Industrial Product Sales Contract between Shandong Haize Nanomaterials Co., Ltd and Zhaoyuan Liao Rubber Products Co., Ltd (August 2005)

Summary

Shandong Haize Nanomaterials Co., Ltd (the Seller) agrees to sell, and Zhaoyuan Liao Rubber Products Co., Ltd (the Buyer) agrees to purchase, 2,640 tons of Nanometre Calcium Carbonate over one year, with monthly deliveries and a total contract value of RMB 10,428,000. The Seller is responsible for transportation costs, and payment is by bank draft. The contract specifies quality and packing standards, and disputes are to be resolved through discussion, mediation, or court if necessary. The agreement is effective upon signature and runs from August 2005 to August 2006.

EX-10.37 38 zec8kex1037033106.txt INDUSTRIAL PRODUCT SALES CONTRACT Exhibit 10.37 SALES CONTRACT OF INDUSTRIAL PRODUCTS ------------------------------------- NO.: SIGNED AT: Tai'an DATE: August 8, 2005 This contract is made and entered into by and between Shandong Haize Nanomaterials Co., Ltd (hereinafter referred to as the Seller) and Zhaoyuan Liao Rubber Products 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: Nanometre Calcium Carbonate Trademark: Sheng Ke Specification: 602 Manufacturer: Shandong Haize Nanomaterials UNIT: ton QUANTITY: 2,640 UNIT PRICE: RMB 3,950.00 yuan TOTAL AMOUNT: RMB 10,428,000.00 (ten million, four hundred and twenty-eight thousand) yuan DATE OF DELIVERY: From August 2005 to August 2006, 220 tons each month Article 2: QUALITY STANDARD Be subject to the Q/VLT 050-2000 Enterprise Standard. Article 3: PACKING STANDARD AND THE PROVISION AND RECOVERY OF PACKINGS: Outer packed with paper bag and inner packed with plastic bag. Article 4: STANDARD FOR REASONABLE WEAR AND TEAR AND COMPUTING MODE: The quantity shall be based on the quantity accepted and put in the storage by the Buyer. Article 5: MODE OF TRANSPORAT AND DESTINATION AND COST ALLOCATION: By road; the Seller shall pay the cost. Article 6: STANDARD, METHOD, and PLACE AND TIME LIMIT OF INSPECTION: Be subject to enterprise standards. Article 7: METHOD, TIME AND PLACE OF PAYMENT: By bank draft. Article 8: TERMINATION OF THIS CONTRACT: In case of being unable to perform this Contract under special circumstances. Article 9: 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 10: THIS CONTRACT SHALL BECOME EFFECTIVE after having been officially signed by the two parities. Article 11: MISCELLANEOUS: The contract period is one full year, starting from August, 2005 and ending in August, 2006. THE SELLER: THE BUYER: Shandong Haize Nanomaterials Co., Zhaoyuan Liao Rubber Products Ltd Co.,Ltd /s/ Ma Zhaowei /s/ Xu Xiaohui - --------------------------------- ----------------------------- AUTHORISED SIGNATURE AUTHORISED SIGNATURE