ex10_4.htm


     Exhibit 10.4 

     

     Lease
Contract 

    


     Party
A: China
Great Wall Computer Shenzhen Co., Ltd. 

    


     Party
B: SinoHub
SCM Shenzhen, Ltd. 

    


    
      	
               I.   

            	
               Leasing
      property and supporting
facilities 

            


    

    
      	
               1.   

            	
               Leasing
      property: 6/F, No. 5 Qiongyu Road, Central Area, Technology Park, Nanshan
      District, Shenzhen, China. Total property is 2564.2M2. 

            


    

    
      	
               2.   

            	
               Party
      A agrees to provide electricity, central air-conditioning, fire fighting
      system, and illuminating system to Party
B. 

            


    

    
      	
               3.   

            	
               Party
      A agrees to change the goods elevator into goods& passenger elevator,
      Party B shall pay for the
expenses. 

            


    

    
      	
               4.   

            	
               Party A agrees to offer two free
      months to Party B for decoration, which starts on Aug 10, 2008 and
      ends on Oct 10, 2008. Party B shall pay for water & electricity fees
      during this period. 

            


    

    
      	
               5.   

            	
               Party
      A authorizes Party B to install billboard in compliance with laws and
      regulations. 

            


    

    
      	
               6.   

            	
               Party
      B shall not take activities that may negatively affect the interests of a
      third party. In case those activities happen, Party B shall be reliable
      for all the liabilities. 

            


    

    
      	
               7.   

            	
               Party
      A agrees to provide seven free parking spaces to Party
    B. 

            


    

    


    
      	
               II.   

            	
               The
      use of leasing property 

            


    

     Party
B shall use the leasing property for office and warehouse use. 

    


    
      	
               III.   

            	
               Rent,
      water & electricity fees, management
  fees 

            


    

     Rent:
RMB33.8/m2/month,
monthly rent shall be RMB86669.96, Party B
shall start paying rent on Oct 11, 2008. The
rent includes the following items: 

    
      	
               1.   

            	
               Management
      fees, public facilities maintenance
fees. 

            


    

    
      	
               2.   

            	
               Maintenance
      fees for air-conditioning. 

            


    

    
      	
               3.   

            	
               Maintenance
      fees for fire extinguisher
system. 

            


    

    
      	
               4.   

            	
               Maintenance
      fees for elevator. 

            


    

    
      	
               5.   

            	
               Rent
      taxes. 

            


    

    
      	
               6.   

            	
               Party
      B shall pay all expenses according to the collecting notice from the
      government. 

            


    

    
      	
               7.   

            	
               Party
      A shall provide invoices for all expenses to Party
  B. 

            


    

    
      	
               8.   

            	
               Party
      A and Party B shall sign a different contract on the use, maintenance and
      fees of elevator. In case there are disagreements, the contract on
      elevator shall rule. 

            


    

    


    
      
        
        

      

      
         1 

        
          

        

      

      
        
        

      

       

    

    
      	
               IV.   

            	
               Management 

            


    

    
      	
               1.   

            	
               Party
      A shall pay for management fees to the management company for public
      areas, and Party A shall be responsible for sanitation around the
      building. Party B shall be responsible for inside securities and
      sanitation. 

            


    

    
      	
               2.   

            	
               Party
      B shall be responsible for the facilities maintenance within the leasing
      area. 

            


    

    


    
      	
               V.   

            	
               Leasing
      period 

            


    

    
      	
               1.   

            	
               This
      contract shall last for five years. The rent for the fourth and fifth year
      shall increase to RMB37/M2. 

            


    

    
      	
               2.   

            	
               In
      case Party A will transfer part or whole of the property to a third party
      during the leasing period, Party A shall guarantee that the third party
      shall take all the obligations under the contract and protect the rights
      of Party B. 

            


    

    
      	
               3.   

            	
               Party
      A shall inform Party B of the transfer with 3-month written
      notice. 

            


    

    
      	
               4.   

            	
               Under
      the same condition, Party B shall enjoy priority in obtaining the
      property. Party B shall confirm obtaining within 7 days after receiving
      the notice, otherwise Party B shall lose the
  priority. 

            


    

    


    
      	
               VI.   

            	
               Payment
      terms 

            


    

    
      	
               1.   

            	
               Party
      B shall pay two-month deposit RMB173339.92 to
      Party A 5
      days after the effective date. Note that Party B has paid one-month
      deposit RMB86670 when
      signing the letter of intent. 

            


    

    
      	
               2.   

            	
               Rent
      details are as follows: 

            


    

    
      	
               Payment
      Date 

            	
               Leasing
      Area M2 

            	
               Rent
      Per M2 

            	
               Monthly
      Rent 

            
	
               2008/8/10-2008/10/10 

            	
               2564.2 

            	
               0 

            	
               0 

            
	
               2008/10/11-2008/10/30 

            	
               2564.2 

            	
               33.8 

            	
               57779.97 

            
	
               2008/11/1-2011/8/30 

            	
               2564.2 

            	
               33.8 

            	
               86669.96 

            
	
               2011/9/1-2013/8/30 

            	
               2564.2 

            	
               37 

            	
               94875.4 

            


    

    
      	
               3.   

            	
               Party
      A shall send out the collecting notice before 5th
      every month, Party B shall pay as per the collecting notice within
      10 working days. 

            


    

    


    
      	
               VII.   

