JINLONG HIGHWAY PROJECT CONSTRUCTION TURN-KEY CONTRACT
Party A: Huizhou Guanghui Highway Development Company Limited (hereinafter "
Party A")
Party B: Huizhou Highway Property Development Company (hereinafter "Party B")
Party C: Huizhou Highway Bureau (hereinafter "the guarantor")
In accordance with the principles of "The Economic Contract Law of the People's
Republic of China", "The Ordinances of Contract Agreement for Construction and
Installation Project" and "Cooperative Contract Concerning the Establishment of
Guanghui Highway Development Company Limited" and with the combination of the
specific situation and the implementation of this Contract guaranteed by Huizhou
Highway Bureau, the following provisions of the contract (hereinafter "the
Contract") are concluded by Parties A, B and C (hereinafter "the three
Parties").
Article 1 Project Description
1.1 Name: Construction Project of Jinlong Highway
Location: A 71.776 km long highway extends from Xiaojinkou to Baishaqiao,
Longmen, Huizhou, Guangdong Province. The first stage of the project
extends from Baishaqiao, Longmen, passing Pingling, to the junction of
Gongzhuang Town and Yangcun Town, Boluo, with a total length 35 km.
Content: The first stage of the project extends from Baishaqiao, Longmen,
passing Pingling, to the junction of Gongzhuang Town and Yangcun Town,
Boluo, with a total length 35 km.
Scope of Turn-key Contract: The road bed of the first stage of the project
is 18m in width and will be gradually increased to 23m.
1.2 Date of Commencement: The project commences on the date of the
1
establishment of the Cooperative Company.
Date of Completion: At the end of December, 1997.
1.3 Quality Standard: The quality of the project shall meet the qualified
standard of the national or professional quality examination standard (in
accordance with Article 3.3 of this Contract).
1.4 Cost: Jinlong Highway is 71.776 km long and its total cost of the contract
agreement is RMB560 million ( US$67.3 million).The total cost of the first
stage of the contract agreement (a 35 km highway from Baishaqiao, Longmen,
passing Pingling, to the junction of Gongzhuang Town and Yangcun Town,
Boluo) is RMB247.93 million (US$29.8 million). Party B shall gain the
profit upon the deduction of the exact amount from the above receivable
payment. In case there is a loss, Party B shall raise the capital by itself
to make up for the loss.
1.5 Form of payment for the capital required: It is executed in accordance with
Article 6.4 of "Cooperative Contract Concerning the Establishment of
Guanghui Highway Development Company Limited".
Article 2 Contract and Interpretation in Sequence
All the contract documents shall interpret and illustrate each other. Unless
otherwise indicates in this Contract, the formation and interpretation shall be
as follows:
2.1 The provisions of this Contract;
2.2 terms of the Cooperative Contract;
2.3 summary and agreement concerning the negotiation and changes of clarifying
the substantial rights and obligations of both parties;
2.4 tender notice, tender and tender documents of tender contract;
2.5 checklist of the work load or the budget report and blueprints of the
confirmation of the project price;
2
2.6 standard, specification and other related technical data and technical
requirement.
When there is ambiguity or inconsistency in the contract, it shall be
solved through consultation by both parties (for those who have social
inspector shall be explained by chief inspection engineer first) provided
that the project progress will not be affected. In case the common
understanding of both parties still cannot be reached, it can be solved in
accordance with the stipulation in Article 31.
Article 3 Language, Standard and Applicable Law Used in the Contract
3.1 This Contract is written, interpreted and illustrated in Chinese.
3.2 This Contract is applicable to the rules and regulations of the People's
Republic of China and the construction specification and technical
requirement of highway construction stipulated by the Ministry of
Transportation of the People's Republic of China.
3.3 This project is applicable to the technical specification and standard of
JTJ033-86, JTJ034-85, GBJ97 and JTJ071-85 issued by the Ministry of
Transportation of the People's Republic of China.
Article 4 Blueprints
Party B shall organize, design, carry out construction and execute turn-key
contract towards Party A in accordance with the "Feasibility Report of the
Construction of Jinlong Highway".
Article 5 Party A shall issue a written notice separately to include the list of
its representatives and appointees.
3
Article 6 Party B shall issue written notice separately to include the list of
its representative and appointees.
Article 7 Party C shall issue written notice separately to include the list of
its representative and appointees.
