In consideration of the Rental (defined hereinafter) and subject to the Lessee's compliance with this Agreement, the Lessor hereby agrees to let to the Lessee and the Lessee accepts to take on the lease of the Premises having an area of approximately 197 square meters (49.25 square wah). On the date of execution of this Agreement, the Lessor acknowledges that the Premises are in the process of being subdivided into specified size of land plot agreed by both parties. Therefore the parties agree that the Premises to be registered at the relevant land office.