Exhibit 10.12
Land Lease Agreement
(English Translation)
Party A: Henan Gengsheng
Refractories Co., Ltd.
Party B: Yangli Village Council,
Dayugou Town, Gongyi City
Party C: People’s
Government of Dayugou Town of Gongyi City
(collectively, the
"Parties")
Through negotiation, the Parties
hereby enter into the following agreement with regard to land use
which is designed in a way of lease first and then expropriation
for land of 56 Chinese acres located in Xihewan of Yangli Village
to Henan Gengsheng Refractories Co., Ltd.
1. Under the precondition of lease
first and then expropriation, Party A shall lease from Party B land
located in Xihewan as the planned construction land for the new
project of Party A. The gross area is 56 Chinese acres. The east,
south, west and north boarder of the land is: East is the
mutually-used wall with Jinglong Coal Mine; South is Dust Gable;
West is boundary of farmland of Baimiao; North is the canal. The
land survey from Dayugou Town government is adopted for
reference.
2. Rent. The total amount is Fifty-six
Th
