AGREEMENT OF LEASE
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Landlord: Weihai Electronic Industrial Park Weishi Corp.
Lease: Xianyang Daming Electronics Co. Ltd.
This lease agreement between Weihai Electronic Industrial Park Weishi
Corp. ("Weihai"), located in Weihai City of Shangdong Province and Xianyang
Daming Electronics Co. Ltd. ("Daming"), based on mutual trust and mutual
benefit. The content of this agreement is described below:
1. Weihai agrees to rent a manufacturing plant on the Building No. 1 in
Electronic Industria Park, total four floors, with size of 11,200
square meters to Daming for manufacturing purpose.
2. Weihai guarantees the plant facilities including electric power,
water, heat and road condition according to the requirement of Daming.
3. Daming agrees to pay RMB15 per square meters monthly for next month
rental within 5 days before month end.
4. Daming can not alter the internal construction structure without the
consent of Weihai.
5. Weihai should guarantee to good condition of the building and
facilities. Any repair, if it is necessary, should be consent by
Weihai.
6. The terms of the agreement is 10 years. The agreement is effective on
the date of the agreement signed by each parties.
7. The agreement is signed in Weihai City, Shangdong province.
8. The agreement has two copies each held by each party.
9. Any dispute related to this Agreement will be negotiated by each
party based on mutual trust and good faith.
10. The agreement will be subjected to and in accordance with the
Contract Law.
Xianyang Daming Electronics Co. Ltd. Weihai Electronic Industrial Park Weishi
Corp.
By_____________________________ By_____________________________________
Du, Xxxxxxxx Xxxx, Guangqian
May 7, 1997
