Document:

LEASE BETWEEN SUN WAH MARINE PRODUCTS AND CHINA TYPE DESIGN

 Exhibit 10.24 
 AN AGREEMENT is made the 10th day of July, Two Thousand and Six. 
  

			
	Parties	  	BETWEEN the Landlord and the Tenant more particularly described and set out in the First Schedule hereto.
		
		  	WHEREAS:
		
	Premises	  	 1.       The Landlord shall let and the Tenant shall take ALL THAT the premises more particularly described
and set out in the Second Schedule hereto (hereinafter referred to as “the said premises”) (TOGETHER with the furniture fixtures fittings equipment (hereinafter called “the said furniture”) now thereat details whereof are
contained in the Fourth Schedule hereto) (if any) AND together with the use in common with the Landlord and all others having the like right of the entrances, staircases, landings, passages and lavatories (if any) in the building of which the said
premises form part (hereinafter called “the said building”) in so far as the same are necessary for the proper use and enjoyment of the said premises And Together Also with the use in common as aforesaid of the lift escalators and other
facilities (if any) whenever the same shall be operating for the term and at the rent more particularly described and set out in the Third Schedule hereto.

		
	Agreement by Tenant	  	 2.       The Tenant to the intent that the obligations hereunder shall continue throughout the said term of
tenancy hereby covenants with the Landlord as follows:

		
	To pay rent	  	 (a)     To pay the said rent in advance without any deduction and on the days and in manner hereinbefore provided for
payment thereof.

		
	 To pay rates,
 Government Rent
	  	 (b)     To pay and discharge all rates, taxes, government rents (if any) assessments, duties, charges, impositions
and outgoings of an annual or recurring nature now or hereafter to be assessed, imposed or charged by the Government of Hong Kong Special Administrative Region or other lawful authority upon the said premises or upon the owner or occupiers thereof
(Property Tax (if any) only excepted).

			
	To pay other outgoing	  	 (c)     To pay and discharge all charges for gas, water, electricity, telephone rental and other outgoings now or at
any time hereafter consumed by the Tenant and chargeable in respect of the said premises and to make all necessary deposits therefor.

		
	 To pay management and
 other charges
	  	 (d)     To duly pay or discharge the management fee as set out in the Third Schedule hereto or otherwise all
periodical maintenance management or service charges in respect of the said premises payable by the owner or occupier of the said premises in accordance with the provisions of the Deed of Mutual Covenant and Management Agreement of the said
building.

		
	To keep interior in repair	  	 (e)     To keep all the interior of the said premises including the flooring and interior plaster or other finishes
or rendering to walls, floors, windows and ceilings and the said furniture (if any) and the Landlord’s fixtures therein including all doors, windows, drains, pipes, electrical installations and wirings in good, clean tenantable repair and
condition and properly preserved and painted and so to maintain the same at the expense of the Tenant and shall take all precautions to prevent the said premises, the furniture and fixtures (if any) from being damaged by fire, water, storm, typhoon
and to deliver up the same to the Landlord at the expiration or sooner determination of the term in like condition aforesaid. The Tenant shall also repair and replace any window broken or damaged whether or not the damage is caused by the
Tenant’s default.

		
	 To be responsible for loss or
 damage caused by Interior
 Defects
	  	 (f)      To be wholly responsible for any loss, damage or injury caused to any person whomsoever directly or
indirectly through the defective or damaged condition of any part of the interior of the said premises and to make good the same by payment or otherwise and to indemnify the Landlord against all actions, proceedings, claims and demands made upon the
Landlord in respect of any such loss, damage or injury and all costs and expenses incidental thereto.

  

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	 To permit Landlord to enter
 and
view
	  	 (g)     To permit the Landlord and all persons authorized by it at all reasonable times to enter and view the state
of the said premises, to take inventories of the fixtures and fittings therein, to carry out any necessary works or repairs which are required to be done and, during the last three months of the said term, to show the said premises to prospective
tenants or purchasers without interruption to the operation of the Tenant’s business.

		
	 To permit Landlord to repair
 other
premises
	  	 (h)     To permit the Landlord and all persons authorized by him at all reasonable times to enter and carry out any
works or repairs in respect of other premises in or any part of the external walls of the said building PROVIDED that in this connection the Landlord shall be responsible to make good all damage done to the said premises.

		
	 To execute repairs on
 receipt of notice
	  	 (i)      On receipt of any notices from the Landlord or its authorized representatives specifying any works or
repairs which are required to be done and which are the responsibility of the Tenant hereunder forthwith to put in hand and execute the same with all possible dispatch and without any delay. If the Tenant shall not within 14 days after service of
such notices proceed with the execution of such repairs the Landlord may enter upon the premises and execute such repairs and the cost thereof shall be a debt due from the Tenant to the Landlord and be forthwith recoverable by legal action or to be
deducted from the deposit.

		
	 Not to erect install or alter
 partitioning fixtures,
etc.
	  	 (j)      Not without the previous written consent of the Landlord, which consent shall not be unreasonably
withheld and relevant government authorities to erect, install or alter any fixtures, partitioning or other erection or installation outside or within the said premises or any part thereof except for dismantling and removing the partition wall
between Units 03 and 04 as shown on the plan annexed hereto.

  

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	 Not to cut injure maim walls
 etcs.
	  	 (k)     Not to cut maim or injure or permit or suffer to be cut maimed or injured any doors, windows, walls, beams
structural members or any part of the fabric of the said premises nor any of the plumbing or sanitary apparatus or installations included therein.

		
	User of premises	  	 (l)      Not to use the said premises for any purpose other than for the purpose and under the name as described
and set out in the Third Schedule hereto and not to prepare or permit to be prepared any food in the said premises.

		
	 Not to produce music or
 noise
	  	 (m)    Not to produce or permit or suffer to be produced any music noise (including sound produced by broadcasting audible
outside or any apparatus or equipment capable of producing reproducing receiving or recording sound) so as to be a nuisance or annoyance to occupiers of other premises in the said building or in the neighbourhood.

		
	 Not to permit any nuisance
 or
annoyance
	  	 (n)     Not to do or permit or suffer to be done any act or thing which may be or become a nuisance or annoyance to
the Landlord or to the tenants or occupiers of other premises in the said building or in any adjoining or neighbouring building.

		
	 Not to breach Government
 Lease terms or
cause
 Insurance to be avoided or
 premium
increased
	  	 (o)     Not to do or permit or suffer to be done any act, deed, matter or thing whatsoever which amounts to a breach
of any of the terms and conditions under which the said building is held from the Government or whereby any insurance of the said building against loss or damage by fire and/or claims by third parties for the time being in force may be rendered void
or voidable or whereby the premium thereon may be increased Provided That if as the result of any act, deed, matter or thing done permitted or suffered by the Tenant, the premium on any such insurance shall be increased, the Landlord shall entitled
at his option either to terminate this Agreement or to continue the same upon payment by the Tenant of the increased premium and upon such other terms and conditions as the Landlord may, at his discretion think fit to impose.

  

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	 Not to keep arms or
 combustible or hazardous
 goods on premises
	  	 (p)     Not to keep or store or permit or suffer to be kept or stored on or in the said premises any arms ammunition
gunpowder saltpetre kerosene or other explosive or combustible or hazardous goods.

		
	 Not to permit illegal or
 immoral use
	  	 (q)     Not to use or permit or suffer the said premises to be used for any illegal or immoral
purpose.

		
	Not to display signs	  	 (r)      Not to affix or display or permit or suffer to be affixed or displayed within or outside the said
premises any signboard, sign decoration or other device whether illuminated or not which may be visible from outside the said premises without the written consent of the Landlord first had and obtained which consent shall not be unreasonably
withheld and such signboard shall not exceed 16 inches x 10 inches.

		
	 Not to encumber or obstruct
 passages
and common areas
	  	 (s)     Not to encumber or obstruct or permit to be encumbered or obstructed with any boxes, packaging or obstruction
of any kind or nature any of the entrances, staircases, landings, passages, lifts (if any) lobbies or other parts of the said building in common use and not to leave rubbish or any article or thing in any part of the said building not in the
exclusive occupation of the Tenant.

		
	 To observe Deed of Mutual
 Covenant
	  	 (t)      Not to do or cause to be done or suffer or permit any act deed matter or thing whatsoever which shall
amount to a breach or non-observance of the covenants terms and provisions in the Deed of Mutual Covenant Sub-Deed of Mutual Covenant and Management Agreement or any house rules (if any) relating to the said building so far as they relate to the
occupation of the said premises and to indemnify the Landlord against the breach non-observance or non-performance thereof.

		
	Not to assign underlet	  	 (u)     Not to assign, underlet, part with or share the possession o f or transfer the said premises or any part
thereof or any interest therein to and with other persons, nor permit or suffer any arrangement or transaction whereby any person who is not a party to this Agreement shares or obtains the use, possession, occupation or enjoyment of the said
premises or any part thereof

  

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		  	          irrespective of whether any rental or other consideration is given therefor. This
Tenancy shall be personal to the Tenant named in this Agreement and without in any way limiting the generality of the foregoing, the following acts and events shall, unless previously approved in writing by the Landlord be deemed to be breaches of
this Clause:

		
		  	 (i)      In the case of tenant which is a partnership, the taking in of one of more new partners whether on the
death or retirement of an existing partner or otherwise.

		
		  	 (ii)     In the case of a tenant who is an individual (including a sole surviving partner of a partnership tenant)
the death, insanity or other disability of that individual to the intent that no right to use, possess, occupy or enjoy the said premises or any part thereof shall vest in the executors, administrators, personal representatives, next of kin, trustee
or committee of any such individual.

		
		  	 (iii)   In the case of a Tenant which is a corporation, any take-over, reconstruction, amalgamation, merger or voluntary
liquidation, or any change in shareholding or in the person who owns a majority of its voting shares or who otherwise has effective control of ultimate beneficial ownership.

		
		  	 (iv)    The giving by the Tenant of a Power of Attorney or similar authority whereby the donee of the Power obtains the
right to use, possess, occupy or enjoy the said premises or any part thereof or does in fact use, possess, occupy or enjoy the same.

		
		  	 (v)     The change of the Tenant’s business name without the previous written consent of the
Landlord.

		
	 To comply with Ordinances
 etc.
	  	 (v)     To obey and comply with and to indemnify the Ordinances etc. Landlord against the breach of all ordinances,
regulations, bye-laws, rules and

  

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		  	           requirements of any Governmental or other competent authority relating to the
use, occupation and enjoyment of the said premises by the Tenant or to any other act, deed, matter or thing done, permitted, suffered or omitted therein or thereon by the Tenant or any employee, agent or licensee of the Tenant and to notify the
Landlord forthwith in writing of any notice received from any statutory or public authority concerning or in respect of the said premises or any services supplied thereto.

		
	 To pay cost of cleaning
 drains
etc.
	  	 (w)    To pay to the Landlord on demand all costs incurred by the Landlord in cleansing or clearing any of the drains,
pipes or sanitary or plumbing apparatus choked or stopped up.

		
	 To protect interior from
 approaching
typhoon
	  	 (x)     To take all reasonable precautions to protect the interior of the said premises against damage by storms or
typhoons or the like.

		
	Re-instate premises	  	 (y)     Unless the Landlord otherwise agrees in writing, to re-instate and restore the said premises to their
original condition as at the commencement of the Tenancy Agreement dated 6th August 1998 when the Tenant was first
given possession of the Premises and to make good all damage caused or occasioned by the erection and removal of alterations partitions or other erections at the expiration or sooner determination of this tenancy, unless otherwise agreed between the
Landlord and the Tenant.

		
	To yield up premises	  	 (z)     Quietly to yield up vacant possession of the premises together with all fixtures, fittings and additions
therein and thereto and the said furniture (if any) at the expiration or sooner determination of this tenancy in good clean tenantable repair and condition (fair wear and tear excepted) in accordance with the stipulations hereinbefore contained
Provided That where the Tenant has made any alteration or installed any fixtures or additions to the said premises (whether of a non-structural or structural nature) with or without the Landlord’s written consent the Landlord may at its
discretion require the Tenant to remove or do away with such alterations fixtures or additions or

  

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		  	           any part or portion thereof, to make good any damage caused by such alternation or
installation (including but not limited to holes on the ceiling walls or floors of the said premises caused by insertion of nails), and to reinstate the said premises to its original state and condition as at the commencement of the Tenancy
Agreement dated 6th August 1998 (fair wear and tear and removal or installation of electrical or telephone
plugs and installation of blinds excepted).

		
	Pests and infestation	  	 (aa)   To take all reasonable steps and precautions to the satisfaction of the Landlord to prevent the said premises or any
part thereof from becoming infested by termites rats mice cockroaches or any other pests or vermin.

		
	Sleeping or Domestic Use	  	 (bb)   If the user of the said premises is for the Tenant’s business only, not to use the said premises or any part
thereof as sleeping quarter or as domestic premises within the meaning of any ordinance for the time being in force or to allow any person to remain in the said premises overnight unless with the Landlord’s prior permission in writing. Such
permission shall only be given to enable the Tenant to post watchmen to look after the contents of the said premises and the names of the watchmen shall first be notified to and registered with the Landlord.

		
	 To be responsible for
 contractors, servants, agents
 and licensees
	  	 (cc)   To be responsible to the Landlord for the acts, neglects, defaults and omission of all contractors, servants, agents,
licensees, guests, visitors or customers of the Tenant as if they were the acts, neglects, defaults and omission of the Tenant himself and for the purpose of this Agreement, “Licensee” shall include any person present in, using or visiting
the said premises with the consent of the Tenant express or implied.

  

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		  	 (dd)   Before or upon expiry or sooner determination of the tenancy hereby created, to surrender to the Landlord possession of
the said premises and all keys giving access to all parts of the said premises held by the Tenant and to remove at the Tenant’s expense all lettings and characters from all the doors, walls or windows of the said premises and to repair in a
proper and workmanlike manner any damage caused by such removal.

		
	Landlord’s Agreement	  	 3.      The Landlord hereby agrees with the Tenant as follows:

		
	Property Tax	  	 (a)    To pay the Property Tax attributable to or payable in respect of the said premises.

		
	Quiet Enjoyment	  	 (b)     That the Tenant paying the rent and the management fee hereby agreed to be paid on the days and in manner
herein provided for payment of the same and observing and performing the covenants agreements stipulations terms and conditions herein contained and on the Tenant’s part to be observed and performed shall peacefully hold and enjoy the said
premises during the said term without any interruption by the Landlord or any person lawfully claiming under or in trust for the Landlord.

		
	Capital expenses	  	 (c)     To be responsible for payments under the Deed of Mutual Covenant and Management Agreement which are of a
capital and/or non-recurring nature.

		
		  	 4.      IT IS HEREBY FURTHER EXPRESSLY AGREED AND DECLARED as follows:

		
	Re-entry on default	  	 (a)     If the rent and/or management and maintenance charges hereby agreed to be paid or any part thereof shall be
unpaid for fifteen (15) days after the same shall become payable (whether legally or formally demanded or not) or if the Tenant shall fail or neglect to observe or perform any of the covenants, agreements, stipulations terms and conditions herein
contained and on the Tenant’s part to be observed and performed or if the Tenant shall become bankrupt or being a corporation shall go into liquidation (save the voluntary liquidation of a solvent company for the purposes of amalgamation or
reconstruction) or if the Tenant

  

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		  	           shall otherwise become insolvent or make any composition or arrangement with
creditors or shall suffer any execution to be levied on’ the said premises or otherwise on the Tenant’s goods, or the Tenant continues to cause unnecessary annoyance, inconvenience or disturbance to the Landlord after warning in writing
has been served by the Landlord on the Tenant and for the purpose of this Clause, persistent failure to pay rent as and when it falls due shall be regarded as causing unnecessary inconvenience to the Landlord, then and in any such case subject to
the provision of Section 58 of the Conveyancing and Property Ordinance (Cap.219) it shall be lawful for the Landlord at any time thereafter to re-enter the said premises or any part thereof in the name of the whole hereupon this Agreement shall
absolutely cease and determine and the deposit so paid hereunder and as more particularly described and set out in the Third Schedule shall be forfeited to the Landlord to such extent as to compensate any loss in rental and other charges suffered by
the Landlord resulted from such re-entry but without prejudice to any right of action by the Landlord in respect of any outstanding breach or non-observance or non-performance of any of the said covenants, agreements, stipulations, terms and
conditions herein contained and on the Tenant’s part to be observed and performed.

		
	Notice of re-entry	  	 (b)     A written notice served by the Landlord on the Tenant in manner hereinafter mentioned to the effect that the
Landlord thereby exercises the power of re-entry herein contained shall be a full and sufficient exercise of such power without actual physical entry on the part of the Landlord.

		
	 Landlord not liable for
 overflow of water
etc.
	  	 (c)     The Landlord shall not be under any liability to the Tenant or to pay any other person whomsoever in respect
of any loss or damage to person or property sustained by the Tenant or any such other person caused by or through or in any way owing to the overflow of water or the escape of fumes smoke fire or any other calamity or any substance or thing from
anywhere within the said building and the Tenant shall fully and effectually indemnify the Landlord from and against all actions, claims and/or

  

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	 Tenant to indemnify
 Landlord against certain
 claims
	  	          demands made against the Landlord by any person for nuisance, occupiers liability or any
other liabilities arising in the Premises and in respect of any loss, damage or injury caused by or through or in any way owing to the overflow of water or the escape of fumes smoke fire or any calamity or any other substance or thing from the said
premises owing to the neglect or default of the Tenant his servants, agents, licensees or to the defective or damaged condition of the interior of the said premises for which the Tenant is responsible hereunder and against all costs and expenses
incurred by the Landlord in respect of any such claim or demand.

		
	 For purposes of Distraint
 Rent in arrear
not paid in
 advance on due date
	  	 (d)     For the purposes of Part III of the Landlord and Tenant (Consolidation) Ordinance, (Chapter 7) and of these
presents, the rent payable in respect of the said premises shall be and be deemed to be in arrear if not paid in advance at the times and in manner herein provided for payment thereof.

		
	 Condoning by Landlord not
 operate as
waiver
	  	 (e)     No condoning, excusing or waiving by the Landlord of any default, breach or non-observance or non-performance
by the Tenant at any time or times of any of the Tenant’s obligations herein contained shall operate as a waiver of the Landlord’s right hereunder in respect of any continuing or subsequent default, breach or non-observance or
non-performance or so as to defeat or affect in any way the rights and remedies of the Landlord hereunder in respect of any such continuing or subsequent default or breach and no waiver by the Landlord shall be inferred from or implied by anything
done or omitted by the Landlord unless expressed in writing and signed by the Landlord. Any consent given by the Landlord shall operate as a consent only for the particular matter to which it relates and in no way shall be considered as a waiver or
release of any of the provisions hereof nor shall it be construed as dispensing with the necessity of obtaining the specific written consent of the Landlord in the future, unless expressly so provided.

  

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	 Landlord can exhibit Letting
 Notice
during last 3 months
 of term
	  	 (f)      During the last three (3) months of the term hereby created, the Landlord shall be at liberty to affix
exhibit and maintain without interference upon any external part of the’ said premises a notice stating that the said premises are to be let and such other information in connection therewith where the Landlord shall think fit and the Tenant
shall with reasonable prior notice and during normal hours allow the Landlord’s prospective tenant(s) accompanied by the Landlord or his agent to inspect the said premises without interruption to the operation of the Tenant’s
business.

		
	Service of Notice	  	 (g)     Any notice to be served hereunder shall, if to be served on the Tenant, be sufficiently served if addressed
to the Tenant and sent by prepaid post to or delivered at the said premises or the Tenant’s last known place of business or residence in Hong Kong and, if to be served on the Landlord shall be sufficiently served if addressed to the Landlord
and sent by prepaid post to or delivered at the Landlord’s last known place of business or residence in Hong Kong or other address which the Landlord may notify to the Tenant from time to time.

		
	 Service of Legal
 proceedings
	  	 (h)     Any original process including writ or originating summons or otherwise and any other summons or notices in
connection with this Agreement to be served on the Tenant by the Landlord in any legal proceedings or action commenced in any court or tribunal shall be deemed to have been duly and sufficiently served on the Tenant forty-eight (48) hours after
having been sent by ordinary prepaid post to the Tenant at his registered office or usual place of business or abode or at the address of the said premises.

		
	 Tenant agrees to take out
 proper
insurance
	  	 (i)      The Tenant shall take out and maintain a policy or policies of insurance against the risks of fire and
water with an insurance company.

