Supplementary Agreement on Imported Material for Processing
EXHIBIT
4.18
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
