Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - CHINA RECYCLING ENERGY CORP | v164396_8-k.htm |
| EX-99.1 - PRESS RELEASE - CHINA RECYCLING ENERGY CORP | v164396_ex99-1.htm |
| EX-10.3 - SUPPLEMENTARY AGREEMENT TO COOPERATIVE CONTRACT - CHINA RECYCLING ENERGY CORP | v164396_ex10-3.htm |
| EX-10.1 - COOPERATIVE CONTRACT - CHINA RECYCLING ENERGY CORP | v164396_ex10-1.htm |
EXHIBIT 10.2
Gas
Supply Contract for Coke-oven Gas Power Generation Project
Party A:
Shenmu County Jiujiang Trading Co., Ltd. (hereinafter referred to as Party
A)
Address:
Shagoumao Village, Xigou Office, Shenmu County
Legal
Representative: Hao Ziwei
Party B:
Xi’an TCH Energy Technology Co., Ltd. (hereinafter referred to as Party
B)
Address:
No. 86, Gaoxin Road, Hi-tech Zone, Xi’an, Shaanxi Province
Legal
Representative: Ku Guohua
Whereas:
|
1.
|
Through
friendly negotiation, Party A and Party B signedCooperative Contract on
Coke-oven Gas Power Generation Project on May 14, 2009 (hereinafter
referred to as “project contract”).
|
|
2.
|
According
to the agreement of above project contract, both parties reach the
following agreement on matters of Party
A supplies coke-oven gas to Party
B.
|
|
I.
|
Party
A shall supply coke-oven gas to Party B for
free;
|
|
II.
|
Party
A ensures that monthly gas supply shall be not less than 21,600,000
standard cubic meters. If Party A's monthly gas supply is lower than
21,600,000 standard cubic meters, Party B shall settle energy-saving
service charge with Party A according to the generating
capacity of up to 10,800,000 Kwh a month (i.e. calculated at 0.30
yuan per kilowatt-hour, and 3.24 million yuan a
month.)
|
|
III.
|
Party
A shall issue a written notice to Party B with five working days
in advance if it needs to stop its production for inspection and
repair due to its production matters, so that Party B is
able to revise its production plans accordingly; however, Party
A still must pay the energy-saving service charge to Party B
according to the article 2.
|
|
IV.
|
If Party
A's gas supply is insufficient and it is caused by its
equipment malfunction, Party A shall pay the energy-saving
service charge to Party B according to the requirement in article
2.
|
|
V.
|
If
Party A fails to supply sufficient gas according to the contract
due to force majeure such as natural disaster and national
policy etc., Party A shall prolong Party B's operating
period accordingly according to Party B's actual shutdown
time.
|
|
VI.
|
Based
upon the premise that Party A supplies sufficient amount of gas, Party B
shall ensure a stable operation of this project
and satisfy Party A's demand
on electricity.
|
|
VII.
|
This
contract shall take effect on the date of execution and will remain
effective until both parties terminateCooperative Contract on
Coke-oven Gas Power Generation Project. This contract shall have
the same legal effect to the Cooperative Contract on
Coke-oven Gas Power Generation
Project.
|
Party
A: Shenmu County Jiujiang
Trading Co., Ltd. (seal)
Representative:
Zhao Jun
May 20,
2009
Party B:
Xi’an TCH Energy Technology Co., Ltd. (seal)
Representative:
Zhou Yao
May 20,
2009