Document:

[Reference
      Translation]

    

    

    

    

    

      
        

      

    

     

     

    Cooperation
      Agreement

     

     

    
      
        

      

     

    among

    

    Shandong
      Broadcast & TV Weekly Press

    

    and

    

    Modern
      Movie & TV Biweekly Press

    

    and

    

    Ji’nan
      Zhongkuan Dian Guang Information Technology Co., Ltd

     

     

     

     

    March
      2008

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        

      

       

    

    Table
      of Contents

    

    

      
        	
                Chapters

              	 	
                Pages

              
	 	 	 
	
                Chapter

              	
                 1

              	
                 Definitions
                  and Interpretations

              	
                2

              
	
                Chapter

              	
                 2

              	
                 New
                  Co Establishment

              	
                5

              
	
                Chapter

              	
                 3

              	
                 Inter-Company
                  Relationship

              	
                7

              
	
                Chapter

              	
                 4

              	
                 Representations
                  and Warranties

              	
                9

              
	
                Chapter

              	
                 5

              	
                 Covenants

              	
                11

              
	
                Chapter

              	
                 6

              	
                 Conditions
                  Precedent

              	
                13

              
	
                Chapter

              	
                 7

              	
                 Completion
                  of Cooperation

              	
                14

              
	
                Chapter

              	
                 8

              	
                 Effectiveness
                  and Termination

              	
                15

              
	
                Chapter

              	
                 9

              	
                 Events
                  of Breach

              	
                17

              
	
                Chapter

              	
                 10

              	
                 Force
                  Majeure

              	
                17

              
	
                Chapter

              	
                 11

              	
                 Confidentiality

              	
                18

              
	
                Chapter

              	
                 12

              	
                 Miscellaneous

              	
                19

              

      

    

     

    Schedules

    

    
      	A.	
              List
                of Assets

            

    

     

    
      
        
          	B.	
                  List
                    of The Seconded Staff

                

        

      

    

    

    
      	C.	
              List
                of Governmental Authorizations

            

    

     

     

    
      
        
        

      

      
        -
          1
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    This
      Cooperation
      Agreement (Agreement)
      is
      entered into on this 8th
      day of
      March 2008 in Ji’nan, Shandong Province, People’s Republic of China
      (PRC)

    

    by
      and among 

    

    
      	
              (1)

            	
              Shandong
                Broadcast & TV Weekly Press (Party A),
                a
                PRC legal entity with its registered address at No. 11, Qingnian
                East
                Road, Ji’nan City, Shandong Province, PRC, whose legal representative is
                Liu Huilan, a PRC citizen; and

            

    

     

    
      	
              (2)

            	
              Modern
                Movie & TV Biweekly Press (Party
                B),
                a legal entity established under the laws of the PRC with its registered
                address at No. 7, Qingnian East Road, Ji’nan City, Shandong Province, PRC,
                whose legal representative is Liu Huilan, a PRC citizen;
                and

            

    

    

    
      	
              (3)

            	
              Ji’nan
                Zhongkuan Dian Guang Information Technology Co., Ltd
                (Party
                C),
                a company established under PRC laws with its registered address
                at Suite
                1014, Wenjia Building, No. 1 Qingnian East Raod, Lixia District,
                Ji’nan
                City, Shandong Province, PRC, whose legal representative is Pu
                Yue.

            

    

    

    

    WHEREAS

    

    
      	(1)	
              Party
                A and Party B are engaged in the provision of the Business (as defined
                below) and have obtained the licenses necessary to operate the Business
                in
                the PRC;

            

    

    

    
      	(2)	
              Party
                A and Party B intend to establish a new company (New
                Co)
                which
                will be a joint venture partly owned by
                Party C; and

            

    

    

    
      	(3)	
              The
                parties entered into a letter of intent regarding the aforesaid subject
                matter on 5 December 2007.

            

    

     

    NOW,
      THEREFORE,
      the
      parties hereto agree as follows:

    

    Chapter
      1   Definitions
      and Interpretations

    

    
      	
              1.1

            	
              Definitions

            

    

    

    Unless
      otherwise indicated, the following terms in this Agreement shall have the
      meanings set forth below:

     

    
      
        
        

      

      
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          2
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              Affiliate

            	
              in
                relation to an entity, means another entity:

               

              (1) in
                which the entity holds, directly or indirectly, at least 10% of the
                equity
                interest or voting rights; or

               

              (2) which
                is the entity’s Parent Company or Subsidiary.

            
	 	 
	
              Appraisal

            	
              the
                appraisal of the Assets conducted by a qualified appraisal
                agent;

            
	 	 
	
              Assets

            	
              any
                assets relating to the operation of the Business, as listed in Schedule
                A;

            
	 	 
	
              Business

            	
              the
                business relating to the operations of (1) Shandong Broadcast & TV
                Weekly, View Weekly and Modern Movie & TV Biweekly (Newspapers
                and Periodicals),
                including without limitation the distribution of periodicals, the
                publication of advertising, the organization of public relations
                events,
                the provision of information services, copyright transactions, the
                production of audio and video products, the provision of audio value-added
                communication services;

            
	 	 
	
              Completion of
                

              Cooperation

            	
              the
                date of fulfillment of all of the conditions precedent as listed
                in
                Article 6.1 (unless waived in accordance with Article 6.2.3) which
                shall
                occur no later than 31 March 2008, unless extended in accordance
                with
                Article 6.2.2; 

            
	 	 
	
              Exclusive
                

              Advertising
                

              Agency
                

              Agreement

            	
              shall
                be
                as
                defined in Article 3.1.1;

            
	 	 
	
              Exclusive
                

              Consulting
                

              Service
                

              Agreement

            	
              shall
                be as defined in Article 3.2.1;

            
	 	 
	
              Force
                Majeure

            	
              any
                earthquake, storm, fire, flood, war or other significant event of
                natural
                or human-caused disaster arising after the signing hereof which is
                unavoidable, not possible to overcome, beyond the control of any
                party
                hereto and prevents the total or partial performance of this Agreement
                by
                any party hereto, including any change of any laws or regulations
                and any
                government actions relating to Party A and Party
                B;

            

    

     

    
      
        
        

      

      
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          3
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              Governmental
                

              Authorizations

            	
              shall
                be as defined in Article 4.2.5;

            
	 	 
	
              Parent
                Company

            	
              in
                relation to an entity, another entity of which the entity is a Subsidiary
                (as defined below);

            
	 	 
	
              PRC
                Law

            	
              all
                laws and legislation of the PRC that are in effect, including laws,
                regulations, resolutions, decisions, decrees and orders of government
                agencies and other documents of a legislative, administrative or
                judicial
                nature; 

            
	 	 
	
              RMB

            	
              Renminbi,
                the lawful currency of the PRC;

            
	 	 
	
              Subsidiary

            	
              in
                relation to an entity, another entity in which the entity holds,
                directly
                or indirectly, 50% or more of the entity’s total equity interest or voting
                rights; 

            
	 	 
	
              Tax

            	
              all
                forms of taxation, including enterprise income tax, business tax,
                value-added tax, stamp duty and individual income tax levied by the
                PRC
                tax authorities pursuant to PRC Law, as well as any penalty, surcharge
                or
                fine in connection therewith;

            
	 	 
	
              Trade
                Secret

            	
              any
                information relating to this Agreement or the parties, including
                any
                information regarding costs, technologies, financial contracts, future
                business plans and any other information deemed by the parties to
                be
                confidential, and which is generally
                unknown by the public,
                has never been publicly disclosed,
                has practical value and is of economic benefit to the
                parties;

            
	 	 
	
              Transaction

              Documents

            	
              all
                documents that require signing under PRC Law in order to complete
                the
                transactions contemplated hereunder, including without limitation
                the
                Articles of Association of the New Co, the Exclusive Advertising
                Agency
                Agreement and Exclusive Consulting Service Agreement;

            
	 	 
	
              Staff

              Secondment

            	
              as
                defined in Article 2.4.1.

            

    

     

    
      
        
        

      

      
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      	1.2	
              Interpretations

            

    

    

    All
      headings used herein are for reference purposes only and do not affect the
      meaning or interpretation of any provision hereof. Any reference herein to
      an
      Article, Chapter or Schedule is to an article, chapter or schedule of this
      Agreement. The use of the plural shall include the use of the singular, and
      vice
      versa. Unless otherwise indicated, a reference herein to a day, month or year
      is
      to a calendar day, month or year. A reference to a business day is to a day
      on
      which commercial banks are open for business in the PRC. The term “including”,
      shall mean “including without limitation”.

    

    

    Chapter
      2   New
      Co Establishment

    

    
      	2.1	
              Assets
                Appraisal

            

    

    

    
      	
            	2.1.1	
              As
                soon as practicable after the execution of this Agreement, Party
                A and
                Party B shall hire a qualified appraisal agent reasonably
                approved by Party C
                to
                conduct the Appraisal of the Assets, the expenses of which shall
                be
                reimbursed by the New Co after it is
                established.

            

    

    

    
      	
            	2.1.2	
              The
                parties covenant that such Appraisal shall be completed no later
                than 28
                February 2008.

            

    

    

    
      	
              2.2

            	
              Establishment
                of New Co

            

    

    

    
      	
            	2.2.1	
              As
                soon as practicable after the completion of the Appraisal, Party
                A and
                Party B shall contribute the Assets in a lump sum, as the initial
                contribution to the New Co, in order to establish the New Co jointly
                with
                Party C in Ji’nan, PRC.

            

    

    

    
      	
            	2.2.2	
              The
                registered name of the New Co shall be Shandong Rushi Media Co.,
                Ltd.
                (山东捿瘺传媒有榰狝任公司)].
                The registered capital of the New Co shall be no less than RMB 10
                million.
                Party A and Party B shall use their respective Assets as their
                contribution to the Registered Capital, while Party C shall contribute
                RMB
                10 million in cash as its initial investment as stipulated in Article
                7.2.

            

    

    

    
      	
            	2.2.3	
              The
                contribution of the Assets by Party A and Party B to the New Co’s
                registered capital shall be made in accordance with the appraised
                value of
                the Assets as stated in the Appraisal report or as recognized by
                the
                parties.

            

    

     

    
      
        
        

      

      
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          5
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            	2.2.4	
              The
                parties further agree that the shares in the revenue of the New Co
                shall
                be 30% to Party A, 20% to Party B and 50 % to Party
                C.

            

    

    

    
      	
            	2.2.5	
              The
                New Co’s business scope shall be subject to the standard business scope
                approved by any competent government
                department.

            

    

    

    
      	2.3	
              Governmental
                Approvals

            

    

    

    Party
      A
      and Party B shall be responsible for obtaining any and all prior approvals,
      consents and (or) certificates, and shall undertake any and all
      registrations/filings and
      obtain all permits, registrations, licenses, consents or other
      rights
      necessary for the establishment of the New Co under PRC Law. Party C shall
      actively cooperate in this regard. All costs arising therefrom shall be paid
      in
      advance by the parties in accordance with the percentage of their respective
      contributions to the capital of the New Co and shall then be reimbursed by
      the
      New Co after it is established.

    

    
      	2.4	
              Arrangement
                of Staff Secondment

            

    

    

    
      	
            	2.4.1	
              Party
                A and Party B shall cause the employees subject to their respective
                employment systems to enter into new employment contracts with the
                New Co
                in accordance with the law and shall be responsible for the settlement
                of
                any labor disputes arising prior to the execution of employment contracts
                with the New Co.

            

    

    

    
      	
            	2.4.2	
              Party
                A and Party B shall cause the employees subject to their respective
                staffing systems or not subject to any employment system to retain
                the
                positions authorized under that staffing system and shall second
                such
                employees to work in the New Co.

            

    

    

    
      	
            	2.4.3	
              Party
                A and Party B shall assume responsibility for all rights and obligations
                of the employees subject to their respective employment systems in
                relation to employment relationships accrued prior to the Completion
                of
                Cooperation. Such rights and obligations accrued after the Completion
                of
                Cooperation shall be assumed by the New
                Co.

            

    

    

    
      	2.5	
              Corporate
                Governance

            

    

    

    
      	
            	2.5.1	
              The
                New Co shall establish a board of 4 directors. Party C shall appoint
                2
                directors, while Party A and Party B shall jointly appoint 2
                directors.

            

    

     

    
      
        
        

      

      
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          6
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            	2.5.2	
              The
                Chairman of the New Co’s board of directors shall be jointly appointed by
                Party A and Party B. The general manager and the finance manager
                shall be
                jointly nominated by Party A and Party B and appointed by Party C.
                The
                parties agree that the first Chairman of the New Co’s board of directors
                shall be Liu Huilan.

            

    

    

    
      	
            	2.5.3	
              The
                New Co’s board of directors will review the details of corporate
                governance and may make amendments thereto at any time, if needed,
                after 1
                year from the date of establishment of the New Co.
                

            

    

    

    

    Chapter
      3   Inter-Company
      Relationship

    

    
      	3.1	
              Exclusive
                Advertising Agency Agreement

            

    

    

    
      	
            	3.1.1	
              Execution.
                

            

    

    

    As
      soon
      as practicable after the establishment of the New Co, Party A and Party B shall
      execute an exclusive advertising agency agreement (Exclusive
      Advertising Agency Agreement)
      with
      the New Co. The Exclusive Advertising Agency Agreement shall be effective
      throughout the term of the existence of New Co.

     

    
      
        
        

      

      
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          7
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            	3.1.2	
              Agency
                Scope. 

            

    

    

    
      	
            	3.1.2.1	
              Party
                A and Party B shall retain the New Co as their respective exclusive
                advertising agent. The New Co shall be
                the exclusive provider to
                Party A and Party B of
                advertising agency service in respect of the advertisement operation
                of
                all Newspapers and Periodicals.

            

    

    

    
      	
            	3.1.2.2	
              The
                New Co shall be responsible for the solicitation of advertisements
                for all
                Newspapers and Periodicals, and shall enter into the contracts relating
                to
                the production and publication of such advertisements with the clients
                in
                its own name.

            

    

    

    
      	
            	3.1.2.3	
              Party
                A and Party B shall share their respective resources relating to
                the
                Business exclusively with the New Co.

            

    

    

    
      	3.2	
              Exclusive
                Consulting Service Agreement

            

    

    

    
      	
            	3.2.1	
              Execution.
                

            

    

    

    As
      soon
      as practicable after the establishment of the New Co, Party A and Party B shall
      execute an exclusive consulting service agreement (Exclusive
      Consulting Service Agreement)
      with
      the New Co. The Exclusive Consulting Service Agreement shall be effective
      throughout the term of the existence of New Co.

    

    
      	
            	3.2.2	
              Service
                Scope. 

            

    

    

    
      	
            	3.2.2.1	
              Party
                A and Party B shall retain the New Co as their respective exclusive
                consulting service company. The New Co shall be
                the exclusive provider to
                Party A and Party B of all technical support, management support,
                management service and any other services necessary for the operation
                of
                the Business, in exchange for service
                fees.

            

    

    

    
      	
            	3.2.2.2	
              Party
                A and Party B shall use their best endeavors to cause their Affiliates
                to
                share their respective resources relating to the Business exclusively
                with
                the New Co.

            

    

     

    
      
        
        

      

      
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              3.3

            	
              Fee
                Payment

            

    

    

    All
      the
      pre-Tax revenues (less the relevant turnover tax,
      urban
      maintenance and construction tax, additional education tax and cultural
      construction fee,
      etc.)
      of Party A and Party B generated during the term of the Exclusive Advertising
      Agency Agreement and Exclusive Consulting Service Agreement relating to the
      Business shall be paid by Party A and Party B to the New Co as agency fees
      and
      service fees under the Exclusive Advertising Agency Agreement and Exclusive
      Consulting Service Agreement. Where the parties need to adjust the specific
      finance arrangement for payment of the fees
      as
      provided in this Article 3.3, such as paying the pre-Tax revenues relating
      to
      the Business (less the direct cost) to the New Co, the parties shall actively
      cooperate with the New Co in making the specific payments of fees in accordance
      with the relevant regulations and financial rules. Any taxes arising therefrom
      shall be paid by the New Co.

    

    
      
        	3.4	
                Exclusivity.

              

      

    

    

    
      	
            	3.4.1	
              Neither
                Party A nor Party B shall (and cause their respective Affiliates
                and
                shareholders not to) participate in any substantive discussion or
                negotiation, directly or indirectly, in respect of any arrangement
                or
                service contemplated in this
                Agreement, the
                Exclusive Advertising Agency Agreement and Exclusive Consulting Service
                Agreement.

            

    

    

    
      	
            	3.4.2	
              Where
                Party A, Party B or any of their respective Affiliates or shareholders
                receives a substantive proposal or communication in respect of cooperation
                (relating to any aspect of the Business) from a third party, Party
                A and
                Party B shall notify Party C of the same. Party A and Party B shall
                use
                their best endeavors to cause their respective Affiliates or shareholders
                to comply with the provisions of Article
                3.4.

            

    

     

    Chapter
      4   Representations
      and Warranties

    

    
      	4.1	
              Mutual
                Representations and Warranties

            

    

    

    
      	 	
              Each
                of the Parties represents and warrants
                that:

            

    

    

    
      	
            	4.1.1	
              it
                has all necessary power and authority to execute, deliver and perform
                this
                Agreement and all Transaction Documents to which it is a party to;
                

            

    

    

    
      	
            	4.1.2	
              the
                execution and performance of this Agreement and any Transaction Documents
                to which it is a party have been duly and validly authorized by any
                and
                all necessary corporate actions;
                and

            

    

     

    
      
        
        

      

      
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            	4.1.3	
              the
                execution, delivery and performance of this Agreement or any Transaction
                Documents to which it is a party will not contravene, conflict with,
                or
                result in a violation of any provision of any previous documents,
                contract, agreement, understanding, other legal arrangement, law
                or order
                to which it is subject, and is fully enforceable against the party
                executing hereby or thereby. In the event that such execution, delivery
                and performance conflicts with any such legal arrangement, law or
                order,
                the legal arrangement, law or order shall prevail.
                

            

    

    

    
      	4.2	
              Representations
                and Warranties of Party A and Party
                B

            

    

    

    
      	 	
              Party
                A and Party B further jointly represent and warrant to Party C
                that:

            

    

    

    
      	
            	4.2.1	
              the
                Assets are free of any
                encumbrances;

            

    

    

    
      	
            	4.2.2	
              Except
                for those that have already been disclosed to Party C in writing,
                there is
                no lawsuit, third party claim, order or investigation pending against
                itself relating to the Assets or Business by any third party, court,
                or
                governmental or arbitral body; 

            

    

    

    
      	
            	4.2.3	
              they
                at all times honored in full and in a timely fashion, all agreements
                with
                third parties, including with employees and
                customers;

            

    

    

    
      	
            	4.2.4	
              the
                Assets constitute all of the assets used in or necessary for the
                operation
                of
                the Business; and

            

    

    

    
      	
            	4.2.5	
              all
                consents, approvals, permits ,
                licenses, registrations
                and filings (Governmental
                Authorizations,
                which shall include the items or
                consents, approvals and filings
                listed in Schedule C) required under PRC Law for the due and proper
                operation of the Business and any transaction hereunder, have been
                duly
                obtained from the appropriate authorities and are in full force and
                effect.  

            

    

     

    
      
        
        

      

      
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          10
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      	4.3	
              Representations
                and Warranties of Party C

            

    

    

    Party
      C
      further represents and warrants to Party A and Party B that:

    

    
      	
            	4.3.1	
              it
                is qualified to enter into this Agreement as granted or permitted
                by PRC
                law;

            

    

    

    
      	
            	4.3.2	
              it
                has the capability to independently perform the terms of this
                Agreement;

            

    

    

    
      
        	
              	4.3.3	
                it
                  shall pay the amounts hereunder in accordance with the condition,
                  timetable and manner as stipulated in this
                  Agreement;

              

      

    

    

    
      	
            	4.3.4	
              it
                shall disclose to Party A and Party B any pending litigation, third
                party
                claim, order or investigation, external guarantee and any other procedure
                brought or raised by any third party, court, government or arbitration
                body against Party C or its Affiliate in relation to the Assets or
                the
                Business which may affect the performance of this
                Agreement.

            

    

     

    Chapter
      5   Covenants

    

    
      	5.1	
              Staff
                Secondment Covenants

            

    

    

    The
      New
      Co will engage [Ÿ]
      employees of Party A and Party B, as unanimously agreed among and between the
      parties, to facilitate the operation of the New Co. The names and titles of
      the
      employees are listed in Schedule D and their salaries shall be determined by
      a
      resolution of the New Co’s board. Party A and Party B shall cause such employees
      to work for the New Co in accordance with the provisions of Article 2.4 and
      the
      relevant government policies.

    

    
      	5.2	
              Assets
                / New Co Covenants

            

    

    

    At
      any
      time after the execution of this Agreement and prior to the Completion of
      Cooperation (but no later than 31 March 2008), Party A and Party B undertake
      that they shall not, without the prior written consent of Party C:

    

    
      	
            	5.2.1	
              create
                or permit to arise any lien, encumbrance, pledge, mortgage or any
                security, or other third party right or interest on or in respect
                of any
                of the Assets, or grant or issue, or agree to grant or issue, any
                guarantee thereover;

            

    

    

    
      	
            	5.2.2	
              enter
                into any arrangement which materially affects the performance of
                this
                Agreement.

            

    

     

    
      
        
        

      

      
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      	5.3	
              Transactions
                Covenants 

            

    

    

    For
      the
      smooth performance of this Agreement and in respect of the transactions
      contemplated hereunder, Party A and Party B shall, to
      their
      full extent,
      obtain
      all necessary consents, approvals or authorizations of, or make all necessary
      declarations, filings or registrations with, any governmental authority in
      connection with the execution, delivery and performance of this Agreement and
      any Transaction Documents to which it is a party. Party C shall provide active
      assistance therewith.

    

    
      	5.4	
              Governmental
                Authorizations Covenants 

            

    

    

    
      	
            	5.4.1	
              Party
                A and Party B shall, at their sole expense, ensure that the annual
                inspection and/or renewal of Governmental Authorizations (where
                applicable) are duly and timely made and all Governmental Authorizations
                are maintained in full force and effect throughout the duration of
                the
                Exclusive Cooperation Agreement as described in Article 3.1 and any
                terms
                extended by the parties thereunder.

            

    

    

    
      	
            	5.4.2	
              To
                the extent permitted by PRC Law, Party A and Party B shall immediately,
                and using its best efforts, cause the New Co to obtain the Governmental
                Authorizations required for the operation of the
                Business.

            

    

    

    
      	5.5	
              Business
                Covenants

            

    

    

    Party
      A
      and Party B agree to use their best commercial endeavors to continue the
      operation of the Business until the parties agree otherwise.

    

    
      	5.6	
              Non-Competition

            

    

    

    After
      the
      Completion of Cooperation, Party A and Party B shall not, without first
      obtaining the written approval of Party C, develop any business that competes
      with the New Co, nor shall they employ, recruit or attempt to recruit any of
      the
      Seconded Staff, other than any of such Seconded Staff who are engaged in the
      transactions hereunder.

    

    
      	5.7	
              Indemnification

            

    

    

    Each
      party hereby unconditionally and irrevocably agrees to perpetually indemnify
      the
      other Party and its Affiliates, and hold them harmless from and against, any
      and
      all losses, claims, damages, expenses (including legal expenses) and liabilities
      that any of the other parties and their Affiliates and Subsidiaries may sustain,
      suffer or incur in connection with the Transactions contemplated hereunder
      and
      as a result of any breach of this Agreement or the Transaction
      Documents.

    

    
      
        	5.8	
                Notification

              

      

    

    

    Each
      party shall promptly notify the other parties upon
      becoming
      aware of any event that may show, reveal or cause any of the representations
      or
      warranties to be incorrect, untrue, misleading or breached
      in any
      material respect, or that may have any material adverse effect on the assets
      or
      liabilities of the other parties. 

     

    
      
        
        

      

      
        -
          12
          -

        
          

        

      

      
        
        

      

    

    

    
      
        

      

    Chapter
      6   Conditions
      Precedent

    

    
      	6.1	
              Conditions
                Precedent

            

    

    

    
      	 	
              The
                Completion of Cooperation is subject to the satisfaction of all of
                the
                following conditions precedent:

            

    

    

    
      	
            	6.1.1	
              the
                New Co having been established and all Assets of Party A and Party
                B
                having been contributed on time;

            

    

    

    
      	
            	6.1.2	
              the
                execution and delivery of the Transaction Documents by all the parties
                thereto;

            

    

    

    
      	
            	6.1.3	
              the
                representations and warranties of the parties remaining true and
                accurate
                and having been fully adhered to in all material respects at the
                time of
                Completion of Cooperation;

            

    

    

    
      	
            	6.1.4	
              the
                proper completion of the parties’ covenants under Articles 5.1, 5.2 and
                5.3.

            

    

    

    
      	6.2	
              Satisfaction
                and Waiver of Conditions
                Precedent

            

    

    

    
      	
            	6.2.1	
              Within
                3 business days after the satisfaction of the conditions precedent
                described in Article 6.1, Party
                A and Party B shall notify Party C thereof. Within 3 business days
                after
                the said notification, Party C shall confirm the same in writing
                to Party
                A and Party B. The Completion of Cooperation shall then be arranged
                within
                3 business days after receipt of Party C’s confirmation. 

            

    

    

    
      	
            	6.2.2	
              If
                the conditions precedent set forth in Article 6.1 are not fulfilled
                (or
                waived as provided for in Article 6.2.3) on or before 31 March 2008,
                or
                such later date as the parties may agree, this Agreement (except
                Chapter
                11, Articles 12.3 and 12.4) shall become null and void and be of
                no
                further effect whatsoever and all the obligations and liabilities
                of the
                parties hereunder shall cease and terminate (save for any antecedent
                breaches of this Agreement), and any funds paid hereunder returned,
                other
                than each party’s expenses, each party being responsible for its own
                expenses.

            

    

    

    
      	
            	6.2.3	
              One
                or more of the conditions precedent listed in Article 6.1 may be
                waived by
                Party C at its sole discretion by sending a notice of such waiver
                in
                writing to Party A and Party B.

            

    

    

    
      
        
        

      

      
        -
          13
          -

        
          

        

      

      
        
        

      

    

     

    
      
        

      

       

    

    Chapter
      7   Completion
      of Cooperation

    

    
      	7.1	
              Completion
                of Cooperation

            

    

    

    Subject
      to the conditions precedent having been fulfilled (or waived as provided in
      Article 6.2.3), the Completion of Cooperation shall be held within 3 working
      days after the fulfillment of the conditions precedent at the Beijing offices
      of
      TransAsia Lawyers (Suite 2218, China World Tower 1, No. 1 Jianguomenwai Avenue,
      Beijing, PRC) or at such other location as the parties may agree. 

    

    At
      the
      Completion of Cooperation, to the extent not previously executed and delivered,
      the parties shall execute and deliver the Transaction Documents.

    

    
      	7.2	
              Payment

            

    

    

    Party
      C
      shall pay its contributions to the New Co in accordance with the following
      provisions:

    

    
      	
            	7.2.1	
              Party
                C shall, within 3 working days after the execution of this Agreement
                and
                in any event on or before 31 March 2008, contribute an amount of
                no less
                than RMB 2 million to the New Co’s designated bank
                account;

            

    

    

    
      	
            	7.2.2	
              As
                soon as practicable after the Completion of Cooperation, Party C
                shall pay
                the remaining amount of RMB 8 million; and

            

    

    

    
      	
            	7.2.3	
              Within
                12 months after the Completion of Cooperation, upon the proper fulfillment
                of the obligations of Party A and Party B under Article 2.2 and Article
                5.1 to 5.6 inclusive and other conditions as agreed by the parties,
                Party
                C shall make its second contribution, based on the New Co’s annual
                operational performance during its first fiscal year, in accordance
                with
                the following arrangement (the parties agreeing that such additional
                contribution by Party C shall not affect the revenue-sharing percentage
                set forth in Article 2.2.4):

            

    

     

    
      
        
        

      

      
        -
          14
          -

        
          

        

      

      
        
        

      

    

     

    
      
        

      

       

    

    
      	
            	7.2.3.1	
              where
                the annual net profits generated from the New Co’s operations during the
                first fiscal year after its establishment is confirmed, in accordance
                with
                international accounting standards, by an independent professional
                audit
                institution designated by Party C, to be equal to or more than RMB
                16
                million, Party C shall make a second contribution of RMB 20 million.
                

            

    

    

    
      	
            	7.2.3.2	
              where
                the annual net profits generated from the New Co’s operations during the
                first fiscal year after its establishment is confirmed, in accordance
                with
                international accounting standards, by an independent professional
                audit
                institution designated by Party C, to be equal to or more than RMB
                4
                million, but less than RMB 16 million, Party C shall make a second
                contribution of RMB X, where X equals net profits generated during
                the
                same fiscal year multiplied by 125%.

