Eclusive Agency Agreement

　　10. commission

　　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. transactions between governmental bodies

　　transactions concluded between govenmental 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. industrial property rights

　　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. validity of agreement

　　this agreement, when duly signed by the both parties concerned, shall remain if 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. termination

　　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. force majeure

　　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. arbitration

　　all disputes arising from the performance of this agreement shall be settled through friendly negotiation. should no settlement be reached throught negotiation, the case shallthen 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.

　　party a:_________   party b:_________

　　(signature)               (signature)