China-Beijing-Zhong Liang Square-8 Jianguomennai Street Lease - Beijing Zhong Liang Square Development Co. Ltd. and Shanghai Linktone Consulting Co.
SUMMARY OF LEASE AGREEMENT, EFFECTIVE JANUARY 29, 2003 BETWEEN SHANGHAI LINKTONE
CONSULTING CO., LTD. AND BEIJING ZHONG LIANG SQUARE DEVELOPMENT CO., LTD.
Contracting Parties
Party A: (the Lessor): Beijing Zhong Liang Square Development Co. Ltd.
Party B: (the Tenant): Shanghai Linktone Consulting Co.
Date of Signing
14th February, 2003
Property Description
Location: Rm.17, 11/F Building B, No.8 Jianguomennai Street,
Zhong Liang Square, Beijing, P R China
Square footage: 52 m(2)
Type: office space
Term of Lease
Effective date: 29th January, 2003
Termination date: 28th January, 2005
Rent Amount
US$ 1,326.00 per month
Major Obligations of either party
Obligations of Party A:
- Party A shall warrant the normal connection of the water, electricity,
heating, telephone and other facilities, to keep the construction,
walls, roof, drainage and wires in good and appropriate condition, to
keep systems of heating, air-conditioning, power and fireproofing
facilities and other facilities of the tenement in normal working
condition and safe and appropriate for the purpose of lease.
- Party A is responsible for the maintenance of basic facilities
including public
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facilities and public part of the tenement, and should carry out
maintenance on Party B's request in its area within 10 days after
receiving Party B's maintenance request.
- Party A shall be liable for the injury and property loss of Party B and
of its employees and clients occurring due to the delay of repairing
any damages of the basic facility and the public facilities, public
part and public equipment in connection with the tenement within 10
days after receiving Party B's notice. Party A has the right to enter
into the tenement to perform regular or temporary inspection and
maintenance.
- Party A warrants that it is the lawful owner of the tenement and has
the right to lease the tenement.
- Party A shall inform Party B timely if Party A transfers the whole or
part of the tenement to any third party and this Contract shall
continue to be valid.
Obligations of Party B:
- Party B is responsible to pay the rent, management fee and deposit of
the rent and management fee subject to the provisions of this Contract.
- Party B shall repair the damage caused by Party B's incorrect use,
management and maintenance and pay the relevant fees, or notify Party A
or the tenement management company to repair and pay the relevant fees
and compensation.
- Without written consents of Party A and the tenement management
company, neither shall Party B shall neither alter the construction of
the tenement nor move or remove the or equipment discretionarily. The
renovation of the tenement should be on the basis that there shall be
no damage to the general construction and facilities of the tenement.
- Party B shall be liable for settlement of disputes regarding loss of
others' properties and injury caused by incorrect use, management and
maintenance of the tenement, and should pay the consequent
compensation.
- Without Party A's written consent, Party B shall not assign, sub-let or
allow a third party to jointly use through other ways the tenement. The
obligations of Party B will not be reduced or released due to its
assignment, sub-let or joint use.
Termination Events
Party A has the right to terminate this Contract unilaterally, if Party B:
- breaches the laws and regulations of P R China, and is involved in any
illegal business;
- discretionarily alters the rental usage or operates the business except
the business described in of this Contract;
- does not pay the rent and management fee, or does not pay the deposit
of the rent and management fee, or does not pay fine on schedule or
other fees prescribed under this Contract when passed due for 7 days;
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- without Party A's consent in writing, assigns, sub-lets or allows a
third party to use the tenement or jointly use with a third party
discretionarily.
Security deposit or other refundable or non-refundable payments
Management fee: UD$ 234.00 per month
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