Purchase and Sales Agreement of Breeder Ducks
Exhibit
10.20
Purchase
and Sales Agreement of Breeder Ducks
Party A:
Weifang Legang Food Co., Ltd.
Address:
Honghe Town, Changle County, Shangdong Province
Tel: ▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇8528
Fax: ▇▇▇▇
▇▇▇▇▇▇▇
Postal
Code: 262411
Name of
the Account: ▇▇ ▇▇▇▇▇▇
Deposit
Bank: Agricultural Bank of China
Account
No.: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇
Party B:
Weifang Jinzheng Poultry Co., Ltd.
Address:
Shouguang City, Shandong Province
Mobile:
▇▇▇▇▇▇▇▇▇▇▇
Fax: ▇▇▇▇-▇▇▇▇▇▇▇
Through
mutual negotiations, Party A and Party B hereby conclude the following agreement
in regard to Party B’s purchase of day-old breeders (the parent generation) of
cherry valley from Party A:
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1.
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Breed:
Cherry valley SM3 (large-sized) day-old breeders (the parent
generation).
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2.
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Quality
Standard: The rate of healthy chick for one-day old cherry valley SM3
(large-sized) parent breeders shall be 98% or
above.
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3.
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Quantity
and Supply Time Schedule
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(1)
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Quantity:
320 units (140 ducks per unit plus additional 5% free of charge to cover
the losses during the transportation, total 147 ducks with 110 females
included)
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(2)
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Supply
Time Schedule:
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March 8,
2010: 50 units
March 13,
2010: 50 units
March 18,
2010: 50 units
March 20,
2010: 50 units
March 28,
2010: 120 units
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4.
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Price
and Amount
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RMB
2,150.00 per unit, the total payment of the goods is RMB 688,000.00
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5.
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Quarantine:
Party A shall be responsible for providing the Veterinary Inspection
Certificate.
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6.
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Packaging,
Transportation and Check &
Acceptance
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a)
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Packaging:
Use cartons for packing
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b)
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Transportation:
Party B shall pick up the goods by
itself.
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c)
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Check
and Acceptance: Party B shall conduct the check and acceptance at Party
A’s hatchery.
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7.
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Expenses:
Party A shall bear the expenses for packaging and quarantine and Party B
shall bear the transportation
expenses.
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8.
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Settlement
of the Payment: After signing this Agreement, Party B shall pay a deposit,
equal to RMB 10,000.00, to Party A, which shall be converted to part of
the payment of the goods; and the balance of the payment of the goods
shall be wire-transferred to Party A’s bank account within 15 days after
receiving the goods. After making the remittance, the bank
document shall be faxed to Party A for its further check on the goods
payment.
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9.
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Technical
Service: Party A shall provide Party B relevant technical information and
consultations.
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10.
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Effective
Term of this Agreement: The effective term shall be from March 3, 2010 to
April 30, 2010.
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11.
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This
Agreement shall come into effect after being signed or stamped by the two
Parties. This Agreement shall be in duplicate and each Party
shall hold one original copy.
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12.
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Any
uncovered issues shall be further negotiated by the two Parties, and if
the two Parties fail to reach any agreement, such issue shall be filed to
Changle People’s Court for
settlement.
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13.
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The
Parties shall keep confidential of this Agreement and shall not disclose
this Agreement to any third party.
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Party A:
Weifang Legang Food Co., Ltd.
Representative:
/s/ ▇▇▇▇▇▇▇ ▇▇
Party B:
Weifang Jinzheng Poultry Co., Ltd.
Representative:
/s/ Yongping Shan, VP
This
Agreement shall be invalid if it is written by handwriting.
Signed
at: Honghe Town, Changle County
Singed
on: March 3, 2010