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EXHIBIT 10.3
Translated from the original Mandarin
Party
A (Landlord) Zhou Dan
Party
B (Tenant) SinoHub SCM Shanghai,
Ltd.
Based
on the laws and regulations of the People’s Republic of
China, Party A and Party B agree on the following
terms:
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1.
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Leasing
property, area, using purpose
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a)
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Leasing property: 3/F, No 769, Yun Qiao Road, Jinqiao Export Processing Zone,
Putong, Shanghai. The area is 1122.63m 2
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b)
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This property shall be used as both a warehouse and an office.
Party B shall notice Party A to change
the using purpose and finish relevant
procedures.
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c)
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Party
B shall take the management for the whole property
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a)
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From
2006-3-23 to 2011-3-22
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b)
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From
2006-3-23 to 2006-4-22, no rent charged for this decoration
month.
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c)
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Party
B shall negotiate with Party A about renewing this lease 90 days
before the Agreement expire date.
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a)
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Two
days after this Agreement goes into effect, Party A shall handover
leasing items to Party B, Party B agrees to lease the property
based on the current situation of leasing items.
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a)
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Deposit
shall be 2 months’ rent, RMB51,219
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b)
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For
the first 3 years, the rent shall be RMB0.75/m 2
/day. After the first 3 years, the rent shall be RMB0.79/m
2
/day, the change date shall be 2009-3-23
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c)
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Management
fee and agency fee: Party A shall take all management fee and
agency fee.
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d)
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Party
B shall apply for electricity and pay for all
expenses.
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a)
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Party
B shall pay 3 months’ rent in advance, with 2 months’
rent as deposit
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b)
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After
signing the Agreement, Party B shall pay Party A the deposit of
RMB51,219, and the first 3 months’ rent of RMB76829. The
total amount paid at signing shall be RMB128048. Party A shall
return the deposit to Party B within 5 days after the termination
of tenancy.
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6.
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Leasing
items transfer
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a)
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Leasing
items transfer shall not affect Party B. Party B has priority to
purchase leasing items. If Party B cannot use the property because
of leasing items transfer, Party A shall pay for any loss according
to 13. (d)
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7.
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Facilities
using, maintenance and repair
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a)
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Party
B shall be in charge of facilities maintenance and repair, Party A
has the right to inspect facilities condition.
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b)
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Party
B shall take actions to prevent from any kinds of error or
danger.
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c)
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Party
B shall be responsible for any damage caused to leasing
items.
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a)
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Party
B shall be in compliance with The Fire Protection Regulation of The
People's Republic of China, otherwise Party B shall be responsible
for all loss
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b)
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Fire
extinguisher shall be allocated to the property
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