LETTER OF INTEREST
Tagalder Technology Corporation ("Tagalder") and Wongas Corp. ("Wongas") have
expressed mutual interest in promoting an Internet Based international trade
business, in which Xxxxxx will provide the product sources and Tagalder will
provide the international market for the products.
Wongas is a trading company at Rm 0000, Xxxxx 0, Xxxx-Xxx Xxxxx, 000 Xxxx Xxxx
Xxxx, Xxxxxxxxx, Xxxxx. Xxxxxx has direct source to more than 1,500 suppliers
and hundreds of products in the Guangdong and Southern China.
Tagalder has been developing an Internet based business-to-business system which
has worldwide inquiries about China-made products.
It is the initial plan that Tagalder will be responsible to select and enter 20
vendors per month, average 10 products per vendors onto the web database.
Tagalder will receive orders and inquiries from wholesalers and importers.
Xxxxxx will be responsible for coordinating with the suppliers for product
shipment. It may take 18 months to complete entering the major vendors into the
database.
Tagalder will charge 3% to 6% on trading transactions. In addition, Tagalder
will charge C$40 per category of product per year for the initial design and
posting the product onto the web. The service charge will be deducted from the
first transaction completed for the vendor, which supplies the product. Renewed
charge will be the same as C$40 per category of product per year.
A formal engagement must be reached by December 31, 2000.
This Letter of Interest is signed on 8th Day of November 2000.
By signer unknown
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Tagalder Technology Corporation
By signer xxxxxx
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Wongas Corp.
