Document:

WWW.EXFILE.COM, INC -- 14833 -- ECOSS INC. -- EXHIBIT 10.3 TO FORM 20F-A

     

    EXHIBIT
      10.3

    
      Revenue
        

      Stamp

    

    April
      8,
      2004

    Loan
      Agreement

    

    This
      Loan
      Agreement is made and entered into by and between EFC Co., Ltd., as the lessor
      and ECOSS, Inc. as the lessee. The parties hereto hereby agree as
      follows:

    

    Article
      1
      (Loan)

    The
      lessee loaned JPY 2,000,000 from
      the
      lessor by promising that the lessee will pay back the amount. Provided, however,
      that the loan date shall be April 8, 2004.

    

    Article
      2
      (Repayment)

    The
      repayment period for the loan in the preceding article shall be as stated on
      the
      attached Loan Repayment Schedule, and the lessee shall make repayment by
      remitting to the bank account designated by the lessor.

    

    Article
      3
      (Interest)

    Interest
      shall be three (3) percent per annum on the principal, and the applicable
      interest shall be paid by bank remittance to the bank account designated by
      the
      lessor on the payment date for the interest as per enclosure.

    

    Article
      4
      (Delinquency Charges) 

    In
      the
      event the lessee has lost the benefit of term, the lessee shall pay a delinquent
      payment at the rate of seven (7) percent per annum from the day of the
      forfeiture of profit to complete settlement. 

    

    Article
      5
      (Forfeiture of Profits for the Term) 

    In
      the
      event of any one of the following, the lessee shall lose the benefit of term
      without requiring notification from the lessor and shall immediately pay to
      the
      lessor the principal at that time.

    
      	1.  	
              When
                the lessee falls one month or more into arrears with the payment
                of the
                principal or interest thereof;

            

    

    
      	2.  	
              In
                the event of application for forcible execution, executive injunction,
                or
                auction with regard to other liabilities of the lessee or declaration
                of
                bankruptcy; 

            

    

    
      	3.  	
              In
                the event the lessee is subject to disposition for failure to pay
                taxes
                and other public charges; and 

            

    

    
      	4.  	
              In
                the event a draft or check drawn, endorsed, or guaranteed by the
                lessee
                has been dishonored.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Article
      6
      (Agreed Jurisdiction) 

    The
      parties hereto have agreed that any disputes arising among them relating to
      this
      Agreement shall be settled in a district court in the area where the lessor
      resides, which shall assume exclusive jurisdiction as the installment court
      of
      first instance.

    

    IN
      WITNESS WHEREOF, two (2) copies of this Agreement shall be made, and the parties
      hereto shall, after signing and affixing seals to the two copies, retain one
      copy each respectively. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Loan
      Repayment Schedule

    

    

    ECOSS
      Inc.

    1-14-6
      Dougenzaka, Shibuya-ku, Tokyo, Japan

    

    EFC
      Co.,
      Ltd.,

    1-14-6
      Dougenzaka, Shibuya-ku, Tokyo, Japan

    

    

    
      	
              Contract
                Amount

            	
              Expiry
                Date of Contract

            	
              Date
                of Contract

            	
              Interest
                Rate

            	
              Interest
                Payment Method

            
	
              2,000,000

            	
              February
                28, 2006

            	
              April
                8, 2004

            	
              3.00%

            	
              Pay
                Later 

            

    

    

    
      	
              Times

            	
              Date

            	
              Total
                of 

              Principal
                & 

              Interest

            	
              Installment
                

              repayment
                

              amount

            	
              Interest
                

              Amount

            	
              Basic

            	
              New
                Balance

            
	
              Principal

            	
              From

            	
              To

            	
              Interest
                Rate

            
	
              0

            	
              8-Apr-04

            	
              -

            	
              -

            	
              -

            	 	 	 	
              3.00%

            	
              2,000,000

            
	
