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EXHIBIT 4.19
TRANSLATION
TENANCY AGREEMENT
Party A: DongGuan Houjie Town Xxxxx Xxxx Trading Company
Party B: Jetcrown Industrial (DongGuan) Limited
Through the sufficient negotiation of Party A and Party B and according
to the principles of fairness and mutual benefit, the Parties agree to sign the
following terms and conditions:
1. THE LOCATION AND AREA OF THE FACTORY:
Party A will provide a block of industrial building with an area of
5,119 square meters; a block of dormitory with an area of 2,054 square
meters; a electricity room with an area of 112 square meters at
Huangguan Industrial Estate "Ma Tsui" (a local name), (the total area
of factory, dormitory and electricity room is 7,284 square meters in
total) to Party B for running his manufacturing production of
electronics, plastics and metal precision etc.
2. TENANCY PERIOD AND RENTAL AMOUNT
The factory and dormitory provided by Party A will be charged at a unit
rate at DOLLARS EIGHT AND FIFTY CENTS RENMINBI (RMB8.50) per square
meter per month. The tenancy period is four years, i.e. from August 1,
2000 to July 30, 2004. Party A agrees to hand over the said factory to
Party B before the end of May. Party B can prepare his planning and
renovation works during June and July. Rentals shall be paid in arrears
and on or before the 10th day of each month. If the rental becomes
overdue, Party A is entitled to charge a penalty (the penalty is
calculated based on a daily rate of 0.1% on the amount overdue).
At signing this agreement, Party B should pay DOLLARS TWO HUNDRED
THOUSAND RENMINBI (RMB200,000.00) to Party A as a deposit for hiring the
factory. This deposit will be used to setoff the rental during the
latter period of the agreement. If Party B cancel this agreement before
its starting date, this deposit will be used to compensate Party A's
loss and Party A will not refund it any more. On the other hand, after
receiving the deposit, Party A cancel this agreement, he should
compensate a sum which equals to two times the deposit to Party B.
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3. RESPONSIBILITIES OF BOTH PARTIES:
1. Party A should help Party B zealously in handling all
kinds of affairs and procedures during the production
and development processes. Party B should comply with
the Government Policy, exercising the management system
of the local city and town governments. Party B should
pay all kinds of tax and other charges of the relevant
government departments. Party B should also ensure its
production is in a safe manner.
2. Before hand over the factory to Party B, Party A should
provide water and electricity to the enclosing wall of
the factory. The other relating facilities will be
responsible by Party B. Party B should purchase estate
insurance for the factory and facilities according to
the country's relevant Enterprise Management Regulation.
3. During the process of production and running business,
if Party B wants to alter the existing factory
structure, he should negotiate with Party A first. If
the damage of the factory is due to Party B's usage, he
should be held responsible to repair it. If there is an
occurrence of any natural disasters, and as a result,
the factory was damaged, it will be solved by both
parties.
4. During the tenancy period, Party B has the right to sublet the
factory. Party B should make sure Party A can receive the rental
as agreed in the agreement on time.
5. The aforementioned agreement is certified by both parties and it
takes effect from the date they signed it. This agreement is in
duplicate, both Party A and B will have one copy which are of
equal validity.
Party A : DongGuan Houjie
Town Xxxxx Xxxx
Trading Company
Representative : Xxxxx Xxxxx Chik
Party B : Jetcrown Industrial (DongGuan)
Limited
Representative: Kam Xxx Xxx
Date of signing the agreement: May 11, 2000
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SUPPLEMENTARY TENANCY AGREEMENT
Party A: DongGuan Houjie Town Xxxxx Xxxx Trading Company
Party B: Jetcrown Industrial (DongGuan) Limited
Party A will provide additional area of factory situates at Huangguan
Industrial Estate "Wa Tsui" (a local name) to Party B. The additional area is
as follows:
1. Area of passage in front of l/F of factory : 8 x 12 = 96 square meters
2. Door Security Guard Room Area: 2 x 5 = 10 square meters
The additional area is 106 square meters in total
The rental for the aforementioned additional area is calculated at
DOLLARS EIGHT AND CENTS FIFTY RENMINBI (RMB 8.50). The tenancy period is four
years as well, starting from August 1, 2000 to July 30, 2004.
Party A : DongGuan Houjie
Town Xxxxx Xxxx
Trading Company
Representative : Xxxxx Xxxxx Chik
Party B : Jetcrown Industrial (DongGuan)
Limited
Representative: Kam Xxx Xxx
Date of signing the agreement: August 23, 2000