SUBLET TENANCY AGREEMENT
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This Agreement made the_____day March of, 2005 BETWEEN Trident (Far East) Ltd.
(holder of *Hong Kong Business Registration No._________________) of Xxxxx 0000
Xxxxx Xxxxxx, Xxxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx (hereinafter called "the Lessor")
of the first part and Asia Payment Systems (HK) Ltd. (holder of Business
Registration No._________________) (hereinafter called "the Lessee") of the
second part.
WHEREAS
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(1) The Lessor has agreed to sublet and share usage with the Lessee of THAT
Xxxxx 0000, Xxxxx Xxxxxx, Xxxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx (hereinafter
called "the said premises").
(2) The Lessor and the Lessee agree to the terms and conditions as set out
hereunder.
NOW IT IS HEREBY AGREED AS BELOW:
(1) The Lessor shall sublet and share usage of the said premises with the
Lessee subject to the terms and conditions herein contained.
(2) Rental
Hong Kong Dollars NINE THOUSANDS Only (HK$9,000) per calendar month is
for rent of the said premises inclusive of government rates, management
fees, water charges and electricity charges payable in advance.
Miscellaneous and other outgoings
Hong Kong Dollars ONE THOUSANDS Only (HK$1,000) per calendar month is
for miscellaneous and other outgoings charges payable in advance.
(3) Security Deposit
ONE (1) month's rental and miscellaneous outgoings amounting to Hong Kong
Dollars TEN THOUSAND Only (HK$10,000) payable to the Lessor upon signing
the formal Tenancy Agreement. The Security Deposit shall be returned to the
Lessee on termination of the tenancy without interest.
(4) Lease term
Commencing from 1 March, 2005 to February 28, 2006 with a further option of
one year at such rental as shall be agreed by both parties.
(5) The use of the said premises is restricted to office purpose only.
(6) The Lessee should not sublet the said premises to other parties without the
prior written consent from the Lessor.
(7) This Agreement is subject to the approval by the Landlord of said premise.
(7) This Agreement shall be construed according to the Laws of Hong Kong and
the Courts in Hong Kong shall have the exclusive jurisdiction to adjudge
any dispute hereon.
(8) It is hereby declared by the parties hereto that time is of essence of the
terms and conditions contained in this agreement.
AS WITNESS THE HANDS OF THE PARTIES
HERETO THE DAY AND YEAR FIRST BEFORE WRITTEN
Signed by
For and on behalf of the Lessor
___________________________________
Authorised Signature(s)
Signed by
For and on behalf of the Lessee
___________________________________
Authorised Signature(s)
