EXHIBIT 10.18
LEASE AGREEMENT
Likang Lease Henglian Lianxi Village II
Lessor: (hereinafter referred to as party A) Shanghai Henglian Industrial 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 warehouse and field specified below: The area of this
warehouse and field is 592.6 square meters and 164 square meters
respectively, located at Lianxi Village. The rent of the plant is fixed
at $13662.5 (RMB 109,300) per year for the first three years. Lessor
provides Lessee with water and power supply to ensure office operation.
Articles 2. Lease Term
The Lease Agreement shall be effective for two years, commencing from
November 1, 2005 and ending on October 31, 2007.
Articles 3. Payment of rent
The rent is paid in every quarter by Lessee. If Lessee fails to pay
rent on time, the penalty is 30% of the total rent each year. If Lessee
fails to pay within one 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 Henglian Industrial Company
(Signature) Feng ▇▇▇▇▇ ▇▇▇▇
Date: September 16, 2005
Lessee: Shanghai Likang Disinfectant High-tech Co., Ltd
(Signature) ▇▇▇ ▇▇▇▇ Bian
Date: September 16, 2005
