Document:

Exhibit 10.5

LETTER OF RESIGNATION

(Translation from Document Originally Executed and Delivered in Mandarin, Chinese)

To : NCN Management Services Limited
Dear Sir,

I, Zheng Youwei ([CHINESE
OMITTED]) and China ID Number 44010419640824195X am now willing to resign from the post as the Director of
Guangdong Tianma International Travel Service Company Limited with effect from the date of this notice. 

I confirm that I have no claim against and no right to litigate against Guangdong Tianma International Travel Service Company Limited for any fee, salary, severance payment, retirement benefit, reimbursement for expenses in
relation to the resignation or otherwise and that NCN Management Services Limited is not indebted to me in any way. 

 

Signature :/s/____________________________
 Name : Zheng Youwei ([CHINESE
OMITTED]) 

Date :Exhibit 10.6

LETTER OF RESIGNATION

(Translation from Document Originally Executed and Delivered in Mandarin, Chinese)

To : NCN Management Services Limited
Dear Sir,

I, Zheng Youwei ([CHINESE
OMITTED]) and China ID Number 44010419640824195X am now willing to resign from the post as the
legal
representative of Guangdong Tianma International Travel Service Company Limited with effect from the date of this notice. 

I confirm that I have no claim against and no right to litigate against Guangdong Tianma International Travel Service Company Limited for any fee, salary, severance payment, retirement benefit, reimbursement for expenses in
relation to the resignation or otherwise and that NCN Management Services Limited is not indebted to me in any way. 

 

Signature :/s/____________________
 Name : Zheng Youwei ([CHINESE
OMITTED]) 

Date :Exhibit 10.2

AGREEMENT FOR NOMINEE SHAREHOLDING

(Translation from Document Originally Executed and Delivered in Mandarin, Chinese)

Party A : Crown Winner International Limited

Party B: Zhang Lina, China ID Number 310110197508045828 

WHEREAS Party A and Party B have signed an Stock Transfer Agreement on 24th January, 2007 and Party B being the transferee under such agreement is
now holding a 90% shareholding in Shanghai Quo Advertising Company Limited (hereinafter called “Corporation” ) and in view of the fact that at present a corporate body incorporated in Hong Kong is not allowed to be registered as a
shareholder of a company in Mainland China which is engaged in the advertising business therefore after some negotiation Parties A & B have reached agreement on nominee shareholding as follows:- 

	
1.      		
From the date of transaction as agreed under the Stock Transfer Agreement signed between Parties A & B on 24th January, 2007, the 90%
shareholding of and in the Corporation which is registered under the name of Party B at the Industrial and Commercial Administration Bureau of Shanghai City shall belong to Party A, Party B shall be the nominal shareholder of the above mentioned
shareholding to hold the same as the nominee of Party A until such time when Party A transfer the same to a third party.	
	 
	
2.      		
During the period of time in which Party B is holding the above mentioned shareholding as a nominee Party A shall be entitled to decide on the choice and appointment of every one of the five directors of the Corporation,
Party B being one of those directors. Party A authorizes Party B to act as the statutory representative of the Corporation so as to exercise the powers conferred on the statutory representative and the shareholder of a corporation under the Code of
Company Law of the People’s Republic of China and the Memorandum and Articles of Association of the Corporation. Party B must not damage the lawful rights and interest of Party A when exercising the above mentioned powers.	
	 
	
3.      		
During the period of time in which Party B is holding the above mentioned shareholding as a nominee if Party A would like to transfer the above mentioned shareholding to a third party then Party B must act in its own name
to enable Party A to give effect to such transfer and shall not charge any transfer fee or consideration from the relevant third party.	
	 
	
4.      		
During the period of time in which Party B is holding the above mentioned	shareholding as a nominee Party A shall be entitled to all the dividends declared by
the Corporation in respect of such shareholding and Party A shall assume responsibility for
the obligations of the Corporation. Party B is entitled to draw a 	
	 

	
 	
monthly salary from 
the 
Corporation in accordance with its relevant 
regulations. 
	
	
 	
 
	
5.  		
When the law in the People’s Republic of China allows Party A to be registered as
a shareholder of the Corporation Party B must unconditionally transfer the entire 90% shareholding held by Party B as nominee shareholder back to Party A for a price of RMB 1.00 only. 	
	
 	
 
	
6.      		
In the event of Party B having exceeded the ambit of its powers as a nominee and agent hereunder and damaged the lawful rights and interest of Party A in the process Party A shall be empowered to claim damages thereby
occasioned.	
	 
	
7.      		
The signing of this Agreement shall not affect the implementation of the Stock Transfer Agreement signed between Party A and Party B on 24th January, 2007.	
	 
