Agreement for Sale of LED Lighting Products between 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 Fifth Season (Zhejiang) Commerce and Trade Co., Ltd. and Guangdong Yuehe Assets Management Co., Ltd. Under the contract, Guangdong Yuehe will purchase various LED lighting products and energy-saving lamps from Fifth Season for a total price of RMB 28,400,000. Guangdong Yuehe will pay 30% upfront and the remainder upon delivery, which must occur before March 31, 2011. The agreement also covers terms for validity, modification, termination, dispute resolution, and breach of contract.

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EX-10.23 22 exhibit10-23.htm EXHIBIT 10.23 Fifth Season International Inc.: - Filed by newsfilecorp.com

Exhibit 10.23

Agreement for Sale of Commodity entered by and between the Fifth Season (Zhejiang) Commerce and
Trade Co., Ltd. and Guangdong Yuehe Assets Management Co., Ltd.

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