Exhibit 10.1
 
Supplementary Agreement for Grant Contract of State-Owned Land Use Right
 
Parties of the supplementary agreement:
 
Party A: Wuqing Branch of Tianjin Municipal Land and Resources Administrative
Bureau
 
Party B: Tianjin Tianshi Life Resources Co., Ltd
 
Party C: Tianjin Tianshi Life Science Co., Ltd

According to Article 25 of “Grant Contract of State-Owned Land Use Right”
(hereinafter referred to as “Grant Contract”) and Article 49 of “Grant
Contract”, both parties agreed with following clauses:

1.
Party A approved the Joint Construction Project about two parcels of lands
located at Xinyuan Road owned by Party B (with register numbers of JINWU 2005062
and JINWU 2005063, land areas of 171161.7㎡ and 163102.2㎡, land use right of
industrial land, use expire dates at August 2, 2055 and November 20, 2056
respectively) and one parcel of land located at Xinyuan Road owned by Party C (
with register number of JINWU 200561, land area of 165069.7㎡, land use right of
industrial land and use expire date at August 2, 2055), the total land area of
Joint Construction is 499333.6㎡.

2.
Party A agreed to divide the land of joint construction into seven parcels which
pursuant to the construction requirement. Party B has land use rights of No. ONE
parcel of land (with land area of 151207.7㎡) and No. TWO parcel of land (with
land area of 108764.9㎡); Party C has land use rights of No. THREE parcel of land
(with land area of 30112.9㎡), No. FOUR parcel of land (with land area of
84644.4㎡), No. FIVE parcel of land (with land area of 37676.8㎡), No. SIX parcel
of land (with land area of 18462.1㎡) and No. SEVEN parcel of land (with land
area of 67892.2㎡).

 
 
 

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3.
According to “ Notes of Planning and Design Condition” No.2008130 and No,2008092
which issued by Wuqing Planning and Design Bureau, conditions for the use of
land by Party B changed to following contents respectively:

No. ONE parcel of land:

 
l
Land use right: Industrial Land;

 
l
Area of land utilization: 151207.7㎡;

 
l
Plot ratio: no less than 0.6;

 
l
Site coverage: 30-45%;

 
l
For detailed information of other notes of condition, please refer to “Notes of
Planning and Design Condition (Industrial item)” (No. 2008130).

No. TWO parcel of land:

 
l
Land use right: Scientific Research and Education Land;

 
l
Area of land utilization: 108764.9㎡;

 
l
Plot ratio: no less than 0.6-1.6;

 
l
Site coverage: no more than 30%;

 
l
Greenery coverage rate: no more than 35%;

 
l
For detailed information of other notes of condition, please refer to “Notes of
Planning and Design Condition for the land located at Xinyuan Road” (No.
2008092).

 
 
 

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4.
According to “ Notes of Planning and Design Condition” No.2008091, No.2008090,
No.2008095, No 2008094 and No.2008093 which issued by Wuqing Planning and Design
Bureau, the conditions for the use of land by Party C changed to following
contents respectively:

No. THREE parcel of land:

 
l
Land use right: Scientific Research and Education Land;

 
l
Area of land utilization: 30112.9㎡;

 
l
Plot ratio: no less than 0.7-1.7;

 
l
Site coverage: no more than 30%;

 
l
Greenery coverage rate: no more than 35%;

 
l
For detailed information of other notes of condition, please refer to “Notes of
Planning and Design Condition for the land located at Xinyuan Road” (No.
2008091).

No. FOUR parcel of land:

 
l
Land use right: Scientific Research and Education Land;

 
l
Area of land utilization: 84644.4㎡;

 
l
Plot ratio: no less than 0.2-1.0;

 
l
Site coverage: no more than 30%;

 
l
Greenery coverage rate: no more than 35%;

 
l
For detailed information of other notes of condition, please refer to “Notes of
Planning and Design Condition for the land located at Xinyuan Road” (No.
2008090).

No. FIVE parcel of land:

 
l
Land use right: Scientific Research and Education Land;

 
l
Area of land utilization: 37676.8㎡;

 
l
Plot ratio: no less than 1.0-2.0;

 
 
 

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l
Site coverage: no more than 30%;

 
l
Greenery coverage rate: no more than 35%;

 
l
For detailed information of other notes of condition, please refer to “Notes of
Planning and Design Condition for the land located at Xinyuan Road” (No.
2008095).

No. SIX parcel of land:

 
l
Land use right: Scientific Research and Education Land;

 
l
Area of land utilization: 18462.1㎡;

 
l
Plot ratio: no less than 0.6-1.6;

 
l
Site coverage: no more than 30%;

 
l
Greenery coverage rate: no more than 35%;

 
l
For detailed information of other notes of condition, please refer to “Notes of
Planning and Design Condition for the land located at Xinyuan Road” (No.
2008094).

No. SEVEN parcel of land:

 
l
Land use right: Scientific Research and Education Land;

 
l
Area of land utilization: 67892.2㎡;

 
l
Plot ratio: no less than 0.6-1.6;

 
l
Site coverage: no more than 30%;

 
l
Greenery coverage rate: no more than 35%;

 
l
For detailed information of other notes of condition, please refer to “Notes of
Planning and Design Condition for the land located at Xinyuan Road” (No.
2008093).

5.
The land use right expire date of above seven parcels of land was changed to
August 2, 2055.

6.
The Joint Construction shall be finished before July 1, 2010, and shall apply
for Final Acceptance of Construction.

 
 
 

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7.
Party B agreed to pay the additional part of land use right leasing fee about
RMB 41,022,061 within thirty days after signed this agreement.

8.
Party C agreed to pay the additional part of land use right leasing fee about
RMB155,188,088.5 within thirty days after signed this agreement.

9.
The least clauses of “Grant Contract” shall executive according to the original
contract, except the clauses concerned in this agreement.

10.
This Supplementary Agreement shall have same legal force with the “Grant
Contract”.

11.
This Supplementary Agreement is in sextuplicate, each party shall hold two
copies.

12.
This Supplementary Agreement shall come into effect upon the signatures of both
parties’ legal representatives.

Party A: Wuqing Branch of Tianjin Municipal Land and Resources Administrative
Bureau
 
Legal Representative:
 
/s/ Liu Wen Shen
 
Party B: Tianjin Tianshi Life Resources Co., Ltd
 
Legal Representative:
 
/s/ Yi Qun Wu
 
Party C: Tianjin Tianshi Life Science Co., Ltd
 
Legal Representative:
 
/s/ Yi Qun Wu
 
 
 

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