EXHIBIT 10.3


 


[English Translation]


 


INTELLECTUAL
PROPERTY CONSULTING CONTRACT


 


	
  Party A:

  	
   

  	
  Shenzhen Trony
  Science and Technology Development Co., Ltd.

  
	
   

  	
   

  	
   

  
	
  Party B:

  	
   

  	
  Shenzhen Yiying Patent
  Agency

  



 


WHEREAS, Party A and Party B have agreed
that it is necessary and important to protect the enterprise self-owned
intellectual property.


 


NOW, THEREFORE, Party A and Party B agree to
enter into this Intellectual Property Consulting Contract (this “Contract”)
pursuant to the relevant intellectual property laws.


 


Article 1                 Party A is a high-tech company which received its first patent in 1994.
Since the founding of the company, Yiying Zhang, a senior patent agent of the
former city patent center (also a senior engineer) has represented Party A in
various intellectual property cases (nearly 100 cases, including patent,
trademark and software registration, national patent gold awards, Gold
Invention Award of 1995 Paris International Exposition, provincial well-known
trademarks and patent technology appraisals), and provided a significant amount
of services free of charge. As required by its business development, Party A
hereby retains Yiying Zhang as its senior regular intellectual property
advisor. The monthly retainer fee shall be Five Thousand
Renminbi Yuan (RMB5,000), and Party B shall be responsible for paying the
relevant taxes.


 


Article 2                 Party A and Party B have
both expressed their willingness to establish a long-term cooperation
relationship;


 


Party A hereby engages Party B to represent it in
handling and managing all intellectual property cases relating to application,
registration and management (involving patent, trademark, software, technology
appraisal, trade and technology secrets and asset appraisal) with full power of
substitution;


 


Party B hereby accepts Party A’s engagement to give
first priority to the handling of its cases, and is committed to performing
services to the best of its ability.


 

















 


Article 3                 Party B shall provide certain services free of charge, including
providing report on countermeasures with respect to general patent consulting
and intellectual property, particularly, patent tracking service and major
monitoring; drafting legal opinion, conducting negotiations on intellectual
property, patent promotions and exhibitions and result appraisals, and
achieving a one-stop full service.


 


Article
4                 Party B shall provide, free
of charge, intermediary services to Party A with respect to the drafting,
review and execution of general technology development contracts, conduct
training and give lectures on intellectual property for Party A’s scientists
and technicians, and train patent engineers for the company. No intermediary
fees shall be charged to Party A, excluding any third party to the contract.


 


Article
5                 Party B shall provide
services free of charge pursuant to Articles 3 and 4 hereof, except for the
provisions of Article 2 relating to the government fees and agent fees in
connection with intellectual property. Party A shall be responsible for the
travel and accommodation expenses incurred by Party B in connection with the
travel and new products services as entrusted by Party A.


 


Article
6                 Party B shall provide Party
A with an annual service summary evaluation report at the end of each year,
examining the quality of its work and services, and proposing forward-looking
suggestions, to provide valuable economic effects to Party A in its real sense.


 


Article
7                 Party A and Party B have
agreed that this Contract is an engagement agreement, and the parties may make
amendments or supplements at any time with respect to any matter not addressed
herein pursuant to this Contract in good faith, including oral agreements which
shall have the same legal validity as this Contract.


 


Article
8                 This Contract shall become
effective upon execution by Party A and Party B. This Contract shall be
executed in two (2) copies with each of Party A and Party B holding one (1)
copy.


 


2

















 


Party A Signature (Seal): Shenzhen Trony
Science and Technology Development Co., Ltd.


 


Address: Bldg 2,
Guangxian Estate, Bagua 3rd Road, Futian District, Shenzhen


 


 


Party B Signature (Seal): Shenzhen Yiying
Patent Agency


 


Address: RM 536 Xianke
Mechanism & Electronic Mansion, Bagua 4th Road,
Futian District, Shenzhen


 


 


Execution Date: December 23,
2005


 


3