Contract for Technology Transfer
Transferor: Shaanxi Suo'ang Biological Science & Technology Co., Ltd
Legal Representative: Ren Baowen
Address: 22F, Suite A, Zhengxin Building, No. 5, Gaoxin 1 st Road
Transferee: HanZhongWeiDa Commercial Company Limited
Address: F4 City Wuyi Building, Hanzhong
The undersigned Transferor and Transferee have agreed to close the following contract according to “Contract
Law of the People’s Republic of China”:
Name of Project: COPO Resin Parent Material
Obligation of Transferor:
(1). Transferor shall submit all technological data relating to COPO within 30 days when this contract
3. Obligation of Transferee:
(1). Transferee shall pay transferor RMB two million as royalty by installment plan as follows: 50% will be
charged on March 15 th in the first stage; 50% will be charged on April 15 th in the second stage. Two parties
shall agree as follows:
a. Transferee shall pay RMB one million to transferor within two and a half months after this contract takes effect.
(2). Transferee shall use this patented technology among the scope stipulated by this contract.
It is understood and agreed by the parties that all technological data relating to COPO shall remain strictly
confidential during the term of this contract.
5. Follow-up Improvement
New invention or patent based on this transferred technology shall belong to those who invent such invention or
patent during the course of implement of this contract except special promises between the parties.
6. L iability for Breach of Contract to Transferor
(1). Transferor shall return portion of or total charges as well as 5% penalty to transferee according to different
situations if transferor does not provide transferee with technologic data or guidance defined in this contract.
(2). Transferee shall have the right to cancell this contr