Supplemental Agreement
Party A: Suzhou Haier Information Technology Co.,
Ltd.
Address: 000X, Xxxxx XxxxxxXxx Xxxxxxxx, Xxxxx Xxxxxxxxxx Xxxx, No. 1,
Haier Road, Qingdao
Tel: 0000-00000000
Fax: 0000-00000000
E-mail:
Party B: Guangzhou Heli Information Technology Co.,
Ltd.
Add: Room 1118, East Tower, Time Squire, Xx. 00, Xxxxxx Xxxxx Xxxx,
Xxxxxxxxx
Tel: 000-00000000
Fax: 000-00000000
E-mail:
Party A and Party B signed “Distributor Agreement” on 8th April 2008, according to "The People's Republic of China Contract Law" and other relevant legal provisions, for distribution of Haier brand multimedia speakers, mini-combination speakers, and home theater products. Hereby both parties enter into this supplemental agreement for the Distributor Agreement, and agree on the following terms:
| 1. |
After repeated consulations, the two parties agree to make supplemental terms in inventory issue to the distributor agreement: After delivering the goods to Party B’s warehouse, Party A will not assume any responsibility for storage safeguard of the goods; Party B will undertake all security responsibilities for the goods in its warehouse. |
| 2. |
The two parties agree that Party B assumes all responsibilities of goods sales, that is the goods sales risk will transfer with the goods delivery. Once the goods have been delivered to Party B, Party B will take on the sales of the goods, and Party A will not assume the risk of return of goods. |
| 3. |
Adopted by consensus, Party A permits t Party B to modify the products according to customers’ requirements. |
| 4. |
Based on the principle of right in line with obligations, the two parties make amendments of No.9 term in Section 3 of the distributor agreement: the product sale prices will be totally decided by Party B, and Party A will not interfere any longer. |
| 5. |
Outstanding issues for a separate agreement. |
| 6. |
This supplemental agreement is reached by a consensus through full negotiations by the two parties on a basis of equality and willingness. It takes effect from the date of signature by both parties. |
| 7. |
This supplemental agreement is in duplicate, and each party holds one. |
| /s/ Party A | /s/ Party B |
| Date: 2010-05-28 | Date: 2010-05-28 |
