PROCUREMENT COOPERATION FRAME AGREEMENTCooperation Agreement |
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Exhibit 10.7
PROCUREMENT COOPERATION FRAME AGREEMENT
Consignor: Changshu Huaye Steel Strip Co., Ltd. (“Party A”)
Consignee: Shanghai Huaye Iron & Steel Group Co., Ltd. (“Party B”)
Based on the friendly negotiation and mutual benefits, the Parties reach the following agreement concerning procurement cooperation between the Parties:
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Party A agrees to entrust Party B to purchase source materials in the market and Party B agrees to accept such entrustment and promises to use its own purchase channels and personnel and try its best to purchase source materials at the lowest price and costs. |
