Document:

LEASE
                AGREEMENT

            	
              Page
                1
                (4)

            

    

    
      	
              FOR
                NON-RESIDENTIAL PREMISES No. 995
                1006

            

    

     

    The
      undersigned have this day entered into the following Lease Agreement     An
      X in a
      box means that the text following thereafter applies

     

    
      	
              Landlord

            	
              NCC
                Property G AB

            	
            
	
            
	
              Tenant

            	
              Neonode
                AB

            	
              National
                ID/company registration no.

            
	 
	
              Premises
                Address, ect

            	
              Municipality:

              Stockholm

            	
              Property
                designation

              Lustgarden
                10

            
	
              Street:

              Warfuingesväg
                41

            	
              Floor/Building

              Plan
                4

            	
              Apartment
                no.

              Hus
                1

            
	
              Billing
                Address:

               

            
	
              Condition
                and use of premises

            	
              Unless
                otherwise stated, the premises and appurtenant storage areas are
                let in
                their existing condition for use as: Office for

              Neonode
                AB

            
	
              Size
                and extent of premises

            	
              Retail
                Space

            	
              Office
                Space

            	
              Storage
                Space

            	
              Other
                Space

            
	
              Floor

            	
              Sq.
                m.

            	
              Floor

              4

            	
              Sq.
                m.

              appx.
                887

            	
              Floor

            	
              Sq.
                m.

            	
              Floor

            	
              Sq.
                m.

            	
              Floor

            	
              Sq.
                m.

            
	
              The
                Designated Areas

              £ have
                £ have
                not been measured jointly prior to the execution of the
                Agreement.

              Should
                the area shown in the Agreement deviate from that actually measured,
                this
                does not entitle the Tenant to any

              repayment
                of rent no entitle the Landlord to any increased rent

              T The
                extent of the leased premises is marked on appended plan(s)
                2007-10-16

            	 	 
	
              Appendix

              2

            
	 
	
              £0

            	
               

              access
                for cars loading/ unloading

            	
              £

            	
              place
                for sign

            	
              £

            	
              place
                for display cabinet/ vending machine

            	
              £

            	
              parking
                space(s) for car(s)

            	
              £

            	
              garage
                space(s) for car(s)

            	
              £

            
	
              Furnishings/
                Fixtures/Fittings

            	
              The
                premises are let:

            	
              Appendix

            
	
              T without
                furnishings/fixtures/fittings specific to the specific
                Tenants

            	
              £ without
                furnishings/fixtures/fittings specific to the specific Tenants of
                the
                premises according to appendix

            	 
	 
	
              Unless
                otherwise agreed upon, at the termination of the tenancy, the Tenant
                shall
                remove all property belonging to him and surrender the premises in
                acceptable condition.

              The
                parties agree to carry out a joint inspection of the premises not
                later
                than the last day of the tenancy. If, as a result of the Tenant’s actions
                - carried out with or without the Landlord’s consent - the premises upon
                surrender should contain material, which it had not previously been
                agreed
                that the Landlord should be responsible for, the Tenant shall remove
                such
                material or pay the Landlord’s expenses in so doing., including but not
                limited to, transportation costs, waste disposal taxes and storage
                charges.

            
	
              Telephone
                Lines

            	
              £

            	
              The
                Tenant shall pay for the installation of the necessary telephone
                lines
                from a connection point designated by the service provider to those
                points
                in the premises chosen by the Tenant in consultation with the
                Landlord.

            
	
              £

            	
              The
                Landlord shall pay for corresponding installation of lines to the
                premises. The installation of lines inside the premises shall be
                carried
                out by the Tenant in consultation with the Landlord; the cost, however,
                to
                be borne by the Tenant.

            
	
              Data
                Communication lines

            	
              £

            	
              The
                Tenant shall pay for the installation of the necessary data communication
                lines from a connection point designated by the service provider
                to those
                points in the premises chosen by the Tenant in consultation with
                the
                Landlord.

            
	
              £

            	
              The
                Landlord shall pay for corresponding installation of lines to the
                premises. The installation of lines inside the premises shall be
                carried
                out by the Tenant in consultation with the Landlord; cost, however,
                to be
                borne by the Tenant,

            
	
              Terms
                of Lease

            	
              Commencing

              2008-04-01
                Appendix 1

            	
              Up
                to and including

            
	
              2013-03-31

            
	
              Termination/
                Extensions

            	
               

              Notice
                of termination of this Agreement must be given in writing at lease
                9
                months prior to the expiry of this Agreement.

               

              In
                the absence thereof, this Agreement is extended by a term of 3
                years
                at a time.

            
	
              Heating
                and hot water

            	
               

              Requites
                heating of the premises is provided by T
                the Landlord £
                the Tenant

            
	 	
               

              Hot
                water is provided £
                throughout the year £
                not provided £ 

            

    

     

    
      	
              Notice

              Note
                that in certain cases, in addition to marking a box with an X, an
                appendix
                must be appended to the Agreement in order for the agreement set
                forth in
                such appendix to be binding. This applies, for example. With respect
                to an
                index clause, a property tax clause and the Tenants rights to a reduction
                of rent in conjunction with customary maintenance. In addition, see
                Instructions prepared by the organisations.

            	 

    

     

    
      	
              Swedish
                Property Federation from no. 12B, prepared in 1998 in consultation
                with
                the Swedish Federation of Trade and the 

              Swedish
                Hotels - and Restaurants Association (SHR), Copying
                prohibited.

              Notice:
                This is a translation into English of for no. 12B.

              License
                number: 2057-9686-221855. Vernr: 6.01. Registered to: NCC Property
                Development AB.

            	
              Initial

            	
              Initial

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        	
                LEASE
                  AGREEMENT

              	
                Page
                  2
                  (4)

              

      

      
        	
                FOR
                  NON-RESIDENTIAL PREMISES No. 995
                  1006

              

      

    

    

    The
      undersigned have this day entered into the following Lease Agreement     An
      X in a
      box means that the text following thereafter applies

     

    
      	
              Rent

            	
              SEK

              1
                863 000 Appendix 1 Per
                annum comprising £
                total rent T
                rent excluding supplements marked below

            
	 	
              Index
                clause

            	
              T

            	
              Changes
                to the above-stated rent shall be effected pursuant to the appended
                index
                clause

            	
              Appendix

            
	
              1

            
	 	
              Heating
                and hot water costs

            	
              T

            	
              Fuel/heating
                supplement payable in accordance with appended
                clause

            	
              Appendix

            
	
              1

            
	 	
              Water
                and sewerage costs

            	
              T

            	
              Water
                and sewerage supplement payable in accordance with
                appended clause

            	
              Appendix

            
	
              1

            
	 	
              Cooling
                Ventilation

            	
              T

            	
              Costs
                for the operation of special cooling and ventilation appliances
                shall
                be reimbursed in accordance with appended clause

            	
              Appendix

            
	
              1

            
	 	
              Electricity

            	
              £

            	
              included
                in rent £
                Tenant has own contact with the provider

            	
              Appendix

              1

            
	 	
              Cleaning
                of stairwell

            	
              T

            	
              included
                in rent £
                Tenant has own contact with the provider

            	 
	 	
              Refuse
                and waster removal

            	
              Insofar
                as the Landlord is responsible for the provision of storage space
                for
                refuse/waste, and arranging for the removal of such refuse/waste,
                it is
                the Tenant’s responsibility to sort and deposit refuse/waste in the
                appropriate containers as directed, in their designated place, as
                well as
                without recompense contribute towards further and/or additional sorting,
                as directed by the Landlord

               

              Refuse/Waste

               

              £   
                included in rent

               

              £   
                Arranged
                for and paid for by the Tenant (the Landlord however shall provide
                the
                necessary refuse/waste containers and the requisite storage space
                for
                such)

               

              T
                Included
                in rent with respect to the types of refuse/waste indicated below.
                The
                tenant shall be responsible for, and pay for the costs of, collection,
                sorting, storage, and transportation of the categories of refuse/waste
                not
                indicated below which are to be found on the Tenants
                premises.

               

              T
                Household
                waste         £
                Fluorescent
                tubes               
                £
                Hard plastic packaging

              £
                Heavy refuse       
                £
                Metal
                packaging            
                      £
                Hazardous waste pursuant to the hazardous Waste Ordinance
                (1996.971)

              £
                Compostable waste     £
                clear class
                containers          
                £
                __________________________

              £
                Newspapers                 £
                Coloured class containers    £
                __________________________

              £
                Batteries                       £
                Cardboard packaging       
                  £
                __________________________

            

    

     

    
      	
            	
              Snow
                clearance and gritting

            	
              T
                included in rent  £
                to
                be arranged for and paid for by the Tenant £
                as
                per appendix

            	
              Appendix

            
	 
	 	
              Property
                taxes

            	
              £
                included in rent T
                reimbursement payable as per special agreement

            	
              Appendix

            
	
            

    

     

    
      	
              Unforeseen
                costs

            	
              Where,
                following the execution of the Agreement, unforeseen increases in
                costs
                arise in relation to the property as a consequent of:

               

              a)
                the introduction of, or increases in taxes, charges or duties levied
                specifically on the property as a result of decisions take by Parliament,
                Government, municipalities, or other relevant authorities;

               

              b)
                general rebuilding measures or suchlike in respect of the property
                which
                do not relate solely to the premises and which the Landlord is obliged
                to
                execute as a result of decisions of the Parliament, Government,
                municipalities, or other relevant authorise.

               

              The
                Tenant shall, commencing at the time of the cost increase, reimburse
                the
                Landlord in relation to that proportion of the total annual increase
                in
                costs for the property represented by the premises. 

               

              The
                proportion represented by the premises is 4.5
                per cent. Where the proportion has not been indicated. It shall be
                comprised of that proportion of the total rents for remises (excluding
                any
                value-added tax) represented by the Tenant’s rent (excluding an
                value-added tax) at the time of the increase in costs, in respect
                of unlet
                premises, the market rent for the premises shall be
                estimated.

               

              ‘Taxes’
                in accordance with a) above does not refer to value-added tax and
                property
                tax to the extent that reimbursement in respect of this is paid as
                per
                agreement. ‘Unforeseen Costs’ means such costs as were not decided upon by
                the authorities as set forth in sections a) and b) at the inception
                of the
                Agreement Reimbursement shall be paid in the same manner as set forth
                below for rental payments.

            

    

     

    
      	
              Notice

              Note
                that in certain cases, in addition to marking a box with an X, an
                appendix
                must be appended to the Agreement in order for the agreement set
                forth in
                such appendix to be binding. This applies, for example. With respect
                to an
                index clause, a property tax clause and the Tenants rights to a reduction
                of rent in conjunction with customary maintenance. In addition, see
                Instructions prepared by the organisations.

            	 
	
              Swedish
                Property Federation from no. 12B, prepared in 1998 in consultation
                with
                the Swedish Federation of Trade and the 

              Swedish
                Hotels - and Restaurants Association (SHR), Copying
                prohibited.

              Notice:
                This is a translation into English of for no. 12B.

              License
                number: 2057-9686-221855. Vernr: 6.01. Registered to: NCC Property
                Development AB.

            	
              Initial

            	
              Initial

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
         

        
          	
                  LEASE
                    AGREEMENT

                	
                  Page
                    3
                    (4)

                

        

        
          	
                  FOR
                    NON-RESIDENTIAL PREMISES No. 995
                    1006

                

        

      

    

    
    

    The
      undersigned have this day entered into the following Lease Agreement     An
      X in a
      box means that the text following thereafter applies

     

    
      	
              Value-added
                tax (VAT)

            	
              T
                The
                property owner/Landlord is liable to pay value-added tax for the
                letting
                of the premises. In addition to rent, the Tenant shall on each occasion
                pay the

                      
                VAT currently applicable.

               

              £
                Where,
                following a decision by the Tax Authorities, the property owner/Landlord
                become fiable to pay VAT for the letting of the premises, the Tenant
                shall   on each occasion in addition to the rent pay the VAT
                concurrently applicable.

               

              The
                VAT paid together with rent shall be calculated on the stated rental
                amount and where applicable on supplemental charges and other
                reimbursements paid in accordance with the Agreement, pursuant to
                the
                rules applicable at the time in respect of VAT payable on
                rent.

               

              Where
                the Landlord become liable to pay VAT pursuant to the provisions
                of the
                Value Added Tax Act as a consequence of the Tenant’s independent actions,
                such as a subletting of the premises (including subletting to its
                own
                company) or assignment, the Tenant shall reimburse the Landlord in
                full.
                In addition, the Tenant shall reimburse the Landlord in respect of
                the
                increased costs arising as a consequence of the Landlord’s loss of the
                entitlement to deduct VAT on operating expenses incurred as a consequence
                of the Tenant’s actions.

            

    

     

    
      	
              Payment
                of Rent

            	
              The
                rent shall be paid in advance without prior demand, not later than
                the
                last working day prior to the commencement of:

               

              £
                each calendar month T
                each quarter £
                By
                direct transfer to either of the following accounts

            	
              Postal
                giro no.

            	
              Banking
                no.

            
	
               

               

              see
                bill

            

    

     

    
      	
              Interest,
                Payment reminders

            	
              Upon
                delay in the payment of rent, the Tenant shall pay interest in accordance
                with the interest Act as well as compensation for written payment
                reminders in accordance with the Debt Recovery Act, ect. Compensation
                for
                payment reminders shall on each occasion be paid in an amount currently
                applicable pursuant to the Debt Recovery Ordinance,
                ect.

            

    

     

    
      	
              Maintenance,
                ect.

            	
              £

            	
              The
                landlord shall carry out and bear the cost of necessary maintenance
                of the
                premises and

              furnishings/fittings/fixtures
                supplied by him.

            	
              However,
                the Tenant shall be responsible for

            	
              Appendix

            
	
            	
            
	
               

            	
            	
              In
                addition, the Tenant’s maintenance obligations includes 

            	
              Appendix

            
	
               

               

              T

            	
              The
                Tenant shall carry out and bear the cost of necessary

              maintenance
                of the surface of floors, walls and ceiling, as well

              as
                of furnishings/fittings/fixtures provided by the Landlord.

              Where
                the Tenant does not fulfil his maintenance obligations and does not
                within
                a reasonable time carry out rectification works following a written
                demand, then the Landlord shall be entitled to fulfil these obligations
                at
                the Tenant’s expense.

            

    

     

    
      	
            	
              T

            	
              The
                allocation of the maintenance obligations is set forth as per separate
                appendix.

            	
              Appendix

            
	
              1
                and 3

            

    

     

    
      	
              Management
                and Operation

            	 	
              Unless
                otherwise agreed, the Landlord shall, where applicable, manage, operate,
                and maintain the public and common areas.

              The
                Tenant shall not be entitled, without the Landlord’s written consent, to
                carry out an fitting out and/or installation or alteration works
                within
                the premises or otherwise within the property, which directly effects
                the
                structural components of the building or installations important
                to the
                functioning of the property, such as water and sewerage, electricity,
                ventilation systems, ect., which are the property of the
                Landlord.

              Sprinkler
                heads and ventilation equipment may not be covered by any
                fixtures/fittings by the Tenant in such a manner as to reduce the
                functioning of such equipment in conjunction with the performance
                of
                fitting out works, the Tenant shall ensure that the functioning of
                radiators and other heating equipment is maintained in all significant
                respects.

            	 
	
              Inspections

            	 	
              Where
                any defects and/or deficiencies are found subsequent to an inspection
                by a
                relevant authority, in the electrical and sprinkler equipment which
                is the
                property of the Tenant, the Tenant shall, at his own cost and within
                the
                period prescribed by the relevant authority, carry out any measures
                required. Where the Tenant has not rectified the defects and/or
                deficiencies within the stated time, the Landlord shall be entitled,
                at
                the Tenant’s expense, to carry out such measure as are required by the
                relevant authority.

            
	
              Access
                to certain spaces

            	 	
              The
                Tenant shall keep areas to which the maintenance personnel and personnel
                from the energy utilities, water and sewerage utilities, the telephone
                company, and any like organisation must have access to, easily accessible
                by keeping such areas free of cupboards, crates, goods, or any other
                obstructions.

            
	
              Building
                material specifications

            	 	
              Whether,
                pursuant to the provisions of this Agreement or otherwise, the Tenant
                performs maintenance, improvement, or alteration works in respect
                of the
                premises, the Tenant shall provide the Landlord, in good time prior
                to the
                execution of such work, with specifications of the building materials
                - to
                the extent such have been prepared - for the products and materials
                to be
                used on the premises.

            
	
              Planning
                and Building Code (PBL) fines

            	 	
              Where
                the Tenant undertakes alterations to the premises without the requisite
                construction permit and, as a consequence thereof the Landlord is
                compelled to pay construction fines or supplemental fees pursuant
                to the
                rules set forth in the Planning and Building Code (PBL), the Tenant
                shall
                reimburse the landlord in respect of this.

            
	
              Reduction
                of rent

            	 	
              The
                Tenant shall not be entitled to a reduction in rent for the period
                during
                which the Landlord allows work to be carried out in order to place
                the
                premises in the agreed condition, or other works specifically set
                forth in
                the Agreement.

            
	
              T

            	
              The
                Tenant’s right to a reduction in rent during the Landlord’s performance of
                customary maintenance of the leased premises or the property shall
                be
                governed by a separate appendix.

            	
              Appendix
                

              1

            

    

     

    
      	
              Requirements

              imposed
                by relevant authorities, etc.

            	
              £ The
                Landlord T The
                Tenant

            	
              shall
                be solely responsible for, and bear the cost of, undertaking measures
                which may be required for the intended use of the premises by insurance
                companies, building authorities, environmental or health authorities,
                fire
                departments, or other relevant authorities after the date of taking
                possession. The Tenant shall consult with the Landlord prior to
                undertaking any such measures.

            
	
              Notice

              Note
                that in certain cases, in addition to marking a box with an X, an
                appendix
                must be appended to the Agreement in order for the agreement set
                forth in
                such appendix to be binding. This applies, for example. With respect
                to an
                index clause, a property tax clause and the Tenants rights to a reduction
                of rent in conjunction with customary maintenance. In addition, see
                Instructions prepared by the organisations.

            	 

    

     

    
      	
              Swedish
                Property Federation from no. 12B, prepared in 1998 in consultation
                with
                the Swedish Federation of Trade and the 

              Swedish
                Hotels - and Restaurants Association (SHR), Copying
                prohibited.

              Notice:
                This is a translation into English of for no. 12B.

              License
                number: 2057-9686-221855. Vernr: 6.01. Registered to: NCC Property
                Development AB.

            	
              Initial

            	
              Initial

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
         

        
          	
                  LEASE
                    AGREEMENT

                	
                  Page
                    4
                    (4)

                

        

        
          	
                  FOR
                    NON-RESIDENTIAL PREMISES No. 995
                    1006

                

        

      

    

    

    The
      undersigned have this day entered into the following Lease Agreement     An
      X in a
      box means that the text following thereafter applies

    
      

        
          	
                  Signs,
                    awnings, windows, doors, etc.

                	
                  Following
                    consultation with the Landlord, the Tenant shall be entitled
                    to display a
                    customary business sign provided that the Landlord has not reasonably
                    denied the same and that the Tenant has obtained the requisite
                    permit from
                    the relevant authority. Upon surrender of the premises, the Tenant
                    shall
                    restore the facade of the building to an acceptable
                    condition.

                  In
                    conjunction with more extensive property maintenance, such as
                    the
                    renovation of facades etc. the Tenant shall, at his own cost
                    and without
                    compensation, dismantle and reassemble signs, awnings, and
                    antennas.

                  The
                    Landlord undertakes not to fix vending machines and display cabinets
                    on
                    the exterior walls of the premises let to the Tenant without
                    the Tenant’s
                    consent, and grants to the Tenant an option to fix vending machines
                    and
                    display cabinets on the walls in question.

                
	
                  £
                    The
                    Landlord

                   

                  T
                    The
                    Tenant

                	
                  is
                    liable for any damage due to negligence or malicious intent
                    to

                	
                  T
                    windows

                  T
                    signs

                	
                  £
                    display/shop
                    windows

                  £

                	
                   

                  T
                    entrance
                    doors

                
	
                   

                  £ The
                    Tenant shall purchase and maintain glass insurance with respect
                    to all
                    display/shop windows and entrance doors appurtenant to the
                    premises.

                   

                
	
                  Locks

                	
                  £ The
                    Landlord T The
                    Tenant

                	
                  shall
                    equip the premises with such locks and anti-theft devices as
                    may be
                    required to ensure the validity of the Tenant’s business
                    insurance.

                
	
                  Force
                    majeure

                	
                  The
                    Landlord shall not be compelled to perform his obligations under
                    this
                    Agreement or pay any damages where, as a consequence of acts
                    of war or
                    riots, work stoppages, blockades, fires, explosions, or intervention
                    by a
                    public authority over which the Landlord has no control and which
                    could
                    not have been foreseen, and the Landlord is prevented entirely
                    from
                    performing his obligations or may only be able to do so at abnormally
                    high
                    cost.

                

        

         

        
          	
                  Security

                	
                  This
                    Agreement is contingent upon the provision of security in the
                    form of
                    a

                	
                  Appendix

                  1

                
	
                  £

                	
                  Bank

                  guarantee

                	
                    £

                	
                  Personal

                  guarantee

                	
                  £

                	
                  To
                    be provided 

                  no
                    later than: See Appendix

                

        

         

        
          	
                  Special
                    provisions

                	
                   

                  Special
                    Provisions

                  Floor
                    Plan

                  Delegation
                    of Responsibilities, Investments, Maintenance

                  Room
                    and Technical Description

                  Display
                    Programme

                   

                	
                  Appendix

                  1

                  2

                  3

                  4

                  5

                
	
                  Signature

                	
                  This
                    Agreement which may not be registered without specific consent
                    has been
                    prepared in two identical counterparts of which each party has
                    received
                    one. All prior agreements between the parties with respect to
                    these
                    premises shall cease to apply commencing on the date of execution
                    of this
                    Agreement.

                
	
                  Place/date

                	
                  Place/date

                
	
                  Landlord

                	
                  Tenant

                
	
                  Printed
                    name

                	
                  Printed
                    name

                
	 	
                  As
                    a consequence of an agreement entered into on this day, the Agreement
                    shall cease to apply

                  commencing
                    _________________________________, at which time the Tenant undertakes
                    to
                    surrender the premises.

                
	 	
                  Place/date

                	
                  Place/date

                
	 	
                  Landlord

                	
                  Tenant

                
	
                  Assignment

                	
                  This
                    Lease Agreement is hereby assigned to

                  commencing

                
	 	
                  Assignor

                	
                  Assignee

                	
                  National
                    ID/company registration no.

                
	 
	
                  The
                    above-referenced assignment is hereby approved

                	
                  Place/date

                	
                  Landlord

                
	
                   

                  Notice

                  Note
                    that in certain cases, in addition to marking a box with an X,
                    an appendix
                    must be appended to the Agreement in order for the agreement
                    set forth in
                    such appendix to be binding. This applies, for example. With
                    respect to an
                    index clause, a property tax clause and the Tenants rights to
                    a reduction
                    of rent in conjunction with customary maintenance. In addition,
                    see
                    Instructions prepared by the organisations.

                	 
	
                  Swedish
                    Property Federation from no. 12B, prepared in 1998 in consultation
                    with
                    the Swedish Federation of Trade and the Swedish Hotels - and
                    Restaurants
                    Association (SHR), Copying prohibited.

                  Notice:
                    This is a translation into English of for no. 12B.

                  License
                    number: 2057-9686-221855. Vernr: 6.01. Registered to: NCC Property
                    Development AB.

                

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Appendix
        1

      NCC
        Special Provisions

       

      

       

    

    SPECIAL
      PROVISIONS

    GOVERNING
      LEASING CONTRACT

    

    Appendix
      1

    Leasing
      contract: 995 1 006 

    Landlord:
      NCC Property G AB

    Tenant:
      Neonode AB 

    Premises
      address: Warfvingesväg 41, Stockholm

    

    18-10-2007

    

    1.
      The arrangement of the premises

     

    Prior
      to
      the start of the lease term the Landlord shall put the premises into order
      in
      accordance with the attached room and technical description annexe 4 as well
      as
      arrange the premises in accordance with the drawing, annexe 2 and in accordance
      with the delimitation list for investment, annexe 3. The supplementary
      information that the Landlord requires from the Tenant in order to put the
      premises into order shall be provided in accordance with an Instruction
      Timetable that the Landlord draws up. However, the surface layer and the choice
      of colour for the surface layer shall be done no later than 15-11-2007.

    

    Minor
      adjustments to the layout, annexe 2, that are initiated by the Tenant no later
      than by 26-10-2007, shall incur no additional cost for the Tenant. Minor
      adjustments are understood to mean that the office and conference rooms that
      are
      shown on the outline plan may be moved to elsewhere in the premises as well
      as a
      maximum of 2 office rooms may be added. The adjustments may only be effected
      if
      they are technically uncomplicated in respect of the property’s technical
      installations. The Landlord and Tenant shall, in accord, find the most suitable
      solution.

    

    Changes
      initiated by the Tenant that involve departures from annexes 2, 3 and 4 and
      that
      involve additional cost, shall be paid for by the Tenant. In the event of
      additional orders, the Tenant shall be charged the Landlord’s prime costs
      against invoices from the contractor.

    

    All
      changes shall be ordered in writing by the Tenant and ordered work may not
      be
      commenced until the parties have signed the order. 

     

    The
      Tenant pays for and draw up a detailed premises schedule as well as furnishing
      plans by no later than 26-10-2007 as a basis for the Landlord to undertake
      final
      planning of the premises. If the Tenant does not provide such a basis for final
      planning the Landlord shall undertake final planning and provide the premises
      with a point of departure taken in the basis that exists and in accordance
      with
      the documents that relate to this present leasing agreement.

    

    Changes
      to the layout may be expected during the forthcoming detailed planning stage.
      Irrespective of the layout and state of the premises according to annexes 2
      and
      4, the Landlord is entitled to carry out such changes that are imperative for
      construction reasons or that are imposed by the appropriate authorities. In
      this
      respect reasonable consideration shall be given to the Tenant’s
      wishes.

     

    
      
        
          	
                  Appendix
                    1 - Special Provisions

                	
                  1(6)

                

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Appendix
        1

      NCC
        Special Provisions

       

    

    
      The
        Tenant shall participate in tenant meetings/planning meetings in order that
        the
        Instruction Timetable is adhered to.

    

    
      

      Any
        furniture and fixtures & fittings entered in the drawings in annexe 2, are
        not included in the leasing contract.

       

    

    2.
      The Tenant’s own work

     

    The
      Tenant is responsible for, and shall pay for, fixtures & fittings, equipment
      and installations that are associated with his own business. As examples mention
      may be made of telephone and computer systems (the Landlord is responsible
      for
      the wiring), furniture, reception desks, safes and other loose and fixed
      fixtures & fittings, special equipment for his own business, specially
      adapted security systems etc. The work that is to be carried out under the
      Tenant’s own auspices and that is deemed by the Landlord to have an impact on
      the building construction or on the technical supply system, shall be carried
      out by the Landlord’s organisation.

    

    3.
      Rent discounts

     

    Rent
      discounts shall apply as follows:

     

    01-04-2008
      to 30-04-2008 SEK 155 250. Rent supplement according to the agreement shall
      be
      charged during the period.

     

    01-05-2008
      to 31-05-2008 SEK 155 250. Rent supplement according to the agreement shall
      be
      charged during the period.

     

    01-06-2008
      to 30-11-2008 a discount of SEK 465 750 shall apply, evenly distributed over
      the
      period. Rent supplement according to the agreement shall be charged during
      the
      period.

    

    4.
      Index clause

     

    The
      annual rent stated in the leasing contract shall, during the lease term, be
      recalculated on the basis of the changes to the Statistics Sweden consumer
      price
      index (total index with 1980 as the base year) in accordance with the following
      bases.

    

    The
      basic
      rent shall constitute 100 % of the rent amount stated in the contract. During
      the lease term a supplement to the rent amount shall be made, on the basis
      of
      the changes to the consumer price index (total index with 1980 as the base
      year), by a certain percent of the basic rent, in accordance with what is stated
      in the following.

    

    The
      basic
      rent is regarded as being established in line with the index figure for October
      2007 (the basic figure). This figure is currently unknown.

    

    Should
      the index figure at any subsequent October have risen in relation to the basic
      figure, then a supplement shall be payable at the percentage figure by which
      the
      index figure has altered in relation to the basic figure. A supplement shall
      henceforth be payable in relation to the index changes, whereby the rent changes
      shall be calculated on the basis of the percentage change between the basic
      figure and the index figure for the respective October. In the event of the
      index figure for any October falling in relation to the index figure that
      applied at the last time that the rent was adjusted in accordance with this
      clause, the preceding index supplement shall be payable without
      change.

    
       

      
        
          
            	
                    Appendix
                      1 - Special Provisions

                  	
                    2(6)

                  

          

        

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        Appendix
          1

        NCC
          Special Provisions

      

       

    

    Payable
      rent shall never be set lower than the rent amount stated in the
      contract.

    

    The
      rent
      change always takes place from and including 1 January following the October
      that has given rise to the recalculation.

    

    5.
      Heating, ventilation, cooling plant, water

     

    The
      Tenant shall, at the same time as the rent and in addition to it, effect payment
      corresponding to the Landlord’s prime costs (consumption including network
      charges) for that part of the Landlord’s fixed and variable costs for heating,
      cooling plant and ventilation of the property, that relate to the premises.
      The
      Landlord does not intend to install separate metering equipment for the premises
      whereupon the charging shall be based on the consumption in the building and
      a
      calculated apportionment between the relevant premises, when the apportionment
      shall be undertaken by the Landlord. 

     

    The
      Tenant shall effect payment quarterly on account in a sum that originally
      amounts to SEK 125 per m2/year. The amount on account shall be adjusted annually
      on the basis of the actual outcome. Settlement against actual calculated
      consumption shall be made no later than 1 July of the following year. The Tenant
      shall be entitled to install his own meters at his own cost.

     

    Included
      in the rent is the cost of water for normal consumption for office premises.
      The
      Tenant shall pay the cost of water consumption over and above what is normal
      for
      the office space, such as for cooling plant, machinery belonging to the
      operation or other special apparatuses. Where appropriate the Tenant shall
      acquire and install water meters for measuring the consumption for which the
      Tenant is liable.

    

    6.
      Electricity consumption

     

    The
      Tenant shall pay to the Landlord, over and above the basic rent, the Tenant’s
      cost of electricity consumption in respect of the premises. Payment shall be
      made in an amount corresponding to the Landlord’s prime costs. The Landlord’s
      prime costs are understood to be consumption including network charges. Separate
      metering of the Tenant’s electricity consumption shall be undertaken. The Tenant
      may not choose the electricity provider.

    

    7.
      Property tax

     

    The
      Tenant shall, at the same time as the rent, and as a supplement to this, pay
      the
      portion of the payable property tax attributable to the premises that is payable
      at any given time in respect of the property. The premises’ share (that shall
      remain unaltered during the lease term) shall be deemed to be, and the tenant
      shall pay, 4.5 % of the total payable property tax for the property.

     

    8.
      Value Added Tax

     

    The
      Tenant conducts VAT-liable business in the premises or activity that is
      comparable in terms of VAT, and is also notified that the property owner is
      registered as being VAT-liable in respect of the premises. The Tenant shall,
      in
      addition to the rent, pay the VAST that applies at any given time. If the
      Tenant, during the leasing relationship, ceases to conduct VAT-liable business
      in the premises, the Tenant shall pay to the property owner the amount that
      the
      property owner, in accordance with the law pertaining to VAT, is required to
      pay
      to the state. The Tenant shall additionally compensate for the increased
      operation VAR and investment VAT that becomes a consequence of the Tenant’s
      action. 

    
       

      
        
          
            	
                    Appendix
                      1 - Special Provisions

                  	
                    3(6)

                  

          

        

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        Appendix
          1

        NCC
          Special Provisions

         

      

    

    9.
      Garage places

     

    The
      Tenant has the right to rent 10 garage places in the property. The rent shall
      be
      SEK 18 000 per place and year and shall also be index adjusted under the same
      conditions that are stated in this present agreement. A separate rent agreement
      shall be concluded. The Tenant shall notify within one month of the leasing
      agreement being concluded, whether he wishes to rent the places. If the Tenant
      chooses not to rent the places the Landlord has the right to rent them out
      to
      someone else.

    

    10.
      Security for the rent

     

    As
      security for the Tenant’s fulfilment of all obligations in accordance with the
      leasing contract and in accordance with the law, the Tenant shall provide the
      Landlord with a bank guarantee for 6 months rent. The bank guarantee shall
      be
      provided no later than by 15-11-2007. In the event of the company’s
      creditworthiness having a rating of 4 after 18 months according to Kreditfakta
      or UC, the requirement of a bank guarantee may be removed.

    

    11.
      Lease term and taking possession

     

    Lease
      term: From and including 01-04-2008 up to and including 31-03-2013.

     

    The
      Tenant is entitled to take possession of the premises in order to commence
      moving in from 17.00 hrs. 28-03-2008. From that date the Tenant has full
      responsibility for the premises. No rent is payable for the period 28-03-2008
      to
      31-03-2008.

     

    The
      above-stated Day of Taking Possession (28-03-2008) presupposes e.g. that the
      Tenant keeps to the times regarding his part of the programme work and
      instruction timetable in accordance with clause 1 “the arrangement of the
      premises”.

     

    The
      Tenant is aware about, and accepts, that there may be construction work in
      the
      premises that is not completed on The Day of Taking Possession. The Tenant
      shall, however, be able to conduct his business in an acceptable manner and
      also
      the work shall be concluded within two weeks of the time that the tenant has
      taken possession of the premises.

     

    12.
      Operation and maintenance

     

    The
      Landlord is responsible for exterior maintenance of the building as well as
      for
      maintenance of the property’s basic installations regarding heating, cooling
      plant, electricity, ventilation and sanitation.

    

    The
      Tenant is responsible for the maintenance of all surface layers, operation
      and
      maintenance of own installations, locks and access systems, alarm systems for
      fire (not requirements imposed by authorities and sprinklers) and burglary
      as
      well as for maintenance of his own fixtures & fittings and equipment, as
      well as those provided by the Landlord, in the leased premises and in accordance
      with annexe 3.

     

    The
      Tenant shall arrange and pay for cleaning of the premises.

    
       

      
        
          
            	
                    Appendix
                      1 - Special Provisions

                  	
                    4(6)

                  

          

        

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        Appendix
          1

        NCC
          Special Provisions

         

      

    

    The
      property’s basic installations regarding cooling plant and ventilation that the
      landlord provides are normally in operation from 07.00 to 18.00 on weekdays.
      At
      other times as well as on holidays, the tenant may himself extend the operating
      time via manual adjustment.

     

    13.
      Assignment of leasing rights

     

    The
      Tenant is not, without the Landlord’s prior written consent, entitled to wholly
      or partly assign the leasing rights to the premises. Such consent shall not
      be
      refused if the Landlord does not have justified cause to oppose the
      assignment.

    

    The
      Tenant is not, without the Landlord’s prior written consent, entitled to wholly
      or partly give up the leasing rights to the premises as sub-letting.

    

    The
      above
      stated restrictions to the Tenant’s right to assign and/or give up the premises
      shall not apply to assignment/giving up to another company or another
      association within the Tenant’s corporate group, or to such assignment in
      connection with the transfer of business as referred to in the land law
      (1990:994) chapter 12, § 36.

    

    14.
      Environmental responsibility

     

    If
      the
      Tenant conducts environmentally dangerous activity he shall be required to
      obtain the requisite permits for the conducting of the activity from the
      Landlord, authorities, courts or other determining instance. The Tenant is
      responsible for following the current environmental legislation and to conduct
      the environmentally dangerous activity in a manner that in all respects
      minimises any inconveniences for the Landlord, other tenants in the property
      as
      well as third parties. The Tenant is financially liable and, in all other
      respects, for the consequences of the conducted activity in relation to the
      Landlord, other tenants, third parties and the involved authorities or similar
      instances as well as, where appropriate, the courts.

     

    In
      the
      event of the Landlord being subjected to financial liability for the
      environmentally dangerous activity that the Tenant conducts or has conducted,
      the Landlord is entitled to claim full compensation for this from the
      Tenant.

     

    The
      Tenant shall consult with the Landlord in matters regarding choice of materials
      and technical equipment for fixed installations, reconstructions etc. that
      take
      place under the auspices of the Tenant, and shall also provide the Landlord
      with
      the requisite environmental information.

     

    The
      Tenant is responsible for the cooling media installations that the Tenant
      employs at any given time in his activity, meeting all the requirements that
      are
      imposed in accordance with current environmental legislation.

     

    15.
      Fire protection

     

    The
      Tenant is responsible for maintaining equipment within the premises to a
      reasonable extent, for the extinguishing of fire and for rescuing lives in
      the
      event of fire or other accident. The Tenant is further responsible for otherwise
      taking the measures within the premises that are necessary in order to prevent
      fire and in order to prevent or restrict damage as a result of
      fire.

     

    The
      Landlord has a responsibility for documenting the fire protection within the
      building. The Tenant is therefore obliged, no later than two months after the
      date of taking possession, as well as each year on 31 January, to hand over
      to
      the Landlord a written documentation of the Tenant’s fire protection. The
      Tenant’s documentation shall have the content as laid down by the Swedish Rescue
      Services Agency’s general advice and comments on systematic fire protection
      work, SRVFS 2004:3.

    
       

      
        
          
            	
                    Appendix
                      1 - Special Provisions

                  	
                    5(6)

                  

          

        

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        Appendix
          1

        NCC
          Special Provisions

         

      

    

    The
      Tenant is responsible for providing the Landlord within two weeks of a written
      request, with the details that the Landlord requires in order to be able to
      discharge his obligation to provide a written account of the fire protection
      in
      the building to the municipality in accordance with the Act (2003:775) on
      Protection Against Accidents.

     

    It
      is of
      particular importance for the Landlord that the Tenant discharges his
      obligations in accordance with the above.

     

    16.
      Liability for damage to the property

     

    The
      Tenant is liable for damage to the property that occurs as a result of, or
      as a
      consequence of, criminal attack against the Tenant, the Tenant’s business or
      premises, e.g. attempted burglary, arson or causing explosions. It is, however,
      incumbent upon the Landlord to keep the property insured to the normal extent.
      The Tenant’s payment obligation for damage of the type referred to in this
      paragraph is limited to what is not compensated through the Landlord’s
      insurance, e.g. own risk.

     

    17.
      Reconstructions and changes during the lease term

     

    The
      Tenant is only entitled to cause reconstruction and fixtures & fittings work
      to be undertaken in the premises following written agreement with the Landlord.
      The Tenant shall thereupon obtain the requisite permits from the authorities.
      The Tenant shall, prior to undertaking such reconstruction and fixtures &
fittings work, hand over drawings and descriptions to the Landlord for
      examination and approval. The Tenant shall appoint consultants and contractors
      approved by the Landlord. The Tenant is responsible for such reconstruction
      and
      fixtures & fittings work not damaging the building or giving rise to
      increased costs for the Landlord. The work shall be carried out professionally
      and in accordance with current standards and regulations.

     

    The
      reconstruction and fixtures & fittings work within the premises carried out
      by the Landlord shall, upon completion, be inspected. The surveyor shall be
      appointed by the Landlord in consultation with the Tenant and shall be paid
      for
      by the Tenant. It is incumbent upon the Tenant to remedy the surveyor’s
      criticisms in respect of the Tenant’s work, without delay and at his own cost.
      Rectified criticisms shall be approved by the surveyor. The inspection shall
      be
      documented in a written record that shall be signed by both parties. The Tenant
      shall hand over the revised as-built documentation.

     

    18.
      Signs

     

    The
      Tenant has set up a sign programme for the property. The Tenant has the right
      to
      set up a sign by the entrance that is normal for the activity as well as one
      (1)
      sign on the facade in accordance with the outline in annexe 5, on condition that
      the Tenant follows the sign programme and has obtained the requisite permits
      from the authorities concerned. The sign proposal shall be approved by the
      Landlord before application for planning permission for the sign is submitted,
      whereupon it shall be noted that the Landlord shall have acceptable reasons
      for
      not approving the sign.

     

    The
      Tenant shall be responsible for the operation and maintenance of the
      sign.

    
       

      
        
          
            	
                    Appendix
                      1 - Special Provisions

                  	
                    6(6)

                  

          

        

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        Appendix
          1

        NCC
          Special Provisions

         

      

    

    Upon
      the
      Landlord’s maintenance of the facade the Tenant shall, if necessary, take down
      the sign during the requisite time. Upon moving out it is incumbent upon the
      Tenant to restore the house facade to an acceptable condition.

    

    19.
      Right to reduction

     

    The
      Tenant has no right to reduction of rent for obstacles or detriment in respect
      of the right of use as a consequence of the Landlord causing normal maintenance
      and normal reconstructions to be made in respect of the leased premises or
      the
      property in general. It is, however, incumbent upon the Landlord to notify
      the
      Tenant in good time with regard to the nature and scope of the work as well
      as
      when and for how long the work is to be carried out.

    

    20.
      Interruptions in the property

     

    The
      Tenant is aware, and accepts, that after moving in construction work may be
      undertaken in other premises in the building. The Landlord shall, however,
      give
      due consideration to the Tenant’s activity and, as far as possible, limit any
      negative effect.

     

    21.
      Reservation

     

    The
      leasing contract is first binding when both parties have signed the contract
      and
      both parties have each received their copies of the signed
      contract.

     

    22.
      Interpretation precedence

     

    In
      the
      event of conflict between provisions in the Swedish Property Federation’s form
      for leasing contracts and these special provisions, interpretation precedence
      applies to these special provisions.

     

    
      
        

      

    

    
       

      
        
          
            	
                    Appendix
                      1 - Special Provisions

                  	
                    7(6)

                  

          

        

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      Appendix
        2

      NCC
        Floor
        Plan

       

      [Floor
        Plan diagram]

       

    

    
      Exhibit
        2
        - NCC Floor Plan

    

     

    
      
        
          
          

        

        
          
             

          

          
            

          

        

        
          
          

        

      

    

     

    
      Appendix
        3

      NCC
        Delegation of Responsibilities

       

    

    

     

    Delegation
      of responsibilities

    Investments,
      maintenance, exchanges, supervision and operations

    

    Appendix
      3

    Leasing
      contract: 995 1 006 

    Leasor:
      NCC Property G AB

    Leasee:
      Neonode AB 

    Address
      of premises: Warfvingesväg 41, Stockholm

    

    2007-10-18

     

    NCC
      Property G AB hereafter called the Landlord (U) and Neonode AB hereafter called
      the tennant (HG) have come to agreement on the following division of
      responsibility concerning the investment, replacements, maintenance, repairs,
      supervision and operations of fixtures and equipment.

     

    The
      general principle for the acquisition costs is that U is responsible for all
      investments in the building (i.e. but not limited to, roof, floor, walls, water,
      sewer, heat, ventilation, electricity, fixed fixtures and fixed equipment)
      and
      HG is responsible for all loose furnishings (i.e. but not limited to, AV
      equipment, alarm, furniture, concept conforming shelving, office machines and
      all other property that is required by the operations).

     

    The
      general principle for the maintenance is that the party which is responsible
      for
      the acquisition is also responsible for the maintenance and repairs. However,
      HG
      is responsible for the daily maintenance, cleaning and supervision in accordance
      with the manufacturer’s recommendations. HG is responsible for damage exceeding
      normal wear and tear.

    

    The
      list
      below is a guideline of the allocation of responsibility for the new
      acquisitions, replacements, maintenance, repairs, supervision and operations
      of
      equipment. In cases where a specific item is not listed on the list below,
      the
      general principles described above are enforced.

     

    U
       =
      Landlord =
      NCC
      Property G AB 

    HG =
      Tennant =
      Neonode
      AB

    

      Exhibit
        3
        - NCC Delegation of Responsibilities

      Page
        1

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      Appendix
        3

      NCC
        Delegation of Responsibilities

       

    

    
      	 	 	
              Investment

            	 	
              Maintenance,
                replacement 

            	 	
              Supervision
                and operation

            	 	
              Note

            	 
	
              Building

            	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Roof

            	 	 	 	 	 	 	 	 	 
	
              Guttors

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Drains

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Roofing

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Drain
                spouts

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Antennas
                

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Fasad

            	 	 	 	 	 	 	 	 	 
	
              Signage/light
                fixtures 

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	
              Tennant

            	 
	
              Signage/light
                fixtures

            	 	
              U

            	 	
              U

            	 	
              U

            	 	
              Landlords

            	 
	
              Entre
                door 

            	 	
              U

            	 	
              U

            	 	
              U

            	 	
              buildings

            	 
	
              Garage
                door

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Window
                glass

            	 	
              U

            	 	
              U

            	 	
              HG

            	 	
              Openable,
                exept for towards essingleden 

            	 
	
              Window
                frames

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Interior

            	 	 	 	 	 	 	 	 	 
	
              Fixed
                fixtures and equipment

            	 	 	 	 	 	 	 	 	 
	
              Entre
                door to premisses

            	 	
              U

            	 	
              U

            	 	
              HG

            	 	 	 
	
              Door
                closer/opener, magnetic devices

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	
              In
                addition to required from fire dept

            	 
	
              Door
                closer/opener, magnetic devices

            	 	
              U

            	 	
              U

            	 	
              U

            	 	
              Required
                fire protection

            	 
	
              Ceiling,
                floor, glass partitions, walls, surfaces

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Ceiling,
                floor, glass partitions, surfaces

            	 	
              U

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Inner
                doors 

            	 	
              U

            	 	
              U

            	 	
              HG

            	 	 	 
	
              Toalet
                rooms

            	 	
              U

            	 	
              U

            	 	
              HG

            	 	 	 
	
              Pantry/kitchen
                incl white goods, microwaves and cupboards

            	 	
              U

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Buildings
                recyclying center/garbage rooms 

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Other
                fixtures in common areas

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Sun
                protection

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Loose
                fixtures and equipment

            	 	 	 	 	 	 	 	 	 
	
              Furniture

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Shelving,
                Signs- and brocher stands

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Bullitan
                boards, art etc.

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Curtains,
                blinds

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 

    

     

    Exhibit
      3
      - NCC Delegation of Responsibilities

    
      
        Page
          2

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        
           

          Appendix
            3

          NCC
            Delegation of Responsibilities

        

         

        
          	
                	 	
                  Investment

                	 	
                  Maintenance,
                    replacement 

                	 	
                  Supervision
                    and operation

                	 	
                  Note

                	 

        

      

    

    
      	
              Office
                machines

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Signs
                for the tennants purpose

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Coffee
                machines, water dispensers

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Konference
                room funishings 

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Cleaning
                equipment

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Reception
                desks

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Other
                loose furnishings and interior design details withing the
                premisis

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Technical
                installations

            	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Security
                and alarms

            	 	 	 	 	 	 	 	 	 
	
              Building
                fire protection (government requirements)

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Fire
                protection other

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Wall
                barrier building, protection class 2 up to 4 meters

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Lock
                and enrtry systems

            	 	
              U

            	 	
              U

            	 	
              U

            	 	
              Entre
                fasad

            	 
	
              Tennants
                own card and entry systems

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Burglary
                alarm 

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Evacuation
                alarm RWC (building requirment)

            	 	
              U

            	 	
              U

            	 	
              HG

            	 	 	 
	
              Buildings
                operations alarm

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Tennants
                operations alarm

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Telephone
                equipment

            	 	 	 	 	 	 	 	 	 
	
              Central
                equipment

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	
               

            	 
	
              Electrical
                network

            	 	
              U

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Equipment

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Data
                communication

            	 	 	 	 	 	 	 	 	 
	
              Base
                netork, fiber, copper

            	 	
              U

            	 	
              U

            	 	
              U

            	 	
              Only
                to KK-room

            	 
	
              Internal
                network, copper

            	 	
              U

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Poles

            	 	
              U

            	 	
              HG

            	 	
              HG

            	 	
              For
                60 workstations + 12 st extra poles

            	 
	
              Channalization

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Other
                communication equipement

            	 	 	 	 	 	 	 	 	 
	
              PA
                and AV-equipment

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Internal-TV
                with the rented premises

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Cabel
                TV

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Antenna
                outlets

            	 	
              U

            	 	
              HG

            	 	
              HG

            	 	 	 

    

    

      Exhibit
        3
        - NCC Delegation of Responsibilities 

      Page
        3

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Appendix
        3

      NCC
        Delegation of Responsibilities

    

     

    
      
        	
              	 	
                Investment

              	 	
                Maintenance,
                  replacement 

              	 	
                Supervision
                  and operation

              	 	
                Note

              	 

      

      
        	
                Electrical
                  installations

              	 	
              	 	
                 

              	 	
              	 	 	 

      

    

    
      	
              Generella
                electrical equipment

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Lighting
                for common areas

            	 	
              U

            	 	
              U

            	 	
              HG

            	 	
              HG
                changes all light bulbs

            	 
	
              Workstation
                lighting

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Pipes-installations
                air conditioning

            	 	 	 	 	 	 	 	 	 
	
              Heating-,
                water- and ventilation equipment

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Sprinkler
                equipment

            	 	
              U

            	 	
              U

            	 	
              U

            	 	 	 
	
              Airconditioning
                KK-rum 3 kW

            	 	
              U

            	 	
              HG

            	 	
              HG

            	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Fire
                protection equipement

            	 	 	 	 	 	 	 	 	 
	
              Evacuation
                signs 

            	 	
              U

            	 	
              U

            	 	
              HG

            	 	 	 
	
              Evacuation
                plans - maps

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	
              Fire
                extinguishers 

            	 	
              HG

            	 	
              HG

            	 	
              HG

            	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
              Maintenance
                and operations

            	 	 	 	 	 	 	 	 	 
	
              Window
                washing, openable  

            	 	 	 	 	 	
              HG

            	 	 	 
	
              Window
                washing, non-openable

            	 	
            	 	
            	 	
              U

            	 	
              End
                utsidan.

              2
                ggr per år

            	 
	
              Cleaning,
                surfaces

            	 	 	 	 	 	
              U

            	 	 	 
	
              Snow
                removal, not outside areas

            	 	 	 	 	 	
              U

            	 	 	 
	
              Floor
                surfaces, walls and

              furnishings
                maintained by tennant

            	 	 	 	
              HG

            	 	
              HG

            	 	 	 

    

     

    
      
        Exhibit
          3
          - NCC Delegation of Responsibilities 

        Page
          4

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        Appendix
          3

        NCC
          Delegation of Responsibilities

      

       

    

     

    

    ROOM
      AND TECHNICAL DESCRIPTION

    

    Appendix
      4 Lease Agreement:

    Lessor:
      NCC Property G AB

    Lessee:
      Neonode AB

    Address
      of the premises: Warfvingesväg 41, Stockholm, Sweden

    

    Room
      description

    

    Office/
      Open-plan layout/ Passageway

    Flooring:
      Carpet standard 500 sek/square meter. Oak parquet floor, glued

    Skirting:
      Wood

    Ceiling:
      Level acoustic false ceiling with general pendant lighting

    Walls:
      Painted 

    Installations: Airborne
      heating/cooling system

    Other:
      Painted wood-framed glass partitions facing the corridor and wall systems
      between rooms.

    

    Conference
      room

    Flooring:
      Carpet standard 500 sek/square meter. Oak parquet floor, glued

    Skirting:
      Wood

    Ceiling:
      Level acoustic false ceiling with general pendant lighting

    Walls:
      Painted 

    Installations: Airborne
      heating/cooling system

    Other:
      Painted wood-framed glass partitions facing the corridor and wall systems
      between rooms. Folding partitions are not included. Furnishings and equipment
      are not included.

    

    Photocopying
      room

    Flooring:
      Carpet standard 500 sek/square meter. Oak parquet floor, glued

    Skirting:
      Wood

    Ceiling:
      Level acoustic false ceiling with general pendant lighting

    Walls:
      Painted 

    Installations: Airborne
      heating/cooling system

    

    Reception/
      lobby/ waiting room/break

    Flooring:
      Carpet standard 500 sek/square meter. Oak parquet floor, glued

    Skirting:
      Wood

    Ceiling:
      Level acoustic false ceiling with general pendant lighting

    Walls:
      Painted 

    Installations: Airborne
      heating/cooling system

    Other:
      All furnishings and special lighting for the reception area to be funded by
      the
      Lessee. 

    

    Pantry/Lunchroom
      (1 room) (food preparation not possible)

    Flooring:
      Carpet standard 500 sek/square meter. Oak parquet floor, glued (plastic mat
      beneath and around cupboard) 

    Skirting:
      Wood

    Ceiling:
      Level acoustic false ceiling with general pendant lighting

    Walls:
      Painted, wall tiling between worktop and overhead cupboards

    Installations: Airborne
      heating/cooling system. Water outlet for coffee machine/water cooler. Workplace
      lighting

    Kitchen
      fittings and equipment: Worktop in laminat. Painted cupboard doors. Blender
      and
      sink fittings 

    Fridge,
      freezer, 2 dishwashers, 3 macrowave ovens. Fittings for microwave ovens and
      coffee-machine.

     

    
      Exhibit
        4
        - Room and Technical Description

      Page
        1

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
         

        
          Appendix
            4

          NCC
            Room
            and Technical Description

        

         

      

    

    WC

    Flooring:
      Clinker

    Walls:
      Tile

    Other:
      Fully equipped WC, general lighting. All units are fixed to the wall. Handicap
      toilets include floor drain and shower fittings. 

     

    Cleaning
      cupboard

     

    Flooring:
      Plastic mat

    Skirting:
      Same as flooring

    Walls:
      Painted

    Ceiling:
      Level acoustic false ceiling

    Other:
      General lighting. Slop basin

    

    Storage
      room

     

    Flooring:
      Linoleum

    Skirting:
      Wood

    Walls:
      Painted

    Ceiling:
      Level acoustic false ceiling

    Other:
      General lighting; furnishings and equipment are not included.

    

    Laboratory

     

    Flooring:
      Earthing plastic carpet, so called ESD-carpet

    Skirting:
      Wood

    Walls:
      Painted

    Ceiling:
      Level acoustic false ceiling

    Other:
      General lighting; furnishings and equipment are not included.

    

    Server
      room/Cooling room

     

    Flooring:
      Semiconducting carpet

    Skirting:
      Wood

    Walls:
      Painted

    Other:
      General lighting. In cooling room: Fittings for 3 kW cooler. Cable TV outlet
      in
      star network. 

    

    Technical
      description

    

    Building

     

    Windows
      and French doors are constructed in the first instance with triple-glazed
      aluminium clad timber windows.

    Window-frames
      are so-called triple windows offering the Lessee the opportunity to add their
      own Venetian blinds. Tinted glass for sun protection and Venetian blinds are
      installed in areas exposed to the sun.

    Interior
      partitions facing the lift and stairwell in aluminium. Internal office
      partitions and partition wall panels between rooms are wall systems supplied
      by
      Eurowand, Flex or their equivalent.

    False
      ceiling is constructed as a heavy acoustic false ceiling. Partition wall panels
      between rooms are attached to the false ceiling.

    Office
      floor structure is designed to withstand a load of 2.5 kN/m2. Area designated
      to
      filing in the heart of the office can handle a load of 4 kN/m2.

    

    Heating,
      cooling, ventilation

     

    Inside
      temperature: Requirement level of The Swedish Indoor Climate Institute (Svenska
      Inneklimatinstitutet) is TQ2. 

    The
      temperature is regulated area-wise with a temperature sensor in each area.
      There
      are 8 areas per floor and building block in the open-plan office environment.
      Each office cubicle and conference room has its own temperature
      sensor.

    Outdoor
      design temperature should be: 

    Summer:
      +22
      oC
      +4/-2
      oC
      (outdoor design temperature +27 oC
      50 %
      RH)

     

    Exhibit
      4
      - Room and Technical Description

    Page
      2

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
         

        
          Appendix
            4

          NCC
            Room
            and Technical Description

        

         

      

    

    Winter:
      +20
      oC
      +/-2
      oC
      (outdoor design temperature -20 oC
      50 %
      RH)

    Comfort
      cooling system should be designed to withstand an internal load of 30 W/m2
      LOA

    Sanitary
      airflow: 1.5 l/s/m2 for office/open-plan office environment and 4.5 l/s/m2
      for
      conference/meeting room. 

    Air
      extraction occurs via fans placed in so-called “humid” areas and via a centrally
      placed device. Conference room (> 12 people) has an air extraction duct. The
      Lessee has the opportunity to initiate time-controlled ventilation and also
      regulate temperature for each area.

    

    Sound,
      Acoustics

    According
      to SIS 025268, the sound classification of spaces in buildings is class A/B.
      35
      dB between offices, 30 dB facing corridor, 44 dB between conference rooms,
      35 dB
      facing corridor from conference room or 30 dB if walls are glazed. Within office
      areas, the sound level from installations is ≤ 35dBA.

    

    Lighting

    Lighting
      is designed according to AFS 2000:42 “Workplace Design” and NUTEK’s design
      requirements “Office Lighting 1994-11 2nd
      Edition”, with the exception for the luminance requirement (up to 3500 cd/m2 is
      acceptable). Office areas are provided with workplace oriented lighting with
      an
      average illumination strength of 300 lux. Fluorescent tube fittings, mixed
      with
      uplights/downlights, individually controlled with light cord pull. The lighting
      is operated via centrally controlled time settings (on/off) and/or a switch.
      

    

    Electricity
      

    Electrical
      distribution box is located within the Lessee’s allocated area. Above the false
      ceiling there are standard power sockets, computer power sockets and light
      sockets. Joined to these sockets are ceiling-to-floor cable rods that are to
      be
      funded by the Lessee. 

    Lightning
      protection system is installed in the property.

    

    Safety
      and Security

    According
      to SSF 2000:3 protection class 2, the property’s perimeter protection is
      installed up to the 4 metre level above the ground. The Lessee is responsible
      for their own perimeter protection and for security on their own premises.
      The
      partition doors in the Lessee’s lobby and the walls surrounding the premises to
      be in accordance with protection class 2. The doors to the main entrance shall
      be equipped with an empty conduit in which to mount the Lessee’s electric strike
      plates and access systems.

    The
      property is equipped with a sprinkler system. Evacuation alarm with detectors
      in
      the whole property according to public authority’s demand.

    

    Data/telecommunications

    Fibre
      optics for data network and telephony are drawn out into cross connect systems
      in respective control rooms.

