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agency agreement
This Agreement made on the 20th February, 2011

BETWEEN : MAURICE WARD NETWORKS Ltd. Suite 6, Wickhams Cay 1, PO Box 3085, Road Town, Tortola, British Virgin Islands

Represented in the convent by their duly authorized Overseas Agency Director: Robert W Shelton

AND : EXPOBANGLA LOGISTICS LTD. Richmond Concord (2nd FL.) 68 Gulshan Avenue, Gulshan-1, Dhaka, Bangladesh

Represented in the convent by their duly authorized Director: Lawrence Gomes

WHEREAS:
The above parties are both engaged in freight forwarding business on an international basis, including AIR – OCEAN – ROAD SERVICES, and mutually agree to the following:

1. NOW IT IS HEREBY AGREED :

(a) Each party agrees to act as Primary Agency Representative for the other party on its freight forwarding services on a non-exclusive basis in it agreed respective countries MAURICE WARD NETWORKS: Austria, Bulgaria, Czech Republic, France, Germany, Hungary, Italy, Netherlands, Poland, Ireland, Romania, Slovakia, Slovenia, Spain, and United Kingdom

EXPOBANGLA LOGISTICS LTD.

i) Each party to provide competent general freight forwarding services including airfreight – ocean freight – customs clearance – local collection/distribution services to acceptable standard agency levels. ii) Each party agrees to support each other by consigning freight shipments to each other whenever possible. iii) Each party to provide adequate insurance cover to meet its freight forwarding carrier limited liability cover/trading conditions, and will indemnify the other party from any claims resulting from errors or omissions or negligence”. iv) Each party will be responsible for collection of freight and other charges stated on the transportation documents (HAWB/Bill of Lading/CMR/etc) when issued on a collect basis by the other party. If the receiving party extends credit to the consignee it does so at its own risk, and is still obligated to pay in full all collect charges to the

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