Opta Corp – ‘10-12G/A’ on 1/7/99 – EX-10

As of:  Thursday, 1/7/99   ·   Accession #:  789945-99-1   ·   File #:  0-24999

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Amendment to Registration of Securities (General Form)   —   Form 10
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-12G/A    Amendment to Registration of Securities (General      46±   198K 
                          Form)                                                  
 2: EX-10       Material Contract                                      5±    24K 
 3: EX-10       Material Contract                                      5±    22K 
 4: EX-10       Material Contract                                      5±    23K 
 5: EX-10       Material Contract                                      2±     9K 
 6: EX-10       Material Contract                                      5±    24K 
 7: EX-10       Material Contract                                      6±    27K 
 8: EX-10       Material Contract                                      1      8K 
 9: EX-10       Material Contract                                      1      8K 
10: EX-27       Financial Data Schedule (Pre-XBRL)                     1      7K 
11: EX-27       Financial Data Schedule (Pre-XBRL)                     1      7K 

EX-10   —   Material Contract

EX 10.8                                                                         

COMMISSION AGREEMENT          

THIS AGREEMENT is made as of June 1, 1998 between Lotus Pacific, Inc.,  
hereinafter referred to as "Lotus" and Clarinet Overseas Ltd., hereinafter      
referred to as "Clarinet".                                                      

WITNESS THAT          

IN CONSIDERATION OF the promises and mutual covenants and agreements    
herein contained, the parties agree as follows:                                 

1.  Clarinet shall introduce accredited investors to Lotus' private     
placements of its common stock shares.                                          

2.  Lotus agrees to pay Clarinet $1.50 as consideration for each share  
that Clarinet introduced, and all the payments Lotus made to Clarinet shall     
be replaced by issuing Clarinet common stock shares of Lotus at a price         
of $6.00 per share.                                                             

3.  All said shares of Lotus' common stock are restricted securities    
as defined in Rule 144 of Securities Act of 1933, as amended. Clarinet shall    
comply with all regulations of the Securities and Exchange Commission of the    
United States in its presentation, and shall not make any improper statements   
of Lotus to prospective investors.                                              

4.  This agreement shall become effective on June 1, 1998 and shall be  
terminated on December 31, 1998.                                                

5.  There is no guarantee of any minimum number of shares of Lotus'     
common stock to be issued to Clarinet under this Agreement.                     

6. The term "Clarinet" as used herein shall be deemed to include the    
employees and officers of Clarinet Overseas Ltd. in the performance of this     
Agreement. The obligations, warranties, and representations of Clarinet         
Overseas Ltd. hereunder are also imposed on the employees and officers of       
Clarinet.                                                                       

IN WITNESS WHEREOF, the parties hereto have cause this Agreement to be  
executed as of the day and year first above written.                            

Lotus Pacvific, Inc.                  Clarinet Overseas Ltd.              

By:  /S/                              By:  /S/                            
James Yao, President                   Crystal Chu, President           

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-12G/A’ Filing		Date		Other Filings
Filed on:		1/7/99
		12/31/98		10-Q
		6/1/98
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