Industrial Product Sales Agreement between Shandong Shengda Chemical Machinery Co., Ltd and Shandong Shengda Chemical Co., Ltd (December 26, 2002)

Summary

This agreement is between Shandong Shengda Chemical Machinery Co., Ltd (Seller) and Shandong Shengda Chemical Co., Ltd (Buyer) for the sale of five start-up cabinets at a total price of RMB 777,677.50. The Seller will deliver the goods by February 26, 2003, and provide a one-year quality warranty. Payment is structured in three installments, with full ownership transferring upon complete payment. Delivery and inspection occur at the Buyer's site, and disputes are to be resolved through discussion, mediation, or court if necessary.

EX-10.9 10 zec8kex109033106.txt INDUSTRIAL PRODUCT SALES AGREEMENT Exhibit 10.9 SALES CONTRACT OF INDUSTRIAL PRODUCTS ------------------------------------- NO.: 02605 SIGNED AT: Tai'an DATE: December 26, 2002 This contract is made and entered into by and between Shandong Shengda Chemical Machinery Co., Ltd (hereinafter referred to as the Seller) and Shandong Shengda Chemical Co., Ltd (hereinafter referred to as the Buyer); whereby the Seller agree to sell and the Buyer agree to buy the commodity mentioned in this contract subject to the terms and conditions stipulated below: Article 1: Object, Quantity, Price and Date of Delivery NAME OF COMMODITY: Start-up Cabinet UNIT: PIECE QUANTITY: Five UNIT PRICE: RMB 155,535.50 yuan TOTAL AMOUNT: RMB 777,677.50 (seven hundred and seventy-seven thousand, six hundred and seventy-seven point five) yuan DATE OF DELIVERY: February 26, 2003 Article 2: QUALITY STANDARD Be subject to the National Trade Standard. Article 3: TERMS AND TIME LIMIT OF QUALITY ASSURANCE OF THE SELLER: 1 Year of Quality Warranty Article 4: NUMBER OF NECESSITIES, SPARE PARTS, TOOLS TO BE PACKED WITH THE SAID EQUIPMENT, AND METHOD OF SUPPLY: In accordance with the requirements indicated in the drawing sheet. Article 5: TITLE TO THE GOODS SHALL BE PASSED UPON DELIVERY; HOWEVER, IF THE BUYER FAILS TO PERFORM THE OBLIGATION OF PAYING THE FULL AMOUNT OF PURCHASE PRICE, TITLE TO THE GOODS SHALL REMAIN WITH THE SELLER. Article 6: MEANS AND PLACE OF DELIVERY: The site where the buyer uses the goods. Article 7: MODE OF TRANSPORAT AND DESTINATION AND COST ALLOCATION: By road; the Seller shall pay the cost. Article 8: STANDARD, METHOD, and PLACE AND TIME LIMIT OF INSPECTION: The inspection will be done pursuant to Article 2 at the place of delivery. Any dispute shall be raised within three days. Article 9: METHOD, TIME AND PLACE OF PAYMENT: 70% shall be paid after this contract becomes effective. 20% shall be paid after the object has been made; and the remaining amount of money shall be paid off within one year. Article 10: TERMINATION OF THIS CONTRACT: After the remaining amount of money has been paid off. Article 11: BREACH LIABILITY: shall be governed by the provisions of the Contract Law. Article 12: METHOD OF SETTLING THE DISPUTE OVER THE CONTRACT: IN THE PERFORMING OF THIS CONTRACT, IF ANY DISPUTE ARISES, THE TWO PARTIES SHALL SETTLE IT THROUGH FRIENDLY DISCUSSIONS; THE DISPUTE CAN ALSO BE MEDIATED BY THE LOCAL INDUSTRIAL AND COMMERICAL ADMINISTRATION; IF NO SETTLEMENT COMES FROM THE DISCUSSIONS OR MEDIATATIONS, THE DISPUTE SHALL BE SETTLED BY LAWSUITS THROUGH THE PEOPLE'S COURT. Article 13: THIS CONTRACT SHALL BECOME EFFECTIVE after having been officially signed by the two parities. THE SELLER: THE BUYER: Shandong Shengda Chemical Machinery Co., Ltd Shandong Shengda Chemical Co., Ltd /s/ Gong Xingyu /s/ Wang Wei - ------------------------- ---------------------------------- AUTHORISED SIGNATURE AUTHORISED SIGNATURE