LEASE AGREEMENT
EXHIBIT
10.21
Lessor:
(hereinafter referred to as party A) Xxx Xxxx
Lessee:
(hereinafter referred to as party B) Shandong Jiajia
International & Forwarding Co., Ltd. Shanghai Branch
Party A
and Party B have reached an agreement through friendly consultation to conclude
the following contract.
Article
1. Leased Premises
The
leased premises are specified as follows: office area of 7,008 square feet
located at Gutai Binjiang Mansion Suite 2301, 2302 and 2306, 000 X. Xxxxxxxxx
Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxxx.
Articles
2. Lease Term
The Lease
Agreement shall be effective for one year, commencing from June 1, 2009 and
ending on May 31, 2010. When the term expires, Party B has the priority over
other rental applicants to renew the lease. Party A has right to terminate
contract and take back premises in the following circumstances:
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(1)
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Party
B sublease, transfer, or lend the premises without permission of Party
A
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(2)
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Party
B uses the premises to conduct illegal activities and do harm to
public
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(3)
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Party
B falls behind with rent accumulatively for two
months.
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Articles
3. Rent
The rent
is RMB 25,000 for each month. The total rent for one year is
RMB300,000.
Article
4. Monthly Property Management Fee: RMB11718.54
The
Lessee pays on monthly basis the following expenses: Electricity, Water and
cleaning service.
Article
5. Payment Method
Party B
should pay the rent biannually.
Article
6. Obligations of Party A
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1)
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Party
A should guarantee the lease right of the premises of Party B. Party A
should not rent the same premises to a third party.
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2)
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Party
A should coordinate with Property Management Services of the building to
ensure Party B has access to the premises and property management services
during the lease term.
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3)
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Party
A should pay for maintenance fee, and other related
fees.
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Article
7. Obligations of Party B
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1)
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Party
B should pay Party A the rents on time.
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2)
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Party
B should not transfer the lease of the premises or sublet it without Party
A's written approval.
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3)
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Party
B is responsible for interior decoration and bears the related
cost.
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4)
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Party
B should take good care of the premises. Party B will be responsible to
compensate any damages of the premises and attached facilities caused by
its fault and negligence.
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5)
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Party
B will use the premises only for the purpose of office operation. Party B
should not conduct illegal activities in the rented
premises.
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6)
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Party
B must maintain the good condition of the premises by expiration of the
lease. After Party A has completed the status check, the premises should
return to Party A.
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7)
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Party
B should give written notice to Party A two months in advance in order to
terminate the contract on an earlier date, renew the lease, or terminate
the lease on the expiration date. With approval from Party A, both parties
should prepare the related paperwork accordingly.
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8)
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Party
B can install the company plate in the premises at its own
cost.
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1
Article
8. Exemptions
Either
party is exempt from the responsibility to compensate the loss of the other
party when it fails to perform the obligations due to force
majeure.
Article
9. Deposit Refund
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1)
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After
the lease is signed by Party B, Party A is not obligated to return any
deposit.
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2)
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In
case Party B wants to terminate the lease within 8 months, Party A has the
right to render deposit as the lease termination
fee.
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Article
10. Miscellaneous
There are
2 originals of this contract. Each party will hold 1 original(s). The two
original copies are equally valid.
Both
parties will solve the issues not addressed in the lease through friendly
consultation. In case an agreement cannot be reached, any party may summit the
dispute to Shanghai Arbitration Commission for arbitration.
Party A:
Xxx Xxxx
/s/ Xxx
Xxxx
(Signature)
Party B:
Shandong Jiajia International & Forwarding Company. Ltd. Shanghai
Branch
(Company
Stamp)
2
