Lease Agreement:
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| Leassor: | ▇▇ ▇▇▇▇▇ Chi |
| Leassee: | Dong Ya ▇▇▇ ▇▇▇▇ Automobile Trading Limited |
According to Contact Law of China, we hereby agreed that Lessor shall lease 8,950 sq.feet property located at 83, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Road, ▇▇▇▇ He District, Shen Yang City to Leassee under the following terms:
- 1.
- Term
of Lease: one year for USD 24,096. The lease will start on October 1, 2004 and expires on October 1, 2005.
- 2.
- Leassor
warrants that Lessor has ownership and leasing rights to the said property and will reimburse Leassee for any damage caused due to deficiency in Leassor's ownership and leasing
rights.
- 3.
- Leassee
cannot sublease the said property to other party. Leassee is responsible for water, electricity and other expenses. Leassor is responsible for the heating expense for the said
property.
- 4.
- Leassee
will be responsible for damage caused to the said property during the term of the lease.
- 5.
- In case of dispute, both party agreed to resolve the dispute according to China Contract Law via arbitration.
| Leassor | Leassee | |
| /s/ ▇▇ ▇▇▇▇▇ CHI | /s/ DONG YA ▇▇▇ ▇▇▇▇ AUTOMOBILE TRADING LIMITED |