Article 8 Party A's Responsibilities
8.1 To raise fund for the project and make contribution according to the
progress of the project.
8.2 To have a joint checkup on the blueprints and design the documents.
8.3 To supervise and ensure the quality and progress of the project, and the
audit the cost of the project.
Article 9 Party B's Responsibilities
Party B shall perform the following duties according to the time and
requirements stipulated in the contract.
9.1 Within the scope permitted by the Qualification Certificate, the
construction shall be carry out according to the stipulation in the
contract.
9.2 To provide Party A with a monthly, quarterly and annual plan concerning the
progress of the project and the corresponding statistic report and accident
report.
9.3 To provide the illumination, safeguard, fence and guards as well as their
maintenance services during daytime according to the requirement of the
project.
9.4 To provide Party A with houses and facilities on the work-site for working
and living according to the number and requirements stipulated in the
contract. Party B shall bear the expense of occurrence.
4
9.5 To comply with the rules stipulated by the local government and relevant
departments concerning the transportation and noise control in the
construction site.
9.6 Party B shall safeguard the completed section in accordance with the
stipulation in the contract before it is handed over to Party A. During
this maintenance period, Party B shall repair all damage with its own
expense.
9.7 To safeguard the underground pipelines on the work-site, buildings nearby
and its structures as required in the Contract.
9.8 To ensure the cleanliness of the construction site conforming to the
relevant stipulations.
9.9 To pay all related taxes during construction, such as business tax for the
construction.
Party B shall compensate the Party A for its failure to perform all the above
duties resulting in any delay or loss.
Article 10 Party C's Responsibilities
Party C has agreed to bear all the liabilities of Party B and shall compensate
Party A for the loss in case Party B fails to perform any provision of this
Contract.
Article 11 Progress Plan
Party B shall submit a project organization plan (or construction proposal) and
progress plan to the representative of Party A on the date stipulated in the
contract. The representative of Party A shall approve or propose any opinion for
improvement according to the time stipulated in the contract. The project
organization plan (or construction proposal) and progress plan shall be regarded
5
to have been approved in case Party A fails to reply within the stipulated time.
Party B shall organize the construction according to the approved progress plan
and accept the examination and supervision of the progress made by the
representative of Party A. In the event that the actual progress does not accord
with the progress plan, Party B shall submit a proposal of improvements as
required by the representative of Party A and such proposal shall be executed
after Party A's approval.
Article 12 Postponement of the Construction
Party B shall commence the construction according to the date stipulated in the
contract. Should Party B fail to commence the construction on schedule, Party B
shall inform the representative of Party A of the reason and demand for the
postponement of the construction 10 days prior to the date of commencement as
stipulated in the contract. The representative of Party A shall give its reply
to Party B in 7 days. In case the representative of Party A agrees the demand
for postponement or does not give reply in 7 days, the demand of Party B shall
be regarded to have been agreed and the date of commencement shall be
correspondingly postponed. In case the representative of Party A does not agree
the demand of postponement or Party B does not propose the demand for
postponement within the designated time, the date of completion shall not be
postponed.
Having gained the consent of Party B, Party A shall postpone the date of
commencement by written notice and correspondingly, postpone the date of
completion.
Article 13 Suspension of the Construction
6
The representative of Party A, when necessary, shall ask Party B to suspend the
construction and propose any opinion for improvement in 48 hours upon the demand
has been made. Party B shall suspend the construction according to the demand of
Party A and safeguard the completed section of construction. After the
implementation of such opinion proposed by the representative of Party A, Party
B shall propose the demand to return to work and the representative of Party A
shall give approval to the commencement of the construction. In case Party A
fails to propose any opinion for improvement within the designated time or does
not reply within 48 hours upon the demand of return to work proposed by Party B,
Party B shall return to work by itself. The responsibility of the suspension of
construction shall be borne by Party A and the corresponding expense on
postponement of construction shall be decided by the Board of Directors of Party
A.
Article 14 Delay of the Construction
The followings are the delays resulting from the postponement of the date of
completion. After obtaining the recognition of the representative of Party A,
the date of completion shall be delayed.
14.1 The change of the work load and design;
14.2 the suspension of construction accumulates over 8 hours in a week due to
the suspension of the supply of water, electricity and gas which are not
caused by Party B;
14.3 force majeure;
14.4 other conditions stipulated in this Contract or the postponement agreed by
the representative of Party A.
Party B shall submit a report concerning the delay and the expenditure resulting
from it to Party A within 5 days upon the occurrence of the above situation. The
7
representative of Party A shall recognize and give reply within 7 days upon
receiving of the report. Party B shall assume that the demand of postponement
has been recognized if Party A shall not give reply within the period.
Apart from the above reasons, Party B shall bear the responsibility of breach of
contract if the construction cannot be completed according to the date
stipulated in the Contract.
Article 15 Re-examination
Party B shall carry out the construction rigidly conforming to the standard,
specification and design demand and the instruction given by the representative
of Party A as stipulated in the Contract. The construction shall be checked and
examined by the representative and appointees of Party A and Party B shall
provide convenient conditions for the checking and examination, re-do the work
and make alterations as required by the representative and appointees of Party
A. Party B shall also bear expenses on re-doing or making alterations resulting
from its own reason.
Having passed the above checking and examination, in case there is a quality
problem again caused by Party B, Party B shall bear the responsibility and the
expenses arisen and compensate Party A for related loss it sustained, and the
construction period shall be postponed.
The above checking and examination shall not affect the normal operation of the
construction, if so, the expenses arisen shall be borne by Party B in case the
examination is not passed.
Article 16 Standard of the Project Quality
8
The project quality shall meet the qualified standard of the national or
professional quality examination standard.
Should any section of the construction not conforming to the required conditions
is found, the representative of Party A shall ask Party B to re-do the work.
Party B shall re-do the work according to the schedule provided by Party A until
the stipulated condition has been complied with. Party B shall bear the
responsibility if it is Party B's own reason for not achieving the stipulated
condition.
In case there is a dispute over the quality of the construction, the relevant
quality supervision authority, as stipulated in this Contract, shall be invited
to arbitrate the dispute. The arbitration expense and the loss arisen shall be
borne by the loser.
Article 17 Hidden Construction and Intermediate Examination Before Acceptance
In case the project possesses the covering, concealable conditions or needs an
intermediate examination before acceptance as stipulated in the contract, Party
B shall invite the representative of Party A to join 48 hours prior to the
self-inspected qualified hidden project and intermediate examination before
acceptance by notice. The content of the notice shall include the prepared
examination record before acceptance, contents of hidden project and
intermediate examination before acceptance, time and location for the
examination. Party B shall prepare the examination record before acceptance.
Having passed the check, Party B shall carry out the hidden project and continue
the construction only after a signature made by the representative of Party A on
the record of the examination. In case the check has been failed, a
re-examination before acceptance shall be conducted after the alterations within
a designated period of time.
9
In case Party A does not sign on the examination record before acceptance 48
hours upon receiving the examination result that the construction quality
conforms to the required specification and requirement, it shall mean that Party
B has been approved to carry out the hidden construction duty or continue the
construction .
Article 18 When all the construction completed basically and satisfactorily
passed all the completion examination stipulated in the Contract, Party B shall
inform Party A in writing, together with a written guarantee to ensure the
completion of the incomplete work on schedule during the defective liability
period.
Article 19 Examination and re-examination before acceptance: In case the
representative of Party A shall not examine before acceptance on schedule, a
demand for postponement (not more than 2 days) shall be proposed to Party B in
48 hours before the commencement of examination. In case the representative of
Party A fails to propose a demand of postponement within the above period of
time and fails to join the examination process, Party B shall organize to
conduct an examination by itself and Party A shall admit the record of
examination.
Whether the representative of Party A joins the examination or not, when the
demand for re-examination of its hidden construction is proposed, Party B shall
analyze as required and re-cover or repair after the examination. If the
examination has been passed, Party A shall bear the expenditure arisen and
compensate Party B for the loss and the construction shall be postponed
accordingly. If the examination has not been passed, Party B shall bear the
expenditure and the construction shall not be postponed.
Article 20 The cost stipulated in the Contract shall not be changed by any party
of its own.
10
Article 21 Construction Cost in Advance
Party A shall pay the construction cost in advance to Party B according to the
time and amount stipulated in the contract. In case Party A fails to pay the
advance payment, Party B shall issue a payment notice to Party A 10 days upon
the designated period of payment. In case Party A fails to pay the advance
payment as required upon receiving the notice, Party B shall suspend the
construction 5 days after the issuance of the notice. Party A shall deposit
Party B with interest of the payable amount calculating from the payable date
and bear the responsibility of breach of contract.
Article 22 Verification and Recognition of Work Load
Party B shall submit a report to the representative of Party A concerning the
completed construction at the time stipulated in the contract. Party A shall,
within 7 days upon receiving the report, verify the completed construction
(hereinafter "calculation of work load) with reference to the blueprints and
inform Party B 24 hours prior to the calculation. Party B shall provide
convenient conditions and send somebody to join the calculation. There is no
reason for Party B not joining the calculation, in case Party A conduct the
calculation of its own, the result of calculation, used as the basis for the
payment of the project cost, shall be regarded as effective. The representative
of Party A shall conduct the calculation within 7 days upon receiving the
report. The work load listed in the report shall be recognized as the basis of
the payment for the project cost from the 8th day upon receiving the report. In
case the representative of Party A fails to inform Party B within the designated
time and Party B cannot join the calculation, the result of calculation shall be
regarded as ineffective.
11
The representative of Party A shall not conduct a calculation on the work load
increased by Party B, which exceeds the requirement of the blueprints, and the
work load of re-doing caused by its own reason.
Article 23 Payment of the Construction Cost
According to the stipulated time and method in the contract and the work load
recognized by the representative of Party A, Party A shall pay the construction
cost calculating in accordance with the unit price of the relevant items
constituting the cost of the contract and the calculation of expense standard.
In case Party A fails to pay within 10 days upon the signing by its
representative, Party B shall issue a payment notice to Party A. If Party A does
not pay after receiving the payment notice from Party B, Party B shall suspend
the construction work 5 days after the issuance of the notice and Party A shall
bear the liability of breach of contract.
Party A shall postpone the payment of the construction cost after the consent
and signing of an agreement made with Party B. The date of payment and the
interest rate of payable construction cost (from the 11th day after the signing
of an calculation of work load by Party A) shall be stated clearly in the
contract.
Article 24 Party A shall not supply the material and equipment which shall be
purchased by Party B.
Article 25 Material and Equipment Purchased by Party B
According to the provision stipulated in the contract, Party B shall purchase
the material and equipment required for the construction in accordance with the
design and specification requirement, and provide corresponding product
12
qualification certificates. For the products that do not accord with the design
or standard, Party B shall transport them out from the construction site as
required by the representative of Party A and re-purchase qualified products.
The expense shall be borne by Party B and the construction shall not be
postponed.
Article 26 Change of Design
Party B shall change the original design with the consent of the representative
of Party A.
Article 27 Under this Contract, Party B is the contractor, neither Party A, B
nor C shall change the cost in this Contract of its own.
Article 28 Examination After Completion of Construction
Project should be completed with examination standard. Party B shall provide
Party A with a full set of information and the examination report of
construction completed in accordance with the related rules of China. Party B
shall submit a sketch map of completion to Party A with number of copies and on
the date stipulated in the contract. Having received the examination report from
Party B, Party A shall employ a qualified body to conduct examination within the
time stipulated in the contract and approve or propose suggestions within 5 days
upon the examination. Party B shall made alterations as required and bear the
expense caused by its own reason.
Having received the examination report from Party B, Party A shall organize the
examination within 10 days thereafter. In case Party A fails to organize the
examination or to approve or propose any suggestions within 5 days upon
receiving the examination report, such examination report shall be regarded as
approved and a clearance procedure shall be proceeded at once.
13
The date of completion shall be the date of submitting the examination report by
Party B. In case an alteration shall be made so as to achieve the requirement
for completion, such date of completion shall be the date when Party B, after
its alterations, asks for the examination by Party A.
For special reason, in case there are certain specific construction and certain
completed construction required for examination, a completion agreement to
clarify the respective responsibilities shall be concluded by both parties.
Article 29 Clearance after Completion of Construction
After the approval of the examination report after the construction completed,
Party B shall submit a clearance report to the representative of Party A and
handle the clearance procedure after the completion according to the related
rules of China and the stipulated time and form in the contract.
In the event that Party A approved the examination report, the clearance
procedure shall be proceeded within 30 days. Starting from the 31st day, Party A
shall pay the interest of the related bank loan originally owed by Party B if
the clearance procedure has not been proceeded without any appropriate reason
except for the delay of clearance is agreed with the written consent by both
parties.
Article 30 Maintenance and Repairs Services
The maintenance and repairs period shall be one year according to the rules of
the State and the stipulation in the contract. The deposit of maintenance and
repairs accounts for 5% of the total construction cost.
