Product Sales Agreement between Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd. and Beijing LiSheng Sports Goods Market
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Summary
This agreement is between Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd. (the seller) and Beijing LiSheng Sports Goods Market (the buyer) for the sale and purchase of various shoes. The seller will deliver products in batches over one year, and the buyer will pay within 60 days of accepting each batch. The buyer is responsible for transportation costs and must raise any quality objections within 7 days of receipt. If the buyer's annual sales exceed RMB 9 million, the seller will provide a 3% sales bonus. Disputes will be settled by negotiation or court.
EX-10.6 8 f8k021111ex10vi_westergaard.htm SALES AGREEMENT WITH BEIJING LISHENG SPORTS GOODS MARKET f8k021111ex10vi_westergaard.htm
Seller: Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd.
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Exhibit 10.6
Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd.
Product Sales Contract
| Contract No.:201005003 | |
| Date of Signing: 5/19/2010 |
Buyer: Beijing LiSheng Sports Goods Market
Based on mutual consultations, the Parties have agreed on the following:
1. Order List
| Item | Type | Quantity | Unit Price | Amount |
| Skateboard shoes | A15056 | 4392 | 82 | 360,144.00 |
| Skateboard shoes | A8608 | 4680 | 82 | 383,760.00 |
| Skateboard shoes | A8610 | 8712 | 82 | 714,384.00 |
| Skateboard shoes | A8613 | 2280 | 82 | 186,960.00 |
| Skateboard shoes | A8615 | 6348 | 82 | 520,536.00 |
| Skateboard shoes | A8622 | 4920 | 82 | 403,440.00 |
| Skateboard shoes | A9367 | 192 | 82 | 15,744.00 |
| Skateboard shoes | T88507 | 4560 | 80 | 364,800.00 |
| Skateboard shoes | Z9367 | 8472 | 80 | 677,760.00 |
| Hiking shoes | A9962 | 4068 | 100 | 406,800.00 |
| Hiking shoes | A9969 | 2976 | 85 | 252,960.00 |
| Hiking shoes | A9972 | 2148 | 82 | 176,136.00 |
| Retro-Skateboard shoes | A81003 | 2304 | 93 | 214,272.00 |
| Retro-Skateboard shoes | A81018 | 2112 | 94 | 198,528.00 |
| Retro-Skateboard shoes | A81020 | 1236 | 100 | 123,600.00 |
| Retro-Skateboard shoes | A81022 | 924 | 100 | 92,400.00 |
| Retro-Skateboard shoes | A81026 | 396 | 100 | 39,600.00 |
| Retro-Skateboard shoes | A82011 | 912 | 89 | 81,168.00 |
| Retro-Skateboard shoes | A82017 | 732 | 87 | 63,684.00 |
| Retro-Skateboard shoes | A86076 | 3516 | 82 | 288,312.00 |
| Retro-Skateboard shoes | A86106 | 2556 | 82 | 209,592.00 |
| Retro-Skateboard shoes | Z81003 | 2040 | 88 | 179,520.00 |
| Retro-Skateboard shoes | Z81007 | 1200 | 90 | 108,000.00 |
| Retro-Skateboard shoes | Z81018 | 1716 | 88 | 151,008.00 |
| Retro-Skateboard shoes | Z81019 | 912 | 95 | 86,640.00 |
| Retro-Skateboard shoes | Z81022 | 540 | 94 | 50,760.00 |
| Retro-Skateboard shoes | Z81026 | 192 | 98 | 18,816.00 |
| Retro-Skateboard shoes | Z86072 | 3228 | 80 | 258,240.00 |
| Retro-Skateboard shoes | Z86076 | 4416 | 80 | 353,280.00 |
| Retro-Running shoes | A86051 | 2160 | 94 | 203,040.00 |
| Retro-Running shoes | A86052 | 2832 | 85 | 240,720.00 |
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| Retro-Running shoes | A86139 | 1296 | 95 | 123,120.00 |
| Retro-Running shoes | A86151 | 780 | 98 | 76,440.00 |
| Retro-Running shoes | A86156 | 612 | 95 | 58,140.00 |
| Retro-Running shoes | A86160 | 432 | 94 | 40,608.00 |
| Retro-Running shoes | Z86051 | 4932 | 83 | 409,356.00 |
| Retro-Running shoes | Z86052 | 6528 | 83 | 541,824.00 |
| Retro-Running shoes | Z86139 | 1332 | 97 | 129,204.00 |
| Retro-Running shoes | Z86156 | 2760 | 93 | 256,680.00 |
| Retro-Running shoes | Z86160 | 1908 | 91 | 173,628.00 |
| Retro-Running shoes | Z86166 | 732 | 90 | 65,880.00 |
| Retro-Running shoes | A85003 | 180 | 90 | 16,200.00 |
| Retro-Running shoes | A85022 | 396 | 91 | 36,036.00 |
| Retro-Running shoes | A87002 | 168 | 82 | 13,776.00 |
| Retro-Running shoes | Z85003 | 1944 | 88 | 171,072.00 |
| Retro-Running shoes | Z85022 | 732 | 89 | 65,148.00 |
| Retro-Running shoes | Z87011 | 288 | 84 | 24,192.00 |
| Retro-Casual shoes | A86036 | 3132 | 104 | 325,728.00 |
| Retro-Casual shoes | A86038 | 5316 | 85 | 451,860.00 |
| Retro-Casual shoes | A86050 | 4500 | 90 | 405,000.00 |
| Retro-Casual shoes | A86060 | 3072 | 96 | 294,912.00 |
| Retro-Casual shoes | A86061 | 6600 | 86 | 567,600.00 |
| Retro-Casual shoes | A86063 | 3192 | 82 | 261,744.00 |
| Retro-Casual shoes | A86065 | 1068 | 95 | 101,460.00 |
| Retro-Casual shoes | A86068 | 6408 | 93 | 595,944.00 |
| Retro-Casual shoes | A86080 | 11748 | 104 | 1,221,792.00 |
| Retro-Casual shoes | A86081 | 816 | 104 | 84,864.00 |
| Retro-Casual shoes | A86085 | 3888 | 92 | 357,696.00 |
| Retro-Casual shoes | A86092 | 5280 | 89 | 469,920.00 |
| Retro-Casual shoes | A86099 | 7716 | 89 | 686,724.00 |
| Retro-Casual shoes | A86101 | 5532 | 78 | 431,496.00 |
| Retro-Casual shoes | A86105 | 4668 | 90 | 420,120.00 |
| Retro-Casual shoes | A86109 | 4212 | 68 | 286,416.00 |
| Retro-Casual shoes | A86111 | 3120 | 82 | 255,840.00 |
| Retro-Casual shoes | A86115 | 2256 | 82 | 184,992.00 |
| Retro-Casual shoes | A86120 | 3636 | 78 | 283,608.00 |
| Retro-Casual shoes | A86121 | 2508 | 112 | 280,896.00 |
| Retro-Casual shoes | A86125 | 7800 | 82 | 639,600.00 |
| Retro-Casual shoes | A86130 | 4284 | 86 | 368,424.00 |
| Retro-Casual shoes | A86133 | 3912 | 71 | 277,752.00 |
| Retro-Casual shoes | A86137 | 3960 | 95 | 376,200.00 |
| Retro-Casual shoes | A86181 | 3384 | 82 | 277,488.00 |
| Retro-Casual shoes | Z86023 | 4692 | 76 | 356,592.00 |
| Retro-Casual shoes | Z86065 | 576 | 96 | 55,296.00 |
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| Retro-Casual shoes | Z86078 | 1920 | 89 | 170,880.00 |
| Retro-Casual shoes | Z86080 | 4140 | 102 | 422,280.00 |
| Retro-Casual shoes | Z86105 | 6060 | 86 | 521,160.00 |
| Retro-Casual shoes | Z86117 | 10428 | 86 | 896,808.00 |
| Retro-Casual shoes | Z86120 | 8352 | 76 | 634,752.00 |
| Retro-Casual shoes | Z86121 | 540 | 109 | 58,860.00 |
| Retro-Casual shoes | Z86125 | 5244 | 80 | 419,520.00 |
| Retro-Casual shoes | Z86130 | 924 | 90 | 83,160.00 |
| Retro-Casual shoes | Z86133 | 5652 | 66 | 373,032.00 |
| Retro-Casual shoes | Z86181 | 384 | 91 | 34,944.00 |
| Cotton shoes | A90003 | 156 | 127 | 19,812.00 |
| Cotton shoes | A91302 | 624 | 115 | 71,760.00 |
| Cotton shoes | Z90002 | 600 | 107 | 64,200.00 |
| Cotton shoes | Z90003 | 144 | 124 | 17,856.00 |
| Cotton shoes | Z96300 | 1080 | 98 | 105,840.00 |
| Running shoes | A51326 | 1200 | 100 | 120,000.00 |
| Running shoes | A8953 | 3264 | 83 | 270,912.00 |
| Running shoes | S56313 | 912 | 85 | 77,520.00 |
| Running shoes | T8953 | 2136 | 81 | 173,016.00 |
| Running shoes | Z9299 | 4128 | 82 | 338,496.00 |
| Running shoes | A31310 | 1200 | 105 | 126,000.00 |
| Running shoes | A9550 | 2832 | 89 | 252,048.00 |
| Running shoes | S37330 | 1200 | 74 | 88,800.00 |
| Running shoes | T31315 | 216 | 102 | 22,032.00 |
| Running shoes | T88307 | 2544 | 80 | 203,520.00 |
| Running shoes | Z36326 | 1848 | 87 | 160,776.00 |
| Running shoes | Z9550 | 5484 | 86 | 471,624.00 |
| Casual shoes | A15013 | 2220 | 65 | 144,300.00 |
| Casual shoes | A22320 | 2400 | 60 | 144,000.00 |
| Casual shoes | A25020 | 2328 | 65 | 151,320.00 |
| Casual shoes | A88701 | 4596 | 78 | 358,488.00 |
| Casual shoes | A9663 | 672 | 69 | 46,368.00 |
| Casual shoes | A9672 | 3372 | 65 | 219,180.00 |
| Casual shoes | A9927 | 3780 | 76 | 287,280.00 |
| Casual shoes | S27331 | 132 | 61 | 8,052.00 |
| Casual shoes | T25326 | 972 | 63 | 61,236.00 |
| Casual shoes | Z23319 | 1068 | 76 | 81,168.00 |
| Casual shoes | Z9265 | 2328 | 80 | 186,240.00 |
| In Total | | | | 27,833,112.00 |
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Note: The buyer shall make the payment according to the products actually delivered.
2. Quality Requirement and Period for Objection: the quality requirement is subject to the sample provided by the Seller. If the Buyer has objection to the quality of the product, the Buyer shall notify the Seller within 7 days after receipt of the product. The Seller shall not bear any liability if the Buyer does not notify the objection within 7 days.
3. Time, Place and Method of Delivery: deliver the product in batches according to the Buyer’s notifications within one(1) year, to the Buyer’s warehouse.
4. Method and Cost of Transportation: the Seller arranges road transportation on behalf of the Buyer. The Buyer shall bear all transportation cost.
5. Method and Schedule of Payment: the Seller shall make the payment within 60 days after the Seller accepts each batch of product without any pre-condition.
6. Performance Place of the Contract: the Seller’s location
7. Breach of Contract: if the Buyer fails to make the payment on time, the Buyer shall bear the liability to the Seller according to relevant laws.
8. Dispute Settlement: in the event there is any dispute relating to this Agreement, the Parties may settle it by consultations. If fails, any of the Parties may file a law suit with the people’s court.
9. There are two counterparts of this Agreement. Each of the Parties holds one. This Agreement shall take effect upon execution.
10. Particular Provision: if the Buyer’s sales of product hereunder exceed RMB9 million within one (1) year, the Seller shall award the Buyer 3% of the Buyer’s total yearly sales, in cash or by writing-down the same amount from the accounting receivable at the end of the year.
| Seller | Buyer |
| /s/ Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd. Company Name: Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd. | /s/ Beijing LiSheng Sports Goods Market Company Name: Beijing LiSheng Sports Goods Market |
| Adress: | Adress: |
| Legal Representative: | Legal Representative: |
| Agent: | Agent: |
| Tel: | Tel: |
| Bank Name: | Bank Name: |
| Bank Account: | Bank Account: |
| Post Code: | Post Code: |
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