Exhibit 10.11
Sino-Foreign Joint Venture Agreement
Party A: Migration Developments Limited
Party B: Shanghai Dongyi Scientific Technology Engineering Co.
This Agreement is hereby made on 7th July 2000 between Party A and Party B under
the following terms and conditions:
1) Party A and Party B entered into an agreement to form a new company named
Shanghai Shangyi Science and Trade Information Consulting Co., Ltd.
("Shangyi), with a registered capital of US$180,000.00.
2) Party A owns 70% of Shangyi and Party B the remaining 30%. The two parties
have contributed US$ 126,000.00 and US$ 54,000.00 respectively.
3) Shangyi agrees to acquire 100% of the equity interests of Shanghai Tongji
Construction Materials Technology Sales Services Co., Ltd. at an aggregate
price of RMB 1,457,140.00. That consists of RMB 1,020,000.00 from Migration
Developments Limited and RMB 437,140.00 from Shanghai Dongyi Scientific
Technology Engineering Co.
Party A: Party B:
Migration Developments Limited Dongyi Scientific Technology Engineering
Co.
Signed by C.K. Wong Signed by Wang Jin Quan
Director Director
Date: 2000/7/7 Date: 2000/7/7
