Shanghai Wai Gao Qiao Bonded Zone Tenancy Agreement
EXHIBIT
10.4
Translated
from the original Mandarin
Shanghai
▇▇▇ ▇▇▇ Qiao Bonded Zone Tenancy Agreement
Party A
(Landlord) Shanghai Xin Yong Logistics
Ltd
Party B
(Tenant) SinoHub Electronics
Shanghai, Ltd.
Based on
laws and regulations, Party A and Party B agreed on the following
terms:
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1.
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Leasing
property, area, purpose
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a)
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Leasing
property: ▇▇,
▇/▇, ▇▇ ▇▇▇, ▇▇ ▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇ Qiao Bonded Zone,
Shanghai.
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b)
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The
leasing area is 599m2
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c)
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This
property shall be used as a warehouse or an office or
both.
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2.
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Leasing
period
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a)
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From
2008-6-1 to 2011-5-31
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3.
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Rent
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a)
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Deposit
shall be 1 months’ rent
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b)
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The
rent is
RMB328.5/m2/year,total
rent shall be RMB183630.
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c)
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Party
B shall pay rent before 20 every
month
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d)
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Party
B shall pay management fee
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4.
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Deposit
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a)
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Party
B shall pay deposit 7 days after
this Agreement goes into effect, RMB15,302.5.
Party A shall not return this deposit to Party B if Party B makes an early
termination of this Agreement.
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b)
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Party
B shall negotiate with Party A about renew this lease 30 days before
the termination. If Party B doesn’t renew the lease for this property,
Party A shall return deposit to Party B within 7 days after
Party B closes off all expenses.
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5.
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Property
hand over
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a)
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Party
A shall be ready to hand over this property to Party B before 2006-6-1,
Party B shall sign on the hand over sheet after check and
accept.
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b)
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Party
B shall be ready to hand over this property to Party A before 2011-5-31,
Party A shall sign the hand-over sheet after checking and accepting that
the premises are is good order.
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6.
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Facilities
use, maintenance and repair
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a)
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Party
B shall be in charge of facilities maintenance and repair, Party A has the
right to inspect facilities
condition.
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b)
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Party
B shall take actions to prevent from any kind of
danger.
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c)
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Party
B shall be responsible for any damage caused to leasing
items.
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7.
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Insurances
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a)
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Party
A shall buy insurances for leasing items, and Party B shall buy insurances
for its own property (liability insurance
included).
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8.
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Property
management
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a)
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After
the tenancy termination, Party B shall clean the property, otherwise Party
B shall pay for the expenses to clean the
property.
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b)
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Any
activity shall be in comply with laws and regulations of China. Otherwise
Party B shall be responsible for all
loss.
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9.
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Property
sublet
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a)
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Party
B shall not sublet the property to a third
party
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10.
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Exceptions
clause
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a)
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If
either Party cannot implement this Agreement due to natural disaster, war
or other unforeseeable events, this Party shall notice the other Party
with written official proof, and this Party is not responsible for any
loss
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11.
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Taxes
and dues
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a)
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Expenses
caused by this Agreement shall be taken by both
Parties.
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12.
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Notice
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a)
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Any
notice in concern with this Agreement shall be in written and be delivered
by registered mail. Notice letters shall be deemed as properly received 10
days after delivery to the agreed
address.
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13.
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Applicable
law
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a)
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Controversy
shall be handled by arbitration commission of
Shanghai
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b)
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This
Agreement applies to the laws and regulations of
PRC
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14.
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Miscellaneous
clause
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a)
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Parties
hereto may revise or supplement through negotiation matters not mentioned
herein.
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b)
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This
Agreement is made in quintuplicate.
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15.
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Validity
of treaty
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a)
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This
Agreement goes into effect right after both Parties sign and chop on the
Agreement.
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| Party A | Party B |