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| CMD | CHINA MERCHANDISE (USA) DISTRIBUTION CENTER, INC.
| | MANUFACTURER, IMPORT & EXPORT
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000 Xxxxxx Xxxxxx, Xxxxxxxx, XX 00000, X.X.X.Xxx: 000-000-0000 Fax: 000-000-0000
xxx.xxxxxxx.xxx e-mail: xxxx@xxxxxxx.xxx
AGREEMENT
THIS AGREEMENT HAS BEEN DRAWN UP ON JANUARY 22, 2002.
A. CMD (USA) INC. B. NYIC GROUP
000 Xxxxxx Xxxxxx 00 Xxx Xxxx Xxxxx
Xxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
THE ABOVE NAMED PARTIES HAVE AGREED TO THE FOLLOWING:
CMD (USA) INC. and NYIC Group. Shall join partnership expanding International
Trade, including America and Canada Markets.
1. CMD (USA) Inc., resources include: Seafood, Candy, Cookies, Dried
Food, Canned Goods, Soy Sauce, Hardware, Frozen Food, Asian Food,
House Xxxx, Health Products and Herbal Products.
2. NYIC Group shall merchandise credit line to CMD (USA) Inc.
First Year: USD $10,000,000.00
Second Year: USD $15,000,000.00
Third Year: USD $20,000,000.00
Thereafter will increase according to conditions:
3. CMD (USA) Inc. full responsibilities include North America,
Canada and South East Asia Markets also responsible for
collecting all debts.
4. NYIC Group. Shall ensure that the products supplied are good
quality, if there is any damage goods, NYIC Group shall replace
or refund any damage goods when CMD (USA) Inc. Provides proof for
the damaged goods. But CMD (USA) Inc. can not refuse or delay the
payment of damage goods.
5. Both parties agree to term payment after 60 days of the shipment
of the products.
6. When NYIC Group. Receives the purchase order or sales order from
CMD (USA) Inc.'s vendors, according vendors requesting NYIC Group
shall
provide products, price and samples to vendor after CMD (USA)
Inc. has verify the purchase order.
7. CMD (USA) Inc. shall entrust expert manufacturers in China to
produce special food packaging and labels for products. NYIC
shall finance the production of goods in China. All transactions
shall be done within China. NYIC shall be reasonable for all
export documentations.
8. CMD (USA) Inc. shall be fully responsible for North America,
Canada and South East Asia's marketing research. CMD (USA) Inc.
shall keep NYIC Group update on all market demands and needs.
NYIC shall provide any necessary changes that the market Demands.
THIS AGREEMENT SHALL REMAIN VALID FOR A PERIOD OF THREE YEARS.
THIS AGREEMENT SHALL BE ACTIVE WITH BOTH SIGNATURES ADDRESSING IT.
A. DULY REPRESENTS FOR CMD B. DULY REPRESENTS FOR NYIC GROUP.
(USA) INC.
__________________________________ __________________________________
XXXX XXXX NC XXXXXXX XXXX
PRESIDENT VICE PRESIDENT
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