Shenzen Lease Agreement (English Language Summary)
Exhibit 10.11
Shenzen Lease Agreement
(English Language Summary)
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Name of Lease: |
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Shui Hing Manufacturing Factory Lease Agreement |
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Parties to Lease: |
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Xxxxxx Xxxx Hing Limited |
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Date of Lease: |
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January 1, 2003 |
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Termination Date of Lease: |
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December 31, 2005 |
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Location/ Property Leased: |
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Songshan
Industrial Zone, Bogang Village. |
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Size of Space: |
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Factory Area: |
4,742.3 x0 |
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Xxxxxxxxx Area: |
1,952.3 m2 |
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Payments: |
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$ 7,832 per month |
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Right to Terminate: |
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Termination upon 3 months notice to landlord and payment of charges until end of rental period. |
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Option to Extend: |
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Upon the agreement of the parties the lease may be extended upon terms similar to those contained herein. Xxxxxx Xxxx Hing Limited shall have a first right to enter into negotiations with the landlord for the leased space. |
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Transfer or Assignment: |
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Not addressed in the lease. |
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Uses allowed: |
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Operation of a machining factory and assembly of mechanical and plastic parts. |
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