Lease Agreement:
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| Leassor: | Xx Xxxxx Chi |
| Leassee: | Dong Ya Xxx Xxxx Automobile Trading Limited |
According to Contact Law of China, we hereby agreed that Lessor shall lease 8,950 sq.feet property located at 83, Xxx Xxxx Xxxxx Road, Xxxx He District, Shen Yang City to Leassee under the following terms:
- 1.
- Term
of Lease: one year for USD 24,096. The lease will start on October 1, 2004 and expires on October 1, 2005.
- 2.
- Leassor
warrants that Lessor has ownership and leasing rights to the said property and will reimburse Leassee for any damage caused due to deficiency in Leassor's ownership and leasing
rights.
- 3.
- Leassee
cannot sublease the said property to other party. Leassee is responsible for water, electricity and other expenses. Leassor is responsible for the heating expense for the said
property.
- 4.
- Leassee
will be responsible for damage caused to the said property during the term of the lease.
- 5.
- In case of dispute, both party agreed to resolve the dispute according to China Contract Law via arbitration.
| Leassor | Leassee | |
| /s/ XX XXXXX CHI | /s/ DONG YA XXX XXXX AUTOMOBILE TRADING LIMITED |
