Lease Contract
Exhibit 10.16
Party A: Guifang Qi
Party B: Harbin Yew Science and Technology Development Co., Ltd.
It is hereby agreed between both parties as follows:
| 1. | Party A agreed to lease the property with a usable area of 40m2 (Room 101, No. 000-0, Xxxxx Xxxxxx, Xxxxxxx Xxxxxxxx) to Party B. |
| 2. | Lease term and rental |
The lease term will be from December 3, 2008 to December 3, 2011. The premise will be provided rent-free for the first year. Party B shall pay the annual rental of RMB 12,000 to Party A from December 3, 2009.
| 3. | Payment |
Full payment of RMB 12,000 should be made before December 3 each year.
| 4. | Obligations of both parties |
| (1) | During the lease term, Party A will provide water and electricity supply certificate to Party B. Party B agrees to make full payment of the utilities fees. |
| (2) | During the lease term, Party B shall not damage the original facilities in the premise or change the pattern of the premise. |
| (3) | During the lease term, without prior consent of Party A, Party B shall not sublease the premise to any third party. |
| 5. | There are two (2) originals of this Contract. This Contract shall become effective upon the execution by both parties. |
Party A: (Sign or Chop) Guifang Qi
Party B: (Sign or Chop)
Harbin Yew Science and Technology Development Co., Ltd.
Xxxxxx Xxxx
December 3, 2008
