Document:

Unassociated Document

    Exhibit
10.7

     

     

    Unofficial
English Translation

    

    Plant
Lease Agreement

    

    

    Party A:
ZhongYun Instrument Sales Limited, High-Tech Industrial Development Zone,
Urumqi

    

    Party B:
Beijing Agritech Fertilizer Limited, Xinjiang Branch

    

    Through
the equal and mutual negotiation, with regard to the matter that Party A leases
Party B its legally owned land, plant and office, both parties agree as
follows:

    

    
      
        	
                1.

              	
                The
      plant of Party A is located in No. 10 (a temporary number), Weisi Road,
      North Zone Industrial Park, Gaoxin District, Urumqi, Xinjiang. The total
      coverage of the plant area is 25 mu. Party A leases Party B 110 m2 of the
      office and 3000 m2 of the plant of the total plant area. In case the
      actual building coverage is lower than the agreed coverage stated in this
      agreement and the drawing, the rent of Party B shall be deducted pro
      rata.

              

      

    

    

    
      
        	
                2.

              	
                Party
      A shall deliver the plant to Party B prior to June 10, 2007. The term of
      the lease starts from June 10, 2007 to June 10, 2017. The term of the
      lease is 10 years. In the event that the term of the lease is less than
      one year, the rent shall be calculated according to the average daily
      rent. The rent shall be adjusted according to the market price after three
      years of the term. The adjustment range shall not exceed 16% of the
      original total amount of the
rent.

              

      

    

    

    
      
        	
                3.

              	
                The
      total amount of the rent (the actual rent) is RMB 300,000/ year. Within 10
      days upon signing the agreement, Party B shall pay Party A RMB 300,000 of
      the one-year rent (from June 10, 2007 to June 10, 2008) Afterward, Party B
      shall pay Party A RMB 150,000 within 10 days prior to the start date of
      the next half-year term. In the event that Party B defers to pay rents for
      one month, Party A is entitled to terminate the agreement and hold Party B
      liable for its breach in accordance with the agreement. Party A shall
      provide Party B with an invoice of the same amount of the paid rent from
      Party B. The rent calculation
      date starts from the date that Party A delivers the land and plant to
      Party B, Party B accepts them after examining and both parties sign the
      closing list. Upon the closing, Party A shall present the certificates of
      land use, the construction plan, compliance certificates of the fire
      safety from the relevant agencies to guarantee the regular use for Party
      B, otherwise Party A shall compensate Party B its losses arising from the
      breach.

              

      

    

    

    
      
        	
                4.

              	
                Under
      the circumstance that Party B shall not alter the general landscape and
      function of the plant, it may partially alter, expand and improve the
      plant.

              

      

    

    

    
      
        	
                5.

              	
                The
      calculation of fees of water, electricity, and heating: Party A is
      responsible for installing the water, electric and heating meters in the
      office and the plant. The premises management personnel of Party A will
      record the meters monthly and charge to Party B according the records.
      Party A shall deliver the receipts of water, electricity and heating fees
      to Party B. Party B shall pay the aforesaid fees within three days upon
      the receipt of the regular business expense receipts and
      invoices.

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        	
                6.

              	
                Party
      A shall be responsible for installing water, electric and heating systems
      on the plant and the office, and the water system shall be activated for
      use. Party A shall install two telephones on the office Party B leases.
      The telephone bills shall be paid by Party B. Party A shall be responsible
      for the maintenance of the electric, water and heating systems on the
      plant, and the relevant maintenance expenses as well to guarantee the
      regular use of Party B.

              

      

    

    

    
      
        	
                7.

              	
                During
      the term of the lease, in case Party B discovers any damage or malfunction
      of the plant, the office and their affiliated facilities due to quality
      problems that do not attributed to the misuse of Party B, it shall timely
      notify Party A to repair them. Party A shall conduct the repair within
      three days upon the receipt of the notice. In the event that Party A does
      not repair them within the aforesaid period, Party B may repair them on
      behalf of Party A, and the relevant expenses shall be assumed by Party
      A.

              

      

    

    

    
      
        	
                8.

              	
                Party
      A has the legal right to rent the plant, and shall not create any mortgage
      on the plant, or sell the plant during the term of the lease. In the event
      that Party A does not have the legal right to rent the plant, and affect
      the use of the plant for Party B, Party A shall return the received rent
      and compensate the economic losses of Party
B.

              

      

    

    

    
      
        	
                9.

              	
                Party
      B shall not sublease the plant during the term of the lease. In the event
      Party B breach the agreement or early terminate or cancel the agreement,
      Party A will not return the received
rent.

              

      

    

    

    
      
        	
                10.

              	
                To
      prevent from affecting use of the plant for Party B, Party A shall not
      alter the structure and usage of the plant hereof, when Party A leases the
      adjacent building to the third
party.

              

      

    

    

    
      
        	
                11.

              	
                Party
      B has the first renewal right under the same terms and conditions after
      the termination of the agreement. In the event that Party B plans on
      renewing the lease, it shall send Party A an one-month prior notice to
      Party A, and sign the renew
agreement.

              

      

    

    

    
      
        	
                12.

              	
                Party
      B shall comply with the relevant laws and regulations of the State during
      the term of the lease. In the event that Party B violates any laws and
      regulations, it shall be responsible for any liabilities incurred. Party A
      is not responsible for any of aforementioned violations of Party
      B.

              

      

    

    

    
      
        	
                13.

              	
                Upon
      the expiration or the cancellation date of the agreement, both parties
      shall inspect the plant and equipments together. In case the damages are
      deemed to be intentionally caused by people, Party B shall be liable for
      the compensations. The ordinary exhaust due to the regular use shall not
      be included in the
compensations.

              

      

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      
        	
                14.

              	
                Both
      parties shall perform their duties in accordance with the agreement. Any
      dispute arising from or in connection with this agreement or any
      unspecified matters shall be negotiated by both parties. In the event that
      both parties fail to reach an agreement, either party may submit the
      dispute to the courts.

              

      

    

    

    
      
        	
                15.

              	
                The
      security work shall be assumed by the regular security company. The
      relevant expenses are divided equally by both
  parties.

              

      

    

    

    
      
        	
                16.

              	
                Any
      matter not specified in this agreement may be negotiated by both parties
      and sign the supplement to the agreement. The supplement and this
      agreement have the same legal effect and are equally binding to both
      parties.

              

      

    

     

    
      	
              17.

            	
              In
      the event that the natural disaster, the adjustment of the national policy
      and any other event of force majeure occur, both parties shall negotiate
      to reach an agreement.

            

    

    

    
      
        	
                18.

              	
                This
      agreement consists four original copies, and take effect upon the signing
      by both parties. Party A and Party B holds two copies
      respectively.

              

      

    

    

    

    

    Party
A

    ZhongYun
Instrument Sales Limited, High-Tech Industrial Development Zone,
Urumqi

    /s/
Jincheng Shi            

    Authorized
Person:  Jincheng Shi

    

    May 28,
2007

    

    Party
B

    Beijing
Agritech Fertilizer Limited, Xinjian branch

    /s/
Yu Chang              

    Authorized
Person:  Yu Chang

    

    

    June 4,
2007

    
 

    
      
        
        

      

      
        3Unassociated Document

    Exhibit
10.8

     

     

    Unofficial
English Translation

    

    Plant
Lease Agreement

    

    

    Party A:
Beijing Xinggu Investing Center

    

    Party B:
Beijing Agritech Fertilizer Limited

    

    Through
the friendly negotiation, both parties agree to sign this agreement in
accordance with the terms as follows:

     

    
      
        	
                1.

              	
                Party
      A leases to Part B No. 8 plant located in Area M2-4, Xinggu Industrial
      Development Zone, Pinggu District. The coverage of the plant building is
      4484.76 square meters, including 2353.62 square meters of the plant,
      1367.14 square meters of the office and 764 square meters of the attached
      building. (The actual coverage shall be measured on site and verified by
      both parties.)

              

      

    

    

    
      
        	
                2.

              	
                The
      term of the lease is five years, starting from September 15, 2006 to
      September 15, 2011. (If Party A fails to deliver the plant to Party B on
      the agreed date, the start date of the term of the lease shall be the date
      of the actual delivery of the plant.) The rent shall be calculated
      according to the coverage of the plant building. In the event that the
      term of the lease is less than one year, the rent shall be calculated
      according to the average daily rent. Within three months prior to the
      expiration of the term, Party B is entitled to the first renewal right to
      the land and the building on such a land under the same terms and
      conditions of the agreement.

              

      

    

    

    
      
        	
                3.

              	
                The
      rent is RMB 140/ square meters annually. The total amount of the rent (the
      calculated rent) is RMB 627,900/ year, according to the friendly
      negotiation of both parties, the total amount of the rent (the actual
      rent) is RMB 600,000/ year. The rent shall be paid in two installations
      annually. Party B shall pay Party A RMB 300,000 of the first installation
      of the rent for the first year before September 15, 2006, and RMB 300,000
      of the second installation shall be paid before March 15, 2007.
      Accordingly, the rest of the rent shall be paid on March 15 and September
      15 annually, till the termination of the
  agreement.

              

      

    

    

    
      
        	
                4.

              	
                To
      accelerating the construction of Party B, Party A promises to provide
      Party B with a certain period for the equipment installation and
      adjustment; hence, before September 15, 2006, Party B may use the plant
      without paying the rent.

              

      

    

    

    
      
        	
                5.

              	
                Under
      the circumstance that Party B shall not alter the general landscape and
      function of the plant, with the prior consent of Party A, Party B may
      partially alter, expand and improve the
plant.

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              6.

            	
              During
      the term of the lease, Party A assumes the rights and obligations as
      follows:

            

    

    
      
        	
              	
                (1)

              	
                With
      respect to the plant hereof, Party A has legal right to for the rental,
      and shall not create any mortgage or pledge on the plant or sell the plant
      during the term of the lease, and guarantee to deliver the building and
      equipment to Party B.

              

      

    

    
      
        	
              	
                (2)

              	
                Party
      A shall provide 50% of tax rebate in five years for the reason that the
      tax revenues of Party B reaches the district standard after Party B starts
      the production. After five years, the tax rebate to Party B shall be
      reassessed according to its contributions and policies at that
      time.

              

      

    

    
      
        	
              	
                (3)

              	
                Party
      A shall provide Party B with assistance and solutions of all aspects with
      regard to its industrial and commercial registration, alteration of
      address and legal and administrative issues arising from the construction
      of the plant, the production and the
operation.

              

      

    

    
      
        	
              	
                (4)

              	
                Party
      A shall be responsible for the maintenance of the electric, water and
      heating systems under circumstance of the regular uses, and responsible
      for the relevant maintenance expenses. With respect to the maintenance of
      electric, water and heating systems under circumstance of the non-regular
      uses, Party A may still be responsible for the maintenance, provided that
      the maintenance expenses shall be assumed by Party
  B.

              

      

    

    
      
        	
              	
                (5)

              	
                To
      prevent from affecting use of the plant hereof of Party B, Party A shall
      not alter the structure and usage of the adjacent buildings being leased
      to the third party.

              

      

    

    

    
      	
              7.

            	
              During
      the term of the lease, Party B assumes the rights and obligations as
      follows:

            

    

    
      
        	
              	
                (1)

              	
                Party
      B shall contribute the capitals and import equipments in accordance with
      the laws and regulations related to foreign-invested
      enterprise.

              

      

    

    
      
        	
              	
                (2)

              	
                Party
      B shall pay rents on time and prepare materials and fees for the
      procedures necessary for the
construction.

              

      

    

    
      
        	
              	
                (3)

              	
                In
      the event that Party B needs to install or use any equipment that will
      exceed the volume of water or electric meter (200KVA), Party A shall be
      responsible for applying for increasing the volumes to the competent
      department. The relevant expenses with regard to the volume increase shall
      be assumed by Party B.

              

      

    

    
      
        	
              	
                (4)

              	
                Party
      B shall be permitted to build the boilers by itself, provided that the
      only boilers permitted to be built are oil-burning boiler and natural-gas
      boiler.

              

      

    

    
      
        	
              	
                (5)

              	
                Party
      B shall conduct the construction and development in compliance with the
      relevant laws and regulations of the State, comply with the general plan
      of the Industrial Development Zone, abide by the management and
      coordination of Party A, and pay taxes in accordance with
      laws.

              

      

    

    
      
        	
              	
                (6)

              	
                Any
      activities of the enterprise shall not damage interests of the State and
      the third party, otherwise Party B shall be responsible for the
      compensating the losses.

              

      

    

    
      
        	
              	
                (7)

              	
                Party
      B warrants that the registration capital of the company will not be less
      than USD 2,000,000, the investment of tangible assets will not be less
      than RMB 10,000,000 in the second half of the year 2007, after starting
      the productions, the annual production value (the turnover) of the year
      2007 will not be less than RMB 100,000,000, and the enterprise tax revenue
      shall not be less than RMB 5,000,000 at the end of the year
      2007.

              

      

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      
        	
                8.

              	
                On
      the start date of the lease, both parties shall inspect the building and
      equipments together, and sign and perform the plant delivery agreement. On
      the cancellation date of the lease, both parties shall inspect the
      building and equipments together, and sign and perform the plant return
      agreement.

              

      

    

    

    
      
        	
                9.

              	
                Either
      party shall perform its duties in accordance with this agreement. Any
      dispute arising from or in connection with this agreement or any
      unspecified matters shall be negotiated by both parties. In the event that
      both parties fail to reach an agreement, either party may submit the
      dispute to the Beijing Arbitration
Commission.

              

      

    

    

    
      
        	
                10.

              	
                Any
      matter not specified in this agreement may be negotiated by both parties
      and sign a supplement to the agreement. The supplement and this agreement
      have the same legal effect and are equally binding to both
      parties.

              

      

    

    

    
      
        	
                11.

              	
                In
      the event that the natural disaster, the adjustment of the national policy
      and any other event of force majeure occur, both parties shall negotiate
      to reach an agreement.

              

      

    

     

    
      	
              12.

            	
              This
      agreement consists two original copies, Party A and Party B holds one
      respectively.

            

    

    

    

    

    Party
A

    Beijing
Xinggu Investing Center

    /s/
Binglin Kang            

    Legal
Representative:  Binglin Kang

    

    July 13,
2006

    

    Party
B

    Beijing
Agritech Fertilizer Limited

    /s/
Yu Chang              

    Legal
Representative:  Yu Chang

    

    July 13,
2006

    

    
      
        
        

      

      
        3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]