Purchase Contract
Exhibit 10.2
Contract NO.: 0001086
The Supplier: Anhui Fengyuan Tongling Traditional Chinese Medicine Pieces Co., Ltd. Place:
| The Buyer: | Date: June 1, 2017 |
| Trade Name | Origin | Specification | Units | Unit Price | Number | Amount | Time of delivery or receiving goods | |||||||||||
| ZhiDiLong | kg | 110.00 | 40.00 | XXX0000 | ||||||||||||||
| XxxxXxxxXxxXxx | kg | 150.0 | 100.00 | XXX 00000 | ||||||||||||||
| XxxxxXxx | xx | 000 | 000 | XXX 15000 | ||||||||||||||
| XxXxxxXx | xx | 00 | 000 | XXX 9600 | ||||||||||||||
| Xxxxxx | xx | 00 | 000 | XXX 2300 | ||||||||||||||
| ZhiFuPian | kg | 24 | 100 | XXX 0000 | ||||||||||||||
| XxxxXxXx | xx | 0 | 000 | XXX 480 | ||||||||||||||
| Total Amounts (capitalize): RMB 49,180 | ||||||||||||||||||
| I. | Quality standard: The traditional Chinese medicine pieces should conform to China Pharmacopoeia and other associated regional standards. |
| II. | The method of transportation and fee: The goods sent to port, the shipping fee bearded by ; Destination , shipping fee bearded by . |
| III. | Deadline of raising an objection: Within ten days of receiving the goods. |
| IV. | Terms of shipment: 1. The buyer after receives the goods days, pays through ¨ Bank Check ¨ Remittance ¨ Bank Draft ¨ Cash on delivery to designated account (or pay in advance) |
| V. | Liability for breach of contract: If the buyer underpayment, he/she will volunteer to repay undue outstanding amounts and interest rate until repay completion. |
| VI. | Dispute resolutions: Any disputes generate from this contract, negotiated by both parties, if negotiation failed, the arbitration settled by the jurisdiction court of the supplier. |
| VII. | Nature of contract: |
¨ one-off contract ¨ long-term contract deadline months, from Year____Month Day to Year Month Day
| VIII. | The specific type, specification, price and number of traditional Chinese medicine pieces are in accordance with the receipts or letters of buyers. |
| IX. | Miscellanea: |
| 1. | Under this contract, the buyer cannot pay the goods in cash to the proxy of supplier (contract dealers), otherwise the buyer will bear all losses. |
| 2. | The disputes generated from the quality of products, both parties should abide by the inspection report provided by legal authority. |
| 3. | Without consent of the supplier, the buyer cannot return the goods, as the supplier does not agree the returns from non-quality issues. |
| 4. | For the goods need to be stored in certain terms, the buyer should conform to the relevant conditions, equipments in warehouse; otherwise the buyer will bear all losses. |
| 5. | The settlement is on the basis of the invoice amounts, the buyer cannot unilateral deducts the accounts payable. |
| 6. | Both parties should review account checking at least once a year, the buyer should provide qualified statement of account with company seal or finance seal. |
| 7. | The supplier just authorizes the proxy to sell the products of “Anhui Fengyuan Tongling Traditional Chinese Medicine Pieces Co., Ltd.”, the supplier shall not be liable for any unauthorized selling. |
| 8. | For other items, the buyer need to offer the specific letter of authorization from the supplier (such as transfer or lend cargo), otherwise the buyer the buyer will bear all losses. |
| 9. | Other unmentioned items should conform to the Contract Law of the PRC. |
| X. | This contract is in duplicate, one original for each part; effective once signed by both parties (with official seal). |
The buyer: Anhui Fengyuan Tongling Traditional Chinese Medicine Pieces Co., Ltd.
Address: Xx.0000 Xxxxxx Xxxx, Xxxxxxxx xxxx, Xxxxx province
Issuing Bank: Tongdu branch of Tongling ICBC
Account No.:
Tax No.: 0000000000000000
Tel: 0000-0000000
Fax: 0000-0000000
Postcode: 244000
Entrusted proxy:
