Exhibit 10.7

Form of Purchase Contract with Supplier
Amount_________________
REF # _________________
 

Purchaser   Jinzhou Halla Electrical Equipment Co., Ltd. Seller  
____________________________________

 

Item
 
Clause
 
Description
 
1
 
Production standard
 
Manufactured strictly in accord with what is required in drawings provided by
the purchaser
 
2
 
Regular orders
 
For details one shall read the monthly executed order by both parties for
information regarding quantity and delivery date
 
3
 
Delivery
 
Seller shall deliver in time to designated warehouse. Any damages caused by
collision, wet and corrosion shall be the Seller's responsibility
 
4
 
Packing
 
Strictly in accord with Purchaser's specification
 
5
 
Acceptance
 
To be accepted in accord with drawings and mutual-agreed standard
 
6
 
Notice and breaches
 
In case the Seller cannot deliver the product in time, a written notice shall be
sent to the Purchaser twenty (20 ) days in advance, while a notice shall be sent
to the purchaser two (2) months in advance if Seller stops its supply. And a six
(6) months extension of supply may required when the substitute supplier cannot
satisfy Purchaser's demand
 
7
 
Payment Method
 
The Seller shall make the payment sixty (60) days after the purchased item is
placed in the storehouse. The payment will be made by wire transfer and the
amount of wire transfer shall constitute 40-50% of the payment.
 
8
 
Responsibility
 
The delivery from Seller shall meet quality, quantity and time requirement of
the Purchaser. Any damages to Purchaser's production caused by delayed delivery
or poor goods quality shall be in the Seller's account.
 
9
 
Confidentiality
 
Any design or technical specifications and inspection standards shall be kept in
secret and cannot be disclose to any third parties
 
10
 
Exclusivity
 
The Seller shall not provide contracted products to any third parties.
 
11
 
Punishment
 
If the Seller sold the contracted products to any third parties, the penalty
will be RMB10.000 Yuan or 1.5 times of the breaching value whichever is larger
 

 
 
 

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12
 
Ownership of drawings and
 
The Purchaser has the ownership of the design and technical information of the
contracted products. Once this contract is terminated, the Seller shall return
these design and technical information and can not sell the contracted products
or products made by using the Purchaser's technology to any third parties. A
charge at the amount of 1.5 times of the sale price may be impose on Seller by
the Buyer if the Buyer breaches the contract.
 
13
 
others
 
Other matters will be decided in compliance with "Economic Contract Law" and
relevant regulations The term of this contract is from ____________to __________
 

 
Buyer: Jinzhou Halla Electrical Equipment, Co., Ltd.             Seller:
________________

 
 

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