Exhibit 10.9
LEASE AGREEMENT
Likang Lease Shanhai A 20050101 to 20101231
Lessor: (hereinafter referred to as party A) Shanghai Shanhai Group Co. Ltd
Lessee: (hereinafter referred to as party B) Shanghai Likang Disinfectant
High-tech Co., Ltd
Article 1. the Leased Area and Rent
The Lessor shall lease to the Lessee and the Lessee shall lease from the
Lessor the office specified below: The area of this office building is
14,000 square feet, located at Xx. 000 Xx Xxx Xxxxxx Xxxx, Xxxxxxxx. The
rent of the plant is $10,600 (RMB 85,00) per year for the first three
years. Starting from the fourth year, the rent will be raised by 10% each
year, plus a fixed land use fee of $4,375 (RMB 35,000) per year. Lessor
provides Lessee with water and power supply to ensure office operation.
Articles 2. Lease Term
The Lease Agreement shall be effective for six years, commencing from
January 1, 2005 and ending on December 31, 2010.
Articles 3. Payment of rent
The rent is paid in every 1st of June and 1st of December 1st by Lessee.
If Lessee fails to pay rent on time, the penalty is 1% of the total rent
each day. If Lessee fails to pay within six month, the lease is terminated
and Lessee is responsible for the loss and will face legal issues caused
therefrom.
Article 4. Other Expenses
The Lessee pays on monthly basis the following expenses: Electricity,
Water and tax.
Article 5. Termination of Lease Agreement
Without the written consent of the Lessor, the Lessee shall not terminate
the Lease Agreement during the lease term otherwise the Lessor shall be
entitled to forfeit the Deposit. Without the consent of the Lessee, the
Lessor shall not terminate the Lease Agreement during the lease term
except that force majeure occurs.
Article 6. Dispute Resolution
All disputes between the Lessor and Lessee shall be settled by
negotiation, if can not be resolved through negotiation, the dispute shall
be submitted to the authorized Arbitration Commission or the People's
Court for trial and the place of arbitration shall be determined by both
parties' agreement. The formal correspondence address shall be the address
stated in this agreement.
Article 7. Effectiveness
This agreement shall be effective immediately upon signing and sealing by
the Lessor and Lessee.
The issues uncovered by the Lease Agreement may be determined by the
Parties with an Appendix to this Lease Agreement. The Appendix shall be
deemed as a part of this Lease Agreement and shall be equally valid.
Lessor: Shanghai Shanhai Group Co, Ltd
(Signature) Wei Xxxx Xxxx
Date: February 25 , 2005
Lessee: Shanghai Likang Disinfectant High-tech Co.,ltd
(Signature) Xxx Xxxx Bian
Date: February 25 , 2005
