Exhibit 4(c)(10)
Dated 15 April 2006
(1) CORGI INTERNATIONAL LIMITED
(aka ZINDART LIMITED)
(2) KENNETH B. FOWLER
___________________________________________
EMPLOYMENT AGREEMENT AMENDMENT
___________________________________________
THIS EMPLOYMENT AGREEMENT AMENDMENT (the “Amendment”) is made on the 15th day of April, 2006, between:
(1) | Corgi International Limited (aka Zindart Limited), a company incorporated under the laws of Hong Kong and whose registered office is at Unit 10, 16/F., Wah Wai Centre, 38-40 Au Pui Wan Street, Fo Tan, New Territories, Hong Kong (the "Company"); and |
(2) | Kenneth B. Fowler of 18B The Manhattan, 33 Tai Tam Road, Tai Tam, Hong Kong ("Employee"). |
WHEREAS:-
(A) | The Company and Employee have entered into an Employment Agreement for Ken Fowler (the “Agreement”) on the 30th of August, 2002. |
(B) | The Company and Employee mutually wish to amend the Agreement to modify the Terms of Employment as set out therein. |
NOW THIS AMENDMENT HEREBY WITNESSES AS FOLLOWS:-
1. | Definitions |
Unless otherwise indicated, all terms are as defined in the Agreement.
2. | Term of Employment; Termination |
A. | The following terms supersede such similar terms as noted under clause 2, “Term of Employment; Termination” of the Agreement. |
B. | Employment may be terminated by the Company without cause twelve (12) months after the Company gives written notice to Employee of his termination. |
C. | Employee will have the right to work during the initial six (6) months of the notice period, while seeking other employment. |
D. | Upon Employee’s or Company’s request during the notice period, Company will release Employee and provide to Employee pay in lieu of the remaining notice period. |
IN WITNESS WHEREOF the parties have entered into this Amendment on the day and year first above written
SIGNED by George Volanakis | ) | |
For and on behalf of CORGI | ) | |
INTERNATIONAL LIMITED | ) | /s/ George B. Volanakis |
in the presence of:- | ) | |
/s/ Tina Chu | ||
Witness Chu Ching Man | ||
SIGNED by KENNETH B. FOWLER | ) | |
in the presence of:- | ) | /s/ Kenneth B. Fowler |
/s/ Christopher Franklin | ||
Witness Christopher Franklin |