Real Property Lease Agreement
Exhibit
10.18
Party
A:
Shanghai
Fengxian Livestock and Fishery Co., Ltd.
Party
B: Shanghai
Ritar Power Co., Ltd.
| 1. |
Party
A will lease the factory building located at Xx. 0000, Xxxxxxxx Xxxx,
Xxxxxxxxx Xxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxxx (with constructed area
of
13,000 square meters) to Party B.
|
| 2. |
The
lease term shall be from 1 July 2003 to 30 June
2016.
|
| 3. |
The
lease rental is RMB 1,000,000 Yuan per year and shall be paid to
Party A
without delay at the beginning of each year from the signed day of
this
Agreement.
|
| 4. |
Party
A shall bear of the liability for maintenance of the property. Party
B
shall take good care of the leased premise during the lease term
and shall
not make any damages. Otherwise, Party B will be responsible to compensate
any damages of the leased houses caused by its fault and negligence.
Party
B shall obtain the consent of Party A to decorate the houses if necessary
for business and sign another
agreement;
|
| 5. |
Party
A shall bear the lease tax of the leased
premise.
|
| 6. |
This
Agreement shall come into effect once it is signed or stamped by
both
parties. In case of breach of contract by any party, the breaching
party
shall bear the relevant liabilities and compensate the loss incurred
to
the other party by its breach of
contract.
|
| 7. |
Termination
and dissolution of this Agreement.
|
| 8. |
Other
issues
|
Party
A
Shanghai
Fengxian Livestock and Fishery Co., Ltd
(Corporate
Seal)
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Party
B
Shanghai
Ritar Power Co., Ltd
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By:
|
/s/
Jiada Hu
|
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|
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Name:
Jiada Hu
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Sign
Date: 1 July 2003
