EXHIBIT 10.8
Warden Development Ltd
This is an offer to lease premises subject to signature of the Standard Tenancy
Agreement upon the following principal terms and conditions:
LANDLORD : Warden Development Ltd.
Address : Xxxx 0-0, 00/X., Cable TV Xxxxx, Xx.0, Xxx Xxxxx Xxxx,
Xxxxx Xxx, Xxxx Xxxx
TENANT : Peak Plastic & Metal Products (Int'l) Ltd.
Address : Xxxx 0-0, 00/X., Cable TV Xxxxx, Xx.0, Xxx Xxxxx Xxxx,
Xxxxx Xxx, Xxxx Xxxx
PREMISES : Heng Gang 000 Xxxxxxxxxx Xxxxxx,
X00000-0
Xxxx Xxxx Xxxxxxxx,
Xxxxxxxx, Xxxxx
TERM OF LEASE : 2 Years
Commencement Date : 01 April, 2001
Termination Date : 31 March, 2003
USER : Industrial Estate and substance facilities (including
dormitory of workers and canteen)
RENT : Hong Kong Dollars Two Millions and Three Hundred
Thousand Only (HK$2,300,000) per annum, payable in 12
equal monthly installments.
1
TERMS AND CONDITIONS
--------------------
1.
a) All services (including repairs and works) provided to the Tenant
in the premises must only be provided by the service providers
designated by the Landlord at a charge to be paid by the Tenant.
b) In consideration of the Landlord providing or arranging for
services to the Tenant, the Tenant agrees to pay to the Landlord
any amount the Tenant or its designated occupiers may owe the
Landlord or other service providers arranged through the
Landlord.
c) The Landlord shall not be liable or in any way be responsible for
the breach, non-performance or failures of any of the service
providers, or for any of their negligence, acts or omissions.
2. A prohibition against illegal activities take place in the premise.
3. The Tenant to the intent that the obligations hereunder shall continue
throughout the term of tenancy or occupation hereby agrees with the
Landlord as follows:-
a) To pay the management fee and to settle all charges, expenses and
liabilities for which the Tenant is liable.
b) To observe and perform all House Rules and all regulations in the
Tenant's Handbook which may be made by the Landlord from time to
time.
c) To use the premises as described in above 1(a) only. The Tenant
shall procure the designated occupiers to sign the
acknowledgement described in the attached letter.
d) Not to assign, underlet, sublet or otherwise part with possession
of the premises or any part thereof or any interest therein in
any way whether by way of assignment, underletting, subletting,
transfer, lending, sharing or other means nor permit or suffer
any arrangement or transaction whereby any person or persons not
a party to this Agreement or other than the designated occupier
obtains the use, occupation, enjoyment or possession of the
premises
2
or any part thereof irrespective of whether any rental or other
consideration is given for such use, occupation, enjoyment or
possession or enter into an agreement to do any such things.
4. The Landlord hereby agrees with the Tenant as follows:-
a) Subject to the terms hereof, the Tenant shall peacefully hold and
enjoy the premises during the term of tenancy without any interruption
by the Landlord.
b) To keep the structure, exterior, roof and the main drains, pipes,
cables and wires and all the main walls, timbers and joists and the
lifts of the Building in a proper state of repair at the cost of the
Landlord.
5. Provided always and it is hereby further agreed as follows:-
a) The Landlord may determine this agreement and re-enter upon the
premises with or without notice being given to the Tenant if:-
(i) the rent is unpaid after it shall become due;
(ii) the Tenant fails to observe the terms and conditions;
The agreement will be void if:-
b) In case the structure of the Building, or any part thereof shall at
any time during the term be destroyed or damaged by flood, fire,
typhoon, earthquake, landslide, or any cause for which the Tenant
shall not be responsible so as to render the premises unfit for use or
occupation or become subject to a closure or demolition order the rent
hereby reserved or a fail proportion.
c) The government resumes the land on which the premise is built, the
premise is demolished.
6. The Tenant shall carry out decoration and restructure of the premise after
obtain an approval of the government and Landlord.
7. The Tenant shall sublet the premise to third parties after obtain agree
from the Landlord. Landlord and Tenant must re-new an agreement.
8. This Agreement shall be construed and take effect according to the laws of
Hong Kong.
3
Yours faithfully,
/s/ Xxxxx Mo
-----------------------------------
Warden Development Ltd.
("the Landlord")
ACCEPTED AND CONFIRMED
By: Peak Plastic & Metal Products (Int'l) Ltd.
------------------------------------------
[for and on behalf of tenant's name (if company)]
/s/ Xxxxx Mo
-----------------------------------
("The Tenant")
(Authorized Signature)
Date: 01 April, 2001
4
