Document:

amendmentemploymentdesjourdy.htm

    Exhibit 10.3

      AMENDMENT
TO THE

      AMENDED AND RESTATED
EMPLOYMENT AGREEMENT

      

      This Amendment is made as of the 7th day of
February, 2008 to the Amended and Restated Employment Agreement dated as of
January 3, 2006 (the “Agreement”), by and between Symbollon Pharmaceuticals,
Inc., a Delaware corporation with its principal place of business at 37 Loring
Drive, Framingham, MA  01702 (the "Company"), and Paul C. Desjourdy,
residing at 25 Eastmount Road, Medfield, MA  02052 (the
"Employee").  Capitalized terms used but not defined herein shall have
the meaning as defined in the Agreement.  Except as amended below, all
terms and conditions of the Agreement shall remain in full force and
effect.

      

      In consideration of the mutual promises
contained in this Amendment, the parties agree as follows:

      

      1.  Section 2 of the
Agreement shall be modified such that the term of the Agreement shall be
extended to December 31, 2011.

      

      2.  Section 3 of the
Agreement shall be modified such that the base salary shall be at the rate of
$278,500 commencing January, 2008.

      

      3.  As an incentive to
execute this Amendment, the Employee shall be issued as of the date hereof
900,000 restricted shares of Class A Common Stock.  The restricted
shares may not be sold by the Employee until vested.  The restricted
shares shall be subject to forfeiture if the Agreement is terminated prior to
the vesting of the shares.  The shares shall vest 1/3 each of the next
three anniversaries of this Amendment.

      

      IN WITNESS WHEREOF, the parties have
caused this Amendment to be executed as of the date and year first above
written.

      

      SYMBOLLON PHARMACEUTICALS,
INC.

      

      

      

      By: /s/ Jack H.
Kessler___________

      Jack H. Kessler

      Chairman of the Board

      

      

      /s/ Paul C.
Desjourdy_____________

      Paul C.
Desjourdyamendmentemploymentkessler.htm

    Exhibit 10.5

      AMENDMENT
TO THE

      AMENDED AND RESTATED
EMPLOYMENT AGREEMENT

      

      This Amendment is made as of the 7th day of
February, 2008 to the Amended and Restated Employment Agreement dated as of
January 3, 2006 (the “Agreement”), by and between Symbollon Pharmaceuticals,
Inc., a Delaware corporation with its principal place of business at 37 Loring
Drive, Framingham, MA  01702 (the "Company"), and Jack H. Kessler,
residing at 56 Presidential Drive, Southborough, MA  01772 (the
"Employee").  Capitalized terms used but not defined herein shall have
the meaning as defined in the Agreement.  Except as amended below, all
terms and conditions of the Agreement shall remain in full force and
effect.

      

      In consideration of the mutual promises
contained in this Amendment, the parties agree as follows:

      

      1.  Section 2 of the
Agreement shall be modified such that the term of the Agreement shall be
extended to December 31, 2011.

      

      2.  Section 3 of the
Agreement shall be modified such that the base salary shall be at the rate of
$200,000 commencing January, 2008.

      

      3.  As an incentive to
execute this Amendment, the Employee shall be issued as of the date hereof
375,000 restricted shares of Class A Common Stock.  The restricted
shares may not be sold by the Employee until vested.  The restricted
shares shall be subject to forfeiture if the Agreement is terminated prior to
the vesting of the shares.  The shares shall vest 1/3 each of the next
three anniversaries of this Amendment.

      

      IN WITNESS WHEREOF, the parties have
caused this Amendment to be executed as of the date and year first above
written.

      

      SYMBOLLON PHARMACEUTICALS,
INC.

      

      

      

      By: /s/ Paul C.
Desjourdy_____________

      Paul C. Desjourdy

      President/CEO

      

      

      /s/ Jack H.
Kessler__________________

      Jack H. Kesslerex10-1.htm

    EXHIBIT
10.1

    

    Confidential
treatment has been requested for portions of this exhibit. The copy
filed  herewith  omits  the  information  subject  to
a confidentiality request.
Omissions  are  designated  ******.  A
complete version of this exhibit has
been  filed  separately  with  the  Securities  and  Exchange  Commission.

    

    TRADING TERMS
AGREEMENT

     

     

    

    
      	
              Account

              Number

            	
              209282

            	
              Alpha

              Code

            	 
      	 
      	
              Shaded
      Areas

              Office
      Use Only

            

    

    

    In this
Trading Terms Agreement Wesfarmers Industrial & Safety (WIS) and the Vendor
are references to the companies set out below

    

    
      	
              WIS:

            	
              J Blackwood & Son Limited
      (ABN 43 000 010 300)  Trading as Blackwoods, Bakers
      
Construction & Industrial, Blackwoods Atkins, Motion Industries,
      Mullings Fasteners

              Protector Alsafe Pty Ltd (ABN
      28 007 000 624)  Trading as Protector
      Alsafe

              Bullivants Pty
      Limited (ABN 47 087 887
      072)  Trading as
      Bullivants

               

            

    

    

    
      	
              Vendor
      or Lakeland:

            	
              Lakeland
      Industries Inc.

            
	
              Vendor’s
      ABN

            	
              NA

            
	
              Period
      of Terms:

            	
              Start:

            	
              1st
      January 2008

            	
              End:

            	
              31st
      December 2008

            
	
              Following
      the end date of the Terms, the Terms will remain in place until
      renegotiated or terminated.  Both parties have the right to
      terminate the agreement after the end date with a notice period of 3
      months.

            

    

    

    The
Persons involved in this commercial agreement

    
      	
              WIS
      Representative

            	
              Vendor
      Representative

            
	
              Wayne
      Peters, Margaret Johnston

            	
              Charles
      D Roberson

            

    

    

    
      	
              On
      Behalf of Wesfarmers Industrial and 
Safety

            	 
      	
              On
      Behalf of Vendor

            
	
              Name:

            	
              Mike
      Parkinson

            	 
      	
              Name:

            	
              Charles
      D. Roberson

            
	
              Title:

            	
              Strategic
      Sourcing Manager

            	 
      	
              Title:

            	
              International
      Sales Manager

            
	
              Signature:

            	
              /s/
      Mike Parkinson

            	 
      	
              Signature:

            	
              /s/
      Charles D. Roberson

            
	
              Date:

            	
              21st
      January 2008

            	 
      	
              Date:

            	
              16th
      January 2008

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Please
ensure that all pages of this agreement are initialed.

    

    Acceptance of
Terms

    

    The
Vendor agrees to provide goods and or services specified in the APPENDICES to
Wesfarmers Industrial and Safety (“WIS”) for the term of this Trading Terms
Agreement.

    

    

    Payment
Terms

    

    
      	
              Number of
      Days

            	
              45

            	
              Settlement
      Discount

            	 
      

    

    

    The date
of payment for receipted goods will be calculated from the end of the month in which the invoice
is received by WIS.  The settlement discount is based upon the
total receipted value (including GST) excluding Rebates and Customer Price
Support.

    

    

    Unconditional
Rebate

    

    
      	
              0%

            

    

    

    Unconditional
Rebate will be calculated on the total dollar value of purchases receipted
exclusive of GST.  GST will be added at time of
invoicing.  WIS will provide you with information to claim your GST
input tax credit.

    

    The
amount of Unconditional Rebate will be calculated every month end. The amount
owing will be deducted off the Vendors trading account, details of which will be
shown on the remittance notice.

    

    

    Long Term Incentive (LTI)
Rebate

    

    ******

    

    Promotional and or
Advertising Fund (Fund)

    

    
      	
              ******

            	
              of
      purchase receipts for a 12 month 
period up to
      500,000USD.

            	
              OR

            	 
      	
              whichever
      is the greater

            

    

    

    The
Vendor agrees to provide a Fund for each 12 month period.  This Fund
is intended for normal promotional and or advertising events which occur during
the course of trading with WIS.  Significant national projects are
excluded from this Fund.  WIS and the Vendor will discuss funding of
such projects separately.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    The Fund
will be calculated on the total dollar value of purchases receipted exclusive of
GST.  WIS will work with the Vendor to allocate the Fund
accordingly.  Where appropriate all Fund allocations are to be
authorised by the persons or position named below.

    

    
      	
              NAME

            	
              POSITION

            	
              Company

            	
              EMAIL
      ADDRESS

            
	
              Wayne
      
Peters

              Margaret
      
johnston

            	
              NCM

            	
              Protector
      Alsafe

              Blackwoods

            	
              Wayne.peters@protectoralsafe.com.au

              Margaret.johnston@blackwoods.com.au

               

            
	
              Charles
      D. 
Roberson

               

              Kevin
      Zheng

            	
              International
      
Sales Manager

              Director
      of 
Sales and 
Marketing, Asia 
Pacific

            	
              Vendor

            	
              CDRoberson@lakeland.com

               

               

               

              kkzheng@lakeland.com

            

    

    

    
      	
              The
      amount of Fund will be calculated every month end and automatically
      debited from the Vendor trading account.

            	
              YES

            
	 
      	 
      

    

    

    Details
will be shown on the remittance notice.

    

    GST will
be added to all Fund claims and WIS will provide information to allow the
Vendors to claim GST input tax credit

    

    The
balance of any unused Fund will be calculated at the end of each 12 month
period.  An invoice will be issued and the amount owing will be
deducted off the Vendors trading account, details of which will be shown on the
remittance notice.

    

    

    Customer Price Support
(CPS)

    

    CPS is a
process allowing WIS and the Vendor to agree special prices for major customers
and or contracts for a defined period of time.  When an opportunity
arises, WIS will discuss with the Vendor before agreeing on CPS for a range of
products.

    

    When the
Vendor agrees to CPS, the special prices and duration are formalised by signing
the CPS Contract.

    

    The
Vendor agrees that any CPS Contract given to WIS is additional to these trading
terms and in no way impacts on rebates, bulk buying, promotional pricing, funds
and or any other pricing arrangements made with any part of WIS.

    

    

    Minimum Order Values (MOV)
& Freight Charges

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Unless
otherwise specified, all purchase order deliveries, including promotional goods,
will be Free Into Store (FIS) regardless of location.

    

    A MOV is
the sum total of all lines on any given purchase order.  WIS can only
accept MOV in dollars; at this stage minimum order quantities can not be
accommodated due to incumbent systems.

    

    
      	
              MOV
      ($)

            	
              Freight
      Charge ($)

            	
              Area
      Affected

            
	 
      	 
      	 
      
	 
      	 
      	 
      

    

    

    Delivery

    

    This
clause looks to address the challenges of meeting the delivery expectations of
our customers.  The Vendor will make all reasonable efforts to meet
the standards specified.

    

    
      	
              The
      Vendor guarantees that the number of days from the time the Vendor
      receives a purchase order from WIS to the day the goods arrive at the
      delivery address specified will be no more than specified
      below.

            
	
              Qingdao

            	 
      	 
      	 
      	 
      	 
      
	
              24
      days

            	
              days

            	
              days

            	
              days

            	
              days

            	
              days

            
	 
      
	
              Late
      delivery of the goods to the specified address will entitle WIS to deduct
      the % amount shown from the total invoice value.

            	
              0%
      < 7 days

              0%
      > 7days

            

    

    

    

    
      	
              The
      Vendor agrees to provide an invoice and Proof of Delivery with all
      deliveries made to WIS trading locations.  The information on
      the invoice will include the WIS Part Number, a cost equal to that
      specified on the purchase order, Description, Quantity supplied, Unit of
      measure, the WIS Purchase Order Number, an invoice number, Vendor name,
      delivery address

            	
               

              YES

            
	 
      	 
      
	
              The
      Vendor acknowledges that purchase orders delivered directly to customer
      locations are readily identifiable as having an order number ending in
      ‘DS’ and the
      notation ‘Do Not Send
      Invoice with Goods, Fax to Originating Branch’ clearly stated on
      the purchase order.  The Vendor is responsible for ensuring that
      the invoice and proof of delivery documentation is faxed to the
      originating branch within 24 hours of delivery to the
      customer.

