Lease Agreement
Exhibit 10.29
[English Summary]
Lessor/Party A: Fujian Taining Golden Lake Tourism Economic Development Management Committee
Lessee/Party B: Fujian Jintai Tourism Development Co., Ltd.
Pursuant to the Fujian Taining Great Golden Lake Tourism Project Management Agreement effective August 21, 2001, both parties agree to the following:
Party A shall lease the land to Party B according to this Agreement. The local government shall have the administrative rights to the land.
Term:
From August 21, 2001 to August 20, 2031.
Rental Fees:
The fees have been included in the Permit Fees/Mangement Fees as provided in the Fujian Taining Great Golden Lake Tourism Project Management Agreement.
Jurisdiction:
Laws of China
Dispute:
If there is any dispute between the parties, either party can resolve the dispute by the courts.
Date of the Agreement:
October 30, 2001
