Document:

Unassociated Document

    Exhibit
      10.16

     

    Lease
      Agreement

    (English
      Translation)

    

    In
      accordance with Contract
      Law of the PRC
      and
      other relevant laws and regulations, the lessor Fuyong Yingfeng Machinery &
Equipment Factory (“Party A”) and the lessee Shenzhen Ritar Power Co., Ltd.
      (“Party B”) have reached the following agreement (the “Agreement”) through
      friendly negotiation.

    

    Article
      1 Lease Property 

     

    Party
      A
      agrees to lease Party B the property (the “Lease Property”) located at the
      second floor of block A1, 3rd
      Area (A)
      of Xinhexinxing, Fuyong Town, Bao’an District, Shenzhen with an area of 2,100
      square meters.

    

    Article
      2 Usage

     

    The
      Lease
      Property shall be used as factory, and the maximum weight that each square
      meter
      of land of the Lease Property can support is 550 kilograms. Unless agreed upon
      by both parties, Party B shall not alter the structure and usage of this Lease
      Property, or it shall bear whole liability.

    

    Article
      3 Lease Term

     

    The
      lease
      term shall be one year, commencing on 15th
      March
      2007 and expiring on 14th
      March
      2008.

    

    Article
      4 Rental and Payment Mode

     

    
      	1)  	
              The
                rent shall be RMB 25,200 Yuan per month (RMB 12 Yuan per square meter
                per
                month). After every 2 years commencing from the coming into effect
                of this
                Agreement, the rent shall increase 5% on the basis of the preceding
                month’s rent.

            

    

    
      	 	 

    

    
      	2)  	
              The
                rent and other fees shall be paid monthly, and Party B shall pay
                the
                monthly rent to Party A before the 5th
                day of each month, and Party A shall present relevant receipts to
                Party B
                when it receives the rent (Party B shall be responsible for relevant
                taxes). In case Party B fails to pay the monthly rent timely, it
                shall pay
                an overdue penalty calculated as 5‰ of the unpaid overdue fees per day.
                

            

    

    

    Article
      5 Deposit 

     

    
      	1)  	
              Party
                B shall pay the safety deposit (the “Deposit”) RMB 50,000 to Party A on
                the date of the coming into effect of this Agreement. After Party
                B enters
                into the Lease Property, it shall pay the rent of the first month
                to Party
                A, and the Deposit will be returned to Party B after this Agreement
                expires and all the fees have been paid
                off.

            

    

    
      	 	 

    

    
      	2)  	
              The
                Deposit shall not be used to set off the rent, management fee, utilities
                or other relevant fees.

            

    

    

    Article
      6 Date of Transfer and Improvements 

     

    
      	1)  	
              Party
                A shall deliver the Lease Property to Party B by 15th
                March, 2007 for improvements, and the rents shall be collected from
                15th
                April, 2007. The plan of improvements shall be delivered to Party
                A in
                writing and approved by Party A . 

            

    

    
      	 	 

    

    
      	2)  	
              Party
                B shall pay the fees for electricity during the period of
                improvements.

            

    

    
      	 	 

    

    
      	3)  	
              Party
                A shall be entitled to supervise Party B’s construction and cure any
                activity which may be deemed to be breach of the improvements
                plan.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    Article
      7 Rights and Obligations of Party A

     

    
      	1)  	
              Party
                A shall provide the original facilities in relation to the use of
                water
                and electricity to Party B. In case Party B needs additional facilities
                related to the use of water and electricity, Party A shall choose
                qualified products and install them, and Party B shall bear the relevant
                expenses.

            

    

    
      	 	 

    

    
      	2)  	
              In
                case Party B delays to pay the rent, management fee or fees for water
                and
                electricity to Party A for more than one month, this Agreement shall
                be
                terminated and Party A is entitled to refuse to return the Deposit
                to
                Party B.

            

    

    
      	 	 

    

    
      	3)  	
              Party
                A shall provide the access to the original elevator (load
                capability:2000KG) to Party B or more parties, and Party B shall
                comply
                with relevant national rules in relation to the use of elevator.
                The
                maintenance and annual test fee shall be born by Party A, and the
                charge
                for electricity of such elevator shall be born by Party
                B.

            

    

    

    Article
      8 Rights and Obligations of Party B

     

    
      	1)  	
              Party
                B shall use the Lease Property subject to relevant laws, regulations
                and
                rules and actively support and assist Party A to have the Lease Property
                examined and supervised by relevant authorities. Party B shall be
                fully
                responsible for the safety of the company’s personnel, property and
                materials.

            

    

    
      	 	 

    

    
      	2)  	
              As
                of the execution of this Agreement or immediately following the
                commencement of the operation of Party B on the Lease Property, Party
                B
                shall deliver its business license and other relevant certificates
                to
                Party A for record. Party B shall bear whole liabilities which result
                from
                Party A’ s unlawful acts and also the economic loss of party A (if
                any).

            

    

    
      	 	 

    

    
      	3)  	
              Party
                B shall comply with the rules issued by Party A, including, but not
                limited to Car Management Rules, Guest Management Rules
                etc.

            

    

    
      	 	 

    

    
      	4)  	
              Party
                B shall not alter the structure of the Lease Property. In case of
                any
                special situation, Party B shall negotiate with Party A and obtain
                the
                approval of Party A to alter the structure under the supervision
                of
                testing personnel from Party A without affecting the main infrastructure
                of the Lease Property.

            

    

    
      	 	 

    

    
      	5)  	
              No
                pets or other animals are allowed within the working and living
                area.

            

    

    
      	 	 

    

    
      	6)  	
              Party
                will be responsible for the maintenance of this Lease Property during
                the
                term of this Agreement.

            

    

    
      	 	 

    

    
      	7)  	
              In
                the event that Party B intends to place outdoor advertisement, it
                shall
                obtain the prior written consent of Party A and relevant approval
                of
                relevant authority and comply with relevant laws and regulations.
                Party B
                shall be responsible for the safety of placing such advertisement
                and the
                management of such advertisement.

            

    

    

    Article
      9 Fire Control and Manufacture

     

    
      	1)  	
              Party
                B shall comply with relevant laws and regulations in respect of the
                fire
                control and manufacture and make good arrangements to secure the
                safety.

            

      	 	 

    

    
      	2)  	
              In
                the event that Party B intends to make alterations or improvements
                of the
                Lease Property, it shall deliver the alteration or improvements plan
                in
                writing to Party A for review and obtain the written approval of
                Party A.
                Party B shall go through relevant procedures with the fire control
                authority and obtain relevant
                approvals.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

      
        	
                3)

              	
                Party
                  B shall adopt necessary measures to protect the fire control facilities
                  (such as fireplug, fire extinguisher, emergency light etc.) in
                  the Lease
                  Property.

              

        	 	 

      

    

    
      	4)  	
              During
                the lease term, Party B shall ensure that the evacuation path and
                safe
                exit are unblocked. Party B shall not take up the firebreak or block
                the
                evacuation path.

            

    

    
      	 	 

    

    
      	5)  	
              Party
                A shall be entitled to examine, supervise the fire control and manufacture
                of Party B and request Party B cure the defects. Party A is entitled
                to
                terminate this Agreement if Party B refuses to do so.
                

            

    

    
      	 	 

    

    
      	6)  	
              Any
                liability or loss incurred from the fire control or manufacture of
                Party B
                shall be born by Party B, and any loss incurred from such matter
                to Party
                A or any third party also shall be born by Party
                B.

            

    

    

    Article
      10 Labor Dispute

     

    
      	1)  	
              During
                the lease term, Party B shall be responsible for the employee salaries
                and
                purchase social insurance and responsible for work-related injury,
                medical
                treatment of its employees subject to the Labor Law and any other
                relevant
                laws. If Party B fails to fulfill its obligations in this Article
                10 after
                Party A gives written notice, Party A shall be entitled to terminate
                this
                Agreement.

            

      	 	 

    

    
      	2)  	
              Any
                liability incurred from the aforesaid matter shall be born by Party
                B, and
                if any loss incurred from the aforesaid matter to Party A, Party
                A shall
                be entitled to claim for damages.

            

    

    

    Article
      11 Other Fees of Party B

     

    
      	1)  	
              The
                charge for electricity of each month shall be calculated on the basis
                of
                actual used electricity and in accordance with the charging standard
                adopted by the Agricultural and Electrical
                Company.

            

      	 	 

    

    
      	2)  	
              The
                telephone fees shall be paid directly to the relevant authority by
                Party
                B.

            

      	 	 

    

    
      	3)  	
              The
                water fees shall be calculated in accordance with the fee schedule
                adopted
                by the Water Company.

            

      	 	 

    

    
      	4)  	
              All
                the fees in respect of the debt, credit, governmental management,
                Business
                License, taxes, property lease etc.

            

    

    

    Article
      12 Sublease

     

    Without
      prior consent of Party A, Party B shall not sublease part or whole of the Lease
      Property to any third party. In case Party A agrees to the sublease, the rent
      of
      the sublease shall be decided by Party A and Party A has the right to the part
      of sublease rent which exceeds the rent for Party B.

    

    Article
      13 Termination and Extension of the Agreement 

     

    When
      the
      lease term expires, Party B shall guarantee the intactness of the Lease Property
      and all its facilities and go through the following procedures:

     

    
      	1)  	
              settle
                all the fees (including rental, charge for water and electricity
                and other
                payable fees);

            

      	 	 

    

    
      	2)  	
              deliver
                the keys, the Lease Property and its facilities subject to relevant
                provisions of this Agreement to Party A, and compensate for any damages
                (if any);

            

      	 	 

    

    
      	3)  	
              transfer
                the extended premises, water and electricity facilities to Party
                A without
                charge, transfer the improvements to Party A according to Party A’s
                requirement, recover or repair the premises if necessary and pay
                relevant
                expenses.

            

      	 	 

    

    
      	4)  	
              Party
                A shall return the Deposit to Party B, and Party B shall vacate the
                Lease
                Property within 3 days. In case Party B fails to vacate the Lease
                Property
                within 3 days, the title of the property located in the Lease Property
                shall be deemed as being abandoned by Party B, and Party A shall
                be
                entitled to dispose of such property and claim for double rent for
                the
                overdue period from Party A.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	5)  	
              If
                Party B needs to continue the use of the Lease Property after the
                Contract
                expires, it shall submit a written notice 3 months prior to the expiration
                of the lease term to Party A and Party B shall have the right of
                first
                refusal.

            

    

    

    Article
      14 Termination of the Agreement due to Party B’s Fault

     

    In
      case
      Party B terminates this Agreement unilaterally, it shall pay compensation to
      Party A in an amount equal to two month’s rent and Party A shall be entitled to
      retain the Deposit. If any loss to Party A is incurred from the termination,
      Party A shall be entitled to possess certain property of Party B as collaterals
      in accordance with the extent of the loss, and if no agreement can be reached
      within 15 days, Party A shall be entitled to dispose of the aforesaid
      collaterals to set off the loss of Party A and retain the right for further
      claims. It shall be deemed as termination of this Agreement by Party B if any
      of
      the following condition is satisfied:

     

    
      	1)  	
              Party
                B subleases the Lease Property without Party A’s
                consent;

            

      	 	 

    

    
      	2)  	
              Party
                B alters the structure and usage of the Lease Property
                unilaterally;

            

      	 	 

    

    
      	3)  	
              Party
                B produces counterfeit and inferior products and engages in other
                unlawful
                businesses;

            

      	 	 

    

    
      	4)  	
              Party
                B fails to comply with the Labor Law and Fire Control Rules and fails
                to
                cure after receiving relevant notice;

            

      	 	 

    

    
      	5)  	
              Party
                B damages the Lease Property on purpose;

            

      	 	 

    

    
      	6)  	
              Party
                B delays to pay the rental for at least one
                month;

            

    

    

    Article
      15 Automatic Termination of the Agreement

     

    During
      the lease term, this Agreement shall be terminated and each of the parties
      shall
      be free from liability in case that any of the following conditions is
      satisfied:

     

    1)
      The
      Agreement cannot be performed due to force majeure or unexpected
      accidents;

     

    2)
      Government decides to confiscate the Lease Property;

     

    3)
      Any
      other conditions subject to relevant laws.

    

    Article
      16 Performance of this Agreement

     

    During
      the lease term, any party who fails to perform any obligation stipulated in
      this
      Agreement shall bear corresponding liability subject to relevant provisions
      under this Agreement. In case any lease agreement is needed for completing
      relevant procedures with the relevant authority, this Agreement shall prevail
      for the purpose of performing such lease agreement.

    

    Article
      17 Dispute Settlement

     

    Any
      dispute arising out of this Agreement shall be negotiated by both parties,
      and
      if no agreement can be reached, either party may bring relevant lawsuit to
      the
      court within the jurisdiction.

    

    Article
      18 Side Agreement

     

    Any
      issue
      not covered by this Agreement shall be otherwise agreed by both parties in
      a
      side agreement. The side agreement shall prevail in terms of any discrepancy
      between the side agreement and the Agreement. 

    

    Article
      19 Effect of this Agreement

     

    There
      are
      two originals of this Agreement. Each party shall hold one original. The two
      originals shall have the same legal effect.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Party
      A:

     

    Fuyong
      Yingfeng Machinery & Equipment Factory

    (Corporate
      Seal) 

     

    Party
      B:

     

    Shenzhen
      Ritar Power Co., Ltd. 

    (Corporate
      Seal)

    

    Date:
      15th March, 2007

     

    
      
        
        

      

      
        5Exhibit
      10.17

     

    Lease
      Agreement

    (English
      Translation)

    

    Lessor
      (Party A): Huizhou
      Huiyang Sanlian Iron Products Factory

    

    Lessee
      (Party B): Ritar
      Power (Huizhou) Co., Ltd. 

    

    In
      accordance with relevant Chinese laws, decrees and pertinent rules and
      regulations, Party A and Party B have reached an agreement (the “Agreement”)
      through friendly negotiation based on principles of freedom of contract,
      equality and mutual benefit.

    

    
      	
              1.

            	
              Lease
                Condition 

            

    

     

    The
      14,704 square meters land Party A leased to Party B is located at Cunfa Lake,
      Qiu Chang Zhen Town, Hui’yang District, Huizhou.

    

    
      	
              2.

            	
              Lease
                Term

            

    

     

    
      	2.1	
              The
                lease term shall be twelve months from 1 April 2007 to 31 March
                2008.

            

    

     

    
      	
              2.2

            	
              Party
                A has the right to repossess the land contemplated in the lease when
                this
                Agreement expires and Party B shall return the leased land in time.
                If
                Party
                B
                intends to extend the term of the leasehold, he shall
                notify Party A within three months before the Agreement
                expires.

            

    

    

    
      	
              3.

            	
              Rent
                and Deposit

            

    

     

    
      	
              3.1

            	
              As
                the result of both parties’ negotiation, the rent of the leased land shall
                be RMB 0.5 Yuan per square meter each day and it will be RMB ___
                Yuan per
                month.

            

    

     

    
      	
              3.2

            	
              Once
                both parties sign the Agreement, Party B shall pay that safety deposit
                to
                Party A in an amount of one month’s rent. Party B shall pay the rent
                before the 5th of each month, and three months’ rent shall be paid in
                advance to Party A. 

            

    

    

    
      	
              4.

            	
              Other
                Fees

            

    

     

    During
      the lease term, Party B shall bear the costs and fees of using the leased
      premises and shall pay the amount of money within three days after it receives
      the receipts or invoices.

    

    
      	
              5.

            	
              Sublease

            

    

     

    During
      the lease term, consent from Party A shall be obtained before Party B subleases
      the premises. Otherwise, the rents paid and the deposit shall be forfeited
      and
      will not be returned to Party B. 

    

    
      	
              6.

            	
              Other
                issues

            

    

     

    
      	
              6.1

            	
              In
                case of breach of the Agreement by any party for terminating the
                Agreement
                unilaterally, the breaching party shall be liable for the breach
                and pay
                the non-breaching party a penalty in an amount equal to three months’
                rent.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	
              6.2

            	
              During
                the lease term, if any issue arising from the Real Property Certificates
                for the leased land adversely affects the normal
                operation of Party B, Party A shall be responsible
                for damages incurred therein. This Agreement shall become effective
                after
                the Party B pays the first rent or otherwise terminate once the rent
                for
                any month becomes overdue for at least three
                months.

            

    

    

    
      	
              7.

            	
              Both
                parties shall solve any issues not covered in this Agreement in accordance
                with relevant PRC laws and
                regulations.

            

    

    

    
      	
              8.

            	
              This
                Agreement has four originals and each party holds two originals.
                This
                Agreement become effective with both parties’ signatures or corporate
                seals. 

            

    

    

    Lessor:

     

    Huizhou
      Huiyang Sanlian Iron Products Factory

    (Corporate
      Seal)

    

    Lessee:

    
      	 	 	 	 
	
              Ritar
                Power (Huizhou) Co., Ltd. 

            	 	 	 
	 	 	 	 
	
              By:  
                /s/
                Jiada Hu

              
                

              

              
              

            	 	 	 
	
              Name:
                Jiada Hu

            	 	 	
            
	 	 	 	 
	
              Date:
                1 April 2007

            	 	 	 

    

     

    
      
         

      

      
        2

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