Purchase Agreement Between Southwest Oil Gas Company of SINOPEC and Jining ENI Energy Technology Co., Ltd.
Southwest Oil Gas Company of SINOPEC and Jining ENI Energy Technology Co., Ltd. entered into a purchase agreement on December 17, 2008, in Urumchi. The agreement covers the sale of a rotate acid-rock testing system, a second-hand IBM R400 laptop, and an HP1215 laser printer for a total price of RMB 2,199,600 (including tax). Although ENI has not yet received full payment or issued an invoice, it has recognized the income for 2008.
Exhibit 10.49
Summary Translation of Purchase Agreement
Buyer: Southwest Oil Gas Company of SINOPEC
Supplier: Jining ENI Energy Technology Co., Ltd.
Contract Number: GX2008-710
Signing place: Urumchi
Signing date: 17th December, 2008
Total sum: RMB1,880,000 (tax not included), with tax: RMB2,199,600
Product: Rotate acid-rock testing system , one second hand IBMR400laptop, laser printer HP1215
ENI has not yet collected full payment or issued an invoice but has recognized this amount as income for 2008.
