Document:

Unassociated Document

    

      Zhanhua
Jiutai Gas Co., Ltd.

      

      Equity
Transfer Agreement

      

      This Agreement is entered by
and between the Transferors and Transferee in _____ (place) on the day
of December
12,2009.

      

      Transferors:

      

      (1) Deqiang
Song,  ID Number:372325197407080817,
Address:_____________;

      

      (2) Runfa Zheng, ID
Number:120223197107163817,Address:________________;

      

      (3) Ying Wang,ID
Number:302301520829074 ,Address:__________________;

      

      (4) Zhixin Han,ID
Number:120223196307204439,Address:__________________;

      

      (5) Yaofeng Shao,ID
Number:310105197412164418,Address:________________。

      

      Transferee:

      

      Qinhuangdao
Chensheng Gas Co., Ltd.

       

      
        	
                Address:

              	
                Postcode:____________

              
	 	 
	
                Legal
      Representative: Dunhong Shi

              	
                Position:_____________

              

      

      

      

      ("Transferors" and
"Transferee", hereinafter are referred to as collectively "Parties", or
individually "Party".)

      

      The
Company:

      

      Zhanhua
Jiutai Gas Co., Ltd. (hereinafter referred to as “Jiutai” ), a limited liability
company established and existing under Chinese laws with the registered address
in _______________, it’s legal representative _______.

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      Whereas:

      

      (1) Mr. Deqiang Song,
one of the Transferors, holds 40% equity of Jiutai;

      

      (2) Mr. Runfa Zheng,
one of the Transferors, holds 20% equity of Jiutai;

      

      (3) Ms. Ying Wang,
one of the Transferors, holds 20% equity of Jiutai;

      

      (4) Mr. Zhixin Han,
one of the Transferors, holds 10% equity of Jiutai;

      

      (5) Mr. Yaofeng Shao,
one of the Transferors, holds 10% equity of Jiutai;

      

      (6) The registered
capital of Jiutai is Renminbi Five hundred thousand Yuan; and

      

      (7) Transferee agrees
to purchase all equity of Jiutai held by Transferors .

      

      Pursuant
to the "Company Law of the People's Republic of China", The "Agreement Law of
the People's Republic of China " and other applicable laws and regulations and
the relevant provisions of the Articles of Association of Jiutai, Transferors
and the Transferee, after good faith consultations, conclude this Agreement
regarding share transfer as follows:

      

      
        	
                1、

              	
                Transferred
      Equity

              

      

      

      
        
          	
                  1.1

                	
                  Transferors
      jointly and severally agree to sell all equity of Jiutai held by all the
      Transferors (hereinafter referred to as "Transferred Equity ") to the
      Transferee.

                

        

      

      

      Mr.
Deqiang Song agrees to sell the 40% equity of Jiutai which he duly holds to the
Transferee;

      

      Mr. Runfa
Zheng agrees to sell the 20% equity of Jiutai which he duly holds to the
Transferee;

      

      Ms. Ying
Wang agrees to sell the 20% equity of Jiutai which she duly holds to the
Transferee;

      

      Mr.
Zhixin Han agrees to sell the 10% equity of Jiutai which he duly holds to the
Transferee;

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      Mr.
Yaofeng Shao agrees to sell the 10% equity of Jiutai which he duly holds to the
Transferee;

      

      
        
          	
                  1.2

                	
                  Transferee
      agrees to buy all equity of Jiutai from all the
    Transferors.

                

        

      

      

      Transferee
agrees to buy 40% equity of Jiutai from Mr. Deqing Song, which he duly
holds;

      

      Transferee
agrees to buy 20% equity of Jiutai from Mr. Runfa Zheng, which he duly
holds;

      

      Transferee
agrees to buy 20% equity of Jiutai from Ms. Ying Wang, which she duly
holds;

      

      Transferee
agrees to buy 10% equity of Jiutai from Mr. Zhixin Han, which he duly
holds;

      

      Transferee
agrees to buy 10% equity of Jiutai from Mr. Yaofeng Shao, which he duly
holds.

      

      
        
          	
                  1.3

                	
                  The
      Transferee shall have all shareholder rights, undertake obligations and
      responsibilities of shareholder in accordance with applicable Chinese laws
      and the provisions of the Articles of Association of
    Jiutai.

                

        

      

      

      
        	
                2、

              	
                A
      precondition of the transfer of
equity

              

      

      

      
        
          	
                  2.1

                	
                  The Parties agree that the
      following conditions shall be satisfied prior to the selling of equity by
      the Transferors, the buying of equity by the Transferee and performance of
      the transferred equity delivery by the
Parties:

                

        

      

      

      (1)all necessary
permissions, instructions, consents, licenses, approval or authorization,
related to the legality, validity or enforceability of the selling of the
transferred equity, buying of the transferred equity, issued by the relevant
government authorities, departments or other organizations have been obtained or
made;

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      (2)all the necessary
procedures, formalities and procedures related to the selling and buying the
transferred equity have been completed or performed.

      

      
        
          	
                  2.2

                	
                  The
      Transferee may, at any time by writing to waive any of the above
      preconditions, and such waiver may be based on the terms and conditions
      which the Transferee
determines.

                

        

      

      

      
        
          	
                  2.3

                	
                  The
      Parties agree that except otherwise agreed in this Agreement, the
      Transferee shall be entitled to terminate this Agreement unilaterally
      without any liability of breach of Agreement if some or all of the
      preconditions are still unable to be satisfied before the completion of
      transferred equity delivery. If the Transferee suffers from loss hereby,
      the Transferors shall compensation such losses to the
      Transferee.

                

        

      

      

      
        	
                3、

              	
                Transfer
      price and Time of payment

              

      

      

      
        
          	
                  3.1

                	
                  The
      Parties agree that the transfer price is based on the appraisal report
      issued by the accounting firm which is properly qualified and designed by
      the Transferee and approved by the Transferors. The base date of the
      evaluation is September 30, 2009. The Parties agree that the price of the
      100% transferred equity is Renminbi sixteen million five hundred thousand
      Yuan (hereinafter referred to as "total transfer price") and the
      installment method of payment. The payment shall be made in Renminbi under
      this Agreement and be paid within the territory of the People's Republic
      of China.

                

        

      

      

      
        
          	
                  3.2

                	
                  Payment
      Schedule

                

        

      

      

      The
Parties agree that the total transfer price shall be paid according to the
following Payment Schedule upon the approval of the three evaluation reports
mentioned in the Article 3.1 3 by the board of directors of the
Transferee:

      

      
        
          	
                  3.2.1

                	
                  The
      amount of the first installment is 58% of the total transfer price,
      Renminbi Nine million five hundred thousand Yuan. The Transferee shall
      make the first installment payment to the Transferors within 13 working
      days as of the effective day of this
Agreement.

                

        

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      To pay
Renminbi three million eight hundred thousand Yuan to Mr. Deqiang Song, one of
the Transferors;

      

      To pay
Renminbi one million nine hundred thousand Yuan to Mr. Runfa Zheng, one of the
Transferors;

      

      To pay
Renminbi one  million nine hundred thousand Yuan to Ms. Ying Wang, one
of the Transferors;

      

      To pay
Renminbi nine hundred fifty thousand Yuan to Mr.Zhixin Han, one of the
Transferors;

      

      To pay
Renminbi nine hundred fifty thousand Yuan to Mr.Yaofeng Shao, one of the
Transferors.

      

      
        
          	
                  3.2.2

                	
                  The
      Parties agree that, the Transferors shall complete all of the following
      procedures within 10 working days as of the date of the first installment
      payment; otherwise, the Transferee shall have the right to refuse to make
      the second installment
payment:

                

        

      

      

      
        (1) the Transferors
increase the registered capital of Jiutai to not less than Renminbi five hundred
million Yuan on their own expenses and complete the update of the registration
with the local Industrial and Commercial department.

      

      

      (2) the Transferors
actively coordinate with the government relations to obtain a written
confirmation from the supervisory departments of Zhanhua government,
and

      

      (3) The Transferors
shall release a public statement in the local media ________ ,where Jiutai is
located, to announce that the Transferors and Jiutai have no any ongoing
litigation, arbitration cases (including under implementation), no any
circumstance of seal-up, freezing or seizure of possession or other judicial
enforcement situation, and no any disputes or potential disputes which may cause
litigation or arbitration. Meanwhile, there is no any outstanding guaranty
provided by Jiutai for any other person/entity. Before the completion of the
transferred equity delivery, all rights and obligations of Jiutai transfer to
the Transferors, the Transferors jointly and severally have the rights and take
the obligations, except the business that the Agreement for exploitation is
signed but no any receivables is collect yet.

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      (4) All of the update
registration procedures relating to the equity transfer include, but not limited
to, the update registration with the Industrial and Commercial department and
other relevant update registration required by other authorities;

      

      (5) Completion of
delivery of transferred equity.

      

      
        
          	
                  3.2.3

                	
                  Transferors
      jointly and severally acknowledge that the percentage of the equity held
      by each Transferors will remain the same after the registered capital of
      Jiutai is increased to not less than Renminbi five million Yuan. The
      Parties agree that each Transferor will go on to transfer all of their
      equity to the Transferee after completion of the update registration of
      the aforementioned increase of the registered capital. The provisions of
      this Agreement related to the transfer of equity between the Parties shall
      apply to transfer of equity after the aforementioned capital
      increase.

                

        

      

      

      
        
          	
                  3.2.4

                	
                  The
      Transferee acknowledges that the registered capital increase described in
      the Article 3.2.3 will not lead to any liability of Jiutai
      occurred.

                

        

      

      

      
        
          	
                  3.2.5

                	
                  The
      amount of the second installment payment is 36%of the total transferred
      price, that is, Renminbi six million Yuan. The preconditions to make the
      second installment payment are as
follows:

                

        

      

      

      
        
          	
                	
                  (1)

                	
                   All
      preconditions for the first installment payment have been met without any
      losses to the normal operations of
Jiutai.

                

        

      

      

      
        
          	
                	
                  (2)

                	
                  The
      second installment payment is completed within the sixth month as of the
      date of the first installment
payment.

                

        

      

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      
        
          	
                	
                  (3)

                	
                   The
      Transferors assist Jiutai to pass a comprehensive inspection of all of its
      gas stations and pipe network and to obtain a passed inspection report
      issued by the supervisory
department.

                

        

      

      

      To pay
Renminbi two million four hundred thousand Yuan to Mr. Deqiang Song, one of the
Transferors;

      

      To pay
Renminbi one million two hundred thousand Yuan to Mr. Runfa Zheng, one of the
Transferors;

      

      To pay
Renminbi one million two hundred thousand Yuan to Ms. Ying Wang, one of the
Transferors;

      

      To pay
Renminbi six hundred thousand Yuan to Mr.Zhixin Han, one of the
Transferors;

      

      To pay
Renminbi six hundred thousand Yuan to Mr.Yaofeng Shao, one of the
Transferors.

      

      
        
          	
                  3.2.6

                	
                  The
      amount of the third installment payments is 6% of the total transfer
      price, that is, Renminbi one million Yuan. In order to ensure the smooth
      transition of Jiutai and the stability of the project operations, the
      Transferee will keep the third installment payment as a transfer deposit,
      which will be paid to the Transferors within the twelfth month after the
      completion of delivery of the transferred
  equity.

                

        

      

      

      To pay
Renminbi four hundred thousand Yuan to Mr. Deqiang Song, one of the
Transferors;

      

      To pay
Renminbi two hundred thousand Yuan to Mr. Runfa Zheng, one of the
Transferors;

      

      To pay
Renminbi two hundred thousand Yuan to Ms. Ying Wang, one of the
Transferors;

      

      To pay
Renminbi one hundred thousand Yuan to Mr.Zhixin Han, one of the
Transferors;

      

      To pay
Renminbi one hundred thousand Yuan to Mr.Yaofeng Shao, one of the
Transferors.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      
        
          	
                  3.3

                	
                  The
      Transferors jointly and severally agree that when the Transferee makes
      payment to the Transferors, the Transferee is entitled to deduct any of
      the remaining payables (if any) owed by the Transferors on its own
      discretion without any prior consent of the
  Transferors.

                

        

      

      

      
        	
                4.

              	
                Adjustment
      of Transfer Price

              

      

       

      
        	
                4.1

              	
                The
      Transferors jointly and severally acknowledge that the Transferors shall
      separate the surplus land from Jiutai on their own expenses, except the
      land underlying all of the comprehensive office buildings of Jiutai and
      the gas station sites run by Jiutai (see detailed list in Annex I to this
      Agreement, "details of the land required by Jiutai for gas station
      sites"), or assist the Transferee to sign a land lease Agreement with the
      government. Notwithstanding the foregoing provision, the Transferee agrees
      to take the land transfer fees charged by the state in the course of the
      aforementioned separation of the land underlying the gas station sites
      required by Jiutai. If the Transferors fail to fulfill the foregoing
      obligations before the second installment payment, then the Transferee is
      entitled to reduce the amount of 500,000 Yuan from the total transfer
      price or to request Renminbi 500,000 Yuan as compensation of breach of
      Agreement from the Transferors.

              

      

      

      
        
          	
                  4.2

                	
                  The
      Transferors jointly and severally undertake to be responsible for jointly
      selected by the first two industrial users to complete and sign the
      pipeline gas supply Agreement in accordance with requirements of the
      Transferee on the earlier date of the 90th day as of the first installment
      payment and the day of the second installment payment. If the Transferors
      fail to fulfill the foregoing obligations before the second installment
      payment, then the Transferee is entitled to reduce the amount of 500,000
      Yuan from the total transfer price or to request Renminbi 500,000 Yuan as
      compensation of breach of Agreement from the
  Transferors.

                

        

      

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

      
        
          	
                  4.3

                	
                  Transferors
      jointly and severally undertake to ensure before the completion of the
      delivery that: the stability of the personnel of Jiutai so that no new
      additional staff, salary adjustments or other changes shall occur except
      staff and salary contained in the "list of company personnel and salary
      details" (see annex II to this Agreement, the "list of company personnel
      and salary details"); the stability of the debt of Jiutai so that no new
      engineering advances and payables except that contained in the "
      Obligations transfer list" (see Annex III to this Agreement, the
      "Obligations transfer list"). The Transferee is entitled to deduct the
      losses of Jiutai from the outstanding total transfer price if the
      Transferors breach the aforementioned
guaranty.

                

        

      

      

      
        	
                5、

              	
                Corporate
      Operation before the completion of equity
  transfer

              

      

      

      
        
          	
                  5.1

                	
                  The
      Transferors jointly and severally agrees that Jiutai and the Board of
      Directors appointed by it shall ensure that: first, business operation of
      Jiutai will be carried on in accordance with the normal and prudent
      principles; second, the Company and its Board of Directors shall not deal
      with or shall deal with (or allow to deal with) any (those things that
      shall be done or not be done during the normal operation) important
      actions or matters. Moreover, without a written consent from the
      Transferee in advance before the completion of the equity transfer, the
      Transferors shall, in particular (but not limited to the general
      applicability of the statement mentioned above), ensure that Jiutai shall
      not:

                

        

      

      

      (1) Issue or agree to
issue any shares or loan capitals, or; offer or agree to offer or withdraw any
option of purchase, or; amend any existing articles concerning the acquisition
or subscription of the option or right of any shares or loan
capital;

      

      (2) Make a loan or do
fundraising;

      

      (3) Terminate any
Agreements, arrangements or Agreements of great value, or; waive any rights of
great importance.

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

      (4) Expose any part
of the business operations, properties or assets to mortgages, claims, liens,
pledges, charges and other obligations (whatever the nature or whether they are
similar to those mentioned above), or; create or allow any mortgages, claims,
liens, pledges, charges and other obligations (whatever the nature or whether
they are similar to those mentioned above) in relation with the above mentioned
items, with the exception of liens of no significant value resulting from the
legislation

      

      (5) Give any
promises, assurances, guarantees or pledges to any third Party;

      

      (6) Dispose or agree
to dispose any assets of great value; or acquire or agree to acquire any assets
of great value

      

      (7) Dispose any
ownership, right of holding, keeping or controlling any corporate documents,
account books, lists or records

      

      (8) Register a
compromise, a mediation, an extrajudicial settlement, termination of a
Agreement, exemption from an obligation in any major civil or criminal suits,
litigations or any other legal procedures or concerning any major duties,
claims, litigations, pleas or disputes, or; waive any rights in relation to the
above mentioned situations (unless the rights are made or waived in general or
normal business operation)

      

      (9) Release the
debtor from his debt owed to Jiutai, reach a compromise with the debtor or
cancel any major payment from the account, unless the action is subject to its
general or normal business operation;

      

      (10) Assign or agree
to assign the ownership or possession of any part of the entire assets of
Jiutai, or lease any real estate or possessions, or;

      

      (11) Cancel any
current effective insurance policy or accelerate avoidance of the policy, or
violate any regulations under the insurance policy

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

       

      
        	
                6、

              	
                Matters
      before completion of equity
transfer

              

      

      

      
        
          	
                  6.1

                	
                  The
      Parties agree that a project team will be formed within five working days
      after the execution of this Agreement. The team consists of 4 people, and
      the Transferors and Transferee will severally assign two people of their
      own. The project team will facilitate the operation and management of
      Jiutai, and understand, improve and take over its business operations
      gradually.

                

        

      

      

      
        
          	
                  6.2

                	
                  During
      the process of verifying assets and businesses of Jiutai, should the
      project team find any items not in compliance with Assets Confirmation
      List (please refer to the Attachment 4 below), it can notify both Parties
      at any time. The two Parties will adjust the price of transfer upon
      negotiation. Should the two Parties cannot reach an Agreement on the
      adjustment of the price of transfer, then they shall entrust a
      professional appraisal institution to assess the value of relevant assets.
      Both Parties agree to adjust the price of transfer based on the result of
      assessment. Each Party will share 50% of the assessment
    fee.

                

        

      

      

      
        
          	
                  6.3

                	
                  The
      project team will be at work for ten working days. During the period, if
      the Transferee cannot make the first installment in accordance with the
      Agreement or the Transferors causes a significant impact on the business
      operation of Jiutai due to its false reports or data, the Agreement will
      be terminated automatically and the project team will be dismissed
      unconditionally.

                

        

      

      

      
        
          	
                  6.4

                	
                  The
      Transferors shall pay up the entire amount due to be executed before the
      completion of equity transfer at its own cost, or transfer the amount to
      Transferors with consent from relevant creditors. After the completion of
      equity transfer, Jiutai shall be responsible for the amount due in the
      construction Agreement signed by it. Despite of the above-mentioned
      Agreement, the payment to be charged in the development Agreement signed
      before the completion of the equity transfer still belongs to
      Jiutai.

                

        

      

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

       

      
        	
                7、

              	
                Completion
      of equity transfer

              

      

      

      
        
          	
                  7.1

                	
                  The
      Parties agree that they will establish a “transfer team” to complete the
      equity transfer of Jiutai within ten working days upon the completion of
      the first installment. The day when “transfer team” is established is the
      delivery day.

                

        

      

      

      
        
          	
                  7.2

                	
                  The
      Transferors shall prepare a list of transfer for the “transfer team”. The
      list shall show all the assets, corporate books required by the law,
      account books, documents, Agreements, and Agreements and so
      on.

                

        

      

      

      
        
          	
                  7.3

                	
                  The
      term of transfer for the project team is ten working days. During the
      period, if the Transferee cannot make the first installment in accordance
      with the Agreement or the Transferors causes a significant impact on the
      business operation of Jiutai due to its false reports or data, the
      Agreement will be terminated
automatically

                

        

      

      

      
        
          	
                  7.4

                	
                  To
      facilitate the equity transfer, the Transferors shall present the
      following documents to the
Transferee:

                

        

      

      

      (1) All the orders,
licenses, Agreements issued by organs of authority on selling or buying the
transferred equity or certified copies that have been approved.

      

      (2) Certificates of
shares on the equity transfer (including register of shareholders of
Jiutai)

      

      (3) Letters of
resignation from all the current directors of Jiutai. It should be confirmed
that none of these letters of resignation have involved Jiutai in any requests
(whether it is about compensation for resignation or any other reasons). The
resignation shall be effective upon the delivery day.

      

      (4) Confirmation
letters of senior officers of Jiutai to confirm that none of the officers have
requests for the Company (whether it is about compensation for resignation or
any other reasons).

      

      (5) Certificates that
prove property right alteration registration procedures concerning the selling
and buying of transferred equity have been finished properly

      

      (6) Certificates that
prove existing bank accounts of Jiutai have been rendered void and new
authorization orders have been issued to personnel appointed by the
Transferee

       

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

       

      (7) Certificates of
property right of the assets

      

      (8) Certificates of
debit and credit sides of accounts issued by each bank serving Jiutai by the
time of closing as of the day of completion of the delivery.

      

      
        
          	
                  7.5

                	
                  Both
      Parties agree that the transfer shall be deemed to be completed upon the
      day when the Transferee confirms that the “transfer team” has completed
      its work and the Transferors have fulfilled its obligations under Article
      7.4.

                

        

      

      

      
        	
                8、

              	
                Commitment
      and guarantee

              

      

      

      
        
          	
                  8.1

                	
                  The
      Transferors jointly and severally commits and guarantees
    that:

                

        

      

      

      
        
          	
                  8.1.1

                	
                  The
      Transferors legally owns 100% of the equity of Jiutai. Should any third
      Party raise requests to the Transferee for ownership or interest of the
      equity, the Transferors shall bear full responsibility and compensate the
      Transferee for any loss incurred
hereof.

                

        

      

      

      
        
          	
                  8.1.2

                	
                  The
      equity to be transferred by the Transferors shall not subject to any other
      rules and regulations beyond the ones stipulated expressly in this
      Agreement. Should any third Party produce effective evidence that the
      transfer by the Transferors subjects to other rules and regulations, the
      Transferors shall bear full responsibility and compensate the Transferee
      for any loss incurred hereof.

                

        

      

      

      
        
          	
                  8.1.3

                	
                  Upon
      the execution of the Agreement, no third Party has access to the equity
      acquired by the Transferee, its subsidiary rights and interests or those
      to be generated from the
equity.

                

        

      

      

      
        
          	
                  8.1.4

                	
                  Individual
      income tax of the revenue generated from the equity transfer shall be
      borne by the Transferors, who shall pay tax to the local tax bureau and
      submit copies of certificate of tax payment to the
    Transferee.

                

        

      

      

      
        
          	
                  8.1.5

                	
                  Jiutai
      is established and exists in accordance with Chinese
  laws.

                

        

      

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

       

      
        
          	
                  8.1.6

                	
                  Jiutai
      owns and has acquired all the effective authorization letters, licenses,
      approvals and permits to manage existing assets and carry out all the
      business operations (See Annex V "The production and operation information
      of Jiutai"). The above-mentioned documents have been registered and
      recorded in relevant departments in accordance with effective rules and
      regulations.

                

        

      

      

      
        
          	
                  8.1.7

                	
                  Except
      written disclosure to the Transferee, the assets of Jiutai do not subject
      to any guarantees or any right of third Party or any other limitations
      that might affect the execution of rights concerning the above-mentioned
      assets or interests. As of the execution day of the Agreement, nobody will
      execute or claim to execute any rights that might significantly affect the
      conditions of the transferred assets, or raise any disputes directly or
      indirectly involving the transferred
assets.

                

        

      

      

      
        
          	
                  8.1.8

                	
                  Upon
      execution by both Parties, the Agreement will be binding upon the
      Transferors.

                

        

      

      

      
        
          	
                  8.1.9

                	
                  Except
      written disclosure to the Transferee, the assets do not subject to any
      litigations, arbitrations or administrative procedures involving any other
      enterprises or its
subsidiaries.

                

        

      

      

      
        
          	
                  8.1.10

                	
                  Except
      explicit disclosure, the transferred assets of Jiutai do not subject to
      any other loans to be paid or debts of any
  forms.

                

        

      

      

      
        
          	
                  8.1.11

                	
                  Before
      the execution day of the Agreement, no written notice from creditors that
      will make a mandatory disposal of assets of
  Jiutai.

                

        

      

      

      
        
          	
                  8.1.12

                	
                  As
      of the execution day of the Agreement, as far as the Transferors knows, no
      major accidents occur or based on rational judgment might occur to the
      existing business, finance or
operation.

                

        

      

      

      
        
          	
                  8.1.13

                	
                  The
      Assets Confirmation List (please refer to the Annex 4 below) provided by
      Transferors to Transferee is true, accurate and
  complete.

                

        

      

      

      
        
          	
                  8.1.14

                	
                  On
      the base day of assets appraisal, Jiutai has effective and tradable
      ownership in all the fixed assets stipulated in Assets Confirmation List,
      including but not limited to all the machines, constructions, on-going
      projects, gas pipeline, land and other fixed and current assets. Moreover,
      it is still entitled to effective and tradable ownership in the
      above-mentioned assets and all the acquired assets upon the delivery
      day.

                

        

      

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

       

      
        
          	
                  8.1.15

                	
                  Upon
      the delivery day, major assets in operation of Jiutai shall be in good
      condition and comply with normal standards of gas industry after
      periodical and proper
maintenance.

                

        

      

      

      
        
          	
                  8.1.16

                	
                  The
      operation of Jiutai has never gone against rules and regulations of China,
      never received any written notice from relevant management or public
      service department that indicates authorization, license, approval and
      permit awarded to the target company before have been revoked due to its
      delinquent behaviors and the revocation of the above-mentioned documents,
      compliance with relevant regulations or remedial measures adopted have
      seriously affected the business operation of the target
      company.

                

        

      

      

      
        
          	
                  8.1.17

                	
                  The
      Obligations Transfer List (please refer to Annex 3) provided by
      Transferors to Transferee is true, accurate and
  complete.

                

        

      

      

      
        
          	
                  8.1.18

                	
                  Before
      the delivery day, all the debts owed by Jiutai have been shown in the Debt
      Transfer List (please refer to Attachment 3), including but not limited to
      the amount owed to the original shareholders, the amount payable to
      suppliers and construction teams, salaries and benefits payable to
      employees, taxes payable to tax bureau and so on. The above-mentioned
      debts have been paid up by the Transferors at its own cost or transferred
      to the Transferee with consent from relevant
  creditors.

                

        

      

      

      
        
          	
                  8.1.19

                	
                  Except
      for debts shown in the Debt Transfer List (please refer to Annex 3), there
      is no other debt owed by Jiutai before the Delivery
  day.

                

        

      

      

      
        
          	
                  8.1.20

                	
                  The
      Transferors will negotiate with the Transferee on matters concerning
      equity transfer not mentioned herein in accordance with Chinese rules and
      regulations.

                

        

      

      

      
        
          	
                  8.1.21

                	
                  The
      Transferors shall be responsible for the above-mentioned statement and
      guarantee. Should it go against either of the above articles, the
      Transferee reserves the right to deduct RMB Two million from the entire
      price of transfer.

                

        

      

      

      
        
          	
                  8.1.22

                	
                  The
      Transferors jointly confirms that the Transferee signs the Agreement based
      on trust in every
guarantee.

                

        

      

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

       

      
        
          	
                  8.1.23

                	
                  Should
      the Transferee has proper reason to believe a potential violation of the
      guarantee, within three years after the completion of the transfer, the
      Transferee, its counselors and representatives reserve the right to
      require the Transferors to offer all the facilities (in particular, the
      access to all the financial records and other documents of the
      Transferors) so that the Transferee can confirm whether a violation has
      occurred to the relevant
guarantee.

                

        

      

      

      
        
          	
                  8.1.24

                	
                  The
      Transferors jointly commits that upon the execution of the Agreement, it
      will terminate any negotiation on the equity transfer of Jiutai with any
      third Party except the Transferee. Meanwhile, it will not carry out new
      negotiations on the equity transfer of Jiutai with any third Party except
      the Transferee.

                

        

      

      

      
        
          	
                  8.1.25

                	
                  The
      above-mentioned statement and guarantee remain effective after the
      delivery day.

                

        

      

      

      
        
          	
                  8.2

                	
                  Commitment
      and guarantee from the
Transferee

                

        

      

      

      
        
          	
                  8.2.1

                	
                  The
      Transferee is a legal entity established and existing in accordance with
      Chinese laws.

                

        

      

      

      
        
          	
                  8.2.2

                	
                  In
      execution of the Agreement, the Transferee has acquired all the lawful
      rights and interests which have been approved by the board of shareholders
      (directors) in accordance with Corporate Law and
      Article of Association. The decision has become effective and will not
      subject to being invalid and
revoked.

                

        

      

      

      
        
          	
                  8.2.3

                	
                  The
      Transferee will negotiate with the Transferors on all the contents of the
      Agreement and matters not mentioned herein in accordance with Chinese
      rules and regulations.

                

        

      

      

      
        
          	
                  8.2.4

                	
                  The
      Transferee shall be responsible for the above mentioned statement and
      guarantee. If the Transferors has fulfilled its obligation under the
      Agreement, the Transferee shall also bear relevant liabilities and pay the
      acquisition amount to the Transferors as stipulated in the
      Agreement.

                

        

      

       

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

       

      
        	
                9、

              	
                Liability
      for breach of the Agreement

              

      

      

      
        
          	
                  9.1

                	
                  In
      the event that there is any material omission or severe fraud in the
      documents or data submitted by Transferors, the Agreement may be
      terminated by the Transferee. Meantime the transferor shall indemnify for
      the damage herein caused by the
transferors.

                

        

      

      

      
        	
                9.2

              	
                The
      transferee shall pay a late payment penalty to the Party who does not
      receive the transfer payment on time every day, which is equivalent to the
      amount of 0.1% of the overdue payment; however in any case the delay
      payment penalty shall not exceed the amount of 5% of overdue payment. The
      Party who does not receive the transfer payment on time is entitled to
      terminate this Agreement if the delay of transfer payment by the
      transferee exceeds six months. If the losses of the Party cannot be offset
      by the aforementioned delay payment penalty, the Transferee shall
      compensate the difference; however in any case the amount of damages shall
      not exceed the amount of 10% of the overdue
  payment.

              

      

      

      
        	
                9.3

              	
                The
      Parties mutually agree that, unless this Agreement is otherwise provided ,
      if either Party makes a material breach of the Agreement, the
      non-defaulting Party has the right to terminate the Agreement according to
      the PRC 《Agreement
      law》and
      applicable judicatory interpretation and may ask for
      compensations.

              

      

      

      
        	
                9.4

              	
                The
      Parties confirm simultaneously that if either Party breaches their
      representations, warranties and facts stated in the Article 8 under the
      Agreement,the
      non-defaulting Party may have the right to terminate this Agreement and
      ask for compensations.

              

      

      

      
        	
                9.5

              	
                That
      any Party breaches any provision of the Agreement including but not
      limited representations、guaranties
      and promises shall consist of a breach of the Agreement. The
      non-defaulting Party may have the right to ask for compensation until to
      terminate this Agreement.

              

      

      

      
        	
                9.6

              	
                After
      completion of the equity transfer, the Transferors shall take positive
      measures to solve all disputes or debts caused by the running of the
      company before the delivery day, or unforeseeable disputes before the
      delivery day. The Transferee shall be compensated by the Transferors for
      the damage caused hereby.

              

      

       

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

       

      
        	
                9.7

              	
                If
      the Transferors fail to fulfill their undertakings on time under the
      Agreement, the Transferors are deemed to breach the Agreement and the
      Transferee may have right to terminate this Agreement and ask for
      compensation.

              

      

      

      
        	
                9.8

              	
                Unless
      this Agreement is otherwise provided, if the Transferors have performed
      all the provisions of this Agreement strictly; however the Transferee
      unilaterally terminates this Agreement, the Transferee shall compensate
      the Transferors for their direct damage caused
  hereby.

              

      

      

      
        	
                10、

              	
                Force
      Majeure

              

      

      

      Neither Party
shall be prevented from failure of performance of any of its obligations under
this Agreement due to an event of Force Majeure outside the reasonable control
of that Party. The Party affected by such event of force majeure shall
notify the other Party immediately in convenient way, and shall not later
than 15 days after the commencement of such event submit the documentary
evidence notarized by local notary organ to the other Party. Both Parties
shall renegotiate the way of dealing with the aftermath such event in
time.

      

      
        	
                11、

              	
                Confidentiality

              

      

      

      Either
Party of this Agreement shall not disclose any information related to this
Agreement to any person、entity or company
during the term of the Agreement or five years after the expiry date of the
Agreement, no matter the person、entity or company
has a competitive relationship with the other Party or not.

       

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

       

      
        	
                12、

              	
                Notices

              

      

      

      
        
          	
                  12.1

                	
                  Any
      and all notices shall be in writing, including facsimile、letter、delivery by
      designated deliverer, the notifying date shall be no later than 7 days
      after the written notice delivered. The notifying date of unwritten notice
      (telephone or email, etc) shall be the date of written confirmation of the
      receiver.

                

        

      

      

      
        
          	
                  12.2

                	
                  Either
      Party altering the notice(s) or the address, shall notice the other Party
      no later than 3 days after the alteration. The altering Party shall take
      all legal liability caused by its failure of performance of notifying
      duty.

                

        

      

       

      If to the
Transferors, notices shall be delivered as follows:

       

      Addressee:_________
Position:_________

      

      Address:__________________
Post code:_________

      

      Facsimile:______________
Email:__________________

       

      If to the
Transferee, notices shall be delivered as follows:

       

      Addressee:_________
Position:_________

       

      Address:__________________
Post code:_________

      

      Facsimile:______________
Email:__________________

      

      
        	
                12.3

              	
                All
      notices and relevant expenses under this Agreement shall be processed by
      either Party respectively in accordance with laws and
      regulations.

              

      

      

      
        	
                13、

              	
                Governing
      law

              

      

      

      The
formation、validity、interpretation
and/or performance of this Agreement shall be governed by PRC
LAWS.

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

       

      
        	
                14、

              	
                Settlement
      of dispute

              

      

      

      Any
dispute arising from between the Parties in connection with this Agreement shall
be settled by the Parties amicably through good faith discussion .In the event
that any such dispute cannot be resolved through such discussions, either Party
may file a suit in the People’s Law court which has jurisdiction over the
Transferee in accordance with the domicile principle.

      

      
        	
                15、

              	
                Severability

              

      

      

      Any
provision of the Agreement shall be deemed as severable. If any provision of the
Agreement is invalid, it shall not affect the validity of the rest of the
provisions of this Agreement.

      

      
        	
                16、

              	
                Non-waiver

              

      

      

      If either
Party does not insist the other Party on the performance of any provision of the
Agreement at any time, the Party shall not be deemed to waive the provision or
waive the right to insist the other Party on execution of the
provision.

      

      
        	
                17、

              	
                Transcript

              

      

      

      The
formal text of the Agreement shall be written in CHINESE. Any provision of such
Agreement shall be interpreted under the usual meaning of the words in the
Chinese version.

      

      
        	
                18、

              	
                Title
      and Subtitles

              

      

      

      All title
and subtitles of the Agreement are in the convenience of the reference only and
shall not limit or affect any provision provided in the Agreement.

       

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

       

      
        	
                19、

              	
                Entire
      agreement

              

      

      

      
        
          	
                  19.1

                	
                  This
      Agreement includes all agreements and memorandums related to the subject
      of this Agreement and supersede any and all previous written or oral
      agreements and/or memorandums concluded by any consultation relating to
      the subject of this Agreement. Unless this Agreement is otherwise provided
      expressly, any other condition, definition, guarantee or statement related
      to the subject of this Agreement shall not be binding on both
      Parties.

                

        

      

      

      
        
          	
                  19.2 

                	
                   Any
      correction、amendment、replacing or
      modification of this Agreement shall be made in writing and shall be
      ascertained that it is relevant to the Agreement and shall be signed by
      the representatives or designated person(s) of both Parties of the
      Agreement.

                

        

      

      

      
        
          	
                  19.3

                	
                  Both
      Parties of the Agreement mutually agree that in the convenience of
      processing the procedure of the update registration related to the share
      transferring hereof with the local industry and commercial bureau, both
      Parties may enter into a simpler share-transferring Agreement. The content
      of the simple share-transferring Agreement shall not be controversial with
      this Agreement hereof. In case of any controversy, this Agreement shall
      prevail.

                

        

      

      

      
        
          	
                  20、

                	
                  This
      Agreement shall come into affective upon its signing and sealing by both
      parties and approval of the Board of Directors of the Transferee. The
      transferors jointly and severally acknowledge to authorize Mr. Runfa
      Zheng, one of the transferors, to sign this agreement on behalf of each
      transferor and provide the appropriate power of attorney prior to signing
      of this Agreement to the
Transferee.

                

        

      

      

      
        
          	
                  21、

                	
                  This
      Agreement is executed in eight counterparts. Each transferor holds one and
      the transferee holds three.

                

        

      

       

      附:Annexes

       

      Annex I
"Details of the land required by Jiutai for gas station sites"

       

      Annex II
The "list of the personnel of Jiutai and salary details"

       

      Annex III
The "Obligations transfer list"

       

      Annex IV
"Assets Confirmation List"

       

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

       

      Annex V
"The production and operation information of Jiutai"

       

       (This
page is blank below.)

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

       

      [Signature
and seal]

       

       

      Transferor:

      

      Authorized
Representative:

      

       

      Transferee:

      

      Authorized
Representative:

      

      Date:

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

       

      Annex
I "Details of the land required by Jiutai for gas station
sites"

      
        
           

        

        
          24

          
            

          

        

        
           

        

      

       

      Annex
II “list of the personnel of Jiutai and salary details"

      
        
           

        

        
          25

          
            

          

        

        
           

        

      

       

      Annex
III   "Obligations transfer list"

      
        
           

        

        
          26

          
            

          

        

        
           

        

      

       

       Annex
IV “Assets Confirmation List”

       

      
        
           

        

        
          27

          
            

          

        

        
           

        

      

       

       Annex
V “Production and operation information of Jiutai"

       

      Part
1 Primary Information of the Company

      

      Business
License

      

      Business
License No.:

      

      Registration
No.:

      

      Issuing
Date:

      

      Address:

      

      Type
of Enterprise:

      

      Registered
Capital:

      

      Business
Scope:

      

      Business
Term:

      

      Board
of Directors:

      

      Name                                              Designated
by                                                        Position

      

      Board
of Supervisors:

      

      Name                                              Designated
by

      

      
        
           

        

        
          28

          
            

          

        

        
           

        

      

       

      Part
2 Certificates and Licenses of Operations

       

      
        
           

        

        
          29Unassociated Document

     

    Equity
Transfer Agreement

    

    This
Agreement is entered by and between the Transferor and Transferee in Tianjin on
the day of  Dec. 16, 2009.

    

    Transferor:

     

    Flying
Dragon Resource Development Limited (hereinafter
referred to as "FDRD")

    

    Transferee:

     

    Willsky
Development Ltd.

    

     (The
Transferor and the Transferee shall hereinafter be referred to individually as a
"Party" and collectively as the "Parties".)

    

    Target Company:

     

    Fuzhou
City Lean Zhongran Gas Inc. (hereinafter referred to as “Lean Zhongran”), a
limited company established and existing under the laws of China, with its
registered address at No. 6 Aoxi Road, Aoxi Town, Lean County, Jiangxi Province,
with its legal representative of Clemente Lindo Garcia.

    

    Whereas:

     

    The
shareholders of Lean Zhongran are FDRD holding 100% equity.

    The
Transferee agrees to purchase all equity of Target Company from the
Transferor.

    Pursuant
to the Company Law of the
People's Republic of China and Contract Law of the People's
Republic of China and other applicable laws and regulations the
Transferor and the Transferee, after friendly consultations, conclude this
Agreement regarding the equity transfer as follows:

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    1、Transferred
Equity

     

    
      	
              1.1

            	
              Transferor
      jointly and severally agree to sell all equity of Target Company held by
      all the Transferor (hereinafter referred to as "Transferred Equity") to
      the Transferee.

            

    

     

    
      
        	
                1.2

              	
                 Transferee
      agrees to purchase all equity of Target Company from all the
      Transferor.

              

      

    

     

    
      	
              1.3

            	
              After
      the transfer of equity the Transferee shall have the shareholder's rights,
      and undertake obligations and responsibilities of shareholder in
      accordance with applicable China laws and the provisions of the Articles
      of Association of Target Company.

            

    

    

    2、Precondition of
the transfer of equity

     

    
      	
              2.1

            	
              The
      Parties agree that the following conditions shall be satisfied prior to
      the transfer of equity by the Transferor, the purchasing equity by the
      Transferee and performance of the transferred equity delivery by the
      Parties:

            

    

     

    (1)All necessary
permissions, instructions, consents, licenses, approval or authorization,
related to the legality, validity or enforceability of the selling of the
transferred equity, purchasing the transferred equity, issued by the relevant
government authorities, departments or other organizations have been obtained or
made;

     

    (2)All the
necessary procedures, formalities and procedures related to the transferring and
purchasing the transferred equity have been completed or performed.

     

    (3)The transfer of
equity shall not results in the deprivation of operating right of Urban Gas
Pipeline Project of Target Company.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
              2.2

            	
              The
      Transferee may, at any time by writing to waive any of the above
      preconditions, and such waiver may be based on the terms and conditions
      which the Transferee determines.

            

    

     

    
      	
              2.3

            	
              The
      Parties agree that except otherwise agreed in this Agreement, the
      Transferee shall be entitled to terminate this Agreement unilaterally
      without any liability of breach of Agreement if some or all of the
      preconditions are still unable to be satisfied before the completion of
      transferred equity. If the Transferee suffers from losses hereby, the
      Transferor shall compensation such losses to the
    Transferee.

            

    

    

    3、Transfer price
and Time of payment

     

    
      	
              3.1

            	
              The
      Parties agree that the Transferee will let account firm, law firm and the
      engineering designing institute to make due diligence investigation in the
      site of Transferor and provide relevant reports to the Transferee after
      investigation. The Transferor agrees to make great effort to cooperate
      with such third parties.

            

    

    
       

      
        	
                3.2

              	
                The
      Parties agree that the transfer price of 100% equity of Target Company
      shall be RMB 4,800,000
      (hereinafter referred to as "Consideration") and paid in RMB in China or
      equivalent US dollar overseas by the means of installments. Aforesaid
      Consideration is on the basis of assets situation of the Target Company on
      September 30, 2009 (day of assets appraisal) and will be adjusted in
      accordance with the change of assets and liabilities of Target Company
      from the day of assets appraisal to the delivery
  day.

              

      

    

    
       

      
        	
                3.3

              	
                Payment
      Schedule

              

      

    

     

    The
Parties agree that the Consideration shall be paid according to the following
Payment Schedule upon the approval of this Equity Transfer by the board of
directors of the Transferee:

     

    
      	
              3.3.1

            	
              The
      amount of the first installment is 28% of the
      Consideration, namely Renminbi one million thirty-five hundred
      thousand  Yuan. The Transferee shall make the first installment
      payment to the Transferor within 5 working days
      after the satisfaction of following
conditions.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (1)The relevant gas
authority of the government where the Target Company located has issued the
written confirmation that the Target Company will has the operating right of
local Urban Gas Pipeline Project continuously;

     

    (2)The Target
Company has carried out necessary internal decision making procedure according
to its Articles of Association and relevant laws and regulations, including but
not limited to obtaining resolutions of Broad of Directors and Shareholder's
Meeting for approving equity transfer;

    

    The
Transferor shall submit original documents after obtaining abovementioned
documents or satisfaction of above conditions. The day when receiving all above
mentioned documents shall be the day of satisfaction of conditions. Above
conditions shall be satisfied or completed before December 20, 2009, otherwise
the Transferee is entitled to terminate this Agreement and the Transferor shall
pay the Transferee RMB 100,000_ Yuan as
penalty. The Transferor shall assume such default liabilities jointly and
severally.

     

    
      	
              3.3.2

            	
              The
      Parties agree that, the Transferor shall complete all of the following
      items after the day when the Transferee made the full payment of the first
      installment; otherwise, the Transferee shall have the right to refuse to
      make the second installment
payment:

            

    

     

    (1)The Transferor
shall be liable to complete the alteration registration for the equity transfer
of the Target Company coordinating with the Transferee before December 31, 2009,
obtain the new Business License

     

    (2)The Transferor
shall assist the Target Company actively to obtain the approvals, permits for
the environmental assessment, plan, construction, safety evaluation and other
procedures.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (3)The Transferor
shall release public statements in the proper local media under the consent of
the Transferee with consultation, where Target Company are located, to announce
that the Transferor and Target Company are not subject to any ongoing
litigation, arbitration cases (including under implementation), any circumstance
of seal-up, freezing or seizure of possession or other judicial enforcement
situation, or any disputes or potential disputes which may cause litigation or
arbitration. Meanwhile, there is no any outstanding guarantee or mortgages
provided by Target Company for any other person/entity. Before the completion of
the transfer, all rights and obligations of Target Company shall transfer to the
Transferor, who jointly and severally have the rights and take the obligations,
other than the receivable uncollected in connection with the development
agreements signed before the completion.

     

    (4)The Transferor
shall assist to handle other alteration registration procedures other than AIC
alteration registration for the equity transfer, including but not limited to
alteration of tax registration, bank and other procedure other relevant
departments request;

     

    (5)The Transferor
shall provide the lists of creditors' right and obligations to the
Transferee;

     

    (6)The Transferor
and the Target Company shall assist the Transferee to check the fixed
assets;

     

    (7)The Transferor
shall cause the Target Company to complete to transfer following documents to
the Transferee, including but not limited to, company stamps, certificates,
licenses, government permits and documents and materials of engineering,
finance, human resources and business contracts of operation of the Target
Company, no matter in writing or in electronic;

     

    (8)Completion of
the Transfer.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
              3.3.3

            	
              The
      amount of the second installment is 52% of the
      Consideration, namely Renminbi 2,490,000 Yuan.
      The second installment shall be paid on April 30, 2010. The preconditions
      of the second installment are as
follows:

            

    

     

    (1)All procedures
requested for the first installment are completed without any loss for the
operation of Target Company.

     

    (2)The Transferor
assist the Target Company to complete obtaining the approvals, permits for the
plan, construction, environmental assessment, , safety evaluation and other
procedures of the gas project.

     

    (3)The Target
Company obtained the acceptance by the Transferee on the constructed
pipelines.

     

    The
Transferor shall submit original documents after obtaining abovementioned
documents or satisfaction of above conditions. The day when receiving all above
mentioned documents shall be the day of satisfaction of conditions. Above
conditions shall be satisfied or completed before April 30, 2010, otherwise the
Transferee is entitled to terminate this Agreement, the Transferors shall refund
the paid consideration to the Transferee and the Transferor shall pay the
Transferee RMB 300,000_Yuan as
penalty. The Transferor shall assume such default liabilities jointly and
severally.

     

    
      	
              3.3.4

            	
              The
      amount of the third installment is 20% of the
      Consideration, namely Renminbi 960,000 Yuan.
      For the propose of smoothly transition and stable operating of Target
      Company, the third installment shall be considered as deposit of this
      transaction and will be paid to the Transferor on August 31,2010 on the
      condition that the Transferor are free of any
  liabilities.

            

    

    
       

      
        	
                3.4

              	
                The
      Transferor jointly and severally agree that when the Transferee makes
      payment to the Transferor, the Transferee is entitled to deduct any of the
      remaining payables (if any) owed by the Transferor on its own discretion
      without any prior consent of the
Transferor.

              

      

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    4 Adjustment of
Transfer Price

     

    
      	
              4.1

            	
              The
      Transferor jointly and severally undertake to assist to obtain all the
      approvals, permits for the plan, construction, environmental assessment, ,
      safety evaluation and other procedures of the gas project of the Target
      Company before April 30, 2010. If the Transferor fail to fulfill the
      foregoing obligations, then the Transferee is entitled to reduce the
      amount of RMB100,000 _ Yuan
      from the Consideration or to request RMB100,000 _Yuan
      as compensation of breach of Agreement from the
  Transferor.

            

    

     

    
      	
              4.2

            	
              The
      Transferor jointly and severally undertake to assist the Target Company to
      pay up the full amount of registered capital or reduce the registered
      capital into 10,000,000HK Dollars before April 30, 2010. If the Transferor
      fail to fulfill the foregoing obligations, then the Transferee is entitled
      to reduce the amount of Renminbi 100,000Yuan from the Consideration or to
      request Renminbi 100,000Yuan as
      compensation of breach of Agreement from the
  Transferor.

            

    

     

    
      	
              4.3

            	
              Transferor
      jointly and severally undertake to ensure that before the completion of
      the Transfer in order to keep the stability of the personnel of Target
      Company, hiring new staff, salary adjustments or other changes shall not
      be occurred except staff and salary adjustments contained in the "List of
      company personnel and salary details" (specified in annex II to this
      Agreement, the "List of company personnel and salary details") and new
      constructions advance payments and payables shall not be occurred except
      that contained in the " Obligations transfer list" (specified in Annex III
      to this Agreement, the "Obligations transfer list"). The Transferee is
      entitled to deduct the losses of Target Company from the outstanding of
      the Consideration if the Transferor breach the aforementioned
      guarantee.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    5、Corporate
Operation before the Completion of Transfer

     

    
      
        	
                5.1

              	
                The
      Transferor jointly and severally agrees that Target Company and the Board
      of Directors appointed by it shall ensure that: first, business operation
      of Target Company will be carried on in accordance with the normal and
      prudent principles; second, the Company and its Board of Directors shall
      not deal with or shall deal with (or allow to deal with) any (those things
      that shall be done or not be done during the normal operation) important
      actions or matters. Moreover, without a written consent from the
      Transferee in advance before the completion of the Transfer, the
      Transferor shall, in particular (but not limited to the general
      applicability of the statement mentioned above), ensure that Target
      Company shall not:

              

      

    

     

    (1)Issue or agree
to issue any shares or loan capitals, or; offer or agree to offer or withdraw
any option of purchase, or; amend any existing terms concerning the acquisition
or subscription of the option or right of any shares or loan
capital;

     

    (2)Make a loan or
raise money;

     

    (3)Terminate any
Agreements, arrangements or Agreements of great value, or; waive any rights of
material value;

     

    (4)Create or permit
to arise any mortgage, charge, lien, pledge, other form of security or
encumbrance of equity of whatsoever nature, whether similar to the foregoing or
not, on or in respect of any part of its undertaking, property or assets other
than liens arising by operation of law in amounts which are not
material;

     

    (5)Give any
guarantee, indemnity, surety or security to any third party;

     

    (6)Dispose or agree
to dispose of or acquire or agree to acquire any material asset;

     

    (7)Dispose of the
ownership, possession, custody or control of any corporate or other books or
records;

     

    (8)Other than in
the ordinary and usual course of its business, compromise, settle, release,
discharge or compound any material civil, criminal, arbitration or other
proceedings or any material liability, claim, action, demand or dispute or waive
any right in relation to any of the foregoing;

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (9)Other than in
the ordinary course of its business, release compromise or write off any
material amount recorded in the books of account of the Target Company as owing
by any debtors of such Target Company;

     

    (10)Let or agree to
let Target Company to transfer the possession or ownership of the whole or any
part of the Property, or take on lease or assume possession of any real
property;

     

    (11)Terminate any
or allow to lapse any material insurance policy now in effect or defaulting
under any provision thereof.

    

    6、Matters prior to
Completion of the Transfer

     

    
      
        	
                6.1

              	
                During
      the process of verifying assets and businesses of Target Company, should
      the Transferee find any items not in compliance with Assets Confirmation
      List (please refer to the Attachment 4 below), it can notify both Parties
      at any time. The two Parties will adjust the price of transfer upon
      negotiation. Should the two Parties cannot reach an agreement on the
      adjustment of the price of transfer within 7 working days after the
      notice, then they shall retain a professional appraisal institution to
      assess the value of relevant assets. Both Parties agree to adjust the
      price of transfer based on the result of assessment. Each Party will share
      50% of the assessment fee.

              

      

       

    

    
      	
              
                6.2

              

            	
              
                The
      Transferor shall pay up the entire outstanding payables of all uncompleted
      contracts before Completion of the Transfer at its own cost, or transfer
      the payables to Transferor with prior consent from relevant creditors.
      Target Company shall be responsible for the payables of the construction
      agreement signed by it after the Completion of the Transfer.
      Notwithstanding aforesaid, the uncollected receivables of the development
      agreement signed before the Completion of the Transfer shall still belongs
      to Target Company. Both Parties shall conclude Finance Settlement Rules
      for the settlement of tax, advance payments, account payable, account
      receivable and etc. before the completion of delivery, which shall be one
      of the annexes of this
Agreement.

              

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	
              
                6.3

              

            	
              
                Contingent
      liabilities or other liabilities of the Target Company before the
      completion of delivery which the Transferor do not disclosed shall be
      assumed by the Transferor jointly and severally. If the Target Company
      assumes or pays such liabilities in advance and is subject to losses, the
      Transferor shall compensate all losses to the Target Company within 5
      working days after the occurrence of actual
  losses.

              

            

    

    

    7、Completion of the
Transfer

     

    
      
        	
                7.1

              	
                The
      Parties agree that they will establish a “transfer team” jointly to
      complete the equity transfer of Target Company within three working days
      upon the completion of the first installment. The day when “transfer team”
      is established is the delivery
day.

              

      

    

     

    
      	
              
                7.2

              

            	
              
                The
      Transferor shall prepare a list of transfer for the “transfer team”. The
      list shall show all the assets, corporate books required by the law,
      account books, documents, agreements, and contracts and so
      on.

              

            

    

     

    
      	
              
                7.3

              

            	
              
                If
      the Transferee failed to make the first installment in accordance with the
      Agreement or the Transferor causes a significant impact on the business
      operation of Target Company due to its false reports or data, the
      Agreement will be terminated
automatically

              

            

    

     

    
      	
              
                7.4

              

            	
              
                To
      facilitate the Completion of the Transfer, the Transferor shall submit the
      following documents to the
Transferee:

              

            

    

     

    (1) Permits and
approvals in writing for the alteration registration of equity transfer from
Committees of Foreign Trade and Economic Cooperation and AIC;

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (2)Certificates of
shares on the equity transfer (including register of shareholders of Target
Company);

     

    (3)Letters of
resignation from all the current directors, supervisors of Target Company. It
should be confirmed that none of these letters of resignation have involved
Target Company respectively in any claims (no matter it is on the compensation
for resignation or any other reasons). The resignation shall be effective upon
the delivery day;

     

    (4)Confirmation
letters of senior officers of Target Company to confirm that none of the
officers have claims against the Target Company respectively (no matter it is on
the compensation for resignation or any other reasons);

     

    (5)Certificates
that prove property right alteration registration procedures concerning the
selling and purchasing of transferred equity have been duly
completed;

     

    (6)Certificates
that prove existing bank accounts of Target Company respectively have been
rendered void and new authorization orders have been issued to personnel
appointed by the Transferee;

     

    (7)Certificates of
ownership of the assets; and

     

    (8)Certificates by
the Target Company banks of the amount standing to the debit or credit of such
accounts at the close of business on the day of Completion of the
Transfer.

     

    
      
        	
                7.5

              	
                Both
      Parties agree that the transfer shall be deemed to be completed upon the
      day when the Transferee confirms that all works of delivery has completed
      and the Transferor have fulfilled its obligations under Article
      7.4.

              

      

    

    

    8、Representations
and Warranties

     

    
      
        	
                8.1

              	
                The
      Transferor jointly and severally commits and guarantees
    that:

              

      

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      	
              
                8.1.1

              

            	
              
                The
      Transferor legally owns 100% of the equity of Target Company. Should any
      third Party raise requests to the Transferee for ownership or interest of
      the equity, the Transferor shall bear full responsibility and compensate
      the Transferee for any loss incurred
  hereof.

              

            

    

     

    
      	
              8.1.2

            	
                The
      Transferred Equity shall not subject to any restriction under any laws and
      agreements beyond the ones stipulated expressly in this Agreement. Should
      any third Party produce effective evidence that the transfer by the
      Transferor subjects to under any laws and agreements, the Transferor shall
      bear full responsibility and compensate the Transferee for any loss
      incurred hereof.

            

    

     

    
      	
              
                8.1.3

              

            	
              
                Upon
      the performance of the Agreement, no third Party has access to the equity
      acquired by the Transferee, its subsidiary rights and interests or those
      to be generated from the
equity.

              

            

    

     

    
      	
              
                8.1.4

              

            	
              
                Individual
      income tax of the revenue generated from the equity transfer shall be
      borne by the Transferor, who shall pay tax to the local tax bureau and
      submit copies of certificate of tax payment to the
      Transferee.

              

            

    

     

    
      	
              
                8.1.5

              

            	
              
                The
      Target Company are established and existing under the laws of
      China.

              

            

    

     

    
      	
              
                8.1.6

              

            	
              
                Target
      Company own and have acquired all the effective authorization letters,
      licenses, approvals and permits to manage existing assets and carry out
      all the business operations (specified in Annex V "The production and
      operation information of Target Company"). The above-mentioned documents
      have been registered and recorded in relevant authorities in accordance
      with applicable laws and
regulations.

              

            

    

     

    
      	
              
                8.1.7

              

            	
              
                Except
      written disclosure to the Transferee, the assets of Target Company are not
      subject to any guarantees or any right of third Party or any other
      limitations that might affect the execution of rights concerning the
      above-mentioned assets or interests. As of the execution day of the
      Agreement, nobody will execute or claim to execute any rights that might
      significantly affect the conditions of the transferred assets, or raise
      any disputes directly or indirectly involving the transferred
      assets.

              

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	
              
                8.1.8

              

            	
              
                Upon
      execution by both Parties, this Agreement will be binding upon the
      Transferor.

              

            

    

     

    
      	
              
                8.1.9

              

            	
              
                Except
      written disclosure to the Transferee, the assets are not subject to any
      litigations, arbitrations or administrative procedures involving any other
      enterprises or its
subsidiaries.

              

            

    

     

    
      	
              
                8.1.10

              

            	
              
                Except
      explicit disclosure, the transferred assets of Target Company are not
      subject to any other loans to be paid or debts of any
      forms.

              

            

    

     

    
      	
              
                8.1.11

              

            	
              
                Before
      the execution day of the Agreement, there is no written notice from
      creditors that will make a mandatory disposal of assets of Target
      Company.

              

            

    

     

    
      	
              
                8.1.12

              

            	
              
                As
      of the execution day of the Agreement, as far as the Transferor know, no
      material adverse affects occur or based on reasonable judgment might occur
      to the existing business, finance or
  operation.

              

            

    

     

    
      	
              
                8.1.13

              

            	
              
                The
      Assets Confirmation List (specified in Annex 4 below) provided by
      Transferor to Transferee is true, accurate and
    complete.

              

            

    

     

    
      	
              
                8.1.14

              

            	
              
                On
      the base day of assets appraisal, Target Company have effective and
      tradable ownership in all the fixed assets stipulated in Assets
      Confirmation List, including but not limited to all the machines,
      constructions, on-going projects, gas pipeline, land and other fixed and
      current assets. Moreover, it is still entitled to effective and tradable
      ownership in the above-mentioned assets and all the acquired assets upon
      the date of the Completion of the
  Transfer.

              

            

    

     

    
      	
              
                8.1.15

              

            	
              
                Upon
      the delivery day, major assets in operation of Target Company shall be in
      good condition and comply with normal standards of gas industry after
      periodical and proper
maintenance.

              

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      	
              
                8.1.16

              

            	
              
                The
      operations of Target Company have never gone against rules and regulations
      of China, never received any written notice from relevant management or
      public service department that indicates authorization, license, approval
      and permit awarded to the target company before have been revoked due to
      its delinquent behaviors and the revocation of the above-mentioned
      documents, compliance with relevant regulations or remedial measures
      adopted have material adverse affects to the business operation of the
      Target Company.

              

            

    

     

    
      	
              
                8.1.17

              

            	
              
                The
      Obligations Transfer List (please refer to Annex 3) provided by Transferor
      to Transferee is true, accurate and
  complete.

              

            

    

     

    
      	
              
                8.1.18

              

            	
              
                Before
      the delivery day, all the debts owed by Target Company have been shown in
      the Debt Transfer List specified in Annex III), including but not limited
      to the amount owed to the original shareholders, the amount payable to
      suppliers and construction teams, salaries and benefits payable to
      employees, taxes payable to tax bureau and so on. The above-mentioned
      debts have been paid up by the Transferor at its own cost or transferred
      to the Transferor with consent from relevant
    creditors.

              

            

    

     

    
      	
              
                8.1.19

              

            	
              
                Except
      for debts shown in the Debt Transfer List (please refer to Annex 3), there
      is no other debt owed by Target Company before the Delivery
      day.

              

            

    

     

    
      	
              
                8.1.20

              

            	
              
                The
      Transferor will negotiate with the Transferee on matters concerning equity
      transfer not mentioned herein in accordance with Chinese rules and
      regulations.

              

            

    

     

    
      	
              
                8.1.21

              

            	
              
                The
      Transferor shall be responsible for the above-mentioned representations
      and warranties. If the Transferor are in breach of any of such terms, the
      Transferee reserves the right to deduct RMB 500,000Yuan from the
      Consideration.

              

            

    

     

    
      	
              
                8.1.22

              

            	
              
                The
      Transferor jointly confirms that the Transferee signs this Agreement
      relying on every guarantee and
warranty.

              

            

    

     

    
      	
              
                8.1.23

              

            	
              
                Should
      the Transferee has proper reason to believe a potential violation of such
      guarantees, within three years after the completion of the transfer, the
      Transferee, its counselors and representatives reserve the right to
      require the Transferor to offer all the facilities (in particular, the
      access to all the financial records and other documents of the Transferor)
      so that the Transferee can confirm whether a violation has occurred to the
      relevant guarantees.

              

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    
      	
              
                8.1.24

              

            	
              
                The
      Transferor jointly commits that upon the execution of the Agreement, it
      will terminate any negotiation on the equity transfer of Target Company
      with any third Party except the Transferee. Meanwhile, it will not carry
      out new negotiations on the equity transfer of Target Company with any
      third Party except the
Transferee.

              

            

    

     

    
      	
              
                8.1.25

              

            	
              
                The
      above-mentioned representations and guarantees remain effective after the
      delivery day.

              

            

    

    

    
      	
              
                8.2

              

            	
              
                The
      Transferee commits and guarantees
that:

              

            

    

     

    
      	
              
                8.2.1

              

            	
              
                The
      Transferee is a legal entity established and existing under the laws of
      United States.

