Document:

Exhibit 10.5

 

Government
Procurement Contract

 

Project
Name: Information Engineering in the Upgraded Reconstruction Project for the Comprehensive Bonded Zone of Chenzhou Export
Processing Area

Commissioning
(Party A): Chenzhou High-tech Investment Holding Co., Ltd

Commissioned
Party (Party B): Zhuhai PowerBridge Technology Co., Ltd 

Signature
Date: September 22, 2017 

Signature
Address: Chenzhou High-tech Zone 

Period
of Validity: ________________

 

     

     

    

 

Commissioning (Party A): Chenzhou High-tech Investment Holding Co., Ltd 

Address:
Bailutang Town, Suxian District, Chenzhou City, Hunan 

Legal
Representative:  ____________________

Project
Contact Person: Wang Xingwen 

Contact
information: 136-1735-1136 

E-mail:
649264514@qq.com 

Correspondence
Address: Bailutang Town, Suxian District, Chenzhou City, Hunan 

Telephone:
0735-2654886  Fax: __________

Commissioned
Party (Party B): Zhuhai PowerBridge Technology Co., Ltd 

Address:
Floor D-1, Southern Software Park, No. 1, Software Park Road, Tangjiawan, Zhuhai

Legal
Representative: BAN LOR 

Project
Contact Person: Du Zhi 

Contact
information: 13647416512 

E-mail:
Zhidu@powerbridge.com 

Correspondence
Address: Floor D-1, Southern Software Park, No. 1, Software Park Road, Tangjiawan, Zhuhai

Telephone:
0756-3395666  Fax: 0756-3395667 

Service
Hotline: 400-885-4114 

Bank
Name: Bank of Communications Zhuhai Branch Xiangzhou Sub-branch 

Account
Name: Zhuhai PowerBridge Technology Co., Ltd 

Bank
Account: 444000091018000745538 

 

    2 

     

    

 

After
the government procurement tender procedure, Party A accepts the bid Party B for the project and determines Party B as the construction
unit for the Information Engineering in the Upgraded Reconstruction Project for the Comprehensive Bonded Zone of Chenzhou Export
Processing Area. In accordance with the Contract Law of the People's Republic of China, the Copyright
Law of the People's Republic of China and other relevant laws and rules, and on the basis of consensus reached through
full consultations in the principle of mutual understanding and equal cooperation, Party A and Party B come to agreement for relevant
affairs about the Project and hereby authorize their respective representatives to sign the Contract (hereinafter short for “the
Contract) with below terms and conditions.

 

		1	Procurement
                                         Scope and Content

 

		1.1	Procurement
                                         Name: Party B shall supply deliverables in the Information Engineering in the Upgraded
                                         Reconstruction Project for the Comprehensive Bonded Zone of Chenzhou Export Processing
                                         Area (refer to the Project Equipment List for detailed information)
                                         As for the detailed information about the final software and hardware list, Party B shall
                                         investigate and analyze the demands of Party A according to the actual requirements of
                                         the Project after the kick-off of the Project. Both parties shall work together to confirm
                                         the software functions, hardware facilities, hardware configuration and service items
                                         and perform supplements and improvement for relevant Schedules of the Contract like technical
                                         specification. Upon the confirmation of Customs, inspection and quarantine department
                                         and other relevant acceptance check authorities, Party A and Party B shall then sign
                                         to confirm the final version of Project Equipment List and Software
                                         Function Confirmation Letter to guarantee that the project could reach the acceptance
                                         requirements of Changsha Customs, State Administration for Entry-Exit Inspection and
                                         other relevant authorities.

 

		1.2	In
                                         the event that the purchasing quantity in the Project Equipment List and
                                         Software Function Confirmation Letter confirmed by Customs, inspection
                                         and quarantine department and other relevant acceptance check authorities is not consistent
                                         with the actual use quantity, Party A will negotiate with Party B to sign a supplementary
                                         contract without making any changes to other terms and conditions of the Contract. Party
                                         B shall supply goods according to the actual use quantity of the Project. Both parties
                                         shall calculate the final settlement amount according to the actual use quantity or actual
                                         engineering quantity of the Project. The final amount determined should not be 10% higher
                                         than the bidding price.

 

		1.3	Equipment
                                         procurement content: overall construction and development and application of relevant
                                         software (including the purchasing of materials and equipment, installation and commissioning);
                                         purchasing, installation and commission for equipment in basic equipment engineering;
                                         purchasing, installation and commissioning of safety prevention engineering equipment;
                                         purchasing and construction of equipment and materials in smart card port works; purchasing
                                         and installation of hardware for application system engineering.

 

		2	Contract
                                         Price

 

	No.	Item
    Contents	Price
    (Yuan)
	6	Hardware
    equipment procurement	¥15,269,100.00
	2.	Software
    development and technical service fee	¥7,096,900.00
	Total
    Contract Amount: RMB Twenty-two Million Three Hundred and Sixty-six Thousand Yuan in Total	¥22,366,000.00

 

 

    3 

     

    

 

		3	Delivery
                                         Requirements

3.1   
Date of Delivery: reach the acceptance criteria within 60 days after the distribution date of the Letter of Acceptance

3.2   
Place of Delivery: place designated by the Owner.

3.3   
Delivery method: On-site construction and training

3.4   
Delivery Requirements: subject to the acceptance results of Changsha Customs, State Administration for Entry-Exit Inspection and
other relevant authorities.

 

		4	Quality
                                         Guarantee Deposit for the Project

 

		4.1	After
                                         the acceptance of the Project, the amount equivalent with 5% of the contract amount will
                                         be used as the quality guarantee deposit. Upon the maturity of the warranty period, Party
                                         A shall refund the corresponding amount to Party B according to terms and conditions
                                         of the Contract.

 

		5	Quality
                                         Assurance and After-sales Services

 

		5.1	Warranty
                                         Period:

 

Party
B shall provide the free warranty period of one year, commencing from official acceptance of relevant joint-acceptance check units
like Customs.

 

		5.2	In
                                         the warranty period, Party B shall assume quality assurance liabilities for all software
                                         and hardware supplied by it, without any additional charge to Party A.
	 	 	 
		5.3	In
                                         the event that any software and hardware supplied by Party B has any quality problems
                                         in the using process, Party B shall provide response to Party A within 8 hours upon the
                                         receiving of the fault notice. In case of necessity in the belief of Party A, Party B
                                         shall come to the site to resolve such quality issues.

 

		5.4	In
                                         the warranty period, Party B is responsible for repairing errors in the software system,
                                         through software patch.

 

		5.5	In
                                         purchasing any components, Party B shall require the supplier to provide and same warranty
                                         period and supply spare parts and professional repair services at favorable prices. In
                                         case of any fault of the system due to quality defects of system hardware, Party B shall
                                         take charge of the maintenance, repair and technical supports. If required, Party B shall
                                         contact the manufacturer to repair or replace the corresponding parts. Non-intentional
                                         damages and damage arising in the normal using scope should be repaired for free. No
                                         separate expense should be charged for such services.

 

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		5.6	Within
                                         the scope of the bidding documents, if Party A believes that the hardware purchased by
                                         Party B does not meet the technical requirements of Party A, both parties shall negotiate
                                         with each other according to the actual situations and handle according to below methods:

 

		(1)	Replace:
                                         Party B shall bear all expenses incurred;

		(2)	Handle
                                         at depreciated value: both parties shall negotiate to determine the price;

		(3)	Reject
                                         the products: if the quality of the hardware still fails to reach the requirements of
                                         Party A after the efforts of Party B and its suppliers, Party A shall provide a written
                                         notice and describe the reasons if it would like to reject the product. Upon the agreement
                                         of Party B, Party A could require Party B to refund the corresponding amount. In such
                                         cases, Party A could also require Party B to undertake all relevant direct expenses (transportation
                                         expenses, insurance expense, inspection expenses, interest of the contract price, banking
                                         service charges and so forth).

 

		5.7	Party
                                         B’s failure in fulfilling the above obligations in the warranty period would be
                                         deemed as breach of contract. In such cases, Party A shall also have the right to investigate
                                         Party B's relevant responsibilities.

 

		5.8	After-sales
                                         maintenance period shall commence upon the completion of the platform construction. Both
                                         parties shall negotiate and sign a project maintenance service agreement one month before
                                         the maturity of the warranty period. The annual maintenance fee is subject to the accumulated
                                         service amount. To facilitate Party B in providing professional services, the specific
                                         service responsibilities and service scope shall be defined in the agreement reached
                                         through friendly negotiation.

 

		6	Payment
                                         Stages

	No.	Payment
    Basis and Date	Amount
    (Yuan)
	1	Pay
    30% of the total contract amount within five working days upon the signature of the Contract.;	¥6,709,800.00
	2.	Pay
    20% of the total contract amount within 5 working days upon the receiving of the payment request from Party B after 80% of
    the equipment has arrived at the site	¥4,473,200.00
	3	Pay
    20% of the total contract amount within 5 working days upon the receiving of the payment request from Party B after the Project
    passes the official acceptance of Customs and other joint-acceptance check unit	¥4,473,200.00
	4	Pay
    the amount to reach 95% of the fiscal audited amount within 5 working days upon the receiving of the payment request from
    Party B after the completion of the fiscal audit	¥5,591,500.00
    (estimated)
	5	Pay
    the balance within 5 working days upon the receiving of the maturity of the warranty period after the Project passes the official
    acceptance of Customs and other joint-acceptance check unit	¥1,118,300.00
    (estimated)
	Total	 In
    Capital: RMB Twenty-two Million Three Hundred and Sixty-six Thousand Yuan in Total	¥22,366,000.00

 

    5 

     

    

 

		7	Responsibilities
                                         and Obligations of Party B

 

7.1   
Work contents to be jointly undertaken by Party A and Party B:

 

		(1)	The
                                         Project shall be completed under the cooperation of both parties. Both parties shall
                                         constitute a project management team. Party A and Party B shall designate their respective
                                         project responsible person to participate in the whole process of the platform construction
                                         and assume the corresponding responsibilities associated with the Project.

		(2)	Complete
                                         the investigation and analysis for the project demands and the overall planning and design
                                         of the Project, and confirm the Project Equipment List and Software
                                         Function Confirmation Letter.

		(3)	All
                                         critical items of the Project should be communicated between both parties in written.
                                         All amendments and supplement about the Project should be confirmed by both parties in
                                         written.

		(4)	Complete
                                         the preparation of working plan and objectives for various stages, confirmation for the
                                         completed tasks, and the acceptance check and final confirmation of software and hardware.

 

7.2   
Work contents to be undertaken by Party A:

 

		(1)	Party
                                         A shall designate responsible person for the Project to take charge of coordinating resources
                                         of party A and relevant third parties (including users of the platform) to cooperate
                                         with Party B in implementing relevant project work, providing the basic environment and
                                         required conditions for the implementation of the Project, and performing confirmation
                                         and making timely decisions for specific events of the Project on behalf of Party A.
                                         Party B will take the information and decision-making opinions provided by project manager
                                         of Party A as the basis for the implementation of the Platform. Party A shall be liable
                                         for the data, information materials and decision-making opinions of its project manager,
                                         and assume the relevant responsibilities and consequence of its decisions.

		(2)	Take
                                         charge of the management of the platform project, organize personnel of relevant departments
                                         in participating in the project, and maintain the relationship with the governmental
                                         authorities and relevant supervision departments.

		(3)	Take
                                         charge of checking, supervising and accepting the delivery of software and hardware in
                                         various stages, and completing the acceptance check of the platform.

 

7.3   
Work contents to be undertaken by Party B:

 

		(1)	Perform
                                         Party B's duties and responsibilities in accordance with the project plan and project
                                         objectives.

		(2)	Conduct
                                         a detailed investigation for the platform demands of of Party A, provide implementation
                                         proposal for the construction of the platform, which shall be taken as the guiding document
                                         of the project construction after final confirmation of both parties.

		(3)	Provide
                                         hardware facilities and equipment required by the platform, set up the network system,
                                         construct the computer room and guarantee the application and sound operation of the
                                         platform.

		(4)	Take
                                         charge of the technological research and development of the platform and development
                                         of corresponding applications, arrange tests, provide startup services, on-line operation
                                         services, system initialization services and technical supports, and arrange training
                                         programs about software application to personnel of Party A, and provide professional
                                         implementation and services.

 

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		8	Property
                                         Rights

 

		8.1	Party
                                         B guarantees that the software and hardware provided will not infringe the patent, trademark
                                         or copyright of any third party.

 

		8.2	The
                                         intellectual property rights in the final result of the customized software commissioned
                                         by Party A to Party B in this contract shall be jointly owned by Party A and Party B.
                                         Technical achievements and intellectual property rights already owned by Party B before
                                         undertaking the Project are exceptional to the above provisions. Party A shall have the
                                         permanent use right of the Project.

 

		9	Technical
                                         Materials

 

9.1   
Within the scope of the Contract, Party A will provide Party B with the relevant technical requirements about the goods to be
purchased.

 

9.2   
Party B shall provide Party A with relevant technical materials for the use of the goods within the time specified in the procurement
documents.

 

		9.3	Without
                                         the prior written consent of both parties, neither party may provide clauses, specification,
                                         plan, drawings, samples or materials of the Contract or in connection with the Contract
                                         provided by the other party to any person irrelevant with the performance of the Contract.
                                         In the event of disclosure made to personnel in connection the performance of the Contract,
                                         Party B shall still fulfill the confidentiality obligation and limit such disclosure
                                         within the necessity for the performance of the Contract.

 

		10	Collaboration
                                         Matters at Various Stages of the Project

 

10.1
Methods for Equipment Delivery, Installation and Commissioning, System Deployment and Project Acceptance Check

 

		1)	Equipment
                                         Delivery

 

		2	Party
                                         B shall, before shipment of the goods, request the supplier to provide packages that
                                         could meet the requirements about the transportation, moisture resistance, shock resistance,
                                         rust prevention and damage prevention in loading and unloading and so forth for the goods
                                         to ensure the goods could be delivered to the designated place of Party A in a intact
                                         and safe manner.

		2	Party
                                         B shall require its suppliers to deliver the user manual, quality certificate, warranty
                                         documents, accompanied parts and tools and list of the goods together with the goods.
                                         Party B shall submit equipment delivery list and relevant documents to Party A.

 

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		2	Party
                                         B shall inform Party A 24 hours before the arrival of the goods at designated place of
                                         Party A to ensure Party A has sufficient time to arrange the acceptance of the equipment.
                                         Party B shall also inform the arrival of the goods to Party A. Party B shall be liable
                                         for the risks arising before the goods are delivered to Party A.

		2	Party
                                         A shall, within five working days, carry out arrival inspection, confirmation and receipt
                                         signature for the equipment delivered by Party B according to relevant regulations. In
                                         the event that the appearance and specification of the goods fails to conform to relevant
                                         requirements or Party A has any objections to quality of the goods, Party A shall issue
                                         a written notice to Party B within five working days upon the arrival of the goods. In
                                         such cases, Party B shall handle and feedback to Party A in time. No refusal and delay
                                         are permitted. The absence of written objection notice would be deemed as completion
                                         of the equipment delivery.

 

		2)	Installation
                                         and Commissioning of Equipment:

 

		2	Within
                                         the scope of the terms and conditions of this contract, Party B shall arrange installation
                                         and commissioning for the equipment according to designated requirements of Party A,
                                         and submit equipment delivery list and relevant documents to Party A.

		2	Party
                                         A shall make fundamental environment and required conditions for the installation of
                                         the equipment in time.

		2	Party
                                         A shall confirm the equipment deployed by Party B within five working days. In case of
                                         any objections to equipment deployed by Party A, Party A shall, within five working days,.
                                         Issue a written notice to Party B. In such cases, party B shall arrange amendment and
                                         improvement for the installation and deployment of the equipment. No delay or refusal
                                         of Party B would be accepted. The absence of written objection notice would be deemed
                                         as completion of the equipment installation and commissioning.

 

		3)	System
                                         Deployment:

 

		2	In
                                         accordance with the terms and conditions of this contract, Party B shall arrange installation
                                         and deployment of the system according to designated requirements of Party A, and submit
                                         equipment delivery list and relevant documents to Party A.

		2	Party
                                         A shall confirm the software functions deployed by Party B within five working days.
                                         In case Party A has any objections to the software system installed and deployed by Party
                                         B, Party A shall, within five working days, issue a written notice to Party B. In such
                                         cases, Party A could require Party B to arrange amendment and improvement for the software
                                         functions. No delay or refusal of Party B would be accepted. The absence of written objection
                                         notice from party A would be deemed as completion of the deployment for the system.

 

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		4)	Acceptance
                                         Check of the Project

 

		2	As
                                         the final stage of project construction, project acceptance will be initiated after Party
                                         B completes equipment delivery, equipment installation and commissioning, software system
                                         deployment and trial operation. Party A organizes relevant personnel to perform acceptance
                                         check for the overall operation status of the Project.

		2	On
                                         the basis of the scope and commitments described in the tender and bid documents of the
                                         Project, and the specification documents, technical indicators, quality indicators and
                                         other Project information in the Project Equipment List and Software
                                         Function Confirmation Letter confirmed by both parties, Party B shall prepare
                                         relevant acceptance check documents for the Project according to technical requirements
                                         of Party A and regulations in applicable national standard or industry standard. These
                                         acceptance check documents should be submitted to Party A, who would take them as the
                                         basis for the acceptance check of the Project.

		2	At
                                         the time of acceptance check, both Party A and Party B should present at the site. Acceptance
                                         check result report should be issued upon the completion of the acceptance check, which
                                         shall be confirmed by signatures and seals of both parties.

		2	Party
                                         B shall arrange professional training for Party A. Party A shall arrange and organize
                                         its personnel to participate in professional training programs arranged by Party B. The
                                         training contents shall cover the application, maintenance and operation of the system.

 

5)
Subject to the acceptance results of Changsha Customs, State Administration for Entry-Exit Inspection and other relevant authorities.

 

		11	Liabilities
                                         for Breach of Contract

 

		11.1	Within
                                         the scope of the Contract, Party B shall supply goods in accordance with the Project
                                         Equipment List and Software Function Confirmation Letter. Party
                                         A’s rejection of goods without any just cause and written rejection notice would
                                         be deemed as Party A’s breach of contract. In such cases, Party A shall pay liquidated
                                         damage at the amount of 5% of the value of the goods rejected.

 

		11.2	After
                                         completing any staged work specified in the Contract, Party B shall send an official
                                         notice to Party A. If Party A fails to pay any contract price to Party B without any
                                         reasonable cause, Party A shall pay the liquidated damage at the amount equivalent with
                                         0.05% of the overdue amount for each day delayed. In case the overdue period is more
                                         than 20 working days, Party A would be deemed as breach of contract. In case of breach
                                         of contract of Party A, Party A shall pay Party B a liquidated damage at the amount of
                                         5% of the total contract value. If Party B's loss exceeds the liquidated damages, Party
                                         A shall continue undertaking the compensation liability.

 

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		11.3	In
                                         the event that Party A fails to provide the basic facilities and required conditions
                                         for the installation of the equipment and system, or fails to settle the contract payment
                                         in time and in full amount according to terms and conditions of the Contract, Party A
                                         shall be liable for relevant liabilities and consequences, including loss of Party B
                                         arising from delay in the project progress caused by such failure of Party A.

 

		11.4	In
                                         the event that Party B fails to deliver goods on time for reasons other than fault of
                                         Party A, Party B shall pay liquidated damage at the amount of 0.05% of the amount of
                                         the delayed goods. Party B would be deemed as breach of contract if it fails to deliver
                                         the goods for more than 20 working days after the due date specified in the Contract.
                                         In case Party B has such behaviors in breach of contract, Party B shall pay Party A a
                                         liquidated damage at the amount of 5% of the total contract amount.

 

		11.5	If
                                         the variety, model, specification, technical parameters and quality of goods delivered
                                         by Party B fail to conform to provisions of the Contract and standards specified in the
                                         Goods Demand List of the tender document, Party A has the right to reject the goods.
                                         If Party B agrees to replace the goods but delays in the delivery, Party A would handle
                                         according to provisions about delay in delivery. In case Party B refuses replacing goods,
                                         Party A has the right to terminate the Contract without the consent of Party A. Written
                                         notices should be used in such process as basis.

 

		12	Handling
                                         of Force Majeure Events

 

		12.1	In
                                         the term of the Contract, the performance period could be postponed if either party fails
                                         to perform the Contract due to the occurrence of any force majeure event. The period
                                         postponed should be same with the influencing period of the force majeure event.

 

		12.2	After
                                         the occurrence of such event, the affecting party shall inform the other party immediately,
                                         and send certificate issued by relevant authorities.

 

		12.3	If
                                         the force majeure event continues for more than 120 days, both parties shall make decision
                                         about whether to continue performing the Contract through friendly negotiation.

 

		13	Supplementary
                                         Rules

 

		13.1	Any
                                         dispute in connection with the Contract or relevant affairs should be first settled through
                                         friendly negotiation. In case no consensus could be reached through negotiation, the
                                         dispute should be submitted to the People’s Court at the place of Party A for judgment.

 

13.2
Without the consent of Party B, Party A shall transfer any rights and obligations under the Contract to any third party.

 

13.3
Modifications and changes to the Contract: Both parties can only amend the Contract through written document signed by both parties.

 

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13.4
The Contract shall become effective after the signature of the legal representatives or authorized representatives and official
seals of both parties.

 

13.5
Any unmentioned affairs of the Contract should be implemented according relevant clauses in the Contract Law of the People’s
Republic of China.

 

13.6
The Contract should be made out in six copies, each party shall keep three copies, all of which shall have same legal force.

 

		14	2.
                                         Schedule of the Contract

Schedule:
Project Equipment List

 

	Commissioning Party (Party A): (Seal)	 	 
	of Legal Representative or Authorized Representative: (Signature)	 
	Correspondence Address:	 
	Contact information:	 
	E-mail:	 
	 	 	 
	Commissioned Party (Party B): (Seal)	 	 
	Correspondence Address: Floor D-1, Southern Software Park, No. 1, Software Park Road, Tangjiawan, Zhuhai	 	 
	Legal Representative: BAN LOR	 	 
	Project Contact Person: Du Zhi	 
	Telephone: 13647416512	 
	E-mail: zhidu@powerbridge.com	 
	Phone: 0756-3395666 Fax: 0756-3395667	 
	Service Hotline: 400-885-4114	 
	Bank Name: Bank of Communications Zhuhai Branch Xiangzhou Sub-branch	 	 
	Account Name: Zhuhai PowerBridge Technology Co., Ltd	 	 
	Account No.: 444000091018000745538	 	 

 

 

11Exhibit 10.6

 

 

 

 

 

 

Wuhan
New Port Airport Comprehensive Bonded Zone (Yangluogang Park)

 

 

 

Information
Software and Integration Contract

 

 

 

 

 

 

 

 

     

     

    

 

Party A: Wuhan New Port Yangluo Bonded
Park Development Management Co., Ltd

 

Party B: Zhuhai
PowerBridge Technology Co., Ltd

 

Signature Date: November 23, 2016

 

Commissioning Party (Party A):
Wuhan New Port Yangluo Bonded Park Development Management Co., Ltd

 

Address: No. 29,
Yangluo Carnival Hotel, Xinzhou District, Wuhan 

 

Legal Representative:
Zou Debin 

 

Project Contact Person:
Zhao Hang 

 

Contact information:
027-86961297 

 

E-mail: 459956318@qq.com

 

Correspondence
Address: No. 29, Yangluo Carnival Hotel, Xinzhou District, Wuhan 

 

Telephone: 027-86961297
 Fax: 027-86961297 

 

Commissioned Party
(Party B): Zhuhai PowerBridge Technology Co., Ltd

 

Address:
Floor D-1, Southern Software Park, No. 1, Software Park Road, Tangjiawan, Zhuhai

 

Legal Representative:
BAN LOR 

 

Project Contact Person:
Zhang Weilin 

 

Contact information:
027-83558611 

 

E-mail: Weilinzhang@powerbridge.com

 

Correspondence
Address: Floor D2-1, Southern Software Park, No. 1, Software Park Road, Tangjiawan, Zhuhai

 

Telephone: 0756-3395666
 Fax: 0756-3395667 

 

Service Hotline: 400-885-4114

 

Bank Name: Bank
of Communications Zhuhai Branch Xiangzhou Sub-branch 

 

Account Name: Zhuhai
PowerBridge Technology Co., Ltd 

 

Bank Account: 444000091018000745538

 

    	 	2	 

     

    

 

In accordance with the
Contract Law of the People's Republic of China, the Copyright Law of the People's Republic of China
and other relevant laws and rules, and on the basis of consensus reached through full consultations in the principle of mutual
understanding and equal cooperation, Party A and Party B come to agreement for relevant affairs about the Project and hereby authorize
their respective representatives to sign the Contract (hereinafter short for “the Contract) with below terms and conditions.

 

		1	Procurement Scope and Content

 

1.1 Procurement Name:
Information Software and Integration Project of Wuhan New Port Airport Comprehensive Bonded Zone (Yangluo Port Park). Refer
to the Bill of Quantities in the tender/bid documents for detailed information about the deliverables of Party B. Any changes to
the bill of quantity in the performance process of the Contract (including but not limited to changes in equipment quantity, model,
information software system performance, project implementation plan, contract price, delivery date, and replacement of materials
and equipment and so forth) shall be confirmed by both parties in written. The written confirmation of both parties shall be taken
as the settlement basis after the completion of the Project. In case the quantity of goods purchased according to the bill of quantity
is not consistent with the actual quantity of goods used, Party A could negotiate with Party B and improve the change formalities
according to the actual quantity used or actual engineering quantity. In such cases, Party A would settle the payment according
to the final project amount.

 

		2	Contract Price

 

	No.	 	Item Contents	 	Price (Yuan)	 
	1	 	Equipment procurement	 	 	15,890,700	 
	2.	 	Software development and technical service	 	 	17,765,900	 
	Total Contract Amount (Tax-inclusive): Thirty-three Million Six Hundred and Fifty-six Thousand Yuan in Total	 	 	33,656,600	 

 

    	 	3	 

     

    

 

		3	Delivery Requirements

 

3.1       Delivery
Date: the total construction period is 60 calendar days commencing from the signature date of the Contract

 

3.2       Place
of Delivery: Wuhan New PortXingang Airport Comprehensive Bonded Zone (Yangluo Port Park)

 

3.3       Delivery
Method: On-site delivery, construction, commissioning and training

 

		4	Quality Guarantee Deposit for the Project

 

4.1       After
Party A’s acceptance of the Project, the amount equivalent with 5% of the contract amount will be used as the quality guarantee
deposit. Upon the maturity of the warranty period, Party A shall refund the corresponding amount to Party B according to terms
and conditions of the Contract.

