Document:

ex10-1.htm

Exhibit 10.1

Sales Agreement

Party A:  Ningbo Solar Electric Power Co., Ltd., hereinafter referred to as the " Seller"

Party B: China Inc. hereinafter referred to as the" Buyer",  both Parties have concluded the Contract as follows:

1. THE SUBJECT OF THE CONTRACT

1.1           The Seller will sell and Buyer will buy solar panels in quantity according to separate Commercial Invoices which will be made out on each batch of goods. The goods under the given Contract will be loaded  at Ningbo Seaport, China on F.O.B Ningbo.

2. Commodity and specifications:

2.1       Solar Modules ( Mono-Crystalline)

TDB125 x125-72-P/165 Watt

TDB125 x125-72-P/170Watt

TDB 125x125-72-P/175 Watt

TDB 125x 125-72-P/180Watt

3. THE PRICE

3.1           The prices for the goods negotiate under the contract, are fixed in US dollars, F.O.B. and are specified in Commercial Invoices. Unit-price:$2.18/Watt. There are no minimum purchase requirements. Packing, loading, export customs charges are included into the price of the goods.

4. DELIVERY TERMS

4.1           Delivery of the goods is carried out by separate batches  according to the Commercial Invoices.

4.2           Seller will confirm the date of shipment to the Buyer by fax or email.

4.3           There are no minimum purchase requirement  for each Commercial Invoice.

5. PAYMENT TERMS

5.1           Payment of the goods is in US dollars, through bank transaction in amounts reflected on the Commercial Invoice.

6. PACKING, QUALITY OF THE GOODS

6.1.           The Goods should be shipped in the standard packing providing safety of the goods. Storage of goods is available at the seller's storage facility in the West Coast.

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6.2.            The Seller warrants the quantity of goods  specified in the Commercial Invoice.

7. DOCUMENTS REQUIRED

1. Original Packing list ; 2.Commercial Invoice.

8. FORCE-MAJEUR

8.1           The Parties are released from liabilities under this Contract, if the non-fulfillment

was caused by Force-Majeure, namely: fire, flood, earthquake, war and rumors of war.

8.2           Force Majeure also means other unforeseeable conditions that prevent the Seller

or the Buyer carry out the terms of this Contract.

9. ARBITRATION

9.1.           All disputes arise from this Contract will be first resolved by negotiation between the Parties.

9.2.            In case the Parties are unable to settle their disputes , they shall submit their disputes to a binding arbitration.  Arbitration proceeding shall be held in the State of Texas.

10. ADDRESSES  OF THE PARTIES

Seller:

Ningbo Solar electric Power Co., Ltd.,

No.211 Xing Guang Road, High-Tech Zone 315040

Ningbo, People's Republic of China

Buyer:

China Inc.,

12520 A1 Westheimer  #138 Houston, Texas 77077 U.S.A.

 

 

 

 

By:  /s/ Dong Yu Ming                                              By: /s/ Tian Jia

      Ningbo Solar Electric Power Co., Ltd.,                         China Inc.,

Date: July 2, 2009

2ex10-2.htm

Exhibit 10.2

ROYALTY AGREEMENT

 

This Royalty Agreement (this “ Agreement ”) is entered into as of January 15, 2010 (the “ Effective Date ”), by and between Graduate School, Tsinghua University (“ Licensor ”), and China Inc., (“ Licensee”).  Licensor and Licensee shall be referred to herein individually  as a “ Party” or collectively as the “ Parties”.

 

Definitions.

A.     “Net Revenues” means the gross amounts received from third parties in connection with the sale, use, sublicense or other disposition of a product in the United States, less any allowances taken for returns.

B.   "Effective Date" means the period commencing on the Effective Date January 15, 2010 and ending on the fifth anniversary of the Effective Date:  January 15, 2015.

RECITALS

 

WHEREAS, pursuant to the terms and conditions contained herein, Licensee agrees to pay royalties to Licensor for research and development of  all solar related products by licensee during the Term (as defined below); and

 

In consideration of the mutual promises and covenants contained herein and other good and valuable consideration, the Parties agree as follows:

 

1.            Terms of Royalty

(a)   Licensee shall pay to Licensor 1% of the net revenue to Licensor during the Term of this Agreement. The Royalties shall be payable annually within 45 days after the end of each calendar year. During the Term for the period commencing on the Effective Date and ending on the fifth anniversary of the Effective Date.

(b) With each Royalty payment, Licensee shall deliver to Licensor a written confirmation by an officer of Licensee certifying the annual net revenues  during the preceding year.  Licensor or its authorized representative could inspected the books and records during normal business hours  after  notice was given to the licensee.

2.  Promises and Covenants

(a) During the Term of this agreement, Licensor shall pay for all research and development expenses including research facilities, staff assistants and all expenses incidental to the development of new solar related products.

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(b) During the Term of this agreement, Licensee shall assist the Licensor in obtaining one U.S. Tourist Visa ( B1-B2)  for each calendar year. Licensor shall responsible for all travel related expenses in the United States.

3.   Successors and Assigns

This Agreement shall be binding upon the parties, their respective representatives, successors and assigns. Neither party may assign any of its rights or delegate any of its duties  without the prior written consent of the other party.

 

4.  Use of Third Party Manufacturers

Licensor agrees that Licensee may use third parties for the manufacture or distribution of solar panels including but not limited to Original Equipment Manufacturer(OEM) arrangements, Patent application and third parties certifications.

5.    Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without giving effect to principles of conflicts of laws.

6    Amendments

 

 

This Agreement and its provisions may be changed, amended, or modified by a written instrument executed by both parties.

7  Counterpart

 

 

 This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which shall together constitute one and the same instrument.

8.  Confidentiality

The parties acknowledge and agree that certain information pertaining to this Agreement, including information regarding research, technology, product developments, products,  constitutes confidential information. The parties without approval from the other party may not disclosed confidential information.

Licensor:  /s/ Bao Hua Li, Research Director                 Licensee:  /s/ Tian Jia, President

Graduate School at Shenzhen, Tsinghua University          China Inc.,

Tsinghua Campus, The University Town                         Houston, Texas

Shenzhen,  518055,  P.R. China

2ex10-3.htm

Exhibit 10.3

OEM  AGREEMENT

Party A: Himin Clear Energy Holdings Co., Ltd.,

Address: Sun-Moon Mansion, Solar Valley Road, Economic-development zone, Dezhou City, Shandong, PRC

Party B:  China Inc.,

Address: 12520 A1 Westheimer #138, Houston, Texas, 77077, U.S.A.

	
1.

	
INTERPRETATION

	  	
"OEM"

	
Original Equipment manufacturer (OEM) manufactures products or components that are purchased by a company retailed under the purchasing company's brand name.

	  	  	  
	  	
"Value-Added reseller"

	
means a company that adds features to an existing product, then resells it as an integrated product or complete "turn-key" solution.

	  	  	  
	  	
“Force Majeure”

	
means in relation to either party, any circumstances beyond the reasonable control of that party (including, without limitation, any strike, lock-out or other form of industrial action).

	  	
“Intellectual Property”

	
means any patent, copyright, registered design, trade mark or other industrial or intellectual property right subsisting in the Territory in respect of the Product, and applications for any of the foregoing.

	  	
“Territory”

	
means U.S.A and its territories in Guam, North Mariana Islands, Puerto Rico and U.S. Virgin islands.

 

	
2.

	
APPOINTMENT OF OEM  RESELLER

 

2.1  Party A agrees to appoint Party B as a value-added reseller ( OEM) in the United States and Its territories in Guam, North Mariana Islands, Puerto Rico and U.S. Virgin Islands.

 

2.2 Party A authorizes Party B to apply for OEM application through United Laboratories ( UL) and other certification agencies in the United States. Party B is responsible for all fees assessed by United Laboratories (UL) related to OEM application.

 

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2.3  Party A agrees to supply Party B for any existing solar panel products without any restriction on minimum order requirements.

 

2.4. Party A agrees to provide pricing, delivery and payments terms acceptable to Party B.

 

2.5. Party A agrees to provide Party B with access to the manufacturing facilities in China for  inspection  of goods and other arrangements.

 

	  	  

	
3

	
FORCE MAJEURE

	
3.1

	
If either party is affected by Force Majeure it shall forthwith notify the other party of the nature and extent thereof.

	
3.2

	
Neither party shall be deemed to be in breach of this Agreement, or otherwise be liable to the other, by reason of any delay in performance, or non-performance, of any of its obligations hereunder to the extent that such delay or non-performance is due to any Force Majeure of which it has notified the other party; and the time for performance of that obligation shall be extended accordingly.

	
3.3

	
If the Force Majeure in question prevails for a continuous period in excess of six months, the parties shall enter into bona fide discussions with a view to alleviating its effects, or to agreeing upon such alternative arrangements as may be fair and reasonable.

 

	
4.

	
ARBITRATION

	
4.1

	
Any dispute, controversy or claim arising out of or relating to this Agreement shall be settled by arbitration administered by American Arbitration Association in the State of Texas. The arbitration shall be the sole and exclusive forum for resolution of such dispute, controversy or claim, and the award rendered shall be final and binding. Judgment on the award rendered may be entered in any court having jurisdiction thereof.

	
5.

	
GOVERNING LAW

	
5.1

	
This Agreement shall be construed and governed in accordance with the laws in the State of Texas, U.S.A.

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6.

	
CONFIDENTIALITY

 

	
6.1

	
The parties acknowledge and agree that certain information pertaining to this Agreement, including information regarding research, technology, product developments, products,  constitutes confidential information. The parties without approval from the other party may not disclosed confidential information.

IN WITNESS WHEREOF this Agreement has been duly executed by the parties hereto on the date first written above.

 Date:  June 13, 2010

 

 

/s/ Guo Feng Ma

Himin Clean energy Holdings Co., Ltd.

/s/ Tian Jia

China Inc.,

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