Exhibit 10.5
Sales Contract for Industrial and Mineral Product
Supplier: Inner Mongolia Tehong Coal Group Laiyegou Coalmine Contract No. 00003
Purchaser: Inner Mongolia Litai Coking Co., Ltd Signing place: Laiyegou Coalmine
Signing date: Jan 18, 2005
Article 1. commodity, quantity, price , total value, delivery date and delivery quantity
Commodity |
Trade mark | specification | Quantity unit | quantity | Price RMB yuan | Total value | Delivery date and quantity |
coal | | Filtered coal | tons | 60,000 | 100 | 6,000,000 | total | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Total Value: RMB6000000 |
Article 2: quality standard: heat generating rate should be more than 5800 calorie per kilogram. The size should be from 5 centimeter to 30 centimeter.
Article 3. quality guarantee period sustained by supplier: supplier should supply according to need quality, the period is one year.
Article 4. delivery place: coal field in Laiyegou coalmine, the truck is sent by purchaser.
Article 5. delivery method, destination and fee: delivery fee should be paid by purchaser.
Article 6. calculation method for reasonable loss: supplier does not responsible for loss.
Article 7. package standard: no.
Article 8. checking method and period for dissidence: according to the inspection standard by Quality and Technology Supervise Bureau, if there occurs quality question, supplier will bear the responsibility.
Article 9. subsidiary with machine: no.
Article 10. payment: account sale and budget plan.
Article 11. if there is sponsion needed, should write out sponsion note additionally as the attachement of this contract.
Article 12. breach responsibility: if coal quality can not meet the needs, can not delivery on schedule, or purchaser can not pay on schedule, breach side should pay 1% of total value as contract breach fund.
Article 13. method for dissension solving: negotiate to solve by two sides.
Article 14. other item confirmed : if there is force majeure like natural disaster, causing stop producing, can cancel this contract.
Article 15. this contract is in duplicate ,each side holds one, the expiration is one year .It will be effective from Jan 8, 2005.
Supplier :(stamp):
Inner Mongolia Tehong Coal Co. Ltd Laiyegou Coalmine
Artifiicial Person: Ding Wenxiang
Telephone: 4630098
Purchaser ( Stamp):
Inner Mongolia Litai Coking Co.,Ltd
Representative: Zhang Yonghua
Telephone: 4883115
Expiration: till Jan 17, 2006
