10.23 Agreement for Sale of Corn between Shandong Taishan Beer Co., Ltd. and Shandong Xiangrui Pharmacy Co., Ltd.
EX-10.23 25 c17382exv10w23.htm EXHIBIT 10.23 Exhibit 10.23
Exhibit 10.23
10.23 Agreement for Sale of Corn between Shandong Taishan Beer Co., Ltd. and
Shandong Xiangrui Pharmacy Co., Ltd.
Shandong Xiangrui Pharmacy Co., Ltd.
Party A: Shandong Taishan Beer Co., Ltd.
Party B: Shandong Xiangrui Pharmacy Co., Ltd.
| • | General Information |
| • | Pursuant to the contract entered on August 23, 2010, Party A will buy corn starch of 320 tons from Party B. |
| • | Fees of the Commodity and Payment Arrangement |
| • | The total fees will be RMB 931,200. | ||
| • | Party A shall pay after the goods are delivered. |
| • | Delivery Date |
| • | Not later than June 5, 2010 |
| • | Breach of Agreement |
| • | If Party B fails to deliver the goods pursuant to the agreement, Party A shall be entitled to rescind the agreement and Party B shall pay 20% of value of the goods as liquidated damages. If Party B fails to deliver the goods on schedule but gets the permission from Party A, Party B shall pay 3% of the value of the non-delivered goods as liquidated damages per day. | ||
| • | Party B shall indemnify Party A in addition to the abovementioned indemnification if Party B fails to deliver the goods pursuant to the quality requirement. | ||
| • | If the goods fail to meet the inspection requirement, Party A shall inform Party B in writing to retrieve the goods within 3 days after the written notice. If Party B fails to retrieve the goods on schedule, Party B shall pay 10% of the value of the unqualified goods per month. Party A shall be entitled to dispose the unqualified goods if Party B fails to retrieve the said goods within 3 months. |
| • | Headlines of the articles omitted |
| • | Validity, Modification and Termination of Contract | ||
| • | Dispute Settlement | ||
| • | Miscellaneous |
