Vastera Inc. Contracts
Sample Business Contracts
Letter Agreement re: Global Trade Services Agreement - Ford Motor Co. and Vastera Inc.
Services Forms
EXECUTABLE COPY
July 14, 2000
Ford Motor Company
One American Road
Dearborn, Michigan 48126
Attention: Frank Taylor
Re: CERTAIN ARRANGEMENTS AND OBLIGATIONS BETWEEN VASTERA, INC. AND FORD MOTOR
COMPANY
Dear Mr. Taylor:
This letter agreement (the "Guaranty") memorializes the implementation of
certain agreements between Vastera, Inc. ("Guarantor") and Ford Motor Company
("Ford") in connection with the execution and delivery of a Global Trade
Services Agreement, dated as of July 14, 2000, between Ford and Vastera Solution
Services Corporation ("VSSC"), a wholly-owned subsidiary of Guarantor (the
"Agreement"), wherein VSSC will provide certain trade-related services to Ford.
Ford and Guarantor agree to the following:
1. GUARANTY
In consideration of the execution of the Agreement, Guarantor hereby absolutely,
irrevocably, and unconditionally guarantees to Ford Motor Company the full
performance by VSSC of all covenants and obligations assumed by VSSC under the
Agreement and under any future agreements between VSSC and Ford.
2. GOVERNING LAW
This Guaranty shall be construed under the laws of the State of Michigan.
If the foregoing accurately sets forth our agreement regarding the issues
addressed herein, please sign the enclosed copy of this Guaranty and return it
to me at your earliest convenience.
Sincerely,
VASTERA, INC.
By: /s/ Arjun Rishi
-----------------------------
Arjun Rishi, President
Acknowledged and agreed to this
fourteenth day of July, 2000:
FORD MOTOR COMPANY
By: /s/ Frank Taylor
-----------------------------
Frank Taylor, Vice President, MP&L
<PAGE>
EXECUTABLE COPY
July 14, 2000
Ford Motor Company
One American Road
Dearborn, Michigan 48126
Attention: Frank Taylor
Re: CERTAIN ARRANGEMENTS AND OBLIGATIONS BETWEEN VASTERA, INC. AND FORD MOTOR
COMPANY
Dear Mr. Taylor:
This letter agreement (the "Guaranty") memorializes the implementation of
certain agreements between Vastera, Inc. ("Guarantor") and Ford Motor Company
("Ford") in connection with the execution and delivery of the following
agreements:
(i) The Stock Issuance Agreement, dated as of July 14, 2000, between Ford and
Vastera Solution Services Corporation ("VSSC"), a wholly-owned subsidiary
of Guarantor;
(ii) the License Agreement, dated as of July 14, 2000, between Ford and VSSC;
(iii) the Salaried Employee Secondment Agreement, dated as of July 14, 2000,
between Ford and VSSC; and
(iv) the Employee Transfer Agreement, dated as of July 14, 2000, between Ford
and VSSC.
The foregoing four agreements are collectively referred to as the "Agreements".
Ford and Guarantor agree to the following:
1. GUARANTY
In consideration of the execution of the Agreements, Guarantor hereby
absolutely, irrevocably, and unconditionally guarantees to Ford Motor Company
the full performance by VSSC of all covenants and obligations assumed by VSSC
under the Agreements.
2. GOVERNING LAW
This Guaranty shall be construed under the laws of the State of Michigan.
If the foregoing accurately sets forth our agreement regarding the issues
addressed herein, please sign the enclosed copy of this Guaranty and return it
to me at your earliest convenience.
Sincerely,
VASTERA, INC.
By: /s/ Arjun Rishi
-----------------------------
Arjun Rishi, President
Acknowledged and agreed to this
fourteenth day of July, 2000:
FORD MOTOR COMPANY
By: /s/ Frank Taylor
-----------------------------
Frank Taylor, Vice President, MP&L