DEALER AGREEMENT

KNOW ALL MEN BY THESE PRESENTS: This Agreement made and entered this ______ day o _______! "ity o _______ ! Phi#i$$ines! %y and %et&een ' AL-RAJI VENTURES HOLDING CORPORATION! as re$resented %y its "hie O$erating O i(er)E*e(+ti,e -i(e'President! "ONSTAN".O /0 LA1R.TO! &ith its $rin(i$a# $#a(e o %+siness at 233 "ity and Land Mega P#a4a! A5B A,en+e! (orner 1arnet Road! Ortigas "enter! Pasig "ity 6herea ter re erred to as 7"OMPANY78! and9 ___________________________________________! as re$resented %y its President! ___________________________! &ith its $rin(i$a# $#a(e o %+siness at ________________________________________! Phi#i$$ines! 6herea ter re erred to as 75EALER780

Witnesseth that: WHEREAS! "OMPANY is the a$$ointed e*(#+si,e distri%+tor &ithin the Phi#i$$ines o SOKO "o0! .n(0:s $rod+(ts ;no&n as .nd+(tion #am$s. WHEREAS! "OMPANY is desiro+s to o er to 5EALER the non'e*(#+si,e right to se## .nd+(tion #am$s in the $re erred trade area o res$onsi%i#ity and 5EALER here%y a((e$ts the o er to %e the "OMPANY:S dea#er9 WHEREAS! 5EALER here%y re$resents that it has (om$#ied &ith "OMPANY:s $re#iminary re<+irements at the time o the signing o this Agreement0

NOW THEREFORE! or and in (onsideration o the oregoing $remises! "OMPANY and 5EALER ha,e agreed to the o##o&ing terms and (onditions! to &it:

I.

PURPOSE

This Agreement is to esta%#ish 5EALER as a 5ea#er o "OMPANY &ith the e*(#+si,e right to se## the "OMPANY:s $rod+(t! in(#+ding $arts and a((essories! $arti(+#ar#y .N5="T.ON LAMPS OR L.1HT.N1S 6herea ter (a##ed 7.nd+(tion #am$s78 in the (ity)$ro,in(e o ______________! Phi#i$$ines! &hi(h is the trade area ser,ed %y 5EALER! and to esta%#ish the res$onsi%i#ities o the $arties0

II.

TERMS OF SALE

=$on a((e$tan(e %y "OMPANY o a 5EALER order or .nd+(tion #am$s! terms o $+r(hase &i## %e as set orth in this Agreement0 Pri(es and terms or Prod+(ts sha## %e those in e e(t on the date the "OMPANY a((e$ts the 5EALER order0 A## shi$ments are either >0O0B0! "0.0>0 or "0O050 "OMPANY &i## ha,e the right to (hange the .nd+(tion #am$s o ering and the terms and $ri(es there or at any time0

III.

CREDIT

The "OMPANY does not o er (redit terms0 Payments or goods &i## %e %y inan(ing arrangement! &ire trans er or (ash0

IV.

WARRANT

"OMPANY .nd+(tion #am$s are so#d s+%?e(t on#y to the a$$#i(a%#e "OMPANY standard $rinted &arranty in e e(t at the time o sa#e and s+(h &arranty sha## %e in #ie+ o a## other &arranties e*$ress or im$#ied0 5EALER is not a+thori4ed to ass+me! on "OMPANY@s %eha# ! any #ia%i#ities in (onne(tion &ith 5EALER@s sa#e o .nd+(tion #am$s other than as set orth in s+(h "OMPANY standard &arranty0 5EALER sha## indemni y and ho#d "OMPANY harm#ess &ith res$e(t to any 5EALER re$resentation %eyond those in s+(h "OMPANY &arranty0 "OMPANY ma;es no &arranty o mer(hanta%i#ity or itness or a $arti(+#ar $+r$ose0 =n#ess a di erent &arranty is made %y "OMPANY at the time o sa#e! "OMPANY standard &arranty is three 6A8 years rom the time o sa#e0

V.

DELIVER

"OMPANY sha## not %e res$onsi%#e or ai#+re to de#i,er .nd+(tion #am$s on time or to i## orders &hen s+(h de#ay or ai#+re res+#ts rom (a+ses %eyond "OMPANY@s (ontro#0

VI.

RESPONSI!ILIT OF DEALER

5EALER sha##: 6A8 A(hie,e a mar;et share! satis a(tory to "OMPANY or the .nd+(tion #am$s in the $rimary area o res$onsi%i#ity 6herea ter (a##ed 7PAR78 ser,ed %y 5EALER0 6B8 Maintain an in,entory o .nd+(tion #am$s in ;ee$ing &ith the sa#es $otentia# in 5EALER@s PAR and satis a(tory to "OMPANY0 6"8 Aggressi,e#y $romote the sa#e o .nd+(tion #am$s! thro+gh! %+t not #imited to! ad,ertising! o$en ho+ses! sho&s! ie#d demonstrations and other a$$#i(a%#e gatherings +sing
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"OMPANY a$$ro,ed ad,ertising and)or sa#es $romotion materia# and %y $arti(i$ation in ear#y order and other sa#es re#ated $rograms o ered %y the "OMPANY0 658 E*tend to 5EALER@s (+stomers "OMPANY@s a$$#i(a%#e standard $rinted .nd+(tion #am$s &arranty &hi(h is in e e(t at the time o retai# sa#e0 5EALER +nderstands that no other &arranty is e*$ressed or im$#ied0 6E8 Pro$er#y sta and train sa#es! ser,i(e and $arts $ersonne# &ith res$e(t to .nd+(tion #am$s0 6>8 .nsta## or (a+se the set +$ .nd+(tion #am$s o##o&ing "OMPANY@s standard insta##ation or set'+$ instr+(tions and e*$#ain $ro$er o$erating and sa ety instr+(tions to 5EALER@s retai# (+stomers! together &ith de#i,ery o a$$#i(a%#e &ritten o$erating and sa ety instr+(tions0 618 O%tain &ritten (onsent o "OMPANY i 5EALER intends to o$en any additiona# %+siness #o(ation or the sa#e or ser,i(e o .nd+(tion #am$s or or the $+r$ose o dis$#aying .nd+(tion #am$s at any #o(ation other than the %+siness #o(ation des(ri%ed a%o,e0 6H8 "are +##y store and (are or a## .nd+(tion #am$s or &hi(h 5EALER is inde%ted to "OMPANY +nder this Agreement and $rote(t the same rom damage or #oss rom any (a+se0 6.8 "oo$erate &ith "OMPANY@s $rograms or matters $ertaining to the administration o this (ontra(t0

VII.

NO COLLECTION OF PA MENT

5EALER sha## not (o##e(t $ayments rom its (#ients: or the $+r(hase o .nd+(tion #am$s0

VIII.

"UOTA

Sa#es E*$e(tation: ________ $er 6$eriod8 .tems: =nits:

>ai#+re to order ind+(tion #am$s or 3 (onse(+ti,e <+arters &i## res+#t in the "OMPANY re,ie&ing the (ontra(t to determine &hether to (ontin+e0

I#.

COMMISSION

5EALER sha## earn a (ommission o i,e $er(ent 6BC8 o the gross $ri(e or e,ery $ayment made on the $+r(hase o .nd+(tion #am$s0 5EALER sha## earn an additiona# (ommission o i,e $er(ent 6BC8 o the gross $ri(e o a## $ro$er#y insta##ed .nd+(tion #am$s or their insta##ation! or e,ery $ayment made thereon0

#.

E#CLUSIVIT

5EALER has the e*(#+si,e right to se## the "OMPANY:s .nd+(tion #am$s in the PAR! &hi(h is the (ity)$ro,in(e o _______________________! Phi#i$$ines0 Ho&e,er! 5EALER may se## .nd+(tion #am$s o+tside o its PAR in (ase "OMPANY dire(t#y dea#s or transa(ts &ith a (#ient)(#ients in another PAR &hi(h is a PAR o another dea#er9 Pro,ided! the dea#er o that PAR is gi,en the right o irst re +sa# and the said dea#er o the said PAR re +ses to transa(t &ith the (#ient)(#ients &ithin 3D days rom noti(e %y "OMPANY0 .t sha## %e +nderstood that sho+#d the "OMPANY dea# dire(t#y &ith Nationa# go,ernment agen(ies or de$artments and Nationa# a((o+nts! the e*(#+si,ity right o 5EALER does not a$$#y0

#I.

TERM

The term o this Agreement sha## %e or a $eriod o si* 6E8 months! (ommen(ing on the e e(ti,e date hereo 0 This Agreement sha## %e rene&ed +$on the e,a#+ation o "OMPANY or s+((essi,e terms o one year ea(h +n#ess either $arty sha## gi,e the other noti(e o non'rene&a# not #ess than ED days $rior to the end o the then (+rrent term or +n#ess this Agreement is other&ise terminated as $ro,ided herein0

#II.

TERMINATION

=n#ess other&ise $ro,ided %y #a&! either $arty may terminate this Agreement &itho+t (a+se and or any reason! +$on not #ess than ED days &ritten noti(e gi,en to the other $arty! $ro,ided that nothing (ontained herein sha## $re,ent "OMPANY rom immediate#y terminating this Agreement in the e,ent o %an;r+$t(y or inso#,en(y o 5EALER! 5EALER@s ai#+re to $ay any amo+nts o&ing "OMPANY &hen d+e! or 5EALER@s ai#+re to ho#d $ro(eeds o the sa#e o .nd+(tion #am$s in tr+st or "OMPANY! or 5EALER:s ai#+re to meet month#y order re<+irements0 =$on termination or any reason! a## amo+nts o&ed "OMPANY &i## %e(ome immediate#y d+e and $aya%#e0

#III.

TRADEMAR$S % TRADE NAMES

5EALER is here%y #i(ensed to +se "OMPANY@s name and trademar;s in the norma# (o+rse o distri%+ting "OMPANY@s .nd+(tion #am$s and $er orming re#ated ser,i(es +nder this Agreement0 5EALER agrees not to +se "OMPANY@s name as $art o 5EALER@s name or in any manner &hi(h &o+#d misre$resent the re#ationshi$ %et&een 5EALER and "OMPANY0 5EALER may re$resent itse# as an 7a+thori4ed dea#er7 o "OMPANY! and! &ith $rior a$$ro,a# o "OMPANY! may +se "OMPANY@s name and .nd+(tion #am$s re#ated trademar;s on signs or other ad,ertising or $romotiona# materia#0 5EALER@s #i(ense to +se "OMPANY@s name and trademar;s is #imited and 5EALER sha## a%ide %y restri(tions and #imitations im$osed %y "OMPANY rom time to time0 =$on termination o this Agreement! 5EALER sha## immediate#y (ease re$resenting itse#
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as a dea#er o "OMPANY and sha## (ease +se o a## "OMPANY names and trademar;s and any signs or other materia#! o &hate,er nat+re! identi ying 5EALER as a dea#er o "OMPANY0

#IV.

GENERAL

A0 5EALER is not an agent o "OMPANY nor is 5EALER a+thori4ed to in(+r any o%#igations or ma;e any re$resentations on %eha# o "OMPANY0 B0 This Agreement is %inding on the $arties! their heirs! e*e(+tors! administrators! s+((essors and assigns0 "0 5EALER may not assign this Agreement or any $ro,isions thereo to another dea#er or $arty &itho+t the &ritten a$$ro,a# o "OMPANY0 50 . any $ro,ision o this Agreement sha## %e he#d +nen or(ea%#e! then the remainder o this Agreement sha## not %e a e(ted there%y0 E0 No &ai,er %y "OMPANY o any de a+#t +nder this Agreement %y 5EALER sha## %e deemed a &ai,er o any $rior or s+%se<+ent de a+#t %y 5EALER here+nder0 >0 A## +nderstandings and agreements %et&een the $arties are (ontained in this Agreement &hi(h s+$ersedes and terminates a## other agreements %et&een the $arties0 The rights o either $arty $ertaining to .nd+(tion #am$s so#d %y "OMPANY to 5EALER +nder $re,io+s arrangements &i## %e go,erned %y this Agreement! $ro,ided! ho&e,er! that nothing (ontained in this Agreement &i##! in any &ay! a#ter or (hange the rights and o%#igations o the $arties $+rs+ant to any se(+rity agreements or other agreements $resent#y in e*isten(e0 10 "OMPANY reser,es the right to modi y and)or +$date this Agreement (onsistent &ith the modi i(ation and)or +$dating o a## agreements "OMPANY has &ith other simi#ar dea#ers! and re$#a(e or s+%stit+te s+(h modi ied or +$dated agreement or this Agreement and s+(h re$#a(ement or s+%stit+tion sha## not (onstit+te termination o this Agreement0 >ai#+re o 5EALER to e*e(+te s+(h re$#a(ement or s+%stit+tion agreement &ithin AD days o it %eing o ered sha## (onstit+te a+tomati( termination o this Agreement %y 5EALER0 H0 5EALER agrees that a$$#i(ation o any $ro,ision o this Agreement or re#ated do(+ments! or any other (hange im$#emented %y "OMPANY! i e<+a##y a$$#ied to a## other simi#ar "OMPANY dea#ers! sha## not (onstit+te a (hange in the (om$etiti,e (ir(+mstan(es o 5EALER0 .0 The "OMPANY reser,es the right to dea# dire(t#y &ith Nationa# go,ernment agen(ies or de$artments and Nationa# a((o+nts0 F0 This Agreement &i## %e go,erned %y the #a&s o the Phi#i$$ines0

6"OMPANY8 : AL-RAJI VENTURES HOLDING CORPORATION! as re$resented %y its "hairman! By:

5

________________________________ S=LTAN TOPAAN 5.T=AL 5.SOM.MBA "hairman 5ate ____________________

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&COMPAN . By: ____________________________

Tit#e _______________________________________ 5ate ____________________