Attached files
| file | filename |
|---|---|
| 10-K - GC China Turbine Corp. | v181041_10k.htm |
| EX-32 - GC China Turbine Corp. | v181041_ex32.htm |
| EX-31.2 - GC China Turbine Corp. | v181041_ex31-2.htm |
| EX-14.1 - GC China Turbine Corp. | v181041_ex14-1.htm |
| EX-31.1 - GC China Turbine Corp. | v181041_ex31-1.htm |
| EX-10.21 - GC China Turbine Corp. | v181041_ex10-21.htm |
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Kaidi
Power Pinglu Wind Farm Phase I Project
Wind
Turbine Equipment Supply Contract
This document is a summary
translation of key terms only from the original contract that is written in
Chinese. It is a summary, not a complete translation, and not all
words or meanings may have the same effect as in the original
contract.
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Date:
September, 2008
Venue:
Wuhan
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1.
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Definition
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1.1.
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“Buyer” means Wuhan
Kaidi Electronic Project Ltd.
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1.2.
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“Supplier”
means Wuhan Guo Ce Nordic New Energy
Ltd.
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2.
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Contract
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2.1.
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This
contact should include 50 units of GCN1000 wind turbines for the
buyer’s
Kaidi Power Pinglu Wind Farm
Project.
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2.2.
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The
supplier should be responsible for transportation and
insurance.
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2.3.
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Within
15 years after the verification check, supplier is liable to provide the
necessary replacement parts to maintain the operation of its equipment at
market price.
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3.
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Contract
terms
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3.1.
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Total
contract price is at RMB 321.7 million,
including:
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3.1.1.
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50
units of wind turbines at RMB 300 million (50units×RMB 6 million per
unit)
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3.1.2.
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Technical
service fees at RMB 5.465 million
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3.1.3.
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Transportation
and other expenses: RMB 9.2805
million
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3.1.4.
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Replacement
parts and specialized tools: RMB 6.9545
million
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4.
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Payment
terms
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4.1.1.
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Within
30 days after the contract effective date, buyer should pay 10% (RMB 600
thousand) of the total price per unit to the supplier as
deposit
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4.1.2.
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30%
of the total price per unit to be paid when the production progress reach
60%
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4.1.3.
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30%
of the total price per unit to be paid within 30 days after
delivery
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4.1.4.
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25%
of the total price per unit to be paid within 30 days after the initial
verification
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4.1.5.
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5%
of the total price per unit as retention money to be paid within 30 days
after the final verification letter
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4.2.
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Technical
service fees, transportation cost, replacement parts cost, and specialized
tools cost total at RMB 21.70 million, per unit is at RMB 434 thousand, to
be paid before the delivery.
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