I. Expenses and Payment Terms
1、Amount of contract: The Party A should pay contract amount RMB 425000 (in words: Four hundred thousand and twenty-five thousand) to the party B.
2、Payment Method:
After signing this contract, The party A shall pay deposit RMB 210000 (in words: RMB Two hundred thousand and ten thousand) to the party B, with this payment Party B will start the production.
After finishing producing all products and passing party A’s inspection, The party A pay RMB 170000 (in words: RMB one hundred thousand and seventy thousand)to party B, Party B starts to pack and prepare for shipment.
After party B’s workers finishing installation and debugging,The party A pay remaining sum RMB 45000 (in words: RMB forty thousand and five thousand)to party A.