0001214659-10-002346 Sample Contracts

Trust Agreement (English Translation)
Trust Agreement • September 1st, 2010 • China North East Petroleum Holdings LTD • Crude petroleum & natural gas

Address: Comprehensive office at Zhanjiang Road, Qingnian Avenue, Economic and Technological Development Zone, Songyuan City, Jilin Province.

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Equity Transfer Agreement (English Translation)
Equity Transfer Agreement • September 1st, 2010 • China North East Petroleum Holdings LTD • Crude petroleum & natural gas

As a result of mutual consultation, Ai Chang Shan agrees to transfer registered capital in the amount of RMB 100,000 representing 10% of the total registered capital of Chang Ling 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.

Equity Transfer Agreement (English Translation)
Equity Transfer Agreement • September 1st, 2010 • China North East Petroleum Holdings LTD • Crude petroleum & natural gas

As a result of mutual consultation, Wang Bing Wu agrees to transfer registered capital in the amount of RMB 1,668,000 representing 10% of the total registered capital of Song Yuan Yu 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.

Equity Transfer Agreement (English Translation)
Equity Transfer Agreement • September 1st, 2010 • China North East Petroleum Holdings LTD • Crude petroleum & natural gas

In accordance with the applicable laws of the Company’s bylaws: “Any stockholder transferring his registered capital contribution shall provide the other stockholders the right of first refusal.” As a result of mutual consultation, stockholder Wang Hong Jun agrees to transfer his share of the registered capital in the amount of RMB 490,000 of Song Yuan North East Petroleum Technical Service Co., Ltd. to Ju Gui Zhi. Following the transfer, Transferee shall enjoy the rights and obligations in proportion to the equity interest received by the Transferee.

Trust Agreement (English Translation)
Trust Agreement • September 1st, 2010 • China North East Petroleum Holdings LTD • Crude petroleum & natural gas

Pursuant to the related rules and regulations of “General Principles of The Civil Law of the People’s Republic of China” and “Trust Law of the People's Republic of China,” the Beneficiary and the Trustee hereby agree as follows:

Equity Transfer Agreement (English Translation)
Equity Transfer Agreement • September 1st, 2010 • China North East Petroleum Holdings LTD • Crude petroleum & natural gas

As a result of mutual consultation, Sun Peng agrees to transfer registered capital in the amount of RMB 100,000 representing 10% of the total registered capital of Chang Ling 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.

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