However, only when the total monthly rent has exceeded 2 million yuan, will the monthly rent be paid, and only the part exceeding 2 million yuan (about 200,000 US dollars) be paid. The total amount of expenses payable under the agreement is estimated to be 6 million yuan (about 700,000 US dollars); The term of the agreement is 24 months and will take effect on March 25, 2003.