Translated From Chinese by the H.J.M. International Law Office) Corn Kernels Purchase Agreement
(Translated
From Chinese by the H.J.M. International Law Office)
Buyer:
Xinjiang Yajia Distillate Company Limited. (Herein after referred to
as Party
A)
Seller:
Xinjiang Yili Agricultural No. 4 Troop and 61 Division Supply and Sales Company
(Herein
after referred to as Party B)
| I. |
Party
A is an ethanol producer with an annual production capacity of
20-30 thousand
tons and it needs 8-10 million tons of corn kernels as raw material
every
year. Due to the production needs, Party A decides to purchase corn
kernels from Party B herein, and the supply term for this contract
is five
years.
|
| II. |
Party
B must supply enough quantity of corn to Party A at a discounted
market
price.
|
| III. |
Delivery
location: to be discussed by both
parties.
|
| IV. |
This
contract is in four duplicated copies, two copies for both parties,
each
copy has the same effect.
|
| V. |
This
agreement will be valid after signed by the legal representatives
or
authorized persons from both parties with their company seals. Within
three months
after
the
agreement takes effect, the two parties need to sign a formal purchase
contract, otherwise, this agreement will be voided
automatically.
|
Party
A: Xinjiang Yajia Distillate Company Limited. (Seal)
Legal
representative: ___________________________________ (Signature)
Authorized
representative: ___________________________________ (Signature)
Date:
December 29, 2006
Party
B: Xinjiang Yili Agricultural No. 4 Troop and 61 Division Supply and Sales
Company (Seal)
Legal
representative: ___________________________________ (Signature)
Authorized
representative: ___________________________________ (Signature)
Date:
December 29, 2006