<PAGE>
Exhibit 10.2
Extension Agreement
Shen Bao Zi (9) No
Party A: Shenzhen City Bao An County External Trading Company in
corporation with Bao An County Concord H.G. Electronic
Manufacturer.
Party B: Concord Camera H.K. Ltd.
The original Bao Qing Xie Zi (86) No 507 Agreement entered by the two
parties expired on 28 October 1991. As there was good cooperation in the
discharge of the original Agreement by both parties and in order to further
expand the production development, following friendly negotiations the two
parties hereby agree to extend the terms of the original Agreement for 5 years
to 28 October 1996, with all the provisions of the original Agreement remaining
unchanged, and incorporation of the following provisions:
1. Fixed work payment adjusted to 13 Hong Kong Dollars per square
meter.
2. Labour wages Payment adjusted to 600 Hong Kong Dollars monthly per
head.
Party A: Party B: Morris Tso
Representative: Representative:
Factory of Party A: Zhong Qiang
22 June 1991
<PAGE>
Approval of Agreement Extension
(91) Shen Bao Wai Yin Xu Zi No 290
Approval is hereby given to the Bao Qing Xie Xu Zi (91) No 136 extension
Agreement entered between Concord H.G. Electronic Factory and Concord Camera
H.K. Ltd. on 24 June 1991. All the provisions of the original Shen Long Wai Qing
Xie Zi (86) No 507 Agreement shall remain unchanged. The extension is 5 years
and expires on 28 October 1996.
Bao An County External Economic
24 June 1991
cc: Wen Jin Dao sub-customs Shenzhen Branch, Bank of China
Shenzhen Municipal Port Office Bao An County External Trade Compay
