Attached files
Exhibit 10.24
10.24 Contract of Offering Technology Design, Key Equipments, Materials and
Technique Service for Effluent Disposal Project
Technique Service for Effluent Disposal Project
Party A: Shandong Xiangrui Pharmacy Co., Ltd (the “Company”)
Party B: Park Environment Protection Technology (Shanghai) Co., Ltd
| • | Main Content: |
| • | The contract is entered for Party A’s effluent disposal project. |
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| • | Party A would be in charge of the whole management for the project’s
construction. |
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| • | Party B would be in charge of offering technology design, key equipments,
materials and technique service. |
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| • | The function test would be made by the parties together. |
| • | Party B Offering: |
| • | Technology design package; |
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| • | Key equipments for the project; |
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| • | Information & handbook of the technology design package; |
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| • | Technique service on-the-spot |
| • | Contract Price |
| • | Party A would pay Party B RMB 17,900,000 as the sum of the service
contract. |
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| • | 20% of the amount would be paid by Party A no longer than 15 days since the
contract was signed. |
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| • | 10% of the amount would be paid by Party A in 2 weeks after the whole
technology design package was delivered by Party B. |
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| • | 22.5% of the amount would be paid by Party A in 2 weeks after the first
notice of sending equipments was send out by Party B. |
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| • | 17.5% of the amount would be paid by Party A in 2 weeks after the second
notice of sending equipments was send out by Party B. |
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| • | 10% of the amount would be paid by Party A in 2 weeks after the third
notice of sending equipments was send out by Party B. |
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| • | 5% of the amount would be paid by Party A before the starting of the IC
reactor and after the IC reactor was installed by Party B. |
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| • | 5% of the amount would be paid by Party A before the starting of the
ANAMMOX reactor and after the ANAMMOX reactor was installed by Party B. |
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| • | 5% of the amount would be paid by Party A in 2 weeks after the whole system
was checked as qualified. |
| • | 5% of the amount would be paid by Party A in 2 months when the quality
assurance term was expired. |
| • | Delivery |
| • | Delivery Place: Party A’s project scene site. |
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| • | Delivery of the technology design package: no longer than 30 days since the
contract was signed. |
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| • | Delivery of the key equipment: no longer than 90 days since the contract
was signed for IC reactor, standpipe, and PLC system; no longer than 180 days since
the contract was signed for ANAMMOX reactor; no longer than 240 days since the
contract was signed for denitration sand filter. |
| • | Warranty and Breach of Contract |
| • | Party B promises that the technology is advanced and well-rounded and the
equipments are new and well-qualified. Party B shall offering whole information of
the technology. |
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| • | Party B promises that their staffs are healthy, experienced and competent.
Any lost caused by the mistakes made by Party B’s staff would be totally compensated
by Party B. |
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| • | Any defects of equipments or materials caused by Party B shall be remedied
by Party B. |
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| • | Party B should pay 0.5% of the amount of the delayed goods as penalty when
the delay of good delivery was caused by Party B. |
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| • | Party A should pay 0.5% of the amount of the delayed payment as penalty
when the delay of payment was caused by Party B or the delay of good delivery was
caused by Party A. |
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| • | Party A is entitled to terminate the contract when the delay of good
delivery caused by Party B is more than 8 weeks. |
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| • | Party B is entitled to terminate the contract when the delay of payment
caused by Party A is more than 8 weeks. |
| • | Function test |
| • | The function test should be completed no longer than 3 months since the
biology project started. |
| • | Headlines of the articles omitted |
| • | Force Majeure |
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| • | Confidential Clause |
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| • | Dispute Settlement |
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| • | Miscellaneous |
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| • | Effectiveness |
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| • | Validity |
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| • | Attention |