EXHIBIT 10.4
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THE PURCHASE AND SALES AGREEMENT
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This Agreement, made this 27th. Day of March. 2004, by and between P--CE
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Computers, Inc., a Nevada corporation doing business as Personal Computing
Environments, having offices at Palm Springs, California, U.S.A., (hereafter as
"A"=purchaser), and PC Frame, Inc. having its principal office at Room No. 201,
A Xxxx. Xxxxxxxxxxxxxxxxx 000-00 Xxxx-Xxxx, Xxxx-Xx, Xxxxx Xxxxx (hereafter as
"B"=seller).
WITNESSETH
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IN CONSIDERATION OF the mutual covenants contained herein, the parties hereto
agree as follows.
Article 1. Definitions
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Except where the context otherwise requires, the following terms and expressions
used in this Agreement shall have the meaning respectively defined as follows:
1.1 The object of this contract is the personal computer setting frame, totally
25 units.
1.2 "Products" shall mean the finished, packaged products of the personal
computer setting frames.
Article 2. Payment and Delivery
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2.1 B agrees to deliver the 25 Products to A at the price of $22,500 USD,
($900/1 unit)
2.2 Payment for the Products by A is as follows.
The first payment $15,103 shall be remitted within three (3) days after the date
of this agreement.
The upper $15,103 is consisted of the price of 4/10 of total 25 units=$9,000,
packing for 25 units & etc.=$2,610, transferring fee from Seoul to Inchon for 25
units=$300, CFS charge for 25 units & etc.=$550, Insurance on 25 units=$43,
Handling charge for 25 units=$1,250, shipping charge from Inchon to Bangkok for
25 units=$1,350. The second payment $13,500 shall be remitted within five(5)
days from the date B has shipped the products and A has received the evidence of
shipping of 25 units.
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2.3 Delivery shall be at the site of Bangkok Thailand..
2.4 B shall ship 25 units of the Product within 25 days from the date that B
has received the first payment .
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Article 3. Assignment
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This Agreement shall not be assigned by B except with the prior written consent
of A.
Article 4. Governing Law
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This Agreement shall be interpreted and governed by the laws of the Republic of
Korea.
Article 5. Term
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This Agreement shall become effective as of the date first above written.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
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by following officers.
A: Purchaser
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P--CE Computers, Inc.:
Xxxxx Xxxxxxxx, President March 29, 2004
Name and Title Date
/s/ Xxxxx Xxxxxxxx
Signature
B: Seller
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PC Frame, Inc.:
Nam Ki Don, CEO March 29, 2004
Name and Title Date
/s/ Nam Ki Don
Signature
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