Exhibit 10.34
SALES CONTRACT OF ANTHRACITE COAL
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This contract is made and entered into by and between Shandong Haize
Nanomaterials Co., Ltd (hereinafter referred to as Party A) and Feicheng Longxin
Materials Storage & Transportation 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
first day of June, 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
3,000 tons, 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, ▇▇▇ ▇▇▇ 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; it can also be paid
on a rolling basis for each month. But the longest term for delaying payment
shall not be more than 65 days. 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 Haize Nanomaterials Co., Feicheng Longxin Materials Storage &
Ltd Transportation Co., Ltd
/s/ Lu Zhilei /s/ Gao Sheng
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AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE
