8888 Acquisition Corporation - Exhibit 10.4 - Filed by newsfilecorp.com






Exhibit 10.4 

English Summary of 
Property Lease Agreement 

Lessor (hereinafter referred as “Party A”): ZHUANG Shuiyuan,
ZHUANG Guoqing, ZHUANG Guocan and ZHUANG Guojian. 

Lessee (hereinafter referred as “Party B”): Jinjiang Chengchang
Shoes Co., Ltd. 

Party A leases the property located at Tianyang Village of
Qingyanglianyu Community, Jinjiang City, China, with floor areas of 4040.2
square meters. Party A and Party B agree as follows: 

	1. 	
      The usage of lease is for the dormitory of Party B’s
      staff. Without consent of Party A, the property shall not be used for
      other purpose.

	 	 	 
	2. 	
      Term of Lease: for January 30, 1999 to January 30, 2019.
      Rent per month is RMB 12,000.

	 	 	 
	3. 	
      Method of Payment: Party B shall pay Party A RMB 72,000
      in every 6 months.

	 	 	 
	4. 	
      Neither Party shall terminate this agreement without
      cause during the term of lease. If either Party desires to terminate this
      Agreement with proper cause, such Party shall provide one-month prior
      written notice to the other Party and pay liquidated damage equal to
      one-month rent to the other Party.

	 	 	 
	5. 	
      During the term of lease, Party B shall comply with the
      local regulations on management of temporary residence and shall not
      utilize this property to conduct any illegal activity. Party A has rights
      to terminate this Agreement prior to the expiration of lease and the
      deposits paid by Party B will be compensated to Party A as liquidation
      damage in case that any of illegal activities is found in property. Party
      B will assume all civil, economic and legal liabilities incurred by
      illegal activities. Party A will not be responsible for such
      activities.

	 	 	 
	6. 	
      During the term of lease, Party B shall take care of all
      equipments inside and outside of the property. If the property and its
      supporting equipments are intentionally or negligently damaged by Party B,
      Party B shall be responsible for the recovery of the property and
      compensation for all economic losses. If Party B needs to decorate the
      property, Party B may renovate at its discretion with the consent of Party
      A, which, however, shall not damage the original construction
      structure.

	 	 	 
	7. 	
      When the lease is expired,

	 	 	 
		a. 	
      Party B shall return the property to Party A. If Party B
      desire to renew the property, it shall negotiate with Party A at least
      half a month prior to the expiration date and Party B shall have right of
      first refusal.

	 	 	 
		b. 	
      upon the expiration of lease, with the consent of Party
      A, Party B has priority to purchase this property at the same
      conditions.

	 	 	 
	8. 	
      Any of the unsettled matters can be solved by negotiation
      of Party A and Party B. Party A and Party B may make supplemental
      agreement, which is equally effective as this
Agreement.








	9. 	
      This Agreement is effective upon the execution and has
      two originals. Each Party holds one.



Party A: ZHUANG Shuiyuan, ZHUANG Guoqing, ZHUANG Guocan and
ZHUANG Guojian. 
/s/ ZHUANG Shuiyuan, ZHUANG Guoqing, ZHUANG Guocan and
ZHUANG Guojian. 

Party B: Jinjiang Chengchang Shoes Co., Ltd. 
(Seal) 

Date: January 25, 1999