Sales Contract Between Bazhou Zhongyuan Petroleum Exploration Bureau Project Construction Corporation and Jining ENI Energy Technology Co., Ltd. for Valves
This contract is between the West Site Department of Bazhou, Zhongyuan Petroleum Exploration Bureau Project Construction Corporation (the Buyer) and Jining ENI Energy Technology Co., Ltd. (the Seller). The Seller agreed to supply valves to the Buyer for a total price of RMB 1,577,842.50. The valves were delivered in two shipments in July and August 2008. The Buyer has paid RMB 300,000, with a remaining balance of RMB 1,277,842.50 still owed to the Seller.
Exhibit 10.39
Summary of Translation of the
Sales Contract, by and between the West Site Department of Bazhou, Zhongyuan
Petroleum Exploration Bureau Project Construction Corporation (“BUYER”) and Jining
ENI Energy Technology Co., Ltd. (“SELLER”)
On May 14, 2008, the Seller executed a Sales Contract with the Buyer whereby the Seller agreed to sell and the Buyer agreed to buy a quantity of valves for the price of RMB 1,577,842.50. The Seller delivered the valves in two installments, first on July 12, 2008 and second on August 10, 2008. The Seller has received payment in the amount of RMB 300,000, leaving an outstanding balance of RMB 1,277,842.50.
