CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION ASTERISKS (*****) DENOTE SUCH OMISSION
CONFIDENTIAL
INFORMATION OMITTED AND FILED
SEPARATELY
WITH
THE SECURITIES AND EXCHANGE
COMMISSION
ASTERISKS
(*****) DENOTE SUCH
OMISSION
Exhibit
10.8
Agreement
Party
A:
Henan Jinding Chemical Industry Co., Ltd.
Party
B:
Sichuan Tianyi Science & Technologies Co., Ltd.
Through
friendly negotiations, both parties herewith have agreed to enter into this
“Technology
Transfer Agreement on 100kt/a Equipment for Making DME by Catalytic Dehydration
of Methanol in Gas Phase”
(hereafter as the Contract) in Chengdu on June 30th,
2006.
In order to further encourage Party B to accomplish the project of engineering
design with guaranteed quality on exact schedule, following agreement has been
formed after mutual discussion:
| 1) |
Party
A shall separately pay Party B RMB ***** (RMB *****) as the
expediting charge incurred.
|
| 2) |
The
payment under this Agreement shall be as the
following:
|
Within
the seven days once the Agreement has been effected, Party A shall initially
clear the payment of RMB ***** to Party B; while the other RMB *****
shall be paid to Party B with the seven days before the whole set of
constructional design files have been delivered.
| 3) |
This
agreement is considered as one part of the Contract and the rights
and
liabilities under the Contract shall apply to the Agreement as
well.
|
| 4) |
The
Agreement shall be effected once signed and sealed by the legal
representatives or the authorized persons of both
parties.
|
| 5) |
The
Agreement is in duplicate with either party holds one
copy.
|
Party
A:
Henan Jinding Chemical Industry Co., Ltd. (Sealed)
Legal
Representative (or authorized person):
Xxxx Xxxxxxxxx
Party
B:
Sichuan Tianyi Science & Technologies Co., Ltd. (Sealed)
Legal
Representative (or authorized person): Xxxxx
Xxxxxx
Date:
July 18th,
2006
