Document:

fs1a1ex10ii_elitenrgy.htm

Exhibit 10.1

 

	 	
COMMERCIAL LEASE AGREEMENT

(C.A.R. Form CL,Revised 10/01)

 

Date (For reference only):October 26, 2009

 

MO YUE WONG ("Landlord") and Quality Green Building Supplies, Inc. ("Tenant") agree as follows:

 

1. PROPERTY:   Landlord rents to Tenant and Tenant rents from Landlord, the real property and improvements described as:

  2756 Alvarado Street, Unit e   ("Premises"), which comprise approximately   16 % of the total square footage of rentable space in the entire property. See exhibit             A            for a further description of the Premises.

   

2. TERM: The term shall be for    2009  years and    11    months, beginning on (date)   1st     ("Commencement Date"),

(Check A or B):

o  A. Lease: and shall terminate on (date)                                          at                      x              o  AM     o  PM.

Any holding over after the term of this agreement expires, with Landlord's consent, shall create a month-to-month tenancy that either party may terminate as specified in paragraph 2B. Rent shall be at a rate equal to the rent for the immediately preceding month, payable in advance. All other terms and conditions of this agreement shall remain in full force and effect.

x B. Month-to-month: and continues as a month-to-month tenancy. Either party may terminate the tenancy by giving written notice to the other at least 30 days prior to the intended termination date, subject to any applicable local laws. Such notice may be given on any date.

o  C. RENEWAL OR EXTENSION TERMS: See attached addendum

 

3. BASE RENT:

A.     Tenant agrees to pay Base Rent at the rate of (CHECK ONE ONLY:)

x (1)     $525.00             per month, for the term of the agreement.

o (2)   $                            per month, for the first 12 months of the agreement. Commencing with the 13th month, and upon expiration of each 12 months thereafter, rent shall be adjusted according to any increase in the U.S. Consumer Price Index of the Bureau of Labor Statistics of the Department of Labor for All Urban Consumers ("CPI") for (the city nearest the location of the Premises), based on the following formula: Base Rent will be multiplied by the most current CPI preceding the first calendar month during which the adjustment is to take effect, and divided by the most recent CPI preceding the Commencement Date. In no event shall any adjusted Base Rent be less than the Base Rent for the month immediately preceding the adjustment. If the CPI is no longer published, then the adjustment to Base Rent shall be based on an alternate index that most closely reflects the CPI.

o   (3)    $                             per month for the period commencing                                                    and ending                                             and

$                             per month for the period commencing                                                    and ending                                             and

$                             per month for the period commencing                                                    and ending                                             .

o (4)  In accordance with the attached rent schedule.

o (5)  Other:

B.    Base Rent is payable in advance on the 1st (or   o                  ) day of each calendar month, and is delinquent on the next day.

C.    If Commencement Date falls on any day other than the first day of the month, Base Rent for the first calendar month shall be prorated based on a 30-day period. If Tenant has paid one full month's Base Rent in advance of Commencement Date, Base Rent for the second calendar month shall be prorated based on a 30-day period.

 

4.    RENT:

A.    Definition: ("Rent") shall mean all monetary obligations of Tenant to Landlord under the terms of this agreement, except security deposit.

B.    Payment: Rent shall be paid to (Name)     Quality Green Building Supplies, Inc.       , at (address)

                                       PO BOX 1360, Millbrae CA 94030                                           , or at any other location specified by Landlord in writing to Tenant.

C.     Timing: Base Rent shall be paid as specified in paragraph 3. All other Rent shall be paid within 30 days after Tenant is billed by Landlord.

 

5.     EARLY POSSESSION: Tenant is entitled to possession of the Premises on _____________________________________  .

If Tenant is in possession prior to the Commencement Date, during this time (i) Tenant is not obligated to pay Base Rent, and (ii) Tenant  o is   o    is not obligated to pay Rent other than Base Rent. Whether or not Tenant is obligated to pay Rent prior to Commencement Date, Tenant is obligated to comply with all other terms of this agreement.

 

6.     SECURITY DEPOSIT:

A.     Tenant agrees to pay Landlord $  800.00                                  as a security deposit. Tenant agrees not to hold Broker responsible for its return.

(IF CHECKED:)  o    If Base Rent increases during the term of this agreement, Tenant agrees to increase security deposit by the same proportion

as the increase in Base Rent.

B.    All or any portion of the security deposit may be used, as reasonably necessary, to: (i) cure Tenant's default in payment of Rent, late charges,

non-sufficient funds ("NSF") fees, or other sums due;(ii) repair damage, excluding ordinary wear and tear, caused by Tenant or by a guest or

licensee of Tenant; (iii) broom clean the Premises, if necessary, upon termination of tenancy; and (iv) cover any other unfulfilled obligation of

Tenant. SECURITY DEPOSIT SHALL NOT BE USED BY TENANT IN LIEU OF PAYMENT OF LAST MONTH'S RENT. If all or any portion of the

security deposit is used during tenancy, Tenant agrees to reinstate the total security deposit within 5 days after written notice is delivered to

Tenant. Within 30 days after Landlord receives possession of the Premises, Landlord shall: (i) furnish Tenant an itemized statement indicating the

amount of any security deposit received and the basis for its disposition, and (ii) return any remaining portion of security deposit to Tenant.

However, if the Landlord's only claim upon the security deposit is for unpaid Rent, then the remaining portion of the security deposit, after

deduction of unpaid Rent, shall be returned within 14 days after the Landlord receives possession.

C.     No interest will be paid on security deposit, unless required by local ordinance.

 

 

	The copyright laws of the United States (Title 17 U.S. Code) forbid the     	 	 Landlord and Tenant acknowledge receipt of a copy of this 	 
	unauthorized reproduction of this form, or any portion thereof, by photocopy 	 	 page.	 
	
machine or any other means, including facsimile or computerized formats. 

Copyright © 1998-2001, CALIFORNIA ASSOCIATION OF REALTORS®, 

INC. ALL RIGHTS RESERVED.

