【正文】 likewise, when used as a mercial housing prelease contract, only those provisions marked with the【Prelease】,as well as the provisions entitled “Prelease Related Issues” as set out in the Supplemental Provisions, and other provisions not marked 【】 may be included as the general terms and conditions, regardless of prelease or lease. IV. In case this Contract is to be used for intended prelease of mercial housing, both parties to such prelease shall, upon the pletion of the mercial housing, enter into the handover letter of mercial housing after related property developer has followed the required initial registration of real estate and acquired the real estate ownership certificate, for that purposes, that contract shall bee the premises lease contract, and the original terms and conditions contained therein shall have been fully fulfilled. V. This Contract is the tentative template prepared by Shanghai Administration of Property and Land Recourses in collaborations with Shanghai Municipal Bureau for Industry and Commerce, in accordance with the Regulations of Shanghai Municipal Government on Premises Lease, all terms and conditions contained herein are only for indicative purposes to be mutually agreed between the Parties hereto. Any issues not covered or defined herein may be resolved by entering into supplementary provisions by Party A and Party B through amicable negotiations.VI. Prior to execution of this Contract, the lessor is required to present to the prospective lessee its real estate ownership and land use right certificate or other related ownership certificate, and appropriate property developer shall show the prelessee the presales permit as duly obtained. Each party to an intended lease or prelease shall verify the identity certificate of others and deliver to others its own identity certificate. Where the intended lessee is an itinerant person from outside Shanghai, the lessor is also required to present the Permit of Premises Leasing security issued by related police authority. VII. Related parties concerned shall, within fifteen (15) days upon execution of this Contract, follow related formalities of contract registration. Specifically, in the event of premises lease, 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。 within fifteen (15) days upon registration of this contract, Party B (Party A / Party B) shall be responsible for the registrations with the original registry office for any intended change and termination of this Contract,. Party A shall be solely liable for any legal dispute arising out of or from Party A’s failure to follow the above registration formalities. (Refer to Article of the Supplemental Provisions for details)
113 Any issue not covered or undefined herein shall be determined by Supplemental Provisions mutually agreed upon both Parties. The Supplemental Provisions and the appendices hereto shall be deemed integral parts of this Contract. The words inserted in the blank space intentionally left in this Contract, its Supplemental Provisions, as well as Appendices attached hereto, are equally authentic as printed words. 114 Either Party hereto, upon execution of this Contract, understands clearly their respective rights, obligations and liabilities hereunder, and agrees to faithfully exercise and/or perform the same as stipulated herein. Either party hereto may claim for appropriate pensation against the other party who is held in breach hereof. 115 Any dispute arising out of, or in connection with the performance of this Contract shall be resolved between both Parties through mutual friendly negotiation。 (ii) The Premises handed over by Party A is inconsistent with stipulations contained herein, thus frustrating the lease purposes。 in the event of prelease of mercial housings, the prelease of foreignoriented mercial housings shall be registered with Shanghai Municipal Real Estate Exchange Center。 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。 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 termi