Exhibit 10.1
[UNOFFICIAL ENGLISH
TRANSLATION]
Gas Station Leasing Business
Contract
According to
People's Republic of China Contract Law and related laws,
Xi'an Baorun Industrial Development Co., Ltd. and Shanxi
Fangwei Road Gas Station ，
on an equal ，
mutual and equivalent paid basis,
after friendly negotiation, have entered the following
agreement in relation to leasing the Shanxi Fangwei Road Gas
Station:
First article:
Contract parties
Lessor: Shanxi
Fangwei Road Gas Station (hereinafter referred as Party
A)
Registration
address: Shanxi Fangwei Road North Section
Legal
representative: Fan Zhiyong
Lessee
：
Xi'an Baorun Industrial
Development Co., Ltd. (hereinafter referred as Party
B)
Registration
address: Xi’an city Huoju Road number 7, East New Century
Plaza
Legal
representative: Gao Xincheng
Second article:
The content of the lease
Party A
provides Party B with the lease of the gas station located at
Fangwei Road North Section in Xi’an city. Such gas station
covers an area of 13 mu and the gas station includes 8 double pump
computerized gas machines with total reserves of 240 cubic meters,
4 oil storage tanks, 1,000 square meters of canopy and 600 square
meters of business area.
Third article:
The term of the lease
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The term of the
lease for the gas station is from June 1 st 2009 to May 31, 2039.
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The contract
becomes effective after both parties sign the contract. The lease
starts from the date when Party B takes over the gas
station.
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Fourth article:
Rent and payment
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The annual rent
for the gas station is six hundred thousand renminbi ( 600,000
RMB), the term of the lease is 30 years with a total of eighteen
million renminbi (18,000,000 RMB)
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After the
agreement has been signed and five days after Party B takes over
the gas station, Party B should pay Party A 80% of the rent, with a
total of 14,400,000 RMB. After all the formalities have been
processed and transferred such as refined oil business license and
dangerous chemical certificate and Party A does not have any
remaining issues of tax and measurement ，
Party B shall pay Party A the
remaining 20% of the rent. Party A is responsible for all the
expenses in relation to the transfer procedure.
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Fifth article:
The transfer of leasehold
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After Party A
has completed all the related procedures, both parties shall start
to transfer the leasehold and Party B accepts the leasehold as it
and changes the image of the packaging if needed.
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If there is any
construction quality issue within one year, Party A is responsible
for repair and maintenance.
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Sixth article:
the title and ownership during the lease period
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During the
lease period, all the usage interests belong to Party B.
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During Party
B’s business operation, Party A is responsible for
coordinating with all neighbors and land owners and guarantees the
normal supply o
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