Exhibit 10.30
SALES CONTRACT OF ANTHRACITE COAL
This contract is made and entered into by and between Shandong Bangsheng
Chemical Co., Ltd (hereinafter referred to as Party A) and Jincheng City Yapeng
Economy & Trade Co., Ltd (hereinafter referred to as Party B); whereas the needs
of Party A's production and the result of the public bidding, Party A agrees to
sign this Sales Contract of Anthracite Coal dated the sixth day of March, 2005.
The specific terms and conditions are stipulated as follow:
I. The Supply Quantity of Anthracite Coal
The yearly quantity of anthracite coal supplied by Party B to Party A shall be
3,500 tons whose supply shall be in a balanced manner and shall not be suspended
and the contract period shall be a full year.
II. The Quality Standards of the Supplied Coal
The anthracite coal supplied by Party B to Party A shall be up to the quality
standards of Party A and detailed provisions on the quality standards will be
attached.
III. The Price of the Anthracite Coal
For the moment, XXX 000 yuan per ton and the price shall fluctuate in line with
market conditions.
IV. Mode of Transportation
Party B shall be responsible for all transportation cost.
V. Delivery and the Computing Mode of Losses
(1) The weighing done by Party A shall be the final, and Party B shall ask
for the payment upon the weighing slip.
(2) Party A shall check the quality of the anthracite coal delivered by
Party B in each truck.
VI. Method of Payment
In principle, the mode of payment shall be cash on delivery. Party A shall pay
off all payments within three months after the termination of the cooperation of
the two parties.
VII. Breach Liability
This Contract shall become effective as of the date when it is signed. The two
parties shall be abide by and perform it. If there are some general questions
arise, the two parties shall settle them through negotiations. If the two
parties fail to settle them through negotiations, they can be submitted to the
People' Court of Tai'an City to decide.
VIII. This Contract is in duplicate, and each party has one copy.
PARTY A: PARTY B:
Shandong Bangsheng Chemical Co., Jincheng City Yapeng Economy &
Ltd Trade Co., Ltd
/s/ Wang Gongqin /s/ Xxxx Xxxxxx
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AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE
