Tianjin Port International Car Exhibition Centre Showroom Lease-Supplementary Agreement
Exhibit
10.3
Tianjin
Port International Car Exhibition Centre
Party
A (“Lessor”): Tianjin Port International Car Exhibition
Centre
Party
B (“Lessee”): Tianjin Shisheng Investment Group Ltd.
Party
A
and B executed the leasing contract on January 10, 2007, contract number KG-Z17,
in which Party B, as the lessor, rents estate property located at B Hall,
Tianjin Port International Car Exhibition Center. In order to further the
cooperation between two parties and to incentive the further development of
the
Tianjin Port Exhibition, both parties agreed to enter the supplementary
agreement and obey the terms as settled hereinafter
| 1. |
Base
on the original contract Party A is responsible to assist Party B
to
obtain government financial grants equal to 50% of one year rental,
Party
A guarantee that Party B is taking this grants annually till the
termination of leasing contract. If Party B failed to obtain government
grants then Party A is going to provide Party B exemption equals
to 50% of
annual rental
|
| 2. |
Other
terms in the original contract keeps
valid
|
| 3. |
This
supplementary contract is legally binding as the original
contract
|
| 4. |
The
contract is in duplicate,
Party A and B holds one copy each
|
Party
A
(“Lessor”): Tianjin Port International Car Exhibition
Centre
(Seal)
Party
B (“Lessee”): Tianjin Shisheng Investment Group Ltd.
(Seal)
December
8, 2007
