Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

THIS FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated as of December 20, 2018 is among
ANADARKO PETROLEUM CORPORATION (the “Borrower”), JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, together with its successors in such capacity, the “Administrative Agent”)
for the lenders party to the Credit Agreement referred to below (collectively, the “Lenders”); each of the existing Lenders under the Credit Agreement and signatory hereto that shall continue to be a Lender thereunder pursuant to
the terms of Section 1 hereof (each, a “Continuing Lender”); Morgan Stanley Bank, N.A. and The Bank of New York Mellon (each, an “Exiting Lender”; and each Exiting Lender and each Continuing Lender, each, an
“Existing Lender”); and BMO Harris Bank N.A. (the “New Lender”). Each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement. 

R E C I T A L S 

A.    The Borrower, the Administrative Agent and the Lenders party thereto are parties to that certain Revolving Credit
Agreement dated as of June 17, 2014 (as heretofore amended, supplemented or otherwise modified, the “Credit Agreement”), pursuant to which the Lenders have made certain loans to and extensions of credit for the account of the
Borrower. 
 B.    The Borrower, the Administrative Agent, each Continuing Lender and the New Lender have agreed,
pursuant to Section 9.02(b) of the Credit Agreement, to make certain amendments to the Credit Agreement (the “Amendments”), in each case, as more fully set forth herein. 

C.    NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

SECTION 1.    Assignment and Reallocation of Commitments. Effective as of the Fourth
Amendment Effective Date (as defined in Section 3 hereof), each Existing Lender has, in consultation with the Borrower, agreed to (i) reallocate its respective Commitment, (ii) allow each Exiting Lender to sell
and assign its Commitments and Loans under the Credit Agreement and (iii) allow the New Lender to become a party to the Credit Agreement as a Lender by acquiring an interest in the total Commitments (the “Assignment and
Reallocation”). On the Fourth Amendment Effective Date, and after giving effect to the Assignment and Reallocation, (a) the Commitment of each Lender (including the New Lender) shall be as set forth on Annex I attached to this
Amendment, which Annex I amends and restates Annex I to the Credit Agreement in its entirety (and for the avoidance of doubt, the Commitment of each Exiting Lender shall be $0); and (b) (i) each Exiting Lender shall cease to be a
“Lender” for all purposes under the Credit Agreement and the other Loan Documents and (ii) the New Lender shall become a party to the Credit Agreement, as amended by this Amendment, as a “Lender”, and shall have all of the
rights and obligations of a Lender under the Credit Agreement, as amended by this Amendment, and the other Loan Documents. Each of the Administrative Agent, each Existing Lender (including each Exiting Lender), each Swingline Lender, each Issuing
Bank, the New Lender and the Borrower hereby consents and agrees to the Assignment and Reallocation, including the New Lender’s acquisition of an interest in the total Commitments and each Existing Lender’s assignment of its Commitment to
the extent effected by the Assignment and Reallocation. With respect to the Assignment and Reallocation, each Existing Lender shall be deemed to have sold and assigned its Commitment and Loans, and each Continuing Lender and the New Lender shall be
deemed to have acquired the Commitment and Loans allocated to it from each Existing Lender pursuant to the terms and conditions of the Assignment and Assumption attached as Exhibit B to the Credit Agreement (the “Assignment
Agreement”), as if each Existing Lender (including each Exiting Lender) and the New Lender had executed such Assignment Agreement with respect to the Assignment and Reallocation, pursuant to which (i) each Continuing Lender and the New
Lender shall be an “Assignee”, (ii) each Existing Lender shall be an “Assignor” and (iii) the term 

 
“Effective Date” shall be the Fourth Amendment Effective Date as defined herein. Such Assignment and Reallocation shall be without recourse to each Existing Lender, and except as
expressly provided in the Assignment Agreement, without representation or warranty by such Lender. On the Fourth Amendment Effective Date, the Administrative Agent shall take the actions specified in Section 9.04(b)(iv), including recording the
Assignment and Reallocation described herein in the Register, and the Assignment and Reallocation shall be effective for all purposes of the Credit Agreement. Notwithstanding Section 9.04(b)(ii)(C), the New Lender shall not be required to pay a
processing and recordation fee of $3,500 to the Administrative Agent in connection with the Assignment and Reallocation. 

SECTION 2.    Amendments to Credit Agreement. From and after the Fourth Amendment
Effective Date, the Credit Agreement is hereby amended as follows: 
 (a)    Amendments to
Section 1.01. 
 (i)    Each of following definitions is hereby amended and restated in its
entirety to read as follows: 
 “Maturity Date” means as to any Lender, the later of
(a) January 23, 2023 and (b) if maturity of the Loans is extended pursuant to Section 2.18 as to such Lender, such extended maturity date as determined pursuant to Section 2.18, it being understood and agreed that any such
maturity shall not be deemed extended for any Lender that has not consented to such extension. 
 (ii)    Each of the
following definitions is hereby added to Section 1.01 where alphabetically appropriate to read as follows: 

“Fourth Amendment” means that certain Fourth Amendment to Credit Agreement, dated as of December 20,
2018, by and among the Borrower, the Administrative Agent and the Lenders party thereto. 
 “Fourth Amendment
Effective Date” means the “Fourth Amendment Effective Date” as defined in the Fourth Amendment. 

(b)    Amendment to Section 2.18(a). Section 2.18(a) is hereby amended by
replacing the phrase “on not more than two occasions” with the phrase “on not more than two occasions following the Fourth Amendment Effective Date”. 

SECTION 3.    Effectiveness. This Amendment shall become effective on the date upon which
each of the following conditions has been satisfied (the “Fourth Amendment Effective Date”): 

(a)    The Administrative Agent shall have has received counterparts of this Amendment duly executed on
behalf of the New Lender, each Existing Lender, each Swingline Lender, each Issuing Bank and the Borrower. 

(b)    The Borrower shall have delivered to the Administrative Agent, a certificate of the Borrower dated
as of the Fourth Amendment Effective Date and executed by a responsible officer of the Borrower, certifying that, before and after giving effect to this Amendment, (i) the representations and warranties contained in Article III of the Credit
Agreement are true and correct on and as of the Fourth Amendment Effective Date, except to the extent such representations and warranties specifically refer to an earlier date (in which case, the Borrower shall certify that the such representations
and warranties were true and correct on and 

  
 2 

 
as of such earlier date), (ii) no Default or Event of Default exists or will exist, and (iii) no Material Adverse Change has occurred or is continuing. 

(c)    The Administrative Agent (or its counsel) shall have received a certificate of the Secretary or an
Assistant Secretary of the Borrower setting forth (i) certified copies of the resolutions of the Board of Directors or the Executive Committee of the Directors of the Borrower authorizing the execution, delivery and performance of this
Amendment and the extension of the Maturity Date effected hereby, (ii) the officers of the Borrower (A) who are authorized to sign this Amendment and each other Loan Document to which the Borrower is a party and (B) who will, until
replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with the Credit Agreement and the transactions
contemplated thereby, (iii) specimen signatures of such authorized officers, and (iv) the certificate of incorporation and by-laws or other applicable organizational documents of the Borrower (in
each case, together with all amendments thereto, if any), certified as being true and complete. 

(d)    The Administrative Agent shall have received a favorable written opinion (addressed to the
Administrative Agent and the Lenders and dated the Fourth Amendment Effective Date) of Vinson & Elkins LLP, counsel for the Borrower, in form and substance reasonably satisfactory to the Administrative Agent. The Borrower hereby requests
such counsel to deliver such opinion. 
 (e)    The Administrative Agent shall have received a favorable
written opinion (addressed to the Administrative Agent and the Lenders and dated the Fourth Amendment Effective Date) of a deputy general counsel or the general counsel of the Borrower, in form and substance reasonably satisfactory to the
Administrative Agent. The Borrower hereby requests such counsel to deliver such opinion. 
 (f)    The
Administrative Agent, the Lenders and the Arrangers shall have received all fees and other amounts due and payable to each such Person (including, without limitation, the fees and expenses of Paul Hastings LLP, as counsel to the Administrative
Agent) on or prior to the Fourth Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be
reimbursed or paid by the Borrowers pursuant to the Credit Agreement. 
 (g)    The Administrative Agent
and the Lenders shall have received, and be reasonably satisfied in form and substance with, all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering
rules and regulations, including but not restricted to the USA Patriot Act. 
 (h)    Each Exiting Lender
shall have received all payments pursuant to the Credit Agreement (including payments of principal, interest, fees and other amounts) due and payable to such Exiting Lender as of the Fourth Amendment Effective Date after giving effect to
Section 1 of this Amendment. 
 SECTION 4.    Effect of Amendment. 

(a)    On and after the Fourth Amendment Effective Date, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended by this Amendment. 

  
 3 

 (b)    The Credit Agreement and each of the other Loan
Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. 

(c)    The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided
herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, not constitute a waiver of any provision of any of the Loan Documents. On and after the Fourth Amendment Effective
Date, this Amendment shall for all purposes constitute a Loan Document. 

SECTION 5.    Counterparts. This Amendment may be executed in counterparts (and by
different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by
facsimile or other electronic image scan transmission shall be as effective as delivery of a manually executed counterpart of this Amendment. 

SECTION 6.    Governing Law; Jurisdiction. THIS AMENDMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK AND EACH BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK SITTING
IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK SITTING IN NEW YORK COUNTY, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT, OR FOR
THE RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT
PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY
LAW. NOTHING IN THIS AMENDMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AMENDMENT AGAINST ANY BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION. 
 SECTION 7.    Severability. In case any one or more of the provisions
contained in this Amendment should be held invalid, illegal or unenforceable in any respect, none of the parties hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable,
but the validity, legality and enforceability of the remaining provisions contained herein and in the Credit Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

[Signature Pages Follow] 

  
 4 

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

					
	ANADARKO PETROLEUM CORPORATION
		
	By:	 	 /s/ Michael C. Pearl

		 	Name:	 	Michael C. Pearl
		 	Title:	 	 Senior Vice President, Finance and
 Investor
Relations

  
 [Signature Page to
Anadarko Fourth Amendment] 

 Administrative Agent, 

							
	Lender and Swingline Lender:	 		 	JPMORGAN CHASE BANK, N.A.
				
		 		 	By:	 	 /s/ Debra Hrelia

		 		 		 	Name: Debra Hrelia
		 		 		 	Title: Vice President

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Lender:	 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION
				
		 		 	By:	 	 /s/ Borden Tennant

		 		 		 	Name: Borden Tennant
		 		 		 	Title: Vice President

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Lender:	 		 	BANK OF AMERICA, N.A.
				
		 		 	By:	 	 /s/ Kimberley Cole

		 		 		 	Name: Kimberley Cole
		 		 		 	Title: Associate

  
 [Signature Page to
Anadarko Fourth Amendment] 

									
	Lender:	 		 	MUFG BANK LTD. (FORMERLY KNOWN AS THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.)
				
		 		 	By:	 	 /s/ Todd Vaubel

		 		 		 	Name:	 	Todd Vaubel
		 		 		 	Title:	 	Director

  
 [Signature Page to
Anadarko Fourth Amendment] 

									
	Lender:	 		 	CITIBANK, N.A.
				
		 		 	By:	 	 /s/ Maureen Maroney

		 		 		 	Name:	 	Maureen Maroney
		 		 		 	Title:	 	Vice President

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Lender:	 		 	THE BANK OF NOVA SCOTIA, HOUSTON BRANCH
				
		 		 	By:	 	 /s/ Donovan Crandall

		 		 		 	Name: Donovan Crandall
		 		 		 	Title: Managing Director

  
 [Signature Page to
Anadarko Fourth Amendment] 

									
	Lender:	 		 	MIZUHO BANK, LTD.
				
