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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.
A
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