Supply Agreement between Ren Yanhuai and Yangling Dongke Madisen Pharmaceutical Co., Ltd.

Contract Categories: Business Operations › Supply Agreements
Summary

This agreement is between Ren Yanhuai and Yangling Dongke Madisen Pharmaceutical Co., Ltd. for the supply of raw materials used in Chinese medicine. Party B (Ren Yanhuai) will provide specified raw materials to Party A (Yangling Dongke Madisen Pharmaceutical), who will purchase them at current prices. Party A must give feedback within 10 days of receiving goods, and Party B is responsible for quality or returns. Payment is mostly due the following month, with a year-end debt cap. The agreement lasts one year unless terminated with 30 days' written notice.

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EX-10.19 25 ex1019.htm EXHIBIT 10.19 ex1019.htm Exhibit 10.19
 
Supply Agreement
 

PartyA: Ren Yanhuai
PartyB: Yangling Dongke Madisen Pharmaceutical co.,ltd
Address: 8 Xinqiao Road Yangling Demonstration Zone
 
Based on the mutual trust and understanding, two parties reach the following agreements:
 
1 Both sides establish long term cooperation relationship in raw materials of Chinese medicine.
2 Party A purchases necessary raw materials from Party B with the current price.
3 Party B will provide the required raw materials (including variety, quantity, price and date)
4 Party A gives feedbacks to Party B within 10 days after receiving the goods. PartyB is responsible for the quality of the goods or return.
5 Payment term: rolling settlement, the 60%-70% payment of the goods is payable in the next month, but at the end of the year the debts should not exceed 450 thousand RMB.
6 Party B is in charge of delivering the raw materials to the PartyA’s designated warehouse and the transport expenses.
7 The agreement shall remain in force for the period of one year from the date of signature, unless one party terminates it.
8 If one party requires to terminate the contract, it must inform the other party in writing 30 days ahead.
9 the two parties could deal with the uncovered items friendly.
10 This agreement has two copies which have the same effect.




 
 
 


Party A(signature):
 
                                                      January 10, 2009
 
PartyA: Yangling Dongke Madisen Pharmaceutical co.,Ltd
Address: 8 Xinqiao Road Yangling Demonstration Zone
Zip Code: 712100
 
PartyB：Ren Yanhuai
Address: East house on the second floor Unit 3 Century Road No.7 Building Xiangyang Shaanxi.