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Exhibit 10.7
SALES CONTRACT OF INDUSTRIAL PRODUCTS
-------------------------------------
NO.: 02602
SIGNED AT: Tai'an
DATE: December 20, 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: Grease Tank
UNIT: PIECE
QUANTITY: One
UNIT PRICE: RMB 352,795.21 yuan
TOTAL AMOUNT:
RMB 352,795.21 (Three hundred and fifty-two thousand, seven
hundred and ninety-five point two one) yuan
DATE OF DELIVERY: February 20, 2003
Article 2: QUALITY STANDARD
Be subject to: 1. The Drawing Sheet provided by the Buyer;
2.The National
Trade
Standard.
Article 3: TERMS AND TIME LIMIT OF QUALITY ASSURANCE OF THE SELLER: 1 Year of
Quality Warranty
Article 4: TITLE TO THE GOODS SHALL BE PASSED UPON DELIVERY; H
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