Property Lease Agreement
Translation
Owner
of
the Property: Duoyuan Clean Water Technology Industries (China) Co. Ltd (Party
A)
User
of
the Property: Duoyuan Digital Printing Technology Industries (China) Co. Ltd
(Party B)
Pursuant
to relevant laws and regulations of PRC, both parties have entered into this
Agreement through negotiation on the basis of equality, voluntariness, fairness,
and sincerity, under which Party B shall lease from Party A certain premises
lawfully owned by Party A.
Article
1 Leased
Property:
| 1-1 |
Party
A shall deliver 20% (3,079.86 square meters) of the premise located
at Xx.
0 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxxxx Xxxxxxxxxxx Xxxx, Xxxxxxx (hereinafter
as “the leased property”) for occupancy by Party
B.
|
Article
2 Usage:
| 2-1 |
Party
B shall only use this premise for office and R&D
purpose.
|
| 2-2 |
Party
B shall not change the usage of the leased property within the term
of
this lease.
|
| 2-3 |
Party
B shall not change the structure of the leased property within the
term of
this lease.
|
| 2-4 |
Party
B shall not sub-let the leased property within the term of this
lease.
|
Article
3 Term
of
Lease
| 3-1 |
The
lease term shall be one year, starting on January 1st
2008 and ending on December 31st
2008.
|
| 3-2 |
After
expiration, Party B shall enter into new agreement with Party A if
Party B
intends to continue its occupancy of the
property.
|
Article
4 Rental
| 4-1 |
The
unit rental shall be RMB 1.00 per day per square meter, and annual
expense
is 3079.86*1.00*365, or RMB 1,124,148.90. The aforementioned rental
includes expenses for the following: water, electricity, heating,
air-conditioning, depreciation, amortization of
land.
|
| 4-2 |
The
rental shall remain unchanged during term of this
Agreement.
|
| 4-3 |
The
rental shall be paid once a year.
|
Article
5 Miscellaneous
Party
B
shall be responsible to immediately repair any damage in the leased property
or
facilities caused by its improper usage.
Article
4 This
Agreement is made in three original copies, each of which shall be of equally
legal effect upon execution by both parties.
Article
5 Any
issue
not covered under this Agreement shall be solved through friendly negotiation
between the parties or through supplementary provisions.
Owner
of
the Property:
(seal
of
Duoyuan Clean Water Technology Industries (China) Co. Ltd)
/s/
Xxxxx
Xxxx
User
of
the Property:
(seal
of
Duoyuan Digital Printing Technology Industries (China) Co. Ltd)
/s/
Zhiguo Hao
Date:
December 25, 2007
