Document:

f8k021111ex10viii_westergaad.htm

Exhibit 10.8

 

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

Product Sales Contract

 

 

	 	
Contract No.:201005026

	 	
Date of Signing: 5/21/2010

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

Buyer: Shenyang Yangyang Baijia Business &Trading Co., Ltd.

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

1. Order List

	
Item

	
Type

	
Quantity

	
Unit Price

	
Amount

	
Skateboard shoes

	
A15056

	
2028

	
82

	
    166,296.00

	
Skateboard shoes

	
A8608

	
1068

	
82

	
     87,576.00

	
Skateboard shoes

	
A8610

	
4920

	
82

	
    403,440.00

	
Skateboard shoes

	
A8613

	
2676

	
82

	
    219,432.00

	
Skateboard shoes

	
A8615

	
2988

	
82

	
    245,016.00

	
Skateboard shoes

	
A8622

	
4620

	
82

	
    378,840.00

	
Skateboard shoes

	
A9367

	
396

	
82

	
     32,472.00

	
Skateboard shoes

	
T88507

	
1320

	
80

	
    105,600.00

	
Skateboard shoes

	
Z9367

	
1920

	
80

	
    153,600.00

	
Hiking shoes

	
A9962

	
396

	
100

	
     39,600.00

	
Hiking shoes

	
A9969

	
2676

	
85

	
    227,460.00

	
Hiking shoes

	
A9972

	
2148

	
82

	
    176,136.00

	
Retro-Skateboard shoes

	
A81003

	
756

	
93

	
     70,308.00

	
Retro-Skateboard shoes

	
A81018

	
6636

	
94

	
    623,784.00

	
Retro-Skateboard shoes

	
A81020

	
792

	
100

	
     79,200.00

	
Retro-Skateboard shoes

	
A81022

	
1884

	
100

	
    188,400.00

	
Retro-Skateboard shoes

	
A81026

	
468

	
100

	
     46,800.00

	
Retro-Skateboard shoes

	
A82011

	
1548

	
89

	
    137,772.00

	
Retro-Skateboard shoes

	
A82017

	
1308

	
87

	
    113,796.00

	
Retro-Skateboard shoes

	
A86072

	
492

	
82

	
     40,344.00

	
Retro-Skateboard shoes

	
A86076

	
10068

	
82

	
    825,576.00

	
Retro-Skateboard shoes

	
A86106

	
660

	
82

	
     54,120.00

	
Retro-Skateboard shoes

	
Z81003

	
2376

	
88

	
    209,088.00

	
Retro-Skateboard shoes

	
Z81007

	
636

	
90

	
     57,240.00

	
Retro-Skateboard shoes

	
Z81018

	
5136

	
88

	
    451,968.00

	
Retro-Skateboard shoes

	
Z81019

	
1500

	
95

	
    142,500.00

	
Retro-Skateboard shoes

	
Z81022

	
2520

	
94

	
    236,880.00

	
Retro-Skateboard shoes

	
Z81026

	
492

	
98

	
     48,216.00

	
Retro-Skateboard shoes

	
Z82002

	
948

	
87

	
     82,476.00

	
Retro-Skateboard shoes

	
Z86072

	
3228

	
80

	
    258,240.00

	
Retro-Skateboard shoes

	
Z86076

	
840

	
80

	
     67,200.00

 

  

1

  

 

	
Retro-Running shoes

	
A86051

	
2400

	
94

	
    225,600.00

	
Retro-Running shoes

	
A86052

	
4764

	
85

	
    404,940.00

	
Retro-Running shoes

	
A86139

	
1332

	
95

	
    126,540.00

	
Retro-Running shoes

	
A86151

	
1632

	
98

	
    159,936.00

	
Retro-Running shoes

	
A86156

	
3108

	
95

	
    295,260.00

	
Retro-Running shoes

	
A86160

	
3108

	
94

	
    292,152.00

	
Retro-Running shoes

	
A86166

	
1284

	
93

	
    119,412.00

	
Retro-Running shoes

	
Z86051

	
6576

	
83

	
    545,808.00

	
Retro-Running shoes

	
Z86052

	
4536

	
83

	
    376,488.00

	
Retro-Running shoes

	
Z86139

	
3312

	
97

	
    321,264.00

	
Retro-Running shoes

	
Z86156

	
1680

	
93

	
    156,240.00

	
Retro-Running shoes

	
Z86166

	
1764

	
90

	
    158,760.00

	
Retro-Tennis shoes

	
A85003

	
3312

	
90

	
    298,080.00

	
Retro-Tennis shoes

	
A85022

	
3768

	
91

	
    342,888.00

	
Retro-Tennis shoes

	
A87002

	
2508

	
82

	
    205,656.00

	
Retro-Tennis shoes

	
A87011

	
2208

	
85

	
    187,680.00

	
Retro-Tennis shoes

	
Z85003

	
1476

	
88

	
    129,888.00

	
Retro-Tennis shoes

	
Z85022

	
2136

	
89

	
    190,104.00

	
Retro-Tennis shoes

	
Z87011

	
3636

	
84

	
    305,424.00

	
Retro-Casual shoes

	
A86036

	
732

	
104

	
     76,128.00

	
Retro-Casual shoes

	
A86038

	
5088

	
85

	
    432,480.00

	
Retro-Casual shoes

	
A86050

	
4788

	
90

	
    430,920.00

	
Retro-Casual shoes

	
A86060

	
6120

	
96

	
    587,520.00

	
Retro-Casual shoes

	
A86061

	
2784

	
86

	
    239,424.00

	
Retro-Casual shoes

	
A86063

	
10128

	
82

	
    830,496.00

	
Retro-Casual shoes

	
A86065

	
2832

	
95

	
    269,040.00

	
Retro-Casual shoes

	
A86068

	
10824

	
93

	
  1,006,632.00

	
Retro-Casual shoes

	
A86080

	
8088

	
104

	
    841,152.00

	
Retro-Casual shoes

	
A86081

	
1560

	
104

	
    162,240.00

	
Retro-Casual shoes

	
A86085

	
5424

	
92

	
    499,008.00

	
Retro-Casual shoes

	
A86092

	
7200

	
89

	
    640,800.00

	
Retro-Casual shoes

	
A86099

	
6456

	
89

	
    574,584.00

	
Retro-Casual shoes

	
A86101

	
9840

	
78

	
    767,520.00

	
Retro-Casual shoes

	
A86105

	
5460

	
90

	
    491,400.00

	
Retro-Casual shoes

	
A86109

	
4248

	
68

	
    288,864.00

	
Retro-Casual shoes

	
A86111

	
5568

	
82

	
    456,576.00

	
Retro-Casual shoes

	
A86115

	
8088

	
82

	
    663,216.00

	
Retro-Casual shoes

	
A86120

	
7692

	
78

	
    599,976.00

	
Retro-Casual shoes

	
A86121

	
1176

	
112

	
    131,712.00

	
Retro-Casual shoes

	
A86125

	
6096

	
82

	
    499,872.00

	
Retro-Casual shoes

	
A86130

	
4608

	
86

	
    396,288.00

	
Retro-Casual shoes

	
A86133

	
6132

	
71

	
    435,372.00

	
Retro-Casual shoes

	
A86137

	
1308

	
95

	
    124,260.00

 

  

2

  

 

	
Retro-Casual shoes

	
A86181

	
1248

	
82

	
    102,336.00

	
Retro-Casual shoes

	
Z86023

	
3780

	
76

	
    287,280.00

	
Retro-Casual shoes

	
Z86063

	
1080

	
94

	
    101,520.00

	
Retro-Casual shoes

	
Z86078

	
3828

	
89

	
    340,692.00

	
Retro-Casual shoes

	
Z86080

	
3660

	
102

	
    373,320.00

	
Retro-Casual shoes

	
Z86105

	
3192

	
86

	
    274,512.00

	
Retro-Casual shoes

	
Z86117

	
5604

	
86

	
    481,944.00

	
Retro-Casual shoes

	
Z86120

	
5904

	
76

	
    448,704.00

	
Retro-Casual shoes

	
Z86125

	
6672

	
80

	
    533,760.00

	
Retro-Casual shoes

	
Z86133

	
6936

	
66

	
    457,776.00

	
Retro-Casual shoes

	
Z86181

	
1236

	
91

	
    112,476.00

	
Cotton shoes

	
A90002

	
264

	
109

	
     28,776.00

	
Cotton shoes

	
A90003

	
192

	
127

	
     24,384.00

	
Cotton shoes

	
A91302

	
684

	
115

	
     78,660.00

	
Cotton shoes

	
Z90002

	
636

	
107

	
     68,052.00

	
Cotton shoes

	
Z90003

	
216

	
124

	
     26,784.00

	
Cotton shoes

	
Z96300

	
1896

	
98

	
    185,808.00

	
Running shoes

	
A51318

	
768

	
100

	
     76,800.00

	
Running shoes

	
A51326

	
672

	
100

	
     67,200.00

	
Running shoes

	
A8953

	
984

	
83

	
     81,672.00

	
Running shoes

	
S56313

	
612

	
85

	
     52,020.00

	
Running shoes

	
T57323

	
3312

	
77

	
    255,024.00

	
Running shoes

	
T8953

	
4368

	
81

	
    353,808.00

	
Running shoes

	
Z56313

	
1932

	
82

	
    158,424.00

	
Running shoes

	
Z9299

	
4548

	
82

	
    372,936.00

	
Tennis shoes

	
A31310

	
2496

	
105

	
    262,080.00

	
Tennis shoes

	
A9550

	
3336

	
89

	
    296,904.00

	
Tennis shoes

	
S37330

	
552

	
74

	
     40,848.00

	
Tennis shoes

	
T31315

	
612

	
102

	
     62,424.00

	
Tennis shoes

	
T88307

	
3624

	
80

	
    289,920.00

	
Tennis shoes

	
Z9550

	
4428

	
86

	
    380,808.00

	
Casual shoes

	
A15013

	
3960

	
65

	
    257,400.00

	
Casual shoes

	
A22320

	
1344

	
60

	
     80,640.00

	
Casual shoes

	
A22332

	
840

	
60

	
     50,400.00

	
Casual shoes

	
A25020

	
1452

	
65

	
     94,380.00

	
Casual shoes

	
A9663

	
2772

	
69

	
    191,268.00

	
Casual shoes

	
A9672

	
7692

	
65

	
    499,980.00

	
Casual shoes

	
A9927

	
4980

	
76

	
    378,480.00

	
Casual shoes

	
S27331

	
552

	
61

	
     33,672.00

	
Casual shoes

	
T25326

	
4056

	
63

	
    255,528.00

	
Casual shoes

	
Z23319

	
312

	
76

	
     23,712.00

	
Casual shoes

	
Z9265

	
4428

	
80

	
    354,240.00

	
In Total

	
 

	
 

	
 

	
 31,154,328.00

 

  

3

  

 

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.

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/ Shenyang Yangyang Baijia Business &Trading Co., Ltd

Company Name: Shenyang Yangyang Baijia Business &Trading Co., Ltd

	
/s/ Beijing LiSheng Sports Goods Market

Company Name: Beijing LiSheng Sports Goods Market

	
Adress:

	
Adress:

	
Legal Representative:

	
Legal Representative:

	
Agent:

	
Agent:

	
Tel:

	
Tel:

	
Bank Name:

	
Bank Name:

	
Bank Account:

	
Bank Account:

	
Post Code:

	
Post Code:

4f8k021111ex10ix_westergaard.htm

Exhibit 10.9

 

 

Real Property Leasing Agreement

 

Leasor (Party A): Jinliang Ding

Leasee (Party B): Fujian Province Jinjiang City Chendai Ansheng Shoe and Fashion Co., Ltd.

[Seal of Party B]

(collectively, the parties)

Pursuant to the Contract Law of the People’s Republic of China and related laws and regulations and based on the principle of equality and voluntarily, upon the friendly consultation and negotiation, the parties agree to enter the following terms with respect to the real property leasing from Party A to Party B:

	
1.  

	
Party A represents and warrants that the leased real property is in compliance with the related national laws and regulations regarding leasing the properties.

	
2.  

	
Location, Size, Renovation and Personal Properties Attached to the Leased Premises

	
1)  

	
The Real Property locates in Quanzhou City, Fujian Province.

	
  2)  

	
Total are of the leased premises is 600 square meters (usable area)

	
3.  

	
Leasing Term and Purpose

	
1)  

	
Total leasing term is 36 months, from 06/01/2009 to 05/31/2012.

	
2)  

	
The leasing is for office use only.

	
3)  

	
Upon the expiration date, Party A shall have right to take possession of the premises and Party B shall promptly vacate the premises.

Party B shall notify Party A in writing one (1) month prior to the expiration date to request the renewal of the lease and upon Party A’s consent, the parties can renew the leasing agreement.

	
4.  

	
Rent and Payment

	
1)  

	
Monthly rent: ¥25,000

	
2)  

	
Payments: the annual rent payment shall be payable on an annual basis on the 31st day of May of each year; after receiving the payment, Party A shall issue Party B the receipt.

	
5.  

	
Other Related Fees and Taxes

	
1)  

	
Fees payable by Party A: During the lease term, the real property tax and land tax shall be payable by Party A under the laws.  In the event that the government authorities charge any fees not described in this Agreement in connection with the leased premises, Party A shall be responsible for the charges.

	
2)  

	
Fees payable by Party B:

	
a)  

	
Party B shall pay any fees incurred by Party B at a timely basis

	
b)  

	
Annual rent payments

	
c)  

	
Costs and expenses for renovation of the leased premises

	
6.  

	
Transfer and Sublet of the Leased Premises

	
1)  

	
During the lease term, Party A shall have right to transfer the ownership of the leased premise under the laws and this Agreement shall be binding on the succeeding owner(s) and Party B after the ownership transfer.

	
2)  

	
Party B shall not sublet the leased premises without Party A’s consent.

	
3)  

	
Party A shall notify Party B in writing one (1) month prior to Party A’s intended sale of the leased premise and under the same condition Party B shall have to right of first refusal.

 

 

  

  

  

	
7.  

	
Amendment, Cancellation and Termination

	
1)  

	
The parties may amend or terminate this Agreement upon negotiation.

	
2)  

	
Party B shall have the right to terminate this Agreement in the event that Party A has the following situations:

	
a)  

	
Failure to provide the leased premises at the agreed conditions or the condition substantially has affected the lease purpose.

	
b)  

	
Failure to perform the repair and maintenance obligations and the failure to perform has substantially has affected the lease purpose.

	
3)  

	
During the lease term, Party A shall have the right to terminate this Agreement in the event that Party A has the following situations:

	
a)  

	
Sublet the leased premises without Party A’s consent in writing.

	
b)  

	
Changed the construction structure of the leased premises without Party A’s consent in writing.

	
c)  

	
Caused damages to the leased premises and failed to correct within the reasonable time as Party A requested.

	
d)  

	
Changed the lease purpose without Party A’s consent in writing.

	
e)  

	
Placed hazardous materials or conducted illegal activities in the leased premises.

	
f)  

	
Failed to pay the payable fees due and caused Party A’s severe losses.

	
4)  

	
Party B shall notify Party A in writing one (1) month prior to the expiration date to request the renewal of the lease and upon Party A’s consent, the parties can renew the leasing agreement.  In the event Party A intends to continue leasing the premise, under the same condition Party B shall have to right of first refusal.

	
5)  

	
Upon the expiration of this Agreement, this Agreement shall automatically terminate.

	
6)  

	
In the event of the Force Majeure that renders this Agreement not executable, this Agreement shall terminate.

	
8.  

	
Surrender of the Possession and Walk-Through Inspection

	
1)  

	
Party A shall represent and warranty that the real property and any and all personal properties attached to it shall be in good working order.

	
2)  

	
Upon Party B vacates the premises, the parties shall conduct the walk-through inspection and any comments on the facilities and properties shall be made to the other party during the walk-through inspection. The parties shall raise the claim to the other within _____ days for the issues that can not be determined at the inspection time.

	
3)  

	
Upon the expiration of this Agreement, Party B shall surrender the leased premises and attached personal properties to Party A.

	
4)  

	
At the time of vacating, Party B shall keep the leased premises and attached personal properties in the good condition at broom-clean condition and shall not affect the normal use of the leased premises.  Party A shall have right to dispose any personal properties left by Party B at the leased premises upon expiration at Party A’s discretion.

 

 

  

  

  

 

 

	
9.  

	
Liabilities Waiver

	
1)  

	
In the event that there is a Force Majeure that renders this Agreement not executable that may incur losses to the parties, the parties shall not be liable for such losses to the other party.

	
2)  

	
In the event that the leased premises shall be demolished or renovated pursuant to a national policy that may incur losses to the parties, the parties shall not be liable for such losses to the other party.

	
3)  

	
In the event that this Agreement is terminated under the above situation, the rent shall be calculated on a pro rata basis on the actual leased days.

	
4)  

	
The Force Majeure means unforeseeable extraordinary event or circumstance beyond the control of the parties.

	
10.  

	
Any matters not described in this Agreement shall be subject to the negotiation between the parties by separate addendums to this Agreement.  Any addendums to this Agreement shall be part of this Agreement with same legal effects.

	
11.  

	
Resolutions of Disputes

Any disputes between the parties under this Agreement shall be resolved through amicable negotiations in good faith or through mediation by related offices.  In the event that the disputes can not resolved through negotiation or mediation, either party shall have the right to sue the other in the local courts with proper jurisdiction.

	
12.  

	
This Agreement shall be effective upon the following seals of the parties.

	
13.  

	
This Agreement with addendums shall be executed in two copies with one copy to each party.  Each copy shall have the same legal effectiveness.

Party A: Jinliang Ding [Finger Print]                                                                                                                Party B: [Corporate Seal]

Date: 05/18/2009                                                                                                                                             Date: 05/18/2009

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