Sales Agreement
The Contract’s No. 2008 ST 0005
Supply Party (Party A):
Name of Party A: JiangXi SheTai Jade Industrial Company Limited. (JST)
Address: GuoXiDaDao #39, YuJiang County, JiangXi Province, PRC
Bank: YuDiao Branch, YuJiang Sub-Branch, Bank of China
Account No.: 742858545978091001
Zip Code: 335200
Phone: 86-701-5881082
Fax: 86-701-5881156
Purchasing Party (Party B):
Name of Party B: PuTian City LiCheng District, QiYuShengShiBao Jade Company
Limited.
Address: PuTian City, FuJian Province, PRC
Bank: PuTian Branch, Industrial Bank
Account No.: 145010100100113506
Zip Code:
Phone: 86-15849852008
Fax:
Parties A and B, based on the negotiation, consideration of the mutual covenants
and agreements contained herein, and other valuable considerations, have reached
an agreement as stated below:
Item 1. Contents of goods
1. Raw jade material (name) 1000KG, 2000KG (type) 1200tons (quantity)
25,000RMB/ton(price)
2. Raw jade material (name) 1000KG, 500KG (type) 1800tons (quantity)
23,000 RMB/ton(price)
3. Raw jade material (name) 50KG, 500KG (type) 1500tons (quantity)
21,000 RMB/ton(price)
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Total amount: 102,900,000 RMB
Item 2. Packing and Delivery
Packing needs to comply with the requirement of Delivery. Party B is
responsible to deliver the raw jade materials ordered and to pay for the
freight.
Item 3. Delivery Location
The valid period of this agreement is one year, and two Parties must
execute the prices mentioned above. Actual detail of every transaction should
base on the Fax File.
Item 4. Payment method/Terms and Goods delivery
For every transaction, before delivery, Party B needs to pay 30% of total
contracted value as deposit to Party A. After the receipt of deposit, Party A
needs to deliver the ordered raw jade materials to Party B immediately. After
the delivery, Party B needs to pay off the balance within 10 days immediately.
If Party B fails to pay, Party A has the right to pull back the delivery and
keep the deposit.
Item 5. Quality
If the quality of ordered raw jade materials meets the requirement of
Party B, and under the circumstance that there is no legislative intervention or
other agreement between these two parties involved, the ordered raw jade
materials are not refundable and returnable. Otherwise, it is will be treated as
default.
Item 6. Default
1. Both Party A and Party B should abide by this agreement, otherwise, the
defaulting Party or Parties shall compensate the other party or parties
all direct or indirect economic loss caused by the default.
2. If Party A fails to deliver the raw jade materials to Party B on time,
Party A shall pay to Party B an amount equal to 0.3% of payment for
undelivered raw jade material daily which was not supplied to Party B in
accordance with this Agreement. The total penalty can not be beyond the
30% of total payment.
3. If Party B fails to pay to Party A on time, Party B shall pay to Party A
0.3% of total payment daily.
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Item 7. Resolution for Dispute
For all disputes resulting from this agreement’s effect, execute,
explaination, two Parties should resolve them under good negotiation. When
negotiation dose not work, they can appeal to People’s court belongs to the
Party A’s location under “PRC Contract Law”
Item 8. Change and Relive
Two Parties should obey this agreement strictly, and they can not change
and relive this agreement (except for the signed written file under two parties’
negotiation)
Item 9. Additional items not mentioned in this agreement
Two Parties need to sign the written file under the good negotiation for
these additional items not mentioned in this agreement, which has the same legal
effect with this agreement.
Item 10. Exempts the responsibility
If any of two parties fails to execute the complete responsibility or
parts of responsibility from this agreement due to objective reason, defaulting
party should inform other party it with objective reason. When c gets permission
from the written proof by the related apartment to delay to execute or partly
execute responsibility, the responsibility can exempt the part penalty or
complete penalty (except failing to pay on time)
Item 11. Effect and others
This Agreement becomes effective immediately after all parties hereto have
signed the Agreement. There are two copies with same legal effect for Party A
and Party B (fax files and emails related this agreement are the effective parts
of this agreement.)
Party A: JiangXi SheTai Jade Industrial Company Limited.
Representative:
Party B: PuTian City LiCheng District, QiYuShengShiBao Jade Company
Limited.
Representative:
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