If either party fails to perform the Contract in time or in full due to force majeure, it shall immediately notify Shandong Shenghe Tendering Agency Co., Ltd. and the other party without any liability and shall provide the relevant force majeure certificate within 15 days. In the contract, whether to continue to perform the part not performed and how to perform the part shall be settled by both parties through negotiation, and shall be submitted to Shandong Shenghe Tendering Agency Co., Ltd for review and decision. Dispute Settlement In case of any dispute arising out of this Contract, both parties shall settle the dispute through negotiation. If no agreement can be reached through negotiation, the parties may apply for arbitration to the arbitration institution in the place where Party A is located or file a lawsuit with the people's court in the place where Party A is located. In case of any dispute arising from the contract, if the parties cannot settle it through negotiation, the dispute shall be settled in (2) first. If party a breaches the contract, it shall refund the performance bond to party b. If either party breaches the contract, resulting in litigation or arbitration, and the parties fail to reach an agreement on compensation for losses, the breaching party shall indemnify the other party for economic losses, and shall also bear the other party's attorney's fees and other related costs for litigation or arbitration. Other liabilities for breach of contract shall be subject to the provisions of the Contract Law of the People's Republic of China and other relevant laws and regulations for cast steel castings. In the absence of relevant provisions, the parties concerned shall negotiate for settlement. The liquidated damages and compensation payable in accordance with this contract shall be paid in accordance with the bank regulations or the settlement method agreed by both parties within 10 days after the liability is clarified, otherwise, it shall be treated as overdue payment. If there is anything not mentioned herein, both parties may enter into a supplementary agreement through negotiation. The supplementary agreement shall have the same legal effect as this contract. The effectiveness of the agreement shall be governed by Article 12 hereof. Additional terms shall be reported to Shandong Shenghe Tendering Centrifugal Casting Agency for the record.