Agreement for Sale of LED and Energy Saving Lamps between The Fifth Season (Zhejiang) Commerce and Trade Co., Ltd. and Guangdong Yuehe Assets Management Co., Ltd.

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Summary

This agreement, dated February 19, 2011, is between The Fifth Season (Zhejiang) Commerce and Trade Co., Ltd. (seller) and Guangdong Yuehe Assets Management Co., Ltd. (buyer). The buyer agrees to purchase various LED and energy-saving lamps from the seller for RMB 28,400,000. The buyer will pay 30% upfront and the remainder upon delivery, which must occur before March 31, 2011. The contract also covers terms for validity, modification, termination, and dispute resolution.

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EX-10.23 24 exhibit10-23.htm EXHIBIT 10.23 Fifth Season International Inc.: - Filed by newsfilecorp.com

Exhibit 10.23

Agreement for Sale of Commodity

Party A: The Fifth Season (Zhejiang) Commerce and Trade Co., Ltd.
Party B: Guangdong Yuehe Assets Management Co., Ltd.

  • General Information
  • Pursuant to the contract entered on February 19, 2011, Party B will buy the LED underground lamp of 2000 sets, LED line lamp of 3000 sets, LED pointolite of 4000 sets and energy saving lamp of 100,000 pieces from Party A.
  • Fees of the Commodity and Payment Arrangement
  • The total fees will be RMB 28,400,000 yuan.
  • Party B pay 30% in advance, and will pay the rest when the goods are delivered.
  • Delivery Date
  • Before March 31, 2011
  • Headlines of the articles omitted
  • Validity, Modification and Termination of Contract
  • Dispute Settlement
  • Breach of the Agreement
  • Miscellaneous

Signature Page

Party A: The Fifth Season (Zhejiang) Commerce and Trade Co., Ltd.
By: /seal/ The Fifth Season (Zhejiang) Commerce and Trade Co., Ltd.
Date: February 19, 2011

Party B: Guangdong Yuehe Assets Management Co., Ltd.
By: /seal/ Guangdong Yuehe Assets Management Co., Ltd.
Date: February 19, 2011