Form of Sales Contract (English summary), between Great Shengda and Hangzhou Wahaha Group Co., Ltd

Contract Categories: Business Operations - Sales Agreements
EX-10.5 9 exhibit10-5.htm EXHIBIT 10.5 China Packaging Technologies, Inc. - Exhibit 10.5 - Filed by newsfilecorp.com

Exhibit 10.5

Form of Sales Contract

(English Summary)

Party A: Great Shengda as supplier

Party B: Hangzhou Wahaha Group Co., Ltd. as purchaser

Guarantee 1.

When the contract is signed, Great Shengda will pay Hangzhou Wahaha Group Co., Ltd. RMB100,000 as deposit. Hangzhou Wahaha Group Co., Ltd. will return the deposit to Great Shengda at the end of the contract period if Great Shengda perform the contract well.

2.

During the period of the contract, Great Shengda should abide by the terms and should not refuse to provide products or provide non-conforming products or terminate the contract unilaterally. If any of the above happens, Hangzhou Wahaha has the right to deduct from the deposit and Great Shengda shall be responsible for Hangzhou Wahaha’s losses.


Standard of Inspection

                   Provided by Hangzhou Wahaha, the Standard of Inspection of Q/WH0436, Q/WH0449. Q/WH0459. Q/WH0466, Q/WH0468, Q/WH0469, Q/WHJ0512. Q/WHJ0518, Q/WHJ0530. Q/WHJ0542, Q/WH0543, Q/WHJ0566, Q/WH0567.

 
Resolution of Quality
Problem

                   The supplier should provide cartons under the Standard of Inspection and the Contract. The purchaser has the right to destroy non-conforming products and the supplier should bear all the costs and expenses.

 
Transportation

                   By vehicle

 
Standards of check and
acceptance

                   According to the Standard of Inspection and the Contract, The supplier has the right to reject non-conforming products or ask the supplier to replace the products for free.

 
Payment

                   After inspection and acceptance of the goods, and provided form of inspection and VAT invoice, the purchaser will make payment, in 30 working days. The supplier should give legal, true and available VAT invoice or the supplier will bear all costs.

 
Governing Law

                   China’s Contract Law

 
Dispute Resolution

                   the purchaser’s local court