Amiworld, Inc.
LEASE AGREEMENT WITH ODIN PETROIL ZF LTDA. U
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<TYPE>EX-10
<SEQUENCE>2
<FILENAME>exh10-17.htm
<DESCRIPTION>LEASE AGREEMENT WITH ODIN PETROIL ZF LTDA. U
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><U><B><font SIZE=2>EXHIBIT 10.17</font></B></U></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SERVICE AGREEMENT CONTRACT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>(CRUDE OIL MAQUILA)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>In Santa Marta&#146;s District, D. T. C. H., Magdalena Department, on September 30<sup>th</sup> of 2008, among the undersigned, </font><b><font size=2>FERMIN RAFAEL VEIT&#205;A MACHADO, </font></b><font size=2>of legal age and neighbor of this city, working in my condition of legal representative of the society </font><B><font SIZE=2>ODIN PETROIL ZONA FRANCA LIMITADA SOCIEDAD UNIPERSONAL</font></B><font size=2>, (ODIN PETROIL ZF LTDA</font><b><font size=2> U</font></b><font size=2>), placed in Santa Marta, who, from now, will be denominated </font><B><font SIZE=2>THE CONTRACTOR</font></B><font size=2> on one hand, and for other </font><B><font SIZE=2>MAMORU SAITO</font></B><font size=2>, in representation of the society </font><B><font SIZE=2>ODIN PETROIL S. A.,</font></B><font size=2> in his condition of president, properly authorized, with main domicile in Santa Marta, identified with NIT 900142127-0,
who, from now on, will be denominated </font><B><font SIZE=2>THE CONTRACTING PARTY</font></B><font size=2>, on the other side, the </font><B><font SIZE=2>SERVICE AGREEMENT CONTRACT (CRUDE OIL MAQUILA)</font></B><font size=2> has been celebrated, through which </font><B><font SIZE=2>ODIN PETROIL ZF LTDA U</font></B><font size=2> undertakes to provide the maquila service of 16.000 crude oil barrels per month to </font><B><font SIZE=2>ODIN PETROIL S. A.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The service will be lent under the following conditions:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>ODIN PETROIL ZF LTDA U</font></B><font size=2>, by means of industrial maquila service, is committed to carry out during 8 months, the process of refinement of minimum 20.000 crude oil barrels per month provided by </font><B><font SIZE=2>ODIN PETROIL S. A.,</font></B><font size=2> to obtain Petroleum derived fuels.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The crude oil characteristics provided by </font><B><font SIZE=2>ODIN PETROIL S. A.</font></B><font size=2> will be established regarding each office, by </font><B><font SIZE=2>ODIN PETROIL S.A</font></B><font size=2> laboratory,  who will keep a sample of each receipt and delivery for one week. To achieve the deliveries and receipts chronogram among the last five days of the month, ODIN PETROIL S. must sent a crude dispatch
chronogram. Based on this information </font><B><font SIZE=2>ODIN PETROIL ZF LTDA U</font></B><font size=2> will give the chronogram of petroleum derived products.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>ODIN PETROIL S. A.</font></B><font size=2> will be able to use the finished products stored at ODIN PETROIL ZF LTDA U facilities during the term of this contact and without generating additional costs.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The permanency of crude oil or refined product in </font><B><font SIZE=2>ODIN PETROIL ZF LTDA U</font></B><font size=2> storage tanks, in development of the execution of this contract, will be hold by the mentioned society as a &#147;precarious tenure title&#148; (</font><i><font size=2>titulo de tenencia precaria</font></i><font size=2>), putting itself under the obligation to physically maintain available the same ones that will
always be </font><B><font SIZE=2>ODIN PETROIL S. A.</font></B><font size=2> property  and to give them under the foreseen quality conditions.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The remuneration for maquila service included in the first execution month of this contract, is the amount of THREE HUNDRED MILLION OF PESOS ($300.000.000.oo). During 5 months left will be TWO HUNDRED MILLION OF PESOS ($250.000.000) per month. As follow:</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Fee Value </font></p> </td>

        <td width="500" valign=top style='border:solid black 1.0pt; border-left:none;padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Payment Date</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>September 19 of 2008</font></p> </td>

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padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CO     $300.000.000</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>October 15 of 2008</font></p> </td>

        <td width="500" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CO     $250.000.000</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>November 15 of 2008</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CO     $250.000.000</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>December 15 of 2008</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CO     $250.000.000</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>January 15 of 2009 </font></p> </td>

        <td width="500" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CO     $250.000.000</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>February 15 de 2009</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CO     $250.000.000</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.73in;text-align:justify;'><font size=2>If the contact execution term gets extended, the remuneration will be TWO HUNDRED MILLION OF PESOS ($250.000.000) per additional month at the initial term.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>ODIN PETROIL ZF LTDA U</font></B><font size=2>, will allow that workers or contractors of </font><B><font SIZE=2>ODIN PETROIL S. A.</font></B><font size=2>, supervise and intervene in all activities that </font><B><font SIZE=2>ODIN PETROIL ZF LTDA U</font></B><font size=2>, must realize the execution of the present contract. </font><B><font SIZE=2>ODIN PETROIL S. A. </font></B><font size=2>will determined the number of contractors
or workers to be used at the facilities of </font><B><font SIZE=2>ODIN PETROIL ZF LTDA U</font></B><font size=2> as well as the functions these must carry out, and even they may remove or replace workers at </font><B><font SIZE=2>ODIN PETROIL ZF LTDA U </font></B><font size=2>facilities, without becoming liable for labor rights payment of these dismissed workers.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>ODIN PETROIL ZF LTDA U </font></B><font size=2>commits to maintain effective all the permits and licenses and to have all the documents and taxes needed to execute the industrial activity that develops and for his character of industrial user of goods and services at frank area. The sales taxes generated from the provided service object this contract will correspond to </font><B><font SIZE=2>ODIN PETROIL S. A.</font></B><font
size=2> as beneficiary of the same one. </font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The nationalization expenses of the finished products will be paid by </font><B><font SIZE=2>ODIN PETROIL S. A.</font></B></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>ODIN PETROIL S. A.</font></B><font size=2> will surrender the facilities of </font><B><font SIZE=2>ODIN PETROIL ZF LTDA U</font></B><font size=2> located in patio No. 2 at Frank Zone of Good and Services of Santa Marta, the crude oil and equally it will retire the refined product of the same facilities.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The initial term of the present contract will be automatically renewed  two months before its expiration date, if the part agreed so.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;

In sign of conformity she subscribes this document,</font></p>

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<p style=' margin-bottom:5pt; margin-top:5pt; text-indent:0.25in;text-align:justify;'><b><font size=2>____________________________</font></b></p>

<p style=' margin-bottom:5pt; margin-top:5pt; text-indent:0.25in;text-align:justify;'><b><font size=2>FERMIN RAFAEL VEIT&#205;A MACHADO</font></b></p>

<p style=' margin-bottom:5pt; margin-top:5pt; margin-left:0.25in;text-align:justify;'><B><font SIZE=2>ODIN PETROIL ZF LTDA U</font></B></p>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt; text-indent:0.25in;text-align:justify;'><b><font size=2>____________________________</font></b></p>

<p style=' margin-bottom:5pt; margin-top:5pt; text-indent:0.25in;text-align:justify;'><B><font SIZE=2>MAMORU SAITO</font></B></p>

<p style=' margin-bottom:5pt; margin-top:5pt; text-indent:0.25in;text-align:justify;'><B><font SIZE=2>ODIN PETROIL S. A.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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