THIS RESELLER AGREEMENT is entered into on 22 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 Reseller)

Whereas

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

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

(C)           The Company has agreed to appoint Reseller for an initial term as its EXCLUSIVE  reseller of Products for certain applications in the Territory and the Reseller 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);

Resell Rights means the  right to resell the Products;

Intellectual Property means statutory and other proprietary rights in respect of copyright and neighbouring rights; all rights in relation to inventions, patents, plant varieties, registered and unregistered trade marks, registered and unregistered designs, circuit layouts and confidential information; and all other rights with respect to Intellectual Property as defined in Article 2 of the July 1967 Convention Establishing the World Intellectual Property Organisation as may be applicable to the Products and to any advertising and promotional material and any technical materials associated with the supply of the Products;