Annual Supply Agreement
Annual
Supply Agreement
Party
A Shenzhen ORB-FT new material
Co.,Ltd
Party B Dongguan Pusaida
Seal Adhesive Co.,
Ltd
1 General
Provision
1.1 In order to be mutually
beneficial, to improve product quality, and to determine the rights, obligations
and methods of
dealing with conflict, Shenzhen ORB-FT new material
Co.,Ltd
(“Party
A”) and
Dongguan Pusaida
Seal Adhesive Co., Ltd (“Party B”) made the following Agreement;
1.2 Where two parties
are involved
with transaction of goods, they shall strictly
follow this
Agreement based on mutual cooperation and coordination, and
reputation;
2 Scope of agreement: Basic
issues concerning Party A purchasing goods from Party B.
3 Price:
The price of goods Party B
provides to Party A includes 17%
value-added tax, which is also the price when goods
arrive Party A, the price is as follows:
|
Number
|
Product
|
Unit
|
Unite
Price
|
Quantity
|
Amount
|
Notes
|
||||||||||||
|
1
|
Sealant
310 ML
|
Pack
|
11.88 | 165000 | 1,960,200.00 | |||||||||||||
|
2
|
Sealant
600 ML
|
Pack
|
21.06 | 60000 | 1,263,600.00 | |||||||||||||
|
3
|
Sealant
400 ML
|
Pack
|
14.04 | 30000 | 421,200.00 | |||||||||||||
|
4
|
Sealant
|
Kilogram
|
22.14 | 162000 | 3,586,680.00 | |||||||||||||
4 Ordering
Method
4.1 Party A shall fax the
order to Party B 15 days in advance; the order shall include product name, number (Model
number), quantity, delivery date, delivery location and etc. The
order shall be signed by the representative designated by Party A, and return to Party B by
fax;
4.2 Upon Party B
receiving the
order from Party A, Party B shall return the
order within the same day by fax with the order signed and sealed by the designated
person;
4.3 Order is an effective
portion of supply agreement, and has the same legal effect as this
Agreement.
5
Delivery
5.1 Party B shall
deliver goods to
Party A promptly based on quantity, delivery date, and delivery location provided by the order,
together with
quality inspection reports, invoices and invoice list
enclosed;
5.2 For additional orders,
Party A shall submit new orders reflecting the increased
quantity.
6 Packaging and
transport
6.1 Packaging standard is
identified by Party A, and Party B shall assure
that goods have no damage and the accurate quantity delivered to the designated
location by Party A. Internal and
external
packaging of goods shall be assumed by Party A;
6.2 Party A determines
transport method, and goods will be delivered to Party B’s location. Party
A shall bear the transport cost; Party A may also pick up the goods by
itself.
7 Payment
settlement
In principal, Party A shall make
the payment upon Party A ‘s acceptance of goods,
together with
receipt of Value-Added Tax invoices.
8 Term of
Agreement
This agreement will
remain valid
from March 6, 2007 till March 5, 2008.
9 Others
9.1 There shall be
two copies of
this Agreement, and each party holds a copy; fax copy has the same
legal
effective;
9.2 Other matters shall be
resolved through friendly
negotiations.
Shenzhen ORB-FT new material
Co.,Ltd
Representative:
Date: Xxxxx 0,
0000
Xxxxxxxx Pusaida Seal Adhesive Co.,
Ltd
Representative:
Date: Xxxxx 0,
0000
Xxxxxxxxx of Price Reduction
of Dongguan Pusaida Seal Adhesive Co., Ltd
Main
Product
|
Serial
number
|
Product
Nature
(Name)
|
Size
|
Original
Price
(Include
tax) (RMB)
|
Current
Price
(Include
tax) (RMB)
|
% of
Change
|
|||||||||||
|
1
|
D/E
Vat
|
240
kg/vat
|
5313.6 | 5059.8 | -5 | % | ||||||||||
|
2
|
B/D
Flexible Packaging
|
600
ml/unit
|
21.06 | 20.45 | -3 | % | ||||||||||
|
3
|
B/D
Flexible Packaging
|
400
ml/unit
|
14.06 | 13.63 | -3 | % | ||||||||||
|
4
|
B/D
Aluminum Tube
|
310
ml/tube
|
11.76 | 11.41 | -3 | % | ||||||||||
|
5
|
Type
B special hard Aluminum Tube
|
310
ml/tube
|
11.76 | 11.41 | -3 | % | ||||||||||
|
6
|
White
Glue Aluminum Tube
|
310
ml/tube
|
15 | 14.28 | -5 | % | ||||||||||
Note:
|
1.
|
New
price is performed from October
1,
2007
|
|
2.
|
The
price above includes 17% value-added
tax.
|
|
3.
|
Payment:
55% acceptance per month, 45% pay by cash, payments are settled before the
following
Wednesday.
|
|
4.
|
The
price is terminated as the agreement
terminated
|
Shenzhen ORB-FT new material
Co.,Ltd
Date: September 25,
2007
Dongguan Pusaida Seal
Adhesive Co., Ltd
Date: September 25,
2007
Memoradum of Price Reduction
of Dongguan Pusaida Seal Adhesive Co., Ltd
Main
Product
|
Serial
number
|
Product
Nature
(Name)
|
Size
|
Original
Price
(Include
tax) (RMB)
|
Current
Price
(Include
tax) (RMB)
|
% of
Change
|
|||||||||||
|
1
|
D/E
Vat
|
240
kg/vat
|
5059.8 | 4902.41 | -3 | % | ||||||||||
|
2
|
B/D
Flexible Packaging
|
600
ml/unit
|
20.45 | 19.22 | -6 | % | ||||||||||
|
3
|
B/D
Flexible Packaging
|
400
ml/unit
|
13.63 | 12.81 | -6 | % | ||||||||||
|
4
|
B/D
Aluminum Tube
|
310
ml/tube
|
11.41 | 10.84 | -5 | % | ||||||||||
|
5
|
Type
B special hard Aluminum Tube
|
310
ml/tube
|
11.41 | 11.41 | 0 | % | ||||||||||
|
6
|
White
Glue Aluminum Tube
|
310
ml/tube
|
14.28 | 12.85 | -10 | % | ||||||||||
Note:
|
5.
|
New
price is performed from
March 23, 2009
|
|
6.
|
The
price above includes 17% value-added
tax.
|
|
7.
|
Payment:
55% acceptance per month, 45% pay by cash, payments are settled before the
following
Wednesday.
|
|
8.
|
The
price is terminated as the agreement
terminated
|
Shenzhen ORB-FT new
material
Co.,Ltd
Date: Xxxxx 00,
0000
Xxxxxxxx Pusaida Seal
Adhesive Co., Ltd
Date: March 20,
2009
