Contract of Purchases and Sales of Products
EX-10.11
Contract of Purchases and Sales of Products
Party A: Tianjin Daxing Import & Export Trade Co., Ltd.
Party B: Liaoning Joway Technology Engineering Co., Ltd.
On the principle of cooperation and win-win results on the basis of fairness, honesty, trust, equal cooperation and mutual benefit, Party A and Party B reach the following consensus through full consultations with respect to Party B’s authorization to Party A as procurement agent of control valves (multiport valves) in accordance with the Contract Law of the People’s Republic of China and its related laws.
1. Product
| No. | Product Name | Specification | Unit | Unit Price ( Tax Included) | Quantity | Amount (Yuan) | ||||||||||||
| 1 | Manually Operated Valve | F56E1-1 | set | |||||||||||||||
| 2 | Water Distributor | General | set | |||||||||||||||
| 3 | Central Tube | F27mm | piece | |||||||||||||||
| 4 | Water Cylinder | F365mm | piece | |||||||||||||||
| 6 | Reducing Valve | 4kg | piece | |||||||||||||||
| Total Amount | ||||||||||||||||||
2. Mode
Party B entrusts Party A with commodity purchases. Due to price changing with the market, the current settlement price including VAT and freight is determined via bilateral negotiation.
3. After-Sales Quality and Service
The shelf life of the products supplied by Party A to Party B is 1 year (which can be extended to 18 months depending on the date code in valve body). Party A shall change for new products or provide maintenance accessories free of charge (returning products through logistics ,excluding express delivery) in case there is any defect or quality problem resulting from products manufacturing in the warranty period. Party A shall provide free maintenance on the products beyond the warranty period or product defects caused by improper use of party B (the third party), but spare parts and in-transit freight shall be settled separately. Business involving returning goods shall be confirmed via faxes with reasons indicated; otherwise it shall not be done.
4. Arbitration
Any disputes arising from the performance of the contract between both parties that cannot be settled via negotiation on the principle of amicable consultations shall be submitted to the arbitration authority in Tianjin.
5. This contract is executed in duplicate, one for each, and shall enter into force after being signed and sealed by both parties. This contract shall take effect as of October 1, 2008 and shall expire on September 30, 2009.
Party A: Tianjin Daxing Import & Export Trade Co., Ltd.
/Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd.
Attorney:
Address: No.8 Huatiandao Road, Tianjin
Party B: Liaoning Joway Technology Engineering Co., Ltd.
/Stamp/ Liaoning Joway Technology Engineering Co., Ltd.
Attorney:
Address: Clothing Park, Shaling Town, Yuhong District, Shenyang
Order List
| Date: February 25, 2009 | Serial number: 20090201 |
| Supplier: Tianjin Daxing Import & Export Trade Co., Ltd. | | Delivery place: | |
| Clothing Park, Shaling Town, Yuhong District, Shenyang City | |||||||||||||||||
| No. | Product | Specification | Unit | Quantity | Unit Price (yuan) | Amount (yuan) | Arrival Date | RMKS | ||||||||||||||
| 1 | Water Cylinder | F365mm | Piece | 40 | 1450.00 | 58000.00 | February 6, 2009 | |||||||||||||||
| 2 | Water Cylinder | F365mm | Piece | 40 | 1450.00 | 58000.00 | February 25, 2009 | |||||||||||||||
| 3 | ||||||||||||||||||||||
| 4 | ||||||||||||||||||||||
| 5 | ||||||||||||||||||||||
| 6 | ||||||||||||||||||||||
| 7 | ||||||||||||||||||||||
| 8 | ||||||||||||||||||||||
| Total in RMB: | One hundred and sixteen thousand only | 116000.00 | ||||||||||||||||||||
| Authorized Signature and Stamp | Authorized Signature and Stamp | |||
| For and on behalf of the Supplier | For and on behalf of the Buyer | |||
| /Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd. | /Stamp/ Liaoning Joway Technology Engineering Co., Ltd. | |||
| /s/ Zhang Wenxue | /s/ Feng Yanli |
Order List
| Date: March 25, 2009 | Serial number: 20090301 |
| Supplier: Tianjin Daxing Import & Export Trade Co., Ltd. | | Delivery place: | |
| Clothing Park, Shaling Town, Yuhong District, Shenyang City | |||||||||||||||||
