Payment Terms

APPOINTMENT OF DISTRIBUTORSHIP

1. Distribution Right. The Company hereby appoints and grants Distributor the exclusive and non-assignable right to sell the product of the Company ("Equipment") listed in the then current "Price List" (Sent). The distribution right shall be limited to customers who have places of business in, and will initially use the Company's products in the your area.

2. Prices. All prices stated are FOB the Company's offices in VIETNAM. Prices do not include transportation costs which shall be borne by Distributor. Prices do not include federal, state or local taxes applicable to the products sold under this Agreement. If the Distributor require for CIF term of delivery, the Company’s will arrange and pointed local forwarder to arrange the shipment and CIF cost will applied in the invoice.

3. Terms. Terms are 100% Bank Transfer In Advance, L/C

4. Competitive Equipment. Distributor agrees not to represent or sell other Brand unless the product is not in Company’s product list which is deemed to be competitive with the Company's Equipment unless agreed to by the Company by written notice.