Debt Reduction Agreement Sample Contracts

AMENDMENT TO DEBT REDUCTION AGREEMENT
Debt Reduction Agreement • February 22nd, 2007 • China Precision Steel, Inc. • Steel works, blast furnaces & rolling mills (coke ovens) • New York

This Amendment (this “Amendment”) is made and entered into as of February 20, 2007 by and among 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. Capitalized terms not otherwise defined herein have the meaning set forth in the Debt Reduction Agreement, dated as of February 13, 2007 (the “Agreement”), among the Company, PSHL and Li.

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

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