【正文】 Article 18The Board of Directors shall convene at least one meeting every year. The meeting shall be called and presided over by the chairperson of the Board. The chairperson may convene an interim meeting based on a proposal made by more than one third of the total number of directors.Article 19The Board meeting (including interim meeting) shall not be held without the attendance of more than two thirds of directors. Each director has one vote.Article 20In case a director cannot attend the Board meeting, he/she should issue a letter of attorney entrusting other person to attend the Board meeting and vote on his/her behalf. Should he/she not attend or entrust other person to attend the Board meeting in due course, he/she shall be deemed to waive his/her right.Article 21Unanimous approval of all the directors present to the Board meeting shall be required for any decisions concerning the following issues:1. modification of the Articles of Association of the Company。 the registered capital is ______________.Article 11The contribution methods of the Company are, cash _____________________。Logistics Park, Xi’an, China.Article 4Chairman of the Board is the legal representative, perform his or her duties ply with the stipulations of the Chinese laws, decrees and relevant regulations.Article 5The Company is Chinese legal person, its activities is under the governance of Chinese laws and regulations. All the legitimate rights and interests of the pany is under the guarantee and protection of Chinese law. The pany form is Co., Ltd. The responsibility of the investor is limited to the registered capital of the pany. Company is responsible for the debts by all its assets.After being agreed by China relevant departments, pany can set up branches or subsidiaries on domestic or abroad. Chapter 2 Objectives， Scope and Scale of Production and BusinessArticle 6The objective of the Company is to strengthen economic cooperation and technological exchange, also promote the development of Chinese national economy and ensure satisfactory economic benefits for the investing party.Article 7The business scope of the Company is Drilling equipment and accessories sales, labor services, drilling engineering, petroleum technology consulting and services (above the range are free from state laws and regulations and restrictions prohibit operating the project, involving licensing qualification, with operating permits)Chapter 3 Total Investment Amount and the Registered CapitalArticle 8The amount of total investment of the Company is USD90,000,000。 Articles of Association for Zhongbao Energy Resources Service CompanyCatalogueChapter 1 General ProvisionsChapter 2 Objectives， Scope and Scale of Production and BusinessChapter 3 Total Investment Amount and the Registered CapitalChapter 4 InvestorsChapter 5 Board of DirectorsChapter 6 SupervisorsChapter 7 Business Management OfficeChapter 8 Labor ManagementChapter 9 Trade UnionChapter 10 Taxation and Finance Chapter 11 Exchange ManagementChapter 12 Distribution of ProfitsChapter 13 Duration and TerminationChapter 14 InsuranceChapter 15 Supplementary ProvisionsChapter 1 General ProvisionsArticle 1In accordance with Law of the People39。s Republic of China on ForeignCapital Enterprises ,Company Law of the PRC and other relevant Chinese laws and regulations, __Treasure China Investment Limited intends to set up Zhongbao Energy Resources Service Co. Ltd. (hereinafter referred to as the Company), an exclusively foreignowned enterprise. For this purpose, these Articles of Association hereunder are worked out.Article 2The investing party is a legal person registered with Hong Kong in accordance with the laws of Hong Kong. Basic information as follows:The legal name of the investing party is Treasure China Investment Limited.Its legal representative: Name Nationality The legal address of the Company is at Rooms 10014A, Champion Building, 287291 Des Voeux Road Central, Hong Kong.Tel:Fax:Article 3The name of the Company in Chinese is 中寶能源設(shè)備服務(wù)有限公司 The name of the Company in English is Zhongbao Energy Resources Service Company.The legal address of the Company is at 6,Gangwu Avenue, Xi’an International Trade amp。 the registered capital is USD50,000,000. The registered capital is paid in _____ installments. Within three months upon the issuance of business license, _____ of the first installment shall be paid, and the rest part shall be paid off in two years.The difference between the total amount of investment and the registered capital can obtain from bank loans or shareholder loans.Article 9The proportion for export of the Company is _________. The Board of Directors or the corporate management with authorization from the Board of Directors can decide at its own discretion on domestic or overseas sale of the products of the Company.Chapter 3 Total Investment Amount and the Registered CapitalArticle 10The amount of total investment of the Company is ______________。kind equivalent of ___________.Article 12The investing party shall contribute the registered capital with the following method: (Note: choose one of them)1. Paying off all the capital within six months upon the is