Real Estate Lease Agreement between Guangzhou Donghe Real Estate Development Co., Ltd. and Ji Da Information (Shanghai) Co., Ltd.
Guangzhou Donghe Real Estate Development Co., Ltd. leases office space to Ji Da Information (Shanghai) Co., Ltd. from March 15, 2003, to March 14, 2005, for a monthly rent of RMB 37,662.4. The lessee must use the property as office space, cannot sublease, and needs written consent for modifications. The lessor is responsible for building maintenance and must provide advance notice for building transfer or mortgage. A security deposit of RMB 101,688.48 is required. Disputes will be resolved in court.
EXHIBIT 10.24
Summary of Real Estate Lease Agreement, Effective March 15, 2003, Between Guangzhou Donghe Real Estate Development Co., Ltd. and Ji Da Information (Shanghai) Co., Ltd.
Lessor (Party A): Guangzhou Donghe Real Estate Development Co., Ltd.
Lessee (party B): Ji Da Information (Shanghai) Co., Ltd.
Date of Signing
March 11, 2003
Property Description
Location: Department 1701-1702, Dongfeng Zhong Lu No. 410, Yue Xiu District
Square footage: 470.78 m2 in architectural area
Type: office space
Term of Lease
Effective Period: from March 15, 2003 to March 14, 2005
Rental Use
Office use
Rent Amount
RMB 37,662.4 Yuan per month in total.
Major Obligations of Either Party
Party A shall:
| 1. | be responsible for the maintaining work of building; |
| 2. | shall notify Party B in writing 4 months in advance before the transfer of the building, notify Party B in written 7 days in advance before the mortgage of the building; |
Party B shall:
| 1. | use the apartment according to the type of this building; |
| 2. | get written consent of Party A for refurnishing, outfitting and adding equipment; |
| 3. | sublease and underlet is forbidden, |
Termination Events
| 1. | sublease and underlet by Party B |
| 2. | the property does not comply with security use standard after appraised by property security appraisal branch |
Security deposit and other refundable or non-refundable payment
| 1. | Deposit: RMB 101,688.48 Yuan. |
Dispute Resolution
The parties have agreed to present all their disputes to the court with jurisdiction.
