House Lease Agreement
Lessor (Party A): Zibo Drug Purchasing & Supply Station of Shandong Province
Lessee (Party B): Zibo Hongmao Pharmaceutical Sales Co., Ltd.
Based on the principles of mutual benefit, friendly cooperation and co-development, Party A and Party B have entered the following Agreement on leasing office building:
I.
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Party A rents three rooms in the first floor of east building of the storage building to Party B for using and the lease term is 12 months.
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II.
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The annual rent and payment method: The annual rent is RMB 7,800, which shall be settled one time every half year. If Party B delays to pay the rent, Party A has the right to terminate the contract.
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III.
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Party B shall guarantee that the leased house cannot be damaged and the expenses of normal maintenance shall be assumed by Party A (excluding the damage caused by human).
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IV.
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Party B only has the use right to the leased house and shall not sublease or use for other purpose. Party B shall not store dangerous and toxic or deleterious substances in the room. Party B shall assist in Party A maintaining the security of the office building.
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V.
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Party B shall abide by the management of Party A’s doorkeeper and Party A shall not interfere with Party B’s normal work.
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VI.
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The period of validity is 12 months (from January 1, 2011 to December 31, 2011). If Party B needs to extend or terminate the Agreement, it shall notify Party A one month in advance.
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VII.
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The water and electricity charges shall be paid by Party B according to the actual consumption and it shall be settled one time every quarter.
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VIII.
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Matters unmentioned here shall be solved by both parties through negotiation.
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IX.
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The Agreement has two copies, with both parties holding one respectively, and it shall take effect after being signed.
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Party A: Zibo Drug Purchasing & Supply Station of Shandong Province
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Party B: Zibo Hongmao Pharmaceutical Sales Co., Ltd.
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Signature of principal: Wang Xintong
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Signature of principal: Xxxx Xxxxxxxxx
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January 1, 2011