SEC Contract Filing

Filing Date: 2019-07-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.02
<SEQUENCE>3
<FILENAME>jwhi_ex1002.htm
<DESCRIPTION>LEASE AGREEMENT
<TEXT>
<html><head><title>jwhi_ex1002.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px" align="right"><b>EXHIBIT 10.02 (Translated)</b></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b>Lease Contract of Operating Site</b></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>Party A</b> (lessor): Shenzhen Qifeng Logistic Chain Service Co., Ltd.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>Party B</b> (lessee): Shenzhen Qianhai Jin Wan Hong Industrial Co., Ltd.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">According to the Contract Law of the People&#8217;s Republic of China and relevant laws and regulations, on the basis of equality, voluntariness and consensus, Party A and Party B shall conclude this contract on the lease of Party A&#8217;s factory buildings, warehouses, apartments, office buildings and shops (hereinafter referred to as &#8220;operating sites&#8221;) by Party B, and both parties shall abide by it jointly.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="center"><b>Part I Basic Agreement on Leasing Operating Sites</b></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>Article 1 Location and Area of Business Sites</b></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">Party A agrees to lease to Party B some of the operating sites of Qifeng Digi-Tech Park (hereinafter collectively referred to as &#8220;Park&#8221;) at No. 26 Baili Road, Lilang Community, Nanwan Street, Longgang District, Shenzhen City, Guangdong Province, as follows:</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">The leasing zone B, the fifth floor and the first area are located on the Sino-foreign transport side, and are used for Party B&#8217;s office and production. The total rental area is 1700 square meters (including public shared area). The monthly rent per square meter is 25 RMB, and the monthly rent is 42500 RMB. The total annual rent amount is 510,000 RMB.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>Article 2 Term of Lease</b></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">The lease period of operating site is from October 18, 2016 to October 17, 2022, totaling 6 years. If the delivery of the leased site is delayed due to the progress of Party A&#8217;s project and other reasons, the progress of public transport road construction cannot meet the production needs of the factory, the above period shall be extended accordingly. At that time, the two parties shall begin to calculate the lease start and end period (including the start and end date of the rent-free period) from the date of the formal delivery of the leased site.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><table id="pagebreak47939c74-c32d-4039-a522-adcaa58b3888" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">- 1 -</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>Article 3 Rent and related expenses agreement</b></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">1. Party B rents the premises of Party A on a monthly basis. The monthly total amount is 42500 RMB. From October 18, 2019 to October 17, 2022, the rent increases by 20% on the current rental base. (That is to say, the rent of the workshop during this period is 30 RMB per square meter per month).</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">Party B shall pay Party A the rent for the next month before the 30th of each month. If Party A delays the rent, Party A shall charge 5% of the overdue fee per day according to the number of overdue days. If Party B fails to pay the above rent in full after 15 days, it will be regarded as Party B&#8217;s fundamental breach of contract. Party A has the right to unilaterally cancel this contract and investigate Party B&#8217;s liability for breach of contract.</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">2. Within 5 days after the signing of this contract, Party B shall pay Party A the first month rent of 42500 RMB as well as 85000 RMB as the performance bond (if Party B intends to sign with Party A). If a deposit has been paid to the contract, the deposit will automatically be converted into a performance bond. During the lease period, the performance bond shall be used to guarantee Party B&#8217;s lawful operation, paying taxes according to regulations, not violating the park management regulations, paying rent and management fees on time, not arrearing employees&#8217; wages, not damaging the facilities or equipment of the operating site, etc. If Party B does not violate the above contents, the contract expires and Party B settles all the expenses. After use, the performance bond will be returned to Party B without interest.</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px; T