Document:

Exhibit 10.2

                                ESCROW AGREEMENT

         This Escrow Agreement (the  "Agreement"),  entered into as of this 25th
day of January,  2005,  is by and among  Basic  Empire  Corporation,  a Delaware
corporation (the  "Company"),  each of the purchasers of shares of the Company's
common stock (the "Shares")  identified below  (collectively,  the "Purchasers")
and Securities Transfer Corporation (hereinafter referred to as "Escrow Agent").

                                    RECITALS
                                    --------

         WHEREAS,  the  Company and the  Purchasers  have  entered  into a Stock
Purchase Agreement (the "Purchase  Agreement")  pursuant to which each Purchaser
has agreed to purchase  from the Company,  and the Company has agreed to sell to
each Purchaser, the number of Shares identified therein;

         WHEREAS,  pursuant to Section 3 of the Purchase Agreement,  the Company
and the  Purchasers  have  agreed  to  establish  an  escrow  on the  terms  and
conditions set forth in this Agreement;

         WHEREAS, the Escrow Agent has agreed to act as escrow agent pursuant to
the terms and conditions of this Agreement; and

         WHEREAS,  all capitalized  terms used but not defined herein shall have
the meanings assigned them in the Purchase Agreement which is attached hereto as
Exhibit A.

                                    AGREEMENT
                                    ---------

         NOW, THEREFORE,  in consideration of the mutual promises of the parties
and the terms and conditions hereof, the parties hereby agree as follows:

         1.  Appointment of Escrow Agent.  Each Purchaser and the Company hereby
appoints  Securities  Transfer  Corporation as Escrow Agent to act in accordance
with the  Purchase  Agreement  and the  terms and  conditions  set forth in this
Agreement, and Escrow Agent hereby accepts such appointment and agrees to act in
accordance with such terms and conditions.

         2.  Establishment  of Escrow.  The Purchase  Price for the  transaction
shall be deposited with the Escrow Agent in immediately  available funds by wire
transfer or cashiers check at Closing (the "Escrow Funds").

         3.  Segregation  of Escrow Funds.  The Escrow Funds shall be segregated
from the assets of Escrow Agent and held in trust for the benefit of the Company
and the Purchasers in accordance herewith.

<PAGE>

         4. Receipt and Investment of Funds.

         (a) Escrow  Agent  agrees to place the Escrow  Funds in a  non-interest
bearing and federally insured depository account. Subject to Section 7.3 hereof,
Escrow Agent shall have no liability for any loss  resulting from the deposit of
the Escrow Funds.

         (b) The Escrow  Agent shall  cause to be prepared  all income and other
tax returns and reports that the Escrow  Agent,  in its sole  discretion,  deems
necessary or advisable in order to comply with all tax and other laws, rules and
regulations  applicable  to the Escrow  Funds.  The parties agree to provide the
Escrow  Agent with  certified  tax  identification  numbers for each  individual
entitled to distributions  from the Escrow Fund by furnishing  appropriate forms
W-9 (or  Forms  W-8,  in the case of  non-U.S.  persons)  and  other  forms  and
documents that the Escrow Agent may  reasonably  request within twenty (20) days
after the date of such request.

         5. Escrow Termination Date; Disbursement of the Escrow Funds.

         This  Agreement  shall  terminate  upon (i)  receipt of written  notice
signed  by  the  Company  and  each  Purchaser  confirming  the  filing  of  the
Registration  Statement  relating  to the  Shares  required  to be  filed by the
Company  under the Purchase  Agreement,  (ii)  disbursement  of the  Chinamerica
Expenses (as defined below), (iii) disbursement of the Program Escrow Agreement,
and (iv) disbursement of the Remaining Balance (the "Escrow  Termination Date");
provided  however,  that the Escrow  Termination  Date may be  extended by joint
written  instructions  to Escrow Agent signed by the Company and each Purchaser.
On the Escrow  Termination  Date,  Escrow Agent shall  disburse the Escrow Funds
less the Program Funds (i.e.  $250,000) under the Purchase Agreement and less up
to $15,000 in expenses  payable to  Chinamerica  Fund,  LLP  ("Chinamerica")  or
Chinamerica's  managing  partner  upon  submission  by such  entity of a written
expense  report  (the  "Chinamerica  Expenses"),  and release the balance in the
amount of  $735,000,  to the  Company as set forth in Section 2 of the  Purchase
Agreement  (the  "Remaining  Balance").  The Program  Funds shall be held by the
Escrow Agent pending  execution of a separate escrow  agreement among the Escrow
Agent,  the Company and each Purchaser  providing for disbursement of such funds
(the "Program Escrow Agreement"). Upon the Escrow Termination Date all of Escrow
Agent's  liabilities  and  obligations in connection with the Escrow Funds shall
terminate

         6. Interpleader.  Should any controversy arise among the parties hereto
with  respect to this  Agreement  or with  respect  to the right to receive  the
Escrow  Funds,  Escrow Agent shall have the right to consult  counsel  and/or to
institute an  appropriate  interpleader  action to  determine  the rights of the
parties.  Escrow Agent is also hereby  authorized  to  institute an  appropriate
interpleader  action upon receipt of a written  letter of direction  executed by
the parties so directing  Escrow Agent. If Escrow Agent is directed to institute
an appropriate  interpleader action, it shall institute such action not prior to
thirty (30) days after  receipt of such letter of  direction  and not later than
sixty  (60)  days  after  such  date.  Any  interpleader  action  instituted  in
accordance  with  this  Section  6 shall  be filed  in any  court  of  competent
jurisdiction  in Dallas  County,  Texas,  and the portion of the Escrow Funds in
dispute  shall be deposited  with the court and in such event Escrow Agent shall
be relieved of and discharged from any and all obligations and liabilities under
and pursuant to this Agreement with respect to that portion of the Escrow Funds.

                                                                          Page 2

<PAGE>

         7. Exculpation and Indemnification of Escrow Agent.

         (a) Escrow Agent is not a party to, and is not bound by or charged with
notice of any  agreement  out of which this escrow may arise.  Escrow Agent acts
under this  Agreement as a depositary  only and is not  responsible or liable in
any manner whatsoever for the sufficiency,  correctness, genuineness or validity
of the subject  matter of the escrow,  or any part  thereof,  or for the form or
execution of any notice given by any other party hereunder,  or for the identity
or authority of any person  executing any such notice or  depositing  the Escrow
Funds.  Escrow  Agent will have no duties or  responsibilities  other than those
expressly set forth herein. Escrow Agent will be under no liability to anyone by
reason of any failure on the part of any party hereto  (other than Escrow Agent)
or any maker,  endorser  or other  signatory  of any  document  to perform  such
person's or entity's  obligations  hereunder or under any such document.  Except
for this  Agreement and  instructions  to Escrow Agent  pursuant to the terms of
this  Agreement,  Escrow Agent will not be obligated to recognize  any agreement
between  or among any or all of the  persons  or  entities  referred  to herein,
notwithstanding its knowledge thereof.

         (b) Escrow  Agent will not be liable for any action taken or omitted by
it, or any action  suffered by it to be taken or  omitted,  in good faith and in
the exercise of its own best judgment, and may rely conclusively on, and will be
protected in acting upon, any order, notice, demand,  certificate, or opinion or
advice  of  counsel  (including  counsel  chosen by  Escrow  Agent),  statement,
instrument,  report or other paper or document (not only as to its due execution
and the validity and  effectiveness of its provisions,  but also as to the truth
and  acceptability  of any information  therein  contained)  which is reasonably
believed  by Escrow  Agent to be genuine  and to be signed or  presented  by the
proper person or persons.  The duties and  responsibilities  of the Escrow Agent
hereunder shall be governed  solely by the express  provisions of this Agreement
and no other or further duties or responsibilities shall be implied,  including,
but not limited to, any obligation  under or imposed by any laws of the State of
Texas upon fiduciaries.

         (c) Escrow Agent will be  indemnified  and held  harmless,  jointly and
severally,  by the Company  and the  Purchasers  from and against any  expenses,
including  reasonable  attorneys'  fees and  disbursements,  damages  or  losses
suffered by Escrow Agent in connection  with any claim or demand,  which, in any
way,  directly or indirectly,  arises out of or relates to this Agreement or the
services of Escrow Agent  hereunder;  except,  that if Escrow Agent is guilty of
willful misconduct,  fraud or gross negligence under this Agreement, then Escrow
Agent will bear all losses, damages and expenses incurred by it, the Company and
each Purchaser,  arising as a result of such willful misconduct,  fraud or gross
negligence.  Promptly  after the  receipt by Escrow  Agent of notice of any such
demand or claim or the commencement of any action,  suit or proceeding  relating
to such demand or claim,  Escrow Agent will notify the other  parties  hereto in
writing.  For the purposes  hereof,  the terms "expense" and "loss" will include
all  amounts  paid or  payable  to  satisfy  any  such  claim or  demand,  or in
settlement of any such claim,  demand,  action,  suit or proceeding settled with
the express written  consent of the parties hereto,  and all costs and expenses,
including,  but not limited to,  reasonable  attorneys' fees and  disbursements,
paid or incurred in investigating or defending  against any such claim,  demand,
action,  suit or proceeding.  The provisions of this Section 7 shall survive the
termination of this Agreement.

                                                                          Page 3

<PAGE>

         8.  Compensation of Escrow Agent.  The Company will pay Escrow Agent an
amount equal to Escrow Agent's  standard fee schedule for all services  rendered
by Escrow Agent hereunder. A copy of the Escrow Agent's standard fee schedule is
attached hereto as Exhibit B.

         9.  Resignation  of Escrow Agent.  At any time,  upon twenty (20) days'
written  notice to the Company,  Escrow Agent may resign and be discharged  from
its  duties  as  Escrow  Agent  hereunder.  As soon  as  practicable  after  its
resignation,  Escrow Agent will promptly  turn over to a successor  escrow agent
appointed  by  the  Company  all  monies  and  property  held   hereunder   upon
presentation  of a document  appointing  the new escrow agent and evidencing its
acceptance  thereof.  If, by the end of the twenty (20) day period following the
giving of notice of resignation  by Escrow Agent,  the Company shall have failed
to appoint a successor  escrow  agent,  Escrow Agent may  interplead  the Escrow
Funds into the registry of any court having jurisdiction.

         10. Method of Distribution by Escrow Agent. All disbursements by Escrow
Agent to a party to this  Agreement will be made by wire transfer of immediately
available funds to an account  designated in writing by the party to receive any
such payment.

         11.  Records.  Escrow  Agent  shall  maintain  accurate  records of all
transactions  hereunder.  Promptly after the termination of this Agreement or as
may  reasonably be requested by the parties hereto from time to time before such
termination,  Escrow Agent shall provide the parties hereto, as the case may be,
with a complete copy of such records, certified by Escrow Agent to be a complete
and accurate account of all such transactions. The authorized representatives of
each of the  parties  hereto  shall have access to such books and records at all
reasonable  times during normal business hours upon reasonable  notice to Escrow
Agent.

         12. Notice. All notices,  communications  and instructions  required or
desired to be given under this  Agreement must be in writing and shall be deemed
to be duly  given  if sent by  registered  or  certified  mail,  return  receipt
requested, or overnight courier to the following addresses:

     If to Escrow Agent:    Securities Transfer Corporation
                            2591 Dallas Parkway, Suite 102
                            Frisco, Texas 75034
                            Attention: Kevin Halter

     If to the Company:     Basic Empire Corporation
                            Room 511, 5 Floor, Wing On Plaza
                            62 Mody Road, Tsim Sha Tsui, KL, Hong Kong
                            Attention: Chang Yu

     If to the Purchasers:  Addresses as set forth on the signature page hereto

or to such other address and to the attention of such other person as any of the

                                                                          Page 4

<PAGE>

above may have  furnished  to the other  parties in  writing  and  delivered  in
accordance with the provisions set forth above.

         13.  Execution  in  Counterparts.  This  Agreement  may be  executed in
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.

         14.  Assignment  and  Modification.  This  Agreement and the rights and
obligations  hereunder of any of the parties hereto may not be assigned  without
the prior written consent of the other parties hereto. Subject to the foregoing,
this  Agreement  will be  binding  upon and inure to the  benefit of each of the
parties hereto and their respective  successors and permitted assigns.  No other
person will acquire or have any rights under,  or by virtue of, this  Agreement.
No portion of the Escrow  Funds shall be subject to  interference  or control by
any creditor of any party hereto, or be subject to being taken or reached by any
legal or equitable process in satisfaction of any debt or other liability of any
such party  hereto  prior to the  disbursement  thereof to such party  hereto in
accordance with the provisions of this Agreement.  This Agreement may be changed
or modified only in writing signed by all of the parties hereto.

         15.  APPLICABLE  LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE  WITH THE LAWS OF THE STATE OF TEXAS  APPLICABLE TO CONTRACTS MADE
AND TO BE PERFORMED  THEREIN,  EXCEPT THAT THE PORTIONS OF THE TEXAS TRUST CODE,
SECTION 111.001, ET SEQ. OF THE TEXAS PROPERTY CODE, CONCERNING FIDUCIARY DUTIES
AND  LIABILITIES  OF  TRUSTEES  SHALL NOT APPLY TO THIS  AGREEMENT.  THE PARTIES
EXPRESSLY  WAIVE SUCH DUTIES AND  LIABILITIES,  IT BEING THEIR  INTENT TO CREATE
SOLELY AN AGENCY RELATIONSHIP AND HOLD THE ESCROW AGENT LIABLE ONLY IN THE EVENT
OF ITS WILLFUL MISCONDUCT, FRAUD, OR GROSS NEGLIGENCE. ANY LITIGATION CONCERNING
THE SUBJECT  MATTER OF THIS  AGREEMENT  SHALL BE  EXCLUSIVELY  PROSECUTED IN THE
COURTS OF  DALLAS  COUNTY,  TEXAS,  AND ALL  PARTIES  CONSENT  TO THE  EXCLUSIVE
JURISDICTION AND VENUE OF THOSE COURTS.

         16.  Headings.  The  headings  contained  in  this  Agreement  are  for
convenience  of  reference  only and shall not affect the  construction  of this
Agreement.

         17.  Attorneys'  Fees. If any action at law or in equity,  including an
action for declaratory relief, is brought to enforce or interpret the provisions
of this Agreement,  the prevailing party shall be entitled to recover reasonable
attorneys' fees from the other party,  which fees may be set by the court in the
trial of such action or may be enforced  in a separate  action  brought for that
purpose,  and which fees shall be in  addition  to any other  relief that may be
awarded.

                                                                          Page 5

<PAGE>

         IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the date set forth opposite their respective names.

COMPANY:                                         BASIC EMPIRE CORPORATION

                                                 By:
                                                    ----------------------------
                                                 Its:
                                                     ---------------------------

ESCROW AGENT:                                    SECURITIES TRANSFER CORPORATION

                                                 By:
                                                    ----------------------------
                                                 Its:
                                                     ---------------------------

PURCHASERS:                                      PURCHASERS:

                                                 -------------------------------

                                                 Address
                                                        ------------------------

                                                 -------------------------------

                                                 -------------------------------

                                                 -------------------------------

                                                 -------------------------------

                                                 -------------------------------

                                                 Address
                                                        ------------------------

                                                 -------------------------------

                                                 -------------------------------

                                                 -------------------------------

                                                 -------------------------------

                                                 -------------------------------

                                                 Address
                                                        ------------------------

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                                                                          Page 6

<PAGE>

                                    EXHIBIT A
                                    ---------
                               PURCHASE AGREEMENT

                                                                          Page 7

<PAGE>

                                    EXHIBIT B
                                    ---------
                              STANDARD FEE SCHEDULE

                                                                          Page 8Exhibit 10.4

                                License Agreement

Party A ("Licensor"): Chang Yu

Party B ("Licensee"): Harbin Pacific Dragon Fertilizers Co. Ltd.
Legal Representative: Chang Yu

Pursuant to  Contract  Law of People's  Republic of China,  the parties  through
mutual  negotiations  hereby  enter into this  Agreement,  under  which  Party A
licenses  Party B to use the production  process and formula of the  proprietary
technology of "Tailong" Lvlingbao liquid compound fertilizer ("Technology").

1.   Name  of the  Technology:  production  process  and  formula  of  "Tailong"
     Lvlingbao liquid compound fertilizer.
2.   Methods and scope:  Party A authorizes  Party B to use the  Technology  for
     free in its production and business activities.
3.   Term:  from the date on which Party A licenses  Party B the  Technology  to
     December 31, 2009.
4.   Obligations of Party A:
     (a)  Party A should  continue to provide the materials and  instruction  of
          the Technology after this Agreement takes into effect;
     (b)  Party A undertakes  that Party A is the legal owner of the  Technology
          and does not use on his own or  license  the  Technology  to any other
          party except Party B;
     (c)  During  the term of this  agreement,  Party A shall  not  provide  the
          Technology to any third party or use the Technology himself,  and keep
          the confidentiality of the Technology.
5.   Obligations of Party B:
     (a)  Party B shall not misappropriate the Technology in connection with any
          illegal activities;
     (b)  Party B shall keep the Technology confidential during the term of this
          agreement and after the expiration of the term of this Agreement.
6.   In the event that a Party  breaches the Agreement and causes damages to the
     other Party, the breaching party should be obligated to compensate.
7.   In the event a dispute  arises  between  Party A and Party B in  connection
     with the  implementation  of this Agreement,  the Parties shall settle such
     dispute through friendly  consultations.  If the consultation fails to lead
     to an  agreement,  either  party can bring a lawsuit  to a  People's  court
     having jurisdiction.
8.   This agreement shall become effective as of the date when both parties sign
     and/or  affix seals to it.
9.   This agreement  consists of two originals.  Party A and Party B each retain
     one copy with the same legal effect.

Party A: (signature)

Party B: Pacific Dragon Fertilizers Co. Ltd, (seal)

January 6, 2005

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