English
      Translation of

    Patent
      Assignment Agreement

    


    Preamble

    


    Whereas,
      the Assignor (Beijing Huiyuan Duoyuan Digital Technology Institute) owns the
      patent for a device for automatic, quick clearing of printing press ink system
      with the following details: its patent number being 00254747.3, its publication
      number being Hao CN 2447175, its application date being September 25 2001,
      and
      its duration being 10 years;

    


    Whereas,
      the Assignee (Duoyuan Digital Printing Technology Industries (China) Co. Ltd)
      has knowledge of the aforementioned patent and desires to obtain such patent;
      and

    


    Whereas,
      the Assignor agrees to assign such patent to the Assignee;

    


    Both
      parties hereby agree to enter into the following agreement:

    


    Article
      1 Materials
      to be Delivered from the Assignor to the Assignee

    


    
      	1.	
              All
                the
                materials submitted to China Patent Office ("CPO") for patent application,
                including specifications, claims of the investor’s patent right, appended
                drawings, abstracts and appended drawings, written requests, agent
                entrustment letter, etc.

            


    

    


    
      	2.	
              All
                the documents issued by the CPO to the Assignor, including the acceptance
                notice, intermediary documents, authorization decision, patent
                certificate, etc.

            


    

    


    
      	3.	
              Proof
                issued by CPO regarding the validity of the subject patent, i.e.,
                evidence
                on the latest payment of annual fee for such
                patent.

            


    

    


    Article
      2 Time,
      Place and Method of Delivery

    


    
      	1.	
              Time
                of Delivery

            


    

    


    After
      the
      effectiveness of this Agreement, the Assignor shall deliver all the materials
      stipulated in Article 1 herein to the Assignee on the day the Assignee pays
      up
      the assignment fee to the Assignor.

    


    
      	2.	
              Place
                and Method of Delivery

            


    

    


    The
      Assignor shall deliver all the aforementioned materials to the Assignee in
      person, and shall deliver a list of such materials to the Assignee in
      person.

    


    All
      the
      materials shall be delivered to the Assignee at the venue where the Assignee
      is
      located.


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    Article
      3 Exploitation
      of the Patent, Disposal after Exploitation

    


    If
      the
      Assignor has exploited the patent before the execution of this Agreement, the
      Assignor shall cease such exploitation immediately after the effectiveness
      of
      this Agreement.

    


    If
      the
      Assignor has licensed any other party to exploit the patent, relevant rights
      and
      obligations shall be transferred to the Assignee upon the effectiveness of
      this
      Agreement.

    


    Article
      4 Assignment
      Fee and Payment Method

    


    The
      patent shall be assigned to the Assignee free of charge, and any expenses
      incurred in connection with such assignment shall be born by the
      Assignee.

    


    Article
      5 
      Effects
      of the Patent Being Revoked or Declared Invalid

    


    According
      to Article 50 of the Patent
      Law of PRC,
      after
      the making of this Agreement, if the patent is revoked or declared invalid,
      the
      Assignee need not return all the materials to the Assignor if there is no
      obvious violation of the principal of fairness and the Assignor has not caused
      any loss to the Assignee in bad faith.

    


    If
      any
      third party petitions to the CPO for the patent to be revoked or declared
      invalid by the Patent Review Panel, or files a lawsuit to challenge the decision
      of the Panel at the People's Court (regarding an invention), the Assignee shall
      be responsible for defense and bear all the expenses incurred in connection
      with
      such petition or lawsuit after the making of this Agreement.

    


    Article
      6 Transition
      Period

    


    
      	1.	
              After
                the execution of this Agreement, the Assignee shall be responsible
                to pay
                all expenses necessary for keeping this patent
                effective.

            


    

    


    
      	2.	
              During
                the Transition Period, if the Assignor or the Assignee becomes unable
                to
                perform this Agreement due to force majeure, this Agreement shall
                be
                deemed terminated.

            


    

    


    Article
      7 Dispute
      Solution

    


    
      	1.	
              Both
                parties shall try to solve any disputes in connection with the performance
                of this Agreement through amicable negotiation according to the provisions
                herein.

            


    

    


    
      	2.	
              If
                the dispute cannot be solved through negotiation, it shall be submitted
                for mediation to the patent authority of the location of the Assignee
                or
                of the formation of this Contract. If any party is not satisfied
                with the
                result of such mediation, it may initiate a legal
                proceeding.

            


    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    Article
      8 Effectiveness
      of Agreement

    


    This
      Agreement shall become binding on the both parties upon execution, and shall
      become legally effective on the date when the CPO registers and publishes the
      Amendment of Data Entries filed by both Parties.

    


    Assignor:

    Beijing
      Huiyuan Duoyuan Digital Printing Technology Institute

    (Seal
      of
      Beijing Huiyuan Duoyuan Digital Printing Technology Institute)

    


    Assignee:

    Duoyuan
      Digital Printing Technology Industries (China) Co. Ltd

    (Seal
      of
      Duoyuan Digital Printing Technology Industries (China) Co. Ltd)

    


    Date:
      December 26, 2002