Sales Agency Agreement between Dalian Wande Electronics Co., Ltd. and Beijing DeHaier Medical Technology Co., Ltd.
Dalian Wande Electronics Co., Ltd. appoints Beijing DeHaier Medical Technology Co., Ltd. as its agent to distribute JMS syringe and infusion pumps in mainland China. The agreement covers the sale of 100 sets, with payment required before delivery. The contract is valid for one year from November 1, 2009, to November 1, 2010. If the agent does not follow the supplier's pricing system, penalties and possible termination apply after repeated violations.
Exhibit 10.10
Sales Agency Agreement
1. Contracting Parties
Supplier (hereinafter “party A”): Dalian Wande Electronics Co., Ltd.
Agent (hereinafter called “party B”): Beijing DeHaier Medical Technology Co., Ltd.
Beijing DeHaier to act as JMS’s product distributor authorized by Party A which is the General Agent in China of JMS.
2. Name of device
JMS Syringe pump & Infusion pump
Quantity: 100 sets
3. Territory
Mainland of China
4. Payment
Party A can accept the payment by T/T, check or cash before Party A delivery.
5. Validity of Agreement
This Agreement, after its being signed by the parties concerned, shall remain in force for One year from Nov. 1, 2009 to Nov. 1, 2010.
6. Other Terms & Conditions
Should Party B fail to follow Party A’s price system on the market, Party A will send a written notice at the first time it occurs, and will require Party B to pay 5000.00 RMB penalty fine at the second time, and will terminate this agreement at the third time.
Party A’s signature:
Party B’s signature:
Date: November 1, 2009
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