Exhibit 10.24
Sales Contract
Sales Contract of Guangzhou Cityview Bus Installation Co., Ltd.
Contract number: 2004008 Signing Date: Xxxxxx 0, 0000 Xxxxxxxx: XXX
Party A: Changsha United Electric Power Science and Technology Co., Ltd.
Product Type: Hybrid Electric Power Tourist Bus
Unit Price: RMB 430,000
Quantity: One
Party B: Guangzhou Cityview Bus Installation Co., Ltd.
Down Payment: RMB 150,000
Total Payment : RMB 430,000
Information on Party A:
Payment is billed on: Changsha United Electric Power Science and Technology Co.,
Ltd.
Bank Name: Hexi Branch of Changsha Construction Bank
Account number: 1540061016900207943
Post Add: Room D on 0xx xxxxx xx Xxxxxxxx Xxxxxxxx, Xxxxxxxx, X.X. 000000
Contact Person: Xxxx Xxxxxxx
Tel: 0000-0000000 Fax: 0000-0000000
Information on Party B:
Payment is to be received by: Guangzhou Cityview Bus Installation Co., Ltd.
Bank Name: Xxxxxx Xxxxxx of Zengcheng Industrial and Commercial Bank
Account number: 3602053119200000946
Post Add: Zhucun County of Zengcheng, Guangdong Province, P.C. 511370
Contact Department: Sales Dept. of Guangzhou Cityview Bus Installation Co., Ltd.
Tel: 000-00000000 Fax: 000-00000000
Terms and Conditions:
1. Party A shall provide the electric engine and other electric-control
equipment, and entrust Party B with the installation and production of the whole
vehicle mode: SJ6110CT3 DESL hybrid power tourist bus
2. Payment Arrangement: Down payment of RMB 150,000 should be made from Party A
to Party B within three days upon signing of the contract; another payment of
RMB 130,000 should be made from Party A to Party B upon completion of the
vehicle body by the latter; final payment should be made upon delivery of the
vehicle.
3. Delivery Date: September 5, 2004
4. Delivery Way: Party A shall go to the manufacturing place of Party B to check
the vehicle; Party B shall make delivery on the delivery date after receiving
the full payment.
5. Quality Insurance: Party B shall provide one-year guarantee service free of
charge according to its quality standards.
6. Unit Price shall exclude vehicle purchase tax and plate fee.
7. Main parts of the vehicle: chassis SX6112BKB, tyre 275/70 R 22.5, whole-view
windshield, double-layered front and rear windshields, side glass window around
the vehicle body, Japanese air-conditioner, safety top window, Pioneer DVD, 17
inch LCD screen, ABS, luggage rack, rear controller for backing, electric rear
mirror, battery box, etc.
8. The original contract is made in duplicate with each party holding one copy.
For any disputes in executing the contract, the two parties should negotiate and
may have recourse to relevant local court if negotiation fails.
Signed by and on behalf of Party A: /s/ Xxxx Xxxxxxx (sealed)
Signed by and on behalf of Party B: /s/ Guo Shanqiang (sealed)
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