Exclusive Technical Consulting and Services Agreement between Beijing Ao Hang Construction Material Technology Co., Ltd. and Beijing Xin Ao Concrete Co., Ltd.
Exclusive
Technical Consulting
and
Services Agreement
between
Beijing
Ao Hang Construction Material Technology Co., Ltd.
and
Beijing
Xin Ao Concrete Co., Ltd.
This
Exclusive Technical Consulting and Services Agreement (the
“Agreement”)
is made
and entered into on the date of November
__28__,
2007
between the following two parties in Beijing:
Party A: |
Beijing
Ao Hang Construction Material Technology Co.,
Ltd.
|
Legal
Address:
|
1701
Yingu Mansion, Xx. 0 Xxxxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx,
Xxxxx.
|
Party
B:
|
Beijing
Xin Ao Construction Co.,
Ltd.
|
Legal
Address:
|
Jia
1 San Tai Shan Xxxxxxxxxxx Xxxxxxx Xxxxxxxx Xxxxxxxx, Xxxxxxx,
Xxxxx.
|
WHEREAS:
1.
|
Party
A, a wholly foreign-owned enterprise organized in People’s Republic of
China (the “PRC”) under the Laws of the PRC, owns resources to provide the
technical consulting and services.
|
2.
|
Party
B, a limited liability company registered in the PRC and is approved
by
the competent governmental authorities to carry on the business of
concrete
manufacturing;
|
3.
|
Party
A agrees to provide Party B with technical consulting and related
services, and Party B agrees to accept such technical consulting
and
services provided by Party A;
|
NOW
THEREFORE,
the
parties through mutual negotiations agree as follows:
1. |
Technical
Consulting and Services;
Exclusivity
|
1.1
|
During
the term of this Agreement, Party A agrees to, as the exclusive technical
consulting and services provider of Party B, provide the exclusive
technical consulting and services to Party B set forth on Appendix
1.
Party A further agrees that, during the term of this Agreement, it
shall
not provide any technical consulting and services to any other third
parties without Party B’s prior written consent, with the exception to the
affiliates of Party B.
|
1.2
|
Party
B hereby agrees to accept such exclusive technical consulting and
services
provided by Party A. Party B further agrees that, during the term
of this
Agreement, it shall not accept any third parties to provide such
technical
consulting and services for such above-mentioned business without
the
prior written consent of Party A.
|
1.3
|
Party
A shall be the sole and exclusive owner of all right, title and interests
to any and all intellectual property rights arising from the performance
of this Agreement, including but not limited to, copyrights, patent,
know-how, trade secrets and others no matter whether it is developed
by
Party A or by Party B based on Party A’s intellectual property
right.
|
2. |
Calculation
and Payment of the Fee for Technical Consulting and Services (the
“Fee”)
|
The
parties agree that the Fee under this Agreement shall be determined according
to
the terms set forth in Appendix 2.
3. |
Representations
and Warranties
|
3.1
|
Party
A hereby represents and warrants as
follows:
|
3.1.1
|
Party
A is a company duly registered and validly existing under the Laws
of the
PC;
|
2
3.1.2
|
Party
A has the power, has been duly authorized by all necessary action,
and has
obtained all third party and governmental consents and approvals
to
execute and perform this Agreement. The execution, delivery and
performance of this Agreement and does not and will not result in
any
violation of enforceable or effective laws or contractual
limitations;
|
3.1.3
|
the
Agreement constitutes a legal, valid and binding obligation of Party
A,
enforceable against it in accordance with its terms upon
its execution.
|
3.2
|
Party
B hereby represents and warrants as
follows:
|
3.2.1
|
Party
B is a company duly registered and validly existing under the Laws
of the
PRC and is licensed to engage in the business of the information
service
on the value-added communication
services.
|
3.2.2
|
Party
B has the company power, within the business scope, has been dully
authorized by all necessary action, has been obtained all consents
and
approvals from any third parties and governments to execute and perform
this Agreement, and do not and will not result in any violation of
enforceable or effective laws or contractual
limitations.
|
3.2.3
|
the
Agreement constitutes its legal, valid and binding obligation of
Party B,
enforceable against it in accordance with its terms upon
its execution.
|
4. |
Confidentiality
|
4.1
|
Party
B agrees to use all reasonable means to protect and maintain the
confidentiality of Party A’s confidential data and information
acknowledged or received by Party B by accepting the exclusive consulting
and services from Party A (collectively the “Confidential
Information”).
Party B shall not disclose or transfer any Confidential Information
to any
third party without Party A’s prior written consent. Upon termination of
this Agreement, Party B shall, at Party A’s
request, return all and any documents, information or software contained
any of such Confidential Information to Party A or destroy it and
delete
all such Confidential Information from any memory
devices.
|
4.2
|
The
parties agree that this Article 4 shall survive no matter whether
this
Agreement is amended, cancelled or
terminated.
|
5. |
Indemnity
|
Party
B
shall indemnify and hold harmless Party A from and against any loss, damage,
obligation and expenses arising out of any litigation, claim or other legal
procedure against Party A arising out of the performance of this
Agreement.
6. |
Effectiveness
and Term
|
6.1
|
This
Agreement shall be executed and come into effect as of the date first
set
forth above. The term of this Agreement is ten (10) years, unless
earlier
terminated as set forth in this Agreement (the “Term”). Party A and Party
B shall review this Agreement every three (3) months to determine
whether
any amendment or supplement to the Agreement is necessary after
considering the circumstances.
|
3
7. |
Termination
|
7.1
|
Termination;
extension
|
This
Agreement shall terminate automatically upon expiration of the Term, and may
be
extended only if Party A gives its written consent of the extension of this
Agreement before the expiration of this Agreement. The parties shall, through
negotiations, determine the extension term.
7.2
|
Early
Termination
|
During
the Term, Party B may not terminate this Agreement except in the case of gross
negligence, fraud or other illegal acts or bankruptcy of Party A.
Notwithstanding the foregoing, Party A may terminate this Agreement at any
time
with a written notice to Party B thirty (30) days before such
termination.
7.3
|
Survival
|
All
rights and obligations under Article 4 and Article 5 shall survive after the
termination of this Agreement.
8. |
Dispute
Resolution
|
The
parties shall strive to settle any dispute arising from the interpretation
or
performance in connection with this Agreement through friendly consultation.
In
case no settlement can be reached through consultation, each Party can submit
such matter to China International Economic and Trade Arbitration Commission
(the “CIETAC”)
for
arbitration in Beijing under the current effective rules of CIETAC. The
arbitration proceedings shall be conducted in Chinese. The arbitration award
shall be final and binding upon the parties and shall be enforceable in
accordance with its terms.
9. |
Force
Majeure
|
9.1
|
Force
Majeure, which includes, but not limited to, acts of governments,
acts of
nature, fire, explosion, typhoon, flood, earthquake, tide, lightning
or
war, means any event that is beyond the party’s
reasonable control and cannot be prevented with reasonable care.
However,
any shortage of credit, capital or finance shall not be regarded
as an
event of Force Majeure. The affected party who is claiming to be
not
liable to its failure of fulfilling this Agreement by Force Majeure
shall
inform the other party, without delay, of the approaches of the
performance of this Agreement by the affected
party.
|
9.2
|
In
the event that the affected party is delayed in or prevented from
performing its obligations under this Agreement by Force Majeure,
only
within the scope of such delay or prevention, the affected party
will not
be responsible for any damage by reason of such a failure or delay
of
performance. The affected party shall take appropriate means to minimize
or remove the effects of Force Majeure and attempt to resume performance
of the obligations delayed or prevented by the event of Force Majeure.
After the event of Force Majeure is removed, the parties agree to
resume
performance of this Agreement with their best
efforts.
|
10. |
Notices
|
All
notices or other communications provided for hereunder shall be written in
English and Chinese and shall be personal delivery or by registered or postage
prepaid mail, recognized courier service or facsimile transmission to the
address of the relevant party or parties set forth below.
4
If
to Party A:
|
Beijing
Ao Hang Construction Material Technology Co., Ltd.
|
1701
Yingu Mansion, Xx. 0 Xxxxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx,
Xxxxx.
|
|
If
to Party B:
|
Beijing
Xin Ao Concrete Co., Ltd.
|
Jia
1 San Tai Shan Xxxxxxxxxxx Xxxxxxx Xxxxxxxx Xxxxxxxx, Xxxxxxx,
Xxxxx.
|
11. |
Assigns
|
Party
B
may not assign its rights and obligations under this Agreement to any third
parties without the prior written consent of Party A.
12. |
Severability
|
If
any
provision contained in this Agreement is held invalid or unenforceable under
applicable, such provision shall be invalid or unenforceable as to such
jurisdiction and the remaining provisions hereof shall not be in any way
impaired.
13. |
Amendment
and Supplement
|
Any
amendment and supplement of this Agreement shall be effective only if it is
made
in writing and signed by the parties hereto. The amendment and supplement duly
executed by the parties shall be part of this Agreement and shall have the
same
legal effect as this Agreement.
14. |
Governing
Law
|
This
Agreement shall be governed by and construed in accordance with the laws of
the
PRC.
15. |
Miscellaneous
|
This
Agreement is executed in English.
IN
WITNESS WHEREOF,
the
parties hereto have caused this Agreement to be duly executed by their
representatives hereunto duly authorized as of the date first
set
forth above written.
5
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text
on this page]
By:
|
|
Party
A : Beijing
Ao Hang Construction Material Technology Co., Ltd.
Representative:
Weili He
Party
B: Beijing
Xin Ao Concrete Co., Ltd.
Representative:
Xxxxxx Xxx
6
Appendix
1: The list of Technical Consulting and services
Party
A
shall provide Party B with the following technical consulting and
services:
1.
|
New
Material Ingredient Formula
|
2.
|
New
Material Related Computer Software
|
3.
|
Production
and Management
|
4.
|
Technical
Consulting and Guidance
|
7
Appendix
2: Calculation and Payment of the Fee for Consulting and
Services
Party
B
shall pay a consulting service fee in amount of its net profit after tax per
year to Party A. However, Party A has the right, from time to time, to adjust
the consulting service fee according to the quantity of the consulting service
provided to Party B.