SALES CONTRACT
Exhibit
10.2
CONTRACT
NO.: (2008) NO. 06-0002
The
SelleræHongchang
Biotech Co., Ltd. of Lianyungang City
The
Buyer: Niusule Biotech Corp.
Signed
at: Confirmed by fax
This
contract is made by and between the Buyer and the Seller. Whereby the Buyer
agrees to buy and the Seller agrees to sell the under-mentioned commodity
according to the terms and conditions stipulated below:
1.
NAME
AND PRICE OF THE COMMODITY
|
Name
|
Type
|
Specification
|
Unit
Price
|
Packing
|
|
high
fructose syrup
|
F55
|
QB1216-2004
|
0.52
dollar/kg
|
Food
Grade PE barrel
|
2.
PACKING
STANDARDS OF THE COMMODITY AND THE SUPPLY AND RETRIEVAL OF PACKING
MATERIALS
The
packing of the commodity is provided byehe Seller, but ehe Buyer shall pay
the
Seller 7.22 dollar per barrel as deposit. Within three working days from the
date packing materials is returned, The Seller shall returned the deposit to
the
appointed account of The Buyer subject to the returned quantity.
3.
ACCEPTANCE CRITERIA, PLACE, PERIOD
3.1
ACCEPTANCE CRITERIA: Confirm to the Acceptance Criteria for Good Quality
as
specified in the related national law
3.2
ACCEPTANCE PLACE: In the factory of The Buyer.
3.3
ACCEPTANCE PERIOD: The
Buyer
shall accept and inspect the goods within three days upon receipt of goods.
In
case the Buyer fails to check and accept the goods within the time limit, it
shall be deemed the goods has been accepted. If the goods are unqualified,
the
Seller shall recall those goods on time, and The Buyer
shall
cooperate. However, if the Buyer find the quality problem in production process,
the Seller will approve the Buyer to return or change the goods unconditionally.
If
it is
the Buyer's fault - e.g. mistore of the products - that causes the discrepancy,
the Seller must bear the liability by himself.
4.
DELIVERY TIME AND QUANTITY AND PLACE
The
Buyer
should pass on the order seven working days in advance, and the delivery date
should subject to the order the parties entered.
5.
TRANSPORTATION
The
Buyer
is responsible for the delivery of goods, and bear the freight of goods and
other fees occur in the transportation.
1
6.
METHOD
OF PAYMENT
6.1
Method of payment: Delivery against payment
6.2
The
Buyer shall be obliged to assist The Seller check and return all the package
materials to the date of termination. And pay for compensation of the damaged
package.
7.
Force
Majeure
The
liability for the losses due to force majeure shall be partially or totally
eliminated.
The
party
who
faces
force-majeure circumstances shall give notice thereof in writing to the other
party within fourteen days after the end of such force majuere event, and a
valid document for evidence issued by the relevant public notary organization.
if, force majeure happened during one party’s purposefully delayed contract
performance period, the liability shall not be eliminated.”
8.
JURISDICTION
Any
disputes arising in connection with this Contract should be amicably by the
Parties through consultation. In case no settlement can be reached,
either
party can institute legal proceedings in the courts which have jurisdiction
over
the parties according to the relevant laws and regulations.
9.
MISCELLANEOUS
Supplement
agreement in writing shall be made for issues not settled in the Contract
through common consultation between the Parties, which shall have the same
legal
force with stipulations of the original Contract.
10. CONTRACT
PERIOD, NUMBER OF COPIES
10.1
This
Contract takes effect from the date of its execution by fax.
10.2
The
Contract shall be served in copies, each party holding a copy.
11.
DEFAULT
In
the
course of implementation of the Contract, if there
is
evidence of a breach of agreement by either party, the default party should
be
liable to the other party for breach and pay a breach penalty to The
Buyer.
The
Seller: Hongchang
Biotech Co., Ltd. of Lianyungang City
The
Buyer: Niusule Biotech Corp.
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