Document:

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                                                                EXHIBIT 10.5

                     [letterhead of Standard Chartered Bank]

Date:               22nd March, 2000

Our Reference:      C&IB/MMC/TEAM 3/BKE

CONFIDENTIAL

Zindart Ltd.
25/F., Fiats C & D, Taiping Industrial Centre,
No. 57 Ting Kok Road,
Tai Po,
New Territories.
Attn.: Ms. Feather Fok

Dear Sirs,

                        BANKING FACILITIES : ZINDART LTD.

We are pleased to confirm that the Bank is willing to make available to your
company (the "Company") the following working capital facilities up to the
amounts indicated.

1.      CURRENT ACCOUNT OVERDRAFT - HKD5,000,000.-

2.      TRADE FINANCE GROUP 1 - HKD40,000,000.-

3.      TRADE FINANCE GROUP 2 - HKD25,000,000.-

4.      TRADE FINANCE GROUP 3 - HKD25,000,000.-

The above Trade Finance Groups 1, 2 and 3 are complementary and the combined
outstandings are not to exceed HKD40,000,000.-. Similarly the combined
outstandings of Trade Finance Groups 2 and 3 are not to exceed HKD25,000,000.-.
For product availability, please see the attachment to this letter.

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Prior evidence of insurance is required for all "free on board" and "cost and
freight" shipments under import letters of credit.

Combined usance and loan period of any one transaction under import facilities
is not to exceed 120 days.

Usance period of export facilities is not to exceed 150 days.

Packing credits allowed with maximum 100% advance against valid export letters
of credit for up to 150 days or the expiry date of the related L/C, whichever is
earlier.

Import invoice financing allowed with 90% finance for up to 120 days against
presentation of certified true copy of supplier's invoice.

Export invoice discounting allowed with maximum 100% advance against
presentation of certified true copies of invoices for up to 30 days after the
credit terms of the invoices with overall tenors at maximum 150 days.

Commercial invoice is to show that the proceeds were assigned to the Bank.

Buyers are instructed to pay direct into the Companies' respective No. 2 account
maintained with the Bank.

Cheque purchase is also allowed.

The Companies undertake not to accept any amendments to the master letters of
credit without the prior written consent of the Bank.

5.      FACTORING FACILITY - HKD65,000,000.-

For purchase of receivables in accordance with the terms of the Receivables
Purchase Agreements between the Bank, the Company and Hang Yang Printing
Holdings Co., Ltd. respectively ("Agreement").

Expressions used in this section have the same meanings as defined in the
Agreement unless otherwise defined or the context otherwise requires.

The above limit represents the FIU Limit. Aggregate Funds In Use in respect of
Debts purchased from all the Company and Hua Yang Printing Holdings Co., Ltd.
shall not at any time exceed the FIU Limit.

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Buyer list to be advised to and approved by the Bank from time to time.

Prepayment will be made by the Bank up to the Prepayment Percentage (if not
zero) less the Bank's Service Charge, but subject to the FIU Limit and the
Concentration Percentage not being exceeded, and conditional upon compliance in
all other respects with the terms of the Agreement.

Credit insurance cover (if applicable) will be taken out in the Bank's name with
either a credit insurer or factoring company appointed by the Bank.

The following will also be required for all receivables purchased:-

(1)     copy of invoice endorsed with notice of assignment of the relevant debt
        to the Bank and otherwise complying with the terms of the Agreement;

(2)     if required by the Bank, formal assignment of debt in the Banks approved
        form, duly executed by you;

(3)     evidence of delivery of goods or completion of services satisfactory to
        the Bank.

Collection will be done either through the Bank, the Bank's service provider or
a factoring company appointed by the Bank. All proceeds are directly payable to
the Bank.

Discounting Charge will be payable monthly, calculated as the percentage
stipulated in the Agreement of the Funds In Use from time to time.

Service Charge will be calculated as stipulated in the Agreement.

CONDITION

o    Availability of Factory Facility is subject to consent obtained from the
     syndicate lenders of the USD30,000,000.- SBLC facility arranged with
     agreement dated 28th July 1999 together with the review of the Receivables
     Purchase Agreement by them.

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INTER-AVAILABILITY

The above Trade Finance facilities are available to the Company and Hang Yang
Printing Holdings Co., Ltd. (collectively the "Companies").

INTEREST, COMMISSIONS AND FEES

Unless otherwise specified, interest on all sums advanced will be payable
monthly in arrears at Prime plus 0.125% per annum or 1-month HIBOR plus 0.125%
per annum, whichever is higher. A default rate of Prime plus 8% per annum will
apply to amounts not paid when due or in excess of agreed facility amounts.
"Prime" means the rate which we announce or apply from time to time as our prime
rate for lending Hong Kong Dollars and "HIBOR" means the rate which we determine
to be the Hong Kong Interbank Offered Rate for the relevant period. Commissions
will be charged at our standard rates. Export bills will be discounted and
import bills will be financed at our standard bills finance rates minus 0.25%
per annum for Hong Kong Dollar bills. All past due bills shall bear interest at
4% per annum above the rates charged on your regular bills outstandings.

You shall pay to the Bank an arrangement fee of HKD50,000.-, payable on the date
on which the Bank's offer of the above facilities are accepted by you as
signified by your counter-signing of this letter. The arrangement fee is
non-refundable in any event. A handling fee in an amount to be mutually agreed
will be payable on each anniversary of the date of this letter if the facilities
are continuing. The fees will be debited to your current account.

Whether or not the documentation for the above facilities is executed or the
facilities are made available to you as contemplated following your acceptance
of this letter, you shall forthwith on demand reimburse the Bank all out of
pocket expenses (including but not limited to legal fees and disbursements)
incurred by the Bank in connection with the facilities including, without
limitation, the negotiation, preparation, execution and/or enforcement of this
letter and the documentation referred to below.

AVAILABILITY AND REPAYMENT

The above facilities are subject to periodic review by the Bank at its
discretion, and it is expressly agreed that they will at all times be available
at the sole discretion of the Bank. Notwithstanding any other provisions
contained in this letter or in any other

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document, the Bank will at all times have the right to require immediate payment
and/or cash collateralization of all or part of any sums actually or
contingently owing to it in respect of the above facilities 1-4, and the right
to immediately terminate or suspend, in whole or in part, all of the above
facilities 1-5 and all further utilization of these facilities.

DOCUMENTATION

Before the above facilities may be used, the enclosed copy of this letter must
be signed by the Companies and returned to us together with certified copies of
appropriate authorizing board resolutions.

The following documentation are held/will also be required:

o    General Customer Agreements executed by the Companies.

o    Receivables Purchase Agreements and other related documents, including
     without limitation formal assignments of debt where required, in the Bank's
     approved forms for the above Facility 5.

o    Cross corporate guarantees amongst the Companies and Hua Yang Holdings Co.
     Ltd., limited to the principal amount of HKD61 700,000.- each plus interest
     and other charges.

o    Signed original copies of audited financial statements of the Companies,
     Corgi Classics Ltd. and Hua Yang Holdings Co. Ltd. within 9 months after
     their financial year end. Signed original copies of quarterly management
     accounts of the Companies within 45 days after the end of the relevant
     accounting period. A signed original copy of Corgi Classics Ltd.'s
     half-yearly management accounts within 45 days after the end of the
     relevant accounting period. Such other information as the Bank may request
     from time to time.

UNDERTAKING

The Companies undertake to the Bank that they will:

o    Immediately inform the Bank of any change of their directors or beneficial
     shareholders or amendment of its memoranda or articles of association.

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By acceptance of this letter the Companies give consent to the Bank to disclose
details of their account relationship with the Bank (including credit balances
and any security given for the facilities) to (i) its Head Office and any of its
offices, branches, related companies or associates, (ii) any actual or proposed
participant or sub-participant in, or assignee or novatee of the Bank's rights
in relation to their accounts, (iii) any agent, contractor or third party
service provider which provides services of any kind to the Bank in connection
with the operation of its business, and (iv) any financial institution with
which they have or propose to have dealings to enable credit checks to be
conducted on them.

Please sign the enclosed copy of this letter and return it to the Bank's Credit
Operations at 11th Floor, Standard Chartered Tower, 388 Kwun Tong Road, Kwun
Tong, Kowloon for the attention of Ms. Peggy Yiu, within one month after the
date of this letter, after which this offer will lapse. When accepted, this
letter will supersede any previous facility letter which the Bank has issued to
the Company. This letter will be governed by Hong Kong law.

We enclose a set of documents which should also be completed and returned to the
Bank at the above mentioned address. If you have any queries regarding the
completion of the required documents, please contact Ms. Peggy Yiu, whose
telephone number is 2282-6611. With regard to queries on banking arrangements,
you can contact your Senior Relationship Manager Ms. Angela Leung, whose
telephone number is 2282-641 5.

We are pleased to be of service to you and take this opportunity to thank you
for your custom.

Yours faithfully,
For and on behalf of STANDARD CHARTERED BANK

/s/ JOSEPHINE TO
-------------------------------
Josephine To
Senior Credit Documentation Manager

JT/PY/kc
Encl.

Agreed.
For and on behalf of ZINDART LTD.

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For and on behalf of Zindart Limited

/s/ AUTHORIZED SIGNATURE
----------------------------------------
         Authorized Signature(s)

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Agreed.
For and on behalf of HUA YANG PRINTING HOLDING CO., LTD

/s/ AUTHORIZED SIGNATURE
------------------------------------------
         Authorized Signature(s)

                                       8<PAGE>   1
                                                                 EXHIBIT 10.6

                                [letterhead of HSBC]

Ref:    COMMERCIAL BANKING CENTRE ESD - TEAM C
CONFIDENTIAL

Zindart Ltd
Fiat D, 25/F, Block 1
Tai Ping Industrial Centre
Lot No 1637 Ting Kok Road
Tai Po
New Territories                                                    25 April 2000

Attn: Miss Feather Fok

Dear Madam

BANKING FACILITIES
A/C NO. 004--121141--001

With reference to our recent discussion, we are pleased to advise that we have
reviewed your banking facilities and offer a renewal within the following
limits. These facilities are subject to review at any time and, in any event
by 17 April 2001, and also subject to our overriding right of withdrawal and
repayment on demand, including the right to call for cash cover on demand for
prospective and contingent liabilities.

<TABLE>
<CAPTION>
Import/Export Facilities                                   Limit
------------------------                                   -----
<S>                                                      <C>
Documentary credits with import                       HKD20,000,000.-
finance up to 90 days (less any                         NOTES 1 & 2
usance / credit periods granted by
your suppliers) and / or D/P bills
purchased on approved drawees
</TABLE>

<PAGE>   2

<TABLE>
<S>                                                      <C>
within which                                             (HKD20,000,000.-)
                                                         NOTES 1 & 2

Goods under your control and/or
Trust Receipts and/or D/A bills
purchased up to 90 days on
approved drawees
</TABLE>

Interest on the import loans will continue to be charged as follows:

-    Interest on the HKD import loan will continue to be charged on a daily
     basis at 0.5% over our best lending rate, (currently 9% per annum, but
     subject to fluctuation at our discretion) and payable monthly in arrears to
     the debit of your current account.

-    Interest on foreign currency import loans will continue to be charged on a
     daily basis at the prevailing interest rates, published by us as Trade
     Finance Rates, subject to fluctuation at our discretion and payable monthly
     in arrears to the debit of your current account.

NOTES

1.   Within Import/Export (Trust Receipts/DA) line,
     HKD10,000,000.-(HKD10,000,000.-) is switchable to Overdraft facility.
     Interest on the overdraft facility will continue to be charged on daily
     balances at 1.5% over our best lending rate, (currently 9% per annum, but
     subject to fluctuation at our discretion) and payable monthly in arrears to
     the debit of your current account.

     Please note that the approval of any overdraft in excess of the above
     stated credit limit is subject to the sole discretion of the Bank. In the
     event of an overlimit, the excess amount will be charged at our prevailing
     interest rate calculated on a daily basis.

2.   A sub-limit of HKD5,000,000.- for Clean Import Loan against valid sales
     invoices and shipping/title documents from regular unrelated suppliers:-

We are also pleased to confirm the following preferential commission structure
will continue to be available on your import transactions

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<TABLE>
<CAPTION>
                                               DC Opening          Commission
                                               Commission      In Lieu of Exchange
                                               ----------      -------------------
<S>                                            <C>             <C>
First USD50,000.                                  1/4%                 1/4%
USD50,001.--to USD500,000.--                      1/8%                 1/8%
Balance In Excess                                1/16%                1/16%

                                                                     Limit
Company Card                                                      HKD150,000.-

Corporate Card                                                    HKD280,000.-

To issue credit cards to your executives
applied by your company

Guarantees                                                            Limit
Issued in favour of:-
CLP Power Hong Kong Ltd                                            HKD36,700.-
CLP Power Hong Kong Ltd                                            HKD4,700.-
</TABLE>

Commission on the guarantee will continue to be charged at 1.5% per annum or
minimum HKD75O.- in advance to the debit of your current account.

Accrual of Interest and Other Sums

Please note that interest and other sums expressed to be chargeable or payable
on a periodic basis will nonetheless accrue from day to day and amount so
accrued may be demanded at any time.

As security, we continue to hold:-

1)   Counter Indemnity dated 3 December 1986 for L/G No.86/4.

2)   Counter Indemnity dated 16 October 1987 for L/G No.85/124.

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In addition to the above-mentioned security, your company will be required for
so long as these facilities are available to your company to comply with the
following undertakings. Your company's compliance or otherwise with the
following undertakings will not in any way prejudice or affect our right to
suspend, withdraw or make demand in respect of the whole or any part of the
facilities made available to you at any time. By signing this letter you
expressly acknowledge that we may suspend, withdraw or make demand for repayment
of the whole of any part of the facilities at any time notwithstanding the fact
that the following undertakings are included in this letter and whether or not
your company is in breach of any such undertakings:-

a)   to submit quarterly management accounts within 3 months after corresponding
     closing date.

b)   to inform us any major change of shareholding structure of the company in
     future.

On acceptance of this offer letter, we will proceed to release the following
security:-

i)   A Letter of undertaking dated 26 May 1997 together with a certified copy of
     Board Resolution dated 16 May 1997 from Zindart Ltd undertake to submit
     quarterly management accounts within 3 months after corresponding closing
     date.

ii)  A Letter of Undertaking dated 26 May 1997 together with a certified copy at
     Board Resolution dated 16 May 1997 from Zindart Ltd undertake to inform us
     any major change of shareholding structure of the company in future.

Please note that review fee of HKDl0,000.- will be charged to the debit of your
current account upon receipt of your acceptance to these facilities.

Please arrange tar the authorised signatories of your company, in accordance
with the terms of the mandate given to the bank, to sign and return to us the
duplicate copy of this letter to signify your confirmation as to the correctness
of the security held, and your continued understanding and acceptance of the
terms and conditions under which these facilities are granted.

These facilities will remain open for acceptance until the close of business on
16 May 2000 and if not accepted by that date will be deemed to have lapsed.

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We look forward to be of continued assistance.

Yours faithfully

/s/ SIMON W. H. WU
--------------------------------
Simon W H Wu
Senior Relationship Manager
/aw

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