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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.
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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:
1.
Quality
Grade Standard: superior
2.
Party A
provides construction
site featured "three
put through one
level", and a
construction map. Party A is also responsible for the
joint checkup of the blueprint before star
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