EX-10 9 ex1016.txt EXHIBIT 10.16 LEASE AGREEMENT Likang Lease Shanhai B 20060301 to 20110228 Lessor: (hereinafter referred to as party A) Shanghai Shanhai Group 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 place specified below: The area of this office building is 8,830 square feet (820 square meter), located next to the office. The rent of the plant is $16,188 (RMB 129,500) per year for the first three years. Starting from the fourth year, the rent will be raised by 8% each year. Lessor provides Lessee with water and power supply to ensure office operation. Articles 2. Lease Term The Lease Agreement shall be effective for six years, commencing from March 1, 2005 and ending on February 28, 2011. Articles 3. Payment of rent The rent is paid in every 1st of June and 1st of December 1st by Lessee. If Lessee fails to pay rent on time, the penalty is 1% of the total rent each day. If Lessee fails to pay within six month, the lease is terminated and Lessee is responsible for the loss and will face legal issues caused therefrom. 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 Shanhai Group Co, Ltd (Signature) Wei Dong Yang Date: December 15 , 2004 Lessee: Shanghai Likang Disinfectant High-tech Co.,ltd (Signature) Jue Wang Date: December 15 , 2004