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EXHIBIT 10.1 Import-Export Agent Executive Agreement

Agency Agreement

EXHIBIT 10.1 Import-Export Agent Executive Agreement | Document Parties: VOICE DIARY INC | Suining Yinfa DAR Industrial Co.,  | Korean DongUi Cosmetics Co You are currently viewing:
This Agency Agreement involves

VOICE DIARY INC | Suining Yinfa DAR Industrial Co., | Korean DongUi Cosmetics Co

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Title: EXHIBIT 10.1 Import-Export Agent Executive Agreement
Date: 3/6/2007

EXHIBIT 10.1 Import-Export Agent Executive Agreement, Parties: voice diary inc , suining yinfa dar industrial co.   , korean dongui cosmetics co
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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)

 

Given

 

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.    agent term

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.

 

1


 

3.    agent goods details

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.    earnest money

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.    settle price

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 ben


 
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