PURCHASE AGREEMENT
This Agreement dated this 18th day of April, 2016 between 3B Industrial Machines, a Henan Sheng corporation whose address is 118-796 Xxx Xxxx Lu, Weidu Qu, Xuchang Shi 461000, hereinafter (the “Seller”) and Geant Corp. incorporated, a Nevada corporation, whose address is Xxxxxxxxxxxx xxxx 000, Xxxxxxxx, Xxx Xxxxx, 00000 hereinafter (the “Buyer”) for the purposes herein stated.
NOW, THEREFORE, in consideration of the mutual covenants set forth in this Agreement, the parties agree as follows:
1. AGREEMENT: The “Seller” hereby sells, conveys and transfers to the “Buyer” all rights, title and unto the machinery, equipment, hereinafter referred to collectively as equipment, described in the attached as Schedule I.
2. “AS IS” CONDITION OF EQUIPMENT: The “Seller” makes no warranties unto the “Buyer” for the sale of the equipment and all equipment described herein is sold in its “as is” condition.
3. DELIVERY AND ACCEPTANCE: The equipment will be deemed received by the “Buyer” when delivered to the “Buyer” at Xxxxxxxxxxxx xxxx 000, Xxxxxxxx, Xxx Xxxxx, 00000. The method of shipment will be door-to-door shipment, from the warehouse of the “Seller” to the place of delivery of the “Buyer”, specified as DDP (Delivered duty paid) in accordance to Incoterms (International Commercial Terms 2010, CC. Retrieved March 14, 2014). The “Seller” will be responsible for all shipping services until the goods will be deemed received by the “Buyer”.
Upon acceptance by the “Buyer” of the equipment, which acceptance shall be identified by the “Seller” taking possession of the equipment, such acceptance shall acknowledge that the equipment is in good order and condition and that the “Buyer” is satisfied with same and that the “Seller” has made no representation or warranty, expressed or implied, with respect to such item of equipment. All equipment is sold in an “as is” condition.
4. PURCHASE PAYMENTS: The “Buyer” will pay to the “Seller” the sum in USD currency, which will be specified in the invoice to each order of the equipment by the “Buyer”. The “Buyer” has the right to pay owned amount to the “Seller” in parts. The prices for the first order specified in the attached Schedule I.
The “Buyer” will make payment by wire transfer for the equipment at the time when the equipment is received by the “Buyer” or, in the alternative, when any document of title or registrable Xxxx of Sale of the equipment, bearing any necessary endorsement, is tendered to the “Buyer”.
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Purchase agreement
5. MAINTENANCE AND REPAIR: All maintenance and repair costs to the equipment shall be paid by the “Buyer” is hereby relieved from any responsibility to maintain or repair said equipment, all said equipment being sold in an “as is” condition.
6. FORCE MAJEURE: The “Seller” may, without liability, delay performance or cancel this Agreement on account of force majeure events or other circumstances beyond its control, including, but not limited to, strikes, acts of God, political unrest, terrorism, embargo, failure of source of supply, or casualty.
7. MISCELLANEOUS: This Agreement contains the entire agreement between the Parties and supersedes and replaces all such prior agreements with respect to matters expressly set forth herein. No modification shall be made to this Agreement except in writing and signed by the both Parties. This Agreement shall be binding upon the Parties and their respective heirs, executors, administrators, successors, assigns and personal representatives.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
The “Seller”:
_______________________________
Signature
Xxxx Xxxx Ching________________
3B Industrial Machines (Initials of the authorized person)
The “Buyer”:
_______________________________
Signature
Xxxxxxxx Sudusinghe______________
Geant Corp. (Initials of the authorized person)
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Purchase agreement
Schedule I
Equipment List
Assets:
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№ |
Name |
Amount |
Price |
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|
1. |
Xxxxxxxxx beater machine |
1 unit |
$ |
1,185 |
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2. |
Stainless steel drum |
1 unit |
$ |
200 |
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3. |
Plastic barrel drum |
3 unit |
$ |
300 |
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4. |
HDPE Construction Debris Netting |
50 sqm |
$ |
70 |
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5. |
Color powder |
Red |
5 kg |
$ |
150 |
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|
Blue |
5 kg |
$ |
150 |
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Yellow |
5 kg |
$ |
150 |
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6. |
Scrap paper |
2000 kg |
$ |
200 |
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7. |
Firewood |
2000 kg |
$ |
110 |
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Purchase agreement
