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EXHIBIT 10.30
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Beijing Chongwen New World Property Development Pte Ltd
China New World Electronic Pte Ltd
And
Myweb Xxx.xxx
regarding
Beijing New World Centre
No 00 Xxxxxxxx Xxxx Xxxxxx, Xxxxxxx
Office block
South Block, Unit 5
Office Rental Agreement
2 June 1999
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Landlord: Beijing Chongwen New World Property Development Pte Ltd (hereinafter
known as "Landlord")
Business Registration Number: 005663 (2-1)
Registered Address: Xx. 00, Xxxxxx Xxxxx Xxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxx
Authorised signatories: Xxxxx Xxxxxx Xxxx Occupation: Managing Director
China New World Electronic Ptd Ltd
Business Registration Number: 00386
Registered Address: Xx. 0, Xxxxxxxx Xxxx Xxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxx
Authorised signatories: Xxxxx Xxx Xxxxxx Occupation: Managing Director
Tenant: Myweb Xxx.xxx (hereinafter known as "Tenant")
Business Registration Number:
Registered Address:
Authorised signatories: Occupation:
Landlord is a co-operative enterprise which is the developer of the Beijing New
World Centre (hereinafter known as "Centre"). Xxxxxxxx is willing to rent out
and Xxxxxx is willing to rent a portion of the office block at the Centre and
thus, this agreement.
This agreement is signed between Landlord and Tenant on 2 June 1999. In order
to ascertain the responsibility and rights of both parties, the following
agreement has been reached whereby both parties shall adhere to the terms and
conditions of the agreement, as follows:
1. Scope of Rental
Tenant shall rent from Landlord the office space at the Centre as
indicated in Appendix 1 (hereinafter known as "office rented"). The
floor area of the office rented is also set out in Appendix 1. The
floor plan of the office rented is highlighted in pink (refer Appendix
2) for easy reference. At the time of hand over of the office rented,
Landlord has provided certain fittings in the office rented (refer
Appendix 3) for the use of Tenant.
2. Date of Commencement
(refer Appendix 3)
3. Duration/Length of Rent
(refer Appendix 3)
4. Rental
(i) Tenant needs to pay monthly rental (this rental does not
include expenses) to Landlord. Refer Appendix 3 for the amount
of rental payable.
(ii) Tenant must pay the monthly rental fee in advance. Once Xxxxxx
has signed the tenancy agreement, Tenant must make initial
payment (equivalent to one month rental) to Landlord.
(iii) The rental payment for a particular month must be paid 3 days
before the commencement of the month, without any deduction
for expenses. If the due date falls on a Saturday, Sunday or
public holiday of RPC, the due date will be delayed to the
next immediate working day.
5. Management Fee
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(i) Tenant must pay the monthly central management fee charged
on the office space rented. Refer to Appendix 3 for the
amount of monthly central management fees.
Both parties agree that the management fee can be adjusted
based on the actual increase in the cost of management.
Landlord and/or the management company appointed by Landlord
(hereinafter known as the "management company") must inform
Tenant of any adjustment not less than one month from the
impending adjustment. Tenant must pay the adjusted central
management fees according to the amount informed by the
management company.
(ii) Once Tenant has signed the agreement, Tenant must make
initial payment (equivalent to one month management fee) to
the management company.
(iii) The management fee for a particular month must be paid 3 days
before the commencement of the month, without any deduction
for expenses. If the due date falls on a Saturday, Sunday or
public holiday or RPC, the due date will be delayed to the
next immediate working day.
6. Other infrastructure facilities
(i) With regard to telephone charges, both parties agree to
settle the charges in accordance with the provisions in
Appendix 4.
(ii) Tenant should pay the monthly electricity charges according
to the bill issued by the management company, based on
individual meter installed by the management company showing
the electricity consumption by Xxxxxx. Tenant must pay the
bill within 7 days of the bill being issued. Landlord and the
management company reserve the rights to increase the
electricity charges in accordance with the adjustment to
electricity charges by the relevant government authorities.
7. Deposit
(i) Deposit includes two months rental fee, two month management
fee and electricity deposit. Once the agreement has been sign
by Tenant, the full deposit must be paid to Landlord.
(ii) After the expiry of the rental period, and 30 days after
Xxxxxx has returned the empty office in its original condition
to Landlord, Xxxxxx has paid all charges, rental due to
Landlord or the management company, Xxxxxx has paid for any
compensations for losses suffered by Landlord due to the
non-performance by Tenant of any provisions of this agreement,
after deducting any other amount according to the provisions
of this agreement, Landlord shall refund the balance of
deposit and related interest to Tenant.
8. Adjustment of deposits
(i) If there is adjustment in the monthly rental fee and/or
monthly management fee or electricity deposit by the
management company and the adjustment results in the deposits
previously paid by Tenant being less than the total of two
months rental, two months management fees and electricity
deposits, Tenant must pay the additional deposits within 7
days of being informed of the adjustment. Otherwise, Tenant
is deemed to have breached this agreement.
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(ii) The management company has authority to make adjustment on
electricity's deposit according to the actual usage. Landlord
and / or the management company must inform Tenant of any
adjustment not less than one month from the impending
adjustment.
9. Payment method
Unless there are special request by Landlord, Tenant must pay rental
fee, management fee and deposit or other fees in RMB equivalent to the
USD amounts provided in this agreement (based on the spot rate of Bank
of China for the sale of USD). Landlord and / or management company
shall furnish written advice to Tenant as to the amount payable,
designated bank, location and designated bank account number. Tenant
shall provide a photocopy of bank-in-slip to Landlord or management
company for their safekeeping within the payment deadline.
10. Right and Responsibility of Landlord and management company
(i) Where Tenant pays the rental and other charges and
adheres to other provisions of the agreement, Landlord does
not have right to interfere with the manner in which Xxxxxx
utilises the rented space.
(ii) Management is responsible for the following centralised
services:-
Facilities included: drainage, electricity, lighting,
air-conditioning, heating system, telephone, public wash room
and other necessary facilities. Tenant may not install
air-conditioners unless it is done according to instructions
given by Landlord and / or management company.
(iii) Management company's responsibilities
a) 24 hours security
b) fire extinguishing service according to the standards
set forth by the relevant legal regulations of the
City of Beijing.
c) Cleanliness and hygiene of the public area
(iv) Other than the situation as described in clause 13 of this
agreement, where notice has been received from Tenant,
Landlord shall repair the damages to the structure of the
space rented, central machinery or drainage system (damage not
caused by Tenant) in a timely manner and according to the
regulations as set out in the "usage, management and repair
and maintenance handbook".
(v) The management company may set, announce, alter or abolish
rules and regulation contained in "rules and regulations for
Tenant--, --renovation handbook" and other notices. Tenant
must observe all these regulations.
(vi) Landlord reserves the following rights:
a) Public facilities: such as drainage, electricity, air
conditioning, heating system, fire extinguisher,
telecommunications common for space rented; Landlord
or management company has right to send their
technician to Tenant's premises to carry out
inspection, repairs, restructuring if necessary.
Tenant shall be notified in advance unless in
emergency cases.
b) Landlord or management company has the right to
temporary disconnect the facilities/infrastructure of
the rented space for purpose of repair and
maintenance, after issuing reasonable notice, other
than in emergency cases.
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c) Landlord has authority to use the external walls and roof
top of the property.
d) Xxxxxxxx has authority to maintain or change the name of
the building, and has the right to transfer this authority
to a third party. If there is any change in name, one month
notice will be given to Tenant.
(vii) Landlord has the right to terminate the agreement if the
following circumstances happen to Tenant:
a) violation of law and regulations of China (and if Tenant
carries out illegal or immoral activities)
b) usage of office block has been change by Tenant.
c) Xxxxxx uses an identity other than the one defined under
this agreement to carry out all the ongoing activities
(other than with the prior written approval of Landlord).
d) Tenant did not pay all the relevant expenditure (include
deposit, rental fee or management fee or payment according
to clause 14iv of this agreement) after 14 days of the due
date.
e) Xxxxxx has rented out a part or the whole office to 3rd
parties or shares the rented space with 3rd party without
the prior written consent of Landlord.
f) If there is any serious damage of the building, whereby,
Tenant cannot afford to compensate for the damages, or
Tenant has already declared bankruptcy.
(viii) Where Tenant breaches the agreement, and whilst the total
compensation has not been determined, Landlord has the right
to seek compensation and legal responsibilities from Tenant,
other than other rights of Landlord.
(ix) Four months before the expiry date of the contract and with
the prior appointment of Xxxxxx, Landlord or its authorised
agent would be able to bring interested parties (to rent the
space) to the office lot for purpose of inspection. Where
Landlord has intention to sell the property, Xxxxxxxx would be
able to bring interested parties (to purchase the property) to
the office lot for purpose of inspection.
(x) Landlord shall incur no liability to and shall not be liable
in damages or otherwise to Tenant for any damage, injury or
loss which may, at any time during the term of the tenancy, be
caused or suffered by Tenant, its servants, agents, licensees
and invites or any of them or to any property of goods of
Tenant or of such persons as or aforesaid in or about the
premises occasioned by or arising from taifoon, earthquake,
storm, fire, water leaks, electricity leaks, gas or other
force majeure, or theft of the illegal acts of others.
(xi) During the term of the tenancy, Landlord has right to sell or
transfer the property to third parties. Xxxxxxxx must inform
Xxxxxx after the sale or transfer. After the right to the
property has been transferred to the third party, this third
party shall resume the role of Landlord as defined under this
agreement, enjoying the rights and resuming the
responsibilities under this agreement. After the sale or
transfer, Landlord has the right to transfer the deposits
(after deducting such expenses as provided under this
agreement) to the buyer or transferee. Xxxxxx agrees to enter
into a new agreement upon the request of Landlord whereby the
terms and conditions of the existing agreement would remain.
Tenant may request for
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refund of deposit from buyer or transferee upon expiry or
termination of the agreement.
(xii) Landlord guarantees that it has legal ownership of office
block/property and has legal rights to rent the property to
other parties. Tenant has the right to seek compensation from
Landlord for losses suffered as a result of Landlord not being
able to fullfill the above obligation.
(xiii) Landlord guarantees that in the event the property is sold or
transferred, Xxxxxx would be able to continue to rent the
property at the terms as set out in this agreement. Otherwise,
Landlord will bear the losses or additional expenses incurred
by Xxxxxx.
(xiv) The agreement is temporarily entered into by "My Web Xxx.xxx"
for its subsidiary company to be incorporated in Beijing.
Tenant will transfer its rights and responsibilities under
this agreement to the subsidiary company in Beijing. Landlord
hereby acknowledges this transfer of rights and
responsibilities.
11. Right and Responsibility of Tenant.
(i) Tenant has the right to occupy the office block rented, so
long as Tenant has paid the rental and other applicable
charges according to the provisions of this agreement, as well
as fulfilled the responsibilities under this agreement.
(ii) Tenant has the right to utilise common area and all the
facilities provided by the management company, so long as
Tenant has paid the relevant charges. The management company
may set reasonable rules for the use of the above and Tenant
must abide with the rules. Xxxxxx is also responsible to pay
all taxes and duties relating to occupying the rented office
space levied by the relevant legislation of the PRC and the
City of Beijing.
