English Translation of Sales Contract, dated September 24, 2010, between Dake Sport Goods Co., Ltd and Zhang Zhifa
Exhibit 10.12
Sales Contract
| Party A: Dake (Fujian) Sports Goods Co., Ltd. | Signing place: Jinjiang, Quanzhou |
| Party B: Zhang Zhifa | Contract No.: ZZF2010092400 |
| Signing date: Sep 24, 2010 |
1. Product Name, Model, Quantity, Amount:
| Product | Model | Unit | Quantity | Unit Price | Amount | Tax rate | Tax amount | Sum of |
| Name | amount | |||||||
| Rubber soles | 36# | Pair | 32255 | 7.92 | 255,459.60 | 17% | 43,428.13 | 298,887.73 |
| Rubber soles | 37# | Pair | 28741 | 8.33 | 239,412.53 | 17% | 40,700.13 | 280,112.66 |
| Rubber soles | 38# | Pair | 36584 | 8.45 | 309,134.80 | 17% | 52,552.92 | 361,687.72 |
| Rubber soles | 39# | Pair | 14505 | 8.99 | 130,399.95 | 17% | 22,167.99 | 152,567.94 |
| Travel shoes | 40# | Pair | 3658 | 59.75 | 218,565.50 | 17% | 37,156.14 | 255,721.64 |
| Travel shoes | 41# | Pair | 4585 | 60.65 | 278,080.25 | 17% | 47,273.64 | 325,353.89 |
| Travel shoes | 42# | Pair | 3694 | 61.50 | 227,181.00 | 17% | 38,620.77 | 265,801.77 |
| Travel shoes | 43# | Pair | 4588 | 62.30 | 285,832.40 | 17% | 48,591.51 | 334,423.91 |
| Casual shoes | 36# | Pair | 10221 | 32.58 | 333,000.18 | 17% | 56,610.03 | 389,610.21 |
| Casual shoes | 37# | Pair | 21515 | 33.65 | 723,979.75 | 17% | 123,076.56 | 847,056.31 |
| Casual shoes | 38# | Pair | 20364 | 34.73 | 707,241.72 | 17% | 120,231.09 | 827,472.81 |
| Casual shoes | 39# | Pair | 27957 | 36.12 | 1,009,806.84 | 17% | 171,667.16 | 1,181,474.00 |
| Athletic shoes | 40# | Pair | 4884 | 63.45 | 309,889.80 | 17% | 52,681.27 | 362,571.07 |
| Athletic shoes | 41# | Pair | 6852 | 64.02 | 438,665.04 | 17% | 74,573.06 | 513,238.10 |
| Athletic shoes | 42# | Pair | 7758 | 65.30 | 506,597.40 | 17% | 86,121.56 | 592,718.96 |
| Athletic shoes | 43# | Pair | 6822 | 66.48 | 453,526.56 | 17% | 77,099.52 | 530,626.08 |
| Total | 234983 | 6,426,773.32 | 1,092,551.46 | 7,519,324.78 |
2. Party B shall be responsible for providing technical standards for quality requirements; Party A shall produce according to Party B’s quality requirements and specifications and be responsible for the quality issue.
3. Goods delivery place and expense bearing:
Party A shall be responsible for delivering the contracted goods to Party B’s warehouse within 2 months upon this contract signed up and Party A shall be responsible for the incurred delivery expense.
4. Settlement method and term:
(1) After delivering the goods to Party B, Party A shall provide real and valid invoice based on actual amount and Party B’s request.
5. Responsibility of breach:
In accordance with <Economic Contract Law of the PRC>, in case of default by either party, the default party shall not only be responsible for the default obligation by law but also for the incurred expense to realize the obligation by the observant party, the above mentioned expense shall include but not limited to attorney fee, litigation fee and communication expense.
6. Dispute resolution:
Any dispute arising from or in connection with this contract shall be settled through friendly negotiation between the Parties; if no solution is reached through such negotiation, the disputes shall be referred to the People's Court having jurisdiction over the prosecutor's domicile in accordance with the governing law.
7. Miscellaneous:
(1) Party A shall guarantee that the goods provided be in line with national policies and regulations and not infringing others’ intellectual properties, otherwise any resulted economic and legal obligation shall be Party A’s responsibility.
(2) Faxed copy contract shall be regarded as with same legal effect to the original copy.
(3) In case of any unaccomplished manners, both parties shall negotiate in a friendly manner.
| Party A: Dake (Fujian) Sports Goods Co., Ltd. | Party B: Zhang Zhifa |
| Address: Chendai Jiangtou Village, Jinjiang | Address: 260 Linyi Shoe&Hat market, Shandong |
| Tel: 0595 - 85186739 | Tel: 13805491906 |
