Document:

MANAGEMENT SERVICES AGREEMENT

THIS AGREEMENT made this _____ day of _________, 199___.

BETWEEN:	REBOUND RUBBER CORPORATION
		600 - 3795 Carey Road
		Victoria, British Columbia
		V8Z 6T8

		(hereinafter referred to as "Rebound")

		OF THE FIRST PART

AND:		KENTUCKY FINANCIAL INC.
		5630 Batu Road
		Victoria, British Columbia
		V8Z 6K5

		(hereinafter referred to as the
		"Contractor")

		OF THE SECOND PART

WHEREAS Rebound Rubber Corporation has acquired certain
technology rights which it intends to develop and promote
in the North American market and eventually the world market
and the Board of Directors has initiated a plan of action to
evaluate business strategies and develop appropriate
profitable business activities or associations, and pursuant
thereto the Company requires the services of management
personnel,

AND WHEREAS the Company is in an uncertain financial
position and, consequently, is not empowered to make long
term financial commitments,

THEREFORE, the parties hereto agree as follows:

1.	Term:

	This contract shall be on a month-to-month basis
with a minimum period of operation of nine (9) months.

2.	Commencement:

Commencement is April 1, 1998 (to be extended for a further
one year if agreed by both parties)

<PAGE>1

3.	Remuneration:

	Remuneration shall be at the rate of $8,000.00 per
month for each month the contract is activated (subject to
review for the one year extension)

4.	Payment Terms:

	Payment shall not be required to be paid monthly
but shall accrue as an obligation of Rebound to the Contractor.
Payments will be made in such amounts and at such times
that management deems appropriate relative to cash resources
available or contemplated for the Company.

5.	Conditions of Employment:

	Rebound recognizes that the compensation herein may
not be commensurate with normal industry standards pursuant
to the qualifications and experience of the Contractor's
designated personnel.  Accordingly, Rebound agrees to consider
additional remuneration from time to time pursuant to
intensified activity periods and may compensate the Contractor
or their designated personnel by way of stock options, bonuses
or other incentive remuneration.

6.	Position:

	The Contractor shall supply on an equivalent to full
time basis a designated executive employee to fulfill the
position of  Chief Executive Officer of the Company.  Until
such time and unless as agreed otherwise, the designated
person pursuant to this contract shall be D. Elroy Fimrite.
By mutual agreement, the Contractor and Rebound may change
this designation, subject to approval of regulatory bodies
as required.

7.	Duties:

	The Chief Executive Officer shall be responsible for:

- 	general management of the entire corporate entity;

-	the development of a strategic posture, definition of
	corporate objectives and strategy for achievement
	thereof;

- 	review and revamping of corporate structure;

-	interface with shareholders, other management and
	regulatory bodies;

-	fund raising activities and corporate structuring
	to accommodate same.

<PAGE>2

IN WITNESS WHEREOF the parties hereto hereby agree to the
above terms and conditions and have executed this Agreement
on the day and year first written above.

REBOUND RUBBER CORP.

/s/MICHAEL PINCH		/s/ KEN MOWERS
--------------------		----------------
Authorized Signatory		Witness

KENTUCKY FINANCIAL INC.

D.ELROY FIMRITE
--------------------		seal
Authorized Signatory

<PAGE>3

MANAGEMENT SERVICES AGREEMENT

	ADDENDUM

WHEREAS Rebound Rubber Corporation (Rebound) has
an agreement dated April 1, 1998 with Kentucky Financial
Inc. ( the "Contractor") for the provision of management
services and

WHEREAS Rebound and the Contractor wish to extend the
agreement for an additional year to December 31, 1999
as provided in the agreement,

THEREFORE	the parties agree as follows:

The term of the agreement will be one year commencing
on January 1, 1999 and ending on December 31,1999.

Compensation shall be at the rate of $11,625.00 per
month for the 12 month period.

All other terms and conditions will remain the same.

IN WITNESS WHEREOF the parties hereto hereby agree to
the above terms and conditions and have executed this
Agreement as at January 4, 1999.

REBOUND RUBBER CORP.

/s/ MICHAEL PINCH		/s/ MARILYN DUMONT
--------------------		---------------------
Authorized Signatory		Witness

KENTUCKY FINANCIAL INC.

D.ELROY FIMRITE
--------------------		seal
Authorized Signatory

<PAGE> 4MANAGEMENT SERVICES AGREEMENT

THIS AGREEMENT made this _____ day of _________, 199___.

BETWEEN:	REBOUND RUBBER CORPORATION
		600 - 3795 Carey Road
		Victoria, British Columbia
		V8Z 6T8
			(hereinafter referred to as "Rebound")

			OF THE FIRST PART

AND:		SHINA INVESTMENTS LTD.
		P.O. Box 422,
		Brentwood Bay, British Columbia
		V8M 1R3
			(hereinafter referred to as the "Contractor")

			OF THE SECOND PART

WHEREAS Rebound Rubber Corporation has acquired certain technology
rights which it intends to develop and promote in the North
American market
and eventually the world market and the Board of Directors has
initiated a
plan of action to evaluate business strategies and develop
appropriate
profitable business activities or associations, and pursuant
thereto the
Company requires the services of management personnel,

AND WHEREAS the Company is in an uncertain financial position
and,
consequently, is not empowered to make long term financial
commitments,

THEREFORE, the parties hereto agree as follows:

1.	Term:

This contract shall be on a month-to-month basis with a minimum
period of operation of nine (9) months.

2.	Commencement:

Commencement is April 1, 1998 (to be extended for a further one
year if agreed by both parties)

<PAGE>1

3.	Compensation:

Compensation shall be at the rate of $6,000.00 per month for each
month the contract is activated (subject to review for the one year
extension)

4.	Payment Terms:

Payment shall not be required to be paid monthly but shall accrue
as an obligation of Rebound to the Contractor.  Payments will be
made in such amounts and at such times that management deems
appropriate relative to cash resources available or contemplated
for the Company.

5.	Conditions of Employment:

Rebound recognizes that the compensation herein may not be
commensurate with normal industry standards pursuant to the
qualifications and experience of the Contractor's designated
personnel.  Accordingly, Rebound agrees to consider additional
remuneration from time to time pursuant to intensified activity
periods and may compensate the Contractor or their designated
personnel by way of stock options, bonuses or other incentive
remuneration.

6.	Position:

The Contractor shall supply on an equivalent to full time basis a
designated executive employee to fulfill the position of  Chief
Financial Officer of the Company.  Until such time and unless
as agreed otherwise, the designated person pursuant to this
ontract shall be Michael Pinch.  By mutual agreement, the
Contractor and Rebound may change this designation, subject
to approval of regulatory bodies as required.

7.	Duties:

	The Chief Financial Officer shall be responsible for:

- 	all financial and accounting records including
preparation for audit;

-	all statutory filings and remittances including the
filing of Corporation Tax Returns and other information returns;

- 	financial projections, budgets and business plan
preparation together with the Chief Executive Officer

-	financial evaluation of target businesses or potential
acquisitions or mergers;

-	other financial, tax or corporate administrative
duties.

<PAGE>2

IN WITNESS WHEREOF the parties hereto hereby agree to
the above terms and conditions and have executed this
Agreement on the day and year first written above.

REBOUND RUBBER CORP.

/s/ D. ELROY FIMRITE			/s/ KEN MOWERS
-----------------------------		---------------
Authorized Signatory			Witness

SHINA INVESTMENTS LTD..

/s/ MICHAEL PINCH
-------------------------------------		seal
Authorized Signatory

<PAGE>3

MANAGEMENT SERVICES AGREEMENT
ADDENDUM

WHEREAS Rebound Rubber Corporation (Rebound) has an
agreement dated April 1, 1998 with Shina Investments Ltd.
("the "Contractor") for the provision of management
services and

WHEREAS Rebound and the Contractor wish to extend the
agreeement for an additional year to December 31, 1999
as provided in the agreement,

THEREFORE the parties agree as follows:

1. The term of the agreement will be one year commencing on
January 1, 1999 and ending on December 31, 1999.

2. Compensation shall be at the rate of $7,750.00 per
month for the 12 month period.

3. All other terms and conditions will remain the same.

IN WITNESS WHEREOF the parties hereto agree to
the above terms and conditions and have executed
this Agreeement as at January 4, 1999.

REBOUND RUBBER CORP.

/s/ D.ELROY FIMRITE		/s/ MARILYN DUMONT
-------------------		-----------------------
Authorized Signatory		Witness

SHINA INVESTMENTS LTD.

/s/ MICHAEL C.  PINCH			seal
---------------------------------------
Authorized SigantoryTHE TECHNOLOGY OF THE ACTIVATION AND
TRANSMUTATION OF RUBBER POWDER (INCLUDING
ACTIVATORS AND MODIFIERS SYNTHETIC TECHNOLOGY),
AND THE TECHNOLOGY OF RUBBER RENEWAL
(INCLUDING RENEWAL AGENTS SYNTHETIC TECHNOLOGY)

AGREEMENT ON THE TRANSFER OF TECHNOLOGICAL
ACHIEVEMENT

	Party A: 	Guang Zhou Research Institute for
			Utilization of
			Reclaimed Resources

	Party B:	Canadian Rebound Rubber Corp.

SUMMARY

	Guang Zhou Research Institute for Utilization of
Reclaimed Resources was approved for establishment by Guangzhou
Municipal Registration Council at the end of 1979 as an all
purpose people's enterprises unit.  Its main scope of research
is the renewal and utilization of waste organic  macromolecular
materials (such as waste rubber, waste plastics, waste chemical
fibres), and multiple-utilization research and development, so
as to broaden new resources for the nation and eliminate
environmental pollution.  With the last 10 or so years since
the organization's establishment, supported by many, this
institute has developed into a multi-disciplined, multi-operation
joint research centre for waste macromolecular compounds and
materials.  It has unified its operations combining technology
and commerce as one, enjoying certain influence domestically as
a scientific research institute and is recognized nationally and
internationally as having had outstanding achievements in the
renewal and utilization of waste rubber.

	The Canadian Rebound Rubber Corp. specializes in
environmental protection technology research and development,
"three wastes" multiple utilization technology development,
high engineering, construction and other trades.

	Parties A and B, on the basis of equality, mutual
benefit, and sincere and friendly joint cooperation, make
the following terms and conditions to be jointly observed.

TERMS AND CONDITIONS

ONE, Party A's Responsibilities

1.	Party A provides to Party B the research achievements
of the four technologies:  the technology concerning the
activation and transmutation of rubber, activators and modifiers
synthetic technology, emulsified rubber renewal technology,
and renewal agents synthetic technology for Party B's sue
for production purposes.  Party A guarantees that the quantity
and the quality of activated and transmutated  rubber powder
meet the nation's "Eight Five" technology task force's
requirements and the quality and quantity of the renewed
rubber meet the prescribed standards indicated by the
technology assurance manual.  (for detailed measurement
indicators see attached technology assurance manual).
2.	Party A will provide to Party B production line
technological processes, model names and model numbers of
major equipment and apparatuses, major manufacturers,
and is responsible for equipment installation and production
adjustment trials.
3.	Party A will provide training and testing of key
technology staff and quality assurance staff, without
additional payment for such training.  However, trainees
shall be responsible for own travel, food
and lodging expenses.
4.	In order to protect the economic interest of
Party B subsequent to its agreement to the technological
achievements transfer, Party A will not within the production
territory of Party B transfer or assign related
technological achievements.

TWO, Party B's Responsibilities

1.	Party B provides to Party A a transfer fee for
the achievements of the four technologies:  US $500,000
(US $100,000 for the technology of the activation and
transmutation of rubber powder, US $250,000 for activators
and modifiers synthetic technology, US $50,000 for rubber
renewal technology, and US $100,000 for renewal agents
synthetic technology).  Upon the Contract taking effect
when executed and sealed, payment shall be made to the
account of Party A by three installments, the first payment,
the sum of US $170,000, before April 13, 1997, the second
payment, the sum of US $170,000, before July 13, 1997
and the third payment of US $160,000 before
October 13, 1997.
2.	Party B is responsible for constructing plant,
plant facilities and acquisition of specialized equipment,
apparatuses management, technological staff and
production workers.
3.	During Party B's construction and trial productions,
engineering technologists sent by Party A to assist Party B
during these processes shall have their travel, food and
lodging expenses covered by Party B.
4.	Party B shall only have the right to utilize the
four technologies:  the technology of the activation and
transmutation of rubber powder, activators and modifiers
synthetic technology, rubber renewal technology
and renewal agent synthetic technology and may not assign
or transfer
such technology.

THREE

Upon signing, sealing and giving effect to the
Agreement, Parties A and B shall strictly comply with
each and every term of the Agreement.  Party which
contravenes the same shall compensate the other forall
economic losses.

FOUR

	This Agreement shall be in four copies
(four in Chinese and four in English).
Parties A and B shall retain two copies in
Chinese and two copies in English.

FIVE

	The Chinese copy shall prevail as the
standard for this Agreement.

Party A:  Guang Zhou Research Institute for
		Utilization of Reclaimed Resources.

/s/ LI XING RU
------------------------------------------		seal
Authorized Signatory

Party B:	Canadian Rebound Rubber Corp.

