Document:

Exhibit
4.1

 

 

     

     

    

 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were
written out in full according to applicable laws or regulations.

 

	TEN
    COM	-
    as tenants in common	UNIF
    GIFT MIN ACT...............................Custodian........................
	TEN
    ENT	-
    as tenants by the entireties	(Cust)                           	     (Minor)
	JT
    TEN	-
    as joint tenants with the right of	       Act.....................................................................	
	 	 survivorship
    and not as tenants in common	                  (State)	 
	 	 	 	 
	 	Additional
abbreviations may also be used though not in the above list.

 

For
value received, ___________________________________________________ hereby sell, assign and transfer unto

PLEASE
INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE:

 

 

 

(PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 

	____________________________________________________________________________________________________________________________
	____________________________________________________________________________________________________________________________
	____________________________________________________________________________________________________________________________
	______________________________________________________________________________________________________________________
shares
	of the capital stock represented by the within
    Certificate, and do hereby irrevocably constitute and appoint

 

___________________________________________________________________________________________________________________,
Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in
the premises. 
  

 

	Dated	_______________________________	 

 

	X	 

 THE
SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THIS CERTIFICATE. THE SIGNATURE(S) MUST
BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions).

 

 

 

 

 

 

 

 

SIGNATURE
GUARANTEED:

 

 

TRANSFER
FEE WILL APPLYExhibit 10.7

 

Support
policy agreement

 

Party A: Yantai Laishan Economic
Development Zone Management Committee (hereinafter called Party A)

 

Party B: Yantai Jinzheng Environment
Technology Co., LTD. (hereinafter called Party B)

 

Party B uses wastewater treatment
technology based on membranes, which is the core of a new environmental protection project. In view of the project's domestic
technology, market prospects, tax potential, and economic and social benefits, Laishan Economic Development Zone will provide
Party B the following support to promote its rapid development with the approval of the district party committee and the district
government:

 

1. Financial support policy

 

In view that the project belongs
to high-tech encouraged enterprises and the prospects for development, Party A, after review, agrees to give party B 9.732 million
RMB for three science and technology funds. This investment will be used to promote the new product research and development and
expand the scale of production. After obtaining its land-use right, Party B should begin construction of a new factory in 9 months
and complete project construction in 20 months.

 

2. Tax policy support

 

Party B will produce tax revenue
not less than 6 million RMB each year in 2016~2020. In 2016 turnover (business income plus value added tax) will reach 100 million
RMB, during 2017-2020, the annual growth rate of turnover shall be not less than 40%, and in 2020 Party B's annual turnover share
reach 600 million RMB. After Party B reaches the above millstones, Party A will provide Party B with tax incentives as follows;
during 2016-2017, taxes paid by Party B and retained by local government, will be returned in full to Party B, during the 2018-2020,
taxed paid by Party B and retained by the local government, will be returned to Party B at a rate of 50%.

 

This agreement shall take effect
as of the date of signature of both sides, and seals. This agreement in quadruplicate, party A and party B each hold two copies.

 

Party A: Yantai Laishan Economic
Development Zone Management Committee (Stamped)

 

Signature: /s/ Chenlin Huang

 

Party B: Yantai Jinzheng Environment
Technology Co., LTD. (Stamped) Signature: /s/ Zhuo Zhang

 

Date
of Signature: January 20th 2016Exhibit 10.8

 

Contract for Assignment of
the Right to the Use of State-owned Land

Laishan
District, Yantai county, State-owned land transfer contract No.

 

Assignor:
Yantai Aotesai Energy Co., Ltd.

Assignee:
Yantai Jinzheng Environmental Technology Co., Ltd

 

July
19, 2016

 

Contract
for Assignment of the Right to the Use of State-owned Land

Contracting
parties

Assignor
(Party A): Yantai Aotesai energy Co., Ltd.

Legal
Representative: Xiucheng Liu

Assignee
(Party B): Yantai Jinzheng Environmental Technology Co., Ltd

Legal
Representative: Yuebiao Li

 

In
accordance with the relevant state’s laws and regulations, the two parties conclude this Contract under the principle of
equality, voluntariness.