		 		 	By:	 	 /s/ Donna DeMagistris

		 		 		 	Name:	 	Donna DeMagistris
		 		 		 	Title:	 	Authorized Signatory

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Lender:	 		 	SOCIETE GENERALE
				
		 		 	By:	 	 /s/ Diego Medina

		 		 		 	Name: Diego Medina
		 		 		 	Title: Director

  
 [Signature Page to
Anadarko Fourth Amendment] 

									
	Lender:	 		 	BARCLAYS BANK PLC
				
		 		 	By:	 	 /s/ Sydney G. Dennis

		 		 		 	Name:	 	Sydney G. Dennis
		 		 		 	Title:	 	Director

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Lender:	 		 	GOLDMAN SACHS BANK USA
				
		 		 	By:	 	 /s/ Ryan Durkin

		 		 		 	Name: Ryan Durkin
		 		 		 	Title: Authorized Signatory

  

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Lender:	 		 	 CREDIT AGRICOLE CORPORATE AND

INVESTMENT BANK

				
		 		 	By:	 	 /s/ Joseph Cariello

		 		 		 	Name: Joseph Cariello
		 		 		 	Title: Director
		 		 		 	
				
		 		 	By:	 	 /s/ Michael Willis

		 		 		 	Name: Michael Willis
		 		 		 	Title: Managing Director

  
 [Signature Page to
Anadarko Fourth Amendment] 

									
	Lender:	 		 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
				
		 		 	By:	 	 /s/ Nupur Kumar

		 		 		 	Name:	 	NUPUR KUMAR
		 		 		 	Title:	 	AUTHORIZED SIGNATORY
		 		 		 		 	
				
		 		 	By:	 	 /s/ Andrew Griffin

		 		 		 	Name:	 	Andrew Griffin
		 		 		 	Title:	 	Authorized Signatory

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Lender:	 		 	DEUTSCHE BANK AG NEW YORK BRANCH
				
		 		 	By:	 	 /s/ Ming K. Chu

		 		 		 	Name: Ming K. Chu
		 		 		 	Title: Director
		 		 		 	
				
		 		 	By:	 	 /s/ Virginia Cosenza

		 		 		 	Name: Virginia Cosenza
		 		 		 	Title: Vice President

  
 [Signature Page to
Anadarko Fourth Amendment] 

									
	Lender:	 		 	STANDARD CHARTERED BANK
				
		 		 	By:	 	 /s/ Daniel Mattern

		 		 		 	Name:	 	Daniel Mattern
		 		 		 	Title:	 	 Associate Director
 Standard Chartered
Bank

  
 [Signature Page to
Anadarko Fourth Amendment] 

 
			
	 SUMITOMO MITSUI BANKING CORPORATION

as a Lender

		
	By:	 	/s/ James D. Weinstein
	Name:	 	    James D. Weinstein
	Title:	 	    Managing Director

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Exiting Lender:	 		 	MORGAN STANLEY BANK, N.A.
				
		 		 	By:	 	 /s/ Michael King

		 		 		 	Name: Michael King
		 		 		 	Title: Authorized Signatory

  
 [Signature Page to
Anadarko Fourth Amendment] 

									
	Lender:	 		 	 THE STANDARD BANK OF SOUTH AFRICA LIMITED,

ISLE OF MAN BRANCH

				
		 		 	By:	 	 /s/ Pablo Gonzalez-Spahr

		 		 		 	Name:	 	Pablo Gonzalez-Spahr
		 		 		 	Title:	 	Executive

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Exiting Lender:	 		 	THE BANK OF NEW YORK MELLON
				
		 		 	By:	 	 /s/ Christopher Olsen

		 		 		 	Name: Christopher Olsen
		 		 		 	Title: Vice President

  
 [Signature Page to
Anadarko Fourth Amendment] 

									
	Lender:	 		 	ABN AMRO CAPITAL USA LLC
				
		 		 	By:	 	 /s/ Darrell Holley

		 		 		 	Name:	 	Darrell Holley
		 		 		 	Title:	 	Managing Director
		 		 		 		 	
				
		 		 	By:	 	 /s/ Kelly Hall

		 		 		 	Name:	 	Kelly Hall
		 		 		 	Title:	 	Director

  
 [Signature Page to
Anadarko Fourth Amendment] 

