MASTER AGREEMENT
Between
ZHAOQING
HUA SU TRADE CO., LTD (“HUA SU”)
and
TONGHE
ENVIRONMENTAL HOLDINGS LTD (“TONGHE”)
This
Master Agreement is entered into effective January 5, 2009 (the “Effective
Date”) by and between ZHAOQING HUA SU TRADE CO., LTD (“PURCHASER”), with its
principal place of business at Xxxx 00, Xxx Xxxx, Xxxxxx Xxxxxxxx, Xxxx Xxxx
City, Guangdong, China, AND TONGHE ENVIRONMENTAL HOLDINGS LTD, a limited
liability company (“VENDOR’), with a principal place of business at 6B Success
Comm XXXX. 000 Xxxxxxxx Xxxx HK.
TERMS
& CONDITIONS.
GENERAL
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1.
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VENDOR
agrees to provide scrapped plastics to
PURCHASER
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2.
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The
VENDOR expressly warrants that all goods delivered pursuant to the
individual contract will conform to any sample and any specifications, or
other description furnished or adopted by Purchaser and will be fit and
sufficient for their intended purpose, of merchantable quality and free
form defect.
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3.
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In
the event that delivery of goods is not made at the time or times
specified or the goods delivered or unsatisfactory, Purchaser reserves the
right, without prejudice to its other rights, to cancel all or any part of
this purchase order or return any delivered goods, the whole without any
cancellation charge or penalty.
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4.
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PURCHASER
can at any time, by written order, make changes in any one or more of the
following:
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a) specifications
or samples;
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b) method
or shipment or packing;
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c) time
or times of delivery
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5.
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This
order CANNOT be cancelled by VENDOR without the consent of PURCHASER, but
PURCHASER, reserves the right to cancel, suspend, and/or re-schedule in
its discretion, by written notice sent to VENDOR. In the event
of cancellation and except where such cancellation is due to PURCHASER
fault, VENDOR shall be entitled to reimbursement of costs properly
incurred to the date of cancellation, plus a reasonable profit of work
done. Such charges shall not exceed the order
value.
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6.
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The
VENDOR shall not dispose to third parties nor use for any purpose other
than the performance of its obligations under this contract, any technical
data, any other information furnished to it by
PURCHASER.
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PRICE
TERM.
CIF
destination unless otherwise specified
PAYMENT
TERM.
30%
Deposit upon signing the individual contract;
70%
Balance upon shipping documents.
SHIPPING
TERMS.
1. Vendor
is responsible for freight
2. Packing
must meet ocean shipment requirement
3. Vendor
must arrange shipment within 30 days after the individual contract is
signed.
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4. Invoicing
amount shall be based on the final loading weight.
Authority
to Execute.
The
Parties have executed this Master Agreement in their capacities as stated below
with authority to bind their organizations on the dates set forth by their
signatures.
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[COMPANY]
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TONGHE
ENVIRONMENTAL HOLDINGS LTD
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/s/
[SEAL]
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/s/
Xxxxx Xxxx Fang
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XXX
XXXX XXX
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XXXXX
XXXX XXXX
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GENERAL
MANAGER
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GENERAL
MANAGER
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Date: 2009-1-5
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Date: 2009-1-5
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