 

Party
A agrees to transfer 32441.61 m2, part of its land-used right to Party B, the land is located in Economic Development
Area of Daishan district, land No. (2011) 2125, the total land area is 69500 m2 and the usage of land is
for industrial purpose. The right to use the state-owned land is 50 years when transferred to Party B in the form of entirety
or segmentation.

 

The
right to the use of the land transferred from party A to party B was obtained in the form of sold (transferred). Land Certificate
No. (2011) 2125.

 

The
right to the use of the land cost is 450 RMB per square meter, with a total cost of 14,599,724.5 RMB.

 

Term
and the transfer fee: Before the land department accepts the transfer formalities (July 22, 2016). Party B shall pay all the fees
14,599,724.5 RMB of the land transfer. If Party B can’t pay at the appointment date, Party A has the right to decide whether
to continue or cancel the contract.

 

     

     

    

 

Billing
information is as follows:

 

Beneficiary:
Yantai Laishan Economic Development Zone Administrative Committee

Bank:
Agricultural Bank of China branch in Laishan

 

Both
parties shall bear their own taxes according to law. Party B shall pay the expenses associated with planning, assessment, and
land use for the 32441.61 square meters of land.

 

After
the signing of this contract, both parties jointly go to Land and Resources Departments of Yantai to go through the land alteration
registration procedures, and renew the state-owned land use certificate.

 

Party
B obtain the right to use the land according to law.

 

After
the transfer of the right to use the land, the relevant rights and obligations set forth in the land-use right contract (contract
number 01-2008-00002) between Party A and the competent land use department, shall be voluntarily enjoyed and undertaken by Party
B.

 

If
a contract dispute occurs, the parties agree to submit their dispute to the land and resources department for resolution. If the
parties cannot reach a resolution, the parties agree to submit their dispute to the Yantai Arbitration Committee for arbitration
or to the competent people's court.

 

The
parties may execute modifications to this agreement and attach as an appendix. The appendix (if any) and the contract shall have
the same legal effect. .

 

Attachment
of this contract:

 

The
agreement between Party A and Yantai Qingquan Construction and Building Materials Co. Ltd. and Management Committee of Economic
development Area of Laishan District signed at July 6, 2016.

 

This
contract is in quadruplicate, Party A and Party B each hold two copies.

 

This
contract shall become effective upon the signature and seal of both parties

 

Party
A (stamp)

 

Legal
Representative (entrusted agent): Dawei Qi 

Signature:
/s/ Xiucheng Liu

 

Party
B (stamp)

Signature:
/s/ Yuebiao Li

 

Place
of signing: Economic Development Area of Laishan District, Yantai City

Date
of signing: July 19th 2016

 

 

    	 	2	 

     

    

 

Attachment
to Land Use Assignment Contract

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	3	 

     

    

 

Agreement

 

Party
A: Yantai AoTesai Energy Co., LTD

Party
B: Yantai Qingquan Building Material Co., LTD

Party
C: Yantai Administrative Committee of Laishan Economic Development Zone

 

Party
A, B, C have reached the following agreement through consultation and hereby agree to the following terms.

 

I.Party
A owns the land-use right of a piece of land, which is located in Laishan Economic Development Zone (Land use NO: Yan state-owned
(2011) No 2125), the land has been sealed up by Yantai Intermediate People’s Court upon Party B’s application. Party
A still owes Party B RMB 11,103,587.83.

 

II.In
order to repay all debt, after negotiating with Party C, Party A agrees to let Party C contact with a third party to purchase
a portion of the land under seal (about 32,400 square meters). The transfer price is approximately RMB 14.58 million. Party C
will collect payment of transfer on behalf of Party A.

 

III.After
signing of this agreement, Party C will return part of the transfer fee, 4 million RMB to Party A. Party A will pay for applicable
land taxes and expenses. Party A shall cooperate with Party C to handle procedures on the land transfer agreed on in Article 2.

 

IV.Upon
Party B’s receipt of RMB 9.5 million paid by Party C on behalf of Party A, Party B will apply for the revocation of the
property sealed up by the Yantai Intermediate People's Court. Party A and C shall handle the procedures for transferring the land-use
right to the third party.

 

V.When
Party C pays RMB 9.5 million to Party B, it shall pay the remaining RMB 1.08 million to Party A at the same time.

