Coal Tar sales contracts
Exhibit 10.29
Seller: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Coking Co., Ltd
Purchaser: Taiyuan Hongxing Carbon Co., Ltd
The Seller and Purchaser reach the following agreement through friendly negotiation.
1. Product name: Coal Tar
2. Quantity: 1100 Ton/Month
3. Price: RMB2300 / Ton (including tax). It shall inform the purchaser in a timely manner if there is a change in price.
(Due to the fluctuation of the price, the price shall be adjusted through a Price Adjustment Letter)
4. Quality Standard: the first class national standard: Water Content<=4%, Density 1.15g/cm3--1.20g/cm; Light oil:1%;carbolic oil 2%; acyl oil:4%,asphalt:65%~70%; ash<=0.14%
The quality is subject to seller’s laboratory test report, purchaser may check it. It shall be settled through negotiation if dispute arise.
5. Settlement amount and reasonable loss: It shall be based on the weights calculated from seller, purchaser supervise the weight process. It shall be settled through negotiation if the weight difference is significant.
6. Settlement: Money transfer or bill of exchange with tax receipt of 17% value-added tax.
7. Delivery place and method: By trucks and purchase bear the cost
8. Default responsibility and solutions: The default party takes the full responsibility, and it shall be settled through negotiation if there is a contract dispute.
9. The contract is in duplicate, seller and purchaser each hold a contract, the contract come into force once it is signed and sealed by both parties.
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Seller: Xiaoyi Jinhui Coal&Coking Co., Ltd
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Purchaser: Taiyuan Hongxing Carbon Co. Ltd
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Signature (Seal)
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Signature (Seal)
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Valid period: From January 1, 2008 to December 31, 2008