Document:

Unassociated Document

    Exhibit
      10.4

    [English
      Translation]

    July
      25th
      2003

    Tenancy
      Agreement

    Parties
      of the lease

    Lessor:
      (Part A ) Lam Sai Ping

    Lessee:
      (Part B) Giant Peak Ltd

    

    The
      two
      parties agreed to set a lease as follow:

    

    1.
      Part A
      will rent out the unit A2, 18/F., Fortune Factory Building, No.40,
      Lee Chung Street, Chai Wan, Hong Kong)
      to Part
      B. The rent is HK$8,800 (The receipt will be given when paying rent). The rent
      term from August 28th, 2003 to August 27th, 2005. Part B cannot end the rent
      during the term, otherwise, the left rent should be paid by Part B.

    

    2.
      Part B
      has no right to sublease or sublet the building. Part B cannot use other places
      except the building. If Part B wants to continue or stop the rent, he or she
      should make a written announcement 2 months before the expiration date. (When
      Part B wants to continue the rent, a new lease should be signed). 

    

    3.
      The
      rent should be paid on the first day of rent term every month, in the same
      way
      with that in previous month. Part B should not get behind with rent. If the
      rent
      can not be paid ten days after the set date, Part A has the right to put up
      a
      notice in a conspicuous place on the building’s door, to
      hurry
Part
      B.
      If Part B does not pay the rent or does not comply with the provisions of the
      lease, Part A enjoys legal right to end the lease. Part B should take all
      responsibilities and lose the right to rent the building. Part B has no right
      to
      demur when Part A rents out the building to others and ask for the left
      rent.

    

    4.
      When
      Part B moves out, Part B should take away all the things but Part A ’s property
      in the building within the rent term. If Part B refuses to return keys or leaves
      any property on purpose of delaying, three days after the moving, he or she
      will
      lose the ownership of the property. Then Part A without the procedures of police
      office or count, to sell the property with two witnesses. The money will make
      up
      the arrearage. If the money is not enough, Part B still has to pay the left
      rent.

    

    5.
      Part B
      should not pay the building expense or transfer fee, but should pay the lesser
      margin of two months, that is, HK$17,600. When Part B moves out, should return
      the money mentioned above without its interest and retake the lease. If Part
      B
      does not pay the rent or any other fees, Part A has the right to deduct the
      money from the margin. Part B should know that the margin can not be used as
      cash to pay the rent.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    6.
      The
      real estate tax should be paid by Part A and the official expenses should be
      paid by Part B. Other management fees and water, electricity, pump and telephone
      bills should be paid by Part B.

    

    7.
      When
      Part B moves in, in principle he is not allowed to dismantle the decoration
      he
      had made to the house for the sake of the neat and safety of the house. If
      the
      proprietor agrees, Part B can dismantle the decoration, but must repair the
      house. 

    

    8.
      The
      building can only be used as industry. Part B mustn’t store any prohibited
      articles or do anything that offends the laws of Hong Kong in the building.
      When
      Part B moves out, he must not rent out the building to others.

    

    9.
      Part B
      has received ___ keys to the apartment door and the room door delivered by
      the
      proprietor. When Part B will move out someday, he must hand in all the keys
      to
      the proprietor. If any key missing, the tenant must make a new key fit the
      lock.
      If something uncovered, we deal with the issues according to the Hong Kong
      lease
      law.

    

    10.
      The
      leaser has two copies, one of which is hold by the proprietor and the other
      is
      hold by Part B.

    

    Remark: (1)
      The
      free-lease period is 30 days, namely from July 29th,
      2003 to
      August 27th,
      2003.
      The relevant expenses must be paid by the leaser during the free-lease
      period.

    

    

    Part
      A
      Signature: /s/ Lam Sai Ping

    Part
      B
      Signature: /s/ Giant Peak Ltd

    

    ID
      No. or
      BR No.: A425993(1)

    ID
      No. or
      BR No.: 21754733

    

    Witness
      Signature:

    ID
      No. or
      Agency No.:

    Pioneer
      Property Agency Co (P-000245)Unassociated Document

    Exhibit
      10.5

    [English
      Translation]

    Tenancy
      Agreement

    Parties
      of the lease

    Lessor:
      (Part A ) W Haking Enterprises Limited

    Lessee:
      (Part B) Info Smart Technology Limited

    

    The
      two
      parties agreed to set a lease as follow:

    

    1.
      Part A
      will rent out 13/F., Haking (Tung Shing) Industry
      Building, No.34, Lee Chung Street, Chai Wan, Hong Kong)
      to Part
      B. The rent is HK$31,875 (The receipt will be given when paying rent). The
      rent
      term from October 1st, 2003 to September 30th, 2006. Part B cannot end the
      rent
      during the term, otherwise, the left rent should be paid by Part B.

    

    2.
      Part B
      has no right to sublease or sublet the building. Part B cannot use other places
      except the building. If Part B wants to continue or stop the rent, he or she
      should make a written announcement 2 months before the expiration date. (When
      Part B wants to continue the rent, a new lease should be signed). 

