Document:

Unassociated Document

    
      

      Exhibit
10.1

      

      Contract
No. LHJN-002-08

      

      Processing
Contract for the Complete Equipment Installation of Drip Fertilizer

      

      Party A:
Shaanxi Techteam Jinong Humic Acid Products Co., Ltd.

      Party B:
Xi’an Kingtone Information Co., Ltd

      

      NOW,
THEREFORE, in consideration of the Contract Law of People’s Republic of China as
well as relevant regulations and provisions, and through mutual friendly
negotiation, both Parties hereto enter into the agreement as follows
(“Contract”):

      

      
        	
                I

              	
                Name
      of the complete sets of Equipment

              

      

      The
process and complete equipment design, manufacturing and installation of the
production line of compound liquid fertilizer with the annual capacity of 30,000
tons;

      

      
        	
                II

              	
                Processing
      Method

              

      

        Designing,
manufacturing, installation and debugging (including training) of the production
line of the compound liquid fertilizer;

      

      
        	
                III

              	
                Price

              

      

         Total
amount: RMB 4 million, that is RMB four million (refer to the Contract
List)

      

      
        	
                IV

              	
                Quality
      Requirement

              

      

      
        
          	
                	
                  1.

                	
                  Capacity:
      5 tons per hour drip fertilizer
      powder

                

        

      

      
        
          	
                	
                  2.

                	
                  Homogeneous
      degree: CV≤5%

                

        

      

      
        
          	
                	
                  3.

                	
                  Manufacturing
      in accordance with the specification, type and quality standard per the
      Contract List

                

        

      

      
        
          	
                	
                  4.

                	
                  The
      Equipment and pipelines are painted into Party B’s standard
      color.

                

        

      

      
        
          	
                	
                  5.

                	
                  The
      design of equipment; manufacturing and supply of the complete equipment
      and auxiliary material; the installation and debugging of the entire
      equipment.

                

        

      

      
        
          	
                	
                  6.

                	
                  The
      piping material, wind pipe, dust pipe, material hopper, square material
      pipe etc shall be manufactured and installed in accordance with Party A’s
      design.

                

        

      

      
        
          	
                	
                  7.

                	
                  Electrical
      device shall be supplied and installed in accordance with the design
      requirements (excluding the installation of lighting
    device)

                

        

      

      
        
          	
                	
                  8.

                	
                  Manufacturing
      and installing the platform, guardrail, ladder, supporters, etc per the
      design requirements.

                

        

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      

      
        	
                V

              	
                Duration
      of the Project

              

      

      
        
          	
                	
                  1.

                	
                  Party
      B shall enter the working site of Party A and conduct the installation
      within 60 days after receiving Party A’s prepayment and installation
      notice for conducting the civil engineering upon signing the
      contract.

                

        

      

      

        Installation
term: 25 days; 20 days for installation and 5 days for debugging.

      

      
        	
              	
                2.

              	
                Adjournment
      for the term of project: Shall the following events happen, the term of
      project can be adjourned accordingly upon party A’s approval in
      writing:

              

      

      

      
        	
              	
                1)

              	
                In
      the event of eight hours stoppage due to the consecutive blackout during
      the installation and debugging, the project term can be postponed one
      day;

              

      

      
        	
              	
                2)

              	
                Fail
      to timely supply the installing material by Party A (refer to the appendix
      for the installing material)

              

      

      
        	
              	
                3)

              	
                Fail
      to carry out the work (installation and debugging) due to Party
      A

              

      

      
        
          	
                	
                  4)

                	
                  Force
      Majeure (earthquake, sever weather, fire, flood, government policies and
      etc.)

                

        

      

      
        
          
            
              	
                    	
                      3.

                    	
                      Party
      B shall submit a written report to Party A within 3 days upon the above
      events, and the representative of Party A must reply within three days to
      Party B. Otherwise, Party B shall regard Party A’s non-response as the
      confirmation of adjournment by Party
A.

                    

            

          

        

      

       

      
        
          	
                  VI.

