Exhibit 10.1

 

Dated the 30th day of April 2010

 

 

CHINA DIGITAL VENTURES CORPORATION
(the "Vendor")

and

TIDEWELL LIMITED
(the "Purchaser")

 

 

 

 

________________________________________________________

AGREEMENT

RELATING TO

THE SALE AND PURCHASE OF 19,200,000

SHARES

IN

CHINA INTEGRATED MEDIA CORPORATION LIMITED

________________________________________________________

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THIS AGREEMENT is made on the 30th day of April 2010

BETWEEN:

(A)

CHINA DIGITAL VENTURES CORPORATION

, a company incorporated in Nevada, U.S.A. and having its correspondence address
in Hong Kong at Unit 603, 6/F., Malaysia Building, 50 Gloucester Road, Wanchai,
Hong Kong ("Vendor"); and

(B)

TIDEWELL LIMITED,

a company incorporated in Hong Kong and having its registered address at 10/F.,
Chiyu Bank Building, 78 Des Voeux Road Central, Hong Kong ("Purchaser") on the
following terms and conditions.

WHEREAS:

A.

China Integrated Media Corporation Limited

with ACN: 132 653 948 (the "Company") is a public company incorporated in South
Australia, Australia on 8 August 2008.

B.

As of the date of this Agreement, the Vendor legally and beneficially owns
19,200,000 shares of common stock in the Company.

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C.

The Vendor has agreed to sell the Sale Shares and the Purchaser has agreed to
acquire the Sale Shares in the Company to the intent that the Company should
become a subsidiary of the Purchaser.

1.

INTERPRETATION

1.1

In this Agreement, the following words and expressions have the following
meanings, unless they are inconsistent with the context:-

 

"Completion Date"

means the date of signing this Agreement.

 

"Hong Kong"

means the Hong Kong Special Administrative Region of the People's Republic of
China.

 

"Parties"

means the named parties to this Agreement and their respective successors and
permitted assigns and "Party" means any of them.

 

"Sale Shares"

means the 19,200,000 shares of common stock in the Company that are legally and
beneficially owned by the Vendor.

 

"Warranties"

means the representations, warranties and undertakings contained or referred to
in Clause 5.

 

"USD"

means United States Dollars.

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2.

AGREEMENT FOR SALE

2.1

Subject to the terms and conditions of this agreement the Vendor shall sell and
the Purchaser shall purchase the Sale Shares free from all liens, charges and
encumbrances and with all rights now or hereafter attaching to it.

3.

PURCHASE CONSIDERATION

3.1

The purchase consideration for the Sale Assets shall be USD50,000.

4.

COMPLETION

4.1

Completion of the purchase of Sale Shares shall take place at the Vendor's
registered office or a place to be agreed between the parties at 5.00 p.m. on
the Completion Date or at a later date to be agreed between the parties herein.

4.2

On Completion Date, the Purchaser shall deliver to the Vendor cash or a cashier
order.

4.3

On Completion Date, the Vendor shall deliver to the Purchaser i) duly completed
and signed transfers in favor of the Purchaser or as it may direct in respect of
the Sale Shares and ii) copy of the resolution from 51% of the non-interested
shareholders approving the transaction.

4.4

Upon completion of the matters referred to in Clause 4.2 above, the Vendor shall
procure that all the necessary documentations be prepared and executed in
relation to the purchase of the Sale Shares.

5.

WARRANTIES

5.1

The Vendor warrants to the Purchaser that:

 

1.

It has full power and authority to enter into and perform this Agreement.

 

2.

It is the legal and beneficial owner of the Sale Shares, free and clear of any
lien, charge, option, right of pre-emption or other encumbrance or third party
right whatsoever.

3.

There are no options or other agreements outstanding which accord to any person
the right to require the creation of any mortgage, charge, pledge, lien or other
security or encumbrance over any of the Sale Shares.

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6

GENERAL MATTERS

6.1

The rights and remedies of the Purchaser in respect of any breach of the
warranties given by the Vendor hereunder shall not be affected by completion of
the Purchase of the Sale Assets or by any failure to exercise or delay in
exercising any right or remedy or by any other event or matter whatsoever,
except a specific and duly authorized written waiver or release.

6.2

This Agreement constitutes the whole agreement between the parties and it is
expressly declared that no variations hereof shall be effective unless made in
writing.

6.3

Any right of rescission conferred upon the Purchaser hereby shall be in addition
to and without prejudice to all other rights and remedies available to it.

7.

NON-ASSIGNABILITY

7.1

This Agreement shall be binding on each party's successors and assigns but
except as expressly provided, none of the rights of the parties under this
Agreement or the warranties provided herein may be assigned or transferred.

8

NOTICES

8.1

Any notice, demand or communication required or desired to be given or made
under this Agreement shall be in writing and delivered or sent by post to the
Vendor at Unit 603, 6/F., Malaysia Building, 50 Gloucester Road, Wanchai, Hong
Kong; and to the Purchaser c/o 10/F., Chiyu Bank Building, 78 Des Voeux Road
Central, Hong Kong or such other address in Hong Kong as may be notified by such
party to the other.

8.2

Any notice or other communication shall be deemed to have been received if sent
by facsimile, when sent: or if delivered personally, when delivered; or if sent
by post, 7 days if overseas and 48 hours if local after the date of posting.

8.3

Reference in Clause 8.1 to writing shall include a notice or communication by
facsimile provided that the transmission is confirmed by a transmission report.

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9

COSTS AND STAMP DUTY

9.1

Each party shall bear its own legal, accountancy and other costs and expenses
incurred in connection with this Agreement.

9.2

Any stamp duty on the Sale Shares shall be borne by the parties in equal shares.

10

APPLICABLE LAW

10.1

This Agreement shall be governed by and construed in accordance with the laws of
Hong Kong Special Administrative Region and the parties irrevocably submit to
the non-exclusive jurisdiction of the Hong Kong Special Administrative Region
courts.

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IN WITNESS whereof this Agreement has been executed on the day and year first
above written.

 

 

 

Signed by
for and on behalf of
CHINA DIGITAL VENTURES CORPORATION
in the presence of:

Signed by
for and on behalf of
TIDEWELL LIMITED
in the presence of: )
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