Supplemental Agreement
Lessor（Party A）： Penglai City Gold Mining Holding Co. Ltd.
Address / Zip code: Xx.00 Xxxxxxxx Xxxx, Xxxxxxx / 000000
Xxxxxx（Party B）： Penglai XinGuan Investment Ltd.__ _
Address / Zip Code: Xxxxxxxxxx Xxxxxxx Xxxx, Xxxxxxx Xxxx, Xxxxxxx / 000000
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1)
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This is a supplemental agreement to the Operating Lease Agreement dated May 4, 2009 made between Party A and Party B regarding the leasing of all assets of the Cunliji gold mine (“the Lease Property”) to Party B. Both parties understood that the title transfer of the mining license of the Lease Property (Gold-State Approval (2008) No.17) to Party B is still in progress.
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2)
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Both parties have mutually agreed on the followings regarding the leasing of all assets of the Lease Property to Party B under the principle of fairness and willingness:
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2.1 To extend the lease term of the Lease Property from January 3, 2011 to July 3, 2011.
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3)
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Matters not covered in this agreement shall be negotiated in a supplemental agreement which shall have the same legal effect with this agreement.
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Penglai City Gold Mining Holding Co. Limited
Legal/Authorized Representative: (signed and sealed)
/s/ Xxxx Xxxxx
Name: Xxxx Xxxxx
Title: Director
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Party B (Company Seal)
Penglai XinGuan Investment Limited
Legal/Authorized Representative: (signed and sealed)
/s/ Xxxxx Xxxxx
Name: Xxxxx Xxxxx
Title: Director
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Signed on: January 3, 2011
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Signed on: January 3, 2011 |
