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Re: Sample. Tenancy Agreement. Commercial Page 1 of 9TENANCY AGREEMENT(Commercial)This TENANCY AGREEMENT is made this _day of _, 2007 between the Landlord _ (hereinafter referred to as the “Landlord” or Party A) and the Tenant _ (hereinafter referred to as the “Tenant” or Party B); WHEREAS the Landlord agrees to let and the Tenant agrees to take the lease of Unit _, _th floor of the office building located on _ (hereinafter referred to as the “Premise”) in accordance with the terms and conditions contained in this Agreement; andTHEREFORE it is mutually agreed by and between the Parties as follows:Party A (Landlord): Address:Telephone:Facsimile:Party B (Tenant): Address: Telephone:Facsimile:1. TENANCY1.1 Party A owns the office building located and erected on _ (hereinafter referred to as the “Office Building”) and therefore has the full right to dispose the offices in that Office Building. A copy of the Real Estate Ownership Certificate (Attachment I) issued by the local Real Estate and Land Administration authority showing that Party A is the legal owner of the Office Building shall be attached to and as a part of this Agreement. 1.2 Both Parties agree that the Premise shall include all equipment and fixtures in the Unit _, _ th floor of the Office Building. A list of all the equipment and fixtures (Attachment II) shall be attached to and as a part of this Agreement.Re: Sample. Tenancy Agreement. Commercial Page 2 of 9The Parties agree to count, check and agree on all items of the Premise contained in Attachment II upon signing of this Agreement.1.3 Party A represents and guarantees that 1.3.1 The Premise shall be clean, tenantable and free from any and all encumbrances in any manner when it is leased to Party B; 1.3.2 Party A shall have no outstanding bills for utilities charges, such as telephone, electricity, etc. in the Premise at the commencement date of this Agreement;1.3.3 Party A shall provide Party B with a complete right of continuous and non-interruption occupancy of the Premise during the lifetime of this Agreement; and1.4 Party A further represents and guarantees that in case there is any claim arisen out of or related to the Premise and/or the Office Building at the date of commencement of this Agreement Party A shall fully compensate Party B for any and all costs and expenses incurred by Party B therein. 2. TERM, EXPIRATION AND TERMINATION OF TENANCY2.1 TermThe Parties agree that the Premise is hereby leased for a term of _ years commencing on _, 2005 and expiring on _, 200_.In case Party B wishes to extend the lease upon expiration, Party B shall have the right of first refusal, that is, Party B shall be entitled to renew the lease upon equal terms and conditions of any third party, provided Party B gives a two-month prior written notice to Party A. The Parties shall negotiate and enter into a new agreement based on this Agreement.2.2 ExpirationUpon expiration of this Agreement, Party A shall be entitled to take back the Premise in full, and Party B shall deliver the Premise in full on the date of expiration. Re: Sample. Tenancy Agreement. Commercial Page 3 of 92.3 TerminationParty B is allowed to terminate this Agreement by giving a prior two-months written notice to Party A or paying an amount equivalent to two-months rental in lieu of notice. 3 RENTAL AND PAYMENT TERMS3.1 The rental for the Premise is _ only per month. 3.2 This rental amount includes all property fees, related taxes and charges, but is exclusive of charges on utilities (water, electricity, etc.) and of telephone fee, which shall be born by Party B.3.3 The rental shall be paid in advance on a quarterly basis. Party B shall make its rental payment before the first calendar day of each and every three-month payable to the following:Party As opening bank:Account name:Account number:Party A shall deliver an officially valid receipt to Party B for each and every payment made by Party B within 7 days after receiving each and every rental payment.3.4 Any and all other fees, charges and/or taxes arisen out of and related to this Agreement including but not limited to the property tax and rental tax, which Party A is required to pay in accordance with the relevant laws and regulations shall be paid solely by Party A.Party A agrees to indemnify Party B and to hold Party B harmless against any claim made or might be made with respect to fees, charges, and/or taxes by any third party in relation to the rent under this Agreement. 3.5 The rental cannot be increased during the term of this Tenancy Agreement.4 DEPOSITParty B agrees to pay a deposit of _ (hereinafter referred Re: Sample. Tenancy Agreement. Commercial Page 4 of 9to as the “Deposit”) to Party A within _ days upon signing of this Tenancy Agreement. The Deposit shall be payable into the account designated by Party A. Upon expiration or term
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