              1

            	
              2-Aug-04

            	
              119,232

            	
              100,000

            	
              19,232

            	
              2,000,000

            	
              8-Apr-04

            	
              2-Aug-04

            	
              3.00%

            	
              1,900,000

            
	
              2

            	
              31-Aug-04

            	
              104,684

            	
              100,000

            	
              4,684

            	
              1,900,000

            	
              2-Aug-04

            	
              31-Aug-04

            	
              3.00%

            	
              1,800,000

            
	
              3

            	
              30-Sep-04

            	
              104,586

            	
              100,000

            	
              4,586

            	
              1,800,000

            	
              31-Aug-04

            	
              30-Sep-04

            	
              3.00%

            	
              1,700,000

            
	
              4

            	
              1-Nov-04

            	
              104,610

            	
              100,000

            	
              4,610

            	
              1,700,000

            	
              30-Sep-04

            	
              1-Nov-04

            	
              3.00%

            	
              1,600,000

            
	
              5

            	
              30-Nov-04

            	
              103,945

            	
              100,000

            	
              3,945

            	
              1,600,000

            	
              1-Nov-04

            	
              30-Nov-04

            	
              3.00%

            	
              1,500,000

            
	
              6

            	
              30-Dec-04

            	
              103,821

            	
              100,000

            	
              3,821

            	
              1,500,000

            	
              30-Nov-04

            	
              30-Dec-04

            	
              3.00%

            	
              1,400,000

            
	
              7

            	
              31-Jan-05

            	
              103,797

            	
              100,000

            	
              3,797

            	
              1,400,000

            	
              30-Dec-04

            	
              31-Jan-05

            	
              3.00%

            	
              1,300,000

            
	
              8

            	
              28-Feb-05

            	
              103,098

            	
              100,000

            	
              3,098

            	
              1,300,000

            	
              31-Jan-05

            	
              28-Feb-05

            	
              3.00%

            	
              1,200,000

            
	
              9

            	
              31-Mar-05

            	
              103,156

            	
              100,000

            	
              3,156

            	
              1,200,000

            	
              28-Feb-05

            	
              31-Mar-05

            	
              3.00%

            	
              1,100,000

            
	
              10

            	
              29-Apr-05

            	
              102,712

            	
              100,000

            	
              2,712

            	
              1,100,000

            	
              31-Mar-05

            	
              29-Apr-05

            	
              3.00%

            	
              1,000,000

            
	
              11

            	
              31-May-05

            	
              102,712

            	
              100,000

            	
              2,712

            	
              1,000,000

            	
              29-Apr-05

            	
              31-May-05

            	
              3.00%

            	
              900,000

            
	
              12

            	
              30-Jun-05

            	
              102,293

            	
              100,000

            	
              2,293

            	
              900,000

            	
              31-May-05

            	
              30-Jun-05

            	
              3.00%

            	
              800,000

            
	
              13

            	
              1-Aug-05

            	
              102,169

            	
              100,000

            	
              2,169

            	
              800,000

            	
              30-Jun-05

            	
              1-Aug-05

            	
              3.00%

            	
              700,000

            
	
              14

            	
              31-Aug-05

            	
              101,783

            	
              100,000

            	
              1,783

            	
              700,000

            	
              1-Aug-05

            	
              31-Aug-05

            	
              3.00%

            	
              600,000

            
	
              15

            	
              30-Sep-05

            	
              101,528

            	
              100,000

            	
              1,528

            	
              600,000

            	
              31-Aug-05

            	
              30-Sep-05

            	
              3.00%

            	
              500,000

            
	
              16

            	
              31-Oct-05

            	
              101,315

            	
              100,000

            	
              1,315

            	
              500,000

            	
              30-Sep-05

            	
              31-Oct-05

            	
              3.00%

            	
              400,000

            
	
              17

            	
              30-Nov-05

            	
              101,019

            	
              100,000

            	
              1,019

            	
              400,000

            	
              31-Oct-05

            	
              30-Nov-05

            	
              3.00%

            	
              300,000

            
	
              18

            	
              4-Jan-06

            	
              100,887

            	
              100,000

            	
              887

            	
              300,000

            	
              30-Nov-05

            	
              4-Jan-06

            	
              3.00%

            	
              200,000

            
	
              19

            	
              31-Jan-06

            	
              100,460

            	
              100,000

            	
              460

            	
              200,000

            	
              4-Jan-06

            	
              31-Jan-06

            	
              3.00%

            	
              100,000

            
	
              20

            	
              28-Feb-06

            	
              100,238

            	
              100,000

            	
              238

            	
              100,000

            	
              31-Jan-06

            	
              28-Feb-06

            	
              3.00%

            	
              -WWW.EXFILE.COM, INC -- 14833 -- ECOSS INC. -- EXHIBIT 10.4 TO FORM 20F-A

     

    EXHIBIT
      10.4

    

    
      Revenue
        

      Stamp

    

    

    Consulting
      Agreement

    

    This
      Agreement is made and entered into by and between ECOSS, Inc. (hereinafter
      referred to as “A”) and Athena & Partners Co., Ltd. (hereinafter referred to
      as “B”) with respect to the implementation of consulting rendered to A by B. The
      parties hereto hereby agree as follows:

    

    Article
      1
      (General Provisions)

    Among
      services of A’s administration departments, A shall entrust B with (1)
      Accounting and financial advisory services, (2) IR services, (3) Management
      consulting services with regard to general management support (hereinafter
      referred to as “the Consulting”), and (4) Auditing services, and B shall
      undertake these entrusted services.

    

    Article
      2
      (Implementation Period of the Consulting)

    (1)
      The
      starting day of the implementation period of the Consulting shall be May 1,
      2004.

    (2)
      The
      agreement period of the Consulting shall expire on June 30, 2004.

    (3)
      This
      Agreement shall be extended by providing a written application at least one
      (1)
      month before the expiration of the Consulting Agreement. The agreement period
      in
      this case shall be determined separately after due consultation.

    

    Article
      3
      (Contract Sum)

    (1)
      The
      compensation for the Consulting shall be as stated in the Schedule. (Consumption
      tax shall be separately added.)

    (2)
      B
      shall send an invoice for the contract sum set forth in the preceding paragraph
      to A every month, and A shall pay the amount for the applicable month by
      remittance to the bank account designated by B no later than the last day of
      each month.

    

    Article
      4. (Necessary Expenses)

    (1)
      Expenses, such as travel expenses, required for the implementation of the
      Consulting shall be included in the compensation in Paragraph 1 of the preceding
      article.

    (2)
      B
      shall charge to A such expenses that B deems it necessary to charge separately,
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    and
      whether or not payment shall be made and the payment amount shall be determined
      in each case after due consultation between A and B.

    

    Article
      5
      (Cooperation from A)

    (1)
      Acknowledging that B’s consulting will be more effective with full cooperation
      from A, A shall sincerely implement required A’s work for the implementation of
      B’s consulting.

    (2)
      When
      B implements its consulting at A’s office, A shall permit B to enter A’s office
      and use fixtures, fittings etc., free of charge, required for the implementation
      of consulting.

    

    Article
      6
      (Implementation Method)

    While
      obtaining A’s cooperation stipulated in Article 5 during the implementation
      period, B shall grasp the present situation and needs of A and shall implement
      the Consulting.

    

    Article
      7
      (Confidentiality)

    1.
      B
      shall be prohibited from disclosing or divulging to a third party A’s business
      or technical secrets (limited to items marked “confidential”) obtained through
      the Consulting.

    2.
      B
      shall use sufficient care in the handling of data, vouchers, books, etc.,
      regarding execution of the Consulting, and shall not bring any of these out
      of
      the business office of A, in principle, regarding the services to be implemented
      inside the business office of A. B shall obtain A’s prior written approval
      before disclosing or submitting data, vouchers, books, etc. to a third party
      or
      governmental authority.

