Amendment to Purchase Agreement between Shandong Spring Pharmaceutical Industrial Company Limited and Shandong YCT Group Limited Liability Company (June 25, 2015)

Contract Categories: Business Finance › Purchase Agreements
Summary

Shandong Spring Pharmaceutical Industrial Company Limited and Shandong YCT Group Limited Liability Company have agreed to amend their existing purchase and sale contract. Effective July 1, 2015, Shandong YCT will stop distributing 10 previous health supplement products and instead distribute 4 new product combinations, with specified models, sizes, and prices. The payment and settlement terms remain unchanged. Shandong YCT is also required to actively promote the new products. This amendment is legally binding and supplements the original agreement signed in February 2015.

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EX-10.15 2 exhibit1015.htm AMENDMENT TO RENEWABLE OF THE PURCHASE AND SALE CONTRACT WITH SHANDONG YCT DATED AS OF JUNE 25, 2015
Exhibit 10.15
 
Amendment to Purchase Agreement

Party A: Shandong Spring Pharmaceutical Industrial Company Limited
Party B: Shandong YCT Group Limited Liability Company

After a discussion, Party A and Party B agreed on restructuring the types of health supplements that Party B has been distributing. Party B will now distribute 4 product combinations rather than 10 products. This restructure is to promote the brand image, to motivate the market, and to substantially upgrade the products.
 
1.
On June 30, 2014, 24:00 Party B should terminate the supply and distribution of the 10 products.
 
2.
The model, size, and the pricing of the new product combinations are listed below:
 
Code
Name of the product combination
Size
Unite
Price (tax included)
Details
Size
Unit
Quantity
HD001
Ginkgo Tea Gift Set
1*2.5g*180 pack
Set
680.00/set
        
HD002
Supplements Gift Set
1*3
Set
700.00/set
Ganoderma Hong Jing Tian Capsules
0.3g*100 pills
Bottle
1
Kang Le Capsules
0.25g*100 pills
Bottle
1
Xin Wei Gai Tablets
0.8g*120 tablets
Bottle
1
HD003
Functional Diet Gift Set
1*4
Set
655.00/set
Gouqi Tablet
0.69*200 tablets
 
Bottle
1
Aloe Xuelian
0.59g*200 tablets
Bottle
1
Spirulina
0.59*200 tablets
Bottle
1
Protein
0.25g*200 tablets
Bottle
1
HD005
Skin Care Set
1*5
Set
704.00/Set
Eye Cream
1*25g
Tube
1
Night Cream
1*50g
Bottle
1
Cream
1*55g
Bottle
1
Toner
1*120ml
Bottle
1
Plant Essence
1*55g
Bottle
1
 
3.
On July 1, 00:00 Party B should start the supply and the distribution of the new product combinations.
 
4.
The previous methods of settlement and payment remain unchanged.
 
5.
Party B should proactively give instructions on and promote the new products combinations to consumers and distributors.

This agreement has the same legal effect as Supplements Purchase Agreements (Contract code: CT2015016), signed on February 26, 2015. This agreement has two copies, one for each party, effective once signed or stamped.

Party A: Party A: Shandong Spring Pharmaceutical Industrial Company Limited
Party A Representative:

Party B: Shandong YCT Group Limited Liability Company
Party B Representative:


Signed on: June 25, 2015