THE COOPERATION AGREEMENT ON GAS PROJECT IN XINJI TOWN
THE COOPERATION AGREEMENT
ON GAS PROJECT IN XINJI TOWN
| Party A: |
Xinjin
Country Gas Co.
|
| Party B: |
Beijing
Xxxx Xxxxx Gas Co., Ltd.
|
| Party C: |
Construction
Bureau of Xinji Town (Witness)
|
After
friendly consultations and Party C’s approval, the Parties hereby agree as
follows (the “Agreement”)
on the
Party B’s developing the pipeline gas project (the Project) in Xinji Town in
cooperation with Party A.
| 1. |
The
Project
|
| 1.1 |
Party
B is responsible for constructing a CNG gas station and a pipeline
network
in the urban area, and Party A is responsible for gas supply projects
in
the residential communities. The Parties shall fulfill their obligations
respectively.
|
| 1.2 |
Party
A is responsible for the alteration of residential communities
using LPG
and shall make them connect to gas supplied by Party B, and Party
A shall
still fulfill its obligations to the residential
communities.
|
| 1.3 |
Considering
residential communities are not close to each other and the municipal
pipeline network can not be set up in a short time, Party A shall
provide
detailed materials showing their locations and current situations
about
gas connection, and make an annual plan about the municipal pipeline
network construction. Party A shall ensure Party B an amount of
new
customers in 2006.
|
| 1.4 |
Party
A is responsible for developing all the old and new residential
communities and commercial customers, and Party B is responsible
for
developing industrial customers in Xinji Town. The Parties shall
make the
charging standards together.
|
| 1.5 |
Party
B shall comply with the relevant regulations and rules on city
operation
in Xinji Town. For the land occupied by construction project with
an
operational purpose, RMB 450 per square meter shall be charged
in the
urban planned area, and XXX 000 per square meter outside the urban
planned
area.
|
| 2. |
Initial
Residential Installation Fee
|
| 2.1 |
Initial
residential installation fee for the residential communities requiring
alteration shall be RMB 1,700/unit for a household, and Party A
shall gain
RMB 900 of it and Party B XXX 000.
|
| 2.2 |
Initial
residential installation fee for new residential communities shall
be RMB
2,600/unit for a household, and Party A shall gain RMB 800 of it
and Party
B RMB 1800.
|
| 2.3 |
Initial
residential installation fee for all the new customers shall be
RMB
2,600/unit for a household in the
future.
|
| 3. |
Gas
Price
|
| 3.1 |
Party
B shall guarantee 30 year supply of gas, and that the gas price
shall be
adjusted according to the changing
market.
|
| 3.2 |
The
trade price of the gas supplied to Party A by Party B shall be
RMB 2.5 per
cubic meter for the residential communities requiring alteration,
and RMB
2.9 per cubic meter for the new residential communities within
the first 3
years.
|
| 3.3 |
The
final price of the gas supplied to customers by Party A shall be
RMB 2.9
per cubic meter for the residential communities requiring alteration,
and
RMB 3.3 per cubic meter for the new residential
communities.
|
|
4.
|
Settlement
|
| 4.1 |
The
payment of the gas supplied to Party A by Party B shall be settled
by the
way of IC payment cards.
|
|
5.
|
Breach
Liabilities
|
| 5.1 |
Party
B shall put its assets (including the land, house and all the instruments
of the gas station) in pledge, mortgage or guaranty to secure the
performance of obligations.
|
| 5.2 |
Party
B has the right to refuse supplying gas to Party A if Party A breaches
this Agreement.
|
| 5.3 |
Party
A shall gain the property right and operatiing right of the gas
station if
Party B breaches this Agreement.
|
| 6. |
The
Parties may negotiate and execute documents to supplement this
Agreement.
Such supplemental agreements shall have the same force and
effect as this
Agreement.
|
|
7.
|
Party
A shall actively assist Party B in constructing the gas station
and urban
pipeline network. Party B shall ensure continuous and normal supply
of gas
and good performance of the
Project.
|
2
Party
A
(Seal): Sealed
Representative
(Signature): Signed
Date:
May
30,
2006
| Party B (Seal): Sealed | |
| Representative (Signature): Signed | |
| Date: May 30, 2006 |
Party
C
(Seal): Sealed
Representative
(Signature): Signed
Date:
May
30,
2006
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