Contract for Sales of Industrial and Mineral Products
Exhibit
10.63
Contract
for Sales of Industrial and Mineral Products
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Date
: January 1st,
2010
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Contract
No.:XXXX00000000
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Signed
at: Anyang Xinpu Steel Co., Ltd.
Seller:
Henan Shuncheng Group Coal Coke Co., Ltd.
Buyer:
Anyang Xinpu Steel Co., Ltd.
This
contract is entered into between the Seller and the Buyer on the basis of both
parties’ full consultation pursuant to the Contract Law of the People's Republic
of China.
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1.
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Commodity
and Specification, Quantity and
Amount
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Commodity
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Unit
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Quantity
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Unit Price (yuan)
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Amount (yuan)
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Remark
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|||||
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Coke,
Secondary metallurgical coke
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Ton
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10000
tons/month
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1820
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18,200,000
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Settled
by the actual supply
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|||||
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Total
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Eighteen
million and two hundred thousand
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|||||||||
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2.
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Quality
Standards: Inherent Carbon ≥85%, Ash
Content≤13%,
Vdaf≤1.8%,
Sulfur≤0.65%,
Moisture retention 8%, 1% of the losses occurred in transit is borne by
the seller, particle size 3-8cm, crushing strength M25≥88%, scurf
resistance M10≤8%.
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3.
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Methods
for inspection and acceptance: laboratory test to be made by the Buyer,
inspection weight to be weighed by the
Buyer.
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4.
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Penalty
standards:
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1.
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If
inherent Carbon is lower than 85%, a penalty of each 0.1 will be 2 yuan
per ton.
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2.
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If
sulfur is higher than 0.65%, a penalty of each 0.01 will be 2 yuan per
ton.
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3.
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If
moisture retention is higher than 8%, all the amounts of the excess part
are borne by the seller.
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4.
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If
crushing strength M25 is
lower than 88%, a penalty of each 1% will be 5 yuan per
ton.
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5.
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If
coke breeze content is higher than 4%, the amounts of the excess part are
borne by the seller.
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The above
penalties will be accumulated.
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5.
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Means
of transportation: Truck, to be picked up by the
Buyer.
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6.
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Delivery
date: From January 1st,
2010 to February 28th ,
2010
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7.
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Payment
for goods: settled against one invoice, issuing VAT invoices (tax rate:
17%). Paid in the form of bank acceptance, remit or trade
acceptance.
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8.
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Economic
responsibility: abiding by the terms of the Contract
Law.
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9.
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Dispute
Resolution: any disputes shall be settled through the consultation. If the
consultation is unsuccessful, the disputes shall be settled through the
lawsuit procedure.
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10.
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Other
matters:
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1.
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The
Seller shall be liable fro any economic losses to the Buyer caused by the
seller’s unqualified
products.
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2. The
Seller shall perform the contract according to the qualitative and quantitative
norms laid down in the contract. Any special circumstances occurred, the Seller
shall notice the Buyer 3 days prior to such occurrence, and the acceptance of
the Buyer is needed.
3. The
price fluctuates in response to market conditions, and shall be determined
through both parties’ consultation.
4. Full
VAT invoice shall be issued prior to the 28th of the
current month.
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5.
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Once
the case that the Seller adulterates coal and sells inferior coal as
quality coal is verified to be true, it will be seriously dealt
with.
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6.
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Once
the contract is entered, it shall be binding on both parties. In the
course of implementation of the contract, it shall not be arbitrarily
modified or terminated by both parities. Anything not covered in this
Contract will be discussed by both parties. If a supplement agreement is
needed to be concluded, such supplement agreement and this contract are
equally valid.
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11. This
contract has two copies, each of the party hold one. The expiry date of this
contract is February 28th,
2010.
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Buyer
(seal): [illegible]
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Anyang
Xinpu Steel
Co.,
Ltd.
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Seller
(Seal): [company seal and stamp]
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Henan
Shuncheng
Group
Coal Coke Co.,
Ltd.
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|||
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Responsible
person:
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Responsible
person:
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|||||
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Representative
person:
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Lv
Donglin
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Representative
person:
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||||
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Address:
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Beimeng
Industrial Park
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Address:
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TEL:
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0000-0000000
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TEL:
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0000-0000000
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Fax:
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0000-0000000
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Fax:
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||||
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Tax
ID Number:
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[410504775147913]
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Tax
ID Number:
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||||
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Bank
of deposit:
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Anyang
Sub-branch of Guangdong Development Bank
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Bank
of deposit:
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Zhongzhou
Sub-branch of PCBC
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|||
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Account
number:
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Account
number:
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|||
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Post
code:
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455000
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Post
code:
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Price
Adjustment Agreement
Seller:
Henan Shuncheng Group Coal Coke Co., Ltd.
Buyer:
Anyang Xinpu Steel Co., Ltd.
Due to
the accidents occurred in the coalmine in Shanxi, refined coal is in short
supply in the market. As a result, the coke cost of our company is increased
largely for the reason that mineral bureaus raised the prices of refined coal.
Price Commission of our company has decided to:
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1.
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The
price of the coal supplied to your company is raised by 70 yuan per ton
since April 23rd,
2010. The new base price after adjustment is 1850 yuan per ton with tax
included.
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2.
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The
after price will be adjusted in response to the market
conditions.
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Seller:
Henan Shuncheng Group Coal Coke Co., Ltd.
(seal)
[company seal and stamp]
Buyer:
Anyang Xinpu Steel Co., Ltd.
(seal) [company seal and stamp]
Date:
April 23rd,
2010
