Lease Agreement for Rental of Office Premises
1. Premises: ▇▇▇▇ ▇ & ▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇ Road, Shanghai
2. Size of Premises: 646 Square Meters
3. Lease terms: From April 25th, 2000 to April 24th, 2008
4. Rental Costs (not including management fee)
1RMB/day per square meter for the first 2 years. Total monthly rent for
initial 2 years is 1 x 646 x 365/12 = RMB 19,649
The rental per day is to be raised to 1.1RMB for the next 3 years. The
total rental each month for the next 3 years is 1.1 x 646 x 365/12 = RMB
21,614
The rental per day for the last 3 years is to be raised by another 10% to
1.21RMB. Total monthly rental for final 3 years is 1.21 x 646 x 365/12 =
RMB 23,775
5. Deposit
An amount equal to two months of rent as a deposit from the date of signing
2 x 19,649 = RMB 39,298
Signed by the Tenant Signed by the Landlord
Xu Gui Zhi, Representative Gao Ai Fen, Representative
Shenzhen ▇▇▇▇▇ Electronic Network Shanghai Subway Enterprise Co.,Ltd.
Systems Co., Ltd.
April 25, 2000
