Document:

Exhibit  10.1

                         CORPORATE CONSULTING AGREEMENT

     This  Agreement  ("Agreement")  dated  November  1,  2005 is by and between
NeWave,  Inc.,  a  Nevada  corporation  located at 404 E. 1st Street #1345, Long
Beach,  CA  (the  "Company")  and eFund Capital Partners LLC, a Delaware limited
liability  company  (the  "Consultant").

WHEREAS,  the  Company  is a progressive Internet-based direct marketing company
and provider of product fulfillment which brings value to consumers by designing
and  implementing  cutting-edge  membership programs that offer the services and
discounts  needed  to  stay  competitive  in  today's  online  marketplace.
     WHEREAS,  the Consultant is experienced in assisting publicly-traded growth
companies  in  all  facets  of  their  long-term  strategy,  by assisting in the
procurement  of  capital,  business  relationships  and  by offering progressive
business  solutions.
WHEREAS,  the  Company desires to obtain the benefits of Consultant's experience
and  know-how,  and accordingly, the Company has offered to engage Consultant to
render  consulting  and  advisory  services  to  the  Company  on  the terms and
conditions  hereinafter  set  forth.
WHEREAS,  Consultant  desires  to  accept  such  engagement  upon such terms and
conditions  hereinafter  set  forth.

     NOWTHEREFORE  in  consideration  of  the  foregoing,  the  parties agree as
follows:

Section  1.               SERVICES  RENDERED

     Consultant  shall  advise  the Company with respect to operations, business
strategy,  capital  structure  and  other  matters pertaining to the Business as
shall  be  specified  from  time  to time by the Company's CEO and/or such other
officer(s) as the Company's Board of Directors shall designate to have principal
responsibility  for  the  operation  of  the  Business.

     Consultant  shall  use  its  staff  and  other  facilities  to  monitor the
corporate  position  of  the Company and report to the Board of Directors of the
Company  from  time  to  time.  Consultant's  staff  also  shall  provide advice
concerning  economic  factors  and  trends that may be relevant to the Company's
plans  for  growth.

Section  2.               COMPENSATION

(a) CASH RETAINER. The Company shall pay to the Consultant a non-refundable cash
fee  of  five  thousand  dollars  ($5,000)  per  month. The first payment is due
immediately  upon  execution  of  the  Agreement  and  every  thirty  (30)  days
thereafter  while  the  Agreement  is  in  force.

(b)  OTHER  COMPENSATION.  The  Company  shall  issue  to  the  Consultant,  its
Convertible  Debentures  ("Debentures")  for  the  amount  of one hundred eighty
thousand  dollars  ($180,000) for a purchase price of one thousand eight hundred
dollars ($1800) ("Purchase Price"). The Debentures shall have a term of five (5)
years  and an interest coupon of five percent (5%) per annum. The Debentures are
convertible into shares of the Company's common stock ("Stock") at a price equal
to  the  lesser of; (i) seventy-five percent (75%) of the average of the closing
bid price of the Stock for the five days prior to conversion or (ii) the average
of the closing bid price of the Stock on the five days immediately preceding the
date  first  written  above.  The Debentures shall carry piggy-back registration
rights  and  the  shares  underlying  the  Debentures  shall  be included in the
Company's  next  registration  statement  filed any time after the date and year
first written above. The Company agrees to register an amount of shares equal to
three  hundred  sixty  thousand  dollars ($360,000) in value of the Stock at the
time  the  registration  statement  is  filed.  In  the  event the shares of the
underlying  the Debentures have not been registered within one (1) year from the
date  first  written  above,  the Stock shall be eligible for resale pursuant to
Rule  144  and  the  Company shall provide for the requisite opinion letter. The
Debentures are immediately due and payable to the Consultant upon receipt of the
Purchase  Price  payment.

(c)  REIMBURSEMENT OF EXPENSES. The Company shall reimburse Consultant for those
reasonable  and  necessary  out-of-pocket expenses (including but not limited to
travel,  transportation,  lodging,  meals  etc.)  which  have  been  incurred by
Consultant  in  connection  with  the  rendering  of  services  hereunder.  Any
reimbursement  to  be made by the Company pursuant to this Section shall be made
following submission to the Company by Consultant of reasonable documentation of
the  expenses  incurred.

Section  3.         RELATIONSHIP  OF  PARTIES

     This  Agreement  shall not constitute an employer-employee relationship. It
is  the  intention  of  each  party  that  Consultant  shall  be  an independent
contractor  and  not  an  employee  of  the  Company.  All  compensation paid to
Consultant  shall  constitute earnings to Consultant and be classified as normal
income.  The Company shall not withhold any amounts therefrom as U.S. federal or
state  income tax withholding, or as employee contribution to Social Security or
any  other  employer  withholding  applicable  under  state  or  federal  law.

Section  4.                    TERM

     The  term  of  this Agreement shall be twelve (12) months commencing on the
date  and  year  first  above  written.

Section  5.               TERMINATION

This Agreement may be terminated by either party with cause only, and only under
the  following  circumstances;  when  either  party  (i)  knowing  and willfully
breaches  any  term(s)  of this Agreement, or (ii) knowing and willfully commits
any  act(s) related to the normal conduct of business which are unlawful, or any
serious  criminal  action as promulgated pursuant to Texas state or U.S. federal
law.

Termination  of  the Agreement does not relieve the Company of its obligation to
remunerate Consultant pursuant to the terms of this Agreement. Upon termination,
any  outstanding remuneration due Consultant for services rendered shall be paid
within  3  (three)  business  days  following  termination.

Section  6.               INDEMNIFICATION

(a) In consideration of Consultant' execution and delivery of the this Agreement
in  addition to all of The Company's other obligations under this Agreement, The
Company shall defend, protect, indemnify and hold harmless Consultant and all of
its  officers,  directors, employees and direct or indirect investors and any of
the  foregoing  person's  agents  or  other  representatives (including, without
limitation,  those  retained in connection with the transactions contemplated by
this  Agreement)  (collectively,  the "CONSULTANT INDEMNITEES") from and against
any  and all actions, causes of action, suits, claims, losses, costs, penalties,
fees,  liabilities  and  damages,  and  expenses  in  connection  therewith
(irrespective  of whether any such Indemnitee is a party to the action for which
indemnification  hereunder  is sought), and including reasonable attorneys' fees
and  disbursements  (the  "CONSULTANT INDEMNIFIED LIABILITIES'), incurred by any
Indemnitee  as  a  result  of,  or  arising  out  of,  or  relating  to  (i) any
misrepresentation  or  breach  of  any  representation  or  warranty made by The
Company  in  this  Agreement  or  any  other certificate, instrument or document
contemplated  hereby  or  thereby  (ii) any breach of any covenant, agreement or
obligation  of The Company contained in this Agreement or any other certificate,
instrument  or  document  contemplated  hereby  or  thereby,  (iii) any cause of
action,  suit  or claim brought or made against such Indemnitee by a third party
and  arising  out  of  or resulting from the execution, delivery, performance or
enforcement  of  this Agreement or any other certificate, instrument or document
contemplated  hereby  or  thereby, except insofar as any such misrepresentation,
breach  or  any  untrue statement, alleged untrue statement, omission or alleged
omission  is  made  in  reliance upon and in conformity with written information
furnished  to  Consultant  by  The  Company.  To  the  extent that the foregoing
undertaking  by  The  Company  may  be unenforceable for any reason, The Company
shall  make  the maximum contribution to the payment and satisfaction of each of
the  Consultant  Indemnified  Liabilities  which is permissible under applicable
law. The indemnity provisions contained herein shall be in addition to any cause
of  action or similar rights Consultant may have, and any liabilities Consultant
may be subject to.

(b)  In  consideration  of  The  Company's  execution  and  delivery of the this
Agreement and in addition to all of the Consultant' other obligations under this
Agreement,  Consultant  shall  defend,  protect, indemnify and hold harmless The
Company  and  all  of  its  subsidiaries,  shareholders, officers, directors and
employees  and  any  of  the  foregoing person's agents or other representatives
(including,  without  limitation,  those  retained  in  connection  with  the
transactions  contemplated  by  this  Agreement) (collectively, the "THE COMPANY
INDEMNITEES")  from  and  against  any and all actions, causes of action, suits,
claims, losses, costs, penalties, fees, liabilities and damages, and expenses in
connection therewith (irrespective of whether any such The Company Indemnitee is
a  party  to  the  action  for  which  indemnification hereunder is sought), and
including  reasonable  attorneys'  fees  and  disbursements  (the  "THE  COMPANY
INDEMNIFIED  LIABILITIES'),  incurred  by any The Company Indemnitee as a result
of, or arising out of, or relating to (i) any misrepresentation or breach of any
representation  or  warranty  made  by  Consultant in the Agreement or any other
certificate,  instrument  or  document  contemplated hereby or thereby, (ii) any
breach  of  any covenant, agreement or obligation of Consultant contained in the
Agreement  or  any other certificate, instrument or document contemplated hereby
or  thereby,  (iii)  any  cause of action, suit or claim brought or made against
such  The  Company  Indemnitee  by a third party and arising out of or resulting
from the execution, delivery, performance or enforcement of the Agreement or any
other  certificate,  instrument  or document contemplated hereby or thereby, and
except  insofar  as  any such misrepresentation, breach or any untrue statement,
alleged  untrue statement, omission or alleged omission is made in reliance upon
and  in  conformity  with  written  information  furnished  to  The  Company  by
Consultant.  To  the  extent that the foregoing undertaking by Consultant may be
unenforceable  for any reason, Consultant shall make the maximum contribution to
the  payment and satisfaction of each of the The Company Indemnified Liabilities
which  is  permissible  under applicable law. The indemnity provisions contained
herein shall be in addition to any cause of action or similar rights The Company
may have, and any liabilities The Company may be subject to.

(c)  Indemnification Procedure. Any party entitled to indemnification under this
Section  (an  "INDEMNIFIED  PARTY") will give written notice to the indemnifying
party  of any matters giving rise to a claim for indemnification; provided, that
the failure of any party entitled to indemnification hereunder to give notice as
provided  herein  shall  not  relieve  the indemnifying party of its obligations
under  this Section except to the extent that the indemnifying party is actually
prejudiced  by  such  failure  to give notice. In case any action, proceeding or
claim  is  brought  against  an  indemnified  party  in  respect  of  which
indemnification is sought hereunder, the indemnifying party shall be entitled to
participate  in  and,  unless  in  the  reasonable  judgment  of  counsel to the
indemnified  party  a conflict of interest between it and the indemnifying party
may  exist  with  respect  to  such  action,  proceeding or claim, to assume the
defense  thereof  with counsel reasonably satisfactory to the indemnified party.
In  the  event  that the indemnifying party advises an indemnified party that it
will contest such a claim for indemnification hereunder, or fails, within thirty
(30)  days  of receipt of any indemnification notice to notify, in writing, such
person  of  its  election  to defend, settle or compromise, at its sole cost and
expense,  any  action,  proceeding  or claim (or discontinues its defense at any
time  after  it  commences such defense), then the indemnified party may, at its
option,  defend,  settle or otherwise compromise or pay such action or claim. In
any  event,  unless and until the indemnifying party elects in writing to assume
and  does  so  assume  the  defense of any such claim, proceeding or action, the
indemnified party's costs and expenses arising out of the defense, settlement or
compromise  of  any  such action, claim or proceeding shall be losses subject to
indemnification  hereunder. The indemnified party shall cooperate fully with the
indemnifying  party in connection with any settlement negotiations or defense of
any  such  action  or  claim  by the indemnifying party and shall furnish to the
indemnifying party all information reasonably available to the indemnified party
which  relates  to  such  action or claim. The indemnifying party shall keep the
indemnified party fully apprised at all times as to the status of the defense or
any  settlement  negotiations  with  respect  thereto. If the indemnifying party
elects  to  defend any such action or claim, then the indemnified party shall be
entitled  to  participate in such defense with counsel of its choice at its sole
cost  and expense. The indemnifying party shall not be liable for any settlement
of  any  action, claim or proceeding effected without its prior written consent.
Notwithstanding anything in this Section to the contrary, the indemnifying party
shall  not,  without  the  indemnified  party's prior written consent, settle or
compromise  any  claim  or  consent  to entry of any judgment in respect thereof
which  imposes  any future obligation on the indemnified party or which does not
include,  as  an  unconditional  term thereof, the giving by the claimant or the
plaintiff to the indemnified party of a release from all liability in respect of
such  claim.  The  indemnification  required  by  this  Section shall be made by
periodic  payments  of  the amount thereof during the course of investigation or
defense, as and when bills are received or expense, loss, damage or liability is
incurred,  within  ten  (10)  Business  Days  of  written  notice thereof to the
indemnifying party so long as the indemnified party irrevocably agrees to refund
such  moneys if it is ultimately determined by a court of competent jurisdiction
that  such  party  was not entitled to indemnification. The indemnity agreements
contained  herein  shall  be  in  addition to (a) any cause of action or similar
rights  of  the  indemnified party against the indemnifying party or others, and
(b) any liabilities the indemnifying party may be subject to.

Section  7.               GOVERNING  LAW

     All  disputes  arising  under  this  agreement  shall  be  governed  by and
interpreted  in  accordance  with  the  laws of the State of California, without
regard  to  principles  of conflict of laws.  The parties to this agreement will
submit  all disputes arising under this agreement to arbitration in Los Angeles,
California  before  a  single arbitrator of the American Arbitration Association
("AAA").  The  arbitrator  shall  be selected by application of the rules of the
AAA, or by mutual agreement of the parties, except that such arbitrator shall be
an  attorney  admitted  to practice law in the State of California.  No party to
this  agreement  will challenge the jurisdiction or venue provisions as provided
in  this  section.

Section  8               ASSIGNABILITY.

     This  Agreement  and the rights and obligations of the parties hereto shall
bind  and  inure  to the benefit of Consultant and its legal representatives and
heirs  and  the  Company  and  any  successor  or  successors  of the Company by
reorganization,  merger,  or  consolidation  and  any  assignee  of  all  or
substantially  all  of  its  business and properties, but, except as to any such
legal  representatives  or  heirs  of Consultant or successor or assignee of the
Company,  neither  this  Agreement  nor  any rights or benefits hereunder may be
assigned by the Company or the Executive.  Nothing in this Agreement, express or
implied, is intended to or shall confer upon any other person any right, benefit
or  remedy  of  any  nature  whatsoever  under  or  by reason of this Agreement.

Section  9.               ENTIRE  AGREEMENT

     This  Agreement  constitutes  the  entire  agreement of the Company and the
Consultant  as  to  the subject matter hereof, superseding all prior written and
prior  or  contemporaneous  oral  understanding  or  agreements,  including  any
previous  agreements,  or  understandings  with  respect  to  the subject matter
covered  in  this Agreement.  This Agreement may not be modified or amended, nor
may  any  right  be  waived,  except by a writing which expressly refers to this
Agreement, states that it is intended to be a modification, amendment, or waiver
and  is  signed by both parties in the case of a modification or amendment or by
the  party  granting  the  waiver.  No  course of conduct or dealing between the
parties  and  no custom or trade usage shall be relied upon to vary the terms of
this  Agreement.  The  failure of a party to insist upon strict adherence to any
term  of  this  Agreement  on  any  occasion shall not be considered a waiver or
deprive  that  party  of the right thereafter to insist upon strict adherence to
that  term  or  any  other  term  of  this  Agreement.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
and  year  first  above  written.

By  NeWave,  Inc.

     /s/  Michael  Hill
     ------------------
          Michael  Hill
              CEO

By  eFund  Capital  Partners  LLC

      /s/  Barrett  Evans
     --------------------
           Barrett  Evans
          Managing  MemberEXHIBIT
      10.1

    

    Management
      Agreement of

     

     

    Chi
      Shing NG, Chief Executive Office and Founder of China Digital Media
      Corporation

     

    

    EMPLOYMENT
      AGREEMENT

    

    This
      Employment Agreement (this “Agreement”) dated as of this 15tht
      day of
      December, 2005,, and to be effective as of January 1, 2006 (the "Effective
      Date"), by and between China Digital Media Corporation., a Nevada corporation
      (the “Company”), and Chi Shing NG, a resident of Hong Kong SAR (the
“Executive”).

    

    W
      I T N E S S E T H:

    

    WHEREAS,
      the Company is engaged in and seeks to expand its business in the media,
      broadcasting, television commercials and related industry segments, and the
      Executive has substantial experience in managing and operating businesses and
      as
      a senior management executive that would be very beneficial to the Company’s
      operations and future prospects;

    

    WHEREAS,
      the Company believes its progress and its prospects for future development
      and
      growth would be significantly enhanced if the Executive were to serve as the
      Company’s Chief Executive Office (“CEO”);

    

    WHEREAS,
      the Board of Directors of the Company (the “Board”) has authorized this
      Agreement with the Executive and has approved its terms and conditions, all
      of
      which the Board has found to be reasonable, proper, and in the best interest
      of
      the Company;

    

    WHEREAS,
      the Company and the Executive desire to set forth the terms and conditions
      pursuant to which the Executive will be employed by the Company;
      and

    

    WHEREAS,
      the Executive is willing to be employed by the Company pursuant to the terms
      and
      conditions set forth herein;

    

    NOW
      THEREFORE, in consideration of the foregoing premises and of the mutual
      covenants and undertakings contained herein, the parties to this agreement
      hereby agree as follows:

    

    ARTICLE
      I

    

    EMPLOYMENT
      DUTIES AND COMPENSATION

    

    1.01      
      (a) Initial
      Terms of Employment and Duties. The
      Company and the Executive hereby agree that for a thirty-six (36) month period
      beginning on the Effective Date, the Company shall employ the Executive as
      the
      CEO and the Executive shall perform services for the Company at the Company’s
      headquarters location. The last day of such thirty-six (36) month period shall
      be the "Termination Date" for purposes of this Agreement.

    

    (b) Renewal
      of Term. Unless
      the Company shall have given the Executive written notice at least 180 days
      prior to the Termination Date, this Agreement shall renew and continue in effect
      for additional one-year periods (and all provisions of this Agreement shall
      continue in full force and effect), and each successive anniversary from such
      original Termination Date shall thereafter be designated as the “Termination
      Date” for all purposes under this Agreement, provided, however, that the Company
      may, at its election at any time after the expiration of the initial term of
      this Agreement, give the Executive notice of termination, in which event the
      Executive shall continue to receive, as severance pay, his base salary, if
      any,
      and benefits set forth in Paragraphs (d) and (f) below for 12 full months
      following such notice of termination. During such 12-month severance period,
      the
      Board may modify the Executive’s duties as described in Paragraph (c) below
      without triggering the provisions of Section 2.03 below. The Company agrees
      that
      it will not unreasonably withhold any annual renewals of this
      Agreement.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    (c)
       Duties:

    As
      the
      CEO of the Company, the Executive shall carry out the strategic plans and
      policies as established by the Board of Directors of the Company and shall
      report to the Board of Directors. The Executive’s duties shall include but not
      be limited to the following: 

    

    
      	
               

            	
              (i)
                

            	
              Supporting
                the operations and administration of the Board of Directors by advising
                and informing Board members with regard to the operations of the
                Company
                and interfacing between the Board and the staff of the Company;
                

            

    

    

    
      	
               

            	
              (ii)
                

            	
              Overseeing
                the design, marketing, promotion, delivery, and quality of company
                programs, products, and services; 

            

    

    

    
      	
               

            	
              (iii)
                

            	
              Working
                with the CFO, recommending a yearly budget for Board approval and
                prudently managing the Company’s resources within those budgetary
                guidelines according to current laws and regulations;
                

            

    

    

    
      	
               

            	
              (iv)
                

            	
              Effectively
                managing the human resources of the organization according to authorized
                personnel policies and procedures that fully conform to current laws
                and
                regulations; 

            

    

    

    
      	
               

            	
              (v)
                

            	
              Recruit
                and train executive staff for Company and promote its mission programs,
                products, and services are consistently presented in strong, positive
                image to relevant stakeholders.

            

    

    

    As
      the
      Executive shall be entitled to exercise all rights and power and shall have
      all
      the privileges and authorities commensurate with his offices, including without
      limitation: 

    

    
      	
               

            	
              (i)
                

            	
              The
                full authority for the operations and conduct of the business of
                the
                Company; 

            

    

    

    
      	
               

            	
              (ii)
                

            	
              General
                decision-making authority with respect to the day-to-day operations
                of the
                business of the Company; 

            

    

    

    
      	
               

            	
              (iii)
                

            	
              The
                engagement, retention, and termination of employees and independent
                contractors of the Company, the setting of the compensation and other
                material terms of employment or engagement of employees and independent
                contractors and the establishment of work rules for employees; and
                

            

    

    

    
      	
               

            	
              (iv) 

            	
              The
                initiation, development, and implementation of new business, subject
                to
                the approval of and supervision of the Board. The Executive shall
                render
                his services thereunder in the headquarters city (or other headquarters
                location approved by the Board) subject to such reasonable travel
                as may
                be required to perform his duties hereunder. During the term of
                employment, the Executive shall devote such time as is required to
                perform
                his services hereunder. 

            

    

    

    (d) Compensation:

    During
      the initial term of this Agreement and for each renewal term thereafter, the
      Executive’s annual gross base salary pursuant to this agreement shall be as set
      forth below:

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    
      	
               

            	
              (i)

            	
              For
                the three-year period immediately following the beginning date above,
                $12.00 per year payable at a rate of $1.00 per month for the first
                year
                hereunder; $14.40 per year payable at a rate of $1.20 per month for
                the
                second year, $17.28 per year payable at a rate of $1.44 per month
                for the
                third year. 

            
	 	
               

              (ii)

            	
               

              For
                the second year under this Agreement, if the revenue growth in 2006
                comparing to 2005 is over 50%, the Executive’s gross base salary and
                compensation package shall adjust to the “Market Rate”. The Market Rate
                shall be comparable to rate of pay of a CEO who is employed by a
                company
                in the similar industry with similar capacity, and such Market Rate
                shall
                be determined and approved by the
                Board.

            

    

    

    Nothing
      herein shall be deemed to restrict the right of the Board to increase the
      Executive’s annual gross base salary, bonuses, and fringe benefits or grant
      stock options at any time in its discretion.

    

    (e) Bonuses.
      The
      Executive shall be entitled to such bonuses as are described in Exhibit A
      attached hereto.

    

    (f) Fringe
      Benefits. The
      Company shall provide to Executive, during the term of his employment
      hereunder:

    

    
      	
               

            	
              (i)

            	
              All
                so-called “fringe benefits” including, but not limited to, participation
                in pension plans, profit-sharing plans, hospitalization insurance,
                medical
                insurance, dental insurance, disability insurance, life insurance,
                and the
                like that are granted to or provided for eligible employees of the
                Company, or that may be granted to or provided for during the term
                of the
                Executive’s employment under this Agreement; and upon termination of
                Executive’s services with the Company, the Executive may, at his option
                and at his expense, continue the Executive’s hospitalization/medical/
                dental/disability and life insurance policy without interruption
                until his
                death, if permitted by the terms of such group
                policies.

            

    

    

    
      	
               

            	
              (ii)

            	
              Four
                weeks’ paid vacation per year.

            

    

    

    
      	
               

            	
              (iii)

            	
              A
                monthly housing and auto allowance of $0.00 which will be paid monthly
                to
                Executive at the first of each month during the period of this contract
                or
                any renewals hereunder.

            

    

    

    (g) Travel
      and Reimbursement of Expenses.
      The
      Company agrees to pay to on behalf of Executive the cost of travel and other
      expenses incurred by Executive on the Company’s behalf. It is understood that
      the Company will reimburse Executive for reasonable travel expenses between
      the
      Company headquarters and other office locations, and Executive’s primary
      residences, provided that reasonable efforts are made to manage the costs
      associated with travel.

    

    ARTICLE
      II

    

    RIGHTS
      ON TERMINATION OF EMPLOYMENT

    

    2.01 Right
      to Terminate Employment. At
      any
      time the Executive may, at his option, terminate his employment under this
      Agreement upon not less than 30 days’ written notice to the Board of Directors
      of the Company given at any time. In the event of the termination of this
      Agreement by the Executive, the Executive shall be entitled to: 

    

    
      	 	
              (i)
                

            	
              a
                portion of his monthly salary and any accrued bonus earned by the
                Executive prior to the date of termination, computed pro rata up
                to and
                including the date of termination.

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    2.02 Disability.
      If,
      because of mental or physical disability, the Executive shall be incapable
      for a
      period of six consecutive months (the “Disability Period”) of performing his
      obligations and agreements hereunder (hereinafter referred to as a “Disability”)
      during which period the provision of this Agreement will continue to apply
      in
      full force and effect, then, at the election of the Company expressed to the
      Executive in writing, this Agreement shall terminate at the end of such
      Disability Period, except that the Executive shall receive 75% of his base
      salary then in effect for one year from the date of termination, together with
      the bonuses described on Exhibit A hereto. The Company may at its option
      alternatively purchase an insurance policy that will provide the same disability
      benefit to the Executive. Additionally, any stock options previously granted
      but
      not vested shall become vested upon termination for Disability by the Company.
      The determination of whether the Executive has suffered a Disability shall
      be
      made by three licensed medical doctors: one chosen by the Company, one chosen
      by
      the Executive, and one chosen by the two doctors so chosen.

    

    2.03 Rights
      Upon Termination of Employment Without Cause Prior to the
      Termination:

    The
      Company may terminate the Executive’s services without Cause by delivering
      written notice of such termination to the Executive. In addition,
      any:

    

    
      	 	
              (i) 

            	
              Material
                change of the Executive’s title, responsibilities, or authority by the
                Board without the Executive’s concurrence which is not cured within 30
                days after notice by the Executive,

            
	
                                
                (ii)        

            	
              Material
                breach by the Company of this Agreement which continues for 30 days
                after
                notice by the Executive, or

            

    

    

    
      	
                                
                (iii)        

            	
              a
                change in control of the Company that is required to be reported
                by the
                Company on Form 8-K, 

            

    

    

    shall
      be
      deemed termination by the Company without Cause. In the event of termination
      pursuant to clauses (i), (ii), or (iii) of the preceding sentence, the Executive
      shall be entitled to give notice of termination, which notice shall have the
      same effect as a notice delivered by the Company, or

     

        If,
      prior to
      the Termination Date, the Company terminates the Executive’s employment for any
      reason other than Cause or Disability, then the Company shall:

    

    
      	
               

            	
              (i)

            	
              Continue
                to pay the Executive (in the same manner as prior to such termination)
                after the date of such termination the compensation provided under
                Section
                1.01 above through the Termination Date as if the Executive had been
                employed hereunder during such
                period;

            

    

    

    
      	
               

            	
              (ii)

            	
              Pay
                all bonuses quarterly as if the mutually agreed upon targets were
                met;
                

            

    

    

    
      	
               

            	
              (iii)

            	
              Provide
                the Executive with continued coverage through the Termination Date
                under
                any employee benefit plan (as such term is defined in Section 3(3)
                of the
                Employee Retirement Income Security Act of 1974, as amended) then
                maintained by the Company and in which the Executive then participates
                or
                any successor plan thereof. Notwithstanding 2.03(iii) above, the
                Company
                hereby agrees to maintain the Executive’s
                hospitalization/medical/dental/disability and life insurance policy
                in
                effect at the time of termination through the full period of this
                Agreement, to continue to pay any premium to maintain the policy
                through
                the full period of this Agreement, and the Executive may, at his
                option
                and his expense at the end of this Agreement or termination, continue
                the
                policy without interruption until his death if permitted by the terms
                of
                such policy.

            

    

    

    2.04 Right
      Upon Termination of Employment for Cause

    The
      Company shall have the right at any time, by giving written notice to Executive
      to terminate Executive’s employment for Cause. Cause shall be deemed to have
      occurred if the Executive is convicted of a felony or a crime involving fraud,
      gross negligence, or significant mismanagement of the business. Upon such
      termination for Cause, Executive shall be paid his current monthly salary and
      any bonuses earned up to that point, and Executive may exercise any unexercised
      options or warrants that are vested. Executive shall forfeit all unexercised
      options not then vested.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    2.05 Beneficiaries
      of Payments 

    If
      the
      Executive shall die before receiving all payments to be made by the Company
      to
      him pursuant to any of the provisions of this Agreement, all such payments
      or
      any remaining payments, as the case may be, shall be made by the Company to
      such
      beneficiary or beneficiaries as the Executive may designate from time to time
      by
      notice in writing filed with the Company, or if the Executive shall fail or
      fail
      effectively to designate a beneficiary, or if no beneficiary shall survive
      the
      date when the last payment is to be made, any remaining payments shall be made
      to the Executive’s estate.

    

    ARTICLE
      III

    

    PROTECTIONS/CONFIDENTIALITY

    

    3.01
       Covenants
      Regarding Protections:

     

              
      The
      Executive hereby agrees and covenants to the following:

    

    (a) Solicitation
      of Customers and Registered Primary Vendors:

    During
      the term of this Agreement and for a period of three months following the
      termination of this Agreement by either party (other than a termination of
      this
      Agreement by the Company’s failure to renew it pursuant to Section 1.01(b)
      above), the Executive hereby agrees not to solicit or contact in any manner
      that
      could be reasonably construed as a solicitation, any past or current customer
      or
      registered primary vendor of the Company for purposes of encouraging such
      customer to refrain from purchasing products or services from the Company or
      for
      purposes of encouraging such vendor to refrain from providing services or
      selling products to the Company. Notwithstanding the above, if the Executive
      should leave the Company and join a competitive company, it is recognized by
      the
      parties that the industry utilizes a variety of marketing and sales techniques
      such as direct mail, telemarketing, advertising, etc., and the customer might
      be
      contacted by the Company that the Executive joins as a matter of course, and
      in
      this event this practice would not be considered a violation of this
      Agreement.

    

    (b) Solicitation
      of Executives: 

    During
      the term of this Agreement and for a period of three months following the
      termination of this Agreement by either party (other than a termination of
      this
      Agreement by the Company’s failure to renew it pursuant to Section 1.01(b)
      above), the Executive hereby agrees not to employ, either directly or indirectly
      through any entity in which the Executive is an executive officer, and agrees
      not to solicit, or contact in any manner that could reasonably be construed
      as a
      solicitation, any executive officer or director of the Company for purposes
      of
      encouraging such person to leave or terminate his employment with the
      Company.

    

    3.02 Confidentiality;
      Competitive or Personal Disparagement:

    The
      Executive and the Company hereby agree that neither will, during the term of
      the
      Executive’s employment or at any time following the termination hereof for any
      reason, do or cause to have done any of the following:

    

    
      	
               

            	
              (i)

            	
              Without
                the prior written consent of the other party, use for its own purposes
                or
                disclosure to any person or other entity any confidential and/or
                proprietary information of the Company or the Executive;
                and

            

    

    

    
      	
               

            	
              (ii)

            	
              Each
                party agrees that it will not disparage the other
                party.

            

    

    

    3.03 Enforcement:

    The
      Executive and the Company recognize that the provisions of this Agreement are
      vitally important to the continuing welfare of the Company and the Executive
      and
      that money damages constitute an inadequate remedy for any violation thereof.
      Accordingly, in the event of any such violation by the Executive or the Company,
      the Company or the Executive, in addition to any other remedies it may have,
      shall have the right to institute and maintain a proceeding to compel specific
      performance thereof or to issue an injunction restraining any action by the
      Executive or the Company in violation of the Agreement. 

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    ARTICLE
      IV

    

    4.01 Indemnifications:

    The
      parties agree that the Executive shall be indemnified by the Company against
      any
      liability asserted against the Executive (and expenses, including without
      limitation, reasonable attorney’s fees, court costs, and other legal expenses
      incurred in connection therewith) by reason of his position with the Company
      or
      any subsidiary to the full extent a Nevada corporation may indemnify an officer
      or director under the Nevada General Corporate Law.

    

    4.02 No
      Obligation to Mitigate Damages:

    In
      the
      event of a termination of employment upon a change in control, the Executive
      shall not be required to mitigate damages by seeking other
      employment.

    

    4.03 Arbitration
      and Remedies:

    (a)  
      All
      disputes, differences, or questions between the parties concerning the
      construction, interpretation, and effect of the Agreement, or the rights,
      obligations, and liabilities of the parties, and which have as their sole remedy
      monetary damages, will be settled by arbitration in Nevada, or such other place
      as the parties may mutually agree. In the case of a dispute, difference, or
      question, one party shall appoint its arbitrator and shall notify the other
      party in writing (the “Arbitration Notice”) of the appointment and the matter to
      be determined. If the party receiving the arbitration notice fails to appoint
      an
      arbitrator and notify the first party of such appointment for 15 days after
      receipt of such notice, the decision of the arbitrator appointed by the first
      of
      the parties shall be final and binding on both of the parties hereto. If two
      arbitrators are appointed, they shall meet within 30 days after appointment
      of
      the second arbitrator. If they do not agree as to their decision, they shall
      choose a third arbitrator, failing which third arbitrator shall be selected
      in
      accordance with the rules of the American Arbitration Association. The
      arbitration shall be held as promptly as possible at such time and place in
      the
      designated city as the arbitrators may determine. The decision of the
      arbitrators so appointed, or a majority of them, will be final and binding
      upon
      the parties hereto. Judgment upon the award may be entered in any court having
      jurisdiction, or application may be made to such court for judicial acceptance
      of the award and an order to enforce, as the case may be. If the arbitrator
      appointed refuses to act, is incapable of acting, or dies, a substitute for
      him
      shall be appointed in the manner provided above.

    

    (b)  
      Each
      of
      the parties to the Agreement will be entitled to enforce its rights under the
      Agreement specifically, to recover damages by reason of any breach of any
      provision of this Agreement and to exercise all other rights existing in its
      favor. The parties hereto agree and acknowledge that money damages may not
      be an
      adequate remedy for any breach of the provisions of the Agreement and that
      any
      party may, in its sole discretion, apply for specific performance and/or
      injunctive relief in either a federal or state court to enforce or prevent
      any
      violations of the provisions of this Agreement.

    

    4.04 Legal
      Cost and Indemnification:

    The
      Company shall pay the Executive all legal fees and expenses incurred by him
      as a
      result of his termination without Cause or Disability, including but not limited
      to, all such fees and expenses, if any, incurred in contesting or disputing
      any
      such termination or in seeking to obtain or enforce any right or benefit
      provided in this Agreement through legal process or arbitration, if the
      Executive shall be wholly successful on the merits, such amounts not to exceed
      any court-directed maximum.

    

    4.05 Notices:

    (a)  
      Any
      notice to be given concerning this Agreement shall be given in writing and
      either (i) sent by certified or registered mail, return receipt requested,
      postage prepaid; or (ii) hand-delivered to the recipient personally. In the
      case
      of notice sent by mail, the date of the giving of the notice shall be deemed
      to
      be (i) the date of the postmark of the executed return receipt or (ii) the
      date
      of actual receipt if not postmarked by the United States Postal Service. In
      the
      case of notice being hand-delivered, a written dated receipt shall be given
      therefor. Hand-delivery of any notice to the Company shall be delivered to
      the
      Company’s chief financial officer personally.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    (b)  
      Notice
      shall be sent as follows:

    

    If
      to the
      Executive:  Chi
      Shing
      NG

    

    If
      to the
      Company:  China
      Digital Media Corporation

                                 
      2505-06,
      Stelux House, 698 Prince Edward Road East,

                                 
      Kowloon,
      Hong Kong

    

    (c)  
      By
      giving
      notice to all other parties, any party may, from time to time, designate a
      different address to which notice by mail to such party shall be
      sent.

    

    4.06 Successors
      and Assigns; Survival in Case of Merger:

    (a)  
      This
      Agreement is intended to bind and inure to the benefit of, and be enforceable
      by, the Executive and the Company and their respective successors and
      assigns.

    

    (b) Without
      limiting the effect of the foregoing, this Agreement and all of its terms shall
      survive, and be enforceable by the Executive, notwithstanding any merger,
      consolidation, combination, or reorganization of the Company with or into any
      other entity or person (“Surviving Entity”), including but not limited to any
      other corporation, partnership, or other similar organization, whether or not
      the Company is the Surviving Entity of such merger, consolidation, combinatiuon,
      or reorganization. The Surviving Entity shall be bound by this Agreement to
      the
      same extent as if such Surviving Entity had entered into the Agreement with
      the
      Executive on the Effective Date.

    

    (c) As
      a
      condition of any merger, consolidation, combination, or reorganization of the
      Company as discussed in Section 4.06(b) above, the Company agrees to include,
      as
      a condition of consummation of such merger, consolidation, combination, or
      reorganization, an undertaking by the Surviving Entity, pursuant to which the
      Surviving Entity shall agree in writing to be bound by this
      Agreement.

    

    4.07 Amendment;
      Waiver:

    No
      amendment or other modification of this Agreement nor any waiver of any term
      of
      this Agreement shall be valid unless it is in writing and signed by the party
      against whom enforcement of the amendment, modification, or waiver is sought.
      No
      waiver by any party of the breach of any term contained in this Agreement,
      whether by conduct or otherwise, in any one or more instances, shall be deemed
      to be or construed as a further or continuing waiver of any such breach of
      any
      other term of this Agreement.

    

    4.08 Further
      Assurances:

    Each
      party hereto agrees to perform any further acts and to execute and deliver
      any
      further documents mutually agreed to in writing that may be reasonably necessary
      to carry out the provisions of this Agreement.

    

    4.09
       Severability:

    In
      the
      event that any of the provisions, or portions thereof, of this Agreement are
      held to be unenforceable or invalid by any court of competent jurisdiction,
      the
      validity and enforceability of the remaining provisions, or portions thereof,
      shall not be affected thereby. 

    

    4.10 Construction:

    Whenever
      used herein, the singular number shall include the plural, and the plural number
      shall include the singular.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    4.11 Gender:

    Any
      references hereto to the masculine gender, or to the masculine form of any
      noun,
      adjective, or possessive, shall be construed to include the feminine or neuter
      gender and form, and vice versa.

    

    4.12 Headings

    The
      headings contained in this Agreement are for purposes of reference only and
      shall not limit or otherwise affect the meaning of any of the provisions
      contained hereof.

    

    4.13 Multiple
      Counterparts:

    This
      agreement may be executed in multiple counterparts, each of which shall be
      deemed to be an original but all of which together shall constitute one and
      the
      same instrument.

    

    4.14 Governing
      Law:

    THIS
      AGREEMENT HAS BEEN EXECUTED IN AND SHALL BE COVERED BY THE LAWS OF THE STATE
      OF
      NEVADA AND THE OBLIGATIONS OF THE PARTIES HERETO SHALL BE PERFORMABLE IN
      NEVADA.

    

    4.15 Inurement:

    Subject
      to the restrictions against transfer or assignment as herein contained, the
      provisions of the Agreement shall inure to the benefit of, and shall be binding
      on, the assigns, successors in interest, personal representatives, estates,
      heirs, and legatees of each of the parties thereto.

    

    4.16 Waiver:

    No
      waiver
      of any provision or condition of this Agreement shall be valid unless executed
      in writing and signed by the party to be bound thereby and then only to the
      extent specified in such waiver. No waiver of any provision or condition of
      this
      Agreement shall be construed as a waiver of any other provision or condition
      of
      this Agreement and no present waivers of any provision or condition of this
      Agreement shall be construed as a future waiver of such provision or
      condition.

    

    4.17 Entire
      Agreement: 

    This
      Agreement contains the entire understanding between the parties hereto
      concerning the subject matter contained herein.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the parties to the Agreement have set their respective hands
      hereto as of the date first written above.

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              THE
                EXECUTIVE

              Chi
                Shing NG

            
	
               

            	
               

            	
               

            
	 	
              By:  

            	
              /s/ Chi
                Shing NG

            
	
               

            	
              
                

              

              By:
                Chi Shing NG

            
	
               

            	 

    

    

    

    
      	
               

            	
               

            	
               

            
	
               

            	
              THE
                COMPANY

              China
                Digital Media Corporation

            
	
               

            	
               

            	
               

            
	 	
              By:  

            	
              /s/ 
                Daniel Lui

            
	
               

            	
              
                
Name:
                Daniel Lui

            
	
               

            	
              Title: Chief
                Financial Officer

            

    

     

    

    

    EXHIBIT
      A

    

    BONUSES

    

    

    
      	
              ·

            	
              Period
                of Contract and Renewals:

            

    

    Executive
      will be eligible for a bonus of up to 0% of his base first year annual salary;
      payable quarterly based upon the completion of Company objectives and
      performance criteria to be mutually agreed upon by Executive and the Board
      of
      Directors at the beginning of each year. The bonuses to the Executive shall
      be
      reviewed annually after the first year.

    

    

    
      
         

      

      
        9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]