Cooperation Agreement between Shanxi Province Coking Design Research Institute and Wuxi Huayang Electrical Power Equipment Co., Ltd.
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Summary
Shanxi Province Coking Design Research Institute and Wuxi Huayang Electrical Power Equipment Co., Ltd. have agreed to cooperate on manufacturing coking and desulfurization equipment. Shanxi will provide the necessary technology, while Wuxi Huayang will finance the manufacturing. Both parties will jointly determine research costs as needed. The agreement is effective upon signing and any disputes will be resolved through mutual discussion.
EX-10.1 13 v093438_ex10-1.htm
Exhibit 10.1
AGREEMENT
| Party A: | Shanxi Province Coking Design Research Institute |
| Party B: | Wuxi Huayang Electrical Power Equipment Co., Ltd. |
The parties, after mutual discussions, enter into this cooperation agreement as follows:
| 1. | Party A shall provide the manufacturing technology relating to coking equipment and environmentally-sound desulfurization equipment. |
| 2. | Party B shall solely finance the manufacture of the coking equipment and the desulfurization equipment. |
| 3. | The anticipated research costs shall be mutually determined by the parties as warranted. |
| 4. | This Agreement shall have two copies, to be effective upon execution of the parties. |
| 5. | The parties shall resolve any differences through mutual discussions. |
| Party A: | /s/ Shanxi Province Coking Design Research Institute |
| [SEAL] |
| Party B: | /s/ Wuxi Huayang Electrical Power Equipment Co., Ltd. |
| [COMPANY SEAL] |
| Dated: | May 24, 2006 |
