Lease Agreement between China National Pulp and Paper Research Institute and Lakeland (Beijing) Safety Products Limited (2015-2017)
China National Pulp and Paper Research Institute leases office space to Lakeland (Beijing) Safety Products Limited from June 1, 2015, to May 31, 2017. The leased office area is 2,067 square feet, with a monthly rent of RMB 22,192 (about USD $42,167 yearly). The lessee must pay a security deposit of RMB 66,576. The rental rate is 3.85 RMB per day per square meter. The agreement outlines the key terms for the use and payment of the office space during the specified period.
Exhibit 10.34
Lakeland (Beijing) Safety Products Co., Ltd. June 1, 2015 – May 31, 2017
Unit 503, Building B, Sinolight Plaza
No. 4 Wangjing Qiyang Road, Chaoyang District
Beijing 100102 PRC
Summary as below:
Lessor: China National Pulp and Paper Research Institute,
Lessee: Lakeland (Beijing) Safety Products Limited
| 1. | Extended lease period: 1 year from 06/01/2015 – 05/31/2017 |
| 2. | Rent : RMB 22,192/MONTH - USD $42,167 YEARLY |
| 3. | Office area : 2,067 sq feet |
| 4. | Security Deposit: RMB 66,576 |
| 5. | Rate: 3.85RMB/Day/ per sqm |
