Document:

Exhibit 10.1 - Memorandum of Lease.

    

      Exhibit
10.1

      

      
        	
                [LOGO]

              	
                Cherry
      Telecom Limited

              
	
                Room
      1302, Sino Favor Centre

              
	
                No.
      1 On Yip Street, Chaiwan, Hong Kong SAR

              
	
                Phone:
      +852 21583621

              
	
                E-mail:
      sales@cherry-telecom.com

              

      

      

      

      

      18 August
2009

      

      Monar
International Inc.

      1000 East
William Street, Suite 204

      Carson
City, Nevada

      89701

      U.S.A.

      

      

      ATTN:  
              Robert
Clarke, President

      

      Re:                      Lease
of office space at Suite 1302 Sino Favour Centre, 1 On Yip Street,
Chaiwan

      

      

      Dear
Robert

      

      Further
to our discussions we are pleased to be able to offer Monar International Inc.
office space in

      Chaiwan.
The general terms of this arrangement will be:

      

      Term:                                   
  1 August, 2009 to 31 October, 2010

      
        	
                Rent:

              	
                HKD
      500 per month (approximately USD 65), inclusive of utilities, management
      fee and government rates

              

      

      Rent free
period:                    1
August 2009 through 31 October 2010 (inclusive)

      
        	
                Description:

              	
                Approximately
      8 to 10m2 of the office area of Unit 1302, 13th Floor, Sino Favour Centre,
      No.1 On Yip Street, Chaiwan, Hong
Kong

              

      

      

      

      We trust
that you will find this arrangement satisfactory for your current
needs.

      

      Sincerely
yours,

      

      For and
on behalf of

      Cherry
Telecom Limited

      

      

      

      LIM PING
WAI

      Lim Ping
Wai

      DirectorEXHIBIT 4.1

         

         

        CUSIP

        SMSA CRANE ACQUISITION CORP.

        

        INCORPORATED UNDER THE LAWS OF THE STATE OF NEVADA

        

        	
                	
                	
                    SEE REVERSE FOR

                	
                
	
                	
                    COMMON STOCK 

                	
                    CERTAIN DEFINITIONS

                	
                
	
                	 	
                	
                
	
                	 	
                	
                
	
                	
                    SPECIMEN

                	
                	
                

        

        

        

         

         

        This

        certifies

        that

         

         

         

         

         

         

         

        is the owner of

         

         

        

         

         

        FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $0.001 PAR VALUE, OF

        SMSA CRANE ACQUISITION CORP.

        

        (hereinafter called the "Corporation"), transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney, upon surrender of the Certificate properly endorsed. This certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Certificate of
        Incorporation and the Bylaws of the Corporation, as amended (copies of which are on file at the office of the Transfer Agent), to all of which the holder of this Certificate by acceptance hereof assents. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. Witness the facsmile seal of the Corporation and the facsimile signatures of its duly authorized officers.

         

        

        	DATE:	 	 	 	 	 
	 	
                
	 	
                
	
                	
                      [CORPORATE SEAL OMITTED]

                	 	 
	 	
                
	 	
                
	 	
                
	
                	 	 Countersigned:	 	 
	PRESIDENT	 	 	SECURITIES TRANSFER CORPORATION	 	 
	
                	 	 	P.O. Box 701629	 	 
	
                	 	 	Dallas, TX 75370	 	 
	
                	 	 	By:	 	 
	
                	 
	
                	
                
	SECRETARY	 	 	___________________________________	 	 
	
                	 	 	TRANSFER AGENT-AUTHORIZED SIGNATUREConverted by EDGARwiz

  

 
 EXTENSION OF COMMON STOCK PURCHASE WARRANT “A”

 This Extension of the Common Stock Purchase Warrant “A” offered by Powin Corporation on July 8, 2008 shall hereby be extended and amended as follows:

 The “Term” of this warrant shall be extended for a period of one year following the Effective Notice of the Form S-1 filed by the Company.

 All other provisions and terms of the warrant shall remain the same.

 IN WITNESS WHEREOF, the Company has executed this Warrant as of this 31
st day of May, 2009.
 

 POWIN CORPORATION

 

 By: /s/ Joseph Lu

      Joseph Lu, CEO

 

 

 

 
 

 

  

 

 

 

 EXTENSION OF COMMON STOCK PURCHASE WARRANT “B”

 This Extension of the Common Stock Purchase Warrant “B” offered by Powin Corporation on July 8, 2008 shall hereby be extended and amended as follows:

 The “Term” of this warrant shall be extended for a period of two years following the Effective Notice of the Form S-1 filed by the Company.

 All other provisions and terms of the warrant shall remain the same.

 IN WITNESS WHEREOF, the Company has executed this Warrant as of this 31
st day of May, 2009.
 

