English Translation) SALES AGENT AGREEMENT for “HUAYE” PPGI
Exhibit
10.20
(English
Translation)
SALES
AGENT AGREEMENT for “HUAYE” PPGI
Party
A: CHANGSHU HUAYE STEEL STRIP CO. LTD
Party
B: XXXXX XXX GANG XXX XX INTERNATIONAL TRADE COMPANY LIMITED
Based
on the principle of mutual benefits, good-faith cooperation and mutual
development, both parties concluded the agreement under which Party B agreed
to
act as a direct sales agent for “HUAYE” PPGI of Party A as follows:
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1.
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Party
B, as Party A’s authorized sales agent, warrants an annul PPGI sales
volume of 3,000 metric tons and a minimum monthly sales volume of
200
metric tons.
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2.
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Party
B shall submit the written order request to Party A no later than
the 25th
of each month, provided that the requests should be within the scope
of
Party A’s production capacity. Party A shall coordinate the production
progress based on the supply of raw materials.
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3.
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Party
A shall provide the price list of PPGI to Party B on a timely basis.
Party
B will obtain 000 XXX discount per metric ton in a one-time payment
order.
(T/T will be the payment
method).
Party A shall inform Party B timely in written if there is any price
adjustment.
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4.
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Party
A shall provide Party B with the sales commissions equal to 80RMB
per
metric tons provided that the sales volume of Party B exceeds 3,000
metric
tons,100RMB per metric tons provided that the sales volume exceeds
5,000
metric tons. There are no sales commissions if the sales volume is
less
than 3,000 metric tons.
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5.
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Party
A is obliged to assist Party B to develop local market, establish
brand
name for the benefit of Party B. Party B shall not disclose any business
secret or any material information of Party A to a third party.
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6.
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Party
A is responsible for maintaining product quality. Party A is obliged
to
assist Party B to resolve any consumer complaints if Party B is involved
in the dispute with the consumer for the product quality.
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7.
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This
agreement will be valid for one year from January 1, 2007 to December
31,
2007. Uncovered issues shall be addressed through the negotiation
of both
parties.
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8.
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There
are two original copies of this agreement and each party holds one
copy.
Agreement takes into effect once it is signed by both parties. The
fax
copy has the same legal effect.
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Party
A: CHANGSHU HUAYE STEEL STRIP CO. LTD
Address:
Changshu Dongbang County Huaye road
Fax:
0000-00000000
Authorized
Representative: (Corporate Seal)
Date:
December 29, 2006
Party
B: XXXXX XXX GANG XXX XX INTERNATIONAL TRADE COMPANY
Address:
Zhangjigang Free Trade Zone
Tel.:
0000-00000000
Fax:
0000-00000000
Authorized
Representative: (Corporate Seal)
Date:
December 29, 2006
