[UNOFFICIALENGLISH TRANSLATION SOLELY FOR REFERENCE] YanchangPetroleum (Group) Corp. Ltd. FinishedOil Products Sales Contract

[UNOFFICIAL ENGLISH TRANSLATION SOLELY FOR REFERENCE]

 

Finished Oil Products Sales Contract

Contract No.:2009-12-23        

Supplier: Yanchang Petroleum (Group) Corp. Ltd.

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

1.

Name, quantity and price of the products:

2.

Technical Benchmark:

Gasoline: GB17930-2006

Diesel: GB252-2000

3.

Location of delivery, method of transportation and related fees and expenses:

a.

Location: subsidiary refinery of Yanchang Petroleum (Group) Corp. Ltd.

4.

Payment method

The payment for the products shall be received before the delivery of the products. The related financial procedure shall be cleared in the same day; value added tax receipt shall be issued at the middle and the end of the month.

5.

Other covenants:

a. Parties shall balance the supply and purchase quantity in accordance with the contract; the balancing period is half month. If the Supplier cannot supply the contracted quantity for special reasons such as halt of production or equipment examination, it shall notify Purchaser three days in advance. Purchaser shall pay a deposit amount of RMB 10/Ton; if the Purchaser cannot complete the contracted quantity for special reasons, it shall notify the Supplier in advance.

b. The resolution of the contract related dispute:

The parties shall negotiate to resolve the issues not covered by this contract. Parties may file a lawsuit to the court at the location of the contract to resolve any dispute.

c. There shall be two copies of the contract; each party shall hold one copy.

Location of the contract: Sales branch of Yanchang Petroleum Group

Valid period: 1 year