Document:

Contract
      No.: zc20070103

    Sales
      Contract of Finished Oil 

    

    

    

    Party
      A (Buyer): Chuan
      Yu Branch of China Petroleum & Chemical Sales
      Corporation

    Party
      B (Seller): Xi’an Baorun Industrial Development Co., Ltd.

     

    This
      contract is made by and between Party A and Party B based on the principle
      of
      equality and mutual benefits and equal value exchange and upon Contract Law
      of
      the People's Republic of China. The two parties agreed the following:

    
       

      	1.  	
              The
                name, Quantity, Price and Amount of the
                Product

            

       

    

    
      	
              Product

            	
              Type
                

            	
              Quantity(ton)

            	
              Price
                (Yuan)

            	
              Total
                Amount

            
	
              Gasoline
                

            	
              90#

            	
              1,000

            	
              5,550.00

            	
              5,550,000

            
	
              Gasoline

            	
              93#

            	
              1,000

            	
              5,750.00

            	
              5,750,000

            

    

     

    	2.  	
            Quality
              Standard 

          

    The
      product in this contract is in line with the standard of GB17903-1999 and the
      mass
      fraction of sulphur
      also
      reaches the standard of EU-II. In case of any dispute, the test report issued
      by
      Sichuan Quality Supervising Department should be the final result. 

     

    	3.  	
            Delivery 

          

    Party
      B
      should delivery the oil according to the transport order provided by Party
      A.

     

    	4.  	
            Weight
              Metering Standard and Loss 

          

    Using
      the
      of the ex-factory weight upon the Measurement Management of Finished Oil of
      China PetroChemical Corporation. 

     

    	5.  	
            Expenses
              and Other Undertakings

          

    Party
      B
      should undertake the railway delivery expenses.

     

    	6.  	
            Payment
              Terms

          

    Payment
      upon one invoice. 

    The
      price
      should be C.I.F. Party A should pay off the total price after receiving the
      oil
      and invoice. 

     

    	7.  	
            Amendment
              and Cancelation of this Contract

          

    	7.1  	
            This
              contract can be amended or canceled upon the written consent of the
              two
              parties hereto. 

          

    	7.2  	
            If
              any one of the following cases occurs, this contract may be terminated
              by
              the two parties or by the non-breaching party.

          

    	7.2.1  	
            The
              purpose of the contract can not be achieved for force
              majeure;

          

    	7.2.2  	
            Any
              party transfers all or partial rights or obligations in this contract
              to a
              third party without the prior written consent of the other party;
              

          

    	7.3  	
            The
              payment term, settlement and the dispute term shall survive the
              termination of this contract.

          

    	7.4  	
            When
              terminating this contract, the terminating party should perform the
              obligation of informing the other party. 

          

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    	8.  	
            Default
              

          

    	8.1  	
            Party
              B shall hereunder indemnify and hold Party A harmless from any incurred
              losses for unqualified oil provided by Party B and pay 1% of the total
              price of this contract to Party A as the default penalty.
              

          

    	8.2  	
            The
              breaching party shall indemnify and hold the non-breaching party harmless
              from any losses resulting from the default of the breaching party.
              Each
              party shall bear their respective liabilities resulting from their
              own
              faulty accordingly. 

          

     

    	9.  	
            Force
              Majeure

          

    	9.1  	
            Any
              party who could not fulfill its obligations in this contract for force
              majeure such as fire, earthquake, typhoon, flood and other such kind
              of
              nature disasters, unpredictable, inevitable or uncontrollable events
              should inform the other party in 48 hours after such event occurs and
              provide valid documentary evidence in seven days and this party may
              not
              bear the results. 

          

    	9.2  	
            Any
              party who is suffered the force majeure have the obligation to try
              the
              best efforts to lower the loss from force majeure.
              

          

     

    	10.  	
            Disputes

          

    In
      case
      of any dispute, the two parties hereto should negotiate friendly or they could
      propose a suit to the local People’s Court
      in the
      place where Party
      A
      is
      located.
      

     

    	11.  	
            Effectiveness
              of the Contract and Others 

          

    	11.1  	
            This
              contract shall be effective upon the signing by the two parties hereof.
              

          

    	11.2  	
            If
              there are any matters not covered by this contract, parties hereto
              may
              negotiate it in an amendment. 

          

    	11.3  	
            The
              exhibits and amendment to this contract have the same validity as this
              contract and constitute an entire contract together with this contract.
              The term in this contract should be treated as the final term if it
              is
              different from the respective exhibit and the amendment should be treated
              as the final term if it is different from this contract.
              

          

    	11.4  	
            The
              contract is in duplicate and each Party shall hold one copy and the
              facsimile copy should be deemed to the original
              contract. 

          

    

    

    Party
      A (Buyer):
      Chuan Yu Branch of China Petroleum & Chemical Sales
      Corporation

    

    Legal
      Person /Authorized Person (Signature or Company Seal):

    

    

    Party
      B (Seller): Xi’an Baorun Industrial Development Co., Ltd.

     

    Legal
      Person /Authorized Person (Signature or Company Seal):

     

    Place:
      Chengdu Date: Jan 10, 2007Sales
      Company of Shaanxi Yanchang Petroleum OiløGroup÷Co.,
      Ltd.

    Finished
      Oil Sales Contract of Yanlian Sales Office 

    

    Contract
      No.: 2007-01-10

    

    Seller:
      Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co.,
      Ltd.— Yanlian Sales Office

    Buyer:
      Xi’an Baorun Industrial Development Co., Ltd.

     

    	1.  	
            This
              contract is made by and between the seller and the buyer regarding
              the
              finished oil purchase in 2007 based on friendly negotiation and
              mutual
              benefits. 

          

     

    
      	
              Product

            	
              Quantity(Ton)

            	
              Price(Yuan/t)
                

            
	
              Gasoline
                

            	
              30,000

            	
              Standard
                price of Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co.,
                Ltd.

            
	
              Diesel
                

            	
              30,000

            

    

     

    	2.  	
            Quality
              Standard and Technical Index: 

          

     

    Gasoline:
      GB17903-1999

    Diesel:
      GB252-2000

     

    	3.  	
            Delivery
              Place, Transportation Manner and Fees

          

     

    Delivery
      Place: Oil loading platform in finished oil workshop of Yanlian
      Group

    Transportation
      Manner: The buyer should transport the oil from Yanlian Group by themselves.
      

    Fees:
      The
      buyer should undertake the related delivery fees. 

     

    	4.  	
            Package
              and Weight Metering Standard

          

     

    Package:
      Oil tank of Truck

    Metering
      Standard: The weight of the finished oil should be measured by the platform
      scale on the oil loading platform in finished oil workshop of Yanlian Group.
      

     

    	5.  	
            Payment
              Term

          

     

    The
      buyer
      should make the payment first on the purchasing day and the seller will bill
      the
      invoice for VAT in the middle and end of each month. 

     

    	6.  	
            Miscellaneous

          

     

    The
      two
      parties should supply and pick up the oil in compliance with the terms of this
      contract and update the finished oil quantity every half a month. The buyer
      should be informed three days in advance if the seller is unable to supply
      oil
      for delivery prevention and maintenance. The buyer should pay 10Yuan/ton to
      the
      seller for deposit. If the buyer couldn’t purchase the agreed quantity for
      special reason the seller should be informed one day in advance and the buyer
      will suffer a penalty of 10 Yuan/T and should require the same quantity as
      this
      month in the next month. If the buyer couldn’t finish the agreed oil quantity
      for three-months the two parties should terminate the business relationship.
      

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    	7.  	
            Disputes

          

     

    If
      there
      are any matters not covered by this contract, parties hereto may negotiate
      it in
      other arrangement. In case of any dispute, the two parties may propose a suit
      to
      the local People’s Court
      in the
      place where the
      non-breaching party
      is
      located.
      

     

    	8.  	
            The
              contract is in quadruplicate and each Party shall hold two
              copies. 

          

     

     

    
      	
               

              Seller

            	
               

              Buyer

            
	
              Company
                Name

            	
              Sales
                Company of Shaanxi Yanchang Petroleum OiløGroup÷Co.,
                Ltd.

            	
              Company
                Name

            	
              Xi’an
                Baorun Industrial Development Co., Ltd.

            
	
              Address

            	
               

              Yanlian
                Sales Office Jiaokouhe Town Luochuan County, Shaanxi 

            	
               

              Address

            	
               

              Dongxin
                Century Square # 7 Huoju Rd Xi'an, Shaanxi

            
	
              Legal
                Person

              (Authorized
                Person )

            	
               

              (Seal
                of Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co.,
                Ltd.)

            	
              Legal
                Person

              (Authorized
                Person )

            	
               

              (Seal
                of Xi’an Baorun Industrial Development Co., Ltd.)

            
	
               

              Telephone

            	
               

              0911-3811226
                3811531

            	
               

              Telephone

            	
               

              029-82682018

            
	
               

              Opening
                Bank

            	
               

              Huijiahe
                Sub-Branch of Yanlian Branch of China Construction Bank

            	
               

              Opening
                Bank

            	
               

              East
                District Branch of China Everbright Bank

            
	
               

              Account
                #

            	
               

              61001688936052500060

            	
               

              Account
                #

            	
               

              087859120100302067154

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]