(iii) Tenant must pay monthly rental fee, electricity charges,
telephone, fax charges, etc. on time. The management company
may set reasonable rules for the use of the above and Tenant
must abide with the rules. Xxxxxx is also responsible to pay
all taxes and duties relating to occupying the rented office
space levied by the relevant legislation of the PRC and the
City of Beijing.
(iv) Tenant is responsible for the cleanliness and maintenance of
the interior of the office space. Tenant shall carry out
regular repairing and upkeeping, cleaning, including floor,
wall, ceiling and the various fittings such as windows,
electrical wiring and electrical equipment, hygiene facilities
(if any), etc. Tenant must maintain the drainage/sewage
systems of common area and washrooms in good working
condition. If the pipes/drains are damaged or blocked due to
the negligence or misuse by Tenant, its employees, visitors or
customers, Tenant shall be responsible to pay for the repair
work.
(v) Tenant must report to Landlord and management company of any
damage or defect of the office space rented in a timely
manner. Tenant must take any necessary step to prevent any
damage to the property.
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(vi) If damage to the property is caused by Tenant, Xxxxxx is
responsible to carry out the repair work, according to the
requirements of Landlord or management company, within 14 days
after receiving the written advice for repair from Landlord or
management company. If Tenant fails to carry out the necessary
repair work on time, Landlord or the management company has
the right to enter the rented area to carry out the repair
work, whereby Tenant would then be responsible to pay for
losses and expenses.
(vii) At the end of the contract term or when the contract is
terminated before the expiry date, Xxxxxx must return the
office block to Landlord in its original condition (subject
to reasonable wear and tear) when Landlord first handed the
property over to Tenant. Tenant shall remove all of Tenant's
furniture, fitting and other types of installations and
decorations, and repair damages that occur in the course of
such removal and moving-out. If Tenant fail to do so,
Landlord has the right to deduct a certain amount from the
deposits and use the net deposits to carry out repair and
removal without giving notice to Tenant. Where the net
deposits are insufficient to cover the expenditure incurred
by the Landlord, Tenant shall bear the excess.
(viii) If the management company arranges for centralised pest
control works, Tenant shall bear part of the expenses
according to the floor space occupied. Tenant should take the
necessary procedures to ensure that the office space rented
if free of pest.
(ix) Tenant must ensure that the property rented is sufficiently
covered by insurance to ensure that in the event the interior
facilities are damaged or destroyed, insurance claims can be
obtained. If Tenant fails to purchase the insurance, Landlord
has right to purchase the insurance on behalf of Tenant and
subsequently recover the expenses from Tenant.
(x) Tenant shall strictly obey overall rules and regulations set
by the management company. The business activities carried
out at the rented property must be in accordance with the law
and regulation of PRC and the City of Beijing.
(xi) Tenant is not allowed to used the premises rented to store
weapon, ammo, satpetre, gunpowder, kerosene or other products
which are flammable, conbustible, illegal or dangerous.
(xii) Tenant is not allowed to produce or store goods or
merchandise in the premises rented, other that those limited
quantity used as samples or for display.
(xiii) Tenant is not allowed to rear animal or keep any pets in the
premises rented.
(xiv) Tenant must ensure that the rented premises is used only as
an office and not for other purpose.
(xv) Tenant shall not allow any person to occupy the rented
premises for residential purposes.
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(xvi) Tenant shall not carry out any activities that would cause
harm to Landlord or other Tenants or activities that are
despised by other within the premises rented. Tenant shall
not carry out illegal or immoral activities within the
premises rented.
(xvii) Tenant is not permitted to hold or allow any other person to
hold any sale by auction within the premises.
(xviii) Tenant must obey all rules and directives of fire prevention
set by the fire department and management company. Tenant
must bear the costs of equipping the premises with fire
prevention facilities according to the requirement of the fire
department and the management company.
(xix) Tenant shall not carry out or allow any other person to carry
out any activities that would result in the loss of the
rights to insurance claim (of the property) or cause the
increase in insurance premium. Where Tenant breaches this
provision, resulting in Landlord and/or the management company
having to purchase new insurance or to pay additional
premium, Tenant would have to compensate Landlord and/or
management company of all expenses.
