Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 109

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 109
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 a master sales agreement with our major customer (the “Sales Agreement”), of which the material terms are as follows: Term and Termination The Sales Agreement is effective for a period of three years from the date of execution, December 1, 2023. Unless either party raises a written objection three (3) months prior to the expiration date of the Sales Agreement, it shall automatically be extended for a period of one (1) year. 76 In the event of any material breach, violation of law, or bankruptcy of a party, the other party may immediately terminate the Sales Agreement. Subject Items The subject items under the Sales Agreement are recyclable metal resources with recovery value, including but not limited to: •Used motors, engines, and related metal components; •Scrap machinery and industrial metal parts; •Small electrical and electronic devices containing recyclable metal; and •Other recyclable metal items mutually agreed in writing by both parties. We shall ensure all goods are legally sourced and comply with relevant Japanese laws. Transaction and Payment Terms The Sales Agreement serves as a master sales agreement. All details regarding price, quantity, place of delivery, and payment terms shall be specified in the respective purchase order. In the event of inconsistency, the purchase orders shall prevail. In principle, the major customer is required to make payment by bank transfer within 30 days after receipt of qualified goods and valid invoices. Delivery and Logistics We are responsible for arranging the delivery of the goods to the warehouse or delivery location designated by the major customer. The ownership and risk of loss or damage of the goods shall transfer to the major customer upon delivery at the warehouse or delivery location designated by the major customer. Governing Law and Jurisdiction The Sales Agreement is governed by and construed in accordance with the laws and regulations of Japan. Any dispute shall be submitted to the Tokyo District Court as the exclusive court of first instance. By mutual consent, arbitration before the Tokyo Arbitration Center may also be chosen. Our Suppliers We do not generally enter into long -termsupply agreements with our suppliers. Instead, we source the products by placing fixed -termpurchase orders to our suppliers on a deal -by -dealbasis after the transactions are matched. While we do not enter into long -termsupply agreements with our suppliers, the fixed -termpurchase orders contain all the general terms and conditions of our purchases, including warranties, product specifications, quantities, indemnities and certain other terms to secure our contractual rights. For the waste papers, our suppliers are mostly waste paper collection companies throughout Japan. For