Agreement on Sale of Goods or Services using WMZ-Certificates
Amstar Holdings Ltd (the Seller) and supplier of Goods or Services (the Supplier) have concluded the given Agreement regarding the following:
1. Definitions
WMZ is a common unit for calculating WMZ-Certificate value, equivalent to 1 US dollar. WMZ-Certificate is a prepaid commodity certificate verifying rights of the bearer for the certain amount of the purchased merchandise and rendering a right to demand the delivery upon presenting WMZ-Certificate without any further monetary settlement. Buyer is a person/entity, possessing a WMZ-Certificate.
2. Subject of the Agreement
Seller provides Supplier with access to the website: www.megastock.com, for posting public information about Supplier's goods or services fully in accordance with Terms of Use for WMZ-Certificates when selling goods and services.
The Supplier orders to sell, while the Seller on behalf and at the expense of the Supplier commits to sell Goods or Services to the Purchasers. Goods and Services are sold by means of transferring an electronic proof of right for the purchased Goods or Services in the form of WMZ-Certificates using WebMoney Transfer technology
The Supplier is obliged to reward the Seller for the rendered Services, namely for selling Supplier's Goods and Services to the Purchasers and for transferring WMZ-Certificates to the Purchasers according to rules of WebMoney Transfer System.
The Supplier keeps records of funds, received out of selling Supplier's Goods or Services and belonging to the latter and is hereby obliged to transfer these funds further to the Supplier upon receiving from the latter corresponding number of WMZ-certificates, received by the Supplier in return for rendered services or sold Goods. The Supplier provides Purchasers of WMZ-Certificates with Goods or Services on terms and conditions, stipulated by the given Agreement
3. Issuing and Submitting WMZ-Certificates
3.1. Entering into the present Agreement, the Supplier on his behalf and at his cost authorizes the Seller to keep records of the Sold goods and Services by means of issuing WMZ-Certificates of the equal volume, the circulation of which is carried out with the help of WebMoney Transfer System. The Seller submits WMZ-Certificates to Purchasers directly or through his authorized agents.
3.2. The Supplier declares that he or she is ready to deliver goods or services in accordance with the offer, published at www.megastock.com
3.3. Buyers present WMZ-Certificates to the Supplier to verify their right for the purchased Goods or Services and receive the selected merchandise from the list, published at www.megastock.com in the volume/quantity equivalent to the amount of WMZ-certificates transferred to the Supplier.
3.4. The Seller accepts WMZ-Certificates from the Supplier, received by the latter for the sold Goods/Services and transfers funds to the Supplier in the volume, equivalent to the value of the Certificates, received from the Supplier as per given Agreement. Certificates can be redeemed 10 days after the Supplier's receipt of WMZ certificates from the Supplier, unless the Seller specifies special redeem conditions for the Supplier.
4. Rights and Responsibilities of Parties.
4.1. Supplier shall publish information about his Goods or Services at www.megastock.com.
4.2. Supplier shall make no demands on the form of WMZ-Certificates and shall agree that WMZ-Certificates issued in full accordance with this Agreement will be identical to other existing WMZ-Certificates. A Seller has a right to create similar relations with other Suppliers.
4.3. Supplier recognizes the WMZ-Certificate bearer's right to receive goods and services listed on the website: www.megastock.com for a specific value equivalent to the WMZ-Certificate face value in common WMZ units.
4.4. Supplier is obliged to render goods and services to any person who has presented a WMZ-Certificate (the Bearer), regardless of the Bearer's identity and grounds for receipt of WMZ-Certificate.
4.5. Seller is obliged to transfer funds of the Supplier in amount, equivalent to the amount of received WMZ-Certificates in US Dollars or any other currency as per exchange rate that is stipulated by the Seller at his own discretion provided that the basic exchange rate cannot be lower than 0.97 USD for 1 WMZ.
4.6. Seller does not bear any responsibility in case of non-delivery of goods or services to the Buyer or any other claims filed by the Buyer.
4.7. The Seller is a company incorporated in Panama and subject to the laws of Panama.
5. Force Majeure Conditions
5.1. Non-fulfillment of the Agreement shall be considered justified, provided it was caused by Force Majeure circumstances. Force Majeure circumstances shall be understood to mean any circumstances as a result of which parties are (temporarily) unable to fulfill their obligations, including also such circumstances as strikes, lockouts, faulty castings, government measures, state of war or siege, fire, natural disasters, epidemics and circumstances of the like.
5.2. In case of Force Majeure circumstances, that hamper the fulfillment of the Agreement, the due dates stipulated by the Agreement shall be extended for a period equal to that, during which the fulfillment of the Agreement was suspended due to the Force Majeure circumstances.
6. Disputes solving
6.1. All disputes arising out of the given Agreement on questions that are not reflected/stipulated by the given Agreement are to be solved by means of any non-judicial method (negotiations, conciliatory measures, arbitration).
Attention!
All acts and terms of use, accepted and signed electronically have legal effect. Upon mutual agreement between both parties it can be presented in writing by a WMT System Administrator at any System’s branch or office.
Please, address all questions connected to legal paperwork to financial@wmtransfer.com or call our support team at +7 (495) 727-43-33