                	
                  Method
      and terms of payment

                

        

      

      
        
          	
                	
                  1.

                	
                  Method
      of payment: telegraphic transfer. Party A shall pay the amount to the bank
      account officially stipulated by Party
B.

                

        

      

      
        
          	
                	
                  2.

                	
                  Terms
      of payment:

                

        

      

      
        
          	
                	
                  1)

                	
                  Party
      A shall prepay 20% of the contract price within ten days upon signing the
      contract, that is RMB eight hundred thousand (RMB
  800,000)

                

        

      

      
        
          	
                	
                  2)

                	
                  Party
      A shall pay 65% of the contract amount to Party B prior to the delivery,
      that is RMB two million six hundred thousand (RMB
    2,600,000)

                

        

      

      
        
          	
                	
                  3)

                	
                  Party
      A shall pay 10% of the contract amount, that is RMB four hundred thousand
      (RMB 400,000) upon receiving the full amount of invoice (including 17%
      VAT) provided by Party B after the installation and
    debugging

                

        

      

      
        
          	
                	
                  4)

                	
                  Party
      A shall 5% of the contract amount, which will be the guarantee fee, that
      is RMB two hundred thousand (RMB 200,000), shall be pay off 6-month of
      successful running after the
acceptance.

                

        

      

      

      
        	
                VII 

              	
                Method
      and cost of Transportation

              

      

      

      Party B
shall be liable to the cost of transportation. The equipment will be delivered
to the factory of Shaanxi Techteam Jinong Humic Acid Products Co., Ltd by
car..

      

      
        	
                VIII 

              	
                Party
      A’s Responsibilities

              

      

      
        	
                1.

              	
                Construct
      the major factory workshops and frames according to the Party B’s design
      requirements.

              

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      
        	
                2.

              	
                Upon
      delivery of the equipments, Party A shall assist Party B to unload the
      equipments and appropriately manage
them.

              

      

      
        	
                3.

              	
                Provide
      a lockable warehouse for Party B during the installation period to store
      important and portable equipments.

              

      

      
        	
                4.

              	
                Provide
      free construction sites, working and drinking water. Install electricity
      meters at the cost of Party A.

              

      

      
        	
                5.

              	
                Arrange
      ____  operation workers of important positions to study with the
      shifts at the installation period and assist to do some side works, as
      well as being trained for free.

              

      

      
        	
                6.

              	
                Connect
      the electricity on time. Prepare the raw materials on time and arrange
      workers to make experiments with full
load.

              

      

      

      IX      Party
B’s Responsibilities

      

      
        	
                1.

              	
                Party
      B is responsible for setting up all required tools on the site and
      appropriately managing all equipments on the
  site.

              

      

      
        	
                2.

              	
                Abide
      by all regulations or rules of Party A at the construction period. The
      construction and technical staffs are responsible for their own
      accommodations and foods.  Party A shall provide
      assistance.

              

      

      
        	
                3.

              	
                Pay
      electricity fee to Party A based on the real usage and local
      rate.

              

      

      
        	
                4.

              	
                Train
      relevant operation staffs without any cost on Party
  A.

              

      

      
        	
                5.

              	
                Provide
      after-sales service. The quality warranty period of the equipments and
      installation is 1 year after acceptance, but no longer than 18 months upon
      delivery. Party B should provide relevant free substitute equipments or
      parts. Party B is responsible for all costs or lost of Party A because of
      the quality issue during the quality warranty period. Party B can charge
      Party A on the maintenance costs for other reasons. Party B shall provide
      all lifetime maintenance service.

              

      

      
        	
                6.

              	
                When
      quality issue or operation issue comes up, Party B shall respond and
      arrive at the site to fix the issues within 48 hours after receiving the
      call from Party A.

              

      

      
        	
                7.

              	
                Party
      B shall abide by safety regulations strictly to make sure the construction
      work is carried out safely and in a good manner. Party B is responsible
      for the body safety and other safety duties of all its working
      staffs.

              

      

      
        	
                8.

              	
                Party
      B shall work, manufacture, install, and debug by using its technologies
      and equipments according to the technical requirements of the Contract.
      Party B shall accept the inspections or supervising from Party
      A.

              

      

      

      X      Responsibility
for breach of contract

      
        
          	
                  1.

                	
                  Party
      B shall compensate Party A  RMB 500 per day in the event of
      failing to complete the installation and debugging within stipulated
      time.

                

        

      

      
        
          	
                  2.

                	
                  In
      the event Party A fails to pay the contract amount in accordance with the
      Contract, the overdue amount will be regarded as the late fee and
      calculated by 3% per day. Meanwhile, Party A shall not use the
      equipment.

                

        

      

      
        
          	
                  3.

                	
                  In
      the event of failing to complete the project in due time due to Party A’s
      fault, Party A shall compensate RMB 500 per day to Party B. Provided that
      the accumulated stoppage has exceeded 30 days, Party B has the right to
      withdraw its staffs from the working site until the working condition is
      ensured by Party A.

                

        

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      
        
          	
                  4.

                	
                  In
      the event of failing to conduct the load debugging after 20-day successful
      unload debugging due to the fault of Party A, Party A shall pay the
      remaining contract amount first and notify Party B for load debugging when
      condition is ready, and pay Party B the travel expanse. In the event of
      failing to be on site within 7 days upon receiving the notice from Party
      A, Party B shall bear the travel
expense.

                

        

      

      
        
          	
                  5.

                	
                  In
      the event of failing to meet the capacity and quality requirements due to
      Party B’s design faults in specification and type, Party B shall replace
      the disqualified equipment without charge and the project term shall not
      be adjourned.

                

        

      

      
        
          	
                  6.

                	
                  Party
      A shall organize the acceptance work in one week after receiving Party B’s
      acceptance notice. If not, the work can be regarded as accepted. In case
      of using the equipment to produce by Party A prior to acceptance and
      permission, it is assumed that Party A accepts the work and the guarantee
      period starts from that day.

                

        

      

      
        
          	
                  7.

                	
                  In
      the event of breaching the contract by any party, the party shall assume
      the responsibility and losses to the other
  party.

                

        

      

      

      XI     Settlement
of disputes

      

                 Any
dispute arising out of, or in connection with the Contract, shall be first
settled by both Parties hereto through mutual negotiation in good faith. In case
no successful settlement is reached thereby, either party hereto may file a law
suit to local People’s Court with jurisdiction.

      

      XII       Others

      

      
        	
                1.

              	
                Party
      A shall be liable to the civil
engineering.

              

      

      
        	
                2.

              	
                In
      the event of losses caused by the force majeure, Party B shall be
      responsible for the losses to the equipment and Party A shall be
      responsible for the project.

              

      

      
        	
                3.

              	
                Party
      B shall submit three copies of the as-built material to Party A within ten
      days upon acceptance.

              

      

      
        	
                4.

              	
                Party
      B enters the factory to construct the project. Both parties sign the
      construction safety agreement.

              

      

      
        
          	
                  5.

                	
                  The
      project contract lists and technology flow charts, as the attachments of
      the Contract, have the same legal validity as the
  Contract.

                

        

      

      

      XIII         For
other issues not mentioned in the Contract, both parties can have a supplemental
agreement after negotiation that will have the same legal validity as the
Contract after both parties sign or seal it.

      

      XIV         The
Contract shall have four copies, two copies for each party. The Contract shall
enter into force upon signature or sealed by two parties. The contract lists
have the same legal validity as the Contract.

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      

      Party
B:

      Xi’an
Kingtone Information Co., Ltd.(Seal)

      

      Party
A:

      Shanxi
TechTeam Jinong Humic Acid Products Co., Ltd.(Seal)

      

      Date of
Signing up: June 19, 2008

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      

      Acceptance
Report

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	
                                      Name
      of the Project

                                    	 
      	
                                      Processing
      Contract for the Complete Equipment of Drip
      Fertilizer

                                       

                                    
	
                                      Consigner
      (Party A)

                                    	 
      	
                                      Shaanxi
      Techteam Jinong Humic Acid Products Co., Ltd

                                       

                                    
	
                                      Consignee
      (Party B)

                                    	 
      	
                                      Xi’an
      Kingtone Information Co., Ltd

                                       

                                    
	
                                      Scope
      of the Acceptance

                                    	 
      	
                                      1.    Consistence
      of the production line design, manufacturing and supply of the complete
      equipment and auxiliary material, installation and debugging with the
      processing Contract and Contract List.

                                      Capacity:
      5 tons per hour

                                       

                                      Homogeneous degree:
      CV≤5%

                                        
      

                                      2.    Consistence
      of the piping material, wind pipe, dust pipe, material hopper, square
      material pipe etc with Party A’s design.

                                      3. 
       Whether the electrical device is supplied and installed in
      accordance with the design requirements (excluding the installation of
      lighting device)

                                      4.  
      Whether the platform, guardrail, ladder, supporters etc are manufactured
      and installed per the design requirements.

                                       Whether
      the application software is complete.

                                      5.  
      Whether the drawings and materials are complete and updated.

                                      6.  
      Whether the components and spares are completed.

                                      7.  
      Whether the training has achieved the expected results.

                                      8.  
      Whether the project term is met per the Contract.

                                    
	
                                      Conclusion

                                    	 
      	
                                      All
      items above are satisfying upon initial acceptance and trial operation.
      Agreed to the final acceptance and the official operation can be
      conducted.

                                       

                                    
	
                                      Party
      A

                                    	 
      	
                                      /s/
      Yan Zhuang       Date:
      6/20/2009

                                       

                                    
	
                                      Party
      B

                                    	
                                        

                                    	
                                      /s/
      Peng Zhang       Date:
      6/20/2009Exhibit
10.2

    

    Contract
for Phase II Extension of Integrated & Wireless Pipeline
Control

    System
of Shaanxi Techteam Jinong Humic Acid Products Co., Ltd

    

    
      	 
      	
              Contract
      No.: LHJN-08-08

            
	 
      	
              Signing
      at:  Xi’an

            
	 
      	
              Date:
      2008-10-20

            

    

    

    Party A:
Shaanxi Techteam Jinong Humic Acid Products Co., Ltd

    Party B:
Xi’an Kingtone Information Co., Ltd

    

    NOW,
THEREFORE, in consideration of the mutual promises, covenants as well as
agreements made by the Parties herein through mutual friendly negotiation on
issues in respect of Party A’s Phase II expansion of integrated pipeline control
system, both Parties hereto agree as follows:

    

    I Project
Description and Cost

    

    1.
Project Description (see Technology Agreement for details)

    

    (1)
Developing the automatic systematic software for production line of Phase II;
establishing an integrated computer network for the wireless automatic control
and management; achieving the in-house and wireless automatic control and
management on data collection and production.

    

    (2)
Reforming the automatic system for the former production line of Phase I so as
to adapt to the control and management system of Phase II.

    

    (3)
Responsible for the supply, installation and test of the transmitter, adjusting
valve, O-type electrical ball valve, flow meter, level gauge, resistance
temperature and site meters in the drawings of this project.

    

    (4) Party
B shall be liable to purchase and assort all wires & cables, cable tray,
pipeline, mobile device and other necessary materials.

    

    (5) The
official operation of all devices mentioned above can be conducted upon
installation, test, technical service and after-sales service. At least twelve
months after-sales service shall be guaranteed.

    

    2.
Project Cost

    The total
cost of this project shall be five million and two hundred thousand RMB (¥5,200,000.00).

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    Cost
Break-down:

    
      
        
          
            
              	
                      Cost
      Break-down for Phase II Project

                    
	
                      Project
      No.

                    	 
      	 
      	
                      Currency:
      RMB

                    
	
                      No.

