(hereinafter referred to as Party A): Beijing South Palace marketing center
(hereinafter referred to as Party B): Liangfang Pharmaceutical Co.
and Party B have reached an agreement through friendly consultation to conclude
the following contract.
Location of the premises
A will lease to Party B the premises and attached facilities owned by itself
which is located at the east side of the Business Street in the South Palace
Size of the premises
registered size of the leased premises is 194 square meters (Gross size).
lease term will be from Jan (month), 1st
(day), 2006(year) to Dec (month),31st
(day), 2006(year). Party A will clear the premises and provide it to Party
the rental will be 74,220 RMB per year (including management fees and heating
cost).Party B will pay the rental to Party A in the form of
of rental will be one installment every month(s). The first installment will
paid before the date Parties executed this agreement. Each successive
installment will be paid by day of each month. Party B will pay the rental
before using the premises and attached facilities (In case Party B pays the
rental in the form of remittance, the date of remitting will be the day of
payment and the remittance fee will be borne by the remitter.) Party A will
issue a written receipt after receiving the payment .
the rental is more than 7 working days overdue, Party B will pay 0.5 percent
monthly rental as overdue fine every day, if the rental be paid 10 days overdue,
Party B will be deemed to have with drawn from the premises and breach the
contract. In this situation, Party A has the right to take back the premises
take actions against party B’s breach.
Guarantying the safety and good conditions of the premises and attached
facilities and account of relevant fees are settled on schedule during the
term, party B will pay 300—500 RMB to party A as a deposit
before(month)(day)(year). Party A will issue a written receipt after receiving
otherwise provided for by this contract, Party A will return full amount of
deposit without interest on the day when this contract expires and party B
clears the premises and has paid all due rental and other expenses.
case party B breaches this contract, party A has right to deduct the default
fine, compensation for damage or any other expenses from the deposit . In case
the deposit is not sufficient to cover such items, Party B should pay the
insufficiency within ten days after receiving the written notice of payment
Party B can’t normally use the apartment because of Party A , Party A should
return the deposit to Party B at once. And, Party B has the right to ask
compensation from Party A.
Obligations of Party A
A will provide the premises and attached facilities (see the appendix of
furniture list for detail) on schedule to Party B for using.
case the premise and attached facilities are damaged by quality problems,
natural damages or accidents, Party A will be responsible to repair and pay
relevant expenses. If Party A can’t repair the damaged facilities in two weeks
so that Party B can’t use the facilities normally, Party B has the right to
terminate the contract and Party A must return the deposit.
A will guarantee the lease right of the premises. In case of occurrence of
ownership transfer in whole or in part and other accidents affecting the right
of lease by Party B, Party A shall guarantees that the new owner, and other
associated ,third parties shall be bound by the terms of this contract.
Otherwise, Party A will be responsible to compensate party B’s
A must register this contract with the relevant government authority If not
doing so resulting that this contract is invalid or Party B’s right of leasing
may be damaged , Party A should take the all responsibilities. Party A should
also bear the all the relevant taxes.
Obligations of Party B
B will pay the rental and the deposit on time.
B may add new facilities with Party A’s approval. When this contract expires,
Party B may take away the added facilities without changing the good conditions
of the premises for normal use.
B will not transfer the lease of the premises or sublet it without Party A’s
approval and should take good care of the premises. Otherwise, Party B will
responsible to compensate any damages of the premises and attached facilities
caused by its fault and negligence.
B will use the premises lawfully according to this contract without changing
nature of the premises and storing hazardous materials in it. Otherwise, Party
will be responsible for the damages caused by it .
B will bear the cost of utilities such as telephone communications, water,
electricity and gas on time during the lease term.
Termination and dissolution of the contract
one month before the contract expires, Party B will notify Party A if it intends
to extend the lease. In this situation, two parties will discuss matters over
the extension. Under the same terms Party B has the priority to lease the
the lease term expires, Party B will return the premises and attached facilities
to Party A with in days. Any belongings left in it without Party A’s previous
understanding will be deemed to be abandoned by Party B. In this situation,
Party A has the right to dispose of it and Party A will raise no objection.
contract will be effective after being signed by both parties. Any party has
right to terminate this contract without another party’s agreement. Anything not
covered in this contract will be discussed separately by both
of the contract
the lease term, any party who fails to fulfill any article of this contract
without the other party’s understanding will be deemed to breach the contract.
Both parties agree that the default fine will be / RMB. In case the default
is not sufficient to cover the loss suffered by the faultless party, the party
in breach should pay additional compensation to the other party.
parties will solve the disputes arising from execution of the contract or in
connection with the contract through friendly consultation. In case the
agreement cannot be reached, any party may summit the dispute to the court
has the jurisdiction over the matter.
annex is the integral part of this contract. The annex and this contract are
are 2 originals of this contract. Each party will hold 1 original(s).
special terms will be listed bellows: