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Exhibit 10.11
AGREEMENT
THIS AGREEMENT is made on the 1st day of October, 2011 BETWEEN:
1. | Goldenway Investments Holdings Limited (the“GIHL”) of Suites 3702-04, Tower 6, The Gateway, Harbour City, Tsimshatsui, Kowloon, Hong Kong; and |
2. | Goldenway Precious Metals Limited (the“GPML”) of Room 1209, Tower One, China Hong Kong City, Canton Road, Tsimshatsui, Kowloon, Hong Kong. |
WHEREAS
TheGPMLagreed to share theOperating Costs(as defined in “A” below) with theGIHLduring theServicePeriod(as defined in “B” below).
TheOperating Costsshall be proportionally calculated in accordance with the number of related labours employed in theGPML.
A. | “Operating Costs”includes all actual operating expenses incurred in the ordinary course of business but excludes capital expenses (i.e., preliminary expenses, stamp duty, depreciation of any tangible fixed assets and gain or loss on disposal of any tangible fixed assets), which were directly related to theGPML. |
B. | “Service Period”commences from 1st October 2011, until the termination notice is tendered by either party. |
TheOperating Costsshall be payable at the end of each month or on demand by theGIHL.
Either theGIHLor theGPMLhas an option to terminate this agreement by serving one month prior notice in writing to the other party.
For and on behalf of | For and on behalf of | |
Goldenway Investments Holdings Limited | Goldenway Precious Metals Limited | |
/s/ Ricky Wai Lam Lai | /s/ Tang Wai Kee | |
Ricky Wai Lam Lai | Tang Wai Kee | |
Director | Director |
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