LeaseAgreement
EX-10.6 18 v182501_ex10-6.htm EX-10.6
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:
| 1. | 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. |
| 2. | 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. |
| 3. | 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. |
| 4. | 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. |
| 5. | 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. |
| 6. | This agreement will be effective from the sign date, in duplicate, one for each party. |
| Party A: Xiaoding Fu Village Committee | Party B: Baosheng Steel Products Co. | |
