Supply Agreement
The
Supplier (Party A): Guizhou Qianye Plastics Co., Ltd.
The
Buyer (Party B): Guizhou Baite Pharmaceutical Co., Ltd.
Contract
No.:
Signed
in: Guiyang
Signed
on: 2005.7.13
1.
Product
name, specification, quantity, amount, and date of (pick
up)
No.
|
Product
Name
|
Specs
|
Unit
|
Quantity
|
Unit
Price
|
Amount
|
Remarks
|
1
|
PET
bottle
|
100ML
|
Set
|
0.42
|
Incl.
the bottle, cap, and cup
|
||
2
|
|||||||
3
|
|||||||
Total
Amount in Renminbi (in words):
|
The
date
of delivery as well as the specification and quantity of products demanded
by
Party B shall be subject to Party B’s plan of demand for the next month set
prior to the 26th
day of
each month, and upon the notice, Party A shall arrange for the supply within
the
time limit set by the two parties. The delivery may be postponed in case of
factors of force majeure.
2. Quality
standards: YBB00102002, YBB0001102002, and YBB0001202002. Party A shall provide
a three-guarantee (i.e. guarantees of repair, replacement, and refund) quality
assurance for the products supplied within the shelf life, and should quality
problem be found in the term of guarantee, Party B shall immediately stop using
the product and notify Party A in time. The two parties shall hold talks to
solve quality problems.
3. Contract
modification: for any modification of contract, the Party shall notify another
party in writing on month in advance, and such modifications shall take effect
after both parties have held amicable talks and given their
consent.
4.
Place
of
product delivery (pick up) and means of transport: Party A shall deliver
the
products to Party B’s warehouse.
5.
Standard
of package: the product shall be packaged in plastic film bags and put
in
cartons.
6. The
price
shall be subject to the market price and determined by the two parties through
talks. The time delivery is confirmed by affixing the signature of the receiver
shall be taken as the basis of payment.
7. Methods
and time limit of payment: the payment shall be made by means of bank transfer,
and one payment shall be made for 200,000 sets of products; in case less than
200,000 sets are delivered in a specific month, settlement shall be made in
lump
sum at the month-end for the products actually delivered.
8. Responsibilities
of breach: shall be subject to the Contract Law. Disputes arising in the course
of contract execution shall be solved through talks.
9. Party
A
shall provide related documents (including certificate of registration,
photocopy of business license, report of quality inspection, etc.) to Party
B.
Likewise, Party B shall provide the photocopy of business license and tax
registration certificate (or identity card or household registration
certificate) to Party A for record and inspection purposes.
10.
Others
stipulations
i.
In
case of payment delay, Party A has the right to stop the delivery and all losses
arising shall be born by Party B solely.
ii.
Error
in product measurement: shall be within ±10‰.
iii.
Party B shall notify Party A of any quality problems, if any, within 15 days
after the products are received.
11.
This
contract shall be valid from July 13, 2005 to August 12, 2006.
12.
This
contract is made out in duplicate and Party A and Party B shall keep one each.
It shall come into effect upon the signatures and seals of Party A and Party
B.
13.
Unstated matters shall be solved by the two parties through further talks.
Supplier
(Party A): Guizhou Qianye Plastics Co., Ltd.
|
Buyer
(Party B): Guizhou Baite Pharmaceutical Co., Ltd.
|
/s/:
Legal Representative
|
/s/:
Legal Representative
|
Agent:
|
Agent:
|
Bank:
ICBC, Wudang District Sub-branch
|
Bank:
|
A/C
No.: 2402000909006713295
|
A/C
No.:
|
Tax
No.: 52010062220299300
|
Tax
No.:
|
Tel:
0000-0000000
|
Tel:
|
Fax:
0000-0000000
|
Fax:
|
Address:
Nanfang Huitong Science and Technology Park
|
Addressæ:
|
Xintian
Yuanqu, Guiyang National Hi-tech
|
|
Industrial
Development Zone
|
|
Postcode:
550018
|
Postcode:
|