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      EXHIBIT
        4.17

      

      Agreement
        on Imported Material for Processing

      

      Party
        A:
        Shenzhen Long Gong City Ping Hu Golden Bright Factory 

      (or
        named
        Processing Factory below)

      Party
        B:
        Golden Bright Plastic Manufacturing Co. Ltd. 

      Business
        Unit: Shenzhen Long Gong City Foreign Economic Services Company

      

      The
        three
        parties are on the basis of obeying the laws and related regulations of PRC,
        with equality and mutual benefits. Regarding to the processing assembly of
        plastic products, electronic assembly, toy products, etc business for Party
        B,
        it is agreed unanimously as follows:

      

      1. Responsibility
        of each party:

      

      Party
        A responsible to -

      	1)  	
              Provides
                location on Long Gong City, gross area is 1,000 square meter., with
                50-100
                workers, for production of the above processing assembly product
                to Party
                B for delivery to Hong Kong and other
                countries.

            

      	2)  	
              Provides
                the existing facilities of water and electricity supply for production.
                Party B is responsible for the newly installation of facilities and
                the
                consumption of water on production and electricity
                expenses.

            

      	3)  	
              Provides
                assistance to Party B on import and export
                issues.

            

      	4)  	
              Provides
                the factory manager, accounting and warehouse personnel for supervising
                the operation of factory and finance
                management.

            

      

      Party
        B responsible to -

      	1)  	
              Provides
                the production equipment facilities without asking to pay
                (see attached list). The
                value of the equipment is HK$300,000. The property right belongs
                to Party
                B.

            

      	2)  	
              Without
                asking to pay to provide the processing raw material, accessory material,
                packaging material etc.

            

      	3)  	
              Suggests
                Party A to change the workers if the workers cannot reach the standard
                after training but have no right to layoff
                workers.

            

      	4)  	
              Pays
                any charges imposed on supervising the processing raw material, accessory
                material, packaging material etc.

            

      

      2.
        The Processing Quantity:

       

      	1)  	
              90,000
                orders quantity will be processed by Party B in the First Year and
                the
                processing fee is approximately HK$30,000 paid by Party A. There
                shall be
                increment of processing quantity in the Second Year. Party B shall
                fix the
                processing quantity based on this agreement (Production
                Contract)

            

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      3.
        The Local Labor Working Fee:

      

      	1)  	
              The
                trail (training) period is 3 months. During the trail period, the
                monthly
                local labor working fee is HK$550 per head (25 working days per month
                and
                eight hours per day). Party B shall get the approval from Party A
                for
                arranging work overtime and the extra allowances shall be added to
                the
                normal local labor working fee.

            

      	2)  	
              After
                the trail period, the monthly local labor working fee is set as HK$650
                or
                above per head and shall be adjusted according to inflation rate
                in every
                two years.

            

      	3)  	
              Party
                B is responsible for the consumption of water on production and
                electricity expenses.

            

      	4)  	
              Party
                B shall pay the fixed local labor working fee HK$13,000 monthly for
                the
                factory and production facilities provided by Party A and remit to
                Party A
                through the bank in China. The fee shall be adjusted according to
                inflation rate in every two years.

            

      	5)  	
              Party
                B shall not pay the working fee to the workers directly. The working
                fee
                must remit to Party A according to the regulation of
                country.

            

      

      4. Ratio
        of Wastage:

      

      	1)  	
              During
                trial production period, Party B provides the raw and accessory materials
                without asking to pay, and report the actual
                wastage.

            

      	2)  	
              After
                the trial production period, the ratio of wastage is agreed by both
                parties, and list out in the Production
                Contract.

            

      

      5. Imported
        Material and Delivery:

      

      	1)  	
              Party
                B should fix the processing quantity based on this agreement (Production
                Contract), and provide enough raw & accessory material, and packaging
                materials for each month usage. In order for the normal production
                in
                factory, Party B is required to deliver the raw & accessory material,
                and packaging materials to the Processing Factory seven days in advance
                before the start of production.

            

      	2)  	
              In
                order for Party B to start the normal activities, the Processing
                Factory
                should deliver to Party B according to the agreed delivery date,
                time,
                quality, and quantity stated in the Production
                Contract.

            

      	3)  	
              Party
                B provides the machinery, light, ventilation facilities and raw &
                accessory material, packaging materials etc. The transaction takes
                place
                in the Processing Factory. After processing the products by the Processing
                Factory, Party B inspects the products and arrange transportation,
                and the
                Processing Factory will not be responsible for any shortage and re-do
                work.

            

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      6. Way
        of Remittance:

      

      	1)  	
              Local
                labor working fee is to be settled monthly. Party B is required to
                purchase the bank draft (or cashier order) from the bank in Hong
                Kong to
                Party A. Party A can draw the money from the bank issued the bank
                draft
                through the Bank of China (Long Gong branch) by the Business Unit,
                Shenzhen Long Gong City Foreign Economic Services Company. If the
                payment
                is 15 days overdue, additional interest based on current bank interest
                rate is required to pay to Party A. If the payment is 30 days overdue,
                Party A reserves the right to stop the delivery or take any other
                actions.

