0001213900-08-000704 Sample Contracts

EARN-IN AGREEMENT
Earn-in Agreement • April 16th, 2008 • China Valves Technology, Inc • Household audio & video equipment • Nevada

This EARN-IN AGREEMENT (this “Agreement”) is made and entered into as of April 10, 2008 (the “Effective Date”), between Fang Siping, a resident of the People’s Republic of China (the “Purchaser”) and Li Bin, a resident of the United States (the “Seller”). The Purchaser and the Seller are also referred to herein together as the “Parties” and individually as a “Party”.

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COMMON STOCK PURCHASE AGREEMENT
Common Stock Purchase Agreement • April 16th, 2008 • China Valves Technology, Inc • Household audio & video equipment • Nevada

THIS COMMON STOCK PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of the tenth day of April, 2008, by and between Fang Siping (the “Seller”), a record or beneficial owner of shares of capital stock of China Valves Technology, Inc. (formerly, Intercontinental Resources, Inc.), a Nevada corporation (the “Company”), and Li Bin (the “Buyer”).

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