0001214659-06-001534 Sample Contracts

The Joint Venture contract of Song Yuan North East Petroleum Technical Service Co., Ltd
China North East Petroleum Holdings LTD • July 28th, 2006 • Crude petroleum & natural gas

The contract is hereto concluded through mutual understanding between the shareholders of [China] Song Yuan North East Petroleum Technical Service Co., Ltd Ms. Ju GuiZhi, Mr. Wang Hongjun and [US] China North East Petroleum Holdings Limited in line with the “temporary provisions to the merges of domestic enterprises by foreign investor “ and other relevant laws, regulations, equal and mutually beneficial principle, agree to invest USD 1 million to set up the joint venture in Songyuan City Jilin Province of the People’s Republic of China.

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