Material Purchase Contract of Zhongzheng Building
(English
Translation)
Exhibit
10.11
Material
Purchase Contract
of Zhongzheng Building
Party
A: (Buyer) Beijing
PKU Chinafront Technology CO., LTD.
Party
B: (Seller)
Huapeng
(Group) Co., Ltd.
Upon
amicable consultation, Party A and Party B enter into the following Contract
with regard to the construction project of Zhongzheng Building based on the
principle of good faith cooperation.
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1.
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The
Parties agree that Party B shall provide Party A with the following
products (See the Schedule of the Contract for
details.).
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2.
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Quality
Standard: Produced according to the industry standard JB/T10216-2000
and
the requirements in the bid
document.
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3.
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Requirements:
Plastic jetting color will be silver
▇▇▇▇.
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4.
Date,
Place and Method of Delivery
Delivery
date
Delivery
date of the first installment of the goods: Party B shall provide Party A with
the first installment of goods before January 5, 2005 (included). See Annex
1 of
the Contract for concrete names, specifications and quantity of the
goods.
Delivery
date of the second installment of the goods: Party B shall provide Party A
with
the second installment of goods before January 10, 2005 (included). See Annex
1
of the Contract for concrete names, specifications and quantity of the
goods.
Delivery
date of the third installment of the goods: Party B shall provide Party A with
the third installment of goods before January 15, 2005 (included). See Annex
2
of the Contract for concrete names, specifications and quantity of the
goods.
Delivery
method: Party B shall deliver the goods in installments according to the
progress of the project as required by Party A after the execution of the
Contract.
Place
of
delivery: Building site of Zhongzheng Building
Price:
▇▇▇ ▇▇▇, 980.00
Method
of Payment
Method
of
payment of the contract price: The contract price will be calculated in
RMB.
After
the
execution of the Contract, Party A shall pay Party B 20% of the total price
of
the Contract RMB 199,369.00 as the advance payment of equipments before January
4, 2005 (included); pay 60% of the total price of the Contract RMB 598,188.00
within seven working days after the arrival of all the equipments at the site
and passing of the acceptance check jointly conducted by Party A and the project
supervision party; pay 15% of the total price of the Contract RMB 149,547.00
within seven working days after completing the installation of bridge supports
and
passing the acceptance check of the
separate project; and pay the remaining 5% of the total price RMB 49,849.00
upon
expiration of Party B’s free guarantee period of twelve months.
Liability
for Breach of Contract
If
Party
B fails to deliver the goods on time within the delivery term as required by
the
Contract, it shall pay Party A the liquidated damages at 5‰
of
the
total price of the equipments that shall be delivered for each delayed day.
Amount of the liquidated damages shall not exceed 5% of the total invoice price
of the delayed goods.
If
Party
A fails to make the payment within the time limit as required by the Contract,
it shall pay Party A the liquidated damages at 5‰
of
the
amount payable at that time for each delayed day up to 5% of the total amount
payable at that time.
Guarantee
Period
Party
B’s
free guarantee period is twelve months after the delivery of the entire
equipments.
Dispute
Settlement
Any
dispute arising during the performance the Contract shall be settled through
consultation between the Parties based on the attitude of amicable cooperation.
If the dispute may not be settled through consultation, either Party may bring
an action before People’s Court of Haidian District.
Execution
This
Contract (including its annexes) is made in four originals with equal legal
effect, and each Party holds two. This Contract will take effect after sign
and
stamped by the Parties and remain valid within two years from the date of
conclusion.
The
annexes of the Contract have equal legal effect with the Contract.
Annexes
1.
Schedule of the Contract
2.
Annex
1 of the Contract
3.
Annex
2 of the Contract
4.
Annex
3 of the Contract
Miscellaneous
Matters
not covered herein shall be settled by the Parties through
consultation.
Party
A: Beijing PKU Chinafront Technology CO., LTD.
Representative
of Party A: Zhang Zongping
Seal
of
Party A:
Date:
December 28, 2004
Address:
▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇ Center, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇▇
Telephone:
▇▇▇▇▇▇▇▇
Fax:
▇▇▇▇▇▇▇▇
Party
B: Huapeng (Group) Co., Ltd.
Representative
of Party B:
Seal
of
Party B:
Date:
December 28, 2004
Address:
Telephone:
▇▇▇▇▇▇▇▇▇▇▇
Fax:
▇▇▇▇-▇▇▇▇▇▇▇
Schedule
of the Contract
| Name of the Project: Zhongzheng Building |
Unit:
Yuan
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Sequence
Number
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Name
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Specification
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Unit
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Quantity
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Unit
Price
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Amount
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Remarks
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|||||||||||||||
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1
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Plastic
Jetting Bridge Support
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300*200
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M
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2700
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138
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372600
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||||||||||||||||
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2
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Plastic
Jetting Bridge Support
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(200+100)*100
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M
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2800
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103
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288400
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With
clapboard
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|||||||||||||||
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3
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Plastic
Jetting Bridge Support
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(250+50)*100
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M
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1200
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103
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123600
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||||||||||||||||
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4
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Plastic
Jetting Bridge Support
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200*100
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M
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600
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69
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41400
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||||||||||||||||
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5
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Plastic
Jetting Bridge Support
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(400+200)*200
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M
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50
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270
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13500
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With
clapboard
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|||||||||||||||
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6
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Plastic
Jetting Bridge Support
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(300+100)*100
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M
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80
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146
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11680
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With
clapboard
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|||||||||||||||
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7
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Plastic
Jetting Bridge Support
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300*100
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M
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400
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90
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36000
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||||||||||||||||
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8
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Plastic
Jetting Bridge Support
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1000*200
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M
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50
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470
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23500
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||||||||||||||||
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9
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Plastic
Jetting Bridge Support
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600*200
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M
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80
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222
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17760
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||||||||||||||||
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10
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Plastic
Jetting Bridge Support
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(300+300)*200
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M
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5
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270
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1350
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With
clapboard
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|||||||||||||||
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11
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Plastic
Jetting Bridge Support
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50*50
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M
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30
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22
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660
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||||||||||||||||
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12
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Plastic
Jetting Bridge Support
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200*200
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M
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6
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116
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696
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||||||||||||||||
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13
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Horizontal
T-junctions of equal diameters
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300*200
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Section
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63
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228
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14364
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||||||||||||||||
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14
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Horizontal
T-junctions of equal diameters
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300*100
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Section
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152
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125
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19000
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||||||||||||||||
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15
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Horizontal
bend of equal diameters
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300*200
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Section
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80
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221
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17680
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||||||||||||||||
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16
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Horizontal
bend of equal diameters
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300*100
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Section
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170
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87
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14790
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||||||||||||||||
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17
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||||||||||||||||||||||
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18
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||||||||||||||||||||||
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19
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Total
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996,980
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||||||||||||||||||||
Huapeng
(Group) Co., Ltd.
December
28, 2004
Annex
1
of the Contract
| Name of the Project: Zhongzheng Building |
Unit:
Yuan
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|
Sequence
Number
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Name
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Specification
|
Unit
|
Quantity
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|||||||||
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1
|
Plastic
Jetting Bridge Support
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300*200
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M
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1000
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2
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Plastic
Jetting Bridge Support
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(200+100)*100
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M
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1000
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|||||||||
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3
|
Plastic
Jetting Bridge Support
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(250+50)*100
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M
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400
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|||||||||
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4
|
Plastic
Jetting Bridge Support
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200*100
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M
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200
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|||||||||
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5
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Plastic
Jetting Bridge Support
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300*100
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M
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125
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|||||||||
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6
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Horizontal
T-junctions of equal diameters
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300*200
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▇▇▇▇▇▇▇
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▇▇
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|||||||||
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▇
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▇▇▇▇▇▇▇▇▇▇
▇-▇▇▇▇▇▇▇▇▇ of equal diameters
|
300*100
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Section
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50
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|||||||||
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8
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Horizontal
bend of equal diameters
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300*200
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Section
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30
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|||||||||
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9
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Horizontal
bend of equal diameters
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300*100
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Section
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40
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|||||||||
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10
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|||||||||||||
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11
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|||||||||||||
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12
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Total
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||||||||||||
Annex
2 of the Contract
| Name of the Project: Zhongzheng Building |
Unit:
Yuan
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Sequence
Number
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Name
|
Specification
|
Unit
|
Quantity
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|||||||||
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1
|
Plastic
Jetting Bridge Support
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300*200
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M
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1000
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|||||||||
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2
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Plastic
Jetting Bridge Support
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(200+100)*100
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M
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1000
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|||||||||
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3
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Plastic
Jetting Bridge Support
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(250+50)*100
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M
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400
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|||||||||
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4
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Plastic
Jetting Bridge Support
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200*100
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M
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200
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|||||||||
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5
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Plastic
Jetting Bridge Support
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300*100
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M
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125
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|||||||||
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6
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Total
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||||||||||||
Annex
3 of the Contract
| Name of the Project: Zhongzheng Building |
Unit:
Yuan
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Sequence
Number
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Name
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|
Specification
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|
Unit
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|
Quantity
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||||||
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1
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Plastic
Jetting Bridge Support
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300*200
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M
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700
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|||||||||
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2
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Plastic
Jetting Bridge Support
|
(200+100)*100
|
M
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800
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|||||||||
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3
|
Plastic
Jetting Bridge Support
|
(250+50)*100
|
M
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400
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|||||||||
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4
|
Plastic
Jetting Bridge Support
|
200*100
|
M
|
200
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|||||||||
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5
|
Plastic
Jetting Bridge Support
|
(400+200)*200
|
M
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50
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|||||||||
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6
|
Plastic
Jetting Bridge Support
|
(300+100)*100
|
M
|
80
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|||||||||
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7
|
Plastic
Jetting Bridge Support
|
300*100
|
M
|
150
|
|||||||||
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8
|
Plastic
Jetting Bridge Support
|
1000*200
|
M
|
50
|
|||||||||
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9
|
Plastic
Jetting Bridge Support
|
600*200
|
M
|
80
|
|||||||||
|
10
|
Plastic
Jetting Bridge Support
|
(300+300)*200
|
M
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5
|
|||||||||
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11
|
Plastic
Jetting Bridge Support
|
50*50
|
M
|
30
|
|||||||||
|
12
|
Plastic
Jetting Bridge Support
|
200*200
|
M
|
6
|
|||||||||
|
13
|
Horizontal
T-junctions of equal diameters
|
300*200
|
Section
|
13
|
|||||||||
|
14
|
Horizontal
T-junctions of equal diameters
|
300*100
|
Section
|
102
|
|||||||||
|
15
|
Horizontal
bend of equal diameters
|
300*200
|
Section
|
50
|
|||||||||
|
16
|
Horizontal
bend of equal diameters
|
300*100
|
Section
|
130
|
|||||||||
|
17
|
|||||||||||||
|
18
|
|||||||||||||
|
19
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Total
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||||||||||||