Agreement
Exhibit
10.25
Agreement
Party A:
Harbin Shijifeng Entertainment Tec. Co., Ltd Party B: Junlan Jia
Party B: Xxxxxx Xxxxx Beauty Co., Ltd.
In light
that Party A and Xxxxx Hotel of Xxxxxx Xxxxx Business Investment Co., Ltd
entered into a leasing agreement of Xxxxxx Xxxxx Sofetel hotel Spa,
Beauty Salon Leasing Agreement, so as to gained the hotel’s Spa, beauty
area leasing right.
In light
that Party B has great advantages in operating Spa and beauty
salon.
In light
that the 16.4 term under the
Xxxxxx Xxxxx Sofetel hotel Spa, Beauty Salon Leasing Agreement, Harbin
Shijifeng Entertainment Tec. Co., Ltd could transfer all its rights, obligations
and liabilities to its related subsidiaries.
For
better comply with the Xxxxxx
Xxxxx Sofetel hotel Spa, Beauty Salon Leasing Agreement, the two parties
reached into the following agreements :
Party A
needs to pay 500,000 Yuan as deposit to Xxxxx Hotel of Xxxxxx Xxxxx Business
Investment Co., Ltd, then each of the party should pay 250,000 Yuan. Party B
should invest 2,000,000 Yuan into Spa-area decoration.
The
deposit paid by Party B will be returned to Party B in the future, if the one
party’s deposit was deducted for the other party’s reason, the fault party
should compensate the deducting part of the deposit to the non-fault
party.
The
leasing term should be 10 years, will be calculated from Nov. 1,
2007
From the
first year to the third year, Party B should pay 580,000 Yuan as the rental
amount to Xxxxx Hotel of Xxxxxx Xxxxx Business Investment Co., Ltd under the No.
6.2 Clause of the Xxxxxx Xxxxx Sofetel hotel Spa,
Beauty Salon Leasing Agreement, and should also pay 20,000 Yuan to Party
A as the cooperation fees. From the fourth year to the tenth year, except the
rental amount needs to be paid to Xxxxx Hotel of Xxxxxx Xxxxx Business
Investment Co., Ltd, under the
Xxxxxx Xxxxx Sofetel
hotel Spa, Beauty Salon Leasing Agreement, Party B will not need to pay
any charges.
All of
the decoration matters within the Spa area should be Party B’s responsibility,
Party A should not intervene in it.
Party B
should be responsible for the water & electricity fees in the Spa
area.
Breaching
Liabilities :
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1)
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If
Party A broke the agreement, and caused Party B can not operate, Party A
should return the deposit and the decoration funds 2,250,000 in total to
Party B within 3 days from the expiration date, and compensate 100,000
Yuan to Party B as the breaching
funds.
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2)
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If
Party A could not operate the Spa and beauty business in Xxxxx Sofetel
hotel for Party A’s reason, Party A should return 250,000 Yuan of deposit
to Party B within 3 days from receiving the notice, and compensate: 1. If
the operation is less than 5 years, Party A should return 50% of the
1,500,000 Yuan of the decoration fees. 2. More than 5 years, compensate 6
months of rental amount and return the rest of the non-operating rental
amount.
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1
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3)
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Party
B should comply with all of the hotel’s regulations and conditions during
operating in Xxxxx Sofetel hotel. And should not engage in any
law-breaking activities such as obscenity, drug taking and scrambling in
the operating area and the hotel. If Party B broke the above regulations,
the agreement will be terminated, and Party A won’t compensate on it. All
of the decoration goods should not be damaged or changed by Party B, the
decoration within the area belongs to Party
A.
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4)
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Party
B should not rent, transfer without Party A’s
permission.
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The two
parties could enter into an additional agreement for any matters not mentioned
in the agreement; the additional agreement has the legal effect with the
agreement.
Four
copies of the agreement, and two copies for each of the party. The agreement
will be become effective after it is signed and sealed.
Signature
______________________
Party B:
Xxxxxx Xxxxx Beauty Co., Ltd.
Representative:
Junlan Jia
Signature
________________________
Signing
Date : July 25, 2007
2
Authorization
I hereby
certify that Junlan Jia is authorized to be in charge of signing the leasing
agreement of Xxxxxx Xxxxx
Sofetel hotel Spa, Beauty Salon Leasing Agreement.
Xxxxxx
Xxx Ai Beauty Salon Co., Ltd
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