【正文】 failing which, the second option indicated below will be employed by both Parties to solve such dispute:(i) Submit to Arbitration Committee for arbitration。 In case such penalty is insufficient to cover the loss incurred by the other party as a result of such breach, the default party shall pay the difference. (i) Party A fails to hand over the Premises as scheduled and the failure continues for a period of days upon the request of Party B。 in the event of prelease of mercial housings, the prelease of foreignoriented mercial housings shall be registered with Shanghai Municipal Real Estate Exchange Center。 the prelease of localoriented mercial housing shall be registered with the real estate exchange center duly established at the place where such preleased premises is located. The property ownership certificate will be granted if the mercial housings under prelease mechanism are pleted, and the related parties shall register, and apply for the certificate of contract registration with the local appropriate real estate exchange center or farm system duly established at the place where such leased premises are located, upon the execution of handover letter of mercial housings under prelease mechanism. Once duly registering with the above authority, the lessee has the right to claim against the third party in relation to any purported repeated preleases, transfer or discretional disposal of mortgaged premises during lease period, etc. VIII. In the event one party requires to register while the other refuses to render necessary coordination, former may go through related formalities for registration by presenting this lease contract, valid identification certificate, as well as other supporting instruments. IX. The security deposit serves as the safeguard to ensure the due performance of the lease contract. During the course of premises lease, the lessor and the lessee may stipulate the security deposit in the lease contract, and the specific amount shall be determined by both parties. Upon termination of the lease, the security deposit, after deducting the relevant costs and expenses payable by lessor as specified in the contract, shall be refunded to the Lessee. X. This Contract is available from the Shanghai real estate exchange center or farm system filing office or its divisions in its district or, county where the related premises are located. Both parties are advised to read thoroughly each provision contained herein and make a sound understanding thereof.XI．This Contract serves only as a Model Text for reference by related parties. XII．Where the leasehold hereunder is established under the help of agency or brokerage, related parties to a lease shall require such brokerage or broker to sign on the last signature page hereof. SHANGHAI PREMISES PRELEASE CONTRACT (Contract No.: ) BETWEEN: Lessor (hereinafter “Party A”):【For Lease】Lessee (hereinafter “Party B”)Prelessor (hereinafter “Party A”):【For PreLease】Prelessee (hereinafter “Party B”):THIS CONTRACT is made and entered into by and between Party A and Party B, through mutual friendly negotiation based on the principles of equality, voluntariness, fairness, as well as good faith, in respect of issues concerning the lease by Party A to Party B of the (Premises/Commercial Housing )which Party A is entitled to (lease/prelease), in accordance with the Contract Law of the People’s Republic of China and the Regulation of Shanghai Municipal Government on Premises Lease (hereinafter “the Regulations”), subject to the terms and conditions as hereof: I. Profile of Leased/Preleased Premises 11 The Premises ( For Lease/Prelease) by Party A to Party B hereunder is situated at room , floor, (No. /building) (Lane/New Village) Road (district/county), Shanghai (hereinafter “the Premises”). The measured building area of such Premises ___ (For Lease/Prelease) is square meters, and the Premises are allowed for , with a type of and structure of . The plan or layout of such Premises is as provided in Appendix A attached hereto. It is acknowledged that Party A has presented to Party B: (i) 【For Lease】The real estate ownership and landuse right certificate/house ownership certificate________, numbered as (ii) 【For PreLease】Presale permit, numbered as (Refer to Article and Article of the Supplemental Provisions for details)12 The leasehold is established between Party A, as (Real Estate Owner/Administrator/Other Right Holders under the Applicable Laws), and Party B hereunder. Party A has informed Party B that the Premises (have/have not) been mortgaged, prior to the execution of this lease contract. 13 Space, Conditions and Requirements for Use of Public or Shared Areas of this Premises: The existing Decoration, ancillary facilities, conditions of equipment, as well as the information and standards of, the ancillary facilities decorated and added by Party B, upon consent of Party A, shall be determined as per Appendix B, attached hereto, respectively. Both Parties agree that these two Appendices as mentioned above shall be the standards or basis for acceptance of the Premises when it is returned by Party B to Party A upon termination hereof and when it is by Party A to Party B as of the effective date hereof. (Refer to Article of the Supplemental Provisions for details)II. Purposes of Lease 21 Party B undertakes with Party A that the Premises are leased hereunder to be used as , and will ply with any and all related applicable provisions concerning the premises use and property management of the State and Shanghai. 22 Party B warrants to Party A that during the lease term hereof no change will be made to the purposes mentioned in Article 21 above in the absence of prior written consent of Party A and approval from related petent authorities after due pr