Exhibit 10.21
Cooperative Contract
On the Exploitation Project of Nano Calcium Carbonate
Party A: Shandong Shengda Technology Co., Ltd
Party B: Polymer Modification Research Lab of Qingdao University
of Science and
Technology
Party C: Qingdao Siwei Chemical Co., Ltd
In line with the principle of reciprocity and mutual benefit and
the operational
mechanism of combining "academic research with production", the
three parties A,
B and C hereby, in light of the issue of exploitation of nano
calcium carbonate,
enter into the following agreements:
1. Party A
entrusts Party B to conduct research and development for the
nano
calcium
carbonate products produced by Party A, including Polyvinyl
Chloride
(PVC), Polypropylene
(PP), Polyethylene (PE), ABS, BOPP,
BOPE,
Compound
Agglomerate
of Nano Calcium
Carbonate,
General Thermoplastic
Colophony,
Non-dripping Film for
Greenhouses, Colophony
Products, and so
on.
Meanwhile,
Party
A entrusts Party B to provide the relevant
consultation and technological services relating to the technology
of nano
calcium
carbonate for clients of Party A to assist
them in their efforts
to
increase their market shares.
2. Party B
accepts the
entrustment from Party
A, conducting
researches of
technical
modification
and application for the nano calcium carbonate
products,
guiding their
industrial applications, and providing technical
services
for the sales of Party A.
3. The
term of the contract
is five years. Party A
pays Party B the project
expenditure for
researching
and exploiting nano calcium carbonate
amounting
to RMB 60,000 (sixty thousand) yuan as the expenditure of
experiment
fee, scientific consultation fee and traveling expenses, and so
on. The
expenditure
shall be paid in two
separate payments. The first
payment in
the amount of RMB 20,000 (twenty thousand) yuan shall be paid
within one
month after signing this contract, and the remaining payment in
the amount
of RMB 40,000 (forty
thousand) yuan shall be paid off within
one year.
After three years,
Party A shall
properly pay more
technical
service
fee to Party B
according to the
operating conditions. Party B
shall
succeed in
developing
one application technology in one special
field
within one year after signing this contract.
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4. The
modifying agent used in nano calcium carbonate by Party C shall not
be
sold to
any other nano calcium
carbonate manufacturer within two years
after
successful cooperation with Party A on modification and
application.
Party C
shall guarantee
the supply by preferential prices and Party A
shall not
cooperate with any other modifying agent manufacturer of the
same kind
within two years.
5. As for
the modifier
used by Party C in nano calcium carbonate, after
successful
application tests by Party A's customers, Party A promises that
the annul
purchase amount for the year 2003 shall not be less than 60
tons, with
the desirable amount of 90 tons; the annual purchase amount for
the year
2004 shall not be les
