Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-K Annual Report HTML 1.00M
2: EX-10.1 Amendment No. 1 to Product Exclusive Distributor HTML 38K Agreement
3: EX-10.2 Amendment No. 2 to Product Exclusive Distributor HTML 33K
Agreement
4: EX-21.1 List of Subsidiaries HTML 25K
5: EX-31.1 Certification -- §302 - SOA'02 HTML 32K
6: EX-31.2 Certification -- §302 - SOA'02 HTML 32K
7: EX-32.1 Certification -- §906 - SOA'02 HTML 28K
65: R1 Document and Entity Information HTML 53K
52: R2 Consolidated Balance Sheets HTML 134K
63: R3 Consolidated Balance Sheets (Parenthetical) HTML 46K
67: R4 Consolidated Statements of Operations and HTML 117K
Comprehensive Loss
86: R5 Consolidated Statement of Stockholders' Equity HTML 77K
(Deficit)
54: R6 Consolidated Statements of Cash Flows HTML 162K
62: R7 1. Nature of Operations HTML 28K
47: R8 2. Summary of Significant Accounting Policies HTML 72K
36: R9 3. the Effect of Recently Issued Accounting HTML 35K
Standards
87: R10 4. Accounts Receivable HTML 34K
69: R11 5. Inventory HTML 31K
68: R12 6. Prepaid Expenses and Other Current Assets HTML 31K
74: R13 7. Property, Plant and Equipment HTML 45K
75: R14 8. Business Combinations HTML 48K
72: R15 9. Goodwill and Intangible Assets, Net HTML 54K
76: R16 10. Related Party Receivables HTML 32K
64: R17 11. Other Assets HTML 30K
66: R18 12. Accounts Payable and Accrued Liabilities HTML 35K
71: R19 13. Related Party Payables HTML 30K
94: R20 14. Discontinued Operations HTML 77K
82: R21 15. Income Taxes HTML 64K
58: R22 16. Debt HTML 55K
70: R23 17. Stockholders' Equity HTML 64K
60: R24 18. Commitments and Contingencies HTML 32K
27: R25 19. Segment Information HTML 97K
83: R26 20. Subsequent Events HTML 33K
90: R27 2. Summary of Significant Accounting Policies HTML 153K
(Policies)
42: R28 2. Summary of Significant Accounting Policies HTML 29K
(Tables)
41: R29 4. Accounts Receivable (Tables) HTML 30K
45: R30 5. Inventory (Tables) HTML 32K
46: R31 6. Prepaid Expenses and Other Current Assets HTML 32K
(Tables)
48: R32 7. Property, Plant and Equipment (Tables) HTML 38K
21: R33 8. Business Combinations (Tables) HTML 32K
80: R34 9. Goodwill and Intangible Assets (Tables) HTML 49K
56: R35 10. Related Party Receivables - Trade (Tables) HTML 28K
59: R36 11. Other Assets (Tables) HTML 28K
31: R37 12. Accounts Payable and Accrued Liabilities HTML 35K
(Tables)
93: R38 13. Related Party Payables (Tables) HTML 28K
14: R39 14. Discontinued Operations (Tables) HTML 79K
49: R40 15. Income Taxes (Tables) HTML 67K
85: R41 16. Debt (Tables) HTML 52K
29: R42 17. Stockholders' Equity (Tables) HTML 49K
40: R43 19. Segment Information (Tables) HTML 60K
44: R44 2. Summary of Significant Accounting Policies HTML 34K
(Details)
53: R45 4. Accounts Receivable, Net (Details) HTML 40K
20: R46 4. Accounts Receivable, Net (Details Narrative) HTML 25K
35: R47 5. Inventory (Details) HTML 32K
16: R48 5. Inventory (Details Narrative) HTML 25K
84: R49 6. Prepaid Expenses and Other Current Assets HTML 37K
(Details)
28: R50 7. Property, Plant and Equipment (Details) HTML 31K
81: R51 7. Property, Plant and Equipment (Details HTML 26K
Narrative)
32: R52 8. Business Combinations (Details) HTML 54K
50: R53 8. Business Combinations (Details Narrative) HTML 28K
15: R54 9. Goodwill and Intangible Assets, Net (Details) HTML 30K
19: R55 9. Goodwill and Intangible Assets, Net (Details 1) HTML 37K
43: R56 9. Goodwill and Intangible Assets, Net (Details 2) HTML 40K
23: R57 9. Goodwill and Intangible Assets, Net (Details HTML 30K
Narrative)
88: R58 10. Related Party Receivables - Trade (Details) HTML 27K
55: R59 11. Other Assets (Details) HTML 27K
73: R60 12. Accounts Payable and Accrued Liabilities HTML 45K
(Details)
34: R61 13. Related Party Payables (Details) HTML 28K
38: R62 14. Discontinued Operations (Details) HTML 51K
79: R63 14. Discontinued Operations (Details 1) HTML 112K
77: R64 15. Income Taxes (Details) HTML 60K
57: R65 15. Income Taxes (Details 1) HTML 48K
78: R66 15. Income Taxes (Details 2) HTML 33K
33: R67 15. Income Taxes (Details 3) HTML 48K
61: R68 15. Income Taxes (Details Narrative) HTML 28K
89: R69 16. Debt (Details) HTML 40K
18: R70 16. Debt (Details 1) HTML 54K
26: R71 17. Stockholders' Equity (Details) HTML 48K
51: R72 17. Stockholders' Equity (Details 1) HTML 34K
22: R73 17. Stockholders' Equity (Details Narrative) HTML 55K
92: R74 19. Segment Information (Details) HTML 49K
30: R75 19. Segment Information (Details 1) HTML 26K
24: R76 19. Segment Information (Details 2) HTML 35K
25: R77 19. Segment Information (Details Narrative) HTML 31K
91: XML IDEA XML File -- Filing Summary XML 132K
17: EXCEL IDEA Workbook of Financial Reports XLSX 184K
39: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 903K
8: EX-101.INS XBRL Instance -- ssie-20131231 XML 1.45M
10: EX-101.CAL XBRL Calculations -- ssie-20131231_cal XML 187K
11: EX-101.DEF XBRL Definitions -- ssie-20131231_def XML 331K
12: EX-101.LAB XBRL Labels -- ssie-20131231_lab XML 979K
13: EX-101.PRE XBRL Presentations -- ssie-20131231_pre XML 725K
