SHENZHEN CITY REAL ESTATE LEASING AGREEMENT
COPY RIGHT BY DEPARTMENT OF URBAN PLANNING AND LAND RESOURCE, SHENZHEN CITY
REAL ESTATE LEASING AGREEMENT
Leaser: Shenzhen Wondial communication Technology Ltd. Company
Address: No. 29 Nan Shan Road
Nan Shan High-tech Industrial Park, ShenZhen, China
Zip: 518057
Agency:
Address:
Zip:
Renter: Shanghai Sheng Bang Inspection Limited, ShenZhen Division
Address: 2/F ShuTaik Building
Ba Lin Hui Rd, FuTian District, ShenZhen, China
Zip: 518029
ID Number:
Agency:
Address:
Zip:
According to the contract Law of People Republic of China, Real estate
management Law of People Republic of China and Real Estate of ShenZhen economic
Zoom, Leaser and Renter agreement to make this contract.
Clause 1 Leaser will rent the No.29 Keji South Road, Unit 1 and Unit 2,
NanShan District to Renter. The Square foot of total is 3895.35,
total is 3 floors.
Leaser: Shenzhen Wondial communication Technology Ltd. Company Real
Estate Certificate or the ownership/ the other effective
certificates, codes: ShenNan Chen Dang Yan Zi The useless of space:
Office and Operation
Clause 2 The rent fee for each unit, each square foot and each month will
account by RMB 146679.5.
Clause 3 The renter will pay the deposit before 09/15/2003, total amount will
be RMB146679.5.
Clause 4 The renter will pay the leasing fee by fifth of each Month, when the
leaser get the pay check, he/she would give the effective receipt.
Clause 5 The renter has the right to use the space from 09/16/2003 to
11/15/2006. The above contract can't beyond usage of the property,
it is not become effective for the beyond part. If it causes any
damage, both parties have contract, otherwise the leaser must take
care of that.
Clause 6 Leaser should rent this space through the legal perspective. The
renter must use the space by legal usage, no right to change to
another usage.
If Renter wants to change the usage, it must be approved by Leaser.
And also under some of regulations and rules, Renter should apply
change the usage, after approval he can change the usage according
his application file.
Clause 7 The Leaser will rent the space to renter by 09/15/2003, at same time
all law regulations will be done. If Leaser can't provide the space
to renter according to the contract timing, renter can ask to extend
this contract. And also both parties should report to registration
department.
Clause 8 When the leaser release the property, both parties should confirm
the subsidiary facilities and current condition, it will explain at
the attachment.
Clause 9 When the leaser releases the property, leaser can get the rental fee
no more than three months deposit, total is RMB293359.
When the renter pays the deposit, the leaser will give the receipt.
The condition for leaser to return the deposit to renter:
1. After discussion to cancel the contract
2. During the rent period, renter doesn't make the damage to the
facility.
3. Renter pay the rent fee every month
It includes all three items above. One of the situations happen, leaser can
refuse to pay the deposit back to renter:
1. Renter doesn't pay the rent by monthly.
2. During the rent period, renter makes the huge damage to the
facility, it might not fixable.
Clause 10 during the leasing, leaser should pay the expenditure fee of
property usage, and tax of the property usage, management fee of
property usage, renter will on time to pay the utility fees, such as
power, water, management fees.
Clause 11 The Leaser must make sure that the rental agreement of the real
estate and the subsidiary facilities must fulfill its usage
objective, and guarantee its safety according to the law
regulations. If the Renter suffered physical injury or property loss
due to the carelessness of the Leaser, the Renter has the right to
obtain compensation from the Leaser.
Clause 12 The Renter must not involve any illegal activities within the
property, and the Leaser cannot interrupt any legal activities that
are carried out by the Renter.
Clause 13 During the lease period, if there are damaged property or
malfunction facilities that are not the Renter responsibility, the
Renter must inform the Leaser immediately so that restoration or
repair will be carried out and avoid bigger problem. The Leaser must
restore or repair the report damaged property or malfunction
facilities within 2 days, or ask the Renter to fix it. If the Renter
cannot contact the Leaser, or the Leaser cannot fix the problems
within 2 days, the Renter is authorized to fix the problems
according to the contract.
If the damaged property or malfunction facilities are considered
emergency, the Renter must fix the problem for the Leaser right
away, and inform the Leaser about the situation.
The two restoration and repair expenses above (include the expenses
spend on restoration and repair to avoid bigger problem) is paid by
the Leaser. If there are damaged property or malfunction facilities
and the Renter does not carry out the duties mentioned above, does
not inform the Leaser immediately, or does not carry out an
effective way to avoid the problems, the Renter has to bear the
responsibility and pay the restoration or repair expenses.
Clause 14 If there are damaged property or malfunction facilities due to the
wrongful use of the Renter, the renter must inform the Leaser
immediately and is responsible for the restoration and repair. If
the Renter refuses to carry out the restoration or repair, the
Leaser will have to do the fixing according to the memorandum in the
contract, and the Renter has to pay all the expenses.
Clause 15 During the lease period, any restoration, expansion, or redecoration
of the property must be agreed and signed on a new agreement by both
parties.
All changes in the agreement must be approved by the authorities.
Clause 16
( ) During the lease period, the Renter can sublet partial or the
whole property to third party, and finish the application procedures
in the Leaser management department. The sub lease period must not
be longer than the original lease period.
( ) The Renter cannot sub let partial or whole property to third
party. During the lease period, if the Leaser approves, the Renter
can sub let partial or whole property to third party by finishing
the application procedures in the Leaser management department.
However, the sub lease contract cannot be longer than the original
leaser period.
( ) During the lease period, the Renter is not allowed to sub let
partial or whole property to third party.
(There are three selections above, put a "v" mark on the selected
one, which is also agreed by both parties)
Clause 17 During the lease period, if the Leaser wants to sell partial or
whole property, the Leaser has to inform the Renter in a written
form letter a month before. The Renter has the initiative right to
buy the property.
If the Leaser sold the property to third party, the Leaser is
responsible to inform or guarantee the buyer to carry out this
initial agreement lease.
Clause 18 During the lease period, the contract can be changed or terminated
if any of the following situations happen:
(1) Any unsolved problems that cause break off of the contract;
(2) The government wants to use, buy, recall, or tear down the
property;
(3) Both the Leaser and Renter reach an agreement.
Clause 19 If happen any of the following situations, the Leaser can
(V) Ask for compensation from the Renter
(X) Refuse to return the deposits
(X) The Renter agreed to pay --- amount.
(There are three selections above, put a "v" mark on the selected
one, which is also agreed by both parties)
Situations:
(1) the Renter owe the rental more than 15 days (half month);
(2) the Renter owe the expenses that cause the loss of the Leaser
of ____ amount;
(3) the Renter carry out illegal activities in the property,
damaged the facilities or cause the loss of other people;
(4) the Renter changes the construction without approval by the
Leaser or authorities;
(5) The Renter violates the Clause 14 in this agreement, refuse to
bear the responsibility of restoration/repair, or refuse to
pay the expenses, and cause serious damaged property or
malfunction facilities.
(6) the Renter restore or redecorate the property without approval
by the Leaser or authorities
(7) the Renter sub let the property to third party without
approval by the Leaser
The Leaser can ask for compensation or change/terminate the contract
agreement if any of the above situations happen.
Clause 20 if any of the following situations happens, the Renter can
(V) Request fine or penalty
(X) Request fine or penalty that is doubling the deposits
(X) Leaser pays fine or penalty for ____ amount (Yuen)
(There are three selections above, put a "v" mark on the selected
one, which is also agreed by both parties)
(1) Leaser delay the property releasing for more than 15 days
(half month);
(2) Leaser break the Clause 11
(3) Leaser break the Clause 13
(4) Leaser restore, redecorate or expand the property without
approval by the Renter and authorities
The Renter can ask for compensation and change or terminate (the
Renter must inform the Leaser in a written form after receiving the
compensation and return the property to the Leaser) the contract
agreement if any of the above situations happen.
Clause 21 When the contract is ended, Renter shall move out the rental
property within 10 days since the day the contract is ended. In
addition, Renter shall insure that the rental property and its
subsidiary facilities are as good as they were (except the
depreciation parts). Furthermore, Renter shall pay all necessary
closing or ending contract expenditures that are belong to Renter.
If Renter cannot move out of rental property within days that
specified in the paragraph one of Clause 1, Leaser has the legal
right to collect the rental property back and request a fine which
is doubling the original rent from Renter.
Clause 22 If Renter will renew the contract after it is ended, Renter shall
notify Leaser 1 month before this contract is ended; In addition,
the current Renter in this contract has the priority to renew the
contract.
Both parties shall re-establish the contract if they want to renew
this current contract, and they shall re-register the new contract
to legal bureau.
Clause 23 Both parties shall practice in faith carrying out this agreement.
Each party shall have the obligation to insure fulfillment of each
clause in this agreement, or they will be responsible for breaking
any clause in this agreement.
Clause 24 Any additional clause that is not in this agreement, both parties
shall settle it and attach it in the attachment page of this
agreement, and this attachment is also a legal part of this
agreement once both parties sign and stamp on this attachment(s) and
on this agreement.
Clause 25 Any dispute that is resulted by this agreement shall be solved by
negotiation between both parties. Any dispute that cannot be solved
by negotiation, it shall transfer to legal bureau for settlement. If
this still cannot be solved, then this dispute shall transfer to
following bureau for arbitration:
[_] Shenzhen Arbitration Committee
[_] China International Economic Trade Arbitration Committee,
[_] Shenzhen district.
Courts
Clause 26 This agreement will be effective as it is signed by both parties.
Both parties shall register to related legal bureau within 10 days
since the date this agreement is signed.
Clause 27 The formal copy of this agreement is Chinese version.
Clause 28 This agreement has 3 original copies, one copy for Leaser, one copy
for Renter, and one copy for contract registration bureau.
(Attachment one)
1. Leaser lease the following rental property to Renter:
The portion of 1st floor, and 2nd, and 6th floor
Shenzhen High-tech Industrial Park
Shenzhen Blvd, Shenzhen, P.R. China
Whereas the total rental size is 3895.35 square feet (1st floor has
748.45 square feet, 2nd floor has 1573.45 square feet, and 6th floor
has 1573.45 square feet). The rent also includes property management
expenditure, air-conditioning maintenance expenditure, and lifter
expenditure.
2. By signing this agreement, Renter shall pay Leaser deposit which is
equal to Renter's two-months rent.
3. The Leaser allows the Renter to have two months of restoration
period (September 16, 2003 to November 15, 2003). The Renter does
not have to pay the Rental during the restoration period.
4. The Leaser agrees not to reconstruct or remodel the current rental
property. If for any reason the Leaser has to reconstruct the
property and causing the Renter to be unable to work or work
normally, the Leaser has to bear the responsibility.
5. If the Renter need to use another power supply, both parties have to
agree and sign another agreement
6. All clauses within the appendix are as effective as the agreement.