Document:

Exhibit 10.1

 

Exhibit 10.1

AGREEMENT AND MUTUAL RELEASE

     This Agreement and Mutual Release (the “Agreement”) is entered into on May
11, 2003 by and between Sina Corporation (the “Company”), and Daniel Daolin Mao
(“Employee”).

RECITALS

     Employee has been employed by the Company and has entered into a
Confidential Information and Invention Assignment Agreement (the
“Confidentiality Agreement”), among other agreements, with the Company. The
Company and Employee have mutually agreed to terminate their employment
relationship and to release each other from any claims arising from or related
to the employment relationship as described below.

AGREEMENT

     In consideration of the mutual release of claims and promises set forth
below and other obligations under this Agreement, the parties agree as follows:

     1.     Termination. The Company and Employee acknowledge and agree that his
employment relationship with the Company will terminate on May 11, 2003 (the
“Termination Date”). The Company and Employee also acknowledge and agree that
commencing from the Termination Date, Employee will no longer serve as the
Company’s Chief Executive Officer and will resign from all positions held in
the Company’s subsidiaries and affiliated companies listed in the Exhibit A
attached hereto (all positions mentioned above collectively referred to as the
“Positions” and all companies listed in the Exhibit A collectively referred to
as the “SINA Entities”). The Company and Employee also acknowledge and agree
that Employee will remain as a Director on the Board of Directors of the
Company until the Company’s Annual Meeting of Shareholders held in year 2003
(“2003 Annual Meeting”); the Company may recommend, at its sole discretion,
Employee or any other persons as the nominee for election of Director at 2003
Annual Meeting to fill such position or reduce the size of the Board in
accordance with the Articles of Association of the Company. Likewise, Employee
may resign his position as a director at any time. If Employee is nominated
and elected as a director at the 2003 Annual Meeting, he shall be compensated
as an outside director beginning at such time. Employee shall deliver to the
Company such documents as the Company may reasonably request which he has
signed or is required to sign as an officer in the various Positions he held
prior to the Termination Date. Employee shall also deliver duly executed
termination letters for all Positions held by Employee and all other necessary
documents to effect such terminations and change of the registrations of the
Company and the SINA Entities.

     2.     Settlement Payment. In consideration for the release of claims set
forth below and other obligations under this Agreement and in full satisfaction
of the Company’s obligations to Employee under the terms of the Employment
Agreement between Employee and the Company, dated June 1, 2002 (the “Employment
Agreement”), the Company will provide

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Employee with the
following severance benefits, subject in each case to any applicable
income and employment taxes (“Settlement Payment”): (i) the Company will pay
Employee his current regular monthly base salary of $25,000 per month for the
period between the Termination Date herein and May 31, 2005 (the “Severance
Period”), which represents the end of the term of the Employment Agreement;
such payments shall be made ratably over the Severance Period according to the
Company’s standard payroll schedule; (ii) the Company will also pay Employee
$70,000 on the Termination Date, which represents the full bonus payable under
Section 4(c) of the Employment Agreement; (iii) on the Termination Date, the
Company will pay Employee all accrued vacation, which the parties agree is
twenty (20) days; (iv) the Company will reimburse Employee for any expenses he
has reasonably incurred in connection with his services to the Company up to
the Termination Date, excluding moving expenses, in accordance with the
Company’s policies; (v) during the Severance Period, the Company will pay for
the cost of health insurance benefits with the same coverage provided to
Employee prior to the Termination Date (e.g. medical, dental, optical, mental
health) and in all other respects significantly comparable to those in place
immediately prior to the Termination Date; and (vi) any currently unvested
stock options or shares of restricted stock held by Employee as of the date of
Employee’s termination of employment shall continue to vest up to the end of
the Severance Period, according to the vesting schedule set forth in any
agreement between Employee and the Company governing the issuance to Employee
of such securities, provided that any vested stock options or shares which have
not been exercised or purchased by Employee by the end of the 30 day period
following the end of the Severance Period shall terminate and be cancelled.
For the avoidance of doubt, it is acknowledged and agreed that vested options
currently held by Employee will not terminate until, and accordingly Employee
can exercise them until, 30 days following the end of the Severance Period.
Except as set forth in this Agreement, the Company and Employee agree that
after payment of the Settlement Payment, neither one will owe any amount of
money, shares or any other consideration to the other.

     3.     Outstanding Loans.

     (a)  On July 28, 1999, the Company provided a loan to Employee, pursuant to
a full recourse promissory note, in the principal amount of $600,000 with an
interest rate of 5.74% per annum. The entire principal amount of this loan,
plus accrued interest is currently outstanding. Employee acknowledges his
payment obligations under this loan and agrees to repay in full the outstanding
principal and accrued interest owed under this loan in accordance with the
terms and the conditions of the promissory note.

     (b)  Beijing SINA Information Technology Co., Ltd. (formerly known as
Beijing Stone Rich Sight Information Technology Co., Ltd.), a subsidiary of the
Company, provided Employee an interest-free loan of RMB 300,000 pursuant to a
Debt Transfer and Assumption Agreement dated August 15, 2001 (the “Debt
Transfer and Assumption Agreement). The entire principal amount of this loan
is currently outstanding. Employee acknowledges his payment obligations under
this loan and agrees to repay in full the outstanding principal and accrued
interest owed under this loan in accordance with its terms and the conditions.
Employee agrees to transfer all rights and obligations thereunder to a designee
of the Company immediately following the Effective Date of this Agreement.

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     4.     Transfer of Ownership. Employee acknowledges and agrees that he is not
the beneficial owner and shall not own any equity interest in the SINA Entities
as of the Termination Date. If there are any shares of any of the SINA
Entities standing in Employee’s name in the books of such company, Employee
agrees and undertakes to transfer his interest in such company to any person as
designated by the Company. Employee shall deliver to the Company duly executed
documents to effect such transfer and the change of the registrations, and such
other documents as reasonably requested by the Company from time to time.
Employee hereby warrants that he did not and will not pledge, sell, contract to
sell, grant any option, or otherwise transfer or dispose of any shares of any
of the SINA Entities standing in Employee’s name in the books of such company
as of the Termination Date, except to the parties as designated by the Company.

     5.     No Other Payments Due. Employee acknowledges and agrees that he has
received or will receive on the Termination Date all salary, accrued vacation,
commissions, bonuses, compensation or other such sums due to Employee other
than the Settlement Payment to be paid after the Termination Date pursuant to
Section 2 of this Agreement and other consideration set forth in this
Agreement. In light of the payment by the Company of all wages due, or to
become due to Employee, the parties further acknowledge and agree that
California Labor Code Section 206.5 is not applicable to the Parties hereto.
That section provides in pertinent part as follows:

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	 	NO EMPLOYER SHALL REQUIRE THE EXECUTION OF ANY RELEASE
OF ANY CLAIM OR RIGHT ON ACCOUNT OF WAGES DUE, OR TO
BECOME DUE, OR MADE AS AN ADVANCE ON WAGES TO BE
EARNED, UNLESS PAYMENT OF SUCH WAGES HAS BEEN MADE.

     6.     Disclaimer of Further Interest. Except as set forth in this Agreement,
Employee acknowledges that he has no right, title or interest in or to any
assets or other interest of the Company or any additional shares of the
Company’s capital stock under any agreement or other document, instrument or
arrangement with the Company. For the avoidance of doubt, it is acknowledged
and agreed that the Employee owns the options and restricted shares set forth
on Exhibit B attached hereto. Additionally, it is agreed that Employee may
retain his computer and cell phone that have been used by him in connection
with his employment with the Company, provided Employee shall be responsible
for any taxes associated with such arrangement and provided further that (i)
Employee is responsible for any phone charges after the Termination Date and
(ii) the Company may first copy and then erase any Company information stored
on the computer. In addition, the Company will maintain his Beijing apartment
for four months following the Termination Date, provided Employee shall be
responsible for any taxes associated with such arrangement. Finally, the
Company will maintain Employee’s email address at the Company so long as he is
a director of the Company.

     7.     Release of Claims. Employee agrees that the foregoing consideration
represents settlement in full of all outstanding obligations owed to Employee
by the Company and SINA Entities. Employee and the Company, on behalf of
themselves, and their respective heirs, executors, officers, directors,
employees, investors, shareholders, administrators, predecessor and successor
corporations, and assigns, hereby fully and forever release each other and
their respective heirs, executors, officers, directors, employees, investors,
shareholders, administrators, subsidiaries, the SINA Entities, predecessor and
successor corporations, and assigns from any claim, duty, obligation or cause
of action relating to any matters of any kind, whether known or unknown,
suspected or unsuspected, that either of them may possess arising from any
omissions, acts or facts that have occurred up until and including the date of
this Agreement under any and all applicable state, federal and foreign laws,
related to the Company or its affiliates or Employee’s employment or other
position with the Company or its affiliates. The Company and Employee agree
that the release set forth in this section shall be and remain in effect in all
respects as a complete general release as to the matters released. This
release does not extend to any obligations arising under this Agreement.

     8.     Civil Code Section 1542. The parties represent that they are not aware
of any claim by either of them other than the claims that are released by this
Agreement. Employee and the Company acknowledge that they are familiar with
the provisions of California Civil Code Section 1542, which provides as
follows:

			
	 	Section 1542. (General Release - Claims Extinguished)
A general release does not extend to claims which the
creditor does not know or suspect to exist in his
favor at the time of	

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	 	executing the release, which if known by him must have
materially affected his settlement with the debtor.

     Each party waives and releases any right or benefit which it has or may
have under Section 1542 of the Civil Code of the State of California to the
full extent that it may lawfully waive all such rights and benefits pertaining
to the matters and things released herein. In connection with such waiver and
release, each party acknowledges that it is aware that it may hereafter
discover claims or facts in addition to or different from those which it now
knows or believes to be true with respect to the matters released herein, but
that it is the intention of the parties hereto to fully, finally, and forever
settle and release all such matters and all claims relative thereto which do
exist, may exist or heretofore have existed. In furtherance of such intention,
the releases given herein shall be and remain in effect as full and complete
releases of any such additional or different claims or facts relative thereto.
Employee and the Company also agree to waive any rights they may have under any
other statute or common law principles of similar effect.

     9.     Effective Date. This Agreement shall be effective once it has been
signed by both parties; such date is identified on the first page of this
Agreement and is referred to in this Agreement as the “Effective Date.”

     10.     Confidentiality. The parties each agree to use their best efforts to
maintain in confidence the existence of this Agreement, the contents and terms
of this Agreement, and the consideration for this Agreement (hereinafter
collectively referred to as “Settlement Information”). Each party hereto
agrees to take every reasonable precaution to prevent disclosure of any
Settlement Information to third parties, and each agrees that there will be no
publicity, directly or indirectly, concerning any Settlement Information. The
parties agree to take every precaution to disclose Settlement Information only
to those employees, officers, directors, attorneys, accountants, governmental
entities, and family members who have a reasonable need to know of such
Settlement Information. Employee understands and acknowledges that Company may
be required to file a copy of this Agreement with the Securities and Exchange
Commission and to disclose its terms in Company’s next proxy statement.
Employee will cooperate with the Company in providing information with respect
to all reports required to be filed by the Company with the Securities and
Exchange Commission as they relate to required information with respect to him.
Further, Employee will remain in compliance with the terms of the Company’s
insider trading program with respect to purchases and sales of the Company’s
stock so long as such program applies to him.

     11.     Nondisclosure of Confidential and Proprietary Information. Employee
shall continue to maintain the confidentiality of all confidential and
proprietary information of the Company as provided in the Confidentiality
Agreement between the Company and Employee. Employee warrants that he has not
breached his obligations under the Confidentiality Agreement or this Agreement.

     12.     Non-Disparagement. Employee and the Company, on behalf of themselves,
and their respective officers and directors agree to refrain from any
disparagement, criticism,

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defamation, slander of each other and their respective officers and directors,
or tortious interference with the contracts and relationships of each other.

     13.     No Representations. Each party represents that it has carefully read
and understands the scope and effect of the provisions of this Agreement.
Neither party has relied upon any representations or statements made by the
other party which are not specifically set forth in this Agreement.

     14.     Costs. The Parties shall each bear their own costs, attorneys’ fees
and other fees incurred in connection with this Agreement; provided, however,
that the Company will reimburse Employee for up to $15,000 of legal expenses
incurred in connection with this Agreement.

     15.     Severability. In the event that any provision hereof becomes or is
declared by a court of competent jurisdiction to be illegal, unenforceable or
void, this Agreement shall continue in full force and effect without said
provision.

     16.     Entire Agreement. Except for obligations which continue after
termination of Employee’s employment relationship with the Company pursuant to
the Confidentiality Agreement and the continued application of Sections 8, 9,
10 and 11 of the Employment Agreement, this Agreement represents the entire
agreement and understanding between the Company and Employee concerning the
termination of Employee’s employment relationship with the Company and
supersedes and replaces any and all prior agreements and understandings
concerning Employee’s relationship with the Company and Employee’s compensation
by the Company. For the avoidance of doubt, the parties acknowledge that the
Indemnification Agreement dated August 1999 shall remain in full force and
effect in accordance with its terms.

     17.     No Oral Modification. This Agreement may only be amended in a writing
signed by Employee and the Chief Executive Officer of the Company.

     18.     Governing Law. This Agreement shall be governed by the laws of the
State of California.

     19.     Counterparts. This Agreement may be executed in counterparts, and
each counterpart shall have the same force and effect as an original and shall
constitute an effective, binding agreement on the part of each of the
undersigned.

     20.     Arbitration. Any dispute or claim arising out of or in connection
with this Agreement will be finally settled by binding arbitration in San Jose,
California in accordance with the rules of the American Arbitration Association
by one arbitrator appointed in accordance with said rules. The arbitrator
shall apply California law, without reference to rules of conflicts of law or
rules of statutory arbitration, to the resolution of any dispute. Judgment on
the award rendered by the arbitrator may be entered in any court having
jurisdiction thereof. Notwithstanding the foregoing, the parties may apply to
any court of competent jurisdiction for preliminary or interim equitable
relief, or to compel arbitration in accordance with this

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 paragraph, without
breach of this arbitration provision. This Section 20 shall not apply to the
Confidentiality Agreement.

     21.     Breach of the Agreement. Employee and the Company acknowledge that
upon breach of this Agreement, the non-breaching Party might sustain
irreparable harm from such breach, and, therefore, the breaching Party agrees
that in addition to any other remedies which the non-breaching Party may have
under this Agreement or otherwise, the non-breaching Party shall be entitled to
seek equitable relief, including specific performance and injunctions,
restraining the breaching Party from committing or continuing any such
violation of the Agreement. Employee acknowledges and agrees that upon a
non-inadvertent breach of a material term of the Agreement by Employee, in
addition to any other remedies the Company may have under this Agreement or
otherwise, the Company’s obligations to provide Settlement Payment as described
in this Agreement shall immediately terminate.

     22.     Authority. The Company represents and warrants that the undersigned
has the authority to act on behalf of the Company and to bind the Company and
all who may claim through it to the terms and conditions of this Agreement.
Employee represents and warrants that he has the capacity to act on his own
behalf and on behalf of all who might claim through him to bind them to the
terms and conditions of this Agreement. Each Party warrants and represents
that there are no liens or claims of lien or assignments in law or equity or
otherwise of or against any of the claims or causes of action released herein.

     23.     No Admission. This Agreement effects the settlement of claims which
are denied or contested and nothing herein shall be construed as an admission
by any party of any liability, any such liability being expressly denied.
Furthermore, nothing contained herein shall be construed as an admission by any
party of any liability, any such liability being expressly denied.
Furthermore, nothing contained herein shall be construed as an admission of any
fact by any party.

     24.     Successors and Assigns. This Agreement shall bind the heirs, personal
representatives, successors and assigns of each party, and inure to the benefit
of each party and each of its predecessors, successors, assigns, shareholders,
directors, officers, partners, employees, agents, and majority-owned
subsidiaries and majority-owned affiliates.

     25.     Voluntary Execution of Agreement. This Agreement is executed
voluntarily and without any duress or undue influence on the part or behalf of
the parties hereto, with the full intent of releasing all claims. The parties
acknowledge that:

               (a) They have read this Agreement;

               (b) They have been represented in the preparation, negotiation and
execution of this Agreement by legal counsel of their own choice or that they
have voluntarily declined to seek such counsel;

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               (c) They understand the terms and consequences of this Agreement and of
the releases it contains; and

               (d) They are fully aware of the legal and binding effect of this
Agreement.

[Signature page follows]

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     The parties have executed this Agreement on the Effective Date set forth
above.

	 	 
	 	SINA CORPORATION
	 	
By: /s/ Daniel Chiang

	 	
Title: Chairman
	 	Address: Room 1802, United Plaza

               1468 Nan Jing Road West

               Shanghai 200040, China

               (86-21) 6289 5678

	 	 
	 	DANIEL DAOLIN MAO
	 	
/s/ Daniel Daolin Mao

Signature
	 	
Address: 3176 Stelling Drive

         Palo Alto, CA 94303

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Exhibit A

List of the Company’s Subsidiaries and Affiliated Companies

	 	 	 
	Beijing Sina Information Technology Co., Ltd.	 	
	Beijing Sina Internet Information Service Co., Ltd.	 	
	Beijing Sina Interactive Advertising Co., Ltd.	 	
	Beijing Sina Internet Technology Service Co., Ltd.	 	
	Shanghai Sina Online Information Technology Co., Ltd.	 	
	Shanghai Sina Information Technology Co., Ltd.	 	
	Shanghai Sina Technology Service Co., ltd	 	
	Shanghai NC-SINA Information Technology Co. Ltd.	 	
	Rich Sight Investment Limited	 	 
	SINA.com (Hong Kong) Limited	 	 
	SINA.com Online	 	 
	Memestar Limited	 	 
	 
	Star-Village.com (Beijing) Internet Technology Ltd.	 	 

The companies listed above collectively referred to as the “SINA Entities.”

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Exhibit B

Shares and Option held by Employee

	1.	 	900,000 Ordinary Shares.
	 
	2.	 	An option to purchase 255,000 Ordinary Shares.
	 
	3.	 	An option to purchase 856,500 Ordinary Shares.
	 
	4.	 	An option to purchase 1,143,500 Ordinary Shares.

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Exhibit 10.2

Lease Contract

Of Floor 18, Building C, Area A, SOHO

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

Party A: Li Yanping

ID No: 110108531229005

Residence: Building 18, Wanquanzhuang, Haidian District, Beijing

Telephone: (0351) 8216151; Mobile: 13903463888

Party B: Wei Yingkui

ID No: 410622197305016038

Residence: Rm. 1902, Building 2, Section 2, Hengfuzhong Street, Science Town,

Fengtai District, Beijing

Mobile: 13935133869

Party C: Beijing Sina Information Technology Co., Ltd

Residence: No. 1, Jia, Wanquanzhuang, Haidian District, Beijing

Telephone: 010 – 65665009; Mobile: 13701115637

Whereas:

	(1)	 	Party A is in possession of the property right of six suites (including
Suite 1801, 1802, 1804, 1805, 1806 and 1809) of Building C, Area A, SOHO,
No. 88, Jianguo Street, Chaoyang District, Beijing, PR China;
	 
	(2)	 	Party B owns the property right of three suites (including Suite 1803,
1807 and 1808) of Building C, Area A, SOHO, No. 88, Jianguo Street,
Chaoyang District, Beijing, PR China;
	 
	(3)	 	Party A and B (hereinafter jointly referred to as the “Lessor”) agree to
lease their house property to Party C (hereinafter referred to as the
“Lessee”), and the lessee agrees to lease the above said house property in
accordance with the conditions and terms of this contract;

With this end in view, the following agreements are reached by parties with the
principles of equality and mutual benefits via friendly negotiation:

	 	 	 
	1.	 	
Lease of the Property
	 	 	 
	1.1	 	
The lessor agrees to lease nine suites (Suite 1801 - 1809) of Building C,
Area A, SOHO, No. 88, Jianguo Street, Chaoyang District, Beijing, PR China
(hereinafter referred to as the “Leasehold”) with 1826.65 square meters of
building area and 1307.33 square meters of usable floor space to the
lessee for the purpose of office.
	 	 	 
	1.2	 	
Refer to the Appendix 1: Ichnography of the Leasehold for the details of
the leasehold.

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	2.	 	
Term of Lease
	 	 	 
	2.1	 	
This lease term for the said household shall be five years commencing 6
August 2003 and ending 5 August 2008. The lessee shall enjoy two months’
free rent of the said household prior to the lease term, that is, from 6
June 2003 to 5 August 2003; during which period, the lessee shall be
exempt from the rent and the property management fees for the said
leasehold.
	 	 	 
	2.2	 	
The lessee may propose extension of the lease three months before the
expiry of the contract. It is agreed by parties via negotiation that the
lessee shall have the priority to relet the household under the equal
conditions.
	 	 	 
	3.	 	
Rental Charges and Payment
	 	 	 
	3.1	 	
The monthly rental charge for the leasehold shall be 10.85 US dollars per
square meter (floor area) and the total rent for five years’ lease of the
leasehold shall be RMB Nine Million, Eight Hundred and Sixty-seven
Thousand, Thirty-Five Yuan and Forty Nine Cents.
	 	 	 
	3.2	 	
All parties agree that the lessee shall pay the total rent for the five
years’ rent of the leasehold, RMB Nine Million, Eight Hundred and
Sixty-seven Thousand, Thirty-Five Yuan and Forty Nine Cents (RMB
9,867,035.49 Yuan) in a single payment within three working days upon
execution of this contract. Payment of fees shall be made by bank draft to
the order of Party A. The lessee may be issued the specified invoice with
the same amount with the rent for house lease by the local tax agencies of
Beijing after paying the relevant taxes and fees for the lessor.
	 	 	 
	3.3	 	
All parties agree that the payment of all the rent to Party A by the
lessee shall be considered as that the lessee has made the payment of all
rent to both party A and Party B and the lessee shall be independent of
any debtor-creditor relationship between Party A and Party B, hence
assuming no responsibilities at all for that.
	 	 	 
	3.4	 	
During the lease term, the lessor shall have the right to deduct the same
amount of money from the paid rent if any damages to the leasehold occurs
or the lessee fails to pay the fees for usage of water, electricity,
telephone and internet uncovered by the property management fees as
stipulated by the contract and then the lessor has to pay the said fees
for the lessee. The lessee shall compensate for the deducted amount in
three working days, and the lessor shall provide the lessee with the
relevant invoices for the payment of the fees.
	 	 	 
	4.	 	
Undertaking of Taxes and Fees Payment
	 	 	 
	4.1	 	
Both the lessor and the lessee shall pay taxes to the relevant tax
agencies pursuant to the concerned laws, regulations, and the state
policies. Except for those taxes and fees that must be paid by the lessee
as required by the laws and regulations, all the other taxes and fees that
are related to the leasehold (including but not limited to taxes on
housing property, individual income, land use in cities and towns, sales,
maintenance and construction of

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cities and additional tax on education) shall be paid by the lessor.
	 	 	 
	4.2	 	
All parties agree that the lessee shall pay those taxes and fees
(including but not limited to taxes on housing property, individual
income, land use in cities and towns, sales, maintenance and construction
of cities and additional tax on education) for the lessor and the lessor
shall refund the said payment to the lessee no later than 20 November
2003. If the lessor fails to refund all or partial payment to the lessee
before the expiry and as a result, the lessee pays any taxes and fees for
the lessor, the lessee shall have the right to seek solutions through the
following ways:

	 	 	 
	 	4.2.1	
The taxes and fees that the lessee has paid for the lessor
shall be considered as the rent and hence the lease term may be
extended according to the rent for per square meter set by this
contract; or
	 	 	 
	 	4.2.2	
The lessor may be required to transfer the leasehold to the
lessee as stipulated by Clause 11 of this contract; or
	 	 	 
	 	4.2.3	
The lessor may be required to refund all the paid taxes and
fees to the lessee through legal means.

	 	 	 
	4.3	 	
Besides the stipulation of the previous article, should any party pays
any other taxes and fees for the other side, the paying side shall provide
the payment certificates to the other side as soon as possible and the
other side shall then return the same amount with the payment to the
paying party in seven day since the date receiving the payment
certificates.
	 	 	 
	5.	 	
Use of the Leasehold
	 	 	 
	5.1	 	
The lessee shall have the right to use the leasehold in a reasonable
manner set forth this contract. The lessor guarantees the rights of the
lessee to use any public areas and equipments and facilities of the SOHO
(hereinafter refereed to as the “Mansion”) covered by the property
management fees, but the lessee shall comply with all applicable
regulations for the use of the public equipments and facilities of the
mansion formulated and issued by the property management company.
	 	 	 
	5.2	 	
The lessor shall enjoy the right to sell the leasehold. However, any
disposition of the leasehold by the lessor shall not influence any right
that the lessee enjoys according to this contract to use the leasehold.
Otherwise, the lessor shall be deemed to have breached this contract.
	 	 	 
	5.3	 	
The lessor agrees that the lessee may share all or partial of the
leasehold with its affiliated institutions, but the subject of the lease
remains unchanged. The affiliated institutions include Beijing Sina
Internet Information Service Co., Ltd, Beijing Sina Advertising Co., Ltd,
Beijing Sina Internet Technology Service Co., Ltd, Beijing Xingchao Online
Cultural Development Co., Ltd, Xingchao Online Internet Science & Technology
(Beijing) Co., Ltd and any other institutions that the lessee
has informed the lessor in the written form in advance.
	 	 	 
	5.4	 	
All parties 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. Should the developer of the mansion, the property
management company or any other third parties conduct the aforesaid
actions, the lessor shall assist the lessee to solve the relevant
disputes.

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	5.5	 	
The lessor agrees that the lessee may put up some fitment in a reasonable
manner to the leasehold after obtaining approval from the property
management company of the mansion and may change the wiring before the
general power inputs, air conditioning equipments and fire fighting system
(including spray heads) of the leasehold. But the lessee shall pay all the
relevant fees.
	 	 	 
	5.6	 	
With aforehand approval from the lessee, the lessor or its
representatives may enter into the leasehold at the appropriate time with
certain notice given. Except fire fighting or other emergencies, the said
actions of the lessor shall not affect the normal operation of the lessee.
	 	 	 
	5.7	 	
In three months prior to the expiry date of this contract, the lessor
shall not take any potential lessees inside the leasehold for inspection
unless being approved by the lessee. The lessee shall not refuse the said
requirement without any reasons, but the lessor shall not influence the
normal operation of the lessee when inspecting.
	 	 	 
	6.	 	
Risks and Maintenance
	 	 	 
	6.1	 	
During the lease term, the lessor shall be responsible for maintaining
and fixing the main building structure, walls, drainage facilities,
pipelines, wires and etc and for paying any costs resulted.
	 	 	 
	6.2	 	
The lessor shall complete the draught reconstruction of each piece of
glass of the leasehold up to the standard of the Floor 16, Building C of
the mansion or other standards agreed by both sides in 20 days since the
date when this contract becomes effective. The lessor shall pay the
relevant expenses, while the lessee bears no responsibilities for that.
	 	 	 
	6.3	 	
In case that the main building structure, walls and any equipments or
facilities of the leasehold is damaged or any other bad results occur due
to the lessee’s intended or involuntary conducts, the lessee shall be held
liable for restoring the damaged parts or render reimbursement to the
lessor. Any other damages of the leasehold or the equipments and
facilities inside shall not make the lessee responsible.
	 	 	 
	6.4	 	
The lessee shall not be liable for any damages, destroy or any other
risks of the leasehold that are not caused by any intended or involuntary
conduct of the lessee.
	 	 	 
	6.5	 	
The lessor shall not be responsible for compensating any losses, damages
or injuries of the lessee due to thefts, fires, explosions, malfunctions
of steam, water and electrical pipelines, constructions of the SOHO and
etc, except for those losses caused by itself to the lessee.
	 	 	 
	7.	 	
Area of the Leasehold
	 	 	 
	7.1	 	
The lessee shall make the payment of rent according the on-the-spot
measured area conducted by the house administration of Beijing or other
agencies that the government approves. If the figure measured out by
Beijing house administration or other state approved agencies differs with
that stated in the Clause 1 of this contract, the rent shall be
re-calculated according to the actual measured area and then the specified
amount of it shall be modified.
	 	 	 
	7.2	 	
In case of any difference between the actual measured area and that
provided by the lessor,

-4-

 

	 	 	 
	 	 	
the lessor shall refund the part of rent for the deficiency to the lessee
and the lessee shall pay for the excessive area to the lessor in five
working days since the date when Beijing house administrations or other
approved agencies complete the on-the-spot measurement.
	 	 	 
	8.	 	
Property Management
	 	 	 
	8.1	 	
Both sides agree that the total amount of the property management fees
for the whole lease term is RMB One Million, Forty-nine Thousand,
Twenty-four Yuan and Ninety-one Cents (RMB 1,049,024.91). The lessor shall
not raise the amount of the said fees with any reasons (including but not
limited to rise of the property management fees and etc) after this
contract taking effective.
	 	 	 
	8.2	 	
The lessee agrees to make the payment of the property management fees in
full to the lessor first, who will then pay the fees to the property
management company. The lessor shall furnish the payment invoice to the
lessee in three days since the date when the lessee pays the said fees to
the lessor. The payer filled on the invoice shall be the lessee.
	 	 	 
	8.3	 	
The lessor guarantees that the property management company shall perform
all its obligations in accordance with the relevant contract to serve the
lessee, and is responsible for maintaining the repport with the property
management company so as to ensure the lessee’s normal use of the
leasehold during the lease term.
	 	 	 
	8.4	 	
The lessee shall be liable for paying those fees for using water, power,
telephone, Internet and etc that are not covered in the property
management fees.
	 	 	 
	9.	 	
Registration of the Lease
	 	 	 
	9.1	 	
The lessor promises to, pursuant to the regulations on the real estate
administration of the city, register the lease of the leasehold to the
real estate administration for records. The lessor shall pay all the
charges of the registration. Should the lessor break the said promise and
any losses induced to the lessee, the lessor shall pay for the losses to
the lessee.
	 	 	 
	10.	 	
Sublease of the Leasehold
	 	 	 
	10.1	 	
The lessor agrees that, during the lease term, the lessee shall have the
power to sub-lease all or part of the leasehold to any third parties and
that the lessor shall afford necessary assistance to the sublease. If the
sublease cannot be completed due to lessor’s failure to provide necessary
assistance, the lessor shall render indemnification to the lessee via
refunding certain amount of rent accordingly or extending the lease term
for free or any other means that both sides accept.
	 	 	 
	10.2	 	
The lessee shall pay reasonable amount of travel expenses that the lessor
spends in offering the said assistance (the total amount of each travel
expense shall not be more than RMB Five Thousand Yuan).

-5-

 

	 	 	 
	11.	 	
Transfer of the Leasehold
	 	 	 
	11.1	 	
Whereas, the lessor has mortgaged the leasehold to Dongsanhuan
Sub-branch, Beijing Branch, China Merchants Bank, Ganjiakou Sub-branch,
Beijing Branch, Guangdong Development Bank, and the Business Department of
Beijing City Commercial Bank Co., Ltd (hereinafter jointly referred to as
the “Mortgage Banks”). All parties agree that, for the purpose of
protecting the interests of the lessee, the lessee shall have the power to
demand the lessor to transfer the ownership of the leasehold to the lessee
if any of the following situations is induced:

	 	 	 
	 	11.1.1	
The mortgage banks conduct any actions that may leave an effect on
the normal use of the leasehold by the lessee due to the failure of
Party A or Party B to repay capital with interest to any of the
mortgage banks or its breach of the mortgage loan agreement with the
mortgage banks or any other reasons;
	 	 	 
	 	11.1.2	
The property management company takes action to the leasehold that
may obstruct the normal use of it by the lessee due to the failure of
the lessor to pay the property management fees to the property
management company;
	 	 	 
	 	11.1.3	
The lessor fails to pay those taxes and fees as its
responsibilities to the lessee prior to 20 November 2003;
	 	 	 
	 	11.1.4	
The lessor violates the contract so severely that that has hindered
the normal use of the leasehold by the lessee; and in thirty days
since the date when the lessor receives the notice of breach from the
lessee, both side fail to figure out any solutions and the lessor
fails to make any corrections.

	 	 	 
	11.2	 	
In case that the lessee demands the lessor to transfer the leasehold
based upon the previous article, the lessor shall alien the leasehold to
the lessee and assist arranging all the aliening formalities such as title
transfer and registration and etc. It is agreed by all parties that the
transferring price for the leasehold shall be the lower one between the
one it was purchased at and the market price when demanding of the
transfer is proposed. The payment of the purchase shall be made via any of
the following methods:

	 	 	 
	 	11.2.1	
The lessee makes the repayment of the loan in lump sum to the
mortgage banks, and then only pay the rest amount of the purchase
fund after it is deducted the following sums:

	 	 	 	 	 	 	 
	 	 	 	
11.2.1.1	 	 	The rest amount of the rent after it is deducted the part
for the actually used period of the leasehold, the upper limit
of which shall not exceed 40% of the total paid rent;
	 	 	 	 	 	 	 
	 	 	 	
11.2.1.2	 	 	The rest amount of the property management fees after it
is deducted the part for the actually used period of the
leasehold, the upper limit of which shall not exceed 40% of
the total paid property management fees; and
	 	 	 	 	 	 	 
	 	 	 	
11.2.1.3	 	 	All the sums paid by the lessee to the mortgage banks.

	 	 	 
	 	11.2.2	
The lessor shall pay all the capital with interest to the mortgage
banks, and the lessee only needs to pay the rest amount of the
purchase fund after it is deducted the following sums:

	 	 	 
	 	11.2.2.1	
The rest amount of the rent after it is deducted the part
for the actually used period of the leasehold, the upper limit
of which shall not exceed 40% of the total paid rent;

-6-

 

	 	 	 
	 	11.2.2.2	
The rest amount of the property management fees after it
is deducted the part for the actually used period of the
leasehold, the upper limit of which shall not exceed 40% of
the total paid property management fees.

	 	 	 
	 	11.2.3	
The lessor shall assist the lessee to transfer the mortgage in the
mortgage banks, the payment of costs for which shall be settled via
negotiation on the basis of the this contract by the lessor, the
lessee and the mortgage banks.

	 	 	 
	11.3	 	
The lessor shall do its best to prompt the mortgage banks to approve the
said alienation of the leasehold.
	 	 	 
	12.	 	
Retrocession of the Leasehold
	 	 	 
	12.1	 	
The lessee shall retrocede the leasehold to the lessor when this contract
expires or terminates due to other reasons. If the leasehold is not
materially damaged (the costs for repairing such damages shall not exceed
RMB Two Hundred Yuan), the lessor agrees that the lessee need not restore
the leasehold to the original condition or make any changes to it.
	 	 	 
	12.2	 	
Any objects remained in the leasehold shall be considered being abandoned
by the lessee after this contract terminates, and the lessor may dispose
them at will.
	 	 	 
	13.	 	
Declaration, Commitment and Warranty
	 	 	 
	13.1	 	
Each party makes the following declarations, commitments and warranties
to other parties:

	 	 	 
	 	13.1.1	
To be a company that is legally established and operated or natural
person that possesses complete civil capacities;
	 	 	 
	 	13.1.2	
To be qualified for the trade under this contract;
	 	 	 
	 	13.1.3	
To have full capacities to sign this contract and confirm that its
representative has been fully authorized to sign this contract;
	 	 	 
	 	13.1.4	
To have full capacities to perform its obligations under this
contract and confirm that its performing the said obligations dose
not violate any legal documents that are binding to itself;
	 	 	 
	 	13.1.5	
Not subject to any liquidating, dissolving or bankrupting procedures.

	 	 	 
	13.2	 	
The lessor pledges that:

	 	 	 
	 	13.2.1	
It enjoys the proprietorship of the leasehold by operation of law;
	 	 	 
	 	13.2.2	
It will strictly perform the mortgage loan agreements signed with
the mortgage banks;
	 	 	 
	 	13.2.3	
Its security interests of the leasehold such as mortgage shall not
affect the normal use of the leasehold for any reasons during the
period of validity of this contract;
	 	 	 
	 	13.2.4	
It has already been or is going to be issued with Certificate of
Right to Use State-Owned Land, Title Deed, Registration Certificate
of House Mortgage and etc and shall be in duty bound to display all
the relevant documents and situations to the lessee;
	 	 	 
	 	13.2.5	
The leasehold and the mansion meet the requirements of office use
as well as the normal business operation of the lessee;
	 	 	 
	 	13.2.6	
It will provide all necessary documents (including but not limited
to its ID

-7-

 

	 	 	 
	 	 	
certificate, Title Deed, mortgage loan agreement, certificates of
payment, certificates of tax payment and etc.) for the lessee, its
newly built company or institute, or any companies or institutes
that re-let the leasehold from the lessee for the convenience of
registration, annual review and other procedures.

	 	 	 
	14.	 	
Liabilities for Breaching the Contract
	 	 	 
	14.1	 	
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 the bad
result with sufficient, effective and timely measures taken, and to
compensate for the losses of the non-breaching party due to its breaching
actions.
	 	 	 
	14.2	 	
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.
	 	 	 
	14.3	 	
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.
	 	 	 
	14.4	 	
Party A and Party B agree that, if any party of them fails to perform any
obligations of this contract due to any reasons, either shall take joint
and several liabilities for the other side.
	 	 	 
	15.	 	
Force Majesture
	 	 	 
	15.1	 	
“Force Majesture” refers to those circumstances that all 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
acts, natural disasters, wars or any other incidents of the same nature.
	 	 	 
	15.2	 	
The party that is confronted with any force majesture shall give notice
of the circumstances to the other side via the fastest tool.
	 	 	 
	15.3	 	
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 that are issued by the local notary office
for the force majeure to other parties. If the party fails to provide the
said certifications, the other parties shall have the rights to ask the
suffering party to take the liabilities for breaching the agreement
conforming the relevant regulations of this

-8-

 

	 	 	 
	 	 	
agreement.
	 	 	 
	15.4	 	
Should any force majesture occurs, all parties shall do their best to
diminish the negative influence of the circumstances. Any party that fails
to perform the said obligation shall be held liable for any losses
resulted.
	 	 	 
	15.5	 	
In case that any force majesture continues to hinder any party to perform
any obligation under this contract for a consecutive period of 20 days or
an accumulative period of 30 days, all parties shall carry on friendly
negotiation whether to continue this contract or not. If no unanimous
solutions are reached, any party may rescind the contract in advance.
	 	 	 
	16.	 	
Effectiveness, Modification, and Termination
	 	 	 
	16.1	 	
This contract shall only become effective with all the following
conditions being satisfied simultaneously:

	 	 	 
	 	16.1.1	
Party A and Party B sign this contract and Party C signs and seal
this contract;
	 	 	 
	 	16.1.2	
The lessor provides the lessee with all the written documents
issued by all the mortgage banks that allow the leasehold to be
leased.
	 	 	 
	 	16.2	
The lessee shall have the right to extend the lease term for
free or terminate this contract unilaterally if any of the following
situations is resulted:
	 	 	 
	 	16.2.1	
The lessor severely breaches the contract so that the lessee cannot
use the leasehold in the course of nature, and fails to make
corrections to its breaching in 30 days since the date when receiving
the breaching notice from the lessee, and both sides fails to seek
any solution via negotiation;
	 	 	 
	 	16.2.2	
The mansion and the leasehold cannot be normally used for a
consecutive period of 20 days or an accumulative period of 30 days
due to force majesture and/or other reasons not caused by the lessee
(excluding damages made by the lessee directly or indirectly for its
negligence or other acts).

	 	 
	16.3	 	
The lessor may cancel the contract unilaterally if any of following
situations occurs to the lessee:

	 	 	 
	 	16.3.1	
The lessee severely breaches the contract, and fails to make
corrections to its breaching in 30 days since the date when receiving
the breaching notice from the lessor, and both sides fails to seek
any solution via negotiation;
	 	 	 
	 	16.3.2	
The lessee carry out illegal business operations against the laws
and regulations;
	 	 	 
	 	16.3.3	
The lessee applies the leasehold for other purposes without
authorization.

	 	 	 
	16.4	 	
If this contract is terminated in advance for any reasons except those of
the lessee, the lessor shall refund part of the rent for the unoccupied
period of the leasehold.
	 	 	 
