Coal Tar sales contracts
Exhibit 10.29
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: 1100 Ton/Month
3. Price: RMB2300 / 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.
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
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Purchaser: Taiyuan Hongxing Carbon Co. Ltd
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Signature (Seal)
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Signature (Seal)
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Valid period: From January 1, 2008 to December 31, 2008