Gas Pipeline Project Agreement between Hunchun Real Estate Bureau and Hunchun SingOcean

Summary

This agreement is between the Hunchun Real Estate Bureau and Hunchun SingOcean for the construction and operation of gas pipeline facilities. Hunchun Real Estate Bureau will assist with government approvals, provide construction schedules, utilities, and the site, and pay a connection fee after completion. Hunchun SingOcean will build and operate the pipeline according to national standards, supply natural gas, and maintain the system. Both parties have specific responsibilities for safety, maintenance, and communication in case of disruptions. Ownership of the pipeline and facilities remains with Hunchun SingOcean.

EX-10.4 16 v108798_ex10-4.htm

EXHIBIT 10.4

(English Translation)

Gas pipeline project agreement

Part A: Hunchun Real Estate Bureau

Part B: Hunchun SingOcean

The duty of Part A:

1.	Under Part A’s agreement, Part B can do the construction of gas pipeline facilities according to National regulations of gas pipeline.

2.	Part A shall help Part B to get all approves of local government.

3.	Part A shall provide Part B all the building-schedule of residence apartments, public projects.

4.	Part A provides the water, electricity for project; Part B assumes the expense.

5.	Part A provides Part B the construction site, and solves the possible disputes.

6.	Part A is responsible for maintenance and safety of its pipeline, in the events of accidents caused by Part A, Part A assumes the loss.

7.	Part A can not change the locations of any pipelines and facilities without Part B’s agreement.

8.	In the events of any other projects disturbing the Part B, Part A shall notice Part B 10 days ahead.

9.	After project finished, Part A shall pay the connection fee (RMB2600/Household) to Part B.

The duty of Part B:

1.	Part B will do the project according to the National regulations of Gas Pipeline.

2.	Part B assures provide Part A the national standard natural gas, the heat and pressure of pipeline. Keeping Part A’s equipment running normally.

3.	In the events of Part B stops provide gas to Part A because of equipment accidents or temporary maintenance, Part B shall notice Part A immediately. Part A shall take all the necessary measures to minimize the loss.

4.	In the events of stopping gas providing caused by Part B’s fault, Part B assumes the loss of Part A according to Contract.

5.	Part B owns the property right of pipeline and facilities.

Each of the parties shall retain two original.