0001144204-07-007127 Sample Contracts

DEBT REDUCTION AGREEMENT

Debt Reduction Agreement • February 13th, 2007 • China Precision Steel, Inc. • Steel works, blast furnaces & rolling mills (coke ovens) • New York

• Contract Type
  Debt Reduction Agreement
• Filed
  February 13th, 2007
• Company
  China Precision Steel, Inc.
• Industry
  Steel works, blast furnaces & rolling mills (coke ovens)
• Jurisdiction
  New York

THIS AGREEMENT is dated as of February 13, 2007, between China Precision Steel, Inc., a Colorado corporation (the “Company”), Partner Success Holdings Limited, a British Virgin Islands Business Company (“PSHL”), and Mr. Wo Hing Li, a Hong Kong national (“Li”), on the basis of the terms and conditions set forth herein.