Document:

exh10-8.htm

 

EXHIBIT 10.8

LEASE AGREEMENT

Party A: Xiangfen Chen

Party B: Shandong Jiajia International & Forwarding Co., Ltd. Xiamen Branch

On December 31, 2011 Party A and Party B have reached an agreement through friendly consultation to conclude the following contract.

Article 1.  Party A leases Party B the office space at Yindu Plaza Suite 1405, 9 Haitian Road, Huli District, Xiamen City of approximately 1,026 square feet The term is one year, commencing from January 1, 2012 and ending on December 31, 2012.

Article 2.  The monthly rent is RMB900. The rent is paid once a year, due on the last day of the year. If Party B does not pay the rent on time, Party B should pay a fine equaling to 0.5% of the balance for each day after the due date. It Party B does not make the payment within 10 days after the due date, Party A has right to evict Party B.

Article 3. Party A should provide Party B the premise at appropriate time and with quality as agreed on, otherwise Party A should compensate the monetary loss of Party B due to inappropriate handover of the premise.

Article 4. Party B is not required to pay security to rent the premise.

Article 5. During the lease term, Party B should comply with regulations of the community management office and is responsible for paying the expenses occurred in the premise on water, electricity, telephone, and property management fee. If the supply of water or electricity for premise was cut off due to Party B’s inappropriate behaviors, Party B should be responsible for the loss.

Article 6. During the lease term, Party B should take good care of the premise and accessory facilities. If Party B breaks the premise and/or accessory facilities on purpose or by accident, Party B should repair or pay for the monetary damage occurred.

Article 7. During the lease term, Party B should not sublease all or partial space of the premise to a third party without the consent of Party A, otherwise Party A has right to take back the premise. When the term is to expire and Party B decides to renew the lease, Party B should give the notice to Party A one month in advance. If Party A agrees, both parties shall sign a new lease upon negation. If agreement can’t be reached, Party A has right to request Party B to move out unconditionally. Under the same offering conditions, Party B has priority over other potential tenants to get approved for the lease.

Article 8. During the lease term, if Party A or Party B can not implement the lease, the party should give notice to the other party one month in advance and pay one-month rent to the other party for penalty.

Article 9. During the term, both parties should comply with laws and regulations and complete required registration procedure, and the wrongdoer should be responsible for the consequences of any inappropriate behaviors. Party B should not carry out illegal activities in the premise, otherwise Party B should take legal responsibility for that and Party A has right to request Party B to move out unconditionally.

Article 10. Both parties should negotiate for the issues that have not been addressed in this lease.

Article 11. This lease has two original copies, one held by each party. Each copy has the same legal force.

 

Party A: Xiangfen Chen

/s/ Xiangfen Chen

(Signature)

 

Party B: Shandong Jiajia International & Forwarding Co. Ltd. Xiamen Branch

(Company Seal)

December 31, 2011exh10-9.htm

 

Exhibit 10.9

SECURED PROMISSORY NOTE

$20,000.00                                                                                                           January 13, 2011

FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $20,000.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum.  All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Jan 13, 2012, the maturity date.

Section 1: Interest

Interest payments of $800.00 are due and payable on Jan 13, 2012.

Section 2: Principal

The $20,000.00 principal amount of this Secured Promissory Note is due on Jan 13, 2012

Section 3: Maturity

Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Jan 13, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.

	
Borrowers:  China Logistics Group, Inc.

 

 

 

By: /s/ Andrew Goldrich

Sign name

 

 

	
Lender: China Direct Investments, Inc.

 

 

 

By: /s/ James Wang

Sign name

  

  

  

SECURED PROMISSORY NOTE

$22,500.00                                                                                                                     Feb. 16, 2011

FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $22,500.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum.  All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Feb. 15, 2012, the maturity date.

Section 1: Interest

Interest payments of $900 are due and payable on Feb.15, 2012.

Section 2: Principal

The $22,500.00 principal amount of this Secured Promissory Note is due on Feb.15, 2012.

Section 3: Maturity

Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Feb.15loan, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.

	
Borrowers:  China Logistics Group, Inc.

 

 

 

By: /s/ Wei Chen

      Sign name

 

 

	
Lender:  China Direct Investments, Inc.

 

 

 

By: /s/ James Wang

      Sign name

 

 

  

  

  

 

SECURED PROMISSORY NOTE

$50,000.00                                                                                                                     Aug 5, 2011

FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $50,000.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum.  All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Aug 4, 2012, the maturity date.

Section 1: Interest

Interest payments of $2,000 are due and payable on Aug 4, 2012.

Section 2: Principal

The $50,000.00 principal amount of this Secured Promissory Note is due on Aug 4, 2012

Section 3: Maturity

Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Aug 4, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.

	
Borrowers:  China Logistics Group, Inc.

 

 

 

By: /s/ Wei Chen                          

      Sign name

 

 

	
Lender:  China Direct Investments, Inc.

 

 

 

By:  /s/ Andrew Goldrich                                      

      Sign name

 

 

  

  

  

 

SECURED PROMISSORY NOTE

$30,000                                                                                                           Oct. 2, 2011

FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $30,000.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum.  All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Oct.1, 2012, the maturity date.

Section 1: Interest

Interest payments of $1,200 are due and payable on Oct.1, 2012.

Section 2: Principal

The $30,000.00 principal amount of this Secured Promissory Note is due on Oct.1, 2012.

Section 3: Maturity

Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Oct. 1loan, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.

	
Borrowers:  China Logistics Group, Inc.

 

 

 

By:    /s/ Wei Chen                        

      Sign name

 

 

	  

 

  

  

  

 

SECURED PROMISSORY NOTE

$50,000.00                                                                                                                     Dec 2, 2011

FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $50,000.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum.  All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Dec 1, 2012, the maturity date.

Section 1: Interest

Interest payments of $2,000 are due and payable on Dec 1, 2012.

Section 2: Principal

The $50,000.00 principal amount of this Secured Promissory Note is due on Dec 1, 2012

Section 3: Maturity

Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Dec 1, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.

	
Borrowers:  China Logistics Group, Inc.

 

 

 

By:    /s/ Wei Chen                                          

      Sign name

 

 

	  

  

  

  

January 13, 2012

 

China Logistics Group, Inc.

 

 

Re:           $20,000 Secured Promissory Note dated Jan. 13, 2011 and $22,500 Secured promissory Note dated Feb. 16, 2011 between China Direct Investments, Inc. (Lender) and China Logistics Group, Inc. (Borrower)

 

Dear Mr. Chen,

 

Please accept this letter as formal notification of our mutual agreement to extend the maturity date of above two loans to Jan. 13, 2013 and Feb. 16, 2013, respectively. All other terms and conditions of the loans shall remain in full force and effect.

 

 

Warms regards,

 

 

	
Lender:  China Direct Investments, Inc.

 

By:    /s/ James Wang                      

      Sign name: James Wang, Ph.D.

 

 

	
Borrower:  China Logistics Group, Inc.

 

By:    /s/ Wei Chen                                 

      Sign name: Wei Chen

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}]]