Document:

Unassociated Document

     

    180
DAY WARRANT

    

    NEITHER
THIS WARRANT NOR THE SECURITIES INTO WHICH THIS WARRANT IS EXERCISABLE HAVE BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"),
OR THE SECURITIES LAWS OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT, AND, ACCORDINGLY, MAY NOT BE OFFERED FOR
SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM ACCEPTABLE
TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE
STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID
ACT.

    

    COMMON
STOCK PURCHASE WARRANT

     

    TIGA
ENERGY SERVICES, INC.

     

    THIS COMMON STOCK PURCHASE WARRANT (the
"Warrant") certifies
that, for value received, DAVID MECK and each permitted transferee of this
Warrant (the "Holder"), is entitled, upon
the terms and subject to the limitations on exercise and the conditions
hereinafter set forth, at any time on or after the date hereof (the "Initial Exercise Date") and on
or prior to the close of business on December 13, 2010, or One Hundred and
Eighty days from the date hereof (the "Expiration Date"), but not
thereafter, to subscribe for and purchase from TIGA ENERGY SERVICES, INC., a
Texas corporation (the "Company"), up to two hundred
fifty thousand (125,000) shares (the "Warrant Shares") of common
stock, no par value per share, of the Company (the "Common Stock").  The
purchase price of one (1) share of Common Stock under this Warrant shall be
equal to the Exercise Price, as defined in Section 1(c).

     

    Section
1. Exercise.

     

    (a)           Exercise
of Warrant.  The Holder shall have the right at any time or from time
to time on or after the Initial Exercise Date and on or before the Expiration
Date to exercise all or any part of this Warrant by (i) delivery to the Company
of a duly executed facsimile copy of the Notice of Exercise Form annexed hereto
(or such other office or agency of the Company as it may designate by notice in
writing to the registered Holder at the address of such Holder appearing on the
books of the Company) together with this Warrant; and (ii) within ten (10)
Business Days of the date said Notice of Exercise is delivered to the Company,
the Company shall have received payment of the aggregate Exercise Price of the
Warrant Shares thereby purchased by wire transfer of immediately available funds
or cashier’s check drawn on a United States bank.  Any such exercise shall
be irrevocable.

      

    (b)           Expiration
of Warrant.  This Warrant shall expire and cease to be of any force or
effect on the Expiration Date.

     

    (c)           Exercise
Price.  The exercise price at which one (1) Warrant Share shall be
purchasable upon exercise of this Warrant shall be $2.00 (the "Exercise Price").

     

    (d)           Mechanics
of Exercise.

    

    i.           Delivery
of Certificates Upon Exercise.  As soon as practicable after the
exercise of this Warrant in full or in part, and in any event within five (5)
business days thereafter, the Company at its expense (including the payment by
it of any applicable issue taxes) will cause to be issued in the name of and
delivered to the Holder, or as such Holder (upon payment by such Holder of any
applicable transfer taxes) may direct in compliance with applicable securities
laws, a certificate or certificates for the number of duly and validly issued,
fully paid and nonassessable shares of Common Stock to which such Holder shall
be entitled on such exercise.  This Warrant shall be deemed to have
been exercised on the date the Exercise Price is received by the
Company.  The Warrant Shares which are subject to an exercise of this
Warrant shall be deemed to have been issued, and Holder or any other person so
designated to be named therein shall be deemed to have become a holder of record
thereof for all purposes, as of the date the Warrant has been exercised by
payment to the Company of the Exercise Price and all taxes required to be paid
by the Holder, if any, pursuant to Section 1(d)(iv) prior to the issuance of
such shares, have been paid.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ii.           Delivery
of New Warrant Upon Partial Exercise.  In the event this Warrant is
exercised in part, the Company shall issue a new Warrant, which shall be dated
as of the date of this Warrant, covering the number of Warrant Shares in respect
of which this Warrant that shall not have been
exercised.  

    

    iii.           No
Fractional Shares or Scrip.  No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of this
Warrant.  As to any fraction of a share which Holder would otherwise
be entitled to purchase upon such exercise, the Company shall at its election,
either pay a cash adjustment in respect of such final fraction in an amount
equal to such fraction multiplied by the Exercise Price or round up to the next
whole share.

    

    iv.           Charges,
Taxes and Expenses.  Certificates representing the shares of Common
Stock to be issued upon the partial or complete exercise of this Warrant shall
be made without charge to the Holder, and the Company shall bear the cost of any
issue or transfer tax or other incidental expense in respect of the issuance of
such certificates, and such certificates shall be issued in the name of the
Holder or in such name or names as may be directed by the Holder; provided,
however, that in the event that this Warrant or the certificates representing
the shares of Common Stock which are issued upon the partial or complete
exercise of this Warrant are to be re-issued in a name other than the name of
the Holder, the Company may require, as a condition to such re-issuance, the
payment of a sum sufficient to reimburse it for any issue or transfer tax
incidental thereto, and the Company shall have first received the original
Warrant or stock certificates which are to be re-issued, along with duly
prepared, executed and certified assignment documentation acceptable to the
Company.  Prior to re-issuing this Warrant in a name other than the
Holder, the Company shall have also first received a completed and duly executed
Assignment Form in the form attached hereto.

     

    Section 2. Certain
Adjustments.

     

    (a)           Stock
Dividends and Splits.  If the Company shall at any time prior to the
expiration of this Warrant subdivide its outstanding Common Stock, by split-up
or otherwise, or combine its outstanding Common Stock, or issue additional
shares of its capital stock in payment of a stock dividend in respect of its
Common Stock, the number of shares issuable on the exercise of the unexercised
portion of this Warrant shall forthwith be proportionately increased in the case
of a subdivision or stock dividend, or proportionately decreased in the case of
a combination, and the Exercise Price then applicable to shares covered by the
unexercised portion of this Warrant shall forthwith be proportionately decreased
in the case of a subdivision or stock dividend, or proportionately increased in
the case of a combination

    

    (b)           Reclassifications;
Reorganizations.  In case of any reclassification, capital
reorganization, or change of the outstanding shares of Common Stock (other than
as a result of a subdivision, combination or in kind dividend), or in case of
any consolidation of the Company with, or merger of the Company into, another
corporation or other business organization (other than a consolidation or merger
in which the Company is the continuing corporation and which does not result in
any reclassification or change of the outstanding shares of Common Stock), or in
case of any sale or conveyance to another corporation or other business
organization of the property of the Company as an entirety or substantially as
an entirety, at any time prior to the expiration of this Warrant, then, as a
condition of such reclassification, reorganization, change, consolidation,
merger, sale or conveyance, lawful provision shall be made, and duly executed
documents evidencing the same from the Company or its successor shall be
delivered to the holder of this Warrant, so that the holder of this Warrant
shall have the right prior to the expiration of this Warrant to purchase, at a
total price not to exceed the price payable upon the exercise of the unexercised
portion of this Warrant, the kind and amount of securities and property
receivable upon such reclassification, reorganization, change, consolidation,
merger, sale or conveyance by a holder of the number of Warrant Shares issuable
on the unexercised portion of the Warrant which might have been purchased by the
holder of this Warrant immediately prior to such reclassification,
reorganization, change, consolidation, merger, sale or conveyance, and in any
such case appropriate provisions (including without limitation, provisions for
the adjustment of the number of Warrant Shares purchasable upon exercise of this
Warrant) shall thereafter be applicable in relation to any shares of stock, and
other securities and property thereafter deliverable upon exercise
hereof.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    (c)           Certificate
as to Adjustments. In each case of any adjustment or readjustment in the shares
of Common Stock  issuable on the exercise of this Warrant, the Company
at its expense will promptly cause its Chief Financial Officer or other
appropriate designee to compute such adjustment or readjustment in accordance
with the terms of this Warrant and prepare a certificate setting forth such
adjustment or readjustment and showing in detail the facts upon which such
adjustment or readjustment is based, including a statement of (a) the
consideration received or receivable by the Company for any additional shares of
Common Stock (or Other Securities) issued or sold or deemed to have been issued
or sold, (b) the number of shares of Common Stock (or Other Securities)
outstanding or deemed to be outstanding, and (c) the Exercise Price and the
number of shares of Common Stock to be received upon exercise of this Warrant,
in effect immediately prior to such adjustment or readjustment and as adjusted
or readjusted as provided in this Warrant. The Company will forthwith mail a
copy of each such certificate to the Holder and any Warrant agent of the Company
(appointed pursuant to Section 10 hereof).

    

    Section 3. Transfer of
Warrant.

     

    (a)           Transferability.  Subject
to compliance with any applicable securities laws and the conditions set forth
in Section 3(c) below, this Warrant and all rights hereunder may be transferred,
in whole or in part.  Any such transfer shall occur upon surrender of
this Warrant at the principal office of the Company or its designated agent,
together with a written assignment of this Warrant substantially in the form
attached hereto duly executed by the Holder or its agent or attorney and funds
sufficient to pay any transfer taxes payable upon the making of such
transfer.  Upon such surrender and, if required, such payment, the
Company shall execute and deliver a new Warrant or Warrants in the name of the
assignee or assignees and in the denomination or denominations specified in such
instrument of assignment, and shall issue to the assignor a new Warrant
evidencing the portion of this Warrant not so assigned, and this Warrant shall
promptly be cancelled.  A Warrant, if properly assigned in accordance
with the terms and conditions set forth in this Warrant, may be exercised by a
new holder for the purchase of Warrant Shares without having a new Warrant
issued.

