CONFIDENTIAL INFORMATION
OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND
EXCHANGE COMMISSION
ASTERISKS (*****) DENOTE
SUCH OMISSION
Exhibit 10.10
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.
Research and
Development Party: Tsinghua University (Department of Chemical
Engineering)
Signed at:
Beijing, China
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.
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1.
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Heighten the
life-span of actual using lipase, it shall be more than 250
times.
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2.
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The frank of
single converting process shall be no less than 95%.
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3.
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Frank of
bio-diesel oil shall be no less than 97%.
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4.
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The quality of
bio-diesel oil production shall accord with the bio-diesel oil
standard in the United States, Germany and China.
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III.
Research and Development Plan:
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1.
|
From 2005.9 to
2005.12, aiming at grease material form Part A, carry through
craftwork test and optimize.
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|
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.
|
|
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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:
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1.
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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.
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.
The way of
balance: balance per … year, pay b
