Supply Contract for Industrial and Mineral Products
Exhibit 10.40
Supply Contract for Industrial and Mineral Products
| Contract No.: C1005-3475 |
| Place of Signing: Zhongshan |
| Date of Signing: April 27th, 2010 |
Supplier: Guangdong Mingyang Longyuan Power & Electronic Co., Ltd.
Purchaser: Guangdong Mingyang Wind Power Technology Co., Ltd.
ARTICLE 1 Product Name, Specification, Quantity and Price:
| No. | Product Name | Specification | Quantity | Unit Price (Incl. 17% Tax) |
Total (Yuan) |
Material Code | ||||||
| 1 | High Voltage Frequency Conversion Speed Regulating Device | MLVERT-D06/5000.B | 1 | 1,490,000 | 1,490,000 | |||||||
| Aggregate | RMB one million four hundred and ninety thousand only (in words) ¥1,490,000 (in figure) | |||||||||||
ARTICLE 2
Technical Standards for Quality and Process: subject to those nationally required.
Technical Requirements: subject to the Technical Agreement entered into between the two Parties.
ARTICLE 3
Place of Delivery: Zhongshan Facility of Guangdong Mingyang Wind Power Technology Co., Ltd.
Address: Mingyang Industrial Park, Jianye Road, National Hi-tech Industrial Park, Zhongshan, Guangdong
Contact Person: XXXX Xxxxxxxx 15016171443
ARTICLE 4
Time of Delivery: Prior to June 20th, 2010
ARTICLE 5
Means and Expenses of Transportation: The products shall be delivered to the appointed warehouse of the Purchaser, and the expenses thus incurred shall be borne by the Supplier.
ARTICLE 6
Packaging Standard, supply and recycle of packing material: the supplier shall provide its standard protective packaging.
ARTICLE 7
Acceptance Standard and means, period to raise objections: subject to the standards of Standard products.
ARTICLE 8
Payment Term and Time: by bank acceptance. The purchaser will advance 30% of the total contract price to the Supplier, another 65% will be paid upon acceptance of installation and commissioning, and the remaining 5% warranty payment shall be paid within one (1) month upon acceptance of warranty period (warranty period is 24 months).
ARTICLE 9
Breach of Contract: Governed by Contract Law
ARTICLE 10
Dispute Resolutions: Negotiation and Arbitration.
ARTICLE 11
Confidential and Quality Clauses: Governed by the Confidential Agreement signed by both Parties.
ARTICLE 12
Effective time and term of Contract: This Contract takes effect upon the signature and seals by both Parties; the term shall be two years after delivery.
ARTICLE 13
Miscellaneous: A delivery form shall be issued when delivering, which shall state the contract No. of the purchaser, products and specifications and material codes.
| Supplier | Purchaser | |||
| Company: Guangdong Mingyang Longyuan Power & Electronic Co., Ltd. Address: Daling Administration area, Development Zone Zhongshan, Guangdong
Contact person: Tel: 0000 00000000 Fax: 0000 00000000 State Tax No.: 442000768446341 Bank: Industrial and Commercial Bank of China, Zhangjiabian Branch Account No.: 2011021719024886888 Zip code: 528437 |
Company: Guangdong Mingyang Wind Power Technology Co., Ltd. Address: Jianye Road, Mingyang Industry Park National Hi-Tech Industrial Development Zone Zhongshan, Guangdong
Contact person: Tel: 0000 00000000 Fax: 0000 00000000 State Tax No.: 442000789438199 Bank: Agricultural Bank of China, Development Zone Branch, Zhongshan Account No.:44319101040008866 Zip code: 528437 |
Opinion of the Authentication (Notary )authority:
Seal of the Authentication (Notary )authority:
Note: the principle of free will shall be practiced except as otherwise stipulated by the State. |
