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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






