f8k1107ex10iv_intlsys.htm


    OPTION
      AGREEMENT

    选 择 权 协 议

     

    This
      Option Agreement (this “Agreement”) is entered into, as of October 9, 2004, in
      Fujian, China by Hong Kong Yi Tat International Investment Limited, a limited
      company incorporated under the laws of Hong Kong Special Administration Region,
      located at RM1302-3 13/F Crocodile House II 55 Connaught Road Central, HK
(“Party A”), Fujian Jiaoguang Media Co., Ltd, incorporated under the laws
      of the China (“Party B”), with a registered address at Wang Jiang
      Building, No. 18 Long Gu Du Jia Village, Lang Qi Economic Zone, Fuzhou, China
      and each of the shareholders of Party B listed on the signature pages hereto
      (collectively, the “Party C”), Party A, Party B and Party C are referred
      to collectively in this Agreement as the “Parties.”

    本选择权协议(
      “本协议”)由按中国香港特别行政区法设立的法定住址为 RM1302-3 13/F Crocodile House II 55 Connaught Road
      Central HK 的香港易达国 际投资有限公司(“甲方”),与按中国法设立的法定地址为福州市琅岐经济区 龙鼓度假村1 8号望江楼的有限责任公司福建教广传媒有限公司(“乙方”),
      以及列明于签字页上的乙方股东(“丙方” ) 协商一致,于 2004 年 10月 9
日在 福建签订。甲方,乙方和丙方总称为“各方”。

     

    RECITALS

     

     

     

      
        	
                1.  

              	
                Party
                  A, a limited company incorporated under the laws of Hong Kong Special
                  Administration Region, has the expertise in the business of investment
                  regarding tourism and media
                  development;

              


      

    

    
      	
              1.  

            	
              
                 甲方为依中国香港特别行政区法设立的有限责任公司,专业开展旅游和传媒 发展投资业务;

              

            


    

     

     

    
      
        	
                2.  

              	
                
                  Party
                    B is a wholly foreign-owned limited company incorporated in Fujian,
                    China,
                    and is engaged in the design, production, agency and releasing
                    of the
                    advertisement; media publishing, enterprise image designing,
                    service for
                    conference and exhibition, celebrating design, culture and arts
                    exchanging
                    service  (the
                    “Business”);

                

              


      

      
      

       

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      
 

      
        	
                2.  

              	
                
                   乙方是一家注册于福建的有限责任公司,主要从事广告设计、制作、代理、 发布,媒体出版;企业形象策划;会议展览及展示服务,庆典活动策划;会 议展览及展示服务,庆典活动策划咨询服务;开展文化及艺术交流服务活动; 演出经营经纪活动。 (“业务”);

                

              


      

       

      
        
          	
                  3.  

                	
                  
                     Party
                      C is the shareholders of Party B. Party C has the ownership
                      of [100%]
                      equity interest in Party B.(each, an “Equity Interest” and collectively
                      the “Equity
                      Interest”)

                  

                


        

      

      
        
          
            	
                    3.  

                  	
                    
                       丙方是乙方的股东。丙方拥有乙方 100%股权(每人拥有一份股权,合称“总 股权”)

                    

                  


          

           

        

      

      
        
          
            	
                    4.  

                  	
                    
                       A
                        series agreements such as the Consulting Services Agreement
                        (the “Service
                        Agreement”) have been entered into the Parties on October 9,
                        2004;

                    

                  


          

        

        
          
            
              	
                      4.  

                    	
                      
                         一系列协议,如咨询顾问服务协议 (“服务协议”
                          )等一系列协议已于 2004
                          年 10月9
                          日签订。

                      

                    


            

             

          

        

      

      
        
          
            
              	
                      5.  

                    	
                      
                         An
                          Equity Pledge Agreement (the “Equity Pledge Agreement”) has been entered
                          into by the Parties as of on October 9,
                          2004;

                      

                    


            

          

          
            
              
                	
                        5.  

                      	
                        
                           股权抵押协议已于 2004
                            年 10
                            月9
                            日签订。

                        

                      


              

               

            

          

        

      

    

    
      
        
          
            	
                    6.  

                  	
                    
                       The
                        Parties are entering into this Option Agreement in conjunction
                        with the
                        Pledge Agreement, Consulting Services Agreement and related
                        agreements.

                    

                  


          

        

        
          
            
              	
                      6.  

                    	
                      
                         各方连同股权抵押协议、咨询顾问服务协议和其他相关协议一起讨论签订该 选择权协议。

                      

                    


            

             

          

        

      

    

    NOW,
      THEREFORE, the Parties to this Agreement hereby agree as
      follows:

    签订协议各方必须遵守如下条款:

     

    1.     Purchase
      and
      Sale of Equity Interest

    1.     购买和出售股权

     

    
      	
               

            	
              1.1
                Grant of Rights. Party C (hereafter collectively the “Transferor”) hereby
                irrevocably grants to Party A an option to purchase or cause any
                person
                designated by Party A (“Designated Persons”) to purchase, to the extent
                permitted under PRC Law, according to the steps determined by Party
                A, at
                the price specified in Section 1.3 of this Agreement, at any time
                from the
                Transferor a portion or all of the equity interests held by Transferor
                in
                Party B (the “Option”). No Option shall be granted to any third party
                other than Party A and/or the Designated Persons. Party B hereby
                agrees to
                the granting of the Option by Party C to Party A and/or the Designated
                Persons. The “person” set forth in this clause and this Agreement means an
                individual person, corporation, joint venture, partnership, enterprise,
                trust or a non-corporation
                organization.

            


    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

     

    
      	
               

            	
              1.1
                授权。丙方 (以下称”转让方”)在此授予甲方或者甲方指定的任何人员 购买选择权。该选择权在中国法律允许的范围内根据甲方制订的步骤和本 协议1.3
                条中规定的价格可以从转让方购入乙方出让人部分或全部的股权
                (”选择权”)。除甲方和甲方指定的人员之外,该选择权不准授予第三方。 乙方同意丙方授予甲方或甲方指定的人员购买选择权。在该条款中的个人 指法定意义上的个人、集团、合资企业、合伙企业、企业、信托基金或者 其他非公司组织。

            


    

     

    
      
        	
                 

              	
                1.2 
                  Exercise of Rights. According to the stipulations of PRC laws and
                  regulation, Party A and/or the Designated Persons may exercise
                  Option by
                  issuing a written notice (the “Notice”) to the Transferor and specifying
                  the equity interest purchased from Transferor (the “Purchased Equity
                  Interest”) and the manner of
                  purchase.

              


      

    

    
      	
               

            	
              1.2
                权利的履行。根据中华人民共和国法律法规规定,甲方或甲方指定的人 员可以通过向转让方发布一个书面的通知并且指明从转让方所购入的股 权数量和购买方式来履行该选择权。

            


    

     

    
      
        
          	
                   

                	
                  1.3    
                    Purchase Price.

                


        

        
          
            	
                     

                  	
                    
                      1.3     购买价格

                    

                  


          

        

      

    

     

    
      	
               

            	
              1.3.1
                For Party A to exercise the Option, the purchase price of the Purchased
                Equity Interest (“Purchase Price”) shall be equal to the original paid-in
                price of the Purchased Equity Interest by the Transferor, unless
                the
                applicable PRC laws and regulations require appraisal of the equity
                interests or stipulate other restrictions on the purchase price of
                equity
                interests.

            


    

    
      
      

       

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      
 

      
        	
                 

              	
                1.3.1在甲方履行选择权时,已购股权的购买价格必须等于原先转让方购 买股权的价格,除非适用的中华人民共和国法律法规要求评估股权 价格或者规定对股权购买价格的限制。

              


      

       

      
        
          	
                   

                	
                  1.3.2
                    If the applicable PRC laws require appraisal of the equity interests
                    or
                    stipulates other restrictions on the purchase price of the Equity
                    Interest
                    at the time that Party A exercise the Option, the Parties agree
                    that the
                    Purchase Price shall be set at the lowest price permissible under
                    the
                    applicable laws.

                


        

        
          
            	
                     

                  	
                    1.3.2 如果适用的中华人民共和国法律在甲方履行选择权时要求评估股权 价格或者规定对股权购买价格的限制,各方同意购买价格设定为所 适用法律可允许的最低价格。

                  


          

          
 

        

      

    

    
      	
               

            	
              1.4
                Transfer of the Purchased Equity Interest. Up[on each exercise of
                the
                Option rights under this Agreement:

            


    

    
      
        	
                 

              	
                1.4
                  已购股权的转让。在协议范围内每次履行该选择权时:

              


      

       

    

    
       

      
        	
                 

              	
                1.4.1
                  The Transferor shall ask Party C to convene a shareholders’ meeting.
                  During the meeting, the resolutions shall be proposed, approving
                  the
                  transfer of the appropriate Equity Interest to Party A and/or the
                  Designated Persons;

              


      

      
        
          	
                   

                	
                  1.4.1出让方要求丙方召集股东会议。在会议中提出解决方法,允许将适 当的股权转让给甲方或者甲方指定的人员;

                


        

         

        
          
            	
                     

                  	
                    1.4.2
                      The Transferor shall, upon the terms and conditions of this
                      Agreement and
                      the Notice related to the Purchased Equity Interest, enter
                      into Equity
                      Interest purchase agreement in a form reasonably acceptable
                      to Party A,
                      with Party A and/or the Designated Persons (as
                      applicable);

                  


          

          
            
              	
                       

                    	
                      1.4.2 转让必须在本协议条款允许以及已购股权的相关注意事项下进行, 在甲方可接受的合理形式下讨论股权购买协议,甲方或者甲方指定 人员必须在场 (可适用)。

                    


            

             

            
 

            
              
                 

              

              
                4

                
                  

                

              

              
                 

              

            

            
              
                
                  	
                           

                        	
                          1.4.3
                            The related parties shall execute all other requisite
                            contracts,
                            agreements or documents, obtain all requisite approval
                            and consent of the
                            government, conduct all necessary actions, without any
                            security interest,
                            transfer
                            the valid ownership of the Purchased Equity Interest
                            to Party A and/or the
                            Designated Persons, and cause Party A and/or the Designated
                            Persons to be
                            the registered owner of the Purchased Equity Interest.
                            In this clause and
                            this Agreement, “Security Interest” means any mortgage, pledge, the right
                            or interest of the third party, any purchase right of
                            equity interest,
                            right of acquisition, right of first refusal, right of
                            set-off, ownership
                            detainment or other security arrangements, however, it
                            does not include
                            any security interest created under the Equity Pledge
                            Agreement.

                        


                

                
                  
                    	
                             

                          	
                            1.4.3 相关各方必须在没有任何担保物权的情况下采取所有必要行动履行 其余全部必备合同、协议或者文件,获得所有政府批文,向甲方或 甲方指定的人员出让有效已购股权,促成甲方或甲方指定人员成为 已购股权的登记拥有者。在该条款中,“担保物权”指的是抵押贷 款、抵押品、第三方的权利或利益,任何股权的购买权利,收购权, 优先取舍权,终止权,所有权扣留或者其他保密措施,但是,不包 括任何在股权抵押协议下所产生的担保物权。

                          


                  

                   

                  
                    
                      	
                               

                            	
                              1.5
                                Payment. The payment of the Purchase Price shall
                                be determined by the
                                consultation of Party A and/or the Designated Persons
                                with the Transferor
                                according to the applicable laws at the time of exercise
                                of the
                                Option.

                            


                    

                    
                      
                        	
                                 

                              	
                                1.5支付方式。 股权购买支付方式必须由甲方或甲方指定人员和出让方根据 履行选择权时所适用的法律协商决定。

                              


                      

                       

                    

                  

                  
                    
                      
                        
                           

                        

                      

                    

                  

                

              

            

          

        

      

    

    2.     Promises
      Relating Equity Interest.

    2.     与股权相关的承诺。

    
       

      
        
          	
                   

                	
                  2.1 Promises
                    Related to Party B. Party B, Party C hereby
                    promise:

                


        

        
          
            	
                     

                  	
                    2.1与乙方相关的承诺。 乙方,丙方在此作出以下承诺:

                  


          

           

        

      

    

    
      
        
          
            	
                     

                  	
                    
                      2.1.1
                        Without prior written consent by Party A, not, in any form,
                        to supplement,
                        change or renew the Articles of Association of Party B, to
                        increase or
                        decrease registered capital of the corporation, or to change
                        the structure
                        of the registered capital in any other
                        forms;

                    

                  


          

          
            
              	
                       

                    	
                      
                        2.1.1
                          未经甲方事先书面同意,不能以任何形式补充、更改或更新乙方条 款,增加或减少公司的注册资本或者以任何形式更改注册资本的结构。

                      

                    


            

             

             

            
              
                 

              

              
                5

                
                  

                

              

              
                 

              

            

             

          

        

      

    

    
      
        
          
            
              	
                       

                    	
                      
                        
                          2.1.2
                            According to customary fiduciary standards applicable
                            to managers with
                            respect to corporations and their shareholders, to maintain
                            the existence
                            of the corporation, prudently and effectively operate
                            the
                            business;

                        

                      

                    


            

            
              
                	
                         

                      	
                        
                          2.1.2
                            根据适用于公司经理和他们的股东的客户受托信义标准维持公司的 生存, 稳定有效地开展业务;

                        

                      


              

               

              
                
                  
                    
                      
                        
                          	
                                   

                                	
                                  
                                    
                                      
                                        2.1.3
                                          Without prior written consent by Party
                                          A, not, upon the execution of this
                                          Agreement, to sell, transfer, mortgage
                                          or dispose, in any other form, any
                                          asset, legitimate or beneficial interest
                                          of business or income of Party B,
                                          or encumber or approve any encumbrance
                                          or imposition of any security
                                          interest on Party A’s
                                          assets;

                                      

                                    

                                  

                                


                        

                        
                          
                            	
                                     

                                  	
                                    
                                      
                                        2.1.3
                                          未经甲方事先书面同意,在履行本协议时不能以任何形式出售、转让、 抵押或处理乙方任何资产、合法商业利润或收入,阻碍、默许阻碍 或是强迫接受甲方财产的担保物权;

                                      

                                    

                                  


                          

                           

                        

                      

                    

                  

                

              

              
                
                  
                    
                      
                        
                          
                            	
                                     

                                  	
                                    
                                      
                                        
                                          
                                            2.1.4
                                              Without prior written notice by Party
                                              A, not issue or provide any
                                              guarantee or permit the existence of
                                              any debt, other than (i) the debt
                                              arising from normal or daily business
                                              but not from borrowing; and (ii) the
                                              debt disclosed to Party A and obtained
                                              the written consent from Party
                                              A;

                                          

                                        

                                      

                                    

                                  


                          

                          
                            
                              	
                                       

                                    	
                                      
                                        
                                          2.1.3
                                            未经甲方事先的书面公告,不发布和提供任何形式的存在债务保证 和允诺。I)日常业务中非借贷引起的债务除外; II)甲方透露的债务 或者获得甲方书面允许透露的债务除外。

                                        

                                      

                                    


                            

                             

                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            	
                                                     

                                                  	
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              2.1.5
                                                                To normally operate
                                                                all business to maintain
                                                                the asset value of
                                                                Party B,
                                                                without taking any
                                                                action or failing
                                                                to take any action
                                                                that would result
                                                                in a material adverse
                                                                effect on the business
                                                                or asset value of
                                                                Party
                                                                B;

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  


                                          

                                          
                                            
                                              	
                                                       

                                                    	
                                                      
                                                        
                                                          
                                                            2.1.5
                                                              规范运做所有业务以维持乙方资产价值,不损害乙方业务或资产价 值。

                                                          

                                                        

                                                      

                                                    


                                            

                                             

                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              	
                                                                       

                                                                    	
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  2.1.6
                                                                                    Without
                                                                                    prior
                                                                                    written
                                                                                    consent
                                                                                    by
                                                                                    Party
                                                                                    A,
                                                                                    not
                                                                                    to
                                                                                    enter
                                                                                    into
                                                                                    any
                                                                                    material
                                                                                    agreement,
                                                                                    other
                                                                                    than
                                                                                    agreements
                                                                                    in
                                                                                    the
                                                                                    ordinary
                                                                                    course
                                                                                    of
                                                                                    business
                                                                                    (for
                                                                                    purposes
                                                                                    of
                                                                                    this
                                                                                    paragraph,
                                                                                    if
                                                                                    the
                                                                                    amount
                                                                                    of
                                                                                    the
                                                                                    Agreement
                                                                                    involves
                                                                                    an
                                                                                    amount
                                                                                    that
                                                                                    exceeds
                                                                                    a
                                                                                    hundred
                                                                                    thousand
                                                                                    Yuan
                                                                                    (RMB
                                                                                    100,000)
                                                                                    the
                                                                                    agreement
                                                                                    shall
                                                                                    be
                                                                                    deemed
                                                                                    material);

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    


                                                            

                                                            
                                                              
                                                              

                                                               

                                                               

                                                              
                                                                
                                                                   

                                                                

                                                                
                                                                  6

                                                                  
                                                                    

                                                                  

                                                                

                                                                
                                                                   

                                                                

                                                              

                                                              
 

                                                              
                                                                	
                                                                         

                                                                      	
                                                                        
                                                                          
                                                                            
                                                                              2.1.6
                                                                                未经甲方事先书面同意,不讨论任何实质性协定,用于正常商业目的 除外 (该段中,如果协议金额超过 100,000
                                                                                人民币, 该协议被视为实 质性协议)。

                                                                            

                                                                          

                                                                        

                                                                      


                                                              

                                                               

                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  	
                                                                                           

                                                                                        	
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        2.1.7
                                                                                                          Without
                                                                                                          prior
                                                                                                          written
                                                                                                          consent
                                                                                                          by
                                                                                                          Party
                                                                                                          A,
                                                                                                          not
                                                                                                          to
                                                                                                          provide
                                                                                                          loan
                                                                                                          or
                                                                                                          credit
                                                                                                          loan
                                                                                                          to
                                                                                                          any
                                                                                                          others;

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        


                                                                                

                                                                                
                                                                                  
                                                                                    	
                                                                                             

                                                                                          	
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    2.1.7
                                                                                                      未经甲方事先书面同意,不向他人或组织提供任何贷款或信用借款。

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          


                                                                                  

                                                                                   

                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        	
                                                                                                                 

                                                                                                              	
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                2.1.8
                                                                                                                                  Upon
                                                                                                                                  the
                                                                                                                                  request
                                                                                                                                  of
                                                                                                                                  Party
                                                                                                                                  A,
                                                                                                                                  to
                                                                                                                                  provide
                                                                                                                                  all
                                                                                                                                  materials
                                                                                                                                  of
                                                                                                                                  operation
                                                                                                                                  and
                                                                                                                                  finance
                                                                                                                                  relevant
                                                                                                                                  to
                                                                                                                                  Party
                                                                                                                                  B;

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              


                                                                                                      

                                                                                                      
                                                                                                        
                                                                                                          	
                                                                                                                   

                                                                                                                	
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            2.1.8
                                                                                                                              根据甲方要求,向乙方提供所有业务和财务相关材料。

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                


                                                                                                        

                                                                                                         

                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                	
                                                                                                                                         

                                                                                                                                      	
                                                                                                                                        
                                                                                                                                          
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          2.1.9
                                                                                                                                                            Purchases
                                                                                                                                                            and
                                                                                                                                                            holds
                                                                                                                                                            the
                                                                                                                                                            insurance
                                                                                                                                                            from
                                                                                                                                                            the
                                                                                                                                                            insurance
                                                                                                                                                            company
                                                                                                                                                            accepted
                                                                                                                                                            by
                                                                                                                                                            Party
                                                                                                                                                            A,
                                                                                                                                                            the
                                                                                                                                                            insurance
                                                                                                                                                            amount
                                                                                                                                                            and
                                                                                                                                                            category
                                                                                                                                                            shall
                                                                                                                                                            be
                                                                                                                                                            the
                                                                                                                                                            same
                                                                                                                                                            with
                                                                                                                                                            those
                                                                                                                                                            held
                                                                                                                                                            by
                                                                                                                                                            the
                                                                                                                                                            companies
                                                                                                                                                            in
                                                                                                                                                            the
                                                                                                                                                            same
                                                                                                                                                            industry
                                                                                                                                                            or
                                                                                                                                                            field,
                                                                                                                                                            operating
                                                                                                                                                            the
                                                                                                                                                            similar
                                                                                                                                                            business
                                                                                                                                                            and
                                                                                                                                                            owning
                                                                                                                                                            the
                                                                                                                                                            similar
                                                                                                                                                            properties
                                                                                                                                                            and
                                                                                                                                                            assets
                                                                                                                                                            as
                                                                                                                                                            Party
                                                                                                                                                            B;

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          

                                                                                                                                        

                                                                                                                                      


                                                                                                                              

                                                                                                                              
                                                                                                                                
                                                                                                                                  	
                                                                                                                                           

                                                                                                                                        	
                                                                                                                                          
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      2.1.9
                                                                                                                                                        购买并保存甲方认可的保险公司所提供的保险,保险金额和种类必 须与同行业经营相同业务以及资产与乙方相当的公司所持有的保险 相同。

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          

                                                                                                                                        


                                                                                                                                

                                                                                                                                 

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                
                                                                                                                                  	
                                                                                                                                           

                                                                                                                                        	
                                                                                                                                          
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          
                                                                                                                                                            
                                                                                                                                                              2.1.10Without
                                                                                                                                                                prior
                                                                                                                                                                written
                                                                                                                                                                consent
                                                                                                                                                                by
                                                                                                                                                                Party
                                                                                                                                                                A,
                                                                                                                                                                not
                                                                                                                                                                to
                                                                                                                                                                merge
                                                                                                                                                                or
                                                                                                                                                                associate
                                                                                                                                                                with
                                                                                                                                                                any
                                                                                                                                                                person,
                                                                                                                                                                or
                                                                                                                                                                acquire
                                                                                                                                                                or
                                                                                                                                                                invest
                                                                                                                                                                in
                                                                                                                                                                any
                                                                                                                                                                person;

                                                                                                                                                            

                                                                                                                                                          

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          

                                                                                                                                        


                                                                                                                                

                                                                                                                                
                                                                                                                                  
                                                                                                                                    	
                                                                                                                                             

                                                                                                                                          	
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          2.1.10
                                                                                                                                                            未经甲方事先书面同意, 不进行任何合并、合作、收购或投资。

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          


                                                                                                                                  

                                                                                                                                   

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                
                                                                                                                                  
                                                                                                                                    	
                                                                                                                                             

                                                                                                                                          	
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          
                                                                                                                                                            
                                                                                                                                                              
                                                                                                                                                                2.1.11
                                                                                                                                                                  To
                                                                                                                                                                  notify
                                                                                                                                                                  Party
                                                                                                                                                                  A
                                                                                                                                                                  of
                                                                                                                                                                  the
                                                                                                                                                                  occurrence
                                                                                                                                                                  or
                                                                                                                                                                  the
                                                                                                                                                                  potential
                                                                                                                                                                  occurrence
                                                                                                                                                                  of
                                                                                                                                                                  the
                                                                                                                                                                  litigation,
                                                                                                                                                                  arbitration
                                                                                                                                                                  or
                                                                                                                                                                  administrative
                                                                                                                                                                  procedure
                                                                                                                                                                  related
                                                                                                                                                                  to
                                                                                                                                                                  the
                                                                                                                                                                  assets,
                                                                                                                                                                  business
                                                                                                                                                                  and
                                                                                                                                                                  income
                                                                                                                                                                  of
                                                                                                                                                                  Party
                                                                                                                                                                  B;

                                                                                                                                                              

                                                                                                                                                            

                                                                                                                                                          

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          


                                                                                                                                  

                                                                                                                                  
                                                                                                                                    
                                                                                                                                      	
                                                                                                                                               

                                                                                                                                            	
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          
                                                                                                                                                            
                                                                                                                                                              2.1.11
                                                                                                                                                                向甲方通告已发生或可能发生的与乙方资产、业务和收入相关的诉 讼、仲裁或行政程序。

                                                                                                                                                            

                                                                                                                                                          

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            


                                                                                                                                    

                                                                                                                                     

                                                                                                                                  

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                           

                                        	
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                2.1.12In
                                                                  order to keep the
                                                                  ownership of Party
                                                                  B to all its assets,
                                                                  to execute all
                                                                  requisite or appropriate
                                                                  documents, take
                                                                  all requisite or
                                                                  appropriate
                                                                  actions, and pursue
                                                                  all appropriate
                                                                  claims, or make
                                                                  requisite or appropriate
                                                                  pleas for all
                                                                  claims;

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        


                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
    

     

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
 

    
      	
               

            	
              2.1.12执行所有适当必要的文件,采取所有适当必要的措施,寻求所有适 当的索赔或寻找一切必要合理的索赔借口 来保障乙方所有资产的拥 有权。

            


    

     

    
      	
               

            	
              2.1.1
                3Without prior written notice by Party A, not to assign equity interests
                to shareholders in any form; however, Party A shall distribute all
                or part
                of its distributable profits to their own shareholders upon request
                by
                Party A;

            


    

    
      	
               

            	
              2.1.13
                未经甲方事先书面允许,不以任何形式向股东派发股息;但是,甲 方必须在甲方的要求下将其所能够分配的所有或部分利润分配给股 东;

            


    

     

    
      
        	
                 

              	
                
                  2.1.14According
                    to the request of Party A, to appoint any person designated by
                    Party A to
                    be the directors of Party B.

                

              


      

      
        	
                 

              	
                2.1.14
                  根据甲方的要求,指派甲方指定的人员担任乙方主管。

              


      

       

    

    
      
        
          	
                   

                	
                  2.2 
                    Promises Related to Transferor. Party C hereby
                    promise:.

                


        

        
          
            	
                     

                  	
                    2.2  出让方的承诺。丙方在此作出如下承诺:

                  


          

           

        

      

    

    
      	
               

            	
              2.2.1
                Without prior written consent by Party A, not, upon the execution
                of this
                Agreement, to sell, transfer, mortgage or dispose in any other form
                any
                legitimate or beneficial interest of equity interest, or to approve
                any
                other security interest set on it, with the exception of the pledge
                set on
                the equity interest of the Transferor subject to Equity Pledge
                Agreement;

            


      	 	2.2.1
              未经甲方事先书面同意,在履行该协议时,不得以任何其他形式出 售、转让、抵押或处理任何合法得益的股息,允许附加担保物权。 出让方抵押股息根据股权抵押协议规定的除外;


    

     

    
      	
               

            	
              2.2.2
                Without the prior written notice by Party A, not to decide or support
                or
                execute any shareholder resolution at any shareholder meeting of
                Party B
                that approves any sale, transfer, mortgage or dispose of any legitimate
                or
                beneficial interest of equity interest, or allows any other security
                interest set on it, other than the pledge on the equity interests
                of
                Transferor pursuant to Equity Pledge
                Agreement;

            


    

    
      
      

       

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      
 

      
        	
                 

              	
                
                  2.2.2
                    未经甲方事先书面公告,不定夺、支持或履行任何乙方股东会议所 作出的允许出售、转让、抵押或处理任何合法得益的股息,允许附 加担保物权的股东决议。出让方抵押股息根据股权抵押协议规定的 除外;

                

              


      

       

      
        
          	
                   

                	
                  
                    2.2.3
                      Without prior written notice by Party A, the Parties shall
                      not agree or
                      support or execute any shareholders resolution at any shareholder
                      meeting
                      of Party B that approves Party B’s merger or association with any person,
                      acquisition of any person or investment in any
                      person;

                  

                


        

        
          
            	
                     

                  	
                    
                      
                        2.2.3
                          未经甲方事先书面同意,各方不得同意、支持或履行在乙方股东会议 作出的关于允许乙方合并、合作、收购或投资的决议;

                      

                    

                  


          

          
             

            
              
                	
                         

                      	
                        
                          
                            2.2.4
                              To notify Party A the occurrence or the potential occurrence
                              of the
                              litigation, arbitration or administrative procedure
                              related to the equity
                              interest owned by them;

                          

                        

                      


              

              
                
                  	
                           

                        	
                          
                            
                              
                                2.2.4
                                  向甲方通告所拥有股权已发生或可能发生的相关的诉讼、仲裁或行 政程序;

                              

                            

                          

                        


                

                
                   

                  
                    
                      	
                               

                            	
                              
                                
                                  
                                    2.2.5
                                      To cause the Board of Directors of Party B
                                      to approve the transfer of the
                                      Purchased Equity Interest subject to this
                                      Agreement;

                                  

                                

                              

                            


                    

                    
                      
                        	
                                 

                              	
                                
                                  
                                    
                                      
                                        2.2.5
                                          促使乙方董事会根据本协议允许 已购股权的转让;

                                      

                                    

                                  

                                

                              


                      

                      
                         

                        
                          
                            	
                                     

                                  	
                                    
                                      
                                        
                                          
                                            2.2.6
                                              In order to keep its ownership of the
                                              equity interest, to execute all
                                              requisite or appropriate documents,
                                              conduct all requisite or appropriate
                                              actions, and make all requisite or
                                              appropriate claims, or make requisite
                                              or appropriate defend against fall
                                              claims of
                                              compensation;

                                          

                                        

                                      

                                    

                                  


                          

                          
                            
                              	
                                       

                                    	
                                      
                                        
                                          
                                            
                                              
                                                2.2.6执行所有适当必要的文件,采取所有适当必要的措施,寻求所有适 当的索赔或寻找必要合适的途径避免补偿性索赔以保障自身所拥有 的股权;

                                              

                                            

                                          

                                        

                                      

                                    


                            

                            
                               

                              
                                
                                  	
                                           

                                        	
                                          
                                            
                                              
                                                
                                                  
                                                    2.2.7
                                                      Upon the request of Party A,
                                                      to appoint any person designated
                                                      by Party A
                                                      to be the directors of Party
                                                      B;

                                                  

                                                

                                              

                                            

                                          

                                        


                                

                                
                                  
                                    	
                                             

                                          	
                                            
                                              
                                                
                                                  
                                                    
                                                      2.2.7
                                                        根据甲方的要求,指派甲方指定的人员担任乙方主管;

                                                    

                                                  

                                                

                                              

                                            

                                          


                                  

                                  
                                     

                                     

                                    
                                      
                                         

                                      

                                      
                                        9

                                        
                                          

                                        

                                      

                                      
                                         

                                      

                                    

                                     

                                    
                                      
                                        	
                                                 

                                              	
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            2.2.8
                                                              Upon the request of
                                                              Party A at any time,
                                                              to transfer its Equity
                                                              Interest
                                                              immediately to the
                                                              representative designated
                                                              by Party A unconditionally
                                                              at
                                                              any time and abandon
                                                              its prior right of
                                                              first refusal of such
                                                              equity
                                                              interest transferring
                                                              to another available
                                                              shareholder;

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              


                                      

                                      
                                        
                                          	
                                                   

                                                	
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              2.2.8
                                                                任何时候甲方提出要求,必须在任何时候无条件将所持股权转让给甲方指定代表并且放弃自身向其它股东转让股权的优先取舍权;

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                


                                        

                                        
                                           

                                          
                                            
                                              	
                                                       

                                                    	
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    2.2.9
                                                                      To prudently
                                                                      comply with
                                                                      the provisions
                                                                      of this Agreement
                                                                      and other
                                                                      Agreements
                                                                      entered into
                                                                      collectively
                                                                      or respectively
                                                                      by the Transferor,
                                                                      Party B and
                                                                      Party A and
                                                                      perform all
                                                                      obligations
                                                                      under these
                                                                      Agreements,
                                                                      without taking
                                                                      any action
                                                                      or any nonfeasance
                                                                      that sufficiently
                                                                      affects the
                                                                      validity and
                                                                      enforceability
                                                                      of these
                                                                      Agreements;

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    


                                            

                                            
                                              
                                                	
                                                         

                                                      	
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      2.2.9
                                                                        为了切实遵守本协议规定以及其他与之相关或独立的出 让方协议, 乙方和甲方必须履行所有协议中的义务,不得懈怠执行或采取任何 足以影响这些协议合法性和有效性的行为;

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      


                                              

                                              

                                                3.     Representations
                                                  and
                                                  Warranties. As of the execution
                                                  date of this Agreement and every
                                                  transferring
                                                  date, Party B, Party C hereby represent
                                                  and warrant collectively and
                                                  respectively to Party A as follows:

                                                3.     声明和担保。 每当履行该协议或每个转让日期,乙方和丙方在此单独或联合 向甲方作如下声明和担保:

                                                 

                                                
                                                  
                                                    	
                                                             

                                                          	
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            3.1
                                                                              It
                                                                              has
                                                                              the
                                                                              power
                                                                              and
                                                                              ability
                                                                              to
                                                                              enter
                                                                              into
                                                                              and
                                                                              deliver
                                                                              this
                                                                              Agreement,
                                                                              and
                                                                              any
                                                                              equity
                                                                              interest
                                                                              transferring
                                                                              Agreement
                                                                              (“Transferring
                                                                              Agreement,”
                                                                              respectively)
                                                                              having
                                                                              it
                                                                              as
                                                                              a party,
                                                                              for
                                                                              every
                                                                              single
                                                                              transfer
                                                                              of
                                                                              the
                                                                              Purchased
                                                                              Equity
                                                                              Interest
                                                                              according
                                                                              to
                                                                              this
                                                                              Agreement,
                                                                              and
                                                                              to
                                                                              perform
                                                                              its
                                                                              obligations
                                                                              under
                                                                              this
                                                                              Agreement
                                                                              and
                                                                              any
                                                                              Transferring
                                                                              Agreement.
                                                                              Upon
                                                                              execution,
                                                                              this
                                                                              Agreement
                                                                              and
                                                                              the
                                                                              Transferring
                                                                              Agreements
                                                                              having
                                                                              it
                                                                              as
                                                                              a
                                                                              party
                                                                              will
                                                                              constitute
                                                                              a legal,
                                                                              valid
                                                                              and
                                                                              binding
                                                                              obligation
                                                                              of
                                                                              it
                                                                              enforceable
                                                                              against
                                                                              it
                                                                              in
                                                                              accordance
                                                                              with
                                                                              its
                                                                              terms;

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          


                                                  

                                                  
                                                    
                                                      	
                                                               

                                                            	
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              3.1
                                                                                根据该协议的每次已购股权的转让,甲方有权利和能力讨论和发表该协 议,任何股权转让协议(单指转让协议)必须将甲方包括在内,并且在该 协议或其他转让协议条件下履行其义务。在履行过程中,该协议或其他转 让协议会将甲方包括在内并根据协议条款制定一个合法、有效、可行的绑 定义务。

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            


                                                    

                                                     

                                                     

                                                    
                                                      
                                                         

                                                      

                                                      
                                                        10

                                                        
                                                          

                                                        

                                                      

                                                      
                                                         

                                                      

                                                    

                                                    
                                                       

                                                      
                                                        
                                                          	
                                                                   

                                                                	
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  3.2
                                                                                    The
                                                                                    execution,
                                                                                    delivery
                                                                                    of
                                                                                    this
                                                                                    Agreement
                                                                                    and
                                                                                    any
                                                                                    Transferring
                                                                                    Agreement
                                                                                    and
                                                                                    performance
                                                                                    of
                                                                                    the
                                                                                    obligations
                                                                                    under
                                                                                    this
                                                                                    Agreement
                                                                                    and
                                                                                    any
                                                                                    Transferring
                                                                                    Agreement
                                                                                    will
                                                                                    not:
                                                                                    (i)
                                                                                    cause
                                                                                    to
                                                                                    violate
                                                                                    any
                                                                                    relevant
                                                                                    laws
                                                                                    and
                                                                                    regulations
                                                                                    of
                                                                                    PRC;
                                                                                    (ii)
                                                                                    constitute
                                                                                    a
                                                                                    conflict
                                                                                    with
                                                                                    its
                                                                                    Articles
                                                                                    of
                                                                                    Association
                                                                                    or
                                                                                    other
                                                                                    organizational
                                                                                    documents;
                                                                                    (iii)
                                                                                    cause
                                                                                    to
                                                                                    breach
                                                                                    any
                                                                                    Agreement
                                                                                    or
                                                                                    instruments
                                                                                    to
                                                                                    which
                                                                                    it
                                                                                    is
                                                                                    a
                                                                                    party
                                                                                    or
                                                                                    having
                                                                                    binding
                                                                                    obligation
                                                                                    on
                                                                                    it,
                                                                                    or
                                                                                    constitute
                                                                                    the
                                                                                    breach
                                                                                    under
                                                                                    any
                                                                                    Agreement
                                                                                    or
                                                                                    instruments
                                                                                    to
                                                                                    which
                                                                                    it
                                                                                    is
                                                                                    a
                                                                                    party
                                                                                    or
                                                                                    having
                                                                                    binding
                                                                                    obligation
                                                                                    on
                                                                                    it;
                                                                                    (iv)
                                                                                    cause
                                                                                    to
                                                                                    violate
                                                                                    relevant
                                                                                    authorization
                                                                                    of
                                                                                    any
                                                                                    consent
                                                                                    or
                                                                                    approval
                                                                                    to
                                                                                    it
                                                                                    and/or
                                                                                    any
                                                                                    continuing
                                                                                    valid
                                                                                    condition;
                                                                                    or
                                                                                    (v)
                                                                                    cause
                                                                                    any
                                                                                    consent
                                                                                    or
                                                                                    approval
                                                                                    authorized
                                                                                    to
                                                                                    it
                                                                                    to
                                                                                    be
                                                                                    suspended,
                                                                                    removed,
                                                                                    or
                                                                                    into
                                                                                    which
                                                                                    other
requests
                                                                                    be
                                                                                    added;

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                


                                                        

                                                        
                                                          
                                                            	
                                                                     

                                                                  	
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    3.2
                                                                                      该协议或其他转让协议的履行和发布以及义务的履行不得:

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  


                                                          

                                                           

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      	
              a)

            	
              违反任何中华人民共和国的法律、法规;

            
	
              b)

            	
              制定违反共同协议的条款或其他组织文件;

            
	
              c)

            	
              致使受约束协议方或承担义务方违反相关协议或文件,或者构成协

            
	 	
              议或文件促使协议方或承担义务方违反相关协议或文件;

            
	
              d)

            	
              违反任何同意或批准的授权和/或和危害其持续有效的条件;

            
	
              e)

            	
              延迟、取消此协议的执行和通过,或者产生附加条件。

            


    

     

    
      
        
          
            	
                     

                  	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    3.3
                                      The shares of Party B are transferable, and
                                      Party B has not permitted or
                                      caused any
                                      security interest to be imposed upon the shares
                                      of Party
                                      B.

                                  

                                

                              

                            

                          

                        

                      

                    

                  


          

          
            
              	
                       

                    	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      3.3
                                        乙方的股份可转让,但乙方不得将担保物权强加于乙方所持的股份。

                                    

                                  

                                

                              

                            

                          

                        

                      

                    


            

             

          

        

      

    

    
      
        
          
            
              	
                       

                    	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        3.4
                                          Party B does not have any unpaid debt,
                                          other than (i) debt arising from
                                          its normal business; and (ii) debt disclosed
                                          to Party A and obtained by
                                          written consent
                                          of Party
                                          A;

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    


            

            
              
                	
                         

                      	
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          3.4
                                            乙方没有任何负债, (1)由此正常业务产生的债务除外; (2)向甲方公示的、经甲方书面允诺而获得的债务除外。

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      


              

               

            

          

        

      

    

    
      
        
          
            
              
                	
                         

                      	
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          3.5
                                            Party B has complied with all PRC laws
                                            and regulations applicable to the
                                            acquisition
                                            of assets and securities in connection
                                            with this
                                            Agreement;

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      


              

              
                
                  	
                           

                        	
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              3.5
                                                乙方遵守所有中国与此协议相关、有关获得资产和有价债券的法律和规 定。

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        


                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  	
                           

                        	
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              3.6
                                                No litigation, arbitration or administrative
                                                procedure relevant to the
                                                Equity Interests and assets of Party
                                                B or Party B itself is in process
                                                or
                                                to be settled and the
                                                Parties have no knowledge of any
                                                pending or threatened
                                                claim;

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        


                

                
                  
                  

                   

                   

                  
                    
                       

                    

                    
                      11

                      
                        

                      

                    

                    
                       

                    

                  

                  
 

                  
                    	
                             

                          	
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  3.6
                                                    不得有任何与乙方的股权、资产或乙方自身相关的起诉、仲裁或行政程序 正在进行或即将被解决等情况的出现,或协议各方不了解乙方存在某些未 决或有威胁的索赔的情况出现。

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          


                  

                   

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    	
                             

                          	
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  3.7
                                                    The Transferor bears the fair
                                                    and salable ownership of its
                                                    Equity Interest
                                                    free of encumbrances of any kind,
                                                    other than the security interest
                                                    pursuant to the Equity Pledge
                                                    Agreement.

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          


                  

                  
                    
                      	
                               

                            	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      3.7
                                                        转让人接受任何形式合理、可销售、可自由转让的股权,根据股权转让协 议的担保物权除外。

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            


                    

                     

                  

                

              

            

          

        

      

    

    4.  Assignment
      of Agreement

    4. 
      协议项下权利义务的转让

     

    
       

      
        
          
            
              
                
                  
                    
                      	
                               

                            	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    4.1
                                                      Party B and Party C shall not
                                                      transfer their rights and obligations
                                                      under
                                                      this Agreement
                                                      to any third party without
                                                      the prior written consent of
                                                      the Party
                                                      A.

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            


                    

                    
                      
                        	
                                 

                              	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        4.1
                                                          未经甲方事先书面允许,乙方、丙方不得向第三方转让他们的权利和义务。

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              


                      

                       

                    

                  

                

              

            

          

        

      

    

    
      
         

        
          
            
              
                
                  
                    
                      
                        	
                                 

                              	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      4.2
                                                        Party B and Party C hereby
                                                        agrees that Party A shall
                                                        be able to transfer
                                                        all of its
                                                        rights and obligation under
                                                        this Agreement to any third
                                                        party with its
                                                        needs, and
                                                        such transfer shall only
                                                        be subject to a written notice
                                                        sent to Party B,
                                                        Party C
                                                        by Party A, and no any further
                                                        consent from Party B and
                                                        Party C will be
                                                        required

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              


                      

                      
                        
                          	
                                   

                                	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            4.2
                                                              乙方、丙方同意甲方可以根据自身需要向第三方转让其所有权利和义务。 但只有当甲方向乙方、丙方送达通知书才可转让,并且不需要乙方、丙方 的进一步许可。

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                


                        

                         

                      

                    

                  

                

              

            

          

        

      

    

    5.  Effective
      Date and Term

    5.
      有效日期和期限

     

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                 

                              	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        5.1
                                                          This Agreement shall be
                                                          effective as of the date
                                                          first set forth
                                                          above.

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              


                      

                      
                        
                          	
                                   

                                	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            5.1
                                                              此协议有效期至上述签订的有效 日期。

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                


                        

                         

                         

                        
                          
                             

                          

                          
                            12

                            
                              

                            

                          

                          
                             

                          

                        

                         

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                   

                                	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            5.2
                                                              The term of this Agreement
                                                              is ten (10) years unless
                                                              the early termination
                                                              in accordance with
                                                              this Agreement or other
                                                              terms of the relevant
                                                              agreements stipulated
                                                              by the Parties. This
                                                              Agreement may be extended
                                                              according to the written
                                                              consent of Party A
                                                              before the expiration
                                                              of this Agreement.
                                                              The term of
                                                              extension will be decided
                                                              unanimously through
                                                              mutual agreement of
                                                              the
                                                              Parties.

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                


                        

                        
                          
                            	
                                     

                                  	
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                5.2
                                                                  除非各方提前终止协议或签订相关协议重新规定期限,此协议的期限为十 年。在协议到期前,由甲方书面同意可以延长协议期限。延长的期限由各 方相互签约协商决定。

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  


                          

                           

                          
                             

                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  	
                                                           

                                                        	
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      5.3
                                                                                        If
                                                                                        Party
                                                                                        A
                                                                                        or
                                                                                        Party
                                                                                        B
                                                                                        terminates
                                                                                        by
                                                                                        the
                                                                                        expiration
                                                                                        of
                                                                                        its
                                                                                        operating
                                                                                        period
                                                                                        (including
                                                                                        any
                                                                                        extended
                                                                                        period)
                                                                                        or
                                                                                        other
                                                                                        causes
                                                                                        in
                                                                                        the
                                                                                        term
                                                                                        set
                                                                                        forth
                                                                                        in
                                                                                        Section
                                                                                        5.2,
                                                                                        this
                                                                                        Agreement
                                                                                        shall
                                                                                        be
                                                                                        terminated
                                                                                        simultaneously,
                                                                                        except
                                                                                        Party
                                                                                        A
                                                                                        has
                                                                                        transferred
                                                                                        its
                                                                                        rights
                                                                                        and
                                                                                        obligations
                                                                                        in
                                                                                        accordance
                                                                                        with
                                                                                        Section
                                                                                        4.2
                                                                                        of
                                                                                        this
                                                                                        Agreement.

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        


                                                

                                                
                                                  
                                                    	
                                                             

                                                          	
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          5.3
                                                                                            如果甲方和乙方由于协议执行期(包括延长期)到期或者是在 5.2
                                                                                            中的其 他原因退出,此协议将被同时终止;甲方在此之前已根据协议的 4.2
                                                                                            将其 权利和义务转让的情况除外。

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          


                                                  

                                                   

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    6.    
      Applicable Law and Dispute Resolution

    6.适用法律和争议的解决

     

    
      	
               

            	
              6.1
                Applicable Law. The execution, validity, construing and performance
                of
                this Agreement and the resolution of disputes under this Agreement
                shall
                be governed by the laws of PRC.

            


    

    
      	
               

            	
              6.1
                适用法律。 此协议的可执行性、有效期、解释和执行以及争端的解决均以 中华人民共和国的法律为指导。

            


    

     

    
      	
               

            	
              6.2
                Dispute Resolution. The parties shall strive to settle any dispute
                arising
                from the interpretation or performance in connection with this Agreement
                through friendly consultation. In case no settlement can be reached
                through consultation within thirty (30) days after such dispute is
                raised,
                each party can submit such matter to China International Economic
                and
                Trade Arbitration Commission (the “CIETAC”) in accordance with its rules.
                Arbitration shall take place in Beijing and the proceedings shall
                be
                conducted in Chinese. Any resulting arbitration award shall be final
                conclusive and binding upon both
                parties.

            


    

    
      
      

       

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

       

      
 

      
        	
                 

              	
                
                  6.2
                    争议的解决。各方应当友好磋商解决在此协议的解释和执行过程中所引发 的争议。如果在争议引发生 30
                    天内不能达成一致意见,各方可以将此问 题提交中国国际经济贸易仲裁委员会根据其制定的规定受理。仲裁将在北 京进行,所有程序以中文进行。任何仲裁将成为最终的结果,各方应当一 并承担。

                

              


      

       

      
        
          	
                  7.  

                	
                  Taxes
                    and Expenses. Each Party shall, according to the PRC laws, bear
                    any and
                    all registering taxes, costs and expenses for equity transfer
                    arising from
                    the preparation and execution of this Agreement and all Transferring
                    Agreements, and the completion of the transactions under this
                    Agreement
                    and all Transferring Agreements.

                


        

        
        

        
          
            
              	
                      7.  

                    	
                      税收和花费。根据中国法律,各方应承担所有在此协议和其他股权转让协议 下股权转让的准备、执行和完成交易过程中所产生的注册税,成本以及花费。

                    


            

            
            

             

          

        

      

    

    
      	
              8.  

            	
              Notices.
                Notices or other communications required to be given by any party
                pursuant
                to this Agreement shall be written in English and Chinese and delivered
                personally or sent by registered mail or postage prepaid mail or
                by a
                recognized courier service or by facsimile transmission to the address
                of
                relevant each party or both parties set forth below or other address
                of
                the party or of the other addressees specified by such party from
                time to
                time. The date when the notice is deemed to be duly served shall
                be
                determined as the follows: (a) a notice delivered personally is deemed
                duly served upon the delivery; (b) a notice sent by mail is deemed
                duly
                served the tenth (10th) day after the date when the air registered
                mail
                with postage prepaid has been sent out (as is shown on the postmark),
                or
                the fourth (4th) day after the delivery date to the internationally
                recognized courier service agency; and (c) a notice sent by facsimile
                transmission is deemed duly served upon the receipt time as is shown
                on
                the transmission confirmation of relevant
                documents.

            


    

    
    

    
      
        	
                8.  

              	
                
                  通知。 任何一方发出的、与此协议相关的通知或信息都应当用中文和英文书 写,并以以下方式:专人、使用挂号信件、 已付邮资的信件,急件送信服务, 传真发送到相关各方的地址、本页下方的地址、各方的其他地址或各方特定 的其他地址。通知适时送达的日期应当遵循如下原则: (1)个人递送的通知 的日期即应在送达之时; (2)用邮件递送的通知的日期在用已付邮资的空运
                    挂号信件送出当天(以邮戳为准) 后的第十天,或者用国际公认的急件送信 服务机构递送日期后的第四天;(3)用传真发送的通知的接收日期即相关文 件上递送确认书显示的日期。

                

              


      

      
      

    

    
    

     

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    Party
      A

     

    
      
        	
                
                  甲方:

                

              	
                Hong
                  Kong Yi Tat International Investment Limited

                香港易达国际投资有限公司

                
                  Address:RM1302-3
                    13/F Crocodile House II 55 Connaught Road Central, HK

                  地址: RM1302-3
                    13/F Crocodile House II 55 Connaught Road Central, HK

                

                Attn:

                联系人

                Fax:

                传真

                Tel:

                电话

              


      

       

    

    Party
      B:

     

    
      	
              乙方

            	
              Fujian
                Jiaoguang Media Co., Ltd

              福建教广传媒有限公司

              Address:
                Wang Jiang Building, No. 18 Long Gu Du Jia Village, Lang Qi Economic
                Zone,
                Fuzhou, China.

              地址:福州市琅岐经济区龙鼓度假村 18号望江楼

              Attn:

              联系人

              Fax:

              传真

              Tel:

              电话

            


    

     

    Party
      C:


     

    
      
        	
                丙方

              	
                Party
                  

                C1

                丙 方
                  CHEN Minhua

                1.  
陈敏华

                Address:
                  

                地址:

                Tel:

                电话

                
                  Fax:

                  传真

                

              


      

      


      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

    

     

    
       

      
        
          	
                   

                	
                  Party
                    

                  C2

                  丙 方
                    FAN Yanling

                  2.  
范艳 玲

                  Address:
                    

                  地址:

                  Tel:

                  电话

                  
                    Fax:

                    传真

                  

                


        

        

           

          
            	
                    9.  

                  	
                    Confidentiality.
                      The Parties acknowledge and confirm any oral or written materials
                      exchanged by the Parties in connection with this Agreement
                      are
                      confidential. The Parties shall maintain the secrecy and confidentiality
                      of all such materials. Without the written approval by the
                      other Parties,
                      any Party shall not disclose to any third party any relevant
                      materials,
                      but the following circumstances shall be
                      excluded:

                  


          

          
          

          
            
              	
                      9.  

                    	
                      
                        保密条款。各方之间应当认识到任何与此文件相关的口头或书面资料都是保 密的,应当确保所有这样的文件的机密性。未经其他三方的书面允许, 任何 一方不得向第三方提供相关的资料。但下述资料不应被甲、乙、丙三方认为 是保密资料:

                      

                    


            

            
            

          

          
          

           

        

      

    

    
       

      
        	
                a)

              	
                The
                  materials that is known or may be known by the general public
                  (but not include the materials disclosed by each party receiving
                  the
                  materials);

              
	
                a)

              	
                
                  公众获悉或者可能被公众获悉的资料(但不包括各方收到资料后公布的);

                

              
	 	 
	b)	   
                The
                materials required to be disclosed subject to the applicable laws
                or the
                rules or provisions of stock exchange; or
	
                b)

              	
                由股票交易市场相关的法律、制度、规则规定应当公开的资料;

              


      

       

       

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      
 

      
        	
                c)

              	
                The
                  materials disclosed by each Party to its legal or financial
                  consultant relating
                  the transaction of this Agreement, and this legal or financial
                  consultant
                  shall
                  comply with the confidentiality set forth in this Section. The
                  disclosure
                  of
                   the confidential materials by staff or employed institution of
                  any Party
                  shall be deemed as the disclosure of such materials by such Party,
                  and
                  such Party shall bear the liabilities for breaching the contract.
                  This
                  clause shall survive whatever this Agreement is invalid, amended,
                  revoked,
                  terminated or unable to implement by any reason.

              
	
                c)

              	
                各方向其法律顾问或财务顾问提供的、与该协议相关的资料,该法律顾问 或财务顾问应当遵守此章节提出的保密条款。任何一方的员工或者受雇的 机构披露机密资料将被视为该方泄密的行为,并且该方将承担相应的违约 责任。无论此协议是否有效,或者由于某些原因修改、废除、终止此协议, 此条条款始终有效。

              


      

       

      
         

        
          	
                  10.  

                	
                  
                    Further
                      Warranties. The Parties agree to promptly execute documents
                      reasonably
                      required to perform the provisions and the aim of this Agreement
                      or
                      documents beneficial to it, and to take actions reasonably
                      required to
                      perform the provisions and the aim of this Agreement or actions
                      beneficial
                      to it.

                  

                


        

        
        

        
          
            	
                    10.  

                  	
                    
                      担保条款。各方允诺应立即执行对本协议规定实现有益的文件中的合理要求。 并采取对本协议规定实现有益的的措施。

                    

                  


          

          
          

        

        
        

         

        
          
            
              	
                      11.  

                    	
                      
                        
                          Miscellaneous.

                        

                      

                    


            

            
            

            
              
                	
                        11.  

                      	
                        
                          其他条款。

                        

                      


              

              
              

            

            
            

             

          

          
            
              	
                       

                    	
                      
                        11.1
                          Amendment, Modification and Supplement. Any amendment and
                          supplement to
                          this Agreement shall only be effective is made by the Parties
                          in
                          writing.

                      

                    


            

            
              	
                       

                    	
                      
                        11.1
                          协议的改善、修正和补充。任何对协议的改善和补充必须由各方书面 签定才能生效。

                      

                    


            

             

          

        

        
          
            
              	
                       

                    	
                      
                        
                          11.2
                            Entire Agreement. Notwithstanding the Article 5 of this
                            Agreement, the
                            Parties acknowledge that this Agreement constitutes the
                            entire agreement
                            of the Parties with respect to the subject matters therein
                            and supercede
                            and replace all prior or contemporaneous agreements and
                            understandings in
                            verb or/and in writing.

                        

                      

                    


            

            
              	
                       

                    	
                      
                        
                          11.2
                            协议的完整性。协议的第 5
                            款除外,各方应当认识到该协议阐述了各方 关于协议所述问题所达成的一致。该协议取代任何先前和同时期所有的 口头或书面协议。

                        

                      

                    


            

             

             

            
              
                 

              

              
                17

                
                  

                

              

              
                 

              

            

             

            
              
                
                  
                    	
                             

                          	
                            
                              
                                
                                  11.3
                                    Severability. If any provision of this Agreement
                                    is judged as invalid or
                                    non-enforceable according to relevant Laws, the
                                    provision shall be deemed
                                    invalid only within the applicable laws and regulations
                                    of the PRC, and
                                    the validity, legality and enforceability of
                                    the other provisions hereof
                                    shall not be affected or impaired in any way.
                                    The Parties shall, through
                                    fairly consultation, replace those invalid, illegal
                                    or non-enforceable
                                    provisions with valid provisions that may bring
                                    the similar economic
                                    effects with the effects caused by those invalid,
                                    illegal or
                                    non-enforceable
                                    provisions.

                                

                              

                            

                          


                  

                  
                    	
                             

                          	
                            
                              
                                
                                  11.3
                                    协议的可分性。如果根据相关法律任何该协议的规定失效或者不可实施, 则该规定只有在适用的中华人民共和国法律和法规范围内失效,但是其 他条款的有效性、合法性和可执行性不会受到任何影响和削弱。各方需 通过合理的协商,通过使用产生相同经济效益的其他有效规定来取代这 些无效、不合法或不可实施的规定。

                                

                              

                            

                          


                  

                   

                  
                    
                      
                        
                          
                            	
                                     

                                  	
                                    
                                      
                                        
                                          
                                            11.4
                                              Headings. The headings contained in
                                              this Agreement are for the convenience
                                              of reference only and shall not affect
                                              the interpretation, explanation or
                                              in any other way the meaning of the
                                              provisions of this
                                              Agreement.

                                          

                                        

                                      

                                    

                                  


                          

                          
                            	
                                     

                                  	
                                    
                                      
                                        
                                          
                                            11.4
                                              标题。此协议所含的标题仅供参考的方便,不会影响协议中的阐述、解 释或条款的含义。

                                          

                                        

                                      

                                    

                                  


                          

                           

                        

                      

                    

                  

                  
                    
                      
                        
                          
                            
                              	
                                       

                                    	
                                      
                                        
                                          
                                            
                                              
                                                11.5
                                                  Language and Copies. This Agreement
                                                  has been executed in English in
                                                  four
                                                  (4) duplicate originals; each Party
                                                  holds one (1) original and each
                                                  duplicate original shall have the
                                                  same legal
                                                  effect.

                                              

                                            

                                          

                                        

                                      

                                    


                            

                            
                              	
                                       

                                    	
                                      
                                        
                                          
                                            
                                              
                                                11.5
                                                  语言和副本。此协议由英文起草,一式四份,各方各执一份,具同等法 律效力。

                                              

                                            

                                          

                                        

                                      

                                    


                            

                             

                            
                              
                                
                                  
                                    
                                      
                                        
                                          	
                                                   

                                                	
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              11.6
                                                                Successor. This Agreement
                                                                shall bind and benefit
                                                                the successor of
                                                                each
                                                                Party and the transferee
                                                                allowed by each
                                                                Party.

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                


                                        

                                        
                                          	
                                                   

                                                	
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              11.6
                                                                继承。此协议将约束各方的承继人,并惠及各方承继者或各方认可的承 让方。

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                


                                        

                                         

                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        	
                                                                 

                                                              	
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              11.7
                                                                                Survival.
                                                                                Any
                                                                                obligation
                                                                                taking
                                                                                place
                                                                                or
                                                                                at
                                                                                term
                                                                                hereof
                                                                                prior
                                                                                to
                                                                                the
                                                                                end
                                                                                or
                                                                                termination
                                                                                ahead
                                                                                of
                                                                                the
                                                                                end
                                                                                of
                                                                                this
                                                                                Agreement
                                                                                shall
                                                                                continue
                                                                                in
                                                                                force
                                                                                and
                                                                                effect
                                                                                notwithstanding
                                                                                the
                                                                                occurrence
                                                                                of
                                                                                the
                                                                                end
                                                                                or
                                                                                termination
                                                                                ahead
                                                                                of
                                                                                the
                                                                                end
                                                                                of
                                                                                the
                                                                                Agreement.
                                                                                Article
                                                                                6,
                                                                                Article
                                                                                8,
                                                                                Article
                                                                                9
                                                                                and
                                                                                Section
                                                                                11.7
                                                                                hereof
                                                                                shall
                                                                                continue
                                                                                in
                                                                                force
                                                                                and
                                                                                effect
                                                                                after
                                                                                the
                                                                                termination
                                                                                of
                                                                                this
                                                                                Agreement.

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              


                                                      

                                                      
                                                      

                                                       

                                                       

                                                      
                                                        
                                                           

                                                        

                                                        
                                                          18

                                                          
                                                            

                                                          

                                                        

                                                        
                                                           

                                                        

                                                      

                                                       

                                                      
 

                                                      
                                                        	
                                                                 

                                                              	
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              11.7
                                                                                效力。 在协议到期前停止协议或终止协议,各方应当继续履行义务。 在 终止条约后,第6、8、9章节和 11.7
                                                                                条款仍然有效。

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              


                                                      

                                                       

                                                       

                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      	
                                                                               

                                                                            	
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              11.8
                                                                                                Waiver.
                                                                                                Any
                                                                                                Party
                                                                                                may
                                                                                                waive
                                                                                                the
                                                                                                terms
                                                                                                and
                                                                                                conditions
                                                                                                of
                                                                                                this
                                                                                                Agreement
                                                                                                in
                                                                                                writing
                                                                                                with
                                                                                                the
                                                                                                signature
                                                                                                of
                                                                                                the
                                                                                                Parties.
                                                                                                Any
                                                                                                waiver
                                                                                                by
                                                                                                a
                                                                                                Party
                                                                                                to
                                                                                                the
                                                                                                breach
                                                                                                by
                                                                                                other
                                                                                                Parties
                                                                                                within
                                                                                                certain
                                                                                                situation
                                                                                                shall
                                                                                                not
                                                                                                be
                                                                                                construed
                                                                                                as
                                                                                                a
                                                                                                waiver
                                                                                                to
                                                                                                any
                                                                                                similar
                                                                                                breach
                                                                                                by
                                                                                                other
                                                                                                Parties
                                                                                                within
                                                                                                other
                                                                                                situations.

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            


                                                                    

                                                                    
                                                                      	
                                                                               

                                                                            	
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              11.8
                                                                                                弃权。各方书面签字同意后,一方可以放弃协议规定的条款。某种情况 下当事人一方对其他方违约不能视作在其他情况下对其他方违约的弃 权者处理。

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            


                                                                    

                                                                     

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                       

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    [SIGNATURE
      PAGE FOLLOWS]

     

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    [SIGNATURE
      PAGE]

     

    IN
      WITNESS WHEREOF, the parties hereof
      have caused this Agreement
      to be
      executed by their
duly
authorized
representatives
as
of
the
      date first written above.


     

     

    
       

      
        

          
            	
                    PARTY
                      A:

                  	
                    Hong
                      Kong Yi Tat International Investment Limited

                  	
                    For
                      and on behalf of

                  
	 甲方:	
                    Legal/Authorized
                      Representative

                  	
                    Hong
                      Kong International Investment Limited

                  
	 	 	
                    /s/

                  
	 	 	
                    Authorized
                      Signature(s)

                  
	 	
                    Name:____________________________

                  	 
	 	 	 
	 	
                    Title:
                      ____________________________

                  	 


          

        

         

         

        
          
            	
                    PARTY
                      B:

                  	
                    Fujian
                      Jiaoguang Media Co., Ltd.

                  	
                  
	乙方	
                    Legal/Authorized
                      Representative:  /s/ 

                  	
                     

                  
	 	 	
                     

                  
	 	 	 
	 	
                    Name:____________________________

                  	 
	 	 	 
	 	
                    Title:
                      ____________________________

                  	 


          

        

         

         

        
          
             

          

          
            20

            
              

            

          

          
             

          

        

        
           

           

           

          
            
              	
                      PARTY
                        C:

                    	
                      /s/
                        Chen Minhua                     

                    	
                    
	丙 方	
                      By:  CHEN
                        Minhua 

                    	
                       

                    
	 	(PRC
                      ID Card No. 362133195701293336)	
                       

                    
	 	
                      Shares
                        of Fujian Jiaoguang Media Co., Ltd. Owned by CHEN Minhua:
                        50%

                    	 
	 	 	 
	 	 	 
	 	/s/
                      Fan Yaning                      	 
	 	By:  FAN
                      Yanling	 
	 	
                      
                        (PRC
                          ID Card No. 142724197302033128)

                      

                    	 
	 	 Shares
                      of Fujian Jiaoguang Media Co., Ltd. Owned by FAN Yanling:
                      50%	 
	 	
                       

                    	 


            

          

           

        

         

        21