Sales Contract (English summary), dated December 30, 2009, between Great Shengda and Nong Fu Shan Quan Co., Ltd
Exhibit 10.4
Sales Contract
(English Summary)
Party A: Great Shengda as supplier
Party B: Nongfu Spring Stock Co., Ltd. as purchaser
Date of Signing | Dec 30, 2009 |
Orders | 1. | The name, pattern, amount of products as well as time and location of delivery depend on the orders of purchaser. The purchaser uses Order Form to send purchase-request and purchase-order to the supplier. |
2. | The supplier should deliver products according to the orders. If the supplier misses the deadline, the supplier should bear related costs and expenses. | |
3. | The two parties agree the location of delivery is the location of the purchaser. The supplier will be responsible for transportation and unloading. |
Payment and Time Limit | After inspection, the purchaser should pay to the supplier by wire in 75 days or by bank acceptance in 60 days. |
Contract Term | January 1, 2010 to December 31, 2010 |
Quality Obligation | 1. | The quality guarantee period is 6 months after inspection. |
2. | The purchaser is entitled to mark non-conforming products at the suppliers presence or ask the supplier destroy the non-conforming products at the purchasers presence. | |
3. | If the supplier delivers non-conforming products to the purchaser, the purchaser is entitled to reject the products and seek penalty 3 times of the products price. | |
4. | The supplier should finish the rejection-request within the deadline of the purchaser. | |
Dispute Resolution | Resort to the purchasers local court | |