    

    3.
      The
      rent should be paid on the first day of rent term every month, in the same
      way
      with that in previous month. Part B should not get behind with rent. If the
      rent
      can not be paid ten days after the set date, Part A has the right to put up
      a
      notice in a conspicuous place on the building’s door, to
      hurry
Part
      B.
      If Part B does not pay the rent or does not comply with the provisions of the
      lease, Part A enjoys legal right to end the lease. Part B should take all
      responsibilities and lose the right to rent the building. Part B has no right
      to
      demur when Part A rents out the building to others and ask for the left
      rent.

    

    4.
      When
      Part B moves out, Part B should take away all the things but Part A ’s property
      in the building within the rent term. If Part B refuses to return keys or leaves
      any property on purpose of delaying, three days after the moving, he or she
      will
      lose the ownership of the property. Then Part A without the procedures of police
      office or count, to sell the property with two witnesses. The money will make
      up
      the arrearage. If the money is not enough, Part B still has to pay the left
      rent.

    

    5.
      Part B
      should not pay the building expense or transfer fee, but should pay the lesser
      margin of two months, that is, HK$63,750 and the margin of two months of
      management fee, that is, HK$12,000. When Part B moves out, should return the
      money mentioned above without its interest and retake the lease. If Part B
      does
      not pay the rent or any other fees, Part A has the right to deduct the money
      from the margin. Part B should know that the margin can not be used as cash
      to
      pay the rent.

    

    6.
      The
      real estate tax should be paid by Part A and the official expenses should be
      paid by Part B. Other management fees and water, electricity, pump and telephone
      bills should be paid by Part B.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    7.
      When
      Part B moves in, in principle he is not allowed to dismantle the decoration
      he
      had made to the house for the sake of the neat and safety of the house. If
      the
      proprietor agrees, Part B can dismantle the decoration, but must repair the
      house. 

    

    8.
      The
      building can only be used as industry. Part B mustn’t store any prohibited
      articles or do anything that offends the laws of Hong Kong in the building.
      When
      Part B moves out, he must not rent out the building to others.

    

    9.
      Part B
      has received ___ keys to the apartment door and the room door delivered by
      the
      proprietor. When Part B will move out someday, he must hand in all the keys
      to
      the proprietor. If any key missing, the tenant must make a new key fit the
      lock.
      If something uncovered, we deal with the issues according to the Hong Kong
      lease
      law.

    

    10.
      The
      leaser has two copies, one of which is hold by the proprietor and the other
      is
      hold by Part B. 

    Remark:
      Attachment as another page.

    

    Two
      parties 

    Part
      A:
      (Signature
      or Stamp)
      /s/ W
      Haking Enterprises Limited

    Part
      B:
      (Signature
      or Stamp)
      /s/
      Info Smart Technology Limited

    

    ID
      NO.:
      BR No. 00667222

    ID
      NO.

    OR
      business registration NO.: 32327759

    

    

    September
      30th,2003 

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    

    Attachment
      of the lease

    Owner:
      W.
      Haking Enterprises Ltd.

    Leaser:
      Info Smart Technology Ltd

    The
      property: The
      whole
      floor, 13/F., Haking (Tung Shing) Industrial Building, No. 34, Lee Chung Street,
      Chai Wan, Hong Kong.

    

    Content:

    

    	1.  	
            If
              the outer wall must be knocked down in order to install some machines
              needed by the leaser, he should inform the owner and provide the relevant
              certificates proving that the engineering won’t make damage on the
              framework of the building( as well as purchase the insurance), and
              then he
              can deal with the wall. 

          

    

    	2.  	
            The
              management expense includes: removing the four baskets of rubbish,
              the
              after-decoration waste and large rubbish should be taken away by the
              leaser. The baskets used to hold rubbish are located in front of the
              struck, and the workers in the cleaning company come here to move the
              rubbish away in the early morning except Monday.
              

          

    

    	3.  	
            The
              leaser should be responsible for the payment of the fireproof sensors
              added because of changing the unit room as to satisfy the requirements
              of
              the fireproof laws in Hong Kong

          

    

    	4.  	
            The
              owner allows the leaser to use the electricity case, but he must change
              the name for it at the lease beginning and pay for the deposit of the
              ammeter.

          

    

    	5.  	
            The
              leaser should change the name for the water meter and turn in the deposit
              of it.

          

    

    	6.  	
            The
              owner permits the leaser to change the room of the unit, but he must
              clear
              off the reparation and the space, and all the expenses will be paid
              by the
              leaser.

          

    

    	7.  	
            The
              unit should be withdrawn as before, and the owner asks to take away
              all
              the things.

          

    

    	8.  	
            The
              leaser is entitled to relet for one year (October 1st
              ,
              2006 to September 30th
              ,
              2007), the lease will be fixed according to the future market price.
              The
              leaser should inform the owner 2 months notice whether to relet or
              not.

          

    

    	9.  	
            The
              free-lease period is two months, namely from October 1st
              ,
              2003 to October 31st,
              ,2003
              and from October 1st
              ,
              2004 to October 31st,
              ,2004.
              (The relevant expenses must be paid by the leaser during the free-lease
              period)

          

    

     

     

    
 

    
      	Signature of owner:	 	signature of leaser: 
	 	 	 
	/s/
              W. Haking Enterprises Ltd.	 	/s/
              Info Smart Technology Ltd

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