This Supply Agreement (the Agreement) is made and entered into this ____day
_____ by and between ______,a corporation organized and existing under the
laws of having its registered office at_____ (Purchaser) and _________,a
corporation organized and existing under the laws of the Republic of Korea
having its registered office at ____ (Supplier).
WITNESSETH:
WHEREAS, Supplier possesses technical information and manufacturing skills
with respect to _______; and
WHEREAS Purchaser desires to purchase from Supplier on a deferred payment
basis and Supplier agrees to manufacture and supply on a deferred payment
basis to Purchaser a certain quantity of_______as more specifically described
herein (the Commodities) upon the terms and conditions set forth below.
NOW, THEREFORE, in consideration of the premises and mutual covenants
hereinafter contained the parties hereby agree as follows:
ARTICLE 1. DEFINITIONS
In addition to the terms defined above, as used herein the following terms
shall have the meanings set forth below:
Bill of Lading shall mean the bill of lading issued with respect to each
shipment of the Commodities.
Banking Day shall mean a day on which banks are open for business in
Seoul, London and New York.
Certificate of Acceptance shall have the meaning set forth in Article
6.02
Contract Price shall mean the aggregate amount of the instalments and
the Principal Amount to be paid by Purchaser to Supplier hereunder, which
such amount is____ United States Dollars (US$ _____).
Default Rate shall mean ____ percent (___%) per annum.
Dollars and the sign $ shall mean dollars in the lawful currency of
the United States.
Effective Date shall have the meaning set forth in Article 16.
Event of Default shall have the meaning set forth in Article 9.01
Factory shall have the meaning set forth in Article 2.02
First Instalment shall mean the first payment to be made by Purchaser
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