Qingdao Jiajia Office Lease Contract (Translation)
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Exhibit
10.14
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Qingdao
Jiajia Office Lease Contract
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(Translation)
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Lessor:
Shandong Import & Export Co., Ltd.
Lessee:
Shandong Jiajia International Freight & Forwarding Co., Ltd.
Article
1. Property location
The
property is located at Golden ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ Road, Qingdao, China. The office has 1,776 square feet.
Articles
2. Lease Term
The Lease
Agreement shall be effective for one year, commencing from January 1, 2009 and
ending on December 31, 2009.
In the
occurrence of one of the following circumstances, the lessor can terminate the
lease and evict the lessee:
1. Without
consent from the lessor, the lessee subleases, transfers, or underleases to a
third party;
2. The
lessee conducts illegal activities in the leased property;
3. The
rent is overdue for half a month.
4.
When the
lessee does not move out by the eviction date, the lessor has right to file for
arbitration or law suit. The loss occurred to the lessor should be compensated
by the lessee.
When the
contract expires, the lessee has the priority to other parties to renew the
lease assumed the lessee offers the same as other prospective
tenant.
Articles
3. Rent and Payment
The
annual rent is approximately $20,346 (RMB 150,562). The rent is due
at the end of year.
Article
4. Property Maintenance
The
lessor is responsible for property maintenance to ensure the safety and
accessibility of the property. The lessee should cooperate with maintenance
projects. In the circumstance that the lessor cannot afford the maintenance, the
lessor can ask the lessee to jointly pay for the maintenance expenses. The
payment made by the lessee should be either offset from the rent or paid back by
the lessor on installment.
Article
5. Other Expenses
The
Lessee pays expenses of water, electricity and heating during the
term.
Article
5. Change of the lessor and the lessee
1. If
the lessor transfers the property ownership to a third party, the lease remains
effective to the new ownership.
2. If
the lessor is to sell the property, the lessor should give the lessee a notice
three months in advance. If the lessee offers the same price as other
prospective buyers, the lessee has the priority over others to obtain the
property.
3. If
the lessee needs to exchange residence with a third party, the lessee should
obtain the consent from the lessor.
Article
7. Penalty for the Breach of the Contract
No
applicable.
Article
8. Exceptions
If the
property is damaged due to force majeure and cause loss to the lessee, both
parties are exempt from penalty to the other party.
Article 9
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 local
court for trial.
Article
10 Miscellaneous
The lease
is part of the documents that the lessee should submit to local bureau of
industrial and commercial administration.
Article
11
For the
issues not addressed in this lease, both parties should comply with the Contract
Law and make amendments. The amendments, if there is any, have the same legal
validity as this lease.
Article
12
This
lease should be effective immediately upon sealing by the lessor and lessee
followed by verification by the local bureau of industrial and commercial
administration. There are two original copies, one held by each
party. One photocopy of the lease should be submitted to the local
bureau of industrial and commercial administration.
Lessor:
Shandong Import & Export Co., Ltd.
(Seal)
Date:
December 31, 2008
Lessee:
Shandong Jiajia International Freight & Forwarding Co., Ltd.
(Seal)
Date:
December 31, 2008