Lease Agreement
Exhibit
10.28
This
Agreement is entered in Wuqing Tianjin on the day of January 1,
2009.
Party A: Tianjin Tianshi Group
Co., Ltd.
Party B: Tianjin Tianshi
Biological Development Co., Ltd.
Whereas
Party B has transferred most of the buildings’ ownership to Party A and Party B
desires and agrees to rent the buildings; therefore, Party A agrees Party B to
continue the rent of part of the transferred buildings. The details are showed
in Table 1 below: (named the rented buildings following up)
|
Order
|
Properties
|
Used
Size(M2)
|
General
Size(M2)
|
Proportion
(%)
|
|
1
|
Workshop
2 2F
|
1138.00
|
3245.00
|
35.07
|
|
2
|
Workshop
3 1F
|
345.00
|
3710.00
|
9.30
|
|
3
|
Workshop
3 4F
|
1485.00
|
3710.00
|
40.03
|
|
4
|
Workshop
8 3F ( Extractive station)
|
836.00
|
1484.00
|
56.33
|
|
5
|
Warehouse
(Raw Material Processing Workshop 2)
|
700.00
|
6960.00
|
10.06
|
|
Total
|
4504.00
|
|||
Table1:
|
1.
|
Party
A promises that Party B shall rent the rented buildings as of the date
this agreement is signed, until a) Party B no longer desires to use the
buildings; or b) the expiration of land the rented buildings
covers.
|
|
2.
|
Party
B shall rent the rented buildings without payment, but be in charge of the
utilities and maintenance bills.
|
|
3.
|
Party
A’s responsibilities:
|
|
a)
|
Party
A pays insurance fee for the premise and original facilities, and is
responsible for compensating Party B’s losses caused from the improper
behaviour the management staff and other users of Party
A.
|
|
b)
|
Party
A is obliged to satisfy Party B’s reasonable and legal requirements during
the lease period.
|
|
c)
|
Party
B shall timely notify Party A 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.
|
|
4.
|
Party
B ’s responsibilities:
|
|
a)
|
Party
B promises to comply with the law in People’s Republic of China during the
lease period.
|
|
b)
|
Party
B shall properly use and take good care of each facility, and avoid any
abnormal damages. Party B 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.
|
|
c)
|
Party
B shall keep the entire leased premise in a good condition when the term
of
|
|
|
this
agreement comes to the end. Party B shall reconvert everything to the
original state as Party A requires, except for normal wear and tear or
original defect.
|
|
d)
|
Party
B shall timely notify Party A the exact relocation date 60 days before
they move out of the buildings (the terminated date of this agreement).
All the properties in the buildings should be counted before Party B moves
out and all that listed above shall be moved out of the buildings within
the negotiated time.
|
|
5.
|
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.
|
|
6.
|
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 court on which the People’s Republic of China
has the jurisdiction.
|
|
7.
|
This
agreement has four originals, and each party shall keep two of
them.
|
|
8.
|
This
agreement shall be effective from the date on which both parties sign on
it.
|
|
Party
A(Signature):
|
Party
B(Signature):
|
|
|
Tianjin
Tianshi Group Co., Ltd.
|
Tianjin
Tianshi Biological Development Co., Ltd
|
|
|
Address:
|
Address:
|
|
|
Xx.0
Xxxxxxxx Xxxx, Xxx-Xxxx Xxxxxxxxxx Xxxx, Xxxxxxx, Xxxxx
|
Xx.0
Xxxxxxxx Xxxx, Xxx-Xxxx Xxxxxxxxxx Xxxx, Xxxxxxx, Xxxxx
|
|
|
Legal
Representative:
|
Legal
Representative:
|
|
|
/s/ Xxxxxxx Xx
|
/s/ Xxxxxxx Xx
|
|
|
Xxxxxxx
Xx, President
|
Xxxxxxx
Xx, Director
|
|
|
Date:
January 4, 2009
|
Date:
January 4, 2009
|
|
