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TECHNOLOGY DEVELOPMENT CONTRACT

Development Agreement

TECHNOLOGY DEVELOPMENT CONTRACT | Document Parties: ZEOLITE EXPLORATION CO | Shandong Haize Nanomaterials Co., Ltd You are currently viewing:
This Development Agreement involves

ZEOLITE EXPLORATION CO | Shandong Haize Nanomaterials Co., Ltd

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Title: TECHNOLOGY DEVELOPMENT CONTRACT
Date: 11/16/2006

TECHNOLOGY DEVELOPMENT CONTRACT, Parties: zeolite exploration co , shandong haize nanomaterials co.  ltd
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                                                                   Exhibit 10.20

Contract Registration No.:
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                         Technical Development Contract



Project Name:   Development of the process of producing nano calcium carbonate by
micro-mixing reactor

Entrusting Party (Party A): Shandong Haize Nanomaterials Co., Ltd

Address: Youth Development Zone, Tai'an City

R&D Party (Party B): Tsinghua University (Department of Chemical Engineering)

Address: Haidian District, Beijing




This Contract is signed in Beijing.

This Contract is signed on January 12, 2005

Period of Validity: January 2005 - May 31, 2006





          Supervised by the State Scientific and Technology Commission


<PAGE>

In accordance   with the   provisions of Contract Law of the People's   Republic of
China and after   discussions   and   negotiations   about   the   development   of the
process of producing nano calcium carbonate by micro-mixing reactor based on the
existing   technology   of producing   nanometer   granule by   micro-mixing   reactor
developed by Party B, the two parties agree to enter into this contract.

I. The Content, Form and Requirements of the Target Technology:

Based on the existing   production   conditions provided by Party A, Party B shall
carry out the study of the   producing   method of nano   calcium   carbonate by the
micro-mixing   reactor,   find the proper   reacting   condition,   and carry out the
tests on small-scale   test,   pilot scale   experiment and commercial test for the
realization of industrial production.

1. The process of producing nano calcium carbonate by micro-mixing reactor

Based on the raw materials   provided by Party A, Party B shall find out the laws
by studying how the flow rate,   reaction   temperature and the   concentration   of
white lime milk will affect the size and appearance of the obtained nano calcium
carbonate   and the flow law inside   the   micro-mixing   reactor,   in order to get
prepared   for   designing   the   equipment   for   pilot   scale   experiments.   After
finishing   the above   technical   experiments,   Party B shall   submit a   research
report,   and   discuss   with   the   technical   personnel   from   Party A about   the
feasibility of pilot scale experiments.

2.   Determination   of the reacting   conditions   and key   parameters   of relevant
equipment for carbonization reactions in pilot scale experiments

After getting   permission from Party A to carry out the pilot scale experiments,
based on the research result of small-scale   tests,   Party B shall determine the
reacting conditions of the carbonization   reactor and key parameters of relevant
equipment for   carbonization   reactions,   and design the production   process for
pilot scale   experiments and relevant   equipment by cooperating   with the design
organization invited by Party A.

3. Pilot scale experiments

After   getting   permission   from   Party A about   the   stipulations   in the above
provision,   Party B   shall   provide   a   micro-mixing   reactor   for   pilot   scale
experiments. Party A shall provide the necessary equipment coordinating with the
micro-mixing   reactor as well as other   conditions   required   in the pilot scale
experiments, and carry out such tests under the instructions of Party B.



<PAGE>

Pilot scale experiments are designed to study how the gas-liquid phase ratio and
the   concentration of white lime milk will affect the size and appearance of the
obtained nano calcium   carbonate,   and check the stable operating   conditions of
equipment.   If there are   problems   affecting   the   technical   stability   of the
micro-mixing   reactor   during   the   pilot   scale   experiments,   Party B shall be
responsible for fixing them.

Party B shall submit a report of the pilot scale experiments.   Party A shall ask
experts to conduct   the check and   acceptance   of the result of the pilot   scale
experiments.

4. Commercial tests

After getting   permission from Party A to carry out the commercial tests,   based
on the research results of pilot scale experiments,   Party B shall determine the
reacting conditions of the micro-mixing   reactors and key parameters of relevant
equipment for   carbonization   reactions,   and design the production   process for
commercial   tests   and   relevant    equipment   by   cooperating   with   the   design
organization invited by Party A.

Commercial   tests are designed to study how the   gas-liquid   phase ratio and the
concentration   of white   lime milk will   affect the size and   appearance   of the
obtained nano calcium   carbonate,   and check the stable operating   conditions of
equipment.   If there are   problems   affecting   the   technical   stability   of the
micro-mixing   reactor during the pilot scale   experiments,   Party B shall assist
Party B to fix them.

Party A and Party B shall jointly submit the report of commercial tests. Party A
shall ask   experts   to   conduct   the check and   acceptance   of the result of the
commercial tests.

