f8k021111ex10vii_westergaard.htm


Exhibit 10.7


 


Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd.


Product Sales Contract









	 	
Contract No.:201005011


	 	
Date of Signing: 5/20/2010









Seller: Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd.


Buyer: Guangzhou Tianhe Dongpu Distribution Company







Based on mutual consultations, the Parties have agreed on the following:







1. Order List



	
Item

	
Type

	
Quantity

	
Unit Price

	
Amount


	
Skateboard shoes

	
A15056

	
6336

	
82

	
    519,552.00


	
Skateboard shoes

	
A8608

	
3048

	
82

	
    249,936.00


	
Skateboard shoes

	
A8610

	
7080

	
82

	
    580,560.00


	
Skateboard shoes

	
A8613

	
5088

	
82

	
    417,216.00


	
Skateboard shoes

	
A8615

	
3540

	
82

	
    290,280.00


	
Skateboard shoes

	
A8622

	
3204

	
82

	
    262,728.00


	
Skateboard shoes

	
A9367

	
1320

	
82

	
    108,240.00


	
Skateboard shoes

	
T88507

	
2016

	
80

	
    161,280.00


	
Skateboard shoes

	
Z9367

	
5124

	
80

	
    409,920.00


	
Hiking shoes

	
A9962

	
7032

	
100

	
    703,200.00


	
Hiking shoes

	
A9969

	
6864

	
85

	
    583,440.00


	
Hiking shoes

	
A9972

	
2052

	
82

	
    168,264.00


	
Retro-Skateboard shoes

	
A81003

	
3432

	
93

	
    319,176.00


	
Retro-Skateboard shoes

	
A81018

	
5256

	
94

	
    494,064.00


	
Retro-Skateboard shoes

	
A81020

	
1920

	
100

	
    192,000.00


	
Retro-Skateboard shoes

	
A81022

	
3624

	
100

	
    362,400.00


	
Retro-Skateboard shoes

	
A81026

	
1584

	
100

	
    158,400.00


	
Retro-Skateboard shoes

	
A82011

	
264

	
89

	
     23,496.00


	
Retro-Skateboard shoes

	
A86072

	
636

	
82

	
     52,152.00


	
Retro-Skateboard shoes

	
A86076

	
2304

	
82

	
    188,928.00


	
Retro-Skateboard shoes

	
A86106

	
636

	
82

	
     52,152.00


	
Retro-Skateboard shoes

	
Z81003

	
216

	
88

	
     19,008.00


	
Retro-Skateboard shoes

	
Z81007

	
2940

	
90

	
    264,600.00


	
Retro-Skateboard shoes

	
Z81018

	
2784

	
88

	
    244,992.00


	
Retro-Skateboard shoes

	
Z81019

	
2604

	
95

	
    247,380.00


	
Retro-Skateboard shoes

	
Z81022

	
3108

	
94

	
    292,152.00


	
Retro-Skateboard shoes

	
Z81026

	
1944

	
98

	
    190,512.00


	
Retro-Skateboard shoes

	
Z82002

	
4296

	
87

	
    373,752.00


	
Retro-Skateboard shoes

	
Z86076

	
1488

	
80

	
    119,040.00


	
Retro-Running shoes

	
A86051

	
900

	
94

	
     84,600.00


	
Retro-Running shoes

	
A86052

	
7776

	
85

	
    660,960.00





 




  





1











  






 


	
Retro-Running shoes

	
A86139

	
576

	
95

	
     54,720.00


	
Retro-Running shoes

	
A86151

	
3552

	
98

	
    348,096.00


	
Retro-Running shoes

	
A86156

	
2616

	
95

	
    248,520.00


	
Retro-Running shoes

	
A86160

	
984

	
94

	
     92,496.00


	
Retro-Running shoes

	
A86166

	
3276

	
93

	
    304,668.00


	
Retro-Running shoes

	
Z86051

	
3972

	
83

	
    329,676.00


	
Retro-Running shoes

	
Z86052

	
6996

	
83

	
    580,668.00


	
Retro-Running shoes

	
Z86139

	
6024

	
97

	
    584,328.00


	
Retro-Running shoes

	
Z86156

	
3336

	
93

	
    310,248.00


	
Retro-Running shoes

	
Z86160

	
2556

	
91

	
    232,596.00


	
Retro-Tennis shoes

	
A85003

	
2784

	
90

	
    250,560.00


	
Retro-Tennis shoes

	
A85022

	
3156

	
91

	
    287,196.00


	
Retro-Tennis shoes

	
A87002

	
1560

	
82

	
    127,920.00


	
Retro-Tennis shoes

	
Z85003

	
3612

	
88

	
    317,856.00


	
Retro-Tennis shoes

	
Z85022

	
4320

	
89

	
    384,480.00


	
Retro-Tennis shoes

	
Z87011

	
3024

	
84

	
    254,016.00


	
Retro-Casual shoes

	
A86038

	
3480

	
85

	
    295,800.00


	
Retro-Casual shoes

	
A86050

	
6432

	
90

	
    578,880.00


	
Retro-Casual shoes

	
A86060

	
7776

	
96

	
    746,496.00


	
Retro-Casual shoes

	
A86061

	
6588

	
86

	
    566,568.00


	
Retro-Casual shoes

	
A86063

	
4776

	
82

	
    391,632.00


	
Retro-Casual shoes

	
A86065

	
1920

	
95

	
    182,400.00


	
Retro-Casual shoes

	
A86068

	
4380

	
93

	
    407,340.00


	
Retro-Casual shoes

	
A86080

	
2628

	
104

	
    273,312.00


	
Retro-Casual shoes

	
A86081

	
3276

	
104

	
    340,704.00


	
Retro-Casual shoes

	
A86085

	
1884

	
92

	
    173,328.00


	
Retro-Casual shoes

	
A86092

	
3228

	
89

	
    287,292.00


	
Retro-Casual shoes

	
A86099

	
6528

	
89

	
    580,992.00


	
Retro-Casual shoes

	
A86101

	
6180

	
78

	
    482,040.00


	
Retro-Casual shoes

	
A86105

	
6276

	
90

	
    564,840.00


	
Retro-Casual shoes

	
A86109

	
6336

	
68

	
    430,848.00


	
Retro-Casual shoes

	
A86111

	
6336

	
82

	
    519,552.00


	
Retro-Casual shoes

	
A86115

	
5472

	
82

	
    448,704.00


	
Retro-Casual shoes

	
A86120

	
5436

	
78

	
    424,008.00


	
Retro-Casual shoes

	
A86125

	
4392

	
82

	
    360,144.00


	
Retro-Casual shoes

	
A86130

	
3852

	
86

	
    331,272.00


	
Retro-Casual shoes

	
A86133

	
3756

	
71

	
    266,676.00


	
Retro-Casual shoes

	
A86137

	
3588

	
95

	
    340,860.00


	
Retro-Casual shoes

	
A86181

	
7380

	
82

	
    605,160.00


	
Retro-Casual shoes

	
Z86023

	
5604

	
76

	
    425,904.00


	
Retro-Casual shoes

	
Z86063

	
2856

	
94

	
    268,464.00


	
Retro-Casual shoes

	
Z86065

	
2628

	
96

	
    252,288.00


	
Retro-Casual shoes

	
Z86078

	
1392

	
89

	
    123,888.00





 




  





2











  






 


	
Retro-Casual shoes

	
Z86080

	
3852

	
102

	
    392,904.00


	
Retro-Casual shoes

	
Z86105

	
3504

	
86

	
    301,344.00


	
Retro-Casual shoes

	
Z86117

	
6408

	
86

	
    551,088.00


	
Retro-Casual shoes

	
Z86120

	
5472

	
76

	
    415,872.00


	
Retro-Casual shoes

	
Z86125

	
4008

	
80

	
    320,640.00


	
Retro-Casual shoes

	
Z86130

	
1608

	
90

	
    144,720.00


	
Retro-Casual shoes

	
Z86133

	
5244

	
66

	
    346,104.00


	
Retro-Casual shoes

	
Z86181

	
1464

	
91

	
    133,224.00


	
Running shoes

	
A51318

	
660

	
100

	
     66,000.00


	
Running shoes

	
A8953

	
4224

	
83

	
    350,592.00


	
Running shoes

	
T57323

	
2880

	
77

	
    221,760.00


	
Running shoes

	
T8953

	
4368

	
81

	
    353,808.00


	
Running shoes

	
Z9299

	
5400

	
82

	
    442,800.00


	
Running shoes

	
A31310

	
1428

	
105

	
    149,940.00


	
Running shoes

	
A9550

	
2700

	
89

	
    240,300.00


	
Running shoes

	
T31315

	
1212

	
102

	
    123,624.00


	
Running shoes

	
T88307

	
6888

	
80

	
    551,040.00


	
Running shoes

	
Z36326

	
780

	
87

	
     67,860.00


	
Running shoes

	
Z9550

	
3336

	
86

	
    286,896.00


	
Casual shoes

	
A15013

	
7968

	
65

	
    517,920.00


	
Casual shoes

	
A22320

	
408

	
60

	
     24,480.00


	
Casual shoes

	
A25020

	
7596

	
65

	
    493,740.00


	
Casual shoes

	
A88701

	
3252

	
78

	
    253,656.00


	
Casual shoes

	
A9663

	
6300

	
69

	
    434,700.00


	
Casual shoes

	
A9672

	
1176

	
65

	
     76,440.00


	
Casual shoes

	
A9927

	
2820

	
76

	
    214,320.00


	
Casual shoes

	
S27331

	
840

	
61

	
     51,240.00


	
Casual shoes

	
Z9265

	
4944

	
80

	
    395,520.00


	
In Total

	
 

	
 

	
 

	
 32,094,348.00












Note: The buyer shall make the payment according to the products actually delivered.







2. Quality Requirement and Period for Objection: the quality requirement is subject to the sample provided by the Seller. If the Buyer has objection to the quality of the product, the Buyer shall notify the Seller within 7 days after receipt of the product. The Seller shall not bear any liability if the Buyer does not notify the objection within 7 days.







3. Time, Place and Method of Delivery: deliver the product in batches according to the Buyer’s notifications within one(1) year, to the Buyer’s warehouse.







4. Method and Cost of Transportation: the Seller arranges road transportation on behalf of the Buyer. The Buyer shall bear all transportation cost.


 




  





3











  






 


5. Method and Schedule of Payment: the Seller shall make the payment within 60 days after the Seller accepts each batch of product without any pre-condition.







6. Performance Place of the Contract: the Seller’s location







7. Breach of Contract: if the Buyer fails to make the payment on time, the Buyer shall bear the liability to the Seller according to relevant laws.







8. Dispute Settlement: in the event there is any dispute relating to this Agreement, the Parties may settle it by consultations. If fails, any of the Parties may file a law suit with the people’s court.







9. There are two counterparts of this Agreement. Each of the Parties holds one. This Agreement shall take effect upon execution.







10. Particular Provision: if the Buyer’s sales of product hereunder exceed RMB9 million within one (1) year, the Seller shall award the Buyer 3% of the Buyer’s total yearly sales, in cash or by writing-down the same amount from the accounting receivable at the end of the year.













	
Seller

	
Buyer


	
/s/ Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd.


Company Name: Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd.

	
/s/ Guangzhou Tianhe Dongpu Distribution Company


Company Name: Guangzhou Tianhe Dongpu Distribution Company


	
Adress:

	
Adress:


	
Legal Representative:

	
Legal Representative:


	
Agent:

	
Agent:


	
Tel:

	
Tel:


	
Bank Name:

	
Bank Name:


	
Bank Account:

	
Bank Account:


	
Post Code:

	
Post Code:














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