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EXHIBIT10.22
Long Term Steel Scrap Supply Agreement
Party A: Mitsui & Co. (Shanghai) Ltd.
Tel: 021-38500500
Fax: 021-38500811
Party B: Armco (Lianyungang) Renewable Metals, Inc
Tel: 0518-86083879
Fax: 0518-86083864
Party A and Party B reached an agreement as following:
Party A purchase steel scrap from Party B on a monthly basis.
Type | Quantity(Tons/month) | |
Heavy Scrap | 5000±20% | Actual quantity would varies depending on the |
Furnace Burden | 5000±20% | market situation. |
Shredded Material | 5000±20% | |
Products would be picked up by Party A |
Party A would make advance payment for the joint purchase of raw materials and complete final purchase of the steel scrap upon completion of processing services.
The Agreement is valid from 2014-2-20 to 2015-1-20