exclusive agency agreement

An Agreement made this ____________________, 2008 between: Francisco Rodríguez,

(hereinafter called “the Principal”) for

Windtech Paragliders
7, 33201 GIJON - Spain - PO Box 269 33280
Tel: +34 985 357 696 · Fax: +34 985 340 778

and
Malcolm Vargas, (herein after called “the Agent”)
5F 396 Chung Hsin Rd Sec 3 ,
Dzu Dong , Hsinchu Hsien Taiwan ROC
Tel: 886 911 158 352, heart_of_taiwan@yahoo.com

Whereby it is agreed as follows:

1. The Principal appoints the Agent as and from the __17th January, 2008 _to be its Sole and
exclusive Agent on Taiwan (hereinafter called “the area”) for the sale and service of paragliding
equipment manufactured by the Principal and such other goods and merchandise (all of which are
hereinafter referred to as “the goods”) as may hereafter by mutually agreed between them.
2. The Agent will during the term of 2 years (and thereafter until determined by either party
giving three months’ previous notice in writing) diligently and faithfully serve the Principal as its
Agent and will endeavor to extend the sale of the goods of the principal within the area.
3. The Agent shall not sell any of the goods to any person, company, or firm residing outside the
area, nor shall he knowingly sell any of the goods to any person, company, or firm residing within
the area with a view to their exportation to any other country of area without consent in writing of
the Principal.
4. Upon receipt by the Agent of any order for the goods the agent will immediately transmit such
order to the Principal who will execute the same by supplying the goods direct to the agent or
customer as specified by the agent.
5. The Principal shall not engage in business of sales, marketing or service of paragliding
equipment except through the agent and shall forward all inquiries originating in Taiwan to the
Agent for processing by the Agent.
6. The Principal shall inform the Agent of demo wings, overstocks, and other specials, promptly.
7. The principal shall maintain the price to the agent at the agreed upon 35% off the preferred price
as per attached price list.
8. The Agent shall not give any warranty in respect of the goods without the authority in writing of
 the Principal.

As Witness the hands of the Parties hereto the day and year first hereinbefore written.
(Signatures)

Principal date

______________________________________________________________________________
Agent date