English Translation] Tenancy Agreement
Exhibit
10.1
[English
Translation]
Parties
of the lease
Landlord:
(Part A ) Xxxx Xxxxxx Wah Enterprises Company Limited
Tenant
:
(Part B) Info Smart Technology Ltd
The
two
parties agreed to set a lease as follow:
1.
Part A
will rent out the unit B4, 7/F., Fortune Factory Xxxxxxxx, Xx.00,
Xxx Xxxxx Xxxxxx, Xxxx Xxx, Xxxx Xxxx)
to Part
B. The rent is HK$9,500 (The receipt will be given when paying rent). The rent
term from January 1st, 2004 to December 31st, 2004. Part B cannot end the rent
during the term, otherwise, the left rent should be paid by Part B.
2.
Part B
has no right to sublease or sublet the building. Part B cannot use other places
except the building. If Part B wants to continue or stop the rent, he or she
should make a written announcement 2 months before the expiration date. (When
Part B wants to continue the rent, a new lease should be signed).
3.
The
rent should be paid on the first day of rent term every month, in the same
way
with that in previous month. Part B should not get behind with rent. If the
rent
can not be paid ten days after the set date, Part A has the right to put up
a
notice in a conspicuous place on the building’s door, to
hurry
Part
B.
If Part B does not pay the rent or does not comply with the provisions of the
lease, Part A enjoys legal right to end the lease. Part B should take all
responsibilities and lose the right to rent the building. Part B has no right
to
demur when Part A rents out the building to others and ask for the left
rent.
4.
When
Part B moves out, Part B should take away all the things but Part A ’s property
in the building within the rent term. If Part B refuses to return keys or leaves
any property on purpose of delaying, three days after the moving, he or she
will
lose the ownership of the property. Then Part A without the procedures of police
office or count, to sell the property with two witnesses. The money will make
up
the arrearage. If the money is not enough, Part B still has to pay the left
rent.
5.
Part B
should not pay the building expense or transfer fee, but should pay the lesser
margin of two months, that is, HK$19,000. When Part B moves out, should return
the money mentioned above without its interest and retake the lease. If Part
B
does not pay the rent or any other fees, Part A has the right to deduct the
money from the margin. Part B should know that the margin can not be used as
cash to pay the rent.
6.
The
real estate government rent and rates should be paid by Part A. The other
expenses, management fees, water, electricity, pump and cleaning bills should
be
paid by Part B.
7.
When
Part B moves in, in principle he is not allowed to dismantle the decoration
he
had made to the house for the sake of the neat and safety of the house. If
the
proprietor agrees, Part B can dismantle the decoration, but must repair the
house.
8.
The
building can only be used as industry. Part B mustn’t store any prohibited
articles or do anything that offends the laws of Hong Kong in the building.
When
Part B moves out, he must not rent out the building to others.
9.
Part B
has received ___ keys to the apartment door and the room door delivered by
the
proprietor. When Part B will move out someday, he must hand in all the keys
to
the proprietor. If any key missing, the tenant must make a new key fit the
lock.
If something uncovered, we deal with the issues according to the Hong Kong
lease
law.
10.
The
lease has two copies, one of which is hold by the landlord and the other is
hold
by tenant.
Part
A
Signature: /s/ Xxxx Xxxxxx Wah Enterprises Company Limited
Part
B
Signature: /s/ Info Smart Technology Ltd
ID
No.:
ID
No.
or
BR
No.: 32327759
January
29th, 2004
