0001144204-07-054174 Sample Contracts

SERVICE AGREEMENT
Service Agreement • October 15th, 2007 • Grand Toys International LTD • Wholesale-misc durable goods • Hong Kong
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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”).

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”).

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
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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