Document:

Unassociated Document

    Exhibit
      10.21

    

    TECHNOLOGY
      LICENSE AGREEMENT

     

    
      
        	
                Party
                  A (Licensor):

              	
                Chang
                  Yu

              
	 	 
	
                Party
                  B (Licensee):

              	
                Harbin
                  Pacific Dragon Fertilizers Co., Ltd.

              
	
                Legal
                  Representative:

              	
                Chang
                  Yu

              

      

       

    

    Recital

    

    WHEREAS,
      China Agritech, Inc. (the “Company”), Yu Chang, and the investors named therein
      have agreed to enter into that certain Securities Purchase Agreement, dated
      July
      5, 2007 (the “Purchase Agreement”), among the parties thereto. Pursuant to
      Section 5.1(f) of the Purchase Agreement, the term of the license agreement
      between Chang Yu and Pacific Dragon Fertilizers Co. Ltd. (a subsidiary of the
      Company), that authorizes Pacific Dragon Fertilizers Co. Ltd. to use the
      know-how in manufacturing organic liquid compound fertilizer owned by Chang
      Yu
      for free, must be extended until December 31, 2011. This renewal of license
      agreements extends the terms of such license agreement.

    

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

    

    1.    
      Name of the Technology: production process and formula of "Tailong" Lvilingboa
      liquid compound fertilizer.

    

    2.    Methods
      of Scope: Party A authorizes Party B to use the Technology for free in its
      production and business activities. 

    

    3.    
      Term: from the date on which Party A licenses Party B the Technology to December
      31, 2011.

    

    4.    
      Obligations of Party A:

    

    
      	
            	(a)	
              Party
                A shall continue to provide the materials and instruction of the
                Technology after this Agreement takes into effect;
                

            

    

    

    
      	
            	(b)	
              Party
                A undertakes that Party A is the legal owner of the Technology and
                does
                not use on his own or license the Technology to any other party except
                Party B;

            

    

    

    
      	
            	(c)	
              During
                the term of this Agreement, Party A shall not provide the Technology
                to
                any third party or use the Technology himself, and keep the
                confidentiality of the Technology. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5.    
      Obligations of Party B:

    

    (a) Party
      B
      shall not misappropriate the Technology in connection with any illegal
      activities; 

    

    (b) Party
      B
      shall keep the Technology confidential during the term of this agreement and
      after the expiration of the term of this Agreement.

    

    6.    
      In the event that a Party breaches the Agreement and causes damages to the
      other
      Party, the breaching party should be obligated to compensate.

    

    
      	7.	 	
              In
                the event a dispute arises between Party A and Party B in connection
                with
                the implementation of this Agreement, the Parties shall settle such
                dispute through friendly consultations. If the consultation fails
                to lead
                to an agreement , either party can bring a lawsuit to a People’s court
                having jurisdiction. 

            

    

    

    8.
          This agreement shall become effective as of the date when
      both parties sign and/or affix seals to it.

    

    9.
          This agreement consists of two originals. Party A and Party B
      each retain one copy with the same legal effect.

     

    
      Party
        A:

      

      __Yu
        Chang____________

      Yu
        Chang

      

      Date:
        __July
        5, 2007______

      

      Party
        B:
 Pacific
        Dragon Fertilizer Co., Ltd

      

      

      By:__Yu
        Chang_________

      Name:
        Yu
        Chang

      Title:
        President

      

      Date:
        __July
        5, 2007_____Unassociated Document

    Exhibit.
      10.23 

    Employment
      Agreement

    

    This
      Employment Agreement (this "Agreement"), dated as of 8 May 2007, is entered
      into
      between China Agritech Inc. (the Company), with its principal office at room
      706-707, No8. Dongdaqiao Road, Chaoyang District, Beijing, China and Kelviz
      Lim
      Kok Siak ("Employee"), residing at Changshou Road, Lane 1028, Block 34, Unit
      2504, Shanghai 200042, China.

    

    WHEREAS,
      the Company desires to retain Employee's services as Financial Controller,
      and
      Employee desires to be retained by the Company to serve as Financial
      Controller.

    

    NOW
      THEREFORE, for good and valuable consideration, the sufficiency of which is
      hereby acknowledged by the parties, the parties hereto hereby agree as
      follows:

    

    Compensation
      and Benefits. 

    The
      Company shall pay the following compensation and provide the following benefits
      to Employee during the Term of Employment:

    

    Base
      Salary.
      

    

    Employee
      shall receive a base salary of RMB720,000 per annum (the "Base Salary")
      effective 1 July 2007, which is payable on a 12 months basis, in accordance
      with
      the customary payroll practices of the Company. If the rate of Base Salary
      per
      annum paid to Employee is increased during the Term of Employment, such
      increased rate shall thereafter constitute the Base Salary for all purposes
      of
      this Agreement. Employee's Base Salary shall not be decreased during the Term
      of
      Employment without the mutual consent of Employee and the company. 

    

    Employee
      shall agree to have a probation period for three months, within this probation
      period, employee shall receive a monthly salary of RMB55,000.

    

    This
      Employment Agreement may be terminated with not less than two month’s notice in
      writing or payment in lieu of notice on either side. 

    

    Bonus
      Compensation 

    

    Employee
      will be eligible to participate in the Company's annual bonus incentive
      compensation program for senior employees and executives. The actual award
      will
      be earned on the basis of Employee's individual performance as well as the
      performance of the Company.

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    Annual
      leave

    

    Employee
      will be entitled to 20 working days paid annual leave each calendar year and
      on
      pro-rated basis for services rendered less than a year

    

    Insurance
      Cover

    

    Employee
      and his spouse will be covered by an insurance policy which covers Employee
      and
      his spouse for accidental death and permanent disability. Employee and his
      spouse will also be covered by an insurance policy which covers for personal
      accident and emergency evacuation when employee and his spouse travel
      abroad.

    

    Medical
      Cover

    

    Medical
      cover is provided for consultation, medication and hospitalization.

    

    Employee
      and his spouse are entitled to medical cover. Consultation, medication and
      hospitalization incurred both within and outside People’s Republic of China
      (“PRC”) will be paid on reimbursement basis. 

    

    The
      medical covers mentioned above include maternity services. 

    

    Home
      Trip Allowance

    

    Employee
      and his spouse will be entitled to a home trip allowance of RMB20,000 each
      calendar year and on a pro-rated basis for services rendered less than a
      year.

    

    Relocation
      Assistance

    

    Employee
      will be entitled to relocation assistance allowances of equivalent to one month
      of base salary.

    

    Responsibility
      and contents:

    

    	1.  	
            In
              accordance with US GAAP, the employee should set up the consolidation
              accounting forms and verify the financial reports for the
              Company.

          

    	2.  	
            The
              employee should coordinate with external auditor to accomplish auditing
              of
              forms in time.

          

    	3.  	
            The
              employee should compliance and implementation for internal control
              and
              corporate governance in accordance with Sarbanes-Oxley Act
              404.

          

    	4.  	
            In
              accordance with the arrangement and request of transferring to the
              main
              board, the employee should coordinate with attorney, auditor, financial
              advisor and IR firms, and work out and file the relevant
              documents.

          

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    Responsibility
      and contents: (continued)

    

    	5.  	
            The
              employee should harmonize the relationship between SEC and NASDAQ.
              According to their regulations, the employ should file relevant reports
              and documents in time.

          

    	6.  	
            The
              Employee should organize information disclosure, and coordinate with
              investor relation.

          

    	7.  	
            The
              Employee should participate in or organize financing and operating
              of
              capital market.

          

    	8.  	
            The
              Employee should manage the relationship with agent and media, find-tune
              the public relationship.

          

    	9.  	
            The
              Employee should follow up, understand and control regulations relating
              to
              listing, transferring to main board, financing and acquisition to the
              board of director in time.

          

    	10.  	
            The
              Employee should participate in examining financial system regulation.
              Supervise the financial operating and income and expense of capital
              of
              subordinates.

          

    	11.  	
            The
              Employee should participate in examining material financial decisions.
              Draft projects of accounting budget and finial
              accounting.

          

    	12.  	
            The
              Employee should carry out financial supervision of the material operating
              projects proved by the board of director.

          

     

    Indemnification

    

    Except
      for fulfill his obligation or carry out rules and regulation, the Employee
      promises that never disclose business secret to third party by any means without
      the Company’s permission during the term of engagement or after the end of
      engagement. Including but not limited: 

    1.
      Indemnification item in material decision of the company

    2.
      Business strategy, operating goals, projects, items and decision which have
      not
      been implemented by the company.

    3.
      Contracts, agreement, letter of intent, technical data, availability report
      and
      records of important meeting controlled by internal company. 

    4.
      Financial budget and final accounting reports and various internal financial
      and
      statistic forms.

    5.
      All
      information controlled by the company has not been disclosed
      publicly

    7.
      Information, data, invent and situation whose public disclosure may cause
      negative effect to the company

    6.
      Internal documents, management projects, human resource filings, salary system,
      wages income and data.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, Employee and the authorized representative of China Agritech
      Inc, execute and enter into this Agreement as of the date first written
      above.

     

    
      	EMPLOYEE	 	 	China Agritech Inc
	 	 	 	 
	 	 	 	 
	 	 	 	 
	/s/ Lim
              Kok
              Siak	 	 	/s/ Yu
              Chang
	
              
Mr.
              Lim Kok Siak	 	 	
              
Name:
              Yu Chang
	Passport
              No:
Date: May 8, 2007	 	 	Title:
              Chief
              Executive Officer
Date: May 8,
              2007

    
      
         

      

      
        4

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