Document:

f10k2010a1ex10xvii_chinayida.htm

Exhibit 10.17

 

[English Summary]

Cooperative Agreement

Party A: Railway Media Center

Party B: Fuzhou Fuyu Advertisement Limited Company

Term:

Six years from March 1, 2009 to February 29, 2016.

Purpose:

Party A and Party B will be working together to create the TV series “Train Travel Across China” (the “Series”).

Responsibilities:

Party A will be responsible for the examination and broadcast of the Series, while Party B will be responsible for the creation and production.

Consulting fees:

	
(1)  

	
For the first three years of the Term, Party B shall pay to Party A consulting fees of 300,000 RMB per year;

	
(2)  

	
For the last three years of the Term, Party B shall pay to Party A consulting fees of 350,000 RMB per year;

	
(3)  

	
Such consulting fees shall be paid quarterly of even amount.

Cash Deposit:

Within seven days of the execution of this Agreement, Party B shall pay cash deposit of 100,000 RMB to Party A. If Party B is unable to fulfill its obligation, the Agreement will be void with no further effect and such cash deposit is non-refundable. If Party B can meet its obligation, then the cash deposit will be applied to the consulting fees of the first year.

Termination:

Except force majeure, either party cannot terminate the Agreement without consent of the other party, or such party shall be responsible for all the direct and indirect economic losses of the other party.

Dispute:

If there is any dispute between the parties, both parties shall resolve the dispute through compromise settlement. If the parties cannot reach the settlement, then either party can resolve the dispute by the courts.

Date of the Agreement:

February 13, 2009

 

 

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Exhibit 10.18

 

[English Summary]

Fujian Taining Great Golden Lake Tourism Project Management Agreement

Party A: Fujian Taining Great Golden Lake Tourism Development Management

Committee; and

Fujian Taining Great Golden Lake Tourism Development Co., Ltd.

Party B:  Fujian Jintai Tourism Development Co., Ltd.

Projects/Resources:

(1) the Golden Lake;

(2) Shangqing River and Zhuangyuan Rock;

(3) Maoer Mountain Park; and

(4) Bamboo Garden.

Land Use Rights:

Party B shall be entitled to the land use rights of the 1,000 mu land in the resource area for a period of 30 years.

“Great Golden Lake” Trademark:

Taining State-owned Asset Investment Co., Ltd. agrees that Party B can use its trademark “Great Golden Lake” free of charge. According to No. 1388753, 1388765 and 1379924 trademark certificates, such trademark can only be use exclusively. Therefore, Taining State-owned Asset Investment Co., Ltd. shall not grant the right to use the trademark to any third party.

Term:

Party B shall be entitled to the operation and management rights under this Agreement for a period of 30 years from August 21, 2001 to August 20, 2031.

Fees:

(1) Permit Fees are a total of 35,000,000 RMB. Party B shall pay such fees to Party A as follows:

- Pay 3,000,000 RMB within 10 days of the execution of the Agreement;

- Pay 7,000,000 RMB within 10 days of the incorporation of Party B;

- pay 7,500,000 RMB on or before December 31, 2001;

- pay 7,500,000 RMB on or before June 30, 2002; and

- pay the remaining 10,000,000 RMB according to the progress of the project.

(2) Revenue Sharing Fees. Party B agreed to pay to Party B from the revenues of the tickets sales as follows:

- 8% for the first five years;

- 10% from the 6th year to 10th year;

- 12% from the 11st year to 15th year;

- 14% from the 16th year to 20th year;

- 16% from the 21st year to 25th year;

- 18% from the 26th year to 30th year; and

- If this Agreement is extended thereafter, Party A shall be entitled to 16% of the revenues from ticket sales in the extended period.

 

  

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Investment:

In the first three to four years, Party B agrees to invest no less than 30,000,000 RMB as promotion and advertisement fees. From the fourth or fifth year until the expiration of this Agreement, Party B shall invest no less than 25,000,000 RMB for every five years. Such fees can be reduced if the total visitors are more than 300,000 annually.

After five years upon execution of this Agreement, Party B and its related parties shall invest no less than 50,000,000 RMB for facilities improvement, including hotel, entertainment centers and shopping mall, etc.

Guarantee and Join Liability:

Fujian Xin Hengji Advertisement Co., Ltd. and Fujian Coal Industry (Group) Co., Ltd. shall have join liability as to the early terminate of the Agreement resulted by Party B and any civil liabilities incurred. They also have join liability as to the 30,000,000 RMB as promotion and advertisement fees in the first three to four years.

Taining State-owned Asset Investment Co., Ltd. shall have join liability as to the early termination of the Agreement resulted by Party A and any civil liabilities incurred.

Dispute:

If there is any dispute between the parties, either party can resolve the dispute by the courts.

Date of the Agreement:

October 30, 2001

 

 

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Exhibit 10.19

 

[English Summary]

Yunding Park Cooperative Development Agreement

Party A: Yongtai County Government

Party B: Hong Kong Yida International Investment Co., Ltd.

Exclusivity:

Party B has the exclusive right to develop both Yongtai Beixi and Jiezhukou Lake and Party A is prohibited from granting the right of development, operation and management to any third party during the term of the Agreement.

Term:

Party B shall be entitled to the operation and management rights of Yunding Park for a period of 40 years from the date of execution of this Agreement.

Rights and Responsibilities:

Party A is entitled to resource sharing fees from Party B as to its tourism activities;

Party A shall not grant the right of development, operation and management to any third party during the term of the Agreement;

Party A shall not terminate the Agreement during the term unless required by laws and policies of the government;

Party B is entitled to the rights to develop and operate the resource;

Party B shall pay to Party A certain resource sharing fees;

Party B can mortgage or pledge the rights under this Agreement;

Party B can obtain the land use rights through bidding and auction according to certain laws;

Revenue Sharing:

Under the Agreement, Party B is entitled to: (1) the ticket sales revenue minus a total of 5 million RMB to be paid to Party A over the course of the first 10 years of the Agreement; (2) the earnings excluding 5% of the actual ticket sales during that time in the second ten years; (3) the earnings excluding 6% of the actual ticket sales during that time in the third ten years and (4) the earnings excluding 7% of the actual ticket sales during that time in the fourth ten years.

Resource Sharing Fees:

Party B shall also pay to Party A resource sharing fees as to the franchise projects: (1) not less than 3% of the actual revenue from franchise projects during the first ten years; (2) not less than 4% of the actual revenue from franchise projects during the second ten years; and (3) not less than 5% of the actual revenue from franchise projects thereafter.

Assignment:

Party B will incorporate a new company to develop Yunding Park. Such new company shall assume all the rights and liabilities of Party B.

 

Dispute:

If there is any dispute between the parties, both parties shall resolve the dispute through compromise settlement. If the parties cannot reach the settlement, then either party can resolve the dispute by the municipal court of Yongtai County or intermediate court of Fuzhou City.

Jurisdiction:

Law of China

Date of the Agreement:

November 27, 2008

 

1f10k2010a1ex10xx_chinayida.htm

Exhibit 10.20

 

[English Summary]

Hua’an County Dadi Tulou Cluster Resources

Development and Cooperative Agreement and Supplements

Party A: Hua’an County Government

Party B: Hong Kong Yida International Investment Co., Ltd.

Term:

Party B shall be entitled to the operation and management rights of Hua’an Tulou Cluster resources (the “Resources”) for a period of 40 years from the date of execution of this Agreement.

Investment:

Party B shall invest no less than 20,000,000 RMB to the construction and development of the Resources in the first year and 100,000,000 RMB in the first six years, including fixed asset purchase and promotion.

 

Fees:

(1) As to Dadi Tulou Clusters:

When the ticket price of the Dadi Tulou Clusters is 60 RPM or above per person, the proportion paid by Party B to Party A shall be: (1) 16% of gross ticket sales in the first five years; (2) 20% of gross ticket sales in the second five years; (3) 23% of gross ticket sales in the third five years; (4) 25% of gross ticket sales in the fourth five years; (5) 28% of gross ticket sales in the fifth five years; and (6) 30% of gross ticket sales from the 26th year.

When the ticket price is less than 60 RPM, the proportion paid by Party B to Party A shall be reduced by 2% in each above category.

(2) As to other Resources that developed by Party B itself:

Party B shall pay to Party A certain percentage of its revenues: 5% in the first five years and 1% increase for every two years thereafter. However, the maximum shall be 10%.

Dispute:

If there is any dispute between the parties, both parties shall resolve the dispute through compromise settlement. If the parties cannot reach the settlement, then either party can resolve the dispute by the courts of Gulou County Fuzhou City or Hua’an County Zhangzhou City.

Date of the Agreement:

December 26, 2008

 

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