Purchase and Sales Contract
Party
A (Client): Shenzhen ORB-FT New Material Co., Ltd
Party
B (Supplier): Shanghai Arhys Donntal Chemicals Co., Ltd
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1.
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General
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Based on
the priciple of mutual benefit and trust, Party A and Party B make this
agreement in order to clear both rights, obligations and ways to deal with
conflicts.
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2.
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Scope
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Basic
issues about Party B supplies products to Party A and Party A settles the
payment for Party B.
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3.
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Product
Price
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The
product categories, name, specifications and price, which Party B supplies to
Party A, see the attachment.
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4.
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Order
Way
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4.1
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Party
A’s orders are sent to Party B by fax in 15 days early. The orders include
the content of product names, specifications, quantities,
delivery date and place and so on. The orders are signed by the designated
people of Party A and sent to Party B by
fax.
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4.2
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The
orders is required to sign and seal by the designated people of Party B
and send back to Party A by fax within 2 days since Party B receives the
orders.
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4.3
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If
Party A increases the quantities of orders, part of the increase is
considered a new order
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4.4
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Orders,which
is an effective part of this agreement, have the same legal effect with
this agreement.
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5.
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Delivery
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According
to orders’ quantities, delivery date and place, the products are delivered by
Party B on time, plus the inspection report and invoices.
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6.
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Package
and transportation
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6.1
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Packing
of the products are confirmed by Party A. Party B is responsible for full
compliance packaging and safety in transportation. The package fees are
bore by Party B.
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6.2
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Party
B is required to deliver the products on time and arrange transportation
for Party A. Place and way of delivery is appointed by Party A and
Delivery fees are bore by Party B.
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7.
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Payment
settlement
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7.1
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In
general, Party A settle the payment for Party B twice per
month
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7.1.1
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The
payment of delivery date form 15th
to 31st
of last month is settled on 15th
of current month
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7.1.2
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The
payment of delivery date from 1st
to 15th
of current month is settled on 30th
of current month
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Party B
provides delivery details in eletronic format to Party A, including quantities,
batch and delivery date and so on.
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7.2
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The
premises of payment settlement:
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7.2.1
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The
products provided by Party B must be qualifed by testings which are held
by Party A ( Party A makes sure to finish the testing within one week
after receiving the products)
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7.2.2
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Party
A receives the Value-add-tax invoices which are issued by Party
B
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8.
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Agreement
Period
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This
Agreement is effective from Oct 1st, 2009
to Oct 1st,
2010.
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9.
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Others
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9.1
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This
Agreement has two copies. Each Party holds one copy. Facsimile is
valid.
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9.2
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Other
outstanding issues are negotiated by two
Party.
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Party
A:
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Party
B:
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Shenzhen
ORB-FT New Material Co., Ltd
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Shanghai
Arhys Donntal Chemicals Co., Ltd
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(Seal)
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(Seal)
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Representative:
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Representative:
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Date:
Oct 1st ,
2009
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Date:
Oct 1st ,
2009
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