Attached files
| file | filename |
|---|---|
| 8-K - Longhai Steel Inc. | v178718_8k.htm |
| EX-21 - Longhai Steel Inc. | v178718_ex21.htm |
| EX-3.3 - Longhai Steel Inc. | v178718_ex3-3.htm |
| EX-2.1 - Longhai Steel Inc. | v178718_ex2-1.htm |
| EX-10.5 - Longhai Steel Inc. | v178718_ex10-5.htm |
| EX-10.1 - Longhai Steel Inc. | v178718_ex10-1.htm |
| EX-10.3 - Longhai Steel Inc. | v178718_ex10-3.htm |
| EX-10.6 - Longhai Steel Inc. | v178718_ex10-6.htm |
| EX-10.8 - Longhai Steel Inc. | v178718_ex10-8.htm |
| EX-10.7 - Longhai Steel Inc. | v178718_ex10-7.htm |
| EX-10.4 - Longhai Steel Inc. | v178718_ex10-4.htm |
Exhibit
10.2
Lease
Agreement
Party A:
Xingtai Longhai Steel Wire Co. Ltd.
Party B:
Xingtai Longhai Steel Group Co. Ltd.
In order
to operate independently, Party A must to lease some portion of Party B’s land
and property; therefore both parties, on a friendly, free and fair basis, agree
below terms:
|
1.
|
Area
of lease agreement: 226 meters north of South wall of Xingtai Longhai
Steel Group Co. Ltd, 474 meter east of the office building, comprising a
total area of 107,124 sqm; High speed wire production plant and it’s
complimentary properties; 5 floors of group company’s office
building.
|
|
2.
|
Lease
term: unless due to uncontrollable causes or the companies major
agreement, the agreement will be effective
indefinitely.
|
|
3.
|
Lease
fees and payment: the annual lease fee is RMB5,000,000, payable every six
month. The payment will be RMB2,500,000 per payment. The fees
shall be paid before the 15th
of each payment month, and the first payment should be made with 15 days
of the agreement is effective.
|
|
4.
|
Both
parties rights and obligations:
|
|
|
a)
|
Party
A will have all the right to utilize the lease object, party B cannot
intervene party A’s operation, party A will guarantee party B’s assets
security and integrity.
|
|
|
b)
|
If,
due to party A’s operational needs, Part A must to moderate or expand the
facilities, Party A shall give at least one month’s advance notice to
Party B.
|
|
|
c)
|
Party
A shall be responsible for tax associated with the land’s
usage.
|
|
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d)
|
Party
A should make all payments on time, if due to short of cash flow needs to
extend the payment, Party A shall notify Party B 10 days in advance, the
extension cannot exceed 2 months.
|
|
|
e)
|
Party
B pledges to provide Party A utilities such as water, electricity and heat
as needed. Party A’s operating need of water, electricity and hear will
not incur other payments to Party B. Party A will pay to the
electricity provider directly based on its
usage.
|
|
|
f)
|
Party
B should provide free security and after support service to Party A to
ensure party A’s asset’s security and quality
operation.
|
|
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g)
|
Party
B shall issue an invoice to Party A one month from the day of the payment
is received.
|
|
5.
|
Any
other matters not expressly stated herein, both parties should base on and
fair and free basis issue supplemental
agreements.
|
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6.
|
This
agreement will be made in two copies, each party holds one
copy.
|
|
7.
|
This
agreement will be effective on the day both parties signed and
stamped.
|
Party A
(Purchaser): Xingtai Longhai Steel Wire Co. Ltd.
Party B
(Seller): Xingtai Longhai Steel Group Co. Ltd.
October
1, 2008
Supplemental
Agreement Related to the Lease Agreement
Party A:
Xingtai Longhai Steel Wire Co. Ltd.
Party B:
Xingtai Longhai Steel Group Co. Ltd.
In order
to operate independently, Party A must to lease some portion of Party B’s land
and property; therefore both parties, on a friendly, free and fair basis, agree
below terms::
|
1.
|
Agreement
object: 226 meter North of South wall of Xingtai Longhai Steel Group Co.
Ltd, 474 meter East of the office building, total area of 107,124 meter
square; High speed wire production plant and it’s compliment properties; 5
floors of group company’s office
building.
|
|
2.
|
Lease
fees and payment: the annual lease fee is 3,000,000 rmb, payable every six
month, the payment should be 1,500,000 rmb each payment. The fees should
be paid before the 15th
of each payment month, and the first payment should be made with 15 days
of the agreement is effective.
|
|
3.
|
This
agreement is supplemental to the lease agreement, there is conflict
provisions to the supplemental agreement shall
prevail.
|
Party A
(purchaser): Xingtai Longhai Steel Wire Co. Ltd.
Party
B(Seller): Xingtai Longhai Steel Group Co. Ltd.
October
2, 2008
Supplemental
Agreement Related to the Lease Agreement
Party A:
Xingtai Longhai Steel Wire Co. Ltd.
Party B:
Xingtai Longhai Steel Group Co. Ltd.
In order
to operate independently, Party A must to lease some portion of Party B’s land
and property; therefore both parties, on a friendly, free and fair basis, agree
below terms:
|
1.
|
Lease
fees and payment: the annual lease fee is 193,831.66 rmb (base on 1.3
times of the group land lease fee and 1.3 times of the office building
depreciation), payable every six month, the payment should be 96,915.83
rmb each payment. The fees should be paid before the 15th
of each payment month, and the first payment should be made with 15 days
of the agreement is effective.
|
|
2.
|
This
agreement is supplemental to the lease agreement, there is conflict
provisions to the supplemental agreement shall
prevail.
|
Party A
(purchaser): Xingtai Longhai Steel Wire Co. Ltd.
Party
B(Seller): Xingtai Longhai Steel Group Co. Ltd.
October
4, 2008