Lease Agreement between Beijing De-haier Technology Co. Ltd. and Beijing Dehaier Medical Technology Co., Ltd.
Beijing De-haier Technology Co. Ltd. (Party A) has agreed to lease its land and buildings in Beijing to Beijing Dehaier Medical Technology Co., Ltd. (Party B) at no cost. The lease runs from September 24, 2008, to September 24, 2010. Party B is responsible for paying all utility fees such as water and electricity. Upon expiration, the agreement may be renewed for an additional two years on mutually agreed terms.
Exhibit 10.6
Summary translation of Lease Agreement
Party A: Beijing De-haier Technology Co. Ltd. (hereinafter referred as “Party A”)
Party B: Beijing Dehaier Medical Technology Co., Ltd. (hereinafter referred as “Party B”)
On September 23, 2008, Party A and Party B have achieved mutual agreements on the following items:
Party A agrees to lease its land and buildings at 45 Yong An Road, Science Park, Changping District Beijing (102200) to Party B for free. The lease period is from September 24th, 2008 to September 24th, 2010. Part B will be responsible for and pay all the fees of water, power, etc.
Party A agrees to renew the above agreement with Party B for another 2 years to September 24, 2012 on expiration of this lease on terms mutually acceptable to the parties.
