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.


 






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	Party A: 	 	Party B:
	 	 	 
	/s/	 	/s/
    Quan Ji
	Signature	 	Signature
	 	 	 
	 	 	 
	 	 	/s/
    corporate chop
	Seal	 	Seal
	 	 	 
	28/02/2013	 	 


 


 


 


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