Exhibit 10.32
(Summary Translation)
PROPERTY SUBLEASE AGREEMENT
AGREEMENT made this 1st day of December 2005 by and between Suzhou Liouxin
Industry Co., Ltd. (hereinafter referred to as "Party A") and Jiangxi LDK
Solar Hi-Tech Co., Ltd. (hereinafter referred to as "Party B") in connection
with the use of certain premises herein specified according to the terms set
forth below.
WHEREAS,
1. Party A and Shanghai Harbor Ring Real Estate Development Co., Ltd.
(hereinafter referred to as "Harbor Ring") entered into a real property
lease contract on November 7, 2005 (hereinafter referred to as the "Lease
Contract"), pursuant to which, Harbor Ring has leased to Party A, and Party
A has leased from Harbor Ring, the premises located at Room 2303, Harbor
Ring Plaza, No. 18 Xizang Zhong Road, Shanghai (hereinafter referred to as
the "Property") in accordance with the terms and conditions therein
provided.
2. Party B wishes to use the Property as its offices for business purposes.
NOW, THEREFORE, Party A and Party B, subject to the terms and conditions set
forth herein, agree as follows:
1. In furtherance of its business goals, Party B subleases the Property from
Party A as offices for its Shanghai branch office.
2. Party A agrees that Party B shall not have any obligation to pay for its
use of the Property during the sublease period.
3. The term of the sublease shall be two years commencing on the effective day
of this Agreement. Should Party B desire to continue to use the Property
after the expiration of this Agreement, Party B may further negotiate and
enter into a new agreement with Party A.
4. This Agreement shall come into effect upon signing by both parties.
5. Both parties agree to resolve other related matters not explicitly provided
herein through amicable negotiation and consultation.
6. This Agreement shall be executed in two original copies, and each party
shall keep one copy hereof.
PARTY A: Suzhou Liouxin Industry Co., Ltd. (sealed)
PARTY B: Jiangxi LDK Solar Hi-Tech Co., Ltd. (sealed)
