Lease Agreement
Xxxxxx:
Shaanxi Hede Venture Capital Management Co., Ltd. (“Party A” below)
Leasee:
Shaanxi Tianren Organic Food Co., Ltd. (“Party B” below)
Signing
Place: Xi’an City
Accordance
with relevant regulations of Contract Law of the People’s Republic of China,
with regard of property leasing, both parties agree and are compliant with
that:
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1.
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Object
of leasing: all
the asset, which belongs to factory area of Huludao Wonder Fruit
Co.,
Ltd., owned by Shaanxi Hede Venture Capital Management Co.,
Ltd.
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2.
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Party
B is responsible for the inspection, installation, testing, using,
maintenance, repair and management of land, buildings, and
equipments.
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3.
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The
ownership of property during the term of leasing belongs to Party
A. For
special circumstances, Party A has the right to collect it. However,
Party
A need to state the situation to Party B, and notify in written to
Party B
15 days in advance. Party B should finish the returning of property
within
30 days and settle the leasing fee
balance.
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4.
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During
the term of leasing, Party B has the usage right of property, provided,
he
should not transfer, lease or mortgage as property. Party A has the
right
to check the usage and condition of property, and Party B should
provide
all convenience.
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5.
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Calculation
on Leasing Fee
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(1)
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The
term of Leasing is one year (e.g. from July 1, 2007 to June 30, 2008).
The
leasing fee is RMB 300,000/ month (RMB three hundred thousand per
month).
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(2)
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Party
B firstly pays half year of leasing fee of RMB 1.8 million (RMB one
million eight hundred thousand) and fulfillment deposit of RMB 1.2
million
(RMB one million two hundred thousand), totaling XXX 0 xxxxxxx (XXX
three
million) within ten business days after the agreement is
sighed.
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6.
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During
the term of leasing, any party should bear the default liability
if it
breaks the agreement. The party who incurs damage should bear
corresponding damage indemnification
liability.
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7.
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This
agreement is effective after it is signed and sealed by both parties.
This
agreement has two originals and each party holds one. If any dispute
rises, both parties consult to resolve. If negotiation is unable
to
resolve, litigate to the jurisdiction of the People’s Court, which is
located in the place where the agreement is
signed.
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Party
A:
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Shaanxi
Hede Venture
Capital Management Co., Ltd.
(Sealed)
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|
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Entrusted
Representative: Xxxxx
Xxxx (Sealed)
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June
2,
2007
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Party
B:
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Shaanxi
Tianren Organic
Food Co., Ltd.(Sealed)
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|
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Entrusted
Representative: Xue
Hongke (Sealed)
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June
2,
2007
