Coal Tar sales contracts

Exhibit 10.23

Coal Tar sales contracts

Seller: Xxxxxx Xxxxxxxxx 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: 800 Ton/Month

3, Price: RMB1700 / 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.

Seller: Xiaoyi Jinhui Coal&Coking Co., Ltd	Purchaser: Taiyuan Hongxing Carbon Co. Ltd
Signature (Seal)	Signature (Seal)

Valid period: From January 1, 2009 to December 31, 2009