Document:

dbog_1041-70228.htm

    Exhibit
      10.41

    Daybreak
      Oil and Gas, Inc.

    601
      West
      Main Ave    Suite
      1017                Spokane,
      WA   99201

    Off:
      (509)
      232-7674                            Fax:
      (509) 455-8483

    

    

    

    OFFICE
      LEASE AGREEMENT

    

    BETWEEN: 
      TERRANCE J. DUNNE & ASSOCIATES INC. (The Tenant)

    

    AND

    

    DAYBREAK
      OIL AND GAS, INC. (The Subtenant)

    

    

    WHEREAS,
      the Tenant leases a total of 3,136 rentable square feet from Joshua Green
      Corporation (The Landlord) pursuant to a Lease Renewal and Modification
      Agreement for the term commencing on May 1, 2007 and ending on April 30,
      2008;

    

    AND
      WHEREAS, the Subtenant has agreed to sublease from the Tenant certain offices
      and storage space from the Tenant consisting of approximately 1,000 square
      feet
      plus use of common area (Schedule “B”).

    

    NOW
      THEREFORE, in consideration of the foregoing, and for other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      the
      parties hereto agree as follows:

    

    
      	
              1.

            	
              Term

            

    

    

    The
      term
      of this Agreement shall commence on the first day of May 2007 and shall be
      on a
      month to month basis. This Agreement may be extended upon agreement by both
      parties.

    

    
      	
              2.

            	
              Rent

            

    

    

    The
      Subtenant shall pay to the Tenant $1,250.00 on the first day of each month
      during the term of this Agreement. If this Agreement is extended the rent shall
      be modified in accordance with Schedule “C”.

    

    
      	
              3.

            	
              Mutual
                Covenants

            

    

    

    The
      Tenant agrees to comply with the terms and conditions of the Lease Renewal
      and
      Modification Agreement and to pay the rent to the Landlord in the amounts and
      at
      the times as stipulated therein and to refrain from such acts as would cause
      the
      Landlord to terminate the Lease.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
      Subtenant agrees to conduct its’ business and affairs in such manner so as to
      comply with the terms and conditions of Lease Agreement dated February 1, 2002
      between the Tenant and the Landlord as amended or renewed.

    

    
      	
              4.

            	
              Waiver

            

    

    

    No
      waiver
      of any of the provisions of this Agreement shall be deemed or shall constitute
      a
      waiver of any other provision and no waiver shall constitute a continuing
      waiver. No waiver shall be binding unless executed in writing by the party
      making the waiver.

    

    
      	
              5.

            	
              Complete
                Agreement

            

    

    

    No
      supplement, modification or amendment of the Agreement shall be binding unless
      executed in writing by all parties. This Agreement constitutes the entire
      agreement between the parties and supersedes any prior agreements or
      negotiations.

    

    
      	
              6.

            	
              General
                Provisions

            

    

    

    
      	
            	
              a.

            	
              This
                Agreement shall in all respects be interpreted, enforced and governed
                under
                the laws of State of Washington. The language and all parts of this
                Agreement
                shall be in all cases construed as a whole and not strictly for or
                against
                any individual party.

            

    

    

    
      	
            	
              b.

            	
              Any
                dispute arising under in any way related to this agreement shall
                be
                submitted
                to binding arbitration by the American Arbitration Association in
                accordance
                with the Association’s commercial rules then in effect. The arbitration
                may be conducted in person, by telephone or online as agreed by all
                parties. The arbitration shall be binding on the parties and the
                arbitration award may be confirmed by ant court of competent
                jurisdiction.

            

    

    

    

    IN
      WITNESS WHEREOF, the parties hereto have entered into this Agreement effective
      the 1st day of
      May 2007.

     

    
      	Daybreak
              Oil and Gas, Inc.	 	 	Terrence
              J. Dunne & Associates	 
	 	 	 	 	 
	 	 	 	 	 
	
              /s/
                Thomas C.
                Kilbourne

            	 	 	
              /s/
                Terrence J.
                Dunne

            	 
	
              Thomas
                C.
                Kilbourne, Treasurer 

            	 	 	
              Terrence
                J.
                Dunne

            	 
	
               

            	 	 	
              Title

            	 
	 	 	 	 	 
	Date:      
              5/01/07      	 	 	Date:      
              5/01/07China Gengsheng Minerals, Inc.: Exhibit 10.1 - Prepared by TNT Filings
Inc.

  

SHORT-TERM LOAN AGREEMENT 

(English Summary/Translation) 

2007 Zhenggong Yin No. 020 

	Borrower:	Henan Gengsheng
    Refractories Co., Ltd (the "Borrower")
	Legal Address:	No.88, Dayugou Town,
    Gongyi City
	Representatives	Shunqing Zhang
	 	 
	Lender:	Zhengzhou Branch,
    China Industrial & Commercial Bank (the "Lender")
	Address:	No. 113 Renmin Road
	Representatives	Wei Liang

According to applicable laws and regulations of the People's
Republic of China (the "PRC"), the Borrower and Lender hereby enter into this
agreement pursuant to Borrower's application to Lender for a short term loan
(the "Loan"). 

1. Loan Type 

1.1 This agreement is the Short-Term Working Capital Loan Agreement (the
"Loan Agreement"). 

2. Purpose of Loan 

2.1. The purpose of the Loan is for the purchase of raw materials. 

2.2. The Borrower is not eligible to change the Loan purpose without the
consent of the Lender. 

3. The Amount of Loan and
the Loan Term 

3.1. The amount of the Loan is RMB 20,000,000
(approximately US$ 2.63 million). 

3.2. The Loan is for a term of 11 months starting from 
September 14, 2007 and ending on August 13, 2008. 

4. 
Interest Rate and Interest Calculation 

4.1. The Loan interest rate is calculated on a daily basis
based on the actual withdrawal amount and the outstanding days from the
withdrawal date. 

4.2. The RMB Loan interest rate is a floating Interest Rate,
(upward/down) floating upward to 10%. The executed annual interest rate
is 7.722%. The interest rate can be adjusted on monthly basis. 

4.3. The Lender shall send the written notice to the Borrower
for any adjustment of interest rate within 30 days from the adjusted date. 

4.4. The interested rate shall be accordingly adjusted based
on any new adjustment regulated by the People's Bank of China. 

5. The
Source and the Method of Repayment 

5.1 The Borrower shall repay the Loan through the following
suggested fund source but not limited to: 

5.1.1. Sales revenues and net profits

5.1.2. Any fund that can be legally
used 

5.2. The Borrower shall pay the full interest along with the
outstanding principal in 4 equal installments on the following suggested dates:

5.2.1. RMB 5,000,000, May 25, 2008

5.2.2. RMB 5,000,000, June 25, 2008

5.2.3. RMB 5,000,000, July 25, 2008

5.2.4. RMB 5,000,000, August 25, 2008

6. Guarantee 

6.1 The Loan specified hereunder shall be guaranteed through
a joint liability Guarantee Contract filed as the 2007 Zhenggongyin Gongyi
Guaranty No. 020. 

6.2. The borrower undertakes to provide a new guaranty by the
Lender promptly upon occurrence or anticipated occurrence of any event which
imposes a material adverse effect on the financial condition and ability to
implement the guarantee duty by the guarantor. 

7. Rights and Obligations 

7.1. The Borrower's: 

7.1.1. The Borrower shall compensate
the loss of the Lender's expected profits if the Borrower repay the Loan before
the above designated dates. 

7.1.2. The Borrower shall only use
the fund according to the contracted purpose. 

7.1.3. Unless the Borrower provides
notice in writing to the Lender 30 days in advance and obtains the Lender's
consent, the Borrower shall not, before paying off the principal and interest,
engage in sub-contracting, leasing, equity restructuring, pooling,
consolidating, merging, splitting, joint investment, capital transferring,
filing for restructuring, filing for dissolution, filing for bankruptcy, and any
other actions which may affect the realization of Lender's rights. 

7.1.4. The Borrower undertakes to
inform the Lender in writing (1) within 7 days of knowing any changes in the
Borrower's address, scope of business, officers' designation or appointment, and
any events related to the business obligation; (2) within 5 days from the date
that a material adverse event such as a license revocation, bankruptcy, and
discontinuation of the Borrower's business occurs; and (3) 10 days prior to any
change of the Borrower's legal representative, authorized deputy and changes in
mailing address, name of enterprise or material changes in its finances and
personnel. 

7.2. The Lender's 

7.2.1. The Lender is eligible to
claim for the credit penalty to related authorities or claim to the media for
the repayment while the Borrower intentionally avoid its duties of payment of
the principal and interests. 

8. Default Liability 

8.1. The Lender is eligible to enforce the agreement and
require certain interests according the contracted term of repayment if the
Borrower repays the Loan before the contracted term. 

8.2. The Lender shall increase the interest rate by 50% of
the current annual interest rate if the Borrower does not repay the Loan at the
maturity date. The Borrower will also be required to pay 50% interest on the
interest for this delinquency. 

8.3. The Lender has the right to require the Borrower to
return the funds or to terminate the agreement if the Borrower uses the funds
for other than the contracted purpose. The Lender shall penalize the Borrower to
pay an additional 100% of the original interest rate as the penalty for
fraudulent use of the funds from the date of violation, and the Borrower will
need to pay the interests at an additional 100 % of the original rate. 

8.4. The Lender shall require the partial or full refund of
the issued Loan if the Borrower does not provide any remedies within 7 days to
meet the requirements of the Lender due to any of the following violation: 

8.4.1. if the Borrower provides
fraudulent financial statements or deceptive material financial information. 

8.4.2. if the Borrower rejects the
supervision of the Lender regarding use of the funds and financial activities.

8.4.3. if the Borrower conducts or
intends to operate any equity transfer transactions or dispose of its assets.

9. Disputes Settlement

This Loan Agreement is governed by the laws of the People's Republic of
China. Any dispute concerning this Loan Agreement is under the jurisdiction of
the local People's Court where Lender is located. 

10. Others 

10.1. Any supplemental related documents and materials are inseparable
components of this Loan Agreement and have the same legal effect as this Loan
Agreement. 

10.2. This Loan Agreement has two originals, which are identical to each
other, with each of the parties holding one copy. There are several duplicates
for future reference. 

	Borrower:	Lender:
	Henan Gengsheng
    Refractories Co., Ltd	Gongyi Branch,
	 	China Industrial &
    Commercial Bank
	 	 
	(Official Corporate
    Seal)	(Official Corporate
    Seal)
	 	 
	/s/Shunqing ZHANG	/s/Wei Liang
	 	 
	Date: September 14,
    2007	Date: September 14,
    2007

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