SALES COOPERATION FRAME AGREEMENT
Exhibit
10.8
SALES
COOPERATION FRAME AGREEMENT
Consignor:
Changshu Huaye Steel Strip Co., Ltd. (“Party A”)
Consignee:
Shanghai Huaye Iron & Steel Group Co., Ltd. (“Party B”)
Based
on
the friendly negotiation and mutual benefits, the Parties reach the following
agreement concerning sales cooperation between the Parties:
| 1. |
Party
A agrees to entrust Party B as its sales agent to sell the products
manufactured by Party A.
|
| 2. |
Party
B may, under its own name, negotiate and execute relevant contracts
with
the clients, provided that major contract provisions such as the
types,
specifications, unit price of the purchased source materials shall
be
notified to and agreed by Party A before any final agreement is executed.
Party B shall be solely responsible for any failure of performing
any
sales contract executed by Party B without consent of Party
A.
|
| 3. |
Entrusted
products shall be delivered at the location of Party A. Where the
products
shall be delivered to the location of Party B, Party B shall be
responsible for the transportation.
|
| 4. |
Party
A shall deduct 5‰
from the unit sales price of Party B when selling the products to
Party B
and the deducted 5‰
is
the commission to Party B. The detailed settlement and payment method
shall be negotiated by the Parties upon delivery of products to Party
B.
|
| 5. |
The
term of this Agreement is one year, starting from January 1, 2007
and
ending on December 31, 2007. This Agreement will be automatically
terminated upon expiry. Where the Parties decide to continue the
cooperation, a separate agreement shall be reached one month before
the
expiry of this Agreement.
|
| 6. |
For
any issues that are not covered under this Agreement, the Parties
may
conduct further negotiation. Where such issues cannot be settled
through
negotiation, they shall be subject to the Contract
Law.
|
| 7. |
This
Agreement is made in two originals, with each party holding one.
This
Agreement shall take effective upon
execution.
|
|
Changshu
Huaye Steel Strip Co., Ltd.
|
Shanghai
Huaye Iron & Steel Group Co., Ltd.
|
|
(Corporate
Seal)
Dated:
December 7, 2006
|
(Corporate
Seal)
Dated:
December 7, 2006
|
