Bomps Mining, Inc. - FORM 10-K - EX-10.13 - EXHIBIT 10.13 FILED HEREWITH AS A PDF REFERENCE - March 30, 2011

Attached files

file filename
EX-10.12 - EXHIBIT 10.12 PDF - Bomps Mining, Inc.ex1012.pdf
EX-10.13 - EXHIBIT 10.13 PDF - Bomps Mining, Inc.ex1013.pdf
EX-32.1 - EXHIBIT 32.1 - Bomps Mining, Inc.ex321.htm
EX-31.2 - EXHIBIT 31.2 - Bomps Mining, Inc.ex312.htm
EX-32.2 - EXHIBIT 32.2 - Bomps Mining, Inc.ex322.htm
EX-10.11 - EXHIBIT 10.11 - Bomps Mining, Inc.ex1011.htm
EX-10.12 - EXHIBIT 10.12 FILED HEREWITH AS A PDF REFERENCE - Bomps Mining, Inc.ex1012.htm
10-K - CHINA CHEMICAL CORP. FORM 10-K - Bomps Mining, Inc.form10k.htm
EX-31.1 - EXHIBIT 31.1 - Bomps Mining, Inc.ex311.htm
EXHIBIT 10.13
 
SUMMARY OF SALE-LEASEBACK AGREEMENT
 
Parties:
 
Zhongxin Futong Capital Lease Co., Ltd. (“ZXFT”)
 
Zibo Jiazhou Chemical Industry Co., Ltd. (“ZBJZ”)
 
Date: November 1, 2010
 
Material Terms:
 
ZBJZ and ZXFT entered into a three-year sale-leaseback agreement (“Agreement”). Pursuant to the Agreement, ZBJZ sold its machinery to ZXFT for RMB120,000,000 and leased the machinery back with a month rent of RMB3,815,967.92 (based on an annual interest rate of 9% but subject to adjustments of the benchmark interest rate made by People’s Bank of China). Of the RMB 120,000,000 sale price, ZBJZ RMB4,200,000 was used to pay the initial cost and RMB 18,000,000 was treated as a security deposit to guarantee ZBJZ’s performance of its obligations under the Agreement. During the term of the Agreement, ZBJZ shall bear all the risks of loss of the machinery and shall purchase at its own expenses insurance for the machinery for a period that covers the term of the Agreement. In the event that ZBJZ accelerates its rent payments, ZXFT shall be entitled to the remaining interests under the Agreement. Upon expiration of the Agreement, ZBJZ shall pay ZXFT RMB100,000 to purchase the machinery back. The payments to ZXFT under the Agreement are guaranteed by Zibo Jiazhou Heat & Electricity Co., Ltd., Feng Lu and Lianfang Zhang.
 

 

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