PURCHASE AND SALE AGREEMENT
FOR
MEDICAL EQUIPMENT
Between the PARTIES,
FUJIFILM (Thailand) Ltd.
A corporation duly organized and existing under the laws of Thailand with registered address 388 S.P. Building, 8th Floor , Phaholyothin Road, Bangkok 10400, henceforth referred to as "Company" nd
……………………………..Co.,Ltd ,
A corporation duly organized and existing under the laws of Laos with registered address ………………………., Laos ……….,henceforth referred to as the "Buyer"
RECITALS:
WHEREAS, Company is in the business of selling and servicing Medical equipment; and
WHEREAS, Buyer desires to purchase such equipment.
NOW, THEREFORE, in consideration of the mutual agreements and covenants contained therein and for other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, it is mutually agreed and covenanted by and between the parties to this Agreement, under seal, as follows:
1. Sale of Medical Equipment. Company hereby sells to Buyer and Buyer hereby purchases from Company the equipment described on Exhibit A attached hereto and incorporated herein, and licenses the software contained therein (hereinafter "Equipment").
2. Purchase Price. Buyer shall pay to Company for the Equipment and for all obligations specified herein, as full and complete consideration therefore, the sum of __________________ (Prices are in Thai Bath, exclude VAT) (hereinafter "Purchase Price").
3. Payment. Payment of the Purchase Price shall be made by Buyer to Company. Buyer shall make all payments by wire transfer to the account designated Company in accordance with the following schedule:
A. Pay down payment fifty Percent (50%) of the Purchase Price upon signing agreement date;
B. Fifty Percent (50%) of the Purchase Price at the time of receipt of the Pro-forma invoice issued before delivery.
4. Delivery. Delivery of the Equipment to Buyer by Company, at Company's sole cost and expense, shall be made within 120 days after receipt of a purchase order (hereinafter "Delivery Date"). The Equipment shall be packaged appropriately and all cartons shall be clearly stamped with Buyer's Purchase Order Number. Buyer must be able to identify easily all items of the Equipment contained within each carton. Delivery of the Equipment in an undamaged condition to Buyer's Installation Site shall constitute "Delivery" to Buyer. Risk of loss during transit shall remain with Company.
5. Training. Prior to Acceptance of the Equipment or at such other time as the parties may mutually agree, Company shall provide, at no cost or expense to Buyer, training in operation of the Equipment for employees designated by Buyer.
6. Software. Company hereby grants to Buyer a LIMITED, NONEXCLUSIVE LICENSE and/or SUBLICENSE (hereinafter “License”) to use the software identified in Exhibit A hereof (hereinafter “Software”) in connection with the sale of Equipment.
A. License Fee. Any charge for the License is included in the Purchase Price set forth in Paragraph 2 of this Agreement.
B. Software Support Fee When a warranty has expired. Buyer must pay the full amount of the Software Support Fee every year to maintain its rights and to obtain Software Support. Software Support Fees shall be based upon the transfer pricing as set forth in the Transfer Price List to be submitted by the Company to Buyer. The fees specified in this Agreement do not include taxes, duties, or other fees.
C. Updates. During the Warranty Period, Company shall provide any maintenance support services to Buyer, without additional charge, any and all routine Software changes and updates intended to provide general improvements to the performance of the Equipment that are announced by Company.
7. Warranty
Warranty of the Equipment shall be only for the damage arising consequently as a result of the fault of the production which shall be for a period of Two (2) year from the completion date of the installation except the damage arising as a result of an improper use, a failure to comply with the instructions prescribed in the Product Manual, the product having been modified and repaired by a person not being an Engineer of the Company,
Damage caused by accident, improper or negligence , the product being damaged by a natural such as fire, flood, wind, earthquake, or lightning, etc.; or Deterioration due to normal wear and tear.
8. Patents and Copyrights.
Company warrants that it owns the Equipment, Software, and Documentation and that it has the rights in the Equipment, Software and Documentation granted hereby. Company further warrants that the Equipment, Software and Documentation shall be delivered free of any rightful claim of any third party for infringement of any patent, copyright, trade secret, or other intellectual property right. Company shall indemnify and hold harmless Buyer and its under its control, and their trustees, officers, employees and agents, against any and all losses, liabilities, judgments, awards and costs (including legal fees and expenses) arising out of or related to any claim that Buyer’s use or possession of the Equipment, Software or Documentation pursuant to and for the purposes set forth in this Agreement, or the license granted hereunder, infringes or violates any patent, copyright, trade secret, or other proprietary right of any third party. Company shall defend and settle at its sole expense all suits or proceedings arising out of the foregoing, provided that Buyer gives Company notice of any such claim of which it learns. No such settlement which prevents Buyer from continuing to use the Equipment and Software as provided herein shall be made without the Buyer’s prior written consent. In all events, Buyer shall, at its own cost and expense, have the right to participate in the defense of any such suit or proceeding through counsel of its own choosing.
9.. Court of Jurisdiction; Governing Law
1. This Agreement shall be governed by and construed in accordance with the laws of Thailand.
2. All action and proceeding arising out of or in connection with this Agreement shall be brought exclusively in the Thailand Courts. The company and the Licensee each hereby agree to submit to the jurisdiction of the Thailand Courts in any action or proceeding.
10. Confidentiality. The parties shall hold in strictest confidence any information and material which is related to either Buyer's or Company's business or is designated by either Buyer or Company as proprietary and confidential, herein or otherwise. It is understood that this confidentiality clause does not include information which: (i) is now or hereafter in the public domain through no fault of the party being provided the confidential information; (ii) prior to disclosure hereunder, is property within the rightful possession of the party being provided the confidential information; (iii) subsequent to disclosure hereunder, is lawfully received from a third party with no restriction on further disclosure; or (iv) is obligated to be produced under order of a court of competent jurisdiction, unless made the subject of a confidentiality agreement or protective order in connection with such proceeding, which the parties in all cases will attempt to obtain. Buyer and Company hereby covenant that each shall not disclose such information to any third party without prior written authorization of the other. Company further covenants not to disclose or otherwise make known to any party nor to issue or release for publication any articles or advertising or publicity matter relating to this Agreement in which the name of Buyer or any of its affiliates is mentioned or used, directly or indirectly, unless prior written consent is granted by Buyer.
To the extent that Company receives confidential patient information from Buyer, Company covenants that it will protect such information in accordance with a Business Associate Agreement to be executed by the parties.
This Agreement is made in duplicate and both parties have read, fully understood the contents therein and agreed upon the objectives and scopes of the Agreement.
IN WITNESS WHEREOF, the Parties have signed this Agreement on the May………., 2015.
For and on behalf of For and on behalf of
FUJIFILM (Thailand) Ltd. (Buyer) ……………………………….
FUJIFILM (Thailand) Ltd. Buyer……. Co., Ltd
388 S.P Building, 8th Floor Address….
Phaholyothin Road, Samsennai, Phayathai,
Bangkok 10400, Thailand
Signature Signature
Taisuke TARUMI Name
Managing Director Title Managing Director