EXCLUSIVE AGREEMENT FOR DISTRIBUTORSHIP
BETWEEN
PT. HISTA BAYHU
AND THE COMPANY
DATED FEBRUARY 5, 1996
(INDONESIA)
February 5, 1996
Xx. X.X. Xxxxx EXCLUSIVE AGREEMENT
President FOR DISTRIBUTORSHIP IN
PT. Hista Bayhu IN INDONESIA DATED
JI. Raya Pesanggrahan No. 45 FEBRUARY 5, 1996
Xxxxxxx 00000, Xxxxxxxxx
Dear Xx. Xxxxx:
This Agreement is made between PT. Hista Bayhu and TF Purifiner, Inc. It is
agreed that TF Purifiner, Inc. U.S.A. will only appoint the above company as its
exclusive Distributor of the Purifiner Products for Indonesia for a period of
one year. Upon return to Indonesia, PT. Hista Bayhu will register the name "TF
Purifiner (Indonesia) Company, Limited". Should the above parties decide to
terminate this agreement, the name of TF Purifiner (Indonesia) Company Limited
will be assigned to TF Purifiner, Inc. (USA) or its designee. In January of
1997, PT. Hista Bayhu will submit a marketing plan for the markets it wishes to
cover with minimum quantities for each of the markets. This marketing plan is to
be approved by TF Purifiner, Inc. (USA) at which time, upon approval, TF
Purifiner, Inc. (USA) will draw up a four year contract for Indonesia.
The following are the markets:
1) Marine
2) Industrial - Hydraulic - Fork Lifts - Cranes, etc.
3) Construction Equipment
4) Trucks
5) Buses
6) Automobiles
The above will exclude Military and Original Equipment Manufacturers (OEM's)
such as engine companies, trucking, buses, automobiles, etc. that is made in
Indonesia. If OEM are obtained and serviced by distributor than TF Purifiner,
Inc. will pay a reasonable commission to the Distributor. In addition, TF
Purifiner, Inc. cannot control any manufacturer that has TF Purifiner units
installed outside of Indonesia and exported to Indonesia.
For the above, the Distributor will purchase (on February 5, 1996) twenty-five
thousand dollars U.S. of TF Purifiner products with partial payment of
$10,000.00 made by money order to TF Purifiner upon placing of order, with the
balance of $15,000.00 due by March 5, 1996. This order for $25,000.00 will be
for the first three months of the contract. On May 5, 1996, August 5, 1996 and
November 5, 1996, additional orders of not less than $25,000 will be placed and
paid for via wire transfer for a total of $100,000.00 for the year.
This agreement will become null and void should money for each shipment not be
wire transferred into the account of TF Purifiner, Inc. by the following dates:
May 5, 1996, August 5, 1996 and November 5, 1996. Banking information for wire
transfer is as follows: [ ]
Should any dispute arise as to contents of contract, it shall be construed by
Florida Law USA. The dispute shall be by arbitration by the American Arbitration
Board of not less than three arbitrators. The decision will be final and all
legal costs will be paid by the loser of said arbitration.
Accepted and Agreed by:
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Xxxxxxx X. Xxxx, President Xx. X.X. Xxxxx for
TF Purifiner, Inc. PT. Hista Bayhu
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Date Date
