SALIENT TERMS OF THE AGREEMENT. The salient terms of the Agreement are as follows:
SALIENT TERMS OF THE AGREEMENT. 3.1. The Agreement will be effective on the date of signing of the Agreement and will expire on 31 July 2022, unless terminated earlier by either AAB or AAX, for any reasons whatsoever, by providing thirty (30) days’ prior written notice. In the event of a material breach, either AAB or AAX can terminate the agreement by providing an immediate notice to remedy to the non-defaulting Party. If the defaulting Party doesn't remedy within thirty (30) days, then the non-defaulting Party may terminate the Agreement without further notification.
SALIENT TERMS OF THE AGREEMENT. The words and abbreviations used throughout this section of the Announcement shall have the same meaning as defined in the Agreement unless the context otherwise requires or defined herein.
SALIENT TERMS OF THE AGREEMENT. 3.1 Scope of Agreement When NISB has product demand, it shall promptly negotiate with Shanghai Liangrun on the quantity, price and delivery place of the Diagnostic Kit, which shall become effective upon confirmation by both parties. The parties understand that NISB’s 51% owned subsidiary, TRI-G is the company registered under Medical Device Authority (MDA), Ministry of Health, Malaysia and licensed to operate under the Medical Device Xxx 0000 (Act 737) shall be in the best endeavours to obtain the necessary approval and license for the Diagnostic Kit to be distributed in Malaysia and in Indonesia. In the event that any of the applications to the MDA in Malaysia or equivalent authority in Indonesia is rejected or with conditions not reasonable or acceptable to the relevant parties or shall not have been given or not obtained, where as there is no other products of interest for approval, either party may terminate this Agreement immediately.
SALIENT TERMS OF THE AGREEMENT. 4.1 Pursuant to the terms and conditions of the Agreement, GAC AION grants WTCA the exclusive right to do the following during the Term (hereinafter defined) in Malaysia:
SALIENT TERMS OF THE AGREEMENT. 5.1 The parties shall subscribe for new issuance of 2,400,000 ordinary shares at an issue price of RM1.00 each in proportion to their shareholding structure within 30 days from the date of the SSA.
SALIENT TERMS OF THE AGREEMENT. With this Agreement, the Group is authorised to distribute, market and sell SDPRO and SDST products in Malaysia. SDPRO and SDST are patented, cutting edge nanotechnology-based products, which are highly effective in eliminating 99.99% of viruses, bacteria, fungi and mold, including Covid-19, SARS, MERS, Coxsackie viruses and other dangerous pathogens such as E. coli and Salmonella. The key difference between SDPRO/SDST and other widely used disinfectants like bleach and alcohol-based solvents is that SDPRO/SDST bonds covalently with a surface once it is applied and effectively prevents subsequent recontamination for the entire specified period (SDPRO: 12 months, SDST: 3 months). SDPRO/SDST can be applied on various types of surfaces such as metal, concrete, glass, wood, plastics, ceramics, leather and even fabrics. The products have been awarded various certifications globally such as from SIRIM Malaysia, US Environmental Protection Agency, South Africa NRCS, Merieux NutriSciences, South Korea Ministry of Environment, China CDC, Brazil ANVISA and the Singapore National Environment Agency. SDPRO and SDST are certified non-toxic and environmentally friendly. SDPRO and SDST are currently being used in hospitals, universities and colleges, retail malls, office buildings, banks, as well as airports in Malaysia, Singapore and around the world. Past and ongoing projects of SSB and its counterparts include Singapore Changi Airport, Monetary Authority of Singapore, National University of Singapore, DBS Bank, Gardens Mall, Mid- Valley and The Exchange 106 at Tun Razak Exchange. Under this partnership for the Malaysian market, KANGER will primarily be responsible for business development and marketing of SDPRO/SDST to various private and governmental sectors. All technical aspects and manual coating applications, including follow-up monitoring, will be handled by SSB’s trained and individually certified staff using specialised equipment. SSB shall bear and further indemnifies KANGER against all claims, liabilities and costs potentially arising from application of SSB products or from Kanger acting in its role as a subdistributor for such products.
SALIENT TERMS OF THE AGREEMENT i) The consideration sum shall remain unchanged at RM72,500,000.00 which shall be settled in the form of 50% cash and 50% properties.
SALIENT TERMS OF THE AGREEMENT. The Parties hereby agree that the principal terms of the Agreement shall include, inter alia, the following:-
SALIENT TERMS OF THE AGREEMENT. 3.1 The Agreement is subject to and shall be conditional upon the following within three (3) months from the date of the Agreement:
