Document:

exv10w65

 

Exhibit 10.65

			
	 	 	 
	Please quote our reference when replying 

Our Ref: JTC(L) 3729/15A/EO
	 	

2 August 2007

	 	 	 	 	 	 	 
	 	 	 	 	JTC Corporation
	UNIVERSAL (FAR EAST) PTE. LTD.	 	 	 	The JTC Summit
	BLK 1008 TOA PAYOH NORTH	 	 	 	8 Jurong Town Hall Road
	#03-09	 	 	 	Singapore 609434
	SINGAPORE 318996
	 	 	 	 	 	 
	 

	 	BY FAX & POST
	 	contact	 	 
	 

	 	FAX: 62596355
	 	centre hotline
	 	1800 568 7000
	 
	 	 	 	 	 	 
	 

	 	 	 	main line
	 	(65) 6560 0056
	 
	 	 	 	 	 	 
	 

	 	 	 	facsimile
	 	(65) 6585 5301
	 
	 	 	 	 	 	 
	Attn: Ms Janice Tay

	 	 	 	website
	 	www.jtc.gov.sg

Dear Sirs,

RENEWAL OFFER OF TENANCY FOR FLATTED FACTORY KNOWN AS PRIVATE LOT A0958202 AT BLK 1008 TOA
PAYOH NORTH #02-17 SINGAPORE 318996 (“PREMISES”)

	1.	 	We refer to your tenancy of the Premises. In accordance with our letter of offer to you
dated 19 April 2004 (“Tenancy”) and our consent on the transfer of tenancy dated
22 December 2005, we are pleased to inform you that we are prepared to renew the
Tenancy at the Premises for a further term of 3 years (“Term”) commencing from 16 June 2007
(“Commencement Date”) upon the same covenants, terms and conditions as set out in the
Tenancy except for the Option for Renewal and the following:
	 
	 	 	Building Rent & Service Charge

	 	1.1	 	$10.50 per square metre per month (“Building Rent”) on the Area from the
Commencement Date, to be paid without demand and in advance without deduction on the
1st day of each month of the year (i.e. 1st of January,
February, March, etc.).
	 
	 	1.2	 	$2.25 per square metre per month (“Service Charge”) on the Area as charges
for services rendered by us, payable by way of additional and further rent without
demand on the same date and in the same manner as the Building Rent, subject to our
revision from time to time.
	 
	 	1.3	 	For the purpose of paragraphs 1.1 and 1.2 of this letter, “Area” means the Area
stipulated in the Tenancy.

      

 

 

Security Deposit/Banker’s Guarantee

Ordinarily we would require a tenant to lodge with us a security deposit equivalent to
three (3) months’ Building Rent and Service Charge. However, as an Off-Budget measure and
as payment by GIRO has been made a condition with which you must comply under clause 3 of
this letter, you shall, at the time of your acceptance of the Offer, be required to place
with us a deposit equivalent to one (1) month’s Building Rent and Service Charge
(“Security Deposit”) as security against any breach of the covenants, terms and
conditions in the Tenancy, as follows:

	 	(a)	 	The Security Deposit may be in the form of cash or acceptable Banker’s Guarantee in the
form attached (effective from 16 June 2007 to 15 September 2010), or such other form of
security as we may in our absolute discretion permit or accept.
	 
	 	(b)	 	The Security Deposit shall be maintained at the same sum throughout the Term and shall
be repayable to you without interest, or returned to you for cancellation, after the
termination of the Term (by expiry or otherwise) or expiry of the Banker’s expiry of the
Banker’s Guarantee, as the case may be, subject to appropriate deductions or payment to us
for damages or other sums due under the Tenancy.
	 
	 	(c)	 	If the Service Charge is increased or any deductions are made from the Security
Deposit, you shall immediately pay the amount of such increase or make good the deductions
so that the Security Deposit shall at all times be equal to one (1) month’s Building Rent
and Service Charge.
	 
	 	(d)	 	If at any time during the Term, your GIRO payment is discontinued, then you shall place
with us, within two (2) weeks of the date of discontinuance of your GIRO payment, the
additional sum equivalent to two (2) months’ Building Rent and Service Charge, so that the
Security Deposit shall at all times be equal to three (3) months’ Building Rent and Service
Charge for the remaining period of the Term.
	 
	 	(e)	 	If at any time during the Term the off-budget measure is withdrawn you shall, if
required in writing by us, also pay to us the additional sum equivalent to two (2) months’
Building Rent and Service Charge, so that the Security Deposit shall at all times be equal
to three (3) months’ Building Rent and Service Charge for the remaining period of the Term.

	2	 	Please note that this offer shall lapse if we do not receive the following by 16 August 2007:

	 	(a)	 	Duly signed letter of acceptance of this offer, in the form set out in the Letter
of Acceptance attached at Annex B. We shall stamp the Letter of Acceptance and return
the stamped letter to you;

(Please date as required in your letter of acceptance)
	 
	 	(b)	 	Payment of the sum set out in the Payment Table attached at Annex A;

 

 

	3	 	Your due acceptance of this offer in accordance with paragraph 2 of this letter shall, together
with the offer, constitute a binding tenancy agreement.
	 
	4	 	Please also note that our offer herein does not at any time prejudice or waive any of our rights
or remedies for breaches of your obligations to us. Any waiver by us, to be effective, must be
clearly and specifically stated in writing.
	 
	5	 	Exclusion of Contracts [Rights of Third Parties] Act
	 
	 	 	A person who is not a party to this offer shall have no right under the Contracts
(Rights of Third Parties) Act (Cap53B, as may be amended or revised from time to time) to
enforce any of the covenants, terms or conditions of the offer.
	 
	6	 	Jurisdiction and Governing Law
	 
	 	 	This offer shall be interpreted in accordance with the laws of Singapore and any
legal proceedings, actions or claims arising from or in connection with the offer shall be
commenced in and heard before the courts of Singapore and you agree to irrevocably submit
yourself to the exclusive jurisdiction of the courts of Singapore.
	 
	7	 	Variation
	 
	 	 	Any variation, modification, amendment, deletion, addition or otherwise of this
offer shall not be enforceable unless agreed by both parties and reduced in writing by us.
No terms or representation or otherwise, whether express or implied, shall form part of
this offer other than what is contained in this letter.
	 
	8	 	To guide and assist you, we enclose a Schedule of Statutory Controls for Flatted Factory
Occupants.

Yours faithfully

	 	 	 	 	 	 	 
	Eddy Ong Kok Yong
	Senior Officer (Lease Management)
	Flatted Factory & Business Park Department
	Customer Services Group
	DID
	 	 	:	 	 	68833721
	HP
	 	 	:	 	 	91252919
	FAX
	 	 	:	 	 	68855936
	Email
	 	 	:	 	 	ongkye@jtc.gov.sg

	 	 	 	 	 
	ENCS

	 	-
	 	Payment Table
	 

	 	 	 	Specimen Acceptance Form
	 

	 	 
	 	Schedule of Statutory Controls (SC3) — BY POST

 

 

ANNEX A                

OFFER OF TENANCY FOR PREMISES AT BLK 1008 TOA PAYOH NORTH #02-17 SINGAPORE 318996 -
UNIVERSAL (FAR EAST) PTE LTD

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	5 & 7%
	 	Site: A0958202 (77.3 sq metres)	 	 	 	 	 	Amount	 	GST
	 	 	 	 	Rent at $10.50
per sq m per month on 77.3
sq m for period 16 June 2007 to 30 June
2007
	 	$	405.83	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Service charge at $2.25 per sq m per
month on 77.3 sq m for period 16 June 2007 to
30 June 2007
	 	$	86.96	 	 	$	492.79	 	 	$	24.64	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Rent at $10.50 per sq m per month on 77.3
sq m for period 1 July 2007 to 15 July 2007
	 	$	405.83	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Service charge at $2.25 per sq m per
month on 77.3 sq m for period 1 July 2007 to 15
July 2007
	 	$	86.96	 	 	$	492.79	 	 	$	34.50	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Less:	 	Amount to be deducted thru GIRO
	 	 	 	 	 	$	1,044.72	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Deposit equivalent to 3 months’ rent and
service charge (or Banker’s Guarantee)
	 	$	2,956.74	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Less: Deposit equivalent to 2 months’
rent and service charge (Off-budget
Measure)
	 	$	1,971.16	 	 	$	985.58	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Less:	 	Deposit paid for the tenancy period from 15
Dec 2005 to 16 June 2007
	 	 	 	 	 	$	985.58	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	          Balance Amount Due
	 	 	 	 	 	$	—	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Stamp Duty for Letter of Acceptance
	 	 	 	 	 	$	96.00	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Note :	 	If the Letter is not returned to us within 14 days
of the date of the Letter, you will have to pay penalty on
the stamp duty which is imposed by Stamp Duty Office of
IRAS.
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	          Amount Payable
	 	 	 	 	 	$	96.00	 	 	 	 	 

Please note that the amount of $1,044.72 will be deducted through your GIRO account in
August 2007.

