Administrative Services Agreement between China Resources Ltd. and Shen Zhen China Jia Yue Trading Co., Ltd.

Summary

China Resources Ltd. and Shen Zhen China Jia Yue Trading Co., Ltd. have agreed that, starting from the effective date of China Resources Ltd.'s IPO registration statement and continuing for up to 18 or 24 months, Shen Zhen China Jia Yue Trading will provide administrative and secretarial services, as well as limited office space, to China Resources Ltd. in Shenzhen. In return, China Resources Ltd. will pay $7,500 per month for these services. The agreement outlines the duration, services provided, and payment terms.

EX-10.7 15 e602588_ex10-7.txt FORM OF ADMINISTRATIVE SERVICES AGREEMENT Exhibit 10.7 August , 2007 Shen Zhen China Jia Yue Trading Co., Ltd. Golden Central Tower Jintian Road, Futian District Shenzhen, P.R. China Re: China Resources Ltd. Gentlemen: This letter will confirm our agreement, that commencing on the effective date ("Effective Date") of the registration statement of the initial public offering ("IPO") of the securities of China Resources Ltd. (the "Company") and continuing until 18 months after the Effective Date (or 24 months after the Effective Date if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and the "Business Combination" (as defined in the prospectus) related thereto has not been completed within such 18-month period), Shen Zhen China Jia Yue Trading Co., Ltd shall make available to the Company certain administrative and secretarial services, as well as the use of certain limited office space, including a conference room, at your offices in Shenzhen, as may be required by the Company from time to time, situated at the address of your offices set forth above (or any successor location). In exchange therefore, the Company shall pay to you the sum of $7,500 per month commencing on the Effective Date and continuing monthly thereafter. Very truly yours, CHINA RESOURCES LTD. By: -------------------------------------------- Name: Fuzu Zeng Title: President and Chief Executive Officer Agreed to and Accepted by: Shen Zhen China Jia Yue Trading Co., Ltd. By: ------------------------------------- Name: Title: