Framework Agreement on Cooperation in Research and Development of Stability Technology for Offset Printing Machines and New Technologies
EXHIBIT
10.15
on
Cooperation
in Research and Development of Stability Technology for Offset Printing
Machines
and New Technologies
Party
A:
DuoYuan Digital Printing Technology Industry (China) Co., Ltd.
Party
B:
Beijing Aeronautic Manufacturing Technology Research Institute
DuoYuan
Digital Printing Technology Industry (China) Co., Ltd (“Party A”) is a wholly
owned foreign venture engaged in digital printing and printing equipment and
products, which has sound management, production and marketing resources and
has
particularly achieved remarkable results in the production and marketing of
printing machines.
Beijing
Aeronautic Manufacturing Technology Research Institute (“Party B”) is a
nationally known mechanical and electrical product technology development
center, which owns strong research and development capabilities and particularly
possesses a leading position and represents the advanced level in such
specialized domains as advanced electrical processing, special welding,
manufacturing of structures made of compound materials, metal plate forming,
machinery connection and assembling, and non-destructive detection. Both parties
reach into the following Cooperation Agreement (the “Agreement”) based on
friendly negotiation:
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1.
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Both
parties agree to carry out extensive cooperation with each other
in the
research and development of stability technology for offset printing
machines and new technologies.
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2.
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Party
A agrees to provide Party B for free with 1 prototype offset printing
machine for use by Party B for research and experiment purposes and
Party
B agrees to keep Party A duly informed of the research progresses
it has
made using the prototype machine supplied by Party A.
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3.
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Party
A agrees to provide certain amount of funds to support further effort
of
Party B for researching stability technology for offset printing
machines
and new technologies, and is willing to act as the base for transformation
and industrialization of the results of mechanical and electrical
product
stability research of Party B and provide all possible and necessary
conditions in that regard, with specific implementing measures to
be
separately discussed and determined.
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4.
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Party
B agrees to carry out pertinent research of mechanical and electrical
product stability effect in the near future using the prototype offset
printing machine supplied by Party A after making necessary improvements
to the machine or imitating the configuration of the prototype machine
and
to prioritize Party A when considering transfer of its research results.
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5.
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Party
B agrees to act as the technology supporter of Party A and further
carry
out the research and development of offset printing machine stability
technology and new technologies with the support of Party A, with
the
specific implementing measures to be separately discussed and determined.
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Party
A: /s/ DuoYuan Digital Printing Technology Industry (China) Co.,
Ltd.
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Party
B: /s/ Beijing Aeronautic Manufacturing Technology Research
Institute
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Address:
#3 Jinyuan Road, Daxing Industrial Development Zone,
Beijing
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Address:
North of Baliqiao, Chaoyang District,
Beijing
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Contact
Person: Han Shuyue
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Contact
Person: Xxx Xxxxxx
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Person
in Charge: Xxxx Xxxx’an
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Person
in Charge: Zhong Xxx Xxx
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Date:
May 16, 2005
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Date:
May 16, 2005
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