Q1 2003 10QA Exhibit 10.1






Exhibit 10.1

Number: (Standard 113)

 

 

 

 

 
General Use
Factory Building Lease

 

 

 

First Party:Shanghai Jinqiao Export Processing Zone
Southern Zone
Development Company, Ltd.








Second Party:DVS Shanghai Fangyuan Digital Technology
Company,
Ltd.

 

 







February 20, 2003 in Shanghai

Number:

 
General Purpose Factory Building Lease



First Party:Shanghai Jinqiao Export Processing Zone
Southern Zone
Development Construction Company, Ltd.





Address:No. 5001 Huadong Road, New District,
Pudong

Legal Representative:Zhang Guanming

 

Second Party:DVS Shanghai Fangyuan Digital Technology
Company, Ltd.

Address:Building 62, No. 421 Hongcao Road, Caohejing
Development
Zone, Shanghai





Legal Representative:

Whereas First Party is the legal owner of the Leased
Factory Building (see definition below) stipulated in this Lease, and intends to
lease the leased factory building to Second Party, and Second Party intends to
undertake to lease the Leased Factory Building from First Party;

Therefore, in accordance with the provisions of the
Contract Law of the People's Republic of China, the Urban Real Estate
Administration Law of the People's Republic of China, the Urban Real
Estate Leasing Regulations, the Shanghai Municipality Opinion and
Operation Guidelines for the Implementation of the 'Urban Real Estate Leasing
Regulations,' the Shanghai Municipal Real Estate Leasing Ordinance
and other regulations, and with reference to current practice in the various
development zones in China and in Shanghai, the two parties, having reached
consensus through consultations,  have arrived at the following agreement with
respect to the matter of undertaking to lease the lease factory building.

1. Definitions
1.1Leased Building: Refers in this Lease to General
Use Factory Building No. 2 (TA-2) located in Lot 3 of the Southern Zone of the
Jinqiao Export Processing Zone, Shanghai (No. 5001 Huadong Road), to be leased
by First Party to Second Party, and to be undertaken to lease from First Party
by Second Party, with total floorage of 11364 square meters (said floorage being
based on the floorage surveyed by the Real Estate Survey Center for Pudong's New
District, Shanghai; details appear in Attachment 10). See Attachment 1,
Explanation of Technical Indicators for the General Use Factory Building
Structure, for details concerning its geographical location and
structure.

1.2Property Management Company: Refers in this Lease to
the property management company that has already executed a property management
contract with the factory zone where the leased factory building is located and
is responsible for the management of the property in said factory zone.

1.3Corollary Facilities: Except as otherwise explained,
in this lease, includes the following two components:

(1) Electricity supply, water supply and
telecommunications;

(2) Rainwater drainage and wastewater drainage pipes
and joggles;

Details of the specific contents of Corollary Facilities
associated with this Lease appear in Attachment 2, Confirmation of General
Use Factory Building Corollary Facilities.

1.4Private Use Areas: Refers in this Lease to areas
inside the Leased Factory Building used by Second Party, including production
workshops, power distribution room, restrooms, boiled water rooms, vestibules,
staircases, loading platforms, elevators, elevator machine rooms, meter rooms,
pump houses, walkways, auxiliary use rooms and interior walls.

1.5Shared Use Areas: Refers in this Lease to areas of the
Leased Factory Building including load-bearing structures, exterior walls and
roofing. Second Party must not independently occupy Shared Use Areas.

1.6Shared Use Equipment: Refers to equipment inside the
Leased Factory Building used by lessees, including water supply pipes, water
drainage pipes, wastewater pipes, lighting equipment, garbage chutes, water
tanks, pumps, lightning arresters and fire prevention equipment.

1.7Public Facilities: Refers to roads, green areas,
parking lots, road lights, water drainage pipes, inspection shafts, septic
tanks, garbage dumpsters and other equipment within the property management area
that are jointly used by the owner and lessees.

1.8Building Load-Bearing Structures: Refers to the
foundation, load-bearing walls, beams and pillars, flooring and roofs of the
factory building.

1.9 Full Year: Refers in this Lease to August 21 of the
current year to August 20 of the next year.



2. Legal Status of the Two Parties
2.1According to the copy of First
Party's business license, provided by First Party as Attachment 3 to this Lease,
First Party is an economic entity established with the approval of the state to
be responsible for land development and economic management of the Southern Zone
of the Shanghai Jinqiao Export Processing Zone, and is a qualified Chinese
juridical person.

2.2 Second Party will jointly invest
with other investors to establish a foreign-owned enterprise in the Southern
Zone of the Shanghai Jinqiao Export Processing Zone, said enterprise to be an
economic entity established with the approval of the state to engage in
production and management of digital electronics products, and will be a
qualified Chinese juridical person.

Beginning on the date on which said foreign-owned
enterprise is established, First and Second Parties agree that all rights and
obligations of Second Party under the terms of this Lease shall be assigned to
said enterprise, and said enterprise shall undertake to lease the general use
factory building set forth in this Lease. At that time, First and Second Parties
and said foreign-owned enterprise shall execute relevant modification
agreements.

2.3Unless especially noted otherwise, for the sake of
convenience of expression, in this Lease, the obligations that will in fact be
fulfilled by the foreign-owned enterprise that Second Party plans to establish
in the future will be expressed jointly as those of "Second Party."




3. Use of Leased Factory Building

3.1First Party has already provided Second Party with
a copy of the Leased Factory Building's Construction Project Plan Permit
(number: Lu Pu Gui Jin Jian (2002) [001]) as Attachment 5 to this Lease; the
intended use of the Leased Factory Building is as a site for production and
management.


3.2Second Party promises First Party that Second Party is
undertaking to lease the Leased Factory Building only as a site for Second
Party's production and management purposes.

3.3During the term of Lease, Second Party must not
unilaterally alter the purpose of use of Leased Factory Building without first
obtaining the written consent of First Party and submitting and obtaining
approval from the concerned sectors in accordance with regulations.





4. Term of Lease

4.1The term of Second Party's lease of the Leased
Factory Building is three years, from August 21, 2003 (hereinafter, "Lease
Initiation Date") through August 20, 2006 (hereinafter, "Expiration Date").

4.2During the term of Lease, the use rights for the
Leased Factory Building shall belong to Second Party, whose legal interests
shall be protected by the laws of the state.




5. Leased Factory Building Rent and Property Management
Fee and Payment Method

5.1The rent and property management fees for the
Leased Factory Building total 22 yuan Renminbi per square meter of
floorage per month (including a property management fee of 2 yuan
Renminbi per square meter of floorage per month). For 11364 square meters of
floorage, the monthly rent is 227280 yuan Renminbi.

5.2Within seven calendar days from the date that this
Lease is executed, Second Party shall pay First Party a deposit equivalent to
two months' rent, totaling 454560 yuan Renminbi. Beginning on the Lease
Initiation Date, the aforesaid paid deposit will convert into a security deposit
for the Leased Factory Building.

5.3Leased Factory Building rent payment method: Second
Party shall pay rent once every three months beginning on the Lease Initiation
Date. The rent payment for the current year will be remitted in a lump sum on
November 1 into the bank account number designated by First Party. Beginning in
2004, Second Party shall remit the rent payment for the current quarter into the
bank account number designated by First Party (see last page of this Lease) by
February 15, May 15, August 15 and November 15 of each year. First Party shall
notify Second Party in writing (including electronic mail) of amounts due at
lease five working days before the due date of amounts payable.

5.4Rent for the Leased Factory Building will not be
adjusted for the first three Full Years beginning from the Lease Initiation
Date. Beginning with the fourth Full Year, rent may be adjusted once every three
Full Years, the scope of such adjustments not to exceed 5% of the total amount
of rent for the previous Full Year.

5.5Second Party must pay a property management fee for
the Leased Factory Building beginning from the date on which the Leased Factory
Building is handed over. By the 15th of each month, Second Party shall pay the
current month's property management fee directly to the Property Management
Company (name: Shanghai Jinjiayuan Property Management Company, Ltd.; Bank of
Account: Farmer's Bank, Jinqiao Branch, General Business Department, Account
Number: 033432-10801021367). First Party shall provide Second Party with a copy
of the property management contract.





6. Other Leased Factory Building Fees and Payment
Method:


6.1All use by Second Party of corollary facilities
shall be implemented in accordance with the terms in Confirmation of Leased
Factory Building Corollary Facilities (Attachment 2).

