EX-10.7 4 v404969_ex10-7.htm EXHIBIT 10.7
Exhibit 10.7
Lease Agreement
Lessor (hereinafter referred to as Party A): Xuepu Liu and Lu Liu
Lessee (hereinafter referred to as Party B): Heilongjiang Zhonghe Education and Training Center
Having reached agreement through friendly consultant and negotiation, Party A and Party B, hereby agree to enter into the Lease Agreement to be abided by both parties.
| 1. | Party A shall comply with the relevant national rental housing provisions |
| i) | The address of the leased premise is at 472 and 480 Xinyang Road, Daoli District, Harbin. |
| ii) | The registered area of the premise leased by Party A shall be 244.17 square meters |
| iii) | The existing housing and facilities condition, equipment details refer to appendix. |
| 3. | Party A shall provide real estate certificate and identification document, Party B shall to provide proof of identity. Both parties shall keep each other’s identity documents on file. |
| i) | The lease term is 3 years which is from October 16, 2012 to November 9, 2015. |
| ii) | The premise is for training center use only. |
| iii) | Upon the expiry of the lease agreement, Party A have rights to take back the house, Party B shall return the house. |
When the rent term expires, if Party B requires a renewal of the lease, Party B shall notice Party A three months before the expiration of this Contract
| i) | Rental standard: the monthly rental is ¥14083.33 per month, the total amount of yearly rental agreed upon both parties shall be ¥169,000. |
| ii) | Party A shall provide receipt to Party B upon the payment received. |
| 6. | The Property Management and Other Fees |
| i) | Party A shall bear the costs as below list: |
| i. | houses and land property taxes, and any other government charges shall be responsible by Party A; |
| ii. | Party A shall be responsible for property management costs, and heating fees. |
| ii) | Party B shall bear the costs as below list: |
| i. | Party B shall be responsible for water, electricity, gas, cleaning, Broadband, and telephone costs; |
| ii. | Party A shall not charge any other cost which are not listed above. |
| 7. | House repair and maintenance |
| i) | In the effective period of the agreement, Party A is responsible for public safety. Apart from terms in contains in this agreement, all other repair and maintenance shall be responsible by Party A(excludes damages caused by Party B’s improper use). |
Party A shall provide written notice to Part B 7 days prior all repair and maintenance work.
Upon the report of damage from Party B, Party A shall promptly provide maintenance services.
Party A is not responsible for repair and maintenance for the decoration done by Party B.
| ii) | During the lease term, Party B shall reasonable use all the equipment and facilities within the house, damages caused by Party B due to unreasonable use to the housing equipment and facilities, Party A has the right to request compensation. |
8. House Sublet
| i) | During the lease term, Party A can has the right to assign the lease agreement in accordance with legal procedures, after the transfer, the agreement for the new lessor and party B continues to be valid |
| ii) | During the lease term, Party B can sublet the premise to third party with no harmful to Party A’s benefits. |
| iii) | If Party A sells the house, Party A shall provide 2 month notice in advance, Party B has priority to purchase the house. |
9. Adjust, Beach and Termination
| i) | Both parties can negotiate to adjust or terminate the lease agreement. |
| ii) | Party B shall terminate the agreement if Party A is: |
| i. | Unable to provide the house or the house is breach the terms contains within. |
| ii. | The house is not in useable condition and Party A is not fulfilling its responsibility. |
iii) In the effective period of the Contract, Party A shall terminate the lease agreement if Party B is:
| i. | Without the written consent of Party A, Party B changes the internal and external structure of the house. |
| ii. | If damages to the housing facilities are caused by Party B, and Party B is unable to repair upon Party A’s request. |
| iii. | Uses house to store dangerous good or engages in illegal activities in the house. |
| iv. | Delay to make any agreed payments. |
| iv) | When the lease term expires, if Party B requires a renewal of the lease, Party B shall notice Party A one months before the expiration of this Contract. |
| v) | The lease agreement is terminate upon the lease expiration. |
10. House Delivery and Return
| i) | Party A requires strict compliance with the entry system and all relevant facilities are under good condition for use. |
| ii) | Both party shall be attend house inspection for delivery and return, any concerns shall be raised within 3 days after inspection. |
| iii) | Party B shall return the house to Party A in useable condition. |
| iv) | Party B shall ensure all equipment, facilities are in a good condition when return the house, shall not lease any inventory or other goods in the house. |
| 11. | Breach of the Contract by Party A |
| i) | If Party A is unable to provide house according to the condition underlined within this agreement, Party B will get 30% of the rent as liquidated damages. |
| ii) | If Party B has fulfill the agreement terms, Party A shall be responsible to pay double rent amount to Party B as compensation for any delays of house delivery. |
| iii) | If Party A incurs any delay for damage repairs, Party B can arrange for the repair, but Party A shall bear the costs upon the receipt provide by Party B. |
| iv) | If Party A does not execute the Contract, Party B will get 50% of the total rent as liquidated damages. |
| v) | If Party A cannot guarantee the house is under good condition accordance with the laws and regulations, Party B shall get compensation from Party A. |
12. Breach of the Contract by Party B
| i) | During the lease term, If one of the following situations occurs, Party A shall have the right to terminate this agreement:, and will get 30%of total rent amount as penalty from Party B: |
| i. | Without the written consent of Party A, Party B changes the internal and external structure of the building. |
| ii. | Party B engages in illegal activities in the property. |
| ii) | In the effective period of the agreement, if any payment is overdue (exclude rental payment), Party A shall charge interest of 50% based on the rent amount. |
| iii) | In the effective period of the agreement, if rent payment is overdue, Party A shall charge penalty of 200% based on the rent amount. |
13. Others
| i) | Both parties shall be competent to execute this Contract. If one party does not comply with the contract, the other will get the compensation. |
| ii) | The supplementary provisions shall be made upon the agreement of two parties, and its provisions shall be equally binding to both sides. |
| iii) | There are two copies of the Contract. Each party keeps one copy with same legal effect. |
Party A: /s/ Xuepu Liu and Lu Liu
Party B: /s/ Heilongjiang Zhonghe Education and Training Center
