Exhibit
10.25


 


PREMISES LEASING CONTRACT


 


	
  Lessor: Liu Fengkai

  	
  Lessee: Tianjin New Highland Science Development
  Co., Ltd.

  



 


Date
of Execution: October 17, 2007


 


This
Contract is made by and between the parties by mutual consultation and
agreement in accordance with the PRC Economic Contracts Law and relevant
requirements, to the effect that the rights and obligations relationship
between Lessor and Lessee shall be clearly defined.


 


Article 1   Location, Number and Quality of the Premises


 


The
premises are located at 86, Anhe Road, Tianjin Economic Development Zone, and
are in good order and condition, with a floor space of 3988 square meters.


 


Article 2  Leasing Period


 


The
leasing period shall be 3 years, commencing as from January 1, 2008, the
date on which Lessor shall deliver the premises to Lessee for use. Upon expiry
of the leasing period, in the absence of a 12-month notice to the other party
by any party wishing to terminate this Contract, the Contract will be
automatically renewed.


 


Article 3  Rent and Payment Schedule Thereof


 


The
standards for and payment schedule of the rent shall be determined by Lessor
and Lessee through consultations, provided always that by the end of each year
an annual rent of RMB 1.5 million shall be paid to Lessor.


 


Article 4  Maintenance of and Tax Payment for the
Premises during the Leasing Period


 


As
mutually agreed by Lessor and Lessee, the maintenance expenses of the premises
during the leasing period shall be borne by Lessee.


 


Article 5  Change of Lessor or Lessee


 


5.1
If Lessor assigns the title to the premises to a third party, this Contract
shall remain binding on such assignee of the premises.


 


5.2
Lessor shall give Lessee a 3-month notice in relation to any sale of the
premises and where the conditions are equal, Lessee shall have the preemptive
right to purchase the same.


 

















 


Article 6
Termination


 


If
Lessee commits any of the following, Lessor may terminate this Contract and
recover the premises:


 


(1) Lessee
sub-leases, assigns or re-lends the premises to a third party without
authorization; or


 


(2) Lessee
utilizes the premises to engage in any illegal activity and undermine public
interest.


 


Article 7  Breach of Contract Liabilities


 


7.1  If Lessor fails to timely deliver the
premises to Lessee for use, Lessor shall pay liquidated damages in the amount
of RMB 1,000.


 


7.2  If Lessee defaults in any rent payment,
Lessee shall, in addition to timely paying up such defaulted rent, pay
liquidated damages in an amount equal to 10% of the defaulted rent.


 


7.3
If, in breach of this Contract, Lessee grants, without authorization, the use
of the premises leased hereunder to a third party, Lessee shall pay liquidated
damages in an amount equal to 10% of the rent and shall, where the premises are
damaged as a result of such unauthorized grant of use, be liable to indemnify
against such damage.


 


Article 8  Dispute Resolution


 


The
parties hereby opt for the method set out in 8.1 for the resolution of the
disputes hereunder:


 


8.1
Any dispute arising out of the performance of this Contract shall be resolved
by the parties through consultations, failing which, it shall be referred to
Dagang Arbitration Commission for arbitration.


 


8.2
Any dispute arising out of the performance of this Contract shall be resolved
by the parties through consultations, failing which, it shall be brought to the
people’s court for adjudication.


 


Article 9  Matters not covered hereunder shall be dealt
with pursuant to relevant provisions of the PRC Economic Contracts Law and will
be governed by such supplementary provisions as may be agreed by the two
parties, which shall have the same force and effect as this Contract.


 


 


This
Contract is executed in two copies. Lessor and Lessee shall each hold one copy.


 


 


Lessor:
Liu Fengkai   (Seal)


 


Date:
October 17, 2007


 


 


Lessee:
Tianjin New Highland Science Development Co., Ltd. (Seal)


 


Date:
October 17, 2007


 


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