Rent and Operation Contract between Liyang The Fifth Season General Merchandise Investment Management Co., Ltd. and Quanjuxiang Catering (February 5, 2010)

Contract Categories: Real Estate › Lease Agreements
Summary

Liyang The Fifth Season General Merchandise Investment Management Co., Ltd. (Party A) leases a 3,274 sq.m. space on the 4th floor of the Fifth Season Department Store in Liyang City to Quanjuxiang Catering (Party B) for use as a catering business. The lease runs from August 1, 2010, to July 31, 2022, with the first year rent-free and an initial annual rent of RMB 836,000, increasing by 3% annually after four years. Party A guarantees the right to lease the property and will resolve any third-party claims. Rent is paid twice yearly, and additional fees apply for utilities and management.

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EX-10.5 4 exhibit10-5.htm EXHIBIT 10.5 Fifth Season International Inc.: Exhibit 10.5 - Filed by newsfilecorp.com

Exhibit 10.5

Rent & Operation Contract entered by and between Liyang the Fifth Season General Merchandise
Investment Management Co., Ltd. and Quanjuxiang Catering dated February 5 2010

Party A: Liyang The Fifth Season General Merchandise Investment Management Co., Ltd

Party B: Quanjuxiang Catering

  • General Information of the Rented Room
  • Rent Purpose: Xinhuachu Catering
  • Location: 4th Floor, 5th Season Department Store Building, Intersection between Luowan Road and Yucai Road, Liyang City
  • Area: 3274 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 August 1, 2010 to July 31, 2022
  • Free Rental Term: from August 1, 2010 to July 31, 2011
  • Rental: RMB 836,000 yuan for the first four years, the annual rental will increase by 3% per year after that (rental excluding from fees on water, electric, gas, communication, property management and government levy)
  • Way of Payment: pay twice a year
  • Headlines of the articles omitted
  • Decoration & Fitment
  • Sales & Property Management
  • Modification and Termination of Contract
  • Breach of the Contract
  • Miscellaneous