Document:

fs1a3ex10vi_eliteenergy.htm

 

Exhibit 10.6

 

Exclusive Agent Contract

 

This agreement is made and entered into by and between the parties concerned on 1st, Nov, 2010 in Zhongshan city, Guangdong province, China on the basis of equality and mutual benefit to develop business on terms and conditions mutually agreed upon as follow:

 

1.     The Parties Concerned

 

(Party A):  ELITE RENEWABLE ENERGIES TECHNOLOGY INC

 

(Add): 848 Stewart Dr. Suite 101. SumVvdj Ira 94085USA.

 

(Tel): Te1: 1 510 351 9800

 

(Fax): Fax: 1 510 351 9808

 

 

 

(Party B):  Shiyan Hongda Science and Technology Co, Ltd

 

(Add): No. 58, hanjiang north road, shiyan city, Hubei province

 

(Tel): Te1: 86 719 8216888

 

(Fax): Fax: 86 719 8670788

 

2.     Appointment

Party B hereby appoints Party A as its Exclusive Agent to solicit orders for the commodity stipulate in Article 3 from customers in the territory stipulated in Article 4, and Party A accepts and assumes such appointment.

 

3.     Commodity

“Wisdom Solar” Brand Solar Product Series. (or Solar light which have sold to Party A over 6pcs and other items which have sold record before)

 

4.     Territory

Only for Africa country (Ethiopia), America countries (America, Canada, Mexico, Brazil)

 

5.     Minimum turnover

Party A shall undertake solicit orders for the above commodity from customers in the above territory during the effective period of this agreement for not less than USD 75, 000/ first year, 100,000USD/second year, 125,000 USD/third year.  This agreement didn’t come into effect until the Party A finish the first year target sales turnover.

 

6.     Price and Payment

The price for each individual transaction shall be fixed through negotiations between Party A and the buyer, and subject to Party B’s final confirmation.

 

The first year payment shall be made by T/T and next year T/T and L/C are acceptable, When L/C, payment shall be made by confirmed, irrevocable L/C opened by the buyer in favor of Party B, which shall reach Party B 25 days before the date of shipment.

 

7.     Exclusive Right

In consideration of the exclusive rights granted herein, Party B shall not, directly or indirectly, sell or export the commodity stipulated in Article 4 to customers in Distribut countries through channels other than Party A; Party A shall not sell, distribute or promote the sales of any products competitive with or similar to the above commodity in distribute countries. Party B shall refer to Party A any enquiries or orders for the commodity in question received by Party B from other firms in distribute countries during the validity of this agreement.

 

 

  

1

  

 

8.     Market Report

In order to keep Party B well informed of the prevailing market conditions, Party A should undertake to supply Party B, at least once a quarter or at any time when necessary, with market reports concerning changes of the local regulations in connection with the import and sales of the commodity covered by this agreement, local market tendency and the buyer’s comments on quality, packing, price, etc. of the goods supplied by Party B under this agreement. Party A shall also supply party B with quotations and advertising materials on similar products of other suppliers.

 

9.     Advertising and Expenses

Party A shall bear all expenses for advertising and publicity in connection with the commodity in question in distribute countries within the validity of this agreement, and shall submit to Party B all audio, video and paper catalogue materials intended for the advertising for prior approval.

 

10.  Transactions Between Governmental Bodies

Transactions between governmental bodies of Party A and Party B shall not be restricted by the terms and conditions of this agreement, nor shall the amount of such transactions be counted as part of the turnover stipulated in Article 5.

 

11.   Industrial Property Rights

Party A may use the trade-marks owned by Party B for the sale of the Solar Product covered herein within the validity of this agreement, Meanwhile, Party B also agree Party A use his own logo when place order. Party A should provide packing and logo information to Party B.

 

12.   Validity of Agreement

This agreement, when duly signed by the both parties concerned, shall remain in force for 3 years from 1, Nov 2010 to 31, Oct, 2011, and it shall be extended for another 12 months upon expiration unless notice in writing is given to the contrary.

 

13.   Termination

During the validity of this agreement, if either of the two parties is found to have violated the stipulations herein, the other party has the right to terminate this agreement.

 

14.   Force Majeure

Either party shall not be held responsible for failure or delay to perform all or any party of this agreement due to flood, fire, earthquake, draught, war or any other events which could not be predicted, controlled, avoided or overcome by the relative party. However, the party affected by the event of Force Majeure shall inform the other party of its occurrence in writing as soon as possible and thereafter send a certificate of the vent issued by the relevant authorities to the other party within 15 days after its occurrence.

 

15.  Arbitration

All disputes arising from the performance of this agreement shall be settled through friendly negotiation. Should no settlement be reached through negotiation, the case shall then be submitted for arbitration to the China International Economic and Trade Arbitration Commission (Beijing) and the rules of this Commission shall be applied.  The award of the arbitration shall be final and binding upon both parties.

 

 

  

2

  

 

16.  This Agreement in two copies, both sides hold a copy, Chinese and English words written with the same legal effect.

 

 

(Party A): Elite Renewable Energies Technology Inc.                      

 

(Signature & Sealed): /s/ Spencer Luo                                                   

 

(Date): Oct 19, 2010                                                                                   

 

 

 

(Party B): Shiyan Hongda Science and Technology Co, Ltd              

 

(Signature & Sealed): /s/ Wang Shiqing                                                

 

(Date): Oct 19, 2010                                                                                    

 

 

3fs1a3ex10xiii_eliteenergy.htm

 

Exhibit 10.13

UNSECURED PROMISSORY NOTE

 

	Principle US$5,000.00	 December 27, 2010

 

FOR VALUE RECEIVED, ELITE ENERGIES, INC., a Delaware corporation (the “Company”), hereby promises to pay to the order of        Tony Lee                      (the “Lender”), the principal sum of Five Thousand Dollars (US $5,000.00) exactly, together with interest on the outstanding principal hereof from the date hereof at the annual percentage rate of Seven percent (7%) per annum, subject to the terms and conditions of this Promissory Note (this “Note”).