While working at the location of Party B, the board and lodging   expenses of the
staff of Party A shall be   covered   by Party A. If some staff of Party B need to
go   the   locale   of   Party   A   and   do   necessary   work   for   the   sake   of   the
implementation   of this project,   the travel expenses arising from this shall be
covered by Party A.

II. Required Technical Indicators and Parameters:

(I)    Required technical indicators and parameters for small-scale tests

1.     The granule diameter of the primary granule of the nano calcium   carbonate
      obtained by this technical   method shall be less than 60   nanometers.   The
      granules   whose   diameters are more than 60 nanometers   shall account less
      than 5% of the total mass.


<PAGE>

2.     When the process reaches the stage of   carbonization,   the pH value of the
      white lime shall not be higher than 8.5 within 4 hours.

(II)   Required technical indicators and parameters for pilot scale experiments

1.     All the above required technical   indicators and parameter for small-scale
      tests shall have been satisfied.
2.     The composition of the kiln gas for carbonization should be: CO2 (28%), O2
      (4%) and CO (2%).   The other   ingredients   are mainly N2,   small amount of
      water vapor and soot.   The   utilization   ratio of CO2 during the   reacting
      process should be >/= 80%.
3.     The   carbonization   temperature   will be   acceptable   within   the range of
      30iA10iae for the convenience of control and operation.
4.     This process shall guarantee the whiteness after carbonation will be 1.5 -
      2.0 degrees higher than that before carbonation.
5.     The   concentration   of white   lime   milk for   carbonization   shall be >/+=
      60g/l.

(III) Required technical indicators and parameters for commercial tests

1.     All the above   required   technical   indicators   and parameter for tests on
      small-scale tests and pilot scale experiments shall have been satisfied.
2.     The producing method in this process can be used in industrial production,
      with the annual output for single equipment being more than 3,000 tons.

III.   Plans for Research and Development

1.     The small-scale   tests shall be carried out and completed   within 3 months
      after this contract has become effective.
2.     The pilot scale   experiments   shall be carried out and completed   within 3
      months after receiving the first fund for pilot scale experiments.
3.     The enlarged   commercial test shall be carried out and completed   within 3
      months after receiving the first fund for commercial   tests. The producing
      conditions shall be technically satisfied.

As the above R&D plans will be carried   out at the   location of Party A and that
of Party B respectively and the two parties will take joint responsibilities, so
the parties   shall   closely   cooperate   with each other in the   execution of the
plans.   In case that the pilot   plant or   commercial   plant   cannot be   prepared
timely,   the research plans shall be postponed.   The changes of the R&D schedule
shall be determined after the negotiations of the two parties.



<PAGE>

IV.    R&D Expenses, Remuneration and Mode of Payment or Settlement

(I) R&D expenses refer to the costs needed for the R&D.   Remuneration   refers to
the royalty of the   achievement   developed by this project and the allowance and
subsidies for the R&D staff.

R&D expenses and remuneration   for this project total at RMB 1,500,000.00   yuan,
that is, RMB one million and five hundred thousand yuan exactly.

Among which:

1.     Party A shall pay RMB two hundred and fifty   thousand   yuan to Party B for
      the research work of small-scale tests (item 1 of Article 1).
2.     After   small-scale tests have been finished and accepted by Party A, Party
      A shall   pay RMB six   hundred   thousand   yuan to Party B for   pilot   scale
      experiments   of this project   (item 2 of Article 1). When   personnel   from
      Party B work at the location of Party A for the execution of this project,
      the relevant   boarding and lodging   expenses   shall be covered by Party A,
      but the expenses shall be subject to Party A's examination.
3.     After pilot scale   experiments have been finished and accepted by Party A,
      Party A shall pay RMB six hundred and fifty   thousand   yuan to Party B for
      the enlarged   commercial tests of this project (item 4 of Article 1). When
      personnel   from Party B work at the location of Party A for the   execution
      of this   project,   the   relevant   boarding and lodging   expenses   shall be
      covered   by Party A,   but the   expenses   shall   be   subject   to Party   A's
      examination.

(II)   Mode of Payment and time limit for expenditures and remuneration:

1.     Party A shall pay RMB two hundred   thousand   yuan to Party B within 7 days
      after this contract has been signed and sealed by both parties.
2.     Party A shall   organize   the check and   acceptance   within   ten days after
      Party B has submitted the report for technological test. Party A shall pay
      RMB   fifty   thousand   to Party B within   seven   days   after   the check and
      acceptance   has   passed.   If   Party A fails   to   organize   the   check   and
      acceptance within one month, it shall be deemed as having been accepted.
3.     Party A shall pay RMB three hundred   thousand yuan to Party B within seven
      days after   Party A has   informed   Party B in formal   written   form of the
      commencement of the pilot scale experiments.
4.     Party


 
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