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Brokerage Agreement - 2 - 2
Brokerage Agreement - 2 - 2
AND
AND
Agreed as follows:
1. The Brokers hereby agree to use his best efforts to introduce and to secure for
the Company, one or more "Transactions" as defined hereunder , for the
acquisition of UREA or another chemical products, ingredients or other goods
or products, performed by the Company or any of its related portfolio
companies.
(a) The term "Transaction" shall mean a contract that is fully executed, to
acquire Urea Prills or any other goods (hereinafter “The Merchandise”),
which has been supplied by the Company and/or by any other entity via
the company’s connections. All parameters of eventual Transactions will
be additionally disclosed in Annexes to the present agreement
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(b) The term “Company” shall include any body associated or connected to the
company set forth above including any of their portfolio companies.
(c) The term Buyer shall include any body associated or connected to “The Brokers”
set forth in additional Annexes to the present agreement to every specific
transaction.
(d) The term Agent shall include any body associated or connected to “The Brokers”
set forth in additional Annexes to the present agreement to every specific
transaction.
3. In consideration of the performance of the Brokers' services, the Company shall
pay remuneration as follows:
4. In the event the Company subcontracts to, authorized third party purchases,
assigns, transfers purchasing responsibility, etc., the assigned, subcontracting
company will automatically be a full commission account to The Brokers.
5. Commissions shall be paid within 7 days of the payment to the Company by the
Client, or any individual or company referred or nominated by the Company, of
any consideration on the account of any net Transaction.
6. The Brokers are hereby appointed as the sole and exclusive independent sales
representative of the Company for the deal brought under the present agreement
or Annexes to it. The Brokers also acquire exclusive rights for future deals that
may arise by and between the Company and the Client that will be secured from
The Brokers only under present agreement or Annexes to it only for this Client.
7. Also the Company will assist The Brokers by supplying copies of contracts,
quotation requests, quotations, sales leads, purchase orders, invoices,
correspondence or any other pertinent information or any other related
documents in case of submitted agreement. The Company fully understands the
need for this information and will provide this information in a timel y and
efficient manner.
8. The Brokers will not disclose confidential information received from the
Company or any of it's portfolio companies or any information relating to any
negotiations conducted hereunder, except insofar as the same shall be necessary
for the conduct negotiations, and with the prior permission of the Company.
8.1. All outstanding unprocessed requests for quotes or orders shall be considered
belongings of The Brokers.
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10. In case of any objective hindrances for the performance hereof, this contract shall
be cancelled by right with the party affected by such hindrances sending a
notice to the other party
11.1. The agreement shall be terminated before the set term with mutual written
consent of both parties.
11.2. The agreement can be terminated with a 2-months written notification from any
party. Upon the termination of the agreement as of present article The Brokers
shall receive full commissions on all proved shipments made to the BYUER or
approved by an Arbitrage court.
12. This Agreement constitutes the full agreement and understanding of the parties
with respect to the subject matter hereof, and supersedes any prior or
contemporaneous agreement or understanding. No amendment or modification
of this Agreement shall be binding unless in writing and signed by the Brokers
and the Company.
The present is made in three identical copies, one for each party.
IN WITNESS WHEREOF the parties have hereunto set their hands the day and the
year first above written.
___________________________ _________________________
1 st BROKER THE COMPANY
___________________________
2 nd BROKER