Project of Jinjiang Technological Plan Contract
English Translation of
Chinese Language Document
[English
translations for reference only]
Exhibit
10.26
This
contract is entered into by and between Science and Technology Bureau of
Jinjiang City and Guanke (Fujian) Electron Technological Industry Co
Ltd (“Guanke”) on January 4, 2007.
The two
parties, for the mutual benefit, agree that
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Guanke
shall develop LCD related technologies and products each
year
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Guanke
shall use the government subsidies for research and development purposes
only;
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The
Science and Technology Bureau of Jinjiang City has right to inspect the
execution of the Contract and review the usage of the subsidies, review
and agreeable with the technologies and
products;
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Technologies developed under this
Contract shall be deemed as state-owned assets; provided, however, Guanke
shall have the perpetual right to use and license
them.
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To
compensate for Guanke’s research and development efforts, the Science and
Technology Bureau of Jinjiang City agrees to provide government
subsidies in the total amount of RMB100 million in annual
installments.
The
Science and Technology Bureau of Jinjiang City will conduct annual inspection on
Guanke’s performance of the Contract. Disputes arising from the contract shall
be submitted to a mutually agreed arbitration tribunal.
The contract is governed by the laws of
the People’s Republic of China.
By and
between
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Science
and Technology Bureau of Jinjiang City
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Guanke
(Fujian) Electron Technological Industry Co
Ltd
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