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                                                                   EXHIBIT 10.26

No.: TD0130

                                Lease Agreement

LESSOR: BEIJING GAOLING ESTATE DEVELOPMENT CO., LTD

LESSEE: BEIJING AIRINBOX INFORMATION TECHNOLOGIES CO., LTD

      The Tengda Building to be rented by the lessee is owned by the lessor.
      Through friendly negotiation and according to <Contract Law of the
      People's Republic of China> and related regulations, the two parties reach
      the agreement as below to define the rights and obligations of the lessor
      and lessee.

Article 1 Renting Fee, Real Estate Management Fee and Guaranty Money

      1.1 The lessor agrees to lease to the lessee the rooms on 32nd Floor and
      33rd Floor of Tengda Building admitted by the parties (for short "the
      house" as follows) with the total acreage of 4, 600 square meters to be
      utilized as office room. (The ichnography of this room please refer to
      Appendix 1 of this Agreement for details, the ichnography is simply
      supplied to confirm the location.)

      1.2 The term of the lease is 2 years, leasing from the date of May 28,
      2004 to May 27, 2006.

      1.3 The renting fee is USD 14.9 dollars/Month/Sq. M. (RMB 4.12
      YUAN/Day/Sq.M) while the Management Fee is USD 3.6 dollars/Month/Sq. M.
      (RMB 1 Yuan/Day/Sq. M). So the total amount (including the management fee)
      of each month is USD 57,276.00 dollars (RMB 475,390.80). Every month is
      calculated as 30 days in this agreement. The renting fee and management
      fee shall be prepaid every month, which means the lessee shall pay the
      renting fee and management fee of next month on the 18th day of every
      previous month.

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      The payment shall be made in RMB and effected by the time of the receipt
      by the lessor.

      1.4 When the term of the agreement is more than 2 years, the lessor
      reserves the right to adjust the renting fee and management fee after two
      years.

      1.5 The lessee shall give three months' renting fee and management fee to
      the lessor , which amount to USD 171,828.00 dollars(RMB 1,426,172.40 Yuan,
      totally in words ONE MILLION FOUR HUNDRED AND TWENTY SIX THOUSAND AND ONE
      HUNDRED SEVENTY TWO YUAN AND FORTY CENTS, to serve as guaranty for duly
      performance of the agreement .(hereafter as "guaranty money").

      1.6 The lessee can rescind the agreement by written notice if the lessor,
      without any fault or negligence, cannot deliver the house to lessee after
      two months since the leasing date. Under such circumstances, the lessor
      shall return the renting fee and management fee having received back to
      the lessee. (the interests not included)

      1.7 During the period of the lease, if the lessee violates the provisions
      and conditions of the agreement (including defaulting renting fee,
      management fee, damages and defective performance of the agreement ) and
      cause damages to the lessor , the lessor shall have right to deduct part
      of or entire guaranty money to compensate the loss, which the lessor has
      suffered, and the expense, which the lessee shall have paid. If the
      guaranty money is less than the amount required in Clause 5 above, the
      lessee shall make it up within three days since receiving the written
      notice of the lessor, Otherwise, the lessor has right to take such
      measures as shutting off power and telephone, even releasing the agreement
      and claiming for the losses it has suffered for the insufficient guaranty
      money.

      1.8 On condition that lessee fully performs provisions of the agreement,
      the lessor shall return the entire guaranty money to the lessee in 30 days
      since the house is returned and the related fees are all paid up.

      1.9 Without the consent of the lessor, the lessee shall not assign the
      right of claim for the return of the guaranty money to a third party or
      serve it as guaranty.

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Article 2 the Release of the Agreement by the Lessee in the Term of Validity of
          the Agreement

      The lessee could release the agreement during the term of validity of the
      agreement with written notice to the lessor, on the condition that the
      lessee has paid up all the guaranty money to the lessor.

Article 3 the Equipments and Reconstruction of the Rented House

      3.1 The lessor shall furnish the house with the following equipments:

            a. Central air-conditioner and ceiling (including intake, automatic
            smoke sensor, gushing machine, daylight lamp).

            b. 220v electrical source, communication circuitry and faucet for
            antenna of secondary planet TV.

      3.2 Before making any fitments and reconstruction of the house, the lessee
      shall produce the blueprint and scheme for the lessor, as well as the
      introduction of the construction enterprises and its personnel. The
      construction enterprise is obligated to pay management fee RMB 30,000.00
      Yuan (as words: RMB thirty thousand Yuan) to the lessor. Only after the
      payment of guaranty money for construction and management fee could the
      construction enterprise get the written consent from the lessor to make
      the construction. The construction will be inspected and accepted by the
      lessor to confirm that it is carried out according to the blueprint and
      budget approved by the lessor without any ruin on the establishment and
      equipments of the building. The guaranty money will not return to the
      construction enterprise until the check and acceptance of the lessor. The
      cost of the construction and taxes on the additional fitments and
      equipments by the lessee shall be borne by the lessee, without reference
      to the name on the bill or its nominal name.

      3.3 In case that the lessee rents the beeline telephone number (opening an
      account in the name of the lessor in the telecom company) from the lessor
      who

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      will pay the telephone fee instead of the lessee, the lessee should pay
      RMB 5,000 Yuan each line (as words: RMB five thousand Yuan each line) as
      guaranty money of the telephone fee and RMB 300 Yuan/Year/Line (as words:
      RMB three hundred Yuan every year for each line) as circuitry maintenance
      fee. The lessee has right to choose the number of the telephone after the
      payment of the above fees. The lessor shall take charge of the affairs of
      the installations. The telephone fee should be paid by the lessee within
      in 7 days after receipt of the written notice from the lessor. The
      guaranty money will be returned back to the lessee without any interest
      after expiration. In case that the lessee brings the beeline telephone
      number itself or open an account in the name of the itself in the telecom
      company, it shall pay the lessor RMB 200 Yuan/each line (as words: RMB two
      hundred Yuan each line) at one time as circuitry occupation fee, RMB 5
      Yuan/each line (as words: RMB five Yuan each line) as transfer fee and RMB
      100 Yuan/each line (as words: RMB one hundred Yuan each line) as circuitry
      maintenance fee. The lessor shall produce assistance for the installation.

Article 4 the Renewal of the Lease

      After the expiry of the lease, the lessee has the right of priority to
      extend the term of the agreement in the same circumstances. The lessee
      shall notify the lessor in written notice three months before the expiry
      of the agreement, although the terms and conditions for the renewal shall
      be negotiated by the partied (the range for the adjustments of the price
      shall be made according to the rise or drop of Beijing real estate index
      and the general leasing price of the whole building). If the lessee does
      not make the notification in the above mentioned period, it will be
      regarded that it will not lease the house any more and shall move out of
      the house before the termination date of the agreement.

Article 5 the Return of the House

      5.1 After the expiry of the agreement, the lessee shall return the house
      according to the time notified by the lessor. If the house cannot be
      returned on time for the reason of the lessee and there exists a new
      lessee, the lessor has right

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      to request the lessee to leave the house in 3 days and deduct part of or
      entire guaranty money of the lessee. In case the guaranty money is not
      sufficient for the compensation of the losses, which the lessor has
      suffered, the lessor is entitled to claiming for the insufficient part. If
      the house has not been rented to other lessees, the lessor will deem that
      the lessee will renew the house. In this case, the renewal procedure shall
      be made by the lessee; otherwise the lessor will have right to request the
      lessee to leave the house and deduct part of or entire guaranty money.

      5.2 When the lessee return the house after expiration, the rented house
      shall be in good state (natural abrasion excepted); The lessor has right
      to deduct the guaranty money to compensate the corresponding losses when
      it finds that the house and equipments is tainted for the reason of the
      lessee. The lessee is obligated to make up the margin in case that the
      guaranty money is insufficient for the losses.

      5.3 As to accession made by the lessee to the house (shall be approved by
      the lessor), the lessor is not certainly to request the lessee to restore
      it to the original conditions. The lessor shall not pay the expenses back
      for the accession even if the lessee does not make the restoration.

