Exhibit
10.3

      

    Premises Lease
Contract

    


    This
Premises Lease Contract (“Contract”) is entered into by
and between:

    


    Lessor:
Shishi Changsheng
Shoes Industrial Co., Ltd.

    


    And

    


    Lessee: Shishi Feiying Plastic Co.,
Ltd.

    


    This
Contract is entered into in order to define rights and obligations of the Lessor
and the Lessee through negotiation.

    


    
      	
              Article
      1

            	
              The
      Lessor leases the premises, located in Longshan Development
      Area, Hanjiang Town, Shishi City (Jingmin Road (S), Jiulongshan
      Development Zone, Hongku, Hanjiang) (“Premises”), covering
      building (use) areas of 3,914.18 m2,
      to the Lessee that will be used as a factory for producing
      slippers.

            


    

    


    
      	
              Article
      2

            	
              Term
      of Lease (“Lease
      Term”)

            


    

    


    The Lease
Term shall be four years from January 01, 2008 when
the Lessor delivers the Premises to the lessee, to December 31, 2011
when the Premises are withdrawn or the parties hereto renew the
lease.

    


    The
Lessor shall be entitled to terminate this Contract and withdraw the Premises if
the Lessee meets any of the following circumstances:

    


    
      	
               
      

            	
              1.

            	
              The
      Lessee sub-leases, transfers or sub-lends the Premises to others at its
      own discretions.

            


    

    


    
      	
               
      

            	
              2.

            	
              The
      Lessee carries out illegal activities in the Premises, which damage the
      public benefits.

            


    

    


    
      	
               
      

            	
              3.

            	
              The
      Lessee defaults in the rentals for more than three months in
      accumulation.

            


    

    


    In the
event that the Lessee is unable to find other premises upon expiry of the Lease
Term, the Lessor shall extend the Lease Term at its own discretionary
powers.

    


    In the
event that the Lessor intends to continue to lease out the Premises upon expiry
of the Lease Term, the Lessor shall have the first refusal of right for the
further lease of the Premises.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
10.3

     

    
      	
              Article
      3

            	
              Rentals
      and Payment Deadline

            


    

    


    Upon
negotiation and determination by the parties hereto, the monthly rentals shall
be RMB 5.00 per square meter, and the total annual rentals shall be RMB 234,850.80. The
rentals shall be paid in a lump sum one month in
advance.

    


    
      	
              Article
      4

            	
              Repairs
      and Maintenance during Lease Term

            


    

    


    The
Lessor shall be obligated to repair the Premises by inspecting and repairing the
Premises and its equipment every six months, to ensure
the safe residence in and the normal use of the Premises by the
Lessee.

    


    When the
Lessor is repairing the Premises, the Lessee shall assist such repairs in an
active manner without interrupting the construction in any way. In the event
that the Lessor is unable to repair the Premises, it may assist the Lessee to
carry out such repairs through negotiation. And the repairs fees paid by the
Lessee shall be applied to offset the rentals or reimbursed by the Lessor in
installment.

    


    
      	
              Article
      5

            	
              Replacement
      of Lessor and Lessee

            


    

    


    
      	
               
      

            	
              (I)

            	
              This
      Contract shall be binding upon the new owner provided that the Lessor
      transfers the Premises to a third
party.

            


    

    


    
      	
               
      

            	
              (II)

            	
              In
      the event that the Lessor sells the Premises, it shall send a three-month
      notice to the Lessee. In the event of all the things being equal, the
      Lessee shall have the first refusal of right to purchase the
      Premises.

            


    

    


    
      	
              Article
      6

            	
              Breaching
      Liability

            


    

    


    
      	
               
      

            	
              (I)

            	
              In
      the event that the Lessor fails to deliver the Premises meeting the given
      requirements to the Lessee subject to the above terms hereof, it shall pay
      RMB 2,000.00 as the
      compensation to the Lessee.

            


    

    


    
      	
               
      

            	
              (II)

            	
              In
      the event that the Lessor fails to deliver the Premises to the Lessee on
      schedule, it shall pay RMB 2,000.00 as the
      liquidated damages to the Lessee.

            


    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
10.3

     

    
      	
               
      

            	
              (III)

            	
              In
      the event that the Lessor fails to deliver the Premises to the Lessee on
      schedule (or as required), it shall pay RMB 2,000.00 as the
      liquidated damages to the Lessee, and shall indemnify the Lessee if such
      failure causes injury of the Lessee's personnel or property loss to the
      Lessee.

            


    

    


    
      	
               
      

            	
              (IV)

            	
              In
      addition to paying the rentals, the Lessee shall pay RMB 1,000.00 as the
      liquidated damages to the Lessor provided that it fails to pay the rentals
      within the specified time limit.

            


    

    


    
      	
               
      

            	
              (V)

            	
              In
      the event that the Lessor transfers the Premises to others at its own
      discretions by breaching this Contract, it shall pay RMB 1,000.00 as the
      liquidated damages to the Lessee, and shall indemnify the loss caused to
      the Premises, if any.

            


    

    


    
      	
              Article
      7

            	
              Conditions
      for Exemption:

            


    

    


    In the
event that the Premises are damaged and the Lessor suffers losses due to the
Force Majeure, no party shall be liable to the other party.

    


    
      	
              Article
      8

            	
              Dispute
      Resolutions

            


    

    


    Any
dispute arising out of performance of this Contract shall be settled through
negotiation; if not reached, any party may bring a lawsuit to the
court.

    


    
      	
              Article
      9

            	
              Miscellaneous

            


    

    


    This
Contract is made in two originals with the Lessor and the Lessee holding one
respectively.


    


    Sealed by
Lessor: Shishi Changsheng Shoes Industrial Co., Ltd.

    Address:

    Legal
Representative:

    


    


    Sealed by
Lessor: Shishi Feiying Plastic Co., Ltd.

    Address:

    Legal
Representative:

    


    Signed in
Shishi City

    


    Signed on
December 25, 2007