Exhibit 10.27
Unofficial English Translation Solely for
Convenience
Haizhong CWSF Boiler Sales Agency
Agreement
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Party A (Authorizer):
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Qingdao Haizhong Enterprises Co. Ltd.
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Party B (Agent):
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Shaanxi Suo’ang Biological
Science & Technology Co., Ltd.
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In order to expand the market and
sell “Haizhong” brand CWSF boiler, the Parties A and B,
through negotiation and consent and on the basis of mutual benefit,
have entered into the representative agency agreement as
follows:
1,
Party B has the agent right to
represent and sell “Haizhong” brand CWSF boiler in
Tongchuan region, Xi’an, Shanxi province. Party B shall
not, during the term of this agreement, represent and sell other
CWSF boiler similar to Party A’s; otherwise Party A has the
right to terminate this representative agent agreement.
2,
To facilitate Party B in performing
work externally, Party A agrees to let Party B sell
“Haizhong” CWSF boiler under the name of “Qingdao
Haizhong Enterprises Co. Ltd Xi’an Business
Office” and conduct business contracting and sales
negotiation under Party A’s direction. Party B shall be
responsible for all [employee] benefits and labor insurance.
Party B shall not conduct any other activities under the
aforementioned name; otherwise, Party B shall bear sole
responsibility for the consequences.
3,
Party A shall actively support Party
B in market business work and is obligated to provide Party B with
business training and technical guidance, product introduction
brochure, and timely information on new technologies and new
techniques, product price and market developments.
4,
Party B may directly enter into
boiler sales contract with customers. However, without prior
written authorization from Party A, Party B shall not use Party
A’s name to enter into any other kind of letter of intent or
contact directly with customers. Party B shall make the
equipment payment to Party A, in the amount stipulated in the
contract entered into by Party B directly with customers, for Party
A’s boiler equipment before such boiler equipment leaves
Party A’s factory.
5,
Party B shall be responsible for the
initial stage of market development and bear the market development
cost on its own; Party A shall be responsible for the execution of
formal sales contracts and carry out the work of equipment
manufacturing, pre-sale technical support, installation tests and
post-sale service set forth in the contracts. During the term
of fulfilling this agreement, Parties A and B must work with each
other closely, support each other, and, especially during the
construction period and in the area of recovering loans, must
proactively cooperate and coordinate related work to ensure the
smooth fulfillment of the contracts.
