PROTOTYPE PRODUCT DEVELOPMENT AGREEMENTPrototype Product Development Agreement • May 9th, 2008 • Universal Solar Technology, Inc.
THIS DEVELOPMENT AGREEMENT (“Agreement”) is entered into and effective as of this 29th day of April 2008, by and between Kuong U Science & Technology (Group) Ltd. (hereinafter referred to as “Party A”), a corporation organized and existing under the laws of Macau, and having its principal office at No. 1 Pingbei Road 2, Nanping Science & Technology Industrial Park, Zhuhai City, Guangdong Province, China and Zhuhai Yuemao Laser Facility Engineering Co., Ltd. (hereinafter referred to as “Party B”), a Chinese company organized under the laws of the People’s Republic of China (“PRC”) and having its registered office at No.1 Pingbei Road 2, Nanping Science & Technology Industrial Park, Zhuhai City, Guangdong Province, China. Party A and Party B are each referred to herein as a “Party” and collectively as the “Parties.”
