Document:

exv10w8

 

Exhibit 10.8

Supplements to Lease Contract

No: City Construction & Development WuJingZuZi (2003) No. 79

Lessor:

Guangzhou Urban Construction & Development Co., Ltd (hereinafter referred to as
Party A)

Lessee:

Guangzhou Media Message Technologies Inc. (hereinafter referred to as Party B)

This Supplement Contract is reached by and between both parties concerning
house lease by Party B from Party A for office use in accordance with the laws
and regulations of PRC on the principles of equality and mutual interests via
friendly negotiation.

Chapter 1 Address and Use of Property

	1.1	 	Address and area of property: Building 10, New Creativity Mansion, No.
123, Tiyu West Road, Tianhe District, Guangzhou City with a leasing area
of 1486.404 square meters. Party A shall provide the property to Party B
with status in quo.
	 
	1.2	 	If the leasehold area is less or more than that stated in the Clause 1.1
of the supplement contract through actual measurement by Guangzhou Housing
Administration Bureau or other agencies approved by the local government,
the house rent shall be calculated by actual area with refund for any
overpayment or a supplemental payment for any deficiency.
	 
	1.3	 	Party A agrees Party B to use the leasehold as office and operate legally
without any interference from Party A. Henceforth, if Party B applies the
leasehold for other purposes without written agreement given by Party A,
Party A has the right to interdict or terminate the supplement contract in
advance and Party B shall be responsible for all economical and legal
liabilities.

Chapter 2 Term of Lease

	2.1	 	The term of the supplement contract shall be 3 years since 26 September
2003 to 25 September 2006 with 3 months of fitment for exemption of rent
(i.e., pay the rent since 26 December 2003).
	 
	2.2	 	If Party B terminates this contract in 3 months advance written notice
after completing 24 months rental period, it can return the premises after
settling all the payments and Party A shall refund deposit to Party B
without interest.

Chapter 3 Rent and Payment Method

	3.1	 	The unit price of rent is 80 Yuan per square meter per month and monthly
rent is 118.912 Yuan. If the rent is calculated by natural month and the
lease term is less than a natural month, the rent of leasehold shall be
counted by “monthly rent x days of actual lease /30”.
	 
	3.2	 	Party B shall pay the lease rent to Party A before the fifth day of each
month (postponed to the first

 

 

	 	 	working day after any legal holiday if there is), and Party A shall offer
legal tax invoices to Party B within 3 days since receiving the rent. On the
date of signing this supplement contract, Party B shall pay the rent for the
first two months (i.e., the rent for the period from 26 December 2003 to 31
January 2004) in the total of 142, 69404 Yuan.
	 
	3.3	 	The second method is applied by Party B for rent payment:

	(1)	 	Submit the payment at the Financial Office, Property Operation Department,
Building 13, No 189, Tiyu West Road, Guangzhou;
	 
	(2)	 	Bank transfer (Account Name: Guangzhou Urban Construction and Development
Co., Ltd; Account No: 4405-8130101-20000567-12; Opening Bank: Tianhe
Sub-branch, Guangzhou, China Construction Bank): Party B shall fax Party A
the bank in slip before the fifth day of every month, and the receipt is
effective upon the confirmation from Party A.

Chapter 4 Delivery of Property

	4.1	 	Party A shall deliver the property in status quo to Party B on 26
September 2003 when the representatives from both parties shall be
presented to inspect the handover of leasehold and sign relevant
confirmation letter.
	 
	4.2	 	All electric equipment in the leasehold shall be installed by Party B at
its own cost.

Chapter 5 Performance Guaranty Money

	5.1	 	Party B shall pay a Performance Guaranty Money equivalent to the amount
of 2 months’ rent to Party A (i.e., RMB 237,824.00 Yuan).
	 
	5.2	 	When the supplement contract expires or conditions of Clause 2.2 are met,
and after, the exactly amount of the Performance Guaranty Money without
interest shall be refunded from Party A to Party B within 14 days after
Party B has settled all the payment without violating any part of this
supplement contract.
	 
	5.3	 	In the event that Party A fails to deliver the property on 26 September
2003 and Party B agrees to a postponed devilry, the lease commencement
date shall be also postponed accordingly, where an overdue delivery shall
not be considered to be committed by Party A. Nevertheless, if such
inaction of Party A continues after 8 October 2003, Party B shall have the
right to determine either rescinding this supplement contract, where Party
A shall refund the rent as well as the deposit to Party B within seven
days since being informed of the cancellation of this contract without
further compensation liability, or proceeding with this lease, in which
case Party A shall render a penalty as prescribed in Clause 12.1.

Chapter 6 Other Payment

	6.1	 	All fees and charges arising during the actual operation period
(including fees for water and electricity usage) shall be paid by Party B
at its own cost to the concerned agencies on the basis of monthly actual
usage.
	 
	6.2	 	Party B shall pay the telephone installation fee and telephone charges to
the Telecommunication Bureau at its own cost.
	 
	6.3	 	Guangzhou Huigao Property Management Co., Ltd is responsible for the
property management of the leasehold. After signing of this supplement
contract, Party B shall register use of property to the management office
of this mansion and sign a Property Management Contract. A monthly
management

 

 

	 	 	fee of 16 Yuan per square meter shall be paid directly to Management Company
(standards and scope of property management service are detailed in Property
Management Contract).
	 
	6.4	 	Each party shall be responsible for stamp tax and registration fee
occurred related to this supplement contract respectively according to the
government regulations.

Chapter 7 Rights and Obligations of Party A

	7.1	 	Party A guarantees its genuine proprietorship of the property and use of
land where such property stands.
	 
	7.2	 	Party A shall provide two parking lots to Party B free of charge in the
term of this supplement contract.
	 
	7.3	 	Party A shall provide the property to Party B as regulated in Article 4
and guarantee the property up to the safe code and suitable for office
use.
	 
	7.4	 	During the lease term, Party A shall supply the right of use of the
public area and facilities of Floor 10, New Creativity Mansion to Party B
free of charge. Any reconstruction plan Party B intends to conduct at its
own cost to the public areas shall be approved by Party A in written form.
Party B shall restore the fitment and facilities of pubic areas to its
original conditions before moving out from the leasehold.
	 
	7.5	 	When Party B transacts various applications and registrations, Party A
shall provide relevant drawings, materials and all necessary cooperation.
Party B shall be responsible for such application and registration
procedures at its own cost.
	 
	7.6	 	Party A shall have the right with consent given by Party B in advance to
enter into the leasehold to inspect its structure. In the valid period of
this supplement contract, a written inform shall be delivered to Party B
to Party A for any intended maintenance engineering to the leasehold’s
structure. In such case, Party B shall provide cooperation without
justifiable reason and Party A shall give certain deduction or exemption
of the rent based on to what degrees its construction has influenced
operation of Party B.
	 
	7.7	 	During the lease term, Party A shall inform Party B in written form of
its intention to transfer the leasehold three months in advance and Party
B shall respond expressly to such intention of transfer within ten days
since its receipt, or otherwise, it shall be considered to give up its
preemption. Any change of leasehold’s proprietorship dose not affect this
lease by Party B. Party A guarantees to make the transferee familiar with
rights and obligations of both parties under this supplement contract. The
transferee shall be entitled to all rights and obligations of original
lessor since such transfer takes effective.
	 
	7.8	 	During the lease term, Party A shall offer any necessary cooperation in
case that Party B or its affiliated enterprises that are actually using
this leasehold are required to register to the administrations for
commerce and industry or the taxation bureau or to apply for other
relevant license or documents.
	 
	7.9	 	Party A shall be responsible for maintenance and repair of main
structure, wall, drainage facility, pipe, wires and etc. and guaranty
normal supply of water and electricity supply except force majeure and
other factors not caused by Party A.
	 
	7.10	 	After the fitment project is completed, Party A shall assist Party B to
pass the fire fighting inspection and others required by the government.

	7.11	 	Party A shall be responsible for all the losses of building and its
lessees and personal or assets safety due to its own fault.

 

 

Chapter 8 Rights and Obligations of Party B

	8.1	 	Party B shall not use the property for other purpose not
specified by this supplement contract without the written
agreement of Party A and approval from affiliated agencies of
government. Party B pledges that all of its business activities
inside the leased property shall accord with laws and
regulations of China and not to carry any illegal activity, or
otherwise, shall bear the legal sequences arising out therein.
	 
	8.2	 	Party B shall pay all the rents and charges to Party A as
scheduled by this supplement contract in full amount.
	 
	8.3	 	Any intended inner fitment to the leasehold of Party B shall
not affect its structural and use safety and the construction
shall not be commenced unless the engineering plan has been
agreed upon by Party A and the management office of the mansion
and reported to the concerned authorities. If the fitment
involves connection, modification or move of air conditioning
and fire fighting systems, a written consent from the management
office of the mansion is a must. Such fitment project shall be
undertaken by the appointed construction team by the management
office, the relevant costs payable by Party B. After completion
of the fitment, Party B shall report to the management office
and the concerned authorities for inspection so as to determine
whether the construction meet up to the approved criterion.
	 
	8.4	 	Except for the need of operation, Party B shall not store
any flammable and explosive in the leasehold and shall be
responsible for all the losses of the building and its lessee or
accident that endangers the safety of people’s body and finance
caused by wrong use or breach of duty of Party B.
	 
	8.5	 	During the lease term, Party B shall take charge of the
repair of the equipment and facilities as well as the repair and
maintenance of conditioner mainframe system.
	 
	8.6	 	Party A agrees that Party B may re-let or sublet all or part
of the leasehold to its affiliated institutions, which shall
have the same rights with Party B in the valid period of the
supplement contract. The affiliated institutions include
Guangdong Sina Internet Information Service Co., Ltd, Beijing
Sina Information Technology Co., Ltd, Beijing Sina Internet
Information Service Co., Ltd, Beijing Sina Interactive
Advertising Co., Ltd, Beijing Star-Village.com Cultural
Development., Co., Ltd , Star Village.com (Beijing) Internet
Technology Ltd. and any other institutions controlled directly
or indirectly by Sina Group that Party B has informed Party A in
the written form in advance.
	 
	8.7	 	Party A possesses the legal property right of Floor 9 of New
Creativity Mansion. Party B shall have the preemptive right to
lease part or all of the leasehold in 12 months since the
supplement contract comes into effect under the following
conditions:

	(1)	 	Party A intends to lease this property;
	 
	(2)	 	If any third party intends to lease this property, Party B shall
express its willingness to accept such lease or not within 10 working
days since being notified in writing from Party A;
	 
	(3)	 	The condition provided by Party B shall be superior to that of the
third party.
	 
	(4)	 	Both parties shall sign a written lease contract.

Chapter 9 Insurance

	9.1	 	During the lease term, Party A shall be responsible for the insurance of
the chief structure of the building.
	 
	9.2	 	During the lease time, the insurance against any and all assets devoted
by Party B and its operations shall be covered by Party B.

 

 

Chapter 10 Expiration & Termination of Supplement Contract

	10.1	 	During the lease term of this contract, the supplement contract may be terminated in advance via
negotiation by both parties.
	 
	10.2	 	Party A has the power to terminate the supplement contract in advance and require compensation from Party
B for all its losses under either of the following conditions:

	A.	 	Rent payment is overdue for over one month by Party B;
	 
	B.	 	Party B applies the property for other use without written agreement of Party A;
	 
	C.	 	Party B relets the property to others without written consent from Party A;
	 
	D.	 	Party B applies the leasehold for any illegal activities that impair public interests;
	 
	E.	 	The total default of water, electricity or property
management fees is more than one month’s rent.

	10.3	 	If Party A has breached any guarantee or liability under this supplement
contract and fails to render any remediation in the remedy period noted by
Party B that results in abnormal use of the leasehold, Party B shall have
the right to terminate the supplement contract in advance and request
compensation from Party A for all its losses arising from therein.

Chapter 11 Relet and Treatment of Property after Expiration

	11.1	 	Upon expiration of this contract, Party B shall propose extension of
lease in written form to Party A 3 months in advance if it intends. Under
equal condition, Party B shall have the priority to relet the leasehold.
	 
	11.2	 	When the supplement contract expires, Party A agrees Party B to relet
this leasehold for another 2 years (i.e., from 26 September 2006 to 25
September 2008) under the following conditions:

	(1)	 	Party B proposes its releting intention to Party A 3 months prior to the
expiration of the supplement contract;
	 
	(2)	 	All articles and clauses of the lease contract remains still except for
those concerning agreements of rent;
	 
	(3)	 	The specific amount of rent shall refer to the market standard (such as
the mansion) when both parties sign the relet contract. On the increasing
of the rent, the amplitude of releting rent shall be no more than 5% of
that as stipulated in this supplement contract;
	 
	(4)	 	Both parties sign a written relet contract.

	11.3	 	In case of termination in advance, cancellation or expiration of this
supplement contract, Party B shall return of the leasehold in a status
when such party moving from therein to Party A and have the right to
remove and resume all equipment and facilities invested by itself,
excluding those that have been inlaid into the main structure of the
leasehold. Party B shall move all its equipment and facilities out from
the leasehold within 7 days since expiration or advanced termination and
cancellation of this supplement contract.

 

 

Chapter 12 Default Liabilities

	12.1	 	In the event that Party B cannot use the leasehold normally owing to
Party A’s overdue delivery or any other reasons, Party B shall be entitled
to a penalty equal to 2‰ of the monthly rent as well as right of recourse
for any loss arising from therein from Party A during such period.
	 
	12.2	 	In case that Party B fails to pay the rent in full amount to Party A as
prescribed in this supplement contract, Party A shall have the right to
collect a late fee amounting to 2‰ of the monthly rent for each overdue
day, as well as seek compensation for any loss arising from therein from
Party B.
	 
	12.3	 	Any unilateral termination of this supplement contract shall be deemed as
a breach of this supplement contract except for the termination clause
expressly stated in this supplement contract. The breaching party shall
compensate the other party for any loss arising from advanced termination
of this contract.
	 
	12.4	 	In addition to the aforesaid stipulations contained in the previous
clauses, either party that violates this contract shall render corrective
actions within seven days since being notified by the other party, unless
otherwise regulated by this supplement contract, which if fails, the other
party shall have a right of recourse. Nevertheless, whether the
non-breaching party gives notification of breach to the breaching party
shall not be considered as a precondition to claim indemnity from
breaching party.
	 
	12.5	 	Party B shall not throw this lease in the first 24 months of the lease
term. Otherwise, the deposit shall not be refunded.

Chapter 13 Force Majeure

	13.1	 	In the event that either party can neither continue to perform its
obligations under this contract for over thirty days nor render any remedy
within 30 days owing to any force majeure, including but without
limitation to explosion, fire, lightening, earthquake, typhoon, war, riot
or civil strife, the other party may propose termination of this
supplement contract in written form. In such case, either party shall be
waived from any liabilities for breaching. Simultaneously, Party A shall
refund the deposit, the rent for the rest of lease term as well as other
payment to Party B.

Chapter 14 Notice & Its Delivery

	14.1	 	Any notice in relation to this supplement contract shall be in writing in
Chinese language from one party to another party. The delivery time for
such notice shall be the delivered time if by any designated person, or
confirming time if by fax. Any notice delivered directly by designated
person shall be signed by the recipient and sealed with the company’s
common seal and shall be considered to have been delivered, if by mail,
upon signing and receipt by any recipient.

Chapter 15 Settlement of Disputes

	15.1	 	Both parties shall seek settlement for any disputes taking place when
performing this supplement contract through consultation with goodwill,
which if fails, either party may file a suit to the competent people’
court for settlement of such dispute.

 

 

Chapter 16 Effectiveness of Supplement Contract & Miscellaneous

	16.1	 	Both parties agree to do its best not to disclose this supplement,
especially those articles concerning the rent and other contents, to the
mass media or the public.
	 
	16.2	 	The conclusion, effectiveness, explanation, performance and settlement of
disputes of the supplement contract shall be governed by the laws of
People’s Republic of China. In case of any contradiction between this
supplement contract and the standard lease contract compiled by Guangzhou
Housing Administration Bureau, this contract shall prevail.
	 
	16.3	 	This contract is made into 7 copies, 6 copies for Party A, 1 copy for
Party B, all with equal binding force.
	 
	16.4	 	Both parties may make other complements to this supplement contract for
any issue not covered by this contract with reference to the relevant laws
and regulations of the state, which shall have equal binding force.
	 
	16.5	 	This supplement contract shall come to effect since the date when being
signed and sealed by the representatives of both parties.

Lessor (Party A): Guangzhou Urban Construction and Development Co., Ltd

Legal address: Urban Construction Mansion, No.189, Tiyu West Road, Guangzhou

Authorized representative: /s/

Tel: 020-39-8799388

Lessee (Party B): Guangzhou Media Message Technologies Inc.

Legal address: Room 1201, Tian he Business Building, No 8 Zhong Shan AV.W
Guangzhou , China

Authorized representative: (Signature) /s/ Cai Fung

Tel: 020-87579569

Date of Signing:               September 2003exv10w9

 

Exhibit 10.9

Lease Contract

Of Floor 16, Building C, Area A, SOHO

This contract is signed by and between the following parties in Haidian
District, Beijing:

Lessor: Beijing Wanyujiaye Real Estate Agency Co., Ltd (hereinafter referred to
as “Party A”)

Registered No:1100002553465(1-1)

Legal Address: Floor16, Yifa Hotel, No.56 Xiaoguan, Dongzhimen Wai, Dongcheng
District, Beijing

Legal Representative: Hao Meilan

Lessee: Beijing Sina Information Technology Co., Ltd (hereinafter referred to
as “Party B”)

Registered No.: QiHeJingZongFuZi No. 006990

Legal Address: No. A1, Wanquanzhuang, Haidian District, Beijing

Legal Representative: Cao Guowei

The following agreements concerning house leasing are reached by both parties
in accordance with the principles of equality and mutual interests via friendly
negotiation:

	1.	 	Property for Lease
	 
	1.1	 	Party A agrees to lease its office units located on Floor 16, Building C,
Area A, SOHO, No. 88, Jianguo Street, Chaoyang District, Beijing, PR China
(hereinafter referred to as the “Leasehold”) with 1,943.38 square meters
of building area and 1,390.88 square meters of usable floor space to Party
B for office use.

	 
	1.2	 	
The specific location of the leasehold is illustrated in Appendix 1:
Ichnography and architecture of the Leasehold attached to this contract.
	 
	2.	 	Lease Term
	 
	2.1	 	The lease term for the said leasehold shall be four years since 16 January
2004 to 15 January 2008.
	 
	2.2	 	Party B may propose extension of the lease three months before the expiry
of this contract. It is agreed by both parties via negotiation that Party
B shall have the priority rights to relet the leasehold under equal
conditions.
	 
	3.	 	Rent
	 
	3.1	 	The monthly rent for the leasehold is Fourteen (14) US dollars per square
meter (for building area), exclusive of fees and charges for property
management, water and electricity, telephone, parking and etc, and the
total rent for lease of the leasehold is twenty-seven thousand, two
hundred and seven dot

 

 

	 	 	three two (27,207.32) US dollars.
	 
	3.2	 	Party B shall pay full amount of rent per season, and the payment shall
be made to Party A by bank draft to Party A after being provided with
invoice in the same amount with the rent for the household from Party A on
the first Wednesday of each season.
	 
	4.	 	Deposit
	 
	4.1	 	Party B agrees to pay a deposit of fifty-eight thousand (58,000) US
dollars to Party A before 16 January 2004.
4.2 Party A shall refund the deposit to Party B with no interests within 15
working days since Party B finishes all payment still due and return the
leasehold to Party A upon expiration of this contract.
	 
	5.	 	Late Fee
	 
	5.1	 	
If Party B fails to pay the total charge stated in this Contract
in full amount, Party A shall have the right to collect a late fee
equal to 0.05% of the amount still due for each day after expiration.

	 
	5.2	 	
Party B shall be waived from paying any late fee for its untimely payment
of lease rent if such late payment is caused by Party A’s failure to
provide invoice timely or any other reasons.
	 
	6.	 	Rate of exchange
	 
	6.1	 	All payments under this Contract shall be made in RMB. The rate of
exchange between RMB and US dollars shall be that of US dollar median
price of Forex quotation of China Bank (refer to the previous date if new
rate of exchange is not available).
	 
	7.	 	Use of Leasehold
	 
	7.1	 	Party B shall have the right to use the leasehold in a reasonable manner
along the lines of this contract. Party A guarantees the rights of Party B
to use any public areas and equipments and facilities of the SOHO
(hereinafter refereed to as the “Mansion”) free of charge, but Party B
shall abide by the relevant regulations for the use of the public
equipments and facilities of the mansion formulated and issued by the
property management company (for those accepted in written by Party B
only).
	 
	7.2	 	Party A agrees that Party B may share all or partial of the leasehold
with its affiliated institutions with its status of principle lessee
remained. The affiliated institutions of Party B, defined as any
enterprises controlling Party B or controlled by Party B or by other
enterprise together with party B, shall enjoy all the rights that Party B
does. In such case, control means direct or indirect ownership of over 50%
stock rights, voting rights or management rights. It is further agreed by
both parties that the affiliated institutions of Party B shall include but
without limitation to Beijing Sina Internet Technology Service Co., Ltd,
Beijing Sina Internet Information Service Co., Ltd, Beijing Sina
Interaction Advertisement Co., Ltd, Beijing Xingchao Online Cultural
Development Co., Ltd, Guangzhou Xunlong Science & Technology Co., Ltd,
Guangdong Sina Internet Information Service Co., Ltd and any other
institutions that Party B has informed Party A in written form in advance.
	 
	7.3	 	Party A agrees that, during the lease term, Party B shall have the power
to sub-lease the leasehold to

 

 

	 	 	any third parties under the condition of unchanging leasing relationship of
the two parties and that Party A shall afford necessary assistance to the
sublease
	 
	7.4	 	During the lease term, Party A shall not disturb the legal use of the
house of Party B without reason and further guarantee no such disturbance
from any third parties.
	 
	7.5	 	Party A shall not set up any facilities that may influence the
daylighting or range of vision of the leasehold, including but not limited
to any scrolls, neon lamps, billboards, light boxes, lighting devices,
accompaniments and etc without consent in writing from Party B. Should the
developer of the mansion, the property management company or any other
third parties conduct such actions, Party A shall assist Party B to solve
the relevant disputes, otherwise, shall reduce the rent or compensate
Party B for any loss in relation to or arising from therein.
	 
	7.6	 	Party A agrees that Party B may put up some fitment in a reasonable
manner to the leasehold and may change the wiring of the general power
inputs, air conditioning equipment and fire fighting system (including
spray heads) of the leasehold at its own expenses.
	 
	7.7	 	With advance assent from Party B, Party A may enter into the leasehold at
the appropriate time with certain notice given. Except fire fighting or
other emergencies, such entering of Party A shall not affect normal
operations of Party B.
	 
	7.8	 	Within three months prior to the expiry date of this contract, Party A
shall not take any potential lessee into the leasehold for inspection
unless being approved by Party B. Party B shall not refuse the said
requirement without reason, but Party A shall not influence normal
operations of Party B when inspecting.
	 
	8.	 	Maintenance and repair
	 
	8.1	 	During the lease term, Party A shall be responsible for maintaining and
repairing the main building structure, walls, drainage facilities,
pipelines, wires and etc in accordance with the national regulations
concerning building management.
	 
	8.2	 	Party B shall be liable for any and all damages of the facilities caused
by any intended conduct or negligence of Party B.
	 
	9.	 	Area of Leasehold
	 
	9.1	 	Party B shall make the payment of rent to Party A according to the
on-the-spot measured area conducted by Beijing house administrations or
other state-accredited agencies. If the figure measured out by Beijing
house administrations or other state-accredited agencies differs from that
stated in Clause 1 of this contract, the rent shall be calculated
according to the actual measured area and the specified amount of it shall
be modified.
	 
	9.2	 	In case that the on-the-spot measured area is less than the area provided
by Party A, Party A shall refund the excessive rent to Party B within five
working days since the date when Beijing house administrations or other
approved agencies complete the measurement and Party B shall make rent for
deficiency if the actual measurement area is more than that stated in
Clause 1.
	 
	10.	 	Retrocession of Leasehold
	 
	10.1	 	Party B shall retrocede the leasehold to Party A when this contract
expires or terminates due to other

 

 

	 	 	reasons. If the leasehold is not materially damaged, Party A agrees that
Party B need not restore the leasehold to its original condition or make any
changes to it.

	11.	 	Property Management
	 
	11.1	 	Party B shall pay the property management fee to the property management
company at its own expenses during the leasehold.
	 
	11.2	 	Under the condition of normal payment of property management fee by Party
B, if Party B can not use the leasehold normally due to any reason caused
by the property management company, Party A shall provide assistance to
solve the problem. If such situation continued for over 15 days or 30 days
in total and Party A still fails to solve it, Party B shall have the power
to terminate this contract.
	 
	11.3	 	Party B shall be liable for paying those fees for the consumptions of
water, power, telephone and etc that are not covered in the property
management fees.
	 
	12.	 	Declaration, Commitment and Undertaking
	 
	12.1	 	Each party makes the following declarations, commitments and undertakings
to the other party:
	 
	12.1.1	 	To be a company that is legally built up and operated;
	 
	12.1.2	 	To be qualified for any trade under this contract that is covered in its
registered business scope;
	 
	12.1.3	 	To have full capacities to make and enter into this contract and its
representative has been fully authorized to sign this contract;
	 
	12.1.4	 	To have full capacities to perform its obligations under this contract
without violation of any legal documents that are binding;
	 
	12.1.5	 	Not subject of any liquidating, dissolving or bankrupting procedure.
	 
	12.2	 	Party A pledges to Party B that:
	 
	12.2.1	 	The ownership of the leasehold enjoys full proprietorship of the
leasehold by operation of law;
	 
	12.2.2	 	Party A has obtained all necessary authorizations to perform its
obligations under this contract from the proprietor of the leasehold.
	 
	12.2.3	 	Party A has gained all approvals and permissions needed for the
leasehold including but not limited to written consents from the
mortgagor.
	 
	12.2.4	 	The leasehold and the mansion meet the requirements of laws and rules
concerning use of office as well as the normal business operation of Party
B
	 
	12.2.5	 	Within 10 working days since this contract comes into effect, Party A
shall provide documents giving assents to all rules of this contract
issued by the owner of the leasehold to Party B.
	 
	13.	 	Breaching Liabilities
	 
	13.1	 	Any breach of any articles of the contract directly or indirectly or no
commitment or commitment out of time insufficiently to the obligations of
the contract shall constitute breach of the contract. The party that
observes the contract (hereinafter referred to as “the Non-breaching
Party”) shall have the right to request the breaching party by written
notice to make corrections to its breaching actions and avoid any negative
result with sufficient, effective and timely measures taken, and to
compensate for any and all losses of the non-breaching party.
	 
	13.2	 	After any breaching occurs, the non-breaching party, if holding that the
breaching has resulted in

 

 

	 	 	impossibility or unfairness for the non-breaching party to perform the
relevant obligations under this contract with reasonable and objective
discretion applied, shall have the power to discontinue its relevant
obligations of this contract with written notice sent to the lessor until
the breaching party stops its breach of the contact, take sufficient,
effective and timely measures to avoid the bad results, and compensate for
the losses of the non-breaching party due to its breaching actions.
	 
	13.3	 	The indemnification that the breaching party makes to the non-breaching
party shall include any direct economic losses and other predictable
indirect losses or excess expenses that occur to the non-breaching party
due to violation of the contract by the breaching party, including but not
limited to attorney fees, legal costs, arbitration fees, financial
expenses, travel expenses and etc.
	 
	13.4	 	All the parties agree specifically that, if either exterminates this
contract unilaterally, the breaching party shall pay 1,000,000 US dollars
to the no-breaching party, and thereafter, the breaching party need not to
be responsible for any other breaching of this contract, unless the actual
losses resulted from breaching action done by no-breaching party exceeds
1,000,000 US dollars.
	 
	14.	 	Force Majesture
	 
	14.1	 	Force Majesture refers to those circumstances that both parties of the
contract cannot control, foreseen or avoid even it is predictable, which
hinders, affects or delays any party to perform all or part of its
obligations under this contract, including but not limited to governmental
actions, natural disasters, wars or any other incidents of the same
nature.
	 
	14.2	 	The party that is confronted with any force majesture shall give notice
of the circumstances to the other party via the fastest tool.
	 
	14.3	 	The suffering party may be relieved from undertaking its obligation of
this contract until the impacts of the force majesture are eliminated
without bearing any responsibilities. However, the suffering party shall
provide legal certifications issued by the local notary office (or other
appropriate agencies) where the affair took place for the force majeure to
the other party. If the party fails to provide the said certifications,
the other party shall have the rights to ask the suffering party to take
the liabilities for breaching the agreement conforming to the relevant
regulations of this agreement.
	 
	14.4	 	Should any force majesture occurs, both parties shall do their best to
diminish the negative influences of the circumstances. Any party that
fails to perform the said obligation shall be held liable for any losses
resulted in relation to or arising therein.
	 
	15.	 	Effectiveness, Modification, and Termination
	 
	15.1	 	This contract shall become effective since the representatives of the two
parties sign and seal this contract and terminate upon expiration of the
lease.
	 
	15.2	 	Either party shall have the right to terminate this contract unilaterally
in writing if any of the following situations is resulted:
	 
	15.2.1	 	The breaching party fails to correct its breaching actions or take
sufficient, effective, timely measures to eliminate breaching results and
compensate for the losses in relation to or arising out of the breaching
actions of the breaching party within 30 days since the date when
receiving the breaching notice from the non-breaching party;
	 
	15.3	 	If any force majesture that influences performance of obligations under
this contract by either party

 

 

	 	 	last for 15 consecutive days or 30 days in total, both parties shall make
negotiations friendly concerning continuous execution of this contract and
either party shall have the power to terminate this contract without consent
from the other if no agreement is reached.
	 
	15.4	 	Party B may cancel the contract unilaterally if any of following
situations occurs:
	 
	15.4.1	 	Any situation described in Clause 11.2 of this contract occurs; or
	 
	15.4.2	 	Party A breaches any guarantee contained in Article 12 of this contract;
or
	 
	15.4.3	 	The mansion and the leasehold cannot be normally used due to force
majesture and/or other reasons not caused by Party B (excluding damages
made by Party B directly or indirectly for its negligence or other acts
during the leasehold term), Party B shall have the right to give written
notice for the termination to Party A, and Party A shall refund the
deposit and rent to Party B.
	 
	15.4.4	 	In virtue of withdrawing of engagement from the owner or any other
reasons, Party A does not have legal and integrated right to lease house
under the contract to Party B.
	 
	15.5	 	Party A may cancel the contract unilaterally if any of following
situations occurs to Party B:
	 
	15.5.1	 	Any illegal business operation against the laws and regulations of the
country; or
	 
	15.5.2	 	Application of the leasehold for other purposes without authorization
	 
	15.6	 	The early termination of this contract shall not affect any rights and
obligations that have been bound to either party according to this
contract before the date of termination.
	 
	15.7	 	Neither party has power to terminate the contract in advance unless such
termination is based on the relevant laws and regulations or any
stipulation of the contract.
	 
	16.	 	Service of Notice
	 
	16.1	 	Any notice from one party to other party shall be delivered by person in
writing, fax, telegraph, telex, e-mail, or prepaid registered letter,
express mail service. The delivering date of notice by person, fax,
telegraph, telex, e-mail shall be the arriving date, while, for the notice
sent by prepaid registered letter and express mail service, the third day
after the notice is sent out shall be the arriving date.
	 
	16.2	 	All notices under the contract shall be sent to the following receivers
and addresses unless they are modified by written notice given from one
party to the other party:
	 
	 	 	Lessor: Beijing Wanyujiaye Real Estate Agency Co., Ltd

Address: No. 48, Xisihuan South Street, Fengtai District, Beijing

Contact: Shi Baoshan

Mobile Phone: 13693345586
	 
	 	 	Lessee: Beijing Sina Information Technology Co., Ltd

Address: Floor 16, Building C, Area A, SOHO, No. 88, Jianguo Street,
Chaoyang District, Beijing

Contact: FuYi

Mobile Phone: 13910012137
	 
	17.	 	Settlement of Disputes
	 
	17.1	 	Both parties shall seek settlement for any disputes over interpretation
and performance of terms of this contract through consultation with
goodwill.
	 
	17.2	 	If consultation fails, both parties shall propose the disputes to China
International Economic and Trade

 

 

	 	 	Arbitration Commission (CIETAC) for settlement according to its existing
arbitration rules. The arbitration shall be conducted in Beijing and working
language shall be Chinese. The arbitrament shall be final and binding on all
disputers.
	 
	17.3	 	Laws and regulations of PRC shall be applied for conclusion,
effectiveness, execution, interpretation and settlement of disputes
concerning this agreement.
	 
	18.	 	Miscellaneous
	 
	18.1	 	This contract is made into one original with two copies, one for each
party, both with equally authentic.
	 
	18.2	 	Both parties may make modifications and supplements to this contract in
written form. All the modified agreement and supplement are parts of this
contract, with the same legal binding force as this contract.
	 
	18.3	 	Any article or clause of this contract shall be deleted if it becomes
invalid or unexecutable entirely or partially due to its contradiction to
the laws or government rules or any other reason, which however, shall not
affect the legal binding force of other articles or clauses of this
contract.
	 
	18.4	 	Either party’s failure or delay to perform its rights, power or privilege
under this contract shall not be deemed as abandon of such rights, power
or privilege, unless otherwise stipulated. Independent or partial
performance of its rights, power or privilege by either party shall not
cause any obstacle to its further execution of other rights, power or
privilege.
	 
	18.5	 	This contract shall be all and entire agreements concerning the house
lease between both parties and replace all oral and written agreements,
entente and reports concerning the house lease reached by and between
beforehand or currently. No other evident or implied obligations or
commitments exist between both parties except for those stipulated
specifically by this contract.

	 	 	 
	Beijing Wanyujiaye Real Estate Agency Co., Ltd

	 	Beijing Sina Information Technology Co., Ltd
	 
	 	 
	Authorized Representative:

	 	Authorized Representative:
	Signature & Seal

	 	Signature & Seal

	 
		
	Date: 29 (Day) 9 (Month) 2003 (Year)

	 	Date: 29 (Day) 9 (Month)2003 (Year)

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