 

VI.If
Party B breaches Article 4 of this agreement, Party B shall repay all payments to Party C. Party B will bear all tax burdens and
cover all of the third party’s loss of interest in the property.

 

VII.Party
C agrees that Party A shall pay land use tax since July, 2011 (the time when Party A acquired the land certificate), not only
on the part of the transferred land-use right, but also on the property that is still owned by Party A.

 

    	 	4	 

     

    

 

Due
to relevant regulations promulgated by administrative departments, Party A shall not be liable for any liability for breach of
contract and will not return any paid taxes. If this land transfer needs the signature (or authorization) of Party A’s shareholders,
which leads it to not signing the transfer contract between Party A and the land transferee and this agreement on time, Party
A will not bear liability for breach of contract.

 

For
any dispute arising from performance of this agreement, the parties shall first attempt to resolve the dispute through amicable
consultation, if that is not successful; each party has the right to file a lawsuit in the Zhifu District People’s Court.
This agreement is in triplicate, each party will hold one copy, and each copy has the same legal effect after execution and seal.

 

Party
A: Yantai AoTesai Energy Co., LTD

Representative:
/s/ Ping Gao

 

Party
B: Yantai Qingquan Building Material Co., LTD

Representative:
/s/ Haitao Zhang

 

Party
C: Yantai Administrative Committee of Laishan Economic Development Zone

Representative:
/s/ Chenlin Huang

 

6th
July, 2016

 

    	 	5	 

     

    

 

Assigned
Contract Pursuant to Land Use Assignment 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	6	 

     

    

 

Contract for State-Owned Construction Land Use Right Assignment

Contract
No:Yantai-01-2008-0002

 

The Concerned Parties to the Present Contract:

Assignor:
Yantai Land and Resources Bureau, Shandong Province, People’s Republic of China

Mailing Address: 7th
Xinyuan Road, Laishan District,Yantai                                              ;

Postal Code:              264003                                      ;

Name of Opening Bank:                                                    ;

 

Assignee:    Yantai
Aotesai Energy Co. Ltd.                                                ;

Mailing Address:     Laishan
Economic Development Zone,  Yantai                              ;

Postal Code:       264000                                             ;

Name of Opening Bank:        Yantai
Branch of Everbright Bank                                        ;

 

Chapter I 
General Provisions

 

Article
1 In accordance with the Real Right Law of the People’s Republic of China, the Contract Law of the People’s Republic
of China, the Law of Land Administration of the People’s Republic of China, the Law of the People’s Republic of China
on Administration of the Urban Real Estates, relevant administrative regulations and rules on land supply policies, the two
parties enter this contract based on the principles of equality, voluntariness, compensation, honesty and credibility.

 

Article
2 The ownership of the assigned land belongs to the People’s Republic of China. The Assignor can only assign the state-owned
construction land use right to the Assignee in accordance with laws. The resources and objects buried there under shall continue
to be owned by the State.

 

Article
3 The holder of the right to use construction land (the Assignee) has the right to possess, use and seek proceeds from the land
owned by the state, and shall be entitled to the construction of buildings, fixtures and their auxiliary facilities by making
use of such land.

 

Chapter
II Delivery of the Assigned Land and Payment of the Assignment Charge

 

Article
4 The Registered No. of the land parcel under this contract is: No.Yan (12008)2002_________, with a total area of (in
Upper Case)  69,657 square meters (in Lower Case_69,657________square meters). Of which, the assigned land area
of the land parcel is 69,657  (in Upper Case) square meters ( in Lower Case  69,657  square meters).

The
assigned land under this contract is located at       Laishan Economic Development Zone       
        .

The
ichnographic boundaries of the assigned land under this contract: J1(4143252.548, 491082.366), J2 (4143214.508, 491385.326), 

J3 (4142921.507,
490969.475),   J4(4142946.686, 490900.724),

J5(4143140.280,
490925.031),    J6(4143122.568, 491065.920), ;

 

Please
see the Sketch of Ichnographic Boundaries of the Assigned Land (Affix I).

The
vertical limits of the assigned land under this contract are to take  /  as its upper limit while to take  / as
its lower limit, with the altitude difference of / meters. Please see the Sketch of Vertical Limits of the Assigned Land
(Affix II).

