RENEWAL AGREEMENT License Agreement No.MA 3063-1

Fully furnished office suites has contracted for pursuant to this Agreement);

24-hour, 7 days a week access to the Licensed Area;

Maximum security;

Personalized reception service by which calls are answered in the Licensee’s name during operating hours;

Unlimited number of incoming calls with immediate call forwarding (local calls only) and message services during operating hours;

Direct telephone and fax numbers) with IDD facilities;

Voicemail with remote retrieval capability;

Central fax machine;

Unlimited broadband internet access (Dynamic ADSL only);

Mail collection and distribution;

24-hour access to utilities (i.e., electricity, lighting and water);

Air-Conditioning within business centre operating hours;

24-hour access to photocopier machine(s), pantry and lounge areas;

Office cleaning and maintenance; and

Complimentary coffee, tea and water cooler services

The first month’s payment of the License Fee

A deposit amounting to three (3) months of the License Fee (the “Deposit”)

Licensor will limit the licensee from entering to the licensed area within 14 (fourteen) days from invoice due date

Withdraw and stop all services provided by Licensor’s choice including, but not limited to telephone and internet services

Enter the Unit and change the lock without prior notice

Claim all costs associated with recovering all monies owed to Licensor from the Licensee

Register the company name and its Directors with credit rating agencies if monies remain outstanding for more than 30 days.

Claim all outstanding invoices and the costs of recouping those monies against the signing party and directors of the company who by signing this agreement agree to submit their personal assets as a guarantee.

breaches the national or local laws in which the centre is located, in which Licensor has reasons to believe Licensee has breached the best practice and code of ethnic principal; deliberately jeopardize public laws and order.

if the Licensee is declared bankrupt, is wound up or put under receivership.

Possession and control: Not to impede and/or interfere with the Licensor’s right of possession and control of the premises and/or Common Area and/or Licensed Area in any way.

Illegal purpose: Not to use the Licensed Area either for any dangerous, noisy or offensive trade or business or for any illegal or immoral act or purpose.

No obstruction: Not to place anything in or cause obstruction of the Common Area.

To give notice: To immediately give to the Licensor a copy of any notice or order from any government authority which relates to the Licensed Area; and/or notice of any defect in the Licensed Area which may give rise to a liability or duty on the Licensor.

Alterations: Not to (without the prior written consent of the Licensor) (i) make any alterations or additions to or affecting the structure of the Licensed Area; (ii) carry out works involving the hacking of the floors or the structural column and beams of the Licensed Area; (iii) install and/or add any additional furniture, fixture and/or fittings in the Licensed Area; (iv) exhibit and/or display on and/or or affix, inter alia, fixture and/or fittings to the interior or exterior of the office suite or anywhere in the premises; (v) make any alterations to the furniture, partitions and/existing furnishings; and/or (vi) damage the furniture, partitions and/existing furnishings. The approved alterations and additions must be carried out by the Licensee at its own cost and expense.

Maintenance and repair: To keep the Licensed Area clean and tidy; keep the Licensed Area, including all fixtures and fittings in it in good and tenantable repair and condition; and immediately make good, to the reasonable satisfaction of the Licensor, any damage caused to the Licensed Area (including the Licensor’s fixtures and fittings in it) or any other part of the premises by the Licensee, its employees, agents, independent contractors or any permitted occupier.

Care of keys/ access cards: To exercise care in the handling and/or safekeeping of the Licensee’s keys and/or access cards, as well as to ensure the security of the Licensed Area. In the event the Licensee reports a loss of its keys and/or access cards, the cost of replacing such keys and/or access cards must be borne by the Licensee.

Fire safety: To keep the Licensed Area including its fixtures, fittings, installations and appliances in a safe condition by adopting all necessary measures to prevent an outbreak of fire in or at the Licensed Area, and to this end, the Licensee must comply with all requirements of the Licensor, the Fire Safety Bureau and/or other relevant body or authority.

Anti-virus programs: To have updated anti-virus programs installed in the Licensee’s computer(s) before using the Licensor’s line(s) to connect to the Internet. The Licensee shall compensate and indemnify the Licensor for the cost of rectification and repair if the system is disrupted due to corruption caused by a virus in the Licensee’s system(s). The Licensor reserves its right to disconnect the Licensee’s line(s) if the Licensee does not take steps to protect its computer(s) from such viruses.

Licensee’s corporate logo: To allow the Licensor to use the Licensee’s corporate logo in the Licensor’s website and/or printed materials.

Advertisements and signs: Not to affix or display at the Licensed Area or any part of the premises, any name, sign, notice, placard, poster, banner or advertisement, except with the prior written consent of the Licensor and in a style and manner and at a location previously approved by the Licensor. If the Licensee displays any name, sign, notice, placard, poster, banner or advertisements in default of this clause, the Licensee must remove them immediately on demand, failing which the Licensor may do so and the Licensee shall bear the Licensor’s costs and expenses of doing so.

Change of name: If the Licensee changes its name, to provide the Licensor with written notification within 14 days of the said name change.

Hiring of the Licensor’s employees: To provide an undertaking that in the event the Licensee hires any of the Licensor’s employees (i) during the term of the License period; and/or (ii) within 6 months from the date of termination of the said employee’s employment contract with the Licensor, the Licensee will pay to the Licensor an amount equivalent to 6 months of the employee’s last drawn salary and reimburse the employee’s one time placement fee of RMB 5000 to the Licensor.(iii) within 6 months from the date of termination of the said Licensee’s agreement with Licensor, the licensee will pay to the Licensor an amount equivalent to 6 months of the employee’s last drawn salary and reimburse the employee’s one time placement fee of RMB 5000 to the Licensor.

No downloading of movies: Not to download any movies and/or any video clips from unauthorized websites via the Licensor’s shared Internet server.

The Licensee must promptly comply, at its cost and expense, with the law and all requirements of the relevant authority in force at the moment relating to the Licensed Area, the use or occupation of the Licensed Area, anything done in the Licensed Area by the Licensee, and anything in the Licensed Area. The term “law” referred to herein includes any present or future requirement of statute (including subsidiary legislation) or common law (if applicable).

The Licensee will indemnify the Licensor against all claims, demands, actions, proceedings, judgments, damages, losses, costs and expenses of any nature which the Licensor may suffer or incur for death, injury, loss and/or damage caused, directly or indirectly, by:-any occurrences in the Licensed Area or the use or occupation of the Licensed Area by the Licensee or by any of the Licensee’s employees, independent contractors, agents or any permitted occupier; the Licensee or its employees, independent contractors, agents or any permitted occupier to the Licensed Area, the premises or any property in them; and any default by the Licensee in complying with the provisions of this Agreement.

any failure or inability of or delay by the Licensor to provide, or any interruption in, or inadequate supply of, any of the utilities, air-conditioning services, lift services or lighting to the Licensed Area; or

any failure or inability of or delay by the Licensor to grant access to the Licensed Area and/or the premises and/or to the use of the Licensor’s comprehensive office services as set out in Clause 2 above and in the Second Schedule; or leakage or defect in the piping, wiring and sprinkler system or defect in the structure of the premises; or

any act, omission or negligence of any contractor approved by the Licensor under this Agreement, and such contractor appointed by the Licensor will not be treated as an employee or agent of the Licensor; or

any loss of confidential information and/or loss of confidentiality brought about by the entry of unauthorized persons into the Licensed Area and/or premises; or Death, injury, loss or damage caused by other persons in the Licensed Area and/or the premises.

Request for the removal of items placed along the glass partitions in the Licensed Area and/or premises;

Request the Licensee keep the noise levels down and/or to close the door to the Licensed Area to reduce noise emission; and/or

In the event the Licensee and/or Licensor chooses not to renew the Agreement, conduct viewings of the Licensed Area in the month preceding the last day of the License Period, subject to advance written notice being given to the Licensee. Should the Licensor be unable to give advance written notice to the Licensee (including but not limited to situations where the Licensee is uncontestable), the Licensor will post a written notice on the door of the Licensed Area and the Licensee is deemed to have sufficient notice of the same. In such an event, the Licensee is advised to exercise due care not to expose or leave any confidential documents out in the open.

for notice by fax or given by hand) immediately on the day upon which it is sent; or

for notice by registered post) twenty-four (24) after posting and in proving it, it will be adequate to show that the envelope containing the notice was addressed, stamped and posted.