Processing Contract
EX-10.24 9 v112040_ex10-24.htm
Exhibit 10.24
English Translation of Chinese Version
Processing Contract
Party A: Guangdong Taigu Coca-Cola Beverages Co. Ltd.
Adress: No. 998 Huangbu Blvd East, Guangzhou City Guangdong, China
Party B: Guangdong Taoda Beverage Co. Ltd.
Address: No. 2 Zhuji Road Jishan Village Zhuji Street Guangdong City, China
Part A and Part B have entered into this contract with the agreement of details as follows.
1. | Products to be produced by Party B at the request of Party A (the “Products”) |
a. | Products and specification |
(INTENTIONALLY DELETED)
b. | Quantity - Party A will provide purchase order at the last work day of a week. Party B will provide delivery schedule a week prior to delivery. |
2. | Supply of Material and Requirement of Quality |
a. | Party B will produce PET bottles by using the module designated by Party A. Party B shall purchase the raw material from the suppliers who shall be designated Party A. The produced bottle shall be inspected by Party A. Party A will only examine the configuration design of bottle and the odor and will not be liable for any deficiency of quality produced by Party B. |
b. | The related material for producing accessories (such as cap, label, box, and etc) of bottle shall be designated by Party A . Party B shall obtain the approval before purchasing cap and label. |
c. | The products processed by Party B shall meet the standard of GB17323-1998 and the industry standard required by Party A. Please see attachment for the details of requirement. |
3. | Purchase Price |
(INTENTIONALLY DELETED)
a. | Payments: Party B shall provide invoice with the quantity of the products accepted by Party A on 15th day and 30th day of each month. Party A will make all the payments due within a week. |
4. | Term of Contact |
a. | The valid term of this contact will be from January 1, 2008 to December 31, 2008. Contact can be extended with mutual agreement. |
English Translation of Chinese Version
5. | Trademark/ Intellectual Property |
a. | Party A and Coca (China) Co., Ltd will co-own the trademark and its configuration design of the Product. Party B shall be liable for any violation of property rights arising from its performance of this contract. Party A shall be legible to terminate this contract when such violation occurs. |
b. | The contact does not authorize Party B to sell the Products. Party B will be liable for any use of any related products without Party A’s approval and Party A shall terminate this contract for such violation. |
c. | Party B is responsible to maintain all the related products and materials related to the Products. Party B will be liable for any unauthorized usage of all materials and Products by third parties. |
6. | Miscellaneous |
a. | Party A shall send supporting staffs at Party B’s site. Party B will be responsible for board and accommodation for the supporting staffs. |
b. | Party B shall provide proper warehouse for maintain all the materials and the Products. The capacity of the warehouse shall be able to place materials for two-month demand and made products for one-month demand. |
c. | Upon early termination of the contract, Party B shall promptly return to Party A all the raw materials and unfinished products without delay. |
7. | Event of Default: |
a. | (INTENTIONALLY DELETED) |
b. | If the Product failed to satisfy the standard as set forth in the agreement, Party B shall be responsible to recall all the deficient product at its own cost. |
c. | (INTENTIONALLY DELETED) |
8. | Any dispute arising from this contract shall be determined by courts with the jurisdiction where Party A is domiciled. |
9. | This contract may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. |
Party A: Guangdong Taigu Coca-Cola Beverages Co. Ltd.
Stamp and Seal
Party B: Guangdong Taoda Beverage Co. Ltd.
Stamp and Seal
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