f8k062712ex10xi_wonhehigh.htm


Exhibit 10.11


 



Purchases and Sales Contract







Party A: Beurer Electronoc (Shenzhen) Co., Ltd.


Tel: 0755-82565258


Fax: 0755-82565258


Contacts: Mrs. Dai


Addr: West suit 1701,Xincheng Building, Shennan Mid Road 1027,Futian District, Shenzhen







Party B: Shenzhen Wonhe Technology Co., Ltd.


Tel: 0755-82870015


Fax: 0755-82879861


Contacts: Mrs. Cao


Addr: Rm1001, 10thFL, Resource Hi-Tech Building South Tower, North High-Tech Zone, Nanshan District, Shenzhen







Party A hereto purchases the following products according to the contract terms through friendly negotiations by both parties: Date: 3/22/2012


 



	
S/N

	
Item

	
Type

	
Quantity

	
Unit

	
Unit Price

	
Currency

	
Amount


	
1

	
HMC660

	
HMC660

	
1000

	
PCS

	
3040

	
RMB

	
3040000.00


	
Total: SAY RMB THREE MILLION AND FORTY THOUSAND ONLY

	
RMB

	
243,200.00







 




	
I.  

	
Delivery Time: 3/27/2012


	
II.  

	
Delivery Place: Rm1001, 10thFL, Resource Hi-Tech Building South Tower, No. 1 Songpingshan Road, North Central Avenue, North High-Tech Zone, Nanshan District, Shenzhen


	
III.  

	
Delivery Terms: Fully paid prior to June 30, 2012


	
IV.  

	
Freight: Borne by Party B


	
V.  

	
Quality Requirements: Complying with the national standards


	
VI.  

	
Delivery Confirmation: Party B shall confirm the delivery date and the quantity within two days after receiving Party A’s order and return it to Party B.


	
VII.  

	
Deferred Compensation: Party B must be sure that delivery will be made in comply with the specify time and quantity, or Party B shall compensate Party A an amount for each day at one percent of total amounts of the deferred parts.


	
VIII.  

	
Warranty Period: Within 36 months from the date of receiving, if there are problems with the quality of the products, Party B shall provide a free replacement for the same quantity or repair them.


	
IX.  

	
After-Sales Services: In case of artificial damage or more than warranty period, Party B shall be responsible for unconditional maintenance and only charge the maintenance cost of raw materials.


	
X.  

	
Change and Cancellation of the Contract: If Party A changes the design scheme, the product specification or technical parameters, Party A shall notify Party B to do the corresponding adjustment; if Party A wants to cancel orders of the whole or partial materials, Party A shall also notify Party B and Party B will cancel partial or the whole materials after receiving notification.





 




  





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XI.  

	
Liability for Breach of Contract: Party B shall ensure the quality, the time and the quantity of delivery, otherwise Party B would be deemed to break the contract; Party A shall have the right to terminate the contract; losses thus caused shall be borne by Party B. All disputes should be settled through negotiations during the process of performing the contract provision, in case no settlement can be reached, it should be settled according to the Contract Law of Public Relations of China and relevant laws.


	
XII.  

	
Confidentiality Agreements: Party B is responsible for keeping the drawings provided by Party A confidential, or Party B shall bear the corresponding legal responsibility thus occurred.


	
XIII.  

	
This contract shall be in duplicate and each party shall hold one copy. The contract is valid dating from the day of signing by both parties (a faxed copy is effective).









 


Party A: Xuzhou Guowang Network Technology Co., Ltd.


Representatives: Shengkang Le


Date: 3/22/2012


 


Party B: Shenzhen Wonhe Technology Co., Ltd.


Representatives: Tong Nanfang


Date: 3/22/2012


 


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