Contracts of Purchases and Sales of Products

Contract Categories: Business Operations - Sales Agreements
EX-10.12 3 dex1012.htm SUPPLY AGREEMENT, DATED OCTOBER 9, 2008 Supply Agreement, dated October 9, 2008

EX-10.12

Contracts of Purchases and Sales of Products

Party A: Tianjin Daxing Import & Export Trade Co., Ltd.

Party B: Tianjin Joway Textile Co., Ltd.

1. Product Names, Specifications, Quantity, Amount:

Date of Signing the Contract:

October 9, 2008

 

Product

Name

  

Color

   Fabric
Requirement
   Specification    Unit Price
( Yuan/Piece)
   Quantity
( Piece)
     Amount(Yuan)      Including
Tax
 
Sock       Cotton    male /female            
Underwear       Cotton plus
Spandex
   male /female            
Underclothes       Cotton    male /female            
Bra       Spandex
plus
Polyamide
   All Sizes            
Kneepad       Polyamide    L/XL/XXL            
Decorative Cloth       Synthetic
Fiber
   1.95m/w            
Hat       Cotton    red/m            
Shampoo       Bottle               
Shower gel       Bottle               
Soap       Bar               
Tie       Box               

Soften

Cotton

      kg               

Pillowcase

Cloth

      m               

Knitted

Fabrics

      kg               
Knitting                     
Amount (Capital)                     

Note: Party B entrusts Party A with commodity purchases. Due to price changing with the market, the current settlement price is determined via bilateral negotiation, which is the delivered price including VAT. The number shall be allowed within the range of plus-minus 10%, and the volume above 10% shall not be settled within the current period.

2. Product Quality Standards and Acceptance Methods:

(i) Reactive dyes are needed for fabric dyeing and finishing processes to meet the national environmental requirements in accordance with GB ###-###-####-B, color fastness up to 4th level or above with appearance quality unaffected due to fading in finishing treatments of the purchaser. Color difference on fabrics can not exceed the visual standard, finished products referred by the standards of retained sample. The products with great disparity shall be treated as nonconformity.

(ii) Fabrics shall be without any damage, spinning or skipped stitches;

(iii) Workmanship Requirements: Delicate, fine and close stitches, perfect design, no out-pin or short-thread; binding edge width of 2.5cm, uniform smooth and natural sewing.

3. Delivery Date: The supplier shall deliver goods 30-45 days after signing the contract with partial delivery permitted during the period, but the completion date can not exceed the time agreed in the contract. If the supplier fails to deliver the goods within the stipulated time, he needs to inform the purchaser in advance. With the approval of both sides, the delivery date can be adjusted; the purchaser can notice the supplier to adjust shipping time in case that there is excessive inventory in the purchaser.


4. Means of Transportation and Freight: The supplier is responsible for safety of packages, and processing such as waterproof, moisture-proof, anti-fouling during transport. The supplier shall choose safe and efficient transportation and pay for long-distance shipping freight.

5. Payment Settlement Methods: Both parties shall check accounts monthly. The purchaser shall make acceptance check on all commodities in accordance with the acceptance criteria provided to the supplier and return unqualified goods to the supplier without paying shipping fee for returning with the number of qualified products as payment basis. The supplier shall issue value-added invoice and the purchaser pay upon invoice

6. Responsibility of Each Party: Both parties shall abide by all clauses agreed in the contract and safeguard bilateral rights and interests. The supplier shall not produce goods with the logo of the purchaser without the permission of the latter. Once found, the purchaser shall be entitled to terminate the contract and ask for the supplier to assume the economic losses, and reserve the right of action against the supplier. The purchaser is entitled to unilaterally terminate the contract and ask for the supplier to bear the actual loss he supplier has brought about if frequent extension of the contract causes a fundamental breach. The supplier should exchange or return any commodity with quality problem confirmed such as non-normal fading, fabric pilling, fabric damage, etc., when consumers use it and compensate the loss of consumers.

7. Methods of Contract Default and Dispute Resolution: The both parties shall be exempt from financial responsibilities by mutual consultation for economic losses due to force majeure. Any disputes of the both parties arising from in economic contacts that cannot be resolved after negotiation on the principle of amicable negotiation and mutual benefits shall be submitted to the court at the purchaser’s side for settlement through litigation.

8. This contract is executed in duplicate, one for each, and shall enter into force after being signed and sealed by both parties, the fax version is also valid. This contract shall take effect as of October 9, 2008 and shall expire on October 8, 2009.

Party A

Unit Name: Tianjin Daxing Import & Export Trade Co., Ltd.

Address: No.8 Huatiandao Road, Tianjin

Legal Representative : Sun Wenxue

Stamped: Tianjin Daxing Import & Export Trade Co., Ltd.

Tel : (022) 2322-8032

Fax: (022) 2322-8031

Party B

Unit Name: Tianjin Joway Textile Co., Ltd.

Address: No.2 Baowang Road, Tianbao Industrial Park, Baodi Economic Development Zone, Tianjin

Legal Representative : Feng Yanli

Stamped: Tianjin Joway Textile Co., Ltd.

Tel: (022) 2253-1918

Fax: (022) 2253-3666


Order List

 

Date: January 25, 2009    Serial number: 20090101

 

Supplier: Tianjin Daxing Import & Export Trade Co., Ltd.        
 
Delivery
place:
  
  
    
 
 
No.2, Baowang Road, Baodi
Economic Development Zone,
Tianjin
  
  
  

No.

  

Product

  

Specification

   Unit    Quantity      Unit Price
(yuan)
     Amount
(yuan)
     Arrival Date      RMKS  
1    Hat       piece      120         44.00         5280.00         January 4, 2009      
2    Kneepad    L/XL/XXL    piece      420         65.00         27300.00         January 5, 2009      
3    Female Underwear    L/XL/XXL/XXXL    set      582         105.00         61110.00         January 4, 2009      
4    Shampoo       bottle      360         25.00         9000.00         January 4, 2009      
5    Shower Gel       bottle      360         25.00         9000.00         January 4, 2009      
6    Soap    120 gram/piece    piece      2400         13.00         31200.00         January 4, 2009      
                             
   Total in RMB:   

One hundred and forty-two thousand eight

hundred and ninety only

  

  

     142890.00         

 

Authorized Signature and Stamp     Authorized Signature and Stamp
For and on behalf of the Supplier     For and on behalf of the Buyer
/Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd.     /Stamp/ Tianjin Joway Textile Co., Ltd.
/s/ Zhang Wenxue     /s/ Feng Yanli


Order List

 

Date: April 25, 2009    Serial number: 20090401

 

Supplier: Tianjin Daxing Import & Export Trade Co., Ltd.        
 
Delivery
place:
  
  
    
 
 
No.2, Baowang Road, Baodi
Economic Development Zone,
Tianjin
  
  
  

No.

  

Product

  

Specification

   Unit      Quantity      Unit Price
(yuan)
     Amount
(yuan)
     Arrival Date      RMKS  
1    Female Underwear    L/XL/XXL/XXXL      set         500         124.00         62000.00         April 3, 2009      
2    Male Underwear    L/XL/XXL/XXXL      set         500         134.00         67000.00         April 3, 2009      
3    Kneepad    L/XL/XXL      piece         420         65.00         27300.00         April 1, 2009      
4    Cotton Cloth    1.95m/w      meter         6666.70         36.00         240001.20         April 1, 2009      
5    Soften Cotton    200 gram/cm2      kg         6125         19.32         118335.00         April 1, 2009      
6    Kneepad    L/XL/XXL      piece         105         65.00         6825.00         April 6, 2009      
                       
7                        
                             
   Total in RMB:    Five hundred and twenty-one thousand four hundred and sixty-one and cents twenty only          521461.20         

 

Authorized Signature and Stamp     Authorized Signature and Stamp
For and on behalf of the Supplier     For and on behalf of the Buyer
/Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd.     /Stamp/ Tianjin Joway Textile Co., Ltd.
/s/ Zhang Wenxue     /s/ Feng Yanli


Order List

 

Date: May 25, 2009    Serial number: 20090501

 

Supplier: Tianjin Daxing Import & Export Trade Co., Ltd.        
 
Delivery
place:
  
  
    
 
 
No.2, Baowang Road, Baodi
Economic Development Zone,
Tianjin
  
  
  

No.

  

Product

  

Specification

   Unit      Quantity      Unit Price
(yuan)
     Amount
(yuan)
     Arrival Date      RMKS  
1    Bra    All sizes      piece         232         105.00         24360.00         May 4, 2009      
2    Femal Underpants    L/XL/XXL/XXXL      piece         4763         34.00         161942.00         May 8, 2009      
3                        
4                        
5                        
6                        
7                        
                             
   Total in RMB:   

One hundred and eighty-six thousand three hundred

and two only

  

  

     186302.00         

 

Authorized Signature and Stamp     Authorized Signature and Stamp
For and on behalf of the Supplier     For and on behalf of the Buyer
/Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd.     /Stamp/ Tianjin Joway Textile Co., Ltd.
/s/ Zhang Wenxue     /s/ Feng Yanli


Order List

 

Date: June 25, 2009    Serial number: 20090601

 

Supplier: Tianjin Daxing Import & Export Trade Co., Ltd.        
 
Delivery
place:
  
  
    
 
 
No.2, Baowang Road, Baodi
Economic Development Zone,
Tianjin
  
  
  

No.

  

Product

  

Specification

   Unit    Quantity      Unit Price
(yuan)
     Amount
(yuan)
     Arrival Date      RMKS  
1    Bra    All sizes    piece      2000         96.00         192000.00         June 1, 2009      
2    Male Underpants    L/XL/XXL/XXXL    piece      2555         32.00         81760.00         June 5, 2009      
3    Pillowcase Cloth    1.95m/w    meter      4125         31.00         127875.00         June 1, 2009      
4    Soften Cotton    200 gram/cm2    kg      2777.80         19.9999         55555.60         June 1, 2009      
5    Shampoo       bottle      360         22.00         7920.00         June 4, 2009      
6    Soap    120 gram/piece    piece      3600         12.00         43200.00         June 4, 2009      
7                        
                             
   Total in RMB:   

Five hundred and eight thousand three hundred and ten

and cents sixty only

  

  

     508310.60         

 

Authorized Signature and Stamp     Authorized Signature and Stamp
For and on behalf of the Supplier     For and on behalf of the Buyer
/Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd.     /Stamp/ Tianjin Joway Textile Co., Ltd.
/s/ Zhang Wenxue     /s/ Feng Yanli


Order List

 

Date: July 25, 2009    Serial number: 20090701

 

Supplier: Tianjin Daxing Import & Export Trade Co., Ltd.        
 
Delivery
place:
  
  
    
 
 
No.2, Baowang Road, Baodi
Economic Development Zone,
Tianjin
  
  
  

No.

  

Product

  

Specification

   Unit    Quantity      Unit Price
(yuan)
     Amount
(yuan)
     Arrival Date      RMKS  
1    Tie       box      1349         41.50         55983.50         July 6, 2009      
2    Male Underpants    L/XL/XXL/XXXL    piece      2570         32.00         82240.00         July 8, 2009      
3    Decorative Cloth    1.95m/w    meter      4803.60         31.00         148911.60         July 1, 2009      
4    Knitting Fabrics       kg      1487.60         19.5000         29008.20         July 13, 2009      
5    Shirting Cloth       meter            28728.35         July 15, 2009      
6    Lace       meter            1407.12         July 13, 2009      
7    Male Socks       pair      10000         2.60         26000.00         July 6, 2009      
8    Female Socks       pair      3000         2.60         7800.00         July 6, 2009      
                             
   Total in RMB:    Three hundred and eighty thousand and
seventy-eight and cents seventy-seven only
         380078.77         

 

Authorized Signature and Stamp     Authorized Signature and Stamp
For and on behalf of the Supplier     For and on behalf of the Buyer
/Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd.     /Stamp/ Tianjin Joway Textile Co., Ltd.
/s/ Zhang Wenxue     /s/ Feng Yanli