The
spatial extent of the assigned land refers to the closed space formed by the above-said boundary points posed by the vertical
plane and the upper and lower elevation level.

 

    	 	7	 

     

    

 

Article
5 The use purpose of the assigned land under this contract is Industrial land.

 

Article
6 The Assignor agrees to deliver the assigned land to the Assignee prior to the date of 30/7/2008. And the Assignor agrees
that the assigned land shall meet the following land conditions regulated in Item  1  of this article upon delivering the
land:

1.
To level the land and make it meet the conditions of             /                                     ;

The
infrastructure around the land shall include Paths, Electricity, Water,etc.            ;

2.
Current Status                 /                                                                                                   .

 

Article
7 The use term of the state-owned construction land use right under this contract is  50  years, counting from the date
when the assigned land is delivered according to the Article 6 of this contract. In case applying for completion of the formalities
on state-owned construction land use right, which is previously allotted (or leased), the use term shall be counted from the date
when the contract is signed.

 

Article
8 The assignment charge for the state-owned construction land use right under this contract is RMB (in Upper Case)       19,100,000                                           (in
Lower Case) RMB    19,100,000                              ,
with RMB (in Upper Case)                     274                        (in
Lower Case) RMB                   274                                  for
per square meter.

 

Article
9 The advance deposit for the assigned land under this contract is RMB (in Upper Case)     500,000                        ,
(in Lower Case) RMB      500,000                          .
The advance deposit shall be regarded as a part of the payment for the assignment charge.

 

Article
10 The Assignee agrees to pay the assignment charge in a lump-sum payment for the state-owned construction land use right according
to Item 1 of this article:

 

1.
The assignment charge for the state-owned construction land use right shall be paid up in lump-sum payment within   60    
days after this contract is signed.

 

2.
The assignment charge for the state-owned construction land use right shall be paid in    /       
installments according to the following time and amount.

The first part of Capital of RMB                   /                        Yuan(lowercase      /         Yuan),
payment
time:          /           Prior
to the date.

Phase II Capital of RMB                /                             Yuan(lowercase     /          Yuan), payment
time:               /      Prior
to the date.

Phase      Capital of RMB                       /                     Yuan(lowercase      /         Yuan), payment
time:       /              Prior
to the date.

Phase      Capital of RMB                      /                      Yuan(lowercase        /       Yuan), payment
time:          /           Prior
to the date. 

 

    	 	8	 

     

    

 

In case the assignment charge for the state-owned construction land use right is paid in installments, the Assignee agrees
to pay interests to the Assignor. When the second installment and each installment thereafter are paid according to payment
schedule, the interests shall be paid based on the interest rate published by the People's Bank of China (PBOC) on the date
when the first installment occurs.

 

Article
11 After paying up all the assignment charges of the land parcel in accordance with this contract, the Assignee may apply for
the Registration of State-owned Construction Land Use Right Assignment by presenting this contract and payment receipt of the
assignment charge.

 

Chapter
III The Development, Construction and Utilization of the Assigned Land

 

Article
12 The Assignee agrees the investment intensity to develop the assigned land under this contract shall be meet the criteria stipulated
in Item  1  of this article:

 

1.
Where the assigned land under this contract is used for construction of industrial projects, the Assignee agrees the fixed assets
invested in the land under this contract are not less than the approved amount or the amount put on file, RMB (in Upper Case)        210,000,000                     Yuan(in
Lower Case RMB    210,000,000              Yuan)
and the investment intensity is not less than RMB (in Upper Case)                     3015                     Yuan(in
Lower Case RMB_____3015______ Yuan) per square meter. The investment of fixed assets to the assigned land under this contract
shall include buildings, fixtures and their auxiliary facilities as well as the assignment charge.

 

2.
Where the assigned land under this contract is used for construction of non-industrial projects, the Assignee guarantees the total
investment to the assigned land under this contract is not less than RMB (in Upper Case)               /              Yuan(in
Lower Case RMB                /             Yuan).

