Lease Agreement (English summary), dated January 1, 2010, between Great Shengda and Xin Shengda

Contract Categories: Real Estate - Lease Agreements
EX-10.32 36 exhibit10-32.htm EXHIBIT 10.32 China Packaging Technologies, Inc. - Exhibit 10.32 - Filed by newsfilecorp.com

Exhibit 10.32

Lease Agreement

(English Summary)

Date of Signing                    Jan 1, 2010
Lease Parties                    Great Shengda as lessee and Xin Shengda as lessor.
Lease Address                    2, Beitang Rd, Xiaoshan Economic and Technology Development Zone
Lease Area                    Land use right of 112,437 sqm
Lease Purpose                    Industrial use
Term                    From Jan 1, 2010 to Dec 31, 2012
Rent                    RMB 1 million per annual, payable at the end of each calendar year

Termination

During the term of the Agreement, if lessee terminate the lease agreement, the lessor shall have the right to decide if this Agreement will be continued or terminated. In this circumstance, if lessor decides to terminate the Agreement, lessor shall notify lessee in writing. Lessee shall make sure the validity of its mailing address and notify lessor of any change of mailing address in writing, otherwise, when lessor sends the notice to lessee’s designated mailing address, the return date of the mail shall be deemed as the notice date.