Share Exchange Agreement
Exhibit 10.10
Transferor (Party A): Wenzhou Xibolun Fluid Equipment Factory
Transferee (Party B): Anyuan Sun
According to the resolution of the shareholders’ meeting of Wenzhou Xibolun Fluid Equipment Co., Limited on March 8, 2006, Party A and Party B agreed to reach following share exchange agreement on March 8, 2006.
| 1. | Party A voluntarily transfers 60% of shares in Wenzhou Xibolun Fluid Equipment Co., Limited, Ltd. in value of RMB 600,000 to Party B. |
| 2. | The consideration of share transfer will be delivered out of book within 30 days after the approval of the industry and commerce bureau. |
| 3. | After the share transfer, Party A will no long possess any right and obligation regarding Wenzhou Xibolun Fluid Equipment Co., Limited which will be possessed by Party B. |
| 4. | Dispute resolution: Any dispute shall be resolved by the court. |
| 5. | This agreement is effective after both parties sign it. It has 4 originals, with Party A and Party B each holding one copy, the industry and commerce bureau holding one copy, and Wenzhou Xibolun Fluid Equipment Co., Limited holding one copy for record. |
Party A: /s/ Wenzhou Xibolun Fluid Equipment Factory
Party B: /s/ Anyuan Sun
2006-3-8