	 	
    Landlord's Initials (____) (____)

    Tenant's Initials     (____) (____)

	 
	 	 	 Reviewed by	 
	CL-11 REVISED 10/01 (PAGE 1 of 6)	 	 	 
	 	 	 Broker or Designee _________   Date ________	 
	 	 	 	 

 

COMMERCIAL LEASE AGREEMENT (CL-11 PAGE 1 OF 6)

 

Lyon & Associates              401 Second Street,           Davis  CA 95616

Phone: (530)759-7203           Fax: (530)758-5784            Ram Sah

 

  

  

  

 

 

Premises:   2756 Alvarado Street #e                                        Date 10/26/09                                                  

 

7.     PAYMENTS:

 

	 	 	 	 	TOTAL DUE	 	 	
PAYMENT

RECEIVED

	 	 	BALANCE DUE	 	 	DUE DATE	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	A.	Rent: From      11/01/09	 To   11/30/09	 	$	525.00	 	 	$	 	 	 	$	525.00	 	 	 	 	 
	 	 	           Date	          Date	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	B.	Security Deposit	 	$	800.00	 	 	$	 	 	 	$	800.00	 	 	 	 	 

 

	 	C.	Other:	 	 	$	 	 	 	$	 	 	 	$	 	 	 	 	 	 
	 	 	 	 Category	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	D.	Other:	 	 	$	 	 	 	$	 	 	 	$	 	 	 	 	 	 
	 	 	 	 Category	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	E.	Total: 	 	 	$	1,325.00	 	 	$	 	 	 	$	1,325.00	 	 	 	 	 

8.    PARKING: Tenant is entitled to                                       unreserved and                                                    reserved vehicle parking spaces. The right to parking x   is   o  is not included in the Base Rent charged pursuant to paragraph 3. If not included in the Base Rent, the parking rental fee shall be an additional $                  per month. Parking space(s) are to be used for parking operable motor vehicles, except for trailers, boats, campers, buses or trucks (other than pick-up trucks). Tenant shall park in assigned space(s) only. Parking space(s) are to be kept clean. Vehicles leaking oil, gas or other motor vehicle fluids shall not be parked in parking spaces or on the Premises. Mechanical work or storage of inoperable vehicles is not allowed in parking space(s) or elsewhere on the Premises. No overnight parking is permitted.

 

9.    ADDITIONAL STORAGE: Storage is permitted as follows: _______________________________________________________________

The right to additional storage space  ois    o  is not included in the Base Rent charged pursuant to paragraph 3. If not included in Base Rent, storage space shall be an additional $                                 per month. Tenant shall store only personal property that Tenant owns, and shall not store property that is claimed by another, or in which another has any right, title, or interest. Tenant shall not store any improperly packaged food or perishable goods, flammable materials, explosives, or other dangerous or hazardous material. Tenant shall pay for, and be responsible for, the clean-up of any contamination caused by Tenant's use of the storage area.

 

10.  LATE CHARGE; INTEREST; NSF CHECKS: Tenant acknowledges that either late payment of Rent or issuance of a NSF check may cause Landlord

to incur costs and expenses, the exact amount of which are extremely difficult and impractical to determine. These costs may include, but are not

limited to, processing, enforcement and accounting expenses, and late charges imposed on Landlord. If any installment of Rent due from Tenant is

not received by Landlord within      5 calendar days           after date due, or if a check is returned NSF, Tenant shall pay to Landlord, respectively, $       ____________   as late charge, plus 10% interest per annum on the delinquent amount and $25.00 as a NSF fee, any of which shall be

deemed additional Rent. Landlord and Tenant agree that these charges represent a fair and reasonable estimate of the costs Landlord may incur by

reason of Tenant's late or NSF payment. Any late charge, delinquent interest, or NSF fee due shall be paid with the current installment of Rent.

Landlord's acceptance of any late charge or NSF fee shall not constitute a waiver as to any default of Tenant. Landlord's right to collect a Late Charge

or NSF fee shall not be deemed an extension of the date Rent is due under paragraph 4, or prevent Landlord from exercising any other rights and

remedies under this agreement, and as provided by law.

 

11.  CONDITION OF PREMISES:    Tenant has examined the Premises and acknowledges that Premise is clean and in operative condition, with the

following exceptions: ____________________________________________________________________________________

Items listed as exceptions shall be dealt with in the following manner: ________________________________________________

_____________________________________________________________________________________________________

 

12.  ZONING AND LAND USE: Tenant accepts the Premises subject to all local, state and federal laws, regulations and ordinances ("Laws"). Landlord

makes no representations or warranty that Premises are now or in the future will be suitable for Tenant's use. Tenant has made its own investigation

regarding all applicable Laws.

 

13.  TENANT OPERATING EXPENSES: Tenant agrees to pay for all utilities and services directly billed to Tenant. ____________________

_________________________________________________________________________________________________________

14.  PROPERTY OPERATING EXPENSES:

A.    Tenant agrees to pay its proportionate share of Landlord's estimated monthly property operating expenses, including but not limited to, common area maintenance, consolidated utility and service bills, insurance, and real estate taxes, based on the ratio of the square footage of the Premises to the total square footage of the rentable space in the entire property. _______________________________________________________________

____________________________________________________________________________________________________________

OR B.     o     (If checked) Paragraph 14 does not apply.

 

15.  USE: The Premises are for the sole use as ______________________________________________________________________________

No other use is permitted without Landlord's prior written consent. If any use by Tenant causes an increase in the premium on Landlord's existing

property insurance, Tenant shall pay for the increased cost. Tenant will comply with all Laws affecting its use of the Premises.

 

16.  RULES/REGULATIONS: Tenant agrees to comply with all rules and regulations of Landlord (and, if applicable, Owner's Association) that are at any

time posted on the Premises or delivered to Tenant. Tenant shall not, and shall ensure that guests and licensees of Tenant do not, disturb, annoy,

endanger, or interfere with other tenants of the building or neighbors, or use the Premises for any unlawful purposes, including, but not limited to,

using, manufacturing, selling, storing, or transporting illicit drugs or other contraband, or violate any law or ordinance, or committing a waste or

nuisance on or about the Premises.

 

17. MAINTENANCE:

A.    Tenant OR  o  (If checked, Landlord) shall professionally maintain the Premises including heating, air conditioning, electrical, plumbing and water systems, if any, and keep glass, windows and doors in operable and safe condition. Unless Landlord is checked, if Tenant fails to maintain the Premises, Landlord may contract for or perform such maintenance, and charge Tenant for Landlord's cost.

B.    Landlord OR o (If checked, Tenant) shall maintain the roof, foundation, exterior walls, common areas and ___________________________

____________________________________________________________________________________________________________

 

	The copyright laws of the United States (Title 17 U.S. Code) forbid the     	 	 Landlord and Tenant acknowledge receipt of a copy of this 	 
	unauthorized reproduction of this form, or any portion thereof, by photocopy 	 	 page.	 
	
machine or any other means, including facsimile or computerized formats. 

Copyright © 1998-2001, CALIFORNIA ASSOCIATION OF REALTORS®, 

INC. ALL RIGHTS RESERVED.

	 	
    Landlord's Initials (____) (____)

    Tenant's Initials     (____) (____)

	 
	 	 	 Reviewed by	 
	CL-11 REVISED 10/01 (PAGE 2 of 6)	 	 	 
	 	 	 Broker or Designee _________   Date ________	 
	 	 	 	 

  

COMMERCIAL LEASE AGREEMENT (CL-11 PAGE 2 OF 6)

 

  

  

  

 

Premises:   2756 Alvarado Street #e                                        Date 10/26/09                                                  

                  

18.  ALTERATIONS: Tenant shall not make any alterations in or about the Premises, including installation of trade fixtures and signs, without Landlord's

prior written consent, which shall not be unreasonably withheld. Any alterations to the Premises shall be done according to Law and with required

permits. Tenant shall give Landlord advance notice of the commencement date of any planned alteration, so that Landlord, at its option, may post a

Notice of Non-Responsibility to prevent potential liens against Landlord's interest in the Premises. Landlord may also require Tenant to provide

Landlord with lien releases from any contractor performing work on the Premises.

 

19.  GOVERNMENT IMPOSED ALTERATIONS: Any alterations required by Law as a result of Tenant's use shall be Tenant's responsibility. Landlord

shall be responsible for any other alterations required by Law.

 

20.  ENTRY: Tenant shall make Premises available to Landlord or Landlord's agent for the purpose of entering to make inspections, necessary or agreed

repairs, alterations, or improvements, or to supply necessary or agreed services, or to show Premises to prospective or actual purchasers, tenants,

mortgagees, lenders, appraisers, or contractors. Landlord and Tenant agree that 24 hours notice (oral or written) shall be reasonable and sufficient

notice. In an emergency, Landlord or Landlord's representative may enter Premises at any time without prior notice.

 

21.  SIGNS: Tenant authorizes Landlord to place a FOR SALE sign on the Premises at any time, and a FOR LEASE sign on the Premises within the 90

(or o           ) day period preceding the termination of the agreement.

 

22. SUBLETTING/ASSIGNMENT: Tenant shall not sublet or encumber all or any part of Premises, or assign or transfer this agreement or any interest in

it, without the prior written consent of Landlord, which shall not be unreasonably withheld. Unless such consent is obtained, any subletting,

assignment, transfer, or encumbrance of the Premises, agreement, or tenancy, by voluntary act of Tenant, operation of law, or otherwise, shall be null

and void, and, at the option of Landlord, terminate this agreement. Any proposed sublessee, assignee, or transferee shall submit to Landlord an

application and credit information for Landlord's approval, and, if approved, sign a separate written agreement with Landlord and Tenant. Landlord's

consent to any one sublease, assignment, or transfer, shall not be construed as consent to any subsequent sublease, assignment, or transfer, and

does not release Tenant of Tenant's obligation under this agreement.

 

23. POSSESSION: If Landlord is unable to deliver possession of Premises on Commencement Date, such date shall be extended to the date on which

possession is made available to Tenant. However, the expiration date shall remain the same as specified in paragraph 2. If Landlord is unable to

deliver possession within 60 (or  o           ) calendar days  after agreed Commencement Date, Tenant may terminate this agreement by

giving written notice to Landlord, and shall be refunded all Rent and security deposit paid.

 

24.  TENANT'S OBLIGATIONS UPON VACATING PREMISES: Upon termination of agreement, Tenant shall: (i) give Landlord all copies of all keys or

opening devices to Premises, including any common areas;    (ii)   vacate Premises and surrender it to Landlord empty of all persons and personal

property; (iii)    vacate all parking and storage spaces; (iv)   deliver Premises to Landlord in the same condition as referenced in paragraph 11; (v)

clean Premises; (vi) give written notice to Landlord of Tenant's forwarding address; and, (vii) All improvements installed by Tenant, with or without Landlord's consent, become the property of Landlord upon termination. Landlord may nevertheless require Tenant to remove any such improvement that did not exist at the time possession was made available to Tenant.

 

25. BREACH OF CONTRACT/EARLY TERMINATION: In event Tenant, prior to expiration of this agreement, breaches any obligation in this agreement,

abandons the premises, or gives notice of tenant's intent to terminate this tenancy prior to its expiration, in addition to any obligations established by

paragraph 24, Tenant shall also be responsible for lost rent, rental commissions, advertising expenses, and painting costs necessary to ready

Premises for re-rental. Landlord may also recover from Tenant: (i) the worth, at the time of award, of the unpaid Rent that had been earned at the time

of termination; (ii) the worth, at the time of award, of the amount by which the unpaid Rent that would have been earned after expiration until the time

of award exceeds the amount of such rental loss the Tenant proves could have been reasonably avoided; and (iii) the worth, at the time of award, of

the amount by which the unpaid Rent for the balance of the term after the time of award exceeds the amount of such rental loss that Tenant proves

could be reasonably avoided. Landlord may elect to continue the tenancy in effect for so long as Landlord does not terminate Tenant's right to

possession, by either written notice of termination of possession or by reletting the Premises to another who takes possession, and Landlord may

enforce all Landlord's rights and remedies under this agreement, including the right to recover the Rent as it becomes due.

 

26. DAMAGE TO PREMISES: If, by no fault of Tenant, Premises are totally or partially damaged or destroyed by fire, earthquake, accident or other

casualty, Landlord shall have the right to restore the Premises by repair or rebuilding. If Landlord elects to repair or rebuild, and is able to complete

such restoration within 90 days from the date of damage, subject to terms of this paragraph, this agreement shall remain in full force and effect. If

Landlord is unable to restore the Premises within this time, or if Landlord elects not to restore, then either Landlord or Tenant may terminate this

agreement by giving the other written notice. Rent shall be abated as of the date of damage. The abated amount shall be the current monthly Base

Rent prorated on a 30-day basis. If this agreement is not terminated, and the damage is not repaired, then Rent shall be reduced based on the extent

to which the damage interferes with Tenant's reasonable use of Premises. If damage occurs as a result of an act of Tenant or Tenant's guests, only

Landlord shall have the right of termination, and no reduction in Rent shall be made.

 

27. HAZARDOUS MATERIALS: Tenant shall not use, store, generate, release or dispose of any hazardous material on the Premises or the property of

which the Premises are part. However, Tenant is permitted to make use of such materials that are required to be used in the normal course of

Tenant's business provided that Tenant complies with all applicable Laws related to the hazardous materials. Tenant is responsible for the cost of

removal and remediation, or any clean-up of any contamination caused by Tenant.

 

28. CONDEMNATION: If all or part of the Premises is condemned for public use, either party may terminate this agreement as of the date possession is

given to the condemner. All condemnation proceeds, exclusive of those allocated by the condemner to Tenant's relocation costs and trade fixtures,

belong to Landlord.

 

29. INSURANCE: Tenant's personal property, fixtures, equipment, inventory and vehicles are not insured by Landlord against loss or damage due to fire,

theft, vandalism, rain, water, criminal or negligent acts of others, or any other cause. Tenant is to carry Tenant's own property insurance to protect

Tenant from any such loss. In addition, Tenant shall carry liability insurance in an amount of not less than $ . Tenant's liability

insurance shall name Landlord and Landlord's agent as additional insured. Tenant, upon Landlord's request, shall provide Landlord with a certificate

of insurance establishing Tenant's compliance. Landlord shall maintain liability insurance insuring Landlord, but not Tenant, in an amount of at least

$                         , plus property insurance in an amount sufficient to cover the replacement cost of the property. Tenant is advised to carry

business interruption insurance in an amount at least sufficient to cover Tenant's complete rental obligation to Landlord. Landlord is advised to obtain

a policy of rental loss insurance. Both Landlord and Tenant release each other, and waive their respective rights to subrogation against each other, for

loss or damage covered by insurance.

 

	The copyright laws of the United States (Title 17 U.S. Code) forbid the     	 	 Landlord and Tenant acknowledge receipt of a copy of this 	 
	unauthorized reproduction of this form, or any portion thereof, by photocopy 	 	 page.	 
	
machine or any other means, including facsimile or computerized formats. 

Copyright © 1998-2001, CALIFORNIA ASSOCIATION OF REALTORS®, 

INC. ALL RIGHTS RESERVED.

	 	
    Landlord's Initials (____) (____)

    Tenant's Initials     (____) (____)

	 
	 	 	 Reviewed by	 
	CL-11 REVISED 10/01 (PAGE 3 of 6)	 	 	 
	 	 	 Broker or Designee _________   Date ________	 
	 	 	 	 

 

COMMERCIAL LEASE AGREEMENT (CL-11 PAGE 3 OF 6)

 

 

  

  

  

 

Premises:   2756 Alvarado Street #e                                        Date 10/26/09                                                  

 

30.  TENANCY STATEMENT (ESTOPPEL CERTIFICATE):    Tenant shall execute and return a tenancy statement (estoppel certificate), delivered to

Tenant by Landlord or Landlord's agent, within 3 days after its receipt. The tenancy statement shall acknowledge that this agreement is unmodified

and in full force, or in full force as modified, and state the modifications. Failure to comply with this requirement: (i) shall be deemed Tenant's

acknowledgment that the tenancy statement is true and correct, and may be relied upon by a prospective lender or purchaser; and (ii) may be treated

by Landlord as a material breach of this agreement. Tenant shall also prepare, execute, and deliver to Landlord any financial statement (which will be

held in confidence) reasonably requested by a prospective lender or buyer.

 

31.  LANDLORD'S TRANSFER: Tenant agrees that the transferee of Landlord's interest shall be substituted as Landlord under this agreement. Landlord

will be released of any further obligation to Tenant regarding the security deposit, only if the security deposit is returned to Tenant upon such transfer,

or if the security deposit is actually transferred to the transferee. For all other obligations under this agreement, Landlord is released of any further

liability to Tenant, upon Landlord's transfer.

 

32.  SUBORDINATION: This agreement shall be subordinate to all existing liens and, at Landlord's option, the lien of any first deed of trust or first

mortgage subsequently placed upon the real property of which the Premises are a part, and to any advances made on the security of the Premises,

and to all renewals, modifications, consolidations, replacements, and extensions. However, as to the lien of any deed of trust or mortgage entered into

after execution of this agreement, Tenant's right to quiet possession of the Premises shall not be disturbed if Tenant is not in default and so long as

Tenant pays the Rent and observes and performs all of the provisions of this agreement, unless this agreement is otherwise terminated pursuant to its

terms. If any mortgagee, trustee, or ground lessor elects to have this agreement placed in a security position prior to the lien of a mortgage, deed of

trust, or ground lease, and gives written notice to Tenant, this agreement shall be deemed prior to that mortgage, deed of trust, or ground lease, or the

date of recording.

 

33.  TENANT REPRESENTATIONS; CREDIT:   Tenant warrants that all statements in Tenant's financial documents and rental application are accurate.

Tenant authorizes Landlord and Broker(s) to obtain Tenant's credit report at time of application and periodically during tenancy in connection with

approval, modification, or enforcement of this agreement Landlord may cancel this agreement: (i) before occupancy begins, upon disapproval of the

credit report(s); or (ii) at any time, upon discovering that information in Tenant's application is false. A negative credit report reflecting on Tenant's

record may be submitted to a credit reporting agency, if Tenant fails to pay Rent or comply with any other obligation under this agreement.

