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Unofficial
Translation
Exhibit 10.35
Gas Station Lease
Agreement
Party A:
Shaanxi Highway Service Co. Ltd.
Party B:
Xi’an Baorun Industrial Development Co., Ltd.
This contract
is made by and between Party A and Party B based on the principle
of equality, mutual benefits and good faith discussion and pursuant
to Contract Law of the People's Republic of China. The two parties
agreed the following:
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Party A agrees
to lease 4 gas stations to Party B for operation. Two of them are
located in Xihan Highway (from Xi’an to Hanzhong city) Yang
County area and take 2200 ㎡
, have 5×100=500m
3 storage capacity and 4×4 refueler
respectively; and two of them are located in Xiyu Highway Cheng
County area, take 2000 ㎡
, have 5×100=500m
3 storage capacity, and 6×2 refueler
respectively.
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The lease term
is fifteen years (from June 1, 2008 to May 31,
2023).
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The annual rent
for each gas station is three million Yuan including the land use
right, buildings, other facilities and operating right.
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Party A shall
deliver relative documents or licenses to Party B in one week after
signing the Agreement. Party B shall pay off the rent for five-year
in two months after receiving all of the required documents. Party
B shall pay the rent every five years till the termination of this
Agreement.
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