Coal Tar Sales Agreement between Shanxi Changyuan Coking Co., Ltd and Taiyuan Hongxing Carbon Co., Ltd (2009)

Summary

This contract is between Shanxi Changyuan Coking Co., Ltd (seller) and Taiyuan Hongxing Carbon Co., Ltd (purchaser) for the monthly sale of 800 tons of coal tar at RMB 1700 per ton, including tax, from January 1, 2009 to December 31, 2009. The agreement sets quality standards, allows for price adjustments, and requires payment by money transfer or bill of exchange. Delivery is by truck at the purchaser's expense. Disputes and defaults are to be resolved through negotiation.

EX-10.23 27 ex10-23.htm ex10-23.htm

Exhibit 10.23

Coal Tar sales contracts

Seller: Shanxi Changyuan 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: 800 Ton/Month

3, Price: RMB1700 / 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.

6, Settlement: Money transfer or bill of exchange with tax receipt of 17% value-added tax.

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	Purchaser: Taiyuan Hongxing Carbon Co. Ltd
Signature (Seal)	Signature (Seal)

Valid period: From January 1, 2009 to December 31, 2009