Lease Agreement
Exhibit
10.21
Party
A (hereinafter referred to as the “Group”):
Tianjin
Tianshi Group Co., Ltd.
Party
B (hereinafter referred to as the “Biological”):
Tianjin
Tianshi Biological Development Co., Ltd.
Group
and
Biological sign this agreement whereby Biological uses Group’s premise and
relevant facilities on the basis of equality, mutual benefit, honesty and
friendly negotiation. Both parties shall observe this agreement.
1. |
Group
provides Biological the offices and relevant facilities set forth
in
Exhibit “A” that are located at Xx. 0 Xxxxxxxx Xxxx, Wuqing New Tech
Industrial Park, Tianjin, China.
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2. |
The
lease term is for one years commencing on January 1, 2008, and ending
on
December 31, 2008.
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3. |
Biological
pays rent and management fee to Group at 1% of its sales
revenue.
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4. |
Biological
pays monthly management fee through bank transfer before the 15th
of each
month.
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5. |
Group’s
responsibilities:
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a)
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Group
shall insure that all the facilities in the premise run properly,
provide
maintenance for premise on regular basis, and bear all the corresponding
expenses. Group shall compensate Biological’s losses caused from improper
maintenance or management of the premise and its attached facilities
by
Group.
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b)
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Group
pays insurance fee for the premise and original facilities, and is
responsible for compensating Biological’s losses caused from the improper
behavior the management staff and other users of
Group.
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c)
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Group
is obliged to satisfy Biological’s reasonable and legal requirements
during the lease period.
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d)
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Biological
shall timely notify Group to take effective measures for any damages
or
malfunction existing or happening on the premise that may affect
the safe
and normal use of the premise.
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6. |
Biological’s
responsibilities:
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a)
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Biological
promises to comply with the law in People’s Republic of China during the
lease period.
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b)
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Biological
pays relevant expenses to Group by the time that is stipulated in
this
agreement.
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c)
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Biological
shall properly use and take good care of each facility, and avoid
any
abnormal damages. Biological shall be responsible for timely maintenance
or compensation for any malfunctions on the premise and its internal
facilities caused from its misuse or inappropriate
use.
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d)
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Biological
shall keep the entire leased premise in a good condition when the
term of
this agreement comes to the end. Biological shall reconvert everything
to
the original state as Group requires, except for normal wear and
tear or
original defect.
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7. |
Biological
shall pay a fine for any delays in rental payment. Biological shall
be deemed to have withdrawn from this agreement provided Group incurs
any
losses caused from Biological’s late rental
payment.
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8. |
Group
shall be responsible for compensating Biological’s losses caused from
Group breaching the stipulated clauses in this
agreement.
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9. |
Any
matters not covered in this agreement shall be further negotiated
between
two parties, and a
supplemental agreement shall be made. The supplemental agreement
and this
agreement shall be equally valid.
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10. |
Both
parties shall solve the disputes arising from the execution of this
agreement through negotiation. In the case that an agreement cannot
be
reached, according to the law in People’s
Republic of China,
any party may summit the dispute to the People’s Court where the premises
locate.
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11. |
This
agreement has four originals, and each party shall keep two of
them.
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12. |
This
agreement shall be effective upon the signatures and seals executed
by
both parties.
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Party
A (Signature):
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Party
B (Signature):
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Tianjin
Tianshi Group Co., Ltd.
[COMPANY
SEAL AFFIXED]
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Tianjin
Tianshi Biological Development Co., Ltd
[COMPANY
SEAL AFFIXED]
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Address:
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Address:
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Xx.0
Xxxxxxxx Xxxx, Xxx-Xxxx Xxxxxxxxxx Xxxx, Xxxxxxx, Xxxxx
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Xx.0
Xxxxxxxx Xxxx, Xxx-Xxxx Xxxxxxxxxx Xxxx, Xxxxxxx, Xxxxx
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Legal
Representative
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Legal
Representative
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/s/
Xxxxxxx Xx
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/s/
Xxxxx
Xx
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Xxxxxxx
Xx, President
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Xxxxx
Xx, Director
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Date:
January 17, 2008
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Date:
January 17 , 2008
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