Contract for Phase II Extension of Integrated & Wireless Pipeline Control System of Shaanxi Techteam Jinong Humic Acid Products Co., Ltd
Exhibit
10.2
Contract
for Phase II Extension of Integrated & Wireless Pipeline
Control
System
of Shaanxi Techteam Jinong Humic Acid Products Co., Ltd
|
Contract
No.: LHJN-08-08
|
|
|
Signing
at: Xi’an
|
|
|
Date:
2008-10-20
|
Party A:
Shaanxi Techteam Jinong Humic Acid Products Co., Ltd
Party B:
Xi’an Kingtone Information Co., Ltd
NOW,
THEREFORE, in consideration of the mutual promises, covenants as well as
agreements made by the Parties herein through mutual friendly negotiation on
issues in respect of Party A’s Phase II expansion of integrated pipeline control
system, both Parties hereto agree as follows:
I Project
Description and Cost
1.
Project Description (see Technology Agreement for details)
(1)
Developing the automatic systematic software for production line of Phase II;
establishing an integrated computer network for the wireless automatic control
and management; achieving the in-house and wireless automatic control and
management on data collection and production.
(2)
Reforming the automatic system for the former production line of Phase I so as
to adapt to the control and management system of Phase II.
(3)
Responsible for the supply, installation and test of the transmitter, adjusting
valve, O-type electrical ball valve, flow meter, level gauge, resistance
temperature and site meters in the drawings of this project.
(4) Party
B shall be liable to purchase and assort all wires & cables, cable tray,
pipeline, mobile device and other necessary materials.
(5) The
official operation of all devices mentioned above can be conducted upon
installation, test, technical service and after-sales service. At least twelve
months after-sales service shall be guaranteed.
2.
Project Cost
The total
cost of this project shall be five million and two hundred thousand RMB (￥5,200,000.00).
Cost
Break-down:
|
Cost
Break-down for Phase II Project
|
|||||
|
Project
No.
|
Currency:
RMB
|
||||
|
No.
|
Project
Name
|
Quantity
|
Unit
|
Price
|
Notes
|
|
I.
Mobile & Wireless Control and Management
|
|||||
|
1
|
Mobile
Control and Management
|
1
|
set
|
200,000
|
|
|
II.
Audio Monitoring
|
|||||
|
1
|
Audio
Monitoring
|
1
|
set
|
280,000
|
|
|
III.
Control System
|
|||||
|
1
|
Control
System
|
1
|
set
|
980,000
|
|
|
IV.
Meter
|
|||||
|
Meter
(Phase I)
|
|||||
|
1
|
Radar
hydraulic gauge
|
9
|
set
|
216,000
|
|
|
Meter(Phase
II)
|
|||||
|
1
|
Integrated
Temperature Control
|
18
|
set
|
99,000
|
|
|
2
|
Pressure
Gauge
|
20
|
set
|
14,000
|
|
|
3
|
Intelligent
Pressure Transmitter
|
2
|
piece
|
18,000
|
|
|
4
|
Electromagnetic
Flowmeter
|
33
|
piece
|
495,000
|
|
|
5
|
Radar
(magnetic flap.) Level Gauge
|
15
|
piece
|
380,000
|
|
|
6
|
Electrical
Ball Valve
|
39
|
piece
|
663,000
|
|
|
7
|
UPS
|
2
|
piece
|
15,000
|
|
|
V.
Main Installing Material
|
|||||
|
1
|
Main
Installing Material (Phase I)
|
1
|
item
|
300,000
|
|
|
2
|
Main
Installing Material (Phase II)
|
1
|
item
|
600,000
|
|
|
VI.
Project Cost
|
|||||
|
1
|
Installing
Fee (Phase I)
|
1
|
item
|
80,000
|
|
|
2
|
Electric
Reforming Fee( Phase I)
|
1
|
item
|
100,000
|
|
|
3
|
Installing
Fee (Phase II)
|
1
|
item
|
760,000
|
|
|
Total
|
5,200,000
|
||||
II.
Quality requirements, technical standards, terms and conditions: the entire project must be
conducted and produced in accordance with the requirements of Technology
Agreement and relevant national industrial standards. Party B shall be liable to
grant 12 months’ warranty period since the project running and provide a life
long warranty to all meters. Party B shall dispatch the personal to deal with
the issues on site within 24 hours since Party A’s calling or lodge a proposal
for Party A’s approval.
