Document:

Exhibit 10.19

                            Assets Purchase Agreement

                             Date: November 24, 2004

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                            Assets Purchase Agreement

This  Agreement  is made and entered  into on November  24, 2004 in Tai'an City,
People's  Republic of China  (hereinafter  referred to as "PRC"), by and between
the following parties:

      Seller:  Shandong Shengda  Nanomaterials Co., Ltd (hereinafter referred to
as "Party A")
      Legal address: Daiyue Economic Zone, Tai'an City;

      Purchaser:  Singapore Eastern Nanomaterials  Holdings Pte Ltd (hereinafter
referred to as "Party B")
      Legal address: No.9, Laifushi Fang, Republic Building, Singapore

WHEREAS:

1.    Party A is a limited  liability  company duly organized,  validly existing
      and in good standing under the laws of the P.R.C,  which legally holds all
      the property rights of the transferred assets;
2.    Party B is a private limited  liability  company duly  organized,  validly
      existing and in good standing under the laws of Singapore;
3.    The  shareholders'  meeting of Party A has passed a resolution,  approving
      the  transfer  of  assets  under  this   Agreement;   4.  After   friendly
      negotiation, Party A and Party B reach a common agreement to cooperate and
      coordinate with each other to guarantee the successful and smooth transfer
      of the assets.

In   consideration   of  the   recitals   and  of  the   respective   covenants,
representations, warranties and agreements herein contained, and intending to be
legally bound hereby, the parties hereto hereby agree as follows:

Article 1:  Definition

Except as otherwise  referred to, the following terms in this Agreement have the
meanings as follows:

1.    Transferred Assets: Assets of Party A used for business operation. For the
      detailed list, see Attachment 1 of the Agreement for the Assets  Appraisal
      Report.
2.    Effective  Date  of  the  Transfer:  Date  when  all  the  conditions  for
      effectiveness listed in Article 5 of the Agreement have been fulfilled.
3.    Base Appraisal Date: September 30, 2004
4.    Assets Appraisal  Report:  Appraisal  Statement made on the base appraisal
      date for the transferred  assets listed in Attachment 1, which is produced

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      by Tai'an Zhongcheng Limited Liability Certified Public Accounts' Firm and
      confirmed by Mr. Guo Yingchun, a Certified Assets Appraiser in China.

Article 2  Transfer of Assets

1.    According to the terms of this  Agreement,  Party A agrees to transfer the
      transferred  assets  to  Party  B in  accordance  with  the  terms  in the
      Agreement on the Effective Date of the Transfer.
2.    Party B agrees to acquire the transferred  assets from Party A pursuant to
      the terms and conditions set forth in this Agreement.
3.    Starting  from  the  Effective  Date of the  Transfer  set  forth  in this
      Agreement, Party B shall become the legal owner of the transferred assets,
      enjoying all the rights and assuming  all the  obligations  related to the
      transferred assets, while Party A shall not enjoy any right nor assume any
      obligation  related  to  the  transferred  assets,   except  as  otherwise
      prescribed in this  Agreement.  Party A shall  guarantee to go through all
      the legal  formalities,  including the change of certificates of ownership
      of the relevant equipment and automobiles,  insurance  contracts and other
      matters,  within  thirty days from the  Effective  Date of the Transfer of
      this Agreement.
4.    From the Effective Date of the Transfer of this Agreement, Party B and its
      authorized  persons  shall have the full power and  authority to take over
      the transferred assets and to use them to do business operation or dispose
      of them in a lawful manner.

Article 3   Transferred Assets

The parties hereby agree that, on the Base Appraisal  Date, all the assets under
this Agreement that shall be transferred to Party B on the Effective Date of the
Transfer  are  listed in the Assets  Appraisal  Report in  Attachment  1 of this
Agreement.  The  parties  hereby  confirm  that,  on the  Effective  Date of the
Transfer,  Party A shall  transfer  all the  aforementioned  assets  to Party B,
including all the movable facilities, factory workshops and other buildings used
for  production,  as well as all  the  documents  and  materials  related  to or
attached  to  the  transferred  assets,  including  all  the  business  records,
accounting  and financial  records,  operation  records,  statistics  materials,
instruction manuals, maintenance instructions handbooks, training manual, and so
on, that are related to or  subordinate  to the  transferred  assets,  no matter
which form they are  recorded,  being in a written  form or  computer  software,
hardware, or other forms.

If the relevant business requires the approval from governmental agencies or the
consent of a third party, the parties shall cooperate to obtain such approval or
consent.  If such consent  cannot be obtained,  all the  contracts or agreements
signed by Party A with  customers  before  the  Effective  Date of the  Transfer

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("customer  contracts") shall be performed by Party A. If Party A cannot perform
such  obligations set forth in the customer  contracts as the relevant  business
has been  transferred  to Party B, Party A shall  entrust these  obligations  to
Party B, and pay corresponding costs and fees to Party B.

Article 4   Transfer Price, Time and Mode of Payment

1.    The parties  hereby agree that,  according to the  appraisal  value of the
      transferred  assets recorded in the Assets Appraisal Report,  the Transfer
      Price  for  the  transferred  assets  in  this  Agreement  amounts  to RMB
      forty-six million six hundred forty-six thousand (46,646,000) yuan.
2.    Party B shall pay the  Transfer  Price to Party A according  to the former
      item of this Agreement  within ten working days from the Effective Date of
      the Transfer set forth in Article 5 of this Agreement.
3.    The parties  hereby agree that,  if, from the Base  Appraisal  Date to the
      Effective  Date of the  Transfer,  the  value  of the  transferred  assets
      increases or decreases as a result of the constant  business  operation of
      Party A, Party A shall take  possession of the increased  value or make up
      for the decreased value.

