Grand Toys International LTD Sample Contracts

and OWNERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY RECEIPTS Deposit Agreement Dated as of _________________, 2004
Deposit Agreement • April 15th, 2004 • Grand Toys International LTD • Wholesale-misc durable goods • New York

DEPOSIT AGREEMENT dated as of _______________, 2004 among GRAND TOYS INTERNATIONAL LIMITED, incorporated under the laws of Hong Kong (herein called the Company), THE BANK OF NEW YORK, a New York banking corporation (herein called the Depositary), and all Owners and Beneficial Owners from time to time of American Depositary Receipts issued hereunder.

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INVENTORY AND EQUIPMENT LOAN AGREEMENT
Inventory and Equipment Loan Agreement • June 2nd, 2004 • Grand Toys International LTD • Wholesale-misc durable goods • Quebec

WHEREAS Montcap intends to make certain advances to each Borrower based on the value of certain of its inventory and of its equipment, the whole subject to the terms and conditions of the present Agreement.

SERVICE AGREEMENT
Service Agreement • October 15th, 2007 • Grand Toys International LTD • Wholesale-misc durable goods • Hong Kong
GUARANTY
Guaranty • October 15th, 2007 • Grand Toys International LTD • Wholesale-misc durable goods • New York

GUARANTY dated as of December 21, 2006 (this “Guaranty”) made by Grand Toys International, Inc., a Nevada corporation (the “Guarantor”), in favor of CitiCapital Commercial Corporation, a Delaware corporation (the “Lender”).

EMPLOYMENT AGREEMENT
Employment Agreement • October 15th, 2007 • Grand Toys International LTD • Wholesale-misc durable goods • Hong Kong

THIS AGREEMENT is made and entered into as of the 19th day of July, 2007, by and between Grand Toys International Limited, a limited company organized under the laws of Hong Kong, having its principal office at Room UG202, Floor UG2, Chinachem Golden Plaza, 77 Mody Road, Tsimshatsui, Kowloon, Hong Kong (“Grand”), and David C.W. Howell, an individual residing at 64C Sheung Sze Wan, Clearwater Bay, Sai Kung, New Territories, Hong Kong (“Employee”).

WING HANG BANK
Grand Toys International LTD • October 15th, 2007 • Wholesale-misc durable goods • Hong Kong
WING HANG BANK
Grand Toys International LTD • October 15th, 2007 • Wholesale-misc durable goods • Hong Kong
EMPLOYMENT AGREEMENT
Employment Agreement • October 15th, 2007 • Grand Toys International LTD • Wholesale-misc durable goods • New Jersey

This Employment Agreement (“Agreement”), made this 1st day of March, 2007, by and between INTERNATIONAL PLAYTHINGS, INC., a Delaware corporation with principal executive offices at 75D Lackawanna Avenue, Parsippany, NJ 07054 (the “Company”), and MICHAEL VARDA, residing at 55 School House Road Oak Ridge NJ (“Varda”).

MONTCAP FINANCIAL CORPORATION 3400 de Maisonneuve Blvd. West Suite 1245 Montreal, Quebec H3Z 3B8 FACTORING AGREEMENT (“AGREEMENT”)
Factoring Agreement • June 2nd, 2004 • Grand Toys International LTD • Wholesale-misc durable goods • Quebec
LOAN AND SECURITY AGREEMENT between INTERNATIONAL PLAYTHINGS, INC., as Borrower, and CITICAPITAL COMMERCIAL CORPORATION, as Lender Dated as of December 21, 2006
Loan and Security Agreement • October 15th, 2007 • Grand Toys International LTD • Wholesale-misc durable goods • New York

LOAN AND SECURITY AGREEMENT, dated as of December 21, 2006, between INTERNATIONAL PLAYTHINGS, INC., a Delaware corporation (the “Borrower”), and CITICAPITAL COMMERCIAL CORPORATION, a Delaware corporation (the “Lender”).

CREDIT AGREEMENT
Credit Agreement • October 15th, 2007 • Grand Toys International LTD • Wholesale-misc durable goods • Hong Kong

THIS CREDIT AGREEMENT, dated as of July 27th, 2007, is by and between GRAND TOYS INTERNATIONAL LIMITED, a company organized under the laws of Hong Kong with limited liability (the “Borrower”), and CENTRALINK INVESTMENTS LIMITED, a British Virgin Islands company (the “Lender”).

JOINT FILING AGREEMENT
Joint Filing Agreement • January 11th, 2006 • Grand Toys International LTD • Wholesale-misc durable goods

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Schedule 13D (including amendments thereto) with respect to the American Depositary Shares of Grand Toys International Limited and further agree that this Joint Filing Agreement be included as an exhibit to such joint filing.

Dated the 1st day of November 2006 HUA YANG PRINTING HOLDINGS CO. LTD. (as Borrower) and CORNERSTONE OVERSEAS INVESTMENTS LIMITED (as Lender)
Agreement • October 15th, 2007 • Grand Toys International LTD • Wholesale-misc durable goods • Hong Kong
EMPLOYMENT AGREEMENT
Employment Agreement • June 2nd, 2004 • Grand Toys International LTD • Wholesale-misc durable goods • New York

This AGREEMENT is made and entered into as of the [ ] day of [ ], 2004, by and between GRAND TOYS INTERNATIONAL LIMITED, a limited company organized under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China having its registered office at Room UG202, Floor UG2, Chinachem Golden Plaza, 77 Mody Road, Tsimshatsui East, Kowloon, Hong Kong (“Grand”), and ELLIOT L. BIER, a Canadian citizen residing at , Canada (“Bier”).

Contract
Agreement of Lease • June 2nd, 2004 • Grand Toys International LTD • Wholesale-misc durable goods • Quebec

BETWEEN: STORAGE LEASEHOLDS INC. a body politic and corporate, duly incorporated, having its principal place of business in the Province of Quebec at 300 Canal Bank Road, Ville St-Pierre, herein acting and represented by Mr. Milan Bratin, duly authorized as he so declares;

AMENDMENT TO STIPULATION OF SETTLEMENT
Grand Toys International LTD • June 2nd, 2004 • Wholesale-misc durable goods • New York

THIS AMENDMENT TO STIPULATION OF SETTLEMENT (“Amendment”) is entered into as of the day of June, 2003 among GRAND TOYS INTERNATIONAL, INC. (“GRAND”), and DANIEL ATKINS, MARK ATKINS, TERESA ATKINS, DOUGLAS ATKINS and BRUCE MINOR (collectively, the “Defendants”).

SUB-LEASE AGREEMENT
Sub-Lease Agreement • October 15th, 2007 • Grand Toys International LTD • Wholesale-misc durable goods

It is hereby understood and agreed by all parties that this Sublease agreement replaces all previous agreements between the Sub Tenant and the SubLandlord including the sublease agreement signed on June 29th, 2004.

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