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Exhibit 10.7    
    


 
 

RENTAL AGREEMENT    



This
agreement, entered into this first day of October 1999, by and between UNITED ENERGY CORP. and GSI, hereinafter called respectively lessor and lessee. 


Witnesseth:
That for and in consideration of the payment of the rents and the performance of the convenants contained on the part of lessee said lessor does hereby demise and let unto the lessee, and
lessee hires from lessor use as an industrious premises described as                        located at No. 17 floor, United
Technology Building #A, Fantz PO, Chupei City for a tenancy from
Oct. 1, 1999 to Sep. 30, 2004, for five years. 



	Rental payment	 	 	 	 
	1st year	 	NT$	 	132,000.00
	2nd year	 	 	 	136,000.00
	3rd year	 	 	 	144,000.00
	4th year	 	 	 	151,000.00
	5th year	 	 	 	158,000.00






Parking
fee is payable monthly in advance on the 1st day of each and every month. Rent will be paid for 12 months, lessor notifies lessee to pay at Oct 1, and lessee will be paid three days
before November 1. If there is a returned check, the lessee will be adding 2% interest for each day late, and lessor could stop rental agreement, lessee will have to move out. Deposit is
NT$390.000.00, after the end of lease the lessor will pay for all utilities including the electric, gas, and telephone bill. Lessor will give a receipt for the check from lessee when lessor pays
income tax. 


The
limit of rental: 


	1.
	Lessee
shall not sub-lease the demised premises or any part thereof, or assign this agreement without the lessor's written consent.



	2.
	Lessee
couldn't use building for resident use.



	3.
	Lessee
shall keep and maintain the premises in a clean and sanitary condition at all times.



	4.
	That
all alterations, additions, or improvements made in and to the said premises shall, unless otherwise provided by written agreement between the parties hereto, be the property of
lessor and shall remain upon and be surrendered with the premises. 



Failure
to obey the rule: 


	1.
	If
lessee disobeys the rule, lessor could stop the agreement and take over the building.



	2.
	Rental
agreement is in effect to the ending date, lessee shall return the building to lessor and cannot ask any additional fees. When the lease ends, the lessor will take the equipment
in the building. If lessee fails to move by the end of the lease, a monthly rent 2% to the lessor will be deducted from the deposit.



	3.
	If
lessee doesn't follow the contract, the lessor could sue lessee. 



Additional
agreement: 


	1.
	Lessee's
business should pay income taxes to IRS and have not owed IRS in the past.



	2.
	The
building cannot store dangerous cargo.



	3.
	The
lessor pays property taxes. Electricity, water, gas, telephone and business taxes by lessee. 


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	4.
	If
the areas in the building need fixing, the lessee should do regular maintenance.



	5.
	Lessee
moves out before the rental agreement, the rent will not be refunded.



	6.
	Rental
agreement must kept by both parties, otherwise the losing party will pay for all legal costs.



	7.
	If
lessee wants to cancel the contract, and if both parties can find new lessee to continue the rental, the rent will not be refunded, and the lessee will pay for the remaining period.



	8.
	Supporter
of lessee would keep the responsibility of the contract, and won't give up duty.



	9.
	The
paper work will be delivered to each party.



	10.
	Contract
will not be given to another party except another partner.



	11.
	Air-condition
system, ceiling, and electricity are the responsibility of the lessor and the lessee pays for the utilities. 



The
rule of agreement: If lessee will not return the building after the ending date, or doesn't want to pay rent, the partner will then be responsible. 


Both
parties will settle disagreements in Shin-Chu district court. 


Both
parties have the contract copy. 


The
contract of rental agreement says that if the lessee needs more space, then lessor will offer an addition space in the building; otherwise lessee could stop the contract. 


If
the building new, and the structure is not safe for use, lessee could stop the contract, and lessor will pay for the loss of lessee. 


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Exhibit 10.7


RENTAL AGREEMENT