EXHIBIT 10.3
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THE PURCHASE AND SALES AGREEMENT
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This Agreement, made this 17 th. Day of March. 2004, by and between P--CE
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Computers, Inc., a Nevada corporation doing business as Personal Computing
Environments, having offices at Palm Springs, California, U.S.A., (hereafter as
"A"=purchaser), and PC Frame, Inc. having its principal office at Room No. 201,
A Bldg. Guroyootongsangga 636-62 Guro-Dong, Guro-Gu, Seoul Korea (hereafter as
"B"=seller).
WITNESSETH
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IN CONSIDERATION OF the mutual covenants contained herein, the parties hereto
agree as follows.
Article 1. Definitions
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Except where the context otherwise requires, the following terms and expressions
used in this Agreement shall have the meaning respectively defined as follows:
1.1 The object of this contract is the personal computer setting frame, totally
20 units. (1 unit has been already delivered to A from B)
1.2 "Products" shall mean the finished, packaged products of the personal
computer setting frames.
Article 2. Payment and Delivery
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2.1 B agrees to deliver the 20 Products to A at the price of $18,000 USD,
($900/1 unit)
2.2 Payment for the Products by A is as follows.
The first payment $15,520 shall be remitted within three (3) days after the date
of this agreement.
The upper $15,520 is consisted of the price of 10 units=$9,000, packing for 16
units & etc.=$2,000, transferring fee from Seoul to Busan for 16 units=$450, CFS
charge for 16 units & etc.=$600, Insurance on 16 units=$40, Handling charge for
16 units=$1,000, shipping charge from Busan to L.A. for 16 units=$2,430. Three
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(3) black units are to remain at the office of B and will be picked up on March
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27, 2004 by Benjamin Moglin of A.
The second payment $9,000 shall be remitted when B has made the 5 modifications
to the 19 units that have been discussed between Mr. Nam of B and Benjamin
Moglin of A and shipped the products and A has received the evidence of shipping
of 16 units.
2.3 Delivery shall be at the site of PCE's warehouse in Indio, California.
U.S.A.
2.4 B shall ship 16 units of the Product within the 5th day of April 2004 at
latest within the 15th day of April 2004.
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Article 3. Assignment
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This Agreement shall not be assigned by B except with the prior written consent
of A.
Article 4. Governing Law
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This Agreement shall be interpreted and governed by the laws of the Republic of
Korea.
Article 5. Term
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This Agreement shall become effective as of the date first above written.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
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by following officers.
A: Purchaser
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P--CE Computers, Inc.:
Allan Quattrin, President March 18, 2004
Name and Title Date
/s/ Allan Quattrin
Signature
B: Seller
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PC Frame, Inc.:
Nam Ki Don, CEO March 19, 2004
Name and Title Date
/s/ Nam Ki Don
Signature
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