WirePurchase and Sales Contract

EX-10.3 15 v178718_ex10-3.htm

Exhibit 10.3

Wire Purchase and Sales Contract

Supplier: Xingtai Longhai Wire Co.,Ltd		Contract Code:
Buyer:		Signing Location: Xingtai Longhai

1.	Product Name, Trademark, Model, Quantity, Amount: Signing Date: June.24,2009

Product

Name

Steel Number

Specification

Model

Quantity

(Ton)

Unit

Price

(Yuan)

Amount

(Yuan)

Note

Total RMB

The price is the factory price and includes tax, if market changes, prices depend on market conditions.

2.	Start to ship on June.24,2009

3.	Quality Requirement and Technology Standard: GB/ ###-###-####.

4.	Trade Method: Buyer is responsible for transport, supplier will help will on site loading, place of delivery is Longhai Steel and Iron Co.

5.	Transport and Expense: Buyer shall pay shipping fee.

6.	Calculating Method of Reasonable Loss: Based on weight, pound difference of 3‰.

7.	Acceptance Method: Load the vehicle after acceptance.

8.	Objection Period: All disputes must be reported within 3 days.

9.	Settlement Method and Period: Delivery against the payment, issue VAT invoice.

10.	Liability for Breach of Contract: To be determined by contract law.

11.	Contract Dispute Resolution Method: Amicable consultation by both parties, otherwise according to arbitration body in signing location.

12.	Other Agreed Items: The contract is effective from signing date, if its price needs to be changed when market change, then both parties should sign an additional contract. For all matters not mentioned herein, negotiated by both parties hereto.

13.	Other Agreed Items: Contract fax is effective.

Supplier		Buyer
Company Name: Xingtai Longhai Wire Co.,Ltd		Company Name:
Company Address: No.1 Jingguang Road, Neiqiu County		Company Address:
Legal Representative: Chaojun Wang		Legal Representative:
Assignee:		Assignee:
Tel: 0319 ###-###-####		Tel:
Opening Bank:		Opening Bank:
Account:		Account:
Zip code: 054200		Zip code: