Exhibit 10.2 SHBV (HONG KONG) LTD. and WASTE2ENERGY GROUP HOLDINGS PLC STRATEGIC ALLIANCE AGREEMENT 1 THIS AGREEMENT IS MADE ON THE 19 DAY OF MAY , 2010 PARTIES (1) SHBV (HONG KONG) LTD, a company incorporated in Hong Kong whose registered office is at Unit 3208, 32/F Office Tower ("SHBV"); and Convention Plaza, 1 Harbour Rd, Hong Kong (2) WASTE2ENERGY GROUP HOLDINGS PLC a company incorporated in Isle of Man whose registered office is at Stanley House, Lord Street, Douglas, Isle of Man 1M1 2BF ("W2E"), each a "Party" and together the "Parties". BACKGROUND (A) SHBV is engaged in the business of design, marketing, manufacture, commissioning and post sales servicing of steam and hot water plant and possesses certain proprietary products, technologies, formulations, know-how and/or rights within the fields of steam and hot water plant and equipment, engineering, and process designs (hereinafter, "SHBV Technologies"). (B) W2E is a provider of engineered solutions for waste to energy plants (each being an "Engineered Solution") utilising W2E proprietary technology for the destruction of waste through gasification and the conversion of latent energy into thermal energy. (C) The Parties wish to collaborate together to provide for a world class manufacturing facility for W2E Equipment, for the integration of SHBV Technologies into the Engineered Solution and to exploit joint sales channels and post sales support, for the mutual benefit of both Parties. (D) The Parties wish to cooperate and work together to promote, market and sell their respective products and services in accordance with the terms of this Agreement. AGREED PROVISIONS 1. DEFINITIONS AND INTERPRETATION 1.1 In this Agreement, the terms and expressions below shall have the following meanings: 2 TH Affiliates means subsidiaries or other entities that will be mutually agreed in writing. Agreement means the body of this agreement and its schedules, as