Distribution Agreement
THIS AGREEMENT is made on June 13, 2011
Sign at: GUANGDONG FOSHAN
BETWEEN
A: E World Interactive. Inc. of 0000 Xxxxxx Xxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx 00000, XXX (hereinafter referred to as “E World”)
And
B: Xxxxx Power Machinery Co, Ltd. Xx.00, 0xx,Xx Xxxxx Xxxxxxx, Xxxxx Xxxx, XxxXxx, Xxxxxx Xxxx, Xxxxx (hereinafter referred to as “XXXXX”)
WHEREAS
XXXXX mainly engages in works of international markets pushing and building of all kinds of renewable products like wind turbine, solar panel and hydro turbine etc. and step by step, builds ourselves brand and marketing net of the world.
E World is a comprehensive 'Green Energy' solutions company and is now a distributor and seller to retail and wholesale of a diverse range of solar, wind and related products.
IN CONSIDERATION OF the mutual terms and conditions hereinafter contained
IT IS AGREED as follows:
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1.
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XXXXX has appointed E WORLD as a distributor within USA for all XXXXX products. This particularly includes the dealership for the XXXXX wind turbine, solar power products, controller, inverters and hydro turbine.
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2.
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XXXXX shall at all times supply reasonably priced goods as per its distributors pricelist with regard to the fact that E WORLD has been appointed a dealership within USA
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3.
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XXXXX will provide the latest up to date knowledge and assistance with regard to all its products on maintenance and use.
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4.
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XXXXX will endeavor to keep E WORLD up to date with the latest market developments with regard to goods that it supplies.
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5.
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XXXXX shall provide a sufficient and adequate backup service with regard to spare parts and agreed warranties on supplied goods.
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6.
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XXXXX shall deliver the products that it is offering now as long as possible. When XXXXX changes the design or models or stop production, XXXXX will inform distributor as soon as possible. XXXXX shall keep informed the distributor as good as possible about the availability of the offered products.
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7.
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E WORLD shall endeavor to keep XXXXX up to date with all relevant market information with regard to sales / new products on the market in USA.
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8.
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E WORLD shall at all times be as competitive as possible in the supply of goods to the end-user and will at all times promote to the best of its ability the sale of XXXXX goods within USA.
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9.
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This agreement shall be monitored by the sales targets in Appendix A. These targets shall be reviewed every six months against actual orders. When the minimum order quantity is not ordered and paid or when there are no orders during a continuous 3 month period, XXXXX can cancel this agreement with 30 days’ notice.
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10.
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At any time this agreement can be terminated with six months written notice by XXXXX but only after four years from the date of signing of this contract. This is to protect any initial investment that E WORLD will make in distribution and set up and marketing costs within his customers or future customers.
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11.
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E WOLRD reserves the right to terminate this contract with six months written notice but only after one year from the date of signing this contract.
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12.
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In the absence of any formal agreement to continue after the agreed terms above, the agreement will continue as a periodic year to year agreement under the original terms and conditions as set out above and with six months termination notice by both parties.
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13.
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E WORLD will supply “Customer information” to XXXXX for information only and Xxxxx undertake to contact the customer actively directly or indirectly, when receiving the customer information passively, XXXXX will transfer all inquiries to E WORLD and ask the client to contact E WORLD directly.
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14.
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XXXXX products are patent products and without permission from XXXXX, E WORLD will not supply XXXXX products to other manufacturer to copy them.
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15.
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In the event of breach of this agreement, the other side can keep the right of appeal or court action in relation to the breach of the agreement. Any dispute concerning the subject matter of this agreement shall be submitted to binding arbitration before a single arbitrator in the state in which the party bringing a claim hereunder resides pursuant to the rules and procedures of the American Arbitration Association and the prevailing party will be entitled to recover reasonable attorney’s fees and costs relating thereto.
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16.
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The agreement will be two copies, both “E WORLD” and “XXXXX” will keep one, meantime, it can be sent to the relative party.
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AS WITNESS WHEREOF the parties hereto have executed this agreement as of the
day and year first written above June 16 , 2011
A: E World Interactive. Inc B: Xxxxx Power Machinery Co.,Ltd
Representative: Representative:
APPENDIX A
A: E WORLD hereby targets to the purchase a minimum value as per below list.
The forecasted sales are as follows:
Year 1 $
Year 2 $
Year 3 $
Year 4 $