 

 

		5	Quality Assurance and After-sales Services

 

5.1. Quality Standard

 

5.1.1 The goods delivered under
this contract shall comply with the standards mentioned in Chapter V  “Technical Specification, Parameters and Requirements”
in the tender document of the Project. If no applicable standard is specified, it shall comply with the latest version of the standard
issued by the relevant authorities of the People's Republic of China.

 

5.1.2 The Project
adopts the legal measurement unit of the People's Republic of China.

 

5.1.3 The goods
sold by Party B shall also comply with the relevant regulations on safety, environmental protection and hygiene of the Country.

 

5.2 Guarantee

 

5.2.1 Party B shall guarantee
that all goods provided are brand new and unused and conform to requirements in the Contract about quality, specification and performance.
Subject to correct installation, normal use and maintenance conditions, Party B shall guarantee that the goods have satisfactory
performance in the service life. Moreover, Party B shall also guarantee that the goods supplied are free from defects arising from
conducts or negligence of Party B. The above commitment of Party B shall remain valid in the warranty period specified in the front
schedule of the tender document of the Project or the warranty period promised by Party B (the longer period shall prevail).

 

5.2. 2 If the variety, model,
specification, technical parameters and quality of goods delivered by Party B fail to conform to provisions of the Contract and
standards specified in the Goods Demand List of the tender document, Party A has the right to reject the goods.

 

    	 	4	 

     

    

 

5.2.3 Party A shall notify
Party B in writing as soon as possible upon the discovery of any defect in the warranty period.

 

5.2.4 Upon the receiving of
such notice from Party A in the warranty period, Party B shall arrange repair or replace the goods or components with defects for
free at a reasonable speed within the response time specified in the front schedule of the tender document of the Project.

 

5.2.5 In the term of the warranty
period, if the quality or specification of the goods fail to conform to provision in the Contract or the goods are proved to have
any defects (including potential defects or the application of any nonconforming materials and so forth), Party A has the right
to require Party B to take remedial measures in written according to terms and conditions of the Contract.

 

5.2.6 Party B shall deliver
the goods and provide services in accordance with the time and place specified in the Contract. In the event that Party B comes
across any circumstance that may affect the timely delivery of goods or provision of services in the performance process of the
Contract, Party B shall inform Party A in written in time. The notice shall describe the facts of the delay, possible delayed days
and reasons. After receiving the notice from Party B, Party A shall evaluate the situation as soon as possible and determine whether
agree to delay the delivery of the goods or delay the provision of services.

 

5.3 Warranty Period:

 

Hardware:
two years commencing from the date of successful acceptance;

Software: two years commencing from the date of successful acceptance.

 

		5.4	In the warranty period, Party B shall assume quality assurance liabilities for all software and
hardware supplied by it, without any additional charge to Party A.

 

		5.5	In the event that any software and hardware supplied by Party B has any quality problems in the
using process, Party B shall provide response to Party A within 30 minutes upon the receiving of the fault notice. Party B shall
restore major fault or provide alternative proposal within four hours. If necessary, Party B shall arrive at the designated site
of Party A to resolve such fault.

 

		5.6	In the warranty period, Party B is responsible for repairing errors in the software system immediately.

 

		5.7	In purchasing any components, Party B shall require the supplier to provide and same warranty period
and supply spare parts and provide professional repair services at favorable prices. In case of any fault of the system due to
quality defects of system hardware, Party B shall take charge of the maintenance, repair and technical supports. If required, Party
B shall contact the manufacturer to repair or replace the corresponding parts. Non-intentional damages and damage arising in the
normal using scope should be repaired for free. No separate expense should be charged for such services.

 

    	 	5	 

     

    

 

		5.8	If, within the scope of the bid documents, the hardware purchased by Party B does not meet the
technical requirements in the bid, Party A has the right to handle with below method:

 

(1) Replace: Party B
shall bear all expenses incurred;

 

(2)
Handle at depreciated value: both parties shall negotiate to determine the price;

 

(3) Reject the products:
if the quality of the hardware still fails to reach the requirements of Party A after the efforts of Party B and its suppliers,
Party A shall provide a written notice and describe the reasons if it would like to reject the product. Upon the agreement of Party
B, Party A could require Party B to refund the corresponding amount. In such cases, Party A could also require Party B to undertake
all relevant direct expenses (transportation expenses, insurance expense, inspection expenses, interest of the contract price,
banking service charges and so forth).

 

		5.9	Party B shall, within seven working days after receiving the written notice from Party A, replace
defective parts with new parts, components and equipment conforming to specification, quality and performance requirements of the
Contract or repair the components or parts with defects. Party B shall bear relevant expenses. Meanwhile, Party B and the manufacturer
shall extend the warranty period for the replaced or repaired components on the basis of the warranty period specified in this
contract.

 

		5.10	Party B’s failure in fulfilling the above obligations in the warranty period would be deemed
as breach of contract. In such cases, Party A shall also have the right to investigate Party B's relevant responsibilities.

 

5.11 After-sales
maintenance period shall commence upon the completion of the platform construction. Both parties shall negotiate and sign a project
maintenance service agreement one month before the maturity of the warranty period. The annual maintenance fee is subject to the
accumulated service amount. To facilitate Party B in providing professional services, the specific service responsibilities and
service scope shall be defined in the agreement reached through friendly negotiation.