Please let us have your cheque for $96/- by 16 August 2007.exv10w66

 

Exhibit 10.66

RENTAL OFFER FOR READY-BUILT FACTORY (RBF) FLATTED FACOTRY — H1 TYPE BLOCK A #04-13/16 (925
SQM) AT NO. 5 XING HAN STREET (PREMISES) IN SUZHOU INDUSTRIAL PARK (SIP)

We are pleased to offer a tenancy of the Premises subject to the following terms and
conditions:-

	1.0	 	Description of Premises
	 
	1.1	 	Property
	 
	 	 	Block A (H1 Series) Flatted Factory in Phase 1, which had been mortgaged to the Bank
of China (“Bank”) for the Landlord’s financing purpose.
	 
	1.2	 	Location
	 
	 	 	No 5 Xing Han Street, Block A, Postal Code 215021 Suzhou Industrial Park, People’s
Republic of China.
	 
	1.3	 	Built-up Area of RBF
	 
	 	 	Approximately 925 square meters.
	 
	2.0	 	Term & Rent Free Period

	 
	2.1	 	Term of the Tenancy
	 
	 	 	For the Premises, the lease term is Two (2) years and Two (2) months commencing from
the date of possession (handover).
	 
	2.2	 	Rent Free Period
	 
	 	 	There shall be Rent Free Periods totaling two months in parts:-

	 	a)	 	First Rent Free Period is commencing from date of possession;

	 
	 	b)	 	Second Rent Free Period is at the end of lease term.

	 	 	The First Rent Free Period and Second Rent Free Period shall collectively call Rent Free
Period during which you shall not be required to pay Rent. However, you are required to pay
the Facilities Charge and the Service Charge at the rate stipulated in Clause 3.4
respectively and all other charges (if any).

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	 	 	The Rent Free Period is part of the special package granted to you and in the event
that the Tenancy is prematurely terminated due to the fault of you, Rent shall become
payable immediately for the enjoyed Rent Free Period at the rate stated in Clause 3.1
hereof.
	 
	2.3	 	Rent Period
	 
	 	 	A period of Twenty Four (24) months commencing from the Possession (handover) date.
	 
	3.	 	Rent, Facilities Charge, Service Charge & Deposits
	 
	3.1	 	Rent
	 
	 	 	At the yearly rent of RMB Yuan Two Hundred Twenty Two Thousand Only (RMB 222,000.00) to
be paid by equal quarterly installments of RMB 55,500.00 each without demand and in advance
without deduction on the 1st day of each of the months of January, April, July and October
(“the Due Date”) in every year of the Term the first of such payments to be made as
stipulated in the Tenancy Agreement at our office or at such other offices as we may
designate calculated at the rental rate of RMB 20.00 per square metre per month of the
Built-up Area of the Premises. The Rent shall be payable with effect from the Possession
Date.
	 
	3.2	 	Facilities Charge
	 
	 	 	At the rate of RMB Yuan One Hundred Sixty Six Thousand and Five Hundred Only (RMB 166,500.00) per annum payable in advance on the same dates and in
the same manner as for Rent by quarterly installment of RMB 41,625.00 calculated at the
rate of RMB 15.00 per square meter per month of the Built-up Area of the Premises as
charges for the facilities provided by us, including provision of power supply system,
water supply system, sewer discharge system to the Building and bicycle parking etc.
	 
	3.3	 	Security Deposit
	 
	 	 	At an amount equivalent to three (3) months’ Rent and Facilities Charge of RMB Yuan
Ninety Seven Thousand One Hundred and Twenty Five Only (RMB 97,125.00), based on RMB 35
psm/month (i.e. RMB 20+RMB15) shall

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	 	 	be paid in cash upon signing of this Letter of Offer by telegraphic transfer/cash
payment.
	 
	 	 	The Security Deposit shall be the security deposit as required under the Tenancy Agreement
and shall not at any time be deemed as payment of all or any part of the Rent and shall be
used in accordance with the provisions herein contained and against the breach of the
Tenancy Agreement. In the event that after the commencement of the tenancy, you, for
whatever reasons fail to complete the full Term of the tenancy, we shall be entitled to
forfeit the Security Deposit.
	 
	3.4	 	Service Charge
	 
	 	 	At the rate of RMB Yuan Ninety Two Thousand One Hundred and Thirty Only (RMB92.130.00) per
annum payable in advance on the same dates and in the same manner as for Rent by quarterly
installment of RMB 23,032.50 calculated at the rate of RMB 8.30 per square meter per month
of the Built-up Area of the Premises as charges for estate management services undertaken
by us.
	 
