EXHIBIT 10.1
PURCHASE AGREEMENT BY AND BETWEEN
AMAZON HERB COMPANY AND TERRADYNE NATURALE, INC.
AGREEMENT
IT IS HEREBY AGREED, by and between, Terradyne Naturale, Inc., hereinafter
referred to as "Supplier" and Amazon Herb Company, hereinafter referred to as
"Purchaser", for and in consideration of the covenants contained herein as
follows:
WHEREAS, the Supplier can supply a sufficient amount of "Cat's Claw Extract"
hereinafter referred to as "Extract" to meet the needs of the Purchaser, and
WHEREAS, in order for the Supplier to produce the amount of "Extract" needed
they will need to purchase a substantial amount of new equipment, and
WHEREAS, it will be approximately April 1, 1998, before sufficient "Extract" can
be produced, and
WHEREAS, said parties desire to document this supply-purchase agreement,
SAID PARTIES AGREE AS FOLLOWS:
1. That the Supplier will supply and the Purchaser will purchase 1,000 kilos
of "Cat's Claw Extract" per month, starting April 1, 1998.
2. That the Purchaser will pay the sum of $44.00 per kilo of said Extract,
f.o.b. Woodbine, Iowa.
3. That the purchaser will purchase 1,000 kilos of Extract per month
commencing April 1, 1998, and will continue for a total of 12 months a
minimum order for this product.
4. That the Purchaser shall pay for said "extract" within 30 days, and any
delinquent account shall bear interest at the rate of 1.5 percent per
month until paid.
5. That the Supplier agrees not to market or sell any of said "Extract" to
another purchaser within the period of this initial contract.
6. That the Supplier does guarantee that it can process the volume of
"Extract" as stated herein. This guarantee is subject to the condition
that the purchaser supplies the necessary raw materials of "Cat's Claw
Herb", on a timely basis so that the supplier can process said "Extract."
7. As liquidated damages, in the event the purchaser does not purchase the
full amount of "Extract" in accordance with this purchase agreement, the
purchaser agrees that the supplier shall be entitled to 25% of the gross
contract price remaining unpaid at the time as liquidated damages for its
failure to complete the contract.
Dated this 5th day of February, 1998.
TERRADYNE NATURALE, INC. AMAZON HERB COMPANY
BY:/S/ XXXXX XXXXX, PRESIDENT BY: /S/ XXXX XXXXXXXXXX, PRESIDENT
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Xxxxx Xxxxx, President Xxxx Xxxxxxxxxx, President