            

    

    

    
      	
            	7.2.3.3	
              where
                the annual net profits generated from the New Co’s operations during the
                first fiscal year after its establishment is confirmed, in accordance
                with
                international accounting standards, by an independent professional
                audit
                institution designated by Party C, to be less than RMB 4 million,
                Party C
                will make a second contribution of RMB 5 million to the New
                Co.

            

    

    

    

    Chapter
      8   Effectiveness
      and Termination

    

    
      	8.1	
              Effective
                Date

            

    

    

    This
      Agreement shall be effective upon the date of its execution by the parties.
      

    

    
      	8.2	
              Termination

            

    

     

    
      	
            	8.2.1	
              This
                Agreement may be terminated with immediate effect by any party by
                means of
                written notice to all of the other parties under any of the following
                circumstances:

            

    

    

    
      	
            	8.2.1.1	
              where
                the Completion of Cooperation has not occurred on or before 31 March
                2008
                (in no event to be any later than the 3 working days immediately
                prior to
                the 90th day after the date on which the New Co’s business license is
                issued), provided, however, that the right to terminate this Agreement
                shall not be available to any party whose failure to fulfill any
                obligation hereunder shall have been the cause of the failure for
                any
                condition precedent to the Completion of Cooperation to be
                satisfied;

            

    

     

    
      
        
        

      

      
        -
          15
          -

        
          

        

      

      
        
        

      

    

    
       

      
        

      

    

     

    
      	
            	8.2.1.2	
              where
                any other party has committed a breach of this Agreement as described
                in
                Article 9.1, provided, however, that Party C’s failure to perform its
                contribution obligations under Article 7.2.2 as a result of Party
                A or
                Party B’s nonperformance of their respective obligations under Article 3.4
                and Articles 5.1 to 5.6 inclusive and other conditions as agreed
                by the
                parties, shall not constitute any breach on the part of Party C,
                and Party
                C shall have the right to request the termination of this Agreement
                as
                provided for in Article 8.2.2.2;

            

    

    

    
      	
            	8.2.1.3	
              where
                the other party becomes insolvent, if an order is made or resolution
                passed for the administration, winding-up or dissolution of any party
                (otherwise than for the purposes of a solvent corporate reconstruction),
                if an administrative or other receiver, manager, liquidator,
                administrator, trustee or similar officer is appointed over all or
                a
                substantial part of the assets of such other party, or if such other
                party
                enters into or proposes any composition or arrangement with its creditors
                generally analogous to the foregoing;
                or

            

    

    

    
      	
            	8.2.1.4	
              where
                Force Majeure prevails for a period of 30 days or more and has an
                adverse
                material effect
                on
                this Agreement.

            

    

    

    
      	8.3	
              Consequence
                Upon Termination

            

    

    

    
      	 	
              Upon
                termination hereof, this Agreement shall be of no further effect
                and no
                party shall have any right against any of the other parties in connection
                with this Agreement; provided, however, that nothing herein shall
                relieve
                any party of any liability incurred before the termination of this
                Agreement. Upon termination of this Agreement, if the New Co has
                already
                been established, the parties shall dissolve the New Co in accordance
                with
                PRC law.

            

    

    

    
      
        
        

      

      
        -
          16
          -

        
          

        

      

      
        
        

      

    

     

    
      
        

      

       

    

    Chapter
      9   Events
      of Breach

    

    
      	9.1	
              Events
                of Breach

            

    

    

    The
      occurrence of any 1 or more of the following events shall constitute a breach
      of
      this Agreement:

    

    
      	
            	9.1.1	
              any
                party hereto has breached the terms hereof or has failed to perform
                in any
                respect its obligations hereunder, and such breach or nonperformance
                has
                not been remedied for a period of 10 days after receipt of the other
                party’s written notice requesting such remedy;
                and

            

    

    

    
      	
            	9.1.2	
              any
                representation or warranty made by any party hereto shall prove to
                have
                been or become false or misleading in any
                respect.

            

    

    

    
      	9.2	
              Liabilities
                for Breach

            

    

    

    Where
      any
      party hereto commits a breach of this Agreement, it shall be liable to
      compensate the other party for any and all damages caused to it as a result
      of
      the breach. 

     

    Chapter
      10   Force
      Majeure

    

    
      	10.1	
              Consultation

            

    

    

    In
      the
      event of Force Majeure, the parties shall promptly consult with each other
      to
      find a solution to the situation. 

    

    
      	10.2	
              Relief
                from Obligations

            

    

    

    Should
      the occurrence of a Force Majeure result in any party’s failure to perform its
      obligations hereunder in whole or in part, that party may, unless otherwise
      stipulated by law, be exempted from performing those obligations to the extent
      of the effect of the Force Majeure in question.

    

    
      	10.3	
              Suspension
                of Performance

            

    

    

    Subject
      to this Chapter 10, the party affected by Force Majeure may suspend the
      performance of its obligations hereunder to the extent and for the duration
      thereof until the effect of the Force Majeure no longer operates. However,
      that
      Party shall exert its best efforts to remove any impediments resulting from
      the
      Force Majeure and to minimize to the greatest possible extent any damages
      incurred. With the agreement of the parties, the term of this Agreement
      shall be
      extended by the period of such suspension without penalty to any party
      hereto.

     

    
      
        
        

      

      
        -
          17
          -

        
          

        

      

      
        
        

      

    

     

    
      
        

      

       

    

    
      	
              10.4

            	
              Written
                Evidence

            

    

    

    The
      Party
      claiming Force Majeure shall,
      as
      soon as possible after the occurrence of the Force Majeure, inform the other
      Party of the situation and specify the reason for its failure to perform this
      Agreement,
      so as
      to minimize the damages inflicted upon that Party, and shall provide the other
      Party with written evidence, certified by the relevant government authority,
      of
      the occurrence of the Force Majeure.

    

    
      	10.5	
              Non-Exemption

            

    

    

    A
      party
      shall not be exempted from performing its obligations hereunder where Force
      Majeure occurs following the delay by that party to perform such
      obligations.

     

    Chapter
      11   Confidentiality

    

    
      	11.1	
              Non
                Disclosure

            

    

    

    From
      the
      date hereof until 5 years hereafter, no party shall disclose or communicate
      any
      Trade Secret which may be within or may come into its knowledge, except to
      their
      respective employees and the employees of their respective affiliates for the
      sole purpose of implementing the agreements contemplated hereunder or as
      instructed by the other parties.

     

    
      	11.2	
              Breach
                of Obligations

            

    

    

    The
      parties shall take all necessary measures (including the signing of
      confidentiality agreements) to ensure that
      their
      respective directors, employees, agents, contractors, suppliers and advisors
      also comply with the confidentiality obligations set forth in this
      chapter.

    

    
      	11.3	
              Exceptions

            

    

    

    The
      disclosure of a Trade Secret by any party hereto shall not be deemed to be
      in
      breach of this Chapter if any of the following circumstances apply:

    

    
      	
            	11.3.1	
              the
                information is in the
                public domain at the time of disclosure, through no fault of the
                disclosing party;

            

    

     

    
      
        
        

      

      
        -
          18
          -

        
          

        

      

      
        
        

      

    

     

    
      
        

      

       

    

    
      	
            	11.3.2	
              the
                information is
                disclosed pursuant to the prior written agreement of the
                parties;

            

    

    

    
      	
            	11.3.3	
              the
                information is required
                by any government authority or law to which a Party, or its affiliate
                is
                subject; or

            

    

    

    
      	
            	11.3.4	
              the
                information
                is
                provided to any director, agent, contractor, supplier or advisor
                of an
                affiliate in the ordinary course of business pursuant to the prior
                written
                agreement of the parties.

            

    

     

    Chapter
      12   Miscellaneous

    

    
      	12.1	
              Copies

            

    

    

    
      	
            	12.1.1	
              This
                Agreement shall be executed in 3 sets of originals in Chinese language,
                with 1 set of originals for each party to this
                Agreement.

            

    

    

    
      	
            	12.1.2	
              This
                Agreement may be executed in 1 or more counterparts, each of which
                will be
                deemed to be an original copy of this Agreement and all of which,
                when
                taken together, will be deemed to constitute one and the same instrument.
                

            

    

    

    
      	12.2	
              Notice

            

    

    

    
      	 	
              All
                notices and communications among the parties shall be made in writing
                and
                in Chinese languages by facsimile transmission or such other method
                of
                electronic communication as agreed between the parties, delivery
                in person
                (including courier service) or registered airmail letter to the
                appropriate correspondence addresses set forth
                below:

            

    

     

    
      	 If to Party A: 
	 
	 	Address: 	 	No. 11, Qingnian East Road, Ji’nan City,
              Shandong Province, PRC
	 	Telephone: 	 	0531-82626566
	 	Fax: 	 	0531-82956002
	
            	Attention: 	 	Liu Huilan
	 	 	 	 
	 If to Party B:
	 
	 	Address: 	 	No. 7, Qingnian East Road, Ji’nan City,
              Shandong Province, PRC
	 	Telephone: 	 	0531-82626566 
	 	Fax: 	 	0531-82956002
	 	Attention: 	 	Liu Huilan
	 	 	 	 

    

     

    
      
        
        

      

      
        -
          19
          -

        
          

        

      

      
        
        

      

    

    

      
        

      

      
         

        
          	
                   If
                    to Party C: 

                
	 
	 	Address: 	 	Suite 1014, Wenjia Building, No.
                  1 Qingnian
                  East Road, Lixia District, Ji’nan City, Shandong Province,
                  PRC
	 	Telephone: 	 	0531-85597002 
	 	Fax: 	 	0531-85597000
	
                	Attention: 	 	Pu Yue
	 	 	 	 
	 With a Copy to: 
	 
	
                   

                	
                  Address: 

                	 	
                  Hodgson Russ 

                  1540
                    Broadway,
                    24th Floor

                  New
                    York, New York 10036 USA

                
	 	Telephone: 	 	212.751.4300 
	 	Fax: 	 	212.751.0928
	 	Attention: 	 	Ronniel Levy,
                  Esq.

