Contract
Exhibit
10.8
Agent
sales contract for large sales channel between Anteya Technology Corporation and
UP-TECH Technology Co., Ltd.
Contract
No. UP200808010001
Date:
August 19, 2008
Contracting
parties:
This
Contract entered into this day
of , 2009, by and between Anteya Technology
Corporation with business address at 000-0 Xxxxxxx Xxxx, Xxxxxxxx Xxxxxxxx,
Xxxxxxxxx Xxxxxx (hereinafter referred to as “Party A”) and UP-TECH Technology
Co., Ltd. with business address at 0-0 Xxxxxxxxx Xxxx, Xxxxxxxx Xxxx, Xxxxxxx
Xxxxxx (hereinafter referred to as “Party B”). Party A licensed Party B for sale
of LED related products produced by Party A (hereby referred to as the contract
target) on large sales channels in the Taiwan area. The parties have agreed to
abide by the following terms and conditions:
Article
1: Contract target:
The
target products of the contract by Anteya Technology Corporation include MR16
monocolor lamp, E27 monocolor lamp, MR16 varied color lamp, E27 varied color
lamp, varied color torch and tiny night lamps and relevant LED related products.
Party A shall be responsible for production of target products of the contract
and its peripheral accessories, relevant product certification and development.
Party B shall be responsible for sales and assist with maintenance and
development of the large sales channel market.
Article
2: Contract period and contract termination:
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1.
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The
valid period of the contract shall be two years (from the effective date
after applying seal by both parties to August 31, 2010). Without consent
of both parties neither party has the right to terminate the contract in
advance and within 30 days before expiration of the valid period, if both
parties do not notify the opposite party for termination, the contract
shall be automatically extended for another
year.
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2.
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Without
written consent of the opposite party, neither party has the right to
unilaterally terminate the contract in
advance.
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3.
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Either
party has the right to terminate this contract if the opposite party is in
breach of the contract or for reasons attributable to the opposite party
under the premise of clarifying the account books of both
parties.
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Article
3: Licensing regions and distributors:
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1.
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According
to terms agreed by both parties, Party B agrees to license to Party B as
the primary sales agent for large sales channels. If Party B has
registered a monthly shipment of 10,000 units 3 months in a row by a
specific sales channel, then Party B is entitled to sole agent sales
right.
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2.
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Large
sales channels is defined as large chain stores (such as RT-Mart, Xxxxx
Xxxx, E-Life, B&Q, Homebox, etc.), large internet sales channels (such
as PCHOME, YAHOO, PayEasy, Mobile01, various credit cards, mail order and
department store member, gifts, etc.), TV shopping (such as Eastern Home
Shopping, Viva, momo, etc.)
customers.
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3.
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For
other large sales channel customers not defined, Party B may file
applications and start selling if Party A confirms no conflict of
customers and has agreed to its
application.
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4.
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During
the contract period, if Party B has successively failed to achieve the
sales target agreed by both parties in a specific period or the sales
channel development performance, Party A has the right to propose changes
to the licensed content and scope; and change adjustment maybe made after
agreement by both parties.
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Article
4: Responsibility and obligations:
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1.
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Party
B is a legal product sales agent for Party A and is entitled to relevant
rights and obligations of a sales agent as stipulated in the
contract.
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2.
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Party
B shall be responsible for product promotion education, maintenance of
operation and development management of customers in the target regions of
the contract, and regularly provide production and sales
forecast.
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3.
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If
required, Party A shall provide product certification and licensing
documents of the contract target to Party B to facilitate Party B’s sales
development.
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4.
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Both
Party A and Party B agree to have the sales agent system for execution of
sales operation. Party B shall procure goods from Party A in accordance
with the production/sales forecast and procurement cost price agreed by
both parties. Both parties shall negotiate and sign relevant attachments
related to cost and sales cost pursuant to the time of putting the product
on the market and cost changes.
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5.
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Product
advertising and propaganda plan shall be planned, produced and executed in
the channels by the marketing planning department of Party B. Party B may
present product advertising, product exhibition and propaganda
requirements in accordance with market promotion strategies and after
negotiation of contents by both parties, Party A should provide necessary
technical data, product, personnel or training assistance in accordance
with the content of the contract.
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6.
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Party
A shall assign a single contact window to assist Party B with relevant
ordering and shipment flow before and after ordering by
sales.
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7.
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Prior
to putting the product on the market, Party A shall notify Party B within
an appropriate lead time to facilitate market planning, and dispatch
dedicated personnel to Party B for educational training of new products
and provide supplementary sales information if
needed.