Article 5  Conditions for the Effectiveness

1.    The transfer of the  transferred  assets under this Agreement shall become
      effective when the following conditions are fully fulfilled:  both parties
      put official seals on this Agreement,  together with the signatures of the
      legal representatives or authorized representatives of both parties.
2.    The  aforementioned  date when all the  conditions  are  fulfilled  is the
      Effective Date of the Transfer of this Agreement unless both parties agree
      otherwise.

Article 6   Representations, Warranties and Promises of Party A

Party A hereby makes the following  Representations,  Warranties and Promises to
Party B:

1.    Party A is a limited  liability  company duly organized,  validly existing
      and in good standing under the laws of the P.R.C and has all the necessary
      power and authority to establish and perform all the  responsibilities and
      obligations under this Agreement.  Once signed,  this Agreement has lawful
      and  effective  bounding  effect on Party A. Party A's action of  entering
      into  this  Agreement  with  Party B shall not lead to breach of any other
      contracts,  its Articles of association and founding  documents as well as
      any applicable Chinese law and regulation.

2.    Party A has the lawful and absolute ownership and controlling right to the

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      transferred  assets,  and has the  power  to sign  this  Agreement  and to
      transfer all or any part of the transferred assets, whereas such assets or
      any right  related to such  assets are free from the  restrictions  of any
      priority  rights or the rights of a third  party.  After  transfer  of the
      assets  under this  Agreement,  Party B shall  enjoy all the rights as the
      owner of the transferred assets and can transfer or dispose of such assets
      in a lawful manner, and shall not be restricted by any detain, mortgage or
      the rights claimed by a third party.
3.    On the signing  date and the  Effective  Date of the  Transfer  under this
      Agreement, there is no ongoing litigations, arbitrations or administrative
      actions in which Party A is involved as one party, or with any part of the
      transferred   assets  as  object,   or  may  involve   Party  A  into  any
      disadvantageous  verdict or award, that is, actions that may independently
      or jointly cause any grave negative  impact on the  transferred  assets or
      business operation.
4.    Party A has obtained all the certificates,  documents,  licenses, consent,
      authorization related to the transfer of assets, shall affect the legality
      of the transferred assets or the ownership of Party A, and do not have any
      default stipulated in law.
5.    All the property contained in the transferred assets that shall be insured
      according  to  Chinese  law and  common  practice  of the trade  have been
      insured by Party A on the signing date of this  Agreement.  Such insurance
      shall be still  effective  until the Effective  Date of the Transfer,  and
      Party A has not claimed any  compensation  for damages for such insurance.
      Party A promises  that it shall  neither  take nor ignore any actions that
      induce or may induce the invalidity of such insurance.
6.    Until the Effective  Date of the Transfer,  Party A is not involved in any
      production  and  operation  contract  or  arrangement   involving  unusual
      business terms and conditions  that may cause grave negative impact on the
      conditions of the transferred assets.
7.    Before the Effective Date of the Transfer, Party A's use of the land where
      the transferred  assets occupy has been lawful and there is no need to pay
      any  overdue  taxes  or  fees,  Besides,  there  is no  responsibility  or
      liability  on the part of Party B as a result of Party A's use of the land
      before the  Effective  Date of the  Transfer  which has not been  formally
      disclosed to Party B.
8.    All the  taxes and fees  related  to the  transferred  assets  which  have
      bearings on the validity or completeness  of the  transferred  assets have
      been paid off, and there are no overdue taxes or fees.
9.    No facts about the  transferred  assets have not been disclosed to Party B
      by Party A, which might affect the  establishment  of this  Agreement  and
      change the  original  meaning of any clause of this  Agreement  once being
      disclosed.
10.   On the Effective Date of the Transfer,  the factory  workshops,  machines,

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      tools and other equipment included in the transferred assets are all under
      good operational  conditions and regular maintenance and repairs have been
      done to them.
11.   The  high-level  management  or relevant  persons in charge shall have the
      confidentiality obligations for the business secrets or technical know-how
      about the  transferred  assets before the Effective  Date of the Transfer,
      and shall not disclose any of them to the outside or use them for business
      purpose.
12.   After the  Effective  Date of the Transfer,  Party A shall not,  within or
      outside the Chinese territory in any forms (including operation on its own
      or through  joint  ventures)  participate  in any business or action which
      shall bring actual or possible  competition  to the business  operation of
      Party B in a direct or indirect manner.
13.   Until the Effective Date of the Transfer,  Party A shall use, maintain and
      manage the transferred assets in the same way as usual.
14.   Until the Effective Date of the Transfer, Party A shall not dispose of any
      part of the assets in any unusual  manner.  Compared with the condition on
      the Base  Appraisal  Date, the value and  composition  of the  transferred
      assets shall not be subject to any obvious  change which shall put Party B
      in disadvantage.

Article 7   Representations, Warranties and Promises of Party B

Party B hereby makes the following representations, warranties and promises to
Party A:

1.    Party B is a limited  liability  company duly organized,  validly existing
      and in good standing as a wholly foreign funded  enterprise under the laws
      of  Singapore,  properly  owns its lawful  assets and operates its ongoing
      business.
2.    Party B has full power and  authority to acquire the  transferred  assets,
      and has obtained all the lawful  authorization  for signing and performing
      this Agreement.
3.    Party B shall  cooperate  with Party A to deal with all the issues  during
      the process of transfer of assets that are not discussed in this Agreement
      in line with the spirit of the laws and regulations of the state.
4.    Party  B  shall  pay  the  Transfer  Price  to  Party  A  pursuant  to the
      stipulations set forth in this Agreement.

Article 9   Confidentiality

Except  as  otherwise  clearly  prescribed  by the  applicable  Chinese  laws or
regulations, or relevant Articles of association of the company and stipulations
or requirements  clearly set forth in applicable  Chinese laws and  regulations,

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any party,  without  the  consent of the other  party,  shall not  disclose  any
information  about  this  Agreement  to any  third  party not  involved  in this
transfer before such transfer has been completed.

Article 10  Miscellaneous

Both Parties  mutually agree that anything not covered in this Agreement will be
friendly discussed separately by both parties, and supplemental agreements shall
be  established  before the  completion  date of shares  transfer.  Supplemental
agreements shall be inseparate parts of this Agreement.

Article 11   Liabilities for Breach of Agreement

Any party breaks any representation, warranty or promise made in this Agreement,
or fails to abide by any clause of this  Agreement,  it shall be deemed as being
in breach of this agreement.  The party in breach shall compensate the observant
party  for all the  losses,  and the  observant  party  has the  right to decide
whether to go on performing or terminate this Agreement.

Article 12  Settlement of Disputes

1.    Any disputes  arising from the execution  of, or in  connection  with this
      Agreement  shall be settled  through  friendly  negotiation  between  both
      parties  hereto.  In case no settlement to disputes can be reached through
      friendly  negotiation,  any  party can  submit  the  dispute  to the China
      International Economic and Trade Arbitration Commission for arbitration in
      accordance  with the  Arbitration  Rules and the  Procedures  for the said
      Commission. The arbitral award shall be final and have binding effect upon
      both parties.

2.    According to  applicable  Chinese  laws,  in the event that any  provision
      contained  in this  Agreement  shall be  determined  to be  invalid by the
      arbitration  court, the validity,  legality and enforceability of any such
      provision  in every other  respect and the  remaining  provisions  of this
      Agreement shall be in no matter impaired.

Article 13   Applicable Law

The formation, validity, interpretation, execution and settlement of disputes in
respect of this Agreement shall be governed by the relevant laws of the PRC.

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Article 14   Assignment of Rights

Without the written consent from the other party, any party shall not assign its
rights under this Agreement. The successors and approved assignees of each party
shall all be bound by this Agreement.

Article 15   Force majeure

1.    "Force  majeure"  means  any  unforeseeable   event  beyond  the  parties'
      reasonable  control,  or any  predictable  event which cannot be prevented
      which  prevent  any  party  from  performing  any  obligation  under  this
      Agreement.  Force  majeure  includes,  but is not limited to,  earthquake,
      typhoon, flood, fire or other natural disasters, war, riots, strike or any
      other similar incident.

2.    In the event of force majeure,  the prevented party shall notify the other
      party by quickest means without any delay,  and within 15 days  thereafter
      provide  detailed  information  of the  events  and a valid  document  for
      evidence  explaining  the reason of its  inability to execute or delay the
      execution of all or part of the  Agreement.  Both parties  shall,  through
      consultations,  decide whether to delay the  performance of this Agreement
      or to terminate this Agreement.

Article 16  Appendices

All the appendices of this Agreement constitute integral parts of the Agreement,
which have the same legal effect.

Article 17   Text

This Agreement is written in Chinese and is made into four original copies,  and
each party shall keep two copies. Each copy has the same legal effect.

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                            Signatures of the Parties

IN WITNESS  WHEREOF,  the  undersigned  have  hereunto  set their  hands to this
Agreement in Tai'an City, PRC as of the day and year first above written.

Shandong Shengda Nanomaterials Co. Ltd

Legal representative: Shan Chuanpo

Name: /s/ Shan Chuanpo
     ------------------

Title: Executive Director

November 24, 2004

Singapore Eastern Nanomaterials Holdings Pte Ltd

Authorized representative: Chen Xiangzhi

Name: /s/ Chen Xiangzhi
     -------------------

Title: President

November 24, 2004

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                     Assets Purchase Supplemental Agreement

This Assets Purchase  Supplemental  Agreement  (hereinafter referred to as "this
Supplemental  Agreement")  is entered  into on February 20, 2005 in Tai'an City,
Shandong Province, People's Republic of China (hereinafter referred to as "PRC")
by the following parties:

Seller:  Shandong Shengda  Nanomaterials  Co., Ltd  (hereinafter  referred to as
      "Party A")
Legal address: Daiyue Economic Zone, Tai'an City;

Purchaser:   Singapore  Eastern  Nanomaterials  Holdings  Pte  Ltd  (hereinafter
      referred to as "Party B")
Legal address: 9, Laifushi Fang, Republic Building, Singapore

WHEREAS:

1.    Party A is a limited  liability  company duly organized,  validly existing
      and in good standing under the laws of the P.R.C,  which legally holds all
      the property rights of the transferred assets;
2.    Party B is a private limited  liability  company duly  organized,  validly
      existing and in good standing under the laws of Singapore;
3.    Party A and Party B entered into an Assets Purchase Agreement (hereinafter
      referred to as "Assets Purchase Agreement") on November 24, 2004, and have
      finished  the  transfer  of relevant  assets.  Party B has set up Shandong
      Haize   Nanomaterials   Co.,  Ltd  (hereinafter   referred  to  as  "Haize
      Nanomaterials")  in Tai'an  City,  Shandong  Province,  PRC to operate the
      transferred assets.
4.    After friendly negotiations,  Party A and Party B agree to collaborate and
      cooperate  with  each  other.  In order to  guarantee  the  assets  can be
      successfully  transferred  from Party A to Party B, further make clear the
      respective  rights and obligations,  with regard to the relevant issues of
      the transfer of assets,  Party A and Party B hereby make this Supplemental
      Agreement as follows:

Article 1  Definition

For all terms that are not specially defined in this Supplemental Agreement, the
meaning  thereof is the same as those in the Assets Purchase  Agreement  entered
into on November 24, 2004 by and between the two parties.

Article 2   Compensation Liabilities

For  all   requests,   claims  for  damages,   actions,   losses,   liabilities,
compensations,  expenses as well as expenditures that are directly or indirectly

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sustained  or endured by Party B as a result of the fact that Party A has broken
any representation, warranty, promise or agreement made by it in both the Assets
Purchase Agreement and this Supplemental Agreement, Party A agrees to compensate
Party B and exempt all the losses  suffered  by Party B. After Party B has taken
over the transferred assets, for any claims for damages, compensations, expenses
and taxes raised by a third party  against  Party B concerning  the  transferred
assets,  whether  Party A has broken any  representation,  warranty,  promise or
agreement made by it in both the Assets Purchase Agreement and this Supplemental
Agreement,  Party A shall take  measures  to exempt  Party B from the claims for
damages, or to compensate Party B with all the losses suffered from such claims.
Any claim put forward in line with the  requirements  set forth in this  article
shall be raised to Party A in a written  form,  accompanied  by  reasonable  and
detailed description of the facts and circumstances on which such a claim bases.

Article 3   Value Increase or Decrease

In  accordance  with the  stipulations  set forth in Article 4 (3) of the Assets
Purchase  Agreement,  if, from the Base  Appraisal Date to the Effective Date of
the Transfer,  the value of the transferred  assets  increases or decreases as a
result  of the  constant  business  operation  of  Party A,  Party A shall  take
possession of the increased value or make up for the decreased value.

According to the Balance  Sheet of Haize  Nanomaterials  by the date of December
31,  2004 (see  Attachment  1),  Party A and Party B confirm  irrevocably  that,
during the period  from the Base  Appraisal  Date to the  Effective  Date of the
Transfer,  all the added  value of the  transferred  assets  resulting  from the
constant  producing  and  operating  activities  of Party A  amounts  to RMB six
million six hundred and sixty-seven  thousand six hundred and ninety point eight
seven (6,667,690.87)  (hereinafter  referred to as "the Added Value"). The above
added  value  shall be paid to Party A by Haize  Nanomaterials  before  June 30,
2006.

Article 4   Payment Time of the Transfer Price

Notwithstanding  otherwise  stipulated in the Assets  Purchase  Agreement,  both
parties have agreed that Party B shall pay the transfer price in full to Party A
within six months after the founding date of Shandong Haize  Nanomaterials  Co.,
Ltd (i.e. December 14, 2004) pursuant to the stipulations set forth in Article 4
(1) of the Assets Purchase Agreement.

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Article 5   Miscellaneous

Party A and Party B hereby agree that, all the other articles of Assets Purchase
Agreement  are still  effective.  Relevant  provisions  in the  Assets  Purchase
Agreement  shall be applied to all  matters  not  specially  stipulated  in this
Supplemental Agreement.

Article 6   Effect

Party A and Party B hereby agree that, this Supplemental  Agreement shall become
effective  upon the  signature  and seal of the  legal  representatives  of both
parties.

Article 7   Originals

This Agreement can be made into several  originals and be signed.  Each original
copy has the same legal effect.

                                Page of Signature

                             (No text in this page)

                            Signature of the Parties

IN WITNESS  WHEREOF,  the  undersigned  have  hereunto  set their  hands to this
Agreement in Tai'an City, PRC as of the day and year first above written.

Shandong Shengda Nanomaterials Co. Ltd

Legal representative: Shan Chuanpo

Name: /s/ Shan Chuanpo
     ------------------

Title:

February 20, 2005

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Singapore Eastern Nanomaterials Holdings Pte Ltd

Legal Representative: Chen Xiangzhi

Name: /s/ Chen Xiangzhi
     -------------------

Title:

February 20, 2005

Shandong Haize Nanomaterials Co., Ltd

Legal Representative:  Jia Hongping

Name: /s/ Jia Hongping
     -----------------

Title:

February 20, 2005

                                       13Exhibit 10.20

Contract Registration No.:
------ --- ---- --- --- ---- --- --- ----
------ --- ---- --- --- ---- --- --- ----

                         Technical Development Contract

Project Name:  Development of the process of producing nano calcium carbonate by
micro-mixing reactor

Entrusting Party (Party A): Shandong Haize Nanomaterials Co., Ltd

Address: Youth Development Zone, Tai'an City

R&D Party (Party B): Tsinghua University (Department of Chemical Engineering)

Address: Haidian District, Beijing

This Contract is signed in Beijing.

This Contract is signed on January 12, 2005

Period of Validity: January 2005 - May 31, 2006

          Supervised by the State Scientific and Technology Commission

<PAGE>

In accordance  with the  provisions of Contract Law of the People's  Republic of
China and after  discussions  and  negotiations  about  the  development  of the
process of producing nano calcium carbonate by micro-mixing reactor based on the
existing  technology  of producing  nanometer  granule by  micro-mixing  reactor
developed by Party B, the two parties agree to enter into this contract.

I. The Content, Form and Requirements of the Target Technology:

Based on the existing  production  conditions provided by Party A, Party B shall
carry out the study of the  producing  method of nano  calcium  carbonate by the
micro-mixing  reactor,  find the proper  reacting  condition,  and carry out the
tests on small-scale  test,  pilot scale  experiment and commercial test for the
realization of industrial production.

1. The process of producing nano calcium carbonate by micro-mixing reactor

Based on the raw materials  provided by Party A, Party B shall find out the laws
by studying how the flow rate,  reaction  temperature and the  concentration  of
white lime milk will affect the size and appearance of the obtained nano calcium
carbonate  and the flow law inside  the  micro-mixing  reactor,  in order to get
prepared  for  designing  the  equipment  for  pilot  scale  experiments.  After
finishing  the above  technical  experiments,  Party B shall  submit a  research
report,  and  discuss  with  the  technical  personnel  from  Party A about  the
feasibility of pilot scale experiments.

2.  Determination  of the reacting  conditions  and key  parameters  of relevant
equipment for carbonization reactions in pilot scale experiments

After getting  permission from Party A to carry out the pilot scale experiments,
based on the research result of small-scale  tests,  Party B shall determine the
reacting conditions of the carbonization  reactor and key parameters of relevant
equipment for  carbonization  reactions,  and design the production  process for
pilot scale  experiments and relevant  equipment by cooperating  with the design
organization invited by Party A.

3. Pilot scale experiments

After  getting  permission  from  Party A about  the  stipulations  in the above
provision,  Party B  shall  provide  a  micro-mixing  reactor  for  pilot  scale
experiments. Party A shall provide the necessary equipment coordinating with the
micro-mixing  reactor as well as other  conditions  required  in the pilot scale
experiments, and carry out such tests under the instructions of Party B.

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Pilot scale experiments are designed to study how the gas-liquid phase ratio and
the  concentration of white lime milk will affect the size and appearance of the
obtained nano calcium  carbonate,  and check the stable operating  conditions of
equipment.  If there are  problems  affecting  the  technical  stability  of the
micro-mixing  reactor  during  the  pilot  scale  experiments,  Party B shall be
responsible for fixing them.

Party B shall submit a report of the pilot scale experiments.  Party A shall ask
experts to conduct  the check and  acceptance  of the result of the pilot  scale
experiments.

4. Commercial tests

After getting  permission from Party A to carry out the commercial tests,  based
on the research results of pilot scale experiments,  Party B shall determine the
reacting conditions of the micro-mixing  reactors and key parameters of relevant
equipment for  carbonization  reactions,  and design the production  process for
commercial  tests  and  relevant   equipment  by  cooperating  with  the  design
organization invited by Party A.

Commercial  tests are designed to study how the  gas-liquid  phase ratio and the
concentration  of white  lime milk will  affect the size and  appearance  of the
obtained nano calcium  carbonate,  and check the stable operating  conditions of
equipment.  If there are  problems  affecting  the  technical  stability  of the
micro-mixing  reactor during the pilot scale  experiments,  Party B shall assist
Party B to fix them.

Party A and Party B shall jointly submit the report of commercial tests. Party A
shall ask  experts  to  conduct  the check and  acceptance  of the result of the
commercial tests.

While working at the location of Party B, the board and lodging  expenses of the
staff of Party A shall be  covered  by Party A. If some staff of Party B need to
go  the  locale  of  Party  A  and  do  necessary  work  for  the  sake  of  the
implementation  of this project,  the travel expenses arising from this shall be
covered by Party A.

II. Required Technical Indicators and Parameters:

(I)   Required technical indicators and parameters for small-scale tests

1.    The granule diameter of the primary granule of the nano calcium  carbonate
      obtained by this technical  method shall be less than 60  nanometers.  The
      granules  whose  diameters are more than 60 nanometers  shall account less
      than 5% of the total mass.

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2.    When the process reaches the stage of  carbonization,  the pH value of the
      white lime shall not be higher than 8.5 within 4 hours.

(II)  Required technical indicators and parameters for pilot scale experiments

1.    All the above required technical  indicators and parameter for small-scale
      tests shall have been satisfied.
2.    The composition of the kiln gas for carbonization should be: CO2 (28%), O2
      (4%) and CO (2%).  The other  ingredients  are mainly N2,  small amount of
      water vapor and soot.  The  utilization  ratio of CO2 during the  reacting
      process should be >/= 80%.
3.    The  carbonization  temperature  will be  acceptable  within  the range of
      30iA10iae for the convenience of control and operation.
4.    This process shall guarantee the whiteness after carbonation will be 1.5 -
      2.0 degrees higher than that before carbonation.
5.    The  concentration  of white  lime  milk for  carbonization  shall be >/+=
      60g/l.

(III) Required technical indicators and parameters for commercial tests

1.    All the above  required  technical  indicators  and parameter for tests on
      small-scale tests and pilot scale experiments shall have been satisfied.
2.    The producing method in this process can be used in industrial production,
      with the annual output for single equipment being more than 3,000 tons.

