Fashion Tech International: Exhibit 10.7 - Prepared by TNT Filings Inc.



  



 
Exhibit 10.7


 


(English Summary)


 


Distribution Contract


Ref:____________


Execution Date_______


Execution Place_______  


Party A: Daqing LongHeDa Food Co., Ltd
 


Party B: the distributor  


 


I. Terms of the Contract:  


After Party A’s observation and confirmation of Party B’s qualification to be a distributor for sales of Party A’s products, Party A hereby authorizes Party B to be the general distributor within the territory of ___________, during the period starts from _________to __________.
 


 


II. Distribution Mode


The distribution mode is agency in different territories.  


 


III. Products and Amount


Fruit Puree____ tons; Glazed Fruit___ tons; “Fu” Beverage____ tons, Concentrated Juice ____tons.
 


 


IV. Payment Method:


(usually payment upon delivery)  


 


V. Transportation and Freight:


Party B shall be responsible for the transportation and freight and Party A shall be responsible for liaison of transportation.
 


 




 


VI. Rights and Obligations


Party A’s rights and obligations:


1.


Party A shall provide Party B with copies of Party A’s business license and sanitation license.


2.


In case when the product price needs to be adjusted due to changes in state policy, fluctuation in raw material supply or change of market situation, Party A shall give written notice to Party B one month prior to such adjustment. Such notice shall be made part of the Contract as an exhibit.


3.


Party A shall timely notify Party B of the change of Party A’s sales policy and/or supply situation.


4.


Party A shall be responsible for any loss due to product quality problem, which shall be certified by relevant organization; Party B shall be liable for losses due to its negligent custody of the products.
 


5.


The quality of the sample shall be used as quality standard for all deliveries.


6.


Party A shall be responsible for delivering the products to designated places on time as agreed, but shall not be responsible for delivery to any other places.
 


7.


Party A shall have the rights to supervise, examine and guide Party B’s sales of its products.
 


Party B’s rights and obligations:


1.


Party B shall provide to Party A with copies of Party B’s business license and taxation registration certificates for record.


2.


Party B shall not be allowed to sell the same products from any other manufacturer at the same time during the term of this Contract.   


3.


Party B shall place an order with Party A at least 15 days prior to the required delivery date to ensure that Party A has sufficient time to arrange the delivery.
 


4.


Party B shall not (1) distribute the products beyond the territory as stated herein; (2) assign the rights of distribution without Party A’s consent; (3) provide non-conforming products; and (4) violate Party A’s price policy. Party A shall be entitled to terminate this Contract if Party B breaches and the losses arising thereof shall be borne by Party B.   

 


VII.  Inspection


Party B shall inspect the products in accordance with the delivery note provided by Party A and shall record the delivery date on the Client Return Receipt attached to the Product Sales Note and confirm the foresaid by signature or company stamp.
 


 





 


VIII. Liabilities for Breach of Contract


1.


With respect to matters that have not been contemplated by the Contract, both Parties shall consult each other and negotiate for settlement. Any agreement reached as a result of such negotiation shall be legally binding and has the same legal effect as the Contract.
 


2.


If either party breaches the Contract, the parties shall negotiation for settlement. If no agreement can be reached through such negotiation, any claim shall be brought to the non-breaching Party’s local court with proper jurisdiction.
 


 


IX. Miscellaneous Items


1.


Any issue not being contemplated in this Contract shall be negotiated by both Parties and the results of both Parties’ negotiation shall be an addendum to this Contract and have the same legal effect as this Contact.  


2.


Any dispute arising from the Contact shall be amicably negotiated by both Parties and in case where no agreement is reached by the Parties, the dispute shall be brought to Party A’s local court with proper jurisdiction.


3.


This Contract is prepared in two originals, which have the same legal effect, and each Party shall hold one original.


 


Execution:


Party A: Daqing Long He Da Food Co., Ltd  


Address:


Legal representative:


Authorized representative:


Bank Info.:  


Telephone:


Fax:  


 





 


Party B: the distributor


Address:


Legal representative:


Authorized representative:


Bank Info.:  


Telephone:


Fax:  


 


The form of purchase order is as follows:


 


Purchase Order





	
  
  Products

	
  
  Specification

	
  
  Amount(ton)

	
  
  Unit Price (Yuan)

	
  
  Total Sum (Yuan)  

	
  
  Remarks


	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	
  
  In Total

	 	 	 	 	 
	
  
  Total Sum (in capital letter):





Client: _____________________


Address: ____________________


Designated Place for Delivery:______________


Telephone:___________________


Liaison Person: _______________

                                                    Client:
                               
      (Stamp)                                         

                                                  
 Date: _______________


 


 

The contractual details of the Company’s top 10 sales clients in March 2008 are as follows:


 

	
  Distributors

	
  Contract Reference

	
   Execution Date

	
  Contract Term  

	
    Territory

	
  Products Type and Amount


	
  Beijing Hua Peng Yuan Food Co.,Ltd

	
  LHD-2008054

	
  2008-1-22

	
  2008-01-01 to 2008-12-31

	
  Beijing

	
  preserved fruit: 650 tons; concentrated juice: 1200 tons 


	
  Beijing Tai Hua Xing Food Co.,Ltd

	
  LHD-2008052

	
  2008-1-19

	
  2008-01-01 to 2008-12-31

	
  Area around Beijing

	
  concentrated juice: 1200 tons


	
  Shanxi De Sheng Trading Co.,Ltd

	
  LHD-2008035

	
  2008-1-9

	
  2008-01-01 to 2008-12-31

	
  Yuncheng City,Shanxi Province

	
  fruit puree: 500 tons; concentrated juice: 1000 tons


	
  Haerbin Sheng Jin Lai Economic and Technology Development Co.,Ltd

	
  LHD-2008004

	
  2007-12-22

	
  2008-01-01 to 2008-12-31

	
  Haerbin City, Heilongjiang Province

	
  fruit puree: 1000 tons


	
  Tianjin Ao Kai Chemistry and Industry Trading Co.,Ltd

	
  LHD-2008049

	
  2008-1-16

	
  2008-01-01 to 2008-12-31

	
  Tianjin City

	
  concentrated juice: 600 tons


	
  Chengde Ya Long Food Co.,Ltd

	
  LHD-2008057

	
  2008-1-24

	
  2008-01-01 to 2008-12-31

	
  Chengde City, Hebei Province

	
  fruit puree: 1500 tons


	
  Guangzhou Hui Huang Shop

	
  LHD-2008036

	
  2008-1-9

	
  2008-01-01 to 2008-12-31

	
  Guangzhou City, Guangdong Province

	
  preserved fruit: 50 tons


	
  Sanmenxia Jin Ge Rui Juice Co., Ltd

	
  LHD-2008026

	
  2007-12-31

	
  2008-01-01 to 2008-12-31

	
  Sanmenxia City, Henan Province

	
  fruit puree: 1000 tons


	
  Qingzhou Zi Yu Food Co.,Ltd

	
  LHD-2008007

	
  2007-12-25

	
  2008-01-01 to 2008-12-31

	
  Qingzhou City, Shandong Province

	
  fruit puree: 800tons; preserved fruit: 100tons


	
  (no. 10)