Lease Contract
Lessor: China Academy of Science & Tech Development Ltd.
(CASTD)
Address: No.1 High-tech South St, NanShan District, Shenzhen
Post Code:
Agent:
Address:
Post Code:
Lessor: WealthCraft Systems (ShenZhen) Ltd. (WealthCraft)
Address:Room B01,B02, AnLian Plaza, 2222 JianTian Road, FuTian
District,SZ
Post Code:
Enterprise Register/ID Number:
Agent:
Address:
Post Code:
This Contract is issued According to
((People's Republic of China Contract
Law)), ((People's Republic of China City Housing Management Law)),
((ShenZhen
Housing leasing regulations)) and the details by WealthCraft &
CASTD agreement.
1. CASTD rent Room 701,703, Incubator Building,
China Academy of Science &
Tech Development, No.1 High-tech
South Street, NanShan District, ShenZhen,
the housing
code:4403050070040700004000007 to WealthCraft. Leasing house
total building area: 340.09 m^2,
total floors: 9
<PAGE>
Lease Obligee: China Academy of
Science & Tech Development Ltd ; Real
estate Certification Name / No: Shen
Gui Jian Xu Zi No. [2002]N085
2. The Rent fee per month per Square Meet is RMB
40.00 . Total monthly Rent
fee is RMB 13,604.00
3. WealthCraft should pay the first rent fee
before Feb.10,2009 , amount of
RMB 19,499.00 .
4. WealthCraft should:
|X| Before 10th of every month
|_| Before ___ date ___ month of
every quarter
|_| Before ___date ___ month of
every half year
|_| Before ___ date ___month of
every year
Pay the rent fee to CASTD; CASTD
should issue the invoice to WealthCraft
when receiving the rent.
(Mark |X| to choose above four
payment types by the compromising of CASTD
& WealthCraft)
5. The Rental Period from Jan.13th ,2009 to
Jan.12th ,2010
The Period above should not exceed
the Land-Use life, which is invalid for
the exceeded period.
6. Use for Rental: Plant
If WealthCraft use the house for
other purposes, should get the written
permission from CASTD, and apply for
housing using change to the
department of housing management
according to the relevant law &
regulations
<PAGE>
7. CASTD should deliver the house to WealthCraft
before Dec.31st ,2008 and
transact the relevant
procedures.
If CASTD deliver the house to
WealthCraft later than above time,
WealthCradft can request to postpone
the valid period of the contract.
CASTD & WealthCraft should sign
to confirm and record in The Contract
Authority.
8. When delivery the house, CASTD &
WealthCraft should confirm and list in
attached according to the current
condition, subsidiary property of the
house.
9. When CASTD deliver the house, can charge
WealthCraft __/__ months rent
for lease deposit, RMB 38,090.00
CASTD should issue the invoice to
WealthCraft when receiving the deposit.
The condition for refund the
deposit:
1.___See Attached_____
______________________________
2.__________________________________________________________
3.__________________________________________________________
|_| Satisfy one of them.
|_| Satisfy all
(check |X| to choose the two
manner)
One of the below condition occurs,
CASTD will not refund the deposit:
1.__________________________________________________________
2.__________________________________________________________
3.__________________________________________________________
10. During the period of rent, CASTD should pay the
land-use fee and the tax
according to housing rent, housing
rental management fee, __/__ fee;
WealthCraft should pay the utility
fee, cleaning fee, management fee,
RMB24/m^2 air condition using fee
and other expenses result in using the
house on time.
11. CASTD should make sure that the delivered house and
its subsidiary
facilities can achieve the purpose
for lease, and its security is
consistent with the provisions of
the relevant laws, regulations and
statutes.
WealthCraft have the right to
request the compensation Because of CASTD's
default which has taken the personal
/ property damage to WealthCraft in
the rental house.
12. WealthCraft should use the rental house and its
subsidiary facilities
reasonably, and should not use the
house to engage contraband; CASTD
should not disturb / obstruct
WealthCraft's natural, reasonable house
using.
13. WealthCraft should inform CASTD in time and take
effective measures if
possibly to prevent more loss when
the house appears unsecured, damaged,
failure which are not result in
WealthCraft's default during use; CASTD
should arrange maintenance or
consign WealthCraft to maintain in 7 days
after get the inform from
WealthCraft; WealthCraft is not able to inform
CASTD or CASTD doesn't discharge
obligation to repair in above period,
WealthCraft can take the maintenance
instead after record in Contract
Authority.
If the condition is too urgent to be
maintained immediately, WealthCraft
should arrange the maintenance first
and inform to CASTD in time.
The maintenance expenses related to
above two condition (including
WealthCraft's repair fees and the
reasonable fees which is to prevent more
loss) should be paid by CASTD.
WealthCraft pay the relevant expenses if he
doesn't fulfill his obligation which
is mention in above, doesn't inform
CASTD in time, doesn't take
effective measures if possible to take more
loss.
14. WealthCraft should inform CASTD in time and take
charge in maintenance or
