MEMORANDUM OF UNDERSTANDING
BETWEEN
TEENPRO 2000 INC./XX XXXX XXXX XXX
AND
TAGALDER INCORPORATED
This is to confirm that Teenpro 2000 Inc./Xx. Xxxx Xxxx Xxx("Xxx") agrees to
sell and Tagalder Incorporated ("Tagalder") agrees to purchase the web sites
under the following terms and conditions.
1. Teenpro 2000 Inc./Xx. Xxxx Xxxx Xxx own the following web sites:
China Index: Culture, Business and Traveling
URL: xxxx://xxx.xxxxx-xxxxx.xxx/
---------------------------
Description: Provides information and links for daily news, arts, economic,
business, culture, recipe, history, medicine, politics, religions, travel,
agriculture, import and export. Picture and maps
China business index: product, project
URL: xxxx://xxx.xxxxx-xxx.xxx/
-------------------------
Description: Provides information and links to daily business news and overview,
import, export, project, investment, partners, agriculture, laws, government,
suppliers, product, market research and opportunities
China Travel Index: tourist guide
URL: xxxx://xxx.xxxxx-xxxxx-xxxxxx.xxx/
----------------------------------
Description: Provide tourist information, packages, flight and hotel booking,
visa, currency, health, food, weather forecast. Virtual tour with many pictures
of tourist attractions and major cities
China Food Index: picture and recipe
URL: xxxx://xxx.xxxxx-xxxxx-xxxx.xxx/
--------------------------------
Description: Provide information on Chinese food and tea culture, fish, meat,
vegetation, picture and recipe for various Northern, Southern, Sichuan dishes
and dumplings.
2. The Price
Third party evaluator hired by Tagalder will set the total purchase price. Both
parties will negotiate the final price according to the evaluation report.
3. The Management
Xxx agrees to provide two years free maintenance for these web sites.
4. New Development
Xxx will charge for any new development work if required by Tagalder.
5. Payment
Both parties agree that Tagalder will issue common shares at C$0.01 per share to
pay for the purchase of these web sites.
6. Official Approval
This Memorandum of Understanding is conditional upon the following official
approval:
Tagalder's Board
Ontario Regulatory
Tagalder's Shareholders
7. The Memorandum of Understanding is signed on July 6, 2000 by:
Signed by Xxxx-Xxxx Xxx signed by Xxxxx Xxx
____________________ ____________________
XX XXXX-XXXX XXX TAGALDER INCORPORATED
DATE: JULY 6, 2000 DATE: JULY 6, 2000
