Valuation Agreement - Hebei Jinglong Industry and Commerce Group Co. Ltd., Australia PV Science & Engineering Co. and Australia Solar Energy Development Pty Ltd.
English translation for reference purpose only
VALUATION AGREEMENT
This is made on May 6, 2005 in Ningjin County, Hebei Province, by and among the following Parties:
PARTY A: HEBEI JINGLONG INDUSTRY AND COMMERCE GROUP CO., LTD.
Legal Address: Jinglong Street, Ningjin County
Legal Representative: Mr. Jin Baofang
PARTY B: AUSTRALIA PV SCIENCE & ENGINEERING CO.
Legal Address: No. 49, Chamsler Square, Matwale City, New South Wales, Australia
Authorized Representative: Dai Ximing
PARTY C: AUSTRALIA SOLAR ENERGY DEVELOPMENT PTY LTD.
Legal Address: Suite11, 7/F Nationals Plaza, No. 250 Peter Street, Sydney, New South Wales, Australia
Authorized Representative: Yang Huaijin
WHEREAS,
Party A, B and C intent to jointly invest in and establish the sino-foreign joint venture Ningjin Jinglong China-Australia Solar Development Co., Ltd. in Ningjin County, Hebei Province.
NOW, THEREFORE, after friendly consultation, the Parties agree as follows:
| 1. | Parties agree that Party B may contribute its know-how "Proprietary Technology on Silicon Solar Cell Production" to the registered capital of Ningjin Jinglong China-Australia Solar Development Co., Ltd. |
| 2. | Parties agree that the above know-how shall be evaluated to be Renminbi 9,000,000 yuan. |
PARTY A:
HEBEI JINGLONG INDUSTRY AND COMMERCE GROUP CO., LTD. (SEAL)
| By: |
/s/ Jin Baofang |
|
| Jin Bao Fang |
English translation for reference purpose only
| PARTY B: | ||
| AUSTRALIA PV SCIENCE & ENGINEERING CO. | ||
| By: |
/s/ Dai Ximing Dai Ximing |
|
| PARTY C: | ||
|
AUSTRALIA SOLAR ENERGY DEVELOPMENT PTY LTD. |
||
| By: |
/s/ Yang Huaijin Yang Huaijin |
|
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