iPura® Supplier
Agreement

     

    This
iPura® Supplier
Agreement (“Agreement”)
is dated, for reference purposes only, the _____ day of _______________ 2008
(the "Effective Date"),
by and between

     

    BINH AN SEAFOOD JOINT STOCK
COMPANY, a company organized and duly established under the laws of the
Socialist Republic of Vietnam ("Processor"):

     

    
      
        
          	
                  Business Registration Certificate
      No.

                	
                  :

                	
                  5703000294

                
	 
      	 
      	 
      
	
                  Date of issuance

                	
                  :

                	
                  18/04/2007

                
	 
      	 
      	 
      
	
                  Place of issuance

                	
                  :

                	
                  Department
      of Planning and Investment of Can Tho

                
	 
      	 
      	 
      
	
                  Address
      of head office

                	
                  :

                	
                  Lot
      2. 17 Tra Noc II Industrial Park, Can Tho City, Vietnam

                
	 
      	 
      	 
      
	
                  Represented by

                	
                  :

                	
                   Ms. Pham Thi Dieu
      Hien , General Director

                
	 
      	 
      	 
      
	
                  Tel

                	
                  :

                	
                  00847103
      251 403

                
	 
      	 
      	 
      
	
                  Fax

                	
                  :

                	
                  00847103
      251 402

                


        

      

    

    and

     

    iPura Food Distribution Co., Inc.,
a corporation organized and duly established under the laws of the State of
Delaware, United States of America ("IFD"):

     

    
      
        
          
            
              
                
                  	
                          Certificate of Incorporation
      No.

                        	
                          :

                        	
                          456
      1276

                        
	 	 	 
	
                          Date of issuance

                        	
                          :

                        	
                          13
      June 2008

                        
	 
      	 
      	 
      
	
                          Place of issuance

                        	
                          :

                        	
                          Wilmington,
      Delaware

                        
	 
      	 
      	
                          Corporate
      Trust Center

                        
	 
      	 
      	
                          1209
      Orange St.

                        
	 
      	 
      	
                          Wilmington,
      Delaware 19801
USA

                        


                

              

            

          

        

      

    


    
      
         


      

      
        1

        
          

        

      

      
         


      

    

     

    
      
        
          
            	
                    Address of head
      office

                  	
                    :

                  	
                    13
      Court St.

                  
	 
      	 
      	
                    Hanford,
      Ca 93130

                  
	 
      	 
      	 
      
	
                    Tel

                  	
                    :

                  	
                    559-590-0100

                  
	 
      	 
      	 
      
	
                    Fax

                  	
                    :

                  	
                    559-589-0111

                  
	 
      	 
      	 
      
	
                    Represented by

                  	 
      	
                    :
      Stanley John Bien-USA Passport
712060-193

                  


          

        

      

    

     

    IFD and
Processor are sometimes hereinafter referred individually to as “Party” and collectively to as
“Parties”.

     

    Recitals:

     

    
      	
               
      

            	
              A.

            	
              IFD
      is a wholly-owned subsidiary of Global Food Technologies, Inc., a
      corporation organized and duly established under the laws of the State of
      Delaware, United States of America (“GFT”), for the purpose
      of engaging in the procurement and distribution of various foods processed
      through GFT’s “iPura
      System”.

            


    

     

    
      	
               
      

            	
              B.

            	
              Processor
      is in the business of processing certain species of seafood (defined more
      specifically below under “Seafood”) at “Processor’s Plant”, from
      live to packaging, and then selling that packaged product to its
      customer(s).

            


    

     

    
      	
               
      

            	
              C.

            	
              Concurrently
      with the execution of this Agreement, GFT and Processor have entered into
      that certain iPura Food
      Safety & Quality Assurance Services Agreement (“iPura Services Agreement”) of
      even date herewith, providing to Processor some of the benefits of GFT’s
      iPura
      Food Safety and Quality Assurance Services Program (“iPura Food Safety Program”),
      representing The Highest
      Standard in Food SafetyTM, making food products cleaner and safer
      without affecting the natural taste, texture, color or nutritional value
      of the processed food.  IFD is the “Buyer” referred to in
      the iPura
      Services Agreement.

            


    

     

    More
importantly, the Processor via this business arrangement with GFT under this
Agreement will have better chances to gain recognition as having the highest
standards in processing seafood and food safety in the international market,
especially in the U.S., and also have an opportunity to gain international
market share.


    
      
         


      

      
        2

        
          

        

      

      
         


      

    


    
      	
               
      

            	
              D.

            	
              Processor
      is concurrently entering into the iPura
      Services Agreement and this Agreement for the purpose of implementing
      Processor’s desire to participate in GFT’s  “iPura  Supplier Program”, which
      will consist of two principal components in the arrangements between
      Processor and GFT:  the iPura
      Food Safety
      Program, as more particularly described in the iPura
      Services Agreement, and
      a supplier arrangement between Processor and GFT and/or one of GFT’s
      affiliated companies (referred to as the “Buyer” in the iPura
      Services Agreement), as effected by this Agreement (referred to as the
      “SA” in the iPura
      Services Agreement) between Processor and IFD, whereby Processor agrees to
      fulfill all of IFD’s orders for Processor’s Seafood bearing the iPura
      Seal on its packaging (such Seafood being referred to as “iPura-labeled
      Seafood”).

            


    

     

    
      	
               
      

            	
              E.

            	
              This
      Agreement sets forth the understanding between Processor and IFD
      concerning Processor's acting as a supplier to fulfill IFD’s orders for
      iPura-labeled
      Seafood in satisfaction of the requirement that Processor enter into a SA
      with GFT and/or one of GFT’s affiliated companies as required for
      participation in the iPura
      Supplier Program.

            


    

     

    NOW,
THEREFORE, in consideration of the mutual covenants and promises contained
herein, Processor and IFD agree as follows:

     

    
      	
              1.

            	
              DEFINITIONS.

            


    

     

    As used
herein, the following terms have the following meanings:

     

    
      	
               
      

            	
              1.1

            	
              Buyer has the
      meaning set forth in Preambles C and D
above.

            


    

     

    
      	
               
      

            	
              1.2

            	
              Confidential
      Information has the meaning set forth in Section
    10.1.

            


    

     

    
      	
               
      

            	
              1.3

            	
              Direct
      Competitor means any person or entity whose primary business is
      food processing and/or food safety, or any person or entity controlling,
      controlled by or under common control with such a person or
      entity.

            


    

     

    
      	
               
      

            	
              1.4

            	
              Effective Date
      means the date this Agreement and the iPura
      Services Agreement are finally signed by both Parties, and this Agreement
      shall not be effective unless and until each Party has executed it and the
      iPura
      Services Agreement and provided the other with a copy of it and the iPura
      Services Agreement containing their original signature in accordance with
      the terms of this Agreement and the iPura
      Services Agreement.  In furtherance thereof, the last party to
      sign shall insert the date it signs this Agreement and the iPura
      Services Agreement in the space provided for the "Effective Date" in the
      first paragraph on Page 1 of this
Agreement.

            


    


    
      
         


      

      
        3

        
          

        

      

      
         


      

    


    
      	
               
      

            	
              1.5

            	
              FFDCA has the
      meaning set forth in Section
6.1(b).

            


    

     

    
      	
               
      

            	
              1.6

            	
              FPLA has the
      meaning set forth in Section
6.1(b).

            


    

     

    
      	
               
      

            	
              1.7

            	
              Force Majeure
      means, in relation to either Party, any event that is beyond the
      reasonable control of any Party which has not been brought about at the
      instance of the Party claiming an event of Force Majeure and which such
      Party could not prevent or overcome despite having exercised due care and
      diligence and which results in failure of the implementation of the
      Agreement. Such events, provided they satisfy the requirements stated in
      the preceding sentence, shall include, but not be limited to, the
      following: (a) earthquake or flood; (b) cyclone or other extreme climatic
      disturbances; (c) acts of terrorism; (d) war or hostilities (whether
      declared or not); (e) change in government regulations; and (f) new legal
      prohibitions including i.e., the refusal to issue visas or export
      licenses, invasion, act of foreign enemy, rebellion, weapon conflict or
      military actions, civil war, ionizing radiation, contamination by
      radioactivity from nuclear fuel, any nuclear waste, radioactive toxic
      explosion or volcanic eruptions;

            


    

     

    
      	
               
      

            	
              1.8

            	
              GFT Personnel
      means any and all employees, officers, agents, independent contractors and
      representatives of GFT.

            


    

     

    
      	
               
      

            	
              1.9

            	
              Governmental
      Authority means any law, statute, ordinance, rule, regulation,
      order, writ, injunction, decree, judgment, award or other order or
      requirement of any foreign, federal, state or local governmental or
      regulatory body, department, bureau, office, administrative agency, court
      or authority or body.

            


    

     

    
      	
               
      

            	
              1.10

            	
              Installation
      Date means that date when GFT gives notice to Processor that it has
      accepted Processor's complete installation of the iPura
      System at the Site and the iPura Food Safety Team, consisting of a
      microbiologist, quality control supervisor, process engineer, maintenance
      technician and sanitation supervisor, in shifts determined by GFT as
      provided in the iPura
      Services Agreement, is prepared to accept Product for processing through
      the system.

            


    

     

    
      	
               
      

            	
              1.11

            	
              IFD Indemnitees
      has the meaning set forth in Section
6.2.

            


    

     

    
      	
               
      

            	
              1.12

            	
              iPura Food
      Safety Program means
      the iPura System and the
      iPura Services.

            


    

     

    
      	
               
      

            	
              1.13

            	
              iPura-labeled Seafood
      has the meaning set forth in Preamble
D.

            


    


    
      
         


      

      
        4

        
          

        

      

      
         


      

    


    
      	
               
      

            	
              1.14

            	
              iPura Seal means the
      trademarked marketing materials set forth on Exhibit A to the iPura
      Services Agreement, or such other materials as GFT shall provide to
      Processor from time to time and identify as part of the iPura
      Seal.

            


    

     

    
      	
               
      

            	
              1.15

            	
              iPura Services means
      the onsite services performed by GFT Personnel utilizing the iPura System as more
      specifically delineated in Section 4 of the iPura
      Services Agreement.

            


    

     

    
      	
               
      

            	
              1.16

            	
              iPura Supplier
      Program has the meaning set forth in Preamble D
    above.

            


    

     

    
      	
               
      

            	
              1.17

            	
              iPura System  means
      the combination of GFT’s proprietary integrated equipment,
      parts/tools/supplies, methods,  processes and other components
      specially manufactured, installed, operated, monitored and/or maintained
      by or for GFT to treat Product which, when so treated, is eligible for
      packaging in packages bearing the iPura
      Seal, all as more particularly described in the iPura
      Services Agreement.

            


    

     

    
      	
               
      

            	
              1.18

            	
              iPura Food Safety &
      Quality Assurance Services Agreement means that certain agreement
      between GFT and Processor executed concurrently herewith and dated the
      same date hereof, providing to Processor some of the benefits of the iPura Food Safety
      Program.

            


    

     

    
      	
               
      

            	
              1.19

            	
              iPura Services
      Agreement means the iPura Food Safety &
      Quality Assurance Services
Agreement.

            


    

     

    
      	
               
      

            	
              1.20

            	
              MFP and Adjusted MFP
      have the meanings set forth in Section
  4.1.

            


    

     

    
      	
               
      

            	
              1.21

            	
              More Favorable MFP
      and Adjusted More
      Favorable MFP have the meanings set forth in Section
      4.1.

            


    

     

    
      	
               
      

            	
              1.22

            	
              Ordered Product
      has the meaning set forth in Section
6.1(a).

            


    

     

    
      	
               
      

            	
              1.23

            	
              Processor's
      Plant means the processing facility occupied by Processor at Lot 2. 17 Tra Noc II
      Industrial Park, Can Tho City,
Vietnam

            


    

     

    
      	
               
      

            	
              1.24

            	
              Product means
      the seafood products to be designated by the
      Parties.  Initially, the only Product is
  Seafood.

            


    

     

    
      	
               
      

            	
              1.25

            	
              Seafood means
      only Products Produced from Pangasius hypothamus
      Fish .

            


    

     

    
      	
               
      

            	
              1.26

            	
              SA has the
      meaning set forth in Preamble D
above.

            


    


    
      
         


      

      
        5

        
          

        

      

      
         


      

    


    
      	
               
      

            	
              1.27

            	
              Targeted
      Territories has the meaning set forth in Section
    5.2.

            


    

     

    
      	
               
      

            	
              1.28

            	
              Term, Initial
      Term and
      Renewal
      Term have the meanings set forth in Section
  8.

            


    

     

    
      	
               
      

            	
              1.29

            	
              United States
      means the United States of America and all of its
    territories.

            


    

     

    
      	
               
      

            	
              1.30

            	
              Vietnam means
      the Socialist Republic of Vietnam.

            


    

     

    
      	
               
      

            	
              1.31

            	
              Vietnam
      Dong means the
      lawful currency of Vietnam.

            


    

     

    
      	
               
      

            	
              1.32

            	
              Vietnamese
      Authority means any and all of the following: the National Assembly
      of Vietnam, the Standing Committee of the National Assembly of Vietnam,
      the President of the Socialist Republic of Vietnam, the Government of
      Vietnam, the Prime Minister, the Government Office, any Ministries, any
      People's Committees or any other State agency in
  Vietnam.

            


    

     

    
      	
              2.

            	
              FULLFILLMENT
      of IFD ORDERS for iPura-LABELED
      SEAFOOD.

            


    

     

    
      	
               
      

            	
              Processor
      shall promptly process, fulfill, supply and ship all orders submitted by
      IFD for iPura-labeled
      Seafood on the terms and conditions set forth in this
      Agreement.  Processor shall ship each order to any location in
      the world designated by IFD in the documentation for such
      order.

            


    

     

    
      	
               
      

            	
              Processor
      shall not (a) attach the iPura
      Seal to any Product or package other than to Seafood and packages ordered
      by IFD, (b) fulfill or otherwise honor any order for iPura-labeled
      Seafood submitted by or destined to customers other than IFD or persons or
      entities designated in writing by IFD, nor (c) use the iPura
      name or likeness in promoting, selling or otherwise marketing other than
      iPura-labeled
      Seafood.  It is the intent of the Parties that Processor be one
      of IFD’s suppliers to assure IFD of a reliable source of iPura-labeled
      Seafood under GFT’s iPura
      Supplier Program, and that Processor implement, observe and maintain the
      highest standard in food safety at Processor’s Plant in conformance with
      the iPura Food Safety
      Program throughout the Term of this Agreement to ensure that iPura-labeled
      Seafood is recognized internationally as the safest and best quality
      Seafood available.

            


    

     

    
      	
               
      

            	
              Any
      violation by the Processor of the obligations provided in Sections 2.1 and
      2.2 shall be considered a material breach, entitling IFD not only to
      pursue any and all remedies available to it but also to terminate this
      Agreement in accordance with Section
8.3(b).

            


    


    
      
         


      

      
        6

        
          

        

      

      
         


      

    

     

    
      	
               
      

            	
              3.

            	
              REFERRAL OF LEADS AND
      INQUIRIES.

            


    

     

    
      
        	
                
                

              	
                 3.1

              	
                From
      time to time, Processor may receive leads or inquiries concerning the
      purchase of iPura-labeled
      Seafood. Processor shall immediately notify and, within twenty-four (24)
      hours after its receipt of such lead or inquiry, direct all such leads and
      inquiries to IFD in the most expeditious manner possible, and IFD will
      attempt to obtain a purchase order for the requested iPura-labeled
      Seafood from the particular potential customer so inquiring as soon as
      possible after Processor sends the name of such potential customer to
      IFD.

              


      

    

     

    
      	
               
      

            	
              4.

            	
              PRICES AND
      PAYMENTS.

            


    

     

    
      	
               
      

            	
               4.1

            	
              Charges to IFD.

            


    

     

    
      	
               
      

            	
              (a)

            	
              For
      a term of one year following the Installation Date, Processor undertakes,
      represents and warrants that the price and aggregate economic and sale
      terms under this Agreement with respect to any Seafood shall at no time be
      less favorable to IFD than one and half cents (US$0.015) per Pound below
      the MFP (as defined below) applicable to for Seafood of the same
      specifications (such specification shall be determined by the final
      product form but does not include packaging) and quality ordered by IFD,
      or an item substantially similar to such Seafood (the “Adjusted MFP”).

            


    

     

    
      	
               
      

            	
              (b)

            	
              Within
      the first 3 (three) days of a calendar month), Processor shall provide to
      IFD a list of its most favorable prices of Seafood of all specifications
      that it will have sold to other third party customers during the
      immediately preceding full calendar month without revealing the identity
      of such customers (the “MFP”) and warranty the
      truthfulness of such list.

            


    

     

    
      	
               
      

            	
              (c)

            	
              Subject
      to paragraph (d) below, the Processor undertakes not to sell Seafood to
      any other customers at the price lower than the MFP for  Seafood
      of the same specification.

            


    

     

    
      	
               
      

            	
              (d)

            	
              Processor
      agrees to sell to IFD, and IFD agrees to purchase from Processor, all the
      Seafood IFD orders at the then applicable Adjusted
  MFP.

            


    


    
      
         


      

      
        7

        
          

        

      

      
         


      

    


    
      	
               
      

            	
              (e)

            	
              If
      at any time Processor offers to sell Seafood with the same specification
      or any items substantially similar to such Seafood at prices or on
      aggregate economic and sale terms more favorable than the MFP most
      recently determined (“More Favorable MFP”),
      Processor shall give IFD prompt notice of such offer within three (3)
      business days and thereafter the most recently determined Adjusted MFP
      shall be immediately and automatically adjusted increased or decreased to
      be determined by the raw material situation for the next orders ("Adjusted More Favorable
      MFP").

