Rent & Operation Contract entered by and between Tengzhou Xinxing Property Development Co., Ltd., 1st Branch and Tengzhou the Fifth Season Enterprise Management Co., Ltd. dated July 15 2010
Exhibit 10.9
Rent & Operation Contract entered by and between
Tengzhou Xinxing Property Development Co., Ltd.,
1st Branch and Tengzhou the
Fifth Season Enterprise Management Co., Ltd. dated July 15 2010
Party A: Tengzhou Xinxing Property Development Co., Ltd., 1st Branch
Party B: Tengzhou the Fifth Season Enterprise Management Co., Ltd.
- General Information of the Rented Room
- Rent Purpose: business
- Location: 1st floor to 0xx xxxxx xx Xxxxxxx Xxxxxxxx Xxxxxxxx, Xxxxxxxx Xxxx
- Xxxx: approximately 23852.28 sq.m.
- Property Right
- Party A promises to own the operation right to the rented room, and Party A is totally entitled to rent the room. Party A would settle the problem if there is any third party claims to the property right to the rented room.
- Term, Rental and Other Fees of Tenancy
- Term of Tenancy: from September 1, 2010 to August 31, 2015 for 1st floor and 2nd floor; from September 1, 2010 to August 31, 2018 for 0xx xxxxx, 0xx xxxxx & 0xx xxxxx;
- Free Rental Term: from September 1, 2010 to August 31, 2012
- Rental: RMB 0.7 yuan/sq.m./day from 3rd year to 5th year, the rental will increase by 5% from 6th year, and will increase by 5% per three year (rental excluding from fees on water, electric, gas, communication, property management and government levy)
- Way of Payment: pay once a year
- Xxxxxxx money: RMB 1,000,000 yuan to Party A
- Headlines of the articles omitted
- Decoration & Fitment
- Sales & Property Management
- Modification and Termination of Contract
- Breach of the Contract
- Miscellaneous