Model of compensation agreement

Party A: Representative: ID number: Telephone:

Party B: Representative: ID number: Telephone:

On the morning of February 25, 2019, Party B shipped goods to Party A. Inadvertently overturned the car on the way to Chongqing Expressway from Chongqing, and damaged the goods of Party A, causing the loss of RMB to Party A. Now both parties are in accordance with their respective degrees of negligence. After full consultation, the following agreements are voluntarily reached:

1. Party B voluntarily compensates Party A for the loss of goods.

2. Party B shall deduct the loss of Party A's goods by means of the goods delivered to Party A. Party A will deduct 40% of the cost of each transportation until the end of the deduction; if it is not deducted by the end of May, Party B will use cash. The method pays the remaining expenses to Party A.

3. After Party B fulfills its compensation obligations, Party A guarantees that no compensation fees will be submitted to Party B in any form or for any reason.

4. This Agreement is the result of equal voluntary consultations between the parties and is the true meaning of the parties and is fair and reasonable.

V. Contents of this Agreement Both Party A and Party B have read and understood in full. Party A and Party B understand the consequences of violation of this Agreement, and Party A and Party B are fully satisfied with the results of this agreement.

6. This Agreement shall be in duplicate and each party shall hold one copy. After signing by both parties or by handprint, the representatives of both parties shall use this as evidence to fully and effectively implement this Agreement and shall not be entangled for any reason.

Signature of Party A’s representative:

Signature of Party B's representative:

Date: Year Month Day