cnamexsales.htm


 












 


Exhibit 10.[__]


 


[Translated from Chinese to English]







Portions of this Exhibit 10.[__] marked by a [__] have been omitted pursuant to a request for confidential treatment filed separately with the Commission.







 


Scrap Metal Sales Contract


 


Contract Number: 10FG001S


 


Date: February 21, 2010


 


Location: WeiAn


 







 


Seller: Armet (Lianyungang) Renewable Resources Co., Ltd.


 


Buyer: [                      ]


 


Both parties based on equality, voluntariness, equitable and mutually beneficial, accordance to “Contract Law of People’s Republic of China” and other relevant laws, regulation accept the following contract, both parties have accepted the following terms.


 



	
1.  

	
Both parties have been fully explained and understood provisions of this contract to each other.







 



	
2.  

	
Both Parities fully understood the terms and provisions of this contract, and understand compliance of all these terms.







 



	
3.  

	
Both parties agreed to comply with all terms of this contract.







 


I           Product name, size, volume, quality standard, delivery date and quantity


 


Produce Name,                                 Size,           Quality Standard,      Volume (tons/month),                                                                           Delivery Date


 



	
Scrap metal, Crushed aggregates

	
-

	
             13,000

	
Monthly order

	
                        Charging materials

	
-

	
6,000                   Monthly order







 



	
         Heavy scrap

	
-

	
4,000                   Monthly order







 


Total                                                                              23,000


 


II           Unit Price (Taxes included): to be determined on the 25th day of every month to calculate following month’s unit price per ton.


 


III           Delivery Discrepancy: Plus or minus 10%


 






  





  











  








IV           Transportation method, freight insurance and other expenses


 


Departure Location: Liangyungang, China Armet’s metal scrap facility,


 


Receiving location: [                      ]’s scrap metal storage. All transportation and insurance expenses are paid by the seller.


 







 


V                 Reasonable loss determination and calculation


 


      The calculation is based on the measurement by the loadometer of [                      ].


 


VI                 Quality requirement


 


       The delivered products should not mix with airtight containers, inflammable, explosives, and radioactive materials. The buyer has the right to send staff to monitor the production on site.


 


VII                  Inspection criteria


 


        The inspection conclusion is based on the scene inspection at Armet (Lianyungang) Renewable Resources Co., Ltd. The buyer confirms the inspection conclusion at the scene. Both parties negotiate to resolve if any disagreement may occur.


 


VIII                   Bill Settlement and payment


 


           After the products have been delivered and measured at [                      ], the buyer should make the payment within 7 days after the buyer has booked the invoice from the seller.


 


IX                       Changes in the contract


 


            The terms of the contract can be changed upon the agreement of the buyer and seller. The change takes effect upon the signatures and seals by both parties.


 


X                         Term


 


The contract is valid from February 21, 2010 to December 31, 2010.


 


XI                        Force majeure


 







 






  





  











  








When the unpredictable, unavoidable, and insurmountable events occur such as natural disaster and fire and deprive one party the capabilities to execute all or partial obligations in the contract, the party is exempt from penalty. The party that encounters force majeure shall notify the counterpart about the event by telephone or telegraph and provide the supporting evidence on the force majeure issued by authorized institution within 14 days after the occurrence of the event. If the impact of force majeure lasts more than 30 days, both parties should negotiate either to change the terms of the contract, continue the execution, or terminate the contract.


 


XII                        Disputes settlement


 







 


              The parties should negotiate to settle the disputes related to the contract. If the parties can’t reach agreement, either party can file lawsuit to the local court.


 


XIII                           Miscellaneous


 


                      This contract has four original copies, and each party holds two original copies. Each copy has the same legal force. The contract takes effect upon signatures and seals by both parties.


 







 







 


Buyer: [                      ]


 


Authorized Representative: /s/ Fazhan Yang


 


(Company Seal)


 







 







 


Seller: Armet (Lianyungang) Renewable Resources Co., Ltd.


 


Authorized Representative: /s/ Ji Zhang


 


Phone: 0518-68083830


 


Fax: 0518-68081111


 


(Company Seal)