Exhibit 10.3
CONTRACT FOR SALE OF GOODS
BULGARIA, SOFIA September 17, 2014
TERAFOX CORP., represented by Director Xxxxxxx Xxxxxx (the "Seller")on the one
hand, AND: KEYBIEVENT (the "Buyer"), represented by Executive Director Xxxx
Xxxxxx (the "Buyer") , on the other hand Contractors both together referred to
as "Parties", or "Party" have concluded the present Contract as follows:
1. PRODUCT
Seller shall sell, to buyer the following goods:
PRINTED PRODUCTS
No party under the agreement is obligated to purchase or sell a certaine minimum
number of goods or dollar amount.
The range of products for delivery of each batch is defined in the invoice.
Printed products will be sold by the Seller to the Buyer with 30% discount.
Identification of the goods to this agreement shall not be deemed to have been
made until both buyer and seller have specified that the goods in question are
to be appropriated to the performance of this agreement.
2. PAYMENTS
Buyer shall make payment for the goods at the time when, and at the place where,
the goods are received by buyer.
Payment discount terms are a 10 percent discount if total bill is paid in
advance.
Parties agree to pay all taxes of every description, federal and municipal, that
arise as a result of this sale, excluding income taxes.
3. RISK OF LOSS
The risk of loss from any casualty to the goods, regardless of the cause, shall
be on seller until the goods have been accepted by buyer.
4. CONFIDENTIALITY
Both parties acknowledge that during the course of this Contract, each may
obtain confidential information regarding the other party's business.
Both parties agree to treat all such information and the term of this Contract
as confidential and to take all reasonable precautions against disclosure of
such information to unauthorized third parties during and after the term of this
Contract.
5. WARRANTIES
Seller warrants that the Goods shall be free of substantive defects in material
and
Seller warrants that the goods are now free, and that at the time of delivery
shall be free from any security interest or other lien or encumbrance.
Furthermore, seller warrants that at the time of signing this agreement seller
neither knows, nor has reason to know, of the existence of any outstanding title
or claim of title hostile to the rights of seller in the goods.
6. RIGHT OF INSPECTION
Buyer shall have the right to inspect the goods on arrival and, within 10
business days after delivery, buyer must give notice to seller of any claim for
damages on account of condition, quality or grade of the goods, and buyer must
specify the basis of the claim of buyer in detail. The failure of buyer to
comply with these conditions shall constitute irrevocable acceptance of the
goods by buyer.
The parties have executed this agreement at Bulgaria, Sofia, September 17, 2014
year
This contract becomes effective on 01 March, 2015. Contract can be terminated
upon 2 months prior written notice of one of the Parties
If any provision of this Contract is held by a court of law to be illegal,
invalid, or unenforceable, (a) that provision shall be deemed amended to achieve
as nearly as possible the same economic effect as the original provision, and
(b) the legality, validity, and enforceability of the remaining provisions of
this Contract shall not be affected or impaired thereby.
This Contract supersedes any prior written or oral agreements.
This Contract may be modified or amended if the amendment is made in writing and
signed by both parties.
SIGNATURE
SELLER
Director Xxxxxxx Xxxxxx /s/ Xxxxxxx Xxxxxx
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BUYER
Executive Director Xxxx Xxxxxx /s/ Xxxx Xxxxxx
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