Hankou Bank Financial Consulting Service Agreement
Exhibit
10.7
Hankou
Bank
Party A:
Hankou Bank Company Limited, Wuhan Economic and Technological Development Zone
Branch
Address:
▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇, ▇▇▇▇▇ Economic and Technological Development
Zone
Postal
Code: 430065
Telephone:
▇▇▇▇▇▇▇▇
Fax:
/
Responsible
Person: Shi Huanwei
Party B:
Wuhan Blower Co., Ltd.
Address:
Canglongdao Science Park, Miaoshan Development Zone, Jiangxia
District
Postal
Code: 430000
Telephone:
▇▇▇▇▇▇▇▇
Fax:
/
Responsible
Person: ▇▇ ▇▇▇
In
accordance with the Commercial
Bank Law of the People’s Republic of China, the Contract Law of the People’s
Republic of China and the relevant laws and regulations, upon mutual
friendly negotiation and based on the principle of trust, integrity, equality
and voluntariness, Party A and Party B agree as follows:
Article
1 Party
B entrusts Party A to act as the financial consultant to help Party B resolve
financial and fund management issues encountered during its manufacture and
business operation, including but not limited to, assets management, finance
arrangement and information consulting and etc.
Article
2 Party
A accepts Party B’s entrustment and provides Party B with No.___ type of service
as follows:
(1)
Economic and financial information consulting: to provide the latest domestic
and overseas economic and financial information.
(2)
Policy and regulation consulting: to provide consulting service on economic and
financial laws, regulations and policies related to enterprise capital
operation.
(3) Fund
settlement consulting: to provide professional consulting service on domestic
fund settlement and international settlement.
(4) Cash
management consulting: based on the characteristics of client’s cash flow, to
design customized cash management solution and improve the client’s fund
management level.
(5)
Wealth management consulting: to provide wealth management solution, suggestion
and products in order to increase the benefit of the client’s idle
fund.
(6)
Investment and financing consulting: to provide framework investment and
financing consulting service when the enterprise makes project investment or
utilizes substantial capital, or when the enterprise has a financing need for
daily working capital.
(7)
Latest product information: to provide the latest financial product
information.
(8)
Industry information consulting: to provide the latest information on the macro
economy and industry development as well as relevant industry
information.
Article
3 Party
B shall provide Party A with the production plan, market survey and other data
relevant to the
products of Wuhan Blower Co., Ltd. and Party A shall provide financial
service on the premise that risks can be controlled.
Article
4 Party
A shall act as Party B’s financial consultant, and Party B agrees to pay the
relevant handling charge in the total amount of RMB 677,556.00 (RMB Six Hundred
and Seventy-seven Thousand and Five Hundred and Fifty-six). This sum of charge
shall be paid pursuant to the method No. (1) agreed as follows. Party B permits
and authorizes Party A to deduct the said sum in its account.
(1) a
lump-sum payment. The financial consulting service charge shall be paid up
within five working days after the contract becomes effective.
(2)
installment payment as follows:
_________(date):_________(amount)
_________(date):_________(amount)
_________(date):_________(amount)
The down
payment for the financial consulting service shall be paid up within five
working days after the contract becomes effective and the last payment for the
financial consulting service shall be paid up within five working days before
the contract expires. Party B permits and authorizes Party A to deduct the said
sum in its account.
Article
5 Other
Responsibilities and Obligations of Both Parties.
(1) Party
A’s Other Obligations
1. Party
A shall seek long-term and stable business operation with Party B and shall
inform Party B of the relevant information it has obtained in a timely
manner.
2. Party
A shall undertake confidentiality obligation and shall not provide or disclose
to any third party any material and document submitted by Party B to Party A,
unless permitted by Party B or otherwise required by laws, regulations and
supervision rules.
(2) Party
B’s Other Obligations
1. to
assist Party A’s work and provide necessary convenience for Party
A.
2. to
provide Party A with basic data and relevant information necessary for
investment and financing consulting service, and ensure that the foregoing data
and information is true, accurate and complete.
3. to pay
Party A financial consulting service charge as agreed in a timely
manner.
4. Party
B shall undertake confidentiality obligation and, without Party A’s permission,
shall not provide or disclose to any third party any material and document
submitted by Party A to Party B.
5. Party
B accepts the financial consulting service provided by Party A and agrees to
undertake on its own any and all economic and legal consequence incurred due to
its voluntary adoption of Party B’s consulting opinion.
Article
6 Other
Matters Agreed
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(None)
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Article
7 Any
dispute arising from this agreement or the performance of this agreement shall
be first resolved through negotiation, failing which either party may be
entitled to institute a lawsuit before the people’s court at the place where
Party A resides.
Article
8 This
agreement is made in duplicate, each held by Party A and Party B. For any matter
uncovered herein, upon the negotiation by both parties, a supplemental agreement
may be signed, which shall be equally authentic.
Article
9 This
agreement shall become effective upon the signature and seals by both parties,
with a period of validity of 12 months.
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Party
A (official seal):
/
Hankou Bank Company Limited, Wuhan
Economic
and Technological Development Zone
Branch
/
|
Party
B (official seal):
/
Wuhan Blower Co., Ltd./
|
|
Responsible
Person or Authorized Representative:
/Shi
Huanwei/
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Responsible
Person or Authorized Representative:
/▇▇
▇▇▇/
|
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Date:
June 29, 2010
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Date:
June 29, 2010
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