/s/ D. ELROY FIMRITE
-------------------------------
Authorized Sigantory

					seal
/s/ MICHAEL PINCH
------------------------------
Authorized Signatory
						March 12, 1997

 THE TECHNOLOGY OF THE ACTIVATION AND
TRANSMUTATION OF RUBBERPOWDER (INCLUDING
ACTIVATORS AND MODIFIERS SYNTHETIC-TECHNOLOGY),
AND THE TECHNOLOGY OF RUBBER RENEWAL (INCLUDING
RENEWAL AGENTS SYNTHETIC TECHNOLOGY)

AGREEMENT ON THE TRANSFER OF TECHNOLOGICAL
ACHIEVEMENT

	Party A: 	Guang Zhou Research Institute
			for Utilization of Reclaimed
			Resources

	Party B:	Canadian Rebound Rubber Corp.

SUMMARY

	Guang Zhou Research Institute for Utilization
of Reclaimed Resources was approved for establishment
by Guangzhou Municipal Registration Council at the end
of 1979 as an all purpose people's enterprises unit.
Its main scope of research is the renewal and utilization
of waste organic  macromolecular materials (such as waste
rubber, waste plastics, waste chemical fibres), and
multiple-utilization research and development, so as
to broaden new resources for the nation and eliminate
environmental pollution.  With the last 10 or so years
since the organization's establishment, supported by many,
this institute has developed into a multi-disciplined,
multi-operation joint research centre for waste
macromolecular compounds and materials.  It has unified
its operations combining technology and commerce as one,
enjoying certain influence domestically as a scientific
research institute and is recognized nationally and
internationally as having had outstanding achievements in
the renewal and utilization of waste rubber.

	The Canadian Rebound Rubber Corp. specializes in
environmental protection technology research and development,
"three wastes" multiple utilization technology development,
high engineering, construction and other trades.

	Parties A and B, on the basis of equality, mutual
benefit, and sincere and friendly joint cooperation, make
the following terms and conditions to be jointly observed.

TERMS AND CONDITIONS

ONE, Party A's Responsibilities

Party A provides to Party B the research achievements of
the four technologies:  the technology concerning the
activation and transmutation of rubber, activators and
modifiers synthetic technology, emulsified rubber renewal
technology, and renewal agents synthetic technology for
Party B's sue for production purposes.  Party A guarantees
that the quantity and the quality of activated and
transmutated  rubber powder meet the nation's "Eight Five"
technology task force's requirements and the quality and
quantity of the renewed rubber meet the prescribed standards
indicated by the technology assurance manual.
(for detailed measurement indicators see attached
technology assurance manual).
Party A will provide to Party B production line
technological processes, model names and model numbers
of major equipment and apparatuses, major manufacturers,
and is responsible for equipment installation and
production adjustment trials.
Party A will provide training and testing of key
technology staff and quality assurance staff, without
additional payment for such training.  However, trainees
shall be responsible for own travel, food and lodging
expenses.
In order to protect the economic interest of Party B
subsequent to its agreement to the technological
achievements transfer, Party A will not within the
production territory of Party B transfer or assign
related technological achievements.

TWO, Party B's Responsibilities

Party B provides to Party A a transfer fee for the
achievements of the four technologies:  US $500,000
(US $100,000 for the technology of the activation and
transmutation of rubber powder, US $250,000 for activators
and modifiers synthetic technology, US $50,000 for rubber
renewal technology, and US $100,000 for renewal agents
synthetic technology).  Upon the Contract taking effect
when executed and sealed, payment shall be made to the
account of Party A by three installments, the first
payment, the sum of US $170,000, before April 13, 1997,
the second payment, the sum of US $170,000, before
July 13, 1997 and the third payment of US $160,000
before October 13, 1997.
Party B is responsible for constructing plant, plant
facilities and acquisition of specialized equipment,
apparatuses management, technological staff and
production workers.
During Party B's construction and trial productions,
engineering technologists sent by Party A to assist
Party B during these processes shall have their travel,
food and lodging expenses covered by Party B.
Party B shall only have the right to utilize the four
technologies:  the technology of the activation and
transmutation of rubber powder, activators and modifiers
synthetic technology, rubber renewal technology and
renewal agent synthetic technology and may not assign
or transfer such technology.

THREE

Upon signing, sealing and giving effect to the Agreement,
Parties A and B shall strictly comply with each and
every term of the Agreement.  Party which contravenes
the same shall compensate the other forall economic
losses.

FOUR

	This Agreement shall be in four copies
(four in Chinese and four in English).
Parties A and B shall retain two copies in
Chinese and two copies in English.

FIVE

	The Chinese copy shall prevail as the
standard for this Agreement.

Party A:  Guang Zhou Research Institute for
	  Utilizatin of Reclaimed Resources.

/s/ LI XING-RU
--------------------
Authorized Signatory

Party B:	Canadian Rebound Rubber Corp.

/s/D.ELROY FIMRITE
-------------------
Authorized Sigantory
			 	March 12, 1997

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