Sales Agreement
The Contract's No. 2008 ST 0001
Supply Party (Party A):
Name of Party A: JiangXi SheTai Jade Industrial Company Limited.
(JST)
Address: GuoXiDaDao #39, YuJiang County, JiangXi Province, PRC
Bank: YuDiao Branch, YuJiang Sub-Branch, Bank of China
Account No.: 742858545978091001
Zip Code: 335200
Phone: 86-701-5881082
Fax: 86-701-5881156
Purchasing Party (Party B):
Name of Party B: ShenZhen HongDa Craftwork Company Limited.
Address: HengGang County, LongGang District, ShenZhen City, PRC
Bank: LiuYue Branch, Bank of China
Account No.: 818000509908091001
Zip Code: 518173
Phone: 86-755-28503733
Fax: 86-755-28503733
Parties A and B, based on the negotiation, consideration of the
mutual covenants
and agreements contained herein, and other valuable considerations,
have reached
an agreement as stated below:
Item1. Contents of goods
1. Raw
jade material (name) 1000KG, 2000KG (type) 500tons (quantity)
25,000RMB/ton(price)
2. Raw
jade material (name) 1000KG, 500KG (type) 1000tons (quantity)
23,000
RMB/ton(price)
3. Raw
jade material (name) 50KG, 500KG (type) 500tons (quantity)
21,000
RMB/ton(price)
Total amount: 46,000,000 RMB
<PAGE>
Item2. Packing and Delivery
Packing
needs to comply with the requirement of Delivery. Party B is
responsible to deliver the raw jade materials ordered and to pay
for the
freight.
Item3. Delivery Location
The valid
period of this agreement is 6 months, and two Parties must
execute the prices mentioned above. Actual detail of every
transaction should
base on the Fax File.
Item4. Payment method/Terms and Goods delivery
For every
transaction, before delivery, Party B needs to pay 30% of total
contracted value as deposit to Party A. After the receipt of
deposit, Party A
needs to deliver the ordered raw jade materials to Party B
immediately. After
the delivery, Party
