Purchasing Agreement between Taiyuan Hongxing Carbon Black Co. Ltd and Taiyuan Gengyang Group Ltd.

Summary

This agreement is between Taiyuan Hongxing Carbon Black Co. Ltd (buyer) and Taiyuan Gengyang Group Ltd. (seller) for the monthly purchase of 1,000 tons of high temperature coal tar. The price is set at 1,700 RMB per ton, subject to market changes at delivery. The seller is responsible for delivery, and payment is due within 30 days by cash or Bill of Exchange. The contract specifies quality standards and is effective from January 1, 2009, to December 31, 2009. Disputes will be resolved through discussion between the parties.

EX-10.26 30 ex10-26.htm ex10-26.htm

Exhibit 10.26

Purchasing agreement

Buyer: Taiyuan Hongxing Carbon Black Co. Ltd

Seller: Taiyuan Gengyang Group Ltd.

The buyer and the seller have agreed upon the following terms:

1. Product Name: high temperature coal tar

2. Quantity: 1,000 ton/month, determined upon delivery by the seller

3. Price per unit: 1,700 RMB/ton as of now. However, the price per unit shall reflect the market conditions upon delivery

4. Quality control:

High temperature coal tar: moisture ≤ 4%, coal dust ≤ 0.15%, density ≤ 1.198g/cm3

Mid temperature coal tar: moisture ≤ 3%, coal dust ≤ 0.13%, density ≤ 1.198g/cm3 at 20˚Cg/cm3

5. Seller shall deliver the product

6. Payment shall be made either via cash or Bill of Exchange which will be cashed upon within 30 days

7. The Agreement shall be executed in accordance with the Law of Contract of PRC

8. The seller and the buyer shall discuss any disagreement to dissolve any disputes

9. The agreement shall be made in 2 copies and the seller and the buy shall each obtain one copy of the agreement for record keeping

The agreement is deemed effective from January 1st 2009 to December 31st 2009

Buyer (Seal):	Seller (Seal):
Legal Representative:	Legal Representative:
Entrusted agent :	Entrusted agent :
Telephone:	Telephone: