AMENDMENT AGREEMENT
EX-10.24 19 v051004_ex10-24.htm Unassociated Document
EXHIBIT 10.24
AMENDMENT AGREEMENT
THIS AGREEMENT is made on 1st January 2006
BETWEEN:
| (1) | Mega Century Limited, a company incorporated in Hong Kong whose registered office is at 3rd Floor, Block A, A3 Fortune Factory Building, 40 Lee Chung Street, Chai Wan, Hong Kong (the "Party A"); |
| (2) | Infosmart Technology Limited, a company incorporated in Hong Kong whose registered address is at Unit A2, 18th Floor, Fortune Factory Building, 40 Lee Chung Street, Chai Wan, Hong Kong (the " Party B"); and |
| (3) | Infosmart International Enterprises Limited, a company incorporated in Hong Kong whose registered office is at 3rd Floor, Block A, A3 Fortune Factory Building, 40 Lee Chung Street, Chai Wan, Hong Kong (the "New Party"). |
WHEREAS:
| (A) | Party A and Party B had signed a cooperation agreement dated 1st December, 2002 (the "Cooperation Agreement") pursuant to which Party A and Party B agreed to combine their respective resources for manufacturing the Products subject to the terms and conditions contained therein. The said Co-Operation Agreement has been renewed in writing as a separate agreement dated 1st January, 2006. |
| (B) | Pursuant to Clause 3.5 of the said Cooperation Agreement for the purpose stated herein, Parties now agree to sign this Agreement as a part of the Said Co-Operation Agreement. |
IT IS HEREBY AGREED as follows:
| 1. | Words and expressions defined in the Cooperation Agreement shall have the same meaning when used herein. |
| 2. | Party A, Party B and the New Party hereby agree and confirm that with effect from the date hereof: |
| (a) | the New Party shall join in as an additional contracting party to the Cooperation Agreement; and |
| (b) | the New Party hereby agrees and undertakes with Party A that it agrees to undertake all of Party B's rights and obligations under the Cooperation Agreement, and that both Party B and the New Party hereby agree and undertake with Party A that all such obligations shall be undertaken by them jointly and severally. |
| 3. | Save as aforesaid, the other provisions of the Cooperation Agreement not otherwise amended under this Agreement shall continue in full force and effect in accordance with its terms. |
This Agreement has been entered into the day and year first before written.
| For and on behalf of Mega Century Limited /s/ Cheung Suen Kuen Name: | For and on behalf of Infosmart Technology Limited /s/ Kwok Chung Name: |
For and on behalf of
Infosmart International Enterprises Limited
/s/ Kwok Chung
Name:
