Summary of Real Estate Lease Supplementary Agreement between Guangzhou Donghe Real Estate Development Co., Ltd. and Ji Da Information (Shanghai) Co., Ltd.
This agreement is a lease between Guangzhou Donghe Real Estate Development Co., Ltd. (landlord) and Ji Da Information (Shanghai) Co., Ltd. (tenant) for office space in Jian Li Bao Building, Guangzhou, from March 15, 2003, to March 14, 2005. The tenant pays a monthly rent of RMB 37,662.4 and a security deposit. The landlord maintains the building, while the tenant pays rent and management fees and must hold valid business licenses. Either party can terminate the lease under certain conditions. Disputes will be resolved in court.
EXHIBIT 10.25
Summary of Real Estate Lease Supplementary 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
February 14, 2003
Property Description
Location: Room 01, Floor 17, Jian Li Bao Building, Dongfeng Zhong Lu No. 410
Square footage: 470.78 m2 in architectural area
Type: office space
Term of Lease
Effective Period: from March 15, 2003 to March 14, 2005 (2 years)
Extension: Party A and Party B may reach the extension of the agreement only at 3 months before the expiration.
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 one month in advance for the name changing of the building; |
| 3. | take reasonable measures to avoid disturbing Party B’s normal usage of the building when it rebuilds, replaces, changes and repairs the building and its appearance, ornament and style. |
Party B shall:
| 1. | be liable for the payment of rent, management fees and other fees under the terms and conditions of this contract; |
| 2. | use the apartment under the terms and conditions of this contract; |
| 3. | get valid business license and business operation license in the term of lease. |
Termination Events
| 1. | upon the expiration of the contract |
| 2. | both parties agree to terminate the contract |
| 3. | in case any party (i) does not perform, (ii) delays to perform its substantial obligations and does not perform in a reasonable period after the non-defaulting party’s urgency, or (iii) the nonperformance, delay and other breaching actions cause the performance of the other part to become unnecessary |
Security deposit and other refundable or non- refundable payment
| 1. | Deposit: RMB 101,688.48 Yuan (consisting of 2 months’ rent plus 2 months’ management fee). |
| 2. | Management fees according to the Covenant on Jian Li Bao Building Management. |
| 3. | Building tax and land-use fee (by Party A), other fees for outfitting, maintaintance, water, electricity, telephone, cleaning and insecticide (by Party B). |
Dispute Resolution
The parties have agreed to present all their disputes to the court with jurisdiction.
