ex10_5.htm


     

    
      Leasing Contrat of Factory

      Lessor: Li Huiru

      Lessee: Dongguan Qiandaitian
Printing, Ltd.

      Location: No6# Economic
Development Zone, Wushaliwu, Changan Town, Dongguan

      Area: 6,000/
sq.m

      Tenancy Duration: From 1st, April, 2000 to
31st December, 2010, 10
years.

      Rental: Rmb50, 000/month, Rmb600, 000/year.

      Other
related charge (water, electronic, coal gas and telecom etc.) will be paid by
lessee during the rental duration. The lessee will free of rental during the
period of decoration which will be 2 months. The lessee have the responsibility
to maintain the factory and the maintenance cost if improper and unreasonable
use.

      


      Other Rental
Term:

      a) The
lessee will have 3 months rental as compensation if the lessor terminate the
rental contract before the duration. Otherwise, the lessee needs to pay same
amount compensation to the lessor if the lessee terminates the contract before
the tenancy duration.

      


      b) The
Lessor need to take all the responsibility if cause loss due to the normal
operation of the lessee is affected regarding the problem of property
right.

      


      c) The
Lessee could decorate the factory according the characteristics of the business
in the rental duration and the structure of the factory could not be destroyed;
the charge of decoration will be responsible by the lessee.

       

      Leasing Contract of Factory (Renewal)

      Lessor: Li Jianhui

      Lessee: Dongguan Qiandaitian Printing
Ltd.

      Location:
No6# Economic Development Zone, Wushaliwu, Changan Town,
Dongguan

      Area:
6,000/
sq.m

      Tenancy Duration: From 1st January, 2011 to
31st December, 2020, 10
years,

      The
lessee have the priority if renewal the contract.

      


      Rental:

      a)
Rmb50, 000/month,
Rmb600, 000/year, from
the year of 2011 to
2013;

      b)
Rmb55, 000/month,
Rmb660, 000/year, from
the year of 2014 to
2016;

      c)
Rmb60, 500/month,
Rmb726, 000/year, from
the year of 2017 to
2020.

      


      It
will be paid by cash or bank payment.

      


      Other
related charge (water, electronic, coal gas and telecom etc.) will be paid by
lessee during the tenancy duration. The lessee have the responsibility to
maintain the factory and the maintenance cost if improper and unreasonable
use.

      


      Other Rental
Term:

      a) The
lessee will have 3 months rental as compensation if the lessor terminate the
rental contract before the duration. Otherwise, the lessee needs to pay same
amount compensation to the lessor if the lessee terminates the contract before
the duration.

      


      b) The
Lessor need to take all the responsibility if cause loss due to the normal
operation of the lessee is affected regarding the problem of property
right.

      


      c) The
lessee needs to get the approval in writing by the lessor if the additional
decoration of the factory is needed. It only could be implemented after the
lessor gets related approval by the government department if it must be approved
according to the provision.

       

      Leasing Contract of land

      Lessor: Wen Xiao
Xia

      Lessee: Dongguan Qiandaitian Printing
Ltd.

      Location:
Western side of Dongguan Qiandaitian Printing Ltd., No6#
Economic Development Zone, Wushaliwu, Changan Town, Dongguan

      Area:
10,000/
sq.m

      Tenancy Duration: From 1st January, 2008 to
31st December, 2017, 10
years,

      The
lessee have the priority if renewal the contract.

      


      Rental:

      a)
Rmb60, 000/month,
Rmb720, 000/year, from
the year of 2008 to
2010;

      b)
Rmb70, 000/month,
Rmb840, 000/year, from
the year of 2011 to
2013;

      c)
Rmb80, 000/month,
Rmb960, 000/year, from
the year of 2014 to
2017.

      


      It
will be paid by cash or bank payment.

      


      Other
related charge (water, electronic, coal gas and telecom etc.) will be paid by
lessee during the tenancy duration. The lessee has the responsibility of
applying for any construction of factory premises on the land and bearing the
cost of such construction of factory premises.

      


      


      Other Rental
Term:

      a) The
lessee is entitled to 3 months rental and actual amount of investments under
this contract as compensation if the lessor terminates the rental contract
before this contract termination date. If the lessee requests early termination
before the termination date of this contract, the rental deposit paid by the
lessor, which equals 6 months of the initial monthly rental, will not be
repayable and the factory premises on the land (excluding the machineries) will
be owned by the lessor without compensation.

      


      b) The
Lessor will be responsible for compensating all losses from affection
of  normal operation of the lessee arising from the questions relating
to the certificate of property right.