 

Article
13 The new buildings, fixtures and their auxiliary facilities established on the assigned land under this contract shall be satisfied
with the planning conditions for the assigned land regulated by the municipal (county) planning administrations. (Please see Appendix
III).Of which:

The
nature of the main building      Factory buildings                                               ;

The
nature of the affiliated buildings           /                                         ;

The
total construction area               >70,000                                      square
meters;

The
floor area ratio (FAR) is not more than          /         not
less than        0.8                 ;

Building
Height Limitation                         /                           ;

Building
Density is not more than           /              not
less than       35%                  ;

Greening
Rate is not more than         15%                not
less than       /                  ;

Other
requirements for the land use / .

 

Article
14 The Assignee agrees to develop the assigned land under this contract according to Item  1  of this article:

 

1.
The assigned land under this contract is used for construction of industrial projects. In accordance with the planning and designing
conditions regulated by the planning departments, within the boundaries of the assigned land under this contract, the land used
for office buildings and life and service facilities shall not be more than       7     %
of the total area of the assigned land, that is, not more than  4876 square meters, and the construction area
shall not be more than  3901        square meters. The Assignee agrees
not to build unproductive facilities on the assigned land under this contract, including residential packages, experts’
floor, hotel, guest house or training center etc.;

 

    	 	9	 

     

    

 

2.
The assigned land under this contract is used for construction of residential projects. In accordance with the planning and construction
conditions regulated by the planning and construction departments, within the boundaries of the assigned land under this contract,
the total number of apartments shall not be less than    /   sets, of which, the apartments
with the construction area of less-than 90 square meters shall not be less than  /     sets
and requirements for the construction of residential dwelling are                    /                                .
Within the boundaries of the assigned land under this contract, the land area used for developing apartments under 90 square meters
shall not less than   /    % of the total area of the assigned land. In case the economically
affordable housing and low-rent housing are developed within the boundaries of the assigned land under this contract, the Assignee
agrees to do according to Item    /    of this item upon completion of construction;

 

1.
To transfer to the local government;

2.
To be purchased by the local government;

3.
To implement relevant administrative regulations on construction and sales of economically affordable housing and low-rent
housing;

4.                       ________ 
/                           ___________________________  ;

5.                           ___        
/  ________________________________                .

 

Article
15 The Assignee agrees to construct the following necessary facilities within the boundaries of the assigned land under this contract,
and voluntarily transfer to the government upon completion of construction:

1.                     ________________________   
/ ___ ________                           ;

2.           ____________________       ____      
/ ___________                            ;

3.                               ___________________    
/ ________________                 .

 

Article
16 The Assignee agrees that the construction projects on the assigned land under this contract shall commence prior to   30     /     7     /   2008
       , and complete prior to   30     /    7      /     2010
     . In case the commencement of construction needs to be deferred, the Assignee shall submit the
application for deferral to the Assignor 30 days in advance. After the deferral of commencement is approved by the Assignor, the
time of completion shall be deferred accordingly. But the deferral shall not exceed one year.

 

Article
17 During the construction on the assigned land under this contract, where water supply, gas supply, power supplies, sewage disposal,
and other facilities need to be connected with the main pipelines outside of the assigned land, the Assignee agrees to do according
to relevant rules.

 

The
Assignee agrees the entering, passing and crossing of any kind of pipelines laid by the government for public purposes. However,
in case where the land use functions are affected, the government or relevant departments shall make reasonable compensations.

 

    	 	10	 

     

    

 

Article
18 The Assignee shall utilize the land according to this contract. Any alteration of land-use purpose and plot ration is prohibited.
Within the assignment term, where the land use purpose needs to be altered, both parties agree to do according to Item   1   
of this article:

 

1.
The Assignor shall withdraw the construction land use right with compensation to the Assignee;

 

2.
To go through the approval formalities of altering the land use purpose in accordance with laws, to sign an alteration agreement
on the state-owned construction land use right assignment or sign a new contract on the state-owned construction land use right
assignment. The Assignee shall make a supplementary payment for the balance between the evaluated market price of the construction
land use right with the new purpose and the evaluated market price of the construction land use right with the previously approved
purpose. The evaluated market price shall subject to the time when the alteration of the land use purpose is approved. The registration
of altering the land use right shall be undertaken.

 

Article
19 Within the use term of the assigned land under this contract, the government reserves its right to adjust the planning of the
assigned land under this contract. In case the original planning needs to be modified, it shall not affect the existing buildings
on the assigned land parcel. But in case the transformation, renovation and rebuilding of the buildings, fixtures and their affiliated
facilities on the assigned land within its use term, or when applying for renewal of the contract upon expiration of use term,
the adjusted planning shall prevail.

