Tenancy Agreement
Exhibit 10.6
An Agreement made on the 1st March of 2023 between the Landlord and the Tenant as more particularly described in Schedule I.
The Landlord shall let and the Tenant shall take the Premises for the Term and at the Rent as more particularly described in Schedule I and both parties agree to observe and perform the terms and conditions as follow:
| 1. | The Tenant shall pay to the Landlord the Rent in advance on the 1st day of each and every calendar month during the Term. If the Tenant shall fail to pay the Rent within 7 days from the due date, the Landlord shall have the right to institute appropriate action to recover the Rent and all costs, expenses and other outgoings so incurred by the Landlord in relation to such action shall be a debt owed by the Tenant to the Landlord and shall be recoverable in full by the Landlord. |
| 2. | The Tenant shall not make any alteration and / or additions to the Premises without prior written consent of the Landlord. |
| 3. | The Tenant shall comply with all ordinances, regulations and rules of Hong Kong and shall observe and perform the covenants, terms and conditions of the Deed of Mutual Covenant and Sub-Deed of Mutual Covenant (if any) relating to the Premises. The Tenant shall not contravene any negative or restrictive covenants contained in the Government Lease(s) under which the Premises are held from the Government. |
| 4. | The Tenant shall during the Term pay and discharge all charges in respect of water, electricity, gas and telephone and other similar charges payable in respect of the Premises. |
| 5. | The Tenant shall during the Term keep the interior of the Premises in good and tenantable repair and condition (fair wear and tear and damage caused by inherent defects excepted) and shall deliver up vacant possession of the Premises in the same repair and condition on the expiration or sooner determination of this Agreement. |
| 6. | The Tenant shall pay to the Landlord the Security Deposit and Advance Monthly Rent Payments set out in Schedule I for the due observance and performance of the terms and conditions herein contained and on his part to be observed and performed. Provided that there is no antecedent breach of any of the terms and conditions herein contained, the Landlord shall refund the Security Deposit to the Tenant without interest within 30 days from the date of delivery of vacant possession of the Premises to the Landlord or settlement of any outstanding payment owed by the Tenant to the Landlord, whichever is later. If the Rent and/or any charges payable by the Tenant hereunder or any part thereof shall be unpaid for seven (7) days after the same shall become payable (whether legally demanded or not) or if the Tenant shall commit a breach of any of the terms and conditions herein contained, it shall be lawful for the Landlord at any time thereafter to re-enter the Premises whereupon this. Agreement shall absolutely determine and the Landlord may deduct any loss or damage suffered by the Landlord as a result of the Tenant’s breach from the Security Deposit without prejudice to any other right of action or any remedy of the Landlord in respect of such breach of the Tenant. |
| 7. | Provided the Tenant shall have paid the Rent and other outgoings on the days and in the manner herein provided and observed and perform the terms and conditions herein contained and on the Tenant’s part to be observed and performed, the Tenant shall peacefully hold and enjoy the Premises during the Term without any interruption by the Landlord. |
| 8. | The Landlord shall keep and maintain the structural parts of the Premises including the main drains, pipes and cables in proper state of repair provided that the Landlord’s liability shall not be incurred unless and until written notice of any defect or want of repair has been given by the Tenant to the Landlord and the Landlord shall have failed to take reasonable steps to repair and remedy the same after the lapse of a reasonable time from the date of service of such notice. |
| 9. | The Landlord shall pay the Property Tax payable in respect of the Premises. |
| Received by the Landlord Security Deposit of HK$16,500. | Received 5 keys of the Premises by the Tenant: 2 mailbox keys, 2 cabinet keys, 1 main door key. | |
| Confirmed and accepted all the terms and conditions herein by the Landlord | Confirmed and accepted all the terms and conditions herein by the Tenant | |
| For and on behalf of: | For and on behalf of: | |
| New Age Financing Limited | Fundergo Limited | |
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| Director | Director |
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Schedule I
| Xxx Xxxxxxxx | Xxxx 000, 0/X., Xxx Xxx Xxxxxxxxxx Xxxxxx, 0 Xxxxxx Xxxxxx, Xxxx Xxxx | |
| The Landlord | whose * address / registered office is situate at: | |
| Xxxx 000, 0/X., Xxx Xxx Xxxxxxxxxx Xxxxxx, 0 Xxxxxx Xxxxxx, Xxxx Xxxx | ||
| The Tenant | whose * address / registered office is situate at: | |
| Xxxx 000, 0/X., Xxx Xxx Xxxxxxxxxx Xxxxxx, 0 Xxxxxx Xxxxxx, Xxxx Xxxx | ||
| Term | From 1 March 2023 to 28 February 2025 (both days inclusive) | |
| Security Deposit | HK$16,500.00 | |
| Rent | HK$16,666.67 per calendar month | |
| Settlement | To settled directly with the owner of the Premises |
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