2024年5月18日发(作者：驱动精灵最新版本)

The Agreement on Transfer of Creditor’s Rights

Transferor: MASA AG (hereinafter referred to as Party A)

Transferee: MASA TJ (hereinafter referred to as Party B)

Whereas,

1. Beijing Qiangnite New Building Materials Co., Ltd (hereinafter referred to as QNT)

purchased a set of plant from Party A in 2003. As of November 30, 2006, QNT was

unable to pay the full price to Party A. Party A filed an application with China

International Economic and Trade Arbitration Commission in December 2006, and

has obtained the arbitration award in 2007. Based on the award decision, QNT

shall pay Party A the purchase price yuan, interest yuan, the cost of arbitration

yuan;

2. Beijing First Intermediate People's Court accepted the Party A's application for

enforcement of the said Award in November 2007. Party A received yuan paid

by QNT in 2008 during the process of enforcement, and the remaining is not paid.

3. Party B agrees to accept the transfer of Party A’s rights and recourses the debt to

QNT as the applicant of enforcement in order to facilitate and promote the progress of

the case.

The Two Parties, after friendly negotiation, agree to transfer of the creditor’s rights as

follows.

Article 1 Transfer of the creditor’s rights

1. Party A agreed to transfer all of its creditor’s rights owed by QNT to Party B

pursuant to the terms and conditions of this Agreement, and Party B agrees to accept

the transfer under this agreement.

2. The amounts of creditor’s right transferred from Party A to Party B are as follows:

1) Payment for goods ;

2) Pursuant to the arbitration award, QNT shall pay all the interest (calculated to

October 30, 2008 the total amount of interest yuan);

3) Arbitration fees .

As of October 30, 2008, the total amount of the claim is yuan.

Article 2 Consideration for transfer and the payment

Party B accepts the transfer in consideration of yuan which should be paid

before date

Article 3 Party A’s rights and obligations

1. Party A must fully cooperate with the Beijing First Intermediate People's Court to

change the applicant to Party B and the related matters;

2. In accordance with the needs of Party B’s enforcement, Party A shall provide

technical, personnel support to Party B;

3. If Party B decides to purchase the production line to set off the debt, Party A agrees

that Party A shall pay the difference between the reservation price of second auction