Common use of Value Increase or Decrease Clause in Contracts

Value Increase or Decrease. In accordance with the stipulations set forth in Article 4 (3) of the Assets Purchase Agreement, if, from the Base Appraisal Date to the Effective Date of the Transfer, the value of the transferred assets increases or decreases as a result of the constant business operation of Party A, Party A shall take possession of the increased value or make up for the decreased value. According to the Balance Sheet of Haize Nanomaterials by the date of December 31, 2004 (see Attachment 1), Party A and Party B confirm irrevocably that, during the period from the Base Appraisal Date to the Effective Date of the Transfer, all the added value of the transferred assets resulting from the constant producing and operating activities of Party A amounts to RMB six million six hundred and sixty-seven thousand six hundred and ninety point eight seven (6,667,690.87) (hereinafter referred to as "the Added Value"). The above added value shall be paid to Party A by Haize Nanomaterials before June 30, 2006.

Value Increase or Decrease. In accordance with the stipulations set forth in Article 4 (3) of the Assets Purchase Agreement, if, from the Base Appraisal Date to the Effective Date of the Transfer, the value of the transferred assets increases or decreases as a result of the constant business operation of Party A, Party A shall take possession of the increased value or make up for the decreased value. According to the Balance Sheet of Haize Nanomaterials Bangsheng Chemical by the date of December 31, 2004 (see Attachment 1), Party A and Party B confirm irrevocably that, during the period from the Base Appraisal Date to the Effective Date of the Transfer, all the added value of the transferred assets resulting from the constant producing production and operating operation activities of Party A amounts to RMB six million six seventeen million, five hundred and sixtythirty-seven thousand six one thousand, one hundred and ninety thirteen point eight seven nine five (6,667,690.8717,531,113.95) (hereinafter referred to as "the Added Value"). The above added value shall be paid to Party A by Haize Nanomaterials Bangsheng Chemical before June 30, 2006.