EXHIBIT 10.8


 





[ENGLISH TRANSLATION FOR CONVENIENCE ONLY.

NOT AN OFFICIAL TRANSLATION]




 


Agreement


 


 


This Subscription Agreement (Agreement),
is entered and made between Sichuan Education Press ( hereinafter referred to as "Party A")


AND


Beijing Wenhua Shidai Culture Development
Co., Ltd. (hereinafter referred to as "Party B" )


 


In terms of the subscription and publishing
in Henan province of the standard experimental textbooks intended for compulsory education curriculum, including Chinese history
(A&B) applicable to seventh-grade students, World History (A&B) applicable to ninth-grade students, in conjunction with
supporting teaching materials and curriculum resources (collectively the “Textbooks”), which published by Party A,
the parties hereby agree to the terms set below through negotiation:


 


		1.	Party A authorizes Party B to act as the exclusive and sole representative on Party A’s behalf
to discuss with Henan-based education authorities at all tiers (Collectively the "Education Authorities") and Xinhua
Bookstore, in order to list these Textbooks into catalogues, capture orders to subscribe these Textbooks, and initiate teacher-purpose
instructions (Collectively "Subscription Services"). Without prejudice to government policy, Party A may assist with
Party B to process these Subscription Services at Party B's account.



 


		2.	After communication with the Education Authorities, Party B shall introduce Party A rent-type publishers
consistent to state policies, and shall assist with Party A to enter into rent-type reprinting agreement with such publishers.



 


	 	 	2.1 Party
B has the duty to keep supply of finished products and maintain market sales. Within Henan Province, any and all claims, debts
and liabilities in connection with these Textbooks are borne by Part B. In respect to these Textbooks, Part B shall exercise the
right to supervise the materials for printing these Textbooks and their printing quality.


 


2.2 Before
rent-type publishers are determined, Party A and Party B shall work together to process printing. For this end, Party A will authorize
Party B to identify printing unit and base rate for the book printing and supply. Party A may perform the examination (printer
is required to have adequate profession capacity and assure printing quality). Party A will arrange printing schedule and send
book deliverables to the only collection depot specified by Henan Xinhua Bookstore .


 


2.3 In case
of any dispute arising from printing quality grades Party A and Party B agree that the final interpretation for such dispute conforms
to the evaluation and determination of Sichuan Printed-Book Quality Supervision & Inspection Administration.












 






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		3.	Party B is authorized to process subscription and issue of these Textbooks at Henan. Party B shall
repot the number of runs every quarter to Party A at 30 days prior to book delivery. Required number of runs is subjected to Party
B summary of intended purchase order and actual order from Henan Xunhua Bookstore.



 


		4.	Settlement



Party A will
provide general invoice to collect royalties c (publishing management fee) from publisher against number of runs. Party A will
issue VAT invoice to collect special model fee.


 


4.1 Rent-type


Party A may
charge royalties and special model fee from publisher. Party B has the duty to assist with Party A to collect the fees above within
two (2) months.


 


4.2 Authorized
printing and issue


Within three
(3) months upon the receipt of all the books ordered at the only collection depot specified by Henan Xinhua Bookstore, Party A
shall issue general invoice and VAT invoice to Party B for royalties and special model fee, . and Party B shall pay off the fees
of current quarter.


 


4.2.1 The
royalty is charged at 6% of total fixed price in value of number of runs


 


4.2.2 The
special model fee is performed by reference to the NDRC (National Development and Reform Commission) document [2006] 816


 


		5.	Party B is granted benefit period in respect to these Textbooks once they have identified initial
grade. This benefit period is valid until end of study duration and is kept without change even if this Agreement is cancelled
or rejected to renewal after expiration. In other words, upon the expiration of the Agreement, the collaboration terminates from
the initial grade and subsequent grades will continually carry out this Agreement until end of study duration.



 


		6.	This Agreement is valid for six (6) years, and takes effect as of the date both parties signed
and sealed on it. Within the term, either party may cancel the Agreement and claim compensation due from defaulting party upon
event of default.



 


		7.	Either Party A or Party B is entitled t to renewal this Agreement upon expiration.



 






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		8.	Any matters not covered in this Agreement shall be resolved through consultation by both parties.



 


		9.	This Agreement is made out in duplicate, each party holding one (1) copy.



 


 


 


 


	
        Sichuan Education Press (Party
A)

        By (signature ):
        

        Date: Nov 6, 2009

        (Given under the seal of Party A)
	
        Beijing Shidai Culture Development Company
        Limited (Party B)

        By (signature): Li Weifu

        Date: Nov 12, 2009

        (Given under the seal of Party B)



 






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