CONFIDENTIAL INFORMATION
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Exhibit 10.13
Agreement on Cooperative
Experimentation and Development of
the Oil Crop Cyperus
Esculentus as New Energy
Party A:
Institute of Oil Crops Research Chinese Academy of Agriculture
Sciences
Address: No.2,
Xudong Er Road, Wuhan City, Hubei Province
Party B:
Xinyang Hongchang Channel Gas Engineering Co., Ltd.
Address:
No.188, Jingshen Road, Shihe District, Xinyang City, Henan
Province
Realizing the
scale plantation of energy oil crops and providing bio-diesel with
stable sources of grease are the key links for promoting the
process of bio-diesel industrialization. Cyperus esculentus can be
energetically developed as an energy oil crop so as to provide raw
material of grease for the bio-diesel industrialization. At the
request of Xinyang Hongchang Channel Gas Engineering Co., Ltd.
(hereinafter referred to as “Party B”), Institute of
Oil Crops Research Chinese Academy of Agriculture Sciences
(hereinafter referred to as “Party A”) conduct
adaptability experiments on cyperus esculentus, in three
experimental sites selected in Henan, Hubei and Anhui Provinces
(one in each of the provinces), with fine seeds of cyperus
esculentus provided by Party A, and after having confirmed that
such variety of cyperus esculentus is suitable to be planted in the
foresaid experimental sites, carry out development of the variety
of cyperus esculentus on a cooperative basis.
To safeguard
benefits of the two parties, Party A and Party B agree as follows
with respect to the cooperative experimentation and development of
cyperus esculentus through consultation, on the principles of
scientificalness, impartiality and reciprocity.
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I.
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Stipulations by
Party A and Party B on Adaptability Experimentation of Cyperus
Esculentus
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1.
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At the request
of Party B, Party A shall select one experiment spot in Henan
Province, Hubei Province and Anhui Province respectively in the
period from April 2006 to December 2006, and conduct adaptability
experimentation on one variety of Cyperus Esculentus provided by
Party A under spring sowing conditions.
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2.
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Party A shall
specifically arrange programs for adaptability experimentation
(including experimental inspection indicators, experimental sites,
funds budgeting, etc.). Seeds used for this adaptability
experimentation shall be provided by Party A.
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3.
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Party A shall
provide technical guidance for the plantation of cyperus esculentus
in the foresaid experimental sites and can receive one or two field
surveys by Party B in the three experimental sites during
experimentation.
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4.
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Party A shall,
after the completion of this adaptability experimentation,
summarize experimental results and report to Party B the
experimental data and results. Party A and Party B shall jointly
confirm whether or not the foresaid experimental sites are suitable
for planting cyperus esculentus. In the event that Party A and
Party B cannot make consistent conclusions on the adaptability of
cyperus esculentus, Party A shall organize and invite at least 5
crop cultivation experts to form an expert group that will make an
appraisal of the adaptability of cyperus esculentus based on
experimental data; both Party A and Party B shall follow appraisal
opinions made by the expert group.
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CONFIDENTIAL INFORMATION
OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND
EXCHANGE COMMISSION
ASTERISKS (*****) DENOTE
SUCH OMISSION
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5.
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Overhead
expenses required for this adaptability experimentation shall be
paid jointly by Party A and Party B. The total amount of overhead
expenses is RMB *****,
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