Sales Contract between Shanghai High Definition Technology Industrial Co., Ltd. and Shandong Zhidali Industrial Co., Ltd. dated December 3, 2010
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Summary
Shanghai High Definition Technology Industrial Co., Ltd. (HDTI) agrees to sell 27,000 modem chips to Shandong Zhidali Industrial Co., Ltd. (Zhidali) for RMB 485,460. HDTI will deliver the products within three business days after receiving payment, and Zhidali must pay in full by January 10, 2011. The contract includes a one-year warranty for repair, exchange, or return, and requires Zhidali to inspect the goods within five business days of delivery. Delivery and packaging costs are covered by HDTI. The agreement is effective upon signature and company seals.
EX-10.18 20 f8k021111ex10xviii_kurrant.htm AGREEMENT BETWEEN SHANDONG ZHIDALI INDUSTRIAL CO. LTD. AND SHANGHAI HIGH DEFINITION TECHNOLOGY INDUSTRIAL CO., LTD, DATED DECEMBER 3, 2010. f8k021111ex10xviii_kurrant.htm
Exhibit 10.18
Sales Contract of Shanghai High Definition Technology Industrial Co., Ltd.
Contract #: SH10120101
| Supplier: Shanghai High Definition Technology Industrial Co., Ltd. (“HDTI”) | Purchaser: Shandong Zhidali Industrial Co., Ltd. (“Zhidali”) | |
| Company’s Name: HDTI Tax ID: 310104749292949 Address: 1018 East Sanliqiao Road, Pudong New District, Shanghai Tel/Fax: 021-61871158 Bank: China Industrial and Commercial Bank Caohejin Development Zone Branch Bank Account: 1001266319200087156 Zip code: 200125 | Company’s Name: Zhidali Tax ID: 370481672204284 Address: 1 Zhidali Road, Economy Development Zone, Tengzhou City, Shandong Province Tel/Fax: 0632 ###-###-#### ###-###-#### Bank: China Industrial and Commercial Bank Tengzhou City Branch Bank Account: 1605003109200334240 Zip code: 277500 |
| Unless otherwise agreed, the purchase price shall be made in ￥RMB and the parties shall follow the clauses in this Agreement: | |||||
| # | Name | Model | Quantity | Unit | Price (include sales tax) |
| 1 | Modem Chips | HD2812 | 27,000 | Pieces | ￥17.98 |
| Total: RMB ￥485,460 | |||||
| 1. | Technology/Quality Standards: shall follow the Technology Agreement, Quality Agreement and Sample Quality Standards agreed to by the parties. |
| 2. | Guaranty: provide the services of repair, exchange and return within one (1) year from the date of sales. |
| 3. | Quality Inspection, Methods and Grace Period: the Purchaser shall conduct the quality inspection within 5 business days upon receipt of the delivery in the way agreed to by the parties; failure to conduct the inspection as above will be deemed as approval of quality upon inspection. |
| 4. | Packing: the products shall be packed in a solid, anti-quake/slip/damp way suitable for long distance delivery. |
| 5. | Delivered Place: the Purchaser shall desire the place for delivery within the territory of China (upon the parties’ agreement) and the costs for delivery and package shall be paid by Supplier. |
| 6. | Delivery Time: within 3 business days upon the receipt of purchase price on Supplier’s bank account, Supplier shall deliver the orders in accordance with the fax order received from the Purchaser. |
| 7. | Fee Settlement: The purchase price shall be fully paid on or before 01/10/2011. |
| 8. | Miscellaneous: this Agreement shall be executed upon the following signatures and seals in two copies. The fax shall be deemed as of same effect as this Agreement. |
| Supplier: HDTI [Corporate Seal- Seal for Contracts Only] 12/03/2010 | Purchaser: Zhidali [Corporate Seal- Seal for Contracts Only] 12/03/2010 [signature] |
