Purchase Agreement (Unofficial English Translation)
Exhibit 99.13
(Unofficial English Translation)
Contract No. C-YM20110103
Place of execution: Pindingshan
Date of execution: January 3, 2011
Seller: Shaanxi Xiansheng Industry and Commerce Co., Ltd.
Buyer: Baofeng Coking Factory of Henan Province Pingdingshan Coal and Coke Co., Ltd.
I. Purchase Order
|
Amount of Purchase (metric tons)
|
||||||||||||||||||||||||||||
|
Name of Receiver
|
Departure
Station
|
Arrival
Station
|
Goods
|
Specification
|
Yearly
Total
Purchase
|
First
Quarter
|
Second
Quarter
|
Third
Quarter
|
Fourth
Quarter
|
|||||||||||||||||||
|
Baofeng Coking Factory of Henan Province Pingdingshan Coal and Coke Co., Ltd.
|
Xxxxx Xxxx
|
West Pingdingshan
|
Raw Coal
|
Water ≤ 8%
Volatility ≤ 35%
Ash ≤ 25%
Sulfur ≤ 0.5%
G Value ≥ 80
|
50,000 | - | - | - | - | |||||||||||||||||||
II. The price of the goods shall be XXX 000 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: Shaanxi Xiansheng Industry and Commerce Co., Ltd. [corporate seal]
Buyer: Baofeng Coking Factory of Henan Province Pingdingshan Coal and Coke Co., Ltd. [corporate seal]
