Industrial Product Sales Agreement between Xintai City Quangou Coal Mine and Shandong Shengda Chemical Co., Ltd.

Summary

This agreement is between Xintai City Quangou Coal Mine (Seller) and Shandong Shengda Chemical Co., Ltd (Buyer) for the sale of 3,500 tons of bituminous coal at RMB 315 per ton, delivered in monthly installments of 400 tons. The coal must meet specific quality standards, and payment is due upon delivery. The Seller is responsible for transportation and any losses during delivery. Disputes are to be resolved through discussion, mediation, or legal action if necessary. The contract is effective upon signing by both parties.

EX-10.14 15 zec8kex1014033106.txt INDUSTRIAL PRODUCT SALES AGREEMENT Exhibit 10.14 SALES CONTRACT OF INDUSTRIAL PRODUCTS ------------------------------------- NO.: SIGNED AT: Tai'an DATE: January 15, 2003 This contract is made and entered into by and between Xintai City Quangou Coal Mine (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: Bituminous Coal UNIT: ton QUANTITY: 3,500 UNIT PRICE: RMB 315 yuan TOTAL AMOUNT: RMB 1,102,500 (one million, one hundred and two thousand, five hundred) yuan DATE OF DELIVERY: 400 tons each month Article 2: QUALITY STANDARD The heat value shall be more than 5,000 kcal; Article 3: TERMS AND TIME LIMIT OF QUALITY ASSURANCE OF THE SELLER: The sulfur content shall be below 1.6% and the content of debris shall be less than 1.5%. 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. Article 8: STANDARD, METHOD, and PLACE AND TIME LIMIT OF INSPECTION: The check and acceptance will be done according to the standards of the Buyer; if the quality fails to meet the standards, it will be rejected. Article 9: METHOD, TIME AND PLACE OF PAYMENT: Cash on Delivery and the payment shall be done upon the weighing slip. Article 10: TERMINATION OF THIS CONTRACT: When the two parties both find it hard to perform this Contract. Article 11: BREACH LIABILITY: shall be governed by the provisions of the Contract Law. Article 12: 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 13: THIS CONTRACT SHALL BECOME EFFECTIVE after having been officially signed by the two parities. THE SELLER: THE BUYER: Xintai City Quangou Coal Mine Shandong Shengda Chemical Co., Ltd /s/ Han Qingwen /s/ Wang Wei - ----------------------------- ---------------------------------- AUTHORISED SIGNATURE AUTHORISED SIGNATURE