Sapa Purchase Agreement

Before a transaction can take place, the buyer and seller negotiate the price of the item for sale and the terms of the transaction. The SPA is a framework for the negotiation process. The SPA is often used during a large purchase, for example. B of a property, or frequent purchases over a given period. 6.3 Warranty. The supplier guarantees that all deliveries that are products are new, free from errors in design, materials and transformation and meet the agreed specifications, descriptions and drawings. The supplier guarantees that all services that are services comply with the specifications and all applicable specifications. The warranty period for all deliveries is twenty-four (24) months from the date of delivery. Hydro has the right to test and inspect performance at any time after delivery. If Hydro suspects that the products are defective, Hydro has the right to return the defective services at the supplier`s risk and costs. Within 10 (10) business days of receiving insufficient information on delivery inventory, supplier, at Hydro`s option, will repair or replace defective supplies and return them to Hydro at its expense. The provider is responsible for uninstalling and reintroducing defective services that are products or costs. All repaired and replaced deliveries that are products are guaranteed for twenty-four (24) months.

The supplier must repair non-conforming services that are services, without delay after notification and at his own expense. In the event that part of a delivery stock cannot be repaired, replaced or otherwise corrected, Hydro`s supplier will refund the full purchase price for the delivery stock. In addition to these remedies, Hydro is entitled to damages caused by defective services and, upon request, the supplier provides Hydro with a report on the causes and analysis of defects and proposes corrective measures to avoid similar defects for future deliveries. To the extent that Alibaba Group acquires a 33% stake under the modified and adapted software technology and license agreement, with the exception of payments that effectively offset the purchase price with respect to the exercise of subscription rights, in accordance with the provisions of SAPA, Liquidity Event Payment and Profit Share Payments (described below). If Alibaba Group acquires less than 33% of the shares of Small and Micro Financial, liquidity event payment and Profit Share Payments will be reduced proportionately, based on the amount of equity acquired by Alibaba Group. . . .