Product Sales Agreement
Exhibit 10.22
Contract No: GHGMR20100901001
Signed at: Guangzhou, Guangdong
Province
Date: 2010-09-01
| Supplier: | The Fifth Season (Zhejiang) Commence and Trade CO., Ltd |
| Buyer: | Guangdong Guang Hong International Trade Group Co., Ltd |
Article 1: Product Name, Specification, Manufacturer, Quantity, Total Amount
| Product Name |
Specification | Manufacturer | Measurement Unit |
Quantity | Unit Price | Total Amount |
| Zinc Ingot | Zn≥98.5% | Guizhou | Metric Ton | 36000 ± 0.5% | Subject to article 3 | Subject to the agreed unit price and actual amount of delivered goods |
Article 2: Quality Requirements, Technical Requirements
Zinc Ingot Zn≥98.5%
Article 3: Unit Price
Both parties hereby agree: the unit price shall be (X-1000) per Metric Ton:
For the purpose of this contract, X shall be the monthly average price of Zinc Ingot as published on Shanghai Non-ferrous Net in that month the goods are received.
Article 4: Place of Delivery
The place of Delivery shall be designated by the buyer.
Article 5: Delivery Arrangement
The supplier shall deliver the goods after has received the payment. In addition; the supplier shall deliver 3000 tons per month.
Article 6: Transportation Method and Transportation Fees
The Method and relevant fees of transportation shall be decided by both parties separately.
Article 7: Packing Standard
Cargo in bundle
Article 8 Reasonable Loss and Calculation Method
Reasonable Loss shall be limited to 5‰ of the net weight; the loss in excess of this maximum amount shall be supplemented by the supplier.
Article 9: Inspection Standard
The supplier shall provide quality inspection certificate to the buyer for re-examination purpose. Any objection must be filed within 3 days after have received goods. In such circumstance, the sample of goods in question must be taken together by both parties and this dispute shall be referred to arbitration. However, the inspection result of Guangzhou non-ferrous metal institution of Ministry of Metallurgy shall be final. Where the result of arbitration is within the scope of this contract, the buyer shall bear the cost occurred; otherwise, the supplier shall bear the cost.
Article 10: Means of Payment and Method of Settlement
The supplier will only deliver the goods after has received the payment. The total amount of payment is also subject to the monthly actual received goods.
Article 11: Dispute Resolution
Any dispute arising from this contract shall be settled by consultation. If agreement is not reached after consultation, action can be brought in the local People’s Court where the contract is concluded.
Article 12: Other Agreed Matters:
The supplier shall issue VAT Invoice with full amount to the buyer after have delivered the goods. Such VAT Invoice shall be sent together with Outbound Order and quality certificate to the buyer.
Article 13:
This contract shall be in effect until 2011-08-31
Article 14:
This contract shall be signed in two counterparts, each party hold one copy respectively. Any matters have not been stipulated in this contract shall be subject to consultation so as to reach a supplementary agreement.
Supplier: The Fifth Season Commence and Trade Co., Ltd
By: /seal/ The Fifth Season Commence and Trade Co., Ltd
Buyer: Guangdong Guang Hong International Trade Group Co., Ltd
By: /seal/ Guangdong Guang Hong International Trade Group Co., Ltd
