Common use of Rent, Service Charges and other Payments Clause in Contracts

Rent, Service Charges and other Payments. (a) To pay the Rent to Party A in China in Chinese Renminbi (RMB), the amount of which equals to that of the USD set out in Schedule 1 (the foreign currency exchange rate for converting Chinese Renminbi to U.S. Dollar shall be the middle rate quoted by Bank of China at the date the contract signed) for each year by three (3) installments on (i) 31st of December of the previous year (rent payable during the period from January to April of the coming year); (ii) 30th of April (rent payable during the period from May to August); (iii) 31st of August (rent payable during the period from September to December) of each year of the Term without any deduction, counterclaim or set-off. The first payment shall be made on or before 1st September 2006 in respect of the proportion of Rent due in respect of Stage 1 of the Premises, and on or before 1st September 2007 in respect of the proportion of Rent due in respect of Stage 2 of the Premises. Payment of first and last period of the term shall be the amount equal to the calculation of actual rental days. Party B shall pay the Rent to Party A’s designated bank account in China as notified to Party B from time to time in writing.

Rent, Service Charges and other Payments. (a) To pay the Rent to Party A in China in Chinese US Dollars or in Renminbi (RMB), the amount of which equals to that of the USD set out in Schedule 1 (the foreign currency exchange US$:RMB conversion rate for converting Chinese Renminbi to U.S. Dollar shall be based on the middle medium rate of foreign exchange rates quoted by the Bank of China at on the date the contract signedof payment) for each year by three (3) installments on (i) 31st of December of the previous year (rent payable during the period from January to April of the coming year); (ii) 30th 31st of April (rent payable during the period from May to August); (iii) 31st of August (rent payable during the period from September to December) of each year of the Term without any deduction, counterclaim or set-set off. The first payment of Rent shall be made on or before 1st September 2006 in respect within seven (7) days upon signing of the proportion of Rent due in respect of Stage 1 of standard “Shanghai House Property Lease Agreement” with regards to the Premises, and on or before 1st September 2007 in respect of the proportion of Rent due in respect of Stage Clause 20-2 of the Premises. Payment of first and last period of the term shall be the amount equal to the calculation of actual rental daysthis contract. Party B shall pay the Rent to Party A’s designated bank account in China as notified to Party B from time to time in writing.