Agreement on Business Operations Between Zhejiang Kandi Vehicle Co., Ltd. & Zhejiang Yongkang Top Import & Export Co., Ltd.
Agreement
on Business Operations Between Zhejiang Kandi Vehicle Co., Ltd. & Zhejiang
Yongkang Top Import & Export Co., Ltd.
In
order
to enhance the cooperation relationship between Zhejiang Kandi Vehicle Co.,
Ltd.(hereinafter referred as “Kandi”) and Yongkang Import & Export Co., Ltd.
(hereinafter referred as “Yongkang”), to achieve win-win situation, after
thorough consultation, the two sides have reached to an agreement on product
price and payment and other business as follows:
Ⅰ
Payment
settlement: Production shall be carried out based on order that is a contract
between the two sides. The two sides shall deal with payment according to
settled prices on the agreement; Kandi shall sign and send back the order within
one working day upon receipt of the order; if the products on the order is
with
standard configuration, the price can be settled as following price; sales
to
the domestic export trade companies or factories; invoice price will be
indicated, Kandi shall provide invoice at the invoice price to export trade
companies, while Kandi shall eventually settle with Yongkang at the following
prices; according to provisions of the order, Yongkang shall make 83%
of the payment to Kandi immediately after receiving the customer’s
deposit or full payment, and make the remaining of the payment after tax
refund:
Price
settlement is as
follows: RMB:USD=1:
7.8
|
Prodcut
Model
|
Product
name
|
PriceⅠ(
US$)
|
PriceⅡ(
US$)
|
Notes
|
|
KD-49FM2
|
ATV
|
357.69
|
345.77
|
|
|
KD-49FM3
|
ATV
|
381.54
|
369.62
|
|
|
KD-150F
|
ATV
|
870.38
|
834.62
|
|
|
KD-150GKA
|
ATV
|
918.08
|
858.46
|
|
|
KD-150FS
|
ATV
|
930.00
|
894.23
|
|
|
KD-150GKA-2
|
ATV
|
965.77
|
930.00
|
|
|
KD-150GKC-2
|
ATV
|
941.92
|
906.15
|
|
|
KD-250FS
|
ATV
|
1,347.31
|
1,287.69
|
|
|
KD-250GKA-2
|
ATV
|
1,585.77
|
1,526.15
|
aluminum
rim
|
|
KD-250GKB-2
|
ATV
|
1,585.77
|
1,526.15
|
aluminum
rim
|
|
KD-250GKC-2
|
ATV
|
1,371.15
|
1,311.54
|
|
|
KD-250GKD-2
|
ATV
|
2,146.15
|
2,086.54
|
|
|
KD-970GKD-2
|
ATV
|
3,100.00
|
2,980.77
|
|
|
KD-970GKE-2
|
ATV
|
3,338.46
|
3,219.23
|
Ⅲ
The
above price Clause Ⅱ
is for
the American market and domestic export trade companies or factories, the price
ClauseⅠis
for
other market.
Ⅳ
Extra
price is added for separate additional configuration increased in customer
demand.
Ⅴ
Payment
for small order for below five units products shall be settled with the factory
at the sales price of Yongkang.
Ⅵ
The
above prices are FOB tax-inclusive price.
Ⅶ
If there
are new products or price changes, " Confirmed ▇▇▇▇ for Product Price " (Annex)
established by the two sides shall prevail.
Ⅷ
If the
RMB exchange rate changes, the price shall be settled by the two sides through
negotiation.
Ⅸ The
price lists shall come into effect since October 1st, 2005.
Zhejiang
Kandi Vehicle Co.,
Ltd Yongkang
Import &
Export Co., Ltd
Seal: Seal: