Anthracite Coal Supply Agreement between Shandong Bangsheng Chemical Co., Ltd and Jincheng City Yapeng Economy & Trade Co., Ltd

Summary

Shandong Bangsheng Chemical Co., Ltd (Party A) and Jincheng City Yapeng Economy & Trade Co., Ltd (Party B) have entered into a one-year contract for the supply of 3,500 tons of anthracite coal. Party B will deliver coal that meets Party A’s quality standards, with Party B covering transportation costs. The price is set at RMB 720 per ton, subject to market changes. Payment is cash on delivery, with all payments due within three months after cooperation ends. Disputes will be resolved through negotiation or by the People’s Court of Tai’an City.

EX-10.30 31 zec8kex1030033106.txt ANTHRACITE SUPPLY CONTRACT Exhibit 10.30 SALES CONTRACT OF ANTHRACITE COAL This contract is made and entered into by and between Shandong Bangsheng Chemical Co., Ltd (hereinafter referred to as Party A) and Jincheng City Yapeng Economy & Trade Co., Ltd (hereinafter referred to as Party B); whereas the needs of Party A's production and the result of the public bidding, Party A agrees to sign this Sales Contract of Anthracite Coal dated the sixth day of March, 2005. The specific terms and conditions are stipulated as follow: I. The Supply Quantity of Anthracite Coal The yearly quantity of anthracite coal supplied by Party B to Party A shall be 3,500 tons whose supply shall be in a balanced manner and shall not be suspended and the contract period shall be a full year. II. The Quality Standards of the Supplied Coal The anthracite coal supplied by Party B to Party A shall be up to the quality standards of Party A and detailed provisions on the quality standards will be attached. III. The Price of the Anthracite Coal For the moment, RMB 720 yuan per ton and the price shall fluctuate in line with market conditions. IV. Mode of Transportation Party B shall be responsible for all transportation cost. V. Delivery and the Computing Mode of Losses (1) The weighing done by Party A shall be the final, and Party B shall ask for the payment upon the weighing slip. (2) Party A shall check the quality of the anthracite coal delivered by Party B in each truck. VI. Method of Payment In principle, the mode of payment shall be cash on delivery. Party A shall pay off all payments within three months after the termination of the cooperation of the two parties. VII. Breach Liability This Contract shall become effective as of the date when it is signed. The two parties shall be abide by and perform it. If there are some general questions arise, the two parties shall settle them through negotiations. If the two parties fail to settle them through negotiations, they can be submitted to the People' Court of Tai'an City to decide. VIII. This Contract is in duplicate, and each party has one copy. PARTY A: PARTY B: Shandong Bangsheng Chemical Co., Jincheng City Yapeng Economy & Ltd Trade Co., Ltd /s/ Wang Gongqin /s/ Deng Mingju - -------------------------------- ------------------------------ AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE