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EXHIBIT 10.10
VENDOR AGREEMENT
WAL-MART STORES, INC. Effective VENDOR NO DEPT SEQ
Corporate Office Date 6/5/96 150170 6 30
Xxxxxxxxxxx, XX 00000
(000) 000-0000
[ ] WAL-MART [ ] EXISTING VENDOR [ ] PURCHASE/MDSE CATEGORY
[X] SAM'S CLUB [X] NEW VENDOR [ ] EXPENSE & DEPARTMENT
[ ] SUPERCENTER [ ] UPDATE Type ________ BUYER Xxxxxx Xxxxxxx
[ ] OTHER__________ [ ] NEW SEQ.
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Enter the Federal Taxpayer Identification Number (TIN) of the Payee Named
Below. If a "TIN" has not been issued, enter the Employer's Social Security
Number.
00-0000000 OR -- --
------- -------- --------
TYPE OF PAYEE (CHECK ONLY ONE):
Individual/Sole Proprietorship X Corporation
--- ---
Partnership Other
--- ---
PURCHASER RESERVES THE RIGHT TO REMIT TO THE PARTY TO WHOM
THE PURCHASE ORDER IS ISSUED
ADDRESS TO MAIL PAYMENT: ADDRESS TO SEND PURCHASE ORDERS:
Vendor Name Xxxxxxx'x Thunder Karts, Inc. Vendor Name Xxxxxxx'x Thunder Karts, Inc.
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Address X.X. Xxx 000 Attention Xx. Xxxx Xxxxxxx
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Xxxx Xxxxxxxx Xxxxx XX Xxx 00000 Address X.X. Xxx 000
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Xxxxxx Xxxx Xxxx Xxxxxxxx Xxxxx XX Xxx 00000
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Vendor Also Doing Business As (Attach a list Street Address for use by delivery services other than
to this Agreement if space below is insufficient) the U.S. Mail, if not already shown in the Purchase
Order address above.
Vendor # Room
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Expedite Orders: Phone -- --
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ADDRESS TO MAIL CLAIM DOCUMENTATION: ADDRESS TO SEND PRICING TICKETS:
Attention Xx. Xxxx Xxxxxxx Vendor Name Xxxxxxx'x Thunder Karts, Inc.
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Address X.X. Xxx 000 Attention Xx. Xxxx Xxxxxxx
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Xxxx Xxxxxxxx Xxxxx XX Xxx 00000 Address X.X. Xxx 000
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Accounting Phone Number 000-000-0000 City Roseland State LA Zip 70456
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Toll Free Number 000-000-0000
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FAX Number 000-000-0000
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VENDOR FINANCIAL INFORMATION
Vendor agrees to furnish, when returning this completed agreement, a complete
set of current financial statements. Publicly held companies should include
the Annual Report to Shareholders, Management Proxy information and AIF, if
any. If financial statements are not available, a Dun & Bradstreet should be
furnished. 12/31/95
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NOTICE REGARDING ASSIGNMENT OF ACCOUNTS
The Vendor shall provide Purchaser written notice of an assignment,
factoring, or other transfer of its right to receive payments arising under
this agreement 30 days prior to such assignment, factoring, or other transfer
taking legal effect. Such written notice shall include the name and address of
assignee/transferee, date assignment is to begin, and terms of the assignment,
and shall be considered delivered upon receipt of such written notice by the
Vendor Master Clerk. Vendor shall be allowed to have only one assignment,
factoring or transfer legally effective at any one point in time. No multiple
assignments, factorings or transfers by the Vendor shall be permitted.
Vendor shall indemnify Purchaser against and hold Purchaser harmless
from any and all lawsuits, claims, actions, damages (including reasonable
attorney fees, obligations, liabilities, and liens) arising or imposed in
connection with the assignment or transfer of any account or right arising
thereunder where the vendor has not complied with the notification assignment
requirements of this section. Vendor also releases and waives any right, claim,
or action against Purchaser for amounts due and owing under this agreement
where vendor has not complied with the notice requirements of this section.
Such notice shall be mailed directly to:
INVOICE CONTROL DEPT.
ATTN: VENDOR MASTER CLERK
XXXXXXXXXXX, XX 00000-0000
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VENDOR ELECTRONIC DATA INTERCHANGE RESPONSIBILITIES
VENDOR AGREES TO RECEIVE ORDERS AND SEND WAL-MART INVOICES VIA EDI (ELECTRONIC
TRANSMISSION) UNLESS SPECIFICALLY WAIVED BY WAL-MART.
1. Vendor will establish a user I.D. to identify its company. The
presence of this user I.D. in the EDI interchange will be sufficient
to verify the source of the data and the authenticity of the document.
2. Documents containing the user I.D. will constitute a signed writing
and neither party shall contest the validity or enforceability of the
document on this basis.
3. EDI documents or printout thereof shall constitute an original when
maintained in the normal course of business. Vendor waiver is
approved.
G.M.M. WAIVER
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SHIPPING TERMS
FREIGHT TERMS No charge to vendor for sub-standard MINIMUM FOR PREPAID FREIGHT TERMS:
pallets - pallet exchange vendor
[X] COLLECT - FOB VENDOR ___ POUNDS
[ ] PREPAID - FOB PURCHASER ___ UNITS
[ ] PREPAID TO CONSOLIDATOR - FOB PURCHASER'S CONSOLIDATOR ___ DOLLARS
CONDITION OF SALE
Attach Details of Available Programs. Programs that are accepted will become an
addendum to Agreement.
[X] Guaranteed Sales [ ] Consignment [ ] Preticketing [ ] Prepricing
[ ] Stock Balancing [ ] Coop Advertising [ ] Other
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STANDARD PURCHASE ORDER ALLOWANCE
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DISC HOW PAID WHEN PAID
SPECIAL INSTRUCTIONS Each Inv. Other
CODE ALLOWANCE % OI CM CK EI Q S A
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SA Line Level New Store Discount X X
(% Applied to each line item for --- --- --- --- --- --- --- ---
each new store)
OL P.O. Level New Store Discount
(% Applied to total amount of --- --- --- --- --- --- --- ---
each purchase order)
NW New Distribution Center
--- --- --- --- --- --- --- ---
WA Warehouse Allowance
--- --- --- --- --- --- --- ---
QD Warehouse Distribution Allow
(Order Type 33 Only) --- --- --- --- --- --- --- ---
DM Defective/Returned Mdse. Allowance
--- --- --- --- --- --- --- ---
SD Soft Goods Defective Allow
--- --- --- --- --- --- --- ---
PA Promotional Allowance
--- --- --- --- --- --- --- ---
VD Volume Discount
--- --- --- --- --- --- --- ---
FA Freight Allowance
--- --- --- --- --- --- --- ---
AA Advertising Allowance
--- --- --- --- --- --- --- ---
TR TV/Radio Media Allowance
--- --- --- --- --- --- --- ---
DA Display/Endcap Allowance
--- --- --- --- --- --- --- ---
EB Early Buy Allowance
--- --- --- --- --- --- --- ---
HA Handling Allowance
--- --- --- --- --- --- --- ---
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OI-Off.Invoice CM-Credit Memo CK-Check EI-Each Invoice
Q-Quarterly S-Semi-Annually A-Annually
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CONDITION OF MERCHANDISE
Vendor agrees to only ship goods which comply with the "Warranties and
Guarantees" section of the "Purchase Order Terms and Conditions" which is
attached hereto and incorporated herein.
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PRICE GUARANTEE
Prices are guaranteed by Vendor against manufacturer's or Vendor's own price
decline and against legitimate competition until date of shipment with
Purchaser's owned inventories price protected by credit memo. In the event that
prior to the final shipment under any order Vendor sells or offers to others
goods substantially of the same kind as ordered at lower prices and or on terms
more favorable to a third party than those stated on the purchase order, the
prices and terms shall be deemed automatically revised to equal the lowest
prices and most favorable terms at which Vendor shall have sold or shall have
offered such goods and payment shall be made accordingly. In the event
Purchaser shall become entitled to such lower prices, but shall have made
payment at any prices in excess thereof, Vendor shall promptly refund the
difference in price to Purchaser. In the event that a court or regulatory
agency or body finds that the prices on an order are in excess of that allowed
by any law or regulation of any governmental agency, the prices shall be
automatically revised to equal a price which is not in violation of said law or
regulations. If Purchaser shall have made payment before it is determined that
there has been a violation, Vendor shall promptly refund an amount of money
equal to the difference between the price paid for the goods and the price
which is not in violation of said regulations.
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NOTICE REGARDING PRICE INCREASES
Purchaser requires at least 60 days written notice prior to any price increase.
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DEBIT BALANCES
If Vendor has a Debit Balance with Purchaser, the amount owed Purchaser will be
deducted from the next remittance or a check from Vendor to clear this amount
will be paid within 30 days at the option of Purchaser. Purchaser reserves the
right to charge the Vendor penalties and interest for any Debit Balances not
paid within 30 days. Unless waived by Purchaser, the Vendor will be required to
submit a Letter of Credit for the amount specified below.
$ X D.M.M. Waiver
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**IMPORTANT NOTICE** ALL PAYMENTS OF MONIES MUST BE MAILED TO
THE ADDRESS INDICATED BELOW:
[ ] X.X. XXX 000, XXXXXX, XX 00000
[ ] X.X. XXX 00000 X, XX. XXXXX, XX 00000
[ ] X.X. XXX 000000, XX. XXXXX, XX 00000-0000 (Allowance Checks)
[ ] X.X. XXX 00000, XX. XXXXX, XX 00000 (Special Divisions)
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WARRANTY POLICY
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VENDOR MUST CHECK OPTIONS BELOW AND COMPLETE INFORMATION BEFORE
AGREEMENT CAN BE APPROVED
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Vendor will be charged current costs plus a 10% handling charge for all
returned merchandise except where a Defective/Returned Merchandise Allowance is
given by the vendor. Returned merchandise will be shipped with return freight
charges billed back to the vendor. Returns are F.O.B. Purchaser.
[ ] VENDOR OPTION #1: VENDOR WANTS RETURNED MERCHANDISE SENT TO THEM:
[ ] Returned merchandise will be sent to the vendor direct from
each store. Permanent return authorization
#________________________, if required for shipment. If
automatic return is not possible, an 800 number should be
provided or the vendor must accept purchaser's collect calls
to secure return authorization over the phone.
Phone ____ -- ____ -- ____ Contact__________________________
[ ] Returned merchandise will be sent from store locations to the
return center and sent to the vendor.
Permanent return authorization #________________________, if
required for shipment. The practice of requesting a separate
return authorization number for each return claim (shipment)
will be discontinued.
ADDRESS TO SHIP RETURNS TO:
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COMMENTS:
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[ ] VENDOR OPTION #2: VENDOR DOES NOT WANT RETURNED MERCHANDISE SENT TO THEM
[ ] Returned merchandise will be sent from store locations to the
Return Center for disposal
[ ] Return Center may dispose of returned merchandise through
salvage outlets.
[ ] Return Center must destroy returned merchandise.
[ ] Returned merchandise must be disposed of by the individual
store.
COMMENTS:
See vendors warranty - Attachment A
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[ ] VENDOR OPTION #3: DEFECTIVE/RETURNED MERCHANDISE ALLOWANCE
Vendor will allow the Defective/Returned Merchandise Allowance shown on the
reverse side of this agreement. The percentage must be adequate to cover all
defective/returned merchandise or additional claims will be filed by the Return
Center at our fiscal year end.
[ ] Return Center may dispose of returned merchandise through
salvage outlets.
[ ] Return Center must destroy returned merchandise.
[ ] Returned merchandise will be sent from store locations to the
Return Center and sent to the vendor. If vendor requests the
returned merchandise to be sent to them, they will be charged
a 10% handling charge and the merchandise will be shipped with
return freight charges billed back to the vendor.
ADDRESS TO SHIP RETURNS TO:
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COMMENTS:
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PAYMENT TERMS
ALL DATING SHALL BEGIN AT THE DATE OF RECEIPT OF THE GOODS AT PURCHASER'S DOCK.
ON ALL E.O.M. (END OF MONTH) DATINGS, GOODS RECEIVED AFTER THE 24TH OF ANY
MONTH SHALL BE PAYABLE AS IF RECEIVED IN THE FOLLOWING MONTH INVOICES SHOULD BE
MAILED OR ELECTRONICALLY TRANSMITTED ON THE SAME GOODS ARE SHIPPED AND SHALL
DATE FROM PURCHASER'S RECEIPT OF THE GOODS CASH DISCOUNT WILL BE CALCULATED ON
THE GROSS AMOUNT OF VENDOR'S INVOICE.
1. Cash Discount -- Enter whole percents
--- --- ---
Cash Discount Days Available must be filled in if a
--- --- --- Cash Discount is used
3 0 2. Net Payment Days Available
--- --- ---
Yes No X 3. E.O.M.
--- ---
NEW STORE/WHSE TERMS IF DIFFERENT THAN REGULAR TERMS
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INSURANCE REQUIREMENTS
A copy of your current Certificate of Insurance with the following requirements
must be attached to this Vendor Agreement. Certificate Holder should read:
WAL-MART STORES, INC. ITS SUBSIDIARIES & ITS AFFILIATES
000 XX 0xx Xxxxxx
Xxxxxxxxxxx, XX 00000-0000
Attn: Risk Management
1. COMMERCIAL GENERAL LIABILITY Including Contractual.
Products and Completed Operations with certificate holder named as
Additional Insured as evidenced by attached endorsement.
