English Translation]
[English
Translation]
Technical
Solution Agreement between Beijing Xin’ao Concrete Co., Ltd & Beijing
Yucheng Jianda Concrete Co., Ltd
Party
A:
Beijing Xin’ao Concrete Co., Ltd
Party
B:
Beijing Yucheng Jianda Concrete Co., Ltd
In
accordance with the purpose of strengthening both parties’ competitiveness and
area benefit, Xin’ao and Xinghang agree to jointly set up a strategic
partnership.
1.
Both
parties develop a strategic co-operation in concrete industry. Party A shall
provide technical service to Party B. Also both parties develop marketing
strategic co-operation.
i.
Party
A shall provide technical solution services aiming at decreasing the material
cost for Party B. This service should guarantee that Party B’s cost must
decrease at least RMB 5 Yuan than that in 2007. Party A shall share 70% and
Party B share 30% of the benefit exceeding RMB 5yuan. The details can be
negotiated.
ii.
Both
parties shall transfer the project which does not belong to one’s service radius
to the other party or assist the other party in conclusion of the contract.
The
beneficiary (party) shall pay certain amount of money on the basic of project
quantity and benefit but no less than RMB5yuan per square.
iii.
During the process of bidding, under the precondition of compliance with the
laws, both parties shall provide services to each other for free.
2.
Service Mechanism. In order to push the services effectively, both parties
agree:
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i.
|
Both
parties will hold a top executive meeting every 90 days to solve
the
technical solution problems during
co-operation.
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ii.
|
The
people who in charge of technical, quality, laboratory and other
relevant
people in both parties will have a marketing co-ordination meeting
every
30 days to solve the problem during
co-operation.
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iii.
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Both
parties will assign a person who is in charge of daily communication
respectively.
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iv.
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3.
Party
B shall not disclose any technical solution provided by Party A to any third
party or use at any other plant. Party B shall not use Party A’s qualification.
4.
Any
issues which have not been included will be recorded in “Meeting Minutes” after
both parties sign. If both parties meet any important issues, a complementary
agreement should be concluded. The “Meeting Minutes” and the complementary
agreement have the same legal valid.
5.
This
agreement shall come into force on the day on which it is signed by legal
representatives of both parties.
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Party
B
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