AGREEMENT OF LEASE
Landlord: Xianyang Pianzhuan Group Corp. (Pianzhuan)
Leasee: Xianyang Yongxin Electronics Co., Ltd. (Yongxin)
This lease agreement between Xianyang Pianzhuan Group Corp.
(Pianzhuan),70 West Weiyang Road, Xianyang, Shaanxi province and Xianyang
Yongxin Electronics Co., Ltd. (Yongxin), based on mutual trust and mutual
benefit. The content of this agreement is described below:
1. Pianzhuan agrees to rent the first and second floor of manufacturing plant on
the Building No. 2 with size of 6,036 square meters to Yongxin for manufacturing
purpose.
2. Yongxin agrees to pay RMB 848,743.10 for rent of next year, 15 days before
year end.
3. Pianzhuan guarantees the plant facilities including electric power, water,
heat and road condition according to the requirement of Yongxin.
4. Yongxin cannot alter the internal construction structure without the consent
of Pianzhuan.
5. Yongxin should guarantee to good condition of the building and facilities.
Any repair, if it is necessary, should be consent by Pianzhuan.
6. The terms of the agreement is 5 years. The agreement is effective on the
date of the agreement signed by each parties.
7. The agreement is signed in Xianyang, Shaanxi 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-Yongxin Electronics Co., Ltd. Xianyang Pianzhuan Group Corp.
By By
April 20, 1995