            


    

     

    
      	
               
      

            	
              (f)

            	
              If
      there is any dispute arising regarding the truthfulness of the MFP
      provided in accordance with paragraph (a) or the compliance of Processor
      with the undertakings in this Section 4.1, IFD has the right to terminate
      this Agreement.  In addition, if the breach of the warranty in
      paragraph (a) and/or of the undertakings in this Section 4.1 is proven,
      IFD shall have the right to invoke the right provided to it in Section
      8.3.

            


    

     

    All
references to “Pound” and “Pounds” in this Agreement are to the US Standard
Weights and Measures system of measurement.

     

    
      	
               
      

            	
              4.2

            	
              Payments to
      Processor.

            


    

     

    
      	
               
      

            	
              (a)

            	
              Payments
      to Processor shall be made per the terms of the most recently determined
      Adjusted MFP or Adjusted More Favorable MFP, as appropriate, and the other
      MFP provisions determined pursuant to Section 4.1.  All payments
      made by IFD to Processor pursuant to this Agreement shall be in United
      States Dollars.

            


    

     

    
      	
               
      

            	
              (b)

            	
              When
      due pursuant to the MFP provisions of Section 4.1, payment by IFD shall be
      made by bank transfer through the designated account of Processor or
      payment term is L/C at sight.

            


    

     

    
      	
              5.

            	
              OBLIGATIONS,
      COVENANTS, REPRESENTATIONS and WARRANTIES of
      IFD.

            


    

     

    
      	
               
      

            	
              5.1

            	
              Standards and Selling
      Efforts.  IFD shall use commercially reasonable efforts
      to sell and distribute the iPura-labeled
      Seafood and promote and solicit orders for the iPura-labeled
      Seafood so as to create substantial volume of profitable business for
      Processor and IFD, (a) first, in the United States, and (b) secondarily,
      outside of the United States when, in IFD’s sole judgment, the United
      States market has been developed sufficiently to justify expanding to
      areas outside of the United
States.

            


    


    
      
         


      

      
        8

        
          

        

      

      
         


      

    


    
      	
               
      

            	
              5.2

            	
              Governmental
      Authority.  IFD shall promptly and continuously obey all
      Governmental Authority required for the sale and distribution of
      iPura-labeled Seafood in the relevant areas targeted periodically under
      the timetable determined under the provisions of Section 5.1(a) and (b)
      above (the “Targeted
      Territories”). In the event IFP decides to sell and distribute
      iPura-labeled
      Seafood in Vietnam, it is understood that IFP shall also promptly and
      continuously obey all relevant regulations required for the sale and
      distribution of iPura-labeled
      Seafood in Vietnam, including obtaining any necessary approvals and
      permits from the relevant Vietnamese Authority, if so required by the laws
      of Vietnam.

            


    

     

    
      	
               
      

            	
              5.3

            	
              Promotion and Advertising.
      IFD shall engage in those marketing and advertising activities it deems
      advisable, in its sole judgment, to promote sales of the iPura-labeled
      Seafood in the Targeted Territories, subject to the relevant regulations
      on marketing and advertising in the Targeted Territories, including the
      relevant regulations of Vietnam if such Seafood is sold in Vietnam, but
      the timing and manner thereof to be determined by IFD in its sole
      discretion.

            


    

     

    
      	
               
      

            	
              5.4

            	
              Notification of Infringements
      or Interferences. Promptly after receiving information of an
      infringement of or interference with its rights hereunder by others, IFD
      shall notify Processor in writing thereof. Said notice shall include, if
      said information is available to IFD, the name, address and all other
      relevant information with respect to the identification and infringing
      and/or interfering actions of said other persons or entities. Upon receipt
      of such notice, and if IFD so requests in writing, Processor shall take
      immediate action to prevent such infringing and/or interfering action from
      continuing and to recover for the benefit of IFD all of the damages
      suffered by IFD as a result thereof.  In the event IFD requests
      such action of Processor, IFD agrees to (1) cooperate fully with Processor
      in the prosecution of such action; (2) bear reasonable costs and expenses
      i.e., legal fees in relation to such prosecution; and (3) assign to
      Processor, in trust for the benefit of IFD, any and all rights that it may
      have as a result of such infringement and/or interference so as to enable
      Processor to realize the maximum possible recovery in such
      action.

            


    


    
      
         


      

      
        9

        
          

        

      

      
         


      

    


    The
proceeds from any settlement or any money judgment rendered in connection with
any action or other proceeding against such infringers or interferers shall be
applied and allocated in the following manner: first, Processor shall be
entitled to an "off-the-top" deduction for its reasonable attorneys' fees, costs
and expenses incurred in connection with such settlement, action or other
proceeding; and second, the remaining amount after such deduction shall be paid
to IFD.  Conversely, IFD may prosecute any such action itself, in
which event Processor agrees to fully cooperate with IFD in the prosecution of
such action.

     

    
      	
               
      

            	
               5.5

            	
              Re-Shipments.  All
      expenses and charges arising out of the diversion or re-consignment of
      shipments of iPura-labeled
      Seafood purchased by IFD caused by the failure of IFD to accept and/or pay
      for same shall be paid by IFD to Processor on
  demand.

            


    

     

    
      	
              6.

            	
              OBLIGATIONS,
      COVENANTS, REPRESENTATIONS and WARRANTIES of
      PROCESSOR.

            


    

     

    
      	
               
      

            	
               6.1

            	
              Compliance.  Processor
      hereby represents and warrants as
follows:

            


    

     

    
      	
               
      

            	
              (a)

            	
              the
      Product, including its packaging and labeling, contained in any shipment
      or delivery made to or on the order of IFD (the “Ordered Product”) shall
      conform to the descriptions and requirements set forth in each respective
      purchase order by IFD;

            


    

     

    
      	
               
      

            	
              (b)

            	
              in
      addition to observing the relevant laws of Vietnam relating to, among
      others, product quality, standards and technical regulations, the
      Processor undertakes to and shall comply with the procedures applicable
      for each order by IFD, and the Ordered Product will not be adulterated,
      mislabeled or mispackaged within the meaning of the United States Federal
      Food, Drug, and Cosmetic Act (the “FFDCA”) or the United States Fair
      Packaging and Labeling Act and related regulations (the
      “FPLA”);

            


    

     

    
      	
            	
              (c) 

            	
              the
      Ordered Product will be fit for human
  consumption;

            


    

     

    
      	
               
      

            	
              (d)

            	
              the
      Ordered Product will be free of antibiotics and any other drugs not
      approved for use in food by the U.S. Food and Drug Administration;
      and

            


    

     

    
      	
               
      

            	
              (e)

            	
              the
      Ordered Product will be in compliance with all applicable Governmental
      Authority, including the relevant laws of Vietnam [relating to, among
      others, product quality, standards and technical
    regulations].

            


    


    
      
         


      

      
        10

        
          

        

      

      
         


      

    


    
      	
               
      

            	
              6.2

            	
              Indemnification.  Processor
      agrees to indemnify, hold harmless and defend IFD, its affiliates and
      their respective directors, officers, agents, employees, representatives,
      successors, and assigns (severally and collectively the “IFD Indemnitees”) from
      and against any and all liabilities, losses, damages, claims, suits and
      expenses, including without limitation reasonable attorneys’ fees, of
      whatever kind and nature imposed upon or incurred by or asserted against
      the IFD Indemnitees relating to or arising out of a breach of this
      Agreement by Processor, including but not limited to breach of the
      warranties set forth in Section 6.1 above.  Processor shall pay
      all costs and damages finally awarded against the IFD Indemnitees in such
      an action provided that IFD gives Processor prompt written notice of such
      claim, reasonable assistance and sole authority to defend and settle such
      claim.  Processor shall pay IFD’s reasonable expenses associated
      with providing such assistance.

            


    

     

    
      	
              7.

            	
              SUPPLIES
      AND DELIVERIES.

            


    

     

    Processor
shall maintain sufficient inventory and supplies to enable it to fulfill and
shall stand ready to deliver promptly all purchase orders submitted by IFD for
the Seafood. Processor undertakes to and shall fulfill all orders submitted by
IFD on a “first priority basis”, processing all of IFD’s orders promptly and
completely after their receipt ahead of all other orders of other customers of
Processor then or later in Processor’s system.  Absent extraordinary
circumstances and any event of Force Majuere, Processor undertakes to and shall,
absent other written instructions received from IFD, make delivery to IFD of
each purchase order submitted by IFD within thirty (30) days after Processor'
receipt of said order in accordance with the terms of delivery indicated by IFD.
Processor shall promptly furnish to IFD such information relating to the
processing and delivery of Seafood as IFD may request from time to
time.

     

    
      	
              8.

            	
              TERM and RENEWAL
      TERM.

            


    

     

    
      	
               
      

            	
               8.1

            	
              Initial
      Term.  Unless terminated earlier pursuant to Section 8.3
      hereof, the "Initial
      Term" of this Agreement shall be coterminous with the “Term” of the
      iPura Services
      Agreement, commencing on the Effective Date and expiring three (3) years
      after the Installation
      Date. The Initial Term plus any subsequent Renewal Term(s) (as
      defined in Section 8.2) shall constitute the “Term.”

            


    

     

    
      	
               
      

            	
               8.2

            	
              Option to
      Renew.  Unless terminated earlier pursuant to Section 8.3
      hereof, provided that GFT becomes entitled to and does in fact renew the
      iPura
      Services Agreement pursuant to Section 6.2 thereof, IFD shall have the
      right and option, exercisable in its sole discretion, to fully renew this
      Agreement for a concurrent Renewal Term (as such term is defined in the
      iPura
      Services Agreement) on as many occasions as the iPura
      Services Agreement is renewed, all on the same terms and conditions herein
      set forth. Said option must be exercised, if at all, by IFD giving written
      notice to Processor of the exercise of such option on or before the date
      of expiration of the initial Term or any then current Renewal
      Term.

            


    


    
      
         


      

      
        11

        
          

        

      

      
         


      

    


    
      	
            	
              8.3 

            	
              Termination by
      IFD.

            


    

     

    
      	
               
      

            	
              (a)

            	
              Dependency of
      Agreements.  Processor and IFD understand and agree that
      IFD would not execute this Agreement unless adequate assurance was given
      that if Processor breaches either this Agreement or the iPura
      Services Agreement, such breach would constitute a breach under
      both of said agreements.  Accordingly, Processor and IFD agree
      that any breach by Processor under this Agreement or the iPura
      Services Agreement shall constitute a breach under both of said
      agreements, whereupon IFD shall be entitled to pursue any one or more or
      all of its remedies, including the right to terminate, under any one or
      both of said agreements for said
breach.

            


    

     

    
      	
               
      

            	
              (b)

            	
              Breach.  If
      Processor breaches this Agreement, IFD may terminate this Agreement if
      Processor shall not have fully cured the breach within thirty (30) days
      after IFD gives written notice to Processor specifying the
      breach.

            


    

     

    
      	
               
      

            	
              (c)

            	
              Insolvency.  IFD
      shall have the right to terminate this Agreement immediately upon written
      notice to the Processor in the event that Processor becomes insolvent,
      proposes any dissolution, liquidation, composition, financial
      reorganization or recapitalization with creditors, or makes an assignment
      for the benefit of creditors, or if any receiver, liquidator, creditor or
      similar agent is appointed or takes possession with respect to any
      property or business of Processor, or if Processor has filed against it a
      petition under any bankruptcy code or insolvency law which is not
      dismissed within sixty (60)
days.

            


    


    
      
         


      

      
        12

        
          

        

      

      
         


      

    

     

    
      	
              9.

            	
              INDEPENDENT
      CONTRACTORS.

            


    

     

    The
relationship of Processor to IFD is that of an independent contractor, and this
Agreement shall not constitute, or be deemed to constitute, either Party as an
employee, agent, partner or joint venturer of the other for any
purpose.  Neither Party has the right or authority under this
Agreement to assume or to create any obligation or responsibility on behalf of
the other Party.

     

    
      	
              10.

            	
              CONFIDENTIALITY.

            


    

     

    
      	
               
      

            	
              10.1

            	
              Confidential
      Information.  Processor may be given access to
      information or materials, or portions thereof, that are considered trade
      secret, confidential and/or proprietary to IFD, and other documentation,
      materials, or technical information related to IFD (“Confidential
      Information”).

            


    

     

    
      	
               
      

            	
              10.2

            	
              Restrictions on Use
      and Disclosure.  Processor undertakes and agrees
      that it (i) shall treat all Confidential Information as strictly
      confidential; (ii) shall not disclose any Confidential Information to any
      other person or entity without the prior written consent of IFD; (iii)
      shall protect the Confidential Information with at least the same degree
      of care and confidentiality as it affords its own confidential
      information, at all times exercising at least a reasonable degree of care
      in such protection; and (iv) shall not use any Confidential Information
      for any purpose other than the implementation of this
      Agreement.  The restrictions in this Section 10.2 shall survive
      for a period of five (5) years after the termination or expiration of this
      Agreement, except that such non-disclosure period shall be perpetual in
      the case of Licensed Materials or any portions thereof, and any of the
      Confidential Information that is a trade
secret.

            


    

     

    
      	
               
      

            	
              10.3

            	
              Return of Confidential
      Information.  Processor further undertakes and agrees
      that it shall promptly return all tangible material embodying Confidential
      Information (in any form and including, without limitation, all summaries,
      copies and excerpts of Confidential Information) upon the earlier of (i)
      the termination or expiration of this Agreement; or (ii) IFD’s written
      request.

            


    


    
      
         


      

      
        13

        
          

        

      

      
         


      

    

     

    
      	
               
      

            	
              10.4

            	
              Terms of
      Agreement.  Processor understands that IFD could suffer
      serious harm if the terms of this Agreement were ever to be divulged to
      others.  Processor agrees, and represents and warrants to IFD,
      that Processor will not disclose any of the provisions of this Agreement
      to anyone except its attorney, banker, accountant and/or prospective
      bona-fide purchaser of its business (none of whom shall disclose it to any
      other person) or pursuant to court order.  Any disclosure
      thereof by Processor or its attorney, banker, accountant and/or
      prospective bona-fide purchaser of its business to another person will be
      deemed a violation of this Section 10.4.  Processor shall take
      all necessary precautions to ensure the safekeeping and confidentiality of
      this Agreement.  Processor's violation of this confidentiality
      clause shall constitute a breach of this Agreement, terminate Processor's
      option to extend the term of this Agreement (if any is provided for
      herein), and IFD shall have the right to terminate this Agreement and/or
      pursue any other remedies available to
IFD.

            


    

     

    
      	
              11.

            	
              ASSIGNMENT.

            


    

     

    Neither
Party may assign this Agreement, nor assign any of its rights nor delegate any
of its obligations hereunder, without the prior written consent of the other
Party, not to be unreasonably withheld (except that IFD's consent to any
outsourcing of Processor's services may be denied in IFD's sole
discretion).  Any attempt to assign this Agreement without the other
Party’s written consent will be void.  Notwithstanding the foregoing
(but still subject to IFD's consent in its sole discretion to any action which
in substance might constitute outsourcing), Processor may assign this Agreement,
or assign any of its rights or delegate any of its obligations hereunder,
without IFD's consent to any parent, subsidiary, or affiliate of Processor, or
to the surviving entity resulting from any merger, acquisition, or consolidation
involving such Party, so long as (i) the assignee or delegatee agrees in writing
to be bound by the terms of the Agreement; (ii) Processor acknowledges that it
understands that it is still bound as an assignor or delegator for the
performance of all obligations of the assignee or delegatee under this
Agreement; (iii) Processor provides thirty (30) days advance written notice of
such assignment or delegation to IFD; and (iv) Processor’s assignee is not a
Direct Competitor of IFD or any parent, subsidiary, or affiliate of
IFD.  Furthermore, notwithstanding the foregoing, GFT may assign or
delegate, as appropriate, any of its rights or obligations hereunder to any
parent, subsidiary, or affiliate of GFT.

     

    
      	
              12.

            	
               FORCE
      MAJEURE.

            


    

     

    If either
Party is affected by Force Majeure, it shall immediately notify the other Party
in writing of the nature and extent thereof.

     

    
      	
               
      

            	
              (i)

            	
              Neither
      Party shall be deemed to be in breach of this Agreement, or otherwise be
      liable to the other, by reason of any delay in performance, or
      non-performance, of any of its obligations hereunder to the extent that
      such delay or non-performance is due to any Force Majeure of which it has
      notified the other Party in writing; and the time for performance of that
      obligation shall be extended accordingly by the
  Parties.

            


    


    
      
         


      

      
        14

        
          

        

      

      
         


      

    


    
      	
               
      

            	
              (ii)

            	
              IFD
      may terminate this Agreement, or any portion that IFD deems affected by
      the Force Majeure condition, by delivering written notice to the Processor
      without obligation to pay any compensation to the Processor, if the Force
      Majeure condition has continued for a period of thirty (30) days or longer
      and IFD determines, in its sole judgment, that the Force Majeure has
      caused a material adverse effect on the execution of Processor’s
      obligations under this Agreement, thereby impairing IFD's ability to
      realize some or all of the purposes for which it entered in to this
      Agreement.

            


    

     

    
      	
               
      

            	
              13.

            	
              GOVERNING LAW;
      LANGUAGE.

            


    

     

    
      	
               
      

            	
              13.1

            	
              This
      Agreement shall be construed and interpreted in accordance with the laws
      of the United States of America and the State of California, excluding
      their choice of law rules.

            


    

     

    
      	
               
      

            	
              13.2

            	
              The
      Parties shall use their best efforts to settle amicably through
      negotiations any question, dispute, controversy, difference or claim
      arising out of or relating to this Agreement or the breach, termination or
      validity thereof (“Dispute”).

            


    

     

    
      	
               
      

            	
              13.3

            	
              If
      the Dispute is not settled amicably through negotiations, such Party may
      give a notice of such Dispute ("Notice of Dispute") to
      the other Party specifically referring to this Section and giving brief
      particulars of the Dispute.

