Purchase Contract
Exhibit 10.25
Buyer: iASPEC Software Co., Ltd.
Add: Unit D, 4/F, Block2,
Tian’an Cyber Park, Futian District, Shenzhen City
Contact: Tongjuan Wu
Tel: 00-000-00000000-0000
Seller: Huipu Electronic (Shenzhen) Co., Ltd.
Add: Block
R2-A2, South District, High-tech Park, Nanshan District, Shenzhen City
Contact: Hadean
Tel: 00-000-00000000
Fax: 00-000-00000000
Signed
at: Shenzhen
Contact No. A200810026
Through friendly negotiation between two parties, the Buyer and the Seller have reached agreement that the Buyer will buy from the Seller the following items.
| Item | Specification | Quantity (PCs) | Unit Price | Sub-total |
| Two-in-one power supply board | 19” power supply board | 15,280 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Frame | LWM950 | 6,200 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Frame | LWM950 | 10,600 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Connecting rod | LWM950 | 18,500 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Connecting rod cap | LWM950 | 20,100 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Anti-counterfeit labels | LWM950 | 7,500 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Signal board | LWM950 | 7,800 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Carton handle | LWM950 | 20,000 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Hinge Module | LWM950 | 7,800 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Functional key- press | LWM950 | 50,000 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Key-press | LWM950 | 7,084 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Base | LWM950 | 19,800 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| End cap | LWM950 | 20,200 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Bracket | LWM950 | 98,000 | (Omitted and Filed Separately with the SEC) | (Omitted and Filed Separately with the SEC) |
| Total | (Omitted and Filed Separately with the SEC) |
| 1. |
Delivery: Delivery to the Buyer’s designated location by Oct 30, 2008. |
| 2. |
Obligations: The Seller shall deliver the goods in accordance with the names, types, quantities and unit price designated by the Buyer on or before the required delivery date. Should there be goods returns, claims, and etc caused by quality issues, the Seller shall compensate for it, and shall be responsible for all freight charge. |
| 3. |
Terms of Payment: Payment per delivery, plus 17% VAT, pay by wire or acceptance. |
| 4. |
The goods should be delivered pursuant to the location and time designated by the Buyer. In the event that the Seller fails to deliver the goods on time (except for the late delivery caused by Force Majeure), the Buyer shall have the right to refuse to accept the goods, and any costs arising therefrom shall be borne by the Seller. In the event that the Buyer delays on payment, it shall pay to the Seller penalty at 0.01 % of the total contract value each day. |
| 5. |
Acceptance in accordance with the quality standards both parties agreed. |
| 6. |
Packaging: Standard ex-factory packing. |
| 7. |
The terms and conditions of this contract are made and agreed by both parties, and shall be governed by the Contract Law of PRC. |
| 8. |
Any and all disputes arising from execution of this contract or in connection with the contract shall be first settled through friendly consultation, and in case that the negotiation fails to reach an agreement, each party reserves the right for legal proceedings to local court that has the jurisdiction over the matter. |
| 9. |
This contract is executed in duplicate, and becomes effective upon both parties’ executions. Each of which shall be deemed equally authentic. |
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Buyer: iASPEC Software Co., Ltd.
Signature: ____________________
Xxxxxxxx Xx
Date: Sep 15, 2008
Seller: Hui Pu Electronic (Shenzhen) Co., Ltd.
Signature: ___________________
Xxxxxxx Xx
Date: Sep 15, 2008
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