 

Article
20 The Assignee shall utilize the state-owned construction land use right in accordance with law. The Assignor shall not withdraw
before the use term in this contract expires. Under special circumstances, where the Assignor needs to withdraw the state-owned
construction land use right for the purpose of social public interests before expiration of use term, approval formalities shall
be needed in accordance with laws. And the Assignor shall compensate the Assignee according to the value of buildings, fixtures
and their affiliated facilities on the assigned land at the time of withdrawal; the evaluated market price of the remained use
term of the state-owned construction land use right; and the evaluated direct loss arising from the withdrawal.

 

Chapter
IV The Transfer, Lease and Mortgage of the State-Owned Construction Land Use Right

 

Article
21 After paying up the assignment charge of the state-owned construction land use right in accordance with this contract, and
obtains the Certificate for the Use of State-owned Land, the Assignee is entitled to transfer, lease or mortgage all or part of
the state-owned construction land use right to a third party. Where the first transfer occurs, it shall meet the conditions regulated
in the Item  1     of this article:

 

1.
The investment and development to the assigned land shall have begun in accordance with this contract, and 25% or above of the
total investment have been made;

 

2.
The investment and development shall have begun in accordance with this contract, and the assigned land has formed conditions
for industrial purpose or other construction purposes.

 

    	 	11	 

     

    

 

Article
22 The contracts on transfer, lease and mortgage of the state-owned construction land use right shall not go against the laws
and regulations of the country and the articles of this contract.

 

Article
23 Where all or part of the state-owned construction land use right is transferred, the rights and obligations specified in this
contract and in the land registration documents shall be transferred accordingly. The use term of the transfer contract for the
assigned land is the remainder of the use term specified in this contract minus the number of the years in which the Assignee
has used the land.

 

Where
all or part of the state-owned construction land use right is leased, the rights and obligations specified in this contract and
in the land registration documents shall be still borne by the Assignee.

 

Article
24 Where the state-owned construction land use right is transferred or mortgaged, both parties related to the transfer and mortgage
shall apply for registration of changes for the land use right at the land and resources administrative department by presenting
this contract, contract on transfer or contract on mortgage, and the Certificate for the Use of State-owned Land.

 

Chapter
V Expiration of Use Term

 

Article
25 When the use term agreed in this contract expires, and the land user continues using the assigned land under this contract,
an application for renewal shall be submitted to the Assignor not less than one year prior to the use term expires. The Assignor
shall approve the renewal unless the Assignor needs to withdraw the assigned land under this contract for the purposes of social
and public interests. In respect of the construction land use right for residential purpose, when the use term expires, it shall
be renewed automatically. When the Assignor agrees on the renewal, the land user shall handle the compensable land-use formalities
in accordance with laws. The compensable land use contract on assignment or lease shall be signed again. And, the assignment charge
or rental shall be paid.

 

Article
26 In case the use term of the assigned land expires and the land user applies for renewal, but fails to get approved by the Assignor
for the purpose of social and public interests, the land user shall return back the Certificate for the Use of State-owned Land.
The cancellation of registration for the state-owned construction land use right shall be undertaken in accordance with regulations.
The state-owned construction land use right shall be taken back by the Assignor without compensation. In respect of the buildings,
fixtures and their affiliated facilities on the assigned land under this contract, the Assignor and the land user agree to conduct
according to Item   1    of this article:

 

1.
The Assignor shall take back the above-ground buildings, fixtures and their affiliated facilities on the assigned land, and give
reasonable compensation to the land user based on the residual value of these buildings, fixtures and their affiliated facilities
at the time of taking back.

 

2.
The Assignor shall take back the above-ground buildings, fixtures and their affiliated facilities on the assigned land without
compensation.

 

    	 	12	 

     

    

 

Article
27 In case the use term of the assigned land expires, the land user fails to apply for renewal, the land user shall return back
the Certificate for the Use of State-owned Land. And the cancellation of registration for the state-owned construction land use
right shall be undertaken in accordance with regulations. The Assignor shall take back the state-owned construction land use right
without compensation. The above-ground buildings, fixtures and their affiliated facilities on the assigned land shall be taken
back by the Assignor without compensation. The land user shall guarantee the normal functions of the above-ground buildings and
other objects thereon. Deliberate destructions are not allowed. Where the above-ground buildings, fixtures and their affiliated
facilities lost their normal functions, the Assignor may request the land user to remove or dismantle the above-ground buildings,
fixtures and their affiliated facilities to restore the leveled ground on the assigned land.

