Document:

Factory
premises lease rental agreement

    

    Party
A:NIVS (HZ)
Audio and Video Tech.Co.,Ltd

     

    Party
B:Hyundai
Light & Electric (HZ) Co.,Ltd

    

    Through
consultation between both parties,Party A will lease
the item which located in  no.29-31 huanzhen west road shuikou town
huizhou city to the Party B, both parties hereby agree upon the following
terms:

    

    Article
1:  The leasing item is the workshop and the dormitory( total area is
5000m2), and
the facilities of water ,power. Party A should have all the formalities that
governments needed under the fire-fighting law. The lease term is three years
(from July.1 2010 to June.30 2013)

    

    Article
2:  Party B should pay to Party A accouding
to  RMB5.00/m2, total
RMB25000.00 (Chinese Dollars twenty five thousand) for factory premises
rents.

    

    Article
3: During the period of using the workshop and the dormitory, Party B should
maintain the fixed assets of Party A. Party B shall not change the construction
of the leasing items. If there is any artificial damage, then all the
expenses of reformation or improvement will be undertaken by party
B.

    

    Article
4: During the period of using the workshop and the dormitory, Party B
should use according to the law and should not sublease to others. Otherwise,
Party A has the right to terminate this agreement as Party B has broken the
agreement.

    

    Article
5: During the period of using the workshop and the dormitory, Party B should be
in accordance with the law to pay all the charges on time.

    

    Article
6: During the period of using the workshop and the dormitory, if there is any
man-made accidents which cause any loss, party B should undertakes the loss by
himself.

    

    Article
7: If Party B wants to terminate this agreement while the lease term is over, he
should inform the other side three months in advance, and to submit the payment
for the last three months.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Article
8: While collecting rents, Party A should provide the Official tax invoice to
the Party B for credit basis.

     

    Article
9: Both parties should follow this aggrements. Any disputes arising from the
contract shall be solved through consultation. In case no resolution is reached,
either party can bring a lawsuit before the court.

    

    Article
10: This agreement is in duplicate. Each party shall have one copy. This
agreement will come into effect upon both parties’ signature.

     

    
      
        	
                Party
      A:

              	
                Party
      B:

              
	
                NIVS
      (HZ) Audio and Video Tech.Co.,Ltd

              	
                Hyundai
      Light & Electric (HZ)
Co.,LtdUnassociated Document

     

    
      WARRANT CANCELLATION
AGREEMENT

       

      THIS
WARRANT CANCELLATION AGREEMENT (this “Agreement”) is made
and entered into as of this 14th day of June, 2010, by and between China
Intelligent Lighting and Electronics, Inc., a Delaware corporation (the “Company”), and
WestPark Capital Financial Services, LLC (“WCFS”).

       

      RECITALS

       

      WHEREAS,
the Company conducted a Share Exchange transaction on January 15, 2010, and WCFS
and the Company entered into that certain Share and Warrant Cancellation
Agreement dated January 15, 2010 in connection therewith; and

      

      WHEREAS,
the Company is conducting a public offering and WCFS and the Company desire that
in connection with the furtherance of conducting such offering, WCFS agrees to
further cancel currently outstanding warrants held by WCFS to purchase 350,000
shares of common stock of the Company at a per share price of $0.0002 per shares
(the “Warrants”), where
such aforementioned cancellations shall occur only upon the closing of the
public offering that the Company is currently conducting (the “Public
Offering”).

      

      NOW,
THEREFORE, for and in consideration as set forth in this Agreement and in the
Share and Warrant Cancellation Agreement dated January 15, 2010, and the payment
of good and valuable consideration pursuant to the such agreements, the receipt
and sufficiency of which is hereby acknowledged, the Company and WCFS, each
intending to be legally bound by this Agreement, hereby agree as
follows:

      

      AGREEMENT

      

      1.  DUTIES

       

      1.1  Rights and Obligations of
the Parties.  The parties shall be entitled to such rights and
shall perform such duties as set forth herein. 

       

      1.2 Cancellation of
Warrants.  On the settlement date of the Public Offering, the
Warrants shall be deemed automatically cancelled.  WCFS agrees to
execute any and all documents as the Company reasonably determines necessary to
effect the cancellation of the Warrants pursuant to the terms of this
Agreement.

       

      2.  MISCELLANEOUS

       

      2.1  Transferability.  None
of the rights and obligations of the Stockholders hereunder shall be
transferable.

       

      2.2  Construction.  The
validity, enforcement and construction of this Agreement shall be governed by
the laws of the State of Delaware, regardless of the laws that might otherwise
govern under applicable principles of conflicts of laws thereof.

       

      2.3  Binding
Effect.  This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective heirs, legatees, assigns and
transferees, as the case may be.

       

      2.4  Severability.  If
any provision or section of this Agreement is determined to be void or otherwise
unenforceable, it shall not affect the validity or enforceability of any other
provisions of this Agreement which shall remain enforceable in accordance with
their terms.

       

      2.5  Interpretation.  The
headings and subheadings contained in this Agreement are for reference only and
for the benefit of the parties and shall not be considered in the interpretation
or construction of this Agreement.  This Agreement shall be construed
and interpreted without regard to any rule or presumption requiring that it be
construed or interpreted against the party causing it to be
drafted.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      2.6  Execution in
Counterparts.  This Agreement may be executed in any number of
counterparts (including facsimile counterparts), each of which shall be deemed
to be an original, but all of which together shall constitute one and the same
instrument.

       

      2.7  Amendments.  This
Agreement may be amended from time to time but only by written agreement signed
by all of the parties hereto.

       

      2.8 Entire
Agreement. This Agreement
constitutes the entire understanding and agreement of the parties relating to
the subject matter hereof and supersedes any and all prior understandings,
agreements, negotiations and discussions, both written and oral, between the
parties hereto with respect to the subject matter hereof.

       

      [Signatures
appear on following page]

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      IN
WITNESS WHEREOF, the parties have executed this Warrant Cancellation Agreement
as of the day and year first above written.

      

       

      
        

        
          
            
              
                	
                        CHINA
      INTELLIGENT LIGHTING AND ELECTRONICS,
      INC.,

                      
	 
      
	 
	 
	
                        By: 

                      	
                        /s/  Li
      Xuemei

                      
	
                        Name:    Li
      Xuemei

                      
	
                        Title:      CEO

                      
	 
      
	 
	 
	
                        WESTPARK
      CAPITAL FINANCIAL SERVICES, LLC

                      
	 
	 
	 
      
	
                        By: 

                      	
                        /s/  Richard
      Rappaport

                      
	
                        Name:    Richard
      Rappaport

                      
	
                        Title:      Chief
      Executive Officer and
ChairmanLease
agreement

       

      Lessor
(hereinafter called Party A):Hu Guilan (ID No.420526198403011421)

      

      Lessee
(hereinafter called Party B): Hyundai Light & Electric (HZ)
Co.,Ltd

      

      Through
consultation by both parties,Party B will lease
Party A’s item,which located in Nanshan Industry Park,Jianghai District
,Jiangmen City, Both parties hereby agree upon the following terms:

      

      Article
1: Factory and Facilities

      

      1. The
leasing item is the workshop and the office ( total area is 1710m2). Which
covers 1560m2,150m2respectively.

       

      2.Monthly
rents should be CHINESE DOLLARS ELEVEN THOUSAND NINE HUNDRED AND SEVENTY (¥11,970.00).Exclusive
of lease invoice tax and real property tax which will be paid by Party
B

       

      3. The
facilities Party A rent is just for manufacturing , Party B can change it’s
operation applicable functions with written consent from Part A and
corresponding approval from government authorities . in addition ,Part B should
pay the expensse rising from that.

      

      4.Party A
shuld gureentee the leasing items are compliance with state constructure quality
standard and safty for use .

      

      Article
2: Lease term is two years, from April.5,2010 to April.5, 2012.

      

      Article
3: Payment

      

      Rents
should be payable in advance on the fifth day ,othwise Party A has the
right to take back the leasing items, and Party B should return the leasing
items on time and be responsible for the rising legal proceeding.

      

      Article
4: Rent deposit and payment for rent:

      

      1. On
signing date of this agreement, Party B should pay TWENTY THREE THOUSAND NINE
HUNDRED AND FOURTY (¥23,940.00) as the
rent deposit to Party A.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      2. If the
Lease term is over and Party B doesn’t want to continue, in the event that Party
B has pay all the rents and maintain the good condition of the leasing item,
Party A should return the rent deposit which free of interest to the Party B,
and the rent deposit cannot use as the rent durling the lease term. ,If
Party B violates the regulation on this agreement which resulted that Party A
couldn’t collect the rent on time or causing other fees, Party A has the right
to hold partly or all the rent deposit to defray.

      

      3. If
Paryt A wants to terminate this agreement before the lease term, he should
give written notice in 30days advance with double rent deposit will be returned
to Part B.

      

      Article
5:Breach of lease agreement

      

      1. Part B
transfer all or part of facilities to the third part without’s written consent
from Party A.

      

      2. Party
B change nature of  the construction structure or extend the
factory.

      

      Article
6: Related fees during lease term

      

      1. During
lease term, the maintain and repair fees should be paid by the Party B. The
labor fees ,repair ,and power fees,insurance fee and merchanic
maintainence.

      

      2. Part B should processing
related conmmercial and tax certificates .Public security fee , Water and electricity charges,
hygienic expense, property management fee should be shared equally by Party A
and Party B.

      

      3. Paryt
A responsible for the normal factory and facilities maintainence
..

      

      Paryt B
should be payable for the excess water and electricity usage Part A stipulated (
including 40 kilowatt
electricity )

      

      Article
7:  During lease term, Party B engages in projects which have economic,
political and legal liability, fire safety accident liability, and running
projects causing all the fees,taxes, certificates, decorates and so on,will be
in charge for the Party B and there is no any relationship with Party A. Party B
cannot use this floor as the lending pawn or sublease,otherwise Party B should
be entitiled to recover the losses and responsible for rising legal
proceeding.

      

      Article 8: In case of force majeure such as natural disasters case Part be can not maintain
manufacturing , this agreement is bound to termination ,and both party dispense from liability
.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
9:
In the
event that the
facilities Party
B rentd
force to
demolition
and relocation for the
government construction plan , Party
A
should service of written notice of 30 days in advance (subject to
government demolition and relocation deadline) to Party B,Party B should
remove in time and both party dispense from liability.

      

      Article
10. Party A have rights randomly deal with the left property when the agreement
terminated two weeks and Party B do not remove its assets like facilities and
materials .

      

      Article
11. When the Lease term is over, if Party B wants to lease the floor
without changing its usage, on the same rent condition, Party B has the priority
right to rent.

      

      Article
12: In case of any thing not covered here,supplementary clauses will be formed
which have the same effect as the those in this contract.This agreement is in
duplicate. Each party shall have one copy. This agreement will come into effect
upon both parties’ signature.

       

      
        
          	
                  Party
      A:

                	
                  Party
      B:

                
	 
      	 
      
	
                  Hui
      Guilan

                	
                  Hyundai
      Light & Electric (HZ)
Co.,Ltd

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