 

    	 	6	 

     

    

 

6. Payment Stages

 

	No.	Payment Basis and Date	Proportion	Amount (Yuan)
	1	Equipment procurement	Pay 40% of the total equipment procurement amount within 15 working days upon the signature of the Contract	40%	   6,356,280 
	Pay 20% of the total equipment procurement amount within 10 working days after Party A has organized relevant units to perform site inspection, confirmation and signature for receipt for the equipment arrived at the site	20%	   3,178,140 
	Pay 30% of the total equipment procurement amount within 10 working days after the installation and commissioning of the equipment are completed and pass the acceptance check of relevant departments (including but not limited to Customs, State Administration for Entry-Exit Inspection and other functional departments)	30%	   4,767,210 
	Pay certain amount to ensure the total amount paid reached 95% of the equipment procurement amount (estimated amount) according to the final determined amount in the audit	5%	Depend on the final audit result 
	2.	Software development and technical service	Pay 40% of the total amount for the software development and technical services within 10 workings days upon the signature of the Contract	40%	   7,106,360 
	Pay 20% of the total amount for the software development and technical services within 10 working days upon the completion of the software installation and deployment	20%	   3,553,180 
	Pay 30% of the total amount for the software development and technical services within 10 working days after the pilot run of the software and successful acceptance check of relevant departments (including but not limited to Customs, State Administration for Entry-Exit Inspection and other functional departments)	30%	   5,329,770 
	Pay certain amount to ensure the total amount paid reached 95% of the total amount for the software development and technical services (estimated amount) according to the final determined amount in the audit	5%	Depend on the final audit result
	3	Pay 5% of the total contract amount within 10 working days upon the maturity of the warranty period of the Project (quality guarantee deposit)	5%	1,682,830
	 	Total contract (expected):	 	33,656,600

 

    	 	7	 

     

    

 

6.1 All amounts paid
under the clause are through check payable on demand. Party B shall issue VAT normal invoice for the amount of software development
and technical services, and issue VAT special invoice for the equipment procurement amount. For payment settled without any requirements
of acceptance check, Party B shall submit the VAT invoice to Party A three days before the due payment date. As for payment with
the precondition of acceptance, Party B shall issue regular invoice to Party A after the successful acceptance of relevant departments
(including but not limited to Customs, State Administration for Entry-Exit Inspection and other functional departments) and go
through the settlement formalities per the acceptance certificate issued by Party A. Party A shall complete the payment within
15 working days upon the receiving of the invoice from Party B.

 

6.2 Various payments made by Party A according
to the Contract should only be dedicated for the Project specified in the Contract. Party B shall open a bank account in a designated
bank of Party A, and shall sign the Engineering Fund Supervision Agreement with the Bank and Party A and accept the
supervision of the Bank and Party A for the engineering fund. Party B shall authorize Party A to inquire the information about
the funds in the bank account dedicated for the Project under the Contract. The progress payment paid by Party A shall be exclusive
for the Project, which shall not be used for any other project. Engineering fund from Party A for interim payment should be transferred
into the special account designated by the bank. Party A and its local offices has the right to check the using status of the engineering
fund from time to time, and require Party B to correct problems discovered within the specified time.

 

7. Responsibilities and Obligations
of Both Parties

 

7.1 Work contents
to be jointly undertaken by Party A and Party B:

 

		(1)	The Project shall be completed under the cooperation of both parties. Both parties shall constitute
a project management team. Party A and Party B shall designate their respective project responsible person to participate in the
whole process of the platform construction and assume the corresponding responsibilities associated with the Project.

 

		(2)	Complete the investigation and analysis for the project demands and the overall planning and design
of the Project, and confirm the Project Equipment List and Software Function Confirmation Letter.

 

    	 	8	 

     

    

 

		(3)	All critical items of the Project should be communicated between both parties in written. All amendments
and supplement about the Project should be confirmed by both parties in written.

 

		(4)	Complete the preparation of working plan and objectives for various stages, confirmation for the
completed tasks, and the acceptance check and final confirmation of software and hardware.

 

7.2 Work contents
to be undertaken by Party A:

 

		(1)	Party A shall designate responsible person for the Project to take charge of coordinating resources
of party A and relevant third parties (including users of the platform) to cooperate with Party B in implementing relevant project
work, providing the basic environment and required conditions for the implementation of the Project, and performing confirmation
and making timely decisions for specific events of the Project on behalf of Party A. Party B will take the information and decision-making
opinions provided by project manager of Party A as the basis for the implementation of the Platform. Party A shall be liable for
the data, information materials and decision-making opinions of its project manager, and assume the relevant responsibilities and
consequence of its decisions.

 

		(2)	Take charge of the management of the platform project, organize personnel of relevant departments
in participating in the project, and maintain the relationship with the governmental authorities and relevant supervision departments.

 

		(3)	Take charge of checking, supervising and accepting the delivery of software and hardware in various
stages, and completing the acceptance check of the platform within 30 days after the delivery according to provision in 3.1.

 

7. 3 Work contents
to be undertaken by Party B:

 

		(1)	Perform Party B's duties and responsibilities in accordance with the project plan and project objectives.

 

		(2)	Conduct a detailed investigation for the platform demands of of Party A, provide implementation
proposal for the construction of the platform, which shall be taken as the guiding document of the project construction after final
confirmation of both parties.

 

    	 	9	 

     

    

 

		(3)	Provide hardware facilities and equipment required by the platform, set up the network system,
construct the computer room and guarantee the application and sound operation of the platform.

 

		(4)	Take charge of the technological research and development of the platform and development of corresponding
applications, arrange tests, provide startup services, on-line operation services, system initialization services and technical
supports, and arrange training programs about software application to personnel of Party A, and provide professional implementation
and services.

 

		(5)	After completing any staged work specified in the Contract, Party B shall send an official notice
to Party A.

 

		(6)	Party B shall ensure that the products supplied by it could pass the acceptance check of relevant
departments (including but not limited to Customs, State Administration for Entry-Exit Inspection and other functional departments).

 

		8	Property Rights

 

8.1 Party
B guarantees that the software and hardware provided will not infringe the patent, trademark or copyright of any third party.

 

8.2 The
intellectual property rights in the final result of the customized software commissioned by Party A to Party B in this contract
shall be jointly owned by both parties. Technical achievements and intellectual property rights already owned by Party B before
undertaking the Project are exceptional to the above provisions. Party A shall have the permanent use right of the Project.

 

		9	Technical Materials

 

9.1 Within the scope of the Contract, Party
A will provide Party B with the relevant technical requirements about the goods to be purchased.

 

9.2 Party B shall provide Party
A with relevant technical materials for the use of the goods within the time specified in the procurement documents.

 

9.3 Without the prior written
consent of both parties, neither party may provide any clauses, specification, plan, drawings, samples or materials of the Contract
or in connection with the Contract provided by the other party to any person irrelevant with the performance of the Contract. In
the event of disclosure made to personnel in connection the performance of the Contract, Party B shall still fulfill the confidentiality
obligation and limit such disclosure within the necessity for the performance of the Contract.

 

    	 	10	 

     

    

 

		10	Cooperation Issues in Various Stages of the Project (Equipment Delivery, Installation and Commissioning
of Equipment, System Deployment and Project Acceptance Check)

 

10.1 Equipment Delivery

 

10.1.1 Party A shall, within five
working days upon the receiving of the notice from Party B, carry out arrival inspection, confirmation and receipt signature for
the equipment delivered by Party B according to relevant regulations. In the event that the appearance and specification of the
goods fails to conform to relevant requirements or Party A has any objections to quality of the goods, Party A shall issue a written
notice to Party B within five working days upon the discovery of the defect. In such cases, Party B shall handle and feedback to
Party A in time. No refusal and delay are permitted. In case Party B does not receive any written objection document in the specified
period in this agreement, Party B would deem as that the delivery of the equipment is completed. However, the warranty responsibilities
of Party B for the equipment should not be alleviated or eliminated for such reasons.

