MANAGEMENT SERVICES AGREEMENT
This AGREEMENT is made on August 8, 2002
(1) Dongguan Changan County Changshi Development Company, having its address at the 11 TH Floor, Changan Group
Building, Changan County, Dongguan City, Guangdong Province, the People’s Republic of China (hereinafter referred to as “
Party A ”); and
(2) Timerson Limited, a company having its address at the 14 TH Floor, QPL Industrial Building, 138 Texaco Road, Tsuen
Wan, New Territories, Hong Kong (hereinafter referred to as “ Party B ”).
Party A and Party B shall sometimes hereinafter be referred to a “ Party ” individually and the “ Parties ” collectively.
Capitalized terms not defined in this Agreement shall have the same meanings ascribed to them in the Lease Agreement (defined
(1) An agreement has been reached between Party A and Party B for the lease of the Facilitised Factory Facilities (the “
Lease Agreement ”).
(2) Party A agrees to construct the Facilitised Factory Facilities, to apply for all necessary governmental and regulatory
approvals and to lease to Party B the Facilitised Factory Facilities and the land-use rights to the Construction Land after the
completion of the construction of the Facilitised Factory Facilities.
(3) Party A also agrees to provide Party B with the related management services. Party B agrees to accept the management
services provided by Party A and pay Party A a fixed fee for such management services on a monthly basis.
NOW THEREFORE, through friendly negotiations and in consideration of the mutual benefits, terms and conditions set
forth in this Agreement, the Parties agree as follows:
1. Management Services to be Provided by Party A starting the Handover Date
1.1 Party A shall nominate candidates for one plant manager, one officer dealing with the customs authorities, one qualified
safety supervisor, and one financial officer responsible for internal administ