Technological Cooperation Agreement Regarding the Propagation of Fish Fry of Nile Tilapia
Technological
Cooperation Agreement Regarding the Propagation of
Fish
Fry of Nile Tilapia
Part A:
Nanhai Keda Hengsheng Aquiculture Co., Ltd.
Part B:
Xxxx Xx (the professor of Shanghai Fisheries University)
In
view of the rapid development of the propagation industry of Nile Tilapia in
mainland China, and an active and increased demand for the premium fish fry
within the propagation industry of Nile Tilapia, Part A and B agree to enter
into a cooperation agreement (the “Agreement”). According to this Agreement,
Part A proposes to establish the biggest propagation site for premium fish fry
of Nile Tilapia by introducing a leading propagation technology of Nile Tilapia
in mainland China. Part B is willing to provide technological support to Part A.
Through bilateral negotiations, a technological cooperation agreement regarding
the propagation of fish fry of Nile Tilapia is agreed upon by both parties. The
detailed cooperation terms are set forth as below:
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1.
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Part
A engages Part B as an advanced technological instructor for Nanhai Keda
Hengsheng Aquiculture Co., Ltd. This engagement will become immediately
effective upon execution of this agreement on January 1, 2007. This is a
long-term engagement with a period no less than 5
years.
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2.
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Part
B will provide Part A with 300 groups of relevant parent fish of New Jifu
Nile Tilapia as well as 10 groups of grandparent fish. (This includes 2000
female parent fish and 700 male parent fish.) Part A will compensate Part
B for the transfer of parent fish upon the acceptance of parent fish into
the fish pond for a lump sum of 200,000(RMB). (Those parent fish will be
accepted to the fish fry pond in Wenchang city Wengtian town of Hainan
Province, which was set up by Part
A.)
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3.
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During
the term of the engagement, Part B is responsible for the propagation of
fish fry of Nile Tilapia in the following technological aspects:
production of fish fry, preservation and strengthened purification of fish
fry, and training of Part A’s related technical staff. (Not less than 2
staff technicians should be trained to do the propagation work
independently within 3 years of training by Part
B.)
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4.
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There
should be a 3-day on site working by Part B for each month during the term
of his engagement with Part A. Part B should be available in answering
Part A’s inquiries either through telephone or email in normal business
hours. Part A has an exclusive right in accepting Part’s Yi’s technical
services within the region of Hainan Province. Part B should refrain from
providing related technical services of the propagation of Nile Tilapia
and selling or donating parent fish of Nile Tilapia to any unit and
individual regardless of such activity is with or without
compensation.
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5.
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During
Part B’s engagement, Part A will pay for Part B’s services for a fixed
salary of 100, 000(RMB) annually. At the same time, Part A is responsible
for purchasing and constructing relevant equipments, tools and facilities
according to Part B’s technical
specifications.
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6.
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Part
A will be wholly responsible for the operation of the fish fry pond and
the success of its own business. Part B has no stake in any and all credit
or debt arising out of Part A’s business
operations.
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7.
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Miscellaneous.
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a.
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Part
A and Part B agree to negotiate other terms outside the range of this
Agreement as the need arises.
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b.
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There
are two copies of the Agreement, both parties have its own
copy.
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Part A
(Seal): Nanhai Keda Hengsheng Aquiculture Co., Ltd.
Legal
Representative (Signature):
Date of
Signature: December 18, 2009
Part
B (Signature): /s/ Xxxx Xx
Date of
signature: December 18, 2009