	3.5	 	Utility Deposit
	 
	 	 	The Utility Deposit shall be in cash for the sum equivalent to three (3) months of
the Rent and the Facilities Charge RMB Yuan Ninety Seven Thousand One Hundred and Twenty
Five Only (RMB 97,125.00) based on RMB 35 psm per month to serve as a security of your due
performance of your obligation to pay all utility-related charges under the Tenancy
Agreement. The Utility Deposit shall be valid from the Date of Possession of the Premises
until at least ninety (90) days after the expiry of the Term.
	 
	3.6	 	Stamp Duties/Legal Fees/Other Government Taxes
	 
	 	 	The Rent quoted above is inclusive of land use fees, property tax and connection and
enhancement fees for water, electricity and sewerage for the Premises up to the capacity
stated in the Tenancy Agreement which have been paid upfront by us to the Chinese
Authorities.
	 
	 	 	However, you are required to bear your own legal fees, governmental taxes and stamp fees
incurred for this tenancy transaction unless otherwise dictated by the Chinese laws.

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	3.7	 	Currency for Payment
	 
	 	 	The Rent, Facilities Charge, Security Deposit, Service Charge and any sum payable
under this offer or the Tenancy Agreement, shall be paid in Renminbi (“RMB”)
	 
	3.8	 	Interest
	 
	 	 	The Tenant shall pay interest at the rate of five per cent (5%) above the prevailing
12-month working capital lending rate of the People’s Bank of China in respect of any
outstanding monies due and payable under the Tenancy from the due dates until full payment
is received by the Landlord.
	 
	4.0	 	Additional Terms
	 
	4.1	 	Usage
	 
	 	 	Your usage of the Premises shall be subject to the approval of the Suzhou Industrial
Park Administrative Committee and other relevant authorities.
	 
	4.2	 	Nuisance
	 
	4.2.1	 	You shall not do, permit or suffer to be done upon the Premises anything
which in the opinion of the Ascendas-Xinsu may be or becomes:

	 	a)	 	a nuisance, annoyance or cause damage or inconvenience to; or
	 
	 	b)	 	an interference to the business or quiet or comfort of

	 	 	Ascendas-Xinsu, its tenants or lessees or the occupiers of any adjoining or neighbouring
premises.
	 
	4.2.2	 	You shall take such necessary measures to prevent the breach of your
obligations under Clause 21.1.
	 
	4.2.3	 	Notwithstanding Clause 4.2.1, Ascendas-Xinsu shall not be responsible to
you for any loss, damage or inconvenience as a result of nuisance,
annoyance or any interference whatsoever caused by the other occupants of
the Building and/or the Estate.

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	4.2.3	 	Ascendas-Xinsu shall not be liable or obliged for any damages, nuisance and other
disturbances caused by you to the other occupants of the Building and/or the Estate.
	 
	4.3	 	Electrical Design Load
	 
	 	 	The maximum electrical design load that applies to the Premises is 250 VA per square
metres (“the design load”). The tenant shall at its own cost and expense, be responsible
for the engineering connections from the building to the premises. Should you require
additional electrical load, we may at our discretion arrange for such higher electrical
load to be supplied to the Premises and the costs of such arrangement shall be borne by
you. In addition, you shall bear the additional fees or such fees to be imposed by the
Chinese authorities and any charges and expenses in relation to the increased load.
	 
	4.4	 	Restoration of the Premises
	 
	 	 	Immediately prior to the termination of the Term of tenancy, you shall restore the
Premises in all respects to its original state and condition at the Date of Possession, if
so required by us. The restoration works shall include but not limited to the demolition of
any structure or building constructed by you therein, redecoration and painting the interior
of the Premises to our satisfaction.
	 
	 	 	In the event that you fail in any way to observe or perform your obligations as provided
in this Clause, without prejudice to any other rights and remedies we may have against
you, we may:

	 	(a)	 	execute such work for such restoration and redecoration; and
	 
	 	(b)	 	recover all costs and expenses thereof from you including the Rent,
Service Charge, tax and other amounts which we would have been
entitled to receive from you had the period within which such
restoration and redecoration are effected by us been added to the
Term of tenancy.

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	4.5	 	Further Term
	 
	 	 	On your written request made not less than three (3) months before the expiration of the
Term of tenancy and if there shall not at the time of such request be any existing breach
by you of any of the terms and conditions of the Tenancy Agreement, we shall grant you, at
your cost and expense, a further lease term as may be permitted under the laws of the PRC
and agreed mutually by the parties in writing at the revised rent and facilities charges to
be determined by us but any increase in rent and facilities charge shall not exceed 30% of
the current Rent and the Facilities Charge and containing, inter alia, the terms and
conditions of the Tenancy Agreement subject to such variations or modifications as may be
imposed by us with the exception of and without the present provision for renewal.
	 
	4.6	 	Force Majeure
	 
	 	 	In the event that any of the parties shall be rendered unable to perform within the
stipulated time the whole or any part of its obligations under this offer by reason of
Force Majeure, the time limit for the performance of this offer or any provision thereof
shall be extended for a period corresponding to the effects of such Force Majeure, Force
Majeure refers to any occurrence beyond the reasonable control of the Parties such as:

	 	(i)	 	fire, flood, storm, typhoon, explosion, landslide, tempest, earthquake or
any natural calamities;
	 
	 	(ii)	 	war, riot, civil commotion or unrest, military actions or similar events
in the Estate or Suzhou Municipality.

	 	 	The party affected by the event of Force Majeure shall inform the other party in the
shortest possible time after the occurrence of such event and provide the other party with
documents sufficiently evidencing the cause, nature and severity of the occurrence of such
event as soon as possible.
	 
	 	 	Upon the occurrence of an event of Force Majeure, the parties shall use their best
endeavours to reduce the effects of such event on the performance of this offer to a
minimum.

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	4.7	 	Non Assignability Or Transfer Of Rights Under This Offer
	 
	 	 	You shall not assign, transfer, part with or share your interest under this offer without
our prior written consent.
	 
	4.8	 	Confidentiality
	 
	 	 	You shall agree to keep this offer and all information exchanged in connection therewith
confidential at all times.
	 
	 	 	You shall further agree to co-ordinate with each other on all press releases and other
public announcements to be made in connection with this offer.
	 
	4.9	 	Settlement of Dispute
	 
	 	 	Any dispute arising from the Agreement shall be settled amicably. Failing such
amicable settlement, then the dispute shall be settled by proceedings in the courts of
Suzhou.
	 
	4.10	 	Possession Date
	 
	 	 	You shall be required to take possession the Premises on or before 31 August 2006 or such
other later date as may be mutually agreed in writing (“the Expiry Date”), failing which we
shall be entitled to forfeit the Security Deposit whereupon this offer shall cease to have
any legal or other effect whatsoever and we shall be completely discharged and released
from any liability, obligation, responsibility or duty whatsoever whether arising from or
in connection with this offer or otherwise and you shall not have any claim, action, remedy
or recourse whatsoever against us.
	 
	5.0	 	Validity of Offer & Execution of Tenancy Agreement
	 
	5.1	 	Tenancy Agreement
	 
	 	 	You shall be required to execute the Tenancy Agreement on or before two months from the
date of possession, or such other later date as may be mutually agreed in writing (“the
Expiry Date”), failing which we shall be entitled to forfeit the Security Deposit. Provided
that in the event that we are unable for any reason whatsoever to execute the Tenancy
Agreement on or

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	 	 	before the Expiry Date, we shall return the Security Deposit without interest to you
whereupon this offer shall cease to have any legal or other effect whatsoever and we shall
be completely discharged and released from any liability, obligation, responsibility or
duty whatsoever whether arising from or in connection with this offer or otherwise and you
shall not have any claim, action, remedy or recourse whatsoever against us.
	 
	 	 	The Tenancy Agreement shall include the terms of this offer and forthwith upon acceptance
of this offer, you may commence negotiation with regard to the remaining terms and
conditions of the Tenancy Agreement other than the terms of this offer.
	 
	5.2	 	Mode of Acceptance
	 
	 	 	This offer shall lapse if we do not receive all of the following by 11 August 2006.

	 	a.	 	Letter of acceptance;
	 
	 	b.	 	Payment of the three (3) months Security Deposit.
	 
	 	c.	 	Certificate of incorporation or a copy of Business License, when available.
	 
	 	d.	 	Payment of the three (3) months Utility Deposit.
	 
	 	e.	 	Payment of the enhancement fee for increase of power supply.

For payment, our bank account details are as follows:

	 	 	 
	Payee’s Name

	 	: ASCENDAS-XINSU DEVELOPMENT (SUZHOU) CO., LTD. 
	USD Account No

	 	: 412-08415208096014
	RMB Account No

	 	: 412-08415208091001
	Bank

	 	: Bank of China Suzhou Industrial Township Sub-Branch

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

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