III.  Plans for Research and Development

1.    The small-scale  tests shall be carried out and completed  within 3 months
      after this contract has become effective.
2.    The pilot scale  experiments  shall be carried out and completed  within 3
      months after receiving the first fund for pilot scale experiments.
3.    The enlarged  commercial test shall be carried out and completed  within 3
      months after receiving the first fund for commercial  tests. The producing
      conditions shall be technically satisfied.

As the above R&D plans will be carried  out at the  location of Party A and that
of Party B respectively and the two parties will take joint responsibilities, so
the parties  shall  closely  cooperate  with each other in the  execution of the
plans.  In case that the pilot  plant or  commercial  plant  cannot be  prepared
timely,  the research plans shall be postponed.  The changes of the R&D schedule
shall be determined after the negotiations of the two parties.

<PAGE>

IV.   R&D Expenses, Remuneration and Mode of Payment or Settlement

(I) R&D expenses refer to the costs needed for the R&D.  Remuneration  refers to
the royalty of the  achievement  developed by this project and the allowance and
subsidies for the R&D staff.

R&D expenses and remuneration  for this project total at RMB 1,500,000.00  yuan,
that is, RMB one million and five hundred thousand yuan exactly.

Among which:

1.    Party A shall pay RMB two hundred and fifty  thousand  yuan to Party B for
      the research work of small-scale tests (item 1 of Article 1).
2.    After  small-scale tests have been finished and accepted by Party A, Party
      A shall  pay RMB six  hundred  thousand  yuan to Party B for  pilot  scale
      experiments  of this project  (item 2 of Article 1). When  personnel  from
      Party B work at the location of Party A for the execution of this project,
      the relevant  boarding and lodging  expenses  shall be covered by Party A,
      but the expenses shall be subject to Party A's examination.
3.    After pilot scale  experiments have been finished and accepted by Party A,
      Party A shall pay RMB six hundred and fifty  thousand  yuan to Party B for
      the enlarged  commercial tests of this project (item 4 of Article 1). When
      personnel  from Party B work at the location of Party A for the  execution
      of this  project,  the  relevant  boarding and lodging  expenses  shall be
      covered  by Party A,  but the  expenses  shall  be  subject  to Party  A's
      examination.

(II)  Mode of Payment and time limit for expenditures and remuneration:

1.    Party A shall pay RMB two hundred  thousand  yuan to Party B within 7 days
      after this contract has been signed and sealed by both parties.
2.    Party A shall  organize  the check and  acceptance  within  ten days after
      Party B has submitted the report for technological test. Party A shall pay
      RMB  fifty  thousand  to Party B within  seven  days  after  the check and
      acceptance  has  passed.  If  Party A fails  to  organize  the  check  and
      acceptance within one month, it shall be deemed as having been accepted.
3.    Party A shall pay RMB three hundred  thousand yuan to Party B within seven
      days after  Party A has  informed  Party B in formal  written  form of the
      commencement of the pilot scale experiments.
4.    Party A shall  pay RMB one  hundred  and  fifty  thousand  yuan to Party B
      within seven days after Party B has  submitted  the report for pilot scale
      experiments.
5.    Party A shall  organize  the check and  acceptance  within one month after
      receiving  the report for pilot  scale  experiments  from Party B. Party A
      shall pay RMB one hundred and fifty  thousand yuan to Party B within seven
      days  after the  check  and  acceptance  has  passed.  If Party A fails to
      organize the check and acceptance  within one month, it shall be deemed as
      having been accepted.

<PAGE>

6.    Party A shall pay RMB three  hundred  and fifty  thousand  yuan to Party B
      within  seven days after Party A has  informed  Party B in formal  written
      form of the commencement of the commercial tests.
7.    Party A shall  pay RMB one  hundred  and  fifty  thousand  yuan to Party B
      within  seven days after Party B has  submitted  the report for  technical
      commercial tests.
8.    Party A shall  organize  the check and  acceptance  within one month after
      receiving the report for commercial  tests from Party B. Party A shall pay
      RMB one  hundred  and fifty  thousand  yuan to Party B after the check and
      acceptance  has  passed.  If  Party A fails  to  organize  the  check  and
      acceptance within one month, it shall be deemed as having been accepted.

(III) Exclusive Use Right

After the check and  acceptance  for this project has been done,  Party B agrees
that all the technology and/or patent license arising from the execution of this
contract  will be  exclusively  used by Party  A.  Party A shall  pay an  annual
royalty of RMB five hundred  thousand  yuan and the charge for using the patents
arising from the execution of this contract  (exclusive use royalty) to Party B.
All the royalties and charges for a year shall be paid before  January 31 of the
year. In the year when the commercial  tests were checked and accepted,  Party A
can be exempted from paying  royalties and charges.  Unless permitted by Party A
in a written form,  Party B shall not authorize any other third party to use all
the technology and/or patents arising from the execution of this contract

V.    Ownership of the  Equipment,  Materials  and Data  Purchased  with the R&D
Expenses

All the equipment,  materials and data purchased by Party B with R&D fund belong
to Party B. All the  equipment,  materials  and data  purchased  by Party A with
other fund belong to Party A.

VI.   Term of the Contract, Site and Mode of Performing the Contract

This  contract  will be  performed  starting  from  January  2005 in Beijing and
Tai'an.

The mode of performing  the contract is that Party A provides the  expenditures,
and Party B is  commissioned  to cooperate with Party A to develop the method of
producing nano calcium carbonate by micro-mixing reactor.

<PAGE>

VII.  * Confidentiality of Technological Information and Data

1.    Both  parties  shall  have the  obligation  of keeping  the  technological
      information  and data  provided  by the  other  party  confidential.  This
      article  shall  remain  in  effective  for long even if this  contract  is
      amended, canceled or terminated.

VIII. Contents of the Technological Cooperation and Instruction

1.    Party  A shall  provide  the  technological  process,  composition  of raw
      materials,  technical  indicators,  as well as the  analyzing  and testing
      method and method of producing  nano calcium  carbonate  currently used by
      Party A, and  provide  Party B with the  relevant  technological  know-how
      required during the technology developing process.
2.    Party A shall provide samples of its existing products.
3.    The  parties  shall hold one  working  meeting at each stage  (small-scale
      tests,  pilot scale experiments and commercial tests), and main persons in
      charge and technical personnel, to discuss the progress of the project and
      discuss  what work should be done in the future and define the pace of the
      project.

IX.   The Assuming of Responsibility of Risks

During the execution of this contract, if technological difficulties that cannot
be overcome by using current technologies lead to partly or total failure of the
research and  development,  the  responsibility  of risks for the losses thereof
shall be reasonably assumed by the parties, that is, each party shall bear their
respective  responsibility  according to the  manpower,  material  resources and
financial resources it has invested into the R&D project.

X.    Ownership and Share of Technological Achievements

1.    The  two  parties  hereby  agree  that  during  the  performance  of  this
      technological  development  contract,  the  technological  achievements of
      producing nano calcium carbonate by micro-mixing reactor shall be owned by
      the parties on a 50%-50% basis. In the case of applying for patent,  right
      to apply for a patent  shall be jointly  owned by the two  parties.  While
      applying for a patent,  the name of Party A shall be put first.  The title
      to patent shall be shared by the two parties on a 50%-50%  basis,  and the
      expenditures in applying for a patent shall also be covered by the parties
      on a 50%-50% basis.
2.    For the  technological  achievements  under this contract  (including  the
      patent  obtained  from  the  target  technology),  in the  year  when  the
      commercial  tests were  checked and  accepted,  Party A has the  exclusive
      right and can use it free of charge in that year.  In other  years,  after
      paying the annual  royalty for  exclusive use to Party B, Party A owns the

<PAGE>

      exclusive  right of the  technological  achievements  under this  contract
      (including the patent obtained from the target technology) for the year in
      question.  Any party  shall not  transfer  this  technology  unilaterally.
      Transfer  of the  technology  must be  agreed by both  parties,  while the
      proceedings  of the transfer  shall be shared by both parties on a 50%-50%
      basis.

      If Party A fails to pay all the R&D expenses and the royalty for exclusive
      use  pursuant to the  stipulations  in this  contract,  starting  from two
      months after the due date of each payment, the exclusive rights of Party A
      shall be  changed  into  common-use  rights,  and Party B has the right to
      transfer the target technology under this contract as it pleases.

      If Party A fails to put the target  technology into industrial  production
      within  two years  after the tests  for  industrial  production  have been
      checked  and  accepted,  Party B has the  right  to  transfer  the  target
      technology  as it  pleases.  However,  if Party A has paid off all the R&D
      expenses,  the earnings  obtained from the transfer (with costs  deducted)
      shall be shared by the two parties on a 50%-50% basis.

3.    If the achievement in scientific research needs to be reported for being a
      candidate of prize-competition, the two parties shall make the application
      jointly.  Party B shall be put first  when  filing the  application;  when
      filling the names of the research staff,  the name of the person in charge
      of the project from Party B shall be put in the first  place,  followed by
      the person in charge of the project from Party A, and then followed by the
      research   staff  from  both  parties   according   to  their   respective
      contribution to the project in a cross spreading manner.

XI.   Acceptance Criteria and Mode of Check and Acceptance

The technological achievements of the research and development shall satisfy all
the  technical  indicators  listed  in  Article  2 of this  contract,  submitted
together with a complete test report. If need to, experts will be asked to check
and  discuss  the report,  Party A shall  produce  documents  for  checking  and
accepting the technological project.

XII.  Computing Mode for Penalty or Compensation for Losses

If a  breach  of  this  contract  occurs,  the  party  in  breach  shall  assume
corresponding   liabilities   for  breaching   the  contract   pursuant  to  the
stipulations in the Contract Law.

<PAGE>

(I) If there is a breach of Article 4 of this  contract  on the part of Party A,
Party A shall assume the  liabilities  for breaching the contract.  Overdue fine
shall be  collected by 2ie of the overdue  amount for one delaying  day, and the
time limit for  performing the contract  shall be postpone  accordingly.  If the
overdue  expenditures are delayed for two months,  Party A shall pay off all the
expenditures and overdue fine as well as the penalty in the amount of 10% of the
value of contract. Meanwhile, Party B has the right to terminate the contract.

(II) If there is a breach of Article 1, 2 and 3 of this  contract on the part of
Party B, Party B shall assume the liabilities for breaching the contract.  Party
B shall pay the  penalty to Party A, with the  ceiling  amount  being 60% of the
paid amount. If the project fails as a result of Party B's breach, Party B shall
compensate Party A with 100% of the paid amount.

(III) If there is a breach  of other  articles  of this  contract,  the party in
breach shall pay the penalty, with the ceiling amount being the amount that have
been paid by Party A.

XIII. Settlement of Disputes

      Should any disputes  between the parties  arising out of or in  connection
with this contract  occur,  the parties shall resolve through  negotiation.  The
disputes can also be raised to the supervision department for conciliation.
      If any party would not like to resort to negotiation or  conciliation,  or
such negotiation or conciliation  fails, the parties shall submit the dispute to
the Beijing Arbitration Commission for arbitration.

XIV.  Miscellaneous

1.    This contract is made into ten originals.  It shall become  effective upon
      being signed by the legal  representatives of both parties and the arrival
      of the first amount of expenditure (RMB two hundred  thousand yuan).  Each
      party shall hold five copies, and all of them have the same legal effect.
2.    Any  amendment,  supplementation  or changes shall become  effective  only
      after the parties have concluded a written agreement and signed on it.

<PAGE>
<TABLE>
<CAPTION>

----------------- -------------------- --------------------------------------------------------------------
<S>               <C>                  <C>                               <C>               <C>
                  Name                 Shandong Haize Nanomaterials Co., Ltd (seal)
Entrusting        -------------------- --------------------------------------------------------------------
Party             Legal                /s/ Jia Hongping                  Authorized        /s/ Li Xuewen
(Party A)         representative       (signature)                       Proxy             (signature)
                  -------------------- --------------------------------- ---------------- -----------------
                  Contact person         Du Lei                                            (signature)
                  -------------------- --------------------------------------------------------------------
                  Location             Youth Development Zone, Tai'an City
                  (postal address)
                  -------------------- --------------------------------------------------------------------
                  Telephone            13395389680                       Cable address
                  -------------------- --------------------------------- ---------------- -----------------
                  Bank of
                  deposit
                  -------------------- --------------------------------------------------------------------
                  Account No.                                            Post Code        271000
----------------- -------------------- --------------------------------- ---------------- -----------------
                  Name                 Tsinghua University  (seal)
Entrusted         -------------------- --------------------------------------------------------------------
Party             Legal                /s/ Ji Shishan                    Authorized        /s/ Wang Xigong
(Party B)         representative       (signature)                       Proxy             (signature)
                  -------------------- --------------------------------- ---------------- -----------------
                  Contact person        Luo Guangsheng, Wang Yujun                    (signature)
                  -------------------- --------------------------------------------------------------------
                  (postal address)
                  -------------------- --------------------------------------------------------------------
                  Telephone            62783870                          Cable address    1331
                  -------------------- --------------------------------- ---------------- -----------------
                  Bank of              ICBC Haidian Township Branch
                  deposit
                  -------------------- --------------------------------------------------------------------
                  Account No.          0200004509089131550               Post Code        100084
----------------- -------------------- --------------------------------- ---------------- -----------------
Broker            Name                                                                (official seal)
                                                                                      Date:
                  -------------------- --------------------------------------------------------------------
                  Legal                                                  Authorized
                  representative       (signature)                       Proxy            (signature)
                  -------------------- --------------------------------- ---------------- -----------------
                  Contact person                                                    (signature)
                  -------------------- --------------------------------------------------------------------
                  Location
                  (postal address)
                  -------------------- --------------------------------------------------------------------
                  Telephone                                              Cable address
                  -------------------- --------------------------------- ---------------- -----------------
                  Bank of
                  deposit
                  -------------------- --------------------------------------------------------------------
                  Account No.                                            Post Code
----------------- -------------------- --------------------------------- ---------------- -----------------
</TABLE>

<PAGE>

                       Sticking Place for the Fiscal Stamp
                       -----------------------------------

--------------------------------------------------------------------------------
Column  for  examination  and  registration  to be  filled  by the  registration
authority:

         Registration Authority for Technical Contracts (official seal)

Prepared by:                     (signature)                     Date:
--------------------------------------------------------------------------------

<PAGE>

                             Supplemental agreement

Party A: Shandong Haize Nanomaterials Co., Ltd
Party B: Tsinghua University

      The parties entered a Technological  Development  Contract  (Project Name:
Development of the process of producing nano calcium  carbonate by  micro-mixing
reactor, Contract No. of Tsinghua University: 2005129) on January 12, 2005. With
regard to this contract, the parties hereby make further explanation as follows:

1.    "Period of Validity: January 2005 - May 31, 2006" listed on the cover page
      (page 1) of the  Technological  Development  Contract  refers  to the time
      needed  to  carry  out  the  R&D of the  technology  concerned  (including
      small-scale  tests,  pilot scale  experiments and commercial tests) by the
      parties. The relevant terms ("exclusive right by Party A" in Article 4 (3)
      of the  Contract  and  "the  ownership  and  share  of  the  technological
      achievements" in Article 10 of the Contract) are beyond the restriction of
      the  "period  of  validity"  listed  on the  cover  page  (page  1) of the
      Technological Development Contract.
2.    The term "technology" used in Article 10 of the Technological  Development
      Contract  (the  ownership  and  share of the  technological  achievements)
      refers to the propriety right and the right of using the technology.
3.    This Agreement will become effective  immediately upon being signed by the
      legal  representatives  of both parties.  This  Agreement is made into ten
      originals, and each party shall hold five copies.

Confirmed by:

Party A: Shandong Haize Nanomaterials Co., Ltd
Authorized Representative: /s/ Jia Hongping
Signature:
Date:

Party B: Tsinghua University
Authorized Representative: /s/ Wang Xigong
Signature: Wang Yujun
Date: May 10, 2005

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}]]