Document:

4:

												
	Clean Coal Supply Letter of Intent

	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Seller:

	Shanxi Puda Resources Co., Ltd. 

	 	 	 	Contract # :

	 	20

	 
	Buyer:

	Sinochem Corporation

	 	 	 	 	City of Contracting:

	 	Taiyuan

	 
	 	 	 	 	 	 	 	 	 	 	 	 
	
	1

	Product name, quantity, dollar amount, delivery dates and quantity

	 	Date of Contracting:

	 	
	2005-07-15

	 
	Product Name

	Characteristics

	Unit

	Quantity

	Unit Price (Rmb)

	Total Dollar Amount (Rmb)

	 	 	 
	Ad (%)

	Su. d (%)

	Gr

	Mad (%)

	 	 	 
	Clean Coal

	9.5

	0.7

	85

	0.9

	Tonne

	2,400,000

	Market

	n/a

	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	2

	Terms and time frame: 200,000 tonnes/month, 2,400,000 tonnes/year before 12/30/2006

	 	 	 
	3

	Venue of delivery: Puda Dongqiang coal washing plants

	 	 	 	 	 	 
	4

	Transportation means and costs assumption: Buyer' responsibility (railway or roadway)

	 	 	 
	5

	Calculation for reasonable loss during transportation: 0.1 loss in transportation considered by Buyer upon payment.  

	 
	6

	Packaging standard: Guo Biao (State Standard) 2003-480

	 	 	 	 	 	 
	7

	Goods verification and statute of limitation of complaint: within a month

	 	 	 	 	 
	8

	Payment means and limits: pay by the 30th day of each month upon receiving VAT-related invoices

	 	 	 
	9

	If guarantee is needed, a separate guarantee contract can be entered and attached.

	 	 	 
	10

	Damage: 2% of the monthly trading dollar amount will be retained by the Buyer if supply does not meet contracted requirements.

	11

	Means to resolve disputes: local People's Court

	 	 	 	 	 	 
	12

	Other agreements: supplemented when agreed upon.

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Seller

	 

	 

	 

	 

	Buyer

	 

	 

	 

	 

	 

	 
	 

	 	 	 	 

	 

	 	 	 	 	 

	 
	Name:

	Shanxi Puda Resources Co., Ltd.

	 

	Name:

	Sinochem Corporation

	 	 	 

	 
	Address:

	#426, Xuefu Street, Taiyuan City

	 

	Address:

	 	 	 	 	 

	 
	Legal Rep.:

	 	 	 	 

	Legal Rep.:

	 	 	 	 	 

	 
	Agent:

	 	 	 	 

	Agent:

	 	 	 	 	 

	 
	Tel:

	0351-7034410

	 	 

	Tel:

	 	 	 	 	 

	 
	Tele:

	 	 	 	 

	Tele:

	 	 	 	 	 

	 
	Bank name:

	 	 	 	 

	Bank name:

	 	 	 	 	 

	 
	Account #:

	 	 	 	 

	Account #:

	 	 	 	 	 

	 
	Postal Code:

	030006

	 	 	 

	Postal Code:

	 	 	 	 	 

	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Signature:	 	 	Signature:	 	 	 	 
	Chop:	Contract Seal of	 	Chop:	Contract Seal of	 	 	 
	 	Shanxi Puda Resources Co., Ltd.	 	 	
	Sinochem Corporation    (Shown as a prior used name)	 	 
	 	 	 	 	 	 	 
	 	 	 	 	Valid from Jul 15, 2005 to Jul 15, 2006.Clean Coal Supply Contract

												
	Clean Coal Supply Contract

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Seller:

	Shanxi Puda Resources Co., Ltd. 

	 	 	 	 	Contract # :

	 	
	2006-1-10

	Buyer:

	Shanxi Changzhi Steel Group Raw Material Co. Ltd.

	 	 	Venue of Contracting:

	Changzhi, Shanxi

	 	 	 	 	 	 	 	 	 	 	 	 
	
	1

	Product name, quantity, dollar amount, delivery dates and quantity

	Date of Contracting:

	
	2006-1-12

	
	Product Name

	
	Characteristics

	Unit

	Quantity

	Unit Price (Rmb)

	Total Dollar Amount (Rmb)

	 	 	 
	
	Ad (%)

	
	Su. d (%)

	
	Gr

	
	Mad (%)

	 	 	 
	Clean Coal

	
	9.5

	
	0.7

	
	85

	
	0.9

	Tonne

	600,000

	660

	396,000,000

	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	2

	Terms and time frame: 50,000 tonnes/month, 600,000 tonnes/year
	before 30/01/2007

	 	 	 	 	 	 
	3

	Venue of delivery: Puda coal washing plants

	 	 	 	 	 	 	 
	4

	Transportation means and costs assumption: Buyer' responsibility (railway or roadway)

	 	 	 	 
	5

	Calculation for reasonable loss during transportation: 0.1 loss in transportation considered by Buyer upon payment.  

	 
	6

	Packaging standard: Guo Biao (State Standard) 2003-480

	 	 	 	 	 	 
	7

	Goods verification and statute of limitation of complaint: within a month

	 	 	 	 	 
	8

	Payment means and limits: pay by the 30th day of each month upon receiving VAT-related invoices

	 	 	 
	9

	If guarantee is needed, a separate guarantee contract can be entered and attached.

	 	 	 	 
	10

	Damage: 2% of the monthly trading dollar amount will be retained by the Buyer if supply does not meet contracted requirements.

	 
	11

	Means to resolve disputes: local People's Court

	 	 	 	 	 	 	 
	12

	Other agreements: supplemented when agreed upon.

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Seller

	 

	 

	 

	 

	Buyer

	 

	 

	 

	 

	 

	 
	 

	 	 	 	 

	 

	 	 	 	 	 

	 
	Name:

	Shanxi Puda Resources Co., Ltd.

	Name:

	Changzhi Steel Group Co. Raw Material Co. Ltd.

	 

	 
	Address:

	#426, Xuefu Street, Taiyuan City

	Address:

	9 Changgang St. East, Suburban, Changzhi, Shanxi

	 	 
	Legal Rep.:

	 	 	 

	Legal Rep.:

	 	 	 	 

	 
	Agent:

	 	 	 	 

	Agent:

	 	 	 	 	 

	 
	Tel:

	0351-7034410

	 	 

	Tel:

	0355-5063981

	 	 	 

	 
	Tele:

	 	 	 	 

	Tele:

	 	 	 	 	 

	 
	Bank name:

	 	 	 

	Bank name:

	 	 	 	 

	 
	Account #:

	 	 	 

	Account #:

	 	 	 	 

	 
	
	Postal Code:

	
	030006

	 	 	 	
	Postal Code:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	
	Signature:	
	Zhao Ming	 	 	 	
	Signature:	 	 	 	 	 	 
	
	Chop:	
	Contract Seal of	 	 	 	
	Chop:	
	Contract Seal of	 	 	 	 	 
	 	
	Shanxi Puda Resources Co., Ltd.	 	
 	
 	
 	 	 	 	
	
	 	 	 	 	 	 	 	 	 	 

												
	 	 	 	 	 	 	
	Valid from Jan. 12, 2006 to Jan. 30, 2007Clean Coal Supply Contract

												
	
		
		Clean Coal Supply Contract
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	
		Seller:
	
		Shanxi Puda Resources Co., Ltd. 
	 	 	 	
		Contract # :
	 	
		2005-12-08

	
		Buyer:
	
		Baotou Steel Group Resources Supplying Company
	 	 	
		Venue of Contracting:
	
		Baotou

	 	 	 	 	 	 	 	 	 	 	 
	
		1
	
		Product name, quantity, dollar amount, delivery
		dates and quantity
	
		Date of Contracting:
	
		2005-12-30

	
		Product Name
	
		Characteristics
	
		Unit
	
		Quantity
	
		Unit Price (Rmb)
	
		Total Dollar Amount (Rmb)
	 	 
	
		Ad (%)
	
		Su. d (%)
	
		Gr
	
		Mad (%)
	 	 
	
		Clean Coal
	
		9.5
	
		0.7
	
		85
	
		0.9
	
		Tonne
	
		700,000
	
		660
	
		462,000,000
	 	 
	 	 	 	 	 	 	 	 	 	 	 
	
		2
	
		Terms and time frame: 58,000 tonnes/month, 700,000
		tonnes/year before 12/30/2006
	 	 	 
	
		3
	
		Venue of delivery: Puda coal washing plants
	 	 	 	 	 	 
	
		4
	
		Transportation means and costs assumption: Buyer'
		responsibility (railway or roadway)
	 	 
	
		5
	
		Calculation for reasonable loss during
		transportation: 0.1 loss in transportation considered by Buyer upon
		payment.  

	
		6
	
		Packaging standard: Guo Biao (State Standard)
		2003-480
	 	 	 	 	 
	
		7
	
		Goods verification and statute of limitation of
		complaint: within a month
	 	 	 	 
	
		8
	
		Payment means and limits: pay by the 30th day of
		each month upon receiving VAT-related invoices
	 	 
	
		9
	
		If guarantee is needed, a separate guarantee
		contract can be entered and attached.
	 	 	 
	
		10
	
		Damage: 2% of the monthly trading dollar amount
		will be retained by the Buyer if supply does not meet contracted
		requirements.

	
		11
	
		Means to resolve disputes: local People's Court
	 	 	 	 	 	 
	
		12
	
		Other agreements: supplemented when agreed upon.
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	
		Seller
	
		 
	
		 
	
		 
	
		 
	
		Buyer
	
		 
	
		 
	
		 
	
		 
	
		 

	
		 
	 	 	 	
		 
	
		 
	 	 	 	 	
		 

	
		Name:
	
		Shanxi Puda Resources Co., Ltd.
	
		Name:
	
		Baotou Steel Group Resources Supplying Company

	
		Address:
	
		#426, Xuefu Street, Taiyuan City
	
		Address:
	 	 	 	 	
		 

	
		Legal Rep.:
	 	 	
		 
	
		Legal Rep.:
	 	 	 	
		 

	
		Agent:
	 	 	 	
		 
	
		Agent:
	 	 	 	 	
		 

	
		Tel:
	
		0351-7034410
	 	
		 
	
		Tel:
	
		0472-2126360
	 	 	
		 

	
		Tele:
	 	 	 	
		 
	
		Tele:
	 	 	 	 	
		 

	
		Bank name:
	 	 	
		 
	
		Bank name:
	 	 	 	
		 

	
		Account #:	
		 	 	 	
		 	
		Account #:	
		 	 	 	 	
		 
	
		Postal Code:	
		030006	 	 	
		 	
		Postal Code:	
		 	 	 	 	
		 
	
		 	
		 	 	 	
		 	
		 	
		 	 	 	 	
		 
	
		Signature:
	
		Zhao Ming
	 	 	
		 	
		Signature:	
		 	 	 	 	
		 
	
		Chop:
	
		Contract Seal of
	 	 	
		 	
		Chop:	
		Contract Seal of	 	 	
		 
	
		 	
		Shanxi Puda Resources Co., Ltd.	
		 	
		 	
		Baotou Steel Group Resources Supplying Company	 	
		 
	
		 	
		 	
		 	
		 
	
		 	
		 	
		 	
		Valid from Dec. 30, 2005 to Dec. 30, 2006.Clean Coal Supply Contract

 

												

												
	
		
		Clean Coal Supply Contract
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	
		Seller:
	
		Shanxi Puda Resources Co., Ltd. 
	 	 	 	 	
		Contract # :
	 	
		2006-01-03

	
		Buyer:
	
		Shandong Haihua Group
	 	 	 	 	
		Venue of Contracting:
	
		Jinan

	 	 	 	 	 	 	 	 	 	 	 
	
		1
	
		Product name, quantity, dollar amount, delivery
		dates and quantity
	
		Date of Contracting:
	
		2006-01-08

	
		Product Name
	
		Characteristics
	
		Unit
	
		Quantity
	
		Unit Price (Rmb)
	
		Total Dollar Amount (Rmb)
	 	 
	
		Ad (%)
	
		Su. d (%)
	
		Gr
	
		Mad (%)
	 	 
	
		Clean Coal
	
		9.5
	
		0.7
	
		85
	
		0.9
	
		Tonne
	
		300,000
	
		660
	
		198,000,000
	 	 
	 	 	 	 	 	 	 	 	 	 	 
	
		2
	
		Terms and time frame: 25,000 tonnes/month, 300,000
		tonnes/year before 01/30/2007
	 	 	 
	
		3
	
		Venue of delivery: Puda coal washing plants
	 	 	 	 	 	 
	
		4
	
		Transportation means and costs assumption: Buyer'
		responsibility (railway or roadway)
	 	 	 
	
		5
	
		Calculation for reasonable loss during
		transportation: 0.1 loss in transportation considered by Buyer upon
		payment.  

	
		6
	
		Packaging standard: Guo Biao (State Standard)
		2003-480
	 	 	 	 	 
	
		7
	
		Goods verification and statute of limitation of
		complaint: within a month
	 	 	 	 
	
		8
	
		Payment means and limits: pay by the 30th day of
		each month upon receiving VAT-related invoices
	 	 
	
		9
	
		If guarantee is needed, a separate guarantee
		contract can be entered and attached.
	 	 	 
	
		10
	
		Damage: 2% of the monthly trading dollar amount
		will be retained by the Buyer if supply does not meet contracted
		requirements.

	
		11
	
		Means to resolve disputes: local People's Court
	 	 	 	 	 	 
	
		12
	
		Other agreements: supplemented when agreed upon.
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	
		Seller
	
		 
	
		 
	
		 
	
		 
	
		Buyer
	
		 
	
		 
	
		 
	
		 
	
		 

	
		 
	 	 	 	
		 
	
		 
	 	 	 	 	
		 

	
		Name:
	
		Shanxi Puda Resources Co., Ltd.
	
		Name:
	
		Shandong Haihua Group
	 	
		 

	
		Address:
	
		#426, Xuefu Street, Taiyuan City
	
		Address:
	 	 	 	 	
		 

	
		Legal Rep.:
	 	 	
		 
	
		Legal Rep.:
	 	 	 	
		 

	
		Agent:
	 	 	 	
		 
	
		Agent:
	 	 	 	 	
		 

	
		Tel:
	
		0351-7034410
	 	
		 
	
		Tel:
	 	 	 	 	
		 

	
		Tele:
	 	 	 	
		 
	
		Tele:
	 	 	 	 	
		 

	
		Bank name:
	 	 	
		 
	
		Bank name:
	 	 	 	
		 

	
		Account #:	 	 	
		 	
		Account #:	 	 	 	
		 
	
		Postal Code:
	
		030006	 	 	
		 	
		Postal Code:	
		 	 	 	 	
		 
	
		 
	
		 	 	 	
		 	
		 	
		 	 	 	 	
		 
	
		Signature:
	
		Zhao Ming	 	
		 	
		Signature:	
		 	 	 	 	
		 
	
		Chop:
	
		Contract Seal of	 	
		 	
		Chop:	
		Contract Seal of	 	 	
		 
	
		 	
		Shanxi Puda Resources Co., Ltd.	
		 	
		 	
		Shandong Haihua Group	 	
		 
	
		 	
		 	
		 	
		 
	
		 	
		 	
		 	
		Valid from Jan. 08, 2006 to Jan. 30, 2007.

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