Exclusivity Supplemental Agreement to CWSF Boiler Sales Agency Agreement between Qingdao Haizhong Enterprises Co. Ltd. and Shaanxi Suo’ang New Energy Enterprise Co., Ltd.
Qingdao Haizhong Enterprises Co. Ltd. and Shaanxi Suo’ang New Energy Enterprise Co., Ltd. have entered into a supplemental agreement granting Shaanxi Suo’ang exclusive rights to act as the sales agent for Haizhong brand CWSF boilers in the Shaanxi region. During the agreement, Haizhong cannot appoint other agents in the region, and Suo’ang cannot represent competing products. All other terms follow the original contract. The agreement is effective as of June 11, 2010, and is legally binding for both parties.
Exhibit 10.31
Unofficial English Translation Solely for Convenience
Haizhong CWSF Boiler Sales Agency Agreement
Exclusivity Supplemental Agreement
Party A: |
| Qingdao Haizhong Enterprises Co. Ltd. |
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Party B: |
| Shaanxi Suoang New Energy Enterprise Co., Ltd. |
In order to ensure closer cooperation between the two parties, Party A and Party B, after consultation for consensus, have reached the following agreement and entered into this supplemental agreement regarding the exclusive representative agent right for CWSF in Shaanxi region.
1. Party B is the sole representative agent in Shaanxi region for Haizhong brand CWSF boiler.
2. During the term of cooperation, Party A shall not transfer for any reason the representative agent right for Haizhong brand CWSF boiler to any other party or enter into representative agent agreement with any other company; nor shall Party B represent or promote other CWSF boiler products similar to those of Party A.
3. Other matters must be implemented pursuant to the original contract. This agreement has the equal legal effect as the original contract.
4. This agreement is in duplicates, with one to each party, and both have the same legal power.
Party A: |
| Qingdao Haizhong Enterprises Co. Ltd. |
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Legal Representative: |
| JIANG G uili (Signature) |
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Date of Execution: |
| June 11, 2010 |
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Party B: |
| Shaanxi Suoang New Energy Enterprise Co., Ltd. |
| &n bsp; |
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Legal Representative: |
| REN Baoren (Signature) |
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Date of Execution: |
| June 11, 2010 |