EXHIBIT #10.1
[REPORTING COMPANY NOTE: THE FOLLOWING IS A ROUGH ENGLISH TRANSLATION OF THE
CHINESE ORIGINAL AND CERTAIN ENGLISH WORDS THAT WERE DROPPED OR NOT INCLUDED IN
THE TRANSLATION HAVE BEEN REINSERTED IN THE FOLLOWING TEXT OF THE AGREEMENT]
Agreement for Exclusive Agent
First Party: Yiwu Generating Equipment Co., Ltd.
Address: [deleted]
Second Party: China Direct Trading Corporation
Address: [deleted]
The first party is a special company producing generating sets which
are registered in China, the main product type includes: Diesel generator,
Gasoline generator, Kerosene generator, Natural gas generator and LPG generator
gas. The second is a company engaged in sale of power sets in the USA. Now on
basic [terms] of bilateral mutual benefit [to the parties], concerned to
exclusive agent of gas generator produced by the First Party, both part [ies]
[to] achieve the following items:
Second party is the exclusive agent of the First Party about LPG
generator[s] in market of USA, so the First Party can't establish a
second agent [for that market], if there is an American customer
inquiry to the First Party, the First Party should promptly pass on the
information to the Second Party.
The Second Party should positively develop a [program] for the product
develop [ment] market, set up distributor [network] and expand sales
volume. The Second Party agrees to purchase 3 million US Dollars sales
volume in a year, and in batches give the order to the First Party. The
Second Party should establish fittings and after service center, employ
special maintenance [staff], and the First Party should support it in
technology and training.
The Second Party [shall] give the First Party the order group by group
[USA orders for LPG generators], the First Party should [deliver] on
time [to] the [customer] premises, guarantee the quality and quantity.
E Ach time when the Second party orders, both parties should sign the
sales contract, payment method being LC or TT.
If the Second Party can put across the ordered goal, it shall have
priority to be the exclusive agent in the USA for the second year [of
this Agreement]. If the Second Party can't complete order goal
[herein], after the First Party attest and analysis, the First Party
shall have the right to abolish [cancel] [exclusivity] of the Second
Party [hereunder]. This Agreement is valid from 1st October 2005 to
30th September 2006. This Agreement altogether two, both sides
respectively have one, both parties will through negotiations serve
things not included {This Agreement consists of two sides, the two
constituting the Agreement. The parties agree to do all acts necessary
to execute and implement this Agreement].
[Signatures of Parties]
Dated: September 27, 2005
