Article 1: Agents and unit prices of equipment
1.1 Agents
- Enterprises, business households, organizations and individuals that are permitted to do business in accordance with law and wish to distribute equipment of the Vietnam Mobile-Based Services Joint Stock Company (Vimass) can sign an agent contract with Vimass or with an authorized branch.
- The agents contract must comply with Decision No. 0403/2023/QD-VIMASS dated April 17, 2023 and this Decision.
- Agents distribute equipment of Vimass according to the unit price stated on the invoice issued by Vimass or the Agent and enjoy the commission specified in Article 3.

1.2 Rights and responsibilities of agents
- Agents have the right to search, develop customers, use promotional information of Vimass, actively advertise and advise customers. 
- Agents are responsible for complying with the distribution process in Article 2; must not sell counterfeit, poor quality goods or deceive customers; in case of violation must be held responsible before the law.

Article 2: Distribution Process
2.1 Guarantee 

Agents need to be issued a payment guarantee by a bank or financial institution (approved by Vimass) with a value not lower than the value of Vimass's equipment for distribution.

2.2 Distribution and deposit time 
- Distribution period 1 month: deposit 5% of equipment value.
- Distribution period 3 month: deposit 10% of equipment value.
- Distribution period 3 months: deposit 15% of equipment value.

2.3 Extension: At the end of the distribution period, the agents has the right to renew once and must pay an additional deposit according to article 

2.4 Refund: At the end of the distribution or extension period, the agents must return the undistributed equipment to Vimass in the original conditionn and received the deposit back after deducting the relevant amounts.

2.5 Payment

a) Agents or retail customers pay by bank transfer to Vimass to account number 999994940085 at Lien Viet Post Commercial Joint Stock Bank (LPBank).
- Agents: Agents tax code. Customer name and phone. Quantity x Unit Price.
For example: Tel 0105906169. Trinh Van Tinh 0984009815. 1 card x 100K.
- Retail customers: Customer's name and phone number. Quantity x Unit Price.
Example: Trinh Van Tinh 0984009815. 1 card x 200K.
b) Customer pays by cash or transfer to the Agent according to the Agent's regulations. The agents' account is stated in agent's contract.

Article 3: Equipment unit price and commission rate 

Co-branded card (with order quantity over 10,000) is invoiced by Vimass with unit price of 80,000 VND. The co-branded unit sets the selling price and is responsible for paying relevant taxes in accordance with the law.

Retail customers who transfer money to Vimass are issued invoices with the unit price of 200,000 VND per card and 80,000 VND per Ucode stamp. Vimass works with Viettel, VNPost for card deliverance; The recipient pays the shipping fee.

The invoice unit price and commission rate of the Agent can be changed from time to time by the General Director of Vimass in accordance with the business orientation and compliance with the provisions of the law.

Article 4: Invoice and warranty

- Vimass issues invoices to customers within 24 hours after payment process and have documents to transfer ownership to customers.
- Vimass issues customers a 2-year warranty card for Smart Cards, VPhone, VTablet, VUHF and a 1-year warranty for other devices in the form of 1 for 1, the fault is not caused by the customer. The warranty period is counted from the date of issuing the invoice to the customer.

Article 5: Dispatch and reconciliation
5.1 For Agents
- When receiving equipment for distribution, the agents sign the Delivery Note with the Head Office or an authorized branch.
- In the first 3 working days of the following month, the Agent and the Head Office/Branch's Accounting Department compare the amount of equipment and money in the month to agree on revenue and commission.
- Vimass pays commissions to Agents who are businesses/households/organizations after receiving the Agent's commission invoice.
- Vimass pays commissions to individuals after deducting 10% of personal income tax.
- In case the agent sells higher than the announced unit price and issues an invoice to the customer, Vimass will issue an invoice to the agent according to the published unit price and consider it as an input invoice. The agent is responsible for paying taxes related to the difference between the input and output invoices.

5.2 For Branches
- The branch receiving equipment for distribution signs the Goods delivery note with the Head Office. 
- Authorized branches are allowed to issue invoices and warranty cards to customers.
- In the first 3 working days of the following month, the Branch and the Head Office's Accounting Department compare the number of devices sold in the month to record the branch's revenue and transfer money at the request of the General Director or authorized individuals.

Article 6: This Decision takes effect from the date of signing. Head Offices, Branches, Agents and related individuals are responsible for implementing this decision.

DECISION ON AGENT AND UNIT PRICE OF VIMASS