            	
               Decoration 

            


    

    
      	
               1.   

            	
               Party
      A shall not designate any contractor to Party B regarding water,
      electricity, air-conditioning, fire protection, and network. In case the
      contractor is not qualified according to the laws and regulations, Party A
      has the right to change the
contractor. 

            


    

    
      	
               2.   

            	
               Party
      B shall pay for deposit before decoration; Party A shall authorize
      decoration after receiving the
deposit. 

            


    

    
      	
               3.   

            	
               Party
      A shall authorize Party B to install monitoring system, entrance system,
      and security system. Party B shall have qualified company to install the
      fire fighting device and pay for all
  expenses. 

            


    

    
      	
               4.   

            	
               Party
      B shall notice Party A 2 days before moving into the building. And Party B
      shall be responsible for the protection of supporting
      facilities. 

            


    

    
      	
               5.   

            	
               Party
      B shall be liable for any damage to a third party caused by wrongly
      decoration. 

            


    

    


    
      
        
        

      

      
         2 

        
          

        

      

      
        
        

      

       

    

    
      	
               VIII.   

            	
               Engineering
      Management 

            


    

    
      	
               1.   

            	
               During
      the leasing period, Party A has the right to supervise the engineering
      activities of Party B. Any decoration or add in power equipment shall be
      approved by Party A in advance. 

            


    

    
      	
               2.   

            	
               Party
      A shall have qualified company for the maintenance of elevator and fire
      fighting devices, and Party B shall pay for all
    expenses. 

            


    

    
      	
               3.   

            	
               Party
      A shall be responsible for the maintenance of the building, power
      distribution system, air-conditioning, fire fighting device, water system,
      and other supporting
facilities. 

            


    

    


    
      	
               IX.   

            	
               Deposit
      Reimbursement 

            


    

    
      	
               1.   

            	
               This
      contract shall terminate after the expiry date. Party B shall return the
      leasing property to Party A within 10 days. After acceptation, Party A
      shall reimburse deposit to Party B within 5
  days. 

            


    

    
      	
               2.   

            	
               Party
      B shall not uninstall any of the supporting facilities except ones install
      by Party B. Party A shall not be liable for any decoration
      compensation. 

            


    

    


    
       X.         Acceptation
Conditions 

    

    
      	
               Items 

            	
               Condition 

            	
               Remark 

            
	
               Floor 

            	
               Well
      (antistatic) 

            	  
      
	
               Wall 

            	
               Well 

            	  
      
	
               Load
      bearing 

            	
               5.0KN/M2 

            	  
      
	
               Electricity 

            	
               contact
      capacity 

            	
               Power
      350A, illumination 50A, air-conditioning 400A 

            
	
               Illumination 

            	
               Well 

            	  
      
	
               Watering 

            	
               Well 

            	  
      
	
               Ground 

            	
               Well 

            	  
      
	
               Air-conditioning 

            	
               refrigerating
      output 

            	
               170KW/one 

            
	
               Elevator 

            	
               2
      TONS 

            	  
      
	
               Fre-extinguishing
      system 

            	
               Well 

            	  
      


    

    


    
      	
               XI.   

            	
               Liabilities 

            


    

    
      	
               1.   

            	
               Party
      B shall pay for 0.3% late fee per day for overdue rent. When the rent is
      overdue for 2 months, Party A has the right to cut off water or
      electricity or other supports, Party B shall be reliable for all
      results. 

            


    

    
      	
               2.   

            	
               If
      Party A does not provide collecting notice to Party B on time, the delay
      in payment shall not be deem as breach of the
  contract. 

            


    

    
      	
               3.   

            	
               When
      the contract terminates, Party B shall return the property to Party A
      without changing any of the structures of
  facilities. 

            


    

    


    
      	
               XII.   

            	
               Miscellaneous 

            


    

    
      	
               1.   

            	
               Party
      B shall be responsible to mark on the free parking areas. Party A shall be
      responsible for any change of cancellation required by the
      government. 

            


    

    
      	
               2.   

            	
               Party
      B is authorized to use power and water facilities freely during the
      leasing period. 

            


    

     

    
      
        
        

      

      
         3 

        
          

        

      

      
        
        

      

       

    

    
      	
               3.   

            	
               In
      case either party wants to terminate this contract in advance, written
      notice shall be sent to the other party three-month earlier, and there
      will be no liabilities. 

            


    

    
      	
               4.   

            	
               Party
      A and Party B shall sign a Safety Responsibility Agreement. Both parties
      shall be in compliance with the Safety Responsibility Agreement during the
      leasing period. 

            


    

    
      	
               5.   

            	
               Party
      B shall register the property rent to the government, and provide Party A
      with all the register materials. Party A shall finish rent process within
      3 days after receiving the
materials. 

            


    

    


    
      	
               XIII.   

            	
               Execution
      of Contract 

            


    

     This
contract shall be execute in quadruplicate. Each party holds two copies, and
this contrast shall enter into force right after both parties sign and chop on
the contract. 

    


     Signature
Page 

     

    
      	 China Great Wall Computer
      Shenzhen Co., Ltd. 	   
	   	   	   
	
               By:
      

            	 /s/  	   
	   	 	   


    

     

    
      	 SinoHub SCM Shenzhen,
      Ltd. 	   
	   	   	   
	
               By:
      

            	 /s/  	   
	   	 	   


    

     

     

    


     4