Exhibit
10.3
Processing Consignment Contract
Consignor:
Yikoule Catering Distribution and Delivery Co., Ltd. (hereinafter
shortened as Party A)
Consignee:
Fujian Zhangzhou YiBiYi Food Co., Ltd. (hereinafter shortened as
Party B)
Whereas, Party A consigns Party B for the
processing of preserved fruits products, this Contract on
consigned processing is hereby signed by and between the Parties
upon agreement reached through negotiation in a view to
safeguarding the mutual benefits of both Parties, with terms and
conditions as follows.
Article 1
Content of processing consigned
Party A consigns Party B for the processing of
series of products, whereas Party A shall set forth and notify
Party B of the quantity, model (or development information),
standard, and quality of products to be processed, and both Parties
shall discuss on prices and specify such on P/Os
additionally.
Article 2
Obligations of Party A
1. consign
Party B for processing of products demanded quarterly according to
production schedule;
2. provide
Party B with all legal documents related to Party A’s
production consignment formalities, trademark registrar, power of
attorney, and legal evidences for the legal ownership of commercial
secrets;
3. provide
Party B with information concerning the model, quantity, technical
specifications & requirements and dates of delivery, of the
products to be processed;
4. be entitled
to carry out inspections and supervisions over the production
standards and product quality, and give appropriate comments and
suggestions accordingly, and receive and accept goods as per the
confirmed samples;
5. receive and
accept goods as per confirm on the samples and standards agreed
upon by both Parties; and
6. Both Parties
shall keep all commercial secrets in strict
confidential.
- All
trademarks, pictures, drawings and diagrams on the aforementioned
products to be processed shall remain the property of Party A, on
which Party B may not produce or provide to any other
party;
- Party A may
not provide to
