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SOCIALIST REPUBLIC OF VIETNAM

Office Lease Agreement

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This Office Lease Agreement involves

DOT VN, INC.

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Title: SOCIALIST REPUBLIC OF VIETNAM
Date: 11/20/2008

SOCIALIST REPUBLIC OF VIETNAM, Parties: dot vn  inc.
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Exhibit 10.28

 

SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness  


 

CONTRACT FOR LEASING OFFICE

No.: 08/2008/HDTVP

 

Pursuant to the Civil Code No.33/2005/QH11 passed by the 11th National Assembly of the Socialist Republic of Vietnam, Section 7 in June 14 th , 2005.

 

Pursuant to the Commercial Law No.36/2005/QH11 passed by the 11th National Assembly of the Socialist Republic of Vietnam, Section 7 in June 14 th , 2005.

 

Pursuant to the Decision No. 9885/QD-UBND dated December 13 th , 2007 from The People’s Committee of Da Nang City on establishing Da Nang Information and Communication Technology Infrastructure Development Center.

 

Pursuant to the Investment Licence No. 322043000100 issued by Danang Industrial and Export Processing Zone Authority, certified at first on August 20 th , 2008.

 

Based on the Offer to lease of DOT VN Company Limited (in Danang) signed on September 18 th , 2008.

 

Today, dated on November 17 th , 2008 at the Office of Da Nang Information and Communication Technology Infrastructure Development Center, we sign the Contract for leasing office at Software Park Tower with the following contents:

 

I/ THE LESSOR : (PARTY A herein)

 

DA NANG INFORMATION AND COMMUNICATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT CENTER

 

Representative   :

Mr. Nguyen Quang Thanh  

Position : Director

 

Mr. Vo Ngoc Son  

Position : Accountant

Head office   :

No.2 Quang Trung, Hai Chau District, Da Nang City, Viet Nam

Telephone   :

 

- Fax:

Tax code   :

 

 

Account No.   :

 

 

 

II/ THE LESSEE : (PARTY B herein)

 

DOT VN COMPANY LIMITED

 

Representative   :

Mr. Phuoc Lee Johnson    

Position : Chief Executive Officer

Position   :

General Director

Position : Accountant

Head office   :

Slot 47, Danang Industrial Zone, Son Tra Dist, Danang, Vietnam.

Telephone   :  

 

Fax:

Tax code   :

 

 

Account No.   :

 

 

Passport No   :  

Date of issue:  

Place of issue:

Cellphone   :  

 

Email:

 


 

Exhibit 10.28

 

CONTENT OF THE CONTRACT

 

Article 1 : Area, Position and Duration of leasing

 

1.1. Area of leasing: Party A rents office ground out to Party B with an area of 95 m 2 , position E , floor 9 of the Software Park Tower - 02 Quang Trung, Hai Chau District, Da Nang City.

 

1.2. Duration of leasing : 02 (two) years ( as from 01/01/2009 to 31/12/2010)

 

Article 2 : Purpose of leasing office and Operation field

 

- Purpose of leasing office : Operate project office to build Internet Data Center (IDC), Information and Communication Technology transaction.

- Operation field : Information and Communication Technology & Internet and specific fields registered in the Investment Licence.

 

Article 3 : Price of leasing office and Payment method

 

3.1. Price of leasing office : 15.50 USD/m 2 /a month (not included VAT)

 

(In words : Fifteen US dollars and fifty cent per square meter per a month)

 

Price of leasing office is inclusive of the contents indicated at Item 1.2 - Article 1 and Item 5.3 - Article 5 of the contract.

 

3.2. Payment method:

 

- Payment period: Payment is made by once three months within 30 (thirty) first days of its payment period which is applied during leasing time.

 

- Payment method: Party B makes payment of Vietnam dong for Party A in cash or by transfer according to sale price at Joint Stock Commercial Bank for Foreign Trade of Viet Nam - Da Nang Branch at the payment time.

 

- Beneficiary unit:

 

Da Nang Information and Communication Technology Infrastructure Development Center

 

Head office : No.2 Quang Trung, Hai Chau, Da Nang City - Viet Nam

 

Account No.:

 

3.3. Office leasing money is as from January 01 st , 2009.  

 

2


 

Exhibit 10.28

 

3.4. Periodic payment value:

 

- Value without tax for 03 months:

 

 

95 m 2 x 15.50 USD/ m 2 / month x 03 months  

= 4,417.50 USD

 

- VAT ( 10%): 4,417.5   USD x 10% 

=   441.75 USD

 

Total of payment value for 03 months   

= 4,859.25 USD  

 

( In words: Four thousand, eight hundred fifty-nine and twenty-five cent./.)

 

The total of periodic payment value of the Contract for every three (03) months depends on the time of payment.

 

Article 4 : Deposit

 

Party B leaves a deposit to Party A equivalent to 02 (two) month-leasing money (not including VAT) in cash or by transfer . In case of Viet Nam dong deposit USD rate is counted by sale price at Joint Stock Commercial Bank for Foreign Trade of Viet Nam - Da Nang Branch at deposit time.

 

- Total of deposit:

 

15.50 USD x 95 m 2 x 02 months = 2,945 USD

 

    (In words : Two thousand, nine hundred and fourty-five US dollar./.)

 

- Equivalent to Viet Nam dong : 49,602,635 VND

 

    (In words : Fourty-nine million, six hundred and two thousand and six hundred and thirty-five Viet Nam dong./.) )

 

Foreign Exchange Rate is 16,843 VND/ 1 USD on 05/11/2008.

 

Article 5 : Responsibilities and obligations of Party A

 

5.1. Handing over ground of leased office according to its area indicated at Item 1.1-Article 1 of the contract and equipments and technical material facilities installed according to party B’ leased area (Report on handing over premises/property).

 

5.2. Ensuring that Party B has right to use leased area.

 

5.3. Ensuring to provide with full utilities and services are included in leasing price following:

- Equipments is installed including: electricity, air-conditio


 
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