purchase and sales agreement this agreement ( " agreement " ) is entered into september 1, 2015 ( " commencement date " ) between, yanhuang international development company ( " buyer " ), a delaware company with an address at 1722 nan huan lu, bin jiang district, hangzhou, zhejiang province, china 310052 ( address of buyer ) and hangzhou yanhuang tea company ltd ; a people ’ s republic of china company with its principal office at 1722 nan huan lu, bingjiang district, hangzhou city, zhejiang province, china 310052 ( address of seller ). buyer agrees to purchase from seller and seller agrees to sell to buyer the products in accordance with the terms and conditions of this agreement, including its exhibits. 1. 0 definitions 1. 1 " customer " shall mean a person or other entity that acquires products from buyer for resale to end users. 1. 2 " defect " shall mean a condition that prevents a product from use in accordance with its specification. 1. 3 " end user " shall mean a person or other entity that acquires products from buyer for its own use or resell. 1. 4 " product " or " products " shall mean all items acquired by buyer from seller under this agreement, please see attached exhibit 1 for list of products currently offered for sale by seller to buyer at specific price points. these products include 6 tea products : i. nan ren yi hao ii. piao liang yi hao iii. gui bing yi hao iv. mei li yi hao v. xiao xing yi hao vi. gan en yi hao 2. 0 agreement period 2. 1 term. this agreement shall begin on the commencement date and shall continue in effect for three ( 3 ) years. 2. 2 agreement extensions. buyer will have the option to renew this agreement for two ( 2 ) additional one ( 1 ) year terms, thereafter, this agreement can be extended for additional one ( 1 ) year terms, only by mutual written consent of the parties. 3. 0 prices 3. 1 competitive prices. 3. 2 pricing. unless otherwise noted, prices shall include the costs associated with packaging the products in accordance with pre - established packaging specifications. the prices for the six tea products offered by seller at price points for the duration of this agreement shall be as follows : product / brand price ( excluding shipping costs ) minimum order quantity box contents nan ren yi hao rmb185 / box ( us