Exhibit 10.17
TCSI SHANGHAI OFFICE SPACE SUBLEASE AGREEMENT
THIS SUBLEASE (the "Sublease") is entered into as of the date set forth in
Section 3.1(c) below, by and between the Shanghai TaiSi Science and Technology
Ltd., Corporation ("TaiSi"), a company organized under the laws of the PRC, and
TCSI Corporation ("TCSI"), a company organized under the laws of the USA.
W I T N E S S E T H
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1. SUBLEASE GRANT.
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1.1 TaiSi has leased certain space located at Suite 1503A, Golden Magnolia
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Xxxxx, Xx. 0 Xxxx Xxxx, Xxxxxxxx, 000000, Xxxxxx'x Xxxxxxxx of China in
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accordance with a lease agreement (the "Xxxxxxxxx"). TaiSi shall sublease a
portion of that certain space to TCSI for the purpose of, among other things,
setting up a Representative Office in Shanghai (the "Office").
1.2 In consideration of the obligation of TCSI to pay rent as herein
provided and in consideration of the other terms, covenants and conditions
hereof, TaiSi hereby subleases to TCSI and TCSI hereby hires from TaiSi, upon
and subject to the provisions of this Sublease and the Xxxxxxxxx, the Office.
3. SUBLEASE SUMMARY AND DEFINITIONS.
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3.1 As between TaiSi and TCSI, the Sublease provisions and definitions set
forth in this Section 3.1 shall replace inconsistent terms in the Xxxxxxxxx. All
other terms and conditions shall remain the same. If there is any conflict
between the Xxxxxxxxx and this Sublease, the latter shall control.
(a) TCSI's Notice Name TCSI CORPORATION
and Address: 0000 Xxxxxx Xxxxxxx Xxxxxxx
Xxxxxxx, XX 00000 (USA)
Attn: Xxx Xxxxx, President & CEO
(b) TCSI's State of Incorporation: Nevada, USA
(c) Sublease Date: From March 15, 2002 to Xxxxx 00, 0000
(x) Unincorporated Provisions of Those provisions that do not apply to the
the Xxxxxxxxx: Office, including but not limited to:
TCSI does not pay to the Overlandlord any
tax, electricity fee, water fee, building
management fee, or similar, and which
shall be the responsibility of TaiSi.
(e) Office: Suite 1503 consisting of approximately
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256.88 square meters.
(f) Sublease Commencement Date: One year commencing on March 15, 2002
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(g) Sublease Expiration Date: March 15, 2003; provided, not less than
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15 days before the expiration date, and
each anniversary thereafter, TCSI may
extend for an additional year, or on a
monthly basis as may be mutually agreed
between the parties.
(h) Monthly Rent: US$1500 (one thousand and five hundred US
Dollars) per month including local taxes
(if any), monthly rent, building
maintenance, hydro, utilities and such
other fees.
(i) Security Deposit: First and last month's rent.
(j) Payment: All amounts payable by TCSI shall be
without previous demand or notice
therefor by TaiSi.
4. MISCELLANEOUS.
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4.1 TaiSi has obtained from the local authorities all approvals required to
sublease to a foreign representative office, or equivalent.
4.2 This Sublease may not be changed orally, but only by an agreement in
writing signed by the party against whom enforcement of any waiver, change,
modification or discharge is sought.
4.3 This Sublease shall not be binding upon TCSI unless and until it is
signed by TaiSi and delivered to TCSI.
4.4 This Sublease constitutes the entire agreement between the parties on
the subject matter herein and all representations and understandings have been
merged herein.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals of
the day and year first above written.
TAISI SCIENCE AND TCSI CORPORATION
TECHNOLOGY LTD., CORPORATION
Name Xxx Xxxx Name Xxx Xxxxx
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Title President Title President & CEO
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Authorized Authorized
Signature /S/ XXX XXXX Signature /S/ XXX XXXXX
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Date Feb. 25, 2002 Date Feb. 25, 2002
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