Exhibit 10.2
Extension Agreement
Xxxx Xxx Zi (9) No
Party A: Shenzhen City Bao An County External Trading Company in
corporation with Bao An County Concord H.G. Electronic
Manufacturer.
Party B: Concord Camera H.K. Ltd.
The original Bao Xxxx Xxx Zi (86) No 507 Agreement entered by the two
parties expired on 28 October 1991. As there was good cooperation in the
discharge of the original Agreement by both parties and in order to further
expand the production development, following friendly negotiations the two
parties hereby agree to extend the terms of the original Agreement for 5 years
to 28 October 1996, with all the provisions of the original Agreement remaining
unchanged, and incorporation of the following provisions:
1. Fixed work payment adjusted to 13 Hong Kong Dollars per square
meter.
2. Labour wages Payment adjusted to 600 Hong Kong Dollars monthly per
head.
Party A: Party B: Xxxxxx Xxx
Representative: Representative:
Factory of Party A: Xxxxx Xxxxx
22 June 1991
Approval of Agreement Extension
(91) Xxxx Xxx Xxx Xxx Xx Xx No 290
Approval is hereby given to the Bao Xxxx Xxx Xu Zi (91) No 136 extension
Agreement entered between Concord H.G. Electronic Factory and Concord Camera
H.K. Ltd. on 24 June 1991. All the provisions of the original Shen Long Wai Xxxx
Xxx Zi (86) No 507 Agreement shall remain unchanged. The extension is 5 years
and expires on 28 October 1996.
Bao An County External Economic
24 June 1991
cc: Wen Xxx Xxx sub-customs Shenzhen Branch, Bank of China
Shenzhen Municipal Port Office Bao An County External Trade Compay
