EXCLUSIVE AGREEMENT FOR DISTRIBUTORSHIP
BETWEEN
XXXX XXXX HARDWARE TRADING PTE. LTD.
AND THE COMPANY
DATED FEBRUARY 6, 1996
(MALAYSIA)
February 6, 1996
Mr. Fernando X.X. Xx EXCLUSIVE AGREEMENT
Xxxx Xxxx Hardware Trading Pte. Ltd. FOR DISTRIBUTORSHIP IN
000/000, Xxxxx Xxx, XXXXXXXX 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
Malaysia for a period of one year. Upon return to Malaysia, Xxxx Xxxx Hardware
Trading Ptd. Ltd. will register the name "TF Purifiner (Malaysia) Sdn. Bhd.".
Should the above parties decide to terminate this agreement, the name of TF
Purifiner (Malaysia) Sdn. Bhd. 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 Malaysia.
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
Malaysia. 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 Malaysia and exported to Malaysia.
For the above, the Distributor will purchase (on February 6, 1996) twenty-five
thousand dollars U.S. of TF Purifiner products to be paid in full within two
weeks of today's date or no later than February 20, 1996. This order for
$25,000.00 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 $25,000
will be placed and paid for via wire transfer for a total of $100,000.00 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
