CONTRACTContract No.:DH2002-GPA254-0202-NODA TE: May 22, 2007The Buyers: Evergreen industries groupAddress: 69 Jiang Nan Road, Ningbo, Zhejiang, People’s Republic of ChinaPost Code: 315040Fax No: 86 0574 8778 7509 Telephone No: 86 0574 8778 7510The Buyers: Zhejiang Shipbuilding Co., Ltd.Address: 69Jiang Nan Road, Ningbo, Zhejiang, People’s Republic of ChinaPost Code: 315040Fax No: 0086 574 8777 8673 Telephone No: 0086 574 8779 2384The Sellers: Ing. Per- Gjerdrum A/SAddress: P.O. Box 154 N-1395 Hvalstad, NorwayFax No: 47 66 77 56 01 Telephone No: 47 66 77 56 00This contract is made by and between the Buyers and the Sellers, whereby the Buyers agree to buy and the Sellers agree to sell the under mentioned commodity according to the terms and conditions stipulated below:2. Country of Origin and Manufacturer: Norway/ Ing.Per-Gjerdrum A/S3. Time of Shipment: Before Nov 20st, 20094. Place of Shipment: Main European Port5. Place of Destination: Ningbo Seaport, China6. Shipping Mark:The sellers shall mark on each packages with fadeless paint the package number, gross weight, net weight, measurements, shipping mark and the words: “keep away from moisture”, “Handle with care”, “This side up”, ect. Or other generally adopted symbols. In the case of dangerous and /or poisonous cargo (es) and the generally adopted symbols shall be marked conspicuously on each package. The shipping mark shall be:Hull No.: DH2002Contract No.: DH2002-GPA254-0202-NoZhejiang Shipbuilding Co., Ltd.7. PackingTo be packed in new sea-worthy strong wooden case(s) or in container or in cartons as per international packing standard, suitable for long distance Sea/ Air freight transportation/parcel post and change of climate, well protected against dampness, moisture, rust, shocks and rough handling,protected for a period of six months from date of shipment.The Sellers shall be liable for any damage of the commodity and expenses occurred on account of improper packing and for any rust attributable to inadequate or improper protective measures taken by the Sellers in regard to the packing, in which case they shall rectify the transport damage and in case of corrosion, reimburse the Buyer for relating expenses incurred up to an amount the Seller would have incurred the remedial action been taken by himself at his premises.It is Buyer’s responsibility to check packing and preservation. In case Buyer becomes aware of damages of packing and preservation or period of preservation has been elapsed he shall inform Seller without undue delay; Otherwise Seller is released from its warranty obligations.With the engine package, the lifting device should be delivered which shall remain property of Seller and be returned DDU Seller’s premises in due time after installation of the engine. Following documents shall be enclosed in each package:Detail packing list in 2 copies issued by the Manufacturers/ Seller indicating the number, content, measurement, net and gross weight of each package.8. Insurance:To be covered by the Sellers for 110% of Delivered Goods Value.9. Payment:As per the attachment 1 of this contract.10. Documents:1) 3 original commercial invoice and 3 copies indicating sold to Evergreen industries group,indication contract number L/C number and shipping mark mad out in details as per the related contract.The sellers should supply an additional set of original commercial invoice to Zhejiang Shipbuilding Co., Ltd.2) Bill of Lading2/3 sets of on board ocean bills of lading in original and copies marked “Freight Prepaid”made out to order, blank endorsed, notifying Consignee, at place of destination specified in the contract.3) 3 sets of packing list in original and 3 sets of copies indicating contract number, name of thecommodity, package number, Net/Gross weight, measurement of packages issued by the sellers/makers.4) Insurance certificate covered all risks and war risks base on 110% of delivered goods valuein three (3) copies.5) Certificate of Quantity issued by the sellers.6) Beneficiary’s certificate certifying that the “IPPC”mark has been stamped on surface ofwood package/crate./pallet by Heat treatment provider with proper reference and authorization of certified National Plant quarantine authorities/protection organization of exporting country of region. The sample of the “IPPC” mark and number shall be showed on this Beneficiary’s certificate.7) Copy of telex/ telefax to the buyers advising the shipment details including the name of thecommodity, gross weight, ETA, ETD, etc. immediately within 3 working days after shipment is made.In addition, the sellers should send the following documents directly to Zhejiang Shipbuilding Co.,Ltd. by express courier as soon as possible after shipment. Should theSellers fail to do so, the Sellers shall bear the penalty for the delay of Chinese Customs’Declaration and Demurrage which the Buyers pay to the Cargo Agency.A) 1 original commercial invoiceB) 1 original of the packing listC) 1/3 sets of on board ocean bills of lading in originalD) Beneficiary’s certificate certifying that the “IPPC” mark has been stamped on surface of wood package/crate/pallet by Heat treatment provider with proper reference and authorization of certified National Plant quarantine authorities/protection organization of exporting country or region. The sample of the “IPPC” mark and number shall be showed on this Beneficiary’s certificate.11. Shipment:CIF TermsThe sellers shall the commodity from the port of shipment within the shipment time for shipment to the port of destination. Transshipment is not allowed. Partial shipment is not allowed. The contracted commodity shall not be carried by a vessel flying the flag of a country which the Buyers cannot accept.12. Inspection and Claims:a. Under the presence of the classification society’s representative Seller will carry out an Acceptance Test Run of the engine on its test bed to verify the data as specified in this Contract. Sellers has to inform Buyer about the date of this Acceptance Test Run twenty days in advance and to provide a corresponding testing program. Buyer is entitled to attend the Acceptance Test Run at his own expense.Seller shall issue a test certificate. To the extent not covered by the test, Manufacturer shall, before making delivery, make a precise and comprehensive inspection of the goods as regards their quantity, quality and weight and issue a Certificate certifying that the goods are in conformity with stipulation of this Contract。