        

      

    

     

    The
      time
      of receipt of the notice or communication shall be deemed to be:

    

    
      	
            	12.2.1	
              if
                by facsimile transmission
                or
                other agreed electronic
                method of communication, at the time displayed in the corresponding
                transmission record, unless such facsimile is sent after 5:00 p.m.
                or on a
                non-business day in the place where it is received, in which case
                the date
                of receipt shall be deemed to be the following business
                day;

            

    

    

    
      	
            	12.2.2	
              if
                in person (including courier service), on the date that the receiving
                party signs for the document; or

            

    

    

    
      	
            	12.2.3	
              if
                by registered mail (including express mail), 7 days after the issuance
                of
                a receipt by the post office.

            

    

    

    
      	12.3	
              Governing
                Law

            

    

    

    
      	 	
              The
                formation of this Agreement, its validity, interpretation, execution
                and
                settlement of disputes hereunder will be governed by PRC
                Law.

            

    

     

    
      
        
        

      

      
        -
          20
          -

        
          

        

      

      
        
        

      

    

     

    
      
        

      

    

     

    
      	12.4	
              Dispute
                Resolution

            

    

    

    
      	
            	12.4.1	
              Where
                any dispute arises out of or in connection with this Agreement, the
                Parties shall attempt in the first instance to resolve such dispute
                through friendly consultation or
                mediation.

            

    

    

    
      	
            	12.4.2	
              Where
                the dispute cannot be resolved in the above manner within 30 days
                after
                the commencement of consultations, any party hereto may submit the
                dispute
                for arbitration:

            

    

    

    
      	
            	12.4.2.1	
              Any
                dispute arising from or in connection with this Agreement shall be
                arbitrated in accordance with Ji’nan Arbitration Commission Rules and by a
                sole arbitrator appointed
                thereunder.

            

    

    

    
      	
            	12.4.2.2	
              Ji’nan
                Arbitration Commission shall be the arbitration body, and the arbitration
                award shall be final and binding on the parties. The allocation of
                responsibility for the arbitration fee shall be determined by the
                sole
                arbitrator.

            

    

    

    
      	
            	12.4.3	
              When
                any dispute is submitted to arbitration, the parties shall continue
                to
                perform their obligations
                hereunder.

            

    

    

    
      	12.5	
              Waiver

            

    

    

    
      	 	
              No
                failure or delay on the part of any party hereto in the exercise
                of any
                right hereunder shall impair such right or be construed to be a waiver
                of
                such right or acquiescence in any breach of any representation, warranty,
                covenant or agreement herein, nor shall any single or partial exercise
                or
                waiver of any such right preclude other or further exercise thereof
                or of
                any other right. 

            

    

    

    
      	12.6	
              Prior
                Agreement

            

    

    

    
      	 	
              This
                Agreement supersedes all prior agreements, whether written or oral,
                between the parties with respect to its subject matter and, along
                with the
                Transaction Documents, constitutes the entire agreement between the
                parties with respect to its subject matter.

            

    

    

    
      	12.7	
              Amendment

            

    

    

    No
      amendment or other modification of this Agreement shall be effective unless
      the
      same shall be in writing and signed by an authorized representative of each
      party hereto, and then such amendment or other modification shall be an integral
      part of, and have the same effectiveness as, this Agreement. 

     

    
      
        
        

      

      
        -
          21
          -

        
          

        

      

      
        
        

      

    

     

    
      
        

      

       

    

    
      	
              12.8

            	
              Assignment

            

    

    

    
      	 	
              No
                party may assign any of its rights and/or obligations hereunder without
                the prior written consent of the other party. Subject to the preceding
                sentence, this Agreement will apply to, be binding in all respects
                upon,
                and inure to the benefit of, the successors, heirs, personal
                representatives, executors and permitted assigns of the
                parties.

            

    

    

    
      	12.9	
              Severability

            

    

    

    
      	 	
              Where
                any provision of this Agreement is subject to dispute or is determined
                by
                a competent court, arbitral body or government organization to be
                invalid
                or unenforceable, the remainder of this Agreement shall continue
                in full
                force and effect.

            

    

    

    
      	12.10	
              Cost
                and Expense

            

    

    

    
      	 	
              Except
                as otherwise expressly set forth herein or in any related documents,
                all
                fees, costs and expenses incurred in connection with the negotiation,
                execution, delivery and performance of this Agreement and the Transaction
                Documents shall be paid by the Party or Parties incurring such fees,
                costs
                or expenses.

            

    

    

    [The
      space below is intentionally left blank.]

     

     

    
      
        
        

      

      
        -
          22
          -

        
          

        

      

      
        
        

      

    

     

    
      
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties hereto have duly executed this Agreement on the date first above
      written.

    

     

    Shandong
      Broadcast & TV Weekly Press

    

    

    

    
      	 By:
              	 
	 Name:	 Liu Huilan
	 Title: 	 Legal Representative
	 Company
              Seal:

    

    

     

     

    Modern
      Movie & TV Biweekly Press

    
 

     

    
      
        	 By:
                	 
	 Name:	 Liu Huilan
	 Title: 	 Legal Representative
	 Company
                Seal:

      

       

       

    

    

    Ji’nan
      Zhongkuan Dian Guang Information Technology Co., Ltd

     

     

     

    
      
        	 By:
                	 
	 Name:	 Pu Yue
	 Title: 	 Legal Representative
	 Company
                Seal:

      

          

      
        
          
          

        

        
          -
            23
            -

          
            

          

        

        
          
          

        

      

    

    

      

    

    Schedule
      A

    

    List
      of Assets

    [PROVIDE]

     

    
      
        
        

      

      
        -
          24
          -

        
          

        

      

      
        
        

      

    

     

    
      
        

      

    

     

    Schedule
      B

    

    List
      of The Seconded Staff

     

     

    
      
        
        

      

      
        -
          25
          -

        
          

        

      

      
        
        

      

    

    
       

      
        

      

    

     

    Schedule
      C

    

    

    List
      of Governmental Authorizations

    

    
      	
              1.

            	
              PRC
                Newspaper Publication License for Shandong Broadcast & TV Weekly:
                Rubachu Number: 0014; National Unified Publication Serial Number:
                CN
                37-0014; 

            

    

    

    
      	
              2.

            	
              PRC
                Magazine Publication License for View Weekly: Ruqichu
                Number:1384;

            

    

    

    
      	
              3.

            	
              PRC
                Magazine Publication License for Modern Movie & TV Biweekly: Ruqichu
                Number:1318;

            

    

    

    
      	
              4.

            	
              Advertising
                License for Shandong Broadcast & TV Weekly:
                3700004000093;

            

    

    

    
      	
              5.

            	
              Advertising
                License for View Weekly: 3700004000186; and

            

    

    

    
      	
              6.

            	
              Advertising
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        -
          26
          -EMPLOYMENT
      AGREEMENT

    

    THIS
      EMPLOYMENT AGREEMENT
      ("Agreement"),
      is
      dated as of March ___, 2008, by and between China Broadband, Inc., a Nevada
      corporation, with an address at 17
      State
      Street, Suite 1610, New York, NY 10004
      (the
      "Company"),
      and
      Marc Urbach, with an address at ______________, ___________________, New York
      ___________(the "Executive").
      

    

    W
      I T N E S S E T H

    

    WHEREAS,
      the
      Company desires to employ the Executive, and the Executive desires to accept
      such employment, on the terms and conditions set forth herein.

    

    NOW,
      THEREFORE,
      in
      consideration of the mutual promises, representations and warranties set forth
      herein, and for other good and valuable consideration, it is hereby agreed
      as
      follows:

    

    1. Employment.
      The
      Company hereby agrees to employ the Executive, and the Executive hereby accepts
      such employment, upon the terms and conditions set forth herein.

    

    2. Term.
      This
      Agreement shall commence on the date hereof (the “Commencement
      Date”)
      and
      terminate on the fourth (4th)
      anniversary thereof, unless sooner terminated as provided in Section 8 of this
      Agreement (the “Employment
      Period”).
      At
      the expiration of the Employment Period, or any prior extensions thereof, the
      Employment Period shall automatically be extended, without any action on the
      part of the Company or the Executive under the then current terms, for
      additional periods of one (1) year, unless the Company or the Executive shall
      have submitted a written notice to the other party, not less than sixty (60)
      days prior to the expiration of the then scheduled Employment Period, stating
      that the Employment Period will not be further extended.

    

    3. Position
      and Duties.

    

    (a) During
      the Employment Period, the Executive shall serve as the President of the Company
      and of China Broadband, Ltd., its wholly owned subsidiary and may hold similar
      positions of other direct or indirect subsidiary entities of the Company, and
      shall have such duties and responsibilities as are consistent with such offices,
      including, but not limited to, responsibilities relating to the assisting of
      preparation of financial statements and records of the Company. The Executive
      shall report directly to the Board of Directors of the Company (the
“Board”).
      

    

    (b) During
      the Employment Period, the Executive shall perform and discharge his duties
      and
      responsibilities well and faithfully and in accordance with the terms and
      conditions of this Agreement, and shall devote his best talents, efforts and
      abilities to the performance of his duties hereunder.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      (c) During
        the Employment Period, and unless modified as provided in Section
        3(d)
        below,
        the Executive shall be a full time employee and shall devote his attention
        and
        energy to performing his duties and responsibilities hereunder and shall
        have no
        other employment and no other material outside business activities
        whatsoever other than his activities for Profile Lamps Inc., and Tri-State
        Trading LLC, which activities exist on the date hereof which activities may
        be
        continued provided that they do not materially interfere with Executive’s
        obligations to the Company; provided,
        however,
        that
        the Executive shall not be precluded from making passive investments or from
        serving in a consulting capacity consistent with his current consulting
        practice, each of which do not require the devotion of any significant time
        or
        effort that would interfere with his responsibilities to the Company and
        its
        subsidiaries. It is also understood and agreed that Executive has other business
        interests and activities which he may continue and that Executive shall not
        have
        an obligation to present all business opportunities, ideas, resources or
        developments to the Company, i.e.,
        such
        opportunities do not directly compete with the Company’s business. The Executive
        warrants, represents and covenants that such other activities will not
        materially interfere or conflict with his obligations herein and that the
        entry
        into this Agreement will not conflict with, result in a breach of or violate
        any
        other employment or consulting arrangement that he is a party to or that
        he will
        become a party to during the term, or violate fiduciary obligations or
        responsibilities to any other entity.

