Common use of Transaction nature Clause in Contracts

Transaction nature. Pursuant to each of the New Framework Agreements, Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas, each a non-wholly owned subsidiary of the Company, will respectively commit to purchase and Shanxi Gas will respectively commit to supply an annual minimum volume of natural gas during the term of the agreement, which is three years commencing from 1 January 2016 and expiring on 31 December 2018. Each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas (as the case may be) and Shanxi Gas is liable to the other for compensation if it fails to purchase or supply natural gas in the annual minimum volume as stipulated in the New Framework Agreement to which it is a party, save and except where such failure to meet the annual minimum volume was due to any force majeure events or the default of the other party. Any compensation is to be calculated based on pre-agreed formulae provided in the respective New Framework Agreement. Each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas may, under the respective New Framework Agreement, demand beyond the annual minimum volume of natural gas committed to be supplied by Xxxxxx Xxx. Shanxi Gas agrees to use its reasonable endeavour (but without any obligation) to meet such additional demand at an increase in purchase price subject to the terms and conditions under the respective New Framework Agreement. Under the New Framework Agreement to which it is a party, each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas has each committed to purchase a minimum volume of natural gas as set out in columns (II) to (IV) of the Table A below for years 2016 to 2018 respectively: Table A (I) (II) 2016 Minimum Volume (m3) (III) 2017 Minimum Volume (m3) (IV) 2018 Minimum Volume (m3) Yangquan CR Gas 78,220,000 84,140,000 90,020,000 Datong CR Gas 136,000,000 136,300,000 146,800,000 Hongdong CR Gas 22,891,800 25,200,900 27,502,200 Huozhou CR Gas 13,535,000 24,424,000 27,611,000 Yangqu CR Gas 17,000,000 20,000,000 25,000,000

Transaction nature. Pursuant to each of the New Framework Agreements, Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas, each a non-wholly owned subsidiary of the Company, will respectively commit to purchase and Shanxi Gas will respectively commit to supply an annual minimum volume of natural gas during the term of the agreement, which is three years commencing from 1 January 2016 2019 and expiring on 31 December 20182021. Under the respective New Framework Agreements, each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas has agreed to enter into annual supply contracts with Shanxi Gas to confirm the annual minimum volume of natural gas for each of year 2019, 2020 and 2021. Each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas (as the case may be) and Shanxi Gas is liable to the other for compensation (being the difference between the price that it would pay for the annual minimum volume and the price paid for actual amount of volume purchased or supplied) if it fails to purchase or supply natural gas in the annual minimum volume as stipulated in the annual supply contract under the New Framework Agreement to which it is a party, save and except where such failure to meet the annual minimum volume was due to any force majeure events or the default of the other party. Any compensation is to be calculated based on pre-agreed formulae provided in the respective New Framework Agreement. Each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas may, under the respective New Framework Agreement, demand beyond the annual minimum volume of natural gas committed to be supplied by Xxxxxx XxxShanxi Gas. Shanxi Gas agrees to use its reasonable endeavour (but without any obligation) to meet such additional demand at an increase in purchase price subject to the terms and conditions under the respective New Framework Agreement. Under the respective New Framework Agreement Agreements to which it is a party, subject to confirmation in the respective annual supply contract, each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas has each committed to purchase a minimum volume of natural gas as set out in columns (II) to (IV) of the Table A below for years 2016 2019 to 2018 2021 respectively: Table A (I) (II) 2016 2019 Minimum Volume (III) 2020 Minimum Volume (IV) 2021 Minimum Volume (m3) (III) 2017 Minimum Volume (m3) (IV) 2018 Minimum Volume (m3) Yangquan CR Gas 78,220,000 84,140,000 90,020,000 59,886,302 59,886,302 59,886,302 Datong CR Gas 136,000,000 136,300,000 146,800,000 130,550,623 130,550,623 130,550,623 Hongdong CR Gas 22,891,800 25,200,900 27,502,200 31,295,900 31,295,900 31,295,900 Huozhou CR Gas 13,535,000 24,424,000 27,611,000 11,267,072 11,267,072 11,267,072 Yangqu CR Gas 17,000,000 20,000,000 25,000,0008,057,814 8,057,814 8,057,814

Transaction nature. Pursuant to each of the New Framework Agreements, Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas, Yangqu CR Gas and Yangqu Loufan CR Gas, each a non-non- wholly owned subsidiary of the Company, will respectively commit to purchase and Shanxi Gas will respectively commit to supply an annual minimum volume of natural gas during the term of the agreement, which is three years commencing from 1 January 2016 2022 and expiring on 31 December 20182024. Each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas (as the case may be) and Shanxi Gas is liable to the other for compensation if it fails to purchase or supply natural gas in the annual minimum volume as stipulated in the New Framework Agreement to which it is a party, save and except where such failure to meet the annual minimum volume was due to any force majeure events or the default of the other party. Any compensation is to be calculated based on pre-agreed formulae provided in Under the respective New Framework Agreement. Each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Yangqu CR Gas may, under the respective New Framework Agreement, demand beyond the annual minimum volume of natural gas committed to be supplied by Xxxxxx Xxx. Shanxi Gas agrees to use its reasonable endeavour (but without any obligation) to meet such additional demand at an increase in purchase price subject to the terms and conditions under the respective New Framework Agreement. Under the New Framework Agreement to which it is a partyAgreements, each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas and Gas, Yangqu CR Gas and Loufan CR Gas has agreed to enter into annual supply contracts and supplemental contracts (if any) (collectively, the “Individual Agreements”) with Shanxi Gas to confirm the annual volume of natural gas for each committed of the year 2022, 2023 and 2024. The actual volume of natural gas to purchase be purchased by each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas, Yangqu CR Gas and Loufan CR Gas and supplied by Shanxi Gas respectively shall be subject to confirmation in the Individual Agreements. Under the respective New Framework Agreements to which each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas, Yangqu CR Gas and Loufan CR Gas is a minimum party, subject to confirmation in the respective Individual Agreements, Shanxi Gas will supply to each of Yangquan CR Gas, Datong CR Gas, Hongdong CR Gas, Huozhou CR Gas, Yangqu CR Gas and Loufan CR Gas the reference volume of natural gas as set out in columns (II) to (IV) of the Table A below for the years 2016 2022 to 2018 2024, respectively: Table A (I) (II) 2016 2022 Minimum Volume (m3) (III) 2017 2023 Minimum Volume (m3) (IV) 2018 2024 Minimum Volume (m3) Yangquan CR Gas 78,220,000 84,140,000 90,020,000 59,886,302 59,886,302 59,886,302 Datong CR Gas 136,000,000 136,300,000 146,800,000 130,550,623 130,550,623 130,550,623 Hongdong CR Gas 22,891,800 25,200,900 27,502,200 10,800,198 10,800,198 10,800,198 Huozhou CR Gas 13,535,000 24,424,000 27,611,000 9,653,256 9,653,256 9,653,256 Yangqu CR Gas 17,000,000 20,000,000 25,000,0008,057,814 8,057,814 8,057,814 Loufan CR Gas 76,307 76,307 76,307