Exhibit 10.1
Purchase Agreement
Supplier: Shanghai Jinkui Packaging Material Co., Ltd ("JINKUI")
Purchaser: Hunan Prince Milk Group
Reference #: 20070312058
Signing addresses: Zhuzhou city, Hunan province
Date: March 12, 2007
1. Product name, trademark, type, manufacturer, quantity, amount, delivery time
and quantity
------------------ ---------------- ----------------- -------- ------------------ -------------- ------------------------
Product name Trademark Type Unit Unit Price Quantity Amount
------------------ ---------------- ----------------- -------- ------------------ -------------- ------------------------
Aluminum Foil Jinkui Diversified Ton RMB 36,000 500 tons RMB 18,000,000
for Prince Milk ($4,500/ton) ($2,300,000)
(2 layers)
------------------ ---------------- ----------------- -------- ------------------ -------------- ------------------------
2. The delivery time, quantity and the unit price: It depends on the written
notice of the delivery from the purchaser regarding the specific quantity, unit
price and the date of availability. The supplier must guarantee the punctual
delivery to the assigned location according to the written notice from the
purchaser.
3. Quality requirement, technical standard and the condition and deadline of the
supplier responsible for the quality: Supplier manufactures the products
according to the national, professional standard or agreement reached by both
parties (or the agreement appendix). When the supplier delivers the batch of
products to the purchaser, the supplier must provide the quality certificate,
which should be confirmed by the purchaser.
4. The address and the way to handing over the products: Deliver, check and
accept the products at the assigned location by the purchaser .The expenses of
hanging and moving the products should be born by the supplier .The delivery
date is delivery certificate of the supplier. The supplier delivers the products
to the assigned warehouse assigned by the purchaser.
5. Transport mode, station of arrival and expense: For the automobile (railroad,
aviation, aquatic) transportation, the supplier undertakes consigns for
shipment. The cartage expense and the journey cargo damage loss are born by the
supplier. The purchaser receives the products at the warehouse assigned by the
purchaser.
6. Packing standard, the supplying and recycling of the packing material: Need
the corresponding packaging meeting the products high standard safety
requirements.
7. The approval standard, method and the objection deadline: After the purchaser
receives the products, the purchaser should check the products according to the
national, professional standard or the agreement achieved by both parties
(agreement appendix). After the products arrived the purchaser's assigned
warehouse, the purchaser can propose the objection to the supplier within 30
days after the purchaser approved the quality.
8. Way and deadline of settlement: After delivery, the purchaser makes payment
for the amount of the first month in 3 months, later by the analogy.
9. Violation responsibility: According to the "Law of Contract" of People's
Republic of China.
10. Way of solving the dispute: Commonly the dispute is negotiated by both
parties. If failed, both of the parties agree to file the lawsuit in the local
court within the agreement jurisdiction.
11. Agreement term: From March 12, 2007 to March 12, 2008.
12. The agreement was signed on March 12, 2007 in Zhuzhou city. There are four
copies and both sides hold two respectively. All of the copies have the same
legal effect.
13. Other items:
(1)Before signing the agreement, the supplier should provide the
certificate of the independent legal representative and the business
license copy.
(2 Before delivery, the supplier must inform the purchaser.
(3 The supplier should provide the purchaser the invoice of 17% increment duty.
Supplier: Shanghai Jinkui Packaging Material Co., Ltd
Signature and Stamp
Purchaser: Hunan Prince Milk Group
Signature and Stamp