     

    (b)           New
Warrants.  This Warrant may be divided or combined with other Warrants
upon presentation hereof at the aforesaid office of the Company, together with a
written notice specifying the names and denominations in which new Warrants are
to be issued, signed by the Holder or its agent or attorney.  Subject
to compliance with Section 3(a), as to any transfer which may be involved
in such division or combination, the Company shall execute and deliver a new
Warrant or Warrants in exchange for the Warrant or Warrants to be divided or
combined in accordance with such notice.

    

    (c)           Transfer
Restrictions.  If, at the time of the surrender of this Warrant in
connection with any transfer of this Warrant, the transfer of this Warrant shall
not be registered pursuant to an effective registration statement under the
Securities Act and under applicable state securities or blue sky laws, the
Company may (except in case of a transfer of this Warrant to an Affiliate or a
gift or contribution for no consideration to a Family Member) require, as a
condition of allowing such transfer that the Holder or transferee of this
Warrant, as the case may be, either (i) furnish to the Company’s transfer agent,
a written opinion of counsel (which opinion shall be in form, substance and
scope customary for opinions of counsel in comparable transactions and which
opinion shall be at the expense of Company) to the effect that such transfer may
be made without registration under the Securities Act and under applicable state
securities or blue sky laws or (ii) execute and deliver to the Company an
investment letter in form and substance acceptable to the
Company.  For purposes hereof, "Affiliate" means with respect
to a Holder any person or entity which directly or indirectly through one or
more intermediaries controls, is controlled by, or is under common control with,
such Holder and "Family
Member" means with respect to a Holder (i) any lineal descendent or
sibling of such Holder, (ii) any spouse (or significant other) of such Holder or
of a lineal descendent or sibling of such Holder, (iii) any entity a majority of
which is owned by any of the persons listed in (i) or (ii) above and (iv) any
trust for the benefit of the Holder or any of the persons listed in (i) or (ii)
above.

     

    Section 4. Status of Stock Issuable on Exercise
of Warrant. The Company represents that all shares of Common Stock which
may be issued upon the exercise of this Warrant will, when issued and paid for
in accordance with the terms of this Warrant, be duly authorized, validly
issued, fully paid and nonassessable and free from all taxes, liens and charges
in respect of the issue thereof (other than restrictions imposed by the
applicable laws and taxes in respect of any transfer occurring contemporaneously
with such issue).

    

    
      
        
        

      

      
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    Section
5. Miscellaneous.

     

    (a)           No
Rights as Stockholder Until Exercise.  This Warrant does not entitle
the Holder to any voting rights or other rights as a stockholder of the Company
prior to the exercise hereof in accordance with the terms and conditions set
forth herein.

     

    (b)           Loss,
Theft, Destruction or Mutilation of Warrant.  The Company covenants
that upon receipt by the Company of evidence reasonably satisfactory to it of:
the loss, theft, destruction or mutilation of this Warrant or, following the
complete or partial exercise of this Warrant, of any stock certificate for
shares of Common Stock, and in case of loss, theft or destruction, of indemnity
or security reasonably satisfactory to it (which, in the case of the Warrant,
shall not include the posting of any bond), and upon surrender and cancellation
of such Warrant or stock certificate, if mutilated, the Company will make and
deliver a new Warrant or stock certificate of like tenor and dated as of such
cancellation, in lieu of such Warrant or stock certificate.

    

    (c)           Transfer
on the Company’s Books. Until this Warrant is transferred on the books of the
Company, the Company may treat the registered Holder hereof as the absolute
owner hereof for all purposes, notwithstanding any notice to the
contrary.

    

    (d)           Warrant
Agent. The Company shall serve as warrant agent under this
Warrant.  Upon thirty (30) days' notice to the Holder, the Company may
appoint a new warrant agent.

    

    (e)           Saturdays,
Sundays, Holidays, etc.  If the last or appointed day for the taking
of any action or the expiration of any right required or granted herein shall
not be a Business Day, then such action may be taken or such right may be
exercised on the next succeeding Business Day.

     

    (f)           Authorized
Shares.  The Company covenants that during the period the Warrant is
outstanding, it will reserve from its authorized and unissued shares Common
Stock, a sufficient number thereof to provide for the issuance of the Warrant
Shares upon the exercise of any purchase rights under this Warrant.

     

    (g)           Governing
Law.  All questions concerning the construction, validity, enforcement
and interpretation of this Warrant shall be determined in accordance with the
laws of the State of Texas, without regard to its principles of conflicts of
laws.

     

    (h)           Nonwaiver
and Expenses.  No course of dealing or any delay or failure to
exercise any right hereunder on the part of Holder shall operate as a waiver of
such right or otherwise prejudice the Company’s or the Holder’s rights, powers
or remedies, notwithstanding the fact that all rights hereunder terminate on the
Expiration Date.  If the Company or a Holder willfully and knowingly
fails to comply with any provision of this Warrant, which results in any
material damages to the Holder or Company (as the case may be), the breaching
party shall pay to the other party such amounts as shall be sufficient to cover
any costs and expenses including, but not limited to, reasonable attorneys’
fees, including those of appellate proceedings, incurred by the non-breaching
party in collecting any amounts due pursuant hereto or in otherwise enforcing
any of its rights, powers or remedies hereunder.

     

    (i)           Limitation
of Liability.  No provision hereof, in the absence of any affirmative
action by Holder to exercise this Warrant to purchase Warrant Shares, and no
enumeration herein of the rights or privileges of Holder, shall give rise to any
liability of Holder for the purchase price of any Common Stock or as a
stockholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company.

     

    (j)           Successors
and Assigns.  Subject to applicable securities laws, this Warrant and
the rights and obligations evidenced hereby shall inure to the benefit of and be
binding upon the successors of the Company and the successors and permitted
assigns of Holder.  The provisions of this Warrant are intended to be
for the benefit of all holders from time to time of this Warrant that become
holders of this Warrant in compliance with the terms and conditions set forth
herein.

     

    
      
        
        

      

      
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    (k)           Entire
Agreement; Amendment.  This Warrant constitutes the entire agreement
and supersedes all prior agreements and understandings, both written and oral,
between the parties with respect to the subject matter hereof and
thereof.  Except as expressly provided herein with respect to the
ability of the Company to modify or amend this Warrant, this Warrant may be
modified or amended or the provisions hereof waived with the written consent of
the Company and the Holder.

    

    (l)           Notices,
Etc. Any and all notices or other communications or deliveries hereunder shall
be in writing and shall be deemed given and effective on the earliest of (i) the
date of transmission, if such notice or communication is delivered via facsimile
at the facsimile telephone number specified in this Section, (ii) the business
day following the date of mailing, if sent by nationally recognized overnight
courier service, or (iii) upon actual receipt by the party to whom such notice
is required to be given.  The addresses for such communications shall
be:  (1) if to the Company, to 8104 Beauregard Drive, Volente, Texas
78641 or to Facsimile No.: (512) 287-4244, Attention: Chief Financial Officer,
or (ii) if to the Holder, to the Holder at the address or facsimile number
appearing on the Warrant Register or such other address or facsimile number as
the Holder may provide to the Company in accordance with this Section
5(j).

    

    (m)           Severability.  Wherever
possible, each provision of this Warrant shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this
Warrant shall be prohibited by or invalid under applicable law, such provision
shall be ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provisions or the remaining provisions of
this Warrant.

     

    (n)           Headings.  The
headings used in this Warrant are for the convenience of reference only and
shall not, for any purpose, be deemed a part of this Warrant.  

     

    IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its
officer thereunto duly authorized.

    

    Dated:
June 16, 2010

    

    
      	 
      	
              TIGA
      ENERGY SERVICES, INC.

            
	 
      	 
      
	 
      	
              By:

            	
              /s/
      Michael Hathaway

            
	 
      	 
      	

              
                
      

              Name:
      Michael
      Hathaway

            
	 
      	 
      	Title:
      President

    

    

    
      
        
        

      

      
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    NOTICE
OF EXERCISE

    

    TO:           TIGA
ENERGY SERVICES, INC.

    

    Attention:  Chief
Financial Officer

    

    (1)           The
undersigned hereby elects to purchase ________ Warrant Shares of the Company
pursuant to the terms of the attached Warrant (only if exercised in full), and
tenders herewith payment of the exercise price in full, together with all
applicable transfer taxes, if any.

     

    (2)           Please
issue a certificate or certificates representing the number of Warrant Shares
being purchased hereby, in the name of the undersigned or in such other name as
is specified below:

     

    _______________________________________

     

    _______________________________________

     

    (3)           Accredited
Investor.  The undersigned is an “accredited investor” as defined in
Regulation D promulgated under the Securities Act of 1933, as amended (together
with the rules and regulations promulgated by the Securities and Exchange
Commission thereunder, the “Securities Act”).

     

    (4)           Investment
Experience.  The undersigned has sufficient knowledge and experience
in business, financial and investment matters so as to be able to evaluate the
risks and merits of its investment in the Company and it is able financially to
bear the risks thereof.

     

    (5)           Company
Information; No General Solicitation.  The undersigned had access to
such information regarding the Company and its affairs as is necessary to enable
it to evaluate the merits and risks of an investment in restricted securities of
the Company and has had a reasonable opportunity to ask questions and receive
answers and documents concerning the Company and its current and proposed
operations, financial condition, business, business plans and
prospects.  The undersigned has not been offered any of the Warrant
Shares by any means of general solicitation or advertising.

     

    (6)           Acquisition
for Own Account.  The Warrant Shares being issued to and acquired by
the undersigned are being acquired by it for its account for the purpose of
investment and not with a view to, or for resale in connection with, any
distribution thereof.  The undersigned understands that it must bear
the economic risk of such investment indefinitely, and hold the Warrant Shares
indefinitely, unless a subsequent disposition of such shares is registered
pursuant to the Securities Act, or an exemption from such registration is
available.  The undersigned further understands that there is no
assurance that any exemption from the Securities Act will be available or, if
available, that such exemption will allow it to dispose of or otherwise transfer
any or all of the Warrant Shares being issued pursuant to this notice under the
circumstances, in the amounts or at the times the undersigned might
propose.

    

    (7)           Restricted
Securities.  The undersigned understands and acknowledges that none of
the offer, issuance or sale of the Warrant Shares being issued pursuant to this
notice has been registered under the Securities Act in reliance on an exemption
from the registration requirements of the Securities Act.  The
undersigned understands and acknowledges that the certificate(s) evidencing the
Warrant Shares will be imprinted with a restrictive legend stating such
restrictions on transfer and that such shares of stock may be subject to
additional restrictions on transfer under state and/or federal securities
laws.

     

    
      
        
        

      

      
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              [SIGNATURE
      OF HOLDER]

            	 
      
	 
      	 
      
	
              Name
      of Investing Entity:

            	 
      
	 
      	 
      
	 
      	 
      
	
              Signature
      of Authorized Signatory of Investing Entity:

            	 
      
	 
      	 
      
	 
      	 
      
	
              Name
      of Authorized Signatory:

            	 
      
	 
      	 
      
	 
      	 
      
	
              Title
      of Authorized Signatory:

            	 
      
	 
      	 
      
	 
      	 
      
	
              Date:

            	 
      

    

    

    
      
        
        

      

      
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    ASSIGNMENT
FORM

     

    

    (To
assign the foregoing warrant, execute

    this form
and supply required information.

    Do not
use this form to exercise the warrant.)

    

    FOR VALUE
RECEIVED, [____] all of or [_______] shares of the foregoing Warrant and all
rights evidenced thereby are hereby assigned to

    

    
      	 
      	
              whose
      address is

            	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
              Dated:

            	
              ______________,
      _______

            	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	
              Holder’s
      Signature:

            	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	
              Holder’s
      Address:

            	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              Signature
      Guaranteed:

            	 
      	 
      

    

     

    NOTE:  The
signature to this Assignment Form must correspond with the name as it appears on
the face of the Warrant, without alteration or enlargement or any change
whatsoever, and must be guaranteed by a bank or trust
company.  Officers of corporations and those acting in a fiduciary or
other representative capacity should file proper evidence of authority to assign
the foregoing Warrant.

     

    
      
        
        

      

      
        8Unassociated Document

    
      Exhibit
10.8

       

      Car
Exhibition Hall Lease Contract

       

      Party A
(the Leaser): Tianjin World Trading Bonded Automobile Distribution Center Co.,
Ltd

       

      Party B
(the Lessee): Tianjin Seashore New District Shisheng Business Trading Group Co.,
Ltd

      

      According
the Law on Contract of the People’s Republic of China and relevant laws and
regulations, and on the basis of equality and voluntariness, the two parties
hereby makes this Contract under which Party A agrees to lease the Car
Exhibition Hall it owns to Party B.

      

      1.           The
Subject of Lease

       

      Party A
agrees to lease to Party B the Car Exhibition Hall located at 129 Tianbao Road,
Tianjin Free Trade Zone as well as the surrounding ancillary facilities, and all
the indoor and outdoor parts on the east side of the dividing wall between the
Exhibition Hall and the Warehouse and the extensional line till the enclosure
walls on the north and the south. The property number of the Lease Subject is
150001067.

      

      The Lease
Subject is leased to Party B for the purpose of exhibition of cars and
auxiliaries as well as car related business. Party B shall obtain Party A’s
prior written consent if Party B wishes to change the function of the Exhibition
Hall. All application procedures necessary for change of the function shall be
processed by Party B as per concerned government requirements, and all costs and
expenses so occurred shall be borne by Party B.

      

      Party A
possesses the ownership and right of use of the Lease Subject, and declares that
the Lease Subject is not in any dispute of property right. Should Party A makes
false statement about ownership of the Lease Subject and thus resulted in
damages to Party B, Party A shall be responsible to indemnify Party
B.

      

      2.           Term
of Lease

      

      The Term
of this Contract shall be five years starting from 1st July 2010 till 30th June
2015.

      

      Should
Party B wishes to renew the lease, Party B shall inform Party A in writing 6
months before the Term of this Contract expires, and the two parties shall enter
into a new lease contract if Party A agrees so. Under the same lease conditions,
Party B shall have the priority.

      

      3.           Delivery

       

      3.1           After
this Contract is signed by the two parties, Party B shall pay the deposit and
the rental of the first six months to Party A before 8th July 2010.

       

      3.2           Party
A shall deliver the key to the Exhibition Hall to Party B on 30th June 2010, and
the two parties shall confirm the delivery by signature; photograph of the
delivery shall be available as appendix.

      

      4.           The
Rental

       

      4.1           The
deposit

       

      The
deposit under this Contract shall be RMB 150,000 (ONE HUNDRED AND FIFTY THOUSAND
RENMINBI YUAN ONLY).

       

      4.2           The
Rental

       

      The
Rental for the first year (1st July 2010 till 30th June 2011) shall be RMB
1,200,000 (ONE MILLION AND TWO HUNDRED THOUSAND RENMINBI YUAN ONLY); The Rental
for the second year (1st July 2011 till 30th June 2012) shall be RMB 1,200,000
(ONE MILLION AND TWO HUNDRED THOUSAND RENMINBI YUAN ONLY); the rental for the
year starting from 1st July 2012 till 30th June 2013 shall be RMB 1,260,000 (ONE
MILLION TWO HUNDRED AND SIXTY THOUSAND RENMINBI YUAN ONLY); the rental for the
year starting from 1st July 2013 till 30th June 2014 shall be RMB 1,386,000 (ONE
MILLION THREE HUNDRED AND EIGHTY-SIX THOUSAND RENMINBI YUAN ONLY); the rental
for the year starting from 1st July 2014 till 30th June 2015 shall be RMB
1,524,600 (ONE MILLION FIVE HUNDRED AND TWENTY-FOUR THOUSAND AND SIX HUNDRED
RENMINBI YUAN ONLY). The total Contract amount shall be RMB 6,570,600 (SIX
MILLION FIVE HUNDRED AND SEVENTY THOUSAND AND SIX HUNDRED RENMINBI YUAN
ONLY).

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      4.3           Relevant
expenses and tax

       

      During
the term of this Contract, all taxes and expenses relating to the ownership of
the Lease Subject that legally due by Party B shall be borne by Party B; the
expenses of water and power (referring to the readers on meters of the two
parties) shall be borne respectively by the two parties, the cost of electricity
power loss shall be shared by the two parties as per the proportion of their
power consumption. The expenses relating to the additional 100 KW capacity shall
be borne by Party B. The costs and expenses of heating, cleaning, security,
rubbish treatment and all other such expenses relating to the lease of the
Subject shall be borne by Party B.

      

      5.           Payment
of the rental

       

      5.1           After
this Contract is signed by the two parties, Party B shall pay the deposit and
the rental of the first six months to Party A before 8th July 2010. After this
Contract expires, Party A shall return to Party B the deposit without interest
within 30 days when Party B has paid up all due rental and all expenses incurred
as result of the Lease under this Contract that shall be borne by Party B, and
return the Lease Subject to Party A as per required in this Contract under the
commitment that the Lease Subject is resumed to what it used to be for normal
use.

       

      5.2           Before
5th June and 5th December of each year during the Contract term, Party B shall
pay rental for the period starting from 1st July till 30th December of the year
and the period starting from 1st January till 30th June of the next year. The
payment shall be remitted to the following account designated by Party A or in
other way as the parties agree to.

       

      Party A’s
bank:________________________________

      Account
No.: _________________________________

       

      5.3           In
case of overdue payment, Party B shall pay twice of daily rental for each
overdue day as penalty.

      

      6.           Transfer
of the Lease Subject

       

      During
the term of this Contract, in case Party A transfers part of entire ownership of
the property, Party A shall ensure the Transferee will continue to perform this
Contract. In addition, Party A shall inform Party B of the Transfer and provide
assistance to Party B to modify this Contract. Under the same conditions, Party
B shall have the priority to purchase the Lease Subject.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      7.            
Fire Security (Fire Security Contract separately attached)

       

      7.1           During
the term of this Contract, Party B shall strictly comply with the Fire Control
Law of the People's Republic of China as well as other relevant fire control
regulations, and cooperate Party A for fire control.

       

      7.2           Party
B shall equip fire extinguishers as per concerned requirements; the fire control
facilities inside the building shall in no case be used for other
purposes.

       

      7.3           If
for maintenance purpose, class I temporary naked fire operation (including
welding operations) is required, approval by fire control authorities must be
obtained first.

       

      7.4           Party
A shall be fully responsible for fire control security inside the Lease Subject
as per concerned regulations; Party A shall be entitled to inspect fire control
inside the Lease Subject at reasonable time with prior written notice to Party
B, to which Party B shall not irrationally reject or delay to give its consent.
For fire or security incident due to Party B’s improper management or use, Party
B shall take the full responsibilities.

       

      7.5           Party
A guarantees that the fire control facilities turnover to Party B are in good
condition for normal use.

      

      8.           Maintenance
and Repair

       

      8.1           As
soon as Party A formally turnover the Lease Subject to Party B, Party B shall be
responsible for decoration, maintenance and refurbishment of the entire Lease
Subject.

       

      8.2           As
agreed between the two parties, maintenance and repair of the main structure,
exterior eaves, doors and windows that changed during decoration shall be under
the responsibility of Party B.

       

      8.3           As
agreed between the two parties, maintenance and repair of the, exterior eaves,
doors and windows that changed during decoration shall be under the
responsibility of Party B.

       

      8.4           During
the Lease Term, Party B shall protect the Lease Subject. Damage of the Lease
Subject due to improper use by Party B shall be immediately repaired or
compensated by Party B.

      

      9.           Insurance

       

      During
the Lease Term, each party may have their assets covered under insurance. Should
any party fail to obtain such insurance and results in damages to the other
party due to such fault, it shall indemnify the other party for any economic
losses so incurred.

      

      10.           
Refurbishment

       

      10.1           During
the Term of this Contract, if Party B wishes to refurbish or decorate the Lease
Subject, a design proposal of such refurbishment and/or decoration shall be
presented to Party A in advance to obtain Party A’s written consent; meanwhile
the proposal shall be filed with concerned governmental authorities for
approval. For refurbishment and decoration that may result in impact to the
public parts and other neighboring users, Party A may reject such portion, for
which Party B shall modify its design. The cost of any refurbishment and
decoration shall be borne by Party B.

       

      10.2           For
refurbishment and decoration that may result in impact to the main structure of
the Lease Subject, operation shall not be started before obtaining consent of
Party A and the original designer.

       

      10.3           After
the term of this Contract expires, all parts that become attached to the Lease
Subject (that cannot be moved or removed) due to refurbishment and decoration by
Party B shall become property of Party A. All equipment and facilities not
attached to the Lease Subject and can be removed shall be property of Party A,
and shall be removed and resume to original status.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      11.           Sublease

       

      Party A
may sublease part space of the Lease Subject and manage the subleased portion,
including collecting rental from sublessee. The responsibilities and obligations
of the two parties set forth in this Contract shall not be changed due to such
sublease.

       

      For
subleasing, Party B must comply with the following requirements:

       

      1) term
of sublease shall not exceed the Lease Term between Party A and Party
B;

       

      2) the
subleased portion of the Lease Subject shall not be used purposes beyond those
set forth in Clause 1 of this Contract;

       

      3) Party
B shall specify in its sublease contract that, if Party B terminates this
Contract earlier, its sublease contract with sublessee shall be terminated at
the same time;

       

      4) Party
B shall obtain sublessee’s written commitment to accept the requirements
concerning sublease that set forth in this Contract. Whenever Party B terminates
this Contract, the sublease contract shall be terminated at the same time and
sublessee shall unconditionally quit from the Lease Subject;

       

      5)
nevertheless Party B terminates this Contract earlier or not, Party B shall be
responsible to dispose of any dispute arise from its sublease;

       

      6) Party
B shall be responsible for any tax and expenses that incurred due to its
sublease.

      

      12.           Modification,
Cancellation and Termination of This Contract

       

      12.1           The
two parties may negotiate to modify or terminate this Contract.

       

      12.2           In
case that Party A fails to render the Lease Subject or the Lease Subject it
renders does not comply with the agreed conditions where the business of Party B
may be materially impacted, Party B shall be entitled to terminate this
Contract.

       

      12.3           During
the term of this Contract, in any of the following circumstances, Party A shall
be entitled to terminate this Contract and take back the Lease
Subject:

       

      12.3.1                      Violation
of Clause 10 of this Contract, dismantling and changing the structure of the
Lease Subject without written consent of Party A;

       

      12.3.2                      Violation
of Clause 8 of this Contract, damaging the Lease Subject and failing to repair
within reasonable period requested by Party A;

       

      12.3.3                      Using
the Lease Subject for purpose not specified in this Contract without written
consent of Party A;

       

      12.3.4                      Using
the Lease Subject for storing hazard materials or for illegal
conduct;

       

      12.3.5                      Failing
to pay rental for accumulated 20 days.

       

      12.4           This
Contract shall be terminated when the term expires.

       

      Party B
shall turn the Lease Subject back to Party A within 15 days after expiration of
this Contract.

      

      13.           Default
Responsibility

       

      13.1           Should
Party A fail to deliver the Lease Subject within the period specified in this
Contract and result in termination (abolishment) of this Contract, Party A shall
indemnify Party B correspondingly.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      13.2           Should
Party A take back the Lease Subject earlier, Party A shall pay THREE HUNDRED AND
FIFTY THOUSAND RENMINBI YUAN (RMB 350,000) to Party B as penalty.

       

      13.3           During
the term of this Contract, should Party B fail to pay the expenses that shall be
borne by Party B as set forth in this Contract, for each late day, Party B shall
pay twice of the said daily expense to Party A. For payment overdue more than 15
days, Party B shall be fully responsible for the losses resulted to both
parties.

       

      13.4           During
the term of this Contract, should Party B discontinue to lease the Subject
without Party A’s consent, in addition to the deposit that shall be detained,
another two hundred thousand Renminbi (RMB 200,000) shall be paid to Party A as
penalty.

       

      13.5           In
case of overdue payment, Party B shall pay twice of daily rental for each
overdue day as penalty.

       

      13.6           Party
B shall turn the Lease Subject back to Party A within 15 days after expiration
of this Contract. Should Party B be late to return the Lease Subject, Party B
shall pay twice of the previous daily rental for each day of late return, and
the deposit shall be detained. For over 15 days that Party B neither turn back
the Lease Subject nor discuss with Party A about renewal, Party A is entitled to
cease water and power supply. Loss and damage caused due to late return of the
Lease Subject to Party A shall indemnified by Party B in addition to the said
twice daily rental.

       

      13.7           After
expiration of this Contract, Party A is entitled to request Party B to resume
the Lease Subject to original status. Should Party B fail to do so within the
period requested by Party A, Party A may conduct the resuming operation, and
costs and expenses so occurred shall be deducted from the deposit, the portion
exceeding the deposit shall be indemnified by Party B.

       

      13.8           Should
Party A put the Lease Subject under mortgage and makes it impossible to perform
(or impossible to continue performing) this Contract, Party A shall pay 3% of
the total contract amount to Party B to indemnify the loss and damage suffered
by Party B.

      

      14.           Disclaimer
Clause

       

      14.1           Should
this Contract become non-performable due to force majeure, the two parties may
consult to terminate this Contract.

       

      14.2           Should
the Lease Subject be dismantled or refurbished due to government policy, the
compensation offered by government shall belong to Party A. From the
compensation for decoration, the costs of decorations done and paid by Party B
shall be deducted.

       

      14.3           For
termination of this Contract due to the above said reason, the rental shall be
calculated as number of days actually used.

      

      15.           Party
B may install its logo above the exterior eave on the east side of the Lease
Subject (the position where the logo of Party A is currently installed). After
the logo of Party A is removed, a copper logo sign of Party A not exceeding 60
centimeters in both length and width shall be kept on ____ side of the Lease
Subject.

      

      16.           For
issues not specified in this Contract, the two parties may consult to make
supplementary clause to this Contract, which shall constitute part of this
Contract with equivalent validity.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      17.           Dispute
settlement

       

      Dispute
arise from this Contract shall be consulted between the two parties for
solution; in case no settlement is found, one of the 2 options below shall be
chosen:

       

      (1) bring
the issue to Tianjin Arbitration Committee for arbitration; or

       

      (2) bring
the issue to the People’s Court where Party A is located.

      

      18.           This
Contract takes effectiveness after signed and stamped by both
parties.

      

      19.           This
Contract and its appendix are made in two copies, each of which is equally valid
and kept by each party.

      

      
        
          	
                  Party
      A:

                	
                  Party
      B:

                
	
                  No.
      of business license:

                	
                  No.
      of business license:

                
	
                  Tel:

                	
                  Tel:

                
	
                  Fax:

                	
                  Fax:

                
	
                  Add:

                	
                  Add:

                
	
                  Post
      code:

                	
                  Post
      code:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}]]