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8.
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Party
B shall be responsible for operating and developing the sales amount of
the various sales points and regularly visit the various sales channels
every month.
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Article
5: Ordering and acceptance
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1.
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At
signature of the contract Party B shall provide shipping forecast for the
following season according to the seasonal shipping forecast in accordance
with agreement reached at the production/sales meeting by both parties
pursuant to circumstances of the product putting on the market, and revise
the next seasonal and monthly forecast every month. Party B shall procure
certain quantities for the following month in accordance with the monthly
forecast, and Party A shall produce the committed quantity and notify
Party B the required time for
delivery.
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2.
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Party
B may carry out incoming sampling inspection for products provided by
Party A, and if the defective rate is higher than 0.5% in the course of
acceptance inspection, Party A shall provide explanation or revise the
plan within 7 working days in accordance with the contract, and
voluntarily revise the plan until Party B confirms acceptance inspection.
If it fails in a short time and affects the sales channel, Party A shall
provide equivalent proportional spare parts to maintain smooth sales of
the channels.
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3.
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Delivery
by Party A shall be confirmed after acceptance by Party B, and if quality
defects, shoddy packaging, shortage in quantity, missing parts or other
nonconformances are found during sampling inspection by Party B, latter
may return the commodities or demand replacement of new
commodities.
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4.
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In
the event the commodities are good but afterwards during sales by Party B
or if defects, missing parts or other nonconformances are found which is
not attributable to Party B after consumers bought the commodities, Party
A shall also be responsible in accordance with afore-mentioned
provision.
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5.
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If
there are requirements for exhibition by the sales channels, and Party B
requires to design and to provide exhibition of commodities or platform,
Party B may ask Party A to provide necessary assistance, and after
negotiation of agreed content, Party A shall provide necessary technical
data, product, personnel or training assistance in accordance with the
negotiated content.
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Article
6: Delivery:
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1.
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Generally
ordering shall be based on the monthly orders of Party B and Party A shall
honor the monthly shipping time.
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2.
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In
the event of urgent orders, generally within the scope of handling, Party
A shall commit to deliver within 10 calendar days after ordering or within
20 calendar days if required to prepare the
goods.
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3.
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Upon
receipt of Party B’s procurement orders, Party A shall deliver the
commodities contracted by Party B to any specified places within Taiwan
island or to the warehouses of various sales channels and transportation
fee shall be assumed by Party A as
provided.
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4.
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Except
for natural disasters, earthquake or force majeure or reasons attributable
to Party B, Party A shall deliver the goods according to schedule, and in
the event of delay in delivery it is necessary to solicit agreement of
Party B in advance. For delay in delivery or poor quality of commodities
and caused loss to Party B, Party A shall be liable for civil
indemnification.
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5.
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On
the delivery note Party A shall clearly state the procurement order number
and attached with invoice for the goods delivered, one invoice for one
delivery note to facilitate computer
operation.
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6.
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Commodities
delivered by Party A shall be products ordered by Party B. If Party A
supplied goods at random, Party B shall not be responsible for keeping the
products, and if Party A does not comply with afore-mentioned provision,
Party B will not place order and directly return the goods and the
transportation fee shall be paid by Party A; and Party B shall not be
accountable for any loss or missing
parts.
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7.
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In
the event of personnel changes and departure of Party A, it is necessary
to use written notification or email to notify Party B and if disputes
arise therefrom, Party A shall take up full responsibility and not xxxxx
responsibility to the departed
personnel.
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Article
7: Delivery cost and payment:
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1.
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By
mutual agreement, the product sales target and delivery cost shall be as
per quotation attached by Party A.
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2.
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Upon
determination of above prices, both parties shall negotiate and sign
quotation in accordance with market competition and cost
changes.
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3.
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If
Party B has sales cases with lower selling cost than that provided by
Party A or OEM and ODM customers, both parties agree to define them as
specific projects. Sales of specific projects shall be managed in
accordance with specific projects through mutual communication. Prior to
commencement of a specific project, both parties shall discuss and
coordinate schedule for packaging and transportation regarding the
specific project, sales forecast and delivery cost. And no party shall
raise objections after consent.
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4.
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Through
consultation, both parties shall agree to the 60 day payment by Party B on
a monthly basis to be paid by check to Party A for the goods. If shipment
by Party B reached 10,000 units 3 months in a row, Party B shall pay Party
A by check on a 90 day payment term on a monthly
basis.
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5.
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Party
B shall work out the monthly payment to Party A according to latter’s
monthly statement. Before the 10th
day of the following month, Party A shall provide statement with return
postage to Party B and after verified to be correct, Party B shall pay
Party A with check before the 25th
day of the following month. If the payment day is a holiday, payment will
be postponed one working day to complete
payment.
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Article
8: After-sales service:
Party A
agrees to perform following services:
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1.
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Commodity
warranty: Provision of free maintenance service for 15 months commencing
from the day of arrival of goods. Transportation fee for repaired goods:
During the warranty period, transportation fee for shipping to Party A for
maintenance shall be paid by Party B, and upon completion of maintenance
Party A shall be responsible for sending back the repaired goods to Party
B with postage paid by Party A. Relevant expenses shall be paid by Party B
if the warranty period has passed.
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2.
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DOA:
If failure is not due to human factors, Party A shall provide replacement
service for all goods dead on arrival within 30 days commencing from the
day of arrival of goods, or use reject to
handle.
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3.
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Time
for repair: Within the warranty period, Party A shall repair the
commodities within 7 working days from receipt of goods in failure and
repair free of charge or return new products to Party B. If the warranty
period has passed, Party A shall charge Party B in accordance with the
service charge standard.
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4.
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Provision
of spare parts: Spare parts for repair shall be provided by products in
Party B’s inventory and to be mailed back to Party A by batches. Party A
shall assign a single contact window for service, and upon receipt of
maintenance goods, Party A shall reply the repair progress within 3
working days after receipt by the receiving unit of Party A, and complete
repair and maintenance as soon as possible in accordance with the warranty
conditions or execute replacement.
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Article
9: Change or amendment of contract:
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1.
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Any
change, amendment, termination or transfer shall be effected through
consultation between Party A and Party B with written notice. Any remarks
to the contract shall be signed by representatives with legal
authorization and attached to the contract. Any remarks shall be equally
valid with the contract itself.
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Article
10: Confidentiality agreement
Both
parties shall keep confidential all sales content and information and shall not
disclose to any competitors or any concerned third party. Knowledge from
signature, storage and fulfillment of the contract or holding of any information
of the opposite party (including but not limited to commercial information,
financial information, IPR, sales secret and commercial actions, etc.) shall be
kept strictly confidential and shall not disclose to any other third party by
any means except required by law or with written consent by both
parties.
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1.
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Except
for fulfillment of the contract, both parties shall not use the
afore-mentioned information. In the event of damage caused to the opposite
party, the party in breach of the contract shall be responsible for all
compensation for damages caused.
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2.
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Both
parties shall use necessary measures to safeguard the known confidential
information and admonish all employees to abide by obligations to keep the
information confidential.
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3.
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The
obligation of keeping the information confidential shall be valid within a
year after termination of the
contract.
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Article
11: Provision of copyright:
Party A
agrees Party B to use its copyright in provision of product information to
complete relevant articles for marketing but require to obtain consent of Party
A in advance. Party A declares that information provided to Party B using to
complete works will not harm any third party. And if Party B suffers loss from
infringement of the right of any third party, Party A shall be responsible for
any indemnity. If Party B uses the trademark or other source materials of Party
A without permission of latter and caused tangible and intangible losses to
Party A or its customers, Party B shall be unconditionally responsible for
relevant indemnities.
Article
12: Use of trademark
It is
required to have permission of Party A if its registered trademark is required
to use on commodities or packaging, container, label, manual, pricelist or any
other similar articles and held or displayed, disseminated or used in TV,
broadcast and press advertisement or for participation in
exhibition.
Article
13: Attachment
Both
parties agree to have Kaohsiung district court as the first tribunal of
jurisdiction. For matters not specified in this contract, relevant laws and
regulations shall apply or both parties shall reach another written agreement
with the greatest faith. Any written agreement shall be considered an additional
or amended provision to this contract.
Article
14: This contract is made in two (2) originals, and each party holds one
original for record.
Contracting
parties:
Party A:
Anteya Technology Corporation
Unified
Invoice No.: 80133919
Representative:
Wu Dingfeng
Address:
000-0 Xxxxxxx Xxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxxxx
Xxxxxx 833
Tel:
00-0000000
Party B:
UP-TECH Technology Co., Ltd.
Unified
Invoice No.: 97356553
Representative:
Yu Yuanming
Address:
0-0 Xxxxxxxxx Xxxx, Xxxxxxxx Xxxx, Xxxxxxx Xxxxxx 324
Tel:
00-0000000