(xx) Tenant is not allow to deposit any boxes, furniture, garbage
or any other object outside of the premises rented, including
the common hall, stairway, corridor and other public area.
However, the management company or Landlord has the right to
do as it wishes in respect of the objects deposited at public
area without having to compensate any party for losses
incurred.
(xxi) Tenant shall not block, destroy, damage, alter, disrupt any
public utilities such as water, electricity or gas, etc. or
any facilities such as drainage, pipe, electricity cables.
(xxii) Without the prior written permission of Landlord or management
company, Tenant are not allowed to alter, move or increase
the power of electricity, water or the centralised air
conditioning.
(xxiii) From the commencement of the rent, Tenant has right to
renovation period that is rent-free in accordance with the
provisions of Appendix 3. In order to avoid any confusion, the
renovation rent-free period would be considered as part of the
rental term but Tenant need not pay rental during this period.
However, Xxxxxx would still need to pay management fees and
other expenditure.
(xxiv) After the agreement has come into force, Xxxxxx agrees to
submit all renovations plans to management office for
approval; whereby Xxxxxx agrees to hire the contractor
appointed by the management company. Xxxxxx agrees to pay the
necessary management charges and other expenses and deposits
according to the provisions of the "Renovation Guide". Xxxxxx
agrees to reimburse for any damages or alteration to the
common facilities in the course of the renovation. The
renovation works must in accordance with the plans approved by
the management company and the "Renovation Guide". Tenant
shall not alter the renovation plans approved by the
management company, unless with the prior written approval of
the management company.
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(xxv) Without the prior permission from Landlord or management
company, Tenant is not allowed to place any words, logo or
advertisement board outside of the premises rented. The
placement of Tenant's signboard should be in accordance with
the instruction given by the management company. Tenant may
not modify any part of the building, nor can it alter the
external appearance of the building or block any windows or
doors.
(xxvi) Without the prior permission of Landlord, Tenant may not
transfer, sub-rent part of the premises rented to third party
or share the rented space with third party.
(xxvii) Where the following circumstances arise, Xxxxxx should seek
the prior approval of Landlord. Otherwise, Xxxxxx is deemed to
have rented or transferred the property without the prior
permission of Landlord:
a) where Xxxxxx's business is conducted as a
partnership, there is new partner or partners in
the partnership in the event that the original
partner dies or retire or other reasons.
b) Tenant's company or enterprise is being taken-over,
restructured, merged, acquired, voluntary liquidated
or when there is a change in the holding company,
controlling shareholders or any other party with
effective controls over the company.
c) Tenant issue authority letter that allow other party
to take over the premises
d) Tenant changes the name of the company.
(xxviii) During the tenancy period, Tenant is not allowed to request
for a decrease in any fees or charges payable by Tenant
(regardless of the reason).
(xxix) Tenant is not allowed to use the word "new world", "new world
centre" or "Beijing new world centre" as part of the name of
the company, unless with the written approval from the
developer.
(xxx) Tenant is fully responsible for the action, negligence or
irresponsibleness of its employees, visitors, customers,
workers, and shall bear the compensation and legal
responsibility for damages to Landlord and/or third party
caused by the aforesaid persons.
12. Termination of Agreement
(i) Where the circumstances of clause 10(vii) arise, Landlord may
terminate the agreement without the consent of any other party
and Landlord need not pay any compensation.
(ii) If Tenant breaches the terms and conditions of this agreement
and does not rectify the situation within 30 days from the
date of receiving written notice from Landlord or management
company, Landlord has authority to terminate this agreement
without informing Xxxxxx. Tenant must move from the premises
rented immediately and Landlord has the right to demand for
damages for the losses, expenses and legal obligation.
