Common use of PROPOSED TERM SHEET Clause in Contracts

PROPOSED TERM SHEET. 6.1 BRIDGETECH shall, within ten (10) working days after receipt of the notice from WJPF as set forth in Article 5 above, provide WJPF with a proposed term sheet for the proposed distribution agreement for negotiation by the Parties. 6.2 The proposed term sheet shall contain ordinary commercial terms that are normally included in a distribution agreement, including, in particular, (i) the nature of the appointment (exclusive or non-exclusive); (ii) a proposed trading discount if WJPF elects to purchase the Product from BRIDGETECH for distribution purpose in the PRC; and (iii) a proposed profit-sharing ratio if WJPF elects to provide services to third parties in cooperation with BRIDGETECH.