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House Lease Agreement

House Lease Agreement

House Lease Agreement | Document Parties: ZST DIGITAL NETWORKS, INC. You are currently viewing:
This House Lease Agreement involves

ZST DIGITAL NETWORKS, INC.

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Title: House Lease Agreement
Date: 1/15/2009

House Lease Agreement, Parties: zst digital networks  inc.
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EXHIBIT 10.7  
  House Lease Agreement   Party A (Lessor): Zhengzhou Green City Advertisement Co., Ltd.   Party who establishes the contract:   Party B (Lessee): Zhengzhou Shenyang Science & Technology Co., Ltd.   Based on full consultation and negotiation, both parties agree to reach such an agreement about house lease affairs and strictly abide by the terms.   I. Party A is willing to lease out the house located in No. 170, Gongren Road, Zhongyuan District (with floor area of 200m2) to Party B. Party B has adequate acknowledgement to the house and is willing to lease this house.   II. The annual rents of above house agreed by both parties are total RMB 50,000 (Fifty Thousand) Yuan, and the term is from September 16, 2007 to September 15, 2010. The rents shall be paid semiyearly, and delivered to Party A 15 days before expiration.   III. The land use right of above-mention house shall be used by Party B at the same time of lease agreement is affective.   IV. Party A shall define clear proprietorship of the house. If there is any dispute or credit problem relevant to Party A, he shall be responsible for the dispute and bear lawsuit responsibility collateral, thus compensate any economic losses caused thereof. Party B shall assure the above-mention house is for office purpose only.   V. During leasing term, Party A shall promise to bear following responsibilities:   1. Above-mentioned house shall accord with leasing house requirements;   2. If the house needs to be sold or pledged, Party A shall inform Party B three (3) months in advance.   VI. During leasing term, Party B shall promise    


 
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