Lease Agreement between Hu Jiada and Shenzhen Ritar Power Co., Ltd. for Office Space at Tian’an Cyber Times Building

Summary

This agreement is between Hu Jiada (Party A) and Shenzhen Ritar Power Co., Ltd. (Party B), where Party A leases office space at Room 22F01, Tower A, Tian’an Cyber Times Building, Shenzhen, to Party B. The office is 233 square meters, with a monthly rent of RMB 18,640, payable before the 18th of each month. Party B is responsible for management fees and utilities. The rent may be adjusted annually based on market prices. The agreement is effective from May 1, 2005.

EX-10.20 27 v066283_ex10-20.htm

Exhibit 10.20

Lease Agreement

Party A Hu Jiada

Party B Shenzhen Ritar Power Co., Ltd.

Party A and Party B have reached an agreement through friendly negotiation that Party A will lease to Party B the unit for use as office owned by Party A itself, which is located at Room 22F01, Tower A, Tian’an Cyber Times Building, Futian District, Shenzhen.

1.	The total size of the inner and outsider area available of the leased office is 233 square meters. The rental each month shall be RMB 18,640. (RMB 80 Yuan per square meter). Party B shall pay the aforesaid rental before the 18^th of each month on the appointed bank account of Party A.

2.	Party B shall pay the management fee, cost of water, electricity and other facilities upon the actual use.

3.	Starting from the second year of the lease term, the rental per year shall be properly adjusted according to the then market price

4.	This Agreement has two originals and each party holds one.

5.	Anything not covered in this contract will be discussed separately by both parties

6.	This Agreement shall come into effect on 1^st May 2005.

Party A
/s/ Jiada Hu
Jiada Hu

Party B

Shenzhen Ritar Power Co., Ltd.

(Corporate Seal)

Date: 1^st May 2005