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Lessor (Party
A): Laiyang Jiangbo Pharmaceutical Co., Ltd.
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Middle Section,
Longmao Street, Economic development Zone (Waixiangxing industrial
park)
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Lessee (Party
B): Jiangbo Chinese-Western Pharmacy
Address: Block
A, No.1 Dasi Street
With full
consultation among party A and party B, a leasing contract is
agreed to signed with following terms:
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a.
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Party A leases
to Party B the properties located in block A, No.1 Dasi Street and
No.7 Fushui Road, with building area of 4792 square meters and 3616
square meters usable room area. Lease period: from Dec 6, 2007 to
May 4, 2010.
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b.
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Rent: Party B
shall pay Party A in the amount of RMB 333,300.00 Yuan on May 2008
for the period from Dec 6, 2007 to May 4, 2008 based on the annual
rent of RMB 800,000.00.
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The annual rent
will be RMB 2,200,000.00 Yuan starts from May 5, 2008 to May 4,
2010.
The rent of
2,200,000.00 for 2008 shall be paid to Party A on May 2008 and the
rent of 2,200,000.00 for 2009 shall be paid on May 2009.
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c.
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The rent
doesn’t included related real estate taxes, individual income
taxes and water and electrical charges, cleaning fees, housing
Management costs and party B shall pay for these related
fees.
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d.
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Party B must
pay rent on time. Party A has the right to take back the house if
Party B owe more than three months of rent.
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