Purchase and Sales Contract between Guizhou Shuanghe Industrial Trade Co., Ltd. and Qianxinan Aosen Forestry Ltd.
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Summary
Guizhou Shuanghe Industrial Trade Co., Ltd. agrees to sell various chemical products, including paraffin, formaldehyde, accelerant, modifier, and carbamide, to Qianxinan Aosen Forestry Ltd. for a total price of 47,196,000 yuan. The buyer is responsible for transportation costs, and delivery will occur at the buyer's location in Dingxiao, Guizhou. Payment is to be made by remittance or bank draft, with goods delivered within 10 days of payment. The contract is effective from November 6, 2009, to February 5, 2010, and disputes will be resolved by arbitration or court in Guizhou.
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
