English Translation of Purchase and Sale Contract, dated December 18, 2006, between Hangzhou Textile Machinery Limited Company and Qiluo

Contract Categories: Business Finance - Purchase Agreements
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