0001019155-04-000151 Sample Contracts

and OWNERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY RECEIPTS Deposit Agreement Dated as of _________________, 2004
Deposit Agreement • April 15th, 2004 • Grand Toys International LTD • Wholesale-misc durable goods • New York

DEPOSIT AGREEMENT dated as of _______________, 2004 among GRAND TOYS INTERNATIONAL LIMITED, incorporated under the laws of Hong Kong (herein called the Company), THE BANK OF NEW YORK, a New York banking corporation (herein called the Depositary), and all Owners and Beneficial Owners from time to time of American Depositary Receipts issued hereunder.

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