House Lease Agreement
EXHIBIT 10.7
Party A
(Lessor): Zhengzhou Green City Advertisement Co., Ltd.
Party
who establishes the contract:
Party B
(Lessee): Zhengzhou Shenyang Science & Technology Co., Ltd.
Based on
full consultation and negotiation, both parties agree to reach such an agreement
about house lease affairs and strictly abide by the terms.
I. Party
A is willing to lease out the house located in No. 000, Xxxxxxx Xxxx, Xxxxxxxxx
Xxxxxxxx (with floor area of 200m2) to
Party B. Party B has adequate acknowledgement to the house and is willing to
lease this house.
II. The
annual rents of above house agreed by both parties are total RMB 50,000 (Fifty
Thousand) Yuan, and the term is from September 16, 2007 to September 15, 2010.
The rents shall be paid semiyearly, and delivered to Party A 15 days before
expiration.
III. The
land use right of above-mention house shall be used by Party B at the same time
of lease agreement is affective.
IV. Party
A shall define clear proprietorship of the house. If there is any dispute or
credit problem relevant to Party A, he shall be responsible for the dispute and
bear lawsuit responsibility collateral, thus compensate any economic losses
caused thereof. Party B shall assure the above-mention house is for office
purpose only.
V. During
leasing term, Party A shall promise to bear following
responsibilities:
1.
Above-mentioned house shall accord with leasing house requirements;
2. If the
house needs to be sold or pledged, Party A shall inform Party B three (3) months
in advance.
VI.
During leasing term, Party B shall promise to bear following
responsibilities:
1. If the
house is intended to be modified or rebuilt, it shall be approved by Party A in
written form, while the expenses shall be paid by Party B;
2. If it
needs the sublease to the third party or exchange with the third person, it
shall be invalid unless agreed by Party A;
3. Party
B shall bear compensation or repair for the damaged house or equipment due to
improper use or other man-made reasons;
4. Party
B shall assist Party A to take regular building inspection;
5. Party
B shall return the house to Party A once the agreement expires. If the lease
keeping is required, Party B shall negotiate with Party A three (3) months in
advance to sign further agreement.
VII.
Responsibility for breach of contract: should any party fail to fulfill
obligations specified in the agreement or violate against relevant state or
local house lease regulations, the other party has the right to release this
agreement in advance, any losses hereof shall be born by the party bears
responsibility. Should Party B overdue the delivery of rents, Party B shall pay
10% penalties on the basis of monthly rents for each overdue day.
VIII. No
party bears any responsibility for house removing and equipment damage caused by
force majeure.
IX. If
there is any dispute during contract performance, both parties shall take
negotiation to settle them down. If negotiation is failed, both parties can
lodge an appeal to people's court that has the jurisdiction over these
matters.
X. Both
parties shall bear respective liabilities of paying taxes during the leasing
term according to relevant regulations.
XI.
Anything not covered in this contract will be discussed separately by both
parties. The supplementary agreement shall have the equal effect with this
agreement after signing by both parties.
XII.
There are two duplicates for this agreement, Party A and Party B shall each take
one copy.
XIII.
Other affairs agreed by both parties:
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1.
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Party
B shall take charge for such affairs as unit personnel management, family
planning and three-responsibility (being responsible for general
sanitation, green covering and keeping good social order in a designated
area outside the unit building) during leasing
term;
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2.
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Party
B shall pay the practical water and electricity cost to Party A during
leasing term.
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Party
B (Signature):
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Legal
representative:
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Legal
representative:
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Address:
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Address:
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Contact
phone: 00000000
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Post
code:
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Post
code:
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Authorized
proxy: Xxx Xxxxx
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Authorized
proxy: Xxxx
Xxxxxxx
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Zhengzhou
Green City Advertisement Co., Ltd. (Seal)
Zhengzhou
Shenyang Science & Technology Co., Ltd. (Seal)
Date:
Aug. 29, 2007
