Exclusive Distribution Agreement between TRANS-TRADE CAPITAL, LLP and KARNET CORP.

Summary

This contract is between TRANS-TRADE CAPITAL, LLP (the Seller) based in London, UK, and KARNET CORP. (the Distributor) based in Saint-Petersburg, Russia. It grants KARNET CORP. the exclusive right to market and sell the Seller’s products in a specified territory. The Distributor must purchase products for resale and pay the Seller within 90 days of customs release, with a total contract value of $1,000,000. Payments can be made in US dollars or Euros. The agreement remains in effect until all obligations are fulfilled.

EX-10.3 7 ex10-3.txt DISTRIBUTION CONTRACT Exhibit 10.3 TRANS-TRADE CAPITAL, LLP London, UK Distribution Contract Between SELLER, " TRANS-TRADE CAPITAL, LLP " corporation with principal office in London, UK, ("SELLER") and DISTRIBUTOR, "KARNET CORP.", with a principal place of business in Saint-Petersburg, Russian Federation. ("DISTRIBUTOR") 1. The Distributor sells in its own name and for its own account, in the Territory, the Products supplied by the Seller. 2. If Seller is contacted by any person or entity inquiring about the purchase of Products in the Territory (other than Distributor or a party designated by Distributor), Seller shall refer such person or entity to Distributor for handling. 3. If Seller now or hereafter manufactures or distributes, or proposes to manufacture or distribute, any product other than the Products, Seller shall immediately notify Distributor of that fact and of all details concerning that product. Distributor may request from Seller distribution rights for that product in the Territory, or any portion thereof, and if so requested, Seller shall grant such distribution rights to Distributor on terms and conditions no less favourable than those provided in this Contract with respect to Products. 4. The Seller grants and the Distributor accept the exclusive right to market and sell the Products in the Territory. The Seller is obliged to supply the Products and the Distributor is obliged to accept and pay on terms, defined by the present Contract. 5. All Products purchased by Distributor shall be purchased solely for commercial resale, excepting those Products reasonably required by Distributor for advertising and demonstration purposes. 6. Total cost of the Contract amounts USD 1,000,000 (one million dollars US) and is defined on the grounds of the invoices or accounts, billed by the Seller. 7. The Distributor has 90 days to makes payment in the form of bank transfer on the account of the Seller after shipment is released from customs. The payment for the Goods according to this Contract can be made in the form of prepayment on the basis of the invoices, presented by the Seller, or after receipt of the Goods by the Distributor. Convenient 8. The payment for the Goods can be made in dollars US or Euro. If the Buyer makes the payment in Euro, the Parties conduct re-calculation on dollars US. The rate of the currency exchange is the National Bank of Russia official rate of the currency exchanges upon the date of payment. 9. Bank charges are at the expense of the Buyer or the Seller. 10. The Contract becomes valid since the moment of signing till its complete fulfillment. /s/ Sergey Gymenchyk April 15, 2014 ------------------------------------------- -------------- TRANS-TRADE CAPITAL, LLP - Sergey Gymenchyk Date: /s/ Aleksandr Chuiko April 15, 2014 ------------------------------------------- -------------- President of Karnet Corp - Aleksandr Chuiko Date: