This COMMISSION AGREEMENT is made on the 1st day of April 2021
Exhibit 10.1
This COMMISSION AGREEMENT is made on the 1st day of April 2021
BETWEEN | XXXXX ORIENT COMPANY LIMITED of Xxxx 0000 - 00, 00/X, Xxxx Tak Centre West Tower, 168 — 000 Xxxxxxxxx Xxxx Xxxxxxx, Xxxx Xxxx. Business Registration Number: 71853470 |
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AND | AEC SOUTHERN MANAGEMENT LIMITED of Xxxx 0000 - 00, 00/X, Xxxx Xxx Xxxxxx Xxxx Xxxxx, 000 — 000 Xxxxxxxxx Xxxx Xxxxxxx, |
Xxxx Xxxx. Business Registration Number: 65635745
RECITALS:
Xxxxx Orient Company Limited ("the Company") has agreed to the payment of commission and AEC Southern Management Limited ("the Agent") has agreed to serve the Company on the terms and conditions of this Agreement.
1 . PRODUCT TO BE COVERED
Name of product: | Rocitin |
Standard of product: | 30 capsules per box, NMN content 5040mg per bottle |
Render of services: | Sales of Rocitin |
2. RATE OF COMMISSION
The Commission has been agreed to HKDIO.OO on every bottle sale of Rocitin.
3. ACQUISITION OF RIGHTS TO COMMISSION
The Agent acquires a right to a commission when the Company has received an order and has not without undue delay reject. The Agent has a right to commission of all sales of Rocitin, Section 1, as long as the Agreement is in force. Upon request by the Company, the Agent is also required to advise on the negotiation of the major terms of services with the buyers.
4. LACKING EXECUTION OF ORDERS
If the buyer's obligation to make payment is not fulfilled, the right to a commission is revoked.
The Company must in a given case document that the lack of fulfilment is due to the situation of the buyers or delivery impediments outside the ability of the Company to affect.
5. | DATE OF PAYMENT OF corv1Mlss10N |
Commission becomes due for payment at the end of each quarter after the quarter in which invoicing occurs to the buyer.
6. | TAXATION |
CFO of the Company is responsible for the reporting of BIR56M to Inland Revenue Department at the end of April every year. CFO of the Company is also responsible for the retain of BIR56M to the Agent after the submission of
BIR56M.
7. GOVERNING LAW
The Agreement shall be governed by and construed in all respects in accordance with all other rights, benefits or protection under the relevant 
Ordinances of the Hong Kong
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Special Administrative Region of the People's Republic of China ("Hong Kong") and the parties hereby irrevocably submit to the exclusive jurisdiction of the courts of Hong Kong.
If the Agent agrees to the above terms of agreement, kindly acknowledge your agreement by signing and returning a copy of this Agreement to the Company.
For and on behalf of
Xxxxx Orient Company Limited
/s/ XXXX Xx Xxx, Xxxxxxx | |
XXXX Xx Xxx, Xxxxxxx | |
Chief Financial Officer | |
Date: 1 April 2021 | |
We, AEC Southern Management Limited, understand and accept the terms and conditions with the Company under this Agreement.
/s/ FANG Congying | |
FANG Congying | |
Director | |
Date: 1 April 2021 | |
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