Jilin Agriculture University and China Organic Agriculture Inc.
Cooperation Agreement
Party A: Jilin Agriculture University
Party B: China Organic Agriculture Inc.
This purpose of this agreement is to strengthen Jilin Agriculture
University's development of talent amongst its students and faculty, and to
facilitate its technology and innovation development, as well as to improve the
production operations of China Organic Agriculture Inc.
1. Rights and Responsibilities
Party A:
a. A will support B in production operations and provide B with
technical information and services regarding agriculture.
b. A will provide B with first hand results from their research and
development; A will also develop necessary techniques and management
training.
c. A will help B establish an improved grain development base and
provide direction and training regarding B's cultivation of such
base. When B places an order for newly developed seeds, A will
evaluate the order and determine if they will be able to provide the
seeds. If the order is signed off, A will be responsible for
providing B with new types of seeds.
d. A will assist B in establishing a raw material production base, and
will provide B with technical training and information on soil,
plantation techniques, and plant protection.
e. A will perform research and development according to B's requests
and provide new products and technology to B.
Party B:
a. B will support A in the development of agricultural talent among A's
professors and student body and will provide A with relevant
information, curriculum and employment opportunities.
b. B will provide A with the necessary capital for development and
technology information and services.
c. B will provide A with a fixed amount of money for research and
scholarship. All research and development achievements will be held
and shared between A and B, and B will have the right to utilize any
new research, findings and advances in the agricultural sciences
made by A.
d. B will acquire production seeds and products and be financially
responsible for these acquisitions
e. B will keep any research, findings and advances which A attains
confidential; any changes to the policy regarding confidentiality
matter will be resolved on a case-by-case basis.
2. Breach of Contract
Any party who is found or adjudged to have breached this contract will be
solely responsible for any losses incurred by or arising from the breach
of contract. Any conflict between, or proposed action on the part of one
or both of the parties, which could result in a breach of this contract
must be the subject of good-faith negotiation or voluntary arbitration
between the parties.
3. Effective Date and Others
Contract is effective when signed and it will last until December 30th
2010.
Party A: Jilin Agriculture University Huzhi Xiao
Party B: China Organic Agriculture Inc. ▇▇▇▇ ▇▇▇▇
September 11th 2007
