Purchase Agreement
Exhibit 10.16
Party A: Chongqing Penglin Food Co., Ltd.
Party B: Feng Renyi
| 1. | Quality |
Party B should provide qualified live pigs to Party A.
| 2. | Quantity |
If there are temporary changes in quantity, Party A should notice Party B in advance.
| 3. | Delivery |
The cost of delivery should be paid by Party B.
| 4. | Account |
Party A should pay to Party B after the purchase according to the market price.
| 5. | Default Xxxxxx |
| 1) | If Party A can’t pay to Party B on the agreed date or Party B can’t provide live pigs to Party A, the defaulting party should pay liquidated damages RMB 10,000 to the other. |
| 2) | If Party B can’t provide qualified live pigs, Party A is entitled to refuse to accept. If there are serious problems in quantity, Party A can terminate this Agreement. If the quantity cause loss to Party A t, Party B should compensate for this. |
| 6. | Dispute Resolution |
In the event of any dispute, controversy or claim (collectively, “dispute”) arising out of or relating to this Agreement, the parties shall attempt in the first instance to resolve such dispute through friendly consultations. If it can’t be resolved through friendly consultations, any party has rights to submit the dispute for lawsuit.
| 7. | Miscellaneous |
This Agreement comes into effect upon the execution of both parties. This Agreement may be executed simultaneously in two counterparts, each of which shall be held by each Party, all of which together shall constitute one and the same instrument. The term of this Agreement is from January 1, 2017 to December 31, 2017.
Party A: Chongqing Penglin Food Co., Ltd.
(Signature):__________________________
Party B: Feng Renyi
(Signature):__________________________
Date: January 1, 2017
