Legal Issues

Section I
Konswe Andrelecht a resident Breihner center 2, Amsterdam, Netherlands, hereinafter referred to as the seller, and Phil Mathews a resident of  Peoria Park District,  Prospect Road, Peoria, Illinois state, hereinafter refer to as the buyer herein on the twelfth day of February two thousand and ten, enter in to an agreement subject to the following terms

Section II choice of law
This agreement is drawn in accordance with the United Nations convention on contracts for the international sale of goods (CISG), which shall have an overriding application over any of the individual laws in the resident countries of the parties.

Section III Sale of goods
The seller agrees to sell to the buyer the following equipment hereinafter referred to as goods on or before tenth day of March two thousand and ten

A 40 MW, 60 R.P.M diesel generator with the following dimensions length 50 feet, width 20 feet and height 30 feet. The seller agrees to deliver equipment that is new with no previous owner, and in addition to that, the seller commits to provide a one year warranty subject to specific terms that will be signed separately from this contract.

Section IV consideration
The buyer agrees to pay a sum of   882352 (eight hundred and eighty two thousand, three hundred and fifty two Euros). The buyer commits to deliver the said sum to the seller in the currency form of Euros without any considerations for fluctuations in exchange rates between the dollar and the Euro or any other currency that the buyer may have access to, or an interest in.

Section V Delivery location
The seller commits to deliver the goods at Illinois international Port, Chicago, USA. Delivery of goods to this port will be the sole responsibility of the seller.

Section VI identification of goods
The said goods shall only be approved after both buyer and seller (or their authorized agents) have inspected and appended their signatures to the delivery note. Should the delivered goods fail to meet the specifications, then the contract becomes null and void, and the seller will retain total ownership of the goods without any obligations whatsoever to the buyer.

Section VII Documentation
Prior to paying for the goods, the buyer must check the documentation accompanying the goods. The buyer has a right to reject the goods if the seller (or agent) fails to produce a certificate of origin, an ownership transfer document and a warranty. The buyer will also be required to have a bankers draft that will symbolize meeting of financial obligations regarding the sale. The buyer has the obligation of obtaining any documentation necessary for the importation of goods to the US.

Section VIII Shipping andor transportation
It is agreed that the quoted price will be inclusive of shipping and transportation costs. The costs include transportation from the sellers premises to the nearest or convenient port, and then the shipping costs from the port of origin to the Illinois international Port. Once the goods are in the Illinois international port, the buyer takes the responsibility of delivering the goods to his premises or to a location of his choice. Both parties have discretion in deciding the shipping and transportation methods to use in reaching their destination.

Section IX Customs procedures
The seller has the responsibility of clearing the goods through customs procedures from the port of origin to the Illinois international Port, but the responsibility of clearing the goods from the Illinois international port will be the obligation of the buyer.

Section X Insurance
The seller will provide the insurance cover for the goods from the origin up to the Illinois international port. The insurance cover will cover the goods up to the point the ownership transfer is signed between the seller and the buyer or their authorized agents.

Section X Risk of loss
The seller bears the responsibility of loss or damage of any kind or extent for the goods for as long as the goods have not been accepted by the seller. In case of any form of loss or damage to the goods, provisions of section VI apply.

Section XI Freedom from encumbrance
The seller provides an assurance that the goods are free from any encumbrance, security interest or lien at the time of delivery.

Section XII Warranty of title
The seller warrants that at the time of signing the agreement, he has full rights to sell the goods.

The agreement has been signed and produced in duplicate, so that the buyer and the seller both have a copy of the contract.