Document:

Unassociated Document

    
       

      Party
A:Beijing CD
Media Advertisement Co., Ltd (“the Company”)

       

      Add.:
Room2203, Tower A, Orient Mei Di Ya Centre, No.4 Guanghua Road, Chaoyang
District, Beijing

       

      
        
          	
                  Party
      B:   Fu hai ming

                	
                  Date
      of Birth:

                
	ID
      Number:	 
	Add:	 

        

        
          	Postal
      code: 	TEL:  	Mobile
      Phone:

        

      

      

      According
to the Labor Law of PRC and Law of PRC on Employment Contracts, the two Parties
hereby mutually agreed and volunteered to enter into this agreement through
consultation. Upon the signature of Party B of this contract,Party B has
learned the articles of this agreement and the employee handbook of the Company
and becomes the full-time employee of Party A.

      

      1、 Duration
and Probation Period

      

      Article
1 This
agreement shall become effective and shall continue in full force and effect
until December 31, 2010.

      

      2、The Content of the
Work and Work Time

      Article
2 Party B
hereby agrees to serve as the General Manager of Party A. The work place is in
Beijing. Once Party B does not satisfy the requirement of Party A or the
responsibility of his position,Party A may adjust
his post after training. The wages will be adjusted according to Party B’s
position. Party B shall obey Party A’s arrangement and complete the formalities
required. In case Party B rejects Party A’s training, adjustment to his post or
violates the bylaws of Party A after such adjustment, Party B will be considered
in serious violation of the bylaws thereof and Party A may discharge the
employment contract.

      

      Article
3 Party B
shall complete his work timely and meet the requirements and standards according
to legitimate requirement of Party A.

      

      Article
4 Party B
shall abide by the bylaws and employee handbook of Party A.

      

      Article
5 Party B
is arranged to work under a regular working hour system(some positions and the
employees may be subject to an irregular system).Party B shall work for no more
than eight hours a day (not including the lunch time)and no more than 40 hours a
week on the average.

       

      3、Labor Protection,
Working Conditions and Protection from Occupational Diseases

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
6  Party
A must establish and perfect the system for occupational safety and health,
educate Party B on occupational safety and health, prevent accidents in the
process of work, and reduce occupational hazards.

      

      Article
7  Party
A shall provide Party B with necessary working conditions and facilities, lay
down operational processes, working requirements and regulations on safety and
health.

      

      Article
8  Party
B shall have the right to obtain protection of occupational health. Party A
shall establish and perfect the system for occupational health, which shall meet
the standards stipulated by the state, and take measures to protect Party B from
occupational hazards.

      

      4、Remuneration

       

      Article
9  Both
Parties agree that the monthly salary of Party B is RMB 12,000 during the
contract period and Party A will do the payment on a monthly basis. If Party B
makes outstanding contributions or brings great achievements to Party A, Party A
may give Party B necessary moral encouragement, material awards or promotion
bonus.

      

      Article
10   During
this contract, Party A may, based on Party B’s working attitude, performance and
contribution, gradually increase or adjust the compensation of Party B according
to the requirements by the employee handbook and the Company.

      If Party
B is approved during the probation period not to satisfy the performance
assessment required by Party A, Party A may unilaterally terminate this contract
without any responsibilities. In case Party B violates the criminal law and has
his criminal liability in accordance with the law, Party A may dismiss him and
this contract shall be terminated automatically.

       

      5、Social Insurance,
Rest and Vacations

       

      Article
11   Party
A shall pay the social insurance premiums for Party B. In case the two Parties
terminate this contract or this contract ends, Party B shall carry out the
procedures for the transfer of social insurance account. If Party B fails to
procure social insurance due to his failure of submitting relative documents
timely, Party B shall be liable for damages.

      

      Article
12   Party
A shall arrange holidays for Party B for statutory holidays, marriage leave,
maternity leave, bereavement leave and annual vacation. In case Party B suffers
from illness or a work-related injury, his wages and medical treatment shall
follow the Company’s employee handbook and the applicable laws.

       

      6、Labor
Discipline

       

      Article
13   Party
B shall observe Party A’s rules and regulations, which shall be established in
accordance with the law. Party B shall follow the rules of working procedures
and the regulations of employee handbook, take good care of Party A’s property,
observe professional ethics, actively participate in training provided by Party
A, and improve his vocational skill.

      

      Article
14   In
case Party B breaches the rules and regulations of the Company’s employee
handbook and other rules or regulations of Party A, Party A may give punishment
and if in serious case, Party A may dismiss Party B without taking any
responsibilities.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      7、Amendment,
Termination, Ending, Renewal of Employment Contract and Severance
Pay

       

      Article
15   In
case this contract can not be fulfilled as a result of the change of law, rules
and regulations, this contract shall be amended by the two parties.

      

      Article
16   Party
A may terminate this contract without prior notice and severance pay if
:

       

      a) Party B
can not report in for duty in 15 days after the signing of this contract, if
there is no other provisions.

       

      b) Party A
fails to carry out the recruitment procedures and social insurance premiums due
to Party B’s failure to provide his documents needed.

       

      c) the
personal information (including but not limited to resignation certificate with
previous employer, ID copy, permanent residence certificate, education
certificate, working experience)provided by Party B proves to be false; or Party
B has a history of mental illness, infectious diseases and other serious
diseases which have substantial impact on his work; or Party B had been under
reeducation through labor, criminal detention or had his criminal liability
pursued in accordance with the law before the employment, but did not inform
Party A during the recruitment.

       

      d) Party B
materially breaches Party A’s rules and regulations, labor discipline and
employee handbook.

       

      e) Party B
Commits serious dereliction of duty or practices graft, causing damage above RMB
50,000 to Party A.

       

      f)  Party
B is a driver and has the related driving license (pass) for operation suspended
due to his/her own fault, or the license become invalid for over (inclusive) 15
days; or Party B has an traffic accident causing death by vehicle or is held
sub-duty of large traffic accidents causing passenger injury or material damage
of more than 30,000 yuan

       

      g) Part B
is a special worker and works against regulation or causes accident that leads
to  material damage of over 5,000 yuan for his/her own reason, Party A
may terminate the contract without prior notice in addition to the imposition of
economic penalties or disciplines

       

      h) Party
B enter into employment agreement also with other employer at the same time and
causes material losses of Party A that exceeds 5,000 yuan due to its inability
to perform the job assigned by Party A; or Party B rejects to correct this
action after receiving the notice from Party A

       

      i) Party
B is held criminally liable according to the law or re-educated through labour
by public authority

       

      j) Party
B resigns to Party A on his/her own initiative

       

      k) Party
B uses means of cheating, threat or taking advantage of Party A's difficulties
to enter into or changes the contract with Party A who does this against his/her
own will

       

      l) other
situations stipulated in laws and regulations

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
17  Party B can terminate the contract without any prior notice with
Party A under circumstances of the following:

       

      1. Party A
does not provide labour protection or labour conditions according to the
agreement in the labour contract

       

      2. Party A
does not pay the compensation in full and in time

       

      3. The
regulations of Party A are not in compliance with the provisions of the related
laws and regulations and impair the right and interest of Party B

       

      4. Party A
uses means of cheating, threat or taking advantage of Party B's difficulties to
enter into or changes the contract with Party B who does this against his/her
own will

      

      If Party
A forces Party B to work by means of cheating, threat or illegally restriction
of physical freedom, or if Party A does the work guide against the regulations
or forces dangerous work of Party B by jeopardizing his/her physical safety,
Party B may terminate the contract without any prior written notice

      

      Article
18   The contract may be terminated by Party A by giving notice
in written form 30 (thirty) days in advance:

       

      1) Party B
fails ill or is injured to (other than due to work) and after completion of
medical treatment, is not able to perform his previous function or any other
function Party A assigns to him/her

       

      2) Party B
does not show satisfactory performance and after training and adjusting measures
is still not able to perform satisfactorily

       

      3) The
circumstances have materially changed from the date this contract was signed to
the extent that it is impossible to execute the contract provided, however, that
the Parties cannot reach an agreement to amend the contract to reflect the
changed circumstances

      

      Article
19  If Party B terminates this contract (expect that said in article
16) within contract days, he/she should give 30 days' prior notice to Party A
with an written application and after having the written consent of Party A,
Party B can move to the resignation process according to the regulations of
Party A.  If Party B does not notice Party A of his/her resignation 30
days in advance in written form but makes unauthorized absence from job that
causes the economic losses of Party A, Party B should be held responsible for
the compensation to Party A based on the degree of damage in accordance with the
related laws and regulations.

      

      Article
20   If Party A provides special training for Party B, both
Parties should sign a supplemental agreement to fix the service period and the
compensation fine for the breach of contract. If Party B violates the agreement
within the service period, Party B should pay to Party A the penalty fine
according to the agreement. The amount of the penalty fine should not be in
excess of the training expenditures provided by Party A. The penalty fine paid
by Party B to Party A should not exceed the share of the training expenditure
that's not fulfilled during the service period.

      

      Article
21 Party A shall not revoke this labour contract should any one of the following
cases occur with Party B:

      
         

        1) Party
B is engaged in operations exposing him to occupational disease hazards and has
not undergone a pre-departure occupational health check-up, or is suspected of
having contracted an occupational disease and is being diagnosed or under
medical observation

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        

      

      2) Party B
is confirmed to have totally or partially lost his or her labour ability due to
occupational diseases or work-related injuries in the company of Party
A

       

      3) Party B
is receiving treatment for his or her diseases or injuries during the prescribed
period of time

       

      4) Party B
is a female employee and currently is during her pregnancy, puerperal, or
nursing periods

       

      5)  Party
B has been working for Party A for 15 years continuously and is just 5 years
away from the retirement age

      

      Article
22  The labour contract can be revoked under the following
circumstances

       

      1. The
labour contract expires

       

      2. Party B
starts to enjoy the retirement pension according to the law

       

      3. Party B
is dead, pronounced dead or pronounced missing by the people's
court

       

      4. Party A
is declared bankruptcy legally

       

      5. Party A's
business license is revoked; Party A is compelled to close down or dissolve; or
Party A decides to dissolve in advance; or

       

      6. Other
situations stipulated in laws and administrative provisions

       

      8  Commercial
secret and non-competition restriction

      

      Article
23  During the contract period with Party A or within two years of the
termination of labour relationship, Party B is obligated to keep the commercial
secrets of Party A that he/she is exposed to, knows, uses or holds by any means
and should not engage with the same business with other employers that are in
the same industry and have competition relationship with Party A or establish
similar business of his/her own

      

      Article
24  Without the written consent of Party A, Party B has no authority
to disclose, copy, transfer, provide, publish the commercial secret of Party A
to any third party or make the secrets known by the third party by any means.
After the termination of labour relationship with Party A, Party B should
immediately hand over to Party A all the materials, documents, media or carriers
in any other form which contains the commercial secret of Party A that are
exposed to or used, grasped, hold and recorded by Party B; furthermore, Party B
should guarantee he/she will not, in any means, use the commercial secrets of
Party A without any written consent from Party A

      

      Article
25   Both Parties agree that the above-mentioned commercial
secrets are referring to the various information that Party A possesses, uses or
knows and under the protection by measures adopted by Party A, including project
development information,  such as the planning scheme, papers, related
design, pictures, name list of clients, special demands of clients, bid
information, service network that's under development or is being developed
presently and the operation projects and sale projects that are already in
existence or under consideration at present; operation management information,
including all kinds of work planning, operation strategy and policy, equity
ownership status, organization structure, personnel and financial information,
internal business regulations, management system, conclusion and implementation
status of contract, proprietorship and transfer status of various knowledge
property, information about litigation and arbitration and other dispute
settlement status and other information that's under protection measures. The
commercial secrets of Party A are considered as property

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
26  Party B agrees that during the contract relationship period, all
the related jobs he does for Party A, all the rights he achieves, the
already-formed or ready to be formed concepts, all the realized or ready to be
realized innovations, improvements and discoveries no matter they are achieved
during working or other times, or obtained by him/her-self or together with
others are properties of Party A

      

      Article
27  The time within the two years of the termination of labour
contract between Party B and Party A will be deemed as confidentiality and
non-competition period and if Party B breaches the contents about
confidentiality and competition restriction stipulated in Article 23, he/she
should undertake the liability of compensating the losses caused to Party
A

      

      9   Labour
Dispute Settlement

      

      Article
28 Where a labour dispute between the Parties takes place during the performance
of this contract, the Parties concerned may seek for a settlement through
consultation; or either Party may apply to the labour dispute mediation
committee of their unit for mediation; if the mediation fails and one of the
Parties requests for arbitration. Either Party may also directly apply to the
labor dispute arbitration committee for arbitration with 60 days starting from
the date of the occurrence of a labor dispute. If one of the Parties is not
satisfied with the adjudication of arbitration, the Party may bring the case to
a people's court within 15 days of the date of receiving the ruling of
arbitration.

      

      Article
29 Party B should handle appropriately all the matters with the previous
employer (economically or others). Party B should enter into this contract with
Party A on the condition that he/she already terminates the work relationship
with the previous employer; otherwise, this contract will be considered invalid
and Party B should compensate Party A the losses incurred
according.

      

      Article
30  All the regulations and rules of Party A (including but not
limited to the employee handbook, job description, training agreement,
confidentiality agreement and etc) will be taken as the primary appendixes and
have the equal validity.

      

      Article
31 The items that are not covered in this contract or that are not compliant
with the related regulations stipulated by the Beijing city or the country, the
contents of the latter will prevail.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
32  Other things agreed by both Parties

       

      1. The
working time of this post is not fixed

       

      2.  After
the inception of Party B, Party A will provide one-week related training to
Party B (including professional knowledge and skills) and the fee incurred is
RMB 200. Party B agrees to serve Party B for over half a year, otherwise, Party
B shall bear the cost himself

      

      Article
33  This contract is in duplicate copies with each Party holding one
copy and will become effective right after the signatures or chops of both
Parties

       

      
        
          	Party
      A	 	 	Party
      B:	 
	 	 	 	 	 
	
                  /s/
      [illegible signature]

                	 	 	
                  /s/
      Fu Haiming

                	 
	
                   

                	 	 	
                	 
	Legal
      person:	 	 	 	 
	 	 	 	 	 
	
                  January
      1, 2010 

                	 	 	
                  Date:
      January 1, 2010Unassociated Document

    
       

      EMPLOYMENT
AGREEMENT

      

      THIS EMPLOYMENT AGREEMENT (“Agreement”)
is made and entered into by and between China Century Dragon Media, Inc.
(“Company”), a Delaware corporation, and Dapeng Duan (“Employee”), effective on
the date indicated below. (Company and Employee are sometimes referred to herein
as “Party” or collectively as the “Parties.”)

      

      RECITALS

      

      WHEREAS, the Company wishes to employ
Employee and the Employee has agreed to supply his service in the capacity of
Chief Financial Officer with duties encompassing the operations of the Company
and the Company’s subsidiaries, on the terms and conditions set out in this
Agreement.

      

      NOW, THEREFORE, in consideration of the
mutual promises and covenants contained herein, and the continued employment of
Employee by the Company under this Agreement, the Parties agree as
follows:

      

      ARTICLE
1

      

      EMPLOYMENT

      

      Company hereby employs Employee and
Employee hereby accepts employment from Company, effective as of August 3, 2010
(the “Effective Date”). Employee agrees to perform the services and to comply
faithfully with his obligations of employment, under the terms and conditions
specified in this Agreement, and pursuant to the policies and procedures of the
Company that may be issued from time to time.

      

      ARTICLE
2

      

      TERM

      

      Section
2.1                                Initial
Term and Renewal. The initial term of this Agreement shall be for a
period of twelve (12) months commencing on the Effective Date (the “Initial
Term”), unless terminated earlier pursuant to the provisions of Article 5 of
this Agreement. This Agreement shall automatically renew for an additional one
(1) year period of employment on the expiration date of the Initial Term (each,
a “Subsequent Term”), and on each successive anniversary date thereafter (each
such date, an “Expiration Date”), unless either party gives written notice to
the other party at least ninety (90) days prior to any Expiration Date that the
Agreement is not being renewed and shall terminate on that Expiration Date,
unless terminated earlier pursuant to the provisions of Article 5 of this
Agreement. The Initial Term and each successive one year period thereafter
during which Employee shall perform services pursuant to this Agreement shall be
referred to herein as the “Term.”

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      ARTICLE
3

      

      COMPENSATION
AND BENEFITS

      

      Section
3.1                                Base
Salary. For all of the services to be rendered by Employee hereunder,
Company shall pay to Employee an annual base salary of $90,000.00 (“Salary”),
beginning on the Effective Date of this Agreement. The monthly salary should be
paid within 5 days after the employee has provided the service. Any base Salary
payable hereunder shall be paid in accordance with the Company’s regular payroll
practices, as in effect from time to time.

      

      Section
3.2                                Adjustment
to Salary. Employee’s Salary may be changed from time to time by mutual
agreement of the Employee and the Company. Any such agreement shall be evidenced
by a written amendment of this Agreement and signed by both
Parties.

