Lease Agreement for Rental of Office Premises
1. Premises: Xxxx X & X, 00xx Xxxxx, 000 Xxxx Xxxx Road, Shanghai
2. Size of Premises: 646 Square Meters
3. Lease terms: From April 25th, 2000 to April 24th, 2008
4. Rental Costs (not including management fee)
1RMB/day per square meter for the first 2 years. Total monthly rent for
initial 2 years is 1 x 646 x 365/12 = RMB 19,649
The rental per day is to be raised to 1.1RMB for the next 3 years. The
total rental each month for the next 3 years is 1.1 x 646 x 365/12 = RMB
21,614
The rental per day for the last 3 years is to be raised by another 10% to
1.21RMB. Total monthly rental for final 3 years is 1.21 x 646 x 365/12 =
RMB 23,775
5. Deposit
An amount equal to two months of rent as a deposit from the date of signing
2 x 19,649 = RMB 39,298
Signed by the Tenant Signed by the Landlord
Xu Gui Zhi, Representative Gao Ai Fen, Representative
Shenzhen Xxxxx Electronic Network Shanghai Subway Enterprise Co.,Ltd.
Systems Co., Ltd.
April 25, 2000
