Document:

<PAGE>

                                                                   EXHIBIT 10.22

          TRANSFER AGREEMENT ON PROJECT COOPERATION FRAMEWORK AGREEMENT

This TRANSFER AGREEMENT ON PROJECT COOPERATION FRAMEWORK AGREEMENT (this
"AGREEMENT") is entered into in Beijing as of August 28, 2003 by and between the
following two Parties:

(1)   SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD., a company of limited
      liabilities duly incorporated and validly existing under the laws of
      China, with its legal address at Floor 28-30, Zhaofeng World Trade
      Mansion, No.369, Jiangsu Road, Shanghai ("PARTY A"); and

(2)   BEIJING SUODI ADVERTISEMENT CO., LTD., a company of limited liabilities
      duly incorporated and validly existing under the laws of China, with its
      legal address at Room 303, 303A, Dabei Office Building, No. 1,
      Jianwainanlang Garden, Chaoyang District, Beijing ("PARTY B").

WHEREAS: Party B and Shanghai Everease Communication Company entered into a
Project Cooperation Framework Agreement (agreement No. SD-YY-2003-1) on February
15, 2003, which has now been partly performed;

WHEREAS: Shanghai Everease Communication Company wishes to transfer all of its
rights and obligations under the Project Cooperation Framework Agreement to
Party A, and Party B agrees to such transfer;

WHEREAS: Party A and Party B agree to change and amend, in the light of the
current practical circumstances, some contents of the original Project
Cooperation Framework Agreement.

NOW, THEREFORE, upon friendly consultation, the Parties hereby enter into this
Agreement as follows:

1.    Party B agrees that Shanghai Everease Communication Company shall transfer
      all of its rights and obligation under the Project Cooperation Framework
      Agreement to Party A, with such transfer to be effective on the date of
      execution hereof.

2.    Party A and Party B agree that the original Project Cooperation Framework
      Agreement shall be amended to read as follows:

2.1   About the quantity and names of the target buildings

      2.1.1 Party A and Party B agree to increase the quantity of the target
            buildings to one hundred (100). There are 5 buildings within the 85
            buildings set out

<PAGE>

            in Appendix 1.

      2.1.2 Appendix 1 sets out the quantity and names of target buildings that
            were concluded by agreements and completed in installation by Party
            B for and on behalf of Shanghai Everease Communication Company prior
            to the execution of this Transfer Agreement, which is acknowledged
            hereby by Party A. Appendix 2 sets out the list of twenty (20)
            buildings that are not completed in exploitation yet, and another
            list of eight (8) standby buildings.

      2.1.3 Where agreements are not to be concluded by those listed in the
            original name list due to reasons attributable to the owner or
            manager of the said buildings, Party A agrees that Party B may use
            the standby buildings as substations in the process of exploitation
            and construction.

2.2   About Party B's assistance to Party A with the sales of LCD TV
      advertisement in Beijing

      Party A and Party B acknowledge that the agreements in the original
      Project Cooperation Framework Agreement shall no longer be performed, and
      Party A and Party B will otherwise enter into an agreement for the
      solution of the issue.

2.3   About the front end market developing fees

      For the issue of front end market developing fees for Party B as it was
      entrusted with the task of exploitation and construction in Beijing area
      of LCD TV advertisement systems for advanced business buildings, Party B
      and Shanghai Everease Communication Company entered into two supplementary
      agreements, respectively on April 2003 and June 2003, by which Shanghai
      Everease Communication Company agreed to pay Party B the front end market
      developing fee in an aggregate amount Renminbi seven hundred thousand
      (RMB700,000), and Party B did receive, prior to the execution hereof, such
      an amount of Renminbi seven hundred thousand (RMB700,000) for the front
      end market developing fee. In view of the increase in quantity of the
      target buildings, Party A agrees to pay, within five (5) working days of
      the execution hereof, to Party B a further amount of Renminbi three
      hundred thousand (RMB300,000) as the front end market developing fee.

2.4   About the service fees to be paid by Party A annually to Party B

      Party A and Party B agree that they shall no longer follow the agreement
      set out in Article 16 of the original Project Cooperation Framework
      Agreement to calculate the amount of service fees payable by Party A to
      Party B annually, but to change to the method of a unitary annual payment
      by Party A to Party B of an amount of

Transfer Agreement on Project Cooperation Framework Agreement

                                                                               2

<PAGE>

      Renminbi one million three hundred thousand (RMB1,300,000).

      During the cooperation period, in case that the front lease in relation to
      the relevant buildings is terminated ahead of schedule due to reasons
      attributable to Party A, the amount of service fees payable by Party A to
      Party B shall not be affected (i.e., no reduction to the amount).

2.5   About the time of payment of the service fees

      2.5.1 Party A agrees to pay Party B in advance part of the first year's
            service fees for an amount of Renminbi six hundred fifty thousand
            (RMB650,000) before August 31, 2003, and Party A agrees to further
            pay Party B the remaining amount of Renminbi five hundred fifty
            thousand (RMB550,000) for the first year (after setting off Renminbi
            one hundred thousand (RMB100,000) with the deposit originally paid
            by Shanghai Everease Communication Company) within five (5) working
            days of the agreement conclusion and installation completion of the
            last target building.

      2.5.2 From the second year, for each of the subsequent four (4) annual
            payments of service fees, Party A shall pay fifty percent (50%) of
            the service fees respectively in the first month and the sixth month
            of each year (i.e., November 2004, April 2005, November 2005, April
            2006, November 2006 and November 2007, April 2008) for the payment
            of the current year's service fees.

2.6   About the conditions precedent of cooperation between the Parties

      In consideration of the sincere honesty expressed by both Party A and
      Party B for the continuation of cooperation between them, the Parties
      agree to delete the last sentence in Article 11.1 of the original Project
      Cooperation Framework Agreement, which reads "Party B shall guarantee the
      execution of front lease agreements in ten (10) key target buildings,
      which shall serve as the conditions precedent of cooperation for Party A's
      entrustment to Party B on issues of expolitation and construction ".

2.7   About the quality of LCD TV equipment

      Party A shall guarantee the requisite quality of the LCD TV equipment,
      otherwise, Party A shall bear legal liabilities accordingly.

2.8   About the exploitation of twenty non-business buildings

      As Party B is the only partner of business cooperation for Party A in
      Beijing area,

Transfer Agreement on Project Cooperation Framework Agreement

                                                                               3

<PAGE>

      Party B agrees to exploit, in addition to one hundred (100) business
      buildings, for Party A in Beijing area five (5) Kara OK clubs, five (5)
      bars, five (5) restaurants, three (3) golf courses and two (2) gyms
      (twenty non-business buildings in all) for installation of LCD TV
      advertisement systems (for such twenty non-business buildings and other
      stores of same grade/substitutable level, please see list in Appendix 3).

      Party A shall bear the front lease rents and deposits for installation or
      construction work in such twenty (20) non-business buildings.

2.9   About the exploitation of extra new buildings after the achievement of
      exploitation of one hundred (100) target buildings

      For new buildings to be exploited as designated by Party A, Party B may
      only carry on such exploitation after confirmation by Party A before it
      concludes contracts thereof, with all such costs as exploitation fees,
      front lease rents and deposits for installation and construction work for
      such new buildings to be borne by Party A, and Party A agrees also to pay
      Party B an annual service fee in the amount Renminbi thirteen thousand
      (RMB13,000) per building.

2.10  About the contract renewal for target buildings with a lease term yet less
      than five (5) years

      As the original Project Cooperation Framework Agreement stipulates in
      Article 1 of Chapter 1 (for cooperation method) and Article 6.3 of Chapter
      2 that, in case of buildings where the front lease is available only for
      one (1) year or the lease term is less than five (5) years for reasons
      attributable to the building owners, Party B shall continue, at Party A's
      request and as the only authorized cooperator, to perform the contract
      renewal obligations. The Parties now make supplements thereto as follows:

      2.10.1 In case of buildings where the lease is less than five (5) years,
             Party B shall continue, at Party A's request and as the only
             authorized cooperator, to perform the contract renewal obligations.

      2.10.2 At contract renewal, the front lease rents in the buildings shall
             be negotiated and decided by Party A and Party B together with the
             building owner according to the then market situation.

      2.10.3 Party A and Party B agree that, in following circumstances, Party B
             may use new buildings of same grade to serve as substitutes:

            A.    for reasons attributable to the building owner, the contract
                  is not to be renewed; or

Transfer Agreement on Project Cooperation Framework Agreement

                                                                               4

<PAGE>

            B.    where Party A holds it necessary to change to new buildings.

            For matters of exploitation in new buildings that serve as
            substitutes, Article 2.9 shall apply.

      2.10.4 In respect of extra costs and expenses demanded by the building
             owner other than the front lease rents at contract renewal of
             original buildings, Party B will endeavor to avoid, for the benefit
             of Party A, such extra costs and expenses; if it is impossible to
             avoid, Party A agrees that Party B may use new buildings of the
             same grade as replacements.

2.11  About the default liabilities

      In case that Party A fails to pay in a timely manner the agreed service
      fees, Party A shall be charged a liquidated damages at the rate of five
      per ten thousand (0.05%) for each day; where the payment is delayed for
      more than ninety (90) days, Party B shall have the right to terminate the
      relevant contract, and demand Party A to pay fifty percent (50%) of the
      service fees payable for the remaining period of the original cooperation
      period as the compensation for Party B's anticipated profit loss.

2.12  About the safe keeping of standby machines

      Party A and Party B agree that the thirty (30) standby machines, as
      stipulated in Article 22 of the original Project Cooperation Framework
      Agreement, shall be kept by Party A's Beijing branch, and Party B may
      collect and have such machines according to the financial procedures when
      it feels necessary.

2.13  About the photo taking costs incurred by Party B when carrying on
      advertisement supervisory work

      Party A agrees to bear such costs as film rolls, film developing and
      printing, etc.

2.14  About the correspondence address of Party A for notice delivery

      Party A: SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
      Address: Floor 28-30, Zhaofeng World Trade Mansion, No.369,
               Jiangsu Road, Shanghai.
      Postcode: 200050
      Telephone: 021-32124665/6117

3.    Party B shall assist Party A to complete, within three (3) months of the
      date hereof, the transfer of contracts already concluded with building
      owners. From the date hereof, Party B shall also enter into front lease
      agreement with new building

Transfer Agreement on Project Cooperation Framework Agreement

                                                                               5

<PAGE>

      owners directly in the name of Party A, provided that Party A shall issue
      in a timely manner relevant documents of power of attorney to Party B.

4.    Party B suggests that there shall be a union/entertainment party held in
      December each year for all clients in relation to the buildings, as to
      adapt to the demands of market competition, with the costs thereof to be
      borne equally between Party A and Party B, provided that each of such
      party shall be held only after acknowledgement by Party A.

5.    This Agreement is executed in five (5) copies, with Party A and Party B
      each keeping two (2) copies, and Shanghai Everease Communication Co., Ltd.
      keeping one (1) copy. All the copies of this Agreement shall be equal in
      legal force, which shall become effective on the date of signature and
      affixation of corporate seals by the Parties.

PARTY A: SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (Corporate Seal)

Signed by: /s/ Jason Nanchun Jiang
           -------------------------------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative

PARTY B: BEIJING SUODI ADVERTISEMENT CO., LTD. (Corporate Seal)

Signed by: /s/ Zhao Xin
           --------------------------------------------------
Name: Zhao Xin
Position: Authorized Representative

ACKNOWLEDGED BY: SHANGHAI EVEREASE COMMUNICATION CO., LTD. (Corporate Seal)

Signed by: /s/ Jason Nanchun Jiang
           --------------------------------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative

Attached:

1.    List of Target Buildings with Contracts Already Concluded;

2.    List of 20 Target Buildings with Contracts to be Concluded, and List of 8
      Standby/Substitutable Buildings of Same Grades;

3.    List of 20 Non-Business Buildings, and List of Standby/Substitutable
      Stores of Same Grades.

Transfer Agreement on Project Cooperation Framework Agreement

                                                                               6<PAGE>

                                                                   EXHIBIT 10.23

                            BUSINESS AGENCY AGREEMENT

PARTY A: SHANGHAI ON-TARGET ADVERTISING CO., LTD., a company of limited
         liabilities duly incorporated and validly existing under the laws of
         China; and

PARTY B: SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD., a company of limited
         liabilities duly incorporated and validly existing under the laws of
         China.

Upon friendly consultation, the Parties hereby enter into this Agreement in
respect of the entrustment by Party B to Party A to act as sales agency as
follows:

1.    BUSINESS AGENCY

1.1   Party B shall be responsible for providing the synchronous LCD TV
      advertisement media for advanced business buildings, which it has
      developed and operated, and shall guarantee such media being sufficient in
      quantity and satisfactory in quality, as to be used for the purpose of
      Party A's completion of its sales targets.

1.2   Party B shall be responsible for providing the marketing promotion
      materials in appropriate quantity.

1.3   Party A shall be responsible for, as an agency, sales in Beijing district
      and Shanghai district of the synchronous LCD TV advertisement media owned
      by Party A for advanced business buildings.

1.4   Upon final determination after consultation, Party A and Party B have
      agreed on the sales agency commission at ten percent (10%) of the sales
      contract price, which is to be settled on a monthly basis.

2.    OTHERS

2.1   This Agreement is executed in two (2) copies, with each Party keeping one
      (1) copy.

2.2   After this Agreement becomes effective, neither Party may amend, change,
      supplement or terminate this Agreement by itself. Any amendment, change or
      supplement to this Agreement is subject to the mutual agreement by the
      Parties in writing.

2.3   The formation, effectiveness, performance, interpretation, invalidity,
      etc. in relation to this Agreement shall all be governed by the laws of
      the People's

<PAGE>

Republic of China. The Parties may submit any disputes in relation to this
Agreement to the jurisdictional court for judgment.

PARTY A: SHANGHAI ON-TARGET ADVERTISING CO., LTD. (Corporate Seal)

Signed by: /s/ Jason Nanchun Jiang
           ---------------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative

PARTY B: SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (Corporate Seal)

Signed by: /s/ Jason Nanchun Jiang
           ---------------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative

Business Agency Agreement

                                       2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}]]