	
8.      		
This Agreement is signed in two duplicate, each party shall be entitled to retain one of the duplicate and this Agreement shall take effect from the date of signing.	
	

 

	
Name of Party A : 
	

 	
 		
Crown Winner International Limited 
	
	
Name of Representative : 
	

 	
 		
Godfrey Hui Chin Tong 
	
	
Signature : /s/ 
		
 		
 
	
	
 
	

 
	
Name of Party B : 
		
 		
  	
 Zhang Lina 
	
	
Signature : /s/ 
	

 	
 		
 
	
	
24th January, 2007Exhibit 10.3

AGREEMENT FOR NOMINEE SHAREHOLDING

(Translation from Document Originally Executed and Delivered in Mandarin, Chinese)

Party A : Crown Winner International Limited

Party B: Zhang Qinxiu, China ID no. 310101194303143627 

WHEREAS Party A and Party B have signed an Stock Transfer Agreement on 24th January, 2007 and Party B being the transferee under such agreement is
now holding a 10% shareholding in Shanghai Quo Advertising Company Limited (hereinafter called “Corporation” ) and in view of the fact that at present a corporate body incorporated in Hong Kong is not allowed to be registered as a
shareholder of a company in Mainland China which is engaged in the advertising business therefore after some negotiation Parties A & B have reached agreement on nominee shareholding as follows:- 

	
4.      		
From the date of transaction as agreed under the Stock Transfer Agreement signed between Parties A & B on 24th January, 2007, the 10%
shareholding of and in the Corporation which is registered under the name of Party B at the Industrial and Commercial Administration Bureau of Shanghai City shall belong to Party A, Party B shall be the nominal shareholder of the above mentioned
shareholding to hold the same as the nominee of Party A until such time when Party A transfer the same to a third party.	
	 
	
5.      		
During the period of time in which Party B is holding the above mentioned shareholding as a nominee Party A shall be entitled to decide on the choice and appointment of every one of the five directors of the Corporation,
Party B being one of those directors. Party A authorizes Party B to act as the statutory representative of the Corporation so as to exercise the powers conferred on the statutory representative and the shareholder of a corporation under the Code of
Company Law of the People’s Republic of China and the Memorandum and Articles of Association of the Corporation. Party B must not damage the lawful rights and interest of Party A when exercising the above mentioned powers.	
	 
	
6.      		
During the period of time in which Party B is holding the above mentioned shareholding as a nominee if Party A would like to transfer the above mentioned shareholding to a third party then Party B must act in its own name
to enable Party A to give effect to such transfer and shall not charge any transfer fee or consideration from the relevant third party.	
	 
	
4.      		
During the period of time in which Party B is holding the above mentioned	shareholding as a nominee Party A shall be entitled to all the dividends declared by 
	the Corporation in respect of such shareholding and Party A shall assume responsibility for the obligations of the Corporation. Party B is entitled to
draw a 	
	 

	
 	
monthly salary from
the Corporation in accordance with its relevant regulations.
	
 	
 
	
5.	
When the law in the People’s Republic of China allows Party A to be registered 
as a shareholder of the Corporation Party B must unconditionally transfer the entire 10% shareholding held by Party B as nominee shareholder back to Party A for a price of RMB 1.00 only. 	
	
 	
 
	
9.      		
In the event of Party B having exceeded the ambit of its powers as a nominee and agent hereunder and damaged the lawful rights and interest of Party A in the process Party A shall be empowered to claim damages thereby
occasioned.	
	 
	
10.      		
The signing of this Agreement shall not affect the implementation of the Stock Transfer Agreement signed between Party A and Party B on 24th January, 2007.	
	 
	
11.      		
This Agreement is signed in two duplicate, each party shall be entitled to retain one of the duplicate and this Agreement shall take effect from the date of signing.	
	

 

	
Name of Party A : 
	

 	
 		
Crown Winner International Limited 
	

 
	
Name of Representative : 

 	
 		
Godfrey Hui Chin Tong 
	

 
	
Signature : /s/ 
	

 	
 		
 
	
	
 
	
	
Name of Party B : 
		
 		
                    Zhang Qinxiu 
	
	
Signature : /s/ 
	

 	
 		
 
	
	
24th January, 2007Exhibit 10.4

LETTER OF GUARANTEE CONCERNING THE OBLIGATION TO COMPENSATE

(Translation from Document Originally Executed and Delivered in Mandarin, Chinese)

Party A : Zhang Lina, China ID Number : 310110197508045828

Party B : Crown Winner International Limited 

WHEREAS Party A and Party B have signed an Agreement for Transfer of Shareholding Rights on  24th January, 2007 in respect of the sale of a 90%
shareholding of and in Shanghai Quo Advertising Company Limited (hereinafter referred to as “Corporation”) by Party A to Party B in this Guarantee. 

