1. The nomenclature, quantity, quality and use of the property, please

 EXHIBIT 10.3

                               Contract of Tenancy

Lessor:  China Hebei Cangzhou City Chemical Corporation
Lessee:  Heng Fai Light Products Co., Ltd.

         According to the "Economical  Contract Law of the People's  Republic of
China"  and  other  relative  regulations,  after  negotiation  between  the two
parties,  the lessor and lessee get to the following  contract about the renting
of the cement plant property:

         1. The nomenclature,  quantity, quality and use of the property, please
see Attachment 1.

         2. The total renting term is 5 years, starting from January 1, 1995 and
ending by December 31, 1999.

         3. The total rent is RMB 1.2 million Yuan. Both parties agreed that the
rent  be  used  on  the  revolution  of the  cement  technology,  expanding  the
production  capacity to 20,000 tons within one year (by the end of 1995).  Other
capitals  such as profit and loans can also be used to increase  the  production
capacity to 38,000  T/year  within 5 years,  reaching  the  designed  production
capacity.

         4. The lessor  agrees that the lessee can use the  nomenclature,  label
and the land using rights free of charge.  However, if the lessor finds out that
the  lessee  is  cheating  the  consumers  with   unqualified  or  not  properly
quality-controlled  products  and so on,  the  renter  has the right to stop the
lessee's using of the registered  label and the lessee should be responsible for
all losses so caused.

         5. The treatment of stocks

         a. With both parties checking the capitals,  the lesser should give the
current stock (not  including  the products) as well as the renting  property to
the  lessee.  And the lessee  should  take the  actual  accounting  price  after
checking and rearrange it as the starting  accounting.  When the lessee does the
liquidation at the end of the renting  period,  or if any part quits the renting
or if the rentee would reform the managing forming and do the property checking,
the last  accounting  price  should be the  actual  accounting  after  checking,
rearranging and adjusting by both parties. If the last accounting is larger than
the  initial  one,  the lessee  should pay the lessor what that is more than the
initial accounting; and if the last accounting is smaller, the lessor should pay
the lessee back the actual amount.

         b. While  checking  the  property,  the lessor  should give the current
products as well as the renting property to the lessee. And the lessee should do
the accounting  according to the balance of the yearly average  selling price of
1994. At the time when the renting period is due,

the renting is stopped or if the  economical  form is reformed and the lessee is
doing the  property  checking,  the  products  and stock after  checking by both
parties should be accounted according to the average yearly selling price in the
current year. The balance should be accounted  according to what it is stated in
"a".

         c. The above  items that need  checking  should be paid  within a month
after the ending of this renting.

         6. Some relative items

         a.  The  lessor  should  supply  to the  lessee  water,  power  and gas
according to the yearly  production  plan (The water and power should be charged
according to the unified price of the Chemical  Corporation),  and the gas price
is a little lower than that of the market and higher than the lessor's  checking
price.  However,  the calcium powder can be used free of charge according to the
actual cement production.

         b. During the  renting  period,  the lessor and lessee  should keep the
relationship  with the lessor and the original  cement plant in the using of raw
materials and the  manufacturing  of spare parts as well as the craning of large
equipments. And the lessee should pay out at the end of each season according to
the original paying system.

         c. Public  equipment (such as warm gas, means of  communication,  etc.)
using fee will be charged by the lessor according to general  standards.  If the
lessee needs renting office equipment and transportation means for raw materials
and products in the production process, payments should be made according to the
checking price of the lessor. The price unit is T/mile.

         d. The lessor agrees to do the contacting of the railway transportation
for the lessee free of charge.

         e. The lessor  agrees to supply the lessee bank working  capital,  loan
guarantee with the total amount less than 30% of the yearly sales income.

         7. Rights and obligations

         a. The lessor should  transfer all the property items in good condition
to the  lessee  according  to the  time  limit  agreed  by both  parties.  Every
production equipment should meet the process demands.

         b. During the renting  period the lessor has the right to supervise the
using  and  maintaining  work of the  equipment  to keep the  rented  properties
complete.

         c. During the renting period the lessor should guarantee that the legal
rights of the lessee  will not be  infringed  and that the  production  supplies
(water, power, roads, etc.) will be

properly  supplied.  The lessor should not  interfere  with the  production  and
managing activities of the lessee.

         d. During the renting period,  the lessor has the obligation to educate
the employees who come from the lessor's side to obey all the regulations of the
lessee and work hard.  At the same time,  the lessor has the right to  supervise
that the legal rights of the employees not be infringed.

         e.  During  the  renting  period,  the  lessee  should  keep the rented
properties complete and in good condition through proper using and maintaining.

         f. If the lessee needs to reform the rent  equipment  and the plant for
production  needs,  agreement from the lessor is necessary.  Or else the loss so
caused should be paid by the lessee.

         g. Rent should be paid in time.

         h. During  the  renting  period,  the  lessee  should  do the  managing
independently  according to the law and take full  responsibility of winning and
losses.  While enjoying  production and managing rights,  the lessee should also
take the  responsibility  of paying the tax, industry and commerce managing fee,
environmental  fee and  fees  that  should  be paid to the  quality  supervising
department  and soon.  Fees for water and power  should be paid to the lessor in
time.

         i. After the  renting,  the lessee  rerecruits  the workers and has the
right to  decide  the  managing  formality.  The  lessee  also has the  right to
terminate the contract according to the law and relative regulations and dismiss
or  fire  employees.   The  lessee  also  has  the   responsibility  to  do  the
birth-control  work of the employees and accept the relative work arrangement of
the managing people from the lessor's party.

         j. The rentee should organize the  occupational  organization  and mass
democratic managing  organizations  (Worker's  Association) and at the same time
accept the  supervising  of the General  Worker's  Association  of the  Chemical
corporation.

         8. The obligation and liability of enterprise and the treatment of left
over losses.

         a. The lessor should be responsible for the left over loss,  obligation
and liability before the renting. And because of the business contact the rentee
should appoint a person be specially in charge of the left over  problem-solving
and report to the lessor every month,  accept checking until the problem-solving
is completed.  This should not influence  the daily  production  work during the
renting period.

         b. The obligations  and liabilities  happened during the renting period
should be taken back or paid back by the lessee.

         9. The employees hired by the lessee from the lessor's part (who belong
to the lessor's  part before the end of the October,  1994) enjoy the same right
with those still working at the lessor's  plant in housing and other welfare and
should have the same  responsibility  as well.  The lessor agrees to supply work
meals for  employees  of the  lessee's  plant and the cost should be paid by the
lessee by month.

         10.      The changing and terminating of the contract

         a. None of the cooperating  side should  terminate the contract without
negotiation with the other side except under one of the following  circumstances
when the contract can't be implemented.

         a.1. Force majeure or causes from outside world that the concerned side
cannot do anything about and that it is not the fault of the party concerned.

         a.2. One side breaks the contract.

         b. If one side demands to change or terminate the  contract,  a written
announcement should be made and the original contract is valid before getting to
an agreement.

         After getting the written announcement,  the receiving side should give
its  reply  within  15 days.  Or else the  other  side may  regard  it as silent
agreement.

         c.  On  the   condition   that  the  lessor   agrees   that  the  legal
representative  is not  changed,  the  lessee may  change  the  plant's  name or
continue the renting in the name of other enterprise of the lessee with the same
renting  conditions  listed on this  present  contract.  If the lessor  wants to
continue with the renting, the present lessee should be the first consideration.

         d. During the renting  period,  the renting  relation can be terminated
after negotiation between both parties and a cooperative  corporation can be set
up under another negotiation.

         11. If any party breaks the  contract,  all  economical  loss so caused
should be paid to the other side.

         12. If any party breaks the contract, RMB 40,000 Yuan should be paid to
the other side for punishment.

         13. The returning and liquidation of property at end of renting period.

         a. 6 months before the ending of the contract,  both parties should get
to a decision as to whether further renting is necessary.

         b. At the end of the  renting  period,  if the lessee  doesn't  want to
continue renting, cooperative checking of the enterprise property should be made
and the lessee  should make sure that the property  can be working  under normal
circumstances.

         14. The details of this contract  should be made definite by the end of
December 1994. And it should be signed by both parties  together with Attachment
1 and become valid afterwards.

Other unfinished matters should be negotiated later.

         15. The settlement of disputes

         When there is a dispute over this contract,  negotiation should be made
first. If no negotiation  can be made, the cooperative  parties should go to the
Economical Contract Arbitration Committee of the Industry and Commerce Executive
Managing Bureau. It's arbitration is final.

         16. This contract is valid on the day both parties  finish the signing.
There should be two copies of the original and each party holds one.

         17. This contract should be signed by  representatives  of both parties
in Hong Kong on October 20, 1994.

Legal representative from                     Legal representative from
the lessor's party:                           the lessee's party:

Signature:                                    Signature:

China Hebei Cangzhou City                     Heng Fai Light Products Co., Ltd.
Chemical Corporation

         I hereby certify that the foregoing is a fair and accurate  translation
of this document which was originally prepared in Chinese.

                                               /s/ Heng Fai Chan

                                              Heng Fai Chan, President
                                              Heng Fai China Industries, Inc.

 

Basic Info X:

Name: 1. The nomenclature, quantity, quality and use of the property, please
Type: Please
Date: Oct. 24, 1995
Company: ASIA SUPERNET CORP
State: Colorado

Other info:

Date:

  • January 1 , 1995
  • December 31 , 1999
  • October , 1994
  • December 1994
  • October 20 , 1994

Organization:

  • China Hebei Cangzhou City Chemical Corporation Lessee
  • General Worker 's Association of the Chemical
  • Economical Contract Arbitration Committee of the Industry and Commerce Executive Managing Bureau
  • China Hebei Cangzhou City Heng Fai Light Products Co.
  • Ltd. Chemical Corporation
  • Fai China Industries , Inc.

Location:

  • China
  • Hong Kong

Person:

  • Heng Fai Chan Heng Fai Chan

Percent:

  • 30 %