Item 1.01. Entry into a Material Definitive Agreement.

Syntroleum Corporation announced today the Company has entered into definitive agreements with China Petroleum & Chemical Corporation (Sinopec Corp.) for the transfer of Syntroleum's Fischer-Tropsch technology.

Under the terms of the agreements, Sinopec Corp. will receive a non-exclusive right to use Syntroleum's Fischer-Tropsch technology for coal, petroleum coke, asphalt, and related feedstocks in China and for coal in the rest of the world excluding North and South America, Australia, New Zealand and India for an unlimited number of units and production capacity. As a part of the agreement, Sinopec Corp. will establish a pilot plant in China based on Syntroleum's Catoosa Demonstration Facility ("CDF") equipment for joint technology demonstration, development and commercialization. Both companies will share the profits from the licensing of improved technology in China.

Under the terms of the agreement, Syntroleum has received down payment for the scheduled transfer of technology documentation and additional payments are contracted to be paid in 2009 against the confirmation of delivery of technology documentation and the relocation to China by Sinopec Corp. of, among other things, the Fischer-Tropsch reactors, catalyst filtration equipment and catalyst regeneration sections of Syntroleum's CDF.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed herewith:

10.85 Technology Transfer Agreement dated December 15, 2008 but effective as of February 20, 2009, between Syntroleum and Sinopec Corp.

10.86 CDF Equipment and Material Transfer Agreement dated December 15, 2008 but effective as of February 20, 2009, between Syntroleum and Sinopec Corp.

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