Letter Of Intent For A Business Transaction (Page 2 of 3) in pdf

Help Holcim perform its purchasing activities in a collaborated and efficient



manner.

Assign a dedicated sales team composed of a Field Account Manager (FAM) and



a Sales Desk Officer (SDO) to answer queries and concerns on regular business

hours (and beyond as needed).

Holcim Agrees To:

Buy items from DUC either on an exclusive or non-exclusive contract, at Holcim's



discretion.

Pay DUC on the stated due dates.



Help DUC perform its supplier obligation through coordinating and collaborating



activities.

2. Confidentiality:

In the case that any confidential information should be exchanged between the

Parties, resulting from negotiations under the Terms and Conditions of this Letter,

both parties shall agree to make any necessary efforts to keep all information

confidential.

3. Time:

Parties shall make all reasonable efforts to finalize transaction within ninety (30) days

of the receipt of this letter by [Receiving Party].

4. Governing Law:

All matters arising from this Letter and any subsequent negotiations shall be

governed by the laws of Philippines and other local applicable laws..

5. Additional Terms of Transaction:

Free delivery is to be extended to Holcim

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Coverage of Free delivery includes Davao City and other Mindanao areas that



include the cities of Tagum, General Santos, Cotabato, Butuan, Cagayan De Oro,

Bukidnon cities and towns, Agusan cities and towns.

Free delivery is run on a scheduled basis. In case of special deliveries, special



conditions apply on a case to case basis. Conditions include volume of order and

distance of delivery destination.

DUC allows withholding tax deductions of 1% from the VAT-able component of



invoices.

Withholding Tax Certificates and accompanying purchase information by Holcim



may be provided by DUC for free to Holcim upon latter's request.

DUC may also provide online store and online order tracking access to Holcim



should latter wish to avail of this free service.

DUC provides free mobile phone-based order tracking free to Holcim.



Other services may become available at a later time, which DUC may offer



Holcim for approval.

If Holcim finds the terms and conditions of this Letter to be acceptable and a

reflection of the intentions of both parties, please demonstrate this intent by signing

and returning this letter at the principal place of business of Holcim. DUC will be

more than happy to set a meeting with Holcim to discuss further details and/or

questions or inquiries.

Letter Of Intent For A Business Transaction Page 2

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