Shengtai Power International, Inc.: Exhibit 10.10 - Prepared by TNT
Filings Inc.




  



	
     
	
    
    Exhibit 10.10




(English Translation) 


Technology Transfer Agreement 

( Patent Application Right) 


Project Name: Liquid Crystal Display
Television used Electricity Power Board and Power Changing Circuit 


Transferee ( Party A ): Shenzhen Sheng Tai
Industrial Co, Ltd 


Transferor ( Party B ): Ding Feng 


Signing Date: 3 April 2007 


Signing Place: Shenzhen Sheng Tai Industrial Co,
Ltd 


Term: Ten Years 


 

    
  



	
    
    Technology Transfer Agreement (Patent Application Right)




Technology Transfer Agreement 

(Patent Application Right) 


	Transferee ( Party A ):
    Shenzhen Sheng Tai Industrial Co, Ltd
	Legal Address: 9# XinHe
    XinXing Industial Zone, FuYongZhen, BaoAn District, Shenzhen
	Legal Representative: ZouDerong	 
	Project Contactor: ZhangHongdong	 
	Attention:	 
	Contacting Address: 9#
    XinHe XinXing Industial Zone, FuYongZhen, BaoAn District, Shenzhen
	Telephone: 0755-33679088	Facsimile: 0755-33850389
	Email: 
    szshengtai@vip.163.com	 
	 	 
	 	 
	Transferor ( Party B ): Ding Feng	 
	Address: 8E,B#,Shennan
    Garden, High-Tech Park, Nanshan District, Shenzhen
	Legal Representative:	 
	Project Contactor: DingFeng	 
	Attention:	 
	Contacting Address: 8E,B#,Shennan
    Garden, High-Tech Park, Nanshan District, Shenzhen
	Telephone:	Facsimile:
	Email:	 



Whereas Party B owns the design patent application of the LCD
TV used Electricity Power and the utility model patent application of the Power
Changing Circuit, Party A is willing to accept such patent application mention
above and to pay relevant amount of money for it. After friendly negotiation,
the Parties hereby entered into the following contract on an arm’s length basis.



Article 1. The basic information of the design patent application is as
below: 

1. 

the patent application right
belongs to the design patent and utility model patent application. 

2. 

inventor/ designer: Ding Fing


3. 

patent applier: Ding Fing 

4. 

applying date: 7th
March 2007, 13 February 2007 

5. 

patent applying NO.:
200730049019.6, 200720048687.1 


Article 2. Prior to the signing of this contract, the design patent
application was finished by the following means: Party B finished the design
paten and the utility model patent through his own effort at 8E,B#,Shennan
Garden, High-Tech Park, Nanshan District, Shenzhen in January 2007. 

2



	
    
    Technology Transfer Agreement (Patent Application Right)




Article 3. Party A shall ensure the performance of the
original technology transfer agreement after this contract come into force.
Party B’s rights and obligations under the original contract shall be assigned
to Party A since the effective date of this contract. 


Article 4. Party B shall present the following
technological materials to Party A so as to ensure Party A’s applying of the
patent: 

1. 

the schematic
diagram of the LCD TV used Electricity Power Board; 

2. 

the breadboard
of the LCD TV used Electricity Power Board; 

3. 

material list of
the LCD TV used Electricity Power Board; 

4. 

the relevant
facial structure dimension figure of the LCD TV used Electricity Power
Board; 

5. 

the testing
report and the performing index of the LCD TV used Electricity Power Board; 

6. 

the sample of
the LCD TV used Electricity Power Board; 


Article 5. The time, place and form for Party B to
present the technology materials to Party A is as below: 

1. 

time: 10 April
2007 

2. 

place: Shenzhen
Sheng Tai Industrial Co, Ltd. 

3. 

form: face to
face 


Article 6. Party B shall guarantee that his patent
application right does not infringe any third party’s rights and interests. In
case Party A was accused of infringement, Party B shall explain or modify and
taking relevant responsibilities. 


Article 7. The total amount paid to Party B by Party A
and the payment is paid as below: 

1. 

the total amount
for the patent application right transfer is: RMB 4,500,000. 

3



	
    
    Technology Transfer Agreement (Patent Application Right)




2. 

the payment will be paid by
installments: 

2.1 

RMB 500,000 will be paid in
advance on 23 April 2007 

2.2 

another RMB 3,000,000 will be
paid after the technology materials have been presented and the technology has
been proved practicable on 12 May 2007 

2.3 

another RMB 1,000,000 will be
paid on 12 May 2009 after the verification of the technology has been
industrialized. 

The full bank information of Party B is as below: 


	Name of the bank:	 
	Address:	 
	Account Number:	 



Article 8. The Parties hereby acknowledges that, after
the coming into effect of this contract, in case Party A’s patent application is
rebut by the patent authority of the State Council, Party B shall refund all the
payment unconditionally paid by Party A . 


Article 9. The confidential obligation under this contract is as below:


Party A: 

1. 

confidential
obligation (including technology information and operating information) : the
relevant technology information of such design patent and utility model patent
application and its economic turn out shall not be disclosed to any third party
other than Party B. 

2. 

the person bearing the
confidential obligation including: project technology managers, production
managers, quality managers and secretaries. 

3. 

the term of confidential: ten
years. 

4. 

liability of disclosing: in case
of disclosing, legal liabilities shall be claimed against relevant persons. 

Party B: 

1. 

confidential
obligation (including technology information and operating information) : the
relevant technology information of such design patent and utility model patent
application and its economic turn out shall not be disclosed to any third party
other than Party A. 

4



	
    
    Technology Transfer Agreement (Patent Application Right)




2. 

the person bearing the
confidential obligation including: DingFeng. 

3. 

the term of confidential: ten
years. 

4. 

liability of disclosing: in case
of disclosing, legal liabilities shall be claimed against relevant persons. 


Article 10. The Parties hereby acknowledges that: 

1. 

Party A is entitled to improve
and modify the patent transferred by Party B and all material or creative
improvements made thereof shall be owned by Party A. 

2. 

Party B is
entitled to improve and modify the patent after the transfer of the patent and
all material or creative improvements made thereof shall be owned by both Party
A and Party B. The exact distribution of benefits of the above patent and its
continuous improvements is that after the industrialization of the patent, Party
B is entitled to a deduct of 2 from the sales figures. 


Article 11. The Parties hereby acknowledges that within
the term of this contract, Party A appoints Mr. Zhang Hongdong as its project
contactor, Party B appoints Ding Feng as its project contactor. The
responsibilities of a project contactor is: 

1. 

to receive, sort out and
preserve relevant technology materials; 

2. 

to keep confidential of relevant
technical materials; 

3. 

to trace the industrialization
of the design patent. 

Whenever one party changes its project contactor, he shall notify the other
party in writing as soon as possible, otherwise he shall assume relevant
responsibilities. 


Article 12. The Parties hereby acknowledges that both
parties are entitled to terminate this contract under one of the following
circumstances, which might render the contract is unnecessary or impossible to
perform: 

1. 

force majeure; 

2. 

the design patent and the
utility model paten loses is no longer practicable due the development of the
science and technology. 


Article 13. Any disputes arise from
the performance of this contract shall be resolved through negotiation and/or
mediation. If negotiation and/or mediation fails, the parties agree to resolve
the disputes through the first method here below: 


5



	
    
    Technology Transfer Agreement (Patent Application Right)




1. 

to file the disputes to the
Arbitration Commission of Shenzhen BaoAn District; 

2. 

to file the case to relevant
court. 


Article 14. This contract shall be made in duplicate,
each copy of which is of same legal effect. This contract shall come into force
upon the stamped signature of both parties. 


Party A: Shenzhen Sheng Tai Industrial Co, Ltd 

Legal Representative/ Authorized Representative: Zou Derong (stamped
signature) 

Signing Date: 10th April 2007 


Party B: Ding Feng (stamped signature) 

Legal Representative/ Authorized Representative: Ding Feng (stamped
signature) 

Signing Date: 10th April 2007 

6