SummaryEnglish Translation LeaseAgreement

2.1

Leased premises:

2.2

Lease term: 2 years, from March 30, 2009 to March 29, 2011.

2.3

Property management fee is calculated starting from the date of premise remodeling.

2.4

During the rent-free period, property management fee is still due. Lessor shall be responsible for any remodeling or move-in expenses incurred.

3.1

Rent amount: 3.6 RMB per square meter per day, 54,750 RMB per month total.

3.2

Rent for each month is due in full by the fifth day of such month. Rent for the first month is due on the first day of the rent period.

3.3

Rent for the leased premises does not include property management fees.

3.4

If Lessor fails to pay rent fully and on time, 5% of the unpaid balance is charged as a late fee each day until the amount due (including late fees) is fully paid.

4.1

For this Contract to go into effect, Lessor shall a deposit to Lessee equal to two months rent—RMB 96,000 (as calculated from the 2007 lease rate, and which Lessor does not have to pay if it already paid the deposit from the 2007 contract). This represents Lessor’s guarantee for all the duties and stipulations in this Contract.

4.2

If Lessor does not violate any Contract stipulations during the entirety of the Lease period, and timely pays in full all rental, management, and other necessary fees, Lessee shall refund the full deposit amount within 15 days after the Lease period ends, without interest on the deposit.

4.3

During the lease, if Lessee has upheld its duty to honor the Contract, and Lessor falls behind in rent, management fees, late fees, or other fees, Lessee has power to deduct the amount owed from the deposit without notice, or deduct from the deposit for compensation for Lessee’s losses suffered, but with written notice to Lessor. After receiving written notice, Lessor has 15 business days to pay the amount to be deducted from the deposit; otherwise, Lessee shall have the right to expedite deduction from the deposit, repossess the leased premises, and charge losses to the Lessor according to Contract stipulations.

4.4

Without Lessee’s written consent, Lessor may not use the deposit to supplement rent, management, or other fees.

5.1

Lessor shall use the leased premises for office purposes only. If Lessor uses the lease for any other purpose without Lessee’s consent, Lessee shall provide written notice for Lessor to correct its conduct. If Lessor fails to do so after a reasonable time, Lessee may terminate the Contract, repossess the leased premises, and hold Lessor liable for compensation for all relevant fees and incurred losses.

5.2

Lessor shall not use or permit the use of any part of the leased premises as a broadcast studio, for religious or any other ceremonial activities, nor for gambling or any other illegal activity. During the lease period, Lessor shall not cause harm or endangerment to Lessee or any other owner, tenant, or user of the Building.

5.3

Lessor shall not use the Building interior, exterior, nor any other portion of the Building visible from the outside for propaganda advertisements, lamphouse, advertising logos, decorations, flags/banners, posters, or other items. Lessee has power to dismantle such items and hold Lessor liable for the fees.