China Power Technology, Inc.: Exhibit 10.18 - Filed by newsfilecorp.com






Exhibit 10.18

Agreement on Intended Purchases 

Purchaser: Henan Kaifeng Desheng Boiler Co., Ltd 
Supplier:
Henan Yushang Industry Co., Ltd 

In order to achieve further cooperation, mutual promotion and
common development, the purchaser and supplier have agreed on the establishment
of a long-term and close relation between supply and demand. The two parties
have come to this agreement based on the principle of mutual benefits and
win-win cooperation. 

	A. 	The purpose of this agreement is, by drawing on their respective
      strengths, to strengthen cooperation on different levels and in different
      forms, to promote healthy, fast and sustainable growth of business and to
      create social benefits while effectively enhancing the economic
      performance for each party. 
	 	 
	B. 	The purchaser intends to purchase steel and other material in 2010
      from the supplier at the quantity of 90 to 130 tons; purchase corollary
      equipments for boilers, at the quantity of 460 to 670 units. 
	 	 
		The goods should be delivered to the production area of Henan Kaifeng
      Desheng Boiler Co., Ltd. 
	 	 
	C. 	Terms of Payment: the amount of the purchase for next year in this
      agreement is just estimation; the actual number should be subject to the
      “Purchase Order” given by the purchaser. When the supplier delivers the
      goods after receiving the purchasing plan, the purchaser should give 30%
      of the total payment in advance. After the goods have arrived at the
      delivery place and have been checked to meet the requirements, the
      purchaser should pay 60% of the total payment, and the rest 10% of the
      payment should be paid off in one time within 15 days. 
	 	 
	D. 	The purchaser and the supplier agree that: the goods supplied must
      meet the requirements of the purchaser, otherwise the default occurs; the
      price should be settled by the two parties referring to the market price
      before the purchaser issue the “Purchase Order”; the supplier should offer
      a favorable price and offer discount referring to the market price,
      otherwise the purchaser has the right to refuse to pay; when the price is
      settled, the purchaser should pay off within the time mentioned in this
      agreement. 
	 	 
	E. 	Acceptance standard and demurral deadline: the goods delivered should
      meet the standard of the purchaser and of the related national profession
      standard. Any objection should be raised within 30 days after the arrival
      of the goods. 
	 	 
	F. 	Liability for breach of agreement and contract dispute: liability for breach of agreement should be settled according to Contract Law of
      the People's Republic of China. Loss caused by quality problems should
      be given double compensation. The dispute can be solved by consultation,
      and if it doesn’t work, either party can appeal to the people's court.
    







	G. 	Other issues agreed: the supplier should offer the 17% exclusive
      value-added tax invoice every time it gets paid by the purchasing party.
    
	 	 
	H. 	This agreement will come into effect after legal representative or
      entrusted agent from both parties have signed and sealed the contract. The
      agreement is in four originals and each with the same legal effect, each
      party shall have two copies. 



	Purchaser: Henan Kaifeng Desheng Boiler Co., Ltd 	Supplier (seal): Henan Yushang Industry Co.,
      Ltd 
	  	  
	Address: No. 12, Gongyuan Road, Kaifeng. 	Address: Guangcheng Dist, Zhengzhou, Henan
  
	  	Province 
	Legal representative: 	Legal representative: 
	Agent: Zhang Junjie 	Agent: Jun Xun 
	Tel(fax):0378-2923260 	Tel(fax):0371-66882088 
	Bank of deposit: Songdu Branch of Commercial Bank 	 Bank of deposit: Countryside Corporation
      Bank 
	Account No.: 012820102000029445 	Account No.: 8080611008585 
	Tax No.: 	Tax No.: 
	  	  
	  	  
	  	Date of agreement: Dec 17th , 2009