AGREEMENT OF LEASE
Landlord: Xianyang Pianzhuan Group Corp. (Pianzhuan)
Leasee: Xianyang Daming Electronics Co., Ltd. (Daming)
This lease agreement between Xianyang Pianzhuan Group Corp. (Pianzhuan), 00 Xxxx
Xxxxxxx Xxxx, Xxxxxxxx, Xxxxxxx province and Xianyang Daming Electronics Co.,
Ltd (Daming) is based on mutual trust and mutual benefit. The content of this
agreement is described below:
1. Pianzhuan agrees to rent the third floor of manufacturing plant on the
Building No. 1 with size of 1,296 square meters to Daming for manufacturing
purpose.
2. Pianzhuan guarantees the plant facilities including electric power,
water, heat and road condition according to the requirement of Daming.
3. Daming agrees to pay RMB96 per square meter for rent of the next year,
15 days before year end.
4. Daming cannot alter the internal and external construction structure
without the consent of Pianzhuan.
5. Daming should guarantee to good condition of the building and
facilities. Any repair, if it is necessary, should have the consent of
Pianzhuan.
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 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 Daming Electronics Co., Ltd. Xianyang Pianzhuan Group Corp.
By By
January 10, 1993
