Common use of Consulting and Services Fees Clause in Contracts

Consulting and Services Fees. 2.1 Unless otherwise agreed by the both Parties, Party B shall pay to Party A the Consulting and Services Fees annually during the term of this Agreement. The Consulting and Services Fees equal to Party B's net profits of every year, as being defined as the revenues of the year after deduction of operating costs, selling expenses, general and administration expenses, interests expenses and taxes. If one year's net profit is zero, Party B's payment for the Consulting and Services Fees in that year is zero; if Party B suffers losses in one year, all such losses will be carried over to the successive year and deducted from the successive year's Consulting and Services Fees. Party B shall pay the Consulting and Services Fees based on the yearly financial statements. Party B shall make the yearly payment within 30 days after the issuance of the financial statements to Party A. The Consulting and Services Fees shall be paid in RMB deposited by Party B to the bank account designated by Party A, and Party A should issue legal invoice to Party B. 2.2 If Party B fails to pay all or any part of the Consulting and Service Fees due to Party A in RMB under the above-mentioned Article 2.1 within the time period stipulated, Party B shall pay to Party A interest in RMB on the amount overdue based on the three (3) month lending rate for RMB announced by the Bank of China on the associated due date. 2.3 Taxes and expenses arising out of the execution and implementation of this Agreement shall be borne by Parties respectively.

Consulting and Services Fees. 2.1 (a) Unless otherwise agreed by the both Parties, Party B shall pay to Party A the Consulting and Services Fees annually during the term of this Agreement. The Consulting and Services Fees equal to Party B's net profits of every year, as being defined as the revenues of the year after deduction of operating costs, selling expenses, general and administration expenses, interests expenses and taxes. If one year's net profit is zero, Party B's payment for the Consulting and Services Fees in that year is zero; if Party B suffers losses in one year, all such losses will be carried over to the successive year and deducted from the successive year's Consulting and Services Fees. Party B shall pay the Consulting and Services Fees based on the yearly financial statements. Party B shall make the yearly payment within 30 days after the issuance of the financial statements to Party A. The Consulting and Services Fees shall be paid in RMB deposited by Party B to the bank account designated by Party A, and Party A should issue legal invoice to Party B. 2.2 If Party (b) The accumulated fees of Part B fails pays Part A during the effective period of this contract will not be less than the minimum purchase costs of Part A to directly acquire Part B as specified in the Exclusive Option Agreement Article 2. (c) Whenever the agreement terminates with cause or without any cause, the Part B should pay all or any part Part A the amount of the Consulting bigger one among article 2.1(a) and Service Fees due to Party A in RMB under the above-mentioned Article 2.1 within the time period stipulated, Party B shall pay to Party A interest in RMB on the amount overdue based on the three (3) month lending rate for RMB announced by the Bank of China on the associated due datearticle 2.1(b). 2.3 Taxes and expenses arising out of the execution and implementation of this Agreement shall be borne by Parties respectively.