Technical Services Agreement [Chinese translation]

Contract Categories: Business Operations - Services Agreements
EX-10.21 22 exhbiit1021.htm EXHIBIT 10.21 exhbiit1021.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.21

Technical Services Agreement
[Chinese translation]

Between: EcoloCap Solutions Canada Inc. (EcoloCap)

740 St Maurice suite 102
Montreal QC H3C 1L5
Tel: 0015148763907       Fax: 0015148764080

And

Hebei Fengda Metalized Pellet Co., Ltd. (Fengda)
[Chinese translation]
East of Pingshe Rd. Jingjing Mining Area, Shijiazhuang City, Hebei
Province, China
[Chinese translation]
Telephone: 0311-82066098
Mobile: 831132217
Email: ***@***

 

Re: Technical services for CDM project: 1 Million/Yr Metalized Pellet Production Project
[Chinese translation]

Whereby EcoloCap Solutions (Canada) Inc. will perform for Fengda necessary technical services for the validation of its CDM projects.
[Chinese translation]

In consideration of these services rendered as well as expenses incurred, EcoloCap shall be paid by Fengda professional fees for this project and
EcoloCap shall be paid a fee for its services which is calculated as follows:
[Chinese translation]

Amount paid = 15% x Net Revenues from CER [Chinese translation]

Net Revenues = Total validated quantity of CER multiplied by 9.5 Euro – 100,000 Euro (First year) [Chinese translation])

Net Revenues = Total validated quantity of CER multiplied by 9.5 Euro (following years) [Chinese translation]


EcoloCap shall be responsible for the preparation of these technical documents (PIN, PDD, etc.) and shall make best efforts to assist
Fengda in the approval processes of these projects by local authorities as well as by the DOE and the EB. All the expenses incurred above
will be borne by EcoloCap.
[Chinese translation]

EcoloCap shall make best effort to help Fengda to get financial participation of foreign investors in the Project.
[Chinese translation]

We agree to the above and acknowledge receiving a copy of this agreement.
[Chinese translation]

Dated this 19th day of October 2008. 
[Chinese translation] 
 
     EcoloCap Solutions (Canada) Inc. 
 
 
 
     Per: DR. TRI VU TRUONG 
     Dr. Tri Vu Truong 
     President & CEO 
 
 
Hebei Fengda Metalized Pellet Co., Ltd. (Fengda) 
[Chinese translation] 
 
     Per: LI, LISHENG 
     Mr. LI, Lisheng 
     Board Chairman