Attached files
| file | filename |
|---|---|
| 8-K - ZIYANG CERAMICS CORPORATION FORM 8-K - Ziyang Ceramics Corp | zyci8-k.htm |
| EX-99.1 - PRESS RELEASE DATED JUNE 25, 2012. - Ziyang Ceramics Corp | exh99-1.htm |
EXHIBIT 10.40
OEM and Distribution Agreement
Party A: Zhucheng Ziyang Ceramics Co., Ltd.
Party B: Laiyang Haina Ceramics Co., Ltd.
WHEREAS, Party B to take its own brand to Party A for the processing collaboration. Both Parties agree to enter the following agreement:
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1.
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Party B shall reach the monthly revenue minimum requirement of RMB 1 million (approximately $158,000) or above, if Party B fails to reach this requirement in two consecutive months, the OEM agreement shall be terminated.
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2.
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After both parties sign off the agreement, Party A shall prepare enough inventories for Party B.
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3.
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Party B shall provide the sample of the packaging box, the information about design and color, as well as shipping arrangements.
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4.
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Party B shall pay Party A RMB 0.1 million (approximately $15,800) as the deposit. Party B shall make full payment of the products before delivery, and the storehouse will be cleared at the end of each month.
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5.
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Party B shall provide the business registration, trademark registration, organization code, authorization letter and other related business certifications. If Party B is investigated by the related organization due to this issue, Party B shall solely take the full responsibility.
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6.
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Both Parties shall go through a consultation if there is any quality issue to the products.
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7.
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Once the business between both Parties is terminated, Party A shall refund the deposit to Party B
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Party A: Zhucheng Ziyang Ceramics Co. Ltd.
Signed by: /s/ Sun, Haiming
Party B: Laiyang Haina Ceramics Co., Ltd.
Signed by: /s/ Liu, Xiaobi
Date: 04/01/2012