Article 6 the Obligations of the Lessee

      The lessee agrees to abide by the following provisions:

      6.1 The lessee shall abide by all the rules and regulations stipulated by
      the lessor and its authorized agent.

      6.2 The lessee cannot take and allow others intentionally take any
      activities that will make the insurance of the house and the building
      invalid or possibly invalid, or will increase the insurance premium.
      Within the term prescribed by the lessor, the lessee shall make payment of
      the corresponding increase for the premium and other related expenses for
      the violation of the stipulations of this clause which induce the
      repurchase of the insurance by the lessor.

      6.3 The lessee shall not take the following activities

            1.    To utilize the house for illegal activities.

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            2.    To assign the rights of lessee under the agreement to others
                  or use the rights as guaranty.

            3.    To lease part of or the entire house to others or let others
                  use the house.

            4.    To use the house with a third party (not including affiliated
                  enterprises of the lessee which means the parent company,
                  subsidiary, branch company of the lessee or the company which
                  shares the common investment party and legal representative
                  with the lessee) or make the disclosure in others' names.

            5.    To transfer the ownerships of the ornaments, equipments and
                  articles in the house to the third party or use them as
                  security.

      6.4 The lessor shall take charge of the safety during the term of the
      lease while the loss and damages of the articles in the house shall be
      borne by the lessee. In case of fire, the lessee shall make compensation
      according to its corresponding liabilities under the specific
      circumstances.

Article 7 the Obligations of the Lessor

   The lessor agrees to abide by the following provisions:

      7.1 The lessor shall guaranteed the public establishments (including
      illumination, air-conditioner, automatic smoke sensor, shower, WC and
      elevator, etc.) are in good conditions. The repairs shall be made
      immediately after receiving the written notice of the lessee in case of
      any trouble.

      7.2 Twenty-four hours' security measures shall be strictly implemented.

      7.3 The lessor shall bear the corresponding losses, which the lessee has
      suffered, if the house cannot be ordinarily used for the reason of
      quality. ( the cases stipulated in Article 9 of this agreement and the
      losses incurred by the quality for the reason of reconstruction by the
      lessee is not included)

Article 8 Damages and Breaching Liabilities

      8.1 If the lessor suffers losses for the reason of the lessee or because
      of the intentional or negligent act of the lessee's agent or employee
      during performance of the obligations, the lessee must compensate the
      corresponding losses. On the

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      other side, if the lessee suffers losses for the reason of the lessee or
      because of the intentional or negligent act of the lessor's agent or
      employee during performance of the obligations, the lessee must compensate
      the corresponding losses.

      8.2 If the lessee breaches the agreement and stipulations in the
      appendixes and supplementary agreement and cannot make the rectification
      within 7 days since the lessor issues the written notice, the agreement is
      automatically terminated within 14 days since the written notice is
      issued. The lessee shall leave the house within 5 days since the issues of
      the written notice after the agreement is automatically terminated; at the
      same time, the lessor is entitled to claim for damages with the amount of
      three months' renting fees and management fees; the lessee also agrees to
      bear losses and expenses incurred. The lessor shall deduct the guaranty
      money for the compensation if the amount of the guaranty money the lessee
      has paid is the same as the damages. Otherwise, the lessee is obligated to
      make up the margin. The measures prescribed here are not the solitary
      measures. The lessor is entitled to take other measures in case of the
      breach.

Article 9 Exemption from Liabilities

      The lessor is exempted from liabilities in the following cases:

            1.    The temporary ceasing for the utilization of the public
                  establishments for the necessary maintenance of the building
                  or not for the reason of the lessor.

            2.    The loss, which the lessee suffers, is incurred in the event
                  of the earthquake, typhoon and other events which belong to
                  Force Majeure.

            3.    The lessee suffers the losses for the reason of other lessees
                  or the third parties (but the lessor is responsible to assist
                  the lessee for the reimbursement from the infringers).

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Article 10 Abandonment of the Rights

      The abandonment for any right stipulated by the agreement shall be based
      on the written signature of the lessor. The facts that the renting fee or
      other items the lessee paid is insufficient to the amounts stipulated by
      the agreement, or with the consent of the lessor, do not have any
      influence on the right of the lessor to claim for the arrearage and the
      rights to take other measures according to the agreement or laws and
      regulations.

Article 11 the Service of the Notice

      All the notices required by the agreement shall be issued in written form.
      The invoices, bill of documents and other notices issued by the lessor to
      the lessee shall be marked with the lessee as addressee. The written
      notice is regarded as having served if it is delivered to the leased
      house, sent by the registered mail or delivered to the address of the
      lessee in Beijing. The notice issued by the lessee to the lessor will be
      regarded as having served if it is delivered to the following address and
      accepted with signature: Beijing Gaoling Real Estate Development Co. Ltd,
      No.168, Xi Zhi Men Wai Avenue, Hai Dian District, Beijing, China.

Article 12 Disputes

      The agreement shall be governed and explained by the law of PRC. Any party
      may file the action to the people's court in the jurisdiction if the
      lessor and lessee cannot settle the disputes which arise from the
      agreement with negotiation.

Article 13 Business License and Language

      The lessee shall produce business license and the authorization letter for
      the authorized representative to sign the agreement on behalf of the
      lessee. The copy of the duplicate of the business license and the original
      authorization letter will be enclosed of the agreement. As an important
      part of the agreement, the

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      appendix will be effective at the same time and have the same legal effect
      with the agreement.

      The agreement and its appendix shall be written in Chinese or English with
      the same legal effect. The agreement has two original copies while the
      lessor and lessee will hold one of them.

Article 14 Supplementary Agreement

      The parties of the agreement can conclude supplementary agreement through
      negotiation on other related matters. The supplementary agreement with the
      same legal effect of the agreement will be annexed to the agreement as an
      important part of the agreement.

      The agreement is effective on the date of the subscription as well as the
      guaranty The agreement is effective on the date of the subscription as
      well as the guaranty is fully paid.

Appendix One:     Ichnography of the Leased House
Appendix Two:     < Clients Handbook >
Appendix Three:   Supplementary Agreement

LESSOR: BEIJING GAOLING ESTATE DEVELOPMENT CO., LTD

ADDRESS: NO. 168, XI ZHI MEN WAI AVENUE, HAI DIAN DISTRICT, BEIJING, CHINA

POST CODE: 100044

LEGAL REPRESENTATIVE OR AUTHORIZED REPRESENTATIVE (SIGNATURE): /s/ Chuanhui Xu

TEL:  8838.3388

ACCOUNTING BANK:

DATE: May 27, 2004

LEASEE:  BEIJING AIRINBOX INFORMATION TECHNOLOGIES CO., LTD

ADDRESS:
POST CODE:

LEGAL REPRESENTATIVE OR AUTHORIZED REPRESENTATIVE (SIGNATURE): /s/ Guijun Wang

TEL:

ACCOUNTING BANK:

DATE: May 27, 2004

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           THE SUPPLEMENTARY AGREEMENT TO LEASE AGREEMENT NO. TD 0130

LESSOR: BEIJING GAOLING ESTATE DEVELOPMENT CO., LTD

LESSEE: BEIJING AIRINBOX INFORMATION TECHNOLOGIES CO., LTD

      The lessor and lessee reach the following supplementary agreement as to
      Lease Agreement. Num. TD 0130(hereafter simplified as the Agreement):

      1.    Free Leasing Period: 3 months and a half altogether, in the
            following period.

      (1)   May 28, 2004 to July 27, 2004

      (2)   May 28, 2005 to June 27, 2005

      (3)   May 13, 2006 to May 27, 2006

             During the free leasing period, the lessee shall only pay 1.00
        Yuan/day/Sq.M. as the management fee and other related fees. If the
        Agreement is terminated before the expiration, the free period after the
        termination date will not come into effect any more and the lessor shall
        not make compensation to the lessee. The lessee shall make up for all
        the renting fee according to the stipulations of the Agreement if the
        renting term is less than one year.

      2.    A piece of addition is made to the 1.1: the renting fee and
            management fee should be calculated in USD and received in RMB, the
            exchange rate between the USD and RMB is fixed at 1:8.3.

