EXHIBIT 10.34
THIS AGREEMENT is made the 31st day of January 1996
BETWEEN:
1. XXXX XXXXX XXX of Flat E, 28/F, Ngan Sing Mansion, Xxx Xxx Shing, Hong
Kong (hereinafter called "the First Lender");
2. XXXX XX XXXX, XXXX of 0/X, 00 Xxxxxx Xxxx, Xxxxxxxx, Xxxx Xxxx
(hereinafter called "the Second Lender"); and
3. CREATIVE MASTER LIMITED, a company incorporated with limited liability
under the laws of Hong Kong with its registered office at 8/F, Xxxxx
Industrial Building, 18 Bedford road, Tai Xxx Xxxx, Kowloon, Hong Kong
(hereinafter called "the Borrower").
WHEREAS:
A. The First and Second Lenders agree at the request of the Borrower to
lend to the Borrower an unsecured sum of Hong Kong Dollars Five
Hundred Thousand (HK$500,000) each upon the terms and conditions
hereinafter appearing.
NOW IT IS HEREBY AGREED as follows:
1. LOAN
The First and Second Lenders shall lend Hong Kong Dollars Five Hundred
Thousand (HK$500,000) each and the Borrower shall borrow a total sum
of Hong Kong Dollars One Million (HK$1,000,000) (hereinafter called
"the loan").
2. TERMS OF LOAN
The Borrower shall repay the loan or any part thereof and all other
moneys or part thereof which may at any time be due and payable to the
Lenders hereunder upon receiving the Lenders' notice to do so. The
Borrower shall also be entitled to repay any part of the loan at any
time hereafter upon giving the Lenders not less than one week's notice
of the Borrower's intention.
3. INTEREST
The Loan shall be interest-free.
4. GOVERNING LAW
The construction, validity and performance of this Agreement shall in
all respects be governed by the laws of Hong Kong.
AS WITNESS the parties have hereunto set their hands the day and year first
above written.
Signed, Sealed and Delivered by )
XXXX Xx Xxxx, Xxxx )
in the presence of: )
)
Signed, Sealed and Delivered by )
XXXX Xxxxx Pui )
in the presence of: )
)
The Common Seal of )
Creative Master Limited )
was hereunto affixed )
in the presence of: )
)
