Merchant Agreement

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Merchant Cooperation Agreement

Party A and Party B have reached the following agreement on the supply and service provision of the Yixin cross-border mall online seller (hereinafter referred to as the platform) through equal and friendly negotiation, and are willing to On this basis, the two sides will observe, cooperate friendly, support each other and develop together.

1. Party A agrees that Party B will become Party A’s cross-border e-commerce platform supplier.

This agreement shall take effect immediately from the date of signing, until either party proposes to terminate the agreement. If Party A or Party B wants to terminate the agreement, it must give the other party no less than three months’ written notice before terminating the agreement to be effective.
Note: After termination, if all consignment goods of Party B have been sold, Party A shall settle to Party B according to the agreement procedure. For other commodities that have not been sold before, Party A may arrange for Party B to leave Hong Kong on behalf of Party B. (The toll and customs clearance fees for deportation shall be borne by the party that proposes to terminate the agreement)

2. The currency involved in this contract is Hong Kong dollars.

3. Party B promises to provide original and genuine goods for Party A’s platform so as to be suitable for sale on the platform.
The supply is in the form of consignment. The goods must first declare the domestic customs filing information, and provide the appropriate product photos, and enter the warehouse after approval.

4. The cooperation method of both parties:

1. Party A is responsible for commodity logistics, customs declaration, registration, product information entry and filing on the platform.
2. Party B is responsible for inspecting each batch of commodities, recording source information, expiration date, and guaranteeing the original and authentic products to safeguard the interests of platform terminal customers and their own products. And maintain the sales image of the product brand and platform. 3. Party A is responsible for listing, mall operation, merchandise sales and customer service transfer through this platform.
4. Party B needs to pay attention to the product sales period. For products that are about to expire, they must coordinate with Party A for quick sales promotion 9 months ago.
5. The price of the goods and the profit distribution of the parties:
i. Party B provides a quotation for each item as the consignment price of Party A. And can provide a platform to build a retail habit. Party A and Party B will settle at the consignment price after the goods are sold.
(The final retail price can be determined by Party A or by consulting Party B first. For example, fast-selling events on festivals, rising costs, etc.)
ii. After the merchandise is sold, Party A will determine the price The consignment price is settled in Hong Kong. Both parties use a natural month as the reconciliation settlement cycle or the sale of goods will be settled once every two weeks, depending on the volume and amount of the sales order.
iii. The retail price on the platform already includes all China and Hong Kong operating expenses of Party A and the fees of its partners. It also includes commissions for agents and distributors, system maintenance and upgrades, basic domestic packaging materials and labor.
iv. Party B does not need to pay any import taxes, other domestic taxes, and domestic order express fees, which are borne by domestic customers in accordance with national regulations.
v. Party B is only responsible for the logistics customs clearance costs from Hong Kong to Zhuhai. The fees are as follows
vi. Fees:
a. The one-time initial fee of 10,000 yuan has been exempted. (Limited to purchase within 2022)
b. Xuanfu promotion fee (negotiable)
c. Logistics fee and entry declaration fee: from Hong Kong to Zhuhai Bonded Warehouse, (calculated by 3 tons of vehicles, About five thousand yuan per vehicle. The cargo starts from one thousand yuan per board, and the minimum charge is HKD500.00 packaging fee and Hong Kong small delivery) (Accountable)
d. Warehousing fee: HK$ per square meter/space per month From 50 yuan. (If applicable)
e. Settlement manual fee: Calculated by bank charges or WeChat payment fee. (Please consult Party A for details)
f. Other value-added services can be transferred according to business development, and both parties shall determine the requirements and quotations in writing. (Such as product platform Meitu design, short film production, etc.)
g. For glass packaging products or special packaging products, domestic express companies may require additional protective packaging materials or additional packaging charges. (Or increase the selling price to offset it.)

Five. Rights and Obligations:

1. Both parties must jointly maintain the sales image of the platform. Based on genuine products and high-quality services.
2. Party B guarantees the legitimacy of the goods on consignment and assumes all responsibilities for all the products provided, including not limited to intellectual property rights, product quality, etc.
3. Party A and Party B can jointly discuss the market tin sales strategy for the products sold by Party B, and can cooperate in quick sales activities and product brand promotion. The promotion is voluntary, and the cost is quoted per activity.
4. Both Party A and Party B allow each other to use their own trademarks for media promotion. Party B also agrees that Party A uses its own product pictures for media promotion.

Six. Distribution:

1. The logistics and distribution methods of the goods are agreed by both parties: Party A is responsible for entrusting the Hong Kong and Zhuhai logistics company to provide warehousing, and the domestic express company’s delivery to consumers goods.
2. Party B needs to coordinate with Party A in advance for the delivery of the goods in Aberdeen, and the industry will provide packing covers to arrange transportation to Zhuhai for warehousing. And attach the receipt of receipt stamped to sign for receipt.
3. Party A and the Zhuhai Bonded Warehouse (official property) will jointly maintain the safety and responsibility of the goods.

7. Commercial Confidentiality Clause:

1. Both parties are obliged to keep confidential any trade secrets of the other party that they learn under this agreement, and either party is requested at all times Do not disclose the trade secrets of the other party to a third party, and do not disclose to any third party without the written permission of the other party.
2. At least 3 years after the termination of this agreement, both parties still have the obligation of confidentiality under this clause.

8. Termination of the agreement:

1. Either party may notify the sealing party in writing to terminate this agreement within the specified notice period. If there are no special regulations, the notice period should be three months.
i. Reconsider any terms and conditions listed in this agreement.
ii. Termination of business or application for liquidation.

Nine. Dispute Resolution:

1. All disputes arising from the execution of the agreement or related to the contract shall be settled through friendly negotiation to avoid legal consequences.
2. This agreement and its annexes are in Chinese. There are two originals, both of which have the same legal effect, and each party holds one copy as proof.
(Note: If the above charging standards are adjusted, Party A will notify Party B separately before entering the warehouse.)

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