  

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	 Events deemed to be breach
 of
condition
	  	 (j)      Without prejudice to the generality and effect of Clause 4(a) of this Agreement, if any of the
following events or state of affairs should happen or occur, the Tenant is deemed to have committed a breach of condition of this Agreement:

		
		  	 (i)      The Tenant becoming bankrupt;

		
		  	 (ii)     The Tenant being a corporation, going into liquidation;

		
		  	 (iii)   The Tenant making any composition or arrangement with creditors;

		
		  	 (iv)    The Tenant suffering any execution to be levied on the said premises or otherwise on his goods;
and

		
		  	 (v)     The Tenant being otherwise insolvent.

		
	Stamp Duty & Costs	  	 (k)     Stamp duty and registration fees payable at the Land Registry on this Agreement and its counterpart shall be
borne by the parties hereto in equal shares and each party shall bear its own costs.

		
	Legal Costs for enforcement	  	 (l)      The Tenant shall reimburse or pay to the Landlord all reasonable expenses and charges (including legal
costs on a solicitors and client basis) incurred by the Landlord in connection with the demand for payment of any rent in arrear or any outstanding sum to be payable by the Tenant hereunder and enforcement of any other provisions and terms
herein.

		
	Surcharge	  	 (m)    If the Tenant fails to pay any rent or any other sum payable hereunder within 7 days as and when they fall due,
then, without prejudice to any other right or remedy available to the Landlord for such default, the Tenant shall pay to the Landlord interest on the defaulted sum at, whichever is highest, 2% per month or 2% above the prime rate quoted by The
Hongkong and Shanghai Banking Corporation Limited or 2% above one month HIBOR RATE from time to time calculated on a daily basis from the date when such sum falls due to the date of actual payment.

  

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	Definitions	  	 (n)     Unless the context otherwise requires, words herein importing the masculine feminine or neuter gender shall
include the others of them and words herein in the singular shall include the plural and vice versa and the terms “Landlord” and “Tenant” shall include their successors in title (if applicable).

		
	Marginal Notes	  	 (o)     The marginal notes are intended for guidance only and do not form part of this Agreement nor shall any of the
provisions in this Agreement be construed or interpreted by reference thereto or be in any way affected or limited thereby.

		
	Key Money	  	 5.      The Tenant hereby expressly declares that for the grant of the said term no key money or premium or
other consideration other than considerations herein expressly provided has been paid or will be payable to the Landlord or to any person.

		
	 Suspension of rent in case of
 fire etc.
	  	 6.      In the event that the said premises or the said building or a substantial part thereof shall at any time
during the tenancy be inaccessible or so destroyed or damaged owing to fire water storm wind typhoon defective construction white ants earthquake subsidence of the ground or any calamity beyond the control of the Landlord and not attributable to the
act or default of the Tenant so as to be rendered unfit for use and- occupation or being declared unfit for use and occupation or is inaccessible and the policy or policies of insurance effected by the Landlord shall not have been vitiated or
payment of the policy moneys refused in whole or in part in consequence of any act or default of the Tenant or if at any time during the continuance of this tenancy the said premises or said building shall be condemned as a dangerous structure or a
demolition order or closure order shall become operative in respect of the said premises or the said building then the rent hereby stipulated or a fair proportion thereof according to the nature and extent of the damage sustained or order made shall
after the expiration of the then current month be suspended until the said premises or said building shall again be rendered accessible or fit for occupation and use as the case may be And the Landlord shall pay to the Tenant the amount of any such
abatement insofar as the rent shall have been paid in advance provided the amount of such abatement shall be such sum as shall either be agreed between the parties in writing or

  

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		  	          in the event of failure of the parties to reach agreement by a single arbitrator in
accordance with the provisions of the Arbitration Ordinance (Cap.341) or any statutory modification or re-enactment thereof for the time being in force AND provided always that the Landlord shall be under no obligation to reinstate the said premises
whatsoever and provided that if for any of the above causes the said premises are declared unfit for use and occupation or shall remain subject to the said closure order or otherwise remain uninhabitable and not reinstated for a period of three
months, either party may forthwith or within a reasonable time from the occurrence of such damage or destruction or order give to the other of them notice in writing to terminate this present Agreement and the tenancy and everything herein contained
shall determine as from the date of occurrence of such destruction or damage or order or of the premises becoming inaccessible but without prejudice to either party’s rights and remedies against the other in respect of any antecedent claim or
breach of the agreements stipulations terms and conditions herein contained or of the Landlord in respect of the rent payable hereunder prior to the coming into effect of the suspension.

		
	Tenant’s Deposit	  	 7.      

		
		  	 (a)     The Tenant shall on the signing hereof deposit and maintain with the Landlord a rental deposit in the sum as
set out in the Third Schedule hereto to secure the due observance and performance by the Tenant of agreements stipulations terms and conditions herein contained and on the Tenant’s part to be observed and performed. The said deposit shall be
retained by the Landlord throughout the said term free of any interest to the Tenant with power for the Landlord, without prejudice to any other right or remedy hereunder to have the deposit forfeited as provided in Clause 4(a) hereof and to deduct
from the deposit the amount of any costs expenses loss or damage sustained by the Landlord as the result of any non-observance or non-performance by the Tenant of any such agreements stipulations terms or conditions to remedy such non-observance or
non-performance and in which event, the Tenant shall, as a condition precedent to the continuation of this tenancy deposit with the Landlord the amount so deducted failing which the Landlord shall forthwith be entitled to re-enter the said premises
as provided in Clause 4(a).

  

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	Repayment of deposit	  	          Subject to as aforesaid, the said deposit shall be refunded to the Tenant by the
Landlord within fourteen (14) days after the expiration or sooner determination of this Agreement and the delivery of vacant possession to the Landlord or within fourteen (14) days of the settlement of the last outstanding claim by the Landlord
against the Tenant in respect of any breach, non-observance or non-performance of any of the said agreements, stipulations terms or conditions and on the part of the Tenant to be observed and performed whichever is the later.

		
		  	 (b)     During the said term the Tenant shall maintain the said deposit at a sum equal to three months’ rent and
three months’ management fee and three months’ rates and if the management fee and rates shall be increased, the Tenant shall forthwith pay to the Landlord the additional amount to make up such deposit.

		
	 Transfer of Deposit to
 Assignee
	  	 8.      

		
		  	 (a)     If at any time during the said term the Landlord shall assign the said premises subject to and with the
benefit of this Agreement and transfer to the assignee thereof the deposit mentioned in Clause (7) hereof then upon the assignee agreeing to refund the said deposit to the Tenant in accordance with the terms hereof, the Landlord shall be absolutely
discharged and released from its obligation to refund the said deposit to the Tenant and the Tenant shall have no claim against the Landlord in respect thereof.

		
		  	 (b)     The Tenant hereby irrevocably consents to such transfer of deposit aforesaid and undertakes and agrees to
enter into an agreement in such form, with such party or parties and at such time as the Landlord may think fit to give better effect to the provisions of this Clause 8.

  

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	Special Conditions	  	 9.      The parties agree that they shall be bound by the terms and conditions (if any) as set out in the Fifth
Schedule hereto. In case of conflict between the Fifth Schedule and the terms herein, the Fifth Schedule shall prevail.

  

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 THE FIRST SCHEDULE ABOVE REFERRED TO 
 (NAMES ADDRESSES AND DESCRIPTION OF PARTIES HERETO) 
  

			
		
	LANDLORD:	  	SUN WAH MARINE PRODUCTS (HOLDINGS) LIMITED whose registered office is situate at 215-239 Wu Shan Road, Sun Wah Centre, Tuen Mun, New Territories, Hong Kong
		
	TENANT:	  	CHINA TYPE DESIGN LIMITED and ABACUS SYSTEMS COMPANY LIMITED whose registered address is situate at Rooms 2403-04, 24/F, Yardley Commercial Building, 3 Connaught Road West, Sheung Wan, Hong
Kong.

 THE SECOND SCHEDULE ABOVE REFERRED TO 
 (DESCRIPTION OF THE SAID PREMISES) 
 ALL THOSE
COMMERCIAL/OFFICE UNITS in ROOM 2403 and 2404 on the 24TH FLOOR (excluding the external walls thereof) of the
Building now known as YARDLEY COMMERCIAL BUILDING (            ) NO.3 CONNAUGHT ROAD WEST, HONG KONG situated and standing on ALL THOSE piece or parcel of ground registered in, the Land
Registry as THE REMAINING PORTION OF MARINE LOT NO.426, THE REMAINING PORTION OF SECTION B OF MARINE LOT NO.425, THE REMAINING PORTION OF MARINE LOT NO.425, THE REMAINING PORTION OF SECTION A OF MARINE LOT NO.425, THE REMAINING PORTION OF SECTION A
OF MARINE LOT NO.424 and THE REMAINING PORTION OF MARINE LOT NO.424 which office units are coloured yellow on the plans hereto for identification purpose. 
  

 18 

 THE THIRD SCHEDULE ABOVE REFERRED TO 
 (TERM OF LETTING, RENT, ETC.) 
  

			
	Term:	  	ONE YEAR from the 30th day of June 2006 to the 29th day of June 2007 (both days inclusive).
		
	Rent:	  	HONG KONG DOLLARS EIGHTEEN THOUSAND THREE HUNDRED NINETY TWO ONLY (HK$18,3 92.00) per month exclusive of management fees, government rates, water charges, electricity charges and all other
outgoings payable monthly in advance clear of all deductions on the 1st day of each and every calendar month.
		
	Management fee:	  	HK$4,326.00 per month in advance subject to revision as determined by the property manager of the Building from time to time during the Term.
		
	Rates :	  	HK$2,115.00 per quarter subject to revision as determined by the Government from time to time during the term.
		
	Security Deposit:	  	an amount equivalent to 3 months’ rent, 3 months’ management fee and 3 months’ rates or HK$70,269.00, whichever is higher.
		
	User:	  	For lawful office use under the trade or business name “China Type Design Limited” and “Abacus Systems Company Limited” only, as is permitted by the Government Lease or
conditions, the Deed of Mutual Covenant or Management Agreement or any House Rules, and the Occupation Permit.

 THE FOURTH SCHEDULE ABOVE REFERRED TO 
 (INVENTORY OF FURNITURE) 
 As per photographs attached
to the Tenancy Agreement dated 6th August 1998 and the exception attached to the Tenancy Agreement dated
7th June 2000 between the parties hereto. 
  

 19 

 THE FIFTH SCHEDULE ABOVE REFERRED TO 
  

	1.	The Tenant is deemed to be satisfied with the current state and conditions of the said premises and fixtures and finishes (if any) therein and shall take the same on
“as-is” basis. 

  

	2.	Notwithstanding anything hereinbefore provided all sums payable by the Tenant under this Agreement shall be paid to such person(s) or corporation(s) and in such manner as the
Landlord may from time to time designate or prescribe in writing. 

  

 20 

 IN WITNESS WHEREOF this Agreement has been duly executed by the parties hereto on the day and year first
above written. 
  

					
	SIGNED BY Tsoi Sin Lan Mazie	 	)	  	For and on behalf of
	for and on behalf of the Landlord	 	)	  	SUN WAH MARINE PRODUCTS (HOLDINGS) LIMITED
	in the presence:	 	)	  	/s/ Tsoi Sin Lan Mazie                    
		 		  	Authorized Signatory
			
	SIGNED BY Chin Tak Chiu	 	)	  	For and on behalf of
	for and on behalf of the Landlord	 	)	  	CHINA TYPE DESIGN LIMITED
	in the presence:	 	)	  	/s/ Chin Tak Chiu                        

  

							
			
	RECEIVED the day and year first above written from the	 	)	 	For and on behalf of
	tenant the sum of DOLLARS ONE THOUSAND SIX	 	)	 	SUN WAH MARINE PRODUCTS (HOLDINGS)
LIMITED
	HUNDRED FOURTEEN ONLY being the additional	 	)	 	/s/ Tsoi Sin Lan Mazie                    
	deposit money for the difference between the security	 	)	 	Authorized Signatory
	deposit in the previously signed the Tenancy Agreement	 	)	 		  	
	dated 9th July 2001 and the new deposit in this
Tenancy	 	)	 		  	
	Agreement above expressed to be paid by the Tenant to the Landlord	 	)	 	HK$1,614.00	  	
		 		 	 	  	

  

 21 

 Dated the 10th day of July, 2006 
 SUN WAH MARINE PRODUCTS
(HOLDINGS) LIMITED 
 and 
 CHINA
TYPE DESIGN LIMITED and 
 ABACUS SYSTEMS COMPANY LIMITED 
  

 TENANCY AGREEMENT 
  

			
	
	Commercial / Office unit on portion of
	
	Rooms 2403-04 on the 24TH FLOOR
	
	Yardley Commercial Building
	
	No.3 Connaught Road West
	
	Hong Kong
		
	Term:	 	One (1) year expiring on 29th June
2007
		
	 Rent:
	 	 HK$18,392.00 exclusive of
 Rates and Management
Fees

  

  

 22LEASE BETWEEN LINOTYPE GMBH AND HEIDELBERGER DRUCKMASCHINEN AG

 Exhibit 10.25 
 (English translation from the German original) 
 LEASE AGREEMENT FOR COMMERCIAL SPACE 
 Ø Steinert [illegible] 
 between 
 DU PONT DE NEMOURS (Deutschland) [Germany] GMBH 
 Bad Homburg v.d.H. [Bad Homburg von der Höhe] 
 -hereinafter referred to as the “Lessor”- 
 and 
 LINOTYPE-HELL AG 
 Eschborn 
 -hereinafter referred to as the
“Lessor”- 
  

	1.	OBJECT OF THE LEASE 

  

	1.1	The Lessor leases in its administrative building on Du Pont-Str. 1 in 61352 Bad Homburg v.d.H. the office spaces identified in Attachment 1 on the first floor for the
operation of a sales, administration, training and service location and the cellar spaces and storage spaces identified in Attachment 1. The space being leased out as office spaces amounts to a total of 1,750 m2 (238 axles). This
includes all ancillary spaces inside and outside the leased space. The space leased out as cellar space amounts to a total of 100 m2, and the space leased out as storage space also amounts to a total of 100 m2. 

