Virtual Vendor Process

How Your Product Is Ordered
Once your product has been accepted into the Virtual Vendor program by Tech Data, you will receive a Tech Data part number from WPT. You will receive a purchase order from WPT specifying prepaid delivery to a Tech Data Distribution Center.

Payment for Product
All product is sold by vendor on a consignment basis. If any test product is resold by Tech Data to a VAR, VAD or other traditional reseller, invoices for this product will be paid to vendor by WPT 60 days after the date of Tech Data's shipment to the reseller.

Shipment of test product by Tech Data to a retailer will not generate any payment of invoices. Tech Data electronically tracks the sell through of products by their major retail customers via EDI. Invoices for products will be paid to vendor, by WPT, 60 days after the product has been sold by the retailer to an end-user.

Return freight for all Product returned by Tech Data or WPT for any cause is the responsibility of Vendor and will, if charged back to WPT by Tech Data, either be deducted from WPT’s remittance or be billed by WPT to Vendor.

Letter of Credit May be Required
Tech Data may require a Letter of Credit listing Tech Data as beneficiary, from WPT’s vendors as a pre-condition for Tech Data's shipping their product(s) to any retailer that is authorized by Tech Data to deduct marketing funds from its remittances to Tech Data.

Letter of Credit Amount
The amount of said L/C is the lesser of $50,000 or the amount of marketing funds actually committed as evidenced by a copy of the Marketing Agreement PLUS a statement signed by both the retail buyer and vendor that Tech Data will be immediately notified by the retail buyer and vendor of any future agreement for which payment is to be made by a deduction from Tech Data and that an L/C for the amount of any future commitment will be put in place by the vendor prior to a deduction of any additional amount by the retailer. In the absence of this Agreement AND statement, the L/C amount is $50,000 in order for Tech Data to ship to each said retailer.

Exclusion to L/C Requirement
In the event that a WPT vendor has not committed any Marketing Funds payable by deduction from Tech Data by a retailer it must supply a form signed by the retailer's buyer certifying that no commitment has been made and none will be made without prior notice to Tech Data by the retailer and vendor and that an L/C will be put in place prior to any such deduction. Without said statement the L/C amount is $50,000 in order for Tech Data to ship to each retailer.

Getting Set up
In order to get the Tech Data Virtual Vendor Program started, the following are required:

• Complete and sign the Virtual Vendor Agreement.
• Make your check for the correct fee payable to WPT.
• Send two non-returnable samples of your product, the Virtual Vendor Agreement and your payment to following address:

· Complete a Product Information Form and a TechSPEC Shell for each SKU and fax them to us at 508.580.3993. (Contact your salesperson if you are missing any of the required forms).

Our Guarantee After WPT has received the above package, your product will be submitted to Tech Data. WPT will immediately refund 100% of your testing fee in the event that your test is rejected by Tech Data.