(iii) Landlord may terminate the agreement (without the consent of
Tenant) due to the inability to execute this agreement as a
result of the force majeure as mentioned in clause 13 below.
Tenant would still need to pay rental and other charges up to
the termination date.
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13. Force Majeure
If at any time during the tenancy period, Landlord is unable to fulfill
its obligations under the agreement due to unavoidable and
unpreventable (in terms of the occurrence and the resulting effects)
earthquake, storm, fire and other unforeseen circumstances, Landlord
shall inform Xxxxxx immediately via telegramme or facsimile. In
addition, Landlord shall furnish detail information of the force
majeure and documentary proof of its inability to fulfill in full or in
part its obligations under the agreement, or the necessity to delay the
fulfilment of the terms of agreement, within 21 days. Landlord need not
be responsible to compensate Tenant for any losses suffered.
Under such circumstances, subject to the agreement between both
parties, the execution of the agreement may be delayed or the agreement
terminated before its expiry, unless Landlord has not terminated the
agreement based on provision of 12.03 above.
14. Breach of responsibility
(i) If either party breaches the conditions in the agreement
causing losses (including legal fees), that party would need
to pay compensation. However, where both parties are at fault,
both parties will bear its own responsibility for breach of
agreement.
(ii) If Tenant breaches the agreement, Landlord has the right to
deduct from the deposits amount outstanding, losses and
expenses, in addition to having the right to terminate the
agreement without the consent of Tenant. If the amount of
outstanding charges, losses and expenses exceed the deposits,
Landlord has the right to demand the excess from Tenant. If
Xxxxxx refuses to pay the excess, Xxxxxxxx has the right to
forfeit the assets in the rented office and sell the assets by
auction. Nevertheless, this does not prevent Landlord to
further demand for reasonable compensation and legal
responsibility from Tenant.
(iii) Electricity Bills
If Tenant do not settle the electricity bill 7 days after the
due date, Xxxxxxxx has the right to terminate the agreement
based on the provisions of clause 10(vii) above. In addition,
Landlord may request the management company to terminate
supply of electricity without further notice to Tenant. Supply
of electricity would be reconnected after Xxxxxx has paid all
charges. All reconnection charges are to be boned by Xxxxxx.
(iv) Late payments
Landlord may collect from Tenant a 2% (on rental and other
expenses outstanding) late payment penalty if the rent or
other expenses are not paid or have been paid late, regardless
of the reason for the delay or non payment.
(v) If at any time during the tenancy period, Tenant terminates
the rental arrangement without the consent of Landlord,
tenancy is deemed to have breached the agreement. Landlord may
demand for losses incurred as a result of this (including but
does not limit to loss in future rental).
(vi) Tenant shall remit the deductions made from the deposits
within 7 days from receiving the written request from
Landlord, provided that the deductions has been made in
accordance with the provisions of this agreement. If Tenant
fails to
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remit the amount on time, Xxxxxx is deemed to have breached
the agreement whereby Landlord has the right to terminate the
agreement and forfeit the rental and deposit paid by Tenant.
15. Waiver of Rights
Where Tenant has breached any provisions of the agreement but
Landlord still received rent from Tenant, Landlord shall not
be deemed to have given up the rights to demand for
compensation for the breach in agreement. Where Tenant has
made insufficient payments for rental or other charges,
Landlord shall not be deemed to agree to a reduction in rental
or other charges if Landlord accept the reduced payments from
Tenant, and Landlord shall retains the rights to demand for
the balance of payments and the rights to take legal action on
Tenant according to the provisions of the agreement.
16. Arbitration
(i) The laws of the PRC govern this agreement, including
the effectiveness, explanation, execution and
arbitration.
(ii) Both parties shall settle any disputes through
friendly negotiations, failing which, any party may
make an application to the China International
Economic and Trade Development Authority, Beijing
for arbitration. The decisions of the arbitrator
shall be final and binding on both parties.
