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EXHIBIT 10.4
 
 
Acknowledgement of amounts owed by C-Motech Co., Ltd (“C-Motech”) to Franklin
Wireless Corp. (“Franklin”) relating to products previously purchased by
Franklin from C-Motech.

C-Motech agrees to pay US$1,873,064.70 to Franklin by March 31, 2011 for the
following items:

US$1,581,456.70 for marketing funds relating to products purchased by Franklin.
US$291,608.00 for a price dispute for CMU-301 products previously purchased by
Franklin.

 

 

Acknowledged and approved: Acknowledged and approved:     /s/ OC
Kim                                             /s/ TS
Kim                                                  OC Kim Name: TS Kim
President Title: CEO Franklin Wireless C-Motech Co., Ltd. Date:         
 1/28/2011                           Date: ________________________

 

                                                                                   
 
 

 

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