Letter of Intent for Exclusive 3C Product Supply Between Hangzhou Xituo Network Technology Company and Zhejiang Yongxin Digital Technology Company

Contract Categories: Business Operations › Supply Agreements
Summary

Hangzhou Xituo Network Technology Company and Zhejiang Yongxin Digital Technology Company have agreed to form a strategic partnership. Under this agreement, Zhejiang Yongxin will be the exclusive supplier of 3C products (communications, consumer electronics, and computing) for Hangzhou Xituo's online sales platform. Zhejiang Yongxin commits to providing genuine products with proper documentation and no sales restrictions. The agreement aims to leverage both companies' strengths for mutual benefit and was signed by both parties on November 22, 2007.

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EX-10.1 2 v095781_ex10-1.htm Unassociated Document
Letter of Intent for Strategic Partnership

Party A: Hangzhou Xituo Network Technology Company

Party B: Zhejiang Yongxin Digital Technology Company
 

Hangzhou Xituo Network Technology Company (“Party A”) is a company specializing in 3C products (Communications, Consumer electronics, and Computing), and operates an online website for the selling of such products as a merchant.

Zhejiang Yongxin Technology Limitred (“Party B”) is a company specialized in 3C products and in the retailing and logistics of such products. It is the subsidiary of China 3C. Its sales cover Eastern China and has a state-of-the-art retailing and logistics system.

Now, therefore, both Parties A and B hereby agree, for the purpose of the benefit of sales, and to leverage each of the parties’ competitive advantages, and for mutual benefit, to agree to the following:

Party A hereby designates Party B as the exclusive supplier of 3C products for its website.

Party B undertakes to become a trustworthy and long-term supplier to Party A of genuine products with proper documentation, and the products will be not be restricted as to sales in any way.

This document will be executed in duplicate, with a copy to each party.
 

Party A: Signature of Hangzhou Xituo Network Technology Company

Party B: Signature of Zhejiang Yongxin Digital Technology Company


Executed this 22 Day of November, 2007