Sales Contract
EXHIBIT
10.5
Sales
Contract
Party
A:
Inner Mongolia Yongye Biotechnology Co., Ltd.
Party
B:
Inner Mongolia Yongye Nongfeng Biotechnology Co., Ltd.
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1.
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This
Sales Contract is entered into as of the April 1, 2008 between Party
A and
Party B to purchase the entire year’s finished goods from Party A,
according to the Cooperation
Agreement made
on January 15, 2008 between Party A and Party
B.
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2.
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Party
B agrees to purchase 430,000 cases of ShengMingSu for plants from
Party A
during the year. Party B also agrees that the first lot of 217,500
cases
of finished goods include 165,000 pieces of ShengMingSu for plants
and
52,500 cases of ShengMingSu for animals and these wll be supplied
by Party
A as a part of the finished goods for this
year.
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3.
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As
for the remaining 265,000 cases of ShengMingSu for plants, Party
A will
supply 50,000 cases each month for the months April, May, June and
July,
2008 according to the orders of Party B. The remaining 65,000 cases
should be supplied to Party B under orders of Party B in the fourth
quarter. The pricing of the products mentioned above is covered under
the
Cooperation Agreement on
January 15, 2008.
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4.
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Party
A should guarantee that the products are supplied in line with the
required quantity and time of the orders of Party B. If the supply
exceeds
the time limit or the quantity is not sufficient, Party B has the
right to
pursue liability on the part of Party A and to receive compensation
from
Party A.
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5.
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Any
issues not mentioned in this agreement shall be settled through
negotiation between both parties.
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6.
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The
contract is in duplicate of the same form, each party holds
one.
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7.
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This
contract will take effect only after both parties
stamped.
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Stamp
of
Party A:
Sealed
by
Inner Mongolia Yongye Biotechnology Co., Ltd.
Date: April
1,
2008
Stamp
of
Party B:
Sealed
by
Inner Mongolia Yongye Nongfeng Viotechnology Co., Ltd.
Date:
April
1,
2008
