Exhibit 10.1
contracts of purchase and sale
Party A (Purchaser): FENG’S AUTO PARTS INC
Address: 775Alpha street Duarte, CA, 91010
E-mail: ususedautoparts@gmail.com
Telephone: +1 626 841 9098
Contact: Daniel
Party B (Supplier): BMYA NEW ENERGY TECHNOLOGY INC
Address: 2041Tom bur Dr, Hacienda Heights,CA 91745
E-mail: lina@tdglg.com
Telephone: +1 909 718 9985
Contact: Wenhao Cui
This Agreement is made this 23rd day of August, 2024, by the friendly negotiation between Party A and Party B. Party A agrees to purchase, Party B agrees to sell, and reaches this agreement. The specific terms of the agreement are as follows.
一、 the name, quantity, price and amount of the goods
Name | Electric lithium batteries |
unit price of purchases | $1200/group |
Procurement volume | 50000 sets, 4 lithium batteries per set |
total procurement amount | $60 million |
Delivery time | May 2025 |
二、Quality and acceptance standards: according to the American standard, the battery is 6V, 12V, and the current is 100Ah - 300Ah.
三、Settlement method and period: After the contract is signed, Party A shall pay 35% of the purchase price to Party B as deposit for this purchase, and after the completion of port delivery and inspection, the remaining balance shall be settled within 2 working days.
四、Delivery (pick-up) place: the port of Los Angeles, U.S.A. Customs clearance is Party A’s responsibility.
五、Transfer of ownership and risk: Port delivery inspection is completed, the goods leave the port of Los Angeles means that Party B has completed the delivery, ownership and risk transferred to Party A.
六、Entry into force and validity of the agreement: this agreement in duplicate, A, B, each party to sign a copy, signed and sealed by both parties to enter into force.
Party A:
Authorized Representative:
Party B:
Authorized Representative: