Products Sales Agreement (Translated)
(Translated)
World Scan Project Corporation (“WSPJ”) and Drone Net Co., Ltd. (“Drone Net”) enter into the Products Sales Agreement (the “Agreement”) as follows:
| 1. | Purposes |
WSPJ promises to sell the following products (the “Products”) and Drone Net promises to purchase the Products.
| Product | Small sized drone named “SkyFight-X” |
| Number | 10,000 drones |
| Price | JPY 15,800 |
| Total amount | JPY 158,000,000 |
| 2. | Delivery Date and Place |
WSPJ shall deliver the Products to Drone Net’s designated place by May 31, 2020.
| 3. | Payment |
Drone Net shall make the payment for the products as follows:
| ž | Drone Net shall pay JPY 47,400,000 (30%, sales tax excluded) by March 0, 0000 |
| x | Drone Net shall pay JPY 110,600,000 (70%, sales tax excluded) by May 31, 2020 |
| 4. | Risk Bearing |
WSPJ shall owe the responsibility for damage before the delivery date described in the Article 2 and Drone net shall owe the responsibility for damage after the delivery date.
| 5. | Court of Jurisdiction |
When a dispute arises in connection with the Agreement, the court of jurisdiction shall be the Tokyo District Court in the first instance.
IN WITNESS WHEREOF, the Agreement has been prepared in duplicate, and after they are signed and seals have been affixed thereto, each party shall retain a copy.
Xxxxx 0, 0000
XXXX:
World Scan Project Corporation
0-00-00-0X, Xxxxxxxxxxx, Xxxxxxxx-xx, Xxxxx, Xxxxx
/s/ Ryohei Uetaki
Ryohei Uetaki, Representative Director
Drone Net:
Drone Net Co., Ltd.
0-0-00-0X, Xxxxxxxxx, Xxxxxxx-xx, Xxxxx, Xxxxx
/s/ Xxxxxxxx Xxxxxxxx
Xxxxxxxx Xxxxxxxx, Representative Director
Memorandum of Understanding Regarding Products Sales Agreement
World Scan Project Corporation (“WSPJ”) and Drone Net Co., Ltd. (“Drone Net”) enter into t the Memorandum of Understanding Regarding Exclusive Supplier (the “MOU”) as follows:
| 1. | Purposes |
Both parties agreed the following term and condition:
| n | Drone Net shall not develop, manufacture, purchase or sell similar products of the Product without the WSPJ’s consent. If Drone Net violates this, Drone Net shall pay JPY 158,000,000 to WSPJ. |
The similar good is the drone machine which all of the following conditions are applied:
| ž | The price is within JPY100,000 |
| ž | The weight is within 50 grams. |
| ž | Including LAP sensor or the same function |
| n | WSPJ shall delivery the Products within three months. |
| n | Drone Net shall pay the advance payment on the WSPJ’s request. |
| n | If WSPJ cannot deliver the Products within three months, Drone Net may cancel the Agreement. |
| 2. | Valid period |
The valid period of the Agreement shall be from March 1, 2020 to February 28, 2023.
IN WITNESS WHEREOF, the Agreement has been prepared in duplicate, and after they are signed and seals have been affixed thereto, each party shall retain a copy.
Xxxxx 0, 0000
XXXX:
World Scan Project Corporation
0-00-00-0X, Xxxxxxxxxxx, Xxxxxxxx-xx, Xxxxx, Xxxxx
/s/ Ryohei Uetaki
Ryohei Uetaki, Representative Director
Drone Net:
Drone Net Co., Ltd.
0-0-00-0X, Xxxxxxxxx, Xxxxxxx-xx, Xxxxx, Xxxxx
/s/ Xxxxxxxx Xxxxxxxx
Xxxxxxxx Xxxxxxxx, Representative Director
