EXHIBIT 10.12
LONG TERM PURCHASE AGREEMENT
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Purchaser: Zhaoqing Blue Ribbon Beer Marketing Co., Ltd.
Supplier: Zhaoqing Blue Ribbon Brewery Noble, Ltd.
1. Products
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The Purchaser will purchase on a long term basis all the Pabst Blue
Ribbon beer products produced by the Supplier (including 640 ml
bottled, 355 ml canned and 355 ml bottled beer).
All the products must meet the hygienic standards and the corresponding
packaging requirements. The Supplier hereby agreed to sell the Pabst
Blue Ribbon beer product exclusively to the Purchaser only, and the
Supplier agreed not to sell these beer products to any other customers
except for the Purchaser.
2. Prices & Quantities
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The Purchaser will negotiate the purchase prices and the order
quantities with the Supplier on a monthly basis. The Supplier must
produce and deliver timely the products to the Purchaser in accordance
with the Purchaser's ordering instructions. The Supplier has no rights
to enquire about the customers information from the Purchaser. The
Purchaser will guarantee the purchase prices and the order quantities
for each month.
3. Payment Terms
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The sale and purchase transactions are held on an open account basis.
The Supplier will issue the good delivery notes and sales invoices to
the Purchaser on a monthly basis. The Purchaser must pay to the
Supplier within one month after receiving the products.
4. Others
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All the products sold to the Purchaser are not returnable to the
Supplier except for those products appear to have quality defects.
After the Purchaser receiving the products, all the risks are then
borne by the Purchaser, and the Purchaser must pay to the Supplier
promptly in accordance with the payment terms specified in this
agreement.
The Purchaser and the Supplier each holds one executed copy of this agreement.
/s/ Zhaoqing Blue Ribbon Beer Marketing Co., Ltd.
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/s/ Zhaoqing Blue Ribbon Brewery Noble, Ltd.
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Date: July 11, 1995