AND WHEREAS at present the law in the People’s Republic of China do not allow a corporate body incorporated in Hong Kong to be registered as a shareholder of a company in Mainland China which is engaged in the
advertising business and in view of that Party A and Party B have through negotiation reached agreement on the nominee shareholding of the relevant shares so that although Party A shall remain as the shareholder in name of the above mentioned
shareholding in reality the shareholding should be regarded as the property of Party B from the date of completion of the sale and purchase of the shareholding mentioned above, namely, January 31, 2007 (hereinafter referred to as “Completion
Date”). 

AND WHEREAS Party B is not well conversant or familiar with the business conditions of the Corporation or the tax liabilities of the Corporation under the relevant revenue or tax laws of the People’s Republic of China
(hereinafter referred to as “China”) and in view of that when the parties hereto discussed the terms on which Party B would purchase the above mentioned 90% shareholding of the Corporation mentioned above from Party A, Party A has given
its guarantee to Party B and confirmed that all actions taken by Party A and/or the Corporation on or before Completion Date and all business activities, transactions and operations in which either or both Party A or Corporation was involved on or
before Completion Date would not result in any accounting profit or otherwise in any way constitute the ground for which the Corporation will in future be exposed or subjected to any tax or other form of tax related liability (excluding any tax or
levy which has already been disclosed by Party A to Party B accurately in writing on the signing of the above mentioned Agreement) under the law in China. In the event of any tax or levy or tax related liability existing as mentioned above then
after the payment of the relevant tax or levy by the Corporation Party A must pay Party B a sum in full equivalent to the aggregate amount of such tax or tax liability or 90% of the aggregate worth of the 

Corporation as compensation to Party B. In reliance of the above mentioned guarantee by Party A, Party B has agreed to sign the above mentioned Agreement on the basic assumption and understanding that the above mentioned tax and tax
related liability does not exist. 

NOW PARTY A HEREBY GIVES ITS GUARANTEE TO PARTY B in the manner hereinafter mentioned in respect of the above mentioned matters :- 

	
1.      		
Party A agrees to immediately sign this Letter of Guarantee in view of the fact that Party B has agreed to sign the above mentioned Agreement for Transfer of Shareholding Rights and Party A hereby unreservedly and
irrevocably guarantees to Party B to the fullest extent possible and reiterates its above mentioned guarantee and also confirms its commitment as follows :-	
	 
	 	
If by reason of any action taken by Party A and/or the Corporation on or before Completion Date or of any business activity, transaction or operation on the part of Party A and/or the Corporation on or before Completion
Date the Corporation is exposed or subjected to any tax or levy or tax related liability in the future under the law in China (excluding any tax or levy which has already been disclosed by Party A to Party B accurately in writing on the signing of
the above mentioned Agreement), whether due to an accounting profit existing for the period prior to Completion Date or otherwise due to any other factor, then after the payment of such tax or levy by the Corporation Party A shall immediately and
unconditionally pay a sum of compensation to Party B which is equivalent to the aggregate amount of the tax or tax related liability in question or 90% of the aggregate worth of the Corporation in order to compensate Party B for its losses due to
the assumption that such undisclosed tax or tax related liability does not exist when the above mentioned Agreement for Transfer of Shareholding Rights was signed.	
	 
	
2.      		
Both parties have agreed upon the above mentioned method of computation for the amount of compensation at either the aggregate amount of the relevant tax or tax related liability or 90% of the aggregate worth of the
Corporation after a full consideration being given to consider all relevant factors, Party A shall not in any event dispute the amount of the compensation or the above mentioned method of computation of the compensation on the ground that it does
not reflect the actual extent of loss to be incurred or suffered by Party B in such event.	
	 
	
3.      		
This Letter of Guarantee and all the legal rights and obligations derived or arising from this Letter of Guarantee shall be construed and implemented and given effect to in accordance with the law in the Hong Kong Special
Administration Region. In case of any dispute in this regard the matter shall be referred to a court of law in Hong Kong

for its determination.
	 

IN WITNESS WHEREOF the above mentioned Party A and Party B have respectively signed this Letter of Guarantee as follows :-

 

	
Party A : 
		
 		
Zhang Lina 
	
	
Signature : /s/ 
		
 		
 
	

	
Party B : 
		
 		
 Crown Winner International Limited 
	
	
Name of Representative : 
		
Godfrey Hui Chin Tong 
	
	
Signature : /s/ 
		
 		
 
	

  

Date: 24th January, 2007

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