TRANSLATED FROM THE ORIGINAL MANDARIN Oil Resource Exploration and Development Contract Jianyuan Contract [2010] No.01 Party A: Sunite Right Banner Jianyuan Mining Co. Ltd Party B: Sunite Right Banner Shengyuan Oil and Gas Technology Development Co.,...Oil Resource Exploration and Development Contract • August 10th, 2011 • China North East Petroleum Holdings LTD • Crude petroleum & natural gas
This Contract arises from the Joint Exploration and Development of Oil Resources Contract (Jianyuan contract [2009] [**]) between Sunite Right Banner Jianyuan Mining Co. Ltd. and Sunite Right Banner Shengyuan Trading Co. Ltd. dated July 18, 2009. Sunite Right Banner Shengyuan Trading Company changed its name to Sunite Right Banner Shengyuan Oil and Gas Technology Development Co., Ltd., to undertake the rights and obligations under the original contract. Other than the change in the name of Party B, the name of the Contact person and the date of the Agreement, all of the terms of the original agreement remain the same and the original agreement is hereby terminated.
