English Translation] Strategic Partnership Agreement
[English
Translation]
Party
A:
Beijing Xin’ao Concrete Co., Ltd (the “Xin’ao”)
Party
B:
Changping Branch of Beijing Shangdi Xingda Co., Ltd, (the “Xingda
Changping”)
In
accordance with the purpose of strengthening both parties’ competitiveness and
area benefit, Xin’ao and Xing’da Changping agree to jointly set up a strategic
partnership from the day of January 1, 2008.
1.
This
partnership in concrete industry begins from January 1, 2008. The partnership
embodies raw material providing and conformity of concrete market aiming at
increasing both parties’ benefit.
2.
Both
parties shall transfer the project which does not belong to one’s service radius
to the other party or assist the other party in conclusion of the contract.
The
beneficiary (party) shall pay certain amount of money on the basic of project
quantity and benefit but no less than RMB5yuan per square.
3.
If one
party’s equipments leave unused in a certain period, the other party has the
priority to use at 75% of market price.
4.
During
the process of bidding, under the precondition of compliance with the laws,
both
parties shall provide co-operation service to each other for free.
5.
Strategic partnership mechanism. In order to push the strategic co-operation
effectively, both parties agree:
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i.
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Both
parties will hold a top executive meeting every 90 days to solve
the
problem during co-operation.
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| ii. |
The
people who in charge of operating, producing and other relevant parts
in
both parties will have a marketing co-ordination meeting every 30
days to
solve the problem during
co-operation.
|
|
iii.
|
Both
parties will assign a person who is in charge of daily communication
respectively.
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6.
Any
issues which have not been included will be recorded in “Meeting Minutes” after
both parties sign. If both parties meet any important issues, a complementary
agreement should be concluded. The “Meeting Minutes” and the complementary
agreement have the same legal valid.
Attachments
are copies of business licenses of both parties.
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Party
A:
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Party
B:
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