Agreement On Business Operations

In order to enhance the cooperation relationship between Zhejiang Kandi Vehicle Co., Ltd.(hereinafter referred as "Kandi") and Yongkang Import & Export Co., Ltd. (hereinafter referred as "Yongkang ?), to achieve win-win situation, after thorough consultation, the two sides have reached to an agreement on product price and payment and other business as follows:



? Payment settlement: Production shall be carried out based on order that is a contract between the two sides. The two sides shall deal with payment according to settled prices on the agreement; Kandi shall sign and send back the order within one working day upon receipt of the order; if the products on the order is with standard configuration, the price can be settled as following price; sales to the domestic export trade companies or factories; invoice price will be indicated, Kandi shall provide invoice at the invoice price to export trade companies, while Kandi shall eventually settle with Yongkang at the following prices; according to provisions of the order, Yongkang shall make 83% of the payment to Kandi immediately after receiving the customer's deposit o ...