PLANT SUPPLY AGREEMENT
This plant Supply Agreement(the Agreement) is made and entered into this day of by and between ,a corporation organized and existing under the laws of having its registered office at (purchaser) and ,a corporation organized and existing under the laws of the Republic of Korea having its registered office at (Supplier)
WITNESSETH :
WHEREAS, Supplier possesses technical information and manufacturing skills with respect to ; and
WHEREAS, Purchaser desires to purchase from Supplier on a deferred payment basis and Supplier agrees to manufacture and supply on d deferred payment basis to Purchaser, a certain quantity of as more specifically described herein(the Commodities ) upon the terms and conditions set forth below.
NOW, THEREFORE, in consideration of the premises and mutual covenants hereinafter contained the parties hereby agree as follows :
Article 1. Definitions
In addition to the terms defined above, as used herein the following terms shall have the meanings set forth below :
Bill of Lading shall mean the bill of lading issued with respect to each shipment of the Commodities. Banking Day shall mean a day on which banks are open for business in Seoul, London and New York. Certificate of Acceptance shall have the meaning set forth in Article 6.2. Contract Price shall mean the aggregate amount of the instalments and the Principal Amount to be paid by Purchaser to Supplier hereunder, which such amount is United States Dollars(US$ ). Default Rate shall mean percent
(%) per annum. Dollars and the sign $ shall mean dollars In the lawful currency of the United States. Effective Date shall have the meaning set forth in Article 16. Event of Default shall have the meaning set forth in Article 9.1. Factory shall have the meaning set forth in Article 2.2,First Instalment shall mean the first payment to be made by Purchaser hereunder which such payment shall be in the amount |
2008.04.14
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