exhibit 10. 9 translation of technology development ( commission ) contract with xinjian sales branch of china national petroleum corporation, ltd. english translation registration no. of the contract no 009, 2008 program name : cash flow management and control information system development and maintenance party a : xinjiang sales branch of china national petroleum corporation, l td. party b : pansoft ( jinan ) company ltd. signature date : april 28, 2008 place of signature : urlumuqi, xinjiang printed by prc ministry of science & technology filling instructions i. this contract is the demonstrated version of technology development ( commission ) contract printed by prc ministry of science & technology ; each technology contract registration authority may recommend contract parties for reference and use. ii this contract is intended for that one party entrusts the other party to develop new technology, new product, new techniques, new material or new varieties and its system. iii when multiple persons involved in either party, list under “ entrusting party ”, “ entrusted party ” ( supplementary pages ) as combined entrusting persons or entrusted persons according to their roles in the party. iv for the unmentioned items in this contract, both parties may agree on supplementary pages, taking as an inalienable part of the contract. v with regard to agree non - filling clauses in this contract, a “ no ” sign shall occur beside this clause. technology development contract party a : xinjiang sales branch of china national petroleum corporation, l td. address : no. 8 minzhu road, urlumuqi, xinjiang legal representative : xu huiju implementing unit of party a : finance department contact person of program : chen yong communication address : no. 8 minzhu road, urlumuqi, xinjiang party b : pansoft ( jinan ) company ltd. address : floor 3, qilu software building, high & new tech area, jinan, shandong legal representative : wang hu contact person of program : zhang ting bing communication address : floor 3, qilu software building, high & new tech area, jinan, shandong phone : 0531 - 88871165 fax : 0531 - 88871164 email : * * * @ * * * clause 1 : general : party a retains party b to research and develop the project of cash flow management and control information system development and maintenance. party b accepts the offer and implements this development project. in accordance with prc contract law, the parties enter into this contact