      

      Section
3.3                                Medical
and Dental Benefits. Company shall reimburse Employee for standard
corporate-style healthcare insurance coverage. The healthcare insurance is
included in the annual salary.

      

      Section
3.4                                Company
Paid Holidays. Employee will be eligible for all Company paid holidays
that are provided to employees of the Company.

      

      Section
3.5                                Paid
Leave. Employee shall be entitled to accrue fifteen (15) days of
paid leave (vacation,
sick, and personal) each year. In exercising paid leave, Employee shall take
into consideration his duties and shall take leave at times mutually agreeable
to Employee and the Company.

      

      Section
3.6                                Reimbursement
of Expenses. Employee shall be reimbursed for reasonable travel, hotel,
entertainment, and other business related expenses. All reimbursement of
expenses are subject to the Company’s policies in effect at the time on
pre-approval of certain business expenses and reimbursement procedures. Employee
shall produce satisfactory supporting vouchers, receipts, and other
documentation in connection with such expenses before such reimbursement is made
in accordance with applicable Company policy.

      

      ARTICLE
4

      

      DUTIES
AND RESPONSIBILITIES

      

      Section
4.1                                Duties of
Employee. Employee agrees to serve as Chief Financial Officer, and will
report to the Chief Executive Officer and the Company’s Board of Directors.
Employee shall perform the duties and functions and have the responsibilities
commensurate with such position as may be assigned from time to time. Employee’s
duties as Chief Financial Officer shall encompass the operations of the Company
and the Company’s subsidiaries. Employee shall use his best skills and ability,
consistent with sound business practices, to faithfully and diligently perform
his duties and responsibilities hereunder. Employee shall devote his full
working time and attention to the business of the Company and its related
entities.

       

      During his employment with Company,
Employee shall not (i) engage in any other employment or business opportunity
outside of his employment with the Company that may interfere with his ability
to perform his duties under this Agreement, without the express written
authorization of the Company; or (ii) engage, directly or indirectly, in any
other employment, business, commercial, or professional activity (whether or not
pursued for pecuniary advantage) that is or may be competitive with, or that
might create a conflict of interest with, the business of Company or Company’s
related entities or affiliates.

       

      
        
           

        

        
          - 2
-

          
            

          

        

        
           

        

      

       

      Section
4.2                                Compliance
with Law. Employee agrees to comply with any and all governmental laws,
regulations, and policies in connection with his actions as an employee of the
Company. Employee shall conduct himself in accordance with the highest business
standards as are reasonably and customarily expected of such position. Employee
agrees to fully cooperate and participate in any investigation conducted by the
Company relating to its interests or as may be required by applicable
law.

      

      Section
4.3                                Policies
and Procedures. Employee agrees to abide by all Company policies and
procedures. Company may issue policies, rules, regulations, guidelines,
procedures or other informational material, whether in the form of handbooks,
memoranda, or otherwise, relating to its employees and Employee agrees to comply
with all such policies applicable to Employee.

      

      Section
4.4                                Confidential
Information and Trade Secrets. Employee acknowledges that, as a condition
of his employment hereunder, Employee agrees to execute and abide by the
Company’s confidentiality, non-disclosure, invention assignment, and similar
agreements that are presented to Employee to protect the Company’s trade secret,
proprietary and business interests. Employee hereby acknowledges and agrees that
such agreements shall survive termination of employment and this Agreement and
shall remain in force following such termination regardless of the reason for
the termination.

      

      ARTICLE
5

      

      TERMINATION

      

      Employee’s employment relationship with
the Company will terminate upon the occurrence of one of the following defined
events, which shall effect a termination of this

      Agreement
on the effective date of any such termination of employment (the “Termination
Date”):

      

      Section
5.1                                The
Employee’s Right to Terminate. The Employee may terminate
his obligations under this Agreement during the Term:

      

      (i)           Termination by Employee for
Convenience: at any time upon providing thirty (30) day notice in writing
to the Company; or

      

      (ii)           Good Reason: for
“Good Reason.” “Good Reason” means any of the following, without the Employee’s
written consent: (a) upon a material breach or default of any term of this
Agreement by the Company, or (b) any material reduction in the Employee’s
duties, position, authority or responsibilities with the Company relative to the
duties, position, authority or responsibilities in effect immediately prior to
such reduction; provided that Company has not cured or remedied such Good Reason
within fifteen (15) days after written notice of the Good Reason from the
Employee.

