LEASE

    


    Party
      A:
      Shenzhen Our International Development Co. Ltd

    


    Party
      B:
      Shenzhen Hyper Technology Inc.

     

    Pursuant
      to PRC
      Contract Law
      and
      other relevant regulations, the Parties have agreed to the following terms
      and
      conditions, on which Party A leases its Property to Party B:

     

      
      1. Party A undertakes that the Property leased under this Lease is fully in
      conformity with all governing rules of China.

     

       2.
      Location, area, decoration and facility of the Property.

     

    2.1
      The
      leased Property is located at South Ke Yuan Avenue, High-Tech South 7 Street,
      Our Tech-Industrial Park, Nan Shan District, Shenzhen City (“Property”).

     

    2.2
      The
      total area of the Property is 4000sqm in two floors.

     

    2.3
      Based
      on the agreement between the Parties, the Property, when being leased, is an
      unfinished building without any decoration and affiliated facilities. Upon
      lease, Party B shall furnish the building with all necessary and affiliated
      facilities and decorate the same and complete its construction according to
      its
      design, requirements and needs at its own cost so as to make the Property in
      the
      state of normal use. 

     

    3.
      Party
      A
      represented that the Use Right Certificate of the land on which the Property
      is
      constructed had been obtained in the number of Shenfangdizi 4000159576 and
      approved to be used for industrial purpose. The Ownership Certificate of the
      Property shall be applied by Party A under Party B’s assistance once the
      construction of the Property is fully completed and examined by governing
      authority.

     

    4.
      Term
      of the Lease and Usage of the Property

     

    4.1
      The
      term of this Lease is 20 years as from November 21, 2007 subject to a renewal
      at
      the terms and conditions so agreed by the Parties at the expiration of this
      Lease. 

     

    4.2
      The
      Property shall be used for office and industrial purpose only.

     

    5.
      Rent
      and its payment

     

      5.1
      The
      monthly rent of the Property is RMB 160,000, payable as of the subsequent month
      when the Property is ready for use after the completion of decoration and
      equipment and the Property passing the official examination. Party B is not
      responsible for rent during the period when completing the construction and
      decorating and equipping the Property.

     

    5.2
      The
      rent is payable tri-monthly. Party A shall issue official receipt once payment
      is received. 

     

       
      6.
      Relevant Fees and Taxes 

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    6.1
      Party
      A shall be responsible for the following fees and taxes during the term of
      the
      Lease:

     

    All
      taxes
      incurred in relation to the Land and Property including without limitation
      Land
      use royalty, property tax, administrative charge for lease. Should governing
      authorities require any further charges in relation to this Lease not included
      in this Lease, Party A shall be responsible. 

     

    6.2
      Party
      B shall be responsible for the utilities cost, management fees and other fees
      in
      relation to the maintenance and usage of the Property during the term of the
      Lease.

     

    6.3.
      Party A shall not require any further
      fees not covered and included in this Lease. 

     

       
      7. Usage
      and Maintenance of the Property 

     

    7.1
      During the term of Lease, Party A shall insure the quality and safety of the
      framework construction of the Property while Party B shall be responsible for
      the same of the construction and facilities completed by itself. 

     

    7.2
      Upon
      expiration, if the Parties choose not to renew the Lease, Party B returns the
      Property without the need to return in the original shape, and Party A shall
      be
      responsible for maintenance of the parts and facilities constructed by Party
      B
      thereafter. 

     

       8.
      Transfer of the Property and Sublease 

     

    8.1
      Whereas the finished Property is composed by the framework
      constructed by Party A and the affiliated facilities and decoration installed
      and furbished by Party B, the Parties agreed that Paty A shall not transfer
      the
      Property without Party B’s
      prior
      written consent. In case Party B agrees the transfer, he is entitled to the
      right of first refusal at the same condition. 

    


    8.2.
      Party B is entitled to sublease the Property, in its entirety or in part, during
      the term of Lease without notice to Party A. 

    


      9.
      The
      Parties may terminate or modify the Lease in the following
      circumstance:

     

    9.1
      Occurrence of Force Majear events; 

     

    9.2
      The
      Property is confiscated or expropriated by government;

     

    9.3
      Mutually agreed by the Parties.

     

    If
      the
      Lease is terminated under this Article, the Parties shall discuss the
      compensation between them due to the termination. 

     

    10.
      Party
      A’s
      Liabilities 

     

    10.1
      In
      the event that Party A is unable to provide the Property at the agreed time,
      Party B is entitled to terminate this Lease and Party A shall be liable for
      a
      liquidated damage in equivalent to 3% of the annual rent of the Property. If
      the
      liquidated damages is not adequate for coverage of Party B’s
      losses
      suffered thereof, Party A shall also be responsible for compensation of the
      uncovered losses.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    10.2
      In
      the event Party A withdraws the Property before expiration of the Lease, he
      shall be responsible for compensating all the costs incur in relation to Party
      B’s
      affiliated construction, facilities and equipments as well as decoration, and
      in
      the meantime liable for a liquidated damage in equivalent to 20% of the total
      costs. If the liquidated damage is not adequate for coverage of Party
      B’s
      losses
      suffered thereof, Party A shall also be responsible for compensation of the
      uncovered losses. 

     

    If
      the
      Lease becomes invalid due to Party A’s
      failure
      in respect of the title and ownership of the Property, Party A shall be liable
      for all the losses Party B suffers thereof. 

     

    In
      the
      event Party A transfer the Property in violation of the Lease, Party
      B’s
      rights
      and interests under this Lease shall not be affected and Party A shall be
      responsible for all disputes arising thereof . 

     

    11.
      Party
      B’s
      Liabilities 

     

    During
      the term of the Lease, Party A is entitled to terminate the Lease and to Party
      B’s
      liquidated damage in equivalent to 3% of the annual rent of the Property. If
      the
      liquidated damages is not adequate for coverage of Party A’s
      losses
      suffered thereof, Party B shall also be responsible for compensation of the
      uncovered losses.  

     

    11.1
      Use
      the Property for illegal activities; 

     

    11.2
      failure of payment of the rent due over 6 months without reasons.

     

    12.
      For
      anything not included in this Lease, the Parties may conclude additional terms
      as attachment to this Lease.

     

     13.
      Disputes Resolution

     

    All
      disputes arising out of or in connection with this Lease shall be, if cannot
      be
      settled firstly through negotiation and mediation, submitted to Shenzhen
      Arbitration Commission for arbitration in accordance with its rules then
      effective in Shenzhen City. 

     

    14.
      The
      Lease shall be effective as of the date it is executed by the
      Parties.

     

    15.
      This
      Lease shall be executed in 4 originals with equal effect. Each Party shall
      hold
      2 originals.

     

    
      	Party A: Shenzhen OUR International
              Development Co. Ltd.	
              Representative: 

            
	 	 
	Party B: Shenzhen Hyper Technology
              Inc.	
               Representative:

            


    

          

    Signing
      Dateæ
      Feb. 15,
      2007

     

    Signing
      Placeæ Shenzhen

     

    
      
         

      

      
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