Crop Purchase Agreement
BY AND BETWEEN:
Gladwin Farms, Ltd.
0000 Xxxxxxx Xxxx
Xxxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx X0X 0X0
(hereinafter referred to as the "Seller")
-OF THE FIRST PART
AND:
Nutri Xxxxx Industries, Inc.
00000 Xxxxxx Xxxxxxx
Xxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx X0X 0X0
(hereinafter referred to as the "Purchaser"
-OF THE SECOND PART
WHEREAS:
THE SELLER HEREBY WARRANTS THAT:
(1) The Seller is a resident of the Province of British Columbia, Canada, and
has the authority to enter into this Crop Purchase Agreement to sell the
2002 crops of Blueberries, Cranberries and Raspberries, hereinafter
referred to as the "Crops".
(2) The Seller is a bona-fide owner of the Crops and has the ability to sell
these Crops at a specified price.
(3) The Seller is hereby offering the sale of the subject Crops in the form of
________________________________________.
(4) The Seller hereby warrants that the subject Crops shall be FOB, Xxxxxxxxxx,
Xxxxxxx Xxxxxxxx, Xxxxxx
(5) The Seller hereby agrees that the Purchaser will have the right to purchase
subsequent Crops for the years 2003 and 2004 under similar terms and
conditions.
(6) All payments must be made by bona-fide Letter of Credit or other form of
payment acceptable to the Seller.
THE PURCHASER HEREBY WARRANTS THAT:
(1) The Purchaser is a publicly held Nevada corporation and has the Board of
Directors approval to enter into this Agreement.
(2) The Purchaser is desirous of purchasing the subject Crops from the Seller
in the form of ______________________ on or about the month of
____________, 2002.
(3) The Purchaser agrees to purchase the subject Crops from the Seller and take
delivery of the Crops in Xxxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx.
(4) The Purchaser agrees to pay for the Crops in the form of a bona-fide Letter
of Credit or other form of payment acceptable to the Seller.
NOW THE PARTIES DO HEREBY AGREE AS FOLLOWS:
(1) The Seller and Purchaser are entering into this agreement this 29th day of
April, 2002.
(2) The Seller agrees to sell to the Purchaser the following Crops:
6,000,000 pounds of Blueberries @ $.85 USD per pound; and
2,000,000 pounds of Cranberries @ $.55 USD per pound
(3) In the event of dispute regarding this Agreement, the Parties hereto agree
to the jurisdiction of British Columbia, Canada for any and all legal
matters pertaining to the Agreement.
THE FOLLOWING DO HEREBY AFFIX THEIR SIGNATURES:
Seller:
/s/ Xxxxxxxx Xxxxx
________________________________________
Xx. Xxxxxxxx Xxxxx for Xxxxxxx Farms, Ltd.
Purchaser:
/s/ Xxxxx Xxxxxxx
________________________________________
Xx. Xxxxx Xxxxxxx for Nutri Xxxxx Industries, Inc.
