Sales Contract of Battery

Supplier : Changsheng Chisen Electric Co., Ltd. (Party A)
 
Buyer : Song Chunwei (Party B)
 
Time of signing: February 17th, 2008

The parties have agreed and entered into this contract after friendly
consultations in accordance with the Contract Law of the Peoples Republic of
China and related regulations.
 
Article 1 Validity Period of the Contract: From January 1st, 2008 to December
31st, 2008

Article 2 Purchase of Product
The Buyer shall deliver the purchase order in writing to the Supplier describing
the product name, specification, quantity, packaging, and delivery time. The
purchase order shall only be valid after being sealed or signed and can be
delivered in facsimile or correspondence. The Supplier shall deliver the goods
within 7 days after it receives and confirms the order. The annexes to this
Contract include the purchase order and the delivery bill with the signature of
the buyer.

Article 3 Delivery
The Supplier shall be responsible for the delivery, with the transportation
expense included in the price.

Article 4 Quality Requirement
The quality of the products provided by the Supplier shall meet the requirement
of industrial standard JB/T10262-2001.

Article 5 Inspection Method
The Buyer shall inspect the products in accordance with the industrial standard
and the purchase order on the date of receipt, and sign and seal on the delivery
bill.

Article 6 Payment
1. Delivery against payment
2. The Buyer shall transfer the payment to the designated account of the
Supplier and cannot transfer to other account or make the payment in cash
without consent from the Supplier. Payment in cash under special circumstance
shall be made with the Supplier’s authorization; otherwise, the Buyer shall bear
the liability.

Article 7 Regional Sales Target

1.
Sales domain: Haimen, Tongzhou, Qidong, Rudong

2.
Sales target for the first three months

Month
 
January
 
February
 
March
Sale
 
1000,000
 
3000,000
 
600,000

 

3.
The trial period is the first three months after the Contract is conducted.
Where Party B can not complete the targets for the first three months or the
minimal sales volume, Party A is entitled to cancel Party B’s right of general
dealer.

 

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4.
Half year after the Contract is conducted, Party A is entitled to make
adjustment to the sales volume in accordance with the market and discuss new
sales target with Party B.

5.
Others

a If Party B completes the month target, Party A shall provide to Party B 2.5%
commission for advertising expense each month
b If the Party B’s payment to Party A exceeds 1 million yuan, Party A shall
offer Party B 5000 yuan as labor fee.

Article 8 After-sales Service
Service and test standards are provided in Party A’s Quality & Technology
Agreement. Under the principle of proximity, local office of Party A is
responsible for the after-sales service of the products distributed by Party B
(battery test, judgment, change or return) and the training for Party B’s
maintenance staff. Both parties shall build together the brand image of Chisen
battery.

Article 9 Breach Liability
The Party in breach shall be liable for the breach in accordance with the
Contract Law.

Article 10 Settlement of Dispute

1.
Any dispute arising during the execution of this Contract shall be settled
through negotiation. If no settlement is reached, the dispute shall be submitted
to People’s Court where the Supplier locates.

2.
This Contract comes into effect after being signed /sealed by both parties.
During the execution of this Contract, neither party may change or cancel this
Contract.

3.
Any other matters unspecified in this Contract could be solved by signing a
supplementary agreement. The supplementary agreement and this contract are
equally valid

Article 11 Others

1.
The batteries that Party A sells to Party B are goods with strict guarantee
period and shall be assembled and sold timely

2.
Party B ensures that it sells the Products provided by Party A at price not
lower than the manufacturer's price within its domain.

3.
This Contract shall enter into effect after being signed /sealed by both
parties. During the execution of this Contract, neither party may change the
term of the Contract. The Contract is made in duplicate, with each party holding
one.

4.
The price of this Contract may be adjusted with the market. Variation and shall
be set after confirmed by both Parties.

5.
The product manual shall be provided to users. Installation, use or maintenance
shall strictly comply with the product manual.

6.
Any unsettled case shall be solved through negotiation..

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Party A: Changxing Chisen Electric Co., Ltd. (seal)
/s/ Authorized Representative
February 17th, 2008

Party B: Song Chunwei (signature)   /s/ Authorized Representative
February 17th, 2008
 

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