[SUBJECT TO COMPLETION, DATED JUNE 10, 2009 RECON TECHNOLOGY, LTD 1,166,667 Ordinary Share Minimum Offering 1,700,000 Ordinary Share Maximum Offering This is the initial public offering of Recon Technology, Ltd, a Cayman Islands exempted company. We are offering a minimum of 1,166,667 ordinary shares and a maximum of 1,700,000 ordinary shares. Our officers and directors may, but have made no] [Operating Agreement This Operating Agreement (hereinafter referred to as this “Agreement”) is entered into among the following parties in Beijing as of May 29, 2009: Party A: Recon Technology (Jining) Co., Ltd. Address: Room 320, 3 rd Building, Chuang Yi Mansion, Torch Industrial Garden, Jining City, Shandong Province, PRC 272100 Party B: Nanjing Recon Technology Co., Ltd. Address: Room 1401] [Operating Agreement This Operating Agreement (hereinafter referred to as this “Agreement”) is entered into among the following parties in Beijing as of May 29, 2009: Party A: Recon Technology (Jining) Co., Ltd. Address: Room 320, 3 rd Building, Chuang Yi Mansion, Torch Industrial Garden, Jining City, Shandong Province, PRC 272100 Party B: Jining ENI Energy Technology Co., Ltd. Address: Torch] [Operating Agreement This Operating Agreement (hereinafter referred to as this “Agreement”) is entered into among the following parties in Beijing as of May 29, 2009: Party A: Recon Technology (Jining) Co., Ltd. Address: Room 320, 3 rd Building, Chuang Yi Mansion, Torch Industrial Garden, Jining City, Shandong Province, PRC 272100 Party B: Beijing BHD Petroleum Technology Co., Ltd. Address: Jinglongguoji] [ANSEN ARNETT AXWELL P C H A Professional Corporation CERTIFIED PUBLIC ACCOUNTANTS 5 Triad Center, Suite 750 Salt Lake City, UT 84180-1128 Phone: (801) 532-2200 Fax: (801) 532-7944 www.hbmcpas.com Registered with the Public Company Accounting Oversight Board A Member of the Forum of Firms CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors Recon Technology, Ltd. As] [RECON TECHNOLOGY, LTD 2009 STOCK INCENTIVE PLAN Purpose and Effective Date 1. (a) The purpose of the RECON Technology, Ltd 2009 Stock Incentive Plan (the “Plan”) is to further the long term stability and financial success of RECON Technology, Ltd (the “Company”) by attracting and retaining personnel, including employees, non-employee directors, and consultants, through the use of stock incentives. It] [RECON TECHNOLOGY, LTD CODE OF BUSINESS CONDUCT AND ETHICS This Code of Business Conduct and Ethics covers a wide range of business practices and procedures. It does not cover every issue that may arise, but it sets out basic principles to guide the employees of Recon Technology, Ltd and its subsidiaries (the “Company”). All of our employees must conduct themselves]