exhibit 10. 1 equipment purchase contract this equipment purchase contract, together with the exhibits attached hereto ( this “ contract ” ) is entered into as of march 8, 2007 by and between hub city terminals, inc., located at 3050 highland parkway suite 100 downers grove, il 60515, u. s. a. ( “ buyer ” ), singamas management services, ltd., located at p. o. box 71, craigmuir chambers, road town, tortola, british virgin islands ( “ seller ” ) and, for purposes of article 11 only, singamas north america, inc., located at 2410 camino ramon, suite 135, san ramon, ca 94583 ( “ old seller ” ). whereas, buyer and old seller entered into that certain equipment purchase contract, dated as of march 8, 2006 ( the “ 2006 purchase contract ” ) pursuant to which buyer purchased containers ( as defined hereinafter ) from old seller ; whereas, old seller and seller are corporate affiliates ; and whereas, buyer and seller desire to enter into this contract pursuant to which buyer shall purchase containers from seller. buyer and seller agree as follows : article 1. specification ; equipment ; contract price ; scheduled delivery dates ; pool ( a ) pursuant to article 2 of this contract, buyer and seller agree to develop on a joint basis the specification ( as defined in article 2 ( a ) ) for the manufacture of the steel containers described in exhibit a ( collectively, the “ equipment ” and each individually, a “ unit ” or “ container ” ). ( b ) seller covenants and agrees to manufacture, at the singamas plant located at qingdao, china, or at such additional plants as may be approved by buyer ( collectively, the “ plant ” ), the equipment in accordance with the specification developed pursuant to article 2, and shall sell and deliver the equipment to buyer at buyer ’ s depots as set forth in exhibit a ( “ buyer ’ s depots ” ), or to such other locations as may be agreed to between buyer and seller ( collectively, the “ authorized delivery locations ” ), in accordance with the scheduled delivery dates set forth in exhibit a, as the same may be modified only by mutual agreement in writing pursuant to article 2 ( d ), 3 ( b ) or 4 ( a ) ( as modified, the scheduled delivery dates ), at seller ’ s risk and expense as provided in this contract