12. SALES COMMITMENT AND COMMISSION
a. In order for the STOCKIST to enjoy the commission, stockist has to fulfill the required commitment as stated:
(i) In operation at the current premises.
(ii) Supporting local community for daily activities.
b. STOCKIST commission will be calculated based on Four Percent (4%) of the products Member Price (Calculated from Nett Price - price excludes local VAT).
c. The Four Percent (4%) commission will be reimbursed from the COMPANY to the STOCKIST after Fifteen (15) business days.
d. If the method of payment is changed from Cash to Credit Cards, any type of transaction that may arise bank fees, those charges will be responsible by STOCKIST and those would reflect in STOCKIST commission.