Exhibit 10.11


 


Investment Contract


 


Party A: Guzhen County government


 


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


 


		1.	Project overview:



		1)	Name of the Project: According
                                         to the name of the industrial and commercial registration



		2)	Content of Project: Annual production
                                         of 100,000 sets of flat panel solar power water heater systems and air energy water heater
                                         systems



		3)	Total Investment: 320 million
                                         Yuan, 230 million Yuan for fixed assets among it



 


		2.	Land



		4)	Location and area: the project
                                         is located in the Economic development zone of Guzhen County, the total area is 150 Mu.



		5)	The use of land, nature and years:
                                         the land use for industrial only, transfer term is 50 years, industrial type is machinery
                                         manufacture.



		6)	Obtain method: Party B obtains
                                         the land by tender, auction and listing procedures, the land transferring fee is no less
                                         than 56,000 Yuan per mu.



		7)	Payment: Party B pays the land
                                         transferring fee according to the <contract of assignment of use right of state owned
                                         land>



 


		3.	Project construction



		8)	Construction period: 12 months.
                                         The construction has to start before April 31, 2014, and complete before April 31, 2015,
                                         and pass the acceptance check by the party appointed by Party A. But if Party A fails
                                         to transfer the land on time or delayed by administrative procedure, the construction
                                         period should postpone accordingly.



		9)	Investment density: no less than
                                         1.5 million Yuan per mu.



		10)	Planning indicators: Party B
                                         should plan the construction according to the regulations, and promise all construction
                                         indicators will meet the guidance set by the Guzhen government. The building volume rate
                                         no less than 1.0



		11)	Sales: Party B promises the annual
                                         taxable sales no less than 100 million Yuan after the completion and fully operation
                                         of the project.



		12)	Arranged tax: After fully operation
                                         of the project and first complete fiscal year, achieve 7 million tax payable, after fully
                                         completion of the project, achieve tax paying 100,000 per mu.



 


		4.	Project Company



		13)	Within 10 days after signing
                                         this contract, Party B shall appoint representatives or entities to establish 3 project
                                         companies in the region where the project locate, the registration capital for each is
                                         20 million Yuan.



		14)	Party B promises that during
                                         the construction period, without writing consent of Party A, the project companies can
                                         not deduct the registration capital or transfer the shares of the companies or delist
                                         the companies.



 






    	 



    	 



    

 


		5.	Party A’s rights and obligations






		15)	Party A is responsible for supervising
                                         the execution of this contract



		16)	Assisting Party B for administrative
                                         procedures, such as projecting, energy assessment, environment assessment, commerce registration
                                         and tax registration, all costs related to these procedures will be paid by party B.



		17)	Party shall protect Party B’s
                                         lawful rights and interests.



		18)	Guzhen County government appointed
                                         County party committee office as the coordinator on this project to assist development
                                         zone administrative committee to carry out the obligations for both parties.



		19)	Other agreements






		a)	When Party A put the land on listing,
                                         150 mu of land will be divided into three equally pieces, and list separately, the three
                                         companies will pick its own. Within 7 days after the company paid its picking taxes,
                                         Party A is responsible to conduct the land use certification for Party B.



		b)	Party B can plan for office building
                                         and public facilities on the land, but the overall area of these facilities can not exceed
                                         7% of the total land area of the project.



 


		6.	Party B’s rights and obligations



		20)	Party B shall complete the construction
                                         of the project and acceptance check according to the contract.



		21)	After the fully operation of
                                         the project, sales and tax contribution should meet the requirements of the contract.



		22)	Party B shall conduct all related
                                         approval procedures in order to insure the project accord with environmental protection,
                                         safety production, fire control, air defense, energy consumption, earthquake, meteorology
                                         and traffic standards requested by the government.



		23)	Party B accepts the supervision
                                         by Party A for all obligations related to this contract.



		24)	Other agreements: within 7 days
                                         after signing this contract, Party B shall pay 500,000 Yuan cash deposit into the designated
                                         account appointed by Party A, after the completion of the project, Party A shall return
                                         the cash deposit to Party B.



 


		7.	Preferential policies






		25)	Preferential policies agreed
                                         by both parties



		a)	Party B shall enjoy the preferential
                                         policies listed on <Regulations regarding promote investments from outer regions>



		b)	The 150 mu of land will list separately,
                                         the first 90 mu will complete the listing process within 4 months after the official
                                         start of construction, the remaining 60 mu will complete the listing process within 10
                                         months from the start of construction.



		c)	Within 20 days after Party B complete
                                         the land pick of the first 90 mu of land, Party A shall compensate the Party B with 4.1
                                         million Yuan to support its development. Within 20 days after Party B complete the land
                                         pick of the remaining 60 mu of land, Party A shall compensate 2.8 million Yuan to support
                                         its development.



 



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		d)	100% of the County retain portion
                                         of taxes will give back to Party B to support its development for the first three years
                                         starting from the first fiscal year that Party B realize taxes. 50% of the County retain
                                         portion of taxes will give back to Party B to support its development for 4 years after
                                         the first three years.



		e)	Among the projects that invested by
                                         the government, if the government projects demand the same products, at same price, same
                                         quality standard and under the lawful bidding process, the government shall select the
                                         products provided by Party B.



		f)	Agreed upon by both parties, Party
                                         B shall not to enjoy the preferential policies regarding land use and taxation listed
                                         in the <Regulations regarding promote investments from outer regions>.






		26)	If the state government adjust
                                         the financial policy that affect the preferential policies mentioned in this contract,
                                         both parties shall negotiate new preferential policies based on the new policies issued
                                         by the State government.



 


		8.	Layout adjustment



		27)	Party B realizes the regulations
                                         about the overall industrial land layout plan of the Guzhen County, and accepts the adjustments
                                         if the government decides to change the layout plan.



		28)	If the project interference with
                                         the overall development zone land layout and nearby towns land layout, both parties shall
                                         terminate this contract.



 


		9.	Liabilities for breach the contract






		29)	If party A violates this contract
                                         by not hand over the land on time, Party A shall pay all the damage cost to Party B.



		30)	If party B violates this contract,
                                         Party A shall prosecute Party B for liabilities of breach the contract.



		31)	If Party B violates one of the
                                         following clauses, Party A has the right to cancel partial or all the preferential policies
                                         enjoyed by Party B, take back the land or terminate the contract and pursue liabilities
                                         of Party B.






		a)	Party B violates the construction
                                         time and schedule;



		b)	Party B violates the planning standards;



		c)	The total investment amount is not
                                         reached;



		d)	The total sales amount is not reached;



		e)	The total taxes collectable amount
                                         is not reached.






		32)	If party B changes the use of
                                         land without government authorization, Party A has the right to terminate this contract.



		33)	If party B transfers the project
                                         to other entities without written consent by Party A, party A has the right to terminate
                                         the contract.



 


		10.	Disclaim of rights and transfer



		34)	Once the contract is signed,
                                         either party can not transfer the rights and obligations to others without written consent.



 






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		11.	Force Majeure



		35)	If force majeure happens, either
                                         party shall submit the report to explain the situation and show the certification of
                                         majeure from related departments.



 


		12.	Changes



		36)	If the State government changes
                                         the overall industrial policies, both parties has the right to terminate the contract
                                         without liability of breach.



 


		13.	Location of signing place



		37)	The contract shall be sign in
                                         Guzhen County.



 


		14.	Apply the law



		38)	This contract is applicable to
                                         the laws and regulations of the People’s Republic of China.



 


		15.	Confidential agreement



		39)	Both parties shall obey the confidential
                                         obligation to all the materials, documentations and terms mentioned in this contract.



 


		16.	Settlement of disputes



		40)	During the term of this contract,
                                         both parties shall negotiate the disputes that occurred. Or the disputes can be settled
                                         in following ways:



		a)	Apply for arbitration to Bengbu arbitration
                                         committee;



		b)	Bring the lawsuit to the People’s
                                         court.



 


		17.	Others



		41)	Other matters not mentioned in
                                         this contract, both parties shall sign supplemental agreement.



		42)	This contract contains 7 pages.



		43)	All clauses in this contract
                                         may need to attach to the <State own land transfer agreement>.



		44)	This contract goes into effect
                                         after signed and stamped by both parties, and after Party B paid the cash deposit according
                                         to the agreement.



		45)	These are 6 copies of this contract,
                                         2 copies for both parties, rest are for administrative use.



 


	Party A	 	Party B
	 	 	 
	/s/ (corporate chop)	 	/s/ (corporate chop)
	Signature	 	Signature
	 	 	 
	Date: 10/04/2014	 	Date: 10/04/2014


 


 


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