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Technology Development Contract

Development Agreement

Technology Development Contract | Document Parties: SPORTS SOURCE INC | Henan Xinyang Hongchang Channel Gas Engineering Co., Ltd. You are currently viewing:
This Development Agreement involves

SPORTS SOURCE INC | Henan Xinyang Hongchang Channel Gas Engineering Co., Ltd.

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Title: Technology Development Contract
Date: 10/13/2006

Technology Development Contract, Parties: sports source inc , henan xinyang hongchang channel gas engineering co.  ltd.
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CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY

WITH THE SECURITIES AND EXCHANGE COMMISSION

ASTERISKS (*****) DENOTE SUCH OMISSION

 

Exhibit 10.10

 

Contract No.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology Development Contract

 

(Trial)

 

Item name: An Amplificatory Study on Industrialized Preparation Technology of Bio-diesel Oil by Converting Lipase into Tallow Seed Oil and so on and Its Industrialization

 

Principal: Henan Xinyang Hongchang Channel Gas Engineering Co., Ltd.

(Party A)

 

Research and Development Party: Tsinghua University (Department of Chemical Engineering)

(Party B)

 

Signed at: Beijing, China

Date: September 1, 2005

Valid Until: September 1, 2005 - December 31, 2009

 

Supervised by State Science and Technology Commissions

 


CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY

WITH THE SECURITIES AND EXCHANGE COMMISSION

ASTERISKS (*****) DENOTE SUCH OMISSION

 

In accordance with the provision of the Contract Law of the People’s Republic of China, on the basis of the related technology of biological enzyme for use to the preparation of bio-diesel oil from Party A and the sufficient comprehension of the technology background of Part B. With the technology development of the item “Preparation Technology of Bio-diesel Oil such as Converting Lipase into Tallow Seed Oil and so on”, the present contract whereby it is agreed by both parties as follows:

 

I. Contents, form and requirements of the goal directed technology:

 

1. Combine scrap animal and vegetable grease and the local reproducible grease resources, adopt aforesaid grease resources with lipase to carry through an amplificatory study on the industrialized preparation technology and its industrialization.

 

2. On the basis of present research work, filtrate and optimize lipase, research lipase immobilization technology, optimize craftwork operating parameters and so on, in order to consummate the craftwork line of preparation of bio-diesel oil such as converting lipase into local grease resources.

 

3. Carry through related technology integration and amplificatory study, optimize and determine the production craftwork line which can annually output more than ten thousand tons and the core equipments (Transesterification reactor) parameters, provide industrialization with technology support, and provide more than ten thousand tons’ industrialization production craftwork with technology safeguard.

 

II. Technology Guideline and Parameter shall be achieved.

 

1.  

Heighten the life-span of actual using lipase, it shall be more than 250 times.

 

 

 

2.  

The frank of single converting process shall be no less than 95%.

 

 

 

 

3.  

Frank of bio-diesel oil shall be no less than 97%.

 

 

 

4.  

The quality of bio-diesel oil production shall accord with the bio-diesel oil standard in the United States, Germany and China.

 

III. Research and Development Plan:

 

1.  

From 2005.9 to 2005.12, aiming at grease material form Part A, carry through craftwork test and optimize.

 

 

 

2.  

From 2006.1 to 2006.12, cooperated with Party A’s ten thousand tons industrialization production equipment construction and producing course, provide technology support and accomplish craftwork checking and accepting in time.

 


CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY

WITH THE SECURITIES AND EXCHANGE COMMISSION

ASTERISKS (*****) DENOTE SUCH OMISSION

 

3.  

From 2007.1 to 2008.1, cooperated with Party A’s one hundred thousand tons industrialization production equipment construction and producing course, provide technology support and accomplish craftwork checking and accepting in time.

 

 

4.

From 20081 to 2009.1, cooperated with Party A’s three hundred thousand tons industrialization production equipment construction and producing course, provide technology support and accomplish craftwork checking and accepting in time.

 

IV. Research and Development Outlay, Payment and Its Way of Payment and Balance:

 

1.  

Research outlay is defined as the cost that is required to accomplish this research and development work; Payment is defined as development achievements expense and the research allowance for researchers.

 

Development outlay and payment for this item: RMB ***** and deduct a percentage from a sum of money

 

Thereinto equipments expense: ***** yuan

 

Thereinto: Party A provide RMB *****, Party B provide ***** yuan.

 

2.  

Way of outlay and payment and time limit ( adopt below the second and the third way):

 

a One time total payment: ***** yuan, time limit: . After PartyA pay the money, Party B shall start the exploitation work.

 

b Payment by stages:

 

  The first time: pay ***** yuan (no less than ***** of the total outlay),

 

Time: The contract will be effective after signed and stamped by both parties within the thirty days. After Party A pay the money, Party B starts the exploitation work.

 

  The second time: pay ***** yuan. Time: Before *****.

 

The third time: pay ***** yuan. Time: within ***** days, after checking and accepting, within ***** days, after ***** industrialization production put into production, checking and accepting.

 

c Deduct a percentage from a sum of money in accordance with ***** of the sale.

 

  Time limit: *****

 

The way of balance: balance per … year, pay b


 
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