Exhibit 10.16
SALES CONTRACT OF INDUSTRIAL PRODUCTS
-------------------------------------
NO.:
SIGNED AT: Tai'an
DATE: July 5, 2004
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:
Absorption Tower, Equalizer Tank, Surge Tank, Liquid Ammonia
Tank
UNIT: PIECE
QUANTITY: Three, One, One, and Two Respectively
UNIT PRICE:
RMB 165,200 yuan, 431,000 yuan, 96,200 yuan, 746,200 yuan
respectively.
TOTAL AMOUNT: RMB 2,515,200 (two million, five hundred and fifteen thousand
and
two hundred) yuan
DATE OF DELIVERY: Within forty-five days after receiving the
advance payment.
Article 2: QUALITY STANDARD
Be subject
to the GB 150 Trade
Standard for Containers. In the case of the
liquid ammonia tank,
the crack detection will be done on a 100%
basis and the
whole tank has to be undergone heat treat
