Assignment Agreement for Promissory Note between Xili USA Inc. and Curvelo Trade & Finance Ltd.

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Summary

Xili USA Inc. (the Assignor) has transferred all its rights, title, and interest in a promissory note, originally issued by Royce Biomedical Inc., to Curvelo Trade & Finance Ltd. (the Assignee). Royce Biomedical Inc. acknowledges this assignment. The agreement is effective as of December 10, 2004, and formalizes the transfer of the promissory note from Xili USA Inc. to Curvelo Trade & Finance Ltd.

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EX-10.7 2 ex10-7.txt ASSIGNMENT AGREEMENT Dated the 10th day of December, 2004 For good and valuable consideration (receipt and sufficiency is hereby acknowledged), Xili USA Inc. (the "Assignor") hereby assigns all rights, title and interest to a Promissory Note (copy attached hereto), issued by Royce Biomedical Inc. to the Assignor, to Curvelo Trade & Finance Ltd. (the "Assignee"). /s/ Wan Xie Yan /s/ Garcia Cordoba Guadalupe Xochinua - ---------------------------- ---------------------------------------- Assignor, Xili USA Inc. Assignee, Curvelo Trade & Finance Ltd. This Assignment is hereby acknowledged by Royce Biomedical Inc. /s/ Kathy Jiang - ----------------------------- by its authorized signatory Royce Biomedical Inc.