Attached files
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. |
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| 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. |
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| 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. |
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| 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 |
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| Dispute Settlement |
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| Miscellaneous |