China-Shanghai-Huangpu District-18 Tibet Road Lease - Shanghai Ganglu Real Estate Development Co. Ltd. and Shanghai Linktone Consulting Co. Ltd.
SUMMARY OF LEASE AGREEMENT, EFFECTIVE JANUARY 15, 2003, BETWEEN SHANGHAI
LINKTONE CONSULTING CO., LTD. AND SHANGHAI GANGLU REAL ESTATE DEVELOPMENT CO.,
LTD.
Contracting Parties
Party A: Shanghai Ganglu Real Estate Development Co., Ltd.
Party B: Shanghai Linktone Consulting Co., Ltd.
Property Description
Location: Rm. 601-602, 18 Tibet Road Central Huangpu District, Shanghai
City
Square footage: 896.17 m2 in architectural area
Type: Half floor of office space
Term of Lease
Effective Period: From 15/01/2003 to 14/01/2005 (2 years)
Relet: Party B shall request the extension of the agreement at 3 months before
the expiration and enter into a new agreement with Party A subject to its
consent.
Rental Use
Office use
Rent Amount
$0.25 per square meter per day and $6814.63 per month in total
Major Obligations of either party
Party A shall:
- be required to pay as damages three times the monthly rent if it does
not deliver the tenement 30 days after the request of Party B;
Party B shall:
- return the tenement on time and be subject to daily cost of USD0.5/m2
for each overdue day; and
- not alter the use of the tenement provided in the agreement which leads
to the damage of tenement and be required to pay as damages three times
the monthly rent for such breach.
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Security deposit and other refundable or non-refundable payment
Management fees, water, gas, electricity, communication fees will paid by Party
B.