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Confidential
1/6
PurchaseandSaleContract
ThiscontractisconcludedbythefollowingpartiesinNanshanDistrict,Shenzhenonthedateof.
PartyA(Buyer):
Registeredaddress:
Legalrepresentative:
PartyB(Seller):ShenzhenCodiMeichaoHouseholdCo.,Ltd
Registeredaddress:19thFloor,NanshanFinanceBuilding,NanshanDistrict,ShenzhenCity
Legalrepresentative:XueXiaoning
Accordingtothe"ContractLawofthePeople'sRepublicofChina"andrelevantlawsandregulations,PartyAandPartyBreachedthecontractonthepurchaseandsaleofaluminumfurniturethroughvoluntaryandequalnegotiation.
Article1Subjectmatterofcontract
1.1Thesubjectmatterofthecontract(hereinafterreferredtoas"goods"):thespecifications,quantities,materials,pricesandothercontentslistedinthe"PartyA’sNameFurnitureQuotationList"jointlyconfirmedbybothpartiesshallprevail(seeAnnex1fordetails).
Article2Delivery
2.1Deliverydeadline:PartyBshallissueawrittenshippingnoticewithin45calendardaysafterthefirstpaymentisreceived,andshipthegoodswithin3calendardaysafterthebalanceisreceived.IfthedeliveryscheduleisaffectedbyPartyA,thedeliverytimeshallbepostponedaccordingly.
2.2Deliverymethod:PartyBshalltransportthegoodsonbehalfofPartyA.PartyAshallbeartherelevanttransportationexpenses,transportationinsurancepremium(ifany)andotherexpenses,andbothpartiesshallsettlethefeesaccordingtothefacts.
2.3Transportmode:Byroad.
2.4Shippingaddressandcontactperson:
Ifthedeliveryaddressorcontactpersonchanges,PartyAshallnotifyPartyBinwriting3workingdaysinadvance.
2.5Packaging:PartyBshallprovidepackagingconformingtonationalstandards,industrystandardsorthecharacteristicsofthegoods.
2.6Documentrequirements:PartyB'swrittendeliverynoticeshallspecifythename,quantity,expecteddeliverytimeandotherinformationofthegoods,andensurethatitisconsisitentwithwiththeprovisionsofAnnex1"PartyA’sNameFurnitureQuotationList".
Article3Contractpriceandsettlement
3.1Contractprice
Thetotalamountofthecontractpriceis¥(inwords:RMB),whichissubjecttothe"PartyA’sNameFurnitureQuotationList"(Annex1)jointlyconfirmedbybothparties.
3.2Settlementofcontractprice
Payment
Paymenttime
Paymentamount
Remarks
Firstpayment
Within3calendardaysfromthedateofsigningthiscontract
50%ofthetotalcontractprice,i.e.,¥(inwords:RMBonly)
PartyBshallarrangeproductionafterreceivingthefirstpayment
Balance
Within3calendardaysafterPartyBissuesthewrittenshippingnotice
50%ofthetotalcontractprice,i.e.,¥(inwords:RMBonly)
PartyBshalldeliverthegoodswithin3calendardaysafterreceivingthebalance
3.3Collectionaccount
ThecollectionaccountinformationdesignatedbyPartyBisasfollows:
Accountname:ShenzhenCodiMeichaoHouseholdCo.,Ltd
Accountnumber:338190100100057770
Accountbank:IndustrialBankCo.,LtdShenzhenSoftwareParkSub-branch
TheaboveaccountistheonlyaccountdesignatedbyPartyB.Ifthebankaccountinformationischanged,PartyBshallsendawrittennoticetoPartyA.Thechangeofbankaccountwilltakeeffectfive(5)daysafterPartyAreceivesthechangenotice.Beforethechangenoticetakeseffect,PartyAshallcontinuetopaytothebankaccountbeforethechange.
3.4AfterPartyApays,PartyBshallprovideaspecialVATinvoicewiththecorrespondingamount.Theinvoiceshallconformtorelevantlegalrequirementsandlisttheprice,taxandaccuratetaxnumber(suchasVATnumber,etc.)indetail.
Article4Acceptanceofgoods
4.1PartyAshallcheckandacceptthegoodswithin7calendardaysafterthearrivalofthegoods.Ifanydefect,damageorpackage,specificationorquantityisfoundtobeinconsistentwiththeprovisionshereofduringtheacceptance,PartyBshallbenotifiedinwritingonthedayofacceptance.AfterconfirmationbyPartyB,PartyBshallberesponsibleformakingup,replacingandrepairingandbeartheexpensesincurredtherefrom.IfPartyAfailstocarryouttheacceptancewithintheaforesaidtimelimitorfailstoraiseanywrittenobjection,PartyAshallbedeemedtohavepassedtheacceptance.
Article5Qualitystandardrequirements
5.1ThegoodssoldbyPartyBtoPartyAmustconformtoAnnex1"PartyA’sNameFurnitureQuotationList"toensurethatthegoodsprovidedinthiscontractarebrand-new,conformtotherequirementsofrelevantnationalandindustrystandards,andconformtotherequirementsofex-factoryinspectionstandards.
5.2Thewarrantyperiodofthegoodscoveredbythiscontractis5yearsfromthedateofacceptanceofthegoods.However,PartyBshallnotbeliableforanyproductproblemscausedbyPartyA'simproperuse,storage,maintenanceorforcemajeureandotherreasonswhicharenotcausedbyPartyB,evenduringthewarrantyperiod.
Article6Ownershipandintellectualpropertyguarantee
6.1PartyBguaranteestohanvecompleteandeffectiveownershipofthegoods,whicharenotsubjecttolien,mortgageoranyotherrightburden.
6.2BothpartiesconfirmthattheownershipofthegoodsandtheriskofdamageorlossofthegoodswillbetransferredfromPartyBtoPartyAassoonasPartyBdeliversthegoodstothefirstcarrier.
6.3TheintellectualpropertyrightsinvolvedinthegoodsshallbeownedbyPartyB.
Article7Liabilityforbreachofcontract
7.1Afterthesigningofthiscontract,eitherpartyshallbeliableforbreachofcontract.Iftheliquidateddamagesarenotsufficienttomakeupforthelossesoftheobservantparty,thedefaultingpartyshallcompensateforalllossescausedtotheobservantparty(includingdirectlosses,lossofavailablebenefitsandexpensesforclaimingrights,etc.).
7.2IncaseoflatedeliveryduetoPartyA,PartyBshallbepaidliquidateddamagesatonethousandthoftheamountpaidbyPartyAforeachdayoverdue.ThepaymentofliquidateddamagesshallnotexemptPartyAfromotherresponsibilitiesstipulatedinthecontract.IfPartyAfailstopaythecorrespondingamountasagreedinthiscontract20daysafterthedeadline,itshallbedeemedasPartyA'srefusaltopay,andPartyBhastherighttounilaterallyterminatethecontractinadvancewithoutanyliabilityforbreachofcontract.Inthiscase,thepaymentthatPartyAhasalreadypaidtoPartyBwillnotberefunded,andPartyAshallpayPartyBapenaltyof5%ofthetotalamountofthecontract.
7.3IncaseoflatedeliveryduetoPartyB,PartyAshallbepaidliquidateddamagesatonethousandthoftheamountpaidbyPartyAforeachdayoverdue.ThepaymentofliquidateddamagesshallnotexemptPartyAfromotherresponsibilitiesstipulatedinthecontract.Ifthedeliveryisoverdueformorethan20daysduetoPartyB,itshallbedeemedthatPartyBrefusestodeliverthegoods,andPartyAhastherighttounilaterallyterminatethecontractinadvancewithoutanyliabilityforbreachofcontract.Inthiscase,PartyBshallreturnthepaymentforthegoodsthatPartyAhaspaid,andshallpayPartyBapenaltyfeeof5%ofthetotalamountofthecontract.
Article8Forcemajeure
8.1Ifeitherpartyisunabletoperformthecontractduetoforcemajeure,thepartyshallpromptlynotifytheotherparty,explainthereasonforforcemajeure,andshallprovideappropriateproofoftheoccurrenceanddurationoftheforcemajeureeventwithin15daysthereafter,andbeexemptedfromliabilityinpartorinwholeaccordingtotheimpactoftheforcemajeure.Ifonepartybreachesthecontractfirstandforcemajeureoccursafterthedelayinperformance,thepartyshallnotbeexemptedfromtheliabilityforbreachofcontract.Iftheforcemajeurelastsformorethan60days,eitherpartyhastherighttodemandtheterminationofthecontract.
Article9Disputeresolution
9.1Alldisputesarisingfromthevalidity,performanceandinterpretation,etc.ofthiscontractshallbesettledamicablybybothpartiesfirst.Incaseofanydisputeovertheunderstandingoftherelevanttermsofthecontract,thetruemeaningofthetermsshallbedeterminedaccordingtothepurposeofthisagreement,tradinghabitsandtheprincipleofgoodfaithhereof.
9.2Anypartyshallhavetherighttofilealawsuitaboutanydisputeunderthiscontracttothepeople'scourtwithjurisdictionintheplacewherePartyBisdomiciled.
Article10Termsandtermination
10.1Terms
Thiscontractshallbeterminatedfromtheeffectivedatetothedatewhenbothpartiescompletetheperformanceofthemattersagreedinthiscontract.
10.2Termination
Incaseofanyofthefollowingcircumstances,eitherpartyhastherighttonotifytheotherpartyinwritingtoterminatethecontract:
10.2.1Ifonepartyviolatesorfailstoperformitsobligationsinaccordancewiththetermsofthiscontract,andfailstoperformorfailstofullyperformfor20days,theotherpartyshallhavetherighttoterminatethiscontractwithoutbeingliableforbreachofcontract.
10.2.2Ifanypartyfilesanapplicationforbankruptcyorisfiledforbankruptcyorcontrolbyathirdparty,orismerged,suspendspayment,distributespropertytocreditors,confirmedinwritingthatitisunabletorepayduedebts,entersthetakeoverprocess,orentersorisaddedtoanylegaloradministrativeprocedureconcerningtheprotectionoftheinterestsofcreditors,theotherpartymayimmediatelyproposeterminationofthiscontract.
10.2.3Theearlyterminationofthecontractagreedinthiscontractoccurs.
Article11Miscellaneous
11.1Thechangeofthiscontractshallbemadeinwritingandshallcomeintoeffectonlyafterthelegalrepresentativesorauthorizedrepresentativesofbothpartiessignandaffixtheirofficialseals.
11.2Bothpar
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