Document:

ex10-64.htm

Exhibit 10.58

 

 

Certain portions of this exhibit have been omitted pursuant to Rule 24b-2 and are subject to a confidential treatment request. Copies of this exhibit containing the omitted information have been filed separately with the Securities and Exchange Commission. The omitted portions of this document are marked with a ***.

Purchasing & Sales Contract

 

	
Supplier: Zhuhai Yintong Energy Co., Ltd.
	
 

	
 
	
 

	
Buyer: Northern Altairnano Co., Ltd.
	
Date of Signing: January 6, 2013

 

In order to promote the energy saving and emission reduction work of Wu’an, develop green transport and drive the overall development of new-energy automobile industry of the city, the Supplier will supply to the Buyer, at a preferential price better than that of similar products in market, 165 buses, including 90 all-electric buses of 7.5 meters long, 45 all-electric buses of 10.5 meters long and 30 LNG buses of 10.5 meters long, with the specific terms and conditions as follows:

 

Product Name, Brand, Model, Manufacturer, Delivery Time & Quantity

 

	
Product Name
	
Brand
	
Manufacturer
	
Unit
	
Unit Price (RMB Yuan)
	
Quantity (Buses)
	
Amount (RMB Yuan)
	
Delivery Time & Quantity

	
7.5M Electric Bus
	
Guangtong
	
Guangtong
	
Buses
	
***
	
90
	
***
	

See Article VI

of the

Contract ***

	
10.5M Electric Bus
	
Guangtong
	
Guangtong
	
Buses
	
***
	
45
	
***

	
10.5M LNG Bus
	
Guangtong
	
Guangtong
	
Buses
	
***
	
30
	
***

	
 

Total Amount (Tax Included): RMB *** Yuan (In Words: RMB ***)

 

 

	
I.
	
Quality requirements, technical standards, conditions and time limit on and within which the Supplier shall be responsible for product quality: Delivery shall be made according to the original quality and technical standards. One-year guarantee for the body from the date of delivery; three-year guarantee for LiFePo4 batteries and the drive system components of the all-electric buses with LiFePo4 batteries; five-year guarantee for Li4Ti5O12 batteries and the drive system components of the all-electric buses with Li4Ti5O12 batteries. The Supplier shall bear no responsibility for any component damage caused by usage under abnormal conditions by the Buyer. 

 

 

1

 

 

	
II.
	
Quality standards: Meet relevant quality standards and requirements of the State and the industry. 

 

	
III.
	
Point of departure: Zhuhai

 

	
IV.
	
Point of delivery: Wu’an

 

	
V.
	
Mode of transport, arrival station & expense bearing: Motor transport, with the freight borne by the Buyer. 

 

	
VI.
	
Delivery time, quantity and price

	
Time
	
Model
	
Quantity 

(Buses)
	
Price (RMB Yuan)

	
2013
	
February
	
7.5m all-electric bus
	
10
	
***

	
June
	
10.5m LNG bus
	
30
	
***

	
December
	
10.5m all-electric bus
	
15
	
***

	
2014
	
June
	
7.5m all-electric bus
	
40
	
***

	
December
	
10.5m all-electric bus
	
15
	
***

	
2015
	
June
	
7.5m all-electric bus
	
40
	
***

	
December
	
10.5m all-electric bus
	
15
	
***

 

	
VII.
	
Term of payment:

	 	
1.
	
After signing of the contract, the Buyer shall pay RMB*** to the Supplier before taking delivery in 2013; from 2014, the Buyer shall pay for the products supplied in the current year to the Supplier before the end of March each year. 

	 	
2.
	
The specific quantity and time for delivery shall be subject to the paid-up amount.

 

	
VIII.
	
Acceptance standard: In case of any objection to the appearance quality of the products at the time of acceptance, the Buyer shall raise it on the spot. See the attached table for specific configuration. 

 

	
IX.
	
The Supplier offers “three guarantees” (for repair, replacement and compensation of faulty products) for its products. See Product Quality Manual and After-sales Service Manual of Guangtong for details. Quality assurance is subject to national standards. 

 

 

2

 

 

	
X.
	
Liabilities for breach of the Contract: Subject to relevant laws and regulations of the State.

 

	
XI.
	
Settlement of disputes: Negotiation or arbitration.

 

	
XII.
	
The Contract is made out in quadruplicate and shall come into effect upon signing and sealing of both parties. The effectiveness shall continue for three years from the date of signing. 

 

	
XIII.
	
Other agreements

 

	 	
1.
	
Any other matters related to the Contract shall be settled in separate agreements through negotiation by both parties.

	 	
2.
	
The Contract shall come into effect from the date of signing and sealing. It is made out in quadruplicate, with each party holding two copies, and each copy shall have the same legal effect as the original.

	 	
3.
	
The following appendices shall have the same legal effect as the Contract:

Appendix I GT6750E 7.5M All-electric Minibus – Effect Picture

Appendix II GT6750E 7.5M All-electric Minibus – Seating Arrangement Plan

Appendix III GT6750E 7.5M All-electric Minibus – Technical Parameters

Appendix IV GT6750E 7.5M All-electric Minibus – List of Vehicle Configurations

Appendix V GT6105E 10.5M All-electric Bus – Effect Picture 

Appendix VI GT6105E 10.5M All-electric Bus – Seating Arrangement Plan

Appendix VII GT6105E 10.5M All-electric Bus – Technical Parameters

Appendix VIII GT6105E 10.5M All-electric Bus – List of Vehicle Configurations

Appendix IX Guangtong 10.5M LNG Bus – Effect Picture

Appendix X Guangtong 10.5M LNG Bus – Technical & Service Requirements

Appendix XI Requirements on Purchase Price of Vehicle Battery

 

	
Supplier (Seal): 

Company Name: Zhuhai Yintong Energy Co., Ltd. 

(Seal)

Company Address:

Legal Representative: (Signature)

Entrusted Agent:

Tel:

Fax:

Bank of Deposit:

Account No.: 
	
Buyer (Seal): 

Company Name: Northern Altairnano Co., Ltd. 

(Seal)

Company Address:

Legal Representative: (Signature)

Entrusted Agent:

Tel:

Fax:

Bank of Deposit:

Account No.:

	
Date of Signing: January 6, 2013
	
Date of Signing: January 6, 2013

 

 

3ex10-64.htm

Exhibit 10.59

 

 

Product Purchases and Sales Contract 

 

	
Supplier: Northern Altair Nanotechnologies Co., Ltd. 
	
Contract No.: YTXS-20121022A 

	
Buyer: Wu'an Transport Bureau 
	
Signing time: January 6, 2013 

 

In order to better drive energy conservation and emission reduction in Wu'an City and greatly develop the green traffic at the same time, and also in order to drive the overall development of the new energy automobile industry in Wu'an City. According to the purchases and sales contract signed between Altair Nanotechnologies (China) Co., Ltd. and Wu'an Transport Bureau in April 2012, Supplier shall provide a total of 165 buses including 90 electric buses of 7.5 m, 45 pure electric buses of 10.5 m and 30 LNG buses of 10.5 m for Buyer in the price superior to that of the similar products in the market; the specific purchase contents are as follows: 

 

Product name, trademark, model, manufacturer, supply time and quantity 

 

	
Product name 
	
Trademark 
	
Manufacturer 
	
Unit 
	
Unit price (ten thousand Yuan) 
	
Quantity (Nr.) 
	
Total amount (ten thousand Yuan) 
	
Delivery time and quantity 

	
Electric bus of 7.5 m 
	
Guangtong 
	
Guangtong 
	
Nr. 
	
¥75 
	
90 
	
6750 
	
See Article 6

in the Contract 

	
Electric bus of 10.5 m 
	
Guangtong 
	
Guangtong 
	
Nr. 
	
¥160 
	
45 
	
7200 

	
LNG bus of 10.5 m 
	
Guangtong 
	
Guangtong 
	
Nr. 
	
¥53 
	
30 
	
1590 

	
The total amount (tax inclusive) is RMB155,400,000 (RMB One Hundred Fifty-five Million Four Hundred Thousand Only in words) 

 

	
I. 
	
Quality requirements technical standard, conditions and term of the supplier to be responsible for quality: Deliver the goods according to the quality and technology standards of the original factory; from the delivery date, the warranty period for the vehicle body shall be one year, and the warranty period for the lithium iron phosphate battery and parts of the pure electric bus driving system equipped with lithium iron phosphate battery shall be three years. The warranty period for the LTO battery and parts of the pure electric bus driving system equipped with the LTO battery shall be five years. If the parts damage is caused by Buyer's use in the abnormal condition, it will not be within Supplier's warranty obligation and responsibility. 

 

	
II. 
	
Quality standard: it conforms to the national and industrial related quality standards and requirements. 

