Shengtai Power International, Inc.: Exhibit 10.8 - Prepared by TNT Filings Inc.




  



	
     
	
    
    Exhibit 10.8




(English Translation) 


Dormitory Lease Agreement 


Party A: Shenzhen Xin He Share-corporative Company 


Add: Xin He Village Committee, Fu Yong County, Bao An District, Shenzhen 

Representative: Liang Deguo                   
Tel:13509618222 


Party B: Shenzhen Sheng Tai Industrial Co., Ltd 

Add: Building B5, Zone One, New Industry Park, Xin He Village, Fu Hai
Revenue, Fu Yong County, Bao An District, Shenzhen 

Representative: Zou Derong                    
Tel: 13808802449 

Concerning the dormitory lease, Party A and Party B hereby
agree as follows: 


I. 

Lease Address
and Area 


Party A agrees to lease to Party B
the property with the total area of 4015 square meters, which includes the
dormitory (3 storeys) with area of 3180 square meters, the office building (3
storeys) with area of 780 square meters, and the security room with area of 55
square meters (collectively as the "Domitory"), and which is a framework
building located at Floor 3-6, Building B5, Zone One, New Industry Park, Xin He
Village, Fu Hai Revenue, Fu Yong County, Bao An District, Shenzhen. 


II. 

Term 


(i) 

the term of this
Agreement is 9 years starting from 27th September 2005 to 27th
November 2014. 

(ii) 

the decoration
period is from the execution date of this Agreement to 27th November
2005, which is free from any rent. 

(iii) 

the rent shall
be calculated from the date of 27th November 2005. 


III. 

Rent and Its
Increasing Extent 


(i) 

Rent for the
Dormitory is RMB11 Yuan per square meter per day; Party B shall bear all the
fees occurred during the term of this Agreement, including the property lease
tax and property management fees. 



	
    
    Dormitory Lease Agreement




(ii) 

From delivery
date of the Dormitory, the rent shall increase once three years, and the
increasing extent shall be 8%, i.e, the rent shall increase by 8% based on the
then price. 


IV. 

Payment Method 


(i) 

After execution of this
Agreement, Party B shall pay to Party A an amount as deposit which is equal to
two months’ rent of RMB 88,330Yuan. 

(ii) 

The Rent shall
be paid by the 5th day of every month and shall be settled by Party
B’s bank cash check (or cash), upon which Party A shall issue the payment
receipt (no invoice, and Party B shall be responsible for any cost if it
requests the invoice for tax purpose); any delay of rent payment shall entitle
Party A to collect a delay fee equal to 0.5% of the delayed payment. 


V. 

Party A’s Responsibilities 


(i) 

Party A shall be responsible for
installing a general water meter and a general electric meter. 

(ii) 

Party A shall bear the fees for
the water and electricity facilities in the Dormitory. 


VI. 

Party B’s Responsibilities 


(i) 

Party B shall timely pay the
fees of rent, water and electricity bill and sanitation fees. 

(ii) 

If Party B
terminate this Agreement within 12 months as of the execution date, it shall pay
to Party A the liquidated damage equal to 3 months’ rent and the deposit paid by
it will not be refunded, and vice versa. 

(iii) 

Party B shall be responsible for
watering, planting, fertilizing and managing the afforested area around the
Dormitory. 

(iv) 

Party B shall
properly use Party A’s property and the relevant public facilities, and shall be
responsible for the public security management for the Dormitory with Party A’
assistance. Any damage to the property shall be repaired by Party B unless the
damage is due to the quality of the property, which shall be repaired by Party
A. 

(v) 

Party B shall be responsible for
any damage to the framework of the Dormitory due to Party B’s improper usage.


(vi) 

Party B shall
not sub-rent the Dormitory to any third party, and shall not change the original
framework of the Dormitory. If the change is necessary for Party B’s production,
Party A’s prior written consent shall be obtained, otherwise Party B shall be
responsible for any liabilities and expenses arising from Party B’s alteration
of the framework without Party A’s permission. 

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    Dormitory Lease Agreement




(vii) 

The facilities
for lighting, fan, electricity supply and electricity circuit in the Dormitory
shall belong to Party A and used by Party B for free; upon expiry of this
Agreement, Party B shall be responsible for repairing the facilities if there is
any damage to them. 

(viii) 

arty B shall
properly work on the fire protection and electricity safety pursuant to relevant
fire protection laws and regulations; any responsibilities arising from
accidence due to Party B’s fault shall be borne by Party B. 

(ix) 

Party B shall
discharge waste materials according to the standard set by the local
environmental administrative authority and pay to the environmental
administrative authority for the charge of discharging waste materials. 

(x) 

Party B shall be
responsible for the payment of the property lease tax and property management
fees. 

(xi) 

Should Party B
delay payment of the rent or of the salary for its employees over 1 month, Party
A is entitled to terminate this Agreement and keep the deposit paid by Party B.


(xii) 

During the term
of this Agreement, if Party B desires to terminate this Agreement before the
expiry date, it shall pay for all the rent for the whole term of this Agreement
and the deposit will not be refunded. 


VII. 

Others 


(i) 

After the expiry
date of this Agreement, under the same conditions, Party B shall enjoy the
preemptive rights for continuous lease of the property. Where Party B will not
continuously lease the Dormitory, it shall inform Party A two months in advance.
Upon termination of this Agreement, any real estate invested by Party B in the
Dormitory shall belong to Party A, and Party B shall, upon Party A’s request,
repair the damaged facilities inside or outside the Dormitory (except fair wear
and tear), which shall be subject to Party A acceptance examination. Upon the
termination, Party A shall refund the deposit equal to two months’ rent to Party
B. 

(ii) 

Collection of
industrial waste shall be conducted by Party A under the same conditions. 


VIII. 


Within the term of this Agreement, occurrence of any of the following events
shall lead to the termination of this Agreement and Party A shall refund to
Party B the deposit: 

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    Dormitory Lease Agreement




(i) 

Occurrence of
any force majeure event or accidence which makes this Agreement not performable.


(ii) 

The leased
Dormitory is needed to be pulled down due to the government’s decision to
expropriate the land over which the leased property is located. 

(iii) 

Without Party
B’s consent, Party A remodels or expand the leased Dormitory, or use the
Dormitory for other purpose. 

(iv) 

Without Party
B’s consent, Party A rent the leased Dormitory to any other party within the
term of this Agreement. 


IX. 


Any issue not stated herein can be negotiated by the Parties. After the
execution of this Agreement, either Party shall abide by this Agreement. 


X. 


This Agreement is prepared in triplicate, and Party A, Party B
and the village committee shall hold one original copy for each Party. The three
original copies have the same legal effect. This Agreement shall come into
effect upon the execution by the representatives of both Parties. 


Party A: Shenzhen Xin He Share-corporative Company 

Representative (Signature): 


Party B: Shenzhen Sheng Tai Industrial Co., Ltd 

Representative (Signature): 


Date: 27th September, 2005 


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