EXCLUSIVE AGREEMENT FOR DISTRIBUTORSHIP
BETWEEN
XXXX XXXX HARDWARE TRADING PTE. LTD.
AND THE COMPANY
DATED FEBRUARY 6, 1996
(SINGAPORE)
February 6, 1996
Mr. Fernando X.X. Xx EXCLUSIVE AGREEMENT
Xxxx Xxxx Hardware Trading Pte. Ltd. FOR DISTRIBUTORSHIP IN
000/000, Xxxxx Xxx, XXXXXXXXX DATED
Xxxxxxxxx 000000 FEBRUARY 6, 1996
Dear Xx. Xx:
This Agreement is made between Xxxx Xxxx Hardware Trading Ptd. Ltd. and TF
Purifiner, Inc. It is agreed that TF Purifiner, Inc. U.S.A. will only appoint
the above company as its exclusive Distributor of the Purifiner Products for
Singapore for a period of one year. Upon return to Singapore, Xxxx Xxxx Hardware
Trading Ptd. Ltd. will register the name "TF Purifiner (Singapore) Pte. Ltd.".
Should the above parties decide to terminate this agreement, the name of TF
Purifiner (Singapore) Pte. Ltd. will be assigned to TF Purifiner, Inc. (USA) or
its designee. In January of 1997, Xxxx Xxxx Hardware Trading Ptd. Ltd. will
submit a marketing plan for the markets it wishes to cover with minimum
quantities for each of the markets. This marketing plan is to be approved by TF
Purifiner, Inc. (USA) at which time, upon approval, TF Purifiner, Inc. (USA)
will draw up a four year contract for Singapore.
The following are the markets:
1) Marine
2) Industrial - Hydraulic - Fork Lifts - Cranes, etc.
3) Construction Equipment
4) Trucks
5) Buses
6) Automobiles
The above will exclude Military and Original Equipment Manufacturers (OEM's)
such as engine companies, trucking, buses, automobiles, etc. that is made in
Singapore. If OEM are obtained and serviced by distributor than TF Purifiner,
Inc. will pay a reasonable commission to the Distributor. In addition, TF
Purifiner, Inc. cannot control any manufacturer that has TF Purifiner units
installed outside of Singapore and exported to Singapore.
For the above, the Distributor will purchase (on February 6, 1996) Twelve
Thousand Five Hundred dollars U.S. of TF Purifiner products with partial payment
of $1,270.00 made by credit card to TF Purifiner upon placing of order, with the
balance of $11,230.00 due within two weeks of today's date or no later than
February 20, 1996. This order for $12,500.00 will be for the first three months
of the contract. On May 6, 1996, August 6, 1996 and November 6, 1996, additional
orders of not less than $12,500 will be placed and paid for via wire transfer
for a total of $50,000.00 for the year. This agreement will become null and void
should money for each shipment not be wire transferred into the account of TF
Purifiner, Inc. by the following dates: May 6, 1996, August 6, 1996 and November
6, 1996. Banking information for wire transfer is as follows: [ ]
Should any dispute arise as to contents of contract, it shall be construed by
Florida Law USA. The dispute shall be by arbitration by the American Arbitration
Board of not less than three arbitrators. The decision will be final and all
legal costs will be paid by the loser of said arbitration.
Accepted and Agreed by:
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Xxxxxxx X. Xxxx, President Mr. Fernando X.X. Xx for
TF Purifiner, Inc. Xxxx Xxxx Hardware Trading Ptd.
Ltd.
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Date Date
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