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Exhibit
10.29
SALES CONTRACT OF INDUSTRIAL PRODUCTS
-------------------------------------
NO.:
SIGNED AT: Tai'an
DATE: March 5, 2005
This contract is made and entered into by and between Shandong Taifeng Minerals
Co., Ltd (hereinafter referred to as the Seller) and Shandong
Bangsheng 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
Producer: Taifeng Minerals
UNIT: ton
QUANTITY: 24,000
UNIT PRICE: RMB 450 yuan
TOTAL AMOUNT: RMB 10,800,000 (ten million, eight hundred thousand)
yuan
DATE OF DELIVERY: From March 5 2005 to March 5 2006, 2,000 tons
each month
Article 2: QUALITY STANDARD
Be subject
to the Quality Standards of Bituminous Coal provided by the
successful bidder.
Article 3: SUPPLY
QUANITY REQUIREMENT:
The monthly
supply shall no less
than
2,000 tons.
Artic
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