1. If Party B renovates the house due to business needs, it shall not damage the structure and appearance of the house, and the outdoor unit of air conditioner shall not be hung outdoors without authorization and shall be placed at a designated location in the park; if the renovation involves the construction and modification of fire safety, it needs to declare to the relevant management department independently according to national provisions; Party B shall submit a plan to Party A in writing before the renovation, which may be implemented only after Party A gives its consent, otherwise Party B must bear the economic losses caused thereby. Party B needs to comply with the relevant regulations on renovation management formulated by Party A.
2. The elevators, stairs, passages, and other public spaces on this floor shall be shared by all users, and Party B shall not hinder the use of others.
3. Party B shall pay house rent, consultation & technical service fee and other expenses on time.
4. Party B shall comply with other provisions of Party A’s management department.
5. Party B shall strictly abide by the Chinese laws and regulations on the protection of intellectual property rights, and assume the legal liability for any infringement or violation of intellectual property rights independently.
6. When this Contract is terminated, or when Party B leaves the park in advance, Party B must settle the house rent and consultation & technical service fee in a timely manner. Party B shall promise that all items in the office site will not be removed before all expenses have been settled. In the event of forcible removal, Party A shall have the right to interfere. In the event of any losses to Party A, it shall be handled according to Paragraph 3, Article 6.
7. When this Contract is terminated, Party B shall remove all items belonging to Party B in the leased site, including interior renovation and various equipment, and restore the site to its original state at its own expense. If Party B fails to restore the leased site to its original condition, the interior renovation (such as partitions, doors, windows, etc.) shall not be dismantled or damaged.
After the site is returned to Party A, Party A may freely dispose of the items used and left by Party B in the leased site.
8. When this Contract is terminated, if Party B is unable to return the leased site in a timely manner, from the next day after the termination date of the contract until the return date of the leased site, Party B shall pay Party A a liquidated damage equivalent to two times of the monthly rent and other expenses. At the same time, if Party A suffers other losses, Party B shall also pay compensation.
9. When Party B returns the leased site, it shall not require Party A to purchase the interior renovation and various equipment funded by Party B.
10. Party B shall assist Party A in the management work and publicity, education, and cultural activities of the venture park; cooperate on the statistical work of the venture park, and report the relevant statistics of technological enterprise incubator required by the relevant national and local departments to the venture park in a timely manner.
Article 6 If Party B has one of the following circumstances, Party A can terminate the contract, stop the supply of water & electricity and other service guarantees, and recover the house (Party B shall bear and be responsible for all losses caused thereby, including Party B’s renovation, etc.):
1. Party B subleases, transfers, or lends the house arbitrarily;
2. Party B uses the leased house to conduct illegal activities and harm public interests;
3. Party B delays the arrears of rent and consultation & technical service fee for two months (due to Party B’s delay in the arrears of rent, consultation & technical service fee, etc., with the result of causing Party A’s losses, Party B shall agree to Party A’s free disposal of the office furniture, office supplies and other assets left by Party B in the house to cover the arrears owed by Party B, and Party A shall reserve the right to investigate the legal liability of Party B).
[seal:] Taicang Science and Technology Venture Park Co., Ltd. [illegible]
[seal:] Suzhou Connect Biopharmaceuticals, Ltd. 3205851965705
