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Agreement for Registered Members of FnFnet

       In order to protect the legal rights and benefits of FnFnet (hereinafter referred to as ¡°Party A¡±) and the customers who order online (hereinafter referred to as ¡°Party B¡±), and in compliance with the Law of Economic Agreements of the People¡¯s Republic of China and other applicable law, Party A and Party B have negotiated amicably on the matter of online transactions and have agreed to execute an agreement based on the following terms:

I.

Party A¡¯s Rights and Obligations:

  Rights:
 

1.

Party A has the right to collect, within five business days from the closing date of the online transaction, a commission equal to 1% of the closing amount.

 

2.

Party A has the right to assist in supervising the delivery of samples and the compliance with the terms of the Agreement.

 

3

Party A has the right to charge the membership fee of US$300.00 per year after the 5 day trial term.

     
  Obligations:
 

1.

Party A shall provide online trading system, free of charge, including the latest market information, price quotations, counter-offers, electronic order forms, etc.

 

2.

Party A may provide other accompanying trade services, such as acting as the agent for import/export matters and performing sample identification and verification.

   

a.       Recommending import & export company.

b.      Providing tracking services, following up on each step of the online transaction.   

     

II.

Party B¡¯s Rights and Obligations:

 

Rights:

Party B has the right to enjoy all the services provided by Party A.

 

Obligations:

 

1.

Party B shall comply with the sample delivery requirements as negotiated and agreed to by both parties.

 

2.

Party B shall comply with the terms of the purchase contract executed by Party B and the importing party.

 

3.

Party B shall provide applicable information to assist the import/export company selected by Party A to obtain all the foreign trade documentation, including contract, invoice, packing slip, certificate of origin, quality confirmation, product analysis, MSDS, bank certificate, certificate of insurance, and applicable approvals. All documentation, information, transportation cost and insurance premium sharing method to be provided by Party B may be listed in detail in the agreement executed by Party B and the import/export company.

 

4

Party B shall pay the membership fee of US$300.00 per year after the five day trial term.

III.

Method of Payment:

 

Within five days after the confirmed closing date of the transaction, Party B shall pay in full all fees due via wire transfer or bank account transfers. This provision only applies to transactions where Party A is actually involved in the trading procedures of Party B.

IV.

Alteration and Termination of Agreement:

 

1.

Once the Agreement is in force, it will become a legally binding instrument, which neither party may unilaterally alter or terminate. To terminate the Agreement, both parties must negotiate and execute a supplementary agreement, which will become part of the Agreement.

 

2.

Alterations or termination of the Agreement may take place if it becomes impossible to carry out a part or the whole of the Agreement due to major changes in national policies or other causes of force majeure.

V.

Resolution of Disputes:

 

1.

This Agreement is governed by the Contract Law of the People¡¯s Republic of China and other applicable law. In the event of any dispute between Party A and Party B on matters not included in this Agreement, or disputes about this Agreement, and no settlement is reached after negotiations, such disputes shall be submitted to the Guangzhou Arbitration Committee for arbitration. Both parties shall agree to be bound by the final decision in the arbitration, and to comply with such decision. Both parties shall agree that, with exception of the matters under dispute, the remainder of this Agreement shall continue to be in force and in effect during the time the dispute is being resolved.

 

2.

Party A is responsible for assisting in the resolution of financial disputes between Party B and a third party or the import/export company during the time the merchandise is being imported/exported.

VI.

Matters not included in this Agreement shall be resolved through negotiation.


Party A£ºFNFNET LIMITED.                          Party B:
Party A¡¯s Representative: Party B¡¯s Representative:
Bank: the Hongkong & Shanghai Banking Co.,Ltd Bank:
Party A¡¯s Bank Account: 500-791033 Party B¡¯s Bank Account:
Date: Date:

Please enter the ¡°usage of remittance¡± as online service fee.