Agency Agreement We are pleased to confirm the agreement reached during our discussions on NOV 6，2001. You can enjoy the following terms: 1. You act as our sales agency for three years commencing from January 1，2002 subject to renewal. 2. We pay you a commission of15%on F.O.B. values of our products shipped to you. 3. A special COMMISSION of5%be added if the sales exceed the budget as mutually agreed. In the meantime，we’ll prepare a detailed formal contract for your signature. With my personal best regards.
