Equity Transfer Agreement (English Translation)
Exhibit 10.21
(English Translation)
Parties:
Transferor: | Xxxx Xxxx Wu |
Transferee: | Wang Hong Jun |
As a result of mutual consultation, Xxxx Xxxx Wu agrees to transfer registered capital in the amount of RMB 1,668,000 representing 10% of the total registered capital of Song Xxxx Xx Qiao Oil & Gas Development Co., Ltd. to Wang Hong Jun. Following the transfer, Transferee shall enjoy the rights and obligations in proportion to the equity interest received by the Transferee.
Transferor: /s/ Xxxx Xxxx Wu
Transferee: /s/ Wang Hong Jun
April 7, 2008