Document:

ithc_ex104.htm

EXHIBIT 10.4

 
House and facility lease contract

 
Lessor (Party A): Jiang Yanan
 
Lessee (Party B): Fortschritt China Agritech
 
According to the relevant provisions of the National Contract Law, on the basis of equality, voluntariness and mutual benefit, both parties have reached an agreement and signed a contract on the lease of house and facilities owned by Party A to Party B as follows:
 
	I.	Rental house and facilities
	 
	The house and facilities leased by Party A to Party B are located in Shuanglong Industrial Park, Huanxiu Street Office, Jimo, with a construction area of 1416.75 square meters.

  
	II.	House and facilities start and end dates and lease terms
	 
	 

	1.	Rental of house and facilities starts from February 1st, 2020 and ends on January 31st, 2021. The lease term is 1 year.

  
	2.	When the lease term expires, Party A has the right to take back the rented house and facilities, and Party B should return it as scheduled. If Party B needs to continue the lease, it should submit a written request to Party A three months before the lease term expires, and re-sign the lease contract with Party A's consent. During the contract period, if Party B terminates the use of the house and facilities within five years, it must compensate Party A for the economic loss of 200,000 yuan in one time. Party B shall not be held responsible for the termination of the contract after five years. If Party A terminates the use of Party B's house and facilities within the contract period, Party A shall compensate Party B for the economic loss of 200,000 yuan in one time.
	 
	 

	3.	After the lease expires or is terminated midway, the house and facilities should be returned to normal use. All the infrastructure, such as houses and water and electricity, to be expanded by Party B shall not be taken away by Party A without compensation. (Such as cables, lamps, etc. Party B can take away)

  
	III.	Method of payment of rent

 
	1.	The annual housing rental fee is 1416.75 m2 × 155 yuan / m2 =219,500 yuan.
	 
	 

	2.	Payment method and date of house rental fee:

 
	 
	(1)	By February 01st, Party B shall pay Party A 109,750 yuan;
	 
	(2)	By August 01st, Party B shall pay Party A 109,750 yuan;

  
	 
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	3.	Rent fees and invoices
	 
	Party A shall issue a formal lease invoice of the corresponding amount within one week of Party B's payment. Overdue payment shall be 2 ‰ for one day. If the overdue fine is paid for one month, the contract shall be terminated naturally and the relevant legal liabilities shall be investigated.

  
	IV.	Other fee
	 
	During the leasing period, Party B shall bear all the costs of water, electricity and other expenses incurred in using the house and facilities, and Party A shall bear the land use tax and property tax during the use period.

  
	V.	Use requirements and maintenance responsibilities of house and facilities

  
	1.	During the leasing period, Party B shall bear all the costs of water, electricity and other expenses incurred in using the house and facilities, and Party A shall bear the land use tax and property tax during the use period.
	 
	 

	2.	During the lease, Party B shall overhaul the buildings and infrastructure such as water, electricity, traffic, and fire protection after taking over the houses and facilities and their auxiliary facilities to ensure safety. Party B shall use and take care of the house and its auxiliary facilities reasonably. If Party B's improper or unreasonable use causes the house and its auxiliary facilities to be damaged or malfunction, Party B shall be responsible for maintenance and bear relevant responsibilities. Party B refuses to repair, Party A can do the repairs on its behalf, and the cost shall be borne by Party B.
	 
	 

	3.	If Party B needs to renovate or add facilities and equipment, Party A's written consent must be obtained in advance; if it is required to be reviewed and approved by the relevant department, Party A can assist Party B to report to the relevant department for approval before proceeding at Party B's expense.

  
	VI.	Sublease and return of house and facilities
	 
	During the lease period, if Party B subleases the land, house and facilities as a whole, it must obtain Party A's written consent in advance. If it is subleted without authorization, Party A will not refund the fees and Party B shall bear relevant responsibilities; With Party A's consent, Party B can sublease while guaranteeing that Party A's interests are not lost during the lease period.

  
	VII.	Other relevant agreements during the lease

  
	1.	During the lease period, both parties A and B shall operate in accordance with the laws and regulations of the state and operate according to law.

 

	 
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	2.	During the leasing period, Party A has the right to supervise Party B to do a good job in fire protection, safety, health, etc. Party B shall bear all responsibility for accidents in production safety.
	 
	 

	3.	During the lease period, due to force majeure or the municipal relocation of the house and facilities, the contract cannot be performed. Party A must notify Party B three months in advance. Party B must obey unconditionally.
	 
	 

	4.	During the lease period, Party B may carry out decoration according to its own experience, but in principle, it shall not damage the original house and facilities structure, and the decoration cost shall be borne by Party B; if the lease expires or terminates halfway, if Party B no longer rents, Party A shall not make any compensation.
	 
	 

	5.	After the expiration of the lease term, if Party A continues to lease the house and facilities, Party B shall enjoy the priority under the same conditions; if Party A does not lease the house after the expiration of the lease term, Party B shall move as scheduled, otherwise all losses and consequences caused thereby shall be borne by Party B.

  
	VIII.	Other conditions

  
	1.	Upon expiration of the lease term, if Party B terminates the contract in advance, Party B shall notify party A three months in advance and vacate the land, houses and facilities within one month.
	 
	 

	2.	During the lease period, Party A shall be responsible for making compensation for any loss caused by Party B's normal operation due to the ownership of Party A's house and facilities.
	 
	 

	3.	After the lease contract is signed, if the name of the company is changed, it can be signed and confirmed by both parties A and B. The original lease contract terms remain unchanged and execution continues until the contract expires.

  
	IX.	For matters not covered in this contract, both parties shall negotiate separately to make supplementary provisions, which shall have the same effect as this agreement. In case of any conflict, the supplementary provisions shall prevail.
	 
	 

	X.	This contract is made in quadruplicate, with each party holding two copies. The contract will come into force after being sealed and signed. All texts have the same legal effect.
	 
	 

	 
	Lessor (Party A): Jiang Yanan
Legal authority: Jiang Yanan

	 
	 

	 
	Lessee (Party B): Fortschritt China Agritech 
Legal authority: Andreas Spiegler
 
Signing date: 01.02.2020

 
 
	3ithc_ex105.htm

EXHIBIT 10.5

 
House and facility lease contract

 
Lessor (Party A): Wang Fangjian
 
Lessee (Party B): Fortschritt China Agritech
 
According to the relevant provisions of the National Contract Law, on the basis of equality, voluntariness and mutual benefit, both parties have reached an agreement and signed a contract on the lease of house and facilities owned by Party A to Party B as follows:
 
	I.	Rental house and facilities
	 
	The house and facilities leased by Party A to Party B are located in Shuanglong Industrial Park, Huanxiu Street Office, Jimo, with a workshop area of 850 square meters and a yard area of 550 square meters.

 
	II.	House and facilities start and end dates and lease terms

 
	1.	Rental of house and facilities starts from February 1st, 2020 and ends on January 31st, 2021. The lease term is 1 year.

  
	2.	When the lease term expires, Party A has the right to take back the rented house and facilities, and Party B should return it as scheduled. If Party B needs to continue the lease, it should submit a written request to Party A three months before the lease term expires, and re-sign the lease contract with Party A's consent. During the contract period, if Party B terminates the use of the house and facilities within five years, it must compensate Party A for the economic loss of 100,000 yuan in one time. Party B shall not be held responsible for the termination of the contract after five years. If Party A terminates the use of Party B's house and facilities within the contract period, Party A shall compensate Party B for the economic loss of 100,000 yuan in one time.
	 
	 

	3.	After the lease expires or is terminated midway, the house and facilities should be returned to normal use. All the infrastructure, such as houses and water and electricity, to be expanded by Party B shall not be taken away by Party A without compensation. (Such as cables, lamps, etc. Party B can take away)

  
	III.	Method of payment of rent
	 
	 

	1.	The annual workshop rental fee is 850 m2 × 130 yuan / m2 =110,500 yuan.
	 
	 

	2.	The annual yard rental fee is 550 m2 x120 yuan / m2=66,000 yuan

 
	 
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	3.	Payment method and date of house rental fee:

 
	 
	(1)	By February 01st, Party B shall pay Party A 88,250 yuan;
	 
	(2)	By August 01st, Party B shall pay Party A 88,250 yuan;

 
	4.	Rent fees and invoices
	 
	Party A shall issue a formal lease invoice of the corresponding amount within one week of Party B's payment. Overdue payment shall be 2 ‰ for one day. If the overdue fine is paid for one month, the contract shall be terminated naturally and the relevant legal liabilities shall be investigated.

  
	IV.	Other fee
	 
	During the leasing period, Party B shall bear all the costs of water, electricity and other expenses incurred in using the house and facilities, and Party A shall bear the land use tax and property tax during the use period.

  
	V.	Use requirements and maintenance responsibilities of house and facilities

  
	1.	During the leasing period, Party B shall bear all the costs of water, electricity and other expenses incurred in using the house and facilities, and Party A shall bear the land use tax and property tax during the use period.
	 
	 

	2.	During the lease, Party B shall overhaul the buildings and infrastructure such as water, electricity, traffic, and fire protection after taking over the houses and facilities and their auxiliary facilities to ensure safety. Party B shall use and take care of the house and its auxiliary facilities reasonably. If Party B's improper or unreasonable use causes the house and its auxiliary facilities to be damaged or malfunction, Party B shall be responsible for maintenance and bear relevant responsibilities. Party B refuses to repair, Party A can do the repairs on its behalf, and the cost shall be borne by Party B.
	 
	 

	3.	If Party B needs to renovate or add facilities and equipment, Party A's written consent must be obtained in advance; if it is required to be reviewed and approved by the relevant department, Party A can assist Party B to report to the relevant department for approval before proceeding at Party B's expense.

  
	VI.	Sublease and return of house and facilities
	 
	During the lease period, if Party B subleases the land, house and facilities as a whole, it must obtain Party A's written consent in advance. If it is subleted without authorization, Party A will not refund the fees and Party B shall bear relevant responsibilities; With Party A's consent, Party B can sublease while guaranteeing that Party A's interests are not lost during the lease period.

  
	VII.	Other relevant agreements during the lease

  
	1.	During the lease period, both parties A and B shall operate in accordance with the laws and regulations of the state and operate according to law.

 
	 
	2
	 

	 

  
	2.	During the leasing period, Party A has the right to supervise Party B to do a good job in fire protection, safety, health, etc. Party B shall bear all responsibility for accidents in production safety.
	 
	 

	3.	During the lease period, due to force majeure or the municipal relocation of the house and facilities, the contract cannot be performed. Party A must notify Party B three months in advance. Party B must obey unconditionally.
	 
	 

	4.	During the lease period, Party B may carry out decoration according to its own experience, but in principle, it shall not damage the original house and facilities structure, and the decoration cost shall be borne by Party B; if the lease expires or terminates halfway, if Party B no longer rents, Party A shall not make any compensation.
	 
	 

	5.	After the expiration of the lease term, if Party A continues to lease the house and facilities, Party B shall enjoy the priority under the same conditions; if Party A does not lease the house after the expiration of the lease term, Party B shall move as scheduled, otherwise all losses and consequences caused thereby shall be borne by Party B.

  
	VIII.	Other conditions

  
	1.	Upon expiration of the lease term, if Party B terminates the contract in advance, Party B shall notify party A three months in advance and vacate the land, houses and facilities within one month.
	 
	 

	2.	During the lease period, Party A shall be responsible for making compensation for any loss caused by Party B's normal operation due to the ownership of Party A's house and facilities.
	 
	 

	3.	After the lease contract is signed, if the name of the company is changed, it can be signed and confirmed by both parties A and B. The original lease contract terms remain unchanged and execution continues until the contract expires.

  
	IX.	For matters not covered in this contract, both parties shall negotiate separately to make supplementary provisions, which shall have the same effect as this agreement. In case of any conflict, the supplementary provisions shall prevail.
	 
	 

	X.	This contract is made in quadruplicate, with each party holding two copies. The contract will come into force after being sealed and signed. All texts have the same legal effect.
	 
	 

	 
	Lessor (Party A):      Wang Fangjian

	 
	Legal authority:        Wang Fangjian

	 
	 

	 
	Lessee (Party B):      Fortschritt China Agritech 
Legal authority:       Andreas Spiegler
 
Signing date:            01.02.2020

 
 
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