Purchase Contract
Exhibit
00.0
Xx.
00-00-00
Xxxxxxxx
Xxxxxxxx
Party
A: Feiyang Industry & Trade Co., Ltd øThe
Supplier÷
Party
B: Shaanxi Jialong Hi-tech Industrial Co., Ltd (The Buyer)
According
to the Contract
Law of the People’s Republic of China,
Party A
and Party B agree to constitute the following purchase agreement:
Clause
One: Product Name, Quantity, Unit Price and Gross Price
Name
and
Model: Downloading Machine, Model Number: X-09
Quantity:
150 sets
Unit
Price: RMB14, 800.00 Xxxx
Xxxxx
Price: RMB2, 220,000.00 Yuan (In Words: Two Million Two Hundred and Twenty
Thousand Yuan Only)
Clause
Two: .Delivery Date & Transportation
Party
A
shall deliver all 150 sets downloading machines to Party B ahead of Sep
18th,
2006.
Clause
Three: . Delivery Place and Transportation
Delivery
Place: Business Place of Party B.
Transportation
Way: Decided by Party A.
Clause
Four: Quality Requirements
Party
A
shall guarantee that its delivered products should accord with the state
standard and the quality requirement of Party B.
Clause
Five: Acceptance Method and Objection Proposal Period 。
Acceptance
Method: Party B shall implement the examination and acceptance of the products
after delivered by Party A.
Objection
Proposal Period: If finds some quality problems, Party B shall inform Party
A
within one month since the delivery date; otherwise, the products shall be
regarded as the up to standard. The products with the quality guarantee period
shall be disposed according to the rules in the quality guarantee
period.
Clause
0 Xxxxxxxxxx Xxx and Term
Within
3
days after the contract comes into force, the payment shall be settled and
paid
according to the actual number of downloading machines. Party A shall offer
the
formal invoice to Party B.
Clause
Seven: Responsibility of Contract Breaching
1.
If
Party B fails to pay the pre-paid payment according to the clause Six of this
agreement, Party B shall pay it off within 2 days after Party A’s proposal and
bear 1% of the pre-paid payment as violating fines; if Party B still fails
to
execute it, Party A has the right to terminate the agreement and Part B shall
bear 5% of Pre-paid payment as violating fines;
2.
If
Party B fails to pay for the rest payment according to the Clause Six, as per
day delay, it shall pay 0.01% of the rest payment to Party A as the daily late
fees;
3.
If
Party A fails to deliver the products in the contracted period, it shall deliver
it within 2 days after Party B proposes and bear 1% of the pre-paid payment
as
the violating fines:
4.
If
Party A fails to execute the content of Clause Three, Party B has the right
to
consult the actual situation to decide whether conceal this agreement or nor
and
Party A shall bear 5% of pre-paid payment as the violating fines.
Clause
Eight: Disputes Settlement
Any
disputes caused in the course of performing this agreement, shall be solved
through two parties’ negotiation; if fails to reach agreement, either party
shall take legal proceedings against the other party to the court located in
the
contract signed place.
Clause
Nine: Miscellaneous:
Any
uncovered matters shall be solved according to a supplementary agreement signed
after the two parties’ negotiation. The supplementary agreement shall enjoy the
same legal force with this agreement.
Clause
Ten: This
contract is made in duplicate; and each party holds one.
This
contract shall be come into force since the date of being signed by the two
parties.
| Party A (Seal and Signature): | Party B (Seal and Signature): | |
| Person in Charge: | Person in Charge: | |
|
Zhao
Feiyang
|
Xxxxx
Xxxxxxx
|
|
| September 10th, 2006 | ||
