Arbitration

• All disputes arising out of the performance of, or relating to the Sales Confirmation, shall be settled amicably through friendly negotiation.

• In case no settlement can be reached through negotiation the case shall then be submitted to the China International Economic and Trade Arbitration Commission in China for arbitration in accordance with its Rules of Arbitration. The arbitral award is final and binding upon both parties. The arbitration Fees shall be borne by the losing party.