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Third Party Distribution Agreement

Notwithstanding the transfer of ownership, the supplier retains a security interest in all products delivered until the amounts for which the distributor is responsible under this agreement are received by the supplier. The supplier has all the rights of a secure party, including the right to file a financing declaration under the Single Code of Trade or similar legislation within the territory to protect the supplier`s security interest. In the event of a delay in payment from the distributor, the supplier has the right to enter the distributor`s premises in order to recover the possession of all supplier products in these premises, to recover all supplier products supplied by the distributor to its customers and to associated supplies or software, and to pursue all other legal or legal or legal remedies. The distributor waives for itself and on behalf of its customers a preliminary hearing and the requirement to exercise these rights by the supplier. c. Disputes. The parties strive to resolve all disputes, controversies or claims arising from or related to this agreement, including, but not limited to, all disputes relating to the applicability of a provision, through good faith negotiations between them within days of the undertaking or a longer period that may be agreed between the parties. If the parties are unable to resolve the dispute within this time frame and one or both parties wish to pursue the dispute with one or both parties, the complainant must submit the dispute to binding arbitration in accordance with the rules and regulations of the American Arbitration Association. The parties share equally the cost of resolving such a dispute. The arbitr (s) does not have the power to grant claims for penalties or other damages that go beyond compensatory damages, and both parties irrevocably waive the right to such damages.

The verdict on the arbitrator`s award of arbitration can be rendered by any court competent in the dispute. In the event that the parties fail to reach an agreement on an arbitrator within a [numbers day] period, each party appoints an arbitrator and both arbitrators appoint a third arbitrator, with the third arbitrator acting as the sole arbitrator of the dispute.


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