Exhibit 10.12
Marketing
Memorandum
Party A: Sureland Industrial Fire
Safety Co., Ltd
Address: Nan ban bi dian Industry
Park, Beijing Capital Airport
Tel: 010-81474815
Fax: 010-81473639
Contact: Ding Guofeng Hu
Shaoqing
Party B: Xi`an Systemsensor
Electronic Co., Ltd
Address: No. 11, Xiao sai dong lu,
Xi`an City
Tel: 029-5246577,5246576
Fax: 029-5243745
Contact: He dong, Li jin
On 9 th March 2001 Sureland
Industrial Fire Safety Co., Ltd and Xi`an Systemsensor Electronic
Co., Ltd discussed the market development prospect and cooperation
of year 2001, and make and enter into this agreement as regards the
subject matter of using the detector and components and parts
produced by Xi`an Systemsensor Electronic Co., Ltd by Sureland
Industrial Fire Safety Co., Ltd and the cooperation in market
development on following term and conditions:
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I.
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Rights and
obligations of Party A:
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1.
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Be responsible
for market developing and marketing work, and in considering the
development cycle of Party A’s supported products, Party A
shall, within one year from the date of conclusion of this
contract, purchase no less than 2000 detectors from Party
B;
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2.
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Be responsible
for after sales service and technical support for the
users;
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3.
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Reflect to
Party B the use situation of the products and the market
information of the selling region a periodically;
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4.
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Make payment in
good time in accordance with the payment schedule stipulated in
article 3;
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5.
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Party A shall
keep confidential for all the data and samples provided by Party B,
shall take use of them only for purpose of supported products
development, sending for inspection and marketing, and shall not
use of them for other purposes or disclose them to the third
party.
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II.
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Rights and
obligations of Party B
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1.
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Party B shall
undertake that the products provided for Party A comply with
Chinese related national
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