 

10.1.2 In case of any surface
defects on the goods, Party A shall inform Party B in time in signing for the receipt. Any objections about quality of the goods
should be declared in written within 10 working days upon the discovery of relevant defects.

 

10.1.3 If problems like insufficient
quantity or quality or technical defects are discovered in the process of acceptance check, Party B shall take measures like replenish,
replace or reject the goods according to requirements of Party A, and shall bear all expenses and losses arising from such problems.

 

10.1.4 After Party B has delivered,
installed and commissioned the equipment according to provisions of the Contract, if Party A refuses the signature for receiving
or refuse the acceptance, Party A shall bear all direct loss suffered by Party B.

 

10.1.5 Party B shall require
its supplier to attach the equipment user manual, quality certificate, warranty document, accompanying accessories and list together
with the goods. Party B shall submit equipment delivery list and relevant documents to Party A.

 

10.1.6 Party B shall
inform Party A 24 hours before the arrival of the goods at designated place of Party A to ensure Party A has sufficient time to
arrange the acceptance of the equipment. Party B shall also inform the arrival of the goods to Party A. Party B shall be liable
for the risks arising before the goods are delivered to Party A.

 

10.1.7 In case of procurement
project for large or complicated goods, Party A could engage a professional test agency recognized by the Country to participate
in the acceptance check. The agency shall issue a acceptance report, which would be taken as the only basis for confirming whether
goods supplied by Party B could conform to the quality standard.

 

    	 	11	 

     

    

 

10.2 Installation and
Commissioning of Equipment:

 

10.2.1 Within the scope of the
terms and conditions of this contract, Party B shall arrange installation and commissioning for the equipment according to designated
requirements of Party A, and submit equipment delivery list and relevant documents to Party A.

 

		10.2.2	Party A shall make fundamental environment and required conditions for the installation of the
equipment in time.

 

10.2.3 Party A shall confirm the
installation and commissioning results of the equipment deployed by Party B within five working days after receiving the notice
from Party B.

 

In case of any objections to equipment
deployed by Party A, Party A shall, within five working days upon the discovery of the problem, issue a written notice to Party
B. In such cases, party B shall arrange amendment and improvement for the installation and deployment of the equipment. No delay
or refusal of Party B would be accepted. The absence of written objection notice would be deemed as completion of equipment installation
and commissioning. In case Party B does not receive any written objection document from Party A within the period specified in
this agreement, Party B would deem as that the installation and commissioning of the equipment is completed. However, the warranty
responsibilities of Party B for the equipment should not be alleviated or eliminated for such reasons.

 

10.3 System Deployment:

 

10.3.1 In accordance with the
terms and conditions of this contract, Party B shall arrange installation and deployment of the system according to designated
requirements of Party A, and submit equipment delivery list and relevant documents to Party A.

 

10.3.2 Party A shall confirm the
software system deployed by Party B within five working days upon the receiving of the notice from Party B. In case Party A has
any objections to the software system installed and deployed by Party B, Party A shall, within five working days upon the discovery
of relevant problem, issue a written notice to Party B. In such cases, Party A could require Party B to arrange amendment and improvement
for the software functions. No delay or refusal of Party B would be accepted. In case Party B does not receive any written objection
document in the specified period in this agreement, Party B would deem as that the system deployment is completed. However, the
warranty responsibilities of Party B for the equipment should not be alleviated or eliminated for such reasons.

 

    	 	12	 

     

    

 

10.4 Acceptance Check
of the Project

 

10.4.1 As the final stage of project
construction, project acceptance will be initiated after Party B completes equipment delivery, equipment installation and commissioning,
software system deployment and trial operation. Party A organizes General Administration of Customs and other relevant personnel
to perform acceptance check for the Project. Party A and Party B shall organize to complete the acceptance check within 30 days
after the delivery and pilot run of the Project.

 

10.4.2 On the basis of the
scope and commitments described in the tender and bid documents of the Project, and the specification documents, technical indicators,
quality indicators and other Project information in the Project Equipment List and Software Function Confirmation
Letter confirmed by both parties, Party B shall prepare relevant acceptance check documents for the Project according to
technical requirements of Party A and regulations in applicable national standard or industry standard. These acceptance check
documents should be submitted to Party A, who would take them as the basis for the acceptance check of the Project.

 

10.4.3 At the time of acceptance
check for sub-systems, both Party A and Party B should present at the site. Acceptance check result report should be issued upon
the completion of the acceptance check, which shall be confirmed by signatures and seals of both parties.

 

10.4.4 Party B shall arrange
professional training for Party A. Party A shall arrange and organize its personnel to participate in professional training programs
arranged by Party B. The training contents shall cover the application, maintenance and operation of the system.

 

10.4.5 The acceptance
standard is that the software system shall run normally and the output data should be correct after the input of typical data of
users.

 

    	 	13	 

     

    

 

11. Liabilities for Breach of Contract

 

11.1 Remedial Measures
and Claims for Quality Defects

 

11.1.1 In the event
that any nonconforming items or quality defects of the products are discovered in the process of acceptance check, Party A shall
inform Party B in written, and provide the evidence issued by a professional quality test agency to prove the failure of the product
in conforming to quality standards. If products provided by Party B after rectification within the time specified by Party A still
fail to meet the quality standard or still have any quality defects, Party A shall (within the period for inspection, installation,
commissioning, acceptance check and warranty services specified in clause 5 or any other clauses of the Contract) have the right
to put forward claims against Party B according to the test report issued by a legal quality test agency.

 

Party B shall, upon
the consent of Party A, resolve the claim with one or several of below methods:

 

(1) Party
B agrees to return the goods and refund the corresponding payment to Party A. All expenses and losses incurred from such process
shall be borne by Party B.

 

(2) On the
basis of the quality status and loss suffered by Party A, both parties agree to reduce the price of the goods after negotiation.

 

(3) Party B shall, within
seven working days after receiving the written notice from Party A, replace defective parts with new parts, components and equipment
conforming to specification, quality and performance requirements of the Contract or repair the components or parts with defects.
Party B shall bear relevant expenses. Meanwhile, Party B and the manufacturer shall extend the warranty period for the replaced
or repaired components on the basis of the warranty period specified in this contract.

11.1.2 In the event that Party B fails to make any response within 10 working days after Party A’s dispatching of the written
claim notice, the above claim would be deemed as being accepted by Party B. If Party B fails to take remedial measures according
to any of above methods within 10 working days after Party A’s dispatching of the claim notice or within a longer period
granted by Party A, Party A would be entitled with the right to deduct the claim amount from the payment due to Party B and confiscate
the quality guarantee deposit. In case the above amount deducted and confiscated could not cover the loss of Party A, Party A has
the right to further require Party B to compensate the loss.

 

11.2 Liability for Breach
of Contract for Late Delivery

 

11.2.1 Party
B shall deliver the goods and provide services in accordance with the time and place specified in the Contract. In the event that
Party B comes across any circumstance that may affect the timely delivery of goods or provision of services in the performance
process of the Contract, Party B shall inform Party A in written in time. The notice shall describe the facts of the delay, possible
delayed days and reasons. After receiving the notice from Party B, Party A shall evaluate the situation as soon as possible and
confirm whether agree to delay the delivery of the goods or delay the provision of services in written.

 

    	 	14	 

     

    

 

11.2.2 If
Party B delays the delivery and Party A does not agree with the delay, Party A shall notify Party B in writing. If negotiation
fails, Party A has the right to terminate Contract wholly or partially and purchase goods similar to the undelivered goods at terms
and conditions it deems appropriate. Party B shall be liable for extra expenses incurred by Party A in purchasing similar goods.
However, Party B shall continue performing the un-canceled part of the Contract.

 

11.2.3 Within the scope of
the Contract, Party A shall purchase goods in accordance with the Project Equipment List and Software Function
Confirmation Letter. Party A’s rejection of goods without any just cause and written rejection notice would be deemed
as Party A’s breach of contract. In such cases, Party A shall bear the liabilities for breach of contract toward Party B.

 

11.2.4 After completing any
staged work specified in the Contract, Party B shall send an official notice in written to Party A. Party A shall complete the
settlement to Party B according to agreement in the Contract. If Party A fails to pay any contract price to Party B without any
reasonable cause, Party A shall pay the liquidated damage at the amount equivalent with 0.05% of the overdue amount for each day
delayed. In case the overdue period is more than 20 working days, Party A would be deemed as breach of contract. In case of breach
of contract of Party A, Party A shall pay Party B a liquidated damage at the amount of 5% of the total contract value. If Party
B's loss exceeds the liquidated damages, Party A shall continue undertaking the compensation liability.

 

11.2.5 In the event that Party
A fails to provide the basic facilities and required conditions for the installation of the equipment and system, or fails to settle
the contract payment in time and in full amount according to terms and conditions of the Contract, Party A shall be liable for
relevant liabilities and consequences, including loss of Party B arising from delay in the project progress caused by such failure
of Party A.

 

    	 	15	 

     

    

 

11.2.6 Unless otherwise caused
by fault of Party A, if Party B fails to complete the Project due to reasons like failure in the delivery of goods, non-conformance
of goods delivered and so forth, Party A has the right to deduct liquidated damage for delay from the amount payable to Party B
without any influence to any other rights to remedial measures. The liquidated damage for delay is calculated at 0.05% of the total
contract price for each day delayed. Party A could terminate the Contract if Party B has delayed for more than 20 days. In the
event that Party A terminates the Contract due to Party B’s delay in passing the acceptance check or any other breaching
behaviors of Party B, in addition to the liquidated damage for delay, Party B shall also pay the penalty at the amount of 5% of
the total contract price to Party A.

 

11.2.7 If the variety, model,
specification, technical parameters and quality of goods delivered by Party B fail to conform to provisions of the Contract and
standards specified in the Goods Demand List of the tender document, Party A has the right to reject the goods. If Party B agrees
to replace the goods but delays in the delivery, Party A would handle according to provisions about delay in delivery. In case
Party B refuses replacing goods, Party A has the right to terminate the Contract without the consent of Party A. Written notices
should be used in such process as basis.

 

12. Change of the
Contract

 

12.1 In
the performance process of the Contract, both parties could negotiate to change the time, place and method about the performance
of the Contract. Both parties shall sign a written supplementary agreement on the basis of consensus reached through negotiation.

 

12.2 Except
for changes made in the form of written agreement constituting an integral part of the Contract, no change should be made to any
terms and conditions of the Contract.

 

13. Suspension
and Termination of Contract

 

13.1 Suspension of Contract

 

13.1.1 In case of any
adjustment to the procurement plan during the performance of the Contract, Party A may require suspending the performance of the
Contract, and inform Party B to continue performing the Contract after the determination of the plan;

 

13.1.2 In
the event that any supplier put forward any complaints about the procurement process or results in the performance process of the
Contract, unless otherwise forced by the finance authority, both parties shall not suspend the performance of the Contract.

 

    	 	16	 

     

    

 

13.2 Termination of
Contract

 

13.2.1 The contract
is terminated due to the expiration of the valid period;

 

13.2.2 In case Party
B loses the contract performance capacity or Party B is declared as bankruptcy, Party A has the right to terminate the Contract
at any time by informing Party A in written. In such cases, Party A does not need to bear any liabilities for breach of contract.

 

13.2.3 If
the continued performance of the Contract would damage the interest of the Country or the interest of the social public, Party
A has the right to terminate the performance of the Contract without the necessity of undertaking any liabilities for breach of
contract.

 

15. Force Majeure

 

15.1 Force majeure refers
to unforeseeable, inevitable and insurmountable natural disasters and social events that may be encountered by both parties.

 

15.2 Neither
party shall assume any liabilities for breach of contract for its failure in performing the Contract partially or wholly caused
by force majeure events. However, the liabilities for breach of contract should not be exempted for any force majeure event incurred
after any delayed performance of the Contract.

 

16. Dispute Settlement

 

16.1 All
disputes arising from the performance of the Contract or in connection with the Contract should be settled by both parties through
friendly negotiation. In case negotiation fails, either party could lodge a complaint in the People's Court with competent jurisdiction
rights over the place of the Project.

 

16.2 If the litigation
would not influence the performance of other parts of the Contract, both parties shall continue performing the Contract other than
those in dispute in the litigation period.

 

17. Notice

 

17.1 All notice from
one party to the other party should be made in written and delivered to the address of the other party specified in the Contract
through fax or courier services. Corresponding receipt signature formalities should be conducted for the delivery of notices.

 

17.2 Notices delivered
should become effective at the later day between the service date of the notice or effective date specified in the notice.

 

    	 	17	 

     

    

 

18. Unmentioned
Affairs of the Contract

 

18.1 Any unmentioned
affairs in the Contract should be implemented according to requirements in the tender document of the Project.

 

19. Effectiveness
of the Contract

 

19.1 The Contract shall
be made out in ten copies and each party shall keep five copies, all of which shall have the same legal force. The Contract shall
be effective upon the signatures and or seals of both parties.

 

    	 	18

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