Coal Purchasing Agreement between Henan Shenhuo Guomao Ltd. and Henan Province Pingdingshan Hongli Coal & Coke Co., Ltd.
Henan Shenhuo Guomao Ltd. agrees to sell 300,000 tons of thin coke coal to Henan Province Pingdingshan Hongli Coal & Coke Co., Ltd. over one year, with monthly deliveries. The buyer is responsible for all shipping and related costs, and the price may change based on market conditions. The seller is not liable for issues like underproduction, geological problems, or late payments. Once the coal leaves the mine, the buyer assumes responsibility for its quality and quantity. The agreement is effective from January 1, 2015, to December 31, 2015.
Exhibit 10.2
Coal Purchasing Agreement
Seller: Henan Shenhuo Guomao Ltd.
Buyer: Henan Province Pingdingshan Hongli Coal & Coke Co., Ltd.
Signed date: 01-05-2015
Product type: thin coke coal
Quantity: 300,000 tons/year; delivered monthly
Terms: all shipping/delivering and related cost will be borne by the Buyer; price will be adjusted according to the market which will be delivered in a notice; the Seller will not bear any responsibilities if any causes such as under production, geological condition or untimely payment; once out of the mine, the Buyer will be responsible for the quality and quantity.
Duration of the Agreement: 2015-01-01 to 2015-12-31
