Document:

Form of English translation of Product Purchase and Sale Agreement

 Exhibit 10.11 
 Year              Group Member of Benxi Iron & Steel Hot-rolled Product 

Purchase and Sale Agreement 
              
 Party A: Bengang
Steel Plates Co., Ltd. 
 Party B: Zhengxing Wheel Group Co., Ltd. 
 Party A and Party B, based on the principles of mutual benefit, have negotiated on an equal basis and reached the following agreement on the purchase of hot-rolled products in
                     with an aim to establishing a long-term, stable and cooperative relationship: 

1. Party B shall purchase a cumulative quantity of
                     ton hot-rolled products from Party A for the period from January
                     to December
                    . Orders shall be placed via method of cargo concentration in port. 

2. Party A’s pricing principles: to be priced based on the quality of products and in accordance with market prices. 

3. Party B shall pay for the orders before the 28th of the preceding month (to be postponed accordingly on holidays and weekends). In special cases, the date notified by
Party A shall be applicable. The contract price shall be increased by RMB30 per ton if the payment is delayed. A delay of payment beyond the last day of the preceding month shall be deemed as Party B’s failure to fulfill the contracted
purchasing quantity for that month. 
 4. Party B shall make payments for the orders via acceptance bills. 

5. Party B must fulfill the contracted purchasing quantity pursuant to Party A’s requirements. Otherwise, Party B shall become
disqualified as a contracted client. 
 6. The hot-rolled products that Party B orders from Party A shall have specifications
and materials that conform to the requirements of Party A’s production and equipment conditions. If Party B has any special requirements for Party A, the prices shall be increased accordingly. 

7. In case of any residual quantity of ordered nonstandard products that is not fit for scale production, Party B shall agree to change
the type and specification of the steel or cancel the residual quantity at Party A’s request. 
 8. Party B shall agree
that Party A may adjust the contracted quantities of products manufactured on various production lines based on Party A’s actual production conditions and requirements. 
 9. If any shipment is delayed due to traffic controls, Party B shall notify Party A of any other destination or means of transportation in writing in a timely manner. Party B shall pick up its goods
within three days in principle if the pickup delivery is adopted as per the contract. If the pickup is delayed for over five days for Party B’s reasons, a storage fee of RMB20 per ton shall be applied. 

 10. Party A shall supply products to Party B pursuant to this Agreement. If Party A has to
reduce output due to equipment inspection and repairs, adjustment of plans and or other uncertainties, the contracted monthly sales quantity shall be reduced accordingly. If the contracted monthly quantity is increased due to Party A’s
increased outputs, the additional quantity above the contracted quantity shall enjoy the terms and conditions as set forth in this Agreement. 
 11. If cargo delivery is delayed by over 30 days due to Party A’s reasons, the corresponding contract may be cancelled at Party B’s request and upon Party A’s approval. In this case, the
contracted quantity shall be deemed to have been fulfilled. 
 12. Party A’s order notice given in each month shall be
applicable in the performance of this Agreement. 
 13. Party B designates
                     as its authorized representative and this is justified by the power of attorney issued by Party B’s legal
representative. If such authorized representatives have to be changed in the performance of this Agreement, Party B shall issue relevant procedures and notify Party A in a timely manner. 

14. Both parties shall cordially negotiate to settle other issues not covered herein. 

15. The location where this Agreement is to be performed is Benxi City of Liaoning Province. Both parties shall negotiate to settle any
dispute in the performance of this Agreement. Should such negotiations fail, the dispute shall be submitted to Benxi Municipal People’s Court. 
 16. This Agreement shall be applicable for contracts signed between January                     
and December                     . 
 17. This Agreement is signed in duplicate and each party holds one copy. This Agreement shall take effect from the date when both parties affix their respective signatures and seals hereto (originals of
this Agreement are valid; orders may be placed via faxes in                     ). 

18. The sales department of Bengang Steel Plates Co., Ltd. enjoys the right of final interpretation of this Agreement. 

 
  

			
	Party A: Bengang Steel Plates Co., Ltd.	  	Party B: Zhengxing Wheel Group Co., Ltd.
		
	

	  	

		
	Party A’s representative:                     	  	Party B’s representative:                     
		
		  	Date:English translation of Patent License Agreement, dated July 1, 2007

 Exhibit 10.12 
 Patent License Agreement 
 Licensor: Lai Jianhui 

Address: No. 24, Shuiwei, Xitou Village, Qiling Xiang, Pinghe County, Fujian Province 
 Licensee: Zhengxing Wheel Group Co., Ltd. 
 Address: Right side, 73km stake, North Circle Road
State Highway 319, Zhangzhou, Fujian Province 
 Lai Jianhui, being the legal owner of the following patents: 

 

									
	 No.
	  	Patent Certificate
No.	  	 Name of Design
	  	 Patent No.
	  	 Patent Owner

	1	  	237755	  	 Signboard (3)

标志牌(3)
	  	ZL 01342939.6	  	Lai Jianhui
	2	  	351205	  	 Packing strap (steel wheel – 4)
 包扎带(钢圈-4)
	  	ZL 033460620	  	Lai Jianhui
	3	  	338820	  	 Section steel

型钢
	  	ZL 03316154.2	  	Lai Jianhui
	4	  	342197	  	 Steel wheel

钢圈
	  	ZL 03316153.4	  	Lai Jianhui
	5	  	330925	  	 Packing strap (steel wheel) (2)
 包扎带(钢圈)(2)
	  	ZL 03316151.8	  	Lai Jianhui
	6	  	357775	  	 Packing strap (steel wheel) (1)
 包扎带(钢圈)(1)
	  	ZL 03316150X	  	Lai Jianhui
	7	  	356170	  	 Packing strap (steel wheel – 3)
 包扎带(钢圈-3)
	  	ZL 033460639	  	Lai Jianhui
	8	  	457636	  	 Nameplate (0401)

标牌(0401)
	  	ZL 200430107914.5	  	Lai Jianhui
	9	  	457627	  	 Nameplate (0402)

标牌(0402)
	  	ZL 200430107913.0	  	Lai Jianhui
	10	  	457643	  	 Nameplate (0403)

标牌(0403)
	  	ZL 200430107908.X	  	Lai Jianhui
	11	  	457669	  	 Nameplate (0401-1)

标牌(0401-1)
	  	ZL 200430107915.X	  	Lai Jianhui
	12	  	459202	  	 Nameplate (0402-1)

标牌(0402-1)
	  	ZL 200430107912.6	  	Lai Jianhui
	13	  	457697	  	 Nameplate (0403-1)

标牌(0403-1)
	  	ZL 200430107909.4	  	Lai Jianhui
	14	  	493019	  	 Signboard (0404)

标志牌(0404)
	  	ZL 200430107910.7	  	Lai Jianhui
	15	  	478289	  	 Display rack (0404-1)

陈列架(0404-1)
	  	ZL 200430107911.1	  	Lai Jianhui
	16	  	478321	  	 Nameplate (0405)

标牌(0405)
	  	ZL 200430107917.9	  	Lai Jianhui
	17	  	457682	  	 Nameplate (0405-1)

标牌(0405-1)
	  	ZL 200430107916.4	  	Lai Jianhui

  
 1 

									
	 No.
	  	Patent Certificate
No.	  	 Name of Utility Model
	  	 Patent No.
	  	 Patent Owner

	1	  	615470	  	 Wheel disc of automotive steel wheel
 汽车钢圈的轮辐
	  	ZL 03221470.7	  	Lai Jianhui
	2	  	618632	  	 Steel wheel

钢圈
	  	ZL 03221464.2	  	Lai Jianhui
	3	  	619772	  	 Steel wheel packing case

钢圈包装件
	  	ZL 03221463.4	  	Lai Jianhui
	4	  	627182	  	 Radiating steel wheel disc

具有散热作用的钢圈轮辐
	  	ZL 03259030.X	  	Lai Jianhui
	5	  	713390	  	 Tire-friendly wheel rim

保胎型轮辋
	  	ZL 03259871.8	  	Lai Jianhui
	6	  	713198	  	 Tire-friendly reinforced wheel rim
 保胎型加强轮辋
	  	ZL 03259870.X	  	Lai Jianhui
	7	  	674923	  	 Widened wheel rim

加宽轮辋
	  	ZL 03259914.5	  	Lai Jianhui
	8	  	675679	  	 Section steel of wheel rim with increased width
 加大腰宽的轮辋型钢
	  	ZL 03277359.5	  	Lai Jianhui
	9	  	641873	  	 Undercut-free tubeless wheel

护边型无內胎车轮
	  	ZL 03277843.0	  	Lai Jianhui
	10	  	642063	  	 Undercut-free tubeless wheel with coolants
 具有冷却剂的护边型无內胎车轮
	  	ZL 03277844.9	  	Lai Jianhui
	11	  	643528	  	 Reinforced tubeless wheel

加强型无內胎车轮
	  	ZL 03252353.X	  	Lai Jianhui
	12	  	666098	  	 Tubeless wheel

无內胎车轮
	  	ZL 2003 2 0120344.3	  	Lai Jianhui
	13	  	666271	  	 Tubeless wheel with reinforced connection between wheel disc and rim
 轮辐与轮辋连接加强的无內胎车轮
	  	ZL 2003 2 0120345.8	  	Lai Jianhui
	14	  	666464	  	 Tubeless wheel with combined wheel disc
 组合式轮辐的无內胎车轮
	  	ZL 2003 2 0120346.2	  	Lai Jianhui
	15	  	672498	  	 Reinforced wheel rim of light-duty automotives
 轻型车的加强轮辋
	  	ZL 200420024221.4	  	Lai Jianhui
	16	  	678172	  	 Wheel rim having expansion formed ribs
 具有胀形成形凸筋的轮辋
	  	ZL 200420024413.5	  	Lai Jianhui
	17	  	733105	  	 Multi-piece reinforced wheel rim
 多件式加强轮辋
	  	ZL 200420079980.0	  	Lai Jianhui
	18	  	786102	  	 New-type inlaid brake drum

新型镶式制动鼓
	  	ZL 200420118568.5	  	Lai Jianhui
	19	  	785783	  	 Embedded brake drum

嵌式制动鼓
	  	ZL 200420118566.6	  	Lai Jianhui
	20	  	795026	  	 Inlaid brake drum

镶式制动鼓
	  	ZL 200420118569.X	  	Lai Jianhui

  
 2 

									
	 No.
	  	Patent Certificate
No.	  	 Name of Utility Model
	  	 Patent No.
	  	 Patent Owner

	21	  	798999	  	 One new type of inlaid brake drum
 一种新型的镶式制动鼓
	  	ZL 200420118567.0	  	Lai Jianhui
	22	  	742358	  	 Multifunctional tool for removal of wheel locking ring
 多功能拆卸车轮挡圈工具
	  	ZL 200420118260.0	  	Lai Jianhui
	23	  	743471	  	 New section steel for 15oDC tubeless wheel rim
 15oDC无內胎车轮轮辋用的新型型钢
	  	ZL 200420118268.7	  	Lai Jianhui
	24	  	743327	  	 Section steel for 15oDC tubeless wheel rim
 15oDC无內胎车轮轮辋用型钢
	  	ZL 200420118267.2	  	Lai Jianhui
	25	  	757103	  	 Tire removing rod

拆胎棒
	  	ZL 200420118261.5	  	Lai Jianhui
	26	  	757254	  	 Tubeless wheel tire installing tool
 无內胎车轮装胎工具
	  	ZL 200420118262.X	  	Lai Jianhui
	27	  	757398	  	 Portable tire removing tool of tubeless wheels
 便携式无內胎车轮轮胎拆胎工具
	  	ZL 200420118263.4	  	Lai Jianhui
	28	  	758368	  	 Portable supplemental inflator of tubeless wheel
 便携式无內胎车轮辅助充气机
	  	ZL 200420118259.8	  	Lai Jianhui
	29	  	867043	  	 Combinational wheel

组合式车轮
	  	ZL 200520019173.4	  	Lai Jianhui
	30	  	794116	  	 15oDC tubeless wheel modified rim
 15oDC无內胎车轮改型轮辋
	  	ZL 200520019175.3	  	Lai Jianhui
	31	  	793366	  	 Tire-friendly locking ring section steel
 护胎型挡圈型钢
	  	ZL 200520019171.5	  	Lai Jianhui
	32	  	793918	  	 New section steels for 15oDC wheel rim
 15oDC车轮轮辋用的新型型钢
	  	ZL 200520019174.9	  	Lai Jianhui
	33	  	793547	  	 Double-channel rim of 15oDC wheel
 15oDC车轮的双糟底轮辋
	  	ZL 200520019172.X	  	Lai Jianhui
	34	  	794959	  	 Tire-friendly wheel

护胎型车轮
	  	ZL 200520019169.8	  	Lai Jianhui
	35	  	794743	  	 Reinforced and tire-friendly wheel rim section steel
 加强及护胎型轮辋型钢
	  	ZL 200520019168.3	  	Lai Jianhui
	36	  	794530	  	 Reinforced and tire-friendly wheel
 加强及护胎型车轮
	  	ZL 200520019167.9	  	Lai Jianhui
	37	  	794308	  	 One type of reinforced and tire-friendly 7.00 wheel
 一种加强及护胎型7.00车轮
	  	ZL 200520019166.4	  	Lai Jianhui

  
 3 

									
	 No.
	  	Patent Certificate
No.	  	 Name of Utility Model
	  	 Patent No.
	  	 Patent Owner

	38	  	794112	  	 One type of reinforced and tire-friendly 7.00 wheel rim section steel
 一种加强及护胎型7.00轮辋型钢
	  	ZL 200520019165.X	  	Lai Jianhui
	39	  	793730	  	 One type of reinforced and tire-friendly 7.00 locking ring section steel
 一种加强及护胎型7.00挡圈型钢
	  	ZL 200520019163.0	  	Lai Jianhui
	40	  	811146	  	 Tire-friendly wheel rim section steel
 护胎型轮辋型钢
	  	ZL 200520019170.0	  	Lai Jianhui
	41	  	917169	  	 One type of automatic balancer of automotive wheels
 一种汽车车轮用的自动平衡器
	  	ZL 200520019176.8	  	Lai Jianhui
	42	  	803709	  	 Wheel rim

车轮轮辋
	  	ZL 200520073169.6	  	Lai Jianhui
	43	  	801753	  	 Wheel rim section steel

车轮轮辋型钢
	  	ZL 200520073170.9	  	Lai Jianhui
	44	  	802193	  	 Bead-seat-reinforced wheel rim section steel
 胎圈座加强的轮辋型钢
	  	ZL 200520073172.8	  	Lai Jianhui
	45	  	801994	  	 Bead-seat-reinforced wheel rim
 胎圈座加强的轮辋
	  	ZL 200520073171.3	  	Lai Jianhui
	46	  	812450	  	 Modified wheel

改型车轮
	  	ZL 200520110475.2	  	Lai Jianhui
	47	  	811963	  	 Radiating reinforced wheel disc
 散热加强型车轮轮辐
	  	ZL 200520110473.3	  	Lai Jianhui
	48	  	812214	  	 Modified wheel rim section steel
 车轮用改型轮辋型钢
	  	ZL 200520110474.8	  	Lai Jianhui
	49	  	826269	  	 New-type automotive section steel wheels
 新型汽车型钢车轮
	  	ZL 200520122073.4	  	Lai Jianhui
	50	  	826496	  	 New-type wheel rim section steel
 新型车轮轮辋型钢
	  	ZL 200520122074.9	  	Lai Jianhui

 Hereby agree
to license Zhengxing Wheel Group Co., Ltd. to use the foregoing patents free of charge within the license period. This Patent License Agreement shall remain valid from July 1, 2007 until June 30, 2017. 

 

			
	Lisenser: /s/ Lai Jianhui
		 	July 1, 2007

  
 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]