【正文】 if the Two Parties fail to reach an agreement within the above mentioned period, the original clauses of This Contract shall remain valid for implementation by the Two Parties. Article 30 Termination of This Contract If either party intends to terminate This Contract, it shall inform the other party thereof in written 30 days in advance, otherwise, it shall pay a fine for breach of contract which equals to the sum of all Management Fee that Party B should pay Party A in current month according to the agreement in This Contract and its Attachments. Article 31 Cancellation And Termination Of Attachments Once This Contract is cancelled or terminated, Attachments are immediately cancelled and terminated. Article 32 Others This Contract is prepared in duplicate, with each party holding one of them having the same effect. This Contract is written in Chinese and English and in case of discrepancy between the two versions, the Chinese version shall prevail. 20 20 Seal of Party A : Seal of Party B : Signature of Party A’s Representative Signature of Party B’s Representative Date : Place : Party A Legal Address : Party B Legal Address : 655 Zhang Yang Road (Outside China) Registration No.: 3100001050058 Bene’s Bank Name (USD): Bank of China Shanghai Branch Tel : Account No. : 40303018240140361739 Fax : Bene’s Bank Name (RMB): Shanghai Office Address: Everbright Bank of China Shanghai Branch Account No. : 10608433013014035 ZC : Office Address : 3 Flour Jin Ling Building, Registration No. : 28, Jin Ling Road (W) Tel : ZC : 202121 Fax : Tel : 63861898 ext Fax: 63856522 21 21 Agreement On Employment Of Chinese Staff 。 if such consultation fails, it can be submitted to China International Economic and Trade Arbitration Commission Shanghai Branch for arbitration. Article 28 Effectiveness Of This Contract This Contract shall bee effective on the date . Article 29 Modification Of This Contract During This Contract term, with exception of the agreement in and of This Contract, either party shall inform the other party in written notice 30 days in advance if it intends to modify This Contract。 they shall make other necessary adjustments at any time according to policies issued by the government. Such adjustments shall not affect terms of employment. Article 16 Payment Of Management Fee Prior to the end of each month, Party B shall pay Party A the Management Fee for the current month in the amount as agreed upon in This Contract and its Attachments, in the following four specific ways: Cash Checks Credit vouchers Telegraphic transfer. Article 17 Payment Of Economic Compensation Fund And Medical Care Subsidy: In case Party B should pay Party A economic pensation fund and/or medical care subsidy for dismissal of the Chinese Staff as agreed upon in Chapter 3 of This Contract, such payment shall be effected within 30 days after cancellation by Party B of its employment relationship with the Chinese Staff. After receiving such payment, Party A shall pay the economic pensation fund 18 18 and medical care subsidy to the Chinese Staff according to government regulations and agreement in the Labor Contract. Chapter 5 Responsibility for breach of This Contract Article 18 General Responsibility Either party of This Contract in breach of the agreement in This Contract shall bear the economic losses caused thereby to the other party. Article 19 Responsibility Due To Delayed Payment Of Management Fee If Party B fails to pay Management Fee timely as agreed upon in Chapter 4 of This Contract, it shall, in addition to full amount payment, make a daily payment of fine for delayed payment equal to 2‰ of the sum payable from the overdue date to the date of actual payment. Article 20 Responsibility Due To Delayed Payment Of Economic Compensation Fund And Medical Care Subsidy If Party B fails to pay full amount of economic pensation fund and/ or medical care subsidy for dismissal of Chinese Staff timely as agreed upon in Chapter 3 and Chapter 4 of This Contract, it shall in addition to full amount payment, pay Party A the extra economic pensation fund equal to 50% of the sum payable. Article 21 Responsibility Due To Breach Of Secrecy Articles In case of either party to This Contract violating the agreement in of This Contract, the obs ervant party may determine the responsibility of breach of contract of the defaulting party according to the details in such breach, but it shall not be less than the sum of all Management Fee Party B should pay Party A within one month according to This Contract and Attachments. Article 22 Cancellation After Breach Of This Contract If either party violates the agreement in This Contract and does not make corrections thereon within 30 days, the other party shall be entitle to inform in written notice the other party of cancellation of This Contract and This Contract shall be cancelled from the date of issuance of such written notifice. Chapter 6 Supplementary Provisions Article 23 Compensation For Competition Restriction If Party B has signed an agreement on mercial secrecy and agreed upon petition restrictions with the Chinese Staff, it shall pay economic pensation to the Chinese Staff。 or Other circumstances specified by laws, administration rules and regulations. Postpone of employment relationship In any of the circumstances that are mentioned in of this article and are not the circumstances men