Form of Purchase Agreement (English summary), between Shengda Color and Wuxi Rongcheng Paper Co., Ltd
Exhibit 10.11
Form of Purchase Agreement
(English Summary)
| Parties to Contract | Shengda Color as Buyer and Wuxi Rongcheng Paper Co., Ltd. as Vendor |
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| Details of Products | The standard, amount and price depend on the Buyer’s order and will be confirmed by the Vendor. |
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| Standard of Quality | According to the GB13024-91 or the agreement of the two parties. |
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| Location of Purchase | Warehouse of the Vendor. |
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| Inspection Standards | According to the GB13024-91 or the agreement of the two parties. |
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| 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 at the very moment the Buyer receive the products. |
| Methods of 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 or telegraphic money order. | |
