Purchase and Sale Contract between Hangzhou Textile Machinery Limited and Chongqing Qiluo Textile Co. Limited

Contract Categories: Business Finance › Purchase Agreements
Summary

Hangzhou Textile Machinery Limited agrees to sell six automatic reeling machines to Chongqing Qiluo Textile Co. Limited for a total price of 2,400,000 Yuan. The machines will be delivered by January 30, 2007, with the buyer paying 20% upfront and the remaining 80% after delivery and assembly. The supplier will send two mechanics to assist with setup, with the buyer providing food and lodging. The contract outlines delivery, payment, and quality standards, and states that disputes will be resolved through consultation.

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EX-10.2 9 ex10-2.htm ENGLISH TRANSLATION OF PURCHASE AND SALE CONTRACT EX 10.2
English Translation of
Purchase and sale contract (Intent)

Supplier: Hangzhou textile machinery limited company Contract serial number: (Duplicate)06027
Buyer : Chongqing Qiluo Textile Co. Limited company          Signing place: Hangzhou

                                                       Sign time:2006Year12Month18Date

 
1.
Product range, trademark, model, factory, quantity, amount, goods supply time and quantity:

Product
Brand Name
Model
Manufacturer
unit
Quantity
Price
(yuan)
Aggregate amount
(Yuan)
Estimate deliver time frame
 
Model “space2000New times” automatic reeling machine
“Fei Yu”
400xu/Group
Foshan imitates machine the factory
Group
6
400000
2400000
Jan 30 , 2007
                            
2400000
Sum total Renminbi (capital letter): 2,400,000 Yuan
 
 
2.
Requirement, technical support and quality control : enterprise standard    

 
 
 

3.
Delivery method and location : factory  will decide                                             

 
 
4.
The transport mode and fees: Supplier charge transports cost & Qiluo ‘s own expenses

 
 
5.
Reasonable loss and computational method:       N/A      

 
 
6.
Packing standard, packing material supply and recycling: Do not return The Wooden crate packing and unwrapped packing material

 
 
7.
The approval standard, the method and propose the objection deadline: According to supplier enterprise standard approval.

 
 
8.
Spare parts, fitting tool quantity and supply:             N/A     

 
 
9.
Payments: Buyer will pay 20% by 1.30, 2007 , after delivery goods and complete assembling , the 80% will be paid in full.

 
 
10.
If must provide the guarantee, sets up the contract warranty in addition, takes the contract appendix. (N/A)

 
 
11.
Violation responsibility :According to《People's Republic of China law of contract>

 
 
 
 
 
12.
 dispute :Consultative solution    

 
 
13.
Other items :The supplier sends two mechanics to instruct the equipment setup, its food, sleeps free by the buyer provides.

Seller
Name: Hangzhou textile machinery limited company
Address: 279 Zhejiang Province Hangzhou stone bridge connection
Legal representative: Ye Wen
Consignee: Jiang Danming
Telephone:0571-88137613(Facsimile)
Bank account:
Account :9559980320165976814
Zip code:310022
Buyer
Name: Chongqing Qiluo Textile Co. Limited company
Address: Chongqing Fuling Li crosses private sector development zone
Legal representative: Dingliang Kuang
Consignee: Dingliang Kuang
Telephone:023-72234659   72231011(Facsimile)
Bank account:
Account number:
Zip code:408000