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OVERSEAS AGENCY AGREEMENT An Agreement is hereby signed between Win & Win Global Logistics Limited And: ************** To cover the following: 1. The agreement is effective since ...... 2 Both parties will conduct business with mutual representation on a NONEXCLUSIVE basis under reciprocal matter. 3. Unless pre-arrangement has been made and agreed upon by both parties, all incoming Master Air Waybill should be prepared on a “PREPAID” basis; Master Ocean Bill of Lading will be negotiated case by case. 4. Both parties agree to provide each other with reasonable, market-competitive freight rate obtained from respective major airlines or ocean liner. It is also understood that both parties, upon their limitations, should provide each other with “SALES LEAD”. 5. On shipment under routing order, both parties agree to share the profit made on each shipment on a 50%/50% (fifty percent) basis. Calculation of profit would be resulting from difference between Buying Cost and Selling Revenue. 6. Both parties agree to settle through Telegraph Transfer to each other all outstanding balance arises from business transactions of the previous month on the 15th day of present month. An example of such is that March payment of any year due each other should be paid in full by the 15th day of April of the same year. The Credit Limitation is USD**** (US Dollar **** Thousands) and the excess portion should be arranged in advance and immediately. In view of giving clear picture for the accounting sector; the agents implement the standard procedure AS FOLLOW; The agents confirm they have carefully read and understand the content. The procedure will be taking effective upon sign-off the Agency Agreement. Each office of the agents will send out the monthly statement on/before 7th of the following month, covering all debits and credits amount of transaction in previous month,based on INVOICE DATE. The confirmation of monthly statement from both parties are required. If there is no CONFIRMATION received in 5days after sending the SOA, the statement will be treated as in order. And the future adjustment request is possible to be rejected by both parties. The payment must be made on/before 15th or no later than 25th ( as remedy if settlement on 15th is failed for certain reason) on each month in full settlement of outstanding amount of previous month’s statement , unless there is pre-agreement reached by both parties. All payment shall be made by swift transfer; and in case of particular cases, other ways may be agreed such as West Union or Company check. All After a period of good cooperation, the agents will discuss to increase credit limit Duties,Taxes paid to customs should be remitted immediately. gradually and revision of agency agreement or additional "Credit Application" will be fulfilled. 7. Both parties will stipulate and agree upon the Break-Bulk Fee or Handling Fee on any in-bound shipment. 8. This agreement will become and remain valid and binding on both parties until and unless notice of termination in writing is received by either party sixty (60) days prior to actual termination date. Win & Win Global Logistics Limited. Room807#, Jazz Building A Jiabin Road, Luohu District Shenzhen 518001 Tel:86-755-22249590 Fax:86-755-22249597 Email:[email protected] ____________________________ Signature Title ______________________________ Signature Title