Purchase Agreement

THIS AGREEMENT MADE [March 8, 2024]

BETWEEN:

{Zen Enterprise Ltd.,1234 Magenta Avenue, North Vancouver,

V7T 4Y9} (“Seller”)

AND:

{Joason Barns, 120-9876 Lakeview Drive, Burnaby, B.C., C8U

9IK} (“Customer”)

THE PARTIES AGREE as follows: The Seller hereby agrees to

sell its products to the Customer, and the Customer agrees
to purchase said products at specified prices, subject to
the following terms and conditions: Make it into a
paragraph:

1. Purchase Price and Payment Terms -

Model Number Quantity Unit Total

Purchase Purchase
and
Description
109112 2 Zen 4k Ultra $4,499.00
HD 85”
102993 1 Zen PS5 + VR $2,499.00
Set up

Total Purchase Price

<<$11,497.00>>
Less: Cash Down Payment
<<$2,200.00>>
Plus: Finance Charges
<<$129.00>>
Balance Due will be paid in <<6>> consecutive monthly
instalments of <<$1571.00>> each or one payment of
<<$9426.00>>
2. Term - This agreement shall become effective upon
execution purchase agreement and will be in effect until
September 8th, 2025.

3. Delivery - The Seller agrees to deliver the goods to the

Buyer at the specified address within 15 days since
purchase. The seller is solely responsible for the method
of delivery.

4. Reimbursement - The Seller shall reimburse the Customer

for any loss of or damage to the Product that occurs
during the delivery process. At the customer's option,
the Seller will either swiftly replace the lost or
damaged Product or issue a refund.

5. Credit Check - The seller will assess the Customer's

creditworthiness before accepting this agreement.

6. Charges - Charges for the transportation of the products

shall be borne by the Customer. Late payments bear a late
charge of $20.00. Overdue invoices shall have an interest
rate of 4.50% per month.

7. Warranty - the Seller’s sole responsibility under this

warranty is to repair or replace any unit of Products
found to be defective in materials or workmanship during
the 18 months warranty period.

8. Deposit - for seller to comply under this Contract, Buyer

must pay Seller a deposit of $2,200 against the total
amount at the time of signing. This deposit will be
applied to the most recent shipment.

9. Governing Law - This agreement will be governed in all

respects by the law of the Province of British Columbia.
The parties agree to attorn to the jurisdiction of the
Superior Court.

10. Taxes - The Customer shall be responsible for the

payment of all provincial sales taxes imposed on
products, except as limited by law.

11. Force Majeure – Neither party shall be liable for

delays or failure to perform its obligations due to
events beyond its control, including but not limited to
natural disasters, war, terrorism, government actions,
and labor disputes.

BADM 107 – Contract assignment – Tushaar Nadanasabapathi 2 of 6

This agreement, comprising paragraphs 1 through 11 inclusive
and any supplements and addenda listed in paragraph 15,
constitutes the entire agreement between the parties
concerning the sale of the Products described herein. It
supersedes all prior oral and written proposals and
communications.

The Customer acknowledges that it has read this agreement

(consisting of paragraphs 1 through 9 inclusive and any
supplements and addenda listed in paragraph 15) and agrees
to be bound by its terms and conditions.

SIGNED:

__________________________ __________________________

{Zen Corporation Ltd.} Signature

{Customer} Signature

BADM 107 – Contract assignment – Tushaar Nadanasabapathi 3 of 6

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No. Clause Purpose of Clause Importance of Clause

1. Purchase price lays out the terms of This section is crucial

and payment payment, including the since it lays out the
terms time and mode of payment, parameters of the
as well as the amount. agreement's finances,
which may help prevent
payment-related issues.
It makes it clear how
much is owed and when
payments are due.

2. Terms It details the duration The term is important

of the agreement's since it makes clear how
effectiveness. long each party's rights
and responsibilities are
in force. Provides an
accurate foundation for
determining out when it
can be terminated.

3. Delivery Mentions the terms and Because it ensures that

circumstances related to all parties are aware of
the shipment of products the time and method of
or services. delivery of the goods,
this detail is crucial.
By giving a defined
framework for delivery
expectations.

4. Reimbursement Conditions under which The rule is vital

seller consents to because it clarifies
compensate for specific each party's financial
costs or losses suffered. obligations and ensures
that expenses paid for
the sake of the other
party are reasonably
reimbursed. It helps
outlining exactly why
reimbursement is
necessary.

5. Credit Check the seller is permitted This section is crucial

by the Credit Checking because it offers the
Condition to investigate seller details that they
the buyer's can use to decide if
creditworthiness. they want to give the
buyer credit. It allows
the seller to evaluate
the risk of nonpayment
and take steps needed to
BADM 107 – Contract assignment – Tushaar Nadanasabapathi
lessen that risk.
5 of 6

6. Charges It details the costs and This section is

penalties associated with important because it
Reference –
https://www.dropbox.com/scl/fi/zs4esmdm3tpov8hkpwxvt/
Contract-for-Sale-of-Goods.pdf?
rlkey=zlx9nkn7qctjwkjantlth2m37&dl=0

BADM 107 – Contract assignment – Tushaar Nadanasabapathi 6 of 6