EQUIPMENT LEASE CONTRACT
Xxxxxx: Shanghai CRC Telecom Company Limited (Referred as Party A)
Leasee: Asia Payment Systems,Inc. (Referred as Party B)
According to "Law of Contract of People's Republic of China", the Party A
and Party B have concluded lease contract of communication equipment and agree
to:
1. Party A provides following communication equipments and resources for
Party B in accordance with the equipments and technical parameters provided by
Party B. (See the relevant list in the appendix)
2. Party A hands over the resources and equipments to Party B in 2005 year
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end Of 03 month with the Party B's requirement Party B sets up data center with
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the aforementioned resources and equipments and provides Party A the
Confirmation Letter of Use.
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3. Party B is responsible for the check of equipment, download and use of
software etc.
4. During the lease period, Party B is entitled to use the equipments, but
the equipment cannot be transferred and mortgaged. In addition, Party B cannot
add or discharge any parts of the equipments or change the installation place
without Party A's consent. Party A is entitled to check whether the equipments
work properly without damage and Party B should provides any convenient
assistance when the check is performed.
5. The lease period is 2 years. And the period is from the day when Party A
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is paid the rent by Party B. The rent is 1149600 RMB in total and is paid by the
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year with each month 47900 RMB. The Party B pays the rent at the beginning of
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each year. If Party B cannot pay the rent at the due time, Party A is entitled
to be paid a fine of 3 in ten thousandth of total tent due to Party A.
6. The contract cannot be abandoned after it is concluded. If Party B pays
the rent in advance, the contract can be terminated.
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7. After the termination of the contract, if Party B doesn't want to renew
the contract, Party B must advise Party A 15 days before the termination, or the
contract will be still treated as effective contract.
8. The contract comes into effect after the two Parties and the guarantor
of Party B affix their seals. The contract has two copies of original. Party A
and Party B hold one copy of original. Each copy is legally of equal effect.
This page without text.
Party A: Shanghai CRC Telecom Company Limited (Seal)
______________________
Representative: __________________ (Signature)
______________________
Bank name and account number: _____________________________
Date:
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Party B: Asia Payment Systems, Inc. (Seal)
Representative:__________________ (Signature)
______________________
Bank name and account number: ______________________________
Date :
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APPENDIX: LEASE LIST FOR EQUIPMENT AND COMMUNICATION RESOURCE (APYM ITEMS)
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Scheme A (6 sets of server)
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Service item Unit price Quantity Sub-total Remark
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1. (21U) 10000 1 10000
Trust of rack-and-panel series (21U) 10000 Yuan/month 10000 Yuan/month
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2. 2M 12000 1 12000
2M Special Bandwidth 12000 Yuan/month 12000 Yuan/month
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3. 1000 6 6000
Fare for testing the server port 1000 Yuan/month 6000 Yuan/month
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4. 100 24 2400
IP static address 100 Yuan/month 2400 Yuan/month
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5. 2200 6 13200
Lease of server (brand-new) 2200 Yuan/month 13200 Yuan/month
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6. 4000 2 8000
Router, network exchanger 4000 Yuan/month 8000 Yuan/month
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7. 3000 2 6000
Fire wall 3000 Yuan/month 6000 Yuan/month
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8. 5760
Equipment maintainer 5760 Yuan
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Total 63360
63360Yuan/month
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XXX 00000 x 0.756=47900
USD 7672 x 0.756(Discount)=5800USD/month
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