	16.5	 	
If this contract is terminated in advance for the reasons caused by the
lessee, the lessor may deduct the rent for the occupied period (the lease
price for the time being shall be calculated on the basis of 22 US dollars
for the first month of the first year, and 2 US dollars are increased by
months) as well as the penalty for breaching the contract from the total
paid rent, and then pay the rest to the lessee. The lessee shall make up
for any balance in three working days if the total paid rent is
insufficient
	 	 	 
	16.6	 	
The early termination of this contract shall not affect any rights and
obligations that have been bound to any side according to this contract
before the date of termination.

-9-

 

	 	 	 
	17.	 	
Service of Notices
	 	 	 
	17.1	 	
Any notice required to be given hereunder shall be delivered by express
mail service, and shall be deemed given on the day that the third day
after the notice is sent out. Before sending out mails, the sending party
shall notify the other party of the mails via telephone, mobile or other
means.
	 	 	 
	17.2	 	
All notices shall be delivered to the following receivers and addresses
unless they are modified with written notice given by one party to the
other party:
	 	 	
Contact of Party A and Party B is as follows:
	 	 	
Receiver: Li Yingfang
	 	 	
     Add: Rm. 1902, Building 2, Section 2, Hengfuzhong Street, Science Town,
	 	 	
     Fengtai District, Beijing
	 	 	
Post Code: 100070
	 	 	
Contact of Party C:
	 	 	
Receiver: Legal Department, SINA
	 	 	
Add: Floor 16, Building C, Area A, SOHO, No. 88, Jianguo Street,
	 	 	
Chaoyang District, Beijing
	 	 	
Post code: 100022
	 	 	 
	18.	 	
Settlement of Disputes
	 	 	 
	 	 	 
	18.1	 	
All parties shall seek settlement for any disputes over explanations and
performance of terms of this contract through consultation with goodwill,
which if fails, all parties shall propose the disputes to the People’s
Court of Chaoyang District, Beijing for settlement.
	 	 	 
	18.2	 	
Laws and regulations of PRC shall be applied for the conclusion,
effectiveness, explanations, performances and settlement of disputes
concerning this agreement.
	 	 	 
	19.	 	
Special Provisions
	 	 	 
	19.1	 	
Besides the leasehold stated in Article 1.1 of this contract, the lessor
is planning to purchase another suite (the draft No. is 1810) of Floor 18,
Building C, Area A, SOHO, No. 88, Jianguo Street, Chaoyang District,
Beijing, PR China, which presently are not available for lease. All
parties agree the lessor shall lease the said suite to the lessee when it
becomes available for lease. The lease area shall be the actually measured
area and the lease term shall be from the actual lease date to 5 August
2003. The terms concerning the rent and other relevant terms shall be
applicable to the lease of the suite.
	 	 	 
	19.2	 	
The lessor agrees to assist the lessee to settle the problem of using the
public passages of the leasehold.
	 	 	 
	20.	 	
Miscellaneous

-10-

 

	 	 	 
	20.1	 	
This contract is made into three copies, one for each party, all with
equally authentic.
	 	 	 
	20.2	 	
All 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.
	 	 	 
	20.3	 	
This contract shall be all the agreements concerning the house lease
among all parties and take the place of all oral and written agreements,
entente and reports concerning the house lease beforehand. No other
evident or implied obligations or commitments exist among all parties
except for those stipulated by this contract.
	 	 	 
	20.4	 	
The appendixes of this contract are sine qua non of this contract, with
the same legal binding force as this contract.

	 	 	 
	Party A: Li Yanping	 	
Party B: Wei Yingkui
	 	 	 
	Signature: /s/ Li Yanping	 	
Signature: /s/ Wei Yingkui
	Date: June 6, 2003	 	
Date:  June 6, 2003
	 	 	 
	Party C: Beijing Sina Information Technology Co., Ltd	 	 
	 	 	 
	Authorized Representative: /s/ Charles Chao	 	 
	Date: June 6, 2003	 	 

-11-

 

Supplements to Lease Contract

Of Floor 18, Building C, Area A, SOHO

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

Party A: Li Yanping

ID No: 110108531229005

Residence: Building 18, Wanquanzhuang, Haidian District, Beijing

Telephone: (0351) 8216151; Mobile: 13903463888

Party B: Wei Yingkui

ID No: 410622197305016038

Residence: Rm. 1902, Building 2, Section 2, Hengfuzhong Street, Science Town,

Fengtai District, Beijing

Mobile: 13935133869

Party C: Beijing Sina Information Technology Co., Ltd

Residence: No. 1, Jia, Wanquanzhuang, Haidian District, Beijing

Telephone: 010 – 65665009; Mobile: 13701115637

Whereas, the above parties signed the Lease Contract of Floor 18, Building C,
Area A, SOHO on June 6, 2003. All parties agree through friendly consultation
to make relevant adjustments to the terms concerning the invoice in the said
contract, herein signing this supplementary agreement with details as follows:

	 	 	 
	21.	 	
Invoice for the House Lease
	 	 	 
	21.1	 	
In case that the lessee cannot acquire the invoice for house lease issued
by tax agencies of Beijing before 20 November 2003 for some reason out of
control of the lessee, the lessor shall authorize the licensed house
leasing company to arrange the lease to the lessee. In that case, the
total amount of the rent and the property management fees shall be
decreased to RMB Ten Million, Four Hundred and Sixty-One Thousand, Two
Hundred and Twenty-Four Yuan and Fifty-five Cents (RMB 10,461,224.55 Yuan)
and other terms of the Lease Contract of Floor 18, Building C, Area A,
SOHO still apply. The lessor pledges that the house leasing company shall
offer the invoice of the house lease service industry to the lessee before
30 November 2003. The lessor shall arrange all the relevant transactions
and ensure the validity of the lease and the invoice, any expenses of
which shall be paid by the lessor.
	 	 	 
	21.2	 	
If any failure of the lessor to perform obligations of the previous term
results in problems in settling financial issues for the lessee, the
lessee shall have the power to demand the lessor to pay the relevant taxes
or fees or to take other legal measures so as to solve the

-12-

 

	 	 	 
	 	 	
concerning problems. All the taxes and fees resulted herein shall be paid
by the lessor.
	 	 	 
	22.	 	
Miscellaneous
	 	 	 
	22.1	 	
Unless indicated clearly by this supplement, all the relevant
terminologies of this supplement shall have the same definitions as those
in the Lease Contract of Floor 18, Building C, Area A, SOHO.
	 	 	 
	22.2	 	
This supplement agreement serves as complementation to the Lease Contract
of Floor 18, Building C, Area A, SOHO and enjoys the same legal binding
force. In case of any conflicts between this supplement and the Lease
Contract of Floor 18, Building C, Area A, SOHO, this supplementary
agreement shall prevail.
	 	 	 
	22.3	 	
This supplementary agreement shall take effects when the following
conditions are both satisfied simultaneously:

	 	 	 
	 	22.3.1	
Party A and Party B sign this supplementary agreement, and Party C
signs and seals;
	 	 	 
	 	22.3.2	
Lease Contract of Floor 18, Building C, Area A, SOHO becomes effective.

	 	 	 
	Party A: Li Yanping	 	
Party B: Wei Yingkui
	 	 	 
	Signature: /s/ Li Yanping	 	
Signature: /s/ Wei Yingkui
	 	 	 
	Date: June 6, 2003	 	
Date: June 6, 2003

Party C: Beijing Sina Information Technology Co., Ltd

Authorized Representative: /s/ Charles Chao

Date: June 6, 2003

-13-

 

Supplements (No.2) to Lease Contract

Of Floor 18, Building C, Area A, SOHO

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

Party A: Li Yanping

ID No: 110108531229005

Residence: Building 18, Wanquanzhuang, Haidian District, Beijing

Telephone: (0351) 8216151; Mobile: 13903463888

Party B: Beijing Sina Information Technology Co., Ltd

Legal Representative: Cao Guowei

Residence: No. 1, Jia, Wanquanzhuang, Haidian District, Beijing

Telephone: 010 – 65665009; Mobile: 13701115637

Whereas:

Both parties signed the Lease Contract of Floor 18, Building C, Area A, SOHO on
June 6, 2003;
As stipulated in the article 19.1 of the said lease contract, Party A has now
owned the proprietary of Suite 1810, Floor 18, Building C, Area A, SOHO, No.
88, Jianguo Street, Chaoyang District, Beijing, PR China (hereinafter referred
to as the “Suite 1810”), that is, the said suite has become available for
lease, Party A herein agrees to lease the said suite to the lessee;

The following supplementary agreements concerning the lease of the Suite 1810
are reached by both parties in accordance with the principles of equality and
mutual interests via friendly negotiation:

	 	 	 
	23.	 	
Lease of the Leasehold and the Term
	 	 	 
	23.1	 	
Party A, the property owner, agrees to lease the office suite, Suite
1810, Floor 18, Building C, Area A, SOHO, No. 88, Jianguo Street, Chaoyang
District, Beijing, PR China, with 88.22 square meters of building area and
63.14 square meters of building area inside the suite (hereinafter
referred to as the “Suite 1810”) to Party B for office use.
	 	 	 
	23.2	 	
The lease term shall be from 21 July 2003 to 5 August 2008, and Party B
shall be exempt from paying the rent for the period from 21 July 2003 to 6
August 2003.
	 	 	 
	24.	 	
Rental Charges and Payment
	 	 	 
	24.1	 	
The lease price for the Suite 1810 shall be 12 US dollars per square
meters (building area) per month (the property management fees included),
and the total rent for the whole lease term shall be 63,518.40 US dollars,
that is, RMB Five Hundred and Twenty-seven Thousand, Two Hundred and Two
Yuan and Seventy-two Cents.
	 	 	 
	24.2	 	
Date of Payment: In 3 working days since the date when this contract
takes effect, Party B shall make a single payment of RMB Five Hundred
Thousand Yuan to Party A first. The rest amount of the rent shall be paid
until Party A provide Party B with all the notarized

-14-

 

	 	 	 
	 	 	
materials as stipulated in Article 2.3 of this contract.
	 	 	 
	24.3	 	
Party A shall provide Party B with the following notarized documents as
soon as possible:

	 	 	 
	 	(a)	
Notarized certificate that certifies the photocopy of Party A’s
ID card is conformity with its original;
	 	 	 
	 	(b)	
Notarized certificate that certifies the photocopy of bank
document from the mortgage banks that agrees with the lease of the
Suites 1801 – 1809, Building C, Area A, SOHO, No. 88, Jianguo Street,
Chaoyang District, Beijing is in conformity with its original;
	 	 	 
	 	(c)	
Notarized certificate that certifies the photocopies of the
invoices for the purchase of the Suites 1801 – 1809, Building C, Area
A, SOHO, No. 88, Jianguo Street, Chaoyang District, Beijing are in
conformity with the originals.

	 	 	 
	24.4	 	
Both parties agree that Party B shall pay all the taxes and fees for
Party A and then Party A shall refund the said payment of the taxes and
fees to Party B before 20 November 2003. If Party A fails to refund all or
part of the said taxes and fees to Party B and that results in Party B’s
paying any taxes and fees for Party A, Party B shall have the power to
take actions according the Article 4.2 of the Lease Contract of Floor 18,
Building C, Area A, SOHO.
	 	 	 
	25.	 	
Property Management
	 	 	 
	25.1	 	
The property management fees for the Suite 1810 for the lease term are
included in the rent. Party B shall not be required to pay any property
management fees to Party A and Party A shall pay the said fees to the
property management company.
	 	 	 
	25.2	 	
Party A guarantees that all the equipments and facilities inside the
Suite 1810 such as air conditioners and fire fighting facilities are
complete and in good condition, suitable for office use.
	 	 	 
	26.	 	
Special Provisions
	 	 	 
	26.1	 	
If Party B cannot use the Suite 1810 due to Party A’s failure to pay for
the purchase of the Suite 1810 or any other causes, Party B shall have the
right to take any of following solutions:

	 	 	 
	 	(a)	
Party A refunds all the payment Party B has made; or
	 	 	 
	 	(b)	
All the payment Party B has made to party A is used as the rent
for the Suite 1801 – 1809, Floor 18, Building C, Area A, SOHO, No. 88,
Jianguo Street, Chaoyang District, Beijing, PR China, and the lease
term for the said suite is extended for the said payment at the price
of that as stipulated in the Lease Contract of Floor 18, Building C,
Area A, SOHO.

	 	 	 
	27.	 	
Miscellaneous
	 	 	 
	27.1	 	
In addition to the stipulations above, all the other issues concerning
the lease of the Suite 1810 shall be governed by the relevant terms and
conditions of the Lease Contract of Floor 18, Building C, Area A, SOHO.
	 	 	 
	27.2	 	
Unless indicated clearly by this supplement, all the relevant
terminologies of this supplement shall have the same definitions as those
in the Lease Contract of Floor 18, Building C, Area A, SOHO.
	 	 	 
	27.3	 	
This supplementary agreement serves as complementation to the Lease
Contract of Floor

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18, Building C, Area A, SOHO and enjoys the same legal binding force. In
case of any conflicts between this supplement and the Lease Contract of
Floor 18, Building C, Area A, SOHO, this supplementary agreement shall
prevail.
	 	 	 
	27.4	 	
This supplementary agreement shall take effect since the date when it is
signed and sealed by both parties.

Party A: Li Yanping

Signature: /s/ Li Yanping

Date: July 21, 2003

Party B: Beijing Sina Information Technology Co., Ltd

Authorized Representative: /s/ Charles Chao

Date: July 23, 2003

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