Acknowledged and approved:Acknowledged and approved:/s/ OC Kim /s/ TS Kim OC KimName: TS KimPresidentTitle: CEOFranklin WirelessC-Motech Co., Ltd.Date: 1/28/2011 Date: ________________________
EX-10.4 5 franklin_10q-ex1004.htm ACKNOWLEDGEMENT LETTER franklin_10q-ex1004.htm
EXHIBIT 10.4
Acknowledgement of amounts owed by C-Motech Co., Ltd (“C-Motech”) to Franklin Wireless Corp. (“Franklin”) relating to products previously purchased by Franklin from C-Motech.
C-Motech agrees to pay US$1,873,064.70 to Franklin by March 31, 2011 for the following items:
US$1,581,456.70 for marketing funds relating to products purchased by Franklin.
US$291,608.00 for a price dispute for CMU-301 products previously purchased by Franklin.
| Acknowledged and approved: | Acknowledged and approved: |
| /s/ OC Kim | /s/ TS Kim |
| OC Kim | Name: TS Kim |
| President | Title: CEO |
| Franklin Wireless | C-Motech Co., Ltd. |
| Date: 1/28/2011 | Date: ________________________ |
