This contract signed in _____ (month) on _____ (date), _____ (year), by and between (hereinafter referred to as the “Seller”) and _____ (herein-after referred to as the “Buyer”) on the other hand.

1.Agreement

The Seller shall sell and deliver to the Buyer _____units of products each nit to contain kilograms of product. The product delivered under this Agreement shall conform to the standard specifications for the product adopted by the _____ Trade Association.

2.Price

The price shall be _____ dollars per unit, F.O.B. _____ (place).

The Seller shall have the right to increase the price of the goods specified in this contract at any time. If the Buyer refuses to accept te price increase specified by the Seller, the Buyer may cancel this Agreement. Unless this contract is so canceled, the increased price shall be charged for all goods shipped thereafter.

The price specified above is based on freight rates on the goods between the warehouse of the Buyer and the factory of the Seller. If such freight rates increase or decrease, he price specified shall be adjusted accordingly.

3.Payment Terms

Payment shall be made by net cash against sight draft with bill of lading attached showing the shipment of the goods. Such payment shall

be made through the (bank) of (place). The bill of lading shall not be delivered to the Buyer until such draft is paid.

Within _____ days from the date of this Agreement, the Buyer shall establish an irrevocable letter of credit with a first class bank in compliance with the terms and conditions set forth in this contract.

Payment for the goods specified herein shall not mean an acceptance thereof by Buyer with regard to its quality. All goods shall be accepted only after the Buyer’s inspection.

_____ percent of contract price shall be paid in _____ on the basis of RMB. _____ percent of contract price shall be paid in _____ dollar on the basis of RMB. Party A shall remit by cable the amount which is paid in _____ dollar on the basis of RMB as mentioned above to Party B Account No _____ in the Bank of _____. The exchange rate between RMB and _____ dollar shall be computed according to _____ dollar telegraphic transfer buying rate quoted by the Bank of on the date of the bill.

The total of $ _____ should be disbursed in the following manner.

40% of the total should be made during the signing of the Agreement. This payment should be used for mobilization.

A second installment payment of 30% should be made upon completion of 75% of the works to be executed.

A third installment payment should be made upon 100% completion.