17. Legal Expenses
(i) All costs and expenses for the preparation of this
Agreement including the attestation, registration,
stamp duty and other charges imposed by the laws of
China and the City of Beijing (excluding but not
limiting to taxes) shall be borne and paid by Xxxxxx,
unless the Government has specifically given
direction for both parties to bear their own
expenses.
(ii) In the process of getting this agreement done, all
processing fees shall be borne by respective parties.
18. Others
(i) Where any clause in the agreement is found to be
illegal, ineffective or not executable under any
law, the other clauses of the agreement shall remain
to be effective, valid and executable. Both parties
would need to fulfill the respective obligations of
the other clauses.
(ii) Where either party is required to issue written
notice to the other party under the obligations of
the agreement, where the name and business/registered
address of the other party have been indicated on
the notice and sufficient postage (for registered
post) has been purchased, such notice is deemed to
have been served and received by the other party.
(iii) Where Tenant's employees, visitors, customers,
workers, renovation workers, agent enter the rented
property with the approval of Tenants, the actions,
negligence shall be that of Tenant.
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(iv) There are 3 copies to this agreement: 2 copies for Landlord
and 1 copy for Tenant. All 3 copies are valid.
(v) The agreement shall come into effect after being signed by
both parties.
Landlord
Beijing Chongwen New World Property China New World Electronic
Pte Ltd
(stamp) (stamp)
---------------------------- -----------------------
Authorised signatory Authorised signatory
Tenant
Myweb Xxx.Xxx
(stamp)
----------------------------
Authorised signatory
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APPENDIX 1
1. Office rented
Beijing New World Centre, Office Block, Block South, Level 9, Xxxx 0,
Xxxxxxxx Xxxxxx 0X, Xxxxxxxx Xxxxxxxx, Xxxxxxx, Xxxxx.
2. The total built up area of the office rented is 273.57 square ft.
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APPENDIX 2
Map
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APPENDIX 3
1. This agreement is effective from 5th June 1999 to 4th June 2001, for a
period of 2 years. (Tenant may, after the 18th month, elect to give
written notice to Landlord not less than 6 months from the end of the
rental period, with regard to the rental of the remaining 6 months.
Otherwise, it is deemed that both parties agree to terminate the
agreement on 4th June 2001).
2. Tenant shall pay the monthly rental and management fees of US$3,419.60,
including the following
(i) Monthly rental fees (excluding other charges): US$2,462.10
(ii) Monthly management fees (which include air conditioning on
working days, 8:00 am -- 6:00 pm, excluding public holidays):
US$959.50
3. Deposits
Deposits for rental and management fees US$6,839.20
Deposits for electricity US$ 395.50
-----------
Total US$7,234.70
-----------
4. In the period of 61 days (5th June 1999 to 4th August 1999), there is a
waiver of rental for renovation purposes. But Tenant shall bear other
charges (excluding rental) and expenses incurred.
5. At the time of hand over of the office rented, Landlord has provided
the following fittings in the office rented:
- ceiling lights (material only; Tenant shall fix the lights himself)
- central ventilation system (vent hose, exhaust fan, heating system
and speed control dial shall be provided by Landlord; to be fixed
by Tenant);
- fire alarm system and sprinkler;
- independent electricity metre;
- concrete flooring and wall;
- wooden main door
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APPENDIX 4
Telephone line & bills
1. Tenant should take/purchase 6 lines from Landlord with RMB1,260 each
line. (lump sum payment at the time of signing of the agreement),
totalling RMB7,560
3. Besides the expenditure above, Xxxxxx shall pay his monthly bills.
3. Tenant shall bear the cost of laying telephone cables.
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APPENDIX 5
LANDLORD:
- should collect his rental at Beijing New World Electronic Pte Ltd
- at the bank account (name of the bank)
- A/C no: [***]
MANAGEMENT OFFICE:
- should be paid at Beijing office
- account no: [***]
- Bank:
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