DarkPulse, Inc. Signs Agency Agreement with Gulf Automation Services & Oilfield Supplies Company, LLC
August 05, 2022 at 03:13 pm EDT
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DarkPulse, Inc. entered into an Exclusive Commercial Agency Agreement (the Agreement) with Gulf Automation Services & Oilfield Supplies Company [Gasos] LLC, a company incorporated according to the laws of United Arab Emirates, registered under commercial license No. (CN-1001756) issued by the Department of Economic Development in Abu Dhabi, and having its offices at P.O. Box 6203, Abu Dhabi, United Arab Emirates (the GASOS). Pursuant to the Agreement, the Company has appointed GASOS to be its sole and exclusive agent in Abu Dhabi hereinafter for the marketing, promotion, and sale of the Company's products and related services.
The initial term of the Agreement is for one year, until terminated pursuant to its terms. In consideration for the services rendered by GASOS to the Company under the Agreement, GASOS will be entitled to: all profits made by GASOS on Sales (as defined in the Agreement) effected within in Abu Dhabi (it being understood that GASOS will purchase the products from the Company at a mutually agreed discount); a commission of 5% for each and every sale of the Company's products effected within Abu Dhabi by the Company whether or not the sale is a result of GASOS's efforts; and a commission of 5% for each and every of the Company's services provided within Abu Dhabi by the Company whether or not the service is provided as a result of GASOS's efforts. The Agreement may be terminated by (i) mutual consent of the parties, or (ii) by the opposing party if one of the parties becomes insolvent, bankrupt, is wound up, compounds with its creditors or is otherwise unable to pay its debts.
DarkPulse, Inc. is a technology-security company. The Company is focused on the manufacture, sale, installation, and monitoring of laser sensing systems based on its patented Brillouin Optical Time Domain Analysis (BOTDA) dark-pulse sensor technology. The Company also develops, markets, and distributes a full suite of engineering, monitoring, installation and security management solutions for critical infrastructure/key resources to both industries and governments. The Company provides multiple security platforms: Patented BOTDA Fiber Optic sensor systems and Satellite Communications services. Its security and monitoring systems are delivered in applications for critical infrastructure/ key resources. Its patented BOTDA dark-pulse sensor technology allows for the monitoring of highly dynamic environments. It offers a full suite of engineering and environmental solutions that provide safety and security infrastructure projects.