Document:

Unassociated Document

    Exhibit
10.17

    

    Contract
for Sales of Coal

    

    Contract
No.:2010BLMY-SCH  

     

    Place of
Execution: Anyang City

     

    Time of
Execution: December 29, 2009

     

    Seller:
Anyang County Bailianpo Coal Co., Ltd.

     

    Buyer:
Henan Shuncheng Group Coal Coke Co., Ltd

     

    
      	
              1.

            	
              Receiver,
      Delivery Station, Commodity Specification, Quantity, Delivery Time and
      Quantity

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              Receiver

                            	 	
                              Time and Quantity of Delivery
      (ton)

                            	 
	 
      	 	
                              Annual

                            	 	 	
                              1st
      Quarter

                            	 	 	
                              2nd
      Quarter

                            	 	 	
                              3rd
      Quarter

                            	 	 	
                              4th
      Quarter

                            	 
	
                              Henan
      

                            	 	 	 	 	
                              1

                            	 	 	
                              2

                            	 	 	
                              3

                            	 	 	
                              4

                            	 	 	
                              5

                            	 	 	
                              6

                            	 	 	
                              7

                            	 	 	
                              8

                            	 	 	
                              9

                            	 	 	
                              10

                            	 	 	
                              11

                            	 	 	
                              12

                            	 
	Shuncheng
      Group Coal Coke Co., Ltd	 	 	150000	 	 	 	12500	 	 	 	12500	 	 	 	150000	 	 	 	12500	 	 	 	12500	 	 	 	150000	 	 	 	12500	 	 	 	12500	 	 	 	150000	 	 	 	12500	 	 	 	12500	 	 	 	12500	 

                    

                  

                

              

            

          

        

      

    

     

    
      	
              2.

            	
              Place
      and Method of Delivery: at the Seller’s mine
  field

            

    

     

    
      	
              3.

            	
              Quality
      and Quantity Inspection & Acceptance Standards: In accordance with
      Administrative Measures
      on Coal Transportation and Delivery and its implementation rules.
      Parties hereof shall collect valid commercial coal data through data
      collection in accordance with international standard GB474-1996, GB 475-
      1996, GB/T211, GB/T213, GB/T214.

            

    

     

    
      	
              4.

            	
              Unit
      Price for Coal and Validity Term: Due to negotiations by Parties hereof,
      the base price inclusive of tax is RMB710 per ton with a validity term
      commencing from 1 January 2010 to 31 December 2013. The price during the
      term should be based on the standard price published by large Mining
      Bureau in China: if such published standard price for a single month is
      increased less than 10% compared with that of the last month, the Seller
      shall not adjust its contract price; if such published standard price is
      increased or decreased more than 10% compared with that of the last month,
      then such newly  standard price published by large Mining Bureau
      in China shall be applicable.

            

    

     

    
      	
              5.

            	
              Time
      and Method for Settlement of Coal Price, Freight and Miscellaneous
      Charges: Payment shall be effected upon Seller’s delivery after its short
      journey transportation.

            

    

     

    
      	
              6.

            	
              Breach
      of Contract: In case any breach of contract occurs, it shall be settled in
      accordance with the Contract Law; and
      neither party shall be liable for breach of contract arising from any
      Force Majeure.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      	
              7.

            	
              Settlement
      of Dispute: in case that the Buyer finds any shortage, quality dispute or
      other abnormal situations in the inspection & acceptance procedure,
      the Buyer shall, within 48 hours upon receipt of the coal, notify the
      Seller not to unload the coal or store the coal in a separate place; then
      Parties hereof shall negotiate to settle such dispute in accordance with
      related national standard as stipulated by GB/T18666-2002; or Parties
      hereof may conduct laboratory test together and make test results as the
      settlement foundation or entrust an independent third party to conduct
      laboratory test and make test results as the  settlement
      foundation; otherwise, it shall be considered as that the Buyer puts
      forward no objection.

            

    

     

    
      	
              8.

            	
              Others:
      (1). the quantity measurement shall be in line with the mine field’s data
      ; if the Buyer intends to check whether there is any shortage in quantity,
      the Buyer shall use a track scale with qualified certificate to measure or
      data otherwise obtained is invalid.  It shall be considered as
      occurrence of shortage if the Buyer’s inspection settlement quantity is
      less than the Seller’s settlement quantity, based on the formula:
      inspection settlement quantity = {actual quantity * (100-inspection water
      content)/(100-settlement water content) }+Seller’s sent-out quantity *
      1.2%.

            

    

     

    (2)
Quality issues shall be in line with results from the Seller’s laboratory test;
in case the Buyer conducts group sequential inspections regarding
Seller-delivered coal of same batch, then quality and quantity issues shall be
determined by means of weighted average inspection results. Dispute shall be
considered as in existence if difference between the Seller and Buyer’s
laboratory test results exceeds the allowable error as stipulated by GB/T
18666-2002.

     

    (3)
Parties hereof shall settle any dispute through their own friendly negotiation;
if no settlement acceptable by both parties is reached, either party may sue to
court where the goods is dispatched, and judgment by the court shall be binding
upon both parties.

     

    
      	
              Seller

            	 
      	
              Buyer

            
	
              Company Name: Anyang
      County Bailianpo Coal Co., Ltd.

               

              Location:
      Anyang City

               

              Legal
      Representative: /s/ Ji He

               

              Telephone:

               

              P.O.
      Box:

            	 
      	
              Company Name: Henan
      Shuncheng Group Coal Coke Co., Ltd

               

              Location:
      Industry Road, Tongye Town

               

              Legal
      Representative: /s/ Wang Cun Guo

               

              Telephone:0372
      5608958

               

              P.O.
      Box:

            

    

    

    Validity
Period: 1January 2010 to 31 December
2013      

    
      
         

      

      
        2Unassociated Document

    Exhibit
10.18

    

    Contract
for Sales of Coal

    

    Contract
No.:2010HLMY-SCH  

     

    Place of
Execution: Anyang City

     

    Time of
Execution: December 29, 2009

     

    
      Seller:
Anyang Xinlong Coal (Group) Hongling Coal Co. Ltd

       

    

    Buyer:
Henan Shuncheng Group Coal Coke Co., Ltd

     

    
      	
              1.

            	
              Receiver,
      Delivery Station, Commodity Specification, Quantity, Delivery Time and
      Quantity

            

    

     

    
      
        
          
            
              
                
                  	
                          Receiver

                        	 	
                          Time and Quantity of Delivery
      (ton)

                        	 
	 
      	 	
                          Annual

                        	 	 	
                          1st
      Quarter

                        	 	 	
                          2nd
      Quarter

                        	 	 	
                          3rd
      Quarter

                        	 	 	
                          4th
      Quarter

                        	 
	
                          Henan
      

                        	 	 	 	 	
                          1

                        	 	 	
                          2

                        	 	 	
                          3

                        	 	 	
                          4

                        	 	 	
                          5

                        	 	 	
                          6

                        	 	 	
                          7

                        	 	 	
                          8

                        	 	 	
                          9

                        	 	 	
                          10

                        	 	 	
                          11

                        	 	 	
                          12

                        	 
	Shuncheng
      Group Coal Coke Co., Ltd	 	 	120000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 	 	 	10000	 

                

              

            

          

        

      

    

     

    
      	
              2.

            	
              Place
      and Method of Delivery: at the Seller’s mine
  field

            

    

     

    
      	
              3.

            	
              Quality
      and Quantity Inspection & Acceptance Standards: In accordance with
      Administrative Measures
      on Coal Transportation and Delivery and its implementation rules.
      Parties hereof shall collect valid commercial coal data through data
      collection in accordance with international standard GB474-1996, GB 475-
      1996, GB/T211, GB/T213, GB/T214.

            

    

     

    
      	
              4.

            	
              Unit
      Price for Coal and Validity Term: Due to negotiations by Parties hereof,
      the base price inclusive of tax is RMB710 per ton with a validity term
      commencing from 1 January 2010 to 31 December 2013. The price during the
      term should be based on the standard price published by large Mining
      Bureau in China: if such published standard price for a single month is
      increased less than 10% compared with that of the last month, the Seller
      shall not adjust its contract price; if such published standard price is
      increased or decreased more than 10% compared with that of the last month,
      then such newly  standard price published by large Mining Bureau
      in China shall be applicable.

            

    

     

    
      	
              5.

            	
              Time
      and Method for Settlement of Coal Price, Freight and Miscellaneous
      Charges: Payment shall be effected upon Seller’s delivery after its short
      journey transportation.

            

    

     

    
      	
              6.

            	
              Breach
      of Contract: In case any breach of contract occurs, it shall be settled in
      accordance with the Contract Law; and
      neither party shall be liable for breach of contract arising from any
      Force Majeure.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      	
              7.

            	
              Settlement
      of Dispute: in case that the Buyer finds any shortage, quality dispute or
      other abnormal situations in the inspection & acceptance procedure,
      the Buyer shall, within 48 hours upon receipt of the coal, notify the
      Seller not to unload the coal or store the coal in a separate place; then
      Parties hereof shall negotiate to settle such dispute in accordance with
      related national standard as stipulated by GB/T18666-2002; or Parties
      hereof may conduct laboratory test together and make test results as the
      settlement foundation or entrust an independent third party to conduct
      laboratory test and make test results as the  settlement
      foundation; otherwise, it shall be considered as that the Buyer puts
      forward no objection.

            

    

     

    
      	
              8.

            	
              Others:
      (1). the quantity measurement shall be in line with the mine field’s data
      ; if the Buyer intends to check whether there is any shortage in quantity,
      the Buyer shall use a track scale with qualified certificate to measure or
      data otherwise obtained is invalid.  It shall be considered as
      occurrence of shortage if the Buyer’s inspection settlement quantity is
      less than the Seller’s settlement quantity, based on the formula:
      inspection settlement quantity = {actual quantity * (100-inspection water
      content)/(100-settlement water content) }+Seller’s sent-out quantity *
      1.2%.

            

    

     

    (2)
Quality issues shall be in line with results from the Seller’s laboratory test;
in case the Buyer conducts group sequential inspections regarding
Seller-delivered coal of same batch, then quality and quantity issues shall be
determined by means of weighted average inspection results. Dispute shall be
considered as in existence if difference between the Seller and Buyer’s
laboratory test results exceeds the allowable error as stipulated by GB/T
18666-2002.

     

    (3)
Parties hereof shall settle any dispute through their own friendly negotiation;
if no settlement acceptable by both parties is reached, either party may sue to
court where the goods is dispatched, and judgment by the court shall be binding
upon both parties.

     

    
      	
              Seller

            	 
      	
              Buyer

            
	
              
                Company Name: Anyang
      Xinlong Coal (Group) Hongling Coal Co. Ltd

              

               

              Location:
      Anyang City

               

              Legal
      Representative: /s/ Niu Zhi Qiang

               

              Telephone:

               

              P.O.
      Box:

            	 
      	
              Company Name: Henan
      Shuncheng Group Coal Coke Co., Ltd

               

              Location:
      Industry Road, Tongye Town

               

              Legal
      Representative: /s/ Wang Cun Guo

               

              Telephone:0372
      5608958

               

              P.O.
      Box:

            

    

    

    Validity
Period: 1January 2010 to 31 December
2013      

    
      
         

      

      
        2

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