lvg_ex101-71106.htm


    Exhibit
      10.1

     

    The
      Contract of LPG Pipeline installation Project

     

    Party
      A: Zunyi City Yong-sheng Real Estate Development Co. Ltd. (Hereafter
      referred to as Party A)

     

    Party
      B: Zunyi Jiahong Gas Co. Ltd. (Hereafter referred to as Party
      B)

    


    In
      accordance with the regulation that “No LPG cylinder can be used in high
      buildings” and Government [2002] No. 37 Document issued by Zunyi City Price
      Bureau to install pipelines through planning, Party A and Party B agree that
      Party A should collect pipeline installation fees from every resident and pass
      them to pay to Party B for the installation project.  The details are
      as follows:

     

    
      
        	
                1)

              	
                The
                  Contract Object

              


      
Party
      B
      should be responsible for the design, installation and construction of the
      LPG
      supply system.  The above LPG supply system includes the supply depot,
      the pipeline network, the interior system and indoor facilities (excluding
      gas
      appliance) as well as other supplementary parts.

    


    
      	
              2)

            	
              The
                ownership of the Object

            


    

    Party
      B
      is responsible for the maintenance and replacement to guarantee the normal
      use
      of the system and own the whole system.  The resident has the long
      term right to use the system.

    


    
      	
              3)

            	
              The
                Quality of the Project

            


    

    The
      detailed construction documents and graphs by designer and the National
      Inspection Standard for LPG Pipeline Construction will be applied as the
      standard of the project.  The quality of the pipes should meet the GB
      standard.  The material used for controlling devices such as valves
      should be imported.  The quality standard should meet with GB ones and
      should be checked by relevant government agencies before use.

    


    
      	
              4)

            	
              Contract
                Price

            


    

    The
      contract price for the installation and construction of the system is RMB 2250
      per household, thus the total will be RMB______________.  There are
      192 households involved in the project, among them there may be 10% maximum
      residents who don’t need the pipelines.  If the number is greater than
      10%, Party A agrees to make up the difference (The exact number of the
      households will be calculated as the completion of the system).  The
      number of households in the lower floors (not including the above 192
      households) will be determined later.

    


    
      	
              5)

            	
              Payment

            


    

    Upon
      the
      signing of this contract, Party A should pay 30% of the total project fees
      to
      Party B as the payments for the design and raw material.  The payment
      should be made no later than February 2008.  Party A should pay to
      Party B another 30% upon the completion of underground pipelines and the
      construction of the central supply depot.  Three days after the
      completion of the system and the approval of government inspections, Party
      A
      should pay to Party B the remaining 40% of the total project fees.

    


    
      	
              6)

            	
              Safety
                Responsibility

            


    

    Party
      B
      should be self responsible for the safety devices and safety controls during
      the
      construction.

    


    
      	
              7)

            	
              Project
                Duration

            


    

    After
      the
      signing of this contract, Party A should provide Party B the schedule of the
      whole buildings’ completion plan.  If the buildings are ready for the
      installation of the LPG system (including the completions of the roofs, exterior
      decoration and roads and sidewalks among the buildings), and Party A formally
      sends Party B a Notice of Readiness for Installation, Party B will complete
      the
      construction and installation within 100 working days from the day of the
      receipt of the Notice.

    


    
      	
              8)

            	
              Responsibility
                of Each Party

            



    
      	
            	
              A)

            	
              Responsibility
                of Party A

            


    

    
      	
            	
              a)

            	
              Make
                the payment on time according to this
                contract.

            


    

    
      	
            	
              b)

            	
              Provide
                the land for the building of the central supply depot and position
                it
                according to the requirements of State Safety
                Regulation.  Provide the ready access to water and electricity
                needed for the depot and measurement meters for water and electricity
                when
                Party A applies the installation of them for each
                household.  But Party B should be responsible for the
                fees.

            


    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
            	
              c)

            	
              To
                make it a public knowledge or to educate the households to follow
“Users’
                Handbook for Safely Using LPG Pipeline” and to take care the system
                facilities.

            


    

    
      	
            	
              d)

            	
              Coordinate
                for and assist Party B during the construction so as to provide Party
                B an
                ideal working environment and conditions.  Party B will extend
                the Project Duration if there are delays caused by the changes of
                working
                conditions.

            


    

    
      	
            	
              e)

            	
              Pipeline
                system is supplementary facility for Party A’s
                buildings.  Therefore Party A should assist Party B to apply all
                kinds of approvals from authority at the expenses of Party
                B.

            


    

    


    
      	
            	
              B)

            	
              Responsibility
                of Party B

            


    

    
      	
            	
              a)

            	
              To
                assign a professional to supervise specifically from the beginning
                to the
                end the quality of the installation and
                construction.

            


    

    
      	
            	
              b)

            	
              To
                guarantee the project to be done with the planned schedule and quality
                requirements until the government agencies inspect and approve before
                formal use.  Party B should take responsibility of the
                constructor.

            


    

    
      	
            	
              c)

            	
              To
                make all applications for licenses, permits, approvals, inspections
                and
                bear the costs.

            


    

    
      	
            	
              d)

            	
              To
                dispatch “Users’ Handbook for Safely Using LPG Pipeline” to all users of
                the system and other safety or users’
pamphlets.

            


    

    
      	
            	
              e)

            	
              If
                natural gas is introduced into Zunyi, Party B agrees to provide natural
                gas without additional charges from either Party A or the
                users.

            


    

    


    
      	
              9)

            	
              Violation
                Responsibility

            


    

    
      	
            	
              C)

            	
              Party
                A

            


    

    
      	
            	
              a)

            	
              Once
                the contract is signed, if Party refuses either to execute the contract
                or
                to make the payment, Party A should bear all economic losses caused
                and
                pay 10% of total fees as penalty for breaching the
                contract.  The penalty will charge 5% delay payment of the
                penalty amount per month.

            


    

    


    
      	
            	
              D)

            	
              Party
                B

            


    

    
      	
            	
              a)

            	
              If
                Party B can’t complete the project according to the schedule, not
                including cases caused by force majeure, then Party B should pay
                to Party
                A RMB1000 per day.

            


    

    
      	
            	
              b)

            	
              If
                the project can’t get the approval or get through the inspection by
                government because of the problems of the master design or quality
                control
                during the construction, then Party B should compensate to Party
                A the
                costs Party A has to pay for the residents for the failure to release
                the
                household on time.

            


    

    


    
      	
              10)

            	
              Solution
                of the Dispute

            


    

    Party
      A
      and B can make additional agreements for the terms and conditions not covered
      by
      this contract.  The new agreements have the same legal effectiveness
      as this contract.  If there is any dispute when executing this
      contract, if negotiations can’t solve, then a lawsuit can be brought to Zunyi
      People’s Court.

    


    
      	
              11)  

            	
              This
                contract will immediately take effect once signed the sealed by both
                parties.

            


    

    


    
      	
              12)  

            	
              This
                contract has four original copies, each party holds two of
                them.

            


    

    


    


    
      	Party
              A: Zunyi Yong-sheng Real Estate Development Co. Ltd. 	 	 	Party
              B: Zunyi Jiahong Gas Co. Ltd.	 
	
              Representative:
                (Signed)

            	 	 	
              Representative:
                (Signed)

            	 
	
              Bank
                Account: 

            	 	 	
              Bank
                Account:

            	 
	
              Tel:
                8435806  

            	 	 	
              Tel:
                8272724

            	 


    

            

                                                                                                  

    Dated
      on
      October 26, 2007