Exhibit 10.16
(English
Translation)
Supplementary Agreement to Premises Lease
Agreement
Lessor (Party A): Guangzhou Panyu District Guang
Lv Industrial Co. Ltd.
Lessee (Party B): Guangzhou Organic Region
Agriculture Co. Ltd.
After full negotiation, the Parties have agreed
on the following terms which shall have equal binding legal effect
as the Lease Agreement:
1.
Lease Term. The lease term is five years
from May 1, 2007 to May 1, 2012. After expiry of the lease
term, Party B has a priority to lease the premises under the same
conditions.
2.
Method for Calculating Rental.
From May 1, 2007 to April 30, 2009, the total
fee shall be RMB18/m², among which the rental is RMB16/m²
and the property management fee is RMB2/m².
From May 1, 2009 to April 30, 2010, the total
fee shall be RMB19.46/m², among which the rental is
RMB17.3/m² and the property management fee is
RMB2.16/m².
From May 1, 2010 to April 30, 2011, the total
fee is RMB21.03/m², among which the rental is RMB18.7/m²
and the property management fee is RMB2.33/m².
From May 1, 2011 to May 1, 2012, the total fee
is RMB22.72/ m², among which the rental is RMB20.2/m² and
the property management fee is RMB2.52/m².
3.
Comprehensive management fee includes elevator
fee, security administration fee, cleaning charge, lighting fee,
security guard charge, virescence fee and maintenance fee of public
facilities.
4.
Party A shall provide 30 kv electricity to Party
B. Party B will pay the electricity fee according to the used
amount recorded by ammeter plus those amount which is publicly
allocated for each lessee. Party A will withhold such fees
and the standard of charge is subject to the local standard.
5.
Party A shall provide water to Party B.
Party B will pay the water usage fee according to the used
amount recorded by water meter. Party A will withhold such
fee and the standard of charge is subject to the local
standard.
6.
Party B shall takes responsibility for the
properties safety located in the leased premises.
7.
After execution of this Agreement, Party A
agrees that Party B may start to decorate the premise and will
coordinate Party B for the decoration and provide necessary
assistance.
8.
Party A shall issue the invoice for monthly
rental to Party B.
9.
The devices in the premises delivered by Party A
to Party B shall subject to the stipulations by the contract.
During the lease term, Party A shall provide the basic fire
fighting devices to Party B. Party A is responsible for the
annual inspection, indoor installation and examination and
acceptance of such fire fighting devices and bear respective fees.
Party B is responsible for the industrial fire fighting.
10.
During the lease term, if Party has caused
damage or lose to leased premises due to its manmade reasons, it
shall recover (including repair and maintenance) the damages on its
own expenses. When the leased premises cannot be used
normally by Party B due to the reasons of force majeure, Party A
shall timely repair the premises on its own expenses. During
the
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