    

    
      
        

      

      
         

        Exhibit
          4
          - Room and Technical Description

        Page
          3

         

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
      Appendix
        5

      NCC
        Display Programme

    

     

    [Display
      Programme]

    

      Exhibit
        5
        - Display Programme

      Page
        1EMPLOYMENT
      AGREEMENT

     

    This
      agreement has been made on the date set out below.

     

    BETWEEN
      Neonode, Inc., hereafter “the Company” AND Mikael Hagman “the
      Employee”.

     

    
      	
              §
                1

            	
              Form
                of employment and position

            

    

     

    The
      Employee is hereby employed as CEO.

     

    The
      parties agree that the position entails duties and conditions of employment
      such
      that the employee shall be deemed to occupy a managerial or comparable
      position.

     

    
      	
              §
                2

            	
              Work
                duties

            

    

     

    The
      Employee’s work duties shall accord with instruction, which may from time to
      time be given for the position of CEO. The Employee’s locality of employment is
      at present Sweden.

     

    
      	
              §
                3

            	
              Duration
                of the agreement and notice of
                termination

            

    

     

    This
      agreement shall apply as of 2006-03-05 and indefinitely thereafter. The
      agreement may be terminated upon observance of a period of notice of termination
      of 12 months by the Company, and 6 months by the Employee. For the length of
      the
      employee’s seniority and service within the Company, the date of this agreement
      shall apply.

     

    Upon
      termination by the Company, the Company is entitled to remove the Employee
      from
      the conduct of the Company’s affairs during the period of notice or part
      thereof.

     

    In
      such a
      case, the Employee is entitled to assume other employment or to conduct his
      own
      business with no other restriction than that which appears in the provision
      of
      non-competition of this agreement.

     

    If
      the
      Employee is removed from his conduct of the Company’s affairs, then all property
      which the Employee uses in connection with the employment shall be returned
      to
      the Company within five days, however in no case later than the date of the
      employment’s termination.

     

    
      	
              §
                4

            	
              Work
                hours and vacation

            

    

     

    The
      Employee shall devote all of his work time to his post pursuant to this
      agreement, and according to the standard working hours of the
      Company.

     

    Vacation
      shall consist of 30 vacation days per year pursuant to the provisions of law
      as
      may from time to time be applicable.

     

    Vacations
      shall be planed in consultation with direct supervisor, and with respect to
      the
      business in the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              §
                5

            	
              Outside
                work

            

    

     

    The
      Employee may not hold another employment or be engaged in another business
      without the expressed and written approval of the board, nor may the Employee
      otherwise he engaged in activities, which can detrimentally affect his
      employment under this agreement.

     

    
      	
              §
                6

            	
              Salary
                and Remuneration for board membership

            

    

     

    Annual
      base salary applicable shall be 1.560.000 SEK.

     

    A
      review
      of salary and benefits shall normally he made each year in connection with
      ordinary revision of the pay scale for the Company’s other employees. The first
      review of salary shall be made after six months.

     

    According
      to the policy applicable to the Company the Employee is not entitled to receive
      remuneration for hoard membership in companies of the Company
      group.

     

    No
      salary
      for overtime work or travel time shall be payable.

     

    
      	
              §
                7

            	
              Bonus
                and options

            

    

     

    The
      Employee is engaged into a separate bonus arrangement, annually established
      in
      discretion by the Company. Current bonus program in appendix 1.

     

    The
      Employee is engaged into a separate stock options agreement with the Company.
      Appendix 2.

     

    
      	
              §
                8

            	
              Pension
                and sickness benefits etc

            

    

     

    In
      addition to benefits required by the national insurance act the Employee is
      entitled to the insurance policy of Neonode Inc. as may front time to time
      be
      applicable.

     

    The
      Employee is also entitled to a pension benefit of 12% of the annual base salary
      per year, which will substitute the current scheme between the relevant employer
      and employee associations with regard to supplementary pension for salaried
      employees. By choosing a pension benefit the employee will not have the option
      to join “ITP tjanstepension” at any point of his employment with the
      Company

     

    
      	
              §
                9

            	
              Business
                Trips and parking lot provided by the
                employer

            

    

     

    In
      connection with business trips, the Employee shall receive compensation
      according to the Company’s travel and subsistence allowance rules. In connection
      with such trips, the Employee shall comply with the provisions on travel and
      accommodation expenditures contained in those rules.

     

    The
      Employee shall be provided a parking lot nearby the office in Stockholm

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              §
                10

            	
              Summary
                dismissal

            

    

     

    The
      Company is entitled to summary dismiss the Employee, effective immediately,
      if
      the Employee has grossly neglected his statutory or contractual obligations.
      In
      the event of such summary dismissal the Employee forfeits any right to severance
      pay as well as the right to salary another employment benefits during the period
      or notice, if any.

     

    
      	
              §
                11

            	
              Severance

            

    

     

    The
      Employee is entitled to severance pay if

     

    a)
      the
      Company dismisses the Employee; or

     

    b)
      the
      Employee terminates the agreement due to the Company’s breach of
      contract.

     

    Severance
      pay shall he paid at the minimum amount based on the Employee’s salary at the
      time of the agreement’s termination, corresponding to 12 months base
      salary.

     

    Severance
      pay shall be paid monthly following the termination of the employment contract.
      The Company will not pay social security fees on the severance pay or insurance
      premiums unless so required by statue or contract. Severance pay is not combined
      with vacation pay.

     

    If
      the
      Employee during the period that severance pay is paid pursuant to the proceeding
      paragraph, assume employment with another employer or become engaged in his
      own
      business, then the Company shall be notified of such circumstance and in such
      a
      case deduction of the severance pay shall be made.

     

    
      	
              §
                12

            	
              Secrecy

            

    

     

    The
      Employee agrees without any limitation in time not to disclose to third parties
      confidential information concerning the Company or any other company in the
      Company Group and their business activities.

     

    “Confidential
      information”, as used in this provision means any information – technical,
      commercial or of any other nature – regardless of whether or not the
      information is documented, with the exception of information which is, or
      becomes generally known or which has come, or will come, to general knowledge
      other than through the Employee’s breach of this provision.

     

    If
      the
      Employee commits a breach of the above secrecy undertaking the Employee shall,
      upon request by the Company pay a penalty of 250.000 SEK for each individual
      case. The Company is also entitled to damages above 250.000 SEK if the
      Employee’s breach of the secrecy agreement damage the Company for more than
      250.000 SEK.

     

    
      	
              §
                13

            	
              Non-competition

            

    

     

    The
      Employee agrees that during the period of employment and for a period of 12
      months after termination of the employment, not to, either directly or
      indirectly, conduct or in any manner further activities that competes with
      the
      business activities of the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    If
      the
      Employee commits a breach of the above prohibition against competition, the
      Employee shall upon request by the Company pay a penalty of 500.000 SEK for
      each
      individual breach. The Company is also entitled to damages above 500.000 SEK
      if
      the Employee’s breach of the competition damage the Company for more than
      500.000 SEK.

     

    Payment
      of a penalty shall not prejudice the Company’s right to remedies other than
      damages due to breach of contract.

     

    
      	
              §
                14

            	
              Amendments

            

    

     

    Only
      those amendments and addition to this agreement that are made in writing and
      signed by the parties are valid.

     

    
      	
              §
                15

            	
              Entire
                agreement

            

    

     

    The
      agreement and its appendixes constitute the parties complete regulation of
      all
      questions which the agreement concerns. All written or undertakings or
      understandings which have proceeded the agreement or superseded by the contents
      of this agreement and its appendixes

     

    
      	
              §
                16

            	
              Governing
                law

            

    

     

    This
      agreement and any dispute in connection with this employment relationship is
      governed by Swedish law and Swedish courts.

     

    
      
        

      

    

     

    This
      agreement has been executed in two copies of which the parties have taken one
      each.

    

      
        	
                Stockholm
                  2006-11-30

                Neonode
                  Inc

              	 	
                Place
                  and date

              
	 	 	 
	
                /s/
                  Per Bystedt

              	 	
                /s/
                  Mikael Hagman

              
	
                Per
                  Bystedt

                Chairman

              	 	
                Mikael
                  Hagman

              
	 	 	 
	
                /s/
                  Magnus Goertz

              	 	 
	
                Magnus
                  Goertz

                Director

              	 	 

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Appendix
      1, bonus program

     

    The
      Company and the Employee shall in good faith work out the details for a bonus
      program, where the Employee is entitled to a yearly bonus of maximum twelve
      months salaries.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Appendix
      2, stock option program

     

    The
      Employee is entitled to participate in the employee stock option program. The
      allocation to the Employee is 100.000 employee stock options at points in time
      over a period of 4 years.

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