Business Operations Agreement Between Zhejiang Kandi Vehicle Co., Ltd. and Zhejiang Yongkang Top Import & Export Co., Ltd.
Summary
This agreement is between Zhejiang Kandi Vehicle Co., Ltd. and Zhejiang Yongkang Top Import & Export Co., Ltd. It sets the terms for product pricing, payment, and order processing for the sale of ATVs. Kandi will process orders and provide invoices, while Yongkang will make payments based on agreed prices, with 83% due after receiving customer payment and the remainder after tax refund. Prices vary by market and product configuration, and adjustments are allowed for new products, price changes, or exchange rate fluctuations. The agreement is effective from October 1, 2005.
EX-10.1 3 f8k062807ex10i_stonemtn.htm AGREEMENT ON BUSINESS OPERATIONS f8k062807ex10i_stonemtn.htm
Agreement on Business Operations Between Zhejiang Kandi Vehicle Co., Ltd. & Zhejiang Yongkang Top Import & Export Co., Ltd.
In order to enhance the cooperation relationship between Zhejiang Kandi Vehicle Co., Ltd.(hereinafter referred as “Kandi”) and Yongkang Import & Export Co., Ltd. (hereinafter referred as “Yongkang”), to achieve win-win situation, after thorough consultation, the two sides have reached to an agreement on product price and payment and other business as follows:
Ⅰ Payment settlement: Production shall be carried out based on order that is a contract between the two sides. The two sides shall deal with payment according to settled prices on the agreement; Kandi shall sign and send back the order within one working day upon receipt of the order; if the products on the order is with standard configuration, the price can be settled as following price; sales to the domestic export trade companies or factories; invoice price will be indicated, Kandi shall provide invoice at the invoice price to export trade companies, while Kandi shall eventually settle with Yongkang at the following prices; according to provisions of the order, Yongkang shall make 83% of the payment to Kandi immediately after receiving the customer’s deposit or full payment, and make the remaining of the payment after tax refund:
Price settlement is as follows: RMB:USD=1: 7.8
| Prodcut Model | Product name | PriceⅠ( US$) | PriceⅡ( US$) | Notes |
| KD-49FM2 | ATV | 357.69 | 345.77 | |
| KD-49FM3 | ATV | 381.54 | 369.62 | |
| KD-150F | ATV | 870.38 | 834.62 | |
| KD-150GKA | ATV | 918.08 | 858.46 | |
| KD-150FS | ATV | 930.00 | 894.23 | |
| KD-150GKA-2 | ATV | 965.77 | 930.00 | |
| KD-150GKC-2 | ATV | 941.92 | 906.15 | |
| KD-250FS | ATV | 1,347.31 | 1,287.69 | |
| KD-250GKA-2 | ATV | 1,585.77 | 1,526.15 | aluminum rim |
| KD-250GKB-2 | ATV | 1,585.77 | 1,526.15 | aluminum rim |
| KD-250GKC-2 | ATV | 1,371.15 | 1,311.54 | |
| KD-250GKD-2 | ATV | 2,146.15 | 2,086.54 | |
| KD-970GKD-2 | ATV | 3,100.00 | 2,980.77 | |
| KD-970GKE-2 | ATV | 3,338.46 | 3,219.23 |
Ⅲ The above price Clause Ⅱ is for the American market and domestic export trade companies or factories, the price ClauseⅠis for other market.
Ⅳ Extra price is added for separate additional configuration increased in customer demand.
Ⅴ Payment for small order for below five units products shall be settled with the factory at the sales price of Yongkang.
Ⅵ The above prices are FOB tax-inclusive price.
Ⅶ If there are new products or price changes, " Confirmed Bill for Product Price " (Annex) established by the two sides shall prevail.
Ⅷ If the RMB exchange rate changes, the price shall be settled by the two sides through negotiation.
Ⅸ The price lists shall come into effect since October 1st, 2005.
Zhejiang Kandi Vehicle Co., Ltd Yongkang Import & Export Co., Ltd
Seal: Seal:
