Supplementary Lease Agreement between Tianjin Port International Car Exhibition Centre and Tianjin Shisheng Investment Group Ltd.

Contract Categories: Real Estate › Lease Agreements
Summary

This supplementary agreement, dated December 8, 2007, is between Tianjin Port International Car Exhibition Centre (Lessor) and Tianjin Shisheng Investment Group Ltd. (Lessee). It amends their original lease for property at B Hall, Tianjin Port International Car Exhibition Center. The Lessor agrees to help the Lessee obtain government grants covering 50% of annual rent, or provide a 50% rent exemption if grants are not received. All other terms of the original lease remain in effect. The agreement is legally binding and each party holds a copy.

Read More Arrow
EX-10.3 16 v131053_ex10-3.htm SUPPLEMENTARY AGREEMENT, DATED AS OF DECEMBER 8, 2007
Exhibit 10.3

Tianjin Port International Car Exhibition Centre
 
Showroom Lease-Supplementary Agreement
 
Party A (“Lessor”): Tianjin Port International Car Exhibition Centre
 
Party B (“Lessee”): Tianjin Shisheng Investment Group Ltd.

Party A and B executed the leasing contract on January 10, 2007, contract number KG-Z17, in which Party B, as the lessor, rents estate property located at B Hall, Tianjin Port International Car Exhibition Center. In order to further the cooperation between two parties and to incentive the further development of the Tianjin Port Exhibition, both parties agreed to enter the supplementary agreement and obey the terms as settled hereinafter
 
1.
Base on the original contract Party A is responsible to assist Party B to obtain government financial grants equal to 50% of one year rental, Party A guarantee that Party B is taking this grants annually till the termination of leasing contract. If Party B failed to obtain government grants then Party A is going to provide Party B exemption equals to 50% of annual rental
   
2.
Other terms in the original contract keeps valid
   
3.
This supplementary contract is legally binding as the original contract
   
4.
The contract is in duplicate, Party A and B holds one copy each

Party A (“Lessor”): Tianjin Port International Car Exhibition Centre
(Seal)
Party B (“Lessee”): Tianjin Shisheng Investment Group Ltd.
(Seal)

December 8, 2007