Serial Number: 2003H-0119
FUTIAN Automobile Parts Purchase Contract
Party A: BeiQi FuTian Automobile CO., Ltd. Party B: JingZhou HengLong Automotive Parts CO., Ltd.
The Place of Sign:Beijing The Date of Sign:Nov. 6th,2002
Chapter One Commercial Clause
Chapter Two Technology Clause
Chapter Three Quality Clause
Chapter Four Service Clause
Chapter Five The Selection Clause of Products After Stop-Supply
Chapter Six The Clause of Intellectual Property
Chapter Seven The Dispute and Other Clauses
Appendix 1 The list of Parts purchase
Party A and Party B through friendly negotiation and mutual benefit sign an agreement as follows:
Chapter One: Commercial Clause
1.1 Party B should be clearly indicate the part name, type of model, budget price, estimated quantity, batch
discount rate to Party A (referred to attachment 6 - "List of Material of unit"
1.2 Based on `share the benefit and share the risk', Party A will adjust the unit price subject to demand of
market. Party B should co-operate with Party A's lower cost strategy to honor the contract after adjusted price.
1.3 The methods of Delivery:
1.3.1 Transportation: by truck.
1.3.2 Packing: Party B should specify the packing methods according Party A and prove by Party A. Packing
methods: Plastic bag, carton box, wooden box, container, steel frame, steel box or others . For the cost of
returned packing, it should be negotiated by both parties.
1.3.3 Shipping destination: Party B should deliver to the location indicated by Party A.
1.3.4 Shipping cost: The cost of shipment should bear by Party B.
1.4.1 The way of payment: By Bill of Exchange by bank check.
1.4.2 The date of payment: Based on inventory of store of Party A and deducting the quality ensuring deposit.
1.4.3 Party A will be based on quarter quote to calculate and adjusting the amount of quality ensuring deposit
1.5 Party A wil