Document:

Sales
      Contract of Finished Oil 

    

    

    Party
      A (Seller): Xi’an Baorun Industrial Development Co., Ltd. Contract
      No.: zc20061011

    Party
      B (Buyer): Shangdong
      Jin Cheng Petrochemical Group Co. Ltd.
      Place:
      Xi’an

     

    	1.  	
            The
              Quality, Supplier, Quantity, Amount and Delivering Time of The Product.
              

          

     

    
      	
              Product

               

            	
              Type

            	
              Quantity(ton)

            	
              Price
                (Yuan)

            	
              Total
                Amount

            	
              Delivering
                Time

            
	
              #
                5
                Diesel

            	 	
              3,000

            	
              5,230

            	
              15,690,000

            	 
	
              Total
                Amount: Fifteen million six hundred and ninety thousand
                Yuan

            

    

     

    	2.  	
            Quality
              Requirements
              and Technical Standard 

          

    Quality
      requirements: Using the quality test result of the sample product on the arrival
      station. 

    The
      quality of the product should reach the national standards. 

     

    	3.  	
            Delivery
              Place

          

    Arrival
      Station: Dongfeng Station, special rail way of Sinopec Qilu Company Ltd.

     

    	4.  	
            Delivery
              Method and Cost

          

    The
      seller should bear all of the expenses before arrival and the buyer should
      bear
      the delivery expenses after receiving the product but the seller should assume
      the return expenses of the self-prepared vehicle. 

     

    	5.  	
            Acceptance
              Criteria

          

    Using
      the
      data offered by the refinery. When the train arrives at the station the seller
      should supervise the uploading process. 

     

    	6.  	
            Payment
              Term

          

    Payment
      upon two invoices (invoices of VAT and transportation fee).

    The
      buyer
      shall pay 80% of the total amount after receiving the product and pay the
      balance upon receiving the invoices of VAT and transportation fee accepted
      by
      the buyer. And the payer of the invoices should be the full name of Shandong
      Jincheng Petrochemical Group. 

     

    	7.  	
            Default

          

    The
      liability from default and breaching action shall be resolved in compliance
      with
      Contract Law of the People's Republic of China. 

     

    	8.  	
            Disputes

          

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

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    
      	
               

              Seller

            	
               

              Buyer

            
	
              Company
                Name

            	
              Xi’an
                Baorun Industrial Development Co., Ltd.øGroup÷Co.,
                Ltd.

            	
              Company
                Name

            	
              Shangdong
                Jin Cheng Petrochemical Group Co. Ltd.

            
	
              Address

            	
               

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

            	
               

              Address

            	
               

              Maqiao
                Town Hengtaixian, Zibo City, Shandong Province

            
	
              Legal
                Person

            	
               

              (SEAL)

            	
              Legal
                Person

            	
               

              (SEAL)

            
	
               

              Authorized
                Person

            	 	
               

              Authorized
                Person

            	 
	
               

              Zip
                Code

            	
               

              710043

            	
               

              Zip
                Code

            	
               

              256405

            
	
               

              Fax

            	
               

              029-82683629

            	
               

              Fax

            	
               

              0533-8530055Sales
      Contract of Finished Oil

    

    Contract
      No.: 200606143

    

    Seller:
      Xi’an Baorun Industrial Development Co., Ltd. Place:
      Xi’an 

    Buyer:
      Zibo City Lin Zi Lu Hua Refined Chemicals Co., Ltd. Date:
      Nov
      28, 2006 

     

    This
      contract is made by and between the seller and the buyer based on friendly
      negotiation and mutual
      benefits pursuant to Contract Law of P.R.China. 

     

     

    

       

      	1.  	
              Product,
                Quantity, Price and Delivery Time.

            

       

    

     

    
      	
               

              Product

            	
               

              Quantity(Ton)

            	
               

              Price(Yuan/t)

            	
               

              Delivery
                time

            	
               

              Type

            	
               

              Amount(Yuan)

            
	
               

              Naphtha

            	
               

              2000

            	
               

              4350

            	
               

              Before
                Dec 31 ,2006

            	 	
               

              8,700,000

            
	
               

              Total
                Amount : Eight Million Seven Hundred Thousand Yuan
                

            

    

     

    	2.  	
            Manufacturer:
              Shaanxi
              Yanchang Petroleum OiløGroup÷Co.,
              Ltd. Yanan Refinery 

          

     

    	3.  	
            Quality
              Requirement and Technical Index

          

     

    Specific
      Gravity: 0.70-0.73 (20°C);
      Dry
      Point<180; Bromine Point<5.0; Sulphur<1000

     

    Chlorine<3;
      Copper<10; Arsenic<20.

     

    	4.  	
            Delivery
              Place and Arrival Station.

          

     

    Dongfeng
      Station, Qilu Petrochemical Co., Ltd. special railway; or

     

    Lanshan
      Station, Shandong Tonghai Dock special railway. 

     

    	5.  	
            Transportation
              Manner and Fees.

          

     

    Railway
      Transportation 

     

    The
      Seller bears all of the cost before arrival. The Buyer will pay the fees after
      arrival. The coming back cost of vehicle will be born by the Seller.

     

    	6.  	
            Acceptance
              Criteria.

          

     

    Using
      the
      data offered by the refinery. 

     

    	7.  	
            Payment
              Term, Time and Means.

          

    	7.1  	
            Payment
              Term: Delivery after payment;

          

    	7.2  	
            Payment
              Means: Cash (with invoices for VAT and transportation
              fees).

          

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    	8.  	
            Miscellaneous

          

    	8.1  	
            The
              Seller will send commodity value-added tax and transportation invoices
              to
              the buyer at the end of that month. 

          

    	8.2  	
            If
              the oil refinery changes the price, the two parties will negotiate
              otherwise.

          

     

    	9.  	
            Disputes

          

    This
      contract will come into effect upon signing by the two parties hereto. In case
      of any dispute, the two parties should go to the court
      in the
      place where the
      non-breaching party
      is
      located.
      

     

    

    
      	
               

              Seller

            	
               

              Buyer

            
	
              Company
                Name

            	
              Xi’an
                Baorun Industrial Development Co., Ltd.

            	
              Company
                Name

            	
              Zibo
                City Lin Zi Lu Hua Refined Chemicals Co., Ltd.

            
	
              Address

            	
               

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

            	
               

              Address

            	 
	
              Legal
                Person

            	
               

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

            	
              Legal
                Person

            	
               

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

            
	
               

              Authorized
                Person 

            	
               

              Shi
                Chengzhou 

            	
               

              Authorized
                Person

            	
               

              Yu
                Jiandan 

            
	
               

              Opening
                Bank

            	
               

              East
                District Branch of China Everbright Bank

            	
               

              Opening
                Bank

            	
               

              East
                District Branch of China Everbright Bank

            
	
               

              Account
                #

            	
               

              087859120100302067154

            	
               

              Account
                #

            	 
	
               

              Telephone

            	
               

              86-029-82683629

            	
               

              Telephone

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