14
The maintenance and repairs period commences from the date that the
representative of Party A signs on a final examination record before acceptance
of work.
During the maintenance and repairs period, Party B shall send somebody to make
repairs within 10 days upon receiving the repairing notice, if not, Party A
shall appoint other units or officers to make repair. Party A shall deduct all
the expense on repairs by the own reason of Party B from the maintenance
deposit. Party B shall pay for the insufficient amount.
Party A shall pay off the accounts of maintenance deposit retained for the
project within 20 days upon the expiration of the maintenance and repairs
period, the remaining amount of maintenance deposit and its interest (according
to the interest rate stipulated in the contract) shall be returned to Party B,
the insufficient amount shall be paid by Party B.
During the period that the road is opened for public use, the expense for any
maintenance caused by the construction quality or the problem of material and
other compartments shall be borne by Party B.
Article 31 Settlement of Disputes
Any disputes arising from the execution of, or in connection with the contract
shall be settled through friendly consultations between the three parties. In
case no settlement can be reached through consultations, the disputes shall be
submitted to the Shenzhen Branch of China International Economy and Trade
Arbitration Commission for arbitration in accordance with its rules of
procedure. The arbitral award is final and binding upon both parties. Any
expense occurred from the arbitration shall be borne by the loser.
15
During the arbitration, the contract shall be executed continuously except for
matters in disputes.
Upon the occurrence of disputes, the contract shall be executed continuously by
both parties to maintain the continuity of the construction and safeguard the
completed section of the project, except for the followings:
(1) the contract shall not be continuously executed;
(2) suspension of construction agreed by both parties;
(3) require to suspend by mediation and is accepted by both parties;
(4) require to suspend construction made by the arbitral authority.
Article 32 Breach of Contract
In case of inability to provide the necessary instruction, confirmation,
approval, perform its duties and pay the amount according to the stipulation of
the Contract and performing something resulting in incapability to execute the
contract, the representative of Party A shall bear the responsibility of breach
of contract (including the payment of the additional expense of Party B caused
by its breach of contract and the interest of payable amount starting from the
date of payment) and the construction shall be postponed accordingly. The
representative of Party A shall also pay the amount of breach of contract
stipulated in the contract and compensate Party B for the holdup in the work
owing to its breach of contract.
In case Party B fails to complete the construction or the quality of
construction cannot meet the requirements of design and standard or any behavior
16
that leads to the failure of execution of the contract, the representative of
Party A shall inform Party B and compensate Party B, according the amount of
breach of contract stipulated in the contract, for the loss caused by breach of
contract.
In case the contract shall not be executed when one party breaches it, the
breaching party shall bear the above responsibility of breach of contract and
the contract shall be executed continuously unless both parties agree to
terminate it.
In case the contract shall not be executed when one party breaches it, the other
party shall terminate or discharge the contract by informing the breaching party
10 days in advance. The liability for breach of contract shall be borne by the
breaching party.
Article 33 Compensation
Should any party (hereinafter "the breaching party") fail to (1)pay for the
expenses; or (2)conform to the standard on the quality of the project; or
(3)fulfill the contract due to the occurrence of certain events postpones the
construction period, the breaching party shall compensate the abided party. The
abided party is entitled to seek for compensation in accordance with the
following stipulations.
1. There are appropriate reason(s) for compensation and relevant evidences of
which the event is claimed.
2. The abided party shall issue a notice of compensation to the breaching party
within 20 days after the occurrence of the event.
3. The breaching party shall either give an approval to the compensation or
shall request the abided party to give further reasons for compensation and
17
evidences within 10 days after receiving the notice of compensation. Should
the breaching party do not give its reply within 10 days, it is assumed that
the compensation has been approved.
Article 34
Should party B fail to complete the road section stipulated in the contract by
using the total contracted expenses (including all expenses), party B and party
C shall be liable for this mistake. In case the completion date of the project
is then postponed, party B and Party C shall be liable for this and compensate
the Party A for the economic loss in accordance with the actual situation.
Article 35 Safety measures
Pursuant to relevant stipulations, party B shall adopt strict safety preventive
measures and be liable for any responsibilities of accidents due to insufficient
safety measures and any expenses arisen. In case the accidents are not caused by
party B, the party bearing the responsibilities shall pay for the expenses
arisen.
In case there are any serious accidents happened, party B shall immediately
inform the concerned department and the representatives of party A. In the
meantime, party B shall manage the event in accordance with the stipulations of
relevant official ministry.
18
Article 36 The underground barriers and historical relics
In the process of construction, should party B discover historical relics,
ancient xxxxxx, fossils, coins or other things which have archaeology and
geology research values or underground barriers which affect the construction,
party B shall inform the representatives of party A within 4 hours, the
concerned management department and take effective protective measures. Within
48 hours after party A has received the notice, party A shall either give its
approval to the measures taken or give its opinions. Party B and party C shall
be liable to the expenses of the protective measures. Construction period is
then delayed accordingly.
Article 37 Project sub-contracted
Party B can contract out part of the projects in accordance with a tender and
conditions stipulated.
After party B has signed sub-contract agreements with sub-contractors, a copy of
the agreement should be given to the representatives of party A. In case there
are any discrepancies between the sub-contract agreements and this contract,
this contract shall prevail.
The sub-contract cannot lift any obligations and rights of party B and party C.
Party B should assign management staff to station in the construction site where
the contracted project is carried out and ensure that the contract can be
fulfilled. In case the sub-contractor breaches the contract or is negligent, it
is assumed that party B beaches the contract or is negligent.
19
Except as otherwise provided in the contract, party B and sub-contractors shall
be liable for the expenses of contracted projects.
Article 38 Force majeures
Party B shall take immediate measures, minimize losses as much as possible, and
inform the representatives of party A about the losses within 24 hours after
force majeures. Party B shall also inform party A about the expenses of clearing
and renovation according to the time stipulated in the contract. If calamity
continues, party B shall report party A the situation of the calamity for every
10 days until the end of the calamity. Party A shall provide necessary
assistance
The expenses arisen from calamity should be afforded by both parties:
1. Party B and party C shall be liable for any losses of the projects.
2. Subordinate units shall be liable for any casualties and shall afford
relevant expenses.
3. Party B and party C shall be liable for any losses and damages of party B's
facilities and equipment and the losses of work being suspended.
4. Party B and party C shall be liable for any responsibilities and expenses
of the renovation work.
20
Article 39 Insurance
Pursuant to the conditions stipulated in the contract, party B shall insure the
life and property insurance of the construction projects, construction sites,
the staff of party A and the third parties and shall be liable to the expenses.
Party B shall purchase insurance for its staff on construction sites and
machines and shall pay for all these expenses.
After the insurance policy is taken out, if any losses happened, party B shall
submit party A a report about the situation of losses and appraised price. In
case the losses continue, party B shall report party A in every 10 days after 15
days of the occurrence of the losses until the end of the losses.
Article 40 Project suspended or deferred
Any suspension and deferment of projects due to the alteration of policy, force
majeures, and reasons irrelevant to Party A and Party B cause the contract
impossible to fulfill, party B shall properly manage the completed projects and
material brought, protect the facilities well and prepare for the hand-over
work. In accordance with the demand of party A, Party B shall withdraw all its
machines, facilities and staff from the construction site. Party C shall provide
party B with necessary assistance and pay for the above economic expenses. In
addition, party C shall pay for the project expenses and compensate party A and
party B for any relevant losses in accordance with the stipulations in the
contract. The party who orders the remaining material and equipment shall return
21
them to the seller. In case there are any payments for these goods which cannot
be refunded and expenses arising from the return of these goods, party B and
party C shall be liable for these expenses. In case the goods cannot be returned
in time, the responsible party on this matter should be liable for the losses.
Article 41 The effectiveness and termination of the contract
This contract will be effective in accordance with the stipulations in the
contract. When the project is completed, party A has paid for all expenses and
party B has handed over the project, all conditions other than the protective
and maintenance conditions will be terminated. When the maintenance period is
over, all protective and maintenance conditions will be terminated.
Article 42
This contract has three original copies which all have the same binding effects.
Each party (A, B & C) will keep a copy which is signed and stamped by all the
three parties. Duplicate copies will be made to relevant department as required.
This contract is signed on ________________________ in Huizhou, Guangdong
Province.
Party A : Huizhou Guanghui Highway Development Co. Ltd.
22
Authorized representative:
Stamp:
Party B: Huizhou Highway Property Development Co. Ltd.
Authorized representative:
Stamp:
Party C: Huizhou Highway Bureau
Authorized representative:
Stamp:
23