(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