Sale Contract between Kunlun International Trade Co., Ltd. and The Fifth Season (Zhejiang) Trade Co., Ltd. for Copper Purchase (December 1, 2010)
Kunlun International Trade Co., Ltd. (the buyer) and The Fifth Season (Zhejiang) Trade Co., Ltd. (the seller) entered into a contract for the sale of approximately 495 tons of copper, with a total value of RMB 31,838,533.09. The buyer must pay in full before collecting the goods and is responsible for packing and transportation fees. The buyer must inspect the goods before collection and raise any objections within three days of delivery. Disputes will be resolved by the local court where the contract was signed. The agreement is effective upon signing by both parties.
Sale Contract, dated December 1, 2010, between Kunlun International Trade Co., Ltd. and
the Fifth Season (Zhejiang) Trade Co., Ltd.
Signature Site: Shanghai
Contract No.: D5JNo.4-SC2010-31
Purchaser (Party A): Kunlun International Trade Co., Ltd.
Seller (Party B): The Fifth Season (Zhejiang) Trade Co., Ltd.
1. Name, Quantity and Price
| Name | Warehouse | Trademark | Quantity (ton) | Unit Price (RMB/ton) | Amount (RMB) |
| Copper | Tieshan Ku | ENM | 99.415 | 64350 | 6,397,355.25 |
| Copper | Tieshan Ku | Dajiang Xiaoban | 50.535 | 64280 | 3,248,389.80 |
| Copper | Tieshan Ku | Dajiang Daban | 139.240 | 64300 | 8,953,132.00 |
| Copper | Haishan Ku | CCC-P | 105.597 | 64320 | 6,791,999.04 |
| Copper | Tieshan Ku | Guiye | 100.150 | 64380 | 6,447,657.00 |
| Total | 494.937 | 31,838,533.09 |
2. Delivery Method
Delivery Method: full payment before collection
3. Product Criterion: GB/ ###-###-####
4. Inspection Method and Time Limit: Party A shall inspect the goods before collecting and raise the objection within three days after delivery..
5. Packing Standard: complied with Hu Jin Jiaoge (1999) No. 10 Exhibit (1)
6. Objection Response Time Limit: Party B shall response to objection with three days after receiving Party A’s objection, otherwise, the objection shall be deemed as accepted.
7. Transportation Fees: Party A is liable for packing and transportation fees.
8. Acceptable Scope for Quantity: +/- 0.2%, exceeding part shall be settled by both parties
9. Payment Method: cash & spots
10. Any disputes related to this agreement can be brought to the People’s Court where this agreement is signed if both parties cannot reach consensus.
11. Miscellaneous:
| 1) | This agreement shall be effective after signing of both parties. |
| 2) | This agreement can be set by facsimile which has the same effect with the originals. |
| 3) | The aforementioned price includes value added tax. Party B shall offer the invoice of value added tax. |
(This page is for signature only and has no text.)
Party A (Buyer): Kunlun International Trade Co., Ltd.
By: /seal/ Kunlun International Trade Co., Ltd. Date:
December 1, 2010
Party B (Seller): The Fifth Season (Zhejiang) Trade Co., Ltd
By: /seal/ The Fifth Season (Zhejiang) Trade Co., Ltd
Date: December 1, 2010