       

      
        
           

        

        
          - 3
-

          
            

          

        

        
           

        

      

       

      Section
5.2                                The
Company’s Right to Terminate for “Cause”. The Company may immediately
terminate the Employee’s employment for “Cause” under this Agreement at any time
during the Term upon the occurrence of any of the following events:

      

      (i)           Employee
commits an act or acts of dishonesty, fraud, embezzlement, or misappropriation
of funds or proprietary information in connection with his employment duties or
responsibilities; or

      

      (ii)           Employee’s
conviction of, or plea of nolo contendere to, a felony or a crime involving
moral turpitude (other than minor traffic violations); or

      

      (iii)           Employee
materially breaches his obligations under this Agreement, including failure to
perform his job duties satisfactorily or failure to follow Company policies or
any directive of the Company, if such failure or refusal is not cured by
Employee within ten (10) days after receiving written notice of such from the
Company; or

      

      (iv)           Employee’s
willful or gross misconduct in connection with his employment
duties.

      

      Section
5.3                                Company’s
Right to Terminate Without Cause. The Company may terminate
the Employee’s employment under this Agreement at any time during the Term at
the discretion of the Company, without Cause, after the Employee has received
thirty (30) days prior written notice from the Company.

      

      Section
5.4                                Death or
Disability. The
Employee’s employment under this Agreement shall also terminate upon the
occurrence of the following:

      

      (i)           the
Employee’s employment under this Agreement shall automatically terminate upon
the occurrence of the death of the Employee during the Term of this Agreement;
or

      

      (ii)
notice of termination from the Company after the Employee has become permanently
disabled, or disabled for a period exceeding 180 consecutive days or 180 days
calculated on a cumulative basis over any one year period during the Term of
this Agreement, such that Employee is no longer able to perform the essential
functions of his job even with reasonable accommodation pursuant to applicable
law.

      

      Section
5.5                                Compensation
Due to the Employee on Termination. In the event of the
termination of the Employee’s employment under this Agreement pursuant to any
provision as set forth above, the Company shall pay to the Employee on the date
of termination only the amount of Salary pursuant to Section 3.1 of this
Agreement that is earned but unpaid as of the date of termination, as well as
any accrued but unused Paid Leave, and any unreimbursed business expenses
incurred as of the termination date pursuant to Section 3.7 of this Agreement,
but Employee shall not be entitled to receive any other payments, compensation
or benefits from the Company under this Agreement, except as expressly set forth
below:

       

      
        
           

        

        
          - 4
-

          
            

          

        

        
           

        

      

       

      (i)           In
the event of the termination of the Employee’s employment under this Agreement
pursuant Section 5.1 (ii) (Good Reason) above, the Company shall pay to the
Employee a severance payment in an amount equal to three (3) months of the
Employee’s annual Salary at the time of termination pursuant to Section 3.1 of
this Agreement, less applicable statutory deductions and withholdings, to be
paid, at the Company’s discretion, in a lump sum or such regular intervals over
the 3 month period as shall be determined by the Company, provided that Employee
signs a standard release of all claims as presented by the Company.

      

      (ii)           In
the event of the termination of the Employee’s employment under this Agreement
pursuant Section 5.3 (Company’s Right to Terminate Without Cause) above, the
Company shall pay to the Employee a severance payment in an amount equal to the
Employee’s annual Salary at the time of termination pursuant to Section 3.1 of
this Agreement for remainder of the Initial Term or any Subsequent Term, as
applicable, less applicable statutory deductions and withholdings, to be paid,
at the Company’s discretion, in a lump sum or such regular intervals over the
period as shall be determined by the Company, provided that Employee signs a
standard release of all claims as presented by the Company.

      

      Section
5.6                                Payment
in Lieu of Notice.
Company reserves the right (but is not obligated) to make a payment in
lieu of any notice of termination of employment which

      Company
or Employee is required to give.

      

      Section
5.7                                Return of
Company Property. Upon the termination of employment for any reason,
Employee shall promptly return to Company any and all equipment or property
owned by Company including, but not limited to, any and all client materials,
copies of documents and photographs, models, prototypes, tools, and supplies, as
well as inventory, records, documents, manuals, reports, customer lists,
operations manuals, and any other written information, records, or books
relating in any manner whatsoever to the business of Company, whether prepared
by Company or otherwise coming into Employee’s possession.

      

      ARTICLE
6

      

      MISCELLANEOUS

      

      Section
6.1                                Notices.
Any notice given under this Agreement shall be sufficient if given in writing
and personally delivered or sent by registered or certified mail, return receipt
requested, postage prepaid, to the Company at its principal place of business or
to Employee at his last known residence address.

      

      Section
6.2                                Governing
Law. This Agreement shall be interpreted, construed, and governed under
and according to the laws of the State of California.

      

      Section
6.3                                Change,
Modification, Waiver. No change or modification of this

      Agreement
shall be valid unless it is in writing and signed by each of the Parties hereto.
No waiver of any provision of this Agreement shall be valid unless it is in
writing and signed by the Party against whom the waiver is sought to be
enforced. The failure of a Party of insist upon strict performance of any
provision of this Agreement in any one or more instances shall not be construed
as a waiver or relinquishment of the right to insist upon strict compliance with
such provision in the future.

       

      
        
           

        

        
          - 5
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      Section
6.4                                Entire
Agreement. This Agreement constitutes the entire, final and complete and
exclusive agreement between the Parties regarding the subject matter hereof and
supersedes all previous agreements or representations, whether written, oral or
implied, with respect to employment by the Company provided, however, the
Employee shall remain bound by any confidentiality, nondisclosure, and invention
assignment agreement(s) previously executed in favor of the Company, to the
extent such ancillary agreements exist. There are no terms, promises,
representations, agreements, or understandings between the Parties relating to
the subject matter of this Agreement, which are not fully expressed
herein.

      

      Section
6.5                                Assignability.
This Agreement is personal in nature, and neither this Agreement nor any part of
any obligation herein shall be assignable by Employee. The Company shall be
entitled to assign this Agreement to any affiliate or successor of the Company
that assumes the ownership or control of the business of the Company, and the
Agreement shall inure to the benefit of any such successor or
assign.

      

      Section
6.6                                Legal
Construction. If any one or more of the provisions contained in this
Agreement shall for any reason be held to be invalid, illegal, or unenforceable
in any respect, such invalidity, illegality, or unenforceability shall not
affect any other provision hereof, and this Agreement shall be construed as if
such invalid, illegal, or unenforceable provision had never been contained
herein. In addition, if any court of competent jurisdiction determines that any
of the provisions set forth herein are unenforceable because of the duration or
geographic scope of such provision, such court shall have the power to reduce
the duration or scope of such provision as the case may be, to the extent
necessary to render such provision enforceable.

      

      Section
6.7                                Paragraph
Headings. The
paragraph headings used in this Agreement are included solely for convenience
and shall not affect or be used in connection with the interpretation of this
Agreement.

      

      Section
6.8                                Legal
Fees and Costs.
Except as otherwise provided herein, in the event that any Party hereto
shall institute any litigation or other proceeding in order to construe or
enforce this Agreement, the prevailing Party therein shall be entitled to
recover its reasonable attorney’s fees and costs incurred in connection
therewith.

      

      Section
6.9                                Interpretation. This Agreement has been
negotiated at arm’s length and between and among parties sophisticated and
knowledgeable in the matters dealt with in this Agreement. Accordingly, none of
the Parties shall be presumptively entitled to have any provisions of the
Agreement construed against any of the other Parties in accordance with any rule
of law, legal decision, or doctrine, such as the doctrine of contra
proferentem, that would require interpretation of any ambiguities in this
Agreement against the party that has drafted it.

       

      
        
           

        

        
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      [SIGNATURES
ON FOLLOWING PAGE]

       

       

       

      
        
           

        

        
          - 7
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      WHEREFORE,
the parties hereto have executed this Agreement on the dates indicated below, to
be effective as of the Effective Date, regardless of the dates actually
signed.

       

      
        
          	Dated:
      July 26, 2010 	CHINA
      CENTURY DRAGON MEDIA, INC.	 
	 	 	 	 
	
                	
                  By:
      

                	/s/ Li
      Huihua	 
	 	Name: 
      	Li
      Huihua	 
	 	Title:
      	Chief Executive Officer	 

        

      

       

       

      
        
          	Dated:
      July 26, 2010    	DAPENG
      DUAN	 
	 	 	