Summary Translation Lease Agreement between Zhejiang Apeikesi Energy Co., Ltd and Tantech Energy Technology Co., Ltd
Exhibit 10.7
Summary Translation
Lease Agreement between Zhejiang Apeikesi Energy Co., Ltd and Tantech Energy Technology Co., Ltd
Party A: Tantech Energy Technology Co., Ltd
Party B: Zhejiang Apeikesi Energy Co., Ltd
In connection with the Sales Agreement (see GB 13.08), Zhejiang Apeikesi Energy Co., Ltd (“Apeikesi”) and Tantech Energy
Technology Co., Ltd (“Tantech”) also signed a lease agreement (“Agreement”), pursuant to which, the Purchaser
agrees to lease the existing production facility in Tantech for five years from December 1, 2017 to December 2, 2022. The rent
for the first two years are free. The annual rent for the 3rd, 4th and 5th year is XXX 0.00 xxxxxxx,
XXX 0.00 xxxxxxx xxx XXX 0.45 million, respectively.
This Agreement is based on the Purchase Agreement between Apeikesi and Tantech and will automatically terminate if the Purchase Agreement fails to be executed.
The Agreement is made in quadruplicate with all parties herein holding 2 copies each with the same legal effect.
A leased floor plan chart is attached thereto.
Tantech Energy Technology Co., Ltd
/s/ Corporate Chop
By: /s/ Xxxxxxx Xxxx
Name: Xxxxxxx Xxxx
Zhejiang Apeikesi Energy Co., Ltd
/s/ Corporate Chop
By: /s/ Xxxxxx Xxxx
Name: Xxxxxx Xxxx
