The Acquisition Agreement ofAcquisition Agreement • March 17th, 2010 • L & L Energy, Inc. • Bituminous coal & lignite mining
Party A: L&L Yunnan Tianneng Industry Co. Ltd. (Sino-American Joint Venture Enterprise) (which L&L owns 98% voting equity and Tianneng Co. owns 2%)
The Acquisition Agreement of Luoping County Zone Lin Coal Coking Factory With L&L Yunnan Tianneng Industry Co. Ltd. (English Translation)Acquisition Agreement • March 17th, 2010 • L & L Energy, Inc. • Bituminous coal & lignite mining
Party A is an American Joint Venture Enterprise, registered with Kunming City Government of China, which L&L Energy, Inc.(‘L&L”) owns 98% of the voting equity, while Tianneng Co. owns 2% of the voting equity;
The Acquisition Agreement of Pan County Ping Yi Coal Mine With Baoxing Economic and Trade Co. (English Translation)Acquisition Agreement • March 17th, 2010 • L & L Energy, Inc. • Bituminous coal & lignite mining
Under the consolidation policy, Party A is currently expanding its existing 150,000 tons annual coal production capacity toward a 300,000 tons capacity, and is building a new coal washing factory (DMS type) with an annual output of approx. 600,000 tons of washed coal (to be completed approximate in June 2010). These expansions are a huge task to the Company, resulting lack of time for daily management as well as tight working capital.
