Rent and Operation Contract between Tengzhou Xinxing Property Development Co., Ltd. 1st Branch and Tengzhou the Fifth Season Enterprise Management Co., Ltd.

Contract Categories: Real Estate › Lease Agreements
Summary

This contract is between Tengzhou Xinxing Property Development Co., Ltd. 1st Branch (landlord) and Tengzhou the Fifth Season Enterprise Management Co., Ltd. (tenant) for the rental and operation of the 1st to 5th floors of the Xinxing Commerce Building in Tengzhou City, covering about 23,852.28 square meters. The lease terms vary by floor, with a free rental period for the first two years and specified rent increases over time. The tenant pays rent annually and provides a security deposit. The agreement covers property rights, payment terms, and responsibilities for utilities and management fees.

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EX-10.9 10 exhibit10-9.htm EXHIBIT 10.9 Fifth Season International Inc.: Exhibit 10.9 - Filed by newsfilecorp.com

Exhibit 10.9

Rent & Operation Contract

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 5th floor of Xinxing Commerce Building, Tengzhou City
  • Area: 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 3rd floor, 4th floor & 5th floor;
  • 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
  • Earnest 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

Party A: Tengzhou Xinxing Property Development Co., Ltd. 1st Branch
By: /seal/ Tengzhou Xinxing Property Development Co., Ltd. 1st Branch
Date: July 15, 2010

Party B: Tengzhou the Fifth Season Enterprise Management Co., Ltd.
By: /seal/ Tengzhou the Fifth Season Enterprise Management Co., Ltd.
Date: July 15, 2010