THIS NOTE IS SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS, TO WHICH THE HOLDER HEREOF, BY ACCEPTANCE HEREOF, AGREES:

1.     Method of Payment.  Principal and interest are payable in lawful money of the United States of America by mail to the address of Lender specified from time to time, currently being                                                          .

2.     Payment.  The outstanding principal hereof and accrued interest shall be due and payable in one singular payment of Five Thousand Three Hundred and Fifty Dollars (USD $5,350.00) by December 27, 2011.  The payoff payment shall be paid to Lender via US Postal Certified Mail or other form of courier services and no later than five days from the scheduled payment date.  A fifty dollars (USD $50.00) late payment interest penalty shall be accessed and added to the amount due for each and every month thereof.  Shall the Company failed to deliver the payoff payment for more than a period of three consecutive months, the Lender shall have the right to consider the Company as in default on it promise and call the remaining balance due and payable within a thirty (30) days period after written notice is served to the Company.

3.     Prepayment.  The Company shall have the right to prepay at any time without penalty any amounts outstanding hereunder.  Payment received shall first be applied to the payment of accrued interest and then to the repayment of principal.

4.     Professional Fees.  In the event that this Note is not paid when due, then the Company shall pay to the Lender all costs and expenses incurred by the Lender in enforcing this Note and collecting amounts due hereunder, including reasonable attorneys’ and accountants’ fees.

5.     Governing Law.  This Note shall be governed by and construed according to the laws of the State of California.  The Company and the Lender hereby consent to the jurisdiction of all federal and state courts in California, and agree that venue shall lie exclusively in Santa Clara County, California.

Executed at Santa Clara County, California, effective as of the date first set forth above.

ELITE ENERGIES INC., a Delaware corporation

 

	 	 	 	 	 
	
By:  /s/ Spencer Luo                                              

	 	 	
By: /s/ Stephen Wan                                                   

	 
	
Name: Spencer Luo

	 	 	
Name: Stephen Wan

	 
	
Title: President and Chief Executive Officer

	 	 	
Title: Chief Financial Officerfs1a3ex10xiv_eliteenergy.htm

 

 

Exhibit 10.14

 

 

THE SECURITIES REPRESENTED BY THIS PROMISSORY NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”).  THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE DISTRIBUTION THEREOF.  THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED, OR TRANSFERRED UNLESS (I) A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT AS TO THESE SECURITIES OR (II) THERE IS AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY, THAN AN EXEMPTION THEREFROM IS AVAILABLE.

PROMISSORY NOTE

 

 

	Principle US$10,000.00 	 December 28, 2010

 

FOR VALUE RECEIVED, ELITE ENERGIES, INC., a Delaware corporation (the “Company”), hereby promises to pay to the order of            Bing Kuen Ha                (the “Lender”), the principal sum of Ten Thousand Dollars (US $10,000.00) exactly, together with interest on the outstanding principal hereof from the date hereof at the annual percentage rate of Seven percent (7%) per annum, subject to the terms and conditions of this Promissory Note (this “Note”).

THIS NOTE IS SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS, TO WHICH THE HOLDER HEREOF, BY ACCEPTANCE HEREOF, AGREES:

1.     Method of Payment.  Principal and interest are payable in lawful money of the United States of America by mail to the address of Lender specified from time to time, currently being

        170 GRANADA AEVNUE, SAN FRANCISCO, CALIFORNIA 94112                     .

2.     Payment.  The outstanding principal hereof and accrued interest shall be due and payable in one singular payment of Ten Thousand Seven Hundred Dollars (USD $10,700.00) by December 27, 2011.  The payoff payment shall be paid to Lender via US Postal Certified Mail or other form of courier services and no later than five days from the scheduled payment date.  A fifty dollars (USD $50.00) late payment interest penalty shall be accessed and added to the amount due for each and every month thereof.  Shall the Company failed to deliver the payoff payment for more than a period of three consecutive months, the Lender shall have the right to consider the Company as in default on it promise and call the remaining balance due and payable within a thirty (30) days period after written notice is served to the Company.

3.     Prepayment.  The Company shall have the right to prepay at any time without penalty any amounts outstanding hereunder.  Payment received shall first be applied to the payment of accrued interest and then to the repayment of principal.

4.     Professional Fees.  In the event that this Note is not paid when due, then the Company shall pay to the Lender all costs and expenses incurred by the Lender in enforcing this Note and collecting amounts due hereunder, including reasonable attorneys’ and accountants’ fees.

5.     Governing Law.  This Note shall be governed by and construed according to the laws of the State of California.  The Company and the Lender hereby consent to the jurisdiction of all federal and state courts in California, and agree that venue shall lie exclusively in Santa Clara County, California.

Executed at Santa Clara County, California, effective as of the date first set forth above.

ELITE ENERGIES INC., a Delaware corporation

 

	 	 	 	 	 
	
By: /s/ Spencer Luo                                              

	 	 	
By: /s/ Stephen Wan                                                

	 
	
Name: Spencer Luo 

	 	 	
Name: Stephen Wan

	 
	
Title: President and Chief Executive Officer 

	 	 	
Title: Chief Financial Officer

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