    

    

    (d) In
      the
      event that Executive wishes to reduce his hours and time commitments with the
      Company he may do with no less than 30 calendar days’ notice to the Company
      providing the date of reduction in the time commitment, at which date Executive
      shall remain an employee but his Base Salary and Bonus Salary (each as
      hereinafter defined) shall be reduced to half of the then existing Base Salary
      in effect for Executive. Notwithstanding the foregoing, Executive may not during
      the Employment Period of employ enter into agreements or contracts or business
      arrangements that conflict with his duties for the Company. At such time,
      Executive’s title may also be revised as the discretion of the Board.

    

    4. Compensation. 

    

    (a) Base
      Salary.
      In
      consideration for the Executive's services hereunder, the Company shall pay
      the
      Executive a minimum annual salary (as the same shall be increased from time
      to
      time at the discretion of the Board, the "Base
      Salary")
      of One
      Hundred Twenty Thousand ($120,000.00) Dollars, payable in accordance with the
      customary payroll practices of the Company, but not less frequently than
      monthly. At each annual anniversary of the Commencement Date during the
      Employment Period or any additional period of employment beyond the Employment
      Period, Employee and Employer shall meet and review Employee’s performance and
      shall in good faith discuss an increase in Base Salary taking into
      consideration, among other factors, performance, revenues and profitability
      of
      the Company and comparable market compensation for executives in similar
      positions with comparable companies.

    

    (b) Bonus.
      In
      addition to the Base Salary, the Executive shall be entitled to receive
      discretionary bonuses determined by the Board (or Compensation Committee) at
      times and upon meeting certain performance objectives to be agreed and accepted
      by the Board (or Compensation Committee) in its sole discretion.

    

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    
      (c) Stock
        Option Grants.
        In
        partial consideration for the Executive’s execution of this Agreement, and the
        services to be provided by the Executive to the Company hereunder, the Company
        shall approve the grant to the Executive, effective as of the Execution of
        this Agreement (“Issue
        Date”)
        and to
        be delivered as soon thereafter as possible, pursuant to a stock option plan
        of
        the Company, incentive stock options to purchase 100,000 shares of common
        stock
        of the Company, which shall become exercisable in equal installments of 25%,
        on
        the date of issuance and on each of the three anniversaries following the
        Commencement Date during the Employment Period, subject to continued employment,
        of a duration and at an exercise prices at the fair market value at the time
        of
        issuance (the "Options").
        However, in the event that there is a change of control of the Company as
        defined below (and presuming that the Employment Period has not terminated),
        the
        stock options set forth above shall accelerate and all options shall be
        exercisable immediately. 

    

    

    (d) Withholding.
      All
      payments required to be made by the Company to the Executive under this
      Agreement shall be subject to withholding taxes, social security and other
      payroll deductions in accordance with applicable law and the Company's policies
      applicable to executives of the Company.

    

    5. Benefits.
      During
      the Employment Period, the Company shall provide the Executive with the
      following benefits:

    

    (a) Medical,
      Health and Dental Insurance Benefits.
      In the
      event that Employee is covered under his spouse’s employment benefit plan, the
      Company shall reimburse employee on a monthly basis for all payments made to
      spouse’s employer to continue coverage on her plan. However, in the event
      Employee is not covered or is taken off of spouse’s plan, the Company shall at
      its own expense provide the Executive and his eligible dependents with the
      medical, health and, to the extent offered, dental insurance coverage provided
      by the Company generally to its Executives. Nothing herein shall prevent the
      Company from amending and/or terminating the coverages and/or plans described
      in
      this Section 5(a); provided,
      however,
      that
      such amendment and/or termination is applicable generally to the Executives
      of
      the Company.

    

    (b) 401(k)
      Plan.
      The
      Executive shall have the ability to participate in any Company 401(k) Plan,
      defined benefit or contribution plan or other retirement plan made available
      by
      the Company to its employees, in accordance with the terms and conditions of
      such plan with equal or greater profit sharing and contributions by the Company
      as offered by the Company to employees and executives generally.

    

    (c) Liability
      Insurance.
      The
      Executive shall be included as a covered person under the liability insurance
      coverage generally provided to officers and managers of the Company and shall
      be
      a covered person during the term of his Employment. Notwithstanding the
      foregoing, the Company agrees to indemnify the Executive against all costs,
      damages and expenses, including attorneys' fees, incurred by the Executive
      as a
      result of claims by third parties arising out of or from the Executive's lawful
      acts as an Executive of the Company, provided such acts are not grossly
      negligent and are performed in good faith and in a manner reasonably believed
      by
      the Executive to be in the Company's best interests; and provided,
      further,
      that
      such acts do not relate to any claims relating to or other business activities
      or positions held by the Executive, or conflicts of interest or the Executive
      relating to the same. Any counsel employed to defend the Executive in any such
      action shall be reasonably acceptable to the Executive and the Company. Any
      counsel appointed by any insurance carrier for the Company shall be deemed
      acceptable. It is the intent of the parties that the obligation imposed by
      this
      paragraph will survive the termination of this Agreement.

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    (d) [Omitted.]

    

    (e) Automobile
      Allowance.  During
      the Employment Period, the Company shall reimburse Executive the amount of
      $600
      per month as an allowance for the use of Executive’s automobile, insurance and
      fuel costs.

    

    (f) Other
      Benefits.
      The
      Company shall make available to the Executive any and all other Executive or
      fringe benefits (in accordance with their terms and conditions) which the
      Company may make available to its other Executives.

    

    6. Reimbursement
      of Expenses.
      During
      the Employment Period, the Company shall pay or reimburse the Executive for
      all
      reasonable travel (at business class level for international flights),
      entertainment and other business expenses actually incurred or paid by the
      Executive in the performance of his duties hereunder upon presentation of
      expense statements and/or such other supporting information as the Company
      may
      reasonably require of the Executive.

    

    7. Vacation.
      The
      Executive shall be entitled to no less than two (2) weeks of paid vacation
      during each full calendar year of the Employment Period (and a pro rata portion
      thereof for any portion of the Employment Period that is less than a full
      calendar year); provided,
      however,
      that no
      single vacation may exceed two consecutive weeks in duration and such vacation
      shall be scheduled in a manner that does not conflict with, and will permit
      Executive to devote time for, the preparation and filing of periodic financial
      reports and non-periodic reports or registration statements of the Company
      that
      are required to be filed with the Securities and Exchange Commission. Unused
      vacation may not be carried over to successive years.

    

    8. Termination.
      The
      employment of the Executive hereunder may be terminated prior to the expiration
      of the Employment Period in the manner described in this Section 8.

    

    (a) Termination
      upon Death.
      The
      employment of the Executive hereunder shall terminate immediately upon his
      death.

    

    (b) Termination
      upon Disability.
      The
      Company shall have the right to terminate this Agreement during the continuance
      of any Disability of the Executive, as hereafter defined, upon fifteen (15)
      days’ prior notice to the Executive during the continuance of the
      Disability.

    

    (c) Termination
      by the Company Without Good Cause.
      The
      Company shall have the right to terminate the Executive's employment hereunder
      without Good Cause (as such term is defined herein) by written notice to the
      Executive.

    

    (d) Termination
      by the Company for Good Cause.
      The
      Company shall have the right to terminate the employment of the Executive for
      Good Cause by written notice to the Executive
      specifying the particulars of the circumstances forming the basis for such
      Good
      Cause.

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    

    (e) Voluntary
      Resignation by the Executive.
      The
      Executive shall have the right to voluntarily resign his employment hereunder
      for other than Good Reason (as such term is defined herein) by written notice
      to
      the Company. 
      Additionally, the Executive shall have the right, upon providing the notice
      set
      forth in Section
      3(d)
      above,
      to reduce his time commitments to the Company.

    

    (f) Resignation
      by the Executive for Good Reason.
      The
      Executive shall have the right to terminate his employment for Good Reason
      by
      written notice to the Company specifying the particulars of the circumstances
      forming the basis for such Good Reason.

    

    (g) Termination
      Date.
      The
      "Termination
      Date"
      is the
      date as of which the Executive's employment with the Company terminates. Any
      notice of termination given pursuant to the provisions of this Agreement shall
      specify the Termination Date.

    

    (h) Certain
      Definitions.
      For
      purposes of this Agreement, the following terms shall have the following
      meanings:

    

    (i) "Disability"
      shall
      mean an inability by the Executive to perform a substantial portion of the
      Executive’s duties hereunder by reason of physical or mental incapacity or
      disability for a total of ninety (90) days or more in any consecutive period
      of
      three hundred and sixty five (365) days, as determined by the Board in its
      good
      faith judgment. 

    

    (ii) "Good
      Cause"
      as used
      herein, shall mean (A) the commission of a felony, or a crime involving moral
      turpitude, or the commission of any other act or omission involving dishonesty,
      disloyalty, or fraud with respect to the Company; (B) conduct tending to bring
      the Company or any of its affiliates into substantial public disgrace or
      disrepute; (C) substantial and repeated failure to perform duties as reasonably
      directed by the Board; (D) negligence or willful misconduct with respect to
      the
      Company or any of its affiliates; or (E) any material misrepresentation by
      the
      Executive under this Agreement; provided,
      however,
      that
      such Good Cause shall not exist unless the Company shall first have provided
      the
      Executive with written notice specifying in reasonable detail the factors
      constituting such Good Cause, as applicable, and such factors shall not have
      been cured by the Executive within thirty (30) days after such notice or such
      longer period as may reasonably be necessary to accomplish the
      cure.

    

    (iii) "Good
      Reason"
      means
      the occurrence of any of the following events:

    

    (A) the
      assignment to the Executive of any duties inconsistent in any material respect
      with the Executive's then position (including status, offices, titles and
      reporting relationships), authority, duties or responsibilities, or any other
      action or actions by the Company which when taken as a whole results in a
      significant diminution in the Executive's position, authority, duties or
      responsibilities, excluding for this purpose any isolated, immaterial and
      inadvertent action not taken in bad faith and which is remedied by the Company
      promptly after receipt of notice thereof given by the
      Executive;

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    

    (B) a
      material breach by the Company of one or more provisions of this Agreement,
      provided that such Good Reason shall not exist unless the Executive shall first
      have provided the Company with written notice specifying in reasonable detail
      the factors constituting such material breach and such material breach shall
      not
      have been cured by the Company within thirty (30) days after such notice or
      such
      longer period as may reasonably be necessary to accomplish the
      cure;

    

    (C) any
      purported termination by the Company of the Executive's employment otherwise
      than as expressly permitted by this Agreement. 

     

    9. Obligations
      of Company on Termination.
      Notwithstanding anything in this Agreement to the contrary, the Company's
      obligations on termination of the Executive's employment shall be as described
      in this Section 9.

    

    (a) Obligations
      of the Company in the Case of Termination Without Good Cause or Resignation
      by
      the Executive for Good Reason.
      In the
      event that prior to the expiration of the Employment Period, the Company
      terminates the Executive's employment, pursuant to Section 8(c), without Good
      Cause, or the Executive resigns, pursuant to Section 8(f), for Good Reason,
      the
      Company shall provide the Executive with the following:

    

    (i) Severance
      Payments.
      The
      Company shall pay the Executive at
      the rate(s) which would otherwise have been in effect pursuant to Section 4
      above:

    

    A) the
      Base
      Salary otherwise payable to the Executive for a period of two (2)
      months;

    

    (B) any
      Base
      Salary, bonuses, vacation and unreimbursed expenses accrued but unpaid as of
      the
      Termination Date; and

    

    (C) all
      stock
      options granted by the Company to the Executive pursuant to this agreement,
      shall become vested, accelerate and become immediately exercisable, at the
      stated exercise price, with the number of shares and exercise price adjusted
      for
      any stock splits and capital reorganizations that occur subsequent to the
      Commencement Date. 

    

    (ii) Medical
      and Health Insurance.
      The
      Company shall, at its sole expense, provide the Executive (and his dependents)
      with coverage under (and in accordance with the terms and conditions of) the
      Company's medical, health, disability and dental insurance plans, as in effect
      from time to time, for the period of three (3) months; provided,
      however,
      that to
      the extent such coverage may be unavailable under such medical, health,
      disability and dental insurance plans due to restrictions imposed by the
      insurer(s) under such plans, the Company shall take such action as may be
      required to provide equivalent benefits from other sources.

    

    (b) Obligations
      of the Company in case of Termination for Death, Disability, Voluntary
      Resignation or Good Cause.
      Upon
      termination of the Executive's employment upon his death (pursuant to Section
      8(a)), as a result of his Disability (pursuant to Section 8(b), for Good
      Cause (pursuant to Section 8(d)), or as a result of the voluntary resignation
      of
      the Executive (pursuant to Section 8(e)), the Company shall have no payment
      or
      other obligations hereunder to the Executive, except for the payment of any
      Base
      Salary, bonuses, benefits or unreimbursed expenses accrued but unpaid as of
      the
      date of such termination.

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    

    10. Covenants
      of the Executive.

    

    (a) Confidentiality.

    

    (i) The
      Executive recognizes that the Executive’s position with the Company is one of
      trust and confidence. The Executive acknowledges that, the Company has devoted
      substantial time and effort and resources to developing the Company's business
      and clients, and that during the course of the Executive’s employment with the
      Company, the Executive will necessarily become acquainted with confidential
      information relating to the clients or potential clients (including names,
      addresses and telephone numbers) of the Company, and the Company's investments
      or potential investments in and/or financings and/or potential financings to
      be
      provided to these clients or potential clients, and trade secrets, processes,
      methods of operation and other information, which the Company regards as
      confidential and in the nature of trade secrets (collectively, "Confidential
      Information").
      The
      Executive acknowledges and agrees that the Confidential Information is of
      incalculable value to the Company and that the Company would suffer damage
      if
      any of the Confidential Information was improperly disclosed.

    

    (ii) The
      Executive recognizes that because of the opportunities and support so provided
      to the Executive and because of Executive's access to the Company's Confidential
      Information, Executive would be in a unique position to divert business from
      the
      Company and to commit irreparable damage to the Company were Executive to be
      allowed to divulge any of the Confidential Information.

    

    (iii) The
      Executive covenants and agrees that the Executive will not, at any time during
      or after the termination of the Executive’s relationship with the Company,
      regardless of whether termination is initiated by either Executive or the
      Company, reveal, divulge, or make known to any person, firm or corporation,
      any
      Confidential Information made known to the Executive or of which the Executive
      has become aware, regardless of whether developed, prepared, devised or
      otherwise created in whole or in part by the efforts of the Executive, except
      and to the extent that such disclosure is necessary to carry out the Executive’s
      duties for the Company. The Executive further covenants and agrees that the
      Executive shall retain all Confidential Information in trust for the sole
      benefit of the Company, and will not divulge or deliver or show any Confidential
      Information to any unauthorized person including, without limitation, any other
      employer of the Executive, and the Executive will not make use thereof in an
      independent business related to the business of the Company; provided,
      however,
      that
      the Executive has no obligation, express or implied, to refrain from using
      or
      disclosing to others any such knowledge or information which is or hereafter
      shall become available to the public other than through disclosure by the
      Executive; and provided,
      further,
      that
      the Executive may continue his involvement with other business or ventures
      that
      do not interfere with or conflict with his duties for the
      Company.

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    

    (iv) The
      Executive agrees that, upon termination of the Executive’s employment with the
      Company, for any reason whatsoever, or for no reason, and at any time, the
      Executive shall return to the Company all papers, documents and other property
      of the Company placed in the Executive’s custody or obtained by the Executive
      during the course of the Executive’s employment which relate to Confidential
      Information, and the Executive will not retain copies of any such papers,
      documents or other property for any purpose whatsoever.

    

    (b) Non-Competition.
      The
      Company is a China based broadband cable internet company (the
      "Business").
      Executive acknowledges that during his employment with the Company he will
      become familiar with trade secrets and other information relating to the Company
      and its Business, and that his services have been and will be of special, unique
      and extraordinary value to the Company. Therefore, Executive agrees that, during
      the Employment Period, and for four (4) months thereafter (collectively, the
      "Non-Compete
      Period"),
      he
      will not directly or indirectly own, manage, control, participate in, consult
      with, render services for, or in any other manner engage in any business, or
      as
      an investor in or lender to any business (in each case including, without
      limitation, on his own behalf or on behalf of another entity, except for banks
      or other financial institutions not owned by Executive) which competes either
      directly or indirectly with the Company in the Business, in any market in which
      the Company is operating, or is reasonably likely to be operating at any given
      point in time during the Employment Period, or as of the end of the Employment
      Period if the Employment Period has ended. Nothing in this Section 10(b) will
      be
      deemed to prohibit the Executive from being a passive owner of less than 5%
      of
      the outstanding stock of a corporation engaged in a competing business as
      described above of any class which is publicly traded, so long as Executive
      has
      no direct or indirect participation in the business of such
      corporation.

     

    (c) Non-Solicitation
      of Business.
      Executive will not, during the Employment Period, or at any time within the
      six
      (6) month period immediately following his termination from employment,
      regardless of whether termination is initiated by Executive or by the Company,
      for any reason, solicit or assist any other person to solicit, whether directly
      or indirectly, any business (other than for the Company) from any entity: (i)
      into which the Company has invested; (ii) for which the Company has provided
      financing; (iii) for which the Company has been engaged to provide any kind
      of
      services, including but not limited to, advisory services and providing
      financial analyses; (iv) that has either invested in, or participated in a
      financing for, a client of the Company; or (v) that has either been solicited
      by
      the Company to invest in, or participate in a financing for, a client of the
      Company. 

    

    (d) Non-Solicitation
      of Employees and Independent Contractors.
      Executive will not, during the Employment Period, or at any time following
      his
      termination from employment, regardless of whether termination is initiated
      by
      Executive or by the Company, for any reason, directly or indirectly (i) induce
      or attempt to induce any employee or full-time independent contractor of the
      Company to leave the employ or contractual relationship with the Company, or
      in
      any way interfere with the relationship between the Company and any employee
      or
      full-time independent contractor thereof, (ii) solicit for employment or as
      an
      independent contractor any person who was an employee or full-time independent
      contractor of the Company at any time during the Employment Period, or (iii)
      induce or attempt to induce any customer, supplier or other business relation
      of
      the Company to cease doing business with the Company or in any way interfere
      with the relationship between any such customer, supplier or other business
      relation and the Company. 

