Exhibit 10.10
LEASE AGREEMENT
Lessor: (hereinafter referred to as party A)
Shanghai Likang Pharmaceuticals Co., Ltd
Lessee: (hereinafter referred to as party B)
Shanghai Likang Disinfectant High-tech Co., Ltd
Article 1. the Leased Area and Rent
The Lessor shall lease to the Lessee and the Lessee shall lease from the
Lessor the plant specified below: The area of this plant is 21,500 square
feet. The rent of the plant is $11,250 a year. Lessor provides Lessee with
water and power supply.
Articles 2. Lease Term
The Lease Agreement shall be effective for five years, commencing from
January 1, 2002 and ending on December 31, 2006.
Articles 3. Payment of rent
The rent is paid quarterly by Lessee.
Article 4. Other Expenses
The Lessee pays on monthly basis the following expenses: Electricity,
Water and tax.
Article 5. Termination of Lease Agreement
Without the written consent of the Lessor, the Lessee shall not terminate
the Lease Agreement during the lease term otherwise the Lessor shall be
entitled to forfeit the Deposit. Without the consent of the Lessee, the
Lessor shall not terminate the Lease Agreement during the lease term
except that force majeure occurs.
Article 6. Dispute Resolution
All disputes between the Lessor and Lessee shall be settled by
negotiation, if can not be resolved through negotiation, the dispute shall
be submitted to the authorized Arbitration Commission or the People's
Court for trial and the place of arbitration shall be determined by both
parties' agreement. The formal correspondence address shall be the address
stated in this agreement.
Article 7. Effectiveness
This agreement shall be effective immediately upon signing and sealing by
the Lessor and Lessee. The issues uncovered by the Lease Agreement may be
determined by the Parties with an Appendix to this Lease Agreement. The
Appendix shall be deemed as a part of this Lease Agreement and shall be
equally valid.
Lessor: Shanghai Likang Pharmaceuticals Co., Ltd
(Signature)
Date:
Lessee: Shanghai Likang Disinfectant High-tech Co.,ltd
(Signature)
Date:
