Contract
Exhibit 10.36
[UNOFFICIAL
ENGLISH TRANSLATION SOLELY FOR REFERENCE]
Yanchang
Petroleum (Group) Corp. Ltd.
Contract
No.:20081223
Supplier:
Yanchang Petroleum (Group) Corp. Ltd.
Purchaser:
Xi’an City Baorun Industrial Development Co., Ltd.
The
parties reach the following agreements on 2009 oil product purchase through
friendly negotiation.
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1.
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Name,
quantity and price of the products:
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Name
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Quantity
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Price (Yuan/Ton)
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Gasoline
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100,000
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Supplier-determined
price
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Diesel
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80,000
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Supplier-determined
price
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2.
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Technical
Benchmark:
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Gasoline:
GB17930-1999
Diesel:
GB252-2000
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3.
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Location
of delivery, method of transportation and related fees and
expenses:
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a.
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Location:
subsidiary refinery of Yanchang Petroleum (Group) Corp.
Ltd.
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b.
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Method
of transportation: Methods of transportation are by road or
railway.
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4.
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Payment
method
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The
payment for the products shall be received before the delivery of the products.
Value added tax receipt shall be issued at the middle and the end of the
month.
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5.
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Other
covenants:
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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 three days
in advance. If the Purchaser cannot complete the contracted quantity without any
special reason, it shall pay a fine of RMB 10/Ton for the uncompleted
amount.
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.
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Supplier
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Purchaser
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Name
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Yanchang
Petroleum (Group) Corp. Ltd.
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Xi’an
City Baorun Industrial Development Co., Ltd.
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Legal
Representative (Entrusted Person)
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Xxxxx
Xxx
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Xxxxxxx
Xx
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Tel
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029-883011132
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029-00000000
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Bank
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China
Construction Bank, Gao Yi Branch
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China
Guangda Bank, Dongjiao Branch
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Location
of the contract: Sales branch of Yanchang Petroleum Group
Valid
period: 1 year
