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CONTRACT

Contract No.:DH2002-GPA254-0202-NO

DATE: May 22, 2007

The Buyers: Evergreen industries group

Address: 69 Jiang Nan Road, Ningbo, Zhejiang, People’s Republic of China

Post Code: 315040

Fax No: 86 0574 8778 7509 Telephone No: 86 0574 8778 7510

The Buyers: Zhejiang Shipbuilding Co., Ltd.

Address: 69Jiang Nan Road, Ningbo, Zhejiang, People’s Republic of China

Post Code: 315040

Fax No: 0086 574 8777 8673 Telephone No: 0086 574 8779 2384

The Sellers: Ing. Per- Gjerdrum A/S

Address: P.O. Box 154 N-1395 Hvalstad, Norway

Fax No: 47 66 77 56 01 Telephone No: 47 66 77 56 00

This 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:

1. Name of the goods and its specification, quantity, unit, price and total value:

2. Country of Origin and Manufacturer: Norway/ Ing.Per-Gjerdrum A/S

3. Time of Shipment: Before Nov 20st, 2009

4. Place of Shipment: Main European Port

5. Place of Destination: Ningbo Seaport, China

6. 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.: DH2002

Contract No.: DH2002-GPA254-0202-No

Zhejiang Shipbuilding Co., Ltd.

7. Packing

To 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,

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