Document:

Shengtai Power International, Inc. - Exhibit 10.15 - Prepared By TNT
Filings Inc.

  

Exhibit 10.15 

(English Translation) 

Technological Consultant Retaining Agreement 

Where as: 

Shenzhen ShengTai Industrial Co., LTD (Hereinafter "the
Company") 

And 

The 43rd research institute of China Electronic Technology
(Hereinafter "the Institute") 

According to the related terms of The Contract Law of The
People’s Republic of China, the Company and the Institute herein agree and sign
as follow: 

	
  Position: the
  Company hires the Institute to serve as technological consultant to provide
  R&D, and consulting service on technology renovation and improvement. 

 

	
  Term: the
  cooperation will be valid for 5 years, starts from January 1st 2005 and ends
  on December 31st 2009, the two parties will renew the contract every year at
  the ending date of the previous contract. 

 

	
  Compensation: the
  compensation to the Institute can be divided into two parts, (a) an annual fee
  of 480,000RMB and the payment term will be discussed and decided according to
  the situation by the two parties; (b) On condition that the technology
  innovation and product improvement of LCD TV power supply, LCD TV 2 in 1 power
  supply and LCD TV 3 in 1 power supply can reduce the Company’s cost and make
  it more competitive in the market, and after 12-month sales period, the
  Company will discuss with the Institute and decide the actual amount of
  support fee, and the Institute will not be entitled for any dividend or reward
  from the profit derived from the introduce of the technology. 

 

	
  Technology result
  and the ownership: the Institute will primarily provide the Company with new
  technology and new information of the power supply industry, and improve the
  rapid development and the industrialization process of the Company’s power
  supply technology. During the period the Institute serves as technological
  consultant for the Company, any invent, product, software, technological
  secret and other business secret, and intellectual property the Institute
  produced in fulfilling the duty will belong to the Company. The Company can
  fully and freely use the invent, product, software, technological secret and
  other business secret in its business scope to apply for protection, run
  business to sell to the third party. The Institute should provide all required
  information and take all necessary activity and help the Company acquire and
  use related intellectual property. If both parties decide to finish the
  cooperation, the Institute has no right to use or sell the technology. 

 

	
  Technological
  requirement, developing schedule and acceptance. 

	
  Non-disclosure liability 

a)     The non-disclosure obligation of
the Institute 

Besides the need to fulfill the
contract, the Institute meanwhile bears following non-disclosure obligation: 

(1)     In the retaining term, the
Institute will have to follow all written and unwritten non-disclosure
regulations, systems of the Company and fulfill its non-disclosure
responsibility of its position. 

(2)     Do not collect any business
secret not related to its work of its business. 

(3)     Do not disclose, tell, public,
issue, initiate, transfer to or in any way let the third party (including people
from the Company that should not access the secret according to the
non-disclosure regulation) know the technological secret or other business
secret of the Company or of other but the Company has the responsibility to keep
the secret. 

(4)     the Institute guarantees that,
within tetaining term, it will not hold any position such as shareholder,
partner, director, supervisor, manager, employee, agent, and consultant etc. in
any other enterprises and entities, which may compete with the Company in
providing similar products and services; furthermore, the Institute will not
provide same kind of products and services by itself, unless it’s granted
permission from the Company. 

b)     Confidentiation provision 

Unless having another agreement, no
matter if the Institute still serves the Company and for any reason to terminate
the consultancy agreement, it must keep all the secrets related to the
technology or business information of the Company. 

	
  The Institute will
  bear their expenses within consultancy term, such as communication expenses,
  and material expenses etc. the Company will reimburse expenses of business
  trip and sign other agreements with the Institute if other significant
  projects are proposed to launch. 

 

	
  Liability for
  breach of agreement 

Each party of agreement takes
compensation liability according to the actual losses to counterpart, once it
breaches the agreement. 

	
  Dispute resolution. 

The agreement takes effect after
signing by both parties. Each party agrees to settle dispute by negotiation when
performing agreement. If it fails, application of arbitration will rise to
Shenzhen Arbitration Committee. 

	The agreement is in duplicate for each party which has same
  force of law. 

Shenzhen ShengTai Industrial Co., LTD 

By: ____________________________________ 

[Company Representative Signature] 

Title: ___________________________________ 

Date: _______________ 

The 43rd research institute of China Electronic Technology 

By: _________________________________ 

Date: ______________Shengtai Power International, Inc. - Exhibit 10.16 - Prepared By TNT
Filings Inc.