    3.
      In
      implementing the Consulting, B shall neither photocopy nor reproduce data,
      vouchers, books, nor any other information of A without A’s prior written
      approval.

    4.
      Upon
      termination of the consulting service or A’s request at any time, B shall return
      data, vouchers, books, and reproductions thereof provided by A.

    5.
      B
      shall continue to observe the confidentiality described in this article after
      termination of the consulting services.

    

    Article
      8
      (Termination before Maturity)

    A
      shall
      be entitled to terminate this Agreement at any time by providing one (1) month’s
      prior notice to B.

    

    Article
      9
      (Termination)

    When
      coming under any one of the following paragraphs, A or B shall be entitled
      to

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    terminate
      this Agreement without requiring the notification of the other
      party.

    1.
      In the
      event of attachment, ancillary attachment, provisional disposition, or auction
      sale, or disposition for non-payment of taxes and other public charges or other
      disposition by public authority, or in the event of receipt of declaration
      of
      corporate consolidation, a filing of an application with the court to initiate
      corporate rehabilitation procedures, special conciliation procedures, or a
      filing of an application to initiate financial reconstruction under court
      supervision, bankruptcy or similar procedures, or declaration for an auction
      sale;

    2.
      In the
      event of receipt of administrative punishments such as revocation of business
      registration or a business license;

    3.
      In the
      event of grave concerns about the sound existence of the company, such as
      decrease in capital and discontinuation of business;

    4.
      In the
      event a draft or check has been dishonored; and 

    5.
      In the
      event of a breach of any of the provisions in this Agreement or individual
      agreements.

    

    Article
      10 (Consultation)

    Any
      matter not stipulated in this Consulting Agreement shall be settled amicably
      in
      good faith after due consultation between A and B.

    

    IN
      WITNESS WHEREOF, two (2) copies of this Agreement shall be made, and A and
      B
      hereto shall, after signing and affixing seals to the two copies, retain one
      copy each respectively. 

    

    26
      / Apr
      / 2004

    

    President
      Chihiro Tsuyuki

    ECOSS
      Inc.

    1-14-6
      Dougenzaka, Shibuya-ku, Tokyo, Japan

    

    President
      Yoshifumi Mamiya

    Athena
      & Partners Co., Ltd.

    302
      Minami Aoyama N95, 1-3-23 Minami Aoyama,

    Minato-ku,
      Tokyo, Japan

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Schedule:

    

    Contract
      Sum

    For
      May
      and June, 2004: JPY 300,000 per month

    Consumption
      tax shall be separately added to the above sum.

    

    Payment
      Method

    Pursuant
      to provisions in Paragraphs 1 and 2 of Article 3, A shall make the remittance
      by
      the end of every month to the bank account designated by B.

    

    Regards,
      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Memorandum

    

    This
      Memorandum is made and entered into by and between ECOSS, Inc. (hereinafter
      referred to as “A”) and Athena & Partners Co., Ltd. (hereinafter referred to
      as “B”) with respect to agreement of the following change to Schedule of
“Consulting Agreement” concluded on April 26, 2004. The parties hereto hereby
      agree as follows:

    

    1.
      Contract Sum

    As
      from
      October 2004

    JPY
      100,000 per month

    

    Consumption
      tax shall be separately added to the above sum.

    

    IN
      WITNESS WHEREOF, two (2) copies of this Memorandum shall be made, and A and
      B
      shall, after signing and affixing seals to both copies, each retain one (1)
      copy
      thereof. 

    

    01
      / Sep
      / 2004

    

    President
      Chihiro Tsuyuki

    ECOSS
      Inc.

    Shibuya
      HUMAX Bldg. 1-14-6 Dougenzaka, 

    Shibuya-ku,
      Tokyo, Japan

    

    President
      Yoshifumi Mamiya

    Athena
      & Partners Co., Ltd.

    302
      Minami Aoyama N95, 1-3-23 Minami Aoyama,

    Minato-ku,
      Tokyo, Japan

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