Hydrogen Supply Agreement
Exhibit 10.4
Party A: Shenma Industrial Co., Ltd. (“Shenma”)
Party B: Henan Province Pingdingshan Hongli Coal & Coke Co., Ltd. (“Hongli”)
As Hongli has established the project to extract 12,000 cubic meters of syngas per hour from coke (Yu Pingshiji Make [2014] 06316), which will enable Hongli to provide syngas by September 2015, and Henan Shenma Nylon Chemical Industry Co., Ltd. has a great demand of hydrogen in its production process, the two parties reached a supply agreement and the terms are as follows:
| 1. | Amount: 12,000 cubic meters per hour |
| 2. | Quality: in excess of 99.95% purity to meet the production needs of Party A |
| 3. | Price: fluctuates in line with market conditions |
| 4. | Transportation: Party B will deliver to Party A and cover the shipping cost |
| 5. | Measurement and quality inspection will be determined by Party A |
| 6. | Settlement will be done once a month |
The two parties will negotiate to solve other unwritten matters.
Entry date: 10/16/2014
