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Agreement on Cooperative Experimentation and Development of the Oil Crop Cyperus Esculentus as New Energy

Cooperation Agreement

Agreement on Cooperative Experimentation and Development of 

the Oil Crop Cyperus Esculentus as New Energy
 | Document Parties: SPORTS SOURCE INC | Xinyang Hongchang Channel Gas Engineering Co., Ltd. You are currently viewing:
This Cooperation Agreement involves

SPORTS SOURCE INC | Xinyang Hongchang Channel Gas Engineering Co., Ltd.

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Title: Agreement on Cooperative Experimentation and Development of the Oil Crop Cyperus Esculentus as New Energy
Date: 10/13/2006

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CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY

WITH THE SECURITIES AND EXCHANGE COMMISSION

ASTERISKS (*****) DENOTE SUCH OMISSION

 

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.

 

I.

Stipulations by Party A and Party B on Adaptability Experimentation of Cyperus Esculentus

 

1.  

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.

 

2.  

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.

 

3.  

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.

 

4.  

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.

 


CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY

WITH THE SECURITIES AND EXCHANGE COMMISSION

ASTERISKS (*****) DENOTE SUCH OMISSION

 

5.  

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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