Sample Business Contracts

Performance Contract - PetroChina Co. Ltd. and Guoliang Wang

Employment Forms

Employment Contract. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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     YEAR 2003 PERFORMANCE CONTRACT WITH CFO OF PETROCHINA COMPANY LIMITED

<TABLE>
<S>                                                       <C>                               <C>
Offeree: Name: WANG, Guoliang                             Offeror: Name: CHEN, Geng         Term of the Contract: January 1, 2003 to
                                                                                                                  December 31, 2003

Title:   Vice President of PetroChina Company Limited     Title:   President of PetroChina
         ("PetroChina")                                                                     Date of Execution: January 18, 2003

</TABLE>

<TABLE>
<CAPTION>

INDICES                       KEY PERFORMANCE INDICES            WEIGHT  MEASUREMENT        TARGET            ACTUAL
                              (KPI)                                                                           PERFORMANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                                <C>     <C>                <C>               <C>
Profits Indices               Rate of return of the invested     30%     %                  8.38
                              capital of PetroChina (ROIC)

                              Net income of PetroChina (NI)      15%     In million RMB     34,280

                              Free cash flow of PetroChina       15%     In million RMB     3,880
                              (FCF)
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices             Cost for capital raising           10%     In million RMB     5% or more lower
                                                                                            than the base
                                                                                            interest rate as
                                                                                            stipulated by
                                                                                            the State
                              ------------------------------------------------------------------------------------------------------
                              Receivables                        15%     %                  Per Shiyoucaizi
                                                                                            [2001] 311
                              ------------------------------------------------------------------------------------------------------
                              Balance of RMB deposits            5%      In million RMB     14,000
                              ------------------------------------------------------------------------------------------------------
                              Performance rate of the            10%     %                  100
                              financial Budget indices
------------------------------------------------------------------------------------------------------------------------------------
Indices to Be Put under       Safety rate of capital             No case involving capital loss exceeding     Comprehensive
Control                       operation                          RMB500,000                                   performance expressed
                                                                                                              in marks to be reduced
                                                                                                              by 5 marks if
                                                                                                              exceeding target of
                                                                                                              the index put under
                                                                                                              control.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


Signature of Offeree: /s/ WANG GUOLIANG  Signature of Offeror: /s/ CHEN GENG
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