Agreement for Sale of Corn Starch between Baolingbao Bios Co., Ltd. and Shandong Xiangrui Pharmacy Co., Ltd.
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Summary
Baolingbao Bios Co., Ltd. agrees to purchase 800 tons of corn starch from Shandong Xiangrui Pharmacy Co., Ltd. for RMB 2,304,000, with payment due before delivery. The corn starch must be delivered by June 5, 2010. If Shandong Xiangrui fails to deliver on time or provides unqualified goods, they must pay penalties and may be required to replace the goods. The contract also outlines procedures for handling breaches, modifications, and dispute resolution.
EX-10.22 24 c17382exv10w22.htm EXHIBIT 10.22 Exhibit 10.22
Exhibit 10.22
10.22 Agreement for Sale of Corn between Baolingbao Bios Co., Ltd. and
Shandong Xiangrui Pharmacy Co., Ltd.
Shandong Xiangrui Pharmacy Co., Ltd.
Party A: Baolingbao Bios Co., Ltd.
Party B: Shandong Xiangrui Pharmacy Co., Ltd.
| • | General Information |
| • | Pursuant to the contract entered on May 19, 2010, Party A will buy corn starch of 800 tons from Party B. |
| • | Fees of the Commodity and Payment Arrangement |
| • | The total fees will be RMB 2,304,000. | ||
| • | Party A shall pay before the goods are delivered. |
| • | Delivery Date |
| • | Not later than June 5, 2010 |
| • | Breach of Agreement |
| • | If Party B fails to deliver on schedule, Party B shall pay 15% of value of the non-delivered goods as liquidated damages. | ||
| • | Party B shall replace the goods within 7 days upon the delivery discrepancy. If Party B fails to replace within 7 days or delivers unqualified goods after the replacement, Party B shall pay 30% of the value of unqualified goods. | ||
| • | If the goods fail to meet the requirements, Party B shall pay 30% of the total value of the goods and indemnify the damages of Party A. |
| • | Headlines of the articles omitted |
| • | Validity, Modification and Termination of Contract | ||
| • | Dispute Settlement | ||
| • | Miscellaneous |