      3.    The lessor agrees to add roof-inhaled air-condition while the
            specific construction method shall be approved in advance by the
            lessor. The expenses of the reconstruction for the air-conditioner
            shall be borne by the lessee. When the lessee remove the ceiling and
            air-condition at the time of the termination of the Agreement and
            returns the rented house, the lessee shall restore the ceiling and
            air-condition system back to the original state while the expenses
            shall be borne by the lessee.

      4.    The lessee shall produce blueprint in advance to the lessor and get
            the consent from the lessor and the fire control department for
            carrying out the construction if the lessee plans to make secondary
            fitments and reconstructions to the rented house. The lessee should
            not tie up the fire control channels and alter the fire control
            subarea of the rented house. The modification for the liquid,
            ventilation and fire control system shall be carried out by the
            construction company appointed by the lessor. The fitments and
            modification to the common area of the building shall be restored to
            the original state at the time of leave. And the lessee shall bear
            the expenses.

      5.    About the advertisement location.

            (1)   The lessor agrees to provide an advertisement location for the
                  lessee at the top of the skirt building while the cost for the
                  board of the advertisement and the construction of it shall be
                  borne by the lessee.

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            (2)   The unit price for the advertisement location is
                  RMB150.00Yuan/month/sq.M. The method for the payment is same
                  to the renting fee and management fee.

            (3)   The renting term for the advertisement location shall make
                  corresponding alteration if the renting term of the Agreement
                  is altered. The lessor shall not provide the advertisement
                  location and corresponding service after expiration and in
                  case of prior termination.

            (4)   The expenses for the design, execution, and maintenance of the
                  pictures (paintings, neon light and other technical execution)
                  on the advertisement board for the lessee shall be borne by
                  the lessor. The design and blueprint for the advertisement
                  board shall be approved by the lessor in advance to guarantee
                  the whole style of the building.

            (5)   The electricity fee calculated by the actual expenses for the
                  board shall be borne by the lessee who will set an independent
                  ammeter. The lessee shall make the payment within 3 days since
                  the receipt of the notice by the lessor in charge of checking
                  the actual amount of the electricity. The unit price is 0.80
                  Yuan/Degree which will be adjusted according to the price
                  administrated by the government.

      6.    In the renting period, the lessor provides three vehicle locations
            for free at 2nd floor underground. The renting term for the vehicle
            location shall make corresponding alteration if the renting term of
            the Agreement is altered. The lessor shall not provide the location
            and corresponding service after expiration and in case of prior
            termination.

      7.    The lessor shall increase the electric power. The modification for
            electric power in the rented area shall be organized and performed
            by the lessor. The lessee shall bear the related expenses which will
            be paid by the lessor before the modification is carried out.

      8.    The lessee shall fully paid up the item "for three months' fee as
            guaranty money and one month as fee as payment" within in 3 working
            days since the conclusion of the agreement, totally as RMB
            1,901,563.20 Yuan (as words: ONE MILLION AND NINE HUNDRED AND ONE
            THOUSAND FIVE HUNDRED AND SIXTY THREE YUAN AND TWENTY CENTS ).

      9.    The supplementary agreement is the supplements and alteration for
            the Agreement and has the same legal effect with the Agreement. This
            agreement will prevail as to any conflict between the supplementary
            agreement and the Agreement. Others will be executed according to
            the Agreement.

      10.   The agreement has two original copies while the lessor and lessee
            will hold one of them. The agreement is effective on the date of the
            subscription.

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LESSOR: BEIJING GAOLING ESTATE DEVELOPMENT CO., LTD

LEGAL REPRESENTATIVE OR AUTHORIZED REPRESENTATIVE (SIGNATURE): /s/ Chuanhui Xu

DATE: May 27, 2004

LESSEE: BEIJING AIRINBOX INFORMATION TECHNOLOGIES CO., LTD

LEGAL REPRESENTATIVE OR AUTHORIZED REPRESENTATIVE (SIGNATURE): /s/ Guijun Wang

DATE: May 27, 2004