| Product name  | Origin place | Packing | Transportation | Quantity |
|---------------|--------------|---------|----------------|----------|
| Ethyl benzene | --           | Bulk    | Tank lorry     | 150+10%  |

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| The client: Ningbo Keyuan Plastics Co., Ltd  |   | The carrier: Zibo yancheng Logistics Co., Ltd |
|---------------------------------------------------|--------|-----------------------------------------------|
|                                              |   |                                          |
| Legal representative/Entrusted Agent:        |   | Legal representative/Entrusted Agent          |
|                                              |   |                                          |
| Bank of Deposit:                                  |   | Bank of Deposit :                             |
|                                              |   |                                          |
| Account:                                     |   | Account:                                 |
|                                              |   |                                          |
| Address:                                |   | Address:                            |
|                                              |   |                                          |
| Corporate Tax:                          |   | Corporate Tax:                      |
|                                              |   |                                          |
| Tel:                                              |   | Tel:                                          |

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| 1. | Products |
|----|----------|

| 2. | Receiving and Delivery System |
|----|-------------------------------|

| 1. | Loading port shall subject to shore tanks actual transported oil quantity, the quality shall subject to the actual transported quality of depot listings. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Discharging port shall be subject to shore tanks quantity, and the quality shall be same with the loading port’s index. |
|----|-------------------------------------------------------------------------------------------------------------------------------|

| 3. | Both ports shall take samples and sealing: shall subject to SGS if it is involved. |
|----|------------------------------------------------------------------------------------|

| 3. | Carrying Date and Time Limit |
|----|------------------------------|

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| 4. | Time Limit, Origin Point, Arrival Point and Recipient |
|----|-------------------------------------------------------|

| 1. | Party B shall delivery to destination place immediately after completing loading and shall not stop in midway. |
|----|----------------------------------------------------------------------------------------------------------------|

| 2. | Loading port: Zhanjiang |
|----|-------------------------|

| 3. | Discharging port: Own port of Ningbo Keyuan Plastics Co., Ltd. |
|----|----------------------------------------------------------------|

| 5. | Shipping and Transportation Requirement |
|----|-----------------------------------------|

| 1. | Shipping: Shipping pure benzene as requested by part A and the actual loading shall within the range of loading capacity. |
|----|---------------------------------------------------------------------------------------------------------------------------|

| 2. | Party B shall promise that shipping accord with the safety requirement to transport pure benzene. |
|----|---------------------------------------------------------------------------------------------------|

| 3. | It is party B’s responsibility to have all the required licenses which is true, valid and complete for ships to transport the pure benzene, and take care all the insurances for the ships( including civil liability insurance) during the contract period, and ensure the ships equipped with effective volume and gauge. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | If pure benzene was polluted and caused other lose due to party B’s fault , party B shall take the responsibility . |
|----|---------------------------------------------------------------------------------------------------------------------------|

| 5. | Party B is not allowed to wash the cabin in the own port of Ningbo Keyuan Plastics Co., Ltd. |
|----|----------------------------------------------------------------------------------------------|

| 6. | Discharge and Period of Responsibility |
|----|----------------------------------------|

| 1. | Party B’s period of responsibility begins from the pure benzene across over the board to the completion of discharge at arrival port, party B shall take all the damage responsibility during this period, |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | After loading, the departure port or inspection authority will arrange the inspection measurement and submit written report to party B, which will be taken as basis for party B to discharge, the recipient must begin to discharge after no comments for the written report. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | When party A entrust third party(SGS) to do tank sampling, ship sampling and ship measuring, shore measuring, party B shall send staff to attend and confirm, which will be taken as basis for later inspection. If party B failed, it can be deemed as approval for the results. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | If party A’s products showed moisture content over standard and qualification change and leads damage due to the party B’s fault , party B shall compensate completely. The ship provided by party B shall be empty cabin both before loading and after discharging. And the sealing sample on the ship at loading port shall keep the same index as at the discharging ship. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 5. | Party B shall inform the recipient before the pure benzene arrive at the destination and delivery completely, the delivery quantity shall be subject to party A’s inspection quantity of shore tank. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | When the both parties have disputes on the unloading quantity, on the provision of item 6 clause5, it shall deduct the transportation consumption (less than 3‰), party B shall make compensation for the shortage based on market price, and party A also is entitled to deduct from delivery fee. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Party A shall cover the insurance for pure benzene under the contract and party B shall cover the vessel insurance. |
|----|---------------------------------------------------------------------------------------------------------------------|

| 7. | Incidental Expenses and Settlement |
|----|------------------------------------|

| 1. | Transport fees: RMB 201/ ton ( including RMB 18/ton for port lump sum and RMB 4/ton for price adjustment allowance, and RMB 5 / ton for port construction ),and the price can only be changed with both parties consent, |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Settlement quantity shall subject to the actual shipping quantity. |
|----|--------------------------------------------------------------------|

| 3. | The shipping fees shall be settled in the beginning of the next month , party B shall provide detailed lists and issue formal transportation invoice after confirmation of party A, and party A shall make payment within 10days after receiving invoice. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Settlement for Dispute |
|----|------------------------|

| 9. | Contract Effectiveness and Other Matters |
|----|------------------------------------------|

| 1. | The contract will be effective after signed, the valid period is from June 20, 2012 to September 19, 2012. |
|----|------------------------------------------------------------------------------------------------------------|

| 2. | The pending matter shall be handled on the provision of applicable laws and regulations. |
|----|------------------------------------------------------------------------------------------|

| 3. | The contract is done in duplicate, party A and party B hold each copy. |
|----|------------------------------------------------------------------------|

| 4. | Any handwriting and correction in contract will be deem invalid, the fax of contract is regard as the same effect with original contract. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------|

| The client ( Party A):                       | The carrier( Party B):                      |
|---------------------------------------------------|---------------------------------------------|
| Ningbo Keyuan Plastics Co., Ltd                   | Ningbo Xinhe Logistics Co., Ltd             |
|                                              |                                        |
| Legal Representative (or authorized signer)  | Legal Representative (or authorized signer) |

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