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EXHIBIT 10.2 INVESTMENT MANAGEMENT CONTRACT PARTY

Construction Agreement

EXHIBIT 10.2 INVESTMENT MANAGEMENT CONTRACT PARTY | Document Parties: CHINA EVERGREEN ENVIRONMENTAL CORP | GUANGDONG XINXINGMEI ENVIRONMENT PROTECTION SCIENCE AND TECHNOLOGY INVESTMENT CO., LTD You are currently viewing:
This Construction Agreement involves

CHINA EVERGREEN ENVIRONMENTAL CORP | GUANGDONG XINXINGMEI ENVIRONMENT PROTECTION SCIENCE AND TECHNOLOGY INVESTMENT CO., LTD

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Title: EXHIBIT 10.2 INVESTMENT MANAGEMENT CONTRACT PARTY
Date: 7/15/2005
Industry: Misc. Financial Services    

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EXHIBIT 10.2 INVESTMENT MANAGEMENT CONTRACT PARTY A: THE PEOPLE'S GOVERNMENT OF WUQING DISTRICT, TIANJIN CITY PARTY B: GUANGDONG XINXINGMEI ENVIRONMENT PROTECTION SCIENCE AND TECHNOLOGY INVESTMENT CO., LTD According to The Contract Law of the People's Republic of China and other related laws and regulations, Party A and Party B promised to manage Wuqing First Sewage Disposal Factory via the way of BOT. In order to clarify rights and obligations of two parties, it concludes the contract for mutual observance after negotiation of two parties. 1. CONSTRUCTION OF PROJECT OF SEWAGE DISPOSAL FACTORY 1.1 The name of project is Wuqing First Sewage Disposal Factory. (It is called the Sewage Disposal Factory). 1.2 The construction site is located in Tinan Road in the Wuqing Development District 1.3 The design capacity of disposal sewage of the project amounts to 10,000 tons/day. 1.4 The total sum of project pricing is assumed to RMB 8-9 million. 1.5 According to the stipulation on article 1.3 in the contract, Party B is responsible for project design, investment (financing), construction, debug and management. 1.6 Party B selects "MHA Sewage Disposal Techniques"(See attachment 1) as the applicable art for the project. In terms of project design, it shall take the bases of "Report of Evaluation on Environment Influence" and "Official Response of Evaluation on Environment Influence" in order to design the standard for water quality. The subject and index involved in "Report of Evaluation on Environment Influence" and "Official Response of Evaluation on Environment Influence" shall be taken as the design parameter. Chart 1.1

--------------------------------------------------------------------------------------------- Subject Index of Water Access Index of Water Exceeding implements the first standard of GB8978-96 --------------------------------------------------------------------------------------------- CODcr mg/L =

  1.7 Party B is responsible for the following duties 1) The primary design, the construction drawing design and the construction design within the extent of the Sewage Disposal Factory(pound)>> 2) The bidding for civil construction(pound)>> 3) The earthwork digging and backfilling within the bound of the sewage disposal factory(pound)>> 4) The civil construction project (including indoor fitment, road and fence in the factory), the electric power project, the project of water supply and drainage, the craftwork equipment and the installation project, the virescence project, the fire control, the flood prevention and etc within the bound of the sewage disposal factory. 5) The design and construction on the road, water and electricity between the bound of the sewage disposal factory and the construction red line. 2 6) The debugging on all the projects within the bound of the sewage disposal factory(pound)>> 7) The uncompleted matters that are promised by related laws, regulations, policies and the contract. 1.8 Party A is responsible for construction on architecture establishment out of water access and exceeding mouths of the sewage disposal factory, which ensures the smooth delivery of the sewage and the smooth discharging of the rinsing water. 1.9 Party A assists Party B to contact a local bank and apply for loans on construction of the sewage disposal factory. Party B is responsible for negotiating with the bank for the detailed sum and the form of the loans. 1.10 Party A is responsible for providing the land for the project covering 8 Mu for free, and meeting requirements for weight bearing of 9 tons per square meters on the base. The deadline of the land using right from Party B shall be the same with the deadline of the sewage disposal factory managed by Party B. 1.11 Party B is responsible for connecting road, water and electricity to the red line on the land before construction, and ensuring the flattening of the construction field 1.12 Party A assists Party B to transact businesses which are under the administration of sectors of Party A, such as project establishment, transferring of land using right and other related procedures on declaring response and establishment 1.13 Party A delivers the design and construction invitation for Party B, meanwhile, Party A provides basic design parameters such as red construction blueprint and underground construction within the range of land use, elevation of pipelines of water access and exceeding of the sewage disposal factory, points of water use and electricity use. After receiving the invitation from Party A, Party B shall complete the primary design blueprint within 30 working days. After agreement from Party A within 90 days since the next day, Party B shall complete construction design and deliver it to be checked by Party A. After qualification, Party A will sign in the checking contract. 1.14 When designing the project of the sewage disposal factory, Party B is responsible for design a calculation establishment each for both parties in the sewage factory for the sake of transportation undertaken by Party A for establishment of the sludge storage 3 1.15 After complete all declaring procedures and blueprint checking, and items promised on Article 1.11, Party A shall deliver the construction notice to Party B, and Party B shall start establishment within 7 days after it receives the notice. If the consecutive construction period for the project of the sewage disposal factory lasts for 300 days, the construction period shall be calculated right from the construction day. l.16 In the construction period of the project of the sewage disposal factory, Party A shall assist Party B to apply for related derating policies within the range of national policies, laws and regulations. And Party A shall coordinate in solving conflicts and problems found in local sites that influence the construction of Party B. 1.17 The debugging period for Party B lasts for 90 days after the completion of the project. Party A shall deliver the expenditure for the sewage disposal to Party B according to the amount of sewage disposed in practice and the standard of 0.40% RMB per ton. (When the sewage amount provided from Party A is lower than the minimal sewage amount promised on Article 2.5 in the contract, Party A will pay the expenditure for the sewage disposal to Party B according to the minimal sewage amount promised on Article 2.5 and the stand of 0.40% RMB per ton. 1.18 After completion of the project and qualification of the debugging, Party B will inform Party A for acceptance of the project. After receiving the notice of project acceptance within 7 days, according to the blueprint and the signature of both Parties, Party A shall complete acceptance for the project within 10 working days. If Party A can't complete the acceptance within the time, it is considered for qualification. 1.19 The acceptance and supervision unit for the water quality from the sewage project is Wuqing District Environment Supervision Station. Provided the supervision result meet the guideline listed in the chart of 1.1 in the contract sheet, it is considered as qualified acceptance. Party B can consign the national station to take the business of supervision if necessary, and take the supervised data from the national center station as the norm. The daily disposal scale for the acceptance of the sewage shall be based on the design scale. If Party A can't provide the amount of sewage for the sewage design, it doesn't influence the acceptance of the project. 2. MANAGEMENT OF THE SEWAGE DISPOSAL FACTORY 2.1 The confirmation on the period of management for Party B shall start from the qualification day of the project. The contract terminates on the same day 20 years later. Within the period, Party B shall manage the sewage disposal factory independently with the agreement. as the return for investment, Party B shall possess the profit made in the factory. 4 2.2 Within the management period, Party B is no


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