Lease Contract
EXHIBIT 10.9
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Landlord:
(hereinafter referred to as Party A)
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Yantai Lantian Co., Ltd.
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Tenant:
(hereinafter referred to as Party B)
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Yantai Jinguan Investment Co., Ltd.
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In accordance to the Contract Law of China, Party A and B have reached an agreement through friendly negotiation to conclude the lease contract as follow:
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1.
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The premises (“the Premises”) is located at 501-505 Lantian Xxxxxxxxxxxxx Xxxxxxxx, Xxxxxxxxxx Xxxx 00, Xxxxxxxxxxx Xxxxxxxx, Xxxxxx, Xxxxx. The area of the Premises is 345.54 square meters.
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2.
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The term of this lease shall be from March 1, 2010 to February 28, 2011.
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3.
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The total rent for the whole lease term shall be RMB157,566.20.
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4.
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Party B shall pay a lump sum of half year rent amounted to RMB78,783.10 within 5 days upon effectiveness of this contract; the balance shall be paid on or before August 31, 2010.
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5.
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Party B shall pay the utilities xxxx, sewage expenses, property management fee, internet charge, central air conditioning and maintenance fee, etc.
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6.
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Purpose of the Premises: Office use
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7.
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In case the Premises and related facilities suffer from any damages or defects owning to normal and natural wear and tear, inherent quality issues or “Act of God” accidents, Party A shall be responsible for the repair and associated costs. Party B shall use the Premises lawfully according to this contract without changing the nature of the Premises and be responsible to repair any internal damages during the usage.
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8.
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Party B shall not be allowed to reconstruct or alter the construction structure of the Premises. Party B shall be obliged to notify and seek approval from Party A in advance in written form if the internal construction structure of the Premises is altered for non-operational purpose.
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9.
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Party B shall not transfer the lease of the Premises or sublease it without the approval from Party A. Party B shall take good care of the Premises.
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10.
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Party B shall pay a deposit amounted to RMB2,000 upon effectiveness of this contract.
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1
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11.
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Party A shall return the deposit to Party B within ten (10) days after the termination of this contract on the condition that Party B has fulfilled all requirements of this contract.
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12.
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Termination of the Contract
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Party A shall have the right to terminate this contract under the following conditions:
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1)
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Party B delays the rental payment for more than one (1) month;
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2)
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Party B alters the construction of the Premises without the permission of Party A;
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3)
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Party B refuses to repair or maintain the damages to the Premises;
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4)
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Party B transfers the Premises to a third party without the permission of Party A.
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Party B shall have the right to terminate this contract under the following conditions:
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1)
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Party A delays to transfer the Premises for more than one (1) month after the execution of this contract;
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2)
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Party A fails to fulfill the responsibility to maintain the Premises in good condition;
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3)
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Party B notifies Party A to terminate this contract three (3) months in advance.
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PARTY A:
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Yantai Lantian Co., Ltd.
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/s/ Xxxxxx Xxxx
By: Xxxxxx Xxxx, Legal/Authorized Representative
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Date: February 13, 2009
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PARTY B:
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Yantai Jinguan Investment Co., Ltd.
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/s/ Xxxxx Xxxxx
By: Xxxxx Xxxxx, Legal/Authorized Representative
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Date：February 13, 2009
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