(English Translation)
EX-10.11 21 v074779_ex10-12.htm
(English Translation)
Exhibit 10.11
Material Purchase Contract of Zhongzheng Building
Party A: (Buyer) Beijing PKU Chinafront Technology CO., LTD.
Party B: (Seller) Huapeng (Group) Co., Ltd.
Upon amicable consultation, Party A and Party B enter into the following Contract with regard to the construction project of Zhongzheng Building based on the principle of good faith cooperation.
| 1. | The Parties agree that Party B shall provide Party A with the following products (See the Schedule of the Contract for details.). |
| 2. | Quality Standard: Produced according to the industry standard JB/T10216-2000 and the requirements in the bid document. |
| 3. | Requirements: Plastic jetting color will be silver gray. |
4. Date, Place and Method of Delivery
Delivery date
Delivery date of the first installment of the goods: Party B shall provide Party A with the first installment of goods before January 5, 2005 (included). See Annex 1 of the Contract for concrete names, specifications and quantity of the goods.
Delivery date of the second installment of the goods: Party B shall provide Party A with the second installment of goods before January 10, 2005 (included). See Annex 1 of the Contract for concrete names, specifications and quantity of the goods.
Delivery date of the third installment of the goods: Party B shall provide Party A with the third installment of goods before January 15, 2005 (included). See Annex 2 of the Contract for concrete names, specifications and quantity of the goods.
Delivery method: Party B shall deliver the goods in installments according to the progress of the project as required by Party A after the execution of the Contract.
Place of delivery: Building site of Zhongzheng Building
Price: RMB 996, 980.00
Method of Payment
Method of payment of the contract price: The contract price will be calculated in RMB.
After the execution of the Contract, Party A shall pay Party B 20% of the total price of the Contract RMB 199,369.00 as the advance payment of equipments before January 4, 2005 (included); pay 60% of the total price of the Contract RMB 598,188.00 within seven working days after the arrival of all the equipments at the site and passing of the acceptance check jointly conducted by Party A and the project supervision party; pay 15% of the total price of the Contract RMB 149,547.00 within seven working days after completing the installation of bridge supports and passing the acceptance check of the separate project; and pay the remaining 5% of the total price RMB 49,849.00 upon expiration of Party B’s free guarantee period of twelve months.
Liability for Breach of Contract
If Party B fails to deliver the goods on time within the delivery term as required by the Contract, it shall pay Party A the liquidated damages at 5‰ of the total price of the equipments that shall be delivered for each delayed day. Amount of the liquidated damages shall not exceed 5% of the total invoice price of the delayed goods.
If Party A fails to make the payment within the time limit as required by the Contract, it shall pay Party A the liquidated damages at 5‰ of the amount payable at that time for each delayed day up to 5% of the total amount payable at that time.
Guarantee Period
Party B’s free guarantee period is twelve months after the delivery of the entire equipments.
Dispute Settlement
Any dispute arising during the performance the Contract shall be settled through consultation between the Parties based on the attitude of amicable cooperation. If the dispute may not be settled through consultation, either Party may bring an action before People’s Court of Haidian District.
Execution
This Contract (including its annexes) is made in four originals with equal legal effect, and each Party holds two. This Contract will take effect after sign and stamped by the Parties and remain valid within two years from the date of conclusion.
The annexes of the Contract have equal legal effect with the Contract.
Annexes
1. Schedule of the Contract
2. Annex 1 of the Contract
3. Annex 2 of the Contract
4. Annex 3 of the Contract
Miscellaneous
Matters not covered herein shall be settled by the Parties through consultation.
Party A: Beijing PKU Chinafront Technology CO., LTD.
Representative of Party A: Zhang Zongping
Seal of Party A:
Date: December 28, 2004
Address: Room 717, Block B, Yinwang Center, 113 Zhichun Road, Haidian District, Beijing City
Telephone: 82671299
Fax: 62637657
Party B: Huapeng (Group) Co., Ltd.