            	
               

               

              YES

            

    

    

    
      	
              WIS
      and the Vendor has a ‘recipient created tax invoice’ arrangement in
      place

            	
              NO

            

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    Returning
Goods

    

    The
following applies to goods ordered by WIS from the Vendor

    

    
      	
              Where
      goods have defects, are damaged or fail to meet the agreed specification
      the Vendor agrees that WIS is entitled to return the goods to the Vendor
      using a ‘freight on’ arrangement to the agreed location.  WIS
      will be entitled to recover all freight costs associated with a
      return.

            	
              YES

            
	 
      	 
      
	
              Sale or
      Return.  All new product introductions will be reviewed
      after 6 months.  Where the sale of such goods fall short of
      agreed targets, WIS will work with the Vendor to improve the
      situation.  If the performance continues to fall short of agreed
      sales target after a total of 12 months, WIS is entitled to return the
      remaining new products to the Vendor.  WIS will incur the cost
      of freight.

            	
              YES

            
	 
      	 
      
	
              Following
      approval from the Vendor low value goods can be disposed
of

            	
              YES

            
	 
      	 
      
	
              Where
      WIS has returned goods or new products, the Vendor agrees to refund the
      total value for those goods or new products.

            	
              YES

            

    

    

    
      	
              The
      Vendor will incur all costs associated with any product recall of goods
      purchased through any WIS business. The Vendor will reimburse all
      reasonable costs incurred by WIS.

            	
              YES

            

    

    

    

    
      	
              Name
      & Address to return

              Faulty/Damaged/Recalled
      or 
Returned Stock

            	
              Telephone
      
Number(s)

            	
              Name
      & Address of 
Vendor’s Nominated

              Transport
      Company

            	
              Telephone
      
Number(s)

            
	
              Weifang
      Lakeland Safety Products Co. Ltd

              No.129,
      HuaAn Road, Xiaoshi Village

              Shandong Province,

              P.R.China

               

            	
              86
      536 4250506

            	 
      	 
      
	 
      	 
      	 
      	 
      

    

    

    Account transaction
Inquires

    

    WIS and
the Vendor will at all times make best endeavours to resolve discrepancies and
or disputes over Invoice, rebate, Promotional & Advertising Funds and
CPS.  Upon request, WIS and the Vendor have the right to audit the
accounts by using 3rd Party,
independent auditors.

    

    Communication
of day to day issues can be facilitated by utilising the following email
addresses

    

    1.
General invoice payment enquires wisaccountspayable@blackwoods.com.au

    2. Rebate
enquires rebates@wisau.com.au

    3.
Promotional & Advertising enquires marketing@wisau.com.au

    4.
Customer Price Support enquires cps@wisau.com.au

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    For those
that require postal services

    

    Rebates
Officer,

    Wesfarmers
Industrial and Safety, PO Box 675, Macquarie Park, NSW 1670

     

     

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    GST (Goods and Services
Tax)

    

    
      	
              1.

            	
              Where
      any supply under this agreement is or becomes subject to GST, an amount
      equal to the GST paid or payable in respect of the supply shall be added
      to the amount of consideration paid or payable for that supply under this
      agreement.

            

    

    

    
      	
              2.

            	
              The
      provisions contained in clause 1 apply notwithstanding any other clause of
      this agreement whatsoever.

            

    

    

    
      	
              3.

            	
              Each
      party agrees to do all things, including providing invoices and other
      documentation, that may be necessary or desirable to enable or assist the
      other party to claim any credit, set-off, rebate or refund in relation to
      any amount of GST paid or payable in respect of any supply under this
      agreement.

            

    

    

    
      	
              4.

            	
              In
      this clause:

            

    

    
      	
               
      

            	
              a.

            	
              The
      expression “GST” means any tax in the nature of a tax on or on the supply
      of goods, real property, services or other things (or similar tax) levied,
      imposed or assessed by the Commonwealth of Australia or any State or
      Territory of Australia, which may operate at any time during the term of
      this agreement, other than any interest, fine, penalty, fee or other
      payment imposed on or in respect of the
  above.

            

    

    
      	
              b.

            	
              The
      expression “supply” means any form of supply whatsoever and includes any
      supply within the meaning of any Commonwealth, State or Territory
      legislation imposing or relating to the imposition of
      GST.

            

    

    

    
      	
              5.