LIMITS: $2,000,000* Per Occurrence
2. WORKERS' COMPENSATION required provided vendor will be entering
Wal-Mart premises:
Workers' Compensation STATUTORY
EMPLOYERS' LIABILITY $1,000,000
Waiver of Subrogation where permitted by law
3. Notice of Cancellation must be for 30 days.
4. Your Vendor number needs to be stated on certificate of insurance.
Vendor number for new vendors will be assigned upon receipt of vendor
agreement.
5. Renewals of certificates of insurance must be submitted prior to
expiration of insurance with vendor number stated.
6. Please direct any questions regarding your insurance to Risk
Management at (000) 000-0000.
7. If certificate of insurance does not comply with requests, vendor
agreement will be returned until compliances are met.
8. CONTACT FOR PRODUCT LIABILITY CLAIMS:
NAME: Xxxxxxx'x Thunder Karts, Inc.
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ADDRESS: X.X. Xxx 000
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CITY: Xxxxxxxx XXXXX XX XXX 00000
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ATTN: Xx. Xxxx Xxxxxxx PHONE 000-000-0000
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FAX 000-000-0000
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INSURING COMPANY: Palomar Insurance Corp.
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PHONE: 000-000-0000
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*$5,000,000 if determined by Wal-Mart as a high risk vendor
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COMPLIANCE WITH STANDARDS FOR VENDOR PARTNERS
Vendor agrees to comply with the obligations expressed in the "WAL-MART
STANDARDS FOR VENDOR PARTNERS: which is attached hereto and incorporated
herein.
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Vendor shall protect, defend, hold harmless and indemnify Purchaser from and
against any and all claims, actions, liabilities, losses, costs and expenses,
even if such claims are groundless, fraudulent or false, arising out of any
actual or alleged infringement of any patent, trademark or copyright by any
merchandise sold to the purchaser hereunder, or arising out of any actual or
alleged death of or injury to any person, damage to any property, or any other
damage or loss, by whomsoever suffered, resulting or claimed to result in whole
or in part from any actual or alleged defect in such merchandise, whether
latent or patent, including actual or alleged improper construction or design
of said merchandise or the failure of said merchandise to comply with
specifications or with any express or implied warranties of Vendor, or arising
out of any actual or alleged violation by such merchandise, or its
manufacturer, possession or use or sales, of any law, statute or ordinance of
any governmental administrative order, rule or regulation arising out of
Vendor's installation of merchandise covered by this agreement. The duties and
obligations of Vendor created hereby shall not be affected or limited in any
way by Purchaser's extension of express or implied warranties to its customers,
except to the extent that any such warranties expressly extend beyond the scope
of Vendor's warranties, express or implied, to Purchaser. It is further agreed
that all duties and obligations of Vendor set forth in this paragraph shall
extend in full force and effect to pallet at the direction of Vendor.
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ALL PURCHASES MADE BY PURCHASER SHALL BE CONTROLLED BY THE PURCHASER'S PURCHASE
ORDER "TERMS AND CONDITIONS", WHICH IS ATTACHED AS A PART OF THIS AGREEMENT AND
INCLUDED WITH EACH MANUALLY TRANSMITTED ORDER. THIS AGREEMENT AND ALL DISPUTES
ARISING HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF ARKANSAS. THE PARTIES AGREE THAT THE EXCLUSIVE
JURISDICTION OF ANY DISPUTE ARISING IN CONNECTION WITH THIS AGREEMENT OR ANY
DISPUTE RELATING TO THE SERVICES OR GOODS PROVIDED HEREUNDER SHALL BE IN THE
STATE AND FEDERAL COURTS OF THE COUNTIES OF BENTON OR WASHINGTON, STATE OF
ARKANSAS.
By the execution of this Vendor Merchandise Agreement. Vendor agrees to the
representations stated above, and on the following page. Vendor further agrees
that Purchaser may rely on these representations in placing any purchase orders
pursuant to information contained in this Agreement. Any changes to this
Agreement must be in writing and executed by both parties.
SELLER:
By: /s/ XXXX XXXXXXX DATE 6/5/96
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(Principal of the company) (Signature needed on all copies)
Title: Vice President & Plant Manager
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PURCHASER:
By: /s/ XXXXXX XXXXXXX DATE 6/11/96
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(Buyer)
By: DATE
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(Division Merchandise Manager)
Salesman: Xxxx Xxxxxxx
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Address: X.X. Xxx 000
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Xxxxxxxx, XX 00000
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Phone Number: 000-000-0000
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Sales Mgr. or V.P. Sales: Xxxx Xxxxxxx
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Address: X.X. Xxx 000
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Xxxxxxxx, XX 00000
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Phone Number: 000-000-0000
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Pres. Name: V. Xxxx Xxxxxxxx
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Address: 000 Xxxxxxxxx Xxxx., Xxxxx 000
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Xxxxxxxxx, XX 00000
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