Purchase Agreement between Hangzhou Shengming and Anhui Shanying Paper Ltd. and Ma'anshan Tianfu Paper Products Co., Ltd.
This agreement is between Hangzhou Shengming (the buyer) and Anhui Shanying Paper Ltd. and Ma'anshan Tianfu Paper Products Co., Ltd. (the vendors) for the purchase of B2-1 Brand paper products. The buyer must send a purchase plan by fax seven days in advance, and the vendor will confirm before proceeding. Products are delivered to the buyer's factory, with the vendor handling and paying for transportation. Payment is due monthly, 45 days after delivery. Product prices may change with market conditions, subject to mutual approval. The agreement is governed by Chinese Contract Law.
Exhibit 10.14
Form of Purchase Agreement
(English Summary)
| Parties to Contract | Hangzhou Shengming as Buyer , Anhui Shanying Paper Ltd. and Ma’anshan Tianfu Paper Products Co., Ltd. as Vendor |
| Name of Products | B2-1 |
| Brand | Anhui Shanying Paper Ltd. |
| Standard of Model | 120g |
| Producer | Anhui Shanying Paper Ltd. |
| Unit | ton |
| Time of Purchase | The Buyer fax the purchase-plan to the Vendor 7 days before the Purchase and the request will be proceeded after the Vendor’s acknowledgement. The two parties will consult with special situations. |
| Location of | In the factory of the Buyer |
| Purchase | |
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| Transportation | By vehicle, the Buyer consigns the task to the Vendor and the Vendor will pay the transportation. |
| Time limit of payment | Monthly payment at 45 days |
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| Governing Law | Chinese Contract Law |
| Payment | A part of the products are provided by Ma’anshan Tianfu including invoices. The payment will be made to Shanying. |
| Others | The price of products will change with market conditions and any change will be approved by the two parties. |