| No. | Product | Specification | Unit | Quantity | Unit Price (yuan) | Amount (yuan) | Arrival Date | RMKS | ||||||||||||||
| 1 | Single Pipe Filters | Piece | 196 | 290.00 | 56840.00 | March 8, 2009 | ||||||||||||||||
| 2 | ||||||||||||||||||||||
| 3 | ||||||||||||||||||||||
| 4 | ||||||||||||||||||||||
| 5 | ||||||||||||||||||||||
| 6 | ||||||||||||||||||||||
| 7 | ||||||||||||||||||||||
| 8 | ||||||||||||||||||||||
| Total in RMB: | Fifty-six thousand eight hundred and forty only | 56840.00 | ||||||||||||||||||||
| Authorized Signature and Stamp | Authorized Signature and Stamp | |||
| For and on behalf of the Supplier | For and on behalf of the Buyer | |||
| /Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd. | /Stamp/ Liaoning Joway Technology Engineering Co., Ltd. | |||
| /s/ Zhang Wenxue | /s/ Feng Yanli |
Order List
| Date: April 25, 2009 | Serial number: 20090401 |
| Supplier: Tianjin Daxing Import & Export Trade Co., Ltd. | | Delivery place: | |
| Clothing Park, Shaling Town, Yuhong District, Shenyang City | |||||||||||||||||
| No. | Product | Specification | Unit | Quantity | Unit Price (yuan) | Amount (yuan) | Arrival Date | RMKS | ||||||||||||||
| 1 | Water Cylinder | F365mm | Piece | 40 | 1450.00 | 58000.00 | April 8, 2009 | |||||||||||||||
| 2 | Reducing Valve | 4kg | Piece | 100 | 115.00 | 11500.00 | April 14, 2009 | |||||||||||||||
| 3 | Water Distributor | Set | 141 | 60.00 | 8460.00 | April 17, 2009 | ||||||||||||||||
| 4 | ||||||||||||||||||||||
| 5 | ||||||||||||||||||||||
| 6 | ||||||||||||||||||||||
| 7 | ||||||||||||||||||||||
| 8 | ||||||||||||||||||||||
| Total in RMB: | Seventy-seven thousand nine hundred and sixty only | 77960.00 | ||||||||||||||||||||
| Authorized Signature and Stamp | Authorized Signature and Stamp | |||
| For and on behalf of the Supplier | For and on behalf of the Buyer | |||
| /Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd. | /Stamp/ Liaoning Joway Technology Engineering Co., Ltd. | |||
| /s/ Zhang Wenxue | /s/ Feng Yanli |
Order List
| Date: May 25, 2009 | Serial number: 20090501 |
| Supplier: Tianjin Daxing Import & Export Trade Co., Ltd. | Delivery place: |
| Clothing Park, Shaling Town, Yuhong District, Shenyang City | |||||||||||||||
| No. | Product | Specification | Unit | Quantity | Unit Price (yuan) | Amount (yuan) | Arrival Date | RMKS | ||||||||||
| 1 | Water Cylinder | F365mm | Piece | 40 | 1450.00 | 58000.00 | May 8, 2009 | |||||||||||
| 2 | Single Pipe Filters | Piece | 150 | 290.00 | 43500.00 | May 13, 2009 | ||||||||||||
| 3 | ||||||||||||||||||
| 4 | ||||||||||||||||||
| 5 | ||||||||||||||||||
| 6 | ||||||||||||||||||
| 7 | ||||||||||||||||||
| 8 | ||||||||||||||||||
| Total in RMB: | One hundred and one thousand and five hundred only | 101500.00 | ||||||||||||||||
| Authorized Signature and Stamp | Authorized Signature and Stamp | |||
| For and on behalf of the Supplier | For and on behalf of the Buyer | |||
| /Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd. | /Stamp/ Liaoning Joway Technology Engineering Co., Ltd. | |||
| /s/ Zhang Wenxue | /s/ Feng Yanli |
Order List
| Date: July 25, 2009 | Serial number: 20090701 |
| Supplier: Tianjin Daxing Import & Export Trade Co., Ltd. | Delivery place: |
| Clothing Park, Shaling Town, Yuhong District, Shenyang City | |||||||||||||||
| No. | Product | Specification | Unit | Quantity | Unit Price (yuan) | Amount (yuan) | Arrival Date | RMKS | ||||||||||
| 1 | Water Distributor | Set | 141 | 56.00 | 7896.00 | July 3, 2009 | ||||||||||||
| 2 | Reducing Valve | 4kg | Piece | 675 | 110.00 | 74250.00 | July 10, 2009 | |||||||||||
| 3 | ||||||||||||||||||
| 4 | ||||||||||||||||||
| 5 | ||||||||||||||||||
| 6 | ||||||||||||||||||
| 7 | ||||||||||||||||||
| 8 | ||||||||||||||||||
| Total in RMB: | Eighty-two thousand one hundred and forty-six only | 82146.00 | ||||||||||||||||
| Authorized Signature and Stamp | Authorized Signature and Stamp | |||
| For and on behalf of the Supplier | For and on behalf of the Buyer | |||
| /Stamp/ Tianjin Daxing Import & Export Trade Co., Ltd. | /Stamp/ Liaoning Joway Technology Engineering Co., Ltd. | |||
| /s/ Zhang Wenxue | /s/ Feng Yanli |
