AGREEMENT
Exhibit
10.1
AGREEMENT
| Party A: |
Shanxi
Province Coking Design Research
Institute
|
| Party B: |
Wuxi
Huayang Electrical Power Equipment Co.,
Ltd.
|
The
parties, after mutual discussions, enter into this cooperation agreement as
follows:
|
1.
|
Party
A shall provide the manufacturing technology relating to coking equipment
and environmentally-sound desulfurization
equipment.
|
|
2.
|
Party
B shall solely finance the manufacture of the coking equipment and
the
desulfurization equipment.
|
|
3.
|
The
anticipated research costs shall be mutually determined by the parties
as
warranted.
|
|
4.
|
This
Agreement shall have two copies, to be effective upon execution of
the
parties.
|
|
5.
|
The
parties shall resolve any differences through mutual discussions.
|
| Party A: |
/s/
Shanxi Province Coking Design Research
Institute
|
|
[SEAL]
|
| Party B: |
/s/
Wuxi Huayang Electrical Power Equipment Co.,
Ltd.
|
| [COMPANY SEAL] |
| Dated: | May 24, 2006 |
