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Exhibit 10.2
INVESTMENT
AND COOPERATION STRUCTURE AGREEMENT
In
order to develop the business of waste to energy technology,
and on the principle to dominate the domestic market, Wuxi
Huayang Electrical Power Equipment Co., ltd. (hereinafter
“Party A”) and Beijing
China Sciences General Energy & Environment Co.,
Ltd. (hereinafter
“Party B”), after consideration and friendly
discussions, enter into this Agreement in order to establish
common goals and to establish a strategic
partnership.
Article
1: The Parties
Section
1: Party A
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Legal
Name:
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Wuxi
Huayang Electrical Power Equipment Co., Ltd.
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Registered
Address:
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No.
9 Yanyu Middle Road, Qianzhou Village, Huishan District, Wuxi
City
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Legal
Representative:
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Tang
Lihua, General Manager, PRC national
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Telephone:
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051083381199
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Facsimile:
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051083380099
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Section
2: Party B
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Legal
Name:
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Beijing
China Sciences General Energy & Environment Co.,
Ltd.
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Registered
Address:
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No.
22, Zhongguan Road, Zhongke Plaza, Building A, No. 5, Haidien
District, Beijing
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Legal
Representative:
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Cui
Huaming, Chairman, PRC national |
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Telephone:
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010-62639040
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Facsimile:
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010-62632643
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Article
2: Background of Cooperation
Section
1: Business Background
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1.
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Party
A has substantial financial resources, as well as relevant
manufacturing experiences.
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2.
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Party
B has seven relevant patents in waste-to-energy technology that are
recognized by the market, including an invention patent, and has a
team of engineers possessing a wealth of relevant
experience.
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Section
2: Market Conditions
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1.
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In
light of the rapid expansion for municipal waste-to-energy
development, the parties shall combine their respective strengths
and agree to the goal of becoming the leader in the relevant
domestic market.
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2.
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The
deployment and use for waste-to-energy technology is dependent on
both the maturity of the technology and the support of sufficient
funding.
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3.
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Although
the market for waste-to-energy is rapidly expanding, the parties
must optimally realign their respect resources in order to maintain
a high level of development.
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Article
3: Purpose of the Parties’ Cooperation
The
parties are establishing the strategic partnership in order
to:
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1.
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Allow
Party A to build waste-to-energy plants based on Party B’s
patented technology, and to enjoy exclusive manufacturing rights
upon achieving national design standards; and
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2.
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Allow
Party B to share in any derived profits based upon the patents and
technology services that it will provide.
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Article
4: Basis of Cooperation
Section
1: F
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