Purchase and Sale Agreement
Taglader (2000) Incorporated ("Tagalder")
At 00 Xxxxxxxxx Xxxx. Xxxxxxxx Xxxxxxx, Xxxxxx LST 2R3
And
Shantou Xxxxx Xxxxxx Farming Co., Ltd. ("Fuhua")
At Maitiandu, Dahao, Majiao Heshe, Shangtou, Guangdong, China
Have reached a purchase and sales agreement that Tagalder agrees to sell and
Fuhua agrees to purchase 3,000 emu eggs in the amount of US$390,000 at a proce
of US$130,000 per piece, FOB from the producing farms under the following terms
and conditions:
1. The price includes all quarantine cost incurred by the producing farm but
not include the quarantine expenses required from Chinese government, in which
the Chinese government may require sending Chinese officers to visit the
producing farm.
2. The purchaser must arrange t heir own transportation and insurance for
the transportation of the emu eggs. The sellers will not be responsible for any
damage during the transportation.
3. The shipping schedule is set out as:
Date The Farm Quantity
2001/02 Canada 200
2001/03 Canada 300
2001/04 Canada 300
2001/07 Xxxx 000
0000/00 Xxxx 300
2001/11 Canada 300
2001/12 Canada 300
2002/07 Canada 300
2002/08 Xxxx 000
0000/00 Xxxx 400
Total 3,000
4. It is agreed that the quantity and shipping schedule can be adjusted
according to the practical situation.
5. Fuhua agrees to pay Tagalder when the shipping documents are presented to
Fuhua.
6. Both parties agree that this is a binding contract. The party which
wished to terminated the contract must inform the other party 2 months
before the 1st shipment in the laying season or when the quarantine starts
for the laying season, t he eggs committed for that season must be shipped
and paid.
This agreement is signed in Shangtou, China on the 6th date, November, 2000.
Purchaser:
By: /s/ signature unknown
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Shantou Xxxxx Xxxxxx Farming Co., Ltd. ("Fuhua")
At Maitiandu, Dahao, Majiao Heshe, Shangtou, Guangdong, China
Seller:
By: /s/ Ming-Xxxx Xxx
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Taglader (2000) Incorporated ("Tagalder")
At 00 Xxxxxxxxx Xxxx. Xxxxxxxx Xxxxxxx, Xxxxxx LST 2R3
