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MARKETING DEVELOPMENT
AGREEMENT
between
Taiwan Kolin Company Limited
and
Syntax Groups Corporation
This Marketing
Agreement (“Agreement”) is made and entered into, by
and between Taiwan Kolin Company Limited, incorporated in Taiwan,
whose registered office is at 11/F No.86, Section 1, Chung
Ching South Road, Taipei, Taiwan (the “Supplier”), and
Syntax Groups Corporation, incorporated in the State of California,
the United States of America, whose registered office is at 20480
e. Business Parkway, City of Industry, CA91789, U.S.A. (the
“Customer”).
The Customer is
the sole distributor for the Supplier’s products in the
consumer electronic field, which includes but not limited with the
LCD/ LCOS TV product lien up; at the time of execution of this
Agreement an authorized 2.5% per each invoice dollar amount
(USD) in which will be calculated by the end of each month
will be issued and are fully paid and credit as fully paid as the
Market Development Fund from the Supplier to the
Customer.
The Supplier
has agreed to provide up to 2.5% per each invoices amount in the
efforts of the Customer in developing the entire America continent
markets upon the terms and conditions hereinafter
contained.
NOW, THEREFORE,
in consideration of the mutual benefits to be derived from this
Agreement, the receipt and sufficiency of which are hereto hereby
agree as follows:
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3
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ISSUE AND CREDITED
AMOUNT
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3.1
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The
CUSTOMER shall issue to the Supplier an invoice or debit memo by
the end of each month based on the current month total invoice
value of 2.5% as the Market Development Fund supported by the
Supplier to the Customer.
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Page 1 of 4
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3.2
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The
Customer shall provide the monthly total actual expenses to the
Supplier as the proof of the Market Development efforts conducted
during the current month.
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4
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EXECUTION
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4.1
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The
Supplier shall sign off the monthly debit memo provided by the
Customer execution of this Agreement:
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4.1.1
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This Agreement will be in full force
from March 1st 2003 with continued executions for each month till
the end of business relationship between the Su
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