EQUITY SALE & PURCHASE AGREEMENT Agreement Number 2010041001 [English Translation]Equity Sale • April 23rd, 2010 • L & L Energy, Inc. • Bituminous coal & lignite mining
Hon Shen Coal Co. Ltd (“HSC”) located at Banqiao Village, Jiuchen Town, Luxi County, Yunnan Province, is jointly owned by “Seller” and Mr. Fuchang Wang. It is in the business of coal washing and coking. The company owns a 300,000-ton per year coal washing facility and a 150,000-ton per year coking facility with a total investment of 30,000,000 RMB (approximately US$ 4.38 million). Seller and Mr. Wang hold 93% and 7% of ownership, respectively.
