Dear Piti RE: DISTRIBUTOR AGREEMENT/ LETTER OF UNDERSTANDING – PERFORMANCE LOUVRES, THAILAND We have been through the distributor agreement simplifying the language and condensing the content, to form a suggested understanding of what we require to safeguard our and your interests in your role as distributor of our Performance Louvre Systems and our role as designer and principal. In terms of intent, we wish to ensure; 1. If we provide you with details of our Louvre Systems, these are not copied or replicated in whole or part 2. The branding applied to the systems e.g. INNIVATE Performance Louvres, is maintained. 3. To be kept informed of progress on work quoted 4. If we happen, for any reason, to cease this agreement, you will a. not compete with our products (Performance Louvres) for a minimum period of 24 months from the point of termination. b. Return all support materials and samples to us within 14 days from termination. c. Not redirect any existing quote of product enquiry away from the INNIVATE brand. d. Not disclose any information shared with you during the course of this agreement with any third party. In terms of intent, we believe you wish to ensure; 1. Exclusivity in the distribution of our products within the territory. During the course of the agreement, we will: 1. Provide you with quotes for the Louvre Systems priced in Singapore Dollars (S$) within 2 working days of receipt for standard quotes and within 5 working days for non-standard quotes. Obviously where possible we will endeavour to improve of these deliverables.
2 2. Provide you with technical support in form of visits to your territory, technical specifications, brochures, drawings, telephone/skype support, samples, etc. If there is any breach of this agreement, INNIVATE PTE LTD have the right to legally enforce their rights and apply an injunction and all resultant costs to PR Mongkutpetch Co. Ltd. The ‘Product’ is determined as ‘Performance Louvre’, whic