Contract for an Integrated & Wireless Pipeline Control System Of Shaanxi Techteam Jinong Humic Acid Products Co., Ltd
Exhibit
10.12
Contract
for an Integrated & Wireless Pipeline Control System
Of
Shaanxi Techteam Jinong Humic Acid Products Co., Ltd
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Contract
No.: LHJN-08-08
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Singing
at: Xi’an
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Date:
2008-10-20
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Party A:
Shaanxi Techteam Jinong Humic Acid Products Co., Ltd
Party B:
Xi’an Kingtone Information Co., Ltd
NOW,
THEREFORE, in consideration of the mutual promises, covenants as well as
agreements made by the Parties herein through mutual friendly negotiation on
issues in respect of integrated pipeline control system, both Parties hereto
agree as follows:
I Scope
and Cost of the Project
1. Scope
(refer to the Technical Agreement)
(1)
Developing the automatic systematic software for production line; establishing
an integrated computer network for the wireless automatic control and
management; achieving the in-house and wireless automatic control and management
on data collection and production.
(2)
Reforming the automatic system for the former production line so as to adapt to
the control and management system of Phase II.
(3)
Responsible for the supply, installation and test of the transmitter, adjusting
valve, O-type electrical ball valve, flow meter, level gauge, resistance
temperature and site meters in the drawings of this project.
(4) Party
B shall be liable to the purchase and assort all wires& cables, cable tray,
pipeline, mobile device and other needed materials.
(5)
The official operation of all devices mentioned above can be conducted upon
installation, test, technical service and after-sales service. Twelve months
least after service shall be guaranteed.
2.
Cost
The total
cost of this project shall be five thousand two hundred thousand
RMB.
List for
the Cost:
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List
for the Cost of Jinong Project
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Project
No. Currency:
RMB
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No.
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Name
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Quantity
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Unit
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Price
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Notes
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Mobile
& Wireless Control and Management
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1
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Mobile
Control and Management
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1
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set
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200,000
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Audio
Monitoring
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1
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Audio
Monitoring
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1
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set
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280,000
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Control
System
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1
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Control
System
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1
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set
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980,000
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Meter
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Meter(Phase
I)
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1
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Radar
hydraulic gauge
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9
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set
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216,000
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Meter(Phase
II)
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1
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Integrated
Temperature Control
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18
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set
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99,000
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2
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Pressure
Gauge
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20
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set
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14,000
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3
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Intelligent
pressure transmitter
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2
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piece
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18,000
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4
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Electromagnetic
Flowmeter
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33
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piece
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495,000
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5
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Radar
(magnetic flap.) Level Gauge
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15
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piece
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380,000
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6
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electrical
ball valve
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39
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piece
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663,000
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7
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UPS
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2
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piece
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15,000
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Main
Installing Material
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1
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Main
Installing Material (Phase I)
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1
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item
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300,000
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2
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Main
Installing Material (Phase II)
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1
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item
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600,000
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Project
Cost
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1
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Installing
Fee (Phase I)
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1
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item
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80,000
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2
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Electric
Reforming Fee( Phase I)
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1
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item
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100,000
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3
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Installing
Fee (Phase II)
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1
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item
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760,000
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Total
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5,200,000
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II.
Quality requirements, technical standards, terms and conditions for products’
quality: the entire
project must be suitable for the requirements of Technical Agreement and
relevant standards. Party B is liable to grant 12 months’ warranty period since
the project running and provide a life long warranty to all meters. Party B
shall dispatch the personal within 24 hours since Party A’s calling or lodge a
proposal for Party A’s approval.
III
Delivery time, place and manner: The duration of this project
is two months as of the validation of the agreement. The delivery place is the
site of Shaanxi Techteam Jinong Humic Acid Products Co., Ltd, which is appointed
by Party A.
IV
Transportation and Logistic fees (trucks): Vehicle transport; the
contract has taken such expenses as transportation and logistic fee into
account.
V Packing
requirement, supply and recycle of the packing material: binding package; all
packing materials are non-recycle.
VI Place,
standards and method of acceptance: The acceptance work is
conducted in accordance with the quality standards of the contract, technical
agreement and relevant national standards for acceptance.
VII
Payment, Settlement and Installment, Invoice date: 30% prepayment of the
project within ten days upon validation of this contract; 30% total amount of
the project within ten days as of delivering the devices to the appointed place
and satisfying acceptance of device; 30% total amount of the project within ten
days upon satisfying acceptance of the project; the rest 10% will be regarded as
the guarantee fee and pay off after the project successfully runs one year
without problems.
VIII In
the event Party A requires to increase or decrease the workload after the
validation of the contract herein, the project can be carried out on the basis
of the changed design or Party A’s alternation. Thus the total amount for the
contract shall be adjusted accordingly.
IX
Settlement of disputes: Any dispute arising out of,
or in connection with this Agreement shall be first settled by both Parties
hereto through mutual negotiation in good faith. In case no successful
settlement is reached thereby, either party hereto may submit such dispute to
Xi’an Commission for arbitration.
X This contract shall take effect as
from the date on which the same is duly signed and sealed by both Parties
hereto. This contract is made in two originals and four duplicates with each
party hereto holding one (1) original and two duplicate
thereof.
XI Others
Stipulations
Any supplemental agreement
so entered into by both Parties and this contract shall be equally authentic and
each of which when duly executed shall be of equal force in
law.
Validity
of contract: from the
effective day of the contract to the completion of the
project
Parties hereto may revise or
negotiate matters not mentioned herein.
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Name
of the Company(Seal)
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Shaanxi
Techteam Jinong Humic Acid Products Co., Ltd
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Xi’an
Kingtone Information Co., Ltd
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Address:
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No.6,
GuhauRoad, Yangling
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▇▇,
▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇.▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇
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Telephone
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029-87211523
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029-88231591
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Fax
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029-87033921
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029-88231590
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Date
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10/20/2008
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10/20/2008
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Acceptance
Report
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Name
of the Project
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Development
for Jinong Integrated & Wireless Pipeline Control
System
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Consigner(Party
A)
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Shaanxi
Techteam Jinong Humic Acid Products Co., Ltd
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Consignee(Party
B)
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Xi’an
Kingtone Information Co., Ltd
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Scope
of the Acceptance
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The
developed applications provided shall be in line with Technical
Agreement;
The
developed applications shall fully reach the standards for
utilization.
The
supply, installation and test for the transmitter, adjusting valve, o-type
electric ball valve, flow meter, level gauge, resistance temperature, and
meters have been completed.
The
supply, installation and test for the wireless, wire& cable, cable
tray, pipeline, and other needed material have been
completed.
All
the paperwork and construction records for acceptance shall be updated and
completed.
The
relevant training has been fully carried out.
The
project shall be completed in due time.
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Conclusion
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All
items above are satisfying upon initial acceptance and trial operation.
The official operation can be conducted upon final
acceptance.
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Party
A
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/s/▇▇▇
▇▇▇▇▇▇ Date:
6/20/2009
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Party
B
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/s/
▇▇▇▇ ▇▇▇▇▇ Date:
6/20/2009
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