exhibit 10. 3 [ translated version ] original shanghai assignment agreement for use right of state - owned land ( medical treatment & sanitation ) hu - jia - fang - di ( 2005 ) assignment agreement no. 59 shanghai jiading district housing and land administrative bureau 16 may 2005 1 shanghai assignment agreement for use right of state - owned land assignor : shanghai jiading district housing and land administrative bureau ( hereinafter referred to as “ party a ” ) legal representative : xu bing yan assignee : shanghai dean hospital ( hereinafter referred to as “ party b ” ) legal representative : eric g. carter this agreement is entered into by and between party a and party b in accordance with law of administration of land of the prc ( hereinafter referred to as “ land law ” ), provisional rules for assignment and transfer of the use right of state - owned land in cities and towns of the prc ( hereinafter referred to as “ provisional rules ” ), measures concerning assignment of use right of land of shanghai ( hereinafter referred to as “ measures ” ) and the official document hu - jia - fu - tu ( 2005 ) no. 86. article 1 party a shall assign to party b on “ as is ” basis the land plot which is located to the west of moyu northern road, jiading district, shanghai. the land plot area covers 90711 square meters. the area, location and four direction scope of the land plot are illustrated in the attached drawings, which has been signed and confirmed by both parties. party b obtains the use right for fifty ( 50 ) years to the land plot with a consideration of the price usd 816, 399 ( eight hundred and sixteen thousand three hundred and ninety nine us dollars ) as land premiums for the land use right. party a agrees that party b can pay the land premiums in rmb and the exchange rate between rmb and usd shall be the market exchange rate of rmb at the end of the prior month published by state administration of foreign exchange ( the middle exchange rate of 1usd / rmb ). party b shall pay the land use fee ( rmb 1 yuan per 1 square meter ) to shanghai jiading district housing and land administrative bureau each year during the term of the land use. article 2 party b shall pay usd 200, 000 ( two hundred thousand us dollars ) as the deposit to perform the agreement to shanghai housing and land administrative bureau within thirty (