Exhibit 10.10
Proved by General Director of Mongolian Proved by GENCO Company
Radio and TV Technical Company Director
D. Tsedevsuren Kh. BattuIga
Lease Agreement of Placing Pager Antenna and Transmitter at
the Mongolian T.V Center
February 05, 1997 Ulaanbaatar city
Mongolian Radio and TV Technical Company on the one side as a xxxxxx and "Home
Vision" Company one the other side as a leasee had agreed to maintain following
agreement.
One. Agreement sides confidential representatives official addresses, names and
Bank account numbers
Mongolian Radio and TV Technical "Home Vision" Company
Company Xxxx Xxx
Director D. Tsedevsuren UB-24 P0Box 539
UB - 17. Huvsgalin zam - 3 Phone: 300193
Phone 325802 Fax: 300197
Fax Bank account:
Bank account: Hudaldaa HogjIiin Bank:
Sergeen Bosgolt : 0000000 (Trade and Development)
(Reconstruction)
Two. A. Responsibilities of Radio and T.V Technical Company
1. To install Transmitting equipment in an appropriate place and to provide by
power.
2. To provide a high quality of service for pager communication antenna and
feeding equipment according to the request of leasee.
3. To have a privilege to use pager at the reduced price.
4. To ensure the safe keeping of "Homevision's transmitter at Mongolian Radio
and T.V stations location.
5. To guarantee the installation of the antenna and to be cabling in a good
working order for a period of 2 (two) years.
B. Responsibilities of "Home Vision" Company
1. To provide required materials and work expenses for the repair of Antenna
and Feeding equipment.
2. To be responsible for Transmitting repair and service.
3. To provide both side agreed number of pagers for the Technical Company use
and to include required payment to lease payment.
4. To pay 3000 USD per a year for lease. Within 7 days after signing on the
agreement have to transmit 1500 USD and to pay rest of lease within
following 6 months. Electricity charge included in this payment. Payment
can be done by Mongol currency according to Mongol Bank USD rate.
C. Possible conflict solution
1. Conflict relating to the pager antenna, transmitting equipment installing,
fixing and providing normal functioning, will be solved on the base of
understanding and respecting both sides needs and difficulties.
2. In case of unfulfilment of its responsibilities, case will be considered by
Technical Company located District Court.
3. If unfulfilment of agreement became the reason of annulling agreement,
complaining side will announce officially one month a head to the other
side about agreement annulling. During, one month both sides have to seek
the ways to solve raising problems. In case of misunderstanding within this
period agreement will be considered as annulled.
Agreement is valid for one year starting from the day of signing the agreement.
If there were no official announcement about annulling agreement within the
agreement valid period document will be considered as valid for the next year
and both sides have to follow its responsibilities.
Agreement printed for 2 copies and signed on ________________ 1977.
Ch. Xxxxxx Xxxx Ang
CHIEF OF THE MONGOLIAN "HOME VISION"
RADIO AND TV TECHNICAL COMPANY
COMPANY UKV STATION
