Sales Contract
Exhibit 10.19
Contract Number: RLES-GEO-TF001
This Contract is made on the 8th day of June, 2005.
Seller |
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Tomi Fuji Energy Management Services Consultants Ltd |
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Address |
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16/F., Hang Seng Mongkok Building, Xx.000 Xxxxxx Xxxx, Xxxxxxx, Xxxxxxx, | ||||
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Xxxx Xxxx |
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Contact |
: |
Xxxxxx Xxxxx |
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Buyer |
: |
Geopower Corporation |
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Address |
: |
Lanmark Tower 1, Xxxx 000, 0 Xxxxx Xxxxxxxxxxx Xxxx, Xxxxxxx 000000 Xxxxx | |||
Contact |
: |
X. X. Xxx, Xxxx |
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Copy To |
: |
X. X. Xxx |
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Both parties hereby agree to the terms and conditions of this Sales Contract as follows:
1. |
Sales |
The Buyer agrees to buy from the Seller the first batch of 100 units of Streetlight Savers, | |
details are: |
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Model |
Voltage |
# of Units |
Unit Price (USD) |
Total Contract Amount (USD) |
TF |
000X |
000x |
20,000 |
$ 4,000,000 |
2. Installation Province
Seven cities in Shanxi Province (Taiyuan, Jinzhong, Jincheng, Changzhi, Datong, Yangqian, Suzhou).
3. Installation Timeframe
亞太區總部 |
中國總部 |
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香港九龍旺角彌敦道677號 |
中國深圳市福田區福虹路世貿廣場B座26及27樓M室 | ||||||
恒生旺角大廈16樓全層 |
郵編: 518033 |
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電話:(000) 0000 0000 |
電話:(00) 000 00000000 |
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傳真:(000) 0000 0000 |
傳真:(00) 000 00000000 |
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The project will be in 2 phases. Each phase will install approximately 100 units of Streetlight Savers, expected to be completed in 30 days. See Appendix 1.
4. Quality of Streetlight Savers
The Streetlight Savers will produce an average of 25% savings in electricity consumption. |
5. Warranty and Maintenance
The Seller warrants to the Buyer that the Warranty Card covers: |
5.1 Within the 5-year Warranty period, any mechanical defects on the Streetlight Savers under normal operation, the Seller will repair or exchange the defected Streetlight Saver(s) free of charge once the defect is confirmed by the Seller’s technical personnel.
5.2 Within the 5-year Warranty Period, the Seller's technical personnel will provide regular on-site inspection of all of the installed Streetlight Savers purchased by the Buyer.
6. Installation
The Seller will appoint technical expertise during installation and calibration of the Streetlight Savers. During Installation of the Streetlight Savers and linking up with main circuits, all raw materials, tools and technical details will be provided by the Seller, which includes:
A. Installation of a solid footing foundation for each Streetlight Saver on the actual site; | |||
B. Linking up the Streetlight Savers with the city’s capacitor; |
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C. Calibration of the Streetlight Savers and preparation of a savings report; and |
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D. Installation of earth wiring. |
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7. Payment Terms
7.1 Payment Term 1: USD 2,000,000, which is equivalent to 50% of the total contact amount, is payable within 5 working days upon delivery of Streetlight Savers to designated locations. The expected delivery time is mid-October, 2005.
亞太區總部 |
中國總部 |
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香港九龍旺角彌敦道677號 |
中國深圳市福田區福虹路世貿廣場B座26及27樓M室 | ||||||
恒生旺角大廈16樓全層 |
郵編: 518033 |
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電話:(000) 0000 0000 |
電話:(00) 000 00000000 |
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傳真:(000) 0000 0000 |
傳真:(00) 000 00000000 |
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7.2 Payment Term 2: USD 1,200,000, which is equivalent to 30% of the total contact amount, is payable within 5 working days upon completion of the 1st phase (100 units) installation and calibration of Streetlight Savers in designated locations. The expected installation date is by the end of October, 2005.
7.3 Payment Term 3: USD 800,000, which is equivalent to 20% of the total contact amount, is payable within one month upon completion of the 2nd phase (100 units) installation and calibration of Streetlight Savers in designated locations. The expected installation date is November, 2005.
8. Delivery Schedule
Upon signing of this agreement, the delivery is as according to attached Appendix 1. |
Seller: Tomi Fuji Energy Management Services Consultants Ltd |
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/s/ Xxxxxx Xxxxx |
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Contact: Xxxxxx Xxxxx |
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Buyer: Geopower Corporation |
/s/ X. X. Xxx, Xxxx |
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Contact: X. X. Xxx, Xxxx |
亞太區總部 |
中國總部 |
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香港九龍旺角彌敦道677號 |
中國深圳市福田區福虹路世貿廣場B座26及27樓M室 | ||||||
恒生旺角大廈16樓全層 |
郵編: 518033 |
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電話:(000) 0000 0000 |
電話:(00) 000 00000000 |
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傳真:(000) 0000 0000 |
傳真:(00) 000 00000000 |
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Xxxxxxxx 0
Xxxxx Xxxxx of 100 units of Streetlight Savers estimated to be delivered by mid-October, 2005.
Second Phase of the remaining 100 units of Streetlight Savers estimated to be delivered by the end of October 2005.
Total of 200 Units of Streetlight Savers.
亞太區總部 |
中國總部 |
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香港九龍旺角彌敦道677號 |
中國深圳市福田區福虹路世貿廣場B座26及27樓M室 | ||||||
恒生旺角大廈16樓全層 |
郵編: 518033 |
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電話:(000) 0000 0000 |
電話:(00) 000 00000000 |
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傳真:(000) 0000 0000 |
傳真:(00) 000 00000000 |
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