XXXXXXX 00.0
XxxxxxxXxx Xxxx Xxxx Office Lease Agreement
August 30, 2002
Re: Xxxxx 0000, 00/X., Xxxxxxxxx Century tower, 000 Xxxxxxxxxx Xxxx, Xxxxxxx,
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Hong Kong
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We refer to your interest in leasing of the above property and are please to set
out herewith the terms and conditions which the Landlord would be willing to
offer:-
1. Landlord : Xxxxxx Xxxx Investment Company Limited
2. Tenant : Xxxxxxxxxx.xxx (SE Asia) Limited
3. Premises : Xxxxx 0000, 00/X., Xxxxxxxxx Xxxxxxx Xxxxx
0. Xxxx : 2,146 sq. ft. gross
5. Term of Tenancy : 2 years
6. Commencement Date : 16th September 2002
7.Monthly Rent : Hk$13.00 per sq.ft. gross per calendar month
8. Rent free period : No rent and air-conditioning fee
will be charged for the first three
months and rent free only for the
last one month of the term mentioned
above. However, the rent free period
will not be free of any other
outgoing that Tenant convenant to
pay under the Lease and shall be
paid up in full upon signing of the
Lease Agreement. If the Tenant
commence business, the
air-conditioning charge will become
payable.
9. Option to review : The Tenant shall have an option to
renew the Tenancy for a further term
of one year at the Fair market Rent
by three months' prior written
notice. If both parties cannot meet
the Agreement, the Fair Market Rent
shall be determined by an
independent surveyor.
10. Management Fee : The initial charge for management
fee will be HK$1.50 per square foot
gross per calendar month which sum
shall be subject to review based
upon increase in the costs of
service provided.
11. Air-conditioning : The initial charge for
air-conditioning charge will be
HK$2.00 per sq. ft. gross per
calendar month which sum shall be
subject to review based upon
increase in the costs of supply.
Normal operation hour will be as
follows:-
: Mondays-Fridays 8:30a.m.-6:00p.m.
: Saturdays 8:30a.m.-1:30p.m.
: Sundays & Public Holidays NIL
12. Additional Air-conditioning : The charge for additional
air-conditioning services outside
normal operation hour requested by
the Tenant shall be at such rate as
shall be determined by the Landlord
according to the costs of supply.
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13. Government Rates : Government rates will be charged to
the Tenant's account quarterly in
advance and prior to formal
assessment by Rating and Valuation
Department will be charged at 5 % on
rental payable per month, any
adjustment necessary will be made
upon such formal assessment.
14. Deposit The following deposit shall be
payable by the Tenant:-
1. Upon signing of the Letter of
Offer
a. One month's rent
2. Upon signing of the Lease
a. Two months' rent
b. Three months' management fee
c. Three months'
air-conditioning charge
The deposit may have to be topped-up
by Tenant from time to time such
that it maintains an amount
equivalent to three months' rent,
management fee and air-conditioning
charge.
15. Advance Charges : All payments of rent, management fee
and air-conditioning charges shall
be payable monthly in advance, and
the rates shall be payable quarterly
in advance. The first of such
payments shall be payable upon
signing of the Lease Agreement.
16. User : The use of the premises will be
restricted to office use only.
17. Fitting Out : The Tenant shall not commence any
fitting out works to the said
premises without the prior written
approval by the Landlord of plans
and specifications submitted by the
Tenant.
18. Decoration Deposit : The Tenant shall pay a decoration
deposit in a sum of HK$10,730.00
upon the execution of the Lease. The
decoration deposit will be refunded
after deduction, if any, to the
Tenant after completion of his
fitting out works.
19. Nominated Contractor : All electrical wiring installations
and fitting from the building, meter
room to the Tenant's meter and/or
main MCB switch, all alteration
and/or installation works relation
to plumping and drainage,
air-conditioning structural and fire
services within the premises shall
use the Landlord's nominated
contractors.
20. Cleaning Contractor : The Tenant shall be responsible for
the general cleaning service to the
interior of the demised premises and
to appoint only such cleaning
contractor approved by the Landlord
or to employ his own employee for
the cleaning of the premises.
21. Signage : The Tenant shall not affix or
display within or outside the
premises any writing, sign, poster,
flag or other device notice whether
illuminated or not which may be
visible from outside of the premises
without the prior consent in writing
by the Landlord.
22. Name of Building : The Landlord reserves the right to
name or rename the Building with any
such name or style as it in its
absolute discretion may determine
and at any time and from time to
time to change alter substitute or
abandon any such name provided that
the Landlord shall give the Tenant
and the Postal and other relevant
Government Authorities not less than
three months' notice of its
intention to do so.
23. Sub-Letting : The Tenant shall not assign,
sublet, license or part with
possession of the premises or any
part thereof.
24. Landlord's Provision : The Landlord shall provide fancoil
the material of ceiling tiles,
ceiling grilles, light boxes,
sterling carpet and fancoil units
without installation to the Tenant
in our standard quantities upon the
Tenant's request not later than 15th
November 2002. All materials shall
be picked up at the Landlord's
warehouses at different places.
Should the Tenant request to
delivery all costs will be borne by
the Tenant.
25. Alterations to Building : The Landlord reserves the right from
time to time to improve extend add
to or reduce the common areas and/or
the common facilities of the
Building or any part thereof or in
any manner whatsoever alter or deal
with the Building or any part
thereof (other than the Premises)
Provided always that in exercising
such right the Landlord will
endeavor to cause as little
inconvenience to the Tenant as is
practicable under the circumstances.
26. Legal costs : All costs and expenses of and
incidental to the preparation and
completion of the Tenancy shall be
paid and borne by the parties in
equal share, save that if the Tenant
instruct another firm of solicitors
to act on their behalf other than
Xxxx Xxxx & Company in that event
the Tenant shall pay to the
Landlord's solicitors Xxxx Xxxx &
Company on behalf of the Landlord
the costs of the Tenancy at half
scale charge.
27. Redevlopment : The Tenant hereby agrees that if any
time during the term hereby created
the Landlord shall redevelop the
building by serving 6 months' prior
written notice to the Tenant and the
Tenancy shall cease and be void upon
the expiration of the notice.
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28. Stamp duty : To be shares equally between the
parties.
29. Special Conditions : The premises will be delivered to
the Tenant in "as is" condition and
the Tenant herby declares and
confirms that the existing fittings,
partitions, ceiling and decoration
of the premises will be taken over
and upon earlier determination or
expiration of the Lease, the Tenant
shall upon the Landlord's request
remove at the Tenant's own costs
such fittings, partitions, ceiling
and decoration and restore and
reinstate the Premises to a good and
tenantable condition.
30. Formal Tenancy Agreement : The Tenant shall attend the office
of the Landlord's solicitor on or
before 13th September 2002 to sign a
Formal Tenancy Agreement which shall
be in such terms as the Landlord may
in its absolute discretion determine
and to pay the balance of deposits
and such rentals and other charges
as may be required by the Landlord.
Should the Tenant fail to sign the
Formal Tenancy Agreement or pay the
balance of deposit or any rentals or
charges on or before the date
aforesaid, the Landlord shall be
entitled to forfeit all payments
that have been made by the Tenant
together with the tenancy created
hereunder if any and to re-enter
upon the said premises if the same
have been delivered to the Tenant
without prejudice to any other
rights of the Landlord hereunder or
otherwise.
31. Time Limit : This offer is valid until 4:00p.m.
on 31st August 2002.
Please confirm your acceptance as set out above by signing and returning the
duplicate of this letter together with your cheque in a sum equivalent to one
month's rent by way of initial deposit made payable to "Chinachem Agencies
Limited".
If you wish to discuss this matter in further detail, please do not hesitate to
contact our Gipsy Yung or the undersigned.
Yours faithfully,
For and on behalf of
Chinachem Agencies Limited
/s/ X.X. Xxx
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X.X. Xxx
Manager
Accepted by:
/s/ Xxxx Xxxx
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For and on behalf of XxxxxxxXxx.xxx (SE Asia) Ltd
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