Exhibit 10.23
 
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New Leaf Brands, Inc.’s Purchase Order & Working Capital Financing

Dear Creditor,

Please accept the proposed terms to finance the purchase orders of the current
inventory and pending production slated for 6/15/11 and the resulting domestic
accounts receivable (“Receivables”) of New Leaf Brands, Inc.

Total Amount: $400,000

Type:           Purchase Order Factoring Loan.

Purpose:
The proposed will finance working capital and purchase orders of the pending
production slated for 6/15/11.

 
Term: 60 days (August 15th,   2011) with a 5 day grace period.

Assignment Of Proceeds From Schedule ‘A’ Purchase Order/ Accounts Receivable and
Hereafter:

 New Leaf will be required to remit future Accounts Receivable funds from the
6/15/11 PO financed production and current inventory to the creditors on a
parri-passu basis until the outstanding advance plus the fully accrued interest
payments is paid in full and generate approximately $430,000 in domestic
accounts receivable (“Receivables”) with inventory in stock and pending
production and all future accounts receivable.

Service Fee: A service fee of 6.67% of the face amount of each purchase invoice
for first 60 days, payable upon
purchase. For each additional day thereafter, the fee will be 0.05% of the
outstanding balance. By example,
we advance you $400,000, then the first $426,000 of funds from the checks of
Schedule A and all future receivables thereafter will be sent to you until we
have fulfilled all obligations to you.

CFO Attestation:

●  
David Tsiang is the Chief Financial Officer of New Leaf Brands, Inc.

●  
The primary source of repayment will be accounts receivable generated by the
slated production and current inventory on hand.

●  
Upon receipt of all checks/ funds from the ‘Schedule A’ purchase orders, the
Company will

o  
Make a pdf of the check and email a reconciliation to the Investor

o  
Deposit the funds and once available all funds,

o  
Send the Creditor a signed reconciling statement to the Investor. It is
anticipated that this will be done on weekly basis upon.

 
 
 
 
 

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Form Of….
The Aforementioned terms and conditions have been agreed by;

New Leaf Brands, Inc.
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__________________________

Investor 1 Accepted By:

___________________________
By:
As:

Investor 2 Accepted By:

___________________________
By:
As: