Sales Contract of Industrial and Mineral Products, dated January 23, 2009, by and between Henan Galaxy Tyre Co., Ltd. and Taiyuan Hongxhing Carbon Black Co., Ltd

EX-10.3 7 ex10-3.htm ex10-3.htm
Exhibit 10.3
 
Sales contract of Industrial and Mineral Products
      
                      Contract No.______
Supplier: Taiyuan Hongxing Carbon Black Co., Ltd
 
Buyer:    Henan Galaxy Tyre Co., Ltd
 
Place of signing contract: Qingxu:Taiyuan
 
Date of signing contract: January 23, 2009
 
1. Product name, trade mark, model, quantity, amount of money, delivery time and quantity
 
Product Name
Model
Unit
Quantity Required/Monthly
Price
(RMB per ton)
Amount(RMB)
Remarks
Carbon Black
N220
Ton
100
5000
 
1. The price in this agreement is current market price
2. The quantity is decided by the number actually occurred.
Carbon Black
N330
Ton
100
4700
 
 
Carbon Black
N660
Ton
100
4700
   
Total
 
 
2. Quality requirements, technical standards, the conditions and duration of which supplier is responsible for: National standard or by buyer’s standard
 
3. The place of delivery and method: buyer’s warehouse, Specific quantity and delivery time are subject to telephone or fax-based communication
 
4. Means of transport, expense for transport and related items: The buyer bear the burden
 
5. Reasonable wear and tear and method of calculation    None
 
6. Packaging standards supply and recycle of packaging materials   None
 
7. Acceptance criteria, methods, and period to hold discussion on goods delivered: Within 7 days after the delivery
 
8. Random spare, number and supply method of accessories    None
 
9. Payment method and period: Within 30 days after the delivery and the invoice being recognized.
 
10. If guaranty is needed, the guaranty agreement is also needed as appendix    None
 
11. Liability for breach of contract: It shall be settled according to the contract law of PRC
 
12. The mechanism of dispute settlement:  It shall be settled through negotiation.
 
13. Other agreed matters:
 
  a. Quality Assurance Documents
  b. The price is subject to the market condition, and the quantity is determined by the actual number occurred. It shall inform the buyer at 7 day’s advance if there is a change in above items.
 
Supplier:
Company Name (Seal):
Company Address:
Legal Representative:
Entrusted  agent :
Telephone:
Opening  bank:
Bank Account:
Zip Code:
Buyer:
Company Name:
Company Address:
Legal Representative:
Entrusted  agent:
Telephone:
Opening  bank:
Bank Account:
Zip Code:
 Valid period: From January 1, 2009 to December 31, 2009