									
	Lender:	 		 	 CANADIAN IMPERIAL BANK OF COMMERCE, NEW

YORK BRANCH

				
		 		 	By:	 	 /s/ Trudy Nelson

		 		 		 	Name: Trudy Nelson
		 		 		 	Title: Authorized Signatory
		 		 		 		 	
				
		 		 	By:	 	 /s/ Donovan C. Broussard

		 		 		 	Name: Donovan C. Broussard
		 		 		 	Title: Authorized Signatory

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	Lender:	 		 	HSBC BANK USA, N.A.
				
		 		 	By:	 	 /s/ Benjamin Halperin

		 		 		 	Name: Benjamin Halperin
		 		 		 	Title: Managing Director

  
 [Signature Page to
Anadarko Fourth Amendment] 

							
	New Lender:	 		 	BMO HARRIS BANK N.A.
				
		 		 	By:	 	 /s/ Melissa Guzmann

		 		 		 	Name: Melissa Guzmann
		 		 		 	Title: Director

  

  
 [Signature Page to
Anadarko Fourth Amendment] 

 ANNEX I 

LIST OF COMMITMENTS 
  

									
	 Lenders
	 	Commitment	 	 	Percentage of
Commitment	 
	 JPMorgan Chase Bank, N.A.
	 	$	174,000,000.00	 	 	 	5.800000000	% 
	 Wells Fargo Bank, National Association
	 	$	174,000,000.00	 	 	 	5.800000000	% 
	 Bank of America, N.A.
	 	$	174,000,000.00	 	 	 	5.800000000	% 
	 MUFG Bank Ltd. (f/k/a The Bank of Tokyo-Mitsubishi UFJ, Ltd.)
	 	$	174,000,000.00	 	 	 	5.800000000	% 
	 The Bank of Nova Scotia, Houston Branch
	 	$	174,000,000.00	 	 	 	5.800000000	% 
	 Citibank, N.A.
	 	$	174,000,000.00	 	 	 	5.800000000	% 
	 Mizuho Bank, Ltd.
	 	$	174,000,000.00	 	 	 	5.800000000	% 
	 Société Générale
	 	$	174,000,000.00	 	 	 	5.800000000	% 
	 ABN AMRO Capital USA LLC
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 Barclays Bank PLC
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 Canadian Imperial Bank of Commerce, New York Branch
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 Crédit Agricole Corporate and Investment Bank
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 Credit Suisse AG, Cayman Islands Branch
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 Deutsche Bank AG New York Branch
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 Goldman Sachs Bank USA
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 HSBC Bank USA, N.A.
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 Standard Chartered Bank
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 Sumitomo Mitsui Banking Corporation
	 	$	140,727,272.73	 	 	 	4.690909091	% 
	 BMO Harris Bank N.A.
	 	$	140,727,272.70	 	 	 	4.690909090	% 
	 The Standard Bank of South Africa Limited, Isle of Man Branch
	 	$	60,000,000.00	 	 	 	2.000000000	% 
		 	  
	  
	 	 	  
	  
	 
	 TOTALS
	 	$	3,000,000,000.00	 	 	 	100.000000000	% 
		 	  
	  
	 	 	  
	  
	 

  
 Annex I 

List of CommitmentsExhibit 10.1

 

Sales Contract

 

Party A: Fit Boxx Trading Company Limited

 

Add.: Room F, 3F, Hung Wai Industrial
Building, 3 Hi Yip Street, Yuen Long, New Territories, Hong Kong

 

Party B: USAEXPRESS CO., LTD

 

Add.: Room 1003, 10F, Witty Commercial
Building, 1A-1L Tung Choi Street , Mongkok, Kowloon, Hong Kong

 

Both Parties hereby, with respect to matters
on the procurement of products for sale (hereinafter referred to as the “Products”) by Party B from Party A, confirm
the following content and agree to the terms as follows:

 

	1.	Confirmation
    of Items for Sale

 

	1.1	Party
    B shall send delivery requirements to/place orders with Party A by email, fax, WeChat, or other means, specifying the name,
    specifications, model, manufacturer, quanitty, unit price, amount, date of supply, and other data on the Products ordered.

 

	1.2	Party
    A shall check Party B’s delivery requirements/orders, and give a reply to Party B by email, fax, WeChat, or other means
    within five days.

 

	2.	Collection
    Arrangement

 

	2.1	The
    Products may only be collected or delivered within the territory of Hong Kong.

 

	2.2	Upon
    agreement by both Parties, Party B may collect goods at Party A’s warehouse, or Party A may deliver the Products to
    a receiving address designated by Party B in the order. Party B shall bear the costs arising from the collection or delivery
    of goods.

 

	2.3	Unless
    otherwise agreed to by both Parties, Party A shall deliver the Products to Party B within 15 working days.

 

	2.4	Party
    B shall begin to sell the Products upon its receipt thereof.

 

	2.5	After
    the collection or delivery of goods, Party B may not return relevant Products, unless any problem occurs in the customs declaration
    for the export thereof.

 

	3.	Terms
    of Settlement

 

	3.1	After
    both Parties have agreed on the arrangement for the collection or delivery of goods, Party A shall issue invoices to Party
    B based on the delivery data.

 

	3.2	Party
    B shall, after confirming that the number and amount of invoices are correct upon receipt thereof, make payments to Party
    A within 30 days.

 

	3.3	Full
    payments for goods shall be made by (cash) cheque, remittance and/or cash.

 

	4.	Other
    Liabilities and Confidentiality

 

	4.1	Party
    A shall ensure that the Products sold by it (including giveaways) operate normally, and are in compliance with the provisions
    of the laws of Hong Kong of product safety standards and intellectual property rights.

 

	4.2	Both
    Parties shall agree to closely supervise their employees in accordance with the Prevention of Bribery Ordinance, and
    prohibit them from soliciting, providing and accepting bribes.

 

	4.3	Both
    Parties shall comply with laws promulgated by the Hong Kong Special Administrative Region, and neither Party will bear any
    legal liability for any violation thereof by the other Party.

 

	4.4	Either
    Party is liable for ensuring that all commercial, technical, and financial information (including the content hereof) are
    kept confidential before any consent on the disclosure thereof is obtained from the other Party.

 

	5.	Termination

 

	5.1	Either
    Party may terminate this Contract by giving the other Party one month’s notice in a simple written form.

 

    

     

    

 

	5.2	This
    Contract will be terminated automatically under the following circumstances:

 

	5.2.1	Either
    Party applies for bankruptcy and liquidation; or

 

	5.2.2	Either
    Party is involved in business transfer or change of management

 

	5.3	Both
    Parties shall deal with problems in current accounts, pay remaining debts by cheque or transfer, and conduct inventory liquidation
    within 15 days after the termination hereof.

 

	6.	Legal
    Disputes

 

	6.1	The
    final interpretation of all terms hereof shall be vested in the courts in and governed by the laws promulgated by the Hong
    Kong Speical Region.

 

This Contract in made in two
copies, both of which shall have the same legal force and effect. Any supplementary agreements and appendixes hereto executed
subsequently shall also have the same legal force and effect as this main contract.

 

Date: Apr. 2015

 

	Party
    A: Fit Boxx Trading Company Limited	 	Party
    B: USAEXPRESS CO., LTD
	 	 	 
	(Seal: Fit
    Boxx Trading Company Limited)	 	(Seal: USAEXPRESS
    CO., LTD)
	 	 	 
	Authorized
    signature and company seal	 	Authorized
    signature and company seal
	 	 	 
	(Signature)	 	   
	 	 	 
	Name of signatory	 	Name of signatory
	 	 	 
	(Signature:
    Chen Yaoguang)	 	(Signature:
    Wang Yicheng)
	 	 	 
	 	 	 
	Title	 	Title
	 	 	 
	Director	 	Shareholder

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