lease.htm


    
      Exhibit
        10.7


      


      LEASE

      Lindström
        Building

      


      


      


      1.
        LESSOR                                   Lindström
        Invest Oy

                                                             
        Lautatarhankatu 6

                                                              00580
        Helsinki

                                                              Finland

      


      2.
        LESSEE                     
               Rahaxi
        Processing Oy

                                                
                     Fredrikinkatu
        34 a 18

                                                 
                    00100
        Helsinki

      


                                                             Contact:
        h.moilanen@rahaxi.com, 040 433 9450

       

      
        3.
          OBJECT OF
          LEASE              Objects
          of lease, located in the Lindström Building, are as follows:

        


        A,
          office
          premises located on the 3rd floor,
          total floor
          area 482m2

        B,
          storage premises located in the basement, total floor area 31,5m2

        C,
          parking spaces as detailed in section 13.

        


        The
          location and layout of the office
          premises are presented in the floor plan (Appendix 1, Floor plan).

        


        The
          Lindström Building, which is
          entirely owned by the Lessor, is located at the address Lautatarhankatu
          6, 00580
          Helsinki.

         

        4.
          PUORPOSE OF USE OF THE OBJECT OF LEASE

        


        Lessee
          rents the premises on the 3rd floor
          for use as
          offices and the premises in the basement for use as storage
          premises.

        


        5.
          TERM OF
          LEASE                   The
          term of lease is a fixed period of time. It begins on 1 March 2007 and
          expires
          on 29 February 2012.

        


        Upon
          expiry of the term of lease, the
          Lease will continue as a Lease in force for the time being, unless either
          party
          has notified the other in writing of termination of the Lease no less than
          three
          (3) months before the end of the above-mentioned expiry date. The notice
          of
          termination is for both parties three (3) months in case the Lease continues
          in
          force until further notice.

        


        Lessee
          has possession of the premises
          immediately after the signing of the Lease and can start to furnish and
          move his
          operations into the premises.

        


        6.
          CONDITION OF THE OBJECT

         

        Lessee
          has inspected the premises and accepts them as they are at thetime of signing
          the Lease.

        


        A
          separate agreement will be made
          regarding additions and modifica-tions that will be carried out in the
          premises
          after the signing of theLease. Lessee shall pay for the additional work
          and
          modifications di-rectly to the contractor or to the Lessor, unless the
          parties
          agree to capi-talize the costs in the rent.

        


        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        7.1.
          RENT

        


        The
          rent is 7.000 € per month for the
          office premises and 300 € per month for the storage premises.

        


        During
          the time of possession (from the
          signing of the Lease to the be-ginning of the term of lease) Lessee will
          carry
          the costs of electricity inthe premises, but will not pay any other
          compensation.

        


        7.2.
          OTHER COSTS CARRIED BY LESSEE

        


        Lessee
          will carry the costs of cleaning
          the premises under his Lease aswell as the costs of electricity, replacement
          of
          bulbs and lamps, basiccosts and operating costs of any ADP and
          telecommunications services he acquires etc. and the costs of transporting
          waste
          and other such items to the waste containers of the property.

        


        Lessee
          is responsible for the
          maintenance, scheduled inspections,operating costs and for possible renovations
          of the cooling equipmentand the Argon extinguishing equipment in the storage
          premises.

        


        8.
          PAYMENT OF RENT

        


        The
          period of payment of the rent is
          one month. The due date of the rentis the 2nd day
          of each month.
          The rent is paid to the bank account of Les-sor as indicated in an invoice
          sent
          by Lessor each month. The penalty interest is in accordance with the Interest
          Act.( please specify estimate or exact rate of applicable penalty interest
          rate
          and when does this become due i.e after what period of time)

        


        9.
          VALUE ADDED TAX

        


        Value-added
          tax in accordance with the
          value-added tax base in force atthe time is added to the rent. The value
          added
          tax at the moment of sign-ing the Lease is 22%.

        


        Lessee
          is responsible for his liability
          to pay value-added tax for his busi-ness operations and he shall also make
          sure
          that any sub-lessees of hisare liable to pay value-added tax for their
          business
          operations. ShouldLessor lose value-added tax refunds for a reason due
          to
          Lessee, Lessee shall be liable to compensate Lessor for the loss thus suffered
          by Lessor.

        


        10.
          SECURITY FOR RENT

        


        As
          security for any neglect of tenancy liabilities, Lessee in connection with
          the
          signing of the Lease shall give Lessor a guarantee worth one  (1)
          months’ rent including taxes. The guarantee will be deposited to Lessor’s
          security account, number 159630-15232 in Nordea. Lessor will not pay interest
          on
          the guarantee.

        


        The
          security for rent given by Lessee will be returned upon expiry of the tenancy,
          provided that in an inspection of the premises no damage excluding normal
          wear
          and tear is noted and all passkeys and cards have been returned to Lessor,
          and
          provided that Lessor has no claims based on the tenancy.

        


        11.
          ADJUSTMENT OF THE RENT

        


        The
          rent will be adjusted as
          follows:

        


        March
          1
          2007 – February 28 2009 7.000
€                                                                                    

        March
          1
          2009 – February 28 2010 8.500 €

        March
          1
          2010 – February 28 2011 8.700 €

        March
          1
          2011 – February 29 2012 8.900 €

        


        12.
          CARE AND MAINTENANCE OF THE PROPERTY

        


        Lessor
          attends to the yearly structural
          maintenance of the property and its heating, plumbing, ventilation and
          electrical installations.

        


        13.
          PARKING

        


        Four
          (4) parking spaces are reserved
          for the use of Lessee in the garage of the Lindström Building. The rent for a
          parking space is 140 € (vat 0%) per month. Value-added tax is added to the rent
          of the parking spaces.

        


        The
          parking space rent will be adjusted
          as follows:

        


        March
          1
          2007 – February 28 2009 140
€                                                                                     

        March
          1
          2009 – February 28 2010 145 €

        March
          1
          2010 – February 28 2011 150€

        March
          1
          2011 – February 29 2012 155 €

        
 

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        14.
          INSURANCES

        


        Lessor
          has insured the property. The
          real estate insurance does not indemnify for any damage caused to movable
          property owned by or in possession of Lessee.

        


        Lessee
          insures at his own discretion
          his property located in the real estate.

        


        15.
          TRANSFER OF THE LEASEHOLD AND SUB-LEASING

        


        Lessee
          may not transfer his leasehold
          to the premises to a third party. Lessee may not sublet the premises without
          Lessor’s permission.

        


        16.
          OTHER CONTRACTUAL TERMS AND CONDITIONS

        


        16.1.
          Maintenance of the
          premises

        


        Lessee
          shall take good care of the
          premises under the Lease. Lessor has the right to inspect the condition
          of the
          premises during the contractual period (provided prior notice is given
          in
          writing to the Lessee).

        


        Lessee
          shall notify Lessor fortwith of any damage to the leased object or of any
          such
          defect which Lessor is obliged to put right.Upon expiry of the tenancy
          the
          premises shall be made over to Lessor in the condition in which they were
          at the
          beginning of the lease, however, allowing for normal wear and
          tear.  

         

        16.2.
          Modifications to the premises during contractual period

        


        Lessee
          has the right to make minor modifications and minor renovations at his
          own cost
          during the term of lease. Lessee shall agree with Lessor beforehand on
          any work
          to be done. Lessor is entitled to appoint a work supervisor when required.
          The
          quality of work and the materials used must be in accordance with the norms
          and
          provisions concerning building and with sound building procedures.

        


        The
          parties may agree separately that
          modification works in the premises are to be made by Lessor, whereby Lessee
          shall pay the costs directly to Lessor or the costs are added to the rent,
          as
          agreed in each individual case.

        


        16.3.
          Repair work in the
          property

        


        Lessor
          shall notify Lessee in good time of any repair work to be done in the property,
          usually no less than two (2) weeks before the repair work is begun. Lessor
          may
          begin doing repair work or modification causing essential inconvenience
          or
          disturbance, provided that he has notified Lessee of this no less than
          two (2 )
          months before such work is begun. Lessor may do work demanding immediate
          repair
          irrespective of any notification periods (eg. repair of damage caused by
          water
          leakage). Lessee has no right the give notice on the Lease due to repair
          work
          done by Lessor in the property(providing such repair work does not continue
          for
          a period of more than one month. - Lessee can not be obliged to be contractually
          bound to continue arrangement if it is unable to use the premises due to
          repair
          work for a period of more than one month as this then becomes a force majure
          event which is outside the control of the parties and the lessee must be
          entitled to terminate the agreement in these circumstances.


        16.4.
          Services in the
          property

        


        The
          lobby
          service of the Lindström Building is included in the rent. The use of the
          conference rooms is billed by the hour according to a separate price list.
          The
          other common areas of the property can be used by Lessee’s staff without
          separate costs. Other services are available as agreed upon
          separately.  Lessee has the right to use his premises 24/7. The
          electronic access control system makes it possible to define limits for
          different individuals with regard to access times and areas.

        


        The
          rent includes the addition of
          Lessee’s name in the property guide boards as well as passkeys for the staff.
          Changes to the passkeys during the term of lease will be charged
          separately.

        


        16.5.
          Other
          issues                                                     

         

        Lessor
          is
          not responsible for any such disturbances in the supply of electricity,
          heating
          or water or in ADP connections, which are beyond his control. Lessor is
          not
          responsible for the repair and operation of the cooling and extinguisher
          equipment in the storage premises.

        


        If
          the
          government levies other taxes or charges on the leasing business, besides
          value-added tax, those shall in accordance with Lessor’s demand be added to the
          rent determined in the Lease.

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
 

        17.
          NOTIFICATIONS BY THE PARTIES TO THE LEASE

        


        Any
          remarks or demands by one party to
          the other party shall be made in writing.

        


        18.
          SETTLEMENT OF DISAGREEMENTS

        


        Any
          disagreements and disputes arising from the tenancy shall be primarily
          settled
          through negotiations between the parties to the Lease. If the parties fail
          to
          settle the matter, disputes shall be settled at the District Court of
          Helsinki.

        


        19.
          SIGNING OF THE LEASE

        


        This
          Lease was signed in two identical counterparts, one for each party to the
          Lease.

        


                    Helsinki,
          __ November 2006.

        


        LINDSTRÖM
          INVEST
          OY                                                                           RAHAXI
          PROCESSING OY

        


        Jouni
          Puhakka                                                                                
                 Jyrki
          Matikainen

        


         APPENDIX                                                                                   
                           Floor
          plan