Auction Consignment Contract (Summary Translation)
Exhibit
10.9
LTP-97-007
Auction
Consignment Contract
(Summary Translation)
(Summary Translation)
Signed
at
: Beijing
Time
of
contract signing : 2004/12/17
Contract
No. :
Consignor
(Name)
Beijing
▇▇▇ ▇▇▇ Credit Guaranty Co.,Ltd
Auctioneer (Name)
Shanddong
Yinxing Auction Co.,Ltd.
Adress:
▇▇.
▇▇, ▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
Adress:
▇▇▇
▇▇▇▇▇, ▇▇.▇, ▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇
Phone
:
▇▇▇▇▇▇▇▇
Post
Code
Phone: ▇▇▇▇-▇▇▇▇▇▇▇▇
Post Code: 250014
According
to the Auction Law of the People’s Republic of China and other relevant laws and
regulations, the above two parties have entered into this contract through
friendly negotiations.
1.
Name,
specification, quantity and quality of the Lot
1.1.
Name
of Lot: One set of CBOPET
production line, film dividing and cutting machine; re-granulation system;
twin-screw extruder;
1.2.
Specification of Lot: On-line
casting machine; polymerizing pot.
1.3.
Quantity of Lot: Details
to be provided later as attachment
1.4.
Quality of Lot:
(If
the
Lot has many names and involves large quantity, and their specification and
quality vary, the Lot List of the Auction Consignment Contract (Movable
Property) and the Lot List of the Auction Consignment Contract (Immovable
Property) may be filled. The lists are part of this provision, and have full
legal force).
2.
Floor
Price proposed by Consignor: RMB118,795,895.70元
3.
Time
and place of auction:
Time
of
auction: Morning,
December 28, 2004 Place
of auction:
Jinan
4.
Time
and method of delivering or transferring the Lot: Deliver
to the Buyer by the Consignor on the same day of the completion of the
auction.
5.
Commissions and its payment terms: RMB480,000,
deduct from the bid bond within 3 days of the completion of the auction.
Auctioneer to issue invoice.
6.
Sale
price and its payment terms: After
the completion of the auction, the Buyer shall pay the sale price to the
Auctioneer, who in turn shall transfer the sale price to the
Consignor.
7.
Liability for breach of contract: shall
be governed by the Contract Law and the Auction Law.
8.
Resolution of disputes: Through
negotiations
9.
Other
issues agreed by both parties:
10.
Consignor shall provide copies of the certificate and associated documents
of
Lot.
11.
Consignor
shall provide certificate of right of disposal of Lot.
| Consignor (Seal): | Auctioneer (Seal) | Opinion by Verification Agency: |
| Legal Representative: | Legal Representative: | |
| Agent: | Agent: | Issuer: |
| Bank: | Bank: | |
| Bank Account: | Bank Account: | |
| December 17, 2004 | December 17, 2004 | Date: |