6.2During the term of Lease, expenses for water,
electricity and wastewater drainage used by Second Party shall be solely borne
by Second Party. Of these, electricity charges for Second Party's Private Use
Areas shall be paid by Second Party directly to the electricity provider.
Electricity charges for Shared Use Equipment and Public Facilities shall be
amortized to Second Party according to its proportion of floorage. Water charges
will be collected by the Property Management Company. Second Party shall pay
charges to the Property Management Company according to the metered quantity on
Second Party's submeter, and shall pay a share of the difference between the
total volume of water used on the general water meter for the factory area where
the Leased Factory Building is located and the total of all submeters in an
amount proportional to Second Party's water use compared to the total water use
for the factory area where the Leased Factory Building is located. Second Party
shall pay Second Party's telecommunications expenses directly to the telephone
company.

6.3During the term of Lease, Second Party's elevator
electricity expenses shall be borne by Second Party. Second Party's professional
elevator operators may operate elevators independently; repair of or
compensation for man-made damage to the elevators shall be the responsibility of
Second Party and other joint users thereof.

6.4During the term of Lease, First Party shall provide
Second Party with the parking spaces necessary to satisfy Second Party's normal
production and management activities free of charge.

6.5For details concerning the payment procedures for the
various fees outlined in 6.1-6.4 above, billing regulations and corollary
facilities, see Attachment 6, Shanghai Jinqiao Export Processing Zone General
Use Factory Building User's Guide.




7. Handover of Leased Factory Building


7.1After this Lease takes effect, First Party shall
hand over the Leased Factory Building to Second Party's use by February 24,
2003.

7.2By five days prior to the Leased Factory building
handover date, First Party shall present Second Party with written notice
similar to the Occupancy Notice (Sample) in Attachment 7, notifying
Second Party to complete occupancy procedures and complete the handover of the
Leased Factory Building. On the handover date, Second Party shall dispatch
personnel to participate. In the event that Second Party does not appear at the
time and fails to demand in writing that First Party hand over the Leased
Factory Building for a period in excess of fourteen days, the Leased Factory
Building shall be deemed to have been handed over to Second Party's use since
the handover date.

7.3On the date that the Leased Factory Building is handed
over, First and Second Parties shall sign a handover document similar to the
General Use Factory Building Handover Sheet (Sample) in Attachment
8 to indicate that the handover of the Leased Factory Building has been
accomplished.




8. Subleasing

8.1Except as otherwise stipulated in this Lease, the
purpose of Second Party's lease of the Leased Factory Building is restricted to
Second Party's own production and management needs; under no circumstances may
Second Party sublet the Leased Factory Building, in part or in whole, to any
third party.




9. Other Rights and Obligations

9.1During the term of Lease, should Second Party
require the Property Management Company to provide support services including
security, janitorial or landscape maintenance services, Second Party shall
engage in consultations with the Property Management Company and shall execute
relevant service contracts. Second Party may also solicit bids to determine the
companies to provide support services. The Property Management Company indicated
in this Lease is entitled to participate in bid solicitations, and the
qualifications of other bidding companies must be accepted by First Party.

9.2Second Party must not damage corollary facilities in
any manner; if they are damaged, Second Party shall be responsible for restoring
them to their original state, and shall bear all expenses therefor.

9.3During the term of lease, should First Party need to
perform work on corollary facilities within the Leased Factory Building, First
Party shall notify Second Party in advance. In the event that such work results
in damage to Second Party's machinery, First Party shall be responsible for
repairing and restoring machinery to its original state, and shall bear all
expenses therefor.

9.4First Party shall be responsible for maintenance and
repair of natural damage to the Leased Factory Building. In accordance with the
maintenance cycle for the general use factory building in which the Leased
Factory Building is located, First Party shall conduct repairs according to the
stipulated schedule and maintenance scope. The party responsible for man-made
damage to the Leased Factory Building shall be responsible for restoration or
compensation of the corresponding economic losses.

9.5Within 24 hours of receipt of notice from Second
Party, First Party shall respond and, provided that Second Party's production is
not affected, shall eliminate inherent defects in the Leased Factory Building as
quickly as possible; otherwise, in the event that [illegible handwritten
insertion] losses are incurred by Second Party, First Party shall provide
compensation.

9.6During the term of Lease, Second Party must not damage
the Leased Factory Building and its equipment and auxiliary facilities, nor is
it permitted to alter the purpose of use of the Leased Factory Building, nor may
it unilaterally dismantle, add to or damage the structure of the Leased Factory
Building arbitrarily.

9.7During the term of lease, should Second Party need to
partition, redecorate and/or partially rebuild the Leased Factory Building, in
order to proceed, it must first obtain the written consent of First Party and
approval from the Property Management Company, in accordance with the procedures
stipulated in Attachment 6. The aforesaid acts on the part of Second Party must
not violate national and local laws and regulations concerning construction,
fire prevention, environmental protection and industrial sanitation, and must
not damage the architectural structure of the Leased Factory Building and the
general use factory building in which it is located. The concerned government
departments, First Party and the Property Management Company have the right to
monitor and inspect Second Party, and to demand that Second Party rectify and
reform immediately. Additionally, Second Party must not damage the architectural
structure of the Leased Factory Building. If the architectural structure is
damaged or altered, Second Party shall be responsible for restoring it to its
original state, and shall bear all expenses therefor.

9.8No additional building (structures) may be added to
the exterior walls and roofs of the Leased Factory Building and the General Use
Factory Building in which it is located. If expansion is indeed necessary under
special circumstances, Second Party shall obtain First Party's written consent
in advance.

9.9Second Party shall do a good job of environmental
sanitation in accordance with the relevant national and Shanghai Municipality
laws and regulations.

9.10Shared Use Area management and environmental
management in the factory area shall be handled in accordance with Attachment 9
hereto, Shanghai Jinqiao Export Processing Zone General Use Factory Building
Use, Management and Maintenance Regulations.

9.11Public sanitation and landscaping of areas outside
the Leased Factory Building shall be the responsibility of First Party.

9.12During the term of Lease, should First Party intend
to sell the Leased Factory Building, Second Party shall have priority right of
purchase under equal conditions. First Party shall notify Second Party in
writing one month in advance of its intent to sell the Leased Factory Building
(the contents of said written document shall include, but are not limited to,
the true selling price, the company name or personal name of the intended
purchaser, sale scheduling arrangements and other essential information), Within
fifteen days of receiving such written notice from First Party, Second Party
shall respond in writing to First Party as to whether it will purchase the
Leased Factory Building. Second Party's failure to respond in writing by the
deadline shall be deemed as Second Party's forfeiture of the purchase of the
Leased Factory Building.






10. Extension and Rescission of Lease

10.1Upon expiration of the term of the Leased Factory
Building Lease, should Second Party wish to extend the lease, it may apply to
First Party for an extension.

Should Second Party apply to extend the lease, it shall
meet each of the following conditions:

(1) Written application for extension shall be delivered
to First Party no later than three months before the expiration date;

(2) Should the extension exceed the term of the business
license, Second Party must further submit approval documents from investment
review and approval departments consenting to Second Party's extension of the
business license term, said documents to be delivered to First Party
simultaneously with the document described in the previous paragraph.

10.2After Second Party has presented application for
extension in accordance with the provisions of Article 10.1, prior to the
expiration date stipulated in this Lease, First Party must not make any legally
binding commitments to any third parties with respect to the leasing of the
Leased Factory Building.

10.3After Second Party has presented application for
extension in accordance with the provisions of Article 10.1 and obtained First
Party's consent, the two parties may  refer to the aims of this Lease to execute
a new General Use Factory Building Lease. This Lease shall remain valid
from the expiration date until the date on which the new General Use Factory
Building Lease takes effect, and the two parties shall continue to fulfill
this Lease. However, in the event that the two parties are unable to execute a
new General Use Factory Building Lease within six months after the
expiration date, unless the two parties arrive at a written agreement of
willingness to continue consultations with respect to the extension matter, this
Lease shall be spontaneously rescinded. The rescission date shall be the first
day of the seventh month after the expiration date.

10.4Should either party to this Lease need to rescind
this Lease prematurely for special reasons, said party shall notify the other
party in writing three months in advance. Upon consent of the other party, the
two parties may consult concerning premature rescission of this Lease.

10.5In the event that First Party fails to hand over the
Leased Factory Building as stipulated for a period exceeding sixty days, Second
Party shall be entitled to unilaterally rescind this Lease by means of written
notice. In the event that Second Party fails to pay rent or other fees for a
period exceeding sixty days, First Party shall be entitled to unilaterally
rescind this Lease by means of written notice, and, under the notarization of
notary authorities, First Party shall be entitled in Second Party's absence to
independently move all articles belonging to Second Party that remain in the
Leased Factory Building, including equipment and machinery. Moving expenses and
expenses of the location used to store said articles shall be borne by Second
Party.



