City Gao Xin District Dormitory Facilities Lease Contract
XXXXXXX
0.00
Xxxx
Xxx Xxx
Xxxxxxxx Xxxxxxxxx Facilities Lease Contract
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Party
A (Lessor)
|
: |
He
Yuan City Advanced Technological Development District Co.
Ltd.
|
|
Address
|
: |
He
Yuan City, Advanced Technological Development Office
|
|
Party
B (Tenant)
|
: |
Hi-Lite
Camera Co Ltd
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According
to <The Contract Law of PRC> and other interrelated laws, rules, both
parties must sign this contract based on equality, free will and
compromise.
Clause
1 : Basic Condition of Building
Party
A’s
building (hereunder called “The Building”) lies in HeYuan City Advanced
Technological
Development District, Xx. 0 Xxxx, Xx. 0 Xxxxxxxx, Xxxxx X (28 rooms); Gross
area
is 1,008 sq.m.
Clause
2 : Use of Building
The
Building is used as Dormitory by Party B. Except agreed by Party A, Party B
cannot change the use of the Building, or transfer, or lend to
others.
Clause
3 : Period of Lease
The
period of lease is from 1st
July
2008
to
31st
May
2009,
totally
ten months.
Clause
4 : Rental Fee
The
monthly rental fee is calculated according to the gross area at RMB8.00
per
sq.m. The monthly rental is RMB8,064.00 (included tax).
Clause
5 : Management Fee Within the Area
The
management fee is calculated based on the rental area of the dormitory at
RMB1.00 per sq.m. per month. The monthly management fee is RMB1,008. The use
of
management fee includes : the garbage cleaning within the industrial area,
the
cleaning service for the public area, the green environmental maintenance fee
and the maintenance of public facilities.
Clause
6 : Payment Term
| 1. |
When
the Contract is in effective, Party B has to pay three month’s rental fee,
total of RMB23,179.95 as deposit. Party B is required to pay the
monthly
rental fee RMB8,064.00 Party A on or before 20th
of
each month and monthly management fee to He Xxxx City Xxxx Xxxx Property
Co on or before 20th
of
each month.
|
Clause
7 : Responsibilities of Both Parties
| 1. |
Party
A:
|
|
1.1
|
Party
A is responsible for the installation of electricity and water
supply.
|
|
1.2
|
For
any problem encounter during the rental period, when Party B needs
assistance from Party A, Party A should fully cooperate and try the
greatest effort to solve problems.
|
|
1.3
|
Upon
the expiry of the Contract, Party A should give Party B a preferential
lease right on renewal. If Party B does not intend to renew, both
parties
should sign an agreement on the cancellation of the Contract, Party
B
should return the ‘Building’, then Party A will stop calculating the
rental fee, and refund all deposits to Party B within 3
days.
|
| 2. |
Party
B:
|
|
1.1
|
In
the process of living, Party B must obey the national law, rules,
and the
related government rules within the district area. With any offences,
Party B has to be responsible for all consequences. Party A will
not bear
any legal responsibilities.
|
|
1.2
|
Party
B is required to pay the electricity and water expenses according
to
actual readings from
meter. Party B should pay all electricity and water expenses either
directly to all related
departments or through the management department of Party
A.
|
|
1.3
|
Party
B is required to follow the existing state to use the Building. For
any
alterations or increase on the occupation of area, Party B has to
get
approval from Party A. Meanwhile, Party B should maintain the existing
condition of the premises unchanged and return as an original state
to
Party A at the expiration date of the Contract. If any additional
or
extension of construction works, Party B has to return to Party A
without
of any compensation. When Party B needs to alter or demolish any
parts, it
must follow the related safety standard and regulations set by Government
rules.
|
Clause
8 : Early Termination of Contract
| 1. |
Under
any following of the conditions, Party B may exercise a right to
terminate
the Contract early before the expiration date, without compensation
on any
economic loss caused to Party A, but is required to inform Party
A three
months in advance.
|
|
(1)
|
Stoppage
of operation caused by The Customs and Inspection Departments
etc.
|
|
(2)
|
Any
force majeure caused Party B cannot continue
production.
|
| 2. |
When
Party B has any following of the conditions, Party A may exercise
a right
to terminate the Contract early before the expiration date. Party
B is
required to compensate any economic loss caused to Party
A.
|
| (1) | Unable to pay the rental fee of building for 3 months; |
|
(2)
|
Perform
any illegal activities within the building
area;
|
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(3)
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Damage
the leased building purposely;
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Clause
9 : Other Conditions
| 9.1 |
If
any condition is not completely covered in this Contract, any
supplementary contract signed under
mutual agreement will be considered as equal legal
binding.
|
| 9.2 |
There
are 2 copies of this Contract. Party A and Party B will individually
keep
1 set and all have
equal legal binding. This Contract will be effective after
signature.
|
|
Party
B (with stamp) :
|
|
|
Authorized
Representative (signature) :
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Date:
18th
June
2008
