Agreement for Sale of Corn between Wenshang County Xingu Grain Reserve Co., Ltd. and Shandong Xiangrui Pharmacy Co., Ltd.
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Summary
Wenshang County Xingu Grain Reserve Co., Ltd. agrees to sell 2,800 tons of corn to Shandong Xiangrui Pharmacy Co., Ltd. for a total price of RMB 5,600,000. Shandong Xiangrui Pharmacy will pay a down payment of RMB 100,000 upon signing and the remaining balance before delivery. The contract includes standard terms on validity, modification, termination, dispute resolution, and breach, but does not specify a delivery date.
EX-10.16 18 c17382exv10w16.htm EXHIBIT 10.16 Exhibit 10.16
Exhibit 10.16
10.16 Agreement for Sale of Corn between Wenshang County Xingu Grain
Reserve Co., Ltd. and Shandong Xiangrui Pharmacy Co., Ltd.
Reserve Co., Ltd. and Shandong Xiangrui Pharmacy Co., Ltd.
Party A: Wenshang County Xingu Grain Reserve Co., Ltd.
Party B: Shandong Xiangrui Pharmacy Co., Ltd.
| • | General Information |
| • | Pursuant to the contract entered on June 30, 2010, Party B will buy corn of 2800 tons from Party A. |
| • | Fees of the Commodity and Payment Arrangement |
| • | The total fees will be RMB 5,600,000. | ||
| • | Party B shall pay down payment of RMB 100,000 upon signing of contract and pay the rest before the goods are delivered. |
| • | Delivery Date |
| • | nil |
| • | Headlines of the articles omitted |
| • | Validity, Modification and Termination of Contract | ||
| • | Dispute Settlement | ||
| • | Breach of the Agreement | ||
| • | Miscellaneous |