            	
              Adjustment
      note(s) in the approved format will be provided to support the GST amount
      (the equivalent of one eleventh paid) of rebate/ LTI/ Fund/ discount/
      incentive paid under this
agreement.

            

    

    

    

    
      	
              Vendor’s Head Office
      Details

            	 
      	 
      

    

    
      	
              Office
      Address

            	
              Search
      Term

            	 
      

    

     

    
      	
              Street:

            	
              No.129,
      HuaAn Road, Xiaoshi Village

            	 
      	 
      
	
              Suburb:

            	
              Anqiu
      City

            	
              State:

            	
              Shandong

            	
              Post
      Code:

            	
              262100

            	 
      
	
              Country:

            	
              China

            	 
      	 
      

    

    Postal
Address

    
      	
              PO
      Box:

            	
              No.129,
      HuaAn Road, Xiaoshi Village

            	 
      	 
      	 
      
	
              Suburb:

            	
              Anqiu
      City

            	
              State:

            	
              Shandong

            	
              Post
      Code:

            	
              262100

            
	
              Country:

            	
              China

            	 
      	 
      	 
      

    

    

    
      	
              Telephone
      Number 1:

            	
              86
      536 4250506

            	
              Fax
      Number:

            	
              86
      536 4263848

            
	
              Telephone
      Number 2:

            	
              86
      10 59231023

            	
              Email:ssdu@lakeland.com

            	 
      

    

    

    Vendor
Contact Persons

    
      	
              Chief
      Executive:

            	
              Chris
      Ryan

            	
              Phone

            	 
      	
              Email:

            	
              cjryan@lakeland.com

            
	
              General
      Manager:

            	
              Charlie
      Roberson

            	
              Phone

            	
              1
      336 6432523

            	
              Email:

            	
              cdroberson@lakeland.com

            
	
              National
      Sales Manager:

            	
              Kevin
      Zheng

            	
              Phone

            	
              86
      10 59231023

            	
              Email:

            	
              kkzheng@lakeland.com

            
	
              Invoice
      enquiry contact

            	
              Sabrina
      Du

            	
              Phone

            	
              86
      536 4250506

            	
              Email:

            	
              ssdu@lakeland.com

            
	
              Rebate
      contact:

            	
              Kevin
      Zheng

            	
              Phone

            	
              86
      10 59231023

            	
              Email:

            	
              kkzheng@lakeland.com

            
	
              Fund
      contact

            	
              Kevin
      Zheng

            	
              Phone

            	
              86
      10 59231023

            	
              Email:

            	
              kkzheng@lakeland.com

            
	
              CPS
      contact

            	
              Kevin
      Zheng

            	
              Phone

            	
              86
      10 59231023

            	
              Email:

            	
              kkzheng@lakeland.com

            

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    Banking and Payment
Details

    
      	
              Banking
      Country:

            	
              China

            
	
              Bank
      Name:

            	
              China
      Construction Bank

            
	
              Bank
      Address:

            	
              Weifang
      branch

            
	
              BSB
      Number:

            	
              NA

            
	
              Account
      Number:

            	
              ******

            

    

    

    
      	
              Account
      payments can be sent by   

              electronic
      funds transfer   

            	 
      	
              Reconciliation  
      

              account  
      

            	 
      	
              Sort
      key   

            	 
      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SPECIAL
CONDITIONS

    

    Exclusivity

    

    Lakeland
will appoint WIS as its exclusive distributor for Australia and New
Zealand.  Lakeland will not offer its products to other distributors
for sale into these markets.

    

    

    Products

    

    Only CE
certified products will be introduced into the Australia and New Zealand
markets, these products include:

    

    ******

    

    ******

    Complete
Lakeland product descriptions are provided in Appendix 1

    

    

    Non-disclosure

    

    It is
Lakeland intention to continue to develop new protective apparel fabric and
garment designs for the global protective apparel market.  To that
end, Lakeland will on occasion seek input from WIS concerning new
products.  In order to protect the novelty of these developments and
preserve patent rights, Lakeland will have to share this information under a
non-disclosure agreement (Appendix 4).

    

    

    Price

    

    Considering
the maturity and size of the limited use coverall market in Australia and New
Zealand,  Lakeland will work with WIS, on an ongoing basis, to provide
the most competitive pricing possible to allow WIS to penetrate and increase
market share in  these markets.

    

    Proposed
pricing for the above products is attached in Appendix 2.

    

    

    Marketing
Support

    

    Lakeland
will provide product literature and technical information for its products to
WIS.  This information will include, but is not limited to, artwork
for advertisements, posters, product testing (chemical and physical), end user
information and technical support regarding test methods, standards and
regulations.

    

    

    Product
Training

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Lakeland
will provide periodic product training to familiarize WIS sales personnel and
product specialists with market developments and Lakeland
products   Initially, Lakeland will schedule a 2 week trip to
Australia to conduct product training.  This trip is tentatively
scheduled for the weeks from late Feb to early March.  Training will
include product descriptions, applicable standards, end user applications for
the products, competitor analysis versus Lakeland products and product strengths
and weaknesses from an end user’s perspective.

    

    

    The Usage of Lakeland
Brand

          

    Lakeland
Industries (the Vendor) authorizes WIS to use Lakeland logos, registered
trademarks, and product images for promotion of Lakeland branded products.
Lakeland will provide logos and artwork to WIS on a CD for distribution to its
branches if necessary, however these images are available to Lakeland authorized
distributors on the Lakeland web site at www.lakeland.com.

    

    Instructions
for access to the images via the Lakeland web site are as follows:

    

    
      	
              1.

            	
              Go
      to www.lakeland.com

            

    

    
      	 	 
	
              2.

            	
              On
      the left-hand side of the page select a country or region by clicking on
      the appropriate flag.

            
	 	 

    

    
      	
              3.

            	
              On
      the left-hand side of the page is a link titled, “Lakeland
      Images”.

            
	 	 

    

    
      	
              4.

            	
              Click
      on the “Lakeland Images” link, and after reading the conditions of use,
      click the “I Accept” button at the bottom of the page.  The
      required Lakeland Logo will automatically download.

            
	 	 

    

    
      	
              5.

            	
              A
      window will pop up requesting login information.  Your login
      information is as follows:

            
	 	 

    

    
      	
              User
ID:

            	
              ******

            
	 	 

    

    
      	
              Password:

            	
              ******

            
	 	 

    

    
      	
              Enter
      the login information and a new window will open.

            
	 

    

    
      	
              6.

            	
              A
      list of available products and their images will show up.  Click
      on the product are interested in and then the style number, and
      download.

            

    

    

    Use of
Lakeland Logos and Trademarks should be in such a manner as to make ownership of
the marks clear.  An Attribution statement at the bottom or end of
documents is adequate for this purpose in most cases.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    GENERAL
CONDITIONS OF PURCHASE

    

    Acceptance of
Conditions

    

    These
conditions apply to all purchase orders and transactions between WIS and the
Vendor.  A purchase order is an offer by WIS to purchase goods and or
services, a contract shall be formed on acceptance of the order by the
Vendor.  The following acts are considered conclusive acceptance by
the Vendor; (a) signing and returning a copy of the purchase order (b)
electronic acceptance or confirmation (c) delivery of goods against the purchase
order.

    

    Except
where WIS and the Vendor agree in writing, this Trading Terms Agreement and
Conditions will apply to the exclusion of any conditions appearing in any other
trading document.

     

    

    

    Delivery

    

    The
vendor will deliver the goods in accordance with the prices and delivery
schedules stated on the purchase order.  It is the responsibility of
the Vendor to comply with all transport legislation and
regulations.

    

    All goods
shall be packaged securely and in a manner which prevents damage during the
movement of goods.  Each delivery must be accompanied with a delivery
document which specifies the name of the Vendor, purchase order number,
description of goods, unit of measure, the quantity and or volume plus the
delivery address. As per the Australian Standard Packing Comp.ppt
document

    

    All goods
are to be supplied on time and in full.  The respective WIS Branch
should be notified of potential delays caused by stock outs and or
shortages.  Where the Vendor is unable to meet the specified delivery
schedule it will be considered a breach of contract allowing WIS the right to
cancel the purchase order without any expense to WIS.

    

    

    Ownership and
Risk

    

    Title to
and property in the goods passes to WIS when physically received and receipted
by WIS or delivered to a WIS customer where WIS specifies the customer address
as the delivery address

    

    

    Quality

    

    The
Vendor grants WIS the right to inspect any goods at anytime.  All
goods and services shall be supplied in accordance with the specification
agreed.  If the Vendor fails to deliver any of the goods or services
in accordance with the agreed specification then WIS has the right to reject the
full quantity.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Where
goods and services have been rejected, WIS will work with the Vendor to remedy
the situation.  The Vendor will be responsible for all costs
associated with replacing the rejected goods and services.

    

    

    Warranties and Obligations
of the Vendor

    

    The
Vendor warrants that the goods and materials used in the manufacture or
performance of any work related to the goods will be of merchantable quality,
fit for purpose, conform to all specifications, and will comply with all
applicable international and local laws, regulations and standards.

    

    The
Vendor guarantees the goods are free from defects and remain free from defects
(including defects in design, materials, workmanship and installation) or faults
for a period of no less than 12 months from the day of receipt by
WIS.

    

    In
addition, the Vendor;(a) shall provide WIS with the applicable manufacturers
warranty (b) upon request by WIS will provide written evidence of the assignment
to WIS the manufacturer’s warranty (c) must ensure all dangerous goods and
hazardous substances be identified in accordance with the relevant consumer and
or work cover authority labelling guidelines.  An accurate and up to
date material safety data sheet (MSDS) must be made available at the vendor’s
cost.  It is the responsibility of the Vendor to provide WIS with MSDS
with the initial purchase and on future occasions as required.

    

    Items
that have the potential of causing harm to individuals or the environment must
be subject to a risk assessment if so requested by WIS.

    

    

    

    

    

    Price and
Payment

    

    Price(s)
for the products supplied will be fixed for at least the Period of the Terms end
date, unless specified otherwise.

    

    The
price(s) for the goods and services will be specified in the purchase order and
shall remain fixed unless otherwise notified by the Vendor.  It is the
sole responsibility of the Vendor for notifying WIS of any inaccuracy and to
remedy it.

    

    Where an
invoice cost is different from the purchase order, WIS has the right to pay only
the value specified on the purchase order.

    

    Unless
agreed otherwise, when the Vendor supplies goods without an invoice, WIS will
contact the Vendor to request an invoice.  If the Vendor fails to
forward an

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    invoice
within the same working day, WIS will receipt the goods and will not release
payment until such time that the invoice is supplied.

    

    It is the
Vendors responsibility to reconcile the WIS accounts.  Reconciliations
are required on a monthly basis.  WIS will not be liable for
outstanding invoices and claims that date back (6) six more or
months.  It is the Vendors responsibility to constantly pursue
settlement of any outstanding invoices or claims before (6) six or more months
elapses.

    

    Any
application by the Vendor to adjust prices must be made in writing to WIS
Sourcing Managers, giving no less than 90 days notice, shall be supported with
documentary evidence justifying the adjustment and will not take affect until
WIS has accepted the adjustment in writing.

    

    

    Indemnity &
Insurance

    

    The
Vendor shall indemnify WIS from any liability, loss, cost, damage or injury in
consequence of (a) any defect in design, parts or materials or workmanship of
goods or (b) any breach of the terms of this Agreement by the or (c) any breach
of any law applying to the provision of goods or services under this Agreement
or (d) negligence, wilful default or wrongful act or omission of the Vendor, its
employees, sub-contractors or agents, except where any such liability, loss,
cost, damage or injury is caused by the negligence of WIS.

    

    The
Vendor agrees to maintain, at its own cost, all necessary
insurance.  Upon request by WIS, the Vendor agrees to provide evidence
of such insurance.

    

    

    Breach and
Termination

    

    WIS shall
be entitled to terminate the Agreement immediately upon notice to the Vendor if
(a) the Vendor has committed a breach of this Agreement and the Vendor fails to
remedy such default after 7 days of notice or (b) if there is breach of warranty
by the Vendor or (c) the Vendor has a receiver, administrator or manager
appointed to it or any of its assets as the Vendor becomes insolvent as defined
in the Commonwealth Corporations Act or commits any act of bankruptcy or goes
into liquidation or becomes the subject of any analogous
proceedings.

