Attached files
Exhibit 99.10
Supply Agreement
(Unofficial English Translation)
Contract No. X-DM20110103
Place of execution: Pindingshan
Date of execution: January 3, 2011
Seller: Baofeng Hongchang Coal Co., Ltd.
Buyer: Wuhan Tieying Commerce Co., Ltd.
I. Purchase Order
Amount of Purchase (metric tons)
|
||||||||||||||||||||||||||||
Name of Receiver
|
Departure
Station
|
Arrival
Station
|
Goods
|
Specification
|
Yearly
Total
Purchase
|
First
Quarter
|
Second
Quarter
|
Third
Quarter
|
Fourth
Quarter
|
|||||||||||||||||||
Wuhan Tieying Commerce Co., Ltd.
|
East Pingdingshan
|
Hanyang
|
Thermal Coal
|
Thermal Value
(Kcal/kg) ≥ 4500
Volatility ≥14
Sulfur ≤ 0.6
|
120,000 | 30,000 | 30,000 | 30,000 | 30,000 |
II. The price of the goods shall be RMB 500 per metric ton, subject to further negotiation between the parties according to the market price at the time of delivery.
III. A difference of 0.8 metric tons per truckload from the order amount shall be allowed without requiring additional payment or refund. Any difference of more than 0.8 metric tons per truckload from the order amount shall be resolved by additional payment or refund based on the actual amount delivered.
IV. Seller shall not deliver the goods until Buyer completes a sample inspection and gives permission to Seller to deliver.
V. Buyer shall pay for the goods when the goods are loaded and ready for delivery.
VI. Any unsettled matter under this Agreement shall be resolved through consultation between the parties. This Agreement is effective through December 31, 2011.
Seller: Henan Province Pindingshan Coal and Coking Co., Ltd. [corporate seal]
Buyer: Wuhan Tieying Commerce Co., Ltd. [corporate seal]