exhibit 10. 11 * * * text omitted and filed separately confidential treatment requested under 17 c. f. r. § § 200. 80 ( b ) ( 4 ) and 230. 406 shelter labor services agreement this agreement is made and entered into this 27th day of december, 2000, by and between industrial vallera de mexicali, s. a. de c. v., a mexican corporation ( ivemsa ) and masimo corporation ( masimo ) a delaware corporation, which will be in force once at least five employees had been hired, and which is executed in accordance with the following : recitals first. that industrial vallera de mexicali, s. a. de c. v. is a mercantile corporation duly incorporated under mexican laws, and that its business purpose is to offer administrative, accounting, customs and traffic, and human resources services to foreign companies that want to have a maquiladora process in this city of mexicali, b. c second. that mr. sergio tagliapietra n., has enough faculties to act and enter this shelter agreement on behalf of ivemsa. third. masimo states that it is an american corporation duly incorporated under the laws of the state of delaware, in the united states of america, and that mr. gary l. waite is empowered to act as legal representative of such corporation. fourth. masimo declares that it desires to contract the services offered by ivemsa, according to the following clauses i. scope of agreement. pursuant to this agreement, ivemsa agrees to render the administrative services for the maquila operation to masimo or to those third parties that masimo may indicate, under the terms of this agreement. therefore, masimo will operate under the ivemsa quality system until notified to operate under masimo quality system, according to this agreement. ivemsa will be responsible for the following functions : general management and administration of maquiladora operations including personnel recruiting, employee relations, import / export. supervision and documentation, general accounting and all payroll services. in addition, ivemsa will serve as project manager in planning and executing the transfer of the new company into mexico, including the coordination of building improvements as required by masimo for the manufacturing site that has been previously selected and approved, according to the layout and building improvements list herein attached as exhibit “ a. ” masimo will be responsible not only for any and all payment here