PARTIES: GARDEX INTERNATIONAL LIMITED ("GARDEX")
(a British Virgin Islands Corporation)
ASE Electronics (M) Sdn. Bhd. ("ASEM")
(a Malaysia corporation)
DATE: August 1, 2004
1. Services to be rendered. ASEM hereby retains GARDEX to provide the sales
services to ASEM as a Sales Agency with the following terms.
To be non-exclusive world-wide sales agent for all present and future
products and services to be specified by ASEM in writing with the following
(a). Identify customers for ASEM products and services;
(b). Within such limitations relating to price, delivery and other key terms as
ASEM may from time to time specify in writing, and subject to acceptance by
ASEM (by telex or otherwise) negotiate sales contracts as ASEM's agent.
2. Compensation to GARDEX. For services hereunder, ASEM shall pay monthly
compensation to GARDEX in respect of net export sales (outside of
Malaysia), the compensation amount is 0.50% of the total monthly export
The above scheme of compensation payment is applicable from August 1, 2004
to July 31, 2005. Compensation payment thereafter is subject to further
negotiation on a yearly basis between ASEM and GARDEX.
All payments to GARDEX shall be in US dollars. Currency conversions, where
necessary, shall be based on the prevailing free-market rates of the time
the payment is earned (not at the time of payment