Document:

Digicorp, Inc. - Exhibit 10.1

	 	 	 	 	 
	 	 	Dated this 31st day of May 2008	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	Yes Television (Hong Kong) Limited	 
	 	 	 	 	 
	 	 	and	 
	 	 	 	 	 
	 	 	New China Media LLC	 
	 	 	 	 
	 	 	and	 
	 	 	 	 
	 	 	Youth Media "HKG" Limited	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	Supply Agreement for Content	 

	 	THIS AGREEMENT is made the 31st day of May 2008	 
	 	 	 	 
	 	 	BETWEEN:	 
	 	 	 	 
	 	(1)	Yes Television (H.K.) Limited, a company registered in Hong Kong whose registered office is at 11th Sunning Plaza, 10 Hysan Avenue, Causeway Bay, Hong Kong ("Yes TV"); and 
	 
	 	 	 	 
	 	(2)	 NEW CHINA MEDIA LLC, a company registered in USA and Hong Kong, China whose registered office is at 400 Alton Road, Penthouse 7, Miami Beach, Florida, 33139 ("NCM")
	 
	 	 	 	 
	 	(3)	YOUTH MEDIA "HKG" Limited, c/o Digicorp, Inc., whose registered office is at 4143 Glencoe Avenue, Marina Del Ray, California, 90292 ("YOUTH")
	 
	 	 	 	 
	 	(Collectively NCM and YOUTH shall be referred to as "LICENSEES")	 
	 	 	 	 
	 	 	WHEREAS	 
	 	 	 	 
	 	A.	Yes TV is a content aggregator providing, amongst other things, live and delay broadcast for distribution and transmission via telecommunications networks.
	 
	 	 	 	 
	 	B.	NCM and YOUTH (collectively "Licensees") wish to source certain content from Yes TV so that LICENSEES may in turn redistribute the same on it’s affiliates internet platforms
	 
	 	 	 	 
	 	C.	Yes TV has agreed to supply certain content to LICENSEES based on the terms set out in this Agreement and listed in Schedule 1.
	 
	 	 	 	 
	 	NOW IT IS HEREBY AGREED as follows;	 
	 	 	 	 
	 	1.	Definitions and Interpretation	 
	 	 	 	 	 
	 	 	1.1	The following words and expressions shall have the following meanings, unless the context otherwise requires:
	 
	 	 	 	 	 

	 	 	"Agreement"	 	means this agreement between the Parties;
	 
	 	 	 	 	 	 	 
	 	 	"Business Day"	 	means a day (excluding Saturdays) on which banks in Hong Kong generally are open for the transaction of normal banking business;
	 
	 	 	 	 	 	 	 
	 	 	"Subscribers"	 	means subscribers of LICENSEES subscribing for the Subscriber Content pursuant to the Subscriber Agreements, and "Subscriber" means any of them;
	 
	 	 	 	 	 	 	 
	 	 	"Subscriber Agreements"	 	means the agreements between LICENSEES and the subscribers for the provision of the Subscriber Content, and "Subscriber Agreement", means any of them;
	 
	 	 	 	 	 	 	 
	 	 	"Subscriber Content"	 	means any part of or combination of the Included Content the Subscribers subscribed from LICENSEES pursuant to their respective Subscriber Agreements;
	 
	 	 	 	 	 	 
	 	 	"Included Content"	 	means the content set out in Schedule 1, which maybe updated by Yes TV from time to time;
	 
	 	 	 	 	 	 
	 	 	"License"	 	as defined under Clause 4.1;
	 
	 	 	 	 	 	 
	 	 	"Net Revenue"	 	means the net revenue actually received by LICENSEES from any form of advertisement in relation to the Included Content by Yes TV less any agency fees, commission and sales tax 
	 
	 	 	 	 	 	 
	 	 	"Parties"	 	means Yes TV and LICENSEES and "Party" means any of them;
	 
	 	 	 	 	 	 
	 	 	"Services"	 	means the provision of any part of or combination of the Included Content by Yes TV to LICENSEES for its delivery to the Subscribers to perform its obligations under the Subscriber Agreements and the operation and maintenance of the systems necessary to allow LICENSEES to deliver such part of or combination of the Included Content to the Subscribers;
	 
	 	 	 	 	 	 
	 	 	"Territory"	 	means the People’s Republic of China (excluding Hong Kong, Macau, and Taiwan);
	 
	 	 	 	 	 	 

	 	 	1.2	Except where the context otherwise requires the masculine gender shall include the feminine and neuter and singular shall include the plural and vice versa and reference to persons include body corporate or unincorporated.
	 
	 	 	 	 	 
	 	2.	Term	 
	 	 	 	 	 
	 	 	2.1	This Agreement shall commence on signing and shall continue until 30th April, 2010 unless extended as agreed in writing between the Parties.
	 
	 	 	 	 	 
	 	3.	Scope	 
	 	 	 	 	 
	 	 	3.1	Yes TV shall provide to LICENSEES the agreed Services ordered pursuant to Clause 3.2 below.  Yes TV shall notify LICENSEES on an ongoing basis what Content and Services are available to LICENSEES, and subject to prior discussions and understanding/agreement between the Parties on the details of a particular order, including but not limited to the items set out in the P.O. (as defined below), LICENSEES may from time to time during the Term of this Agreement place orders (in the form substantially similar to the Placement of Order Form ("P.O.") appended as Schedule 2 hereto) with Yes TV for the Services.  For the avoidance of doubt, LICENSEES can only order Services that has been made available by Yes TV to LICENSEES.  Within thirty (30) days from the placing of the relevant order by LICENSEES, Yes TV shall make the said ordered Services available to LICENSEES in such format as may be agreed between the Parties pursuant the P.O.
	 
	 	 	 	 	 
	 	 	3.2	LICENSEES must make the ordered Services available to it’s affiliates internet platforms no later than 30 days after Yes TV has provided the ordered Services, otherwise Yes TV has the right to cancel the agreed Services.
	 
	 	 	 	 	 
	 	 	3.3	Any P.O. placed during the Term of this Agreement and is operating on the date of expiry or termination of this Agreement shall survive the expiry or termination of this Agreement and remain in full force and effect until the expiry or termination of the term of such P.O..  The term for any included Content shall be negotiated on an individual basis specific to that content. If no term is specified on a P.O. then by default the term shall be deemed to be one (1) year from the commencement date as set out in such P.O.. LICENSEES acknowledge and agree that they will not enter into Subscriber Agreements in excess of the term licensed from Yes TV for each piece of Included Content.
	 
	 	 	 	 	 
	 	 	3.4	For the avoidance of doubt, it shall always be the sole and full discretion of Yes TV on the type of Services Yes TV will offer to LICENSEES while LICENSEES shall have the full and sole discretion to accept or reject the terms and conditions of the Services as offered by Yes TV.
	 
	 	 	 	 	 
	 	4.	Obligations of Yes TV	 
	 	 	 	 	 
	 	 	4.1	In consideration of LICENSEES’s payment of the fees as set out under Clause 6 in accordance with the terms of this Agreement and the P.O., Yes TV grants LICENSEES an exclusive and right to broadcast and distribute the Included Content to the Subscribers in the Territory ("License").  For the avoidance of doubt, Subscribers should only be limited to Universities and College students restricted to access the said content in the Territory.  Furthermore, for content can be on an exclusive or non-exclusive basis all subject to the final terms set out in the P.O. related to the specific content agreed to be supplied by Yes TV and carried by LICENSEES on its platform.
	 
	 	 	 	 	 
	 	 	4.2	The License shall cover the original language and any languages as may be requested by LICENSEES subject to availability and the payment of any additional fees to be agreed between the Parties for providing the extra language or localization
	 
	 	 	 	 	 
	 	 	4.3	Included Content may contain Yes TV logo at the beginning or appear on screen at all time.  By delivering such Included Content to LICENSEES, Yes TV grants to LICENSEES a non-exclusive and right to use, license, deliver, distribute and broadcast the Yes TV logo together with such Included Content.
	 
	 	 	 	 	 
	 	 	4.4	Yes TV shall provide the Included Content in format to be agreed between the Parties.
	 
	 	 	 	 	 
	 	 	4.5	Yes TV shall notify LICENSEES in writing and set out the P.O. all the specific conditions provided in relation to relevant content supplier to Yes TV before the conclusion of a particular P.O..  In the event a content supplier wishes to impose further conditions on the Included Content it provides in the course of the term of a particular P.O., Yes TV shall notify LICENSEES in writing details of such new conditions within ten (10) Business Days upon its notification of the same from content provider and shall liaise with such content supplier the terms, scope and other details of the proposed new conditions in the interests of Yes TV, LICENSEES and the relevant Subscriber as a whole.
	 
	 	 	 	 	 
	 	5.	Obligations of LICENSEES	 
	 	 	 	 	 
	 	 	5.1	LICENSEES shall not cut, edit, change, add to, delete from or revise any of the Included Content provided without the prior written consent of Yes TV.
	 
	 	 	 	 	 
	 	 	5.2	Subject to Yes TV performing this Agreement and the transactions contemplated hereunder, LICENSEES shall pay the fees for the Services provided in a timely manner and in accordance with the terms of this Agreement.
	 
	 	 	 	 	 
	 	 	5.3	LICENSEES shall ensure that the use, delivery, broadcast and distribution of the Included Content in the Territory by LICENSEES as contemplated by this Agreement shall at all times comply with all application laws and regulations. LICENSEES are also responsible for all required licenses to distribute the content to its Subscribers in the Territory.
	 
	 	 	 	 	 
	 	 	5.4	LICENSEES shall ensure that the use, delivery, broadcast and distribution of the Included Content in the Territory by LICENSEES as contemplated by this Agreement shall at all times comply with the specific conditions, including but not limited to any applicable license periods, black out periods and any other conditions of use, as may be imposed by the relevant content supplier and notified by Yes TV to LICENSEES in writing/set out in the P.O. (as appropriate) in accordance with Clause 4.7.
	 
	 	 	 	 	 
	 	6.	Fees	 
	 	 	 	 	 
	 	 	6.1	LICENSEES shall pay to Yes TV the fees set out in Schedule 1 for Yes TV’s provision of the Services.  The Parties shall agree on terms for the Services to be ordered by LICENSEES with Yes TV.
	 
	 	 	 	 	 
	 	 	6.2	Yes TV will issue invoices in relation to the Services ordered.  All payment by LICENSEES to Yes TV shall be made within thirty (14) Business Days from the date of receipt of the said invoice(s).  A 10% per annum of interest will be charged by Yes TV for the late payment.
	 
	 	 	 	 	 
	 	 	6.3	All payments to Yes TV shall be made in full without any set-off or deduction in respect of any withholding and other taxes (if any).  In the event that any withholding tax is imposed on any amount of the Fee required to be paid by LICENSEES, the Fee shall be increased by the amount of such withholding tax.  LICENSEES shall pay all such taxes to the appropriate authorities in the Territory.
	 
	 	 	 	 	 
	 	7.	Representations and Warranties	 
	 	 	 	 	 
	 	 	7.1	Each of the Parties hereto represents and warrants to the other Party that it has the capacity and all necessary authority to enter into this Agreement and to perform its obligations hereunder.
	 
	 	 	 	 	 
	 	 	7.2	Yes TV represents and warrants that it has and shall maintain at all times all the necessary consents, approvals, right (include but not limited to intellectual property rights but excluding the public performing and broadcasting rights in and to the musical elements contained in the Included Content) for the granting to LICENSEES and the Subscribers (where appropriate) all the rights hereby and which shall be granted under or in connection with this Agreement.
	 
	 	 	 	 	 
	 	8.	Limitation of Liability	 
	 	 	 	 	 
	 	 	8.1	No Party shall be liable to the other Party for loss of profits, goodwill, business opportunity, data or revenue or any type of special indirect or consequential loss (including without limitation loss or damage suffered by LICENSEES as a result of an action brought by a third party) even if such loss was reasonably foreseeable or a Party had been advised of the possibility of the other Party incurring the same.
	 
	 	 	 	 	 
	 	 	8.2	Nothing in this clause shall confer any right or remedy upon either Party to which it would not otherwise be legally entitled.
	 
	 	 	 	 	 
	 	 	8.3	Yes TV’s total liability under this Agreement shall be restricted to the aggregate Fee paid by LICENSEES to Yes TV under this Agreement, prior to the claim brought by LICENSEES.	 
	 	 	 	 	 
	 	9.	Confidentiality	 
	 	 	 	 	 
	 	 	9.1	The Parties each agree to keep the contents of this document and the matters contemplated herein confidential, and not to disclose the same to any person whatsoever (save to the extent required by law, an order if a relevant court of law, any regulation or requirement of any regulatory authority or a recognized stock exchange) without the prior written consent of the other Parties.  Each Party undertakes that it will not disclose or make use of, for its own benefit other than for the performance of this Agreement, any of the information of a confidential nature disclosed to it by any other Party.  The provisions of this Clause 9 do not apply to any information which is publicly available at the time of disclosure, any information obtained from a third party which is not under any confidentiality undertaking, nor does it apply to any information disclosed by the Parties to the extent that disclosure in required by law, an order of a relevant court of law, any regulation or requirement of any regulatory authority or a recognized stock exchange.
	 
	 	 	 	 	 
	 	 	9.2	Nothing in this Clause 9 shall be construed so as to prevent a Party from disclosing confidential information to any of it associates, employees, officers, agents, sub-contractors, or advisers to the extent that such disclosure is necessary for the performance of its rights and obligations hereunder, in which case such Party shall take all reasonable steps to ensure that such confidential information is treated as confidential by person to whom it is disclosed an such Party shall remain liable for any breach by the person to whom such information is disclosed.
	 
	 	 	 	 	 
	 	 	9.3	Nothing herein shall be construed so as to prevent a Party from using data processing techniques, ideas and other know-how gained without the use of confidential information obtained form the other Parties during the performance of this Agreement in furtherance of its business to the extent that this does not result in the disclosure of confidential information.
	 
	 	 	 	 	 
	 	10.	Publicity	 
	 	 	 	 	 
	 	 	 	Subject to Clause 9, each Party shall consult with the other Party before making any press announcement or otherwise publicizing this Agreement or any part of it in any way.  Notwithstanding the provisions of Clauses 9 and 10, it is agreed that both Parties shall be entitled, for the purposes of written marketing materials prepared for their respective fundraising activities only, to disclose each other’s identity and the existence of this Agreement.
	 
	 	 	 	 	 
	 	11.	Termination	 
	 	 	 	 	 
	 	 	11.1	This Agreement may be terminated:	 
	 	 	 	 	 	 
	 	 	 	(a)	forthwith by either Party if the other Party commits breach of any term of this Agreement and fails (in the case of a breach capable of being remedied) to remedy such breach with 30 days of a written request from the non-defaulting Party to remedy the same; or
	 
	 	 	 	 	 	 
	 	 	 	(b)	forthwith by either Party if the other Party shall convene a meeting of its creditors, if a proposal shall be made by the other Party for a voluntary arrangement or any other composition scheme or arrangement with (or assignment for the benefit of) its creditors, if the other Party shall be unable to pay its debts, if trustee receiver administrative receiver or similar officer is appointed in respect of all or any party of the business or assets of the other Party or if a petition is presented or a meeting is convened for the purpose of considering a resolution or other steps are taken for the winding up of the other Party or for the making of an administration order (otherwise than for the purpose of an amalgamation or reconstruction) or an event analogous to this occurs under the laws of any applicable jurisdiction. 
	 
	 	 	 	 	 	 
	 	 	11.2	Termination or expiry of this Agreement shall be without prejudice to any rights or obligations which shall have accrued prior to such termination or expiry.  For this avoidance of doubt, the Parties agree that the termination or expiry of this Agreement shall not affect the obligation of any Party to perform its outstanding obligations accrued prior to such termination or expiry date.
	 
	 	 	 	 	 
	 	 	11.3	Subject to Clause 11.2 on termination of this Agreement or the termination or expiry of all Subscriber Agreement entered into by LICENSEES prior to such date (whichever is the later), all licenses granted hereunder by Yes TV shall immediately be terminated.
	 
	 	 	 	 	 
	 	 	11.4	Subject to Clause 11.2, within 10 Business days of the termination of this Agreement, LICENSEES shall at Yes TV’s sole option return all copies of the Included Content in its possession or control and duly authorized officer of LICENSEES shall certify in writing to Yes TV that LICENSEES has complied with this obligation.
	 
	 	 	 	 	 
	 	 	11.5	Notwithstanding anything contained herein, this Agreement shall be terminated if Yes TV no longer holds the right to the agreed offered Services.
	 
	 	 	 	 	 
	 	12.	Force Majeure	 
	 	 	 	 	 
	 	 	12.1	Neither Party hereto shall be liable for any breach of its obligations under this Agreement resulting from causes beyond its reasonable control including but not limited to fires, strikes (of its own employees), delays or interruption affecting telecommunications services or Internet service providers, insurrection or riots, embargoes, wrecks or delays in transportation other than due to that Party’s fault or negligence, requirements or regulations of any civil or military authority (an "Event of Force Majeure")
	 
	 	 	 	 	 
	 	 	12.2	Each of the Parties hereto agrees to give notice forthwith to the other upon becoming aware of an Event of Force Majeure, such notice shall contain details of the circumstances giving rise to the Event of Force Majeure.
	 
	 	 	 	 	 
	 	 	12.3	If a default due to an Event of Force Majeure shall continue for more than 4 weeks, the Party not in default shall be entitled to terminate this Agreement.  Neither Party shall have any liability to the other in respect of the termination of this Agreement as a result of an Event of Force Majeure.
	 
	 	 	 	 	 
	 	13.	Waiver	 
	 	 	 	 	 
	 	 	13.1	A waiver of any term, provision or condition of, or consent granted under this Agreement shall be effective only if given in writing and signed by the waiving or consenting Party and then only in the instance and for the purpose for which it is given.
	 
	 	 	 	 	 
	 	 	13.2	No failure or delay on the part of any Party in exercising any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right of the Parties.
	 
	 	 	 	 	 
	 	 	13.3	No breach of any provision of this Agreement shall be waived or discharged except with the express written consent of the Parties.
	 
	 	 	 	 	 
	 	 	13.4	The rights and remedies provided in this Agreement are cumulative with and not exclusive of any rights or remedies provided by law.
	 
	 	 	 	 	 
	 	14.	Notices	 
	 	 	 	 	 
	 	 	 	Any notice, demand or other communication given or made under or in connection with the matter contemplated by this Agreement shall be in writing and shall be personally delivered or sent by fax or prepaid first class post to the address (or air mail if posted to or from a place outside Hong Kong):
	 
	 	 	 	 	 
	 	 	 	Notice to Yes TV:	 	 
	 	 	 	Address:	11/F Sunning Plaza	 
	 	 	 	 	10 Hysan Avenue	 
	 	 	 	 	Causeway Bay	 
	 	 	 	 	Hong Kong	 
	 	 	 	Fax:	(852) 2289 0599	 
	 	 	 	Attention:	Mr. Thomas Kressner – CEO	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	Notice to NCM:	 	 
	 	 	 	Address:	400 Alton Road	 
	 	 	 	 	Penthouse 7	 
	 	 	 	 	Miami Beach,	 
	 	 	 	 	Florida, 33139	 
	 	 	 	Fax:	1 (856) 494 3492	 
	 	 	 	Attention:	Mr. Dennis Pelino	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	Notice to YOUTH:	 	 
	 	 	 	Address:	c/o Digicorp, Inc.	 
	 	 	 	 	4143 Glencoe Avenue	 
	 	 	 	 	Marina Del Rey,	 
	 	 	 	 	California, 90292	 
	 	 	 	Fax:	1 (310) 651 9629 	 
	 	 	 	Attention:	Jay Rifkin	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	and shall be deemed to have been duly given or made as follows:	 
	 	 	 	 	 
	 	 	 	(a)	if personally delivered, upon delivery at the address of the relevant Party;
	 
	 	 	 	 	 	 	 
	 	 	 	(b)	if sent by air mail or prepaid first class post, 4 Business Days after the date of posting; and
	 
	 	 	 	 	 	 	 
	 	 	 	(c)	if sent by fax, when dispatched;	 
	 	 	 	 	 	 	 
	 	 	 	provided that if, in accordance with the above provision, any such notice, demand or other communication would otherwise be deemed to be given or made after 5.00 p.m. such notice, demand or other communication shall be deemed to be given or made at 9.00 a.m. on the next Business Day.
	 
	 	 	 	 	 	 	 
	 	15.	Invalidity And Severability	 
	 	 	 	 	 	 	 
	 	 	15.1	If any provision of this Agreement is or becomes (whether or not pursuant to any judgment or otherwise) invalid, illegal or unenforceable in any respect under the law of any jurisdiction:
	 
	 	 	 	 	 	 	 
	 	 	 	(a)	the validity, legality and enforceability under the law of the jurisdiction of any other provision; and
	 
	 	 	 	 	 	 	 
	 	 	 	(b)	the validity, legality and enforceability under the law of any other jurisdiction of that or any other provision.	 
	 	 	 	 	 	 	 
	 	 	 	Shall not be affected or impaired in any way thereby.	 
	 	 	 	 	 	 	 
	 	 	15.2	If any provision of this Agreement shall be held to be void or declared illegal, invalid or unenforceable for any reason whatsoever, such provision shall be divisible from this Agreement and shall be deemed to be deleted from this Agreement and the validity of the remaining provisions shall not be affected.  In the event that any such deletion materially affects the interpretation of this Agreement, the Parties shall negotiate good faith with a view to agreeing a substitute provision which as closely as possible reflects the commercial intention of the Parties.
	 
	 	 	 	 	 
	 	16.	Entire Agreement And Variation	 
	 	 	 	 	 
	 	 	16.1	This Agreement embody and set forth the entire agreement and understanding of the Parties and supersedes all prior oral or written representations, agreements, understandings or arrangements relating to the subject matter thereof.  Save in the case of fraud or fraudulent concealment, neither Party shall be liable to the other for any representation, agreement, understanding or arrangement which is not expressly set forth in this Agreement.
	 
	 	 	 	 	 
	 	 	16.2	This Agreement may be varied only by a document signed by all Parties.
	 
	 	 	 	 	 
	 	17.	Assignment and Sub-Licensing	 
	 	 	 	 	 
	 	 	17.1	Neither this Agreement nor any rights or interests in relation to it may be assigned by and Party without the prior written consent of the other Parties, save that LICENSEES may, with the written consent of Yes TV, assign any of its rights or interests hereunder to any of its subsidiary companies, it’s parent company or any subsidiary company of such parent company or any contractual agreement of LICENSEES’s with a specific internet distribution platform.
	 
	 	 	 	 	 
	 	18.	Governing Law and Jurisdiction	 
	 	 	 	 	 
	 	 	 	The Agreement (and any dispute, controversy, proceedings or claim of whatever nature arising out of or in any way relating to or its formation) shall be governed by and construed in accordance with Hong Kong law and for these purposes, the parties irrevocably submit to the exclusive jurisdiction of the courts of Hong Kong.
	 
	 	 	 	 	 
	 	IN WITTNESS whereof this agreement has been executed by the duly authorized representatives of the parties on the date first above written.
	 

	 	Signed by	)	 	 
	 	Mr. Thomas Kressner	)	/s/ Thomas Kressner 	 
	 	For and on behalf of	)	 	 
	 	Yes TV	)	 	 
	 	in the presence of	)	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	Signed by	)	 	 
	 	Mr. Dennis Pelino	)	/s/ Dennis Pelino 	 
	 	For and on behalf of	)	 	 
	 	NCM	)	 	 
	 	in the presence of 	)	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	Signed by	)	 	 
	 	Mr. Jay Rifkin	)	/s/ Jay Rifkin 	 
	 	For and on behalf of	)	 	 
	 	YOUTH 	)	 	 
	 	in the presence of 	)	 	 

 
 
 

	 	Schedule 1
	 
	 	 	 	 	 	 
	 	Included Content
	 
	 	 	 	 	 	 
	 	1.	Sports Content	 
	 	 	 	 	 	 
	 	 	1.1	Yes TV shall supply LICENSEES with Services on terms agreed by the parties.  The list will be revised and updated from time to time by Yes TV.
	 
	 	 	 	 	 	 
	 	 	1.2	The fees payable by LICENSEES to Yes TV for the provision of the selected content shall include:
	 
	 	 	 	 	 	 
	 	 	 	a.	A (50%/50%) sharing of NET Revenue on all advertising and sponsorship revenue generated from the LICENSEES platform in relation to the Included Content, or a license fee calculated on time basis by reference to the length of the content, to be agreed between the Parties; and
	 
	 	 	 	 	 	 
	 	2.	Other Content	 
	 	 	 	 	 	 
	 	 	2.1	Where available, Yes TV shall give LICENSEES the first right of refusal for all other content subject to terms to be agreed between the parties.
	 
	 	 	 	 	 	 
	 	 	 	 	 	 

	 	Schedule 2
	 
	 	 	 	 	 	 
	 	Placement of Order Form
	 
	 	 	 	 	 	 
	 	[On LICENSEES letterhead]
	 
	 	 	 	 	 	 
	 	Placement of Order Form
	 
	 	 	 	 	 	 
	 	 	 	P.O. Number: [insert #]
	 
	 	 	 	 	 	 
	 	Date: [date]	 	 	 
	 	 	 	 	 	 
	 	To: Yes Television (Hong Kong) Limited	 	 
	 	11/F Sunning Plaza	 	 
	 	10 Hysan Avenue	 	 
	 	Causeway Bay, Hong Kong	 	 
	 	Attn: Mr. Thomas Kressner	 	 
	 	 	 	 	 	 
	 	Dear Sir, 	 
	 	 	 
	 	Pursuant to Clause 3 of the Supply Agreement for Content (the "Agreement") dated [date] by and between Yes Television (Hong Kong) Limited and New China Media Limited, we, New China Media Lmited, are placing order for the Included Content (s) at the Fee(s) as set out under Section (A) hereof:
	 
	 	 	 	 	 	 
	 	(A)	Included Content(s) and Fee(s):	 

	Included
Content(s)
	Revenue
Share
	License
Fee(s)/US$
	Technical
Fee(s)/US$
	Term and Commencement Date

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 	(B)	Delivery of the Included Content(s): Via Satellite	 
	 	 	 	 	 	 

	Order placed by:

  For and on behalf of

  New China Media Limited
  

	Order received by:

		For and on behalf of

		Yes Television (Hong Kong) Ltd.

	Name: 

  Title:
	Name: 

  Title:

	Date:
	Date:Digicorp, Inc. - Exhibit 10.2

	 	 	 	 	 	 	 
	 	CONTENT LICENSE AGREEMENT
	 
	 	 	 	 	 	 	 
	 	          THIS AGREEMENT is made as of  this 2nd day of June, 2008 by and among Digicorp, Inc., a corporation organized  under the laws of the State of Delaware, United States of America with offices at 4143 Glencoe Avenue, Unit B,  Marina Del Rey, California 90291, U.S.A.  ("COMPANY") and New China Media LLC, a Florida limited liability company  (a/k/a New China Media Limited) with offices at 400 Alton Road, Penthouse 7,  Miami Beach, Florida 33139 ("NCM");  YGP, LLC, a Florida limited liability company with offices at 4000 Hollywood  Blvd, Suite 485 South, Hollywood, Florida, 33021 ("YGP") and TWK Holdings, LLC with offices at Room 4301, 43/F, Jardine House , One Connaught Place, Central, Hong Kong ("TWK") (NCM, YGP and TWK shall be individually and collectively referred to as "CONTENT PROVIDER") (COMPANY and CONTENT PROVIDER are hereinafter sometimes collectively referred to as the "Parties"). 
	 
	 	 	 	 	 	 	 
	 	W I T N E S S E T H: 
	 
	 	 	 	 	 	 	 
	 	          WHEREAS, COMPANY intends to build  and maintain web sites based in the People’s Republic of China which will  include content provided to COMPANY by third parties for the purpose of  providing information to users of the web site, and providing access to the  products and/or services of such third parties; 
	 
	 	 	 	 	 	 	 
	 	          WHEREAS, CONTENT PROVIDER has  acquired from one or more third parties (individually a "Licensor" and collectively the "Licensors") the right to distribute by  means of the internet certain content described more fully in the attached  Exhibit A (the "Current Content") and intends to acquire from Licensors  in the future the right to distribute by means of the internet additional  content (the "Future Content") (the Current Content and the Future  Content are hereinafter sometimes collectively referred to as the  "Content"); and,
	 
	 	 	 	 	 	 	 
	 	          WHEREAS, COMPANY and CONTENT  PROVIDER wish to distribute the Content through the web sites referred to above. 
	 
	 	 	 	 	 	 	 
	 	          NOW, THEREFORE, in consideration of  the promises and the mutual covenants of this Agreement, the parties hereto  agree as follows:
	 
	 	 	 	 	 	 	 

	 	1.	LICENSE	 
	 	 	 	 	 
	 	 	A.	Subject to the terms and conditions of  this Agreement, CONTENT PROVIDER hereby grants and assigns by means of present  assignment to COMPANY and COMPANY hereby assumes for the Term of this Agreement  (as set forth in paragraph 8, below), CONTENT PROVIDER’S rights and obligations  regarding the Content from Licensors as set forth in Exhibit A with respect to  the right and license for the territory of the People Republic of  China to use, reproduce, distribute, transmit and publicly display the Current  Content and the Future Content by means of the internet in accordance with  Exhibit A and this Agreement.  In this regard, it is specifically understood  and agreed that CONTENT PROVIDER will not during the Term of this Agreement take  any action to exploit or otherwise use, reproduce, distribute, transmit and  publicly display any of the Content via the internet to Universities and College  students in the People’s Republic of China except for the benefit of the  COMPANY.
	 
	 	 	 	 	 	 	 
	 	 	B.	CONTENT PROVIDER further grants to  COMPANY (i) the right to sublicense the Content to COMPANY’S wholly-owned  subsidiaries or to joint ventures in which COMPANY participates for the sole  purpose of using, reproducing, distributing, transmitting and publicly  displaying the Content in accordance with this Agreement; and, (ii) the right,  in COMPANY’S discretion, to use and exploit the Content at one or more other web  sites in addition to or in lieu of the web sites referred to in the recital  above (the web sites referred to above and any other web sites in addition to or  in lieu thereof where COMPANY, its subsidiaries or joint ventures in which it  might participate might use or exploit the Content are hereinafter collectively  referred to as the "Web site").
	 
	 	 	 	 	 	 	 
	 	2.	CONSIDERATION	 
	 	 	 	 	 	 	 
	 	 	A.	 In consideration for the license of  rights granted hereunder in the Current Content, COMPANY hereby agrees to issue to YGP 16,200 shares of its Series A Convertible Preferred Stock for which YGP will pay COMPANY the sum of $1.00 per share or $16,200 in the  aggregate; NCM 3,000 of its Series A Convertible Preferred Stock for which NCM will pay COMPANY the sum of $1.00 per share or $3,000 in the aggregate and TWK 12,000 of its Series A Convertible  Preferred Stock for which TWK will pay COMPANY the sum of $1.00 per share or  $12,000 in the aggregate.  Prior to the  execution hereof, CONTENT PROVIDER has been furnished with a copy of the  Certificate of Designation for the Series A Convertible Preferred Stock and is fully familiar with the terms and conditions thereof.
	 
	 	 	 	 	 	 	 
	 	 	B.	In  addition to the foregoing, and subject to the terms and conditions of the  applicable content agreement with such Licensor, COMPANY agrees to pay directly  to each Licensor from whom CONTENT PROVIDER might obtain Content which CONTENT  PROVIDER licenses to COMPANY pursuant hereto a royalty equal to that royalty  which CONTENT PROVIDER might be obligated to pay to that Licensor with respect  to the use and exploitation of that Content in the manner licensed to and  actually used by COMPANY pursuant hereto provided, however, unless the Parties  might agree in writing to the contrary, in no event will COMPANY be obligated to  pay such Licensor for the use of such Content more than fifty percent (50.0%) of  all revenues generated during the Term of this Agreement from banner advertising  that appears on Web site pages that display that Content or any portion thereof  and with respect to which at least a majority of the content (excluding  advertisements) on such pages is composed of the Content (the "Net Advertising Revenue").
	 
	 	 	 	 	 	 	 
	 	 	C.	Subject to the terms and conditions of  the applicable content agreement with such Licensor, the Net Advertising Revenue  shall be calculated on a quarterly calendar basis (the "Net Advertising Revenue Period") and  shall be payable no later than sixty (60) days after the termination of the  preceding full quarter-annual period, i.e., commencing on the first (1st) day of  January, April, July and October except that the first and last calendar periods  may be "short," depending on the effective date of this Agreement.
	 
	 	 	 	 	 	 	 
	 	 	D.	For each Net Advertising Revenue Period,  COMPANY shall provide the Licensor of such Content with a written statement of  account setting out the actual number of visits to the Web Site during the  applicable Net Advertising Revenue Period. Such statement shall be furnished to  the Licensor of such Content regardless of whether any visits to the Web site  were made during the applicable period.
	 
	 	 	 	 	 	 	 
	 	 	E.	COMPANY’S obligation for the payment of  the Net Advertising Revenue shall survive expiration or termination of this  Agreement and will continue for as long as COMPANY continues to use the Content.
	 
	 	 	 	 	 	 	 
	 	 	F.	For the avoidance of doubt or confusion,  the sole consideration paid or payable to CONTENT PROVIDER pursuant to this  Agreement is that provided for in paragraph 2A hereof and in no event will  CONTENT PROVIDER be entitled to receive any participation in any of the revenues  which COMPANY might derive from the Content.
	 
	 	 	 	 	 	 	 
	 	3.	CONTENT PROVIDER’S RESPONSIBILITIES	 
	 	 	 	 	 	 	 
	 	 	A.	CONTENT PROVIDER will provide to COMPANY  the Content, which will comply with the description attached hereto as Exhibit A.
	 
	 	 	 	 	 	 	 
	 	 	B.	CONTENT PROVIDER will have sole  responsibility for providing, at its expense, the Content to COMPANY. CONTENT  PROVIDER and COMPANY will determine mutually agreeable methods for the  transmission and incorporation of updates to the Content.
	 
	 	 	 	 	 	 	 
	 	4.	RIGHTS OF COMPANY	 
	 	 	 	 	 	 	 
	 	 	A.	Subject to the terms and conditions of  the applicable content agreement with such Licensor, COMPANY may incorporate the Content into certain pages in the Web Site (the "Content Pages") and reasonable excerpts or portions of the Content may be incorporated into the Web site at COMPANY’S  discretion.
	 
	 	 	 	 	 	 	 
	 	 	B.	COMPANY shall have sole control over the  content, composition, and "look and feel" of the Web site, and will have sole  responsibility for providing, hosting and maintaining, at its own expense, the  Web site.
	 
	 	 	 	 	 	 	 
	 	5.	RIGHTS OF CONTENT PROVIDER	 
	 	 	 	 	 	 	 
	 	 	A.	Subject to the terms and conditions of  the applicable content agreement with such Licensor, CONTENT PROVIDER will have  sole control and responsibility over the data and information contained in the  Content.
	 
	 	 	 	 	 	 	 
	 	 	B.	CONTENT PROVIDER will not alter the  Content without COMPANY’S prior written consent; provided, however, that,  subject to the terms and conditions of the applicable content agreement with  such Licensor,CONTENT PROVIDER may promptly and without prior consent of COMPANY  make any changes in the Content to correct errors and the like, or to remove any  defamatory materials or any other materials that CONTENT PROVIDER can  demonstrate are offensive to a reasonable number of users of the Web site.
	 
	 	 	 	 	 	 	 
	 	6.	RECORD INSPECTION, AUDIT AND INCONTESTABILITY PERIOD	 
	 	 	 	 	 	 	 
	 	 	A.	COMPANY will maintain accurate books and  records with respect to the calculation of all payments due under this  Agreement. The Licensors shall have the right, upon reasonable notice, to  inspect COMPANY’S books and records and all other documents and material in  COMPANY’S possession or control with respect to the Content each has or might  license to CONTENT PROVIDER which becomes the subject matter of this Agreement  (and only with respect to Content each has or might license to CONTENT PROVIDER  which become the subject matter hereof).
	 
	 	 	 	 	 	 	 
	 	 	B.	All books and records relative to  COMPANY’S obligations to a particular Licensor hereunder shall be maintained and  made accessible to that Licensor for inspection at a location in Los Angeles,  California for at least twelve (12) months after termination of this Agreement.
	 
	 	 	 	 	 	 	 
	 	 	C.	Each report rendered by COMPANY to a  Licensor hereunder shall become final and incontestable twelve (12) months  following the date COMPANY might render same to that Licensor unless prior to  the expiration of that twelve (12) month period that Licensor provides COMPANY  with a detailed written objection thereto.
	 
	 	 	 	 	 	 	 
	 	7.	OWNERSHIP	 
	 	 	 	 	 	 	 
	 	 	A.	CONTENT PROVIDER, LICENSORS or either of  them, as appropriate, shall retain all worldwide rights, title and interest in  and to the Content (including, but not limited to, ownership of all copyrights  and other intellectual property rights therein), as well as all right, title and  interest in and to their and each of their trademarks, service marks and trade  names, worldwide, including any goodwill associated therewith, subject to the  limited license granted to COMPANY hereunder.
	 
	 	 	 	 	 	 	 
	 	 	B.	COMPANY will retain all worldwide rights,  title, and interest in and to the Web Site (including, but not limited to,  ownership of all copyrights, trademarks, look and feel and other intellectual  property rights therein), as well as all right, title and interest in and to its  trademarks, service marks and trade names worldwide, including any goodwill  associated therewith, subject to the limited license granted to CONTENT PROVIDER  hereunder. Any use of any such trademarks by CONTENT PROVIDER shall inure to the  benefit of COMPANY and CONTENT PROVIDER shall take no action that is  inconsistent with COMPANY’S ownership thereof.
	 
	 	 	 	 	 	 	 
	 	 	C.	Each party hereby grants to the other a  non-exclusive, limited royalty-free license to use its trademarks, service marks  or trade names only as specifically described in this Agreement. All such use  shall be in accordance with each party’s reasonable policies regarding  advertising and trademark usage as established from time to time.
	 
	 	 	 	 	 	 	 
	 	8.	TERM	 
	 	 	 	 	 	 	 
	 	 	A.	This Agreement and the provisions  hereof, except as otherwise provided, shall be in full force and effect  commencing on the date of execution by both Parties and shall extend for an  initial term of two (2) years. This Agreement shall be automatically renewed for  additional extended terms each of two (2) years duration unless either party  notifies the other in writing of its intention not to renew the Agreement, such  notification to be provided at least ninety (90) days prior to the expiration of  the then in-effect term. The initial two (2) year term as it might be extended  herein is referred to herein as the "Term."
	 
	 	 	 	 	 	 	 
	 	 	B.	Notwithstanding anything in the  foregoing paragraph to the contrary, with respect to each item of Current  Content or Future Content the Term during which COMPANY may use and exploit same shall commence on the date hereof and continue for that period of time which is the longer of: (i) two (2) years following the date on which CONTENT PROVIDER might make full delivery of such Content to COMPANY; and (ii) the duration of the term of the license concerning that Content between CONTENT PROVIDER and its Licensor thereof.
	 
	 	 	 	 	 	 	 
	 	9.	TERMINATION	 
	 	 	 	 	 	 	 
	 	 	A.	This Agreement may be terminated by  either party upon thirty (30) days written notice to the other in the event of a  breach of a material provision hereof unless, during that thirty (30) day  period, the party receiving the notice cures the breach.
	 
	 	 	 	 	 	 	 
	 	 	B.	COMPANY may, in its unfettered  discretion, terminate this Agreement at any time after first giving CONTENT  PROVIDER ten (10) days advance notice thereof.
	 
	 	 	 	 	 	 	 
	 	10.	EFFECT OF TERMINATION	 
	 	 	 	 	 	 	 
	 	 	A.	The termination or expiration of this  Agreement will in no way affect COMPANY’S obligation to render reports or pay  sums shown as owing thereon for periods of time prior to the termination or  expiration of this Agreement;.
	 
	 	 	 	 	 	 	 
	 	 	B.	The warranties, representations and  indemnity obligations of this Agreement will survive termination or expiration  of this Agreement.
	 
	 	 	 	 	 	 	 
	 	11.	CONFIDENTIALITY	 
	 	 	 	 	 	 	 
	 	 	A.	"Confidential Information" shall mean  any confidential technical data, trade secret, know-how or other confidential  information disclosed by any party hereunder in writing, orally, by drawing or  otherwise.
	 
	 	 	 	 	 	 	 
	 	 	B.	Notwithstanding the foregoing,  Confidential Information shall not include information which: (i) is known to  the receiving party at the time of disclosure or becomes known to the receiving  party without breach of this Agreement; (ii) is or becomes publicly known  through no wrongful act of the receiving party or any subsidiary of the  receiving party; (iii) is rightfully received from a third party without  restriction on disclosure; (iv) is independently developed by the receiving  party or any of its subsidiaries; (v) is furnished to any third party by the  disclosing party without restriction on its disclosure; (vi) is approved for  release upon a prior written consent of the disclosing party; or, (vii) is  disclosed pursuant to judicial order, requirement of a governmental agency or by  operation of law.
	 
	 	 	 	 	 	 	 
	 	 	C.	The receiving party agrees that it will  not disclose any Confidential Information to any third party and will not use  Confidential Information of the disclosing party for any purpose other than for  the performance of the rights and obligations hereunder during the term of this  Agreement and for a period of three (3) years thereafter, without the prior  written consent of the disclosing party. The receiving party further agrees that  Confidential Information shall remain the sole property of the disclosing party  and that it will take all reasonable precautions to prevent any unauthorized  disclosure of Confidential Information by its employees. No license shall be  granted by the disclosing party to the receiving party with respect to  Confidential Information disclosed hereunder unless otherwise expressly provided  herein.
	 
	 	 	 	 	 	 	 
	 	 	D.	Upon the request of the disclosing party,  the receiving party will promptly return all Confidential Information furnished  hereunder and all copies thereof.
	 
	 	 	 	 	 	 	 
	 	 	E.	The Parties agree that all publicity and  public announcements concerning the formation and existence of this Agreement  shall be jointly planned and coordinated by and among the Parties. Neither party  shall disclose any of the specific terms of this Agreement to any third party  without the prior written consent of the other party, which consent shall not be  withheld unreasonably. Notwithstanding the foregoing, any party may disclose  information concerning this Agreement as required by the rules, orders,  regulations, subpoenas or directives of a court, government or governmental  agency, after giving prior notice to the other party.
	 
	 	 	 	 	 	 	 
	 	 	F.	If a party breaches any of its  obligations with respect to confidentiality and unauthorized use of Confidential  Information hereunder, the non-breaching party shall be entitled to equitable  relief to protect its interest therein, including but not limited to injunctive  relief, as well as money damages notwithstanding anything to the contrary  contained herein.
	 
	 	 	 	 	 	 	 
	 	 	G.	Except as otherwise set forth in this  Agreement, neither party will make any public statement, press release or other  announcement relating to the terms of or existence of this Agreement without the  prior written approval of the other, which approval shall not be unreasonably  withheld.
	 
	 	 	 	 	 	 	 
	 	12.	WARRANTIES AND REPRESENTATIONS	 
	 	 	 	 	 	 	 
	 	 	A.	CONTENT PROVIDER warrants and represents  that	 
	 	 	 	 	 	 	 
	 	 	 	(i)	CONTENT PROVIDER has the full right,  power, legal capacity and authority to enter into this Agreement, to carry out the terms and conditions hereof and to grant to COMPANY the rights, licenses and privileges herein granted to COMPANY.  Except as otherwise provided herein, CONTENT PROVIDER does not need the consent or release of any other person, firm or entity in order for CONTENT PROVIDER to enter into this Agreement and to grant to COMPANY the rights granted  pursuant to this Agreement.
	 
	 	 	 	 	 	 	 
	 	 	 	(ii)	With respect to the Content and each  item thereof, the execution, delivery and performance of this Agreement by  CONTENT PROVIDER shall not violate or contravene any certificate of  incorporation or by-laws of CONTENT PROVIDER or any agreement or other  instrument to which CONTENT PROVIDER is a party.  This Agreement has been duly authorized,  executed and delivered by CONTENT PROVIDER.
	 
	 	 	 	 	 	 	 
	 	 	 	(iii)	With respect to the  Content and each item thereof, neither the Content nor anything contained  therein (including, but not limited to, the title thereof and any music and  sound synchronized therewith), nor any use or distribution or exploitation of  the Content, nor any exercise by COMPANY of any or all of the rights granted to  COMPANY pursuant to this Agreement, nor any materials delivered hereunder shall  at any time during the Term as it might be extended, violate or infringe upon  any right or interest of any person or entity, including, but not limited to,  any copyright, literary right, dramatic right, privacy right, musical right,  publicity right, artistic right, personal right, property right, civil right,  trademark right, trade name, service mark or any other right or interest of any  person or entity.
	 
	 	 	 	 	 	 	 
	 	 	 	(iv)	With respect to the  Content and each item thereof, during the Term as it might be extended, there  shall not be any actual or threatened liens, claims, encumbrances, legal  proceedings, restrictions, agreements or understandings which will conflict or  interfere with, limit, derogate from, or be inconsistent with, or otherwise  affect any of the provisions of this Agreement, any of the representations and  warranties of CONTENT PROVIDER contained herein or the enjoyment by COMPANY of  any or all of the rights granted to COMPANY hereunder.
	 
	 	 	 	 	 	 	 
	 	 	 	(v)	With respect to the  Content and each item thereof, CONTENT PROVIDER owns and controls and shall for  the full Term as it might be extended own and control, any and all rights  necessary to enable CONTENT PROVIDER to grant to COMPANY the rights granted  pursuant to this Agreement and to enable COMPANY to exercise and enjoy the  rights granted to COMPANY pursuant to this Agreement (without COMPANY incurring  any obligation or liability to any person or entity) including, but not limited  to, all performance rights and advertising rights and all other rights granted  to COMPANY hereunder in and to all literary, dramatic, musical and other  material contained in the Content and each item thereof.  With respect to the Content and each item  thereof, CONTENT PROVIDER has secured and obtained, and CONTENT PROVIDER shall  maintain throughout the Term as it might be extended all rights as may be  required for the full and unlimited exercise and enjoyment by COMPANY of each  and all of the rights herein granted to COMPANY.
	 
	 	 	 	 	 	 	 
	 	 	 	(vi)	All obligations and  amounts payable with respect to the Content and each item thereof or with  respect to the production, distribution and exploitation thereof, including, but  not limited to, all salaries, royalties, license fees, laboratory charges, union  obligations and the like, have been and shall be fully paid and satisfied by  CONTENT PROVIDER or third parties.  COMPANY shall have no obligation for past, current or future salaries,  royalties, laboratory charges, or similar payments with respect to the Content  and each item thereof.
	 
	 	 	 	 	 	 	 
	 	 	 	(vii)	The Content and each  item thereof are not in the public domain and are validly copyrighted in the  territories in which CONTENT PROVIDER has licensed COMPANY rights in the  Content.  The Content and each item  thereof will not fall into the public domain anywhere in the territories in  which CONTENT PROVIDER has licensed COMPANY rights in the Content prior to the  expiration of the Term as it might be extended.  Each Program, as delivered, will contain all proper copyright notices  required or permitted under any applicable statute, act or  treaty.
	 
	 	 	 	 	 	 	 
	 	 	 	(viii)	Each CONTENT PROVIDER understands that the  Preferred Shares being acquired by each CONTENT PROVIDER hereunder and any  underlying securities (collectively referred to herein as the "Securities"),  have not been registered under the Securities Act of 1933, as amended (the  "Act"), and are being issued under an exemption from registration provided by  Section 4(2) of the Act.  The Securities  are being acquired by each CONTENT PROVIDER solely for its own account, for  investment purposes only, and have not been acquired with a view to, or in  connection with, any resale, distribution, subdivision or fractionalization  thereof.  Each CONTENT PROVIDER has no  agreement or other arrangement, formal or informal, with any person to sell,  transfer or pledge any part of the Securities.  Each CONTENT PROVIDER understands that CONTENT PROVIDER must bear the  economic risk of the investment for an indefinite period of time because the  Securities cannot be resold or otherwise transferred unless they are  subsequently registered under the Act or an exemption from such registration is  available.
	 
	 	 	 	 	 	 	 
	 	 	 	(ix)	CONTENT PROVIDER’S warranties, representations and agreements are of the  essence of this Agreement and shall survive for the full Term as it might be  extended.  None of CONTENT PROVIDER’S  representations, warranties or agreements shall in any way be limited by reason  of any investigation made by COMPANY of any documents, agreements or other  materials submitted to COMPANY by CONTENT PROVIDER  hereunder.
	 
	 	 	 	 	 	 	 
	 	13.	INDEMNIFICATION	 
	 	 	 	 	 	 	 
	 	 	A.	CONTENT PROVIDER shall, at its sole cost  and expense, indemnify, save and hold harmless COMPANY and its successors,  subdistributors, sublicensees, assigns, agents, representatives and affiliates  from and against any and all claims, demands, causes of action, liability, loss,  damage, cost and expense (including reasonable attorney’s fees and court costs)  incurred or sustained by reason of or arising out of any breach or alleged  breach of any of the warranties, representations or agreements herein made by  CONTENT PROVIDER, or by reason of any action, claim or proceeding related to or  arising out of such breach or alleged breach by CONTENT PROVIDER.  In the event that any person or entity shall  make any claim or institute any suit or proceeding, COMPANY shall notify CONTENT  PROVIDER in writing, and CONTENT PROVIDER must assume, at it own cost and  expense, the defense thereof; provided, however, that COMPANY’S failure to  provide such notice shall not affect this indemnity unless CONTENT PROVIDER has  been materially prejudiced by such failure.  COMPANY may, at its sole discretion, engage its own counsel in connection  with any such suit, claim or proceeding, and the cost thereof (including  reasonable fees and expenses) shall be borne by CONTENT PROVIDER provided that  CONTENT PROVIDER shall in any event fulfill its obligation to undertake  COMPANY’S defense.  The final control and  disposition of any claim, whether by settlement, compromise or otherwise, shall  remain with COMPANY pursuant to the terms of this indemnification  paragraph.  In the event that CONTENT  PROVIDER fails to promptly make any required payment to COMPANY, COMPANY shall  have the right to withhold for its own account any royalties or other monies  payable to CONTENT PROVIDER by COMPANY pursuant to this Agreement or any other  agreement between CONTENT PROVIDER and COMPANY.
	 
	 	 	 	 	 	 	 
	 	 	B.	COMPANY shall, at its sole cost and  expense, indemnify, save and hold harmless CONTENT PROVIDER and its successors,  subdistributors, sublicensees, assigns, agents, representatives and affiliates  from and against any and all claims, demands, causes of action, liability, loss,  damage, cost and expense (including reasonable attorney’s fees and court costs)  incurred or sustained by reason of or arising out of any breach or alleged  breach of any of the warranties, representations or agreements herein made by  COMPANY, or by reason of any action, claim or proceeding related to or arising  out of such breach or alleged breach by COMPANY.  In the event that any person or entity shall  make any claim or institute any suit or proceeding, CONTENT PROVIDER shall  notify COMPANY in writing, and COMPANY must assume, at it own cost and expense,  the defense thereof; provided, however, that CONTENT PROVIDER’S failure to  provide such notice shall not affect this indemnity unless COMPANY has been  materially prejudiced by such failure.   CONTENT PROVIDER may, at its sole discretion, engage its own counsel in  connection with any such suit, claim or proceeding, and the cost thereof  (including reasonable fees and expenses) shall be borne by COMPANY provided that  COMANY shall in any event fulfill its obligation to undertake CONTENT PROVIDER’S  defense.  The final control and  disposition of any claim, whether by settlement, compromise or otherwise, shall  remain with CONTENT PROVIDER pursuant to the terms of this indemnification  paragraph.  In the event that COMPANY  fails to promptly make any required payment to CONTENT PROVIDER, CONTENT  PROVIDER shall have the right to withhold for its own account any royalties or  other monies payable to COMPANY by CONTENT PROVIDER pursuant to this Agreement  or any other agreement between COMPANY and CONTENT PROVIDER.
	 
	 	 	 	 	 	 	 
	 	 	C.	IN NO EVENT WILL CONTENT PROVIDER BE  LIABLE TO COMPANY NOR WILL COMPANY BE LIABLE TO CONTENT PROVIDER FOR ANY  SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, WHETHER BASED ON BREACH OF  CONTRACT, TORT (INCLUDING NEGLIGENCE) OR OTHERWISE, WHETHER OR NOT THAT PARTY  HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.  THE LIABILITY OF CONTENT PROVIDER FOR DAMAGES  HEREUNDER, WHETHER IN CONTRACT, TORT OR ANY OTHER LEGAL THEORY, IS LIMITED TO,  AND SHALL NOT EXCEED $31,200.00.
	 
	 	 	 	 	 	 	 
	 	14.	NOTICE AND PAYMENT	 
	 	 	 	 	 	 	 
	 	 	All notices, requests and other communications hereunder  shall be in writing and shall be delivered by courier or other means of personal  service (including by means of a nationally recognized courier service or  professional messenger service), or sent by telex or telecopy or mailed first  class, postage prepaid, by certified mail, return receipt requested, in all  cases, addressed as indicated in the introductory recital of this  Agreement.  All notices, requests and other communications shall be  deemed given on the date of actual receipt or delivery as evidenced by written  receipt, acknowledgment or other evidence of actual receipt or delivery to the  address specified above. In case of service by telecopy, a copy of such notice  shall be personally delivered or sent by registered or certified mail, in the  manner set forth above, within three (3) business days thereafter. Any party  hereto may from time to time by notice in writing served as set forth above  designate a different address or a different or additional Person to which all  such notices or communications thereafter are to be  given.
	 
	 	 	 	 	 	 	 
	 	15.	GOVERNING LAW AND VENUE	 
	 	 	 	 	 	 	 
	 	 	This Agreement is to be governed by and construed in  accordance with the Laws of the State of California applicable to contracts made and to  be performed wholly within such State, and without regard to the conflicts of  laws principles thereof.  Any suit  brought hereon, whether in contract, tort, equity or otherwise, shall be brought  in the state or federal courts sitting in Los Angeles County, California, the parties hereto hereby waiving  any claim or defense that such forum is not convenient or proper. Each party  hereby agrees that any such court shall have in personam jurisdiction over it,  consents to service of process in any manner prescribed or authorized by  California Law, and agrees that a final judgment in any such action or  proceeding shall be conclusive and may be enforced in other jurisdictions by  suit on the judgment or in any other manner specified by  Law.
	 
	 	 	 	 	 	 	 
	 	16.	ARBITRATION	 
	 	 	 	 	 	 	 
	 	 	Any controversy or claim arising out of or relating to  this Agreement, or any agreements or instruments relating hereto or delivered in  connection herewith or the breach, termination, enforcement, interpretation or  validity thereof, including the determination of the scope or applicablility of  this agreement to arbitrate, will at the request of any party be determined by  arbitration in Los Angeles, California before three (3) arbitrators under the  rules of the JAMS.  Judgment upon the  award rendered by the arbitrators may be entered in any court having  jurisdiction.  The institution and  maintenance of an action for judicial relief in pursuit of a provisional or  ancillary remedy shall not constitute a waiver of the right of any party,  including the plaintiff, to submit the controversy or claim to  arbitration.
	 
	 	 	 	 	 	 	 
	 	17.	ATTORNEYS’ FEES	 
	 	 	 	 	 	 	 
	 	 	In any suit, action, arbitration or other proceeding to  interpret or enforce this Agreement, the prevailing party therein shall, in  addition to any other award of damage or other remedy, be entitled to recover  its reasonable attorneys’ fees and costs.
	 
	 	 	 	 	 	 	 
	 	18.	AGREEMENT BINDING ON SUCCESSORS	 
	 	 	 	 	 	 	 
	 	 	The provisions of this Agreement  shall be binding upon and shall inure to the benefit of the Parties hereto,  their heirs, administrators, successors and assigns.
	 
	 	 	 	 	 	 	 
	 	19.	WAIVER	 
	 	 	 	 	 	 	 
	 	 	No waiver by either party of any  default shall be deemed as a waiver of prior or subsequent default of the same  of other provisions of this Agreement.
	 
	 	 	 	 	 	 	 
	 	20.	SEVERABILITY	 
	 	 	 	 	 	 	 
	 	 	If any term, clause or provision  hereof is held invalid or unenforceable by a court of competent jurisdiction,  such invalidity shall not affect the validity or operation of any other term,  clause o provision and such invalid term, clause or provision shall be deemed  severed from this Agreement.
	 
	 	 	 	 	 	 	 
	 	21.	FURTHER ACTION	 
	 	 	 	 	 	 	 
	 	 	Each  of COMPANY and CONTENT PROVIDER agrees to execute and deliver such other  documents or agreements and take such other action as may be reasonably  necessary or desirable for the implementation of this Agreement and the  consummation of the transactions contemplated hereby.
	 
	 	 	 	 	 	 	 
	 	22.	INTEGRATION	 
	 	 	 	 	 	 	 
	 	 	This Agreement constitutes the  entire understanding of the Parties, and revokes and supersedes all prior  agreements between the Parties and is intended as a final expression of their  Agreement. It shall not be modified or amended except in writing signed by the  Parties hereto and specifically referring to this Agreement. This Agreement  shall take precedence over any other documents which may conflict with this  Agreement.
	 
	 	 	 	 	 	 	 

	 	          IN WITNESS WHEREOF, the Parties hereto, intending to be legally bound  hereby, have each caused to be affixed hereto his or its hand the day indicated.
	 
	 	 	 	 	 	 	 

	 	"CONTENT PROVIDER"	 	"COMPANY"	 
	 	 	 	 	 
	 	New China Media, LLC	 	Digicorp, Inc.	 
	 	 	 	 	 
	 	By /s/ Dennis Pelino   	 	By /s/ Jay Rifkin   	 
	 	Name: Dennis Pelino	 	Name: Jay Rifkin	 
	 	Title: Chairman	 	Title: CEO	 
	 	 	 	 	 
	 	 	 	 	 
	 	"CONTENT  PROVIDER":	 	 	 
	 	 	 	 	 
	 	YGP, LLC	 	 	 
	 	 	 	 	 
	 	By /s/ Dennis Pelino   	 	 	 
	 	Name: Dennis Pelino	 	 	 
	 	Title: Managing Partner	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	"CONTENT  PROVIDER":	 	 	 
	 	 	 	 	 
	 	TWK Holdings,  LLC	 	 	 
	 	 	 	 	 
	 	By /s/ Beh Chong Wah   	 	 	 
	 	Name: Beh Chong Wah	 	 	 
	 	Title: Managing Member	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

	 	 	 	 	 
	 	 EXHIBIT A

   TO

   CONTENT LICENSE AGREEMENT

   BY AND AMONG

   DIGICORP, INC.

   AND

   NEW CHINA MEDIA, LLC; YGP, LLC and TWK HOLDINGS, LLC

  DATED June 2, 2008 
	 
	 	 	 	 	 
	 	DESCRIPTION OF CONTENT
	 
	 	 	 	 	 
	 	Supply Agreement for Content dated May 31, 2008 among  Yes Television (Hong Kong) Limited, New China Media Limited and Youth Media  "HKG" Limited, a copy of which is annexed hereto.
	 
	 	 	 	 	 
	 	Content derived from AVP, Inc. and other film content on  a non-exclusive basis

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]