    

    

    Intellectual Property and
Confidentiality

    

    All
intellectual property rights including patents, trade marks, service marks,
design rights, copyright arising from work conducted or prepared by the Vendor
for WIS or in any tools or equipment supplied by or funded by WIS shall belong
to WIS and the Vendor agrees to do all reasonably required to secure the
granting of such rights to WIS. Patents, trademarks, service marks, design
rights and copyrights owned or

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    applied
for by the vendor prior to the effective date of this agreement shall remain the
property of the Vendor.

    

    All
information and documents provided to the Vendor by WIS, or otherwise acquired
by the Vendor relating to WIS shall be kept confidential by the Vendor and shall
not be used by the Vendor other than for the purposes of the purchase
order.  Unless agreed to the contrary in writing by the WIS Sourcing
Manager, disclosure of these Trading Terms is not permissible to any third party
or WIS employ.

    

    The
Vendor shall make no reference to WIS in its advertising, literature or
correspondence without WIS written agreement.  Nothing in a purchase
order shall entitle the Vendor to use any name or trademark or logo of
WIS.

    

    Additional
to this Condition is a Non-Disclosure Agreement signed by both WIS and the
Vendor (Appendix 4).  Where there is a conflict, the Intellectual
Property and Confidentiality Condition takes precedence.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Assignment and
Subcontracting

    

    The
Vendor may not assign or transfer its rights or obligations under this Agreement
(or any part of them) to any other person without receiving WIS prior written
consent (which may be granted on such terms as WIS considers
appropriate).

    

    The
Vendor must not, without the prior written approval of WIS, subcontract the
performance of any part of this Agreement.  The appointment of
subcontractors by the Vendor shall not relieve the Vendor from any or all of its
liabilities or obligations under this Agreement nor create any liability or
obligation on WIS. The Vendor shall be liable for the acts and omissions of its
subcontractors and employees, officers, agents and contractors of subcontractors
as if they were acts and omissions of the Vendor. Any consent to subcontract
granted by WIS may be conditional upon (without limitation) the Vendor obtaining
from the subcontractor evidence of appropriate insurance and appropriate
expertise and a grant of the corresponding Intellectual Property rights granted
to or vested in WIS under this Agreement.

    

    

    Code of Ethics &
Conduct

    

    The
Vendor acknowledges that WIS has a Code of Ethics & Conduct to guide and
promote high ethical and professional standards affecting our behaviours around
people’s well being, safety, and the environment.  To this end, in
supplying goods and or services to WIS the Vendor agrees that it shall not
knowingly take any action which violates the WIS Code of Ethics &
Conduct.

    

    

    Governing Law and Dispute
Resolution

    

    The
Agreement and any supply under the terms thereof shall be governed by the laws
in place in New South Wales, Australia.  WIS and the Vendor
irrevocably and unconditionally submit to the non-exclusive jurisdiction of the
courts of New South Wales, the Federal Court of Australia in New South Wales and
courts of appeal from them for determining any dispute concerning this Agreement
or the transactions contemplated by this Agreement.

    

    

    Severance

    

    If the
whole or any part of a provision of this Agreement is invalid, illegal or
unenforceable, then such provision will be severed from this Agreement and
neither that part or provision or its severance will affect the validity or
enforceability of the remaining parts or provisions of this
Agreement.

    

    

    Compliance with Site
Policies

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    In
performing its obligations under this Agreement, the Vendor shall comply (and
shall ensure that its employees and subcontractors (if any) comply) with all of
WIS’ policies, procedure, instruction, direction, publication or guideline (as
amended from time to time) notified by WIS to the Vendor from time to
time.

    

    

    Survival of
Terms

    

    On
termination of this Agreement for any reason, such of the provisions of this
Agreement as regulate the rights and obligations of the Parties on its
termination shall remain in force to the extent necessary for the determination
and enforcement of those rights (including the obligations of the Vendor under
the various indemnity provisions of this Agreement) and such provisions will be
of a continuing nature and will survive the termination or expiration of this
Agreement

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