Purchase Agreement between Shengda Color and Wuxi Rongcheng Paper Co., Ltd.
Shengda Color (Buyer) and Wuxi Rongcheng Paper Co., Ltd. (Vendor) enter into an agreement for the purchase of products, with details such as quantity, price, and standards to be confirmed per order. Products must meet specified quality standards, and the Buyer must notify the Vendor immediately in writing if there are any issues upon receipt. Payment is due monthly, either by bank acceptance or telegraphic money order, with payments scheduled on the 20th of the month or the following month, and a 60-day payment term applies.
Exhibit 10.11
Form of Purchase Agreement
(English Summary)
| Parties to Contract | Shengda Color as Buyer and Wuxi Rongcheng Paper Co., Ltd. as Vendor |
|
| |
| Details of Products | The standard, amount and price depend on the Buyer’s order and will be confirmed by the Vendor. |
|
| |
| Standard of Quality | According to the GB13024-91 or the agreement of the two parties. |
|
| |
| Location of Purchase | Warehouse of the Vendor. |
|
| |
| Inspection Standards | According to the GB13024-91 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 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. | |