 POWIN CORPORATION

 

 By: /s/ Joseph Lu

       Joseph Lu, CEOConverted by EDGARwiz

 AMERICAN PROPERTY MANAGEMENT CORP.

2154 N. E.Broadway Portland, Oregon 97232 

Mailing address:  P. O. Box 12127, 
 Portland, 
Oregon 97212
 
Phone 503-281-7779 Fax 503-460-2616
 

 
THIRD AMENDMENT TO LEASE
 LEASE EXTENSION
 

 Date: February 7,2007
 

 AMERICAN PROPERTY MANAGEMENT Account #C-277-6471-02

 It is mutually agreed that the Lease Agreement dated February 4, 1998, First Amendment to Lease dated November 29, 2000, and Second Amendment to Lease dated January 20, 2004 (collectively the "LEASE") between AMERICAN PROPERTY MANAGEMENT CORP. as agent for and on behalf of WESTON HOLDING CO, L.L.C. ("LESSOR"), and Powin Corporation, an Oregon corporation ("LESSEE"), for Suite #326 and Suite #328 consisting of approximately 2,089 rentable square feet (this measurement includes a load factor -for the building of 10%) ("Premises") in the Times Square Office Building located at 6975 SW Sandburg Rd. in Tigard, Oregon ("Building") is hereby modified as follows: 

 If any provisions contained in this Third Amendment to Lease are inconsistent with any other provision of the LEASE, the provisions contained in this Third Amendment to Lease shall control.

 Article I 
 
ACCOUNT NUMBER
 

 Page One of the LEASE shall be changed as follows:

 LESSOR'S account number shall read #C-277-6471-02 and includes #C-277-6477-02

 Article 2 
 
LESSOR NAME
 

 Page One of the LEASE shall be changed as follows:

 LESSOR'S name shall read: AMERICAN PROPERTY MANAGEMENT CORP. as agent for and on behalf of WESTON INVESTMENT CO. LLC.

 .Article 3 
 
EXTENSION TERM
 

 Page One of the LEASE shall be amended with the addition of the following:

 Commencing April 1, 2007, the Lease term shall be extended for a period of two (2) years and terminate March 31, 2009 ("Extension Term").

 Page 1 of 8
 Lessor /s/ Lcssee /s/

 
 
Article 4 
 
BASE RENTAL
 

 Page One of the LEASE shall be amended with the addition of the following:

 Commencing April 1, 2007, the initial base rental for the Extension Term shall be $3,046.46 per month.

 Article 5 
 
SECURITY DEPOSIT
 

 Section 4.1 of the LEASE, "Security Deposit," shall be amended with the addition of the following:

 The LESSEE shall submit with this signed Third Amendment to Lease the base rent for the first month of the Extension Term and an additional Security Deposit of $127.95, which shall be held by the LESSOR together with Security Deposit currently deposited with the LESSOR under the original Lease ($3,070.83). The Security Deposit equal to the estimated last month's base rent ($3,198.78) shall be held by the LESSOR in accordance with the provisions of the original LEASE.

 Article 6 
 
RENTAL ADJUSTMENT
 

 Section 38.1 of the LEASE, "Rental Adjustment," shall be replaced with the following:

 The percentage increase in the yearly Consumer Price Index for U.S. City average (all urban consumer) as of January 2007 and the same Consumer Price Index as of January 2008 and on the same month of each year of the LEASE term. Such information will be secured from the U.S. Bureau of Labor Statistics. Said increase shall be subject to a minimum annual increase of 3% and a maximum annual increase of 5%.

 Article 7 
 
RENTAL ADJUSTMENT DATES
 

 Section 38.2 of the LEASE, "Rental Adjustment Dates," shall be amended with the following:

 The rental adjustment date will be April 1, 2008.

 Article 8 
 
UTILITY ADJUSTMENT
 

 Section 38.3 of the LEASE, "Utility Adjustment," shall be deleted and replaced with the following:

 LESSEE shall pay as Additional Rent, one (1) time per year, LESSEE'S proportionate share of any increase in basic utility costs for the Building.

 The base period shall be January 2006 through December 2006, during which time the actual utility costs were $(To Be Determined). The comparison period shall be defined as the twelve calendar month period directly following the base period and every consecutive twelve calendar month period thereafter. The actual utility costs shall be defined as all Building meter accounts paid by the LESSOR. For the purposes of the utility adjustment, the Utility Building size shall be the actual useable square feet less any space separately metered or submetered or 20,322 square feet and the LESSEE'S pro-rata share is 9.34% which is based on the actual Premises useable square feet divided by the Utility Building size. Since the useable square feet of the Building can change, the above Utility Building size and LESSEE'S pro-rata share is subject to change.

 Page 2 of 8
 Lessor /s/ Lessee /s/

 
 
The one (1) time per year utility payment, if any, shall be paid by the LESSEE every April 1st, starting April 1, 2008, and shall be calculated as follows:

 First, before any comparison of utility costs is made, the base period actual utility costs shall be increased by the CPI percentage change using the base period CPI compared to the comparison son period CPI to create an "adjusted" base amount. Next, the "adjusted" base amount shall be subtracted from the comparison period actual utility costs. Last, the difference shall be multiplied by the LESSEE'S pro-rata share. This amount will be due and payable as a one (1) time per year Additional Rent charge paid by the LESSEE every April 1st
 starting April 1, 2008, An example is as follows:
 

 Example
 

 1.). Actual Building Size 

20,000 useable sq. ft.
 2.) Building Tenants who pay their utilities direct

on separate meters or separately read submeters 

2,500 useable sq. ft,
 

 3.) Adjusted Building Size 

...

.........

17,500 useable sq. ft.
 4.) LESSEE'S Premises = 

1,000 useable sq. ft,
 5.) LESSEE'S pro-rata share = 

5.7%
 6.) Actual Utility Costs during
Base Period for
 Entire Building 

$17,500.00 ($1.00/rsf/yr)
 7.) Base Period CPI 

183.5 (May 2003)
 8.) Comparison Period CPI 

194.4 (May 2005)
 7.) CPI Percentage Increase 

x 5.9%
 8.) "Adjusted" Base Amount 

$18,532.50
 9.) Actual Utility Costs during Comparison Period

for Entire Building 
 I 

$19,600.00 (12%increase)
 10.) Difference between. Comparison Period Actual Utility

Costs and "Adjusted" Base Amount: 

$ 1,067.50
 11.) Tenant's annual Pro-rata Share 5.7% or $60.85, which is a one (1) time per year payment made by 

the LESSEE.
 

 
Article 9
 INTERIOR DESIGN & MODIFICATION/

LESSOR AGREED TENANT IMPROVEMENTS
 

 Section 42.1 of the LEASE, "Interior Design & Modification," and Section 43.1 of the LEASE, "Lessor Agreed Tenant Improvements," shall be amended with the following:

 See Exhibit "B-3" Space Plan and Exhibit "C-4" Interior Space Work Agreement, incorporated herein by reference.

 If any provisions contained in this Exhibit "C-4" Interior Space Work Agreement are inconsistent with any other provisions contained in this LEASE (ie: Exhibit "B", "B-l", "B-2" or "B-3" Space Plan), the provisions contained in this Exhibit "C-4" Interior Space Work Agreement shall control.

 .Article 10 
 
FLOOR PLAN
 

 Page 3 of 8

Lessor /s/ Lessee /s/
 

 

 See attached Exhibit "E-3" Floor Plan, incorporated herein by reference,

 Article 11 
 
COMPLETE AGREEMENT
 

 The signing of this Third Amendment to Lease by the parties hereto constitutes a Lease between them incorporating all of the terms and conditions contained in the original LEASE heretofore made between  LESSEE and LESSOR, or LESSOR'S predecessor in interest, except as modified by the terms of this Third  Amendment to Lease. If any provisions contained in this Third Amendment to Lease are Inconsistent with any other provisions of the original LEASE, the provisions in this Third Amendment to Lease shall control
 This Third Amendment to Lease is to be attached to the original LEASE, which is to be deemed a part of it. This Third Amendment to Lease shall not be binding at the sole option of the LESSOR if, as of the commencement date of the Extension Term herein, the LESSEE is in default under any of the provisions of the original LEASE above described.

 Article 12 
 
EXPIRATION OF OFFER
 

 This offer to extend LESSEE'S LEASE shall expire at the sole option of the LESSOR if this Third Amendment to Lease is not signed and delivered to the LESSOR with no changes and accompanied by appropriate pre-paid monies by February 21, 2007.

 Page 4 of 8
 
Lessor /s/  Lessee /s/
 

 

 IN WITNESS WHEREOF, the respective parties have executed this instrument in duplicate on this, the day, the month, and the year hereinbelow written, any corporation signature being by authority of its Board of Directors.

 LESSOR:

LESSEE:
 AMERICAN PROPERTY MANAGEMENT CORP.

Powin Corporation,
 as agent for and on behalf of

an Oregon corporation

WESTON INVESTMENT CO. LLC
 

 

 X /S/Douglas D. Lindholm

By: /s/Joseph Lu
 Douglas D. Lindholm

Name. Joseph Lu
 Vice
President of Commercial Property

Title: President
 Date: 2/23/07

Date: 2/20/07
 

 

 Page 5 of 8

Lessor /s/

Lessee /s/

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]