THIS DISTRIBUTION AGREEMENT is entered into on 24 November 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Company)

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Distributor)

Whereas

(A)           The Company wishes to extend the area in which sales are made to TERRITORY.

(B)           The Distributor is willing to distribute the products listed in Schedule 1 to this Agreement in the TERRITORY.

(C)           The Company has agreed to appoint the Distributor for an initial term as its EXCLUSIVE distributor of Products for certain applications in the Territory and the Distributor has agreed to accept such appointment subject to the terms and conditions of this agreement.

It is agreed as follows:

1.              Interpretation

In this Agreement, unless the context otherwise requires the following expressions shall have the following meanings:

Business Day means a day on which banks are open in TERRITORY for the transaction of business (excluding Saturday);

Business Plan means the current annual plan agreed by the parties for the conduct of Distributor’s business activities under this agreement, consisting of:

(a) a business plan specifying the proposed marketing plan, finance arrangements, capital expenditures and other activities in the exercise of the Distribution Rights;