                    	
                      Project
      Name

                    	
                      Quantity

                    	
                      Unit

                    	
                      Price

                    	
                      Notes

                    
	
                      I.
      Mobile & Wireless Control and Management

                    
	
                      1

                    	
                      Mobile
      Control and Management

                    	
                      1

                    	
                      set

                    	
                      200,000

                    	 
      
	
                      II.
      Audio Monitoring

                    
	
                      1

                    	
                      Audio
      Monitoring

                    	
                      1

                    	
                      set

                    	
                      280,000

                    	 
      
	
                      III.
      Control System

                    
	
                      1

                    	
                      Control
      System

                    	
                      1

                    	
                      set

                    	
                      980,000

                    	 
      
	
                      IV.
      Meter

                    
	
                      Meter
      (Phase I)

                    	 
      	 
      	 
      	 
      	 
      
	
                      1

                    	
                      Radar
      hydraulic gauge

                    	
                      9

                    	
                      set

                    	
                      216,000

                    	 
      
	
                      Meter(Phase
      II)

                    	 
      	 
      	 
      	 
      	 
      
	
                      1

                    	
                      Integrated
      Temperature Control

                    	
                      18

                    	
                      set

                    	
                      99,000

                    	 
      
	
                      2

                    	
                      Pressure
      Gauge

                    	
                      20

                    	
                      set

                    	
                      14,000

                    	 
      
	
                      3

                    	
                      Intelligent
      Pressure Transmitter

                    	
                      2

                    	
                      piece

                    	
                      18,000

                    	 
      
	
                      4

                    	
                      Electromagnetic
      Flowmeter

                    	
                      33

                    	
                      piece

                    	
                      495,000

                    	 
      
	
                      5

                    	
                      Radar
      (magnetic flap.) Level Gauge

                    	
                      15

                    	
                      piece

                    	
                      380,000

                    	 
      
	
                      6

                    	
                      Electrical
      Ball Valve

                    	
                      39

                    	
                      piece

                    	
                      663,000

                    	 
      
	
                      7

                    	
                      UPS

                    	
                      2

                    	
                      piece

                    	
                      15,000

                    	 
      
	
                      V.
      Main Installing Material

                    
	
                      1

                    	
                      Main
      Installing Material (Phase I)

                    	
                      1

                    	
                      item

                    	
                      300,000

                    	 
      
	
                      2

                    	
                      Main
      Installing Material (Phase II)

                    	
                      1

                    	
                      item

                    	
                      600,000

                    	 
      
	
                      VI.
      Project Cost

                    
	
                      1

                    	
                      Installing
      Fee (Phase I)

                    	
                      1

                    	
                      item

                    	
                      80,000

                    	 
      
	
                      2

                    	
                      Electric
      Reforming Fee( Phase I)

                    	
                      1

                    	
                      item

                    	
                      100,000

                    	 
      
	
                      3

                    	
                      Installing
      Fee (Phase II)

                    	
                      1

                    	
                      item

                    	
                      760,000

                    	 
      
	
                      Total

                    	
                      5,200,000

                    	 
      

            

          

        

      

    

    

    II.
Quality requirements, technical standards, terms and conditions: the entire project must be
conducted and produced in accordance with the requirements of Technology
Agreement and relevant national industrial standards. Party B shall be liable to
grant 12 months’ warranty period since the project running and provide a life
long warranty to all meters. Party B shall dispatch the personal to deal with
the issues on site within 24 hours since Party A’s calling or lodge a proposal
for Party A’s approval.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    III
Delivery time, place and manner: The duration of this project
is two months as of the validation of this contract. The delivery/acceptance
check place is the site of Shaanxi Techteam Jinong Humic Acid Products Co., Ltd,
to be specifically designated by Party A. Party B shall also install and test
the equipment under the time frame instructed by Party A.

    

    IV
Transportation and Logistic fees (trucks): Vehicle transportation; such
expenses as transportation and logistic fee are included in the contract
price.

    

    V Packing
requirement, supply and recycle of the packing material: binding package; all
packing materials are non-recycle.

    

    VI Place,
standards and method of acceptance: The check and acceptance
work is conducted in accordance with the quality standards of the contract,
Technology Agreement and relevant national standards for
acceptance.

    

    VII
Payment, Settlement and Installment, Invoice date: 30% prepayment of the
project within ten days upon validation of this contract; 30% total amount of
the project within ten days as of delivering the devices to the appointed place
and satisfying acceptance of device; 30% total amount of the project within ten
days upon satisfying acceptance of the project; the rest 10% will be regarded as
the guarantee fee and paid off after the project successfully runs one year
without problems.

    

    VIII In
the event Party A requires to increase or decrease the workload after the
validation of the contract herein, the project can be carried out on the basis
of the changed design or Party A’s alternation. Thus the total amount for the
contract shall be adjusted accordingly.

    

    IX
Settlement of disputes: Any dispute arising out of,
or in connection with this contract shall be first settled by both Parties
hereto through mutual negotiation in good faith. In case no successful
settlement is reached thereby, either party hereto may submit such dispute to
Xi’an Arbitration Commission for arbitration.

    

    X This contract shall take effect as
from the date on which the same is duly signed and sealed by both Parties
hereto. This contract is made in two originals and four duplicates with each
party hereto holding one original and two duplicates
thereof.

    

    XI Others
Stipulations

    The contract and its
appendix shall be equally authentic and of equal force in
law.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    Duration
of the contract: from
the effective day of the contract to the completion of the
project

    

    Parties hereto may revise or
negotiate matters not mentioned herein.

    

    
      
        	
                Name of the Company

                (Sealed) 

              	
                Shaanxi Techteam Jinong
      Humic Acid Products Co., Ltd

              	
                Xi’an Kingtone
      Information Co., Ltd

              
	
                Address:

              	
                No.6,
      5th
      Guihua Road, Yangling District, Xi’an

              	
                3F,
      Borough A, Block A, No.181 South Taibai Road, Xi’an

              
	
                Telephone

              	
                029-87211523

              	
                029-88231591

              
	
                Fax

                 

              	
                029-87033921

              	
                029-88231590

              
	
                Date

                 

              	
                10/20/2008

              	
                10/20/2008

              

      

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    Acceptance
Report

    

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                Name of the Project

                              	
                                Development
      for Jinong Integrated  & Wireless Pipeline Control System
      (Phase II)

                              
	
                                Consigner(Party A)

                              	
                                Shaanxi
      Techteam Jinong Humic Acid Products Co., Ltd

                                 

                              
	
                                Consignee(Party B)

                              	
                                Xi’an
      Kingtone Information Co., Ltd

                                 

                              
	
                                Scope of the Acceptance

                              	 
      	
                                1.

                              	
                                The
      developed applications provided shall be in line with Technology
      Agreement;

                              
	 
      	 
      	
                                2.

                              	
                                The
      developed applications shall fully reach the standards for
      utilization.

                              
	 
      	 
      	
                                3.

                              	
                                The
      supply, installation and test for the transmitter, adjusting valve, o-type
      electric ball valve, flow meter, level gauge, resistance temperature, and
      meters have been completed.

                              
	 
      	 
      	
                                4.

                              	
                                The
      supply, installation and test for the wireless, wire& cable, cable
      tray, pipeline, and other needed material have been
    completed.

                              
	 
      	 
      	
                                5.

                              	
                                All
      the paperwork and construction records for acceptance shall be updated and
      completed.

                              
	 
      	 
      	
                                6.

                              	
                                The
      relevant training has been fully carried out.

                              
	 
      	 
      	
                                7.

                              	
                                The
      project shall be completed in due time.

                                 

                              
	
                                Conclusion

                              	
                                All
      items above are satisfied upon initial acceptance and trial operation. The
      official operation can be conducted upon final acceptance.

                                 

                              
	
                                Party A

                              	
                                /s/Yan
      Zhuang                 Date:
      6/20/2009

                                 

                              
	
                                Party B

                              	
                                /s/
      Peng
      Zhang                Date:
      6/20/2009

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