Summary of Real Estate Lease Agreement Between Shanghai Pudong Jianzhong Industry and Trade Company and Mtone Wireless Communication (Shanghai) Co., Ltd.
This agreement is a lease between Shanghai Pudong Jianzhong Industry and Trade Company and Mtone Wireless Communication (Shanghai) Co., Ltd. for office space located at Room 505-A, Zhangjiang Lu No. 727, Pudong District, Shanghai. The lease covers 50 square meters for office use, effective from June 25, 2003, to June 24, 2006, at a rent of RMB 900 per month. The landlord must comply with government regulations, while the tenant cannot sublease or change the use of the space and must maintain security and sanitation. The lease may end early if the property is needed for municipal or national development.
EXHIBIT 10.26
Summary of Real Estate Lease Agreement, Effective June 25, 2003, Between Shanghai Pudong Jianzhong Industry and Trade Company and Mtone Wireless Communication (Shanghai) Co., Ltd.
Party A: Shanghai Pudong Jianzhong Industry and Trade Company
Party B: Mtone Wireless Communication (Shanghai) Co., Ltd.
Date of Signing
June 25, 2003
Property Description
Location: Room 505-A, Zhangjiang Lu No. 727, Pudong District, Shanghai
Square footage: 50 m2
Type: office space
Term of Share-Use
Effective Period: from June 25, 2003 to June 24, 2006
Rental Use
Office use
Rent Amount
RMB 900 Yuan per month and RMB 10,800 Yuan per year.
Major Obligations of Either Party
Party A shall:
| 1. | carry out all the formalities in accordance with government regulations during the rental period. |
Party B shall:
| 1. | not sublease, transfer, lend or change the use of the leased tenement; |
| 2. | perform its duty to ensure security, fire protection and sanitation etc. |
Termination Events
The leased tenement involves in the municipal relocating or national construction development during the term of the contract period.
