Product Acquisition Agreement

PARTIES:

1. MET FAB Manufacturing plc

Principal Registration No. BL/AA/2/0024705/2013
Bole Sub-city wereda 11 H.No. New Addis Ababa, Ethiopia
P. O Box _____________ Phone 251 911 172525 email :
Tax Identification No.
Contact Person Eng
Position General Manager
Phone No. 251 911 172525
Email :
Nature of Principal Business : Manufacturing & fabrication of
structured metal products
Bank Name:Commercial Bank of Ethiopia
Bank Account Name & No.:MET Manufacturing plc 1000415511659
Bank Code:______________________________________________________
Branch Code:____________________________________________________
SWIFT Code:_____________________________________________________
IBAN Code:______________________________________________________
(Hereinafter referred to as “Supplier”)

AND

2. _________________________________________
Principal Registration No. _____________________
_____________ Sub-city wereda ___ House No._______ Addis Ababa,
Ethiopia

P.O.Box ______________ Phone _______________

email:_____________________
Tax Identification No. ___________________
Contact Person :__________________________
Position :________________________________
Phone No.:________________________________
Email : __________________________________
Nature of Principal Business :
Bank Name:_________________________________
Bank Account Name & No.:_____________________________________
Bank Code:___________________________________________________
Branch Code:_________________________________________________
SWIFT Code:__________________________________________________
IBAN Code:___________________________________________________

(Hereinafter referred to as “Purchaser”)

II. GENERAL
1. General Conditions:
Whereas the Purchaser is desirous of purchasing the product’s
listed in annex “A” (Price quotation offered) to be installed at
the Purchaser’s site in Addis Ababa(Ethiopia)solely by the client.
Therefore, the purchaser under the conditions of this agreement
wishes to purchase from the supplier and the supplier accordingly
agrees, under the conditions of this agreement, to supply the
equipment’s listed in annex “A” to the purchaser. Subject to the
terms and conditions contained herein.

III. DUTIES
A] The Purchaser will:

1. Prepare and make ready the advance 30% down payments upon
signing of agreement and remaining prior to dispatch of
finished products.
2. Agree on an Implementation Schedule as per the deadline
indicated on the annex document with the Supplier before the
actual supply of the products begins.
3. Delegate the purchaser's operational personnel for whom a
first sample alphabet is submitted for approval before
proceeding.

4. Provide transportation,meals and accommodation for MKTY

personnel/s assigned for the system deployment and training
services.

B] The Supplier will:

1. Supply the products listed in annex “A” ready for installation
at the purchaser's site in Addis Ababa by the dates stated in
the annexure (Annex A).
2. Ensure all products are finished as per dimensions specified
on proforma invoice within the specified time frame.
3. Ensure supply of final products without diminishing the
quality of of the products before the deadline.
4. Allocating all the necessary tools and skilled man-power
required to perform completion within the specified time
frame.

IV. PRICING

1. Payment Terms:
Price quoted is in Ethiopian Birr to be picked up from the
supplier’s premises excluding freight, transaction, V.A.T and other
taxes as per the attached annex ‘ANNEX A’ price quotation document.

V. TERMINATION:
 1. Upon termination by either party, all copies of documentation
for the products shall be returned to the Supplier within
seven days with a Certificate of Return attesting to the same.

VI. LAW:

This Agreement is subject to Ethiopian Law and in the event of a

dispute between the parties then same will be submitted to the
exclusive arbitration tribunal consisting of three arbitrators, one
each to be appointed by the parties and the 3rd. who will be the
chairman to be appointed by the two arbitrators. The discussions of
the arbitrators shall be final and binding.

VII. NOTICES:
All notices to be given hereunder shall be given in writing, and
shall be deemed to be duly served, if sent by registered mail
addressed to the party concerned to its address as shown at the
head of this Agreement.
VIII. CONFIDENTIALITY:
Both parties shall treat all information (except to the extent that
such information is public knowledge or acquired from another
source other than as a result of any breach of this Agreement)
relating to any of this Agreement, the other party or the business
on the other party as confidential.

Neither party shall disclose such information to any third party or

use it for any purpose other than is necessary to perform its
obligations under this Agreement and the transactions contemplated
herein. In particular, but without prejudice to the generality of
the forgoing, the Supplier shall not compile disclose or use any
list other than for the purpose of performing its obligations under
this Agreement prior to the successful completion of the project.

IX. ENTIRE AGREEMENT:

This Agreement constitutes the entire agreement between the parties
hereto and the parties acknowledge that they have not entered into
this Agreement in reliance wholly or partly on any statement or
representation made to any of them by the other except as contained
or representation to herein. No variation or addition to this
Agreement and no waiver of any provision shall be valid unless in
writing signed by duly authorized officers of the parties. For this
purpose an authorized officer of the purchaser will be the
nominated Manager, or his superior(s) in the organization, and an
authorized officer of the Supplier who will hold the position of
General Manager. The terms of this Agreement shall apply to any
such variation or addition except as may otherwise be expressly
provided therein. No forbearance or indulgence by the Supplier or
the purchaser in enforcing any term of condition of this Agreement
shall prejudice either party's rights or powers under this
Agreement and no waiver of any breach shall operate as a waiver of
any subsequent or continuing breach.
Both parties have agreed and signed this contract on this date of
September 25, 2023 G.C

Signed on behalf of MET FAB Manufacturing plc “The Supplier”:

_______________________________
Authorized Signature

Date: ________________________

Signed on behalf of Inter Africa Advertising plc “The Purchaser”:

_______________________________
Authorized Signature

Date: _________________________

Witness

1. _________________________

2. _________________________

3. _________________________