ex_10-3.htm - Generated by SEC Publisher for SEC Filing






PURCHASE AGREEMENT


 


This
Agreement dated this 18th day of April, 2016 between 3B Industrial Machines, a Henan Sheng corporation whose address is 118-796
Jie Fang Lu, Weidu Qu, Xuchang Shi 461000, hereinafter (the “Seller”) and Geant
Corp. incorporated, a Nevada corporation, whose address is Kiranthidiya
road 114, Beruwala, Sri Lanka, 12070 hereinafter (the “Buyer”) for the purposes
herein stated.


 


NOW,
THEREFORE, in consideration of the mutual covenants set forth in this Agreement,
the parties agree as follows:


 


1.      AGREEMENT:  The “Seller”
hereby sells, conveys and transfers to the “Buyer” all rights, title and unto
the machinery, equipment, hereinafter referred to collectively as equipment,
described in the attached as Schedule I.


 


2.     
“AS IS”
CONDITION OF EQUIPMENT:  The “Seller” makes no warranties unto the “Buyer”
for the sale of the equipment and all equipment described herein is sold in its
“as is” condition.


 


3.     
DELIVERY AND
ACCEPTANCE: The equipment will be deemed received by the “Buyer”
when delivered to the “Buyer” at Kiranthidiya road 114, Beruwala, Sri Lanka, 12070.
The method of shipment will be door-to-door shipment, from the
warehouse of the “Seller” to the place of delivery of the “Buyer”, specified as
DDP (Delivered duty paid) in accordance to Incoterms (International Commercial
Terms 2010, CC. Retrieved March 14, 2014). The “Seller” will be responsible for
all shipping services until the goods will be deemed received by the “Buyer”.


 


Upon
acceptance by the “Buyer” of the equipment, which acceptance shall be
identified by the “Seller” taking possession of the equipment, such acceptance
shall acknowledge that the equipment is in good order and condition and that the
“Buyer” is satisfied with same and that the “Seller” has made no representation
or warranty, expressed or implied, with respect to such item of
equipment.  All equipment is sold in an “as is” condition.


 


4.      PURCHASE PAYMENTS: The “Buyer”
will pay to the “Seller” the sum in USD currency, which will be specified in
the invoice to each order of the equipment by the “Buyer”. The “Buyer” has the
right to pay owned amount to the “Seller” in parts. The prices for the first
order specified in the attached Schedule I.


 


The “Buyer” will make payment by wire transfer
for the equipment at the time when the equipment is received by the “Buyer” or,
in the alternative, when any document of title or registrable Bill of Sale of
the equipment, bearing any necessary endorsement, is tendered to the “Buyer”.


 








	
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Purchase agreement







 

5.     
MAINTENANCE
AND REPAIR:  All maintenance and repair costs to the equipment shall be
paid by the “Buyer” is hereby relieved from any responsibility to maintain or
repair said equipment, all said equipment being sold in an “as is” condition.


 


6.      FORCE MAJEURE: The “Seller” may,
without liability, delay performance or cancel this Agreement on account of
force majeure events or other circumstances beyond its control, including, but
not limited to, strikes, acts of God, political unrest, terrorism, embargo,
failure of source of supply, or casualty. 


 


7.      MISCELLANEOUS: This Agreement
contains the entire agreement between the Parties and supersedes and replaces
all such prior agreements with respect to matters expressly set forth herein.
No modification shall be made to this Agreement except in writing and signed by
the both Parties. This Agreement shall be binding upon the Parties and their
respective heirs, executors, administrators, successors, assigns and personal
representatives. 


 


IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
first above written.


 










The
“Seller”:


 


 


_______________________________


Signature


 


Zung
Ozim Ching________________


3B
Industrial Machines (Initials of the authorized person)


The
“Buyer”:


 


 


_______________________________


Signature


 


­Suneetha
Sudusinghe______________


Geant
Corp. (Initials of the authorized person)














	
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Purchase agreement







 

  



 


 


 


Schedule I


Equipment List


 


Assets:




	

   No
	

   Name
	

   Amount
		

   Price
	
	

   1.     
	

   Hollander beater machine
	

   1 unit
	

   $
	

   1,185
	
	

   2.     
	

   Stainless steel drum
	

   1 unit
	

   $
	

   200
	
	

   3.     
	

   Plastic barrel drum
	

   3 unit
	

   $
	

   300
	
	

   4.     
	

   HDPE Construction Debris Netting
	

   50 sqm
	

   $
	

   70
	
	

   5.     
	

   Color powder
	

   Red
	

   5 kg
	

   $
	

   150
	
	

   Blue
	

   5 kg
	

   $
	

   150
	
	

   Yellow
	

   5 kg
	

   $
	

   150
	
	

   6.     
	

   Scrap paper
	

   2000 kg
	

   $
	

   200
	
	

   7.     
	

   Firewood
	

   2000 kg
	

   $
	

   110
	




 


 


 


 


 


 


 


 


 


 


 


 








	

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Purchase agreement