Office Lease Agreement
EXHIBIT 10.5
| Lessor (Party A): | Xxxx Xxxx Feng |
| ID Number/License Number: | 000000000000000000 |
| Legal Representative: | ID of Legal representative: |
| Address: | Phone number: 0000000000 |
| Tenantry (Party B): | Xxxx Xxxx Starlight Supply Chain Management Ltd. |
| ID Number/License Number: | 914403003591871589 |
| Legal Representative: | ID of Legal representative: |
| Address: | Phone number: 00000000000 18948340582 |
| Agent: |
The Three party agrees with this lease agreement and agrees to all the terms as follow:
| 1. | Lease property |
Party A has a place which is located in Fu Tian District Cai Tian Road, Xxx Xx Century building A Room 805, 806 , exterior construction space is approximately 116.48 square meters, the leasing premise is in decent condition for rental purpose.
| 2. | Leasing purpose |
The premises will be used as an office space which party B cannot change the nature of the premises on its own.
| 3. | Leasing Date |
| a) | Leasing period will be one year, from April,11, 2016 to April,10 2017. Party A shall get the space ready on March,30,2016 for Party B. |
| b) | When the lease is up, Party A has rights to claim the premises back and Party B should get the space ready to return to Party A. If Party B wants to continue leasing the space, party B should give Party A one month notice. If both parties have mutual agreement, they should sign a new leasing agreement. |
If Party A wish to lease or sell the premises, Party B shall have priority rental and purchasing rights.
| 4. | Rent |
| a) | The monthly rent is 21,500 RMB. |
| b) | The rent shall be paid on the 5th of each month to party A, within 3 days upon the signing, Party B should pay one month rent , Party A should provide a receipt for it. |
| C) | Party B pay the rent by wire transfer, Account name: Xxxx Xxxx Feng |
Account number: 0000 0000 0000 0000
Name of the bank: china merchants bank
| 5. | Deposit |
| a) | Upon 3 days of the signing, Party B shall pay Party A two months rent as deposit which is 43000 RMB, Party A should provide receipt for it. |
| b) | When the lease is up , if party B don’t want to continue leasing the space, the deposit should reimburse to Party B without charging interests. |
| c) | If Party B didn’t pay rent or other utilities on time, Party A has rights to use the deposit to pay the debt, if the deposit exceeded the debt, Party B should pay the amount due within five days upon receive the notice. |
| 6. | Utility payment |
During the leasing period, the build’s management fee, cleaning xxxx, water xxxx, electricity, gas and phone xxxx shall be paid by Party B.
| 7. | Each party’s responsibilities and duties |
| a) | Party A has duty to make the space available for Party B, and guarantee all facilities remain in good condition. If the premises have delayed the handover, Party B has rights to reduce the delayed days rent. |
| b) | During the leasing period, Party B has responsibility to make sure everything is safe and sound. All the facilities maintenance is Party B’s responsibility, unless there are amendment terms conclude in this agreement for other arrangement. |
| c) | During the leasing period, if Party A wishes to sell the premises, Party A needs to give Party B one-month notice, Under the same term, Party B shall have the purchasing priority rights. |
| d) | During the leasing period, Party B cannot change the structure or the application of the space, it cannot store illegal stuff like drugs, explosives or flammable material; it can’t not conduct illegal actives, if Party B breach any of the above actives, Party A has rights to terminate the lease and evict the tenant. If any damage has been done, Party B has responsibility to compensate Party A for the damage. |
| e) | Party B has duty to protect the premises and its facilities, if any of them are broken or damaged, Party B has duty to repair or compensate to it. |
| f) | Party B has to pay the rent and other utility bills on time, if over 10 days delay for the rent payment or management fee, water or electricity xxxx, Party A has rights to terminate the agreement and evict the tenant. Party B will need to unconditionally leave the premises and take full responsibilities and compensate Party A for all the financial loss. |
| g) | When the lease is up , Party B should return the premises. If Party B breach the promises, Party A has rights to charge Party B on the daily basis for the delay. |
| 8. | Breaching the agreement |
| a) | If Party A doesn’t hold the legal rights and disposition for the premises, which cause early termination of the agreement or evict out of the premises, Party A should pay Party B double amount deposit as compensation. |
| b) | If Party B didn’t follow through the lease and caused early termination of the agreement, Party A has rights to keep the deposit and has rights to lease to another tenant. |
| 9. | Agent fee |
The real estate agent has facilitated the deal for Party A and Party B, upon signing party A pay 10,750RMB to the agent as service fee; Party B pay 10,750 RMB to the agent as service fee.
| 10. | Party A and Party B both needs to keep the agreement confidential, without notifying the other party, either of the party has rights to reveal the information in this agreement. |
| 11. | This agreement is in accordance of the law in People Republic of China, if any dispute occur, which cannot solve unanimously, either of the party has rights to file a claim against the other in court. |
| 12. | This agreement holds three copies, agent, Party A, Party B, the copied agreement hold legal power. |
| 13. | Miscellanea: |
| Signature | /s/ Xxxx Xxxx Feng | /s/ Xxxx Xxxx Starlight Supply Chain Management Ltd. |
Date March 30, 2016
