StorageService Agreement

1.

Party B provides the warehouse, the details of which are showed in the table below,

Warehouse location

No.1 Yongxin Road, Xuguantun Economical Zone, Wuqing New Tech Industrial Park, Tianjin, China

Construction size

6745.28 m2

Construction structure

Steel structure

2.

Party B shall perfect the water and power supply facilities of the storage area and Administrative Area in warehouse prior to the beginning of the service term fixed in this agreement, in order to safeguard the normal use of the facilities.

3.

Party B shall maintain the warehouse and the hardware facilities, such as the usual maintenance of roof, wall, floor and windows.

4.

Party B shall install the windows guards and awnings prior to the beginning of the service term.

5.

The warehouse Party B providing with Party A serves only an office and storage purpose.

6.

The storage term in this agreement is 12 months, from September 10, 2008 to September 9, 2009.

7.

The monthly payment for the total storage service is RMB 87,688.64.

8.

Party A shall pay the service fee quarterly prior to the 10th day of the first month in the quarter by wire or in cash, totally RMB 263,065.92.

a)

Party A shall timely pay for Party B comply with the provisions on time, amount, and payment mode as well as the charge that should be paid by Party A.

Comply with duties and obligations provided in this agreement and legal provisions.

a)

Party B shall provide Party A with the storage service comply with the time and conditions set in the agreement.　

b)

Party B promises a good condition of the current energy and communication

 

facilities in the warehouse, when they hand over to Party A.

c)

If the owner right changes affect Party A’s normal use of the warehouse, Party B shall solicit Party A’s written consent in advance.

d)

Comply with duties and obligations provided in this agreement and legal provisions.

11.

Both parties shall solve the disputes arising from the execution of this agreement through negotiation. In the case that an agreement cannot be reached, according to the law in People’s Republic of China, any party may summit the dispute to the court on which the People’s Republic of China has the jurisdiction. All the fees for lawsuit shall be borne by the losing party.

12.

The execution, explanation and the settlement of the disputes apply to the law of People’s Republic of China.

13.

The supplements are inseparable part of this agreement and legally of equal effect.

 

   Supplement A: The handover record signed by two parties

Supplement B: Certificate of the Property Right

14.

This agreement shall take into effect since the date on which the two parties seal and sign on it.