EXHIBIT 10.2
 

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Equity Transfer Agreement
 
Party A (Transferor 1): Wuhan Fengze Agricultural Science and Technology
Development Co., Ltd.
 
Party B (Transferor 2):  Hubei Hang-ao Servo-valve Manufacturing Technology Co.,
Ltd
 
Party C (Transferee):  Fawei Qiu
 
Party D (Transfer Target): Beijing Sanqiang Tongwei Electromechanical Hydraulic
Pressure Sci. & Tech. Development Co., Ltd
 
Party F (Witness):  Wuhan Aoxin Tianli Enterprise Investment Management Co., Ltd

WHEREAS, Party A legally owns 75% Equity of Party D, and Party B legally owns
25% Equity of Party D, and Party A and Party B voluntarily want to transfer 100%
equity of Party D to Party C; AND
 
WHEREAS, Party C agrees to accept the 100% equity of Party D; AND
 
WHEREAS, the Board of Shareholders of Party A and Party B also consent to
transfer 100% equity of Party D to Party C;
 
NOW, THEREFORE, in consideration of the foregoing premises and the friendly
negotiations among Party A, B, C, D and E the following equity transfer
agreement is entered in accordance with the principle of equality and mutual
benefit.
 
Section I Equity Transfer
 
 
1.
Party A and Party B consent to transfer 100% equity of Party D to Party C, Party
C agrees to accept the equity;

 
 
2.
The above-mentioned equity shall include all the attached interests and rights
under that equity, and shall be free and clear of (including, but not limited
to) all liens, pledges, encumbrances, charges, restrictions or known claims of
any kind, nature or description.

 
 
 

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3.
When the agreement takes effect, Party A and Party B shall not burden any
obligations and responsibilities for the operational management and claims and
Debts of Party D.

Section II Transferring Price and the Payment Methods
 
 
1.
Upon the terms and subject to the conditions of this Agreement, Party A agrees
to transfer the 75% equity of Party D to Party C at the price of RMB 18 million
Yuan, Party C agrees the price for the equity.

 
 
2.
Upon the terms and subject to the conditions of this Agreement, Party B agrees
to transfer the 25% equity of Party D to Party C at the price of RMB 6 million
Yuan, Party C agrees the price for the equity.

 
 
3.
Party C agrees to pay the purchase price within 7 days upon the execution of
this agreement to the bank accounts designated by Party A and Party B.

 
 
4.
Party A and Party B agree that Party C can start to process the business
registration upon the execution of this agreement.

 Section III Representations of Party A and Party B
 
 
1.
Party A and Party B are the exclusive owners of the transferring equity set
forth in Section I.

 
 
2.
As the Shareholder of Party D, Party A and Party B have fully implemented the
obligation of Capital Contribution to the Company’s Registered Capital.

 
 
 

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3.
From the effective date of the agreement, Party A and Party B shall fully quit
from the operations of Party D, and shall not have the rights of the
distribution of the assets, properties and profits.

 Section IV Representations of Party D
 
 
1.
Party C acknowledges and complies with the Amended Articles of Association of
Party D;

 
 
2.
Party C ensures to pay the purchase price in terms of the payment deadline and
method stipulated in Section II.

 
 
3.
Party C promises not to set up a company or join a company or involve in a
company which has competition relationships with Party B or the production and
selling of its products are related to the business secrets of Party B.
Meanwhile, Party C promises not to claim for any indemnification from Party A
and Party B in any form due to the non-competition restriction.

Section V Expense from the Equity Transfer
 
All the parties agree all the transferring fees and related expenses shall be
undertaken by Party C.

 Section VI Liability for Breach of Contract
 
 
1.
If any party violates or fails to implement any clauses of the agreement, the
breaching party should indemnify all the economic losses of the non-breaching
party;

 
 
2.
If party C fails to pay the equity purchase price timely according to the
regulations of Section II, party A and party B shall have the right to charge
the overdue fine at the rate of 5‰ per day commencing the date of the deadline
stipulated in Section II. When Party C pays the overdue fine, but the loss
caused to Party A and Party B is over the overdue fine, or other damages are
caused due to the breaching of Party C, it shall not impact Party A and Party B
to claim for the indemnification regarding to the excess portion between the
overdue fine and the loss and other damages.

 
 
 

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Section VII Confidentiality
 
All the parties shall have the obligations to keep confidential regarding each
party’s commercial information acquired during the performing of the agreement,
the confidentiality is still valid and effective upon the termination of the
agreement. Should any party violates the confidential clause and causes loss to
the other party, it should undertake all the charges and losses of the other
party.
 
Section VIII   Effective Clauses and Miscellaneous
 
 
1.
This agreement shall be effective upon the execution of Party A and Party B and
Party C.

 
 
2.
Any disputes caused by the implement of this agreement must be first settled by
Party A, Party B and Party C pursuant to the principle of friendly negotiations.
In case no such settlement can be reached, either party has the right to file
a suit to the People’s court where Party A is located. 

 
 
3.
This agreement is in quintuplicate, each of the parties holds one copy, and all
of which shall be deemed to be an original and share the same legal effect.

 
 
 

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(Signature Page)

Party A (Transferor 1): Wuhan Fengze Agricultural Science and Technology
Development Co., Ltd. (seal)
 
Legal Representative or agent:      (signature)
 
 
Party B (Transferor 2): Hubei Hang-ao Servo-valve Manufacturing Technology Co.,
Ltd (seal)
 
Legal Representative or agent:      (signature)
 

Party C (Transferee):  Fawei Qiu (signature)

November 10, 2014