            


    

     

    
      	
               
      

            	
              13.4

            	
              If
      such Dispute is not settled through further negotiations within [thirty
      (30)] days of the date of service of such Notice of Dispute, it shall be
      referred to and finally resolved by the Singapore International
      Arbitration Centre (“SIAC”) in accordance
      with its practice rules and regulations. Where the Dispute is referred to
      SIAC, the arbitration shall be conducted in English and presided over by
      three (3) arbitrators, one each to be appointed by each Party hereto and a
      third to be appointed with the mutual agreement of both Parties, failing
      which the third arbitrator shall be appointed by the Chairman of
      SIAC.

            


    

     

    
      	
               
      

            	
              13.5

            	
              During
      and without prejudice to the arbitration process, this Agreement shall
      continue to be performed.

            


    

     

    
      	
               
      

            	
              13.6

            	
              Any
      award or decision of any arbitration under this Section shall be binding
      and enforceable against the Parties contemplated by the said award or
      decision and costs shall be borne equally unless SIAC determines otherwise
      at its discretion.

            


    


    
      
         


      

      
        15

        
          

        

      

      
         


      

    

     

    
      	
               
      

            	
              13.7

            	
              The
      language of this Agreement and all related documentation shall be the
      American usage of the English language and the Parties hereby agree that
      the English language version of this Agreement shall control for all
      purposes and shall be valid and enforceable notwithstanding any
      translation into a language other than
English.

            


    

     

    
      	
              14.

            	
              UN
      CONVENTION ON CONTRACTS FOR SALE OF GOODS.

            


    

     

    The
Parties expressly agree that the United Nations Convention on Contracts for the
International Sale of Goods shall not apply to this Agreement.

     

    
      	
              15.

            	
              EXPORT/IMPORT
      RESTRICTIONS.

            


    

     

    The
Parties shall comply with and shall fully cooperate with each other in complying
with any and all applicable Governmental Authority in relation to the
exportation and importation of the Seafood and to each Party’s performance under
this Agreement including, without limitation, obtaining all necessary licenses,
permits and/or approvals necessary for the import or export of the
Seafood.

     

    
      	
              16.

            	
              NOTICES.

            


    

     

    
      	 	
              All
      notices, consents, requests, claims or demands permitted or required to be
      sent under this Agreement shall be in writing and sent by facsimile,
      registered mail, overnight mail, courier service, or hand
      delivery.  Notice, request or demand, as appropriate, shall be
      deemed to have been given upon the earlier of the date of actual receipt
      or three (3) days after the date of mailing if sent by registered or
      overnight mail.  Unless changed upon proper notice, notices,
      requests and demands shall be sent to the addresses set forth
      below:

            


    

     

    
      
        
          
            
              	
                      If
      to Processor:

                    	
                      If
      to IFD:

                    
	 
      	 
      
	
                      Bin
      An Seafood Joint Stock Company, Lot

                      2.17
      Tra Noc II, Industrial Park, Can Tho City,

                    	
                      iPura
      Food Distribution Co., Inc.

                       

                    
	
                      Vietnam 

                    	
                      113
      Court Street 

                    
	 
      	 
      
	
                      Facsimile:
      00847103 251
      402

                    	
                      Hanford,
      CA 90230

                    
	 
      	 
      
	
                      Attn_Ms.Pham
      Thi Dieu Hien, General

                      Director

                    	
                      Facsimile:
      (559) 589-0111Attn: Keith Meeks,

                      President
      &
CEO

                    


            

          

        

      

    


    
      
         


      

      
        16

        
          

        

      

      
         


      

    


    
      	
              17.

            	
              SEVERABILITY.

            


    

     

    At any
time, if any provision in this Agreement is or becomes invalid, illegal or
unenforceable pursuant to applicable law, such provision shall be severable and
distinct from other provisions and the validity, legality and enforceability of
the remaining provisions shall not be affected. Furthermore, the Parties shall
use their best efforts to arrive at a new provision or clause consistent with
the overall intent and objectives of this Agreement.

     

    Furthermore,
if any provision of this Agreement is or becomes prohibited or unenforceable in
any jurisdiction and is ineffective as to that jurisdiction to the extent of the
prohibition or unenforceability, it shall not invalidate the remaining
provisions of this Agreement nor affect the validity or enforceability of that
provision in any other jurisdiction.

     

    
      	
              18.

            	
              WAIVER.

            


    

     

    The
waiver by either Party of any default or breach of this Agreement shall not
constitute a waiver of any other or subsequent default or breach. Furthermore,
no failure to exercise or delay in exercising any right, power or remedy under
this Agreement operates as a waiver.  A single or partial exercise or
waiver of the exercise of any right, power or remedy does not preclude any other
or further exercise of that or any other right, power or remedy.  A
waiver is not valid or binding on the Party granting that waiver unless made in
writing.

     

    
      	
              19.

            	
              CAPTIONS;
      SINGULAR AND PLURAL; GENDER.

            


    

     

    Captions
are included in this Agreement only for convenience of the Parties and not for
purposes of interpretation of this Agreement.  When required by the
context of this Agreement, the singular shall include the plural and the plural
the singular.  Similarly, all references to the masculine, feminine or
neuter also include the other genders, as the context requires.

     

    
      	
              20.

            	
              DUTY TO PROMPTLY
      INFORM.

            


    

     

    Processor
shall immediately notify IFD if it becomes aware of any condition, rule and/or
regulation in Vietnam, proposed or enacted, which might or in fact does hinder,
restrict or otherwise adversely affect (1) the installation and/or operations of
the iPura
Food Safety Program at the Processor’s Plant or (2) the Processor’s
performance of its obligations under this Agreement and/or the iPura Services Agreement. In
such a case, Processor and IFD shall attempt to resolve the matter with the
objective of finding a mutually acceptable alternative solution to enable
Processor to fulfill its obligations under this Agreement. If Processor and IFD
cannot reach a mutually acceptable resolution promptly after Processor's
notification to GFT of such condition, rule and/or regulation, IFD may at its
own discretion terminate this Agreement in accordance with Section 8
hereof.


    
      
         


      

      
        17

        
          

        

      

      
         


      

    

     

    
      	
              21.

            	
              EXCLUSIVITY.

            


    

     

    During
the Term, Processor shall not explore, discuss or reach an agreement with other
companies for doing a business or a project in Vietnam and/or other countries in
the South-East Asia region which is of a similar nature or business to that of
IFD and/or its affiliates relating to the iPura
Supplier Program.

     

    During
the Term, Processor also undertakes not to and shall not be associated with,
either alone or in conjunction with others, any person or business entity other
than GFT and IFD in the manufacture, sale, export, importation, advertisement or
other dealings of or relating to products and/or services that are identical or
similar in formulation with the iPura
System, or which bear any name, mark or design similar to, capable of being
confused with or otherwise resembling GFT's Properties and GFT's
IP.

     

    Subject
to the Processor’s satisfying the requirements that the Processor fulfills its
obligations under Article 2 (Fulfillment of IFD Orders for iPura-Labeled Seafood) and
the Processor ensures that the charges to IFD under this Agreement are in
accordance with Article 4.1 of this Agreement, IFD undertakes that for a period
of three years from the Effective Date of this Agreement, IFD shall not enter
into any agreement with other companies in Vietnam for the purchase the products
similar to the Seafood for processing by its iPura System in
Vietnam."

     

    
      	
              22.

            	
              ENTIRE
      AGREEMENT; AMENDMENT.

            


    

     

    This
Agreement sets forth the complete agreement between the Parties with respect to
the supplier arrangements contemplated in the iPura
Supplier Program and supersedes all previous and contemporaneous agreements
(other than the iPura Services Agreement,
executed concurrently herewith, under which the iPura Food Safety Program, the
second component of the iPura
Supplier Program, is provided to Processor), correspondence, discussions,
understandings and representations, whether written or oral, with respect to
such arrangements.  This Agreement may not be modified, supplemented,
or amended except in writing signed by an authorized representative of each
Party.  It is expressly agreed that all terms and conditions on
purchase order documents prepared or issued by Processor that are inconsistent
with the provisions of this Agreement or the iPura
Services Agreement shall be null and void.


    
      
         


      

      
        18

        
          

        

      

      
         


      

    

     

    
      	
              23.

            	
              COUNTERPARTS AND
      FACSIMILE TRANSMISSION
SIGNATURES.

            


    

     

    This
Agreement may be executed in one or more counterparts, each of which shall for
all purposes be deemed an original and all of which together shall constitute
one and the same instrument.  Facsimile or photocopied signatures on
such counterparts shall be deemed the same as original signatures.

     

    
      	
              24.

            	
              SURVIVAL.

            


    

     

    In
addition to any accrued but unpaid payment obligations existing at the time of
expiration or termination of this Agreement, the following Sections and
provisions shall survive expiration or termination of this Agreement: 1, 5.4,
6,7 (with respect to all orders previously submitted by IFD), 8.3(a), and 9
through 26, inclusive.

     

    
      	
              25.

            	
              PARTIES
      AFFECTED.

            


    

     

    
      	
               
      

            	
              This
      Agreement shall be binding upon and inure to the benefit of the Parties,
      their representatives, and their permitted successors and assigns. The
      action of any officer, partner, agent or other representative of any Party
      shall be deemed to be the action of said
Party.

            


    

     

    
      	
              26.

            	
              AUTHORITY
      TO EXECUTE.

            


    

     

    EACH
PERSON EXECUTING THIS AGREEMENT ON BEHALF OF ANY PARTY HERETO WHICH IS AN ENTITY
(PARTNERSHIP, CORPORATION, TRUST, ETC.), WHETHER AS A PARTNER, OFFICER, TRUSTEE,
ATTORNEY-IN-FACT, AGENT OR OTHERWISE OF SUCH ENTITY, REPRESENTS AND WARRANTS TO
THE OTHER PARTY, AS AN INDUCEMENT TO THE OTHER PARTY TO EXECUTE THIS AGREEMENT,
THAT (1) SUCH PERSON OCCUPIES THE OFFICE OR POSITION INDICATED AFTER HIS OR HER
NAME, HAVING BEEN DULY ELECTED OR APPOINTED TO SUCH OFFICE OR POSITION; (2) SUCH
ENTITY IS IN GOOD STANDING IN THE JURISDICTION OF ITS ORGANIZATION; (3) THE
EXECUTION AND DELIVERY OF THIS AGREEMENT AND ALL DOCUMENTS (IF ANY) REQUIRED TO
BE EXECUTED IN CONNECTION WITH IT, AND THE PERFORMANCE OF SUCH ENTITY’S
COVENANTS AND OBLIGATIONS UNDER THIS AGREEMENT AND SUCH DOCUMENTS, HAVE BEEN
DULY AUTHORIZED BY ALL NECESSARY CORPORATE, PARTNERSHIP, TRUST OR OTHER ACTION,
AS APPROPRIATE; AND (4) WHEN EXECUTED BY SUCH PERSON IN THE CAPACITY INDICATED
AFTER HIS OR HER NAME, THIS AGREEMENT AND SUCH DOCUMENTS WILL BE FULLY BINDING
ON SUCH ENTITY ACCORDING TO THEIR TERMS.


    
      
         


      

      
        19

        
          

        

      

      
         


      

    


    IN
WITNESS WHEREOF, the Parties hereto have
caused this Agreement to be executed by their duly authorized representatives as
of the Effective Date.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    iPura
      Food Distribution Co., Inc., a Delaware corporation
(“IFD”)

                                  	 	
                                    Binh
      An Seafood Joint Stock Company

                                  
	 	 	 
	 
      	 
      	 	 
      	
                                       

                                  
	 
      	
                                       

                                  	 	 
      	 
      
	 
      	 
      	 	
                                    By:

                                  	 
      
	
                                    By:

                                  	
                                       

                                  	 	 
      	 
      
	 
      	 
      	 	
                                    Its:

                                  	
                                       

                                  
	
                                    Its:

                                  	
                                       

                                  	 	 
      	 
      


                          

                        

                      

                    

                  

                

              

            

          

        

      

    


    
      
         


      

      
        20