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PERMANENT TECHNOLOGY LICENSE AGREEMENT

Technology License Assignment Agreement

PERMANENT TECHNOLOGY LICENSE AGREEMENT | Document Parties: CHINA AGRITECH INC | Chang Yu  | Pacific Dragon Fertilizer Co., Ltd You are currently viewing:
This Technology License Assignment Agreement involves

CHINA AGRITECH INC | Chang Yu | Pacific Dragon Fertilizer Co., Ltd

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Title: PERMANENT TECHNOLOGY LICENSE AGREEMENT
Date: 4/14/2006

PERMANENT TECHNOLOGY LICENSE AGREEMENT, Parties: china agritech inc , chang yu  , pacific dragon fertilizer co.  ltd
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Exhibit 10.16

PERMANENT TECHNOLOGY LICENSE AGREEMENT

Party A (Licensor):    Mr. Chang Yu

Party B (Licensee):    Pacific Dragon Fertilizer Co., Ltd

Based on the PRC Contract Law and friendly consultation, the Parties reach the following agreement concerning the use of know-how of Party A by Party B in manufacturing organic liquid compound fertilizer with the brand name of "Tai Long" ("Proprietary Technology") on a royalty-free basis:

1.     Name of the Proprietary Technology: manufacturing method and prescription of "Tai Long" organic liquid compound fertilizer.

2.     Usage: Party A agrees Party B to use the Proprietary Technology in its manufacturing process.

3.     Term of License: Permanent License.

4.     Obligations of Party A

a.     Party A shall continue to provide Party B with necessary information and assistance concerning the Pr


 
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