DATED THIS 07th September DAY OF 2009
Between
Mr.Juergen Krahe – Sole proprietor
Passport-No.: 605882863
On behalf of Krahe Consulting
Schwarzwaldstrasse 11,73734 Esslingen
Germany
hereafter called “SELLER”
And
Mr.Jason Wu – Chairman
Passport – No.:
On behalf of NEWPOWER GROUP
RM C-E,9/F China Overseas Bldg, 139 Hennessy Rd. Wanchai, Hong Kong
hereafter called “BUYER”
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AGREEMENT FOR THE SALE AND PURCHASE
OF USED OR NEW PASSENGER VEHICLES
INTO PEOPLE REPUBLIC OF CHINA
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THIS AGREEMENT is made on the 07th September day of 2009.
BETWEEN--
(A) KRAHE CONSULTING
a business registered in Germany and having its place of business at Schwarzwaldstrasse 11, 73734 Esslingen, Germany (hereinafter referred to as the "Seller"); and
(B) NEWPOWER GROUP
a business registered in Hong Kong and having its place of business at RM C-E,9/F China Overseas Bldg, 139 , Hennessy Rd. Wanchai, Hong Kong hereinafter referred to as the "buyer").
WHEREAS:-The Seller wishes to sell and the buyer wishes to purchase USED OR NEW PASSENGER VEHICLES on the terms and conditions hereinafter set forth.
NOW IT IS HEREBY AGREED:-
1. INTERPRETATION
In this Agreement, unless the context otherwise requires, the following expressions shall have the following meanings:-
1.1 "Completion Date" means within one(01) month from the date after receipt of firm confirmation or such other date as the “SELLER” and the “BUYER” may agree in writing or upon signing “SELLER” Performa invoice(s); Reference to clause 1.3.