INVESTMENT AND COOPERATION STRUCTURE AGREEMENTCooperation Agreement |
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MALEX INC | Beijing China Sciences General Energy & Environment Co, Ltd | Wuxi Huayang Electrical Power Equipment Co, Ltd. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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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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