Document:

ex10-1.htm

Exhibit 10.1

INVESTMENT BANKING AND CORPORATE FINANCE ADVISORY

SERVICES AGREEMENT

FRIEDLAND CAPITAL INC. ("FRIEDLAND") hereby agrees to provide to ________________ (the "Company") Investment banking and Corporate Finance Advisory Services designed to achieve the Company's corporate finance objectives, specifically with the objective of the Company's shares (or the shares of a successor entity controlled by the Company or its shareholders) becoming publicly-traded in the United States.

 

 

	
1.  

	
General Summary of Advisory Services

FRIEDLAND agrees to provide to the Company general advisory services, which shall include:

	
·  

	
Determination of the corporate finance strategy

 

	
·  

	
Assistance in the selection of a firm for pre listing accounting/auditing services

 

	
·  

	
Assistance in the selection of a U.S. auditing firm

 

	
·  

	
Assistance in the selection of a Chinese corporate lawyer and a U. S. securities lawyer

 

	
·  

	
Assistance in the selection of a US based independent director

 

	
·  

	
Assistance in the selection of a US based chief financial officer (CFO) who is familiar with US Generally Accepted Accounting Principles (GAAP) and SEC filing requirements for US publicly-traded companies.

 

	
·  

	
Assistance in establishing a holding company (the "Holding Company") that will become the publicly traded entity in the U.S.

 

	
·  

	
Assistance in positioning the Company for presentation to investors with the objective of obtaining pre-listing private placement investment. This shall include preparation of a PowerPoint presentation, corporate profile and business plan, and working with the US securities lawyer regarding the structuring and preparation of offering documents and investor subscription materials

 

	
·  

	
Preparation of a corporate profile for the Company

 

	
·  

	
Preparation of a business plan

 

	
·  

	
Assistance in coordinating with the Company's US legal counsel, the auditor and other experts in the preparation and filing of the appropriate filings for the Holding Company to be filed with the U.S. Securities & Exchange Commission (SEC).

 

	
·  

	
As a first step in working towards a NASDAQ listing, assistance in working with a Financial Industry Regulatory Authority (FINRA) market maker regarding the preparation and filing of a Form 211 with FINRA for the trading of the Company's shares on the OTC Bulletin Board, and then, once the Company meets the requirements for NASDAQ, assisting the Company and its US legal counsel in the preparation of a NASDAQ listing application.

 

	
·  

	
Assistance in positioning the Company for a listing on NASDAQ, which will include FRIEDLAND's investor relations and awareness program, which will commence once the Company's shares begin trading on the OTC Bulletin Board. The objective of the investor relations and awareness program will be to increase the number of public shareholders and the number of shares to be held by public shareholders to meet NASDAQ's minimum shareholder, public float and other listing requirements.

 

  

1

  

 

The objective of the Company's shares becoming publicly-traded will not be to initially raise a substantial sum of capital, but instead to become publicly traded so that the Company will have access to the capital markets, specifically through private equity transactions including PIPE (Private Investments in Public Equity) transactions as a publicly-traded company.

The corporate finance advisory services provided by FRIEDLAND will cease upon the Company's shares becoming traded on NASDAQ. However, if after the Company's shares start trading on the OTC Bulletin Board, the Company engages another firm to provide Investor Relations and awareness services, or as a corporate finance advisory or investment banker, FRIEDLAND's Investor Relations and awareness services will cease. After the Company's shares are traded on NASDAQ, the Investor Relations services will be provided by FRIEDLAND, subject to the Company desiring FRIEDLAND to provide these Investor Relations services, and subject to FRIEDLAND being compensated by the Company for the Investor Relations services on an ongoing basis, with the cost for the services being mutually agreed upon by the Company and FRIEDLAND. And, although the corporate finance advisory services will terminate upon the trading of the Company's shares on NASDAQ, or sooner, as indicated above in the event that the Company engages another firm as an investment banker or corporate finance advisor, if desired by the Company and agreed to by FRIEDLAND, FRIEDLAND will continue to provide corporate finance advisory services and will assist the Company in achieving its corporate finance objectives.

	
2.  

	
Costs for Advisory Services

The Company agrees to pay to FRIEDLAND for the advisory services to be provided by FRIEDLAND the following fees based on certain benchmarks being reached:

	
·  

	
RMB 400,000 within three working days after the execution of this Agreement and prior to the initiation of any services by FRIEDLAND;

 

	
·  

	
RMB 400,000 within three working days before the engagement of U.S Auditor.

 

	
·  

	
RMB 400,000 within three working days before a U.S. Road show.

 

	
·  

	
RMB 900,000 within three working days after the receipt of funds by the Company from a pre-listing private placement;

 

	
·  

	
RMB 300,000 within three working days after the commencement of trading of the Company’s shares on the OTC BB.

 

	
·  

	
RMB 300,000 within three working days after the Company's shares becoming publicly-traded in the NASDAQ.

 

The investment banking and corporate finance advisory services to be provided by FRIEDLAND shall commence upon the receipt by FRIEDLAND of an executed copy of this Investment Banking and Corporate Finance Advisory Services Agreement and the payment by the Company to FRIEDLAND of the initial investment banking and corporate finance advisory fee.

In the event that any payments due under this Agreement are not paid when due, FRIEDLAND shall immediately have the option of stopping its services until such time as the past due payments are made, and a penalty of 0.1% on the payment due will be charged on a daily basis.

 

  

2

  

 

The Company shall pay to FRIEDLAND penalty at double amount of the total costs for advisory  services stated in this agreement, in case that certain Company behavior is in violation of this agreement, or the Company terminates this agreement without reason, or provides any false information that leads to the failure to perform its duty correspondingly by FRIEDLAND.

FRIEDLAND shall return to the Company all cash payments made to FRIEDLAND, in the event that the Company is not able to go public in the U.S. due to gross negligence or unlawful misconduct by FRIEDLAND.

	
3.  

	
Disclosure

It is anticipated that the Holding Company will be the company that will become the publicly traded entity. The Holding Company will be compensating FRIEDLAND, and/or an affiliate of FRIEDLAND based on the estimate of the number of shares to be outstanding upon the registration statement being filed with the SEC in an amount estimated to represent 12% of the shares of the Holding Company outstanding upon the Company's shares becoming publicly-traded. FRIEDLAND, and/or an affiliate of FRIEDLAND shall have the option to allocate all or a portion of these shares to other parties.

Payments due under this Agreement shall be paid by wire transfer.

	
4.  

	
Representation and Warranties

The Company represents and warrants to FRIEDLAND as follows:

	
a.  

	
The Company has been duly formed;

 

	
b.  

	
The execution of this Agreement has been duly authorized by the Company and does not require the consent of or notice to any party not previously obtained or given, and

 

	
c.  

	
The Company shall indemnify and save FRIEDLAND harmless against any claims, damages, liabilities and causes of action, including but not limited to reasonable attorney fees, which arise by reason of the consulting services provided by FRIEDLAND hereunder, or by reason of an act FRIEDLAND may do on behalf of, or at the request of the Company, provided that FRIEDLAND's actions and activities in providing the advisory services hereunder, and any such act undertaken by FRIEDLAND on behalf of, or at the request of the Company, consistent with the provisions of this Agreement are undertaken in good faith, and do not involve gross negligence or unlawful misconduct by FRIEDLAND;

 

	
d.  

	
The Company will provide accurate financial statements and other company documents;

 

	
e.  

	
The Company will maintain the confidentiality of information provided by FRIEDLAND;

 

	
f.  

	
The Company will have a qualified Chinese and English translator and interpreter available to it throughout the term of this contract.

 

FRIEDLAND represents and warrants to the Company as follows:

	
a.  

	
FRIEDLAND has been duly formed under the laws of the United States in the State of Colorado;

 

	
b.  

	
The execution of this Agreement and the performance of FRIEDLAND's obligations hereunder does not require the consent of or notice to any party not previously obtained or given and there is nothing that prohibits or restricts the execution by FRIEDLAND of this Agreement or its performance of its obligations hereunder attached hereto;

 

  

3

  

 

	
c.  

	
FRIEDLAND will maintain the confidentiality of information provided to FRIEDLAND by the Company, unless it needs to be disclosed to governmental regulatory authorities or provided to financing sources.

 

	
5.  

	
Covenants

Each of FRIEDLAND and the Company covenants that it will diligently, skillfully and in good faith do and perform the acts and duties required herein.

	
6.  

	
Miscellaneous

	
  

	
6.1

	
Notice All notices, requests, demands, directions and other communications ("Notices") provided for in this Agreement shall be in writing and shall be mailed or delivered personally or sent by facsimile to the applicable Party at the address of such Party set forth below in this Section 6.1. When mailed, each such Notice shall be sent by first class, certified mail, return receipt requested, enclosed in a postage prepaid wrapper, and shall be effective on the third business day after it has been deposited in the mail. When delivered personally, each such Notice shall be effective when on the first business day on which or after which it is delivered to the address for the respective Party set fo rth in this Section 6.1. When sent by facsimile, each such Notice shall be effective on the first business day on which or after which it is sent. Each such Notice shall be addressed to the Party to be notified as shown below:

THE COMPANY:

FRIEDLAND:  FRIEDLAND CAPITAL INC.

Attention: Jeffrey O. Friedland, Managing Director

789 Sherman Street, Suite 550

Denver, CO 80203

Fax: 1-303-957-1463

Either Party may change its respective address for purposes of this Section 6.1 by giving the other Party Notice of the new address in the manner set forth above.

	
  

	
6.2

	
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law. If any provision of this Agreement shall be or become prohibited or invalid in whole or in part for any reason whatsoever, that provision shall be ineffective only to the extent of such prohibition or invalidity without invalidating the remaining portion of that provision or the remaining provisions of this Agreement.

	
  

	
6.3

	
Non-Waiver. The waiver of any Party of a breach or a violation of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach or violation of any provision of this Agreement.

 

  

4

  

 

	
  

	
6.4

	
Best Efforts Undertaking. It is understood that the advisory services to be provided by FRIEDLAND are being provided on a best-efforts basis, and that there is no guarantee that the advisory services to be provided by FRIEDLAND will result in the Company, or the Holding Company in fact become publicly-traded, due to a number of factors, including general economic and market conditions, changes in governmental, stock exchange, FINRA or other regulations, due diligence results, and the financial condition of the Company as evidenced by the Company's to be prepared audited financial statements.

	
  

	
6.5

	
Amendment No amendment or modification of this Agreement shall be deemed effective unless and until it has been executed in writing by the Parties to this Agreement. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel to enforce any provision of this Agreement, except by a written instrument that has been executed by the Party charged with such waiver or estoppel.

	
  

	
6.6

	
Inurement. This Agreement shall be binding upon all of the Parties, and it shall benefit, respectively, each of the Parties, and their respective employees, agents and successors. Except as expressly provided herein, there are no third party beneficiaries to this Agreement, and this Agreement shall not be assignable by any party.

	
  

	
6.7

	
Headings. The headings to this Agreement are for convenience only; they form no part of this Agreement and shall not affect its interpretation.

	
  

	
6.8

	
Counterparts. This Agreement may be executed in one or more counterparts, all of which taken together shall constitute a single instrument.

	
  

	
6.9

	
Arbitration. Any controversy or claim arising out of or relating to this agreement, or the breach thereof, shall be settled through negotiation as initial effort, and then seek arbitration in China International Economic And Trade Arbitration Commission if the initial effort fails.

	
  

	
6.10

	
Choice Of Law This Agreement shall be construed in accordance with the laws of the United States of America, and parties agree to the sole jurisdiction of courts in the State of Colorado in the event of any dispute.

IN WITNESS WHEREOF, the Parties have executed this Agreement, as of the dates set forth below.

The Company:

_______________________________________Title_____________________Date 12/07/2009

FRIEDLAND CAPITAL INC.

___________________________________________________Date             December 7, 2009

Kristina Wang, Managing Director

 

 

  

5ex10-2.htm

Exhibit 10.2

ENTRUSTED MANAGEMENT AGREEMENT

 

BETWEEN

 

FAKEI INVESTMENT (HONGKONG) LIMITED,

HEBEI WU’AN YUANBAOSHAN INDUSTRY GROUP CO., LTD.

 

 

HANDAN HONGRI METALLURGY CO., LTD.

 

AND

 

NUOSEN (HANDAN) TRADING CO., LTD.

 

August 2010

 

HANDAN CHINA

 

 

 

 

 

 

 

 

  

  

  

 

 Entrusted Management Agreement

This Entrusted Management Agreement (the “Agreement”) is entered into on Auguat, 2010 in Handan, China by:

Party A:

 

	
1  

	
FAKEI INVESTMENT (HONGKONG) LIMITED, an enterprise incorporated in Hong Kong, owns 30 % shares of HANDAN HONGRI METALLURGY CO., LTD.;

	  	  
	
2  

	
HEBEI WU’AN YUANBAOSHAN INDUSTRY GROUP CO., LTD., an enterprise incorporated and existing within the territory of China, owns 70% shares of HANDAN HONGRI METALLURGY CO., LTD.

	  	  
	
3  

	
HANDAN HONGRI METALLURGY CO., LTD. is an enterprise incorporated and existing within the territory of China in accordance with the law of the People’s Republic of China, the registration number of its legal and valid Business License is 130400400001179 and the legal registered address is Guzhen Village, Yetao Town, Wu’an City, Hebei Province.

and

Party B:

NUOSEN (HANDAN) TRADING CO., LTD., is a wholly-foreign owned enterprise in PRC, and the registration number of its legal and valid Business License is 130000400003786 and its legal address is 1-1-3 No. 50, Congtai Rd., Congtai District, Handan City.

Whereas:

 

	
1  

	
Party A constitutes HANDAN HONGRI METALLURGY CO., LTD. (hereinafter referred to as “Opco”) and all of its shareholders holding all issued and outstanding shares of Opco. Under this Agreement, Opco, FAKEI INVESTMENT (HONGKONG) LIMITED and HEBEI WU’AN YUANBAOSHAN INDUSTRY GROUP CO., LTD. have acted collectively as one party to this Agreement;

	  	  
	
2  

	
NUOSEN (HANDAN) TRADING CO., LTD. (hereinafter referred to as “Party B”) is a wholly-foreign owned enterprise incorporated and existing within the territory of China in accordance with the law of the People’s Republic of China, the registration number of its legal and valid Business License is 130000400003786, and the legal registered address is 1-1-3 No. 50, Congtai Rd., Congtai District, Handan City.

	  	  
	
3  

	
Party A desires to entrust Party B to manage and operate Opco ;

	  	  
	
4  

	
Party B agrees to accept such entrustment and to manage Opco on behalf of Party A.

Therefore, in accordance with laws and regulations of the People’s Republic of China, the Parties agree as follows after friendly consultation based on the principle of equality and mutual benefit.

 

  

-1-

  

 

Article 1                          Entrusted Management

 

	
1.1

	
Party A agrees to entrust the management of Opco to Party B pursuant to the terms and conditions of this Agreement. Party B agrees to manage Opco in accordance with the terms and conditions of this Agreement.

	  	  
	
1.2

	
The term of this Entrusted Management Agreement (the “Entrusted Period”) shall be from the effective date of this Agreement to the earlier of the following:

 

	
   

	(1)	
the winding up of Opco, or

 

	
   

	(2)	
the date on which Party B completes the acquisition of Opco.

	  	  
	
1.3

	
 During the Entrusted Period, Party B shall be fully and exclusively responsible for the management of Opco. The management service includes without limitation the following:

	  	  
	
  

	(1)	
Party B shall be fully and exclusively responsible for the operation of Opco, which includes the right to appoint and terminate members of Board of Directors and the right to hire managerial and administrative personnel etc. Party A or its voting proxy shall make a shareholder’s resolution and a Board of Directors’ resolution based on the decision of Party B.

	  	  
	
   

	(2)	
Party B has the full and exclusive right to manage and control all cash flow and assets of Party A. Opco shall open one or designate more account(s) or as entrusted accounts. Party B has the full and exclusive right to decide the use of the funds in the entrusted accounts. The authorized signature of the accounts shall be appointed or confirmed by Party B. All of the funds of Opco shall be kept in this(these) account(s), including but not limited to its existing working capital and purchase price received from selling its production equipment, inventory, raw materials and accounts receivable to Party B (if any), all payments of funds shall be disbursed through this(these) entrusted account(s), including but not limited to the payment of all existing accounts payable and operating expenses, payment of employees salaries and purchase of assets, and all revenues from its operation shall be kept in such entrusted account(s).

	  	  
	
   

	(3)	
Party B shall have the full and exclusive right to control and administrate the financial affairs and daily operation of Opco, such as entering into and performance of contracts, and payment of taxes etc.

 

  

-2-

  

 

	
1.4

	
In consideration of the services provided by Party B hereunder, Party A shall pay an entrusted management fee to Party B which shall be equal to the earnings before tax (if any) of Opco. The entrusted management fee shall be as follows: during the term of this agreement, the entrusted management fee shall be equal to Opco’s estimated earnings before tax, being the monthly revenues after deduction of operating costs, expenses and taxes other than income tax. If the earnings before tax is zero, Opco is not required to pay the entrusted management fee; if Opco sustains losses, all such losses will be carried over to next month and deducted from next month’s entrusted management fee. Both Parties shall calculate, and Party A shall pay, the monthly entrusted management fee within 20 days of the following month. The above monthly payment shall be adjusted after the end of each quarter but before the filing of tax return for such quarter (the “Quarterly Adjustment”), so as to make the after-tax profit of Opco of that quarter is zero. In addition, the above monthly payment shall be adjusted after the end of each fiscal year but before the filing for the yearly tax return (the “Annual Adjustment”), so as to make the after-tax profit of Opco of that fiscal year is zero.

	  	  
	
1.5

	
Party B shall assume all operation risks out of the entrusted management of Opco and bear all losses of Opco. If Opco has no sufficient funds to repay its debts, Party B is responsible for paying off these debts on behalf of Opco; if Opco’s net assets are lower than its registered capital, Party B is responsible for funding the deficit.

	  	  
	Article 2         Rights and Obligations of the Parties
	  	  
	
2.1

	
During the term of this Agreement, Party A’s rights and obligations include:

	  	  
	
   

	(1)	
to hand over Opco to Party B for entrusted management as of the effectiveness date of this Agreement and to hand over all of business materials together with Business License and corporate seal of Opco to Party B;

	  	  
	
   

	(2)	
Party A has no right to make any decision regarding Opco’s operations without the prior written consent of Party B;

	  	  
	
   

	(3)	
to have the right to know the business conditions of Opco at any time and provide proposals;

	  	  
	 	(4)	
to assist Party B in carrying out the entrusted management in accordance with Party B’s requirement;

	  	  
	
   

	(5)	
not to intervene Party B’s management over Opco in any form by making use of shareholder’s power;

 

  

-3-

  

 

	
   

	(6)	
not to entrust or grant their shareholders’ rights in Opco to a third party other than Party B without Party B’s prior written consent;

	  	  
	
   

	(7)	
not to otherwise entrust other third party other than Party B to manage Opco in any form without Party B’s prior written consent;

	  	  
	
  

	(8)	
not to terminate this Agreement unilaterally with for any reason whatsoever; or

	  	  
	
   

	(9)	
to enjoy other rights and perform other obligations under the Agreement.

	  	  
	
2.2

	
During the term of this Agreement, Party B’s rights and obligations include:

	  	  
	
   

	(1)	
to enjoy the full and exclusive right to manage Opco independently;

	  	  
	
   

	(2)	
to enjoy the full and exclusive right to dispose of all assets of Opco;

	  	  
	
   

	(3)	
to enjoy all profits and bear losses arising from Opco’s operations during the Entrusted Period;

	  	  
	
   

	(4)	
to appoint all directors of Opco;

	  	  
	
   

	(5)	
to appoint the legal representative, general manager, deputy general manager, financial manager and other senior managerial personnel of Opco; and

	  	  
	
   

	(6)	
to enjoy other rights and perform other obligations under the Agreement.

	  	  
	Article 3         Representations and Warranties
	  	  
	
The Parties hereto hereby make the following representations and warranties to each other as of the date of this Agreement that:

 

	
   

	(1)	
has the right to enter into the Agreement and the ability to perform the same;

	  	  
	
   

	(2)	
the execution and delivery of this Agreement by each party have been duly authorized by all necessary corporate action;

 

  

-4-

  

 

	
   

	(3)	
the execution of this Agreement by the officer or representative of each party has been duly authorized;

	  	  
	
   

	(4)	
each party has no other reasons that will prevent this Agreement from becoming a binding and effective agreement between both parties after execution;

	  	  
	
   

	(5)	
the execution and performance of the obligations under this Agreement will not:

	
   

	 	(a)	
violate any provision of the business license, articles of association or other similar documents of its own;

	
   

	 	(b)	
violate any provision of the laws and regulations of PRC or other governmental or regulatory authority or approval;

	
   

	 	(c)	
violate or result in a breach of any contract or agreement to which the party is a party or by which it is bound.

 

Article 4         Effectiveness

This Agreement shall take effect after it is duly executed by the authorized representatives of the parties hereto with seals affixed.

 

Article 5         Liability for Breach of Agreement

During the term of this Agreement, any violation of any provisions herein by either party constitutes breach of contract and the breaching party shall compensate the non-breaching party for the loss incurred as a result of this breach.

Article 6         Force Majeure

The failure of either party to perform all or part of the obligations under the Agreement due to force majeure shall not be deemed as breach of contract. The affected party shall present promptly valid evidence of such force majeure, and the failure of performance shall be settled through consultations between the parties hereto.

 

Article 7         Governing Law

The conclusion, validity, interpretation, and performance of this Agreement and the settlement of any disputes arising out of this Agreement shall be governed by the laws and regulations of the People’s Republic of China.

 

  

-5-

  

 

Article 8         Settlement of Dispute

Any disputes under the Agreement shall be settled at first through friendly consultation between the parties hereto. In case no settlement can be reached through consultation, each party shall have the right to submit such disputes to China International Economic and Trade Arbitration Commission in Beijing.  The Place of arbitration is Beijing. The arbitration award shall be final and binding on both parties.

 

Article 9         Confidentiality

 

	9.1	The parties hereto agree to cause its employees or representatives who has access to and knowledge of the terms and conditions of this Agreement to keep strict confidentiality and not to disclose any of these terms and conditions to any third party without the expressive requirements under law or request from judicial authorities or governmental departments or the consent of the other party, otherwise such party or personnel shall assume corresponding legal liabilities.
	 	 
	9.2	The obligations of confidentiality under Section 1 of this Article shall survive after the termination of this Agreement.

 

           Article 10       Severability

 

	10.1	Any provision of this Agreement that is invalid or unenforceable due to the laws and regulations shall be ineffective without affecting in any way the remaining provisions hereof.
	 	 
	10.2	In the event of the foregoing paragraph, the parties hereto shall prepare supplemental agreement as soon as possible to replace the invalid provision through friendly consultation.

 

Article 11       Non-waiver of Rights

     

	11.1 	Any failure or delay by any party in exercising its rights under this Agreement shall not constitute a waiver of such right.
	 	 
	11.2	Any failure of any party to demand the other party to perform its obligations under this Agreement shall not be deemed as a waiver of its right to demand the other party to perform such obligations later.
	 	 
	11.3	If a party excuses the non-performance by other party of certain provisions under this Agreement, such excuse shall not be deemed to excuse any future non-performance by the other party of the same provision.

 

  

-6-

  

 

Article 12       Non-transferability

Unless otherwise specified under this Agreement, no party can assign or delegate any of the rights or obligations under this Agreement to any third party nor can it provide any guarantee to such third party or carry out other similar activities without the prior written consent from the other party.

 

Article 13       Miscellaneous

 

	13.1	Any and all taxes arising from execution and performance of this Agreement and during the course of the entrusted management and operation shall be borne by the Parties respectively pursuant to the provisions of laws and regulations.
	 	 
	13.2	Any amendment entered into by the parties hereto after the effectiveness of this Agreement shall be an integral part of this Agreement and have the same legal effect as part of this Agreement. In case of any discrepancy between the amendment and this Agreement, the amendment shall prevail. In case of several amendments, the amendment with the latest date shall prevail.
	 	 
	13.3	This Agreement is executed by Chinese and English in duplicate and both the English version and Chinese version shall have the same effect. Each of the original Chinese and English versions of this Agreement shall be executed in four copies.
	 	 
	13.4	In witness hereof, the Agreement is duly executed by the parties hereto on the date first written above.

 

 

(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)

 

 

 

  

-7-

  

 

(Page of signature only)

Party A:

FAKEI INVESTMENT (HONGKONG) LIMITED

(seal)

Legal Representative/Authorized Representative (Signature):

HEBEI WU’AN YUANBAOSHAN INDUSTRY GROUP CO., LTD.

(seal)

Legal Representative/Authorized Representative (Signature):

HANDAN HONGRI METALLURGY CO., LTD.

(seal)

 

Legal Representative/Authorized Representative (Signature):

 

Party B:

NUOSEN (HANDAN) TRADING CO., LTD.

 (seal)

Legal Representative/Authorized Representative (Signature):

 

  

-8-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}]]