Coal Purchase and Sales Contract between Anyang Zhujiao Coal Industry LLC and Henan Shuncheng Group Coal Coke Co., Ltd.

Summary

Anyang Zhujiao Coal Industry LLC agrees to sell 3,000 tons of powered coal to Henan Shuncheng Group Coal Coke Co., Ltd. at a price of RMB 770 per ton, totaling RMB 2.31 million. The buyer is responsible for picking up the coal at the seller’s coal yard and must pay in advance. Any remaining coal not collected will be priced according to market rates. Disputes will be resolved through consultation or, if necessary, by a people’s court. The contract is valid until the end of the month in which it is signed.

EX-10.60 65 v189511_ex10-60.htm Unassociated Document
Exhibit 10.60
 
Purchase and Sales Contract of Coal
 
Contracting Place: Zhujiao    
    
Date of Contract: 2010-03-03

Seller: Anyang Zhujiao Coal Industry limited liability company
 
Buyer: Henan Shuncheng Group Coal Coke Co., Ltd

1.
Name of Goods, Manufacturer, Quantity, Amount
Name of
Goods
 
Unit
  Unit Price  
Quantity
 
Total
Amount
 
Powered Coal
 
ton
  RMB
770/t
  3000t    RMB
2.31 Million
 
Lump Coal
                     

2.
Quality Standard:                    /                       
3.
The Term and Conditions that the Seller shall take responsibility for the quality of the Goods:                        /                          
4.
Standard of Reasonable Tear and Wear, Method of Calculation: Based on the measurement made by the seller.
5.
Method, Place of Delivery and Expense Burden: The Buyer shall pick up the goods by itself at the Seller’s coal yard and be liable for the expenses thereof.
6.
Method, Time and Place of Settlement: Pay in advance.
7.
Liability for Breach of Contract:                         .
8.
Settlement of Disputes: Settled through consultation by both parties. If no agreement is reached through consultation, the disputes shall be submitted to the people’s court for judgment.
9.
Others: The price of the remaining portion of the coal (which the buyer does not take out as indicated in the coal booklet) will be changed according to the market.

 
 

 

10.
This contract will come into force on the day on which the two parties both sign and stamp it: This contract will remain valid till the settling day at the end of this month.
   
The Seller
   
The Buyer
The Seller: Anyang Zhujiao Coal
   
The Buyer:
Industry limited liability company
   
Legal Representative: [illegible]
Legal Representative: [illegible]
   
Telephone No.:
Telephone No.:
   
Entrusted Agent:
Entrusted Agent: