Purchase Agreement between Great Shengda and Wuxi Rongcheng Paper Co., Ltd.
Great Shengda (Buyer) and Wuxi Rongcheng Paper Co., Ltd. (Vendor) enter into an agreement for the purchase of products, with details such as size, amount, and price determined by the Buyer's order and confirmed by the Vendor. Products must meet national quality standards or those agreed upon by both parties. Delivery occurs at the Vendor's warehouse, and the Buyer must notify the Vendor in writing of any issues within 10 days of receipt. Payment is due monthly, 60 days after order, by bank acceptance, with the Buyer covering freight costs. Disputes are resolved in the local court.
Exhibit 10.6
Form of Purchase Agreement
(English Summary)
| Parties to Contract | Great Shengda as Buyer and Wuxi Rongcheng Paper Co., Ltd. as Vendor |
| Details of Products | The size, amount and price depend on the Buyer’s order and will be confirmed by the Vendor. |
| Standard of Quality | According to the GB13024-91 Standard of the state or the agreement of the two parties. |
| Location of Delivery | Warehouse of the Vendor. |
| Standards of checking and accepting | According to the GB13024-91 Standard of the state or the agreement of the two parties. |
| Time limit of objection | The Buyer should send a written notice to the Vendor if the products are found less than the contract-amount nor can fit the quality standards in 10 days after the Buyer receive the products. |
| Payment | 1. | Pay on the 20th of the month when the order is placed; pay on the 20th of next |
| month. Monthly payment at 60 days. | ||
| 2. | Pay by Bank Acceptance. | |
| 3. | Freight is paid by the Buyer |
| Dispute Resolution | the local court |
