Exhibit 10.8
(English Translation)
Lease Contract at Gaoneng Street
Incubating Base
Party A (Lessor): Dalian
Shuangde Scientific Industry and Trading Co. Ltd
Party B
(Lessee): Dalian Heavy Mining Equipment Manufacturing Co.,
Ltd.
In accordance
with << Contract Law of People’s Republic of
China>> and the relevant leasing rules and regulations of
Dalian City, both parties have reach consensus and hereby enter
this contract:
Article
One: Terms
and Conditions
Party A is to
let the premise at Street Gaoneng No
26 Building Block
, consisting of House
in the Dalian High-Tech Garden, in
total of ____ to Party B for use. The housing construction area is
square meters.
Article
Two: Term
of Lease
The term of
lease is from Febuary 1, 2010 to
Febuary 1, 2011 , one year in
length.
Article
Three Charges,
Rent and Payment
1. The
total rental fee is RMB 270,000 , including Rent
RMB 158,970 , comprehensive service fee RMB
68,130 , Utilities for Heat and Conditioning RMB 42,
900 . In Chinese Capital Two Seventy Thousand RMB
Even .
2. The
total rental fee shall be made in two installments by
Party B, with RMB 135,000 immediate payable after
signing this contract and the other before August 1,
2010 . Any extra shall be made through the
riders.
3.
The deposit is
RMB payable at the time of
contract.
4. The
utilities for water and power are at the expense of Party B,
payable to Party A in terms of << Innovation Center Water and
Power Charge>> before the 15th day of each month.
5.
The telephone line and its installation shall be arranged by
Party B at its own expense.
Article
Four Rights
and Duties of Party B
1. Party
B shall legally operate business within its business scope as
approved by the Industrial and Commercial Administration
Bureau.
2. Party
B has right to use the premise within the term of lease, but in no
event shall change the house structure and nature at Party
B’s sole discretion. An