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    (e) Work
      Product.
      The
      Executive agrees that all innovations, inventions, improvements, developments,
      methods, designs, analyses, drawings, reports, and all similar or related
      information which relate to the Company’s Business, or any business which the
      Company has taken significant action to pursue, and which are conceived,
      developed or made by the Executive during the Employment Period (any of the
      foregoing, hereinafter "Work
      Product"),
      belong to the Company. The Executive will promptly disclose all such Work
      Product to the Board and perform all actions reasonably requested by the Board
      (whether during or after the Employment Period) to establish and confirm such
      ownership (including, without limitation, assignments, consents, powers of
      attorney and other instruments). The Company specifically disclaims any
      ownership or rights to businesses or opportunities relating to businesses set
      forth in Section
      3(d),
      or
      other similar or dissimilar businesses that are disclosed to the Board and
      which
      do not compete with the Company’s Business.

    

    (f) No
      Conflict.
      The
      Executive represents and warrants to the Company that the Executive is not,
      and
      covenants that during the term will not be, a party to or bound by any
      employment agreement, noncompete agreement, shareholder or similar agreement
      or
      confidentiality agreement with any other person or entity or any other agreement
      which would prevent or limit his ability to enter into this Agreement or perform
      his obligations hereunder, or result in a breach of his fiduciary duties to
      the
      Company or such other entity.

    

    (g) Enforcement.
      

    

    (i) The
      Executive acknowledges that the Company will suffer substantial and irreparable
      damages not readily ascertainable or compensable in terms of money in the event
      of the breach of any of the Executive’s obligations under Sections 10(a) through
      (e) hereof. The Executive therefore agrees that the provisions of Sections
      10(a)
      through (e) shall be construed as an agreement independent of the other
      provisions of this Agreement and any other agreement and that the Company,
      in
      addition to any other remedies (including damages) provided by law, shall have
      the right and remedy to have such provisions specifically enforced by any court
      having equity jurisdiction thereof. Accordingly, in addition to all of the
      Company's rights and remedies under this Agreement, including but not limited
      to, the right to the recovery of monetary damages from the Executive, the
      Company shall be entitled, and the Executive hereby consents, to the issuance
      by
      any court of competent jurisdiction of temporary, preliminary and permanent
      injunctions, without bond, enjoining any such breach or threatened breach by
      the
      Executive. The Executive's sole remedy in the event of any injunction or order
      shall be dissolution thereof, if warranted, upon duly held hearing in a court
      of
      competent jurisdiction. The Executive hereby waives all claims for damages
      for
      wrongful issuance of any such injunction.

    

    The
      rights and remedies set forth in this Section 10(f) shall be in addition to,
      and
      not in lieu of, any other rights and remedies available to the Company under
      law
      or equity.

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    (ii) If
      at any
      time any of the provisions of this Section 10 shall be determined to be invalid
      or unenforceable, by reason of being vague or unreasonable as to area, duration
      or scope of activity, this Section 10 shall be considered divisible and shall
      become and be immediately amended to only such area, duration and scope of
      activity as shall be determined to be reasonable and enforceable by the court
      or
      other body having jurisdiction over the matter, and the Executive agrees that
      this Section 10, as so amended, shall be valid and binding as though any invalid
      or unenforceable provision had not been included herein.

    

    (iii) The
      Executive agrees to cooperate with the Company, during the Employment Period
      and
      thereafter (including following the Executive’s termination of employment for
      any reason), by making himself reasonably available to testify on behalf of
      the
      Company or any of its affiliates in any action, suit, or proceeding, whether
      civil, criminal, administrative, or investigative, and to assist the Company,
      or
      any affiliate, in any such action, suit, or proceeding, by providing information
      and meeting and consulting with the Company’s Board or its representatives or
      counsel, or representatives or counsel to the Company, or any affiliate as
      reasonably requested; provided,
      however,
      that
      the same does not materially interfere with his then current professional
      activities and is not contrary to the best interests of the Executive. The
      Company agrees to reimburse the Executive, on an after-tax basis, for all
      expenses and loss of income actually incurred in connection with his provision
      of testimony or assistance. 

    

    11. Indemnification.
      The
      Company hereby agrees to indemnify and hold harmless the executive to the full
      extent permitted by the Nevada Revised Statutes and other relevant statutes
      conditioned on Executive’s faithful fulfillment of its duties herein. The
      Company agrees to advance to the Executive, as and when incurred by the
      Executive, all costs and expenses arising from any claim as to which the Company
      is providing indemnification hereunder.

    

    12. Insurance.
      The
      Company may, for its own benefit, in it sole discretion, maintain “key-man” life
      and disability insurance policies covering the Executive. The Executive shall
      cooperate with the Company and provide such information or other assistance
      as
      the Company may reasonably request in connection with the Company’s obtaining
      and maintaining such policies.

    

    13. Severability.
      Should
      any provision of this Agreement be held, by a court of competent jurisdiction,
      to be invalid or unenforceable, such invalidity or unenforceability shall not
      render the entire Agreement invalid or unenforceable, and this Agreement and
      each other provision hereof shall be enforceable and valid to the fullest extent
      permitted by law.

    

    14. Successors
      and Assigns.

    

    (a) This
      Agreement and all rights under this Agreement are personal to the Executive
      and
      shall not be assignable other than by will or the laws of descent. All of the
      Executive's rights under the Agreement shall inure to the benefit of his heirs,
      personal representatives, designees or other legal representatives, as the
      case
      may be.

    

    (b) This
      Agreement shall inure to the benefit of and be binding upon the Company and
      its
      successors and assigns. Any entity succeeding to the business of the Company
      by
      merger, purchase, consolidation or otherwise shall assume by contract or
      operation of law the obligations of the Company under this
      Agreement.

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    15. Governing
      Law.
      This
      Agreement shall be construed in accordance with and governed by the laws of
      the
      State of New York, without regard to the conflicts of laws rules thereof.

    

    16. Arbitration.
      Any
      controversy or claim arising out of or relating to this Agreement or the breach
      hereof shall be settled by Arbitration in New York County, New York, by and
      in
      accordance with the Commercial Rules of the American Arbitration Association
      then in effect in accordance with the laws of the State of New York, and the
      judgment upon any award rendered by the arbitrator or arbitrators may be entered
      in any court having competent jurisdiction thereof. The award of the Arbitrator
      shall be final, non-appealable and binding upon the parties hereto and their
      respective successors and permitted assigns. The prevailing party shall be
      entitled to reimbursement of reasonable attorney fees and costs.

    

    17. Notices.
      All
      notices, requests and demands given to or made upon the respective parties
      hereto shall be deemed to have been given or made three business days after
      the
      date of mailing when mailed by registered or certified mail, postage prepaid,
      or
      on the date of delivery if delivered by hand, or one business day after the
      date
      of delivery by Federal Express, certified mail, or other reputable overnight
      delivery service, addressed to the parties at their addresses first set forth
      above, or to such other addresses furnished by notice given in accordance with
      this Section 17, with a copy to:

    

    If
      on
      behalf of the Company:

    

    Hodgson
      Russ LLP

    1540
      Broadway, 24th
      Floor

    New
      York,
      NY 10036

    Fax:
      646-943-7078

    Attn:
      Ronniel Levy, Esq.

    

    If
      on
      behalf of the Executive:

    

    Sandor
      D.
      Krauss, Esq.

    1040
      Avenue of the Americas, Suite 1101

    New
      York,
      New York 
      10018

    Fax:
      212-656-1543

    

    18. Complete
      Understanding.
      Except
      as expressly provided below, this Agreement supersedes any prior contracts,
      understandings, discussions and agreements relating to employment between the
      Executive and the Company and constitutes the complete understanding between
      the
      parties with respect to the subject matter hereof. No statement, representation,
      warranty or covenant has been made by either party with respect to the subject
      matter hereof except as expressly set forth herein.

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

    

    19. Modification;
      Waiver.

    

    (a) This
      Agreement may be amended or waived if, and only if, such amendment or waiver
      is
      in writing and signed, in the case of an amendment, by the Company and the
      Executive or in the case of a waiver, by the party against whom the waiver
      is to
      be effective. Any such waiver shall be effective only to the extent specifically
      set forth in such writing.

    

    (b) No
      failure or delay by any party in exercising any right, power or privilege
      hereunder shall operate as a waiver thereof, nor shall any single or partial
      exercise thereof preclude any other or further exercise thereof or the exercise
      of any other right, power or privilege. 

    

    20. Headings
      and Word Meanings.
      Headings
      and titles in this Agreement are for convenience of reference only and shall
      not
      control the construction or interpretation of any provisions hereof. The words
      “herein,” “hereof,” “hereunder” and words of similar import, when used anywhere
      in this Agreement, refer to this Agreement as a whole and not merely to a
      subdivision in which such words appear, unless the context otherwise requires.
      The singular shall include the plural unless the context otherwise requires.
       

    

    21. Counterparts.
      This
      Agreement may be signed in any number of counterparts, each of which shall
      be an
      original, with the same effect as if the signatures thereto and hereto were
      upon
      the same instrument. This Agreement shall become effective when each party
      hereto shall have received counterparts hereof signed by the other party
      hereto.

    

    22. No
      Strict Construction.
      The
      parties hereto have participated jointly in the negotiation and drafting of
      this
      Agreement. In the event an ambiguity or question of intent or interpretation
      arises, this Agreement shall be construed as if drafted jointly by the parties
      hereto, and no presumption or burden of proof shall arise favoring or
      disfavoring any party by virtue of the authorship of any of the provisions
      of
      this Agreement.

    

    

    [THE
      REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY]

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      Company has caused this Agreement to be duly executed in its corporate name
      by
      one of its officers duly authorized to enter into and execute this Agreement,
      and the Executive has manually signed his
      name hereto, all as of the day and year first
      above written.

    
 

    
      	 	 	CHINA
              BROADBAND, INC. 
	 	 	 
	 	 	 
	 	 	By:	 
	
              
Witness	 	
              
                

              

              Name:

              Its:

            
	 	 	 	 
	 	 	 	 

      	 	 	EXECUTIVE:
	 	 	 	 
	 	 	 	 
	
              
Witness	 	
              
Marc
              Urbach

    

    
       

       

      
        
          
          

        

        
          -13-

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