Technical Cooperation Agreement on Elimination of Idle Condition between Metering roller and Dampening distributor of Printing Machine
EXHIBIT 10.18
on
Elimination
of Idle
Condition between
Metering roller and Dampening distributor of Printing Machine
Project
Name: Elimination of Idle Condition between Metering roller and Dampening
distributor of Printing Machine
Project
Proposed by: DuoYuan Digital Printing Technology Industry (China) Co.,
Ltd.
Co-developer:
Xi’an Technology University (Party B)
Place
Signed: Daxing, Beijing
Date
Signed: April 22, 2006
Term
of
Validity: from April 22, 2006 to April 21, 2008
In
accordance with the Contract Law of the People’s Republic of China and after
mutual negotiation, both parties hereto enter into this agreement (the
“Agreement”) on the technical cooperation in the project of elimination of Idle
Condition between Metering roller and dampening distributor (the
“Project”).
I.
Content, Form and Requirements of Subject Technology:
|
(1)
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Eliminate
Idle Condition of printing machines and guarantee their stable operation.
|
|
(2)
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Enable
free selection of realization path of principles or
structures.
|
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(3)
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All
structures or principles are required to be based on theories and
experiment and validation plans shall be in place when necessary.
|
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(4)
|
Key
plan review is required on finalization or specific implementation
of
design plans and rigorous design quality review shall be conducted
to
ensure effectiveness and usability of research results.
|
II.
Research and Development Plan:
|
(1)
|
Both
parties’ technology research and development personnel shall spend 1-2
months in finding and classifying problems in the plant of Party
A.
|
|
(2)
|
Both
parties shall jointly develop, discuss and finalize an improvement
plan
within one month.
|
|
(3)
|
The
research and development personnel of both parties respectively carry
out
technical reform, research and development efforts as per the finalized
plan, and summarize, discuss and review the results when reaching
certain
point of progress.
|
|
(4)
|
The
total length of the technical reform shall be two
years.
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III.
Pattern of Cooperation:
|
(1)
|
The
Project is treated as the subject of theses of Party B’s students for
master’s degree.
|
|
(2)
|
Party
A will provide the model machine and cover all expenses incurred
in
Beijing by the personnel of Party
B.
|
|
(3)
|
Party
A will cover the cost of all materials used during the development.
|
|
(4)
|
The
ownership and intellectual property rights to the research and development
results shall vest in Party A.
|
|
(5)
|
Party
B shall own the copyrights of the results and their ownership in
the
academic domain, but shall not own the proprietorship allowing
transformation of the results into products.
|
IV.
Equipment, instruments and materials purchased for the purpose of the research
and development shall belong to Party A and Party B shall be the owner of such
auxiliary tools and devices as computers used for design work.
V.
Term,
Place and Way of Performance:
The
Agreement shall be performed in Beijing and Xi’an during the term from April 22,
2006 through to April 21, 2008.
VI.
Intellectual Property Rights Covenant: Party A will exclusively own the
intellectual property right of the technology and after completion of the
Agreement, Party B shall solely be entitled to the use right and copyright
of
the technology as well as the ownership thereof in the academic domain, but
will
not possess its proprietorship that allows transformation of the technology
into
products, and shall strictly comply with the Law on Protection of National
Secrets without stealing and divulging such secrets or donating, re-selling
the
technology to any other third person.
VII.
Standards and Process of Inspection and Acceptance:
The
technical results accomplished in the research and development shall achieve
elimination or basic elimination of Idle Condition between Metering roller
and
dampening distributor. Standards of Inspection and Acceptance: The sample
machine is required to be free of Idle Condition phenomenon after trial
operation for more than half a year.
VIII.
Settlement of Disputes:
Both
parties shall negotiate with each other to settle disputes occurring during
performance of the Agreement. If both parties are unwilling to seek such
settlement through mutual negotiation or conciliation, or if the negotiation
or
conciliation effort has failed, both parties agree to resolve the dispute(s)
using the
1st method
described here below:
|
(1)
|
Submit
any dispute arising from the Agreement to the arbitration commission
in
the place of signing of the Agreement for settlement through
arbitration.
|
|
(2)
|
Settle
the dispute(s) through legal proceedings.
|
Party
A:
/s/ DuoYuan Digital Printing Technology Industry (China) Co., Ltd.
Address:
#3 Jinyuan Road, Daxing Industrial Development Zone, Daxing District, Beijing,
102600
Tel:
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Signature/Seal
by Person in Charge:
Party
B:
/s/ Xi’an Technology University
Address:
#4 Jinhua Road (North), Xi’▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇
Tel:
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Signature/Seal
by Person in Charge: