Exhibit 10.12


 


Project Construction Agreement


 


Party A: Investment Promotion Bureau of Fengyang County


 


Party B: Anhui Renrenjia solar energy Co., Ltd.


 


		1.	Basic project information



Name of the project:
Renrenjia flat panel solar power water heater system, air energy water heater system and ancillary products


Content of the project:
manufacture of flat panel solar power water heater system, air energy water heating system and ancillary products


Construction site:
Technology industry zone, Fucheng town, Fengyang County


Investment size:
Total investment amount should not be less than 1.2 billion Yuan, it is party B’s responsibility to raise the capital for
overall construction of project. The minimum investment amount per mu is 1.5 million Yuan.


Construction Period:
From May, 2013 to August, 2014.


 


		2.	Land use right transfer



		1)	According to the state’s regulations of the construction land of use, Land and resources
bureau of Fengyang County should transfer 500 mu of land to Party B for the project construction.



		2)	The nature of the land use is for industrial only, land use right is 50 years.



		3)	According to the regulations, land use right transfer has to go through tender, auction and listing
process in order to achieve paid transfer. Listing process applies for this industrial land at 56,000 per mu.



 


		3.	Party A’s rights and obligations



		1)	During the cooperation of both parties, Party A has the right to supervise Party B to fulfill its
obligations written in this agreement, and demand for correction if Party A found that Party B is not act according to its obligations.



		2)	In accordance with the regulations of the Fengyang County regarding helping Party B according to
its needs, Party A should help Party B in all aspects of the related administrative procedures, coordinate and solve the problems
occur during the construction period.



		3)	Before Party B starts construction, actively coordinate with local departments to lay the basic
infrastructures, such as water, electricity, gas and communication to the construction site.



		4)	Preferential policies: In coordinate with financial bureau of Fengyang County, the local retained
portion of the paid VAT and income tax by the Party B two years prior to move into the zone 100% pay back to the Party B. 50% of
the local retained portion of the paid VAT and income tax will reward to Party B in the next 3 years. 7 days after completion of
the main plant, the financial bureau will pay 46,000 Yuan per mu to Party B as the reward.



 






    	 



    	 



    

 


		4.	Party B’s rights and obligations



		1)	Within 30 days after signing this agreement, Party B has to submit the construction plan to for
feasibility study and approval.



		2)	Party B has to seriously in coordinate with the requests of the Fengyang County government, submit
project application, site selection, environmental analysis and project construction reports to County level development and reform
commission, land and resource bureau, environmental protection bureau and construction bureau, and obtain approval certifications.



		3)	Party B has to implement the construction plan in strict coordinate with the approved plan to ensure
the project complete on schedule.



 


		5.	Liabilities for breach of agreement



		1)	The construction should be postponed accordingly if it is caused or affected by Party A’s
work.



		2)	If Party B does not perform the obligations according to the agreement in the aspects of total
investment amount, investment density and completion date, Party B should not receive any preferential policies. If the project
discontinue, the land and resource bureau of Fengyang County will take back the land according to the law.



		3)	Party B should start construction according to the agreement, if not start in three months, Party
A will issue written notice, if the main plant has not yet start construction in six months after the starting date in this agreement,
and negotiation false, Party A has right to cancel this agreement.



 


		6.	Force Majeure



Due to the force
majeure or other incidents, this agreement can’t execute, agreed upon by both parties, this agreement can be terminated or
alter the related content.


 






    	 



    	 



    

 


		7.	Resolution of disputes



Disputes occurs
during the performance of this agreement can be settled by friendly negotiation. If the negotiation false, it would submit to Chuzhou
City arbitration institution for settlement.


 


	Party A:	 	Party B:
	 	 	 
	 	 	 
	Signature	 	Signature
	 	 	 
	 	 	 
	Seal	 	Seal


 


28/02/2013