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Exhibit 10.31
Construction
Contract
In accordance with the principle of
openness, impartiality and fairness,
the
public bidding meeting on the Triamine Project - Refinery Workshop and Relevant
Structures and Earth Hardening Project of Shandong Bangsheng Chemical Co., Ltd.
was a full success. Through
friendly negotiation, Shandong Bangsheng Chemical
Co., Ltd. and Chen Houzhi,
the successful bidder,
agree to establish this
contract. The parties hereby agree as follows:
Party A: Shandong Bangsheng
Chemical Co., Ltd. (hereinafter
referred to as
"Party A")
Party B: Chen Houzhi (hereinafter referred to as "Party B")
I. Project Name: Triamine Refinery
Workshop and Relevant Structures and Earth
Hardening Project
II. Type of Contract: Contract for
labor and materials
III. Projected Engineering Work Load:
Construction Cost:
Construction payment shall be done in line with the
State's current construction flat
rate and other related documents.
Projected construction
cost of refinery workshop:
RMB 455,000 (four
hundred and fifty-five thousand)
yuan;
Projected construction
cost of related
structures: RMB10,000 (ten
thousand) yuan;
Projected construction
cost of Earth
Hardening Project: RMB
35,000
(thirty-five thousand) yuan.
Total: RMB 500,000 (five hundred
thousand) yuan.
The final payment shall be based on
the actual volume of works.
<PAGE>
IV. Construction Period: At the request of Party A, the
construction shall be
completed within 30 days after the
signing of this contract
V. Mode of Payment:
30(C)++ of the total construction cost shall be paid within 10
days after
the equipment and staff of the unit
in charge of construction arrive the
construction site
and come into
operation; 30(C)++ of
the total
construction cost shall be paid
after the main body of the construction is
completed; 30(C)++ of the total construction cost shall
be paid after the
construction has been checked and
accepted; the remaining 10(C)++ shall be
paid off at a single payment
within one year after the
completion of
construction, henceforward this
contract shall become self-annulled.
VI. Quality Requirement and Acceptance
Criterion:






