Supply Agreement (Unofficial English Translation)
Exhibit 99.8
(Unofficial English Translation)
Contract No. X-JT20110101
Place of execution: Pindingshan
Date of execution: January 1, 2011
Seller: Henan Province Pindingshan Coal and Coking Co., Ltd.
Buyer: Wuhan Railway Zhongli Group Co., Ltd.
I. Purchase Order
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Amount of Purchase (metric tons)
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Name of Receiver
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Departure
Station
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Arrival
Station
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Goods
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Specification
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Yearly Total
Purchase
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First
Quarter
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Second
Quarter
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Third
Quarter
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Fourth
Quarter
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Wuhan Railway Zhongli
Group Co., Ltd.
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East Pingdingshan
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Xx Xxxx
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Coke
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Carbon ≥ 84%
Volatility ≤ 1.9%
Ash ≤ 13.5%
Sulfur ≤ 0.7%
M25 ≥ 88%
M10 ≤ 8.5%
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120,000 | 30,000 | 30,000 | 30,000 | 30,000 | |||||||||||||||||||
II. The price of the goods shall be RMB 1,800 per metric ton, subject to further negotiation between the parties according to the market price at the time of delivery.
III. A difference of 0.8 metric tons per truckload from the order amount shall be allowed without requiring additional payment or refund. Any difference of more than 0.8 metric tons per truckload from the order amount shall be resolved by additional payment or refund based on the actual amount delivered.
IV. Seller shall not deliver the goods until Buyer completes a sample inspection and gives permission to Seller to deliver.
V. Buyer shall pay for the goods when the goods are loaded and ready for delivery.
VI. Any unsettled matter under this Agreement shall be resolved through consultation between the parties. This Agreement is effective through December 31, 2011.
Seller: Henan Province Pindingshan Coal and Coking Co., Ltd. [corporate seal]
Buyer: Wuhan Railway Zhongli Group Co., Ltd. [corporate seal]
