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Contract No 018.006

Blackville 200__, February 24

The company Black Electronic Corporation, Blackville, USA, represented by Mr.J.P.Manson, General Manager, hereinafter referred to as the “Seller”

and

the company Jackson Ltd. Marketing, Reno, USA, represented by Mr.L.C.Parker, Commerce Director, hereinafter referred to as the “Buyer”, have concluded the present Contract to the effect that:

  1. Subject of Contract

The Seller sells and the Buyer buys the goods indicated in the Specification (Enclosure No 1), which is an integral part of this Contract. The goods should be delivered in accordance with Terms of Delivery.

  1. Prices and Total Sum of Contract

The prices for the goods are in US dollars as indicated in the Specification amount to $5,879 for each set.The total sum is $129,497 (one hundred and twenty nine thousand four hundred and ninety seven).The prices as per this Contract have been fixed firmly and are not subject to alteration.

  1. Terms of Delivery

Delivery of the goods shall be made СIF San-Francisco, International Airport. The goods are delivered according to the terms printed in the Specification (see Enclosure No 1) but not later than 20 days from the date signing of the Contract.The representatives of the Buyer make the inspection of the delivered goods before accepting them in respect of quality and quantity.Partial deliveries are authorized.

  1. Terms of Payment

The Buyer is obliged to make payment in US dollars. 100 per cent value of Contract is to be paid in advance to the Seller’s Bank in 10 days from the date of the Contract’s signing (as indicated in Enclosure No 1).

5. Insurance The Seller shall insure goods to be delivered on СIF terms against usual transport risks in accor-dance with the Insurance Agreement.

6. Guarantee

The Seller guarantees the quality of the delivered goods for 36 months from the date of putting the equipment into operation.If during the guarantee period the equipment proves to be defective, the Seller at his cost eliminates defects within the shortest possible time or replaces the defective equipment.

7. Packing and Marking

Each set of the goods shall be packed and marked according to the Buyer’s inquiry. Marking Information is the following:

1) Name of the Consignee; 5) Gross Weight;

2) Name of the consignor; 6) Net Weight;

3) Contract No (Code); 7) Box No.

4) Air Way Bill No;

8. Arbitration

All disputes and disagreements which may arise due to this Contract or in connection with it shall be settled through friendly negotiations between the parties. Disputes and disagreements that cannot be settled by parties through negotiations are subject to settlement excluding the court in the Federal Arbitration of California State in accordance with the law in force.The award shall be final and binding upon both parties.