Exhibit 10.9
English Translation
Supplemental Agreement to Property Lease Agreement
Party A: (Lessor) Zhejiang Hailiang Education Group Ltd.
Party B: (Lessee) Zhuji Private High School
Party A and Party B entered into a Property Lease Agreement on July 1, 2005. Due to the increase of leasing area by Party A, the rent under the original Property Lease Agreement shall be increased accordingly. After friendly consultation, both parties hereby enter into this Supplemental Agreement as follows:
I. Party A intends to lease the houses, lands, sites and other properties located at No. 8, North Ring Road, Jiyang Street, Zhuji (with a floor area of approximately 110,000square meters) to Party B.
II. The term of lease shall start fromJuly 1, 2012and end atJune 30, 2025.
III. The annual rent for the property shall be RMB 7,000,000.00 (i.e. Seven Million)(yuan) and shall be settled on a yearlybasis. The rent for the following year shall be paid before December 31each year.
IV. Execution and Effectiveness
This Supplemental Agreement shall be executed and take effect after both parties affix company seals.
V. Others
1. If there are any discrepancies between this Supplemental Agreement and the original Property Lease Agreement, this Supplemental Agreement shall prevail.
2. Any matters uncovered by this Supplemental Agreement shall still be subject to the original Property Lease Agreement.
XIV. This Supplemental Agreement shall have two original copies, with each Party A and Party B holding one copy.
Party A: (Seal) | Party B: (Seal) | |
Seal of Zhejiang Hailiang Education Group Ltd. affixed | Seal of Zhuji Private High School affixed | |
Date: June 30, 2012 | Date: June 30, 2012 |