To:

Mr. Neils SNIEDZINS


Member of the Board TETERS Ltd.


Raiņa iela 88, Talsi, Talsu pilsēta, Talsu novads, LV-3201, Latvia

Email: neils.sniedzins@teters.lv


Subject: Preliminary Commercial Proposal WITWIN “Penolet” PROPOSAL:

Model: WITWIN Penolet Night Bird 1 (WW-PLNB-1)

Estimated production cost: €1,250

Expected market sale price: €2,750

Market demand (Ukraine): 20,000–50,000 units per year

Exclusive production minimum: 10,000 units per year


TERMS OF COOPERATION:

Technology transfer cost:


ECONOMIC MODEL:


Model

Model

sale price

Royalty fees

per model

Minimum

production

Minimum annual

turnover

Technology

transfer deposit

Operating

services

WW-PLNB-1

€2,750

€275

10,000 pcs

€27,500,000

€55,000

€8,250


TRANSACTION PROCEDURE:

  1. Signing the contract

  2. Payment of the Technology transfer deposit (€55,000) and the Operating services (€8,250)

  3. Manufacturing a prototype

  4. Transfer of technical documentation and prototype, including production staff training

  5. Provision of additional services during the contract (if requested)