Representative of Party B:
Seal of Party B:
Date: December 28, 2004
Address:
Telephone: 13901123218
Fax: 0511 ###-###-####
Schedule of the Contract
| Name of the Project: Zhongzheng Building | Unit: Yuan |
| Sequence Number | Name | Specification | Unit | Quantity | Unit Price | Amount | Remarks | |||||||||||||||
| 1 | Plastic Jetting Bridge Support | 300*200 | M | 2700 | 138 | 372600 | ||||||||||||||||
| 2 | Plastic Jetting Bridge Support | (200+100)*100 | M | 2800 | 103 | 288400 | With clapboard | |||||||||||||||
| 3 | Plastic Jetting Bridge Support | (250+50)*100 | M | 1200 | 103 | 123600 | ||||||||||||||||
| 4 | Plastic Jetting Bridge Support | 200*100 | M | 600 | 69 | 41400 | ||||||||||||||||
| 5 | Plastic Jetting Bridge Support | (400+200)*200 | M | 50 | 270 | 13500 | With clapboard | |||||||||||||||
| 6 | Plastic Jetting Bridge Support | (300+100)*100 | M | 80 | 146 | 11680 | With clapboard | |||||||||||||||
| 7 | Plastic Jetting Bridge Support | 300*100 | M | 400 | 90 | 36000 | ||||||||||||||||
| 8 | Plastic Jetting Bridge Support | 1000*200 | M | 50 | 470 | 23500 | ||||||||||||||||
| 9 | Plastic Jetting Bridge Support | 600*200 | M | 80 | 222 | 17760 | ||||||||||||||||
| 10 | Plastic Jetting Bridge Support | (300+300)*200 | M | 5 | 270 | 1350 | With clapboard | |||||||||||||||
| 11 | Plastic Jetting Bridge Support | 50*50 | M | 30 | 22 | 660 | ||||||||||||||||
| 12 | Plastic Jetting Bridge Support | 200*200 | M | 6 | 116 | 696 | ||||||||||||||||
| 13 | Horizontal T-junctions of equal diameters | 300*200 | Section | 63 | 228 | 14364 | ||||||||||||||||
| 14 | Horizontal T-junctions of equal diameters | 300*100 | Section | 152 | 125 | 19000 | ||||||||||||||||
| 15 | Horizontal bend of equal diameters | 300*200 | Section | 80 | 221 | 17680 | ||||||||||||||||
| 16 | Horizontal bend of equal diameters | 300*100 | Section | 170 | 87 | 14790 | ||||||||||||||||
| 17 | ||||||||||||||||||||||
| 18 | ||||||||||||||||||||||
| 19 | Total | 996,980 | ||||||||||||||||||||
Huapeng (Group) Co., Ltd.
December 28, 2004
Annex 1 of the Contract
| Name of the Project: Zhongzheng Building | Unit: Yuan |
| Sequence Number | Name | Specification | Unit | Quantity | |||||||||
| 1 | Plastic Jetting Bridge Support | 300*200 | M | 1000 | |||||||||
| 2 | Plastic Jetting Bridge Support | (200+100)*100 | M | 1000 | |||||||||
| 3 | Plastic Jetting Bridge Support | (250+50)*100 | M | 400 | |||||||||
| 4 | Plastic Jetting Bridge Support | 200*100 | M | 200 | |||||||||
| 5 | Plastic Jetting Bridge Support | 300*100 | M | 125 | |||||||||
| 6 | Horizontal T-junctions of equal diameters | 300*200 | Section | 50 | |||||||||
| 7 | Horizontal T-junctions of equal diameters | 300*100 | Section | 50 | |||||||||
| 8 | Horizontal bend of equal diameters | 300*200 | Section | 30 | |||||||||
| 9 | Horizontal bend of equal diameters | 300*100 | Section | 40 | |||||||||
| 10 | |||||||||||||
| 11 | |||||||||||||
| 12 | Total | ||||||||||||
Annex 2 of the Contract
| Name of the Project: Zhongzheng Building | Unit: Yuan |
| Sequence Number | Name | Specification | Unit | Quantity | |||||||||
| 1 | Plastic Jetting Bridge Support | 300*200 | M | 1000 | |||||||||
| 2 | Plastic Jetting Bridge Support | (200+100)*100 | M | 1000 | |||||||||
| 3 | Plastic Jetting Bridge Support | (250+50)*100 | M | 400 | |||||||||
| 4 | Plastic Jetting Bridge Support | 200*100 | M | 200 | |||||||||
| 5 | Plastic Jetting Bridge Support | 300*100 | M | 125 | |||||||||
| 6 | Total | ||||||||||||
Annex 3 of the Contract
| Name of the Project: Zhongzheng Building | Unit: Yuan |
| Sequence Number | Name | | Specification | | Unit | | Quantity | ||||||
| 1 | Plastic Jetting Bridge Support | 300*200 | M | 700 | |||||||||
| 2 | Plastic Jetting Bridge Support | (200+100)*100 | M | 800 | |||||||||
| 3 | Plastic Jetting Bridge Support | (250+50)*100 | M | 400 | |||||||||
| 4 | Plastic Jetting Bridge Support | 200*100 | M | 200 | |||||||||
| 5 | Plastic Jetting Bridge Support | (400+200)*200 | M | 50 | |||||||||
| 6 | Plastic Jetting Bridge Support | (300+100)*100 | M | 80 | |||||||||
| 7 | Plastic Jetting Bridge Support | 300*100 | M | 150 | |||||||||
| 8 | Plastic Jetting Bridge Support | 1000*200 | M | 50 | |||||||||
| 9 | Plastic Jetting Bridge Support | 600*200 | M | 80 | |||||||||
| 10 | Plastic Jetting Bridge Support | (300+300)*200 | M | 5 | |||||||||
| 11 | Plastic Jetting Bridge Support | 50*50 | M | 30 | |||||||||
| 12 | Plastic Jetting Bridge Support | 200*200 | M | 6 | |||||||||
| 13 | Horizontal T-junctions of equal diameters | 300*200 | Section | 13 | |||||||||
| 14 | Horizontal T-junctions of equal diameters | 300*100 | Section | 102 | |||||||||
| 15 | Horizontal bend of equal diameters | 300*200 | Section | 50 | |||||||||
| 16 | Horizontal bend of equal diameters | 300*100 | Section | 130 | |||||||||
| 17 | |||||||||||||
| 18 | |||||||||||||
| 19 | Total | ||||||||||||
