MEMORANDUM OF UNDERSTANDING

 

MEMORANDUM OF UNDERSTANDING

PARTIES

NATFRESH BEVERAGES CORP, a US corporation incorporated in the State of Neveda and having its registered office at Xxxxxxxx Tower, 0000 Xxxx Xxx Xxxxxxxxx, Xxxxx 0000

Houston, TX 77056, United States of America (“Party A”)

AND

SKY JOY INTERNATIONAL ENTERPRISE LIMITED, a private limited company incorporated

in the Special Administration State of Hong Kong and having its registered office at Flat/RM E, Blk 1, 6/F, Po Hon Building, 00-00 Xxxxxxxx Xxxxxx, Xxxx Xxxx (“Party B”)

RECITAL

WHEREAS Party A is the natural spring water importer and bottling of natural mineral water for human consumption in the United States of America and Republic of Singapore.

WHEREAS Party B possessed a technology to produce or make instant tea by using drinking water in Taiwan, Republic of China.

NOW, both Parties wish to enter into a Joint Venture whereby Party B shall provide technology transfer the technic and processing technology to produce or make instant tea for Party A and for this purpose, Party B shall train Party A’s personnel with a view to achieve this objective.

THIS Memorandum of Understanding is made on good faith and both Parties shall proceed to finalise an Agreement with terms and conditions agreed by both Parties.

Dated this 26^th day of September, 2012 at Singapore.

       /s/ XXX XXXXX XXXX                                                     /S/  XX XXXX XXX

      ____________________________                              __________________________

           XXX XXXXX XXXX                                                           XX LUNG XXX

           Chairman/Director                                                         President/Director