Agreement for Sale of Commodity, dated October 12, 2010, by the Fifth Season (Zhejiang) Commerce and Trade Co., Ltd and Shanghai Tongli Metal Co., Ltd.
Exhibit 10.21
Agreement for Sale of Commodity, dated October 12, 2010, by
the Fifth Season (Zhejiang)
Commerce and Trade Co., Ltd and Shanghai
Tongli Metal Co., Ltd.
Supplier: The Fifth Season (Zhejiang) Commerce and Trade Co.,
Ltd
Buyer: Shanghai Tongli Metal Co., Ltd
Article 1:
Product name, trademark, Quantity,
Unit Price and Total Amount
| Product name | Warehouse | Trademark | Quantity (Ton) |
Unit Price (Yuan/Ton) |
Total Amount |
| Copper | Qichu | ENM | 99.84 | 62650 | 6,254,976 |
| Copper | Tie Shan Ku | Dajiang Daban | 150,755 | 62650 | 9,444,800.75 |
| Copper | Hu Min Ku | Jinshan Daban | 148,733 | 62650 | 9,303,249.15 |
| Total | 399,328 | 25,003,025.9 |
Article 2: Place of Delivery and Delivery Types
Deliver goods after receipt of payment of the goods on October 12, 2010.
Article 3: Applicable Standard
GB/T467-1997
Article 4: Inspection Method and Period for Raising Objections
Buyer shall inspect the goods provided by the supplier in a timely manner. In the event that there is problem with the goods, Buyer shall raise objection within 3 days after receiving the goods. Where objection raised after this period shall be deemed as invalid and has no legal efficacy.
Article 5: Packing Method
Comply with the <Hu ▇▇▇ ▇▇▇▇ Ge No.10 Schedule (1) >
Article 6: Objection Processing Time Limit
Supplier shall reply to the buyer within 3 days after receiving the written objection, any reply given after such period shall be deemed as accepted.
Article 7: Transportation Costs
All of the transportation costs shall be payable by buyer.
Article 8: Weigh Verification and Reasonable Pounds Difference
The reasonable disparity on weight shall be between +/-0.2%/pound, the excess shall be settled by consultation.
Article 9: Method of Settlement
Delivery on payment.
Article 10: Dispute Resolution
In the event that any dispute arising in the process of executing this contract, shall be settled by consultation, In the case of no agreement is reached after consultation, both parties are entitled to bring an action at the People’s Court where the contract is concluded.
Article 11: Other agreed matters:
a) This contract will take effect after both parties have
affixed the seals.
b) The facsimile versions of this contract shall have the
same legal effect as this contract if the facsimile documents have been verified
by both parties.
c) The above price includes value-added tax. Supplier shall
issue the Special VAT Invoice based on the above price to buyer in a timely
manner.
Supplier: The Fifth Season (Zhejiang) Trade Co., Ltd
By:
/s/ The Fifth Season (Zhejiang) Trade Co., Ltd
Date: 2010-10-12
Buyer: Shanghai ▇▇▇▇ ▇▇ Metal Co., Ltd
By: /s/
Shanghai ▇▇▇▇ ▇▇ Metal Co., Ltd
Date: 2010-10-12