SHANGHAI RUIKUN METAL MATERIALS CO., LTD. HONGKONG RUIKUN HOLDINGS GROUP CO., LTD.

DATE: 19th APR, 2011 SUB: Contract

Add: 10F, NO.29, EAST WENSHUI RD., HONGKONG DISTRICT, SHANGHAI 200437, CHINA TEL: +86-21-6095 9125 FAX: +86-21-60959125

SALES CONTRACT
CONTRACT NO. WY110419
THE SELLER: SHANGHAI RUIKUN METAL MATERIALS CO.,LTD ADDRESS: 10F, NO.29, EAST WENSHUI RD., HONGKOU DISTRICT, SHANGHAI 200437, CHINA TEL: +86-13701979102 FAX: +86-21-60959125 THE BUYER: ADDRESS: TEL:

FAX:

THE CONTRACT IS MADE BETWEEN THE BUYER AND THE SELLER WHEREBY THE BUYER AGREES TO BUY AND THE SELLER AGREES TO SELL THE UNDERMENTIONED GOODS SUBJECT TO THE TERMS AND CONDITIONS STIPULATED HEREAFTER: DESCRIPTION OF GOODS AND/OR SERVICE:CHANNEL

DESCRIPTION CHANNEL CHANNEL CHANNEL TOTAL

DIMENSION(mm) 0.43*68*35*22*3000mm 0.43*38*12*3000mm 0.43*24*24*3000mm -

QTY (PCS) 12000 12000 12000 36000

PRICE (USD/PC) CFR 0.915 USD/PC CFR 0.535 USD/PC CFR 0.435 USD/PC -

AMOUNT(USD) USD 10980 USD 6420 USD 5220 USD 22620

OTHER CONDITIONS: 1.PAYMENT TERM: 30%TT AS DEPOSIT,30% ADVANCE PAYMENT BY TT WITHIN 3 DAYS WHEN THE CONTRACT IS SIGNED AND BALANCE 70% ON PACKING LIST WITHIN 7DAYS BY TT AFTER SHIPMENT.THE BUYERS WILL BE RESPONSIBLE FOR LOST CAUSED BY DELAY OF PAYMENT. 2.TOTAL QUANTITY: THE TOTAL WEIGHT AND TOTAL AMOUNT SHOULD ACCEPT TOLERANCE 10%. 3.SHIPPING MARK : AS PER TO THE SELLER'S OPINION 4.ORIGIN: PEOPLES REPUBLIC OF CHINA 5.PACKING: STANDARD EXPORT PACKING 6.INVOICING: THE ORETICAL WEIGHT 7.DATE OF SHIPMENT: ON OR BEFORE MAY 30TH, 2011 8.PARTIAL SHIPMENT: NOT ALLOWED. 9.TRANSHIPMENT NOT ALLOWED.
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10.LOADING PORT: 11.PRICE TERM:

PORT OF CHINA CNF MUSCAT

12.DOCUMENTS TO BE PRESENTED:THE FOLLOWING DOCUMENTS TO BE PRESENTED WITHIN 21 WORKING DAYS AFTER HAVING RECEIVED BUYERS PAYMENT 1)SIGNED COMMERCIAL INVOICE IN TRIPLICATE 2)PACKING LIST SHOWING TOTAL NUMBER OF BUNDLES AND TOTAL WEIGHT 3)FULL SET OF BILLS OF LADING 13.CLAIM: CLAIMS IF ANY WILL BE PASSED ON THEIR MERITS PROVIDE NOTICE OF SUCH CLAIMS IS RECEIVED IN WRITING BY SELLER WITHIN 20 DAYS FROM THE COMPLETION OF DISCHARGE FOR SHORTWEIGHT, 30 DAYS FOR VISIBLE DEFECTS AND 45 DAYS FOR HIDDEN DEFECTS. SUCH CLAIM MUST BE SUPPORTED BY INSPECTORATE (OR MUTUALLY AGREED ON INDEPENDENT INTERNATIONAL SURVEYOR) REPORT. IN CASE OF SHORTWEIGHT CLAIM, MUST BE SUPPORTED BY TRUCK WEIGHT BRIDGE RECEIPTS AT PORT OF DISCHARGE. IF THERE WILL BE SGS REPORT AT DISCHARGING PORT IT IS FINAL FOR BOTH QUANTITY AND QUALITY, FOR ACTUAL WEIGHT +/-0.5% DIFFERENCE BETWEEN THE SELLERS AND BUYERS WEIGHING IS ALLOWED. 14.FORCE MAJEURE: NEITHER SELLER NOR BUYER SHALL BE LIABLE FOR ANY DELAY OR FAILURE OF PERFORMANCE UNDER THIS CONTRACT WHERE SUCH FAILURE OR DELAY IS CAUSED BY FORCE MAJEURE BEING ANY EVENT, OCCURRENCE OR CIRCUMSTANCES REASONABLY BEYOND THE CONTROL OF EITHER PARTY, INCLUDING BUT NOT LIMITED TO: FAILURE OR DELAY CAUSED BY OR RESULTING FROM ACTS OF GOD, STRIKES, FIRES, FLOODS, WARS (WHETHER DECLARED OR UNDECLARED), RIOTS, DELAYS OF CARRIERS DUE TO BREAKDOWN OR ADVERSE WEATHER, PERILS OF THE SEA, EMBARGOES, ACCIDENTS RESTRICTIONS IMPOSED BY ANY GOVERNMENTAL AUTHORITY (INCLUDING ALLOCATION, PRIORITIES, REQUISITIONS, QUOTAS AND PRICE CONTROLS). THE TIME OF SELLER TO MAKE OR BUYER TO RECEIVE, THEREUNDER SHALL BE EXTENDED DURING ANY PERIOD IN WHICH DELIVERY SHALL BE DELAYED BY REASON OF ANY OF THE FOREGOING CAUSES UP TO TOTAL 30 DAYS. IF ANY DELIVERY HEREUNDER SHALL BE SO DELAYED OR PREVENTED FOR MORE THAN 30 DAYS, EITHER PARTY MAY TERMINATE THIS CONTRACT WITH RESPECT TO SUCH DELIVERY UPON WRITTEN NOTICE TO THE OTHER PARTY. SUCH WRITTEN NOTICE OF TERMINATION SHALL NOT APPLY TO MATERIAL FOR WHICH FREIGHT SPACE HAS ALREADY BEEN CONTRACTED. 15.ARBITRATION: ALL DISPUTES IN CONNECTION WITH THIS CONTRACT OR THE
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EXECUTION THEREOF SHALL BE SETTLED BY FRIENDLY NEGOTIATION. IF NO SETTLEMENT CAN BE REACHED, THE CASE IN DISPUTE SHALL THEN BE SUBMITTED FOR ARBITRATION TO THE INTERNATIONAL CHAMBER OF COMMERCE (ICC) IN HONGKONG. THE ARBITRAL AWARD SHALL BE ACCEPTED AS FINAL AND BINDING UPON BOTH PARTIES. THE ARBITRATION EXPENSES SHALL BE BORNE BY THE LOSING PART UNLESS OTHERWISE AWARDED BY THE ARBITRATION ORGANIZATION. 16.CONDITIONS OF SALE : THIS CONTRACT WILL BE COVERED BY THE PROVISIONS OF INCOTERMS 2000. THE SIGNED CONTRACT SHALL BE TRANSMITTED BY FACSIMILE. THE BUYER SHOULD SHARE THE 100% LOST OF THE TAX CHANGES IN CASE ANY FURTHER TAX CHANGES COULD BE ANNOUNCED BY CHINESE GOVERNMENT.

REMARKS : THE ABOVE PRICE AGREED DOES NOT INCLUDE ANY TAXES, DUTIES OR OTHER LEVIES PAYABLE AT PORT/COUNTRY OF DESTINATION: SUCH CHARGES ARE FOR THE ACCOUNT OF THE BUYER. THE CONTRACT WILL BE VALID AND BINDING AFTER BOTH THE BUYERS AND THE SELLERS STAMP AND SIGNATURE. FAX COPIES WHICH ARE SIGNED BY BOTH PARTIES SHALL HAVE FORCE AS ORIGINAL.

(STAMP) -------------------------------------------------(THE SELLER) DATE: / /

(STAMP) ------------------------------------------------(THE BUYER) DATE: / / THE END

Bank information Company NameHONGKONG RUIKUN HOLDINGS GROUP CO.,LIMITED Bank Account: OSA82753293061154 Swift Code: COMMCN3XOBU BANK NAME: BANK OF COMMUNICATIONS OFFSHORE BANKING Company Informations Company Name: SHANGHAI RUIKUN METAL MATERIALS CO.,LTD Address: RONGHUI BUILDING NO29,EAST WENSHUI RD,SHANGHAI Postal Code: 200437 Fax: 0086 21 60959125

CENTER

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