English Translation of Purchase and Sales Contract, dated November 16, 2009, between Qian Xi Nan Aosen Forestry Company, Limited and Guizhou Shuanghe Industrial Trade Co., Ltd
EX-10.8 11 exhibit10-8.htm EXHIBIT 10.8 Phoenix Energy Resource Corporation: Exhibit 10.8 - Filed by newsfilecorp.com
Exhibit 10.8
Purchase and Sales Contract
| Seller: Guizhou Shuanghe Industrial Trade Co., Ltd. | Place of signing: Dingxiao, Guizhou |
| Buyer: Qianxinan Aosen Forestry Ltd | Date of signing: November 6, 2009 |
| I. | Product nane, trademark, model, manufacturer, quantity, value, delivery time and quantity |
| Product | Spec & Model | Manufacturer Measurement | Quantity | Unit Price (yuan) | Total Price (Yuan) | Delivery Time & Quantity |
| Paraffin | Refined | Ton | 1800 | 11500 | 20,700, 000.00 | |
| Formaldehyde | Ton | 4000 | 1600 | 6,400,000.00 | ||
| Accelerant | Ton | 1632 | 3500 | 5,712,000.00 | ||
| Modifier | Ton | 820 | 12000 | 9,840,000.00 | ||
| Carbamide | Ton | 3200 | 1420 | 4,544,000.00 | ||
| Total RMB value (in writing): Forty-seven million, one hundred and ninety-six thousand yuan | ||||||
| II. | Quality and technology standards, and warranty period: as per national standards |
| III. | Transportation, station (port) of destination, and cost: in the charge of the Buyer |
| IV. | Place of delivery: Dingxiao, Guizhou; delivery method: delivery to the Buyer’s location |
| V. | Reasonable loss and calculation method: N/A |
| VI. | Packing criteria, supply and recovery of packing materials, and cost sharing: as required by the Seller |
| VII. | Acceptance Criteria and Method: as per national standards |
| VIII. | Quantity of spare parts and auxiliaries and method of supply: N/A |
| IX. | Settlement method and term: remittance or half-year bank acceptance draft. The Seller must deliver the goods within 10 days after receiving the payment or draft. |
| X. | Liability for breach: through negotiation |
| XI. | Dispute settlement: Any dispute must be referred to a Guizhou arbitration agency or people’s court. |
| XII. | Miscellaneous: The Buyer must give the Seller a 3 days' notice for any change in product color or variety. This Contract is made in duplicate. |
| Seller | Buyer |
| Guizhou Shuanghe Industrial Trade Co. Ltd. (seal) Legal representative: Zhang Li Authorized representative: Tel: 0851 ###-###-#### Bank of deposit: Jinianta Branch, Communication Bank of China A/C No.: 521085000010003336 Postcode: 550002 | Qianxinan Aosen Forestry Ltd. (Seal) Legal representative: Peng Fangping Authorized representative: Tel: 0859-33528401 Bank of deposit: Rural Cooperative Bank, Xingyi, Guizhou A/C No.: 2881010001201100024254 Postcode: 562400 |
Effective from November 6, 2009 to February 5, 2010
