Sales Agreement
Exhibit
10.3
This
agreement is entered into by and between the Jiangxi Taina Nanfeng Orange
Limited (hereinafter called ‘the Jiangxi Taina’) and the Inner Mongolian Menglin
Fruits Limited (hereinafter called ‘the Menglin Fruits’).
Both
parties have reached the following agreement on selling Nanfeng tangerine orange
to Russia in 2007, on the basis of the principles of equality, cooperation,
mutual benefits and win-win results:
I.
Distributed brand: to distribute original Taina-branded Nanfeng tangerine
orange;
II.
Sales
volume: 3,000 tons
III.
Sales price: to deliver the products at an 8%-off prevailing market price;
IV.
Settlement: to make the payment upon the delivery to Manchuria, Inner Mongolia,
China;
V.
Right
of distribution: as a general distributor of tangerine orange to be exported
to
Russia;
VI.
Other
arrangements: Warm-up facilities have to be utilized in the process of transport
to ensure no freezing suffered by tangerine orange after arrival;
VII.
Responsibility of breach: The Jiangxi Taina shall be under penalty of RMB 0.2
yuan per 500 grams, if the quality of tangerine orange it delivers fails to
meet
the requirements of the Yunpeng Fruits;
VIII.
This agreement shall be made in duplicate, each maintaining one of the
copies,
and shall come into force since the date when it is signed and sealed by
both
parties.
Jiangxi
Taina (Corporate chop) Menglin Fruits (Corporate Chop)
Signed
by
representative: Signed
by
representative:
Date:
Feb. 8, 2007 Date:
Feb. 8, 2007
