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Exhibit 10.1
LEASE CONTRACT
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Lessor (Party A):
Stuart Bulcraig and Jim Hong Bing Lessee (Party B):
Shenzhen CSAV Trading Co. Ltd
Address:
12A Blk F Portifino
Address:
(ILLEGIBLE)
ID Card (Business License) NO:
ID Card (Business License) NO:
Telephone:
Telephone:
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Party A has agreed to lease the house property, and Party B has
agreed to accept
the lease by Party A. The both parties, through friendly
consultation and
negotiation, have made and entered into this Agreement under the
laws and
regulations of country and province, whereby the both parties shall
be bound to
the following terms and conditions:
Article I: Party A has agreed to lease the house property, which is
located in
_______ district, Shenzhen City, to Party B for office purpose. The
premise
covers 265 square meters.
Article II: The lease term is from 1/8/06 to 31/7/09
Article III: The monthly rental for the house property amounts to
Currency RMB
sixty (in Word: Five per M(2)), the security deposit of Currency
RMB Seventeen
thousand (in Word: two hundred twenty five). The security deposit
is owned by
party B, and shall not be distressed for rental or property
management fee.
Upon/after all correlative charges are paid off, the security
deposit shall be
refunded to Party B at the expiration of the lease.
Article IV. Mode of Rental Payment
The rental shall be paid once a month before/on 1st day of every
month,
amounting to Currency RMB 17,225.00. Party B shall fulfill the
rental payment
under this Agreement. Where any rental arrearage, 0.5% of amount in
arrear shall
be surcharged as the overdue fine day by day. Where the rental
payment is
delayed for 30 days or longer, Party A shall have rights to cancel
this Contract
and evict the house property. All articles deposited in the premise
by Party B
shall be removed out within two days, or otherwise Party A may
dispose of
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