9: EX-101.SCH XBRL Schema -- ssie-20131231 XSD 200K
37: ZIP XBRL Zipped Folder -- 0001354488-14-001893-xbrl Zip 136K
‘EX-10.1’ — Amendment No. 1 to Product Exclusive Distributor Agreement
This Amendment No. 1 (this Amendment) to that certain Product Exclusive Distributor Agreement, dated August 24, 2012 (the Agreement), is entered into this 11th day of November 2013, by and between Shanghai Lightsky Optoelectronics Technology Co., Ltd. (Lightsky), and ForceField Energy, Inc. fka SunSi Energies, Inc. (FNRG and together with Lightsky, the Parties).
RECITALS
WHEREAS, the Parties previously entered into the Agreement, pursuant to which FNRG distributes the LED lighting products of Lightsky;
WHEREAS, the Parties wish to amend the Agreement to extend certain dates for performance requirments and termination rights;
WHEREAS, the Parties do not intend this Amendment to impact any of the other rights, obligations, or commitments of the Parties set forth in the Agreement, except as set forth in this Amendment.
WHEREAS, Lightsky is the only LED producer in Asia for FNRG for products they manufacture and Lightsky commits to do everything possible to have equal quality and price from competition.
NOW, THEREFORE, in consideration of these premises and the mutual promises contained herein, the Parties to this Amendment do hereby agree as follows:
Section 1. Amendment to Agreement.
The Parties to this Amendment do hereby agree that the Agreement shall be amended to:
(a)
delete Article 1 Section 1. in its entirety and replace it with the following:
“Party A hereby authorizes Party B to have the exclusive right to sell Party A’s LED Products in the following territories or “Territory”: North America (is defined as including all 50 states of United States), Canada, Mexico Latin America, Caribbean and Europe.
(b)
delete Article III Section 1. in its entirety and replace it with the following:
"Since it will take time to establish distributor and sales network in the new territory, Party A grants Party B twelve (12) months of time to set up its sales network in the territory (initial period). In order to maintain the exclusive right under this agreement Party B will have to fulfill minimum purchase of products. From the date of the expiration of the initial period and for the following twelve months (12) months, the Minimum Yearly Purchase Amount by Party B should be not less than six million (6,000,000). The minimum purchase amount for the following twelve (12) months should be not less than ten million (10,000,000). Party B will increase the yearly purchase of products by twenty percent (20%) every year until the expiration of the term of this agreement. All purchases will be made in $USD. Party B has the right to select which Product and what quantities it chooses to fulfill its Initial Purchase obligation and yearly minimum purchase obligations.
In addition, Party B commit to make a minimal payment in the amount of $300,000 $USD on future purchase of LED Products before the expiration of the initial 16 months of this agreement. This payment will be applied toward the first purchases of LED products and shall be credited against the Minimum Yearly Purchase Amount described above.
(c)
delete Article III Section 2. in its entirety and replace it with the following:
“If Party B cannot execute the “Initial Payment Amount” within the first (16) sixteen months after the signature of this agreement; or if Party B can not purchase the “Minimum Yearly Purchase Amount” after the expiration of twenty four (24) months from the signature of the present agreement, Party A will have the right to cancel the exclusive agency of Party B if payment is not made within a 30 day period of receiving notice from Party A.”
Section 2. Capitalized Terms.
Capitalized terms not defined herein shall have the meanings ascribed to them in the Agreement.
Section 3. Governing Law.
The terms of this Amendment shall be governed by the law and in the manner provided for in the Agreement. All other terms and conditions set forth in the Agreement, not otherwise modified by this Amendment, shall control over the interpretation of this Amendment.
Section 4. Complete Agreement.
This Amendment and referenced Agreement constitute the entire agreement between the Parties hereto relating to this specific subject matter thereof There are no terms, obligations, covenants, representations, statements, or conditions relating to the subject matter thereof other than those contained in this Amendment and the above referenced Agreement. No variation or modification of this Amendment or the above referenced Agreement or waiver of any of the terms or provisions hereof will be deemed valid unless in writing and signed by both parties.
Section 5.Counterparts.
This Amendment may be executed in counterparts, which together shall constitute one and the same Amendment. The Parties may execute more than one copy of this Amendment, each of which shall constitute an original.
IN WITNESS WHEREOF, the Parties have signed this Amendment as of the date first written above.