Industrial Product Sales Agreement between Feicheng Longxin Materials Storage & Transportation Co., Ltd and Shandong Shengda Chemical Co., Ltd

Summary

Feicheng Longxin Materials Storage & Transportation Co., Ltd (Seller) agrees to sell 3,000 tons of anthracite coal to Shandong Shengda Chemical Co., Ltd (Buyer) at RMB 630 per ton, delivered in monthly installments of 300 tons. The coal must meet specified quality standards, and the Seller is responsible for delivery and unloading costs. Payment is made weekly upon delivery. Disputes are to be resolved through discussion, mediation, or, if necessary, legal action. The contract is effective upon signing by both parties.

EX-10.13 14 zec8kex1013033106.txt INDUSTRIAL PRODUCT SALES AGREEMENT Exhibit 10.13 SALES CONTRACT OF INDUSTRIAL PRODUCTS ------------------------------------- NO.: SIGNED AT: Tai'an DATE: January 15, 2003 This contract is made and entered into by and between Feicheng Longxin Materials Storage & Transportation Co., Ltd (hereinafter referred to as the Seller) and Shandong Shengda Chemical Co., Ltd (hereinafter referred to as the Buyer); whereby the Seller agree to sell and the Buyer agree to buy the commodity mentioned in this contract subject to the terms and conditions stipulated below: Article 1: Object, Quantity, Price and Date of Delivery NAME OF COMMODITY: Anthracite Coal UNIT: ton QUANTITY: 3,000 UNIT PRICE: RMB 630 yuan TOTAL AMOUNT: RMB 1,890,000.00 (ten million, eight hundred and ninety thousand) yuan DATE OF DELIVERY: 300 tons each month Article 2: QUALITY STANDARD The fixed carbon shall be more than 78%, and the heat value shall be more than 7,000 kcal; Article 3: TERMS AND TIME LIMIT OF QUALITY ASSURANCE OF THE SELLER: The sulfur content shall be below 0.6% and the content of debris shall be less than 1%. Article 4: SUPPLY QUANTITY REQUIREMENT: The monthly supply shall be kept in balance. Article 5: STANDARD FOR REASONABLE WEAR AND TEAR AND COMPUTING MODE: The quantity shall be based on the weighing slip on the scale at the factory, and any losses shall be responsible for the Seller itself. Article 6: MEANS AND PLACE OF DELIVERY: The Buyer's coal stock. Article 7: MODE OF TRANSPORAT AND DESTINATION AND COST ALLOCATION: The Seller shall be responsible for unloading and other expenses. Article 8: STANDARD, METHOD, and PLACE AND TIME LIMIT OF INSPECTION: The check and acceptance will be done by the Buyer; If there is any objection, it will be put forward within two days. Article 9: METHOD, TIME AND PLACE OF PAYMENT: Cash on Delivery and the payment shall be done on a weekly basis upon the weighing slip. Article 10: METHOD OF SETTLING THE DISPUTE OVER THE CONTRACT: IN THE PERFORMING OF THIS CONTRACT, IF ANY DISPUTE ARISES, THE TWO PARTIES SHALL SETTLE IT THROUGH FRIENDLY DISCUSSIONS; THE DISPUTE CAN ALSO BE MEDIATED BY THE LOCAL INDUSTRIAL AND COMMERICAL ADMINISTRATION; IF NO SETTLEMENT COMES FROM THE DISCUSSIONS OR MEDIATATIONS, THE DISPUTE SHALL BE SETTLED BY LAWSUITS THROUGH THE PEOPLE'S COURT. Article 11: THIS CONTRACT SHALL BECOME EFFECTIVE after having been officially signed by the two parities. THE SELLER: THE BUYER: Feicheng Longxin Materials Storage & Transportation Co., Ltd Shandong Shengda Chemical Co., Ltd /s/ Chen Jia boa /s/ Chen Zhongzhi - ------------------------------------ ---------------------------------- AUTHORISED SIGNATURE AUTHORISED SIGNATURE