10.22 Agreement for Sale of Corn between Baolingbao Bios Co., Ltd. and Shandong Xiangrui Pharmacy Co., Ltd.
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 |
