Exhibit 10.7
August , 2007
Xxxx Xxxx China Xxx Xxx Trading Co., Ltd.
Golden Central Tower
Jintian Road, Futian District
Shenzhen, P.R. China
Re: China Resources Ltd.
Gentlemen:
This letter will confirm our agreement, that commencing on the effective
date ("Effective Date") of the registration statement of the initial public
offering ("IPO") of the securities of China Resources Ltd. (the "Company") and
continuing until 18 months after the Effective Date (or 24 months after the
Effective Date if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months after the Effective Date and the
"Business Combination" (as defined in the prospectus) related thereto has not
been completed within such 18-month period), Xxxx Xxxx China Xxx Xxx Trading
Co., Ltd shall make available to the Company certain administrative and
secretarial services, as well as the use of certain limited office space,
including a conference room, at your offices in Shenzhen, as may be required by
the Company from time to time, situated at the address of your offices set forth
above (or any successor location). In exchange therefore, the Company shall pay
to you the sum of $7,500 per month commencing on the Effective Date and
continuing monthly thereafter.
Very truly yours,
CHINA RESOURCES LTD.
By:
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Name: Xxxx Xxxx
Title: President and Chief Executive Officer
Agreed to and Accepted by:
Xxxx Xxxx China Xxx Xxx Trading Co., Ltd.
By:
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Name:
Title:
