Lease Agreement
Party A:
Dachang Hui Autonomous County, Xiadian Town, Xiaodingfu Village
Committee
Party B:
Baosheng Steel Products Company Ltd
Both
parties enter into an agreement by which Party B will rent land from Party A,
through consultation of the Bureau of Land Management of county, town, and
development zone, we agree and commonly adhere to the following
conditions:
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1.
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Party
B will rent an area the size of 46.23 mu in land from Party
A. The rent term is 20 years, begins on
2005-11-11.
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2.
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Party
B should pay 600RMB/ mu/ year as compensation. Total fee is
27,738RMB/year, Party B will pay compensation by year, and shall pay the
total annual fee before November 11th
of every year.
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3.
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During
the period of rental term, Party A shall allow Party B to build temporary
structures, Party B pledges that they will not build structures in
perpetuity.
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4.
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Party
A will be responsible for the removal of all tombs from the land out
within one month that from the sign date, with reasonable fees to be paid
by Party B.
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5.
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After
this agreement is executed, Party A shall assist to communicate with
villagers, and will not be allowed to interfere with Party B for any
reason.
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6.
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This
agreement will be effective from the sign date, in duplicate, one for each
party.
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Party
A: Xiaoding Fu Village Committee
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Party
B: Baosheng Steel Products Co.
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