OEM and Distribution Agreement between Zhucheng Ziyang Ceramics Co., Ltd. and Laiyang Haina Ceramics Co., Ltd.
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Summary
Zhucheng Ziyang Ceramics Co., Ltd. and Laiyang Haina Ceramics Co., Ltd. have entered into an agreement where Zhucheng Ziyang will manufacture ceramic products for Laiyang Haina under Laiyang Haina's brand. Laiyang Haina must meet a monthly revenue minimum and provide design and packaging details, as well as pay a deposit and full payment before delivery. If Laiyang Haina fails to meet the revenue requirement for two consecutive months, the agreement ends. Upon termination, the deposit is refunded. Both parties agree to consult on any product quality issues.
EX-10.1 2 exh10-40.htm DISTRIBUTION AGREEMENT WITH HAINA CERAMICS CO., LTD. exh10-40.htm
EXHIBIT 10.40
OEM and Distribution Agreement
Party A: Zhucheng Ziyang Ceramics Co., Ltd.
Party B: Laiyang Haina Ceramics Co., Ltd.
WHEREAS, Party B to take its own brand to Party A for the processing collaboration. Both Parties agree to enter the following agreement:
| 1. | Party B shall reach the monthly revenue minimum requirement of RMB 1 million (approximately $158,000) or above, if Party B fails to reach this requirement in two consecutive months, the OEM agreement shall be terminated. |
| 2. | After both parties sign off the agreement, Party A shall prepare enough inventories for Party B. |
| 3. | Party B shall provide the sample of the packaging box, the information about design and color, as well as shipping arrangements. |
| 4. | Party B shall pay Party A RMB 0.1 million (approximately $15,800) as the deposit. Party B shall make full payment of the products before delivery, and the storehouse will be cleared at the end of each month. |
| 5. | Party B shall provide the business registration, trademark registration, organization code, authorization letter and other related business certifications. If Party B is investigated by the related organization due to this issue, Party B shall solely take the full responsibility. |
| 6. | Both Parties shall go through a consultation if there is any quality issue to the products. |
| 7. | Once the business between both Parties is terminated, Party A shall refund the deposit to Party B |
Party A: Zhucheng Ziyang Ceramics Co. Ltd.
Signed by: /s/ Sun, Haiming
Party B: Laiyang Haina Ceramics Co., Ltd.
Signed by: /s/ Liu, Xiaobi
Date: 04/01/2012
