English Translation of Leasehold Agreement March 1st , 2007
English
Translation of
March
1st
, 2007
Party
A:
Chongqing Xinshengxiang Industrial Development Co., Ltd.
(hereinafter
called “Party A”)
Party
B:
Chongqing Qiluo Textile Co. Ltd. (hereinafter called “Party B”)
Through
negotiation, Party A agree to loan to Party B its workshop, land and equipment
located in ▇▇.▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇
Economic Development Zone, Lidu, Fulin, Chongqing for Party B’s operation. Both
parties achieve the agreement as follows:
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1.
|
From
March 1st
,
2007 to March 1st
2026, Party A should loan to Party B its workshop,
land and equipment with rentals of ¥ 17100 per month, Party B should take
charge of payment of water, electricity and gas as well as
cleaning fee.
The are is approx. 122,000.00 Square foot.
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2.
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Party
B bears responsibility of guaranteeing building in good condition
and
should compensate ad val. for the defective.
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3.
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Party
B should notice Party A 30 days in advance if deciding to terminating
this
agreement due to certain reasons.
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4.
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The
Agreement is made in two counterparts to be held respectively
by each of
the parties.
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Party
A
|
Party
B
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