Unassociated Document


     

    Exhibit 10.20

     

    ADDENDUM
TO MANAGEMENT SERVICE AGREEMENT

     

    between

     

    Allied
Fine Development Limited

     

    and

     

    Best
Paramount Industrial Limited

     

    


    29 April
2009

     

    
      

    

     

    THIS
ADDENDUM WAS ENTERED INTO BETWEEN THE FOLLOWING PARTIES ON 29 APRIL 2009 (“this
Addendum”) TO THE ORIGINAL MANAGEMENT SERVICES AGREEMENT DATED 10 OCTOBER 2008
(“the Original Agreement”):

    


    
      	
              1)

            	
              Allied Fine Development
      Limited, a company set up and validly constituted under the laws of
      Hong Kong Special Administrative Region, with registered office Room 1508-1509 Peninsula
      Square, 18 Sung On Street, HungHom, Kowloon (hereinafter referred
      to as “Company A”); and

            


    

    


    
      	
              2)

            	
              Best Paramount Industrial
      Limited, a company set up and validly constituted under the laws of
      Hong Kong Special Administrative Region, with registered office 2/F, Emax, Hong Kong
      International Trade and Exhibition Centre, No. 1 Trademart Drive, Kowloon
      Bay, Kowloon (hereinafter referred to as “Company
    B”).

            


    

     

    
      
         


      

      
         


        
          

        

      

      
         


      

    


    Company A
and Company B, after due negotiation, hereby agrees that apart from the service
fee which is calculated on the basis of the actual costs incurred plus a mark-up
of 5% (Clause 4.1 of the Original Agreement refers), no discretionary fee will
be charged by Company A for the services provided to Company
B.  Accordingly, Clause 4.4 of the Original Agreement will be
removed.

    


    Except as
expressly modified in accordance with the provisions of this Addendum, all
other terms and conditions set forth in the Original Agreement shall remain
in full force and effect and continue to bind the parties.

    


    This
Addendum is entered into and rendered effective as of the 29 April 2009, and
will remain in effect for so long as the Original Agreement remains in
effect.

     

    
      
        
          

        

         

      

    

    This
Addendum shall be signed in duplicate and each of which shall be deemed to be an
original.

    


    IN WITNESS WHEREOF the parties
hereto have caused this Addendum to be executed the day and year above first
written.

    


    
      
        
          	
                  SIGNED
      by

                	
                  )

                
	
                  for
      and on behalf of Allied Fine Development Limited

                	
                  )

                
	 
      	
                  in
      the presence of:-

                	
                  )

                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                  SIGNED
      by

                	
                  )

                
	
                  for
      and on behalf of Best Paramount Industrial Limited

                	
                  )

                
	 
      	
                  in
      the presence of:-

                	
                  )