Gas Pipeline Project Agreement between Dashiqiao Gas Management Office and Tianjin SingOcean

Summary

Dashiqiao Gas Management Office (Part A) and Tianjin SingOcean (Part B) have entered into an agreement for the construction and operation of gas pipeline facilities. Part B is responsible for building the pipelines according to national regulations and supplying standard natural gas, while Part A will assist with government approvals, provide utilities and construction sites, and pay a connection fee after completion. Both parties have specific obligations regarding maintenance, safety, and notification of disruptions. Ownership of the gas station and pipelines remains with Part B.

EX-10.5 17 v108798_ex10-5.htm
EXHIBIT 10.5
(English Translation)

Gas pipeline project agreement

Part A: Dashiqiao Gas Management Office
Part B: Tianjin SingOcean
 
The duty of Part A:
 
1.  
According to Part A’s agreement, Part B can do the construction of gas pipeline facilities.
   
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 community, 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 gas station, pipeline and facilities.

Each of the parties shall retain two original.