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本協議于1992年9月20日在中國青島由有關雙方在平等互利基礎上達成，按雙方同意的下列條件發展業務關系：

This agreement is made and entered into by and between the parties concerned on September 20,1992 in Qingdao, China on the basis of equality and mutual benefit to develop business on terms and conditions mutually agreed upon as follow:

1. 協議雙方 The Parties Concerned

甲方：青島宏達實業有限公司

地址：中國青島瞿塘峽路25號

電話：(0532)2877932

傳真：(0532)2876415

Party A: Qingdao Hongda Industrial Co., Ltd.

Add: 25 Qutangxia Road, Qingdao, China

Tel: (0532)2877932

Fax: (0532)2876415

乙方：華興貿易私人有限公司

地址：新加坡滑鐵盧街126號(0718)

電話：3366436

傳真：3397862

Party B: Huaxing Trading Company (Pte) Ltd.

Add: 126 Waterloo Street, Singapore 0718

Tel: 3366436

Fax: 3397862

2. 委任 Appointment

甲方指定乙方為其獨家代理，為第三條所列商品從第四條所列區域的顧客中招攬訂單，乙方接受上述委任。

Party A hereby appoints Party B as its Exclusive Agent to solicit orders for the commodity stipulate in Article 3 from customers in the territory stipulated in Article 4, and Party B accepts and assumes such appointment.

3. 代理商品 Commodity

“金魚”牌洗衣機?！癎olden Fish” Brand Washing Machines

4. 代理區域 Territory

僅限于新加坡 In Singapore only

5. 最低業務量 Minimum turnover

乙方同意，在本協議有效期內從上述代理區域內的顧客處招攬的上述商品的訂單價值不低于10萬美元。

Party B shall undertake to solicit orders for the above commodity from customers in the above territory during the effective period of this agreement for not less than USD 100,000,00.

6. 價格與支付 Price and Payment

每一筆交易的貨物價格應由乙方與買主通過談判確定，并須經甲方最后確認。

The price for each individual transaction shall be fixed through negotiations between Party B and the buyer, and subject to Party A's final confirmation.

付款使用保兌的、不可撤銷的信用證，由買方開出，以甲方為受益人。信用證須在裝運日期前15天到達甲方。

Payment shall be made by confirmed, irrevocable L/C opened by the buyer in favor of Party A, which shall reach Party A 15 days before the date of shipment.

7. 獨家代理權 Exclusive Right

基于本協議授予的獨家代理權，甲方不得直接或間接地通過乙方以外的渠道向新加坡顧客銷售或出口第三條所列商品，乙方不得在新加坡經銷、分銷或促銷與上述商品相競爭或類似的產品，也不得招攬或接受以到新加坡以外地區銷售為目的的訂單，在本協議有效期內，甲方應將其收到的來自新加坡其他商家的有關代理產品的詢價或訂單轉交給乙方。

In consideration of the exclusive rights granted herein, Party A shall not, directly or indirectly, sell or export the commodity stipulated in Article 4 to customers in Singapore through channels other than Party B; Party B shall not sell, distribute or promote the sales of any products competitive with or similar to the above commodity in Singapore and shall not solicit or accept orders for the purpose of selling them outside Singapore. Party A shall refer to Party B any enquiries or orders for the commodity in question received by Party A from other firms in Singapore during the validity of this agreement.

8. 商情報告 Market Report

為使甲方充分了解現行市場情況，乙方承擔至少每季度一次或在必要時隨時向甲方提供市場報告，內容包括與本協議代理商品的進口與銷售有關的地方規章的變動、當地市場發展趨勢以及買方對甲方按協議供應的貨物的品質、包裝、價格等方面的意見。乙方還承擔向甲方提供其他供應商類似商品的報價和廣告資料。

In order to keep Party A well informed of the prevailing market conditions, Party B should undertake to supply Party A, at least once a quarter or at any time when necessary, with market reports concerning changes of the local regulations in connection with the import and sales of the commodity covered by this agreement, local market tendency and the buyer's comments on quality, packing, price, etc. of the goods supplied by Party A under this agreement. Party B shall also supply party A with quotations and advertising materials on similar products of other suppliers.

9. 廣告及費用 Advertising and Expenses

乙方負擔本協議有效期內在新加坡銷售代理商品做廣告宣傳的一切費用，并向甲方提交所用于廣告的聲像資料，供甲方事先核準。

Party A shall bear all expenses for advertising and publicity in connection with the commodity in question in Singapore within the validity of this agreement, and shall submit to Party A all audio and video materials intended for advertising for prior approval.

10. 傭金 Commission

對乙方直接獲取并經甲方確認接受的訂單，甲方按凈發票售價向乙方支付5%的傭金。傭金在甲方收到每筆訂單的全部貨款后才會支付。

Party A shall pay Party B a commission of 5% on the net invoiced selling price on all orders directly obtained by Party B and accepted by party A. No commission shall be paid until Party A receives the full payment for each order.

11. 政府部門間的交易 Transactions Between Governmental Bodies

在甲、乙雙方政府部門之間達成的交易不受本協議條款的限制，此類交易的金額也不應計入第五條規定的最低業務量。

Transactions between governmental bodies of Party A and Party B shall not be restricted by the terms and conditions of this agreement, nor shall the amount of such transactions be counted as part of the turnover stipulated in Article 5.

12. 工業產權 Industrial Property Rights

在本協議有效期內，為銷售有關洗衣機，乙方可以使用甲方擁有的商標，并承認使用于或包含于洗衣機中的任何專利商標、版權或其他工業產權為甲方獨家擁有。 一旦發現侵權，乙方應立即通知甲方并協助甲方采取措施保護甲方權益。

Party B may use the trade-marks owned by Party A for the sale of the Washing Machines covered herein within the validity of this agreement, and shall acknowledge that all patents, trademarks, copy rights or any other industrial property rights used or embodied in the Washing Machines shall remain to be the sole properties of Party A. Should any infringement be found, Party B shall promptly notify and assist Party A to take steps to protect the latter's rights.

13. 協議有效期Validity of Agreement

本協議經有關雙方如期簽署后生效，有效期為1年，從1992年10月1日至1993年9月30日。除非作出相反通知，本協議期滿后將延長12個月。

This agreement, when duly signed by the both parties concerned, shall remain in force for 12 months from October 1, 1992 to September 30,1993, and it shall be extended for another 12 months upon expiration unless notice in writing is given to the contrary.

14. 協議的終止 Termination

在本協議有效期內，如果一方被發現違背協議條款，另一方有權終止協議。

During the validity of this agreement, if either of the two parties is found to have violated the stipulations herein, the other party has the right to terminate this agreement.

15. 不可抗力 Force Majeure

由于水災、火災、地震、干旱、戰爭或協議一方無法預見、控制、避免和克服的其他事件導致不能或暫時不能全部或部分履行本協議，該方不負責任。但是，受不可抗力事件影響的一方須盡快將發生的事件通知另一方，并在不可抗力事件發生15天內將有關機構出具的不可抗力事件的證明寄交對方。

Either party shall not be held responsible for failure or delay to perform all or any part of this agreement due to flood, fire, earthquake, draught, war or any other events which could not be predicted, controlled, avoided or overcome by the relative party. However, the party affected by the event of Force Majeure shall inform the other party of its occurrence in writing as soon as possible and thereafter send a certificate of the event issued by the relevant authorities to the other party within 15 days after its occurrence.

16. 仲裁 Arbitration

因履行本協議所發生的一切爭議應通過友好協商解決。如協商不能解決爭議，則應將爭議提交中國國際經濟貿易仲裁委員會（北京），依據其仲裁規則進行仲裁。仲裁裁決是終局的，對雙方都有約束力。

All disputes arising from the performance of this agreement shall be settled through friendly negotiation. Should no settlement be reached through negotiation, the case shall then be submitted for arbitration to the China International Economic and Trade Arbitration Commission (Beijing) and the rules of this Commission shall be applied. The award of the arbitration shall be final and binding upon both parties.

甲方: 青島宏達實業限公司 乙方：華興貿易私人有限公司

（簽字） （簽字）

Party A: Qingdao Hongda Industrial Co., Ltd Party B: Huaxing Trading Company (Pte), Ltd.

(Signature) (Signature)