EXHIBIT 4.21
TENANCY AGREEMENT
Landlord: Xxx Xxx Xxxx (Hereunder called Party A)
Tenant: Kwanasia Electronics Co. Ltd. (Hereunder called Party B)
Both parties agreed to set up the following terms to comply with:
(1) Party A will lease his property situates at Xxxx 000, Xxxxx X, Xx Xx
Xxxxx, XxxXxxx Xxxxxxxx, Shenzhen to Party B. Both parties agreed the
monthly rental will be HONG KONG DOLLARS TWO THOUSAND FIVE HUNDRED (HKD
2,500.00). The rental period is two years, starting from October 1, 2001
to September 30, 2003. Both parties agreed not to terminate the contract
within the tenancy period. Otherwise, either party should pay the other
the rental based on the balance of the tenancy period.
(2) During the tenancy period, both parties are not allowed to sublet or
transfer the tenancy to the third party. Regarding the renewal of the
tenancy agreement, it will be effective only if both parties sign a new,
written tenancy agreement one month before the expiry date.
(3) The rental should be paid in advance and should not delayed for whatever
reason.
(4) When Party B moves out, he should move out all the furniture within the
tenancy period so as to clear up the procedures.
(5) Party B is responsible to pay the rates, property tax, land tax and all
other expenses for the property.
(6) The property is for dormitory use only. Party B is not allowed to store
illegal goods or perform illegal acts in the property.
(7) Party B receives one set of keys for the property from Party A. When Party
B moves out, he must return all the keys to the landlord. If Party B had
lost any key, he should make the same and cannot dispute.
(8) This tenancy agreement is in duplicate. Both parties are willing to comply
with. Each party keeps one copy for evidence.
Party A: Xxx Xxx Xxxx
The Parties:
Party B: Kwanasia Electronics Co. Ltd.
October 1, 2001
