Exhibit 10.17

# TOMI FUJI ENERGY
MANAGEMETN SERVICES CONSULTANTS LIMITED

# Contract No.:
SCECCC0409-89ZL

This agreement is signed by the
following parties on 7 February, 2005

|                                      |                                                                                                                                       
|------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------
|Seller ("Party A"):
Address:          | TOMI FUJI ENERGY MANAGEMENT SERVCIES CONSULTANTS LIMITED
4/F., OMC Centre,
35-47 Tsing Yi Road, 
Tsing Yi, New Territories, Hong Kong.
|Buyer (Party
B):          
Address: | Versatech Group Limited 
9/F., Koon Wah Industrial Building,
132 Wai Yip Street, Kwun Tong,
Kowloon, Hong Kong.                       

It is hereby agreed as follows:-

# 1. Definition and
Interpretation

1.1      In this agreement, unless
the context otherwise requires:-

| | Agreementmeans
this Agreement including its schedules as may be amended from time to time;
| | --------------------------------------------------------------------------------------------

| | Business
Day means any day (other than a Saturday or a Sunday or a public holiday) on
which a local bank is open for business in Hong Kong;
| | ---------------------------------------------------------------------------------------------------------------------------------------------

| | Delivery
Date means the Date of Acceptance of Goods in good condition in accordance with
Clause 4.2;
| | ------------------------------------------------------------------------------------------------------

| | Energy
Saver(s) means the energy saver(s) described in Schedule I and includes all
accessories attached to it and all renewal and replacements of such accessories from time
to time;
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | HK$means
Hong Kong Dollars, the lawful currency of Hong Kong;
| | ---------------------------------------------------------------

| | "Hong
Kong" means the Hong Kong Special Administrative Region of the People's Republic of China;
| | ------------------------------------------------------------------------------------------------

| | Delivery
Place means the Premises at which the Energy Saver(s) is to be placed;
| | ---------------------------------------------------------------------------------

| | Insurance
Policy is defined in Clause 5.1;
| | --------------------------------------------

| | Premisesmeans
the Party Bs address or designated place;
| | ----------------------------------------------------------

| | Outstanding
Balance means the Selling Price less the aggregate amount of already paid by
Party B pursuant to Clause 2.2 and 2.3;
| | ----------------------------------------------------------------------------------------------------------------------------------

| | Selling
Price means the price indicated in clause 2.2 hereof.
| | ---------------------------------------------------------------

1.2      Unless a contrary intention
appears in this Agreement:-

| | (a) | person
include any natural person, association, firm, corporation, governmental
               authority and any entity whether or not a separate legal person;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | references
to clauses and schedules, if any, are to clauses of and schedules to                this
Agreement;
| | --- | --------------------------------------------------------------------------------------------------------------

---

2

| | (c) | the
singular includes the plural and vice versa and the masculine gender
               includes the feminine and neuter genders and vice versa;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------

| | (d) | the
headings are for reference only and should be ignored in construing this
               Agreement.
| | --- | ------------------------------------------------------------------------------------------------------

# 2.Price of
the Energy Saver(s)

2.1 Subject to the terms and
conditions set out in this Agreement, Party A agrees to sell to Party B, and Party B
agrees to purchase, the Energy Saver subject to satisfactory delivery of the Energy
Saver(s) at the Premises of Party B in accordance with Clause 4.

2.2      The Selling Price for the
Energy Saver shall be the sum of HK$13,079,559.00.

2.3      Party B unconditionally
agrees to pay the selling price to party A within 120 days of the Delivery Date.

2.4      Subject to Party B's
 acceptance of the Energy Saver  pursuant to Clause 4.2 below,  Party B's  obligation
 to pay the selling price or pay any other amount due under this Agreement is
absolute and unconditional and Party B may at no time withhold payment or claim any right
of suspension, set-off, defence or counterclaim in respect of such payments. Without
prejudice to the foregoing, payments due under this Clause 2 shall be paid irrespective
of any claim Party B may have against Party A in respect of any failure to achieve any
level of savings from the use of the Energy Saver.

2.5 Party B must pay all amounts due
under this Agreement free and clear of any taxes, deductions or withholdings of any
nature. If the payment of any taxes, deductions or withholdings are required by law,
Party B will pay Party A such additional amounts as may be necessary to ensure that Party
A receives not less than the amount that Party A would have received in the absence of
such taxes, deductions or withholdings.

2.6 Interest at the rate of 2% per
month shall be chargeable on any overdue amount up to but excluding the date of actual
payment of such overdue amount.

2.7 Failure to make any payment
within 7 days of Party As demand shall constitute a repudiatory breach of this
agreement.

# 3. Passing of Title to
Energy Saver and Risks

3.1    (i)        On delivery of the
Energy Saver risk in the Energy Saver shall forthwith pass to Party B; and

|(ii) | Party A will provide warranty and maintenance services for the Energy Saver
                    pursuant to a separate maintenance arrangement.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------

3.2 Title in the Energy Saver shall
not pass to Party B until all selling price and any payments due under clause 2 above
have been paid. Party A may if it so desires place upon any part of the Energy Saver a
name plate (including any serial numbers) or any other method of identification publicly
proclaiming the Energy Saver.

# 4. Delivery

4.1 Party A shall be responsible for
the delivery of the Energy Saver at the Delivery Place and shall ensure that the Energy
Saver is delivered in good working conditions and shall function properly.

4.2 The Energy Saver shall be
delivered to the Delivery Place at a date to be specified by Party B to Party A in
writing but in any event within 45 days from the date of this Agreement provided that
Party B shall give Party A not less than 14 days prior written notice of the
desired date of delivery of the Energy Saver.

4.3 Party B shall sign on a delivery
note as being in all respects satisfactory upon completion of the delivery.

---

3

# 5. Insurance

5.1 Party A confirms that the Energy
Saver(s) has been covered by insurance against any loss or damage due to system failure
with a maximum compensation of US$1 million for each claim (the Insurance Policy).
Party B shall be responsible for all other insurance.

# 6. Representation and
Warranties from Party A

6.1 Party A hereby represents,
warrants and undertakes with Party B that each of the warranties set out in this Clause
6.1 is true and accurate in all respects;

| | (a) | Party
A is duly incorporated and is validly existing under the laws of Hong Kong           and
has full power, authority and legal right to enter into this Agreement and           the
performance of this Agreement by Party A shall not contravene any laws and
          regulations of Hong Kong;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | the
use of the Energy Saver(s) at the Premises does not contravene any laws,
          regulations or guidelines issued by the competent authorities or bodies
          (including without limitation the company which supplies electricity to the
          Premises) in Hong Kong; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c) | the
Insurance Policy is currently in full force and effect and all insurance
          premiums which are due have been paid.
| | --- | -----------------------------------------------------------------------------------------------------------------------------

6.2 Party A shall fully indemnify
and keep the Party B indemnified against all actions, proceedings, claims, demands,
costs, damages, penalties and expenses (including without limitation legal costs on
indemnity basis) whatsoever arising as a result of the Party As breach of any of
the terms, representations and warranties under this Agreement, provided that no such
claims in respect of this indemnity shall affect Party Bs obligations to make
payments due under this Agreement pursuant to Clause 2 hereof.

# 7. Representations and
Warranties From Party B

7.1 Party B hereby represents,
warrants and undertakes with Party A that each of the warranties set out in this Clause
7.1 is true and accurate in all respects;

| | (a) | Party
B ensure that the Energy Saver is used in a skilful and proper manner and           by
persons who are competent to use the same;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------

| | (b) | prior
to full settlement of Selling Price to Party A, keep the Energy Saver at           all
times in the possession and control of Party B and not remove the same from           the
Premises, without the consent in writing of Party A;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c) | indemnify
Party A against all claims and demands made upon by reason of any loss           injury
or damage suffered by any person from the presence of the goods or the           use
thereof; and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d) | in
the event of default by Party B hereunder pay to Party A all expenses
          (including legal costs on a full indemnity basis) incurred by or on behalf of
          Party A in ascertaining the whereabouts of taking possession of preserving
          insuring and storing the Energy Saver and of any legal proceedings by or on
          behalf of Party A to enforce the provisions of this Agreement.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

# 8.
          Restriction on Alienation

8.1    Prior to full settlement of
Selling Price to Party A, Part B shall not

---

4

| | (a) | sell
assign sub-let pledge mortgage charge encumber or part with possession of           or
otherwise deal with the Energy Saver or any interest therein nor create nor
          allow to be created any lien on the same whether for repairs or otherwise;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | sell
mortgage charge demise sub-let or otherwise depose of any land or building           on
or in which the Energy Saver are kept or enter into any contract to do any of
          the aforesaid things without Party As prior written consent and party B
          shall in any event procure that any such sale mortgage charge demise sub-lease
          or other disposition as the case may be is made subject to the right of Party A
          to repossess the Energy Saver at any time pursuant to Clause 9 below.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

# 9. Termination

Party A shall be entitled to
terminate this agreement in the event Party B fails to comply with any of the terms of
this Agreement or repudiates the Agreement pursuant to Clause 2. In such event and
without prejudice to any other rights Party A may have at law, Party A may (at its
option) demand immediate payment of the Outstanding Balance together with all other sums
due hereunder and/or repossess the Energy Saver. For the purposes of repossessing the
Energy Saver, Party A may enter upon any land or building in, or upon which the Energy
Saver is located and sever any goods affixed thereto prior to its removal (whether or not
the Energy Saver or any part thereof shall have become affixed to the said land or
building).

# 10. No Waiver

10.1 No delay or failure on the part
of the parties in exercising any right or remedy under this Agreement shall impair the
right or remedy or operate as or be taken to be a waiver nor shall any single partial or
defective exercise of any such right or remedy preclude any other or further exercise
under this Agreement or that of any other right or remedy.

10.2 No purported waiver of any of
the rights or powers of the parties shall be valid unless it is made in writing and
signed by its authorized representatives.

# 11. Partial Invalidity

11.1 If at any time any one or more
of the provisions of this Agreement is or becomes illegal, invalid or unenforceable in
any respect under any law of any jurisdiction neither the legality, validity or
enforceability of the remaining provisions of this Agreement nor the legality, validity
or enforceability of such provisions under the law of any other jurisdiction shall be in
any way affected or impaired as a result.

# 12. Variation

12.1 Any addition, deletion or
amendment to any provision to or any right under this Agreement shall be in writing and
signed by the party or parties to be bound.

# 13. Entire Agreement

13.1 Save and except otherwise
agreed in writing, this Agreement contains the entire understanding and agreement
relating to the subject matters of this Agreement and supersedes any previous
representation, expression of intent or agreement.

# 14. Counterparts

14.1 This Agreement may be signed in
any number of copies or counterparts, each of which when so signed and delivered shall be
deemed an original, but all the counterparts shall together constitute one and the same
document.

---

5

# 15. Notices

15.1 Any notice or other
communication given, or to be given, pursuant to this Agreement shall be in writing, sent
or delivered to the following address or facsimile number:

|            |             |                                                                                 
|----------- | ----------- | --------------------------------------------------------------------------------
|to Party A: | Address:    | 4/F., OMC Centre, 35-47 Tsing Yi Road,
Tsing  Yi,  New  Territories,  Hong Kong.
|            | Fax number: | (852) 2578 5600                                                                 
|            | Attention:  | Eric Fung                                                                       
|to Party B: | Address     | 9/F., Koon Wah Industrial Building,
132 Wai Yip Street, Kwun Tong, Kowloon, HK  
|            | Fax number: | (852) 2787 6205                                                                 
|            | Attention:  | Derek Chung                                                                     

15.2 Any notice or other
communication shall be deemed to have been received if sent by facsimile, on the date of
transmission; or if delivered personally, when delivered; or if sent by post, 7 days if
overseas and 48 hours if local after the date of posting.

15.3 Reference in Clause 15.1 above
to writing shall include a notice or communication by facsimile.

# 16. Costs

16.1 Save as otherwise set out
herein, each party shall bear its own costs and expenses incurred in connection with this
Agreement and the Leasing.

# 17. Law and Jurisdiction

17.1This Agreement shall be governed
by and construed in accordance with the laws of Hong Kong and the parties hereto
irrevocably submit to the non-exclusive jurisdiction of the Hong Kong courts.

# 18. Assignment

Party A may at any time, without
notice to Party B, transfer, charge, sell or assign its rights under this Agreement or in
respect of any Monthly Installments or other moneys and benefits due or to become due
hereunder. This Agreement shall enure for the benefit of any successor in title or
assignee.

|                                                                                   |                                                
|---------------------------------------------------------------------------------- | -----------------------------------------------
|Party A: TOMI FUJI
ENERGY MANAGEMENT SERVCIES CONSULTANTS LIMITED                  | Party B: Versatech Group Limited               
|/s/ Eric Fung       
Name:      Eric Fung
Position:           
Position:  Director | /s/ Derek Chung
Name:    Derek Chung
Deputy CEO

---

6

# Schedule 1

# Eco-Pro Energy Saver(s)

`Product             Manufacturer               Model No.                Quantity        Delivery Schedule

 ECO-PRO ENERGY SAVER      TOMI FUJI ENERGY             ES 1250X                   ONE              Mar 2005
                        MANAGEMENT SERVCIES
                        CONSULTANTS LIMITED
 ECO-PRO ENERGY SAVER                                   ES 1000X                   TWO              Mar 2005
 ECO-PRO ENERGY SAVER                                   ES 220X                    SIX              Mar 2005
 ECO-PRO ENERGY SAVER                                   ES 250X                    TWO              Mar 2005
                                                         TOTAL                   ELEVEN`