Subject: ????BHR - ???????/Written Board Resolution
From: "YU, Felix" <[email-masked]>
To: "'Jason Zhu'" <[email-masked]>, <[email-masked]>, <[email-masked]>, "'Bulger Jim'" <[email-masked]>, <[email-masked]>, <[email-masked]>, <[email-masked]>, <[email-masked]>, "'Xue Ming'" <[email-masked]>, "'zhoubing'" <[email-masked]>,'丰实lindsay' <[email-masked]>,'蒋明[Jiang Ming]' <[email-masked]>,'徐建新' <[email-masked]>
Cc: "'Amy'" <[email-masked]>, "'Hua Zixiang'" <[email-masked]>, "'Leonard Mike'" <[email-masked]>, "'Li Xinzhong'" <[email-masked]>, "'liu Jiayi'" <[email-masked]>, "'Michael Lin'" <[email-masked]>, <[email-masked]>, "'Sebastian Momtazi'" <[email-masked]>, "'zhaoting'" <[email-masked]>,'孙晶晶' <[email-masked]>,'杨帆[Stella Yang]' <[email-masked]>,'夏雨（Yu XIA）' <[email-masked]>
Date: Mon, 20 Oct 2014 17:00:00 +0800

尊敬的各位董事及其他相关人员：

Dear board members et al, 

如管理层在9月25日董事会上汇报，为中石化项目之目的，公司需出资人民币500万元（适用法律规定的GP最低出资额，将通过收取的管理费支付）作为GP设立专项基金，现提请各位董事审议所附决议；如无意见，烦请尽快先行邮件回复确认，之后签署一式八份，快递至如下地址：

As reported by the management on the board meeting of September 25, the Company will, as GP, contribute RMB5m (the minimal capital commitment for GP required by applicable law and will be paid by using management fee charged) to set up a fund for the Sinopect deal.  The resolution as attached is therefore presented to you for deliberation; if you are fine with it, please confirm first by reply email and then signing 8 copies and delivering the same to the following address:

北京市朝阳区建国路79号华贸中心写字楼2座3101室余飞强收，邮编：100025

Unit 3101, Tower 2, China Central Place, 79 Jianguo Road, Chaoyang District, Beijing 100025, China for Felix Yu’s attention

如有任何疑问，随时联系我们。

If you have any questions feel free to reach out to us.

祝好！

Kind regards,

Felix 

Counsel

-

BHR Capital

Unit 3101, 31/F, Tower 2, China Central Place, 79 Jianguo Road 

Chaoyang District, Beijing 100025, P. R. China 

T: +86 10 5969 5858

F: +86 10 5969 6123

M: +86 1582 250 0979