Contract of Purchases and
Sales of Products

    


    Party
A:
Tianjin
Daxing Import &
Export Trade
Co.,
Ltd.

    Party B:
Liaoning Joway Technology
Engineering Co., Ltd.

    On the
principle of cooperation
and win-win
results on the basis of fairness, honesty,
trust,
equal
cooperation and mutual benefit,Party A and
Party B reach
the following consensus
through full
consultations with respect
to Party
B’s
authorization to
Party A
as
procurement agent of
control
valves (multiport
valves) in
accordance with the Contract
Law of
the
People's Republic of
China and its
related laws.


    


    1. Product

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              	
                                                      No.

                                                    	 	
                                                      Product
      Name

                                                    	 	
                                                      Specification

                                                    	 	
                                                      Unit

                                                    	 	
                                                      Unit Price

                                                      (
      Tax

                                                      Included)

                                                    	 	
                                                      Quantity

                                                    	 	
                                                      Amount

                                                      (Yuan)

                                                    
	
                                                      1

                                                    	 	
                                                      Manually Operated Valve

                                                    	 	
                                                      F56E1-1

                                                    	 	
                                                      set

                                                    	 	 
      	 	 
      	 	 
      
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                                      2

                                                    	 	
                                                      Water
      Distributor

                                                    	 	
                                                      General

                                                    	 	
                                                      set

                                                    	 	 
      	 	 
      	 	 
      
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                                      3

                                                    	 	
                                                      Central Tube

                                                    	 	
                                                      Φ27mm

                                                    	 	
                                                      piece

                                                    	 	 
      	 	 
      	 	 
      
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                                      4

                                                    	 	
                                                      Water
    Cylinder

                                                    	 	
                                                      Φ365mm

                                                    	 	
                                                      piece

                                                    	 	 
      	 	 
      	 	 
      
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                                      6

                                                    	 	
                                                      Reducing
    Valve

                                                    	 	
                                                      4kg

                                                    	 	
                                                      piece

                                                    	 	 
      	 	 
      	 	 
      
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                                      Total

                                                      Amount

                                                    	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      


                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    


    2. Mode

    Party B entrusts Party A with commodity purchases. Due to price changing with the market, the current settlement price including VAT and freight is determined via bilateral negotiation.

    


    
      3.    
After-Sales Quality and
Service

    

    The shelf life of the products supplied
by Party A to Party B is 1 year (which can be extended to 18 months depending on the date code in valve
body).  Party A shall change for new products or provide maintenance accessories free of charge(returning products through logistics ,excluding express delivery) in case there is any
defect or quality problem
resulting from products
manufacturing in the warranty period. Party A shall provide free maintenance on the products beyond the warranty period or product defects caused by improper use
of party B (the third party), but spare parts and in-transit freight
shall be settled separately. Business involving returning goods
shall be confirmed via
faxes with reasons
indicated; otherwise it shall not be done.


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    4. Arbitration

    Any disputes arising from the performance of the contract between both parties
that cannot be settled via negotiation on the
principle of amicable consultations shall be submitted to the arbitration
authority in
Tianjin.

    


    5. This contract is executed in duplicate, one
for each, and shall enter into force
after being signed and
sealed by both parties. This contract shall take effect as of October 1, 2008 and shall expire on September
30,
2009.

    


    Party
A: Tianjin
Daxing Import &
Export
Trade
Co.,
Ltd.

    /Stamp/ Tianjin
Daxing Import &
Export Trade
Co.,
Ltd.

    Attorney:

     

    Address: No.8
Huatiandao
Road,Tianjin


    


    Party
B: Liaoning Joway Technology Engineering
Co., Ltd.

    /Stamp/ Liaoning Joway Technology Engineering
Co., Ltd.

    Attorney:

    Address:
Clothing Park, Shaling Town, Yuhong District, Shenyang