AGREEMENT FOR COOPERATION
Exhibit
10.7
PART
A:
Con Yang
COUNTY
GOVERNMENT, ANHUI
PROVINCE CHINA
(CHINA
POWER INC)
PART
B:
CHINA POWER, INC. ( USA)
(CHINA
POWER INC)
CHINA
POWER, INC. (USA)’S AUTHORIZED GENERAL MANAGER XX.XXXX, ALONG WITH CON YANG
GOVERNMENT, ANHUI PROVINCE CHINA/VICE – GOVERNORS XX. XXXXXX XXXX, AND GOVERNORS
IN CON YANG COUNTY DEPARTMENTS, INCLUDE WITH : COUNTY DEVELOPMENT &
IMPROVEMENT COMMITTEE, DEVELOPMENT DISTRICT, INVESTMENT DEPARTMENT, FOREST
DEPARTMENT & ENVIRONMENT PROTECTION DEPARTMENT, ON OCT 25TH, HAVE VISITED
/INVESTIGATED IN FURTHER DEVELOPMENT, INVESTMENT AND CONSTRUCTION BY “ CHINA
POWER, INC. (US)” ON “ ANQIN AMERICA-CHINA GREEN-ENERGY CO. LTD. /CON YANG
BIOMASS ENERGY POWER PLANT/PROJECTS”, AND REACHED FURTHER AGREEMENT AND TERMS TO
EXECUTE MUTUALLY LEGALLY AS FOLLOWING:
1.
BIOMASS PROJECTS LANDS POSITION: CON YANG GOVERNMENT AGREE TO PROVIDE “ CHINA
POWER, INC. (USA)” WITH A TOTAL OF 200 MU LANDS ( 1MU = 667 SQ. METER) IN CON
YANG ECONOMIC INDUSTRY ZONE TO DEVELOP & CONSTRUCT THE BIOMASS ENERGY
PROJECTS AS DISCUSSED/AGREED (50 MW).
BIOMASS
PROJECTS LANDS USE RIGHTS
1.
PROJECTS LANDS : UPON FURTHER SIGNING “ LANDS RIGHTS AGREEMENT WITH CON YANG
COUNTY GOVERNMENT LAND & RESOURCES DEPARTMENT, IN 10 BUSINESS DAYS, CHINA
POWER, INC. ( USA) AGREES TO PAY OFF FOR ALL THE LANDS FEES AGREED WITH CON
YANG
GOVERNMENT.
2.
CON
YANG GOVERNMENT AGREES THAT UPON/AFTER CHINA POWER, INC. (USA) PAID FOR ALL
THE
LANDS FEES: IN 20 BUSINESS DAYS TO COMPLETE/DELIVERY TO CHINA POWER, INC. WITH
THE 200 MU LANDS RIGHTS /LEGAL CERTIFICATE.
3.
200 MU
LANDS RIGHTS FOR 50 YEARS
3.
LANDS
& BENEFITS: BIOMASS PROJECTS LANDS : CON YANG GOVERNMENT PROVIDE WITH
POLICIES SUPPORTS/BENEFITS: PRICE FOR PER MU LAND = 20,000 RMB; CON YANG
GOVERNMENT WILL PROVIDE/BENEFIT FOR 000 XXX PER MU LAND AS BENEFIT TO CHINA
POWER, INC.(USA) TO DEVELOP/CONSTRUCT THE BIOMASS ENERGY PROJECTS.
4.
BIOMASS PROJECTS: SCALES & COMPONENTS: PROJECTS ARE BIOMASSS ENERGY
PROJECTS; UPON COMPLETION CONSTRUCTION/DEVELOPMENT WILL HAVE THE DAILY CAPACITY
FOR 1000 TON BIOMASS PER DAY, POWER CAPACITY = 2 X 25 MW BIOMASS ENERGY
GENERATION, AND ELECTRICITY POWER WILL CONNECT/SALE TO STATE GRID (110 V) power
STATION locally.
5.
BIOMASS PROJECTS INVESTMENT SCALES: TOTAL INVESTMENT AS APPROXIATELY FOR 580
MILLIONS RMB, AND EXPECTED TO COMPLETION IN 2010. REGISTER CAPITAL $25 MILLIONS
USD.
6.
BIOMASS ENERGY PROJECTS REPORTS: WITH THE CON YANG GOVERNMENT SUPPORT, CHINA
POWER, INC. WILL PROVIDE WITH BIOMASS ENERGY PROJECTS (50 MW) DEVELOPMENT &
CONSTRUCTION FEASIBILITIES STUDY : WHICH SHOULD COMPLETED BY CHINESE GOVERNMENT
APPROVED ENERGY ENGNEERING FIRMS BEFORE JAN 31 2008.
7.
BIOMASS PROJECTS: POLICIES BENEFITS: CHINA POWER, INC. (USA) WILL HAVE THE
GOVERNMENT POLICIES SUPPORTS/BENEFITS, WHICH INCLUDED WITH “UPON BIOMASS
PROJECTS CONSTRUCTION COMPLETION: TAX BENEFITS: FIRST 1-2 YEARS: NO TAX AT
ALL;
3-5 YEARS: 50% DISCOUNTS /TAX RATE;
8.
BIOMASS: STRAW/RAW MATRIALS SUPPLY/BASE: CON YANG GOVERNMENT SUPPORT/ASSIST
CHINA POWER, INC. TO HAVE THE “BIOMASS/STRAW/RAW MATERIALS SUPPLY/BASE/LANDS FOR
50 YEARS RIGHTS/LEGAL RIGHTS, AND ALSO PROVIDE WITH STATE GOVERNMENT
POLICY/BENEFITS AND STATE GOVERNMENT POLICY SUPPORTS.
9.
BIOMASS PROJECTS DEVELOPMENT&CONSTRUCTION RIGHTS: CON YANG GOVERNMENT WILL
GURANTTE CHINA POWER, INC. (USA) WITH EXCLUSIVE RIGHTS TO INVESTMENT &
CONSTRUCTION & DEVELOPMENT FOR THE BIOMASS ENERGY PROJECTS (50 MW) AND ALSO
GURRANTTEE FOR THE BIOMASS/STRAW SUPPLIERS AND
STRAW BASE.
10.
BIOMASS PROJECTS EXECUTIONS: CON YANG GOVERNMENT WILL FORM SPECIAL TEAM TO
SUPPORT CHINA POWER, INC. TO HAVE ALL THE NECESSARY GOVERNMENTS
APPROVAL/PROCESSING FOR FURTHER CONSTRUCTION AND DEVELOPMENT FOR THE BIOMASS
ENERGY PROJECTS.
11.
THIS
AGREEMENT WILL BE EFFECTIVE IN 6 MONTHS/HALF YEARS UNTIL CHINA POWER, INC.
PROVIDE WITH “BIOMASS PROJECTS FEASIBILITIES STUDY, THEN BOTH PARTY WILL SIGN
FURTHER LONG-TERM AGREEMENT FOR EXECUTION ON BIOMASS ENERGY
PROJECTS.
THIS
AGREEMENT HAVE 5 ORIGIAL COPIES: PART A HAVE 2 ORIGIAL AND PART B HAVE 3
ORIGINAL. THIS AGREEMENT IS EFFECTIVE AS BOTH PARTIES SIGNED AND
SEALED.
| PART A: CON YANG GOVERNMENT | PART B: CHINA POWER, INC. (USA) | |||
| SIGNED AND SEALED | SIGNED/SEALED | |||
| (CHINA POWER INC) | ||||
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/s/
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/s/
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Name
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Name
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Title
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Title
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OCT.29TH
2007
