English Translation) Shandong Green Foodstuff Co. Ltd. Sales Contract
Exhibit
10.11
(English
Translation)
Shandong
Green Foodstuff Co. Ltd.
Contract
No.: 20060513
Date:
May
13th
2006
Place:
Junan
The
Seller: Shandong Green Foodstuff Co. Ltd.
Address:
Bei Xxxx Xxxxx Road, Junan County, Shandong, China
The
buyer: Shandong Green Safety Import and Export Co. , Ltd.
The
two
parties hereby enter into the following provisions through friendly consultation
in accordance with the Contract Law of the People’s Republic of
China:
Article
One: Name and Specifications of the Product
|
Name
|
Specification
|
Unit
price
|
Quantity
|
Price
|
Time
of delivery
|
|||||
|
Chestnut
In Syrup
|
9L/Tin
|
120RMB
|
00000xxxx
|
XXX
9,600,000.00
|
Time
of delivery: from May 13, 2006 to December 12, 2006. To be delivered
in 7
installments on the 10th
day of the second month since signature of the contract and of
every
subsequent month, Quantity of delivery is 1/7 of the total quantity
of
every variety. Pay on Delivery (P.O.D). 2% of over or short of
payment and
delivery is allowed.
|
|||||
|
Frozen
Bottom-open Chestnut in Shell
|
Kilogram
|
00
XXX/xx
|
000xxxx
|
XXX
1,500,000.00
|
||||||
|
Xxxxxx
xxxxxxxx
|
100g×16
bags/box
|
80
XXX/xxx
|
00000xxxxx
|
XXX
1,472,000.00
|
||||||
|
XxxXxxxx
Xxxx
|
5kg/bag
|
00
XXX/xxx
|
0000xxxx
|
XXX
360,000.00
|
||||||
|
Egg
Food
|
350×240
bags/box
|
70
RMB/box
|
3000
boxes
|
RMB
210,000.00
|
||||||
|
Alga
Nutrient Egg
|
00/xxx
|
00
XXX/xxx
|
00000
xxxxx
|
XXX
4,500,000.00
|
||||||
|
The
Sweet Heart Chestnut
|
100g×16
bags/box
|
00
XXX/xxx
|
00000
xxxxx
|
XXX
2,768,000.00
|
||||||
|
In
total: twenty million four hundred and ten thousand RMB
|
RMB
20,410,000.00
|
|||||||||
Article
two: Quality Requirement: To be in conformity with national food standards
as
well as with the sample provided.
Article
three: Place of Delivery/Receipt: Junan County, Shandong Province
Article
four: Transport Cost is to be assumed by the seller.
Article
five: Standard for Acceptance: Trade standard of the People’s Republic of China
shall be applied.
Article
six: Settlement Method: Upon signature of the contract, the buyer shall pay
the
seller 10% of total price as advance payment. The rest payment shall be made
upon delivery of the product.
Article
seven: Liability for Breach of Contract: Except for force majeure, if the Seller
fails to supply the product or the Buyer returns the product after receipt,
the
party in breach shall pay to the other party liquidated damages constituting
25%
of the total price. If the liquidated damages is insufficient to make up the
loss, the other party may claim for further compensation.
Article
eight: Methods for Settling Contractual Disputes: All
disputes arising in connection with this contract or the execution thereof
shall
be settled by way of amicable negotiation. If the two parties fail to solve
the
disputes through negotiation, the disputes may be submitted to the relevant
legal authority with jurisdiction where the Seller is located in accordance
with
the Contract Law.
The
period of validity of this contract is from May 13th,
2006 to
December 12th,
2006.
This
contract takes into effect upon signature and fax by the both
parties.
The
Sellers: Shandong Green Foodstuff Co. Ltd.
(Corporate
Seal)
Authorized
Representative /S/ Chen Si
The
Buyers: Shandong Green Safety Import and Export Co. Ltd.
(Corporate
Seal)
Authorized
Representative /S/: Ji Zhenwei