 

Chapter
VI Force Majeure

 

Article
28 Either of the parties shall exempt from responsibility in case when force majeure occurs, all or part of this contract cannot
be implemented. But the concerned party shall take any necessary remedial measures to reduce the losses caused by the force majeure.
The concerned party shall not be exempted from responsibilities when force majeure occurs during delay of performance.

 

Article
29 When force majeure occurs, the prevented party shall notify the other party in written form by mail, cable or fax within 7
days to provide the detailed information of the events, and within 15 days after the occurrence of force majeure, a valid document
for evidence shall be provided to the other party to explain its inability to implement or delay the execution of all or part
of this contract.

 

Chapter
VII Liabilities for Breach of the Contract

 

Article
30 The Assignee shall pay in due time the assignment charge of the state-owned construction land use right according to the terms
of this contract. In case the Assignee fails to pay on schedule the assignment charge of the state-owned construction land use
right, the daily penalty to the Assignee is to pay to the Assignor  1     ‰ of the deferred
payment starting from the first day after exceeding the time limit. In case the Assignee fails to pay the assignment charge of
the state-owned construction land use right after 60 days, and neglects the Assignor’s urges for payment, the Assignor has
the right to terminate this contract, and the Assignee has no right to request the Assignor to refund the advance deposit. The
Assignor may claim damages to the Assignee.

 

Article
31 In case the Assignee terminates its investment and construction on the assigned land for any reason whatsoever attributable
to the Assignee, and proposes to the Assignor to request to terminate the contract and return back the assigned land, the Assignor
shall report for approval to the people’s government which approves the land right use assignment plan. After approval,
the Assignor shall, according to the following agreements, refund all or part of the assignment charge of the state-owned construction
land use right (without interest) except for the advance deposit determined in this contract, and withdraw the state-owned construction
land use right. All the established buildings, fixtures and their affiliated facilities within the boundaries of the assigned
land shall not be compensated while the Assignor may request the Assignee to remove or dismantle the established buildings, fixtures
and their affiliated facilities to restore the leveled ground. But in case the Assignor is willing to take advantage of the established
buildings, fixtures and their affiliated facilities within the boundaries of the assigned land, the Assignor shall make reasonable
compensation to the Assignee:

 

    	 	13	 

     

    

 

1.
Where the Assignee makes an application to the Assignor not less than 60 days before one year expires after the commencement date
of construction determined in this contract, the Assignor shall refund all the paid assignment charge of the state-owned construction
land use right except for the advance deposit.

 

2.
Where the Assignee makes an application to the Assignor not less than 60 days before the first expires but the second year doesn’t
expire after the commencement date of construction determined in this contract, the Assignor shall refund the reminder of the
assignment charge of the state-owned construction land use right after the advance deposit and the charges for idle land are deducted
in accordance with regulations.

 

Article
32 The assigned land is left unused for more than one year but less than two years for any reason whatsoever attributable to the
Assignee, the Assignee shall pay the charge for idle land in accordance with laws. In case the construction on the assigned land
doesn’t commence, resulting in the land left unused, for more than two years, the Assignor has the right to take back the
state-owned construction land use right without compensation.

 

Article
33 In case the assignee fail to commence the construction on the date in accordance with this contract or the other date
agreed for extension of commencement of the construction, should pay the penalty, for each delay day, which is equal to the 0.3%
of the total price of State-owned construction land transfer and the assignor is entitle to request
the assignee make further performance of contract liability; 

 

In
case the assignee fail to complete the construction on the date in accordance with this contract or the other date agreed for
extension of acceptance of the construction, should pay the penalty, for each delay day, which is equal to the 0.3‰
of the total price of State-owned construction land transfer.

 

Article
34 In case of failure of total investment in fixed assets, investment intensity and total investing amount to meet the standard
hereof, the assignor can require the assignee pay, at the rate in accordance with the actual difference in the agreed total investment
and the target of invested intensity, the breach penalty which is equal to the same proportion amount of State-owned construction
land transfer and the assignor is entitle to request the assignee make further performance of contract liability.

 

Article
35 In case any index of building volume rate, building density and other relating to the said land hereunder is lower than the
minimum standard herein, the assignor can, in accordance with the proportion of actual difference to the agreed minimum standard,
require the assignee pay the breach penalty as the same proportion of amount of State-owned construction land transfer and the
assignor is entitle to request the assignee make further performance of contract liability. Where and if the any index such as
building volume, building density and others is higher than the highest standard, the assignor is entitle to withdrawal the proportion
which higher than the highest standard, and require the assignee, in accordance with the proportion of actual difference to the
agreed minimum standard, pay the breach penalty as the same proportion of amount of State-owned construction land transfer.

 

    	 	14	 

     

    

 

Article
36 In case any of index such as the green land rate, proportion of the enterprise administration and the life serving of the industry
item and construction areas of he enterprise administration and the life serving and other, the consignee shall pay the breach
penalty be equal to _200___% of the price of assigned land and removal of the greening and construction facilities by itself.

 

Article
37 The assignor should, upon the payment of the State-owned land use right have been effected by the assignee hereunder, deliver
the assigned land on schedule agreed herein. Where the extension of occupation of such land due to the failure of deferred delivery
by the schedule, the assignor should pay the breach penalty of ___1__% , per each day, of the price for the State-owned land use
right to the assignee and the term of land use-year shall be commencement from actual delivery. In case of the extension of delivery
exceed 60 (sixty) days and the failure to do so upon the urge of the assignee, which is, entitle to rescind this contract. The
assignor should make the refund of double the deposit and the other parts of the price of assigned State-own land use paid by
the assignee by which the damages could be claimed.

 

Article
38 In case of the failure of land’s delivery in schedule or of satisfaction of the conditions agreed herein, or alteration
of the condition of use in unilateralism, the assignee shall have the rights and authority to require the assignor to fulfill
its performance of responsibilities hereunder and indemnify the direct damages resulting the delay of the performance. The term
of land use-year shall be commencement from the day on which the satisfaction of agreed conditions.

 

Chapter VIII
Applicable Laws and Disputes Settlement

 

Article
39 The formation, validity, interpretation, performance of settlement of disputes shall be governed by the laws of People's Republic
of China.

 

Article
40 Any dispute arising from the performance of this contract shall be resolved through consultation by the parties hereto, in
case of failure of negotiation, any dispute shall be resolved pursuant to Item __1__ hereof.

 

		1.	Submitted
                                         to Yantai Municipal People's Government Arbitration Committee for arbitration;

 

	 	2.	Submitted to People’s Court for litigation.

 

Chapter IX Supplementary
Provisions

 

Article
41 The scheme of the transferring land have been proved by the People’s Government of_______Yantai________. This
contract shall be take effect from the date of signature of the parties hereto.

 

    	 	15	 

     

    

 

Article
42 The parties hereto hereby guarantee that the contents such as name, mail address, phone number, facsimile, bank account and
agent and so on are in authenticity and full force and effect, in case of any change of each party, shall give, within 15 days
from the change, the notice in writing to other party, otherwise the responsibilities to fail to inform shall be born by the party
with changing information.

 

Article
43 This contract is written in Chinese and English, total pages hereof include this contract and annex are____14_____. In case
any divergency or variance in interpretation, the Chinese version shall be prevail.

 

Article
44 The price, sum and acreage and other items herein should be written in word and number which should be accordant, otherwise
the word shall be prevail.

 

Article
45 the items without being stipulated herein could be made in the annex hereto and with same legal force.

 

Article
46 This contract is made in__4__copies, the assignor and assignee shall hold copies respectively with same legal force.

 

	The Assignor (Seal):	The
    Assignee ( Seal):
	Yantai
    Land and Resources Bureau	Yantai
    Aotesai Energy Co. Ltd.

 

The
Legal Representative ( The Agency) The Legal Representative ( The Agency):

	(
Signature ): /s/ Zaifan Lv	(
    Signature ): /s/ Xiucheng Liu   

 

 

	 	The
date of 3/10/2008

 

 

16

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