            

      

      7. Transportation
        and Insurance:

      

      	1)  	
              Party
                B provides the equipment facilities, raw & accessory materials,
                packaging material and also responsible for the transportation expense
                after processing by the Processing
                Factory.

            

      	2)  	
              Party
                B should buy the insurance from China People’s Insurance Co Ltd covering
                the risk for importing of raw, accessory and packaging material;
                exporting
                of finished products; the equipment facilities, the raw, accessory
                and
                packaging material stored in the factory during the processing period;
                as
                well as the labour and property risk.

            

      

      8. Exchange
        of Technology:

      

      After
        the
        machinery facilities arrived at the Processing Factory, Party B should arrange
        technician to install the machineries as soon as possible. The Processing
        Factory shall provide assistance. Starting from the trial production period,
        Party B should arrange technological training to the workers until the workers
        can basically understand the production technology and process the normal
        production. Party B is responsible for the trainer salary and all training
        expenses. The Processing Factory is responsible to provide a convenient living
        condition for the appointed trainers.

      

      9. Arbitration
        :

      

      Any
        unclear issues in this agreement, both parties can compromise to change and
        supplement. In case of any dispute, both parties should try to solve the
        dispute
        in a harmonious way. If the dispute can be solved, the case shall be filed
        to
        the China International Trade Development Committee and the Foreign Economic
        Trade Arbitrary Committee Shenzhen Branch Committee for arbitration. Both
        parties should obey the final decision made by the arbitration. The fail
        party
        is responsible for the arbitrary expense.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      10.
        Validity
        of Agreement :

      

      This
        agreement is valid for 7 years with immediate effect from the date approved
        by
        the related authority and signed by all parties. The validity period is February
        20, 1993 to February 20, 1999. For any early termination or extension of
        this
        agreement, it is required to give 3 months’ notice to the other party. Both
        parties shall agree and the related authorities shall approve for the
        termination or extension. The party terminated the agreement shall pay one
        month
        local labor working fee to the other party as compensation.

      After
        the
        expiry of the agreement, the property right of the fixed assets (e.g. factory,
        dormitory building) and any machinery sold to Party A before shall belong
        to
        Party A. The property right of the movable assets provided by Party B (e.g.
        machinery, facilities, vehicles etc) without asking to pay before shall belong
        to Party B and is required to handle according to the regulations set by
        Customs.

      Any
        party
        fails to execute this agreement after the agreement come into effective for
        two
        months, the other party reserves the right to terminate the agreement after
        getting the approval from the related authority.

      If
        Party
        B fails to produce in six consecutive months, Party A reserves the right
        to
        terminate the agreement after getting the approval from the related authority.
        Party B shall compensate any losses occurred to Party A.

      This
        Agreement has 6 original copies. Party A, Party B and the Business Unit will
        each have a set of original copy that all have equal binding power. There
        are
        also several duplicate copies.

      For
        any
        other issues not included in this agreement, amendment on this agreement
        or
        supplementary agreement shall be made and need the approval by the related
        authority in order to come into effective.

      

      Party
        A:
        Shenzhen Long Gong City Ping Hu Golden Bright Factory

      Party
        B:
        Golden Bright Plastic Manufacturing Co. Ltd.

      Business
        Unit: Shenzhen Long Gong City Foreign Economic Services Company 

      (all
        Parties signed and stamped)

      Signed
        in
        Shenzhen on 17 February, 1993Unassociated Document

    

      EXHIBIT
        4.18

      

      Supplementary
        Agreement on Imported Material for Processing

      

      Party
        A:
        Shenzhen Long Gong City Ping Hu Golden Bright Factory 

      Party
        B:
        Golden Bright Plastic Manufacturing Co. Ltd.

      Business
        Unit: Shenzhen Long Gong City Foreign Economic Services Company

      

      The
        original agreement is expired on 20 February, 1999. Due to successful mutual
        cooperation and the expansion on production capacity, Party A and Party B
        agree
        to extend the agreement by ten years, i.e. the new expiry date is 20 February,
        2009. Below are the supplementary clauses:

      

      	1.  	
              Fixed
                Processing Fee is adjusted to USD1.67 per square meter
                monthly.

            

      	2.  	
              Local
                Labour Working Fee is adjusted to HKD650 per head monthly.
                

            

      

      The
        adjustment will be made according to inflation rate in every two
        years.

      All
        other
        clauses remain unchanged.

      

      Party
        A:
        Shenzhen Long Gong City Ping Hu Golden Bright Factory 

      Legal
        Representative (signature) :

      Address
        :

      Telephone
        :

      

      Party
        B:
        Golden Bright Plastic Manufacturing Co. Ltd. 

      Legal
        Representative (signature) :

      Address
        :

      Telephone
        :

      

      Business
        Unit: Shenzhen Long Gong City Foreign Economic Services Company

      Person-in-charge
        (signature) :

      Address
        :

      Telephone
        :

      

      (all
        Parties signed and stamped)

      

      Signed
        on
        19 October, 1998

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