Shen Bao Qing Yio Zi (86) No. 507
Party A: Baoan County Foreign Trade Company, Shenzhen Concord Electronic Factory, Henggang, Baoan
Party B: Concord Camera Enterprises Company Ltd.
Under the prerequisite that the two Parties shall abide by the laws and pertinent regulations of the People's
Republic of China, both Parties have, in accordance with the principle of mutual benefit and after full consultation,
unanimously reach the following agreement regarding the processing of security systems, and electronic products
1. Responsibilities of the two Parties
(1) Party A's responsibilities:
(i) Party A's factory shall provide 2,000 square meters of factory plant with roof, ____ square meters of land site
without roof, and a production team of 300-500 workers. Within the effective period of the Agreement, Party
A's factory shall process and manufacture the above products for Party B. The processed products shall be
returned to Party B for reshipment to Hong Kong.
(ii) Party A's factory shall provide the existing water and electricity equipment for processing and production use.
In the event that new water and electricity facilities need to be installed, Party B shall be responsible for the
relevant charges pertaining to the purchase price and installation costs of these facilities.
(iii) To assist Party B to handle the import and export formalities relating to the processing business.
(iv) To appoint the factory manager, the financial accountant and the warehouse personnel, and to be responsible
for the administration and financial management of the factory.
(2) Party B's responsibilities:
(i) To provide at no cost the necessary equipment (see attached detailed list) that are needed for the
processing and manufacturing of the products. The equipment shall be delivered in different batches to Party A's
factory, and shall have a value of 8,500,000 Hong Kong Dollars approximately. The ownership of such property
shall belong to Party B.