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Summary of He Qiao Building Lease Agreement, Effective November 28, 2003, Between Beijing Heqiao Property Administration Company and Mtone Wireless Communication (Shanghai) Co., Ltd Beijing Branch
Lessor (Party A): Beijing Heqiao Property Administration Company
Lessee (party B): Mtone Wireless Communication (Shanghai) Co., Ltd Beijing Branch
Date of Signing
November 28, 2003
Property Description
Location: Room 506-507, Floor 5, He Qiao Building A, Guang Hua Lu Jia No. 8
Square footage: 274.97 m2 in architectural area
Type: office space
Term of Lease
Effective Period: from January 1, 2004 to December 31, 2005 (2 years)
Extension: Party A and Party B may reach the extension of the agreement for one year only at 3 months before the expiration.
Rental Use
Office use
Rent Amount
US $ 3,574.61 per month in total.
Major Obligations of Either Party
Party A shall:
| 1. | maintain the current furnishings of the leased rooms from the first renting day |
| 2. | be liable to provide central air-conditioning during the normal office time; |
| 3. | be liable for keeping the facilities in good and appropriate condition; |
| 4. | be liable for the sanitation of public areas; |
| 5. | notify Party B in writing at least one month in advance before modifying or terminating the administration regulations, outfitting regulations and other necessary regulations |
Party B shall:
| 1. | be liable for the payment of relevant fees and deposit under the terms and conditions of this contract; |
| 2. | keep the leased rooms in good condition except for normal depreciation, wear and tear; |
| 3. | use the tenement only for office use; |
| 4. | observe Lessee Handbook, Outfitting Handbook and the Lessee Handbook Implementing Rules and Outfitting Handbook Implementing Rules given by Party A |
Termination Events
Party A may terminate the contract, keeping the deposit, provided any of the following events occur caused by Party B:
| (1) | Operating illegal business which against PRC laws and regulations; |
| (2) | Changing the leasehold’s usage without the approval of Party A, |
| (3) | Dose not operate the leasehold under the name of or on behalf of Party B (except Party B’s subsidiaries) without Party A’s approval, |
| (4) | Conveying or subleasing the leasehold totally or partially to any third party or using the leasehold with any third party (except Party B’s subsidiaries) without Party A’s approval |
Security deposit and other refundable or non-refundable payment
| 1. | Deposit: US$ 13,611 (consisting of 3 months’ rent plus 3 months’ management fee) |
| 2. | Management fees: US$ 3.5 per square meter per month |
| 3. | Electricity fees: RMB 1 Yuan per kwh |
| 4. | Telephone fees: RMB 6000 Yuan per line, and its service fees is RMB 120 Yuan per line |
| 5. | Other fees for energy and car park (if applicable) |
Dispute Resolution
The parties have agreed to present all their disputes to Beijing Arbitration Committee.
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