Exhibit 10.02
LEASE AGREEMENT
---------------
This Lease Agreement is made and entered into this 28th day of June 1997 by and
between Hi-Q Xxxxx INC.. (hereinafter called Party B) and Mr. Huang Ching Huo
(hereinafter called Party A) and the parties shall abide by the following terms
and conditions:
Article 1: Location and scope of the premises owned by Party A and to be
leased to Party B: Whole area of the ground floor (including the
backyard but kitchen not included ) of the building at Xx. 0,
Xxxxx 00, Xxxx 000, Xxx. 0, Xxxxx-Xx Xx., Xxxxxxx Xxxx; plus the
whole area of the building at No.4.
1.1 Party A reserves the right to use the floors of the second floor and above
at No.6 and will make in/out access which shall not block the
superintendent of Security Guard of Party B. Party A agrees that Party B
may erect large scale signs and the water tower on the roof. ( When Party B
set up the Water Tower on the roof, it shall take the safety of Party A's
living into consideration and the total weight shall be limited to 10 tons.
Please refer to Article 7 for the details. )
1.2 Party A shall, before the date this Agreement is enforced, be responsible
for the restoration of the 36HP Industrial Electricity Power ( this is the
preeminent condition of this Lease Agreement ) on Party A's own account. In
the event the electricity power for Party B is insufficient in the future,
it shall be responsible for the fees and expenses for the application and /
or for the alteration of the Name of the User of the Electricity Power.
Being the owner of the premises, Party A shall assist in the proceeding and
consultation for the same.
1.3 Party A shall be responsible for the cleaning of the premises before the
date this Agreement is enforced and to dispose of all of the wastes left by
the former Leasee and to hand the empty premises to Party B.
Article 2: Term of this Lease Agreement is six (6) years from September 1st
1997 through August 31st 2003 and this Lease Agreement will be
automatically renewed for another six (6) years on the same terms
and conditions if the parties shall have no objection. ( The
Receipt issued by Party A for the check paid as the rent for the
month September 2003 shall be considered the formal Agreement. )
1
Article 3 : The Monthly Rent is Sixty Thousand New Taiwan Dollars which does
not include the Water and Electricity Bills. Since the parties
share the same Water Meter, Party A shall reimburse to Party B
the average amount of the Water Bills of the past. ( In case the
rate is adjusted, reimbursement shall be made based on new rate.)
Article 4: The Monthly Rent shall be paid on or before the first day of each
month. The rent will be adjusted every two years and increment
will be NT$5,000.- each time.
4.1 Party B reserves the right of purchasing the premises under first
consideration. (This shall be agreed upon separately by the parties. )
Article 5: Upon signing this Lease Agreement, Party B shall pay to Party One
Hundred Fifty Thousand New Taiwan Dollars as the Deposit along
with the check for the rent of the first month. In case Party B
decides to terminate this Lease Agreement, Party A shall, upon
the vacation of the premises, return the Deposit without any
interest.
Article 6 : In case any modifications of the premises is necessary, Party B
may do the modification by itself and Party B shall be
responsible for the restoration of the premises to its original
conditions.
Article 7: Party B shall take good care of the premises and unless for the
Force Majeure reasons Party B shall be responsible for the
reimbursement for any damage of the premises resulted from the
negligence. In case the premises is damaged owing to natural
causes and needs repair, Party A shall be responsible for the
repair.
Article 8: In case Party B violates the terms and conditions of this
Agreement, Party A may terminate this Agreement and ask Party B
for reimbursement.
Article 9: Party A shall be responsible for the taxes and duties of the
premises while Party B shall be responsible for the Water and
Electricity Bills and taxes and duties if any.
Article 10: The Withholding Income Tax for this Lease Agreement shall be paid
by Party B to the Tax Authorities.
2
Article 11: When evicting the premises upon expiry of this Agreement, any and
all of the wastes and belongings of Party B left will be disposed
of by Party A and Party B shall not have any objection.
In witness whereof, the parties hereto have executed this Agreement on the date
first above written and this Agreement is made with each party holding. Any
modification, remarks or corrections of this Agreement shall be void.
Article 12: This Lease Agreement is made in duplicate, with each party
holding one copy for filing purposes.
Party A: Huang Ching Huo (Affixed with seal)
ID. Card No.J100268298
Address: Xx.0, Xxxxx 00, Xxxx 000, Xxx. 0, Xxxxx-Xx Xx., Xxxxxxx Xxxx, Xxxxxx,
X.X.X.
Party B: Hi-Q Xxxxx INC. (Affixed with seal)
Xx Xxxx-Yuan ; General Manager
Address: Xx.000-0, Xxx-Xxxxx Xx., Xxxxxxxxxx Xxxx, Xxxxxx, R.O.C.
TEL: (00) 000-0000(10 Lines)
3
