Master Distributor Agreement
EXHIBIT
10.1
This
Master Distributor Agreement (the “Agreement”) is entered into on the
7th
day of
August, 2008 by and between Beijing Orsus Xelent Tech & Trading Co., Ltd.,
(“Orsus”) a subsidiary of Orsus Xelent Technologies, Inc., with registered
business address at 00/X, Xxxxx X, Xxxx Xxx Men Business Center, 00 Xxxxxxxxxxx
Xxx Xxx., Xxxxxxxx Xxxxxxxx, Xxxxxxx, and Beijing Xingwang Shidai Commerce
Co.,
Ltd. (“Xingwang”), with registered business address at #1 Pingfang, East Yong An
Li, Chaoyang District, Beijing. (collectively referred to hereafter as
“Parties”)
Whereas
Orsus and Xingwang has a long-term and friendly relationship, Orsus hereby
agrees to appoint Xingwang, and Xingwang hereby agrees to accept Orsus’
appointment, as a national level distributor for the mobile phone handset
products produced by Orsus.
The
Parties hereby further agrees the following:
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1.
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Term
of trade account receivable credit. The Parties agree that the term
of
trade account receivable credit from Orsus to Xingwang shall be 120
days,
starting from June 30, 2008.
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2.
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Guarantee
service on trade account receivables: The Parties agree that Xingwang,
at
any given time and at Xingwang’s sole expenses, shall retain
government-licensed third-party guarantee company/companies in good
standing to assume joint obligation to guarantee the payment of trade
account receivables owed by Xingwang to Orsus to the full amount
of such
trade account receivable. The terms of such guarantee shall require
guarantor to pay Orsus immediately upon any receivables becoming
more than
45 days overdue.
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3.
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Access
to Xingwang trade account receivable record. The Parties agree that
Orsus
has the right to request from Xingwang and Xingwang has the obligation
to
supply to Orsus a detailed report on trade account receivable owed
by
Xingwang’s customers to Xingwang regarding Orsus’ handset products. Such
report shall be made available to Orsus within 10 business days after
a
calendar quarter is completed. Such report shall contain such detailed
information including but not limited to account receivable balance
and
aging for each individual customer.
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4.
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Purchase
Agreements. Saless of product from Orsus to Xingwang shall be made
by
individual purchase agreements in accord with the terms of this Master
Distributor Agreement.
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5.
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Term
of this Agreement: The term of this Agreement is 2 years starting
from the
effectively date of this Agreement.
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Beijing
Orsus Xelent Tech & Trading Co..Ltd., a subsidiary of Orsus Xelent
Technologies, Inc.
Beijing
Xingwang Shidai Commerce Co., Ltd.
Exhibit
10.1 - 1
