Memorandum of Lease between Cherry Telecom Limited and Monar International Inc. for Office Space at Sino Favour Centre

Contract Categories: Real Estate › Lease Agreements
Summary

Cherry Telecom Limited is leasing office space to Monar International Inc. at Suite 1302, Sino Favour Centre, 1 On Yip Street, Chaiwan, Hong Kong. The lease runs from August 1, 2009, to October 31, 2010, with a monthly rent of HKD 500 (about USD 65), which includes utilities, management fees, and government rates. However, the entire lease period is rent-free. The leased area is approximately 8 to 10 square meters. Both parties have agreed to these terms as outlined in the memorandum.

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EX-10.1 2 exh101.htm MEMORANDUM OF LEASE. Exhibit 10.1 - Memorandum of Lease.

Exhibit 10.1

[LOGO]
Cherry Telecom Limited
Room 1302, Sino Favor Centre
No. 1 On Yip Street, Chaiwan, Hong Kong SAR
Phone: +852 21583621
E-mail: ***@***



18 August 2009

Monar International Inc.
1000 East William Street, Suite 204
Carson City, Nevada
89701
U.S.A.


ATTN:                 Robert Clarke, President

Re:                      Lease of office space at Suite 1302 Sino Favour Centre, 1 On Yip Street, Chaiwan


Dear Robert

Further to our discussions we are pleased to be able to offer Monar International Inc. office space in
Chaiwan. The general terms of this arrangement will be:

Term:                                      1 August, 2009 to 31 October, 2010
Rent:
HKD 500 per month (approximately USD 65), inclusive of utilities, management fee and government rates
Rent free period:                    1 August 2009 through 31 October 2010 (inclusive)
Description:
Approximately 8 to 10m2 of the office area of Unit 1302, 13th Floor, Sino Favour Centre, No.1 On Yip Street, Chaiwan, Hong Kong


We trust that you will find this arrangement satisfactory for your current needs.

Sincerely yours,

For and on behalf of
Cherry Telecom Limited



LIM PING WAI
Lim Ping Wai
Director