10.6In the event that Second Party does not extend the
lease upon expiration of the term of lease for the Leased Factory Building, or
this Lease is rescinded in accordance with the provisions of Articles 10.3-10.5,
Second Party shall return the Leased Factory Building to First Party on the day
after the expiration date or rescission date; however, in the event that Second
Party encounters difficulties in returning the Leased Factory Building on the
day after the expiration date or rescission date, upon First Party's advance
consent, return may be postponed for two months. During this two-month grace
period, Second Party shall pay monthly rent to First Party in the amount of the
rent in the month of the expiration date, and shall pay property management fees
and other fees in accordance with the provisions of this Lease. For details
concerning procedures for Second Party's return of the Leased Factory Building,
see Attachment 6 hereto; additionally, each of the following conditions must be
met:


(1) Second Party shall be responsible for repairs or
compensation for all areas, equipment or auxiliary facilities with man-made
damage.


(2) Must be accepted by First Party;

(3) Complete return of Leased Factory Building to First
Party, including keys, passwords, etc.



10.7Without First Party's advance written consent, if
Second Party fails to return the Leased Factory Building on schedule, in
addition to payment of a breach of contract penalty as stipulated in this Lease,
Second Party shall further continue to pay rent to First Party on a monthly
basis in the amount of the rent for the month of the expiration date (periods of
less than one month shall be counted as one month), and shall continue to pay
property management fees and other fees in accordance with the provisions of
this Lease.




11. Breach of Contract Liability

11.1Except as otherwise stipulated in these Lease
documents, any of the following situations on the part of First Party shall
constitute breach of contract:

(1) Failure to provide the Leased Factory Building at the
time stipulated in this Lease;

(2) Failure of the Leased Factory Building provided to
meet the conditions stipulated in this Lease;

(3) Performance of work inside the Leased Factory
Building without advance notice to Second Party that results in losses to Second
Party's normal production and management activities;

(4) Violation of other terms and conditions of this
Lease.

11.2Except as otherwise stipulated in these Lease
documents, any of the following situations on the part of Second Party shall
constitute breach of contract:

(1) Subleasing of Leased Factory Building without First
Party's consent;

(2) Damage to various types of Corollary Facilities such
that First Party incurs economic losses;

(3) Damage to the Leased Factory Building or unilateral
alteration of its architectural structure;

(4) Failure to return the Leased Factory Building to
First Party as required;

(5) Violation of other terms and conditions of this
Lease.

11.3The defaulting party shall pay a breach of contract
penalty to the other party, said breach of contract penalty to be calculated on
a daily basis using the following method:

(1) The daily breach of contract penalty shall be 0.05%
of the quarterly rent amount, i.e., 340 yuan Renminbi;

(2) Number of breach of contract days = Calendar days
from the date on which the breach of contract occurs through the date on which
the breach of contract is corrected;

(3) Breach of contract penalty amount = Daily breach of
contract penalty  ́
 Number of breach of contract days.

11.4In the event that economic losses incurred by the
other party as the result of breach of contract, the defaulting party shall
further pay compensation in the amount that exceeds the breach of contract
penalty. The amount of compensation shall be calculated factually by the two
parties based on the degree of economic losses and jointly approved; a third
party with professional authority may also be commissioned by the two parties to
verify the amount.

11.5After the breach of contract event occurs, should the
compliant party require continuation of fulfillment of this Lease, regardless of
whether the breach of contract penalty and compensation amounts have already
been paid, the defaulting party shall continue to fulfill this Lease.

11.6Breach of contract penalties and compensation amounts
shall be paid no later than ten days after the breach of contract liability is
determined. In the event that the breach of contract event remains in effect on
the date of payment of the breach of contract penalty and thereafter, the
defaulting party shall continue to pay breach of contract penalties and
compensation until the breach of contract conduct terminates.

11.7Events matching any of the following situations shall
be deemed as delinquent payment. For each day of delinquency, a delinquency
penalty of 0.05% of the unpaid amount shall be paid.

(1) Second Party is delinquent in payment of Leased
Factory Building rent, property management fees or other fees;

(2) Either party is delinquent in payment of breach of
contract penalties or compensation amounts.





12. Lease Documents

12.1The Attachments to this Lease are incorporated
into this Lease by virtue of their mention, thereby forming inseparable
components hereof, having equal legal validity with the Lease.

12.2The Attachments to this Lease include:

(1)Attachment 1:General Use Factory Building
Sales Instructions (Explanation of Technical Indicators for the General Use
Factory Building Structure).

(2)Attachment 2:Confirmation of General Use
Factory Building Corollary Facilities.

(3)Attachment 3:Copy of First Party's Business
License;

(4)Attachment 4:Copy of Second Party's Business
License;

(5)Attachment 5:Copy of Construction Project
Plan Permit (No.: Lu Pu Gui Jin Jian [2002] [001]).

(6)Attachment 6:Shanghai Jinqiao Export
Processing Zone General Use Factory Building User's Guide.

(7)Attachment 7:Occupancy Notice (Sample).

(8)Attachment 8:General Use Factory
Building Handover Sheet (Sample).

(9)Attachment 9: Shanghai Jinqiao Export
Processing Zone General Use Factory Building Use, Management and Maintenance
Regulations.



(10)Attachment 10: Survey Report concerning the Leased
Factory Building prepared by Real Estate Survey Center for Pudong's New
District, Shanghai.





13. Other


13.1Neither of the two parties shall be liable for losses
incurred by the two parties as the result of force majeure. In the event that
force majeure results in inability to fulfill this Lease in accordance with the
agreed conditions, the party encountering force majeure shall notify the other
party immediately, and, within fifteen days, shall provide valid evidence of the
details of the force majeure event and the reason for inability to fulfill, or
partial inability to fulfill, or need to extend fulfillment of the Lease. Based
on the degree of impact of the force majeure event on the fulfillment of the
Lease, the two parties may consult to determine whether to rescind the Lease,
partially waive fulfillment of the Lease, or postpone fulfillment of the
Lease.



13.2Should Second Party develop a neighboring
relationship with other parties during the term of Lease, the situation shall be
handled in accordance with national regulations.



13.3The two parties shall resolve disputes arising in the
process of fulfilling this Lease through consultations; in the event that
consultations are unable to resolve such disputes, litigation may be filed with
the People's Court in the locale of the Leased Factory Building.



During the process of occurrence and resolution of disputes,
except as otherwise stipulated herein, neither party may discontinue or
terminate fulfillment of the obligations stipulated in this Lease.



13.4If there are omissions from this Lease, upon
consensus of the two parties through consultations, separate written agreements
may be reached to form components of this Lease, such agreements having equal
legal validity with the Contract.



Upon consensus of the two parties through consultations,
this Lease may be amended. Before the amended document takes effect, the two
parties shall continue to fulfill this Lease in accordance with the contents
stipulated herein.



13.5This Lease shall take effect upon signing by the
legal representatives or authorized representatives of the two parties and
payment in full of the deposit by Second Party.



13.6After this Lease becomes valid, in the event that the
state or Shanghai Municipality amend the laws, ordinances and regulations upon
which this Lease is based, or promulgate new laws, ordinances and regulations
that are retroactively binding on this Lease, the two parties shall promptly
amend this Lease to ensure that the legal interests of the two parties are not
damaged.



13.7This Lease is written in Chinese.



13.8The execution, validity, interpretation and
fulfillment of this Lease, and the resolution of associated disputes, are
governed by the laws of the People's Republic of China.



13.9There are five identical original copies of this
Contract, two to be held by each of First and Second Parties, and one to be held
by each of the relevant real estate registration departments.



13.10In witness whereof, this Lease is hereby executed by
First and Second Parties on February 20, 2003 in Shanghai.



 
First Party:Shanghai Jinqiao Export Processing Zone
Southern Zone Development Company, Ltd.

[seal:]

Shanghai Jinqiao Export Processing Zone Southern Zone
Development Company, Ltd.



Legal Representative

or



Authorized Representative: [illegible signature]



Contact Address: No. 28, Jinqiao Road, New District, Pudong,
Shanghai; postal code: 201206.

Bank of Account and Account Number: [blank]



 

 

Second Party:DVS Shanghai Fangyuan Digital Technology
Company, Ltd.

[seal illegible]



Legal Representative
or









Authorized Representative: [illegible signature]



Contact  Address: Building 62, No. 421 Hongcao Road,
Caohejing Development Zone, Shanghai; postal code: 200233

Bank of Account and Account Number: [blank]