Equity Transfer Agreement (English Translation)
Exhibit 10.20
(English Translation)
Parties:
| Transferor: | Xxx Xxxx (Personal Identification #220702760208141) |
| Transferee: | Song Yuan North East Petroleum Technical Services Co., Ltd. |
As a result of mutual consultation, Xxx Xxxx agrees to transfer registered capital in the amount of RMB 100,000 representing 10% of the total registered capital of Xxxxx Xxxx Long De Oil & Gas Development Co., Ltd. to Song Yuan North East Petroleum Technical Services Co., Ltd. Following the transfer, Transferee shall enjoy the rights and obligations in proportion to the equity interest received by the Transferee.
Transferor: /s/ Xxx Xxxx
Transferee: /s/ Wang Hong Jun
Xxxxx Xxxx Long De Oil & Gas Development Co., Ltd.
March 17, 2008
