AN AGREEMENT

COPY.

made this

day of

"1

One thousand nine hundred and

thirty nine BETWEEN PAUL EDWIN WILLIAMS of 530

Avenida Presidente Roque Saenz Pena, Buenos Aires,

Argentine, as Trustee for and on behalf of Compania

Internacional de Colonizacion a Corporation about to

be formed under the laws of the State of Argentine

(hereinafter called "C.I.C.") of the one part and LINSON

DZAU of Hong Kong Hotel, Victoria in the Colony of

Hong Kong as Trustee for and on behalf of the South

American Chinese Association Limited a Corporation

about to be incorporated under the laws of the Colony

of Hong Kong (hereinafter called "Saca") of the other

part WHEREAS the said Paul Edwin Williams is

entitled to an exclusive concession for obtaining

landing permits for admission of Chinese colonists

into Paraguay in South America for a period of ten years

the benefit of which concession will in due course be

assigned to C.I.C. AND WHEREAS the Compania Internacional

de Colonizacion is desirous of appointing Saca its sole

agent in the Far East for the purpose of selling landing

permits and obtaining Chinese colonists for admission

into Paraguay NOW IT IS HEREBY AGREED between the

parties hereto as follows:-

1. As consideration for Compania Internacional de

Colonizacion agreeing to appoint Saca its sole agent

in the Far East in manner hereinafter appearing Saca hereby

agrees to pay Compania Internacional de Colonizacion the

sum of One hundred thousand Dollars Hong Kong Currency,

Fifty thousand Dollars of which is payable immediately

on the signing hereof and the balance of Fifty thousand

Dollars will be paid on or before Thirty-first day of

December One thousand nine hundred and forty.

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