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Exhibit 10.32
Construction
Contract
In accordance with the principle of
openness, impartiality and fairness,
the
public bidding meeting on the Foundation for Equipments of the Triamine
Workshop
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: Foundation for
Equipments of the Triamine Workshop
II. Place of Construction: Within the
premises of Party A
III. Scope of Construction:
All civil engineering works
including concrete pouring, leveling blanket
laying, steel binding, template
support, float work and laying.
IV. Type of Contract: Contract for
labor and materials
V. Projected Engineering Work Load:
Independent foundation:
concrete pouring__ m3,
earthwork digging __m3,
stone footing __m3, plastering __
m3, ironware burying __tons.
VI. Construction Period: At the request of Party A, the
construction shall be
completed within 30 days after the
signing of this contract.
Construction Cost:
Construction payment shall be done in line with the
State's current construction flat
rate and other related documents.
Projected Construction Cost: RMB
80,000 (eighty thousand) yuan.
The final payment shall be based on
the actual volume of works.
<PAGE>
VII. 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.
VIII. Quality Requirement and Acceptance Criterion:
1. Quality Grade Standard: superior
2. Party A provides construction
site featured "three put through one






