Wire Purchase and Sales Contract between Xingtai Longhai Wire Co., Ltd. and Buyer (June 24, 2009)
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Summary
This contract is between Xingtai Longhai Wire Co., Ltd. (supplier) and a buyer for the purchase and sale of steel wire. The buyer agrees to purchase a specified quantity of steel wire at a price subject to market changes, with delivery starting June 24, 2009. The buyer is responsible for transportation and shipping costs, and payment is due upon delivery with a VAT invoice issued. Disputes must be reported within three days and resolved by negotiation or arbitration in the signing location. The contract is effective upon signing and may be amended if market prices change.
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: |
