Agreement No.__________
Agency Agreement
Shaanxi Baishui Dukang Brand Management Co., Ltd.
AGENCY AGREEMENT
Party A: Shaanxi Baishui Dukang Brand Management Co., Ltd.
Party B: Ms. Dong, Sue ID card No.: 612101196306260468
In view of that Party B agrees to renewal the nationwide franchise buyout of the products of Party A — “Baishui Dukang · Twenty-year Age Liquor” which has already circulated in the market, Party A and B have reached an agreement through friendly consultation to conclude the following contract:
1. | Party B buy out the nationwide franchise of the products of Party A — “Baishui Dukang · Twenty-year Age Liquor” which has already circulated in the market. |
2. | The term of the buyout is from Oct. 15, 2009 to April 14, 2010. When the agreement terminates and Party B is willing to renewal it, Party B owns the rights to first renew the agreement. |
3. | The fee for the buyout is for RMB 600,000 (RMB six hundred thousand yuan), 50% of the fee shall be paid before Nov. 30, the remaining 50% of it shall be paid before March 31, otherwise there shall be an overdue fine for 5‰ per day. |
4. | During the period of the buyout, Party A shall guarantee the requirements of Party B for products and ensure that the product quality should meet the national quality standards. |
5. | During the period of the buyout, Party B shall in charge of the product sales network of Party A, and Party A can not sell any of the buyout products. |
6. | Party B assures of completing the sales target for RMB 5,000,000 during the period of the buyout, or each 10 percent decrease on the uncompleted sales target will result in 5 percent increase on the buyout fee. |
7. | The Agreement is in duplicate with the equal legal effect and each party holds one copy. |
Party A: | Party B: |
Shaanxi Baishui Dukang Brand Management Co., Ltd. | Ms. Dong, Sue |
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Date: Oct. 8, 2009 | Date: Oct. 9, 2009 |