 

34.  DISPUTE RESOLUTION:

A. MEDIATION: Tenant and Landlord agree to mediate any dispute or claim arising between them out of this agreement, or any resulting transaction,

before resorting to arbitration or court action, subject to paragraph 34B(2) below. Paragraphs 34B(2) and (3) apply whether or not the arbitration

provision is initialed. Mediation fees, if any, shall be divided equally among the parties involved. If for any dispute or claim to which this paragraph

applies, any party commences an action without first attempting to resolve the matter through mediation, or refuses to mediate after a request has

been made, then that party shall not be entitled to recover attorney fees, even if they would otherwise be available to that party in any such action.

THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION IS INITIALED.

B. ARBITRATION OF DISPUTES: (1) Tenant and Landlord agree that any dispute or claim in Law or equity arising between them out of this agreement or any resulting transaction, which is not settled through mediation, shall be decided by neutral, binding arbitration, including and subject to paragraphs 34B(2) and (3) below. The arbitrator shall be a retired judge or justice, or an attorney with at least 5 years of real estate transactional law experience, unless the parties mutually agree to a different arbitrator, who shall render an award in accordance with substantive California Law. In all other respects, the arbitration shall be conducted in accordance with Part III, Title 9 of the California Code of Civil Procedure. Judgment upon the award of the arbitrator(s) may be entered in any court having jurisdiction. The parties shall have the right to discovery in accordance with Code of Civil Procedure §1283.05.

(2) EXCLUSIONS FROM MEDIATION AND ARBITRATION:  The following matters are excluded from Mediation and Arbitration hereunder: (i) a

judicial or non-judicial foreclosure or other action or proceeding to enforce a deed of trust, mortgage, or installment land sale contract as defined in

Civil Code §2985; (ii) an unlawful detainer action; (iii) the filing or enforcement of a mechanic's lien; (iv) any matter that is within the jurisdiction of

a probate, small claims, or bankruptcy court; and (v) an action for bodily injury or wrongful death, or for latent or patent defects to which Code of

Civil Procedure §337.1 or §337.15 applies. The filing of a court action to enable the recording of a notice of pending action, for order of attachment,

receivership, injunction, or other provisional remedies, shall not constitute a violation of the mediation and arbitration provisions.

(3) BROKERS: Tenant and Landlord agree to mediate and arbitrate disputes or claims involving either or both Brokers, provided either or both

Brokers shall have agreed to such mediation or arbitration, prior to, or within a reasonable time after the dispute or claim is presented to Brokers.

Any election by either or both Brokers to participate in mediation or arbitration shall not result in Brokers being deemed parties to the agreement.

"NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY."

"WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION TO NEUTRAL ARBITRATION."

Landlord's Initials          /               Tenant's Initials                /

 

	The copyright laws of the United States (Title 17 U.S. Code) forbid the     	 	 Landlord and Tenant acknowledge receipt of a copy of this 	 
	unauthorized reproduction of this form, or any portion thereof, by photocopy 	 	 page.	 
	
machine or any other means, including facsimile or computerized formats. 

Copyright © 1998-2001, CALIFORNIA ASSOCIATION OF REALTORS®, 

INC. ALL RIGHTS RESERVED.

	 	
    Landlord's Initials (____) (____)

    Tenant's Initials     (____) (____)

	 
	 	 	 Reviewed by	 
	CL-11 REVISED 10/01 (PAGE 4 of 6)	 	 	 
	 	 	 Broker or Designee _________   Date ________	 
	 	 	 	 

  

COMMERCIAL LEASE AGREEMENT (CL-11 PAGE 4 OF 6)

 

  

  

  

  

 

Premises:   2756 Alvarado Street #e                                        Date 10/26/09                                                  

 

35. JOINT AND INDIVIDUAL OBLIGATIONS:     If there is more than one Tenant, each one shall be individually and completely responsible for the

performance of all obligations of Tenant under this agreement, jointly with every other Tenant, and individually, whether or not in possession.

 

36. NOTICE: Notices may be served by mail, facsimile, or courier at the following address or location, or at any other location subsequently designated:

 

	 Landlord:	 	 Tenant:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

Notice is deemed effective upon the earliest of the following: (i) personal receipt by either party or their agent; (ii) written acknowledgement of notice;

or (iii) 5 days after mailing notice to such location by first class mail, postage pre-paid.

 

37.  WAIVER: The waiver of any breach shall not be construed as a continuing waiver of the same breach or a waiver of any subsequent breach.

 

38.  INDEMNIFICATION:   Tenant shall indemnify, defend and hold Landlord harmless from all claims, disputes, litigation, judgments and attorney fees

arising out of Tenant's use of the Premises.

 

39.  OTHER TERMS AND CONDITIONS/SUPPLEMENTS: _______________________________________________________________________

 

The following ATTACHED supplements/exhibits are incorporated in this agreement: ___________________________________________________

_____________________________________________________________________________________________________________________

 

40.  ATTORNEY FEES: In any action or proceeding arising out of this agreement, the prevailing party between Landlord and Tenant shall be entitled to

reasonable attorney fees and costs from the non-prevailing Landlord or Tenant, except as provided in paragraph 34A.

 

41.  ENTIRE CONTRACT:  Time is of the essence. All prior agreements between Landlord and Tenant are incorporated in this agreement, which

constitutes the entire contract. It is intended as a final expression of the parties' agreement, and may not be contradicted by evidence of any prior

agreement or contemporaneous oral agreement. The parties further intend that this agreement constitutes the complete and exclusive statement of its

terms, and that no extrinsic evidence whatsoever may be introduced in any judicial or other proceeding, if any, involving this agreement. Any provision

of this agreement that is held to be invalid shall not affect the validity or enforceability of any other provision in this agreement. This agreement shall

be binding upon, and inure to the benefit of, the heirs, assignees and successors to the parties.

 

42.  BROKERAGE:  Landlord and Tenant shall each pay to Broker(s) the fee agreed to, if any, in a separate written agreement. Neither Tenant nor

Landlord has utilized the services of, or for any other reason owes compensation to, a licensed real estate broker (individual or corporate), agent,

finder, or other entity, other than as named in this agreement, in connection with any act relating to the Premises, including, but not limited to,

inquiries, introductions, consultations, and negotiations leading to this agreement. Tenant and Landlord each agree to indemnify, defend and hold

harmless the other, and the Brokers specified herein, and their agents, from and against any costs, expenses, or liability for compensation claimed

inconsistent with the warranty and representation in this paragraph 42.

 

43. AGENCY CONFIRMATION: The following agency relationships are hereby confirmed for this transaction:

Listing Agent:   ______________________________________________  (Print Firm Name) is the agent of (check one):

o     the Landlord exclusively; or   o    both the Tenant and Landlord.

Selling Agent:  __________________________________________   (Print Firm Name) (if not same as Listing Agent) is the agent of (check one):

o   the Tenant exclusively; or  o   the Landlord exclusively; or    o   both the Tenant and Landlord.

Real Estate Brokers are not parties to the agreement between Tenant and Landlord.

 

	The copyright laws of the United States (Title 17 U.S. Code) forbid the     	 	 Landlord and Tenant acknowledge receipt of a copy of this 	 
	unauthorized reproduction of this form, or any portion thereof, by photocopy 	 	 page.	 
	
machine or any other means, including facsimile or computerized formats. 

Copyright © 1998-2001, CALIFORNIA ASSOCIATION OF REALTORS®, 

INC. ALL RIGHTS RESERVED.

	 	
    Landlord's Initials (____) (____)

    Tenant's Initials     (____) (____)

	 
	 	 	 Reviewed by	 
	CL-11 REVISED 10/01 (PAGE 5 of 6)	 	 	 
	 	 	 Broker or Designee _________   Date ________	 
	 	 	 	 

 

COMMERCIAL LEASE AGREEMENT (CL-11 PAGE 5 OF 6)

 

 

  

  

  

Premises:   848 STEWART DRIVE, SUITE #101                                        Date 03/25/09                                                  

 

 

	 	 	 
	 	Landlord and Tenant acknowledge and agree that Brokers: (i) do not guarantee the condition of the Premises; (ii) cannot verify representations made by others; (iii) will not verify zoning and land use restrictions; (iv) cannot provide legal or tax advice; (v) will not provide other advice or information that exceeds the knowledge, education or experience required to obtain a real estate license. Furthermore, if Brokers are not also acting as Landlord in this agreement, Brokers: (vi) do not decide what rental rate a Tenant should pay or Landlord should accept; and (vii) do not decide upon the length or other terms of tenancy. Landlord and Tenant agree that they will seek legal, tax, insurance, and other desired assistance from appropriate professionals.	 
	 	 	 

 

NO BROKER, NA

 

	Tenant	 
ELITE RENEWABLE ENERGY TECHNOLOGIES, INC.

	 	 	 	 	 Date	 10/13/09
	 
ELITE RENEWABLE ENERGY TECHNOLOGIES, INC.

	 	 
	(Print name)	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	Address	848 STEWART DRIVE, SUITE #101	 City	SUNNYVALE	 State	 CA	 Zip	 94085
	 	 	 	 	 	 	 	 
	Tenant	 	 	 	 	 	 Date 	 
	 	 	 	 	 	 	 	 
	(Print name)	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	Address	 	 City	 	 State	 	 Zip	 
	 	 	 	 	 	 	 	 
	Landlord	 
QUALITY GREEN BUILDING SUPPLIES, INC.

	 	 	 	 	 Date	 10/13/09
	 	(owner or agent with authority to enter into this agreement)	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	Address	 
2756 ALVARADO ST

	 City	 
SAN LEANDRO

	 State	 CA	 Zip	 94577
	 	 	 	 	 	 	 	 
	Landlord	 	 	 	 	 	 	 
	 	(owner or agent with authority to enter into this agreement)	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	Address	 	 City	 	 State	 	 Zip	 
	 	 	 	 	 	 	 	 

 

Agency relationships are confirmed as above. Real estate brokers who are not also Landlord in this agreement are not a party to the agreement between

Landlord and Tenant.

 

	Real Estate Broker (Leasing Firm)	 	 	 	 	 	 	 
	 By (Agent)	 	 	 	 	 	 	 Date	 
	 	 	 	 	 	 	 	 	 
	 Address	 	 	 City 	 	 State	 	 Zip	 
	 Telephone	 	 	 Fax	 	 	 Email	 	 

 

	Real Estate Broker (Leasing Firm)	 	 	 	 	 	 	 
	 By (Agent)	 	 	 	 	 	 	 Date	 
	 	 	 	 	 	 	 	 	 
	 Address	 	 	 City 	 	 State	 	 Zip	 
	 Telephone	 	 	 Fax	 	 	 Email	 	 

THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL.

This form is available for use by the entire real estate industry. It is not intended to identify the user as a REALTOR®. REALTOR® is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to its Code of Ethics.

Published and Distributed by:

REAL ESTATE BUSINESS SERVICES, INC.

a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS®

525 South Virgil Avenue, Los Angeles, California 90020

 

	CL-11 REVISED 10/01 (PAGE 6 of 6)	 	
  Reviewed by

  Broker or Designee _________   Date ________

	 

 

COMMERCIAL LEASE AGREEMENT (CL-11 PAGE 6 OF 6)fs1a1ex10iii_elitenrgy.htm

Exhibit 10.3

 

QUALITY GREEN BUILDING SUPPLIES, INC.

SUBSCRIPTION AGREEMENT

 

 

COMMON STOCK AT $0.0101 PER SHARE

 

THE SHARES TO BE ISSUED BY QUALITY GREEN BUILDING SUPPOES, INC. (THE “COMPANY”) HAVE NOT BEEN REGISTERED UNDER THE SRCURITYS ACT OF 1933, AS AMMENDED (THE “ACT”), OR APPLICABLE STATE BLUE SKY OR SECURITIES LAWS AND ARE OFFERED UNDER AN EXEMPTION FROM THE REGISTRATION PROVISIONS OF SUCH LAWS.

 

THE SHARES CANNOT BE SOLD, TRANSFERRED, ASSIGNED, OR OTHERWISE DISPOSED OF EXVEPT IN COMPLIANCE WITH THE RESTRICTIONS ON TRANSFER CONTAINED IN THEIS SUBSCRIPTION AND APPLICABLE FEDERAL AND STATE SECUTIRTIES LAWS.

 

The undersigned Elite Renewable Energies Technology, Inc. (the “Subscriber”) hereby applies to purchase shares of Common Stock (the “Shares”) of Quality Green Building Supplies, Inc., a California corporation (the “Company”) in accordance with the terms and conditions of this Subscription Agreement (the “Agreement” or “Subscription”).

 

	
1.  

	
Subscription Payment.  As payment for the Shares, with the execution of this Agreement the subscriber is payable to the order of the Company in the aggregate amount of Three Hundreds Seventy Thousand Dollars ($330,000.00) to QUALITY GREEN BUILDING SUPPLIES, INC. or have arranged for a wire transfer to the account and pursuant to the instructions set forth for payment of the Shares.

 

	
2.  

	
Description of Shares. Except otherwise as provided in this Agreement and the Voting Agreement, the Shares shall have the rights, privileges and preferences as set forth in the Company’s Bylaws attached hereto.

 

	
3.  

	
Representations of the Company. The Company hereby represents to the Subscriber that:

 

	
a.  

	
The Company is in good standing with its state of incorporation,

 

	
b.  

	
The Company has only one class of common stock and has sold 32,673,268 shares the common stock to its three founders and has none other series of common nor prefer stick, authorized, issued and outstanding.

 

	
c.  

	
The Company Board of Directors has properly authorized the sale and issuance additional 32,673,268 shares of its common stock to the Subscriber,

 

	
d.  

	
The total common shares issued and outstanding after the execution of this transaction is 64,673,268 shares and the subscription of 32,673,268 shares does represent fifty point fifty two percent (50.52%) of the total shared issued and outstanding.

 

	
e.  

	
The Company shall not sell or issue any additional shares capital stock that would have the effect of diluting Subscriber in a manner different than any other holder of the same class of securities of the Company,

 

  

1

  

 

	
f.  

	
The Company has no plan to sell additional shares and will not unless first obtained written consent from the Subscriber.

 

	
4.  

	
Representations of the Subscriber.  In consideration of the Company’s acceptance of the Subscription, the Subscriber make the following representations and warranties to the Company, to its principals, and to participating broker-dealers, if any, jointly and severally, which warranties and representations shall survive any acceptance of the subscription of the Shares:

 

	
a.  

	
The Subscriber is familiar with the business of the Company.  The Subscriber has had the opportunity to ask questions and receive any additional information from persons acting on behalf of the Company to verify its understanding of the terms thereof and the of the Company’s business and status thereof, and that no oral information furnished to the undersigned or its advisors in connection with its subscription of the Shares has been in any way in consistent with other documentary information provided.

 

	
b.  

	
The Subscriber that it has received and retained information regarding the Company and that its Board of Directors has carefully read and understood all parts of such document which shall be incorporated in full into this Subscription Agreement.

 

	
c.  

	
The Subscriber acknowledges that it has not seen, received, been presented with, or been solicited by any leaflet, public promotional meeting, newspaper or magazine article or advertisement, radio or television advertisement, or any other form of advertising or general solicitation with respect to the Shares.

 

	
d.  

	
The Shares are being purchased for the Subscriber’s own account for long-term investment an d not with a view to immediately re-sell the Shares. No other person or entity will have any direct or indirect beneficial interest in, or right to, the Shares.  The Subscriber or its agents or investment advisors have such knowledge and experience in financial and business matters that will enable it to utilize the information made available in connection with the purchase of the Shares to evaluate the merits and risks thereof and to make an informed investment decision.

 

	
e.  

	
The Subscriber acknowledges that the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or qualified under the California Securities Law, any other applicable blue sky laws, in reliance, in part, on its representations, warranties and agreements made herein.

 

	
f.  

	
Other than the rights specifically set forth in this Subscription, the Subscriber represents, warrants and agrees that the Company and the officers of the Company (the Company’s Officers”) are under no obligation to register or qualify the Shares under the Securities Act or under any state securities law, or to assist the undersigned in complying with any exemption from registration and qualification.

 

  

2

  

 

	
g.  

	
The Subscriber represents that it meets the criteria for participation because (i) it or its principals or management have a preexisting business relationship with the Company or one or more of its partners, officers, directors or controlling persons, or (ii) by reason of the business or financial experience of its financial advisors who are unaffiliated with, and are not compensated, directly or indirectly, by the Company or any affiliate or selling agent of the Company, the Subscriber is capable of evaluating the risk and merits of an investment in the Shares and of protecting its own interests; and it has evaluating the risk and merits of an investment in the Shares and of protecting its own interests; and it has total assets in excess of $5,000,000 and was not formed for the specific purpose of acquiring the Shares.

 

	
h.  

	
The Subscriber understands that the Shares are illiquid and cannot be readily sold as there will not be public market for them and that the Subscriber may not be able to sell or dispose of the Shares, or the utilize the Shares as collateral for a loan.  The subscriber must not purchase the Shares unless it have liquid assets sufficient to assure that such purchase will cause it no undue financial difficulties and that the Subscriber can still provide for it current and possible contingencies, and that the commitment herein for the Shares, combined with its other investments, is reasonable in relation to the Subscriber’s financial conditions.

 

	
i.  

	
The Subscriber understands that its right to transfer the Shares will be restricted against unless the transfer is not in violation of the Securities Act, the California Securities Law, and any other applicable state securities laws (including investment suitability standards), that the Company will not consent to a transfer of the Shares unless the transferee represents that such transferee meets the financial suitability standard required of an initial participant and that the company has the right , in its absolute discretion, to refuse to consent to such transfer.

 

	
j.  

	
The Subscriber has been advised to consult with its own attorney or attorneys regarding all legal matters concerning an investment in the Company and the tax consequences of purchasing the Shares, and have done so, to the extent it considers necessary.

 

	
k.  

	
The Subscriber acknowledges that is tax consequences of investing in the Company will depend on its particular circumstances, and neither the Company, the Company’s Officers, any other investors, nor the partners, shareholders, members,  managers, agents, officers, directors, employees, affiliates or consultants of any of them, will be responsible or liable for its tax consequences of an investment in the Company.  The Subscriber will look solely to and rely upon its own advisers with respect to the tax consequences of this investment.

 

	
l.  

	
All information which the Subscriber has provided to the Company concerning itself, its financial position and its knowledge of financial and business matters is truthful accurate, correct and complete as of the date set forth herein.

 

	
m.  

	
Each certificate or instrument representing securities issuable pursuant to this Subscription will be endorsed with the following legend:

 

  

3

  

 

THE SECURITIES EVIDENCED BY THE CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SUCURITIES ACT OF 1933, AS AMMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES, THE TRANSFER IS MADE IN COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT OR THE COMPANY RECEIVES AN OPTION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES WHICH IS REASONABLY STATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

 

	
5.  

	
Conditions precedent to the Company’s obligations to Issue Shares.  The Subscriber understand that the Company’s obligations to sell and issue the Shares are conditioned upon the receipt and acceptance by the Company of this Agreement, properly executed and the acceptance by Company of the purchase price.

 

	
6.  

	
Survival of Representations, Warranties and Agreements.  The representations, warranties and agreements contained herein shall survive the delivery of, and payment for, the Shares.

 

	
7.  

	
Acceptance of Subscription.  The Company may accept this Subscription at any time in its sole discretion for the Shares subscribed for by executing a copy hereof as provided. The Subscriber understands that the Company may, in its sole discretion, reject this Subscription or may accept only a portion of this Subscription.  The Subscriber shall not have any of the rights of a shareholder of the Company and any sale of Shares shall not be deemed to occur, until the Company accepts its offer in writing and until the Subscriber has made full payment for the Shares subscribed therefore.

 

	
8.  

	
Indemnification of the Company.  The Subscriber hereby agrees to indemnify and hold harmless the Company, its respective officers, directors, shareholders, employees, agents and attorneys of each such entity against any and all losses, claims, demands, liabilities and expenses (including reasonable legal or other expenses incurred by each such person in connection with defending or investigating any such claims or liabilities, whether or not resulting in any liability to such person) to which any such indemnified party may become subject under the Securities Act, under any other statute, at common law or otherwise, insofar as such loses, claims, demands, liabilities and expenses which (a) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in this Subscription, or (b) arise out of or are based upon any breach of any representation, warranty or agreement contained herein.

 

	
9.  

	
Miscellaneous.

 

	
a.  

	
This Subscription may be amended only be execution of a written instrument executed by all parties hereto.

 

	
b.  

	
This Subscription may not be assigned by Subscriber without the express written consent of the Company.

 

	
c.  

	
Each party hereto agrees to execute any instrument and to perform any acts which are or may become necessary to effectuate this Subscription and to fulfill its terms.

 

  

4

  

 

	
d.  

	
This Subscription shall be binding upon and inure to the benefit of the parties hereto, their respective heirs, personal representative, successors and assigns.

 

	
e.  

	
This Subscription constitutes the entire agreement between the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements, understandings, negotiations and discussions, both written and oral, between those parties hereto with respect to such subject matter.

 

	
f.  

	
This Subscription shall be interpreted pursuant to and governed by the laws of the State of California.

 

	
g.  

	
The invalidity or unenforceability of any provision of this Subscription shall not affect the validity or enforceability of the remaining provisions.

 

	
h.  

	
This Subscription may be executed in any manner of counterparts and by the separate parties hereto in separate counterparts, each of which shall be deemed to be the one and the same instrument.

 

	
i.  

	
Any notice under this Subscription shall be deemed to have been sufficiently given if sent by registered or certified mail, postage prepaid, addressed to (1) the Company at Quality Green Building Supplies, Inc., c/o Anslow & Jackline, LLP, 195 Route 9 South, Suite 204, Manalapan, New Jersey, 07726 Att: Greg Jacklin, Esq.; and (2) at the Subscriber’s address appearing on the signature page(s) hereto or to any other address which may hereafter be designated by either party by notice given in such manner.  All notices shall be deemed to have been given as of the date of receipt.

 

	
j.  

	
If any legal action or other preceding (nonexclusively including arbitration) is brought for the enforcement of or to declare any right or obligation under this Subscription or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Subscription, or otherwise because of a dispute among the parties hereto, the prevailing party will be entitled to recover actual attorney’s fees (including costs for appeals and collection) and other costs incurred in such action or proceeding, in addition to any other relief to which such party may be entitled.

 

	
k.  

	
The section and subsection headings in this Subscription are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Subscription.

 

	
l.  

	
The Subscriber agrees and acknowledges that (i) the information contained herein is confidential in nature and the recipient will not disclose this information to any other parties, except for professional adviser engaged to assist in the consideration of this business, (ii) a breach of this confidentiality would be harmful to the Company, (iii) that the materials or information received regarding the Company will not be reproduced or distributed to others, and (iv) upon the request of the Company, any and all materials of the Company received will be returned.

 

[Signature Page to Follow]

 

  

5

  

 

Subject to acceptance by the Company, the undersigned has completed this Subscription, this 18th day of Aug 2009.

 

SHARES PURCHASED: 32,673,268 SHARES OF COMMON STOCK;

 

PURCHASE PRICE: $0.0101 PER SHARE.

 

	 	“SUBSCRIBER”	 
	 	 	 
	 	ELITE RENEWABLE ENERGIES 	 
	 	TECHNOLOGY, INC.	 
	 	 	 	 
	
 

	

By:

	/s/ George Ma	 
	 	 	George Ma, Chairman	 
	 	 	 	 
	 	 	 	 
	 	Date:	               8/18 , 2009	 
	 	 	 	 
	 	Address: 	848 Stewart Drive, #101  	 
	 	 	Sunnyvale, CA 94085	 

 

The foregoing Subscription is accepted this 18th day of Aug, 2009

 

	 	“COMPANY”	 
	 	 	 
	 	QUALITY GREEN BUILDING 	 
	 	SUPPLIES, INC.	 
	 	 	 	 
	
 

	
By: 

	/s/ Spencer Luo	 
	 	 	Spencer Luo, CEO	 
	 	 	 	 
	 	 	 	 
	 	By:	 /s/ Steven Leung	 
	 	 	Steven Leung, Secretary	 
	 	 	 	 
	 	Date:	             8/18 , 2009	 
	 	 	 	 
	 	Address: 	PO BOX 1360, Millbrae,	 
	 	 	CA 94030	 

 

 

6

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