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Exhibit 10.12
SALES CONTRACT OF INDUSTRIAL PRODUCTS
-------------------------------------
NO.: 03010
SIGNED AT: Tai'an
DATE: January 12, 2003
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: Steam Surge Tank
UNIT: PIECE
QUANTITY: One
UNIT PRICE: RMB 558,350.00 yuan
TOTAL AMOUNT: RMB
558,350.00
yuan (five hundred and
fifty eight thousand
and
three hundred and fifty) yuan
DATE OF DELIVERY: February 22, 2003
Article 2: QUALITY STANDARD
The seller will manufacture the objects according to the National
Standards and
the drawing sheet provided by the Buyer.
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 accordanc
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