Exhibit 10.1
Import-Export Agent
Executive Agreement
Between Suining Yinfa DAR Industrial Co.,
located at 188 Xishan Road, Suining, Sichuan, and Korean DongUi
Cosmetics Co., located at Magellan Bldg #400, 156-2,
DongkyodongôMapogu, Seoul, Korea
This agreement is signed by the following
persons on 5 March, 2007:
1. Suining Yinfa DAR Industrial Co.
(“Yinfa” for short)
2. Korean DongUi Cosmetics Co.
(“DongUi” for short)
The cooperation intent between Yinfa and DongUi,
Yinfa wishes DongUi to provide services as an agent of Dahurian
Angelica Root (DAR) products sales and undertake the responding
liabilities in consistent with the following terms, and meanwhile,
DongUi would like to provide Yinfa with the services.
Here, the two parties agree on the following
terms and undertake the responding liabilities:
1. import-export agent goods and the
services:
1.1 import-export agent goods: the Chinese medicine
material DAR planted, produced and processed in Suining, China, by
Yinfa
1.2 import-export agent scope: DongUi is the
exclusive sales agent of DAR planted, produced and processed in
Suining, China, by Yinfa, while Yinfa is the exclusive partner of
DongUi in terms of Chinese medicine material
import-export.
1.3 agent services: Yinfa provides DongUi with the
goods under the agreed criteria, and DongUi packs, promotes, and
sells the goods within the agent scope.
2.1 the effective agent term is ten (10) years,
from 5 March, 2007 to 4 March, 2017
2.2 after the completion of the agreement, the
agreement shall automatically extend three years without any
objection from the two parties
2.3 during the execution of the agreement, Yinfa
and DongUi agree to make orders for the next year in every
December.
3.1 the DAR goods provided by Yinfa to DongUi
include: DAR raw materials, DAR slices, DAR powder, processed
products with DAR as the main raw materials (Bailing capsule raw
material, Yishen capsule raw material)
4.1 before 1 May, 2007, DongUi will pay Yinfa
USü15000 as the earnest money. If the agreement can not be
executed due to DongUi, the earnest money shall not be paid
back.
5.1 the following settle price is the executed
price in 2007, which refers to CIF at Korean port Busan, excluding
Korean port fees, import quotation fees, and package, transport and
warehouse fees in Korea, etc., which shall be paid by
DongUi:
5.1.1 DAR raw materials:
USü3750/ton
5.1.2 DAR slices: USü5000/ton
5.1.3 DAR powder: USü10000/ton
5.1.4 Bailing capsule raw material:
USü18.80/ KG
5.1.5 Yishen capsule raw material:
USü23.00/ KG
5.2 Yinfa and DongUi agree that the above prices
shall increase from 2008, and the increase margin of DAR raw
materials price stated in term 5.1.1shall be no less than 10% every
year, with the signed annual order between Yinfa and DongUi as the
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