              

            

    

     

    
      	
              
                8.2.2

              

            	
              
                The
      Transferee will negotiate with the Transferor on matters concerning equity
      transfer not mentioned herein in accordance with laws and regulations of
      China.

              

            

    

     

    
      	
              
                8.2.3

              

            	
              
                The
      Transferee shall be responsible for the above mentioned representations
      and guarantees. If the Transferor have fulfilled its obligation under the
      Agreement, the Transferee shall also bear the liabilities of performing
      this Agreement and pay Consideration to the Transferor as stipulated in
      this Agreement.

              

            

    

    

    9、Liability for
breach of the Agreement

     

    
      
        	
                9.1

              	
                In
      the event that there is any material omission or severe fraud in the
      documents or data submitted by the Transferor, the Agreement may be
      terminated by the Transferee. Meantime the Transferor shall indemnify the
      Transferee for the damage herein caused by the
  Transferor.

              

      

    

    
       

      
        	
                9.2

              	
                The
      Parties mutually agree that, unless this Agreement is otherwise provided,
      if either Party makes a material breach of the Agreement, the observant
      party has the right to terminate the Agreement according to the Contract
      Law of People's Republic of China and applicable judicatory interpretation
      and claim for compensations.

              

      

    

    
       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

       

      
        	
                9.3

              	
                The
      Parties confirm simultaneously that if either Party breaches their
      representations, warranties and facts stated in the Article 8 under the
      Agreement,the
      observant party may have the right to terminate this Agreement and claim
      for compensations.

              

      

    

    
       

      
        	
                9.4

              	
                Any
      Party breaching any provision of the Agreement including but not limited
      to representations、guarantees
      and warranties shall consist of the breach of the Agreement. The observant
      party may have the right to claim for compensation until to terminate this
      Agreement.

              

      

    

    
       

      
        	
                9.5

              	
                After
      completion of the equity transfer, the Transferor shall take positive
      measures to solve all disputes or debts caused by the running of the
      company before the delivery day, or unforeseeable disputes before the
      delivery day. The Transferee shall be compensated by the Transferor for
      the damage caused hereby.

              

      

    

    
       

      
        	
                9.6

              	
                If
      the Transferor fail to fulfill their undertakings on time under the
      Agreement, the Transferor are deemed to breach the Agreement and the
      Transferee may have right to terminate this Agreement and claim for
      compensation.

              

      

    

    
       

      
        	
                9.7

              	
                Unless
      this Agreement is otherwise provided, if the Transferor have performed all
      the provisions of this Agreement strictly; however the Transferee refuses
      to make payment according to the schedule under this Agreement
      unilaterally terminates this Agreement, the Transferee shall compensate
      the Transferor for their direct damage caused
  hereby.

              

      

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    10、Force
Majeure

     

    Neither
Party shall be prevented from failure of performance of any of its obligations
under this Agreement due to an event of Force Majeure outside the reasonable
control of that Party. The Party affected by such event of force majeure shall
notify the other Party immediately in convenient way, and shall not later than
15 days after the commencement of such event submit the documentary evidence
notarized by local notary organ to the other Party. Both Parties shall negotiate
the way of dealing with the aftermath such event in time.

    

    11、Confidentiality

     

    Either
Party of this Agreement shall not disclose any information related to this
Agreement to any person、entity or company
during the term of the Agreement or five years after the expiry date of the
Agreement, no matter the person、entity or company
has a competitive relationship with the other Party or not.

    

    12、Notices

     

    
      
        	
                12.1

              	
                Any
      and all notices shall be in writing, including facsimile、letter、delivery by
      designated deliverer, the notifying date shall be no later than 7 days
      after the written notice delivered. The notifying date of unwritten notice
      (telephone or email, etc) shall be the date of written confirmation of the
      receiver.

              

      

    

    
       

      
        	
                12.2

              	
                Either
      Party altering the notice(s) or the address, shall notice the other Party
      no later than 3 days after the alteration. The altering Party shall take
      all legal liability caused by its failure of performance of notifying
      duty.

              

      

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    If to the
Transferor, notices shall be delivered as follows:

     

    addressee:Lin
Gong  position:Director

     

    address:Gas Station, Xiayang
Village, Dengjia Country, Dongxiang County, Jiangxi Province post
code:331801

     

    facsimile:0794-4220898  email:linyan@flyingdragon.cc

     

    If to the
Transferee, notices shall be delivered as follows:

     

    addressee:___________  position:___________

     

    address
______________________   post
code:_____________

     

    facsimile:___________  email:___________  

     

    
      	
              12.3

            	
              All
      notices and relevant expenses under this Agreement shall be processed by
      either Party respectively in accordance with laws and
      regulations.

            

    

    

    13、Governing
law

    The
formation、validity、interpretation
and/or performance of this Agreement shall be governed by PRC LAWS.

    

    14、Settlement of
dispute

     

    Any
disputes arising from or in connection with this Agreement shall be settled
through friendly negotiation between the Parties. If the dispute cannot be
resolved by negotiation, then any Party may submit the dispute to China
International Economic and Trade Arbitration Committee Tianjin International
Economic and Financial Arbitration Center for arbitration according to and
regulations in effect at the time of applying for arbitration. The arbitration
award shall be final and binding on all parties.

    

    15、Severability

     

    Any
provision of the Agreement shall be deemed as severable. If any provision of the
Agreement is invalid, it shall not affect the validity of the rest of the
provisions of this Agreement.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    16、Non-waiver

     

    If either
Party does not insist the other Party on the performance of any provision of the
Agreement at any time, the Party shall not be deemed to waive the provision or
waive the right to insist the other Party on execution of the
provision.

    

    17、Transcript

     

    The
formal text of the Agreement shall be written in CHINESE. Any provision of such
Agreement shall be interpreted under the usual meaning of the words in the
Chinese version.

    

    18、Title and
Subtitles

     

    All tile
and subtitles of the Agreement are in the convenience of the reference only and
shall not limit or affect any provision provided in the Agreement.

    

    19、Entire
agreement

     

    
      	
              19.1

            	
              This
      Agreement includes all agreements and memorandums related to the subject
      of this Agreement and supersede any and all previous written or oral
      agreements and/or memorandums concluded by any consultation relating to
      the subject of this Agreement. Unless this Agreement is otherwise provided
      expressly, any other condition, definition, guarantee or statement related
      to the subject of this Agreement shall not be binding on both
      Parties.

            

    

     

    
      	
              19.2

            	
              Any
      correction、amendment、replacing or
      modification of this Agreement shall be made in writing and shall be
      ascertained that it is relevant to the Agreement and shall be signed by
      the representatives or designated person(s) of both Parties of the
      Agreement.

            

    

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    
      	
              19.3

            	
              Both
      Parties of the Agreement mutually agree that in the convenience of
      processing the procedure of the update registration related to the share
      transferring hereof with the local industry and commercial bureau, both
      Parties may enter into a simpler share-transferring Agreement. The content
      of the simple share-transferring Agreement shall not be controversial with
      this Agreement hereof. In case of any controversy, this Agreement shall
      prevail.

            

    

    

    20、This
Agreement shall come into effective upon the approval of the Board of
Transferee.

     

    21、This
Agreement is executed in four counterparts. Each transferor holds two and the
transferee holds two.

     

    Annexes:

     

    Annex
I  "Details of the land required by Target Company for gas station
sites"

     

    Annex
II  the "list of the personnel of Target Company and salary
details"

     

    Annex
III   the "Obligations transfer list"

     

    Annex
IV  "Assets Confirmation List"

     

    Annex
V  "The production and operation information of Target
Company"

     

    (This
page is blank below)

     

    Signature
Page

     

    Transferor:Flying
Dragon Resource Development Limited

     

    Address:
Albion Plaza, TsimshatsuiKowloon, Hongkong

    

    Authorized
Representative:

    

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    

    Transferee:Willsky
Development Ltd.

     

    Address:            
Tel:          
Fax:         

     

    Authorized
Representativ:

     

    Date :
December ____, 2009

     

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

     

    Annex
I Details of the
land required by Target Company for gas station sites

     

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

     

    Annex II
List of the personnel of Target Company and salary details

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

     

    Annex III
Obligations transfer list

     

    
      
        
           

        

        
          24

          
            

          

        

        
           

        

      

    

     

    Annex IV
Assets Confirmation List

     

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

     

    Annex V
The production and operation information of Target Company

     

    Part one
Basic Information of Target Company

    

    Business
License

    

    Business
License No.:

     

    Registration
No.:

     

    Issuing
Date:

    

    Address:

    

    Type
of Enterprise

    

    Registered
Capital

    

    Business
Scope:

    

    Business
Term:

    

    Board
of Directors:

    

    
      
        	
                Name

              	
                Designated
      by

              	
                Position

              

      

       

    

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

    Board of
Supervisors

     

    
      
        	
                Name                                              Designated
      by

              

      

       

    

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

     

    Part
2 Certificates and Licenses of Operations

     

    
      
         

      

      
        28

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