  

Exhibit 10.16 

(English Translation) 

Technological Cooperation Agreement 

Where as: 

Shenzhen ShengTai Industrial Co., LTD (Hereinafter "the Company") 

And 

University of Electronic Science and Technology of China (Hereinafter "the
University") 

The Company and the University herein agree and sign as follow: 

With the rapid growth of the LCD TV market, the market of
power supply products for LCD TV is also boosting up, and Shenzhen ShengTai
Industrial Co., Ltd. is one of the pioneers which is engaging in research and
development of the power supply market for LCD TV. University of Electronic
Science and Technology of China is one of the most famous universities in China,
providing strong capability of scientific research and high quality talents,
which has made a series of outstanding achievements in the fields of multimedia
technology, HDTV Technology, Information Technology, and Optics Technology and
so on. The university may offer strong support in the areas of advanced
technologies with its own multimedia and HDTV technological laboratories. Under
the principle of advantage reinforcing, resource sharing, reciprocity and mutual
benefit, the Company and the University herein agree and sign as follow: 

1.     Main contents of cooperation 

a.     The
University should continuingly make the best effort to technology innovation,
study new technologies, develop new products in the domain of power supply for
LCD TV, and the new technology and products should be put into practice and
industrialized by the Company. 

b.     Unless especially
indicated, intellectual properties that are created during the cooperation will
be owned by both parties. Any party should not unilaterally generalize, transfer
and publish. 

c.     The University should
arrange experts and technicians to give lectures and carry out technological
intercommunion for the Company in accordance with the actual need. 

d.     The University should do
its endeavor to solve the technical problems for the Company during design,
research and manufacture activities. 

e.     The
University may recommend its excellent graduates to serve the Company, and under
the same qualifications, the Company should select candidates from the second
part with the first priority. 

f.     Any material technical
projects, which need additional capital investment, should be discussed and
decided in accordance by both parties. 

2.     Main terms and effectiveness 

a.     The
cooperation agreement will be lastingly effective. Both parties may terminate
this agreement by neighborly negotiation in case of one party need to end this
contract for any certain reasons. 

b.     This agreement has two
duplicates and will be effective after the signature of both parties. 

Shenzhen ShengTai Industrial Co., Ltd. 

By: ____________________________________ 

[Company Representative Signature] 

Title: ___________________________________ 

Address: Building 9, Xinhe New Industrial Park Fuyong Township, Bao An District
Shenzhen, 

China 518004 

Representative: Zou Derong 

Date: October 15th , 2004 

University of Electronic Science and Technology of China 

By: _________________________________ 

Address: No 4, Segment 2 Jianshe North Road, Chengdu City Sichuan Province,
China 610054 

Representative: Zhong Chaowei 

Date: October 15th , 2004Shengtai Power International, Inc. - Exhibit 10.17 - Prepared By TNT
Filings Inc.

  

Exhibit 10.17 

(English Translation) 

Technological Cooperation Agreement 

Where as: 

Shenzhen ShengTai Industrial Co., LTD (Hereinafter "the
Company") 

And 

The 43rd research institute of China Electronic Technology
(Hereinafter "the Institute") 

The Company and the Institute herein agree and sign as
follow: 

With the rapid growth of the LCD TV market, the market of
power supply products for LCD TV is also boosting up, and Shenzhen ShengTai
Industrial Co., Ltd. is one of the pioneers which is engaging in research and
development of the power supply market for LCD TV. University of Electronic
Science and Technology of China is one of the most famous universities in China,
providing strong capability of scientific research and high quality talents,
which has made a series of outstanding achievements in the fields of multimedia
technology, HDTV Technology, Information Technology, and Optics Technology and
so on. The Institute may offer strong support in the areas of advanced
technologies with its own multimedia and HDTV technological laboratories. Under
the principle of advantage reinforcing, resource sharing, reciprocity and mutual
benefit, the Company and the Institute herein agree and sign as follow: 

1.     Main contents of cooperation 

a.     The
Institute should continuingly make the best effort to technology innovation,
study new technologies, develop new products in the domain of power supply for
LCD TV, and the new technology and products should be put into practice and
industrialized by the Company. 

b.     Unless
especially indicated, intellectual properties that are created during the
cooperation will be owned by both parties. Any party should not unilaterally
generalize, transfer and publish. 

c.     The
Institute should arrange experts and technicians to give lectures and carry out
technological intercommunion for the Company in accordance with the actual need.

d.     The
Institute should do its endeavor to solve the technical problems for the Company
during design, research and manufacture activities. 

e.     The
Institute may recommend its excellent graduates to serve the Company, and under
the same qualifications, the Company should select candidates from the second
part with the first priority. 

f.     Any material technical
projects, which need additional capital investment, should be discussed and
decided in accordance by both parties. 

2.     Main terms and effectiveness 

a.     The
cooperation agreement will be lastingly effective. Both parties may terminate
this agreement by neighborly negotiation in case of one party need to end this
contract for any certain reasons. 

b.     This agreement has two
duplicates and will be effective after the signature of both parties. 

Shenzhen ShengTai Industrial Co., Ltd. 

By: ____________________________________ 

[Company Representative Signature] 

Title: ___________________________________ 

Address: Building 9, Xinhe New Industrial Park Fuyong Township, Bao An District
Shenzhen, 

China 518004 

Representative: Zou Derong 

Date: October 15th , 2004 

The 43rd research institute of China Electronic Technology (Hereinafter "the
Institute") 

By: _________________________________ 

Address: No 269, Jixi Road, Hefei City Anhui Province, China 

Representative: Zhu Jianqiang Date: October 15th , 2004

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