Notice of Winning Bid for Fracture Proppant Supply between Zhengzhou Duesail Fracture Proppant Co., Ltd. and Liaohe Oilfield Changqing Project Department
Zhengzhou Duesail Fracture Proppant Co., Ltd. has been awarded a contract by the Changqing Project Department of Liaohe Oilfield to supply 10,000 tons of fracture proppants at RMB 2,060 per ton. Deliveries will be made to a warehouse in Inner Mongolia from July 2009 through December 30, 2009. Payment will be settled monthly, contingent on the goods passing inspection. This agreement outlines the supply terms, delivery schedule, and payment conditions for the contract period.
Exhibit 10.1
Notice of Winning Bid
(English Translation)
Zhengzhou Duesail Fracture Proppant Co., Ltd.:
Your company has won a tender for fracture proppants with the Changqing Project Department of Liaohe Oilfield. The amount is 10,000 ton at the price of RMB 2,060 per ton (Price at arrival). Delivery address: Wulantaolegai warehouse, Wushen Qi, Inner Mongolia. The supply starts from July 2009 to December 30, 2009. Settlement: Settlement will be made every one month provided the goods are accepted as qualified after inspection.
Liaohe Oilfield, Changqing Project Department
July 6, 2009
