EXHIBIT 10.1

                      AGREEMENT OF PROPERTY SALES CONTRACT

This is an agreement  between  Eugene  Science (the  "Seller") and Wando Seafood
Distributions  Co., Ltd. (The "Buyer"),  regarding the sales and purchase of the
Seller's factory.

ARTICLE 1  (OBJECTIVE)
The objective of this agreement is to specify terms and  conditions,  and rights
and  obligations  between the Seller and the Buyer,  regarding  the purchase and
sales of the property specified in the Article 2.

ARTICLE 2  (THE PROPERTY)
The  property  (The  "Property")  that the  Seller is selling to the Buyer is as
follows:
     1.   Land:  located  at  16-7  Samjeong-dong,   Ojeong-gu,   Bucheon  City,
          Gyeonggi-do, Korea
     2.   Any buildings on the land stated above

ARTICLE 3  (PURCHASE PRICE AND PAYMENT METHOD)
     1.   Purchase  price  for the  Property  is six  billion  and nine  hundred
          million (6,900,000,000) wons.
     2.   The Buyer will make the payment to the Seller as follows:
          -    Down  payment:  in the  amount of one  billion  and five  hundred
               million (1,500,000,000) wons, at the time of this contract
          -    Closing  payment:  of the  remainder of the sales  price,  in the
               amount of five billion and four hundred  million  (5,400,000,000)
               wons, on or before January 31, 2009
     3.   The closing  payment stated above is the amount of the loan drawn from
          Industrial Bank of Korea. the Buyer should either pay off the loan, or
          take over the loan from the Seller on or before January 31, 2009.

ARTICLE 4  (TRANSFER OF OWNERSHIP)
     1.   The  Buyer  is  responsible  for  obtaining  administrative  processes
          including  all  necessary  sanctions,   clearances,   permissions  and
          notifications  regarding the purchase of the Property specified in the
          Article 2, and the Seller should provide necessary assistance.
     2.   The Seller  should issue all  documentation  required for the Buyer in
          order to transfer the registration of ownership for the Property, upon
          completion of the payment as specified in the Article 3 - clause 2.
     3.   After completing the transfer of ownership for the Property, the party
          who is  defined as the  taxpayer  by the local tax laws at the time of
          standard  assessment is responsible  for all property taxes  regarding
          the Property.

ARTICLE 5 (SPECIAL CONDITIONS)
     1.   The Seller  maintains  the rights to use the  Property  including  the
          manufacturing  facilities,  until  the  Buyer  completes  the  closing
          payment on January 31, 2009.
     2.   In exchange  of such usage in clause 1, the Seller  will make  monthly
          usage  payments  to  the  Buyer,  in the  amount  of  fifteen  million
          (15,000,000)  wons for each month,  starting  from the next month from
          this  contract  date until  January  31,  2009.  Before the IPO of the
          Seller, each monthly payment will be made in the following conditions:
          The  Seller  will  make cash  payment  in the  amount of five  million
          (5,000,000)  wons at the first  day of each  month,  and the  Seller's
          shares  will be given to the Buyer for the  remainder  of the  monthly
          payment,  in the amount equivalent to ten million  (10,000,000)  wons,
          with the applicable share price is that of the Seller's public offers,
          at the time of the Seller's  IPO.  After the Seller's IPO, all monthly
          payment  will  be made in  full,  in the  amount  of  fifteen





          million (15,000,000) wons in cash at the first day of each month.

ARTICLE 6 (CLEARANCE OF INDEMNITY)
The Seller should clear all taxes and other  indemnities  regarding the Property
before the transfer of ownership to the Buyer.

ARTICLE 7 (PROHIBITION OF TRANSFERS AND COLLATERALS)
Until the  completion  of the closing  payment,  the Buyer  cannot  transfer the
ownership or provisional  registration for the Property to a third party, or put
up the Property as collateral for a loan.

ARTICLE 8 (DISPUTES)
The Seller and the Buyer should  collaborate  for the mutual benefits to resolve
any  conflicts  regarding  the matters  that are not set in this  agreement,  or
disputes caused by different  interpretations of the terms and conditions stated
herein.

Two copies of the  agreement  will be produced and signed by both the Seller and
the Buyer, and each party will keep a copy.

Contract date:  January 16, 2004

The Seller:     Seung-kwon Noh, CEO
                Eugene Science
                16-7 Samjeong-dong, Ojeong-gu, Bucheon City, Gyeongggi-do, Korea

The Buyer:      Su-cheol Choi, CEO
                Wando Seafood Distributions Co., Ltd.
                650-1 Gunnae-ri, Wando-eup, Wando-gun, Jeonnam Province, Korea