Unofficial Translation Leasing Contract
Exhibit
10.18
Unofficial
Translation
Leasing
Contract
Lessor
(hereinafter referred to as Party A): X X X Xxxx I D. N o: 0000 000 0000 00 00
00 3
Address:
Telephone
Number:
Lessee
(hereinafter referred to as Party B): Harbin Queen Beauty Demonstration
Center
ID.
No:
Address:
Telephone
Number:
I. For the
purpose of Party B's operation, Party A will lease to Party B his premise which
is located at Xx.000 Xxxxxxxx Xxxxxx, Xxxxxx Xxxxxxxx, Harbin (construction
area: 600 square meters).
II. The
leasing term commenced from January 1, 2007 until December 31, 2011. (i .e.
[ ]
months)
III. The
rent of this premise shall be 12,500 RMB per month. Party B shall pay total
amount of 150,000 RMB to Party A every twelve months. Such annual rental shall
be paid before day of each month. And Party A shall issue receipt or invoice to
Party B.
IV. Upon the
execution of this contract, Party B shall pay RMB to party A as the guarantee
for the performance of this contract.
Party B
shall also pay RMB to party A as the deposit to secure the performance
and the properties inside this premise. Such guarantee and deposit will be
returned to Party B upon the termination of this contract.
V. During
the leasing term, Party B shall be responsible for the payment of property tax,
business tax or additional tax, personal income tax, l and-use tax, rental
management fees related to this premise. Moreover, Party B shall pay the
telephone communication fees, security fees, water and electricity fees, health
fees, elevator fees and housing management fees.
VI. Party
B shall pay the rent in accordance with this contract. In case the payment of
rent is
overdue, the daily liquidation damage for overdue shall be 5% of monthly rental.
In case the rental is days overdue, Party A shall be entitled to take back this
premise and refuse to return the guarantee.
VII.
Party A shall be responsible for the quality and maintenance of this premise,
and Party B shall not change the structure or usage of this premise at its own
decision. In case this premise and attached facilities or relevant properties
were destroyed due to Party B's willful conduct or negligence, Party B shall be
responsible for the reconstruction or the compensation payment.
VIII. I n
case Party A wants to take back this premise during the leasing term, Party A
shall give one month's prior written notice to Party B. Party A shall also
return double guarantee to Party B. I n case Party B wants to terminate this
contract, Party B shall issue one month's prior written notice to Party A. And
Party B shall not require Party
A to
return the guarantee.
IX.
During the leasing term, Party B shall not sublease this premise to any third
party without Party A's approval. Upon the expiration or termination of this
contract, Party
B shall
return this premise to Party A after the payment of all the relevant fees.
Within one month before the contract expires, Party B will notify Party A if it
intends to extend the lease. In case the leasing term expires and Party B dose
not intend to extend such term, Party A shall be entitled to take back this
premise.
X. Parties
shall strive to settle any disputes arising from the performance of this
contract through negotiation. In case no settlement can be reached through
negotiation, such dispute can be settled through mediation in administrative
authority, as well as litigation in People’s Court.
XI. This
contract shall be effective after duly execution. There are three originals of
this contract. Each party will hold one original. And the agent will hold one
original. Parties can supply this contract through negotiation. All the
supplemental agreements shall have the same legal effect.
The
Appendix：
Indoor Property list
Lessor
(or authorized agent): XXX Xxxx
Signature
(chop):
/s/ Xxxx Xxx
Lessee
(or authorized agent): Harbin Queen Beauty Demonstration Center
Signature
(chop):
/s/ Xxxx Xxx
This
contract is executed on January 1, 2007.