III
Delivery time, place and manner: The duration of this project
is two months as of the validation of this contract. The delivery/acceptance
check place is the site of Shaanxi Techteam Jinong Humic Acid Products Co., Ltd,
to be specifically designated by Party A. Party B shall also install and test
the equipment under the time frame instructed by Party A.
IV
Transportation and Logistic fees (trucks): Vehicle transportation; such
expenses as transportation and logistic fee are included in the contract
price.
V Packing
requirement, supply and recycle of the packing material: binding package; all
packing materials are non-recycle.
VI Place,
standards and method of acceptance: The check and acceptance
work is conducted in accordance with the quality standards of the contract,
Technology Agreement and relevant national standards for
acceptance.
VII
Payment, Settlement and Installment, Invoice date: 30% prepayment of the
project within ten days upon validation of this contract; 30% total amount of
the project within ten days as of delivering the devices to the appointed place
and satisfying acceptance of device; 30% total amount of the project within ten
days upon satisfying acceptance of the project; the rest 10% will be regarded as
the guarantee fee and paid off after the project successfully runs one year
without problems.
VIII In
the event Party A requires to increase or decrease the workload after the
validation of the contract herein, the project can be carried out on the basis
of the changed design or Party A’s alternation. Thus the total amount for the
contract shall be adjusted accordingly.
IX
Settlement of disputes: Any dispute arising out of,
or in connection with this contract shall be first settled by both Parties
hereto through mutual negotiation in good faith. In case no successful
settlement is reached thereby, either party hereto may submit such dispute to
Xi’an Arbitration Commission for arbitration.
X This contract shall take effect as
from the date on which the same is duly signed and sealed by both Parties
hereto. This contract is made in two originals and four duplicates with each
party hereto holding one original and two duplicates
thereof.
XI Others
Stipulations
The contract and its
appendix shall be equally authentic and of equal force in
law.
Duration
of the contract: from
the effective day of the contract to the completion of the
project
Parties hereto may revise or
negotiate matters not mentioned herein.
|
Name of the Company
(Sealed)
|
Shaanxi Techteam Jinong
Humic Acid Products Co., Ltd
|
Xi’an Kingtone
Information Co., Ltd
|
|
Address:
|
Xx.0,
0xx
Xxxxxx Xxxx, Xxxxxxxx Xxxxxxxx, Xx’an
|
0X,
Xxxxxxx X, Xxxxx X, Xx.000 Xxxxx Xxxxxx Road, Xi’an
|
|
Telephone
|
029-87211523
|
000-00000000
|
|
Fax
|
029-87033921
|
029-88231590
|
|
Date
|
10/20/2008
|
10/20/2008
|
Acceptance
Report
|
Name of the Project
|
Development
for Jinong Integrated & Wireless Pipeline Control System
(Phase II)
|
||
|
Consigner(Party A)
|
Shaanxi
Techteam Jinong Humic Acid Products Co., Ltd
|
||
|
Consignee(Party B)
|
Xi’an
Kingtone Information Co., Ltd
|
||
|
Scope of the Acceptance
|
1.
|
The
developed applications provided shall be in line with Technology
Agreement;
|
|
|
2.
|
The
developed applications shall fully reach the standards for
utilization.
|
||
|
3.
|
The
supply, installation and test for the transmitter, adjusting valve, o-type
electric ball valve, flow meter, level gauge, resistance temperature, and
meters have been completed.
|
||
|
4.
|
The
supply, installation and test for the wireless, wire& cable, cable
tray, pipeline, and other needed material have been
completed.
|
||
|
5.
|
All
the paperwork and construction records for acceptance shall be updated and
completed.
|
||
|
6.
|
The
relevant training has been fully carried out.
|
||
|
7.
|
The
project shall be completed in due time.
|
||
|
Conclusion
|
All
items above are satisfied upon initial acceptance and trial operation. The
official operation can be conducted upon final acceptance.
|
||
|
Party A
|
/s/Xxx
Xxxxxx Date:
6/20/2009
|
||
|
Party B
|
/s/
Xxxx
Xxxxx Date:
6/20/2009
|
||
