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Exhibit 10.3
SALES CONTRACT OF INDUSTRIAL PRODUCTS
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NO.: 02597
SIGNED AT: Tai'an
DATE:December 12, 2002
This contract is made and entered into by and between Shandong Shengda Chemical
Machinery Co., Ltd (hereinafter referred to as the Seller) and
Shandong Shengda
Chemical Co., Ltd
(hereinafter
referred to as the
Buyer); whereby the
Seller
agree to sell
and the Buyer agree to buy the commodity mentioned in this
contract subject to the terms and conditions stipulated below:
Article 1: Object, Quantity, Price and Date of Delivery
NAME OF COMMODITY: Whirling Fluid Reactor
UNIT: PIECE
QUANTITY: One
UNIT PRICE: RMB 555,560.76 yuan
TOTAL AMOUNT: RMB 555,560.76 (Five hundred and fifty-five thousand,
five hundred
and sixty point seven six) yuan
DATE OF DELIVERY: February 10, 2003
Article 2: QUALITY STANDARD
Be subject to relevant National Trade Standard.
Article 3: TERMS AND TIME LIMIT OF QUALITY ASSURANCE OF THE SELLER: 1 Year of
Quality Warranty
Article 4: NUMBER OF NECESSITIES, SPARE PARTS, TOOLS TO BE PACKED
WITH THE SAID
EQUIPMENT, AND METHOD
OF SUPPLY: In accordance with the requirements indicated
in the drawing sheet.
Article 5: TITLE TO
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