 The Lessee is entitled to use the pantries and restroom facilities identified in Attachment 1, as well as 80 (in words: eighty) employee parking
spaces in the parking lot behind the administrative building. 
  

	1.2	Upon transfer of the lease object to the Lessee the contract parties shall draw up a written protocol of transfer, which is to be signed by both parties. 

 

	1.3	Building access cards will be given to the Lessee by the Lessor for each of the Lessee’s employees working in the leased spaces. They will be billed to the Lessee at the
Lessor’s cost price per card of DM 12.50 incl. VAT. The building access cards shall remain the property of the Lessor. The Lessor’s rules concerning handling the cards and their replacement in the event of loss, damage etc. (Attachment
2) apply analogously. 

  

			
	[initials]	  	[initials]

 The Lessee shall indemnify the Lessor from any damages caused to him or a third-party on account of
damage, loss or unauthorized use of the card. The Lessee shall bear the burden of proof to demonstrate it is not the fault of the Lessee. 
  

	1.4	Use of, e.g., the conference center, company restaurant, travel agency, including cashier, medical clinic and other office services (services offered can be found in Attachment
4) is exclusively subject to an additional agreement to be concluded separately. In emergencies the Lessee shall have access to the Lessor’s medical clinic even if there is no special agreement concerning its use. 

 

	2.	LEASE TERM, CANCELLATION 

  

	2.1	The lease shall begin on 08/01/1997 and shall automatically end on 07/31/2002. The Lessee has the right to renew the lease by five (5) years by unilateral declaration
(“Option right”). The option right must be exercised by 10/31/2001 by means of written notification to the Lessor. 

 If the option right is exercised by the Lessee and the lease agreement is not cancelled in writing by one of the parties within nine (9) months to 07/31/2007, the lease shall convert into an unlimited lease on 08/01/2007 which may be
cancelled at any time by either party within nine (9) months to the end of the calendar month. 
  

	2.2	Notification of cancellation must be received in writing by the third business day of the first month of the cancellation period. In the event of cancellation due to arrears of
rent, the rent shall also include ancillary costs. 

  

	2.3	The Lessor shall offer in writing the Lessee any office space that becomes available to rent in the administrative building during the lease term. The Lessee shall notify the Lessor
within two months after receipt of the offer as to whether it accepts the offer. 

  

	3.	RENT 

  

	 3.1
	 For the lease term of 08/01/1997 through 07/31/2002 the rent for office space shall be DM 22.00 per m2 a month (in words: twenty-two), i.e., a total of DM 38.500.00 (in words: thirty-eight thousand, five hundred), DM
10.00 per m2 for cellar space (in words: ten), i.e., DM 1,000.00 in total (in words: one thousand) as well as
DM 13.00 per m2 for storage space (in words: thirteen), i.e., DM 1,300.00 in total (in words: one thousand three hundred). 

  

			
	[initials]	  	[initials]

  

 -2- 

 In addition to paying rent for office and cellar/storage space under this clause, there shall be an
additional fee for the use of forty (40) employee parking spaces. The rent for one parking space is DM 70.00 a month (in words: seventy). 
  

	3.2	Should the Lessee exercise its option right, the rent for the period from 08/01/2002 through 07/31/2007 may be reset if one of the parties desires this to occur and such desire has
been communicated to the other contract party in writing by 12/31/2001 at the latest. 

 If the contract parties do not agree to
a new rent by 03/31/2002, at the request of one or both parties an expert appointed as arbitrator by the Chamber of Commerce and Industry in pursuance of §317 BGB [Civil Code] shall decide at his or her own discretion if and to what amount a
change in rent should take effect. At that point the new rent shall be binding for both parties from the first of the next month after requesting the contract partner to comply with a change. The costs of this process shall be borne by the parties
in proportion to their success and failure as compared to the state of negotiations before referring the case to the Chamber of Commerce and Industry. 
  

	3.3	The following ancillary costs are not included in the above rent and are therefore payable separately as lump sums and/or as installment payments: 

  

			
	 •       Heat/water/sewage/ insurance/property tax
	  	1.00 DM per m2
	 •       Security/reception
	  	1.50 DM per m2
	 •       Facility services of Attachment 3
	  	2.50 DM per m2

 The lump sums for the ancillary costs “heat/water/sewage/insurance/property tax” and the
installment payment for “electricity” may be reset by the Lessor in writing with three months prior notice at the beginning of a calendar month. The Lessor shall provide reasons for the requested change. 
 The lump sums for the ancillary costs “security/reception” and “facility services” are fixed until 07/31/2002. After that point new
contract terms for these lump sums can be stipulated. Clause 3.2 applies analogously to the change in the lump sums for these ancillary costs. All other ancillary costs (with the exception of electricity - see below) are included. Those ancillary
costs will not be billed. 
  

			
	 •       Electricity
	  	TBD DM per m2

 The costs for electricity shall be billed annually based on the area of the lease
object based on consumption according to an installed meter. 
 [Handwritten:] The Lessee shall make monthly installment payments
on this of DM 4300.00. 
  

			
	[initials]	  	[initials]

  

 -3- 

	3.4	Rent is due by the third business day of each month at the latest and payable at no cost to the bank account disclosed to the Lessee by the Lessor. Unless stipulated otherwise the
ancillary costs shall be payable along with the rent. Prompt payment is not defined by when the money was sent, but by when the money was received. 

  

	3.5	If the Lessee is in arrears in the payment of the rent, then payments shall be applied first to claims that are in danger of becoming time-barred, then to costs, interests and other
debts, unless the Lessee arranges different terms. 

  

	3.6	The Lessee may only exercise a claim for a reduction in the rent if it has notified the Lessor hereof in writing at least one month before the rent due date.

  

	3.7	Retaining rent payment and using rent payment for the purpose of offsetting due to claims from another debt is precluded unless it concerns undisputed claims or claims which have
been determined to be legally valid. 

  

	4.	ANCILLARY RIGHTS AND OBLIGATIONS OF THE LESSEE 

  

	4.1	The Lessor or/and its authorized representative may enter the leased spaces during business hours, after giving prior timely notification, in order to inspect the condition of the
leased spaces or for other important reasons. The Lessor shall be authorized to access the leased spaces at any time of the day or night in the event of danger. 

  

	4.2	The Lessee will ensure that its confidential documents are sealed by its employees after leaving the offices and kept inaccessible to third parties. 

  

	4.3	The Lessee shall comply with the facility rules and regulations (Attachment 2) at all times and properly instruct its employees on those rules. 

  

	4.4	The Lessee is entitled to install exterior advertising at its own cost on the freestanding advertising equipment located on the property as well as on the billboard located
immediately next to the main entrance (a maximum of 2 company names each). The appearance of the exterior advertising must be approved in advance by DuPont. 

  

	5.	HEATING 

 The office space will be heated
daily from 7 a.m. to 7 p.m. to an extent that is customary for the Lessor itself (approx. 20°C room temperature). 
  

			
	[initials]	  	[initials]

  

 -4- 

 Heat and/or backup heat cannot be demanded in the event of disruptions, force majeure, orders from public
officials or in the event of some other service incapacity (e.g., fuel shortage), unless such incapacity is due to malice or gross negligence on the part of the Lessor. The rights of the Lessee from §537 BGB shall remain in full force. The
Lessee shall not be entitled to compensation for damages unless the Lessor acted maliciously or out of gross negligence. The Lessor must remedy any disruptions immediately. 
  

	6.	UTILIZATION OF THE LEASE OBJECT/SURRENDER OF USE 

  

	6.1	The Lessee may only use the lease object for purposes and lines of business different than those set forth in Clause 1 with the written permission of the Lessor; it is not allowed
to entirely or partially cease business operations. 

  

	6.2	Without the written permission of the Lessor the Lessee has neither the right to sublease the lease object nor surrender use of the lease object to third parties. The permission of
the Lessor shall only be valid for the specific case and that permission may be withdrawn for important reasons. 

  

	6.3	The Lessee herewith transfers, in anticipation of any surrender of use of the lease object to a third party, the receivables it has on the sublessee including any right of pledge to
the amount of the rent demanded by the Lessor as surety. 

  

	6.4	The Lessor is not required to provide access to and/or keep building equipment for community use in operation beyond regular operating and business times. 

 

	6.5	The Lessor shall provide any licenses relevant to the building for the operations of the Lessee and keep them up to date. 

  

	7.	OFFICIAL LICENSES, DANGER FROM EQUIPMENT AND INSTALLATIONS OPERATED BY THE LESSEE 

  

	7.1	The Lessor assumes no liability for the issuing of commercial licenses for the intended business and/or for the continuity of licenses issued. This applies especially to
concessions; [sic] requirements imposed by commercial authorities or other agencies are to be fulfilled by the Lessee at the its own expense. 

  

	7.2	Clause 7.1 shall not apply, however, if the quality and location of the lease object is not appropriate for the contracted purpose. 

  

			
	[initials]	  	[initials]

  

 -5- 

	 7.3
	 The permissible load limit on the storey floors for installing machines, heavy objects, other equipment and
installations is 250 kg/m2. The Lessee shall be liable for damages caused by noncompliance with the permissible load
limit. The Lessee shall be liable for all equipment and installations operated or brought onto the premises by the Lessee. Should unacceptable detriment or incompatibilities result from the installation or operation of equipment and installations of
the Lessee, the Lessee shall be required, to the extent it is unable to find a remedy, to remove them and/or discontinue their operation. 

  

	8.	MAINTENANCE AND REPAIR OF THE LEASE OBJECT 

  

	8.1	The Lessee is to provide for sufficient cleaning, ventilation and heating of the lease object and to care for the spaces and installations and keep them free of pests.

  

	8.2	The Lessee is liable to pay compensation for any damage to the object of the lease and the building as well as any equipment that belongs to the leased spaces or the building if
they were caused by the Lessee or people who are involved in its business as well as sublessees. This also applies to damage caused by visitors, vendors and workmen, to the extent they are auxiliary personnel of the Lessee. 

 

	8.3	The Lessee must immediately notify the Lessor of any damage that occurs in or to the object of the lease. The Lessee shall be liable to pay compensation for any subsequent damage
caused by untimely notification. 

  

	8.4	The Lessor shall not be liable for damages suffered by the Lessee to objects and furnishings which belong to it, no matter what the type, cause, duration and scope the consequences,
unless the Lessor caused the damages deliberately or through gross negligence. 

  

	9.	CHANGES TO AND IN THE OBJECT OF THE LEASE BY THE LESSOR 

  

	9.1	Changes to and in the object of the lease, in particular fittings and conversions, installation and the like, can only be made with the written permission of the Lessor (condition
of the object of the lease: Attachment 1 and Protocol of Transfer of Clause (1.2)). At the request of the Lessor, the Lessee shall be required to remove the fittings or conversions entirely or partially in the event it vacates the object of the
lease, and to return the object of the lease to its previous condition, without any requirement for a precondition of approval from the Lessor. 

  

			
	[initials]	  	[initials]

  

 -6- 

	9.2	If at the end of the lease the Lessee wishes to remove furnishings with which it has furnished the object of the lease, it must first offer them to the Lessor. When doing so the
Lessee must communicate its asking price and verify the reinstatement costs and time that would be spent for such reinstatement. If the Lessor desires to take over the furnishings, it must pay the Lessor a reasonable compensation.

  

	9.3	Gas and electrical devices may only be connected to the existing network after a safety test has been performed by the Lessor’s department of building services. The Lessee
shall not incur any additional costs for the safety test. This does not include standard devices from the product program of the Lessee that are brought into the object of the lease only briefly for test runs. 

  

	10.	COMPETITION CLAUSE 

 During the term of the
lease agreement the Lessor shall not lease any space at the administrative building Du Pont Str. 1 in 61352 Bad Homburg v.d.H. to third parties whose products stand in direct competition with the products of the Lessee. 
  

	11.	TERMINATION OF THE LEASE 

  

	11.1 	The Lessee must return the object of the lease in a clean condition. If the Lessee fails to meet this requirement or fails to meet it in a timely fashion, the Lessor may have the
object of the lease cleaned at the Lessee’s expense. 

 The move-out obligation of the Lessee extends to all objects in the
leased area, to the extent they do not belong to the Lessor. If the Lessee does not meet this requirement, the Lessor shall have the right to have such objects removed at the expense of the Lessee. There is no compulsory safekeeping requirement for
the Lessor. 
  

	11.2 	If the lease ends due to termination without notice by the Lessor, then the Lessee shall be liable for the loss in rent resulting from the object of the lease standing empty until
expiry of the agreed lease term or if the previous rent cannot be achieved for the new rental. 

  

	11.3 	The Lessee must return all access cards to the Lessor at the end of the lease term. 

  

			
	[initials]	  	[initials]

  

 -7- 

	12.	ADDITIONAL AGREEMENT 

 It is understood that
Linotype-Hell AG does not require the lease spaces for its own offices, but for its subsidiaries 
 Linotype Library GmbH 
 Linotype-Hell Color Publishing Solutions GmbH 
 or others and that it shall sublease the leased spaces to them. The Lessor agrees to this sublease. Clause 6 does not apply. 
 The
Lessor is also aware that the plan is soon to merge Linotype-Hell AG into its majority shareholder, Heidelberg Druckmaschinen AG, which will then enter within the scope of universal succession into all rights and obligations of Linotype-Hell AG and
thus into this lease agreement as well in place of Linotype-Hell AG. 
  

	13.	CONTRACT AMENDMENTS 

 Secondary agreements,
amendments, additions and cancellation of the contract including this clause are required in writing in order to be valid. 
 Bad Homburg v.d.H.,
[handwritten:] 06/12/97 
 DU PONT DE NEMOURS (Deutschland) GMBH 
                             ppa. 

					
			
	[signature]	 	 	 	[signature]
	Dr. M.H. Bobzien	 		 	M. Gant

 Eschborn, [handwritten:] 06/13/1997 
 LINOTYPE-HELL AG 

					
			
	[signature]	 	 	 	[signature]

  

					
	Attachments:	  	Attachment 1:	  	Plan
		  	Attachment 2:	  	Facility rules and regulations
		  	Attachment 3:	  	Facility Services
		  	Attachment 4:	  	Special Clauses

  

 -8- 

 [letterhead] 
 Du Pont de
Nemours 
 (Deutschland) GmbH 
 Du Pont-Str. 1 
 61352 Bad Homburg 
 06/13/97 
 Lease contract for commercial space 
 Dear Sirs: 
 Attached please find both original copies of the contract, which we—as discussed on the phone—have amended on page 3 with respect to the billing for energy
consumption. Please also initial this change for your part and return one of the original copies to us for our files. 
 As a matter of proper form we would also like to confirm the result of the meeting with Mr. M. Gant of your offices on June 12th, according to which your company is granting us discounts on the rent, which are itemized in a memorandum dated 6/12/1997, to the total amount of DM 442,775.00 in the form of five “free
months” and omission of a broker’s fee. 
 Best regards, 
 Linotype-Hell AG 
 Department of Contracts and Legal Mattes 
 [signature] 
 Dr. Volker Stückradt 
 [footer]

 1. Rent 
  

			
	1750 m2 x 22.00 Dm/m2 Mon x 60 Mon	  	2310.00 DM

 Period of August 1997 through December 1997 
  

																							
	./.	  	1750	  	m2	  	x	  	22.00	  	DM/m2	  	Mon	  	x 5	  	Mon	  	192,500	  	DM	  	Rent
	./.	  	1750	  	m2	  	x	  	5.00	  	DM/m2	  	Mon	  	x 5	  	Mon	  	43,750	  	DM	  	Ancillary costs
	./.	  	40	  	PP	  	x	  	70.00	  	DM/Mon	  		  	x 5	  	Mon	  	14,000	  	DM	  	Parking space
	./.	  	100	  	m2	  	x	  	10.00	  	DM/m2	  	Mon	  	x 5	  	Mon	  	5,000	  	DM	  	Cellar
	./.	  	100	  	m2	  	x	  	13.00	  	DM/m2	  	Mon	  	x 5	  	Mon	  	6,500	  	DM	  	Storage
	./.	  	1750	  	m2	  	x	  	5.50	  	DM/m2	  	Mon	  	x 5	  	Mon	  	48,125	  	DM	  	Services
	./.	  	One-time payment	  		  		  		  		  	132,900	  	DM	  	M-commission
		  	Subtotal	  		  		  		  		  	442,775	  	DM	  	
		  	Total	  		  		  		  		  	1,867,225	  	DM	  	

 Total rent payment 1,867,225 DM 
 Rental space 1750 m2 x Full term of 60 months                         = 17.78 DM/m2 a
month 
 (Additionally an “AVOIDED COST” of about 60,000 DM over the term of the lease agreement by affixing the rent in writing). 

2. Total rent: 
 Du Pont-Str. 1 

			
	1,750 m2 x 17.78. DM/m2 per month x 60 months	  	1,867,225 DM

 Alternatively 

			
	1,750 m2 x 18.37 DM/m2 per month x 60 months	  	1,928,850 DM

 [initials] 
 Manfred Gant 
 June 12, 1997 
 [signature] 

 1ST SUPPLEMENTAL CLAUSE 
 TO THE LEASE
AGREEMENT FOR COMMERCIAL SPACE 
 BETWEEN 
 DU PONT DE NEMOURS (DEUTSCHLAND) GMBH 
 AND 
 LINOTYPE-HELL AG 
 OF JUNE 13, 1997

  

	1.	Clause 1.1 of the Lease Agreement is supplemented as follows: 

  

	 	 •
	 	 the space leased as office space is being upgraded effective September 1, 1997 by the amount of space identified in
Attachment 1 (C), i.e., by 125 m2 to a total of 1,875 m2 of office space, 

  

	 	 •
	 	 the space leased as cellar space is being upgraded effective September 1, 1997 by the amount of space identified in
Attachment 1 (A), i.e., by 224 m2 to a total of 324 m2 of cellar space, 

  

	 	•	 	 the space leased as storage space is being cancelled effective September 1, 1997, 

  

	 	 •
	 	 technical space 13 m2 in size on the ground floor north is being additionally leased effective September 1, 1997 in the location identified in Attachment 1 (B) (room no. B-309) to be used as a photography
laboratory. 

 There will be no additional employee parking spaces in the parking lot behind the administrative building.

  

	2.1.	The rent set forth in Clause 3.1 

  

	 	•	 	 for office space is being increased for each month effective September 1, 1997 by 2750.00 DM 

 (in words: two thousand, seven hundred and fifty) to a total of 41,250.00 DM 
 (in words: forty-one thousand, two hundred and fifty), 
  

	 	•	 	 for cellar space is being increased for each month effective September 1, 1997 by 2240.00 DM 

 (in words: two thousand, two hundred and forty) to a total of 3240.00 DM 
 (in words: three thousand, two hundred and forty), 
  

	 	•	 	 is being cancelled effective September 1, 1997 for storage space. 

  

	 2.2
	 The rent for the technical space shall be 25.00 DM per m2 per month (in words: twenty-five), i.e., a total of 325.00 DM (in words: three hundred twenty-five) 

 [initials] 
 ../2 

	3.	Otherwise the terms of the lease agreement of June 13, 1997 shall remain unchanged. They shall apply without limitation to the additional space leased as office space, in
particular Clauses 2 and 3.3. 

 In the case of the technical space, however, with the exception of “electricity” the
ancillary costs shall be contained in the rent. An installment payment is to be paid for “electricity.” 
 Bad Homburg v.d.H., [handwritten:]
06/11/97 
 [signature] ppa. [signature] 
 Du
Pont de Nemours (DEUTSCHLAND) GmbH 
 Bad Homburg v.d.H., [handwritten:] 11/7/97 
 [signature] 
 HEIDELBERGER DRUCKMASCHINEN AG 
  

 -2- 

 16[illegible] 
 2nd SUPPLEMENTAL CLAUSE 
 TO THE LEASE AGREEMENT FOR COMMERCIAL SPACE 
 BETWEEN 
 DU PONT DE NEMOURS
(DEUTSCHLAND) GMBH 
 AND 
 LINOTYPE-HELL AG 
 OF JUNE 13, 1997 
  

	 1.
	 Clause 1.1 of the lease agreement is being supplemented to the effect that as of June 1, 1998 15 m2 of storage will be leased (Attachment 1 D). 

  

	2.	The rent referred to in Clause 3.1 for storage space shall amount to DM 195.00 effective June 1, 1998. 

  

	3.	Otherwise the terms of the lease agreement of June 13, 1997 shall remain unchanged. 

 Bad Homburg v.d.H., [handwritten:] June 22, 1998 
 [signature] ppa. [signature] 
 DU PONT DE NEMOURS (DEUTSCHLAND) GMBH 
 Bad Homburg v.d.H.,
[handwritten:] 07/08/98 
 [signature] 
 HEIDELBERGER
DRUCKMASCHINEN AG

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