 

	
III. 
	
Shipments place: Zhuhai City 

 

	
IV. 
	
Delivery place: Wu'an 

 

	
V. 
	
Mode of transportation, arrival port and expense burden: Transported by automobile, and Buyer shall be responsible for the freight. 

 

 

1 

 

 

	
VI. 
	
Supply time, quantity and price 

 

	
Time 
	
Vehicle model 
	
Quantity (Nr.) 
	
Price (ten thousand yuan) 

	
 
	
February 
	
Pure electric bus of 7.5 m 
	
10 
	
750 

	2013	
June 
	
LNG bus of 10.5 m 
	
30 
	
1590 

	  	
December 
	
Pure electric bus of 10.5 m 
	
15 
	
2400 

	
2014
	
June 
	
Pure electric bus of 7.5 m 
	
40 
	
3000 

	
December 
	
Pure electric bus of 10.5 m 
	
15 
	
2400 

	
2015
	
June 
	
Pure electric bus of 7.5 m 
	
40 
	
3000 

	
December 
	
Pure electric bus of 10.5 m 
	
15 
	
2400 

 

	
VII. 
	
Settlement mode and term: 

 

1 Before signing this Contract, Buyer paid RMB 12,000,000 to Supplier in advance as the supply down payment for 2013, and Buyer shall pay the remaining payment for goods in twice before picking up the goods in June and December 2013. 

 

2 From 2014, Buyer shall pay 30% of the total supply value of the current year as the down payment to Supplier by the end of every March, and Buyer shall pay the remaining payment for goods to Supplier before picking up the goods every time. 

 

3 The specific supply quantity and time shall subject to the down payment. 

 

	
VIII. 
	
Acceptance Standards: Buyer shall put forward the objections on the appearance quality on the scene when the acceptance is conducted; for the specific configuration, see the attached list. 

 

	
IX. 
	
Supplier shall execute "thee guarantees" for products sold; for the specific content, see Guangtong's product quality manual and after-sales service manual; the quality guarantee shall be executed according to the national standards. 

 

	
X. 
	
Liability for Breach of Contract: to be settled according to the national related laws and regulations. 

 

	
XI. 
	
Methods of settling contract dispute: to be negotiated for settlement or to be arbitrated. 

 

	
XII. 
	
This Contract is in quadruplicate and will take effect after both parties' signatures and seals on it; the validity period shall be three years from the contract signing date. 

 

	
XIII. 
	
Other matters agreed: 

 

1. For the matters associated and extended by this Agreement, the specific scheme shall be negotiated by both parties and signed separately. 

 

2. This agreement will take effect from the date of signature and seal; it is in quadruplicate and each party has two copies, which have the same legal effect. 

 

 

2 

 

 

3. Appendix I GT6750E Type Pure Electric Minibus of 7.5 m-Effect Picture, Appendix II GT6750E Type Pure Electric Minibus of 7.5 m-Seat Arrangement Picture, Appendix III GT6750E Type Pure Electric Minibus of 7.5 m- Technical Parameters, Appendix IV GT6750E Type Pure Electric Minibus of 7.5 m-Vehicle Configuration List, Appendix V GT6105E Type Pure Electric Coach of 10.5 m-Effect Picture, Appendix VI GT6105E Type Pure Electric Coach of 10.5 m-Seat Arrangement Picture, Appendix VII GT6105E Type Pure Electric Coach of 10.5 m-Technical Parameters, Appendix VIII GT6105E Type Pure Electric Coach of 10.5 m-Vehicle Configuration List, Appendix IX Guangtong LNG Bus of 10.5 m- Effect Picture, Appendix X Guangtong LNG Bus of 10.5 m- Technology and Service Requirements and Appendix XI Finished Vehicle Battery Purchase Price Requirements. And those appendixes have the equal legal effect with this Agreement. 

 

	
Supplier (sealed): 
	
Buyer (sealed): 

	
Unit Name: Northern Altair Nanotechnologies Co., Ltd. 
	
Unit Name: Wu'an Transport Bureau 

	
Unit Address: 
	
Unit Address: 

	
 

 

Legal representative: 

Entrusted agent:
		
 

 

Legal representative: 

Entrusted agent: 
	
	
Tel: 
	
Tel: 

	
Fax: 
	
Fax: 

	
Opening bank: 
	
Opening bank: 

	
Account No.: 
	
Account No.: 

	Signing date: January 6, 2013	Signing date: January 6, 2013

 

       

3

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