China Carrot Market Development Cooperation Letter of Intent between A & C United Agriculture Developing Inc. and Integra Hybrids LLC

Contract Categories: Human Resources › Consulting Agreements
Summary

This Letter of Intent is between A & C United Agriculture Developing Inc. and Dr. Krystyna M. Ladd of Integra Hybrids LLC. The parties agree to collaborate on developing the carrot market in China. The consultant will provide carrot seed samples and guidance on cultivation and processing, while the company will cover related costs. The agreement will be reviewed after one year to decide on further cooperation or termination. The consultant will also disclose this agreement in the company's SEC filing.

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EX-10.1 2 acug_ex101.htm LETTER OF INTENT acug_ex101.htm
EXHIBIT 10.1
 
CHINA CARROT MARKET DEVELOPMENT COOPERATION
LETTER OF INTENT
 
 
This CHINA CARROT MARKET DEVELOPMENT COOPERATION LETTER OF INTENT (the "LOI") made as of June 14th, 2013 by and between Dr. Krystyna M. Ladd, carrot breeder of Integra Hybrids, LLC. ("Consultant") and A & C United Agriculture Developing Inc. ("Company").
 
1. APPOINTMENT
 
The Company and Consultant agree to work together, to help develop the China carrot market.
 
2. TERMS
 
 
a.
Consultant agrees to provide carrot seeds sample, give guidelines and supports for planting, growing (fertilizer, pest control), harvesting and processing in order to develop China carrot market.
 
 
b.
Company agrees to cover Consultant's costs and expenses related to above mentioned activities.
 
 
c.
Consultant agrees to disclose this LOI in Company's SEC filing.
 
 
d.
Company and Consultant agree this LOI is the first step of our appointment and agree to review the result after one year to decide whether we should enter into further cooperation or exit.
 
 
By:  
 
Yidan Liu
  
  President  
  A & C United Agriculture Developing Inc.  
     
     
By:  
  Krystyna M. Ladd  
  President of Research Department  
  Integra Hybrids LLC