The Company has signed a one-year, tripartite agreement with Shanghai Tieato Trading Company, LTd and Orient International Holding Shanghai Foreign Trade Company, Ltd. ("Orient"), for the sale and distribution of 180,000 cases of bottled spring water. All shipments will be against purchase orders from Orient issued under irrevocable letters of credit The agreement is valued at Two Million One Hundred Tbousand Canadian Dollars ($2,100,000.00 CAN)
The Company also has a contract with Shanghai Wolong International Business Company, Ltd. with a value of One Hundred Ninety-Seven Million Five Hundred Thousand Canadian Dollars ($197,500,00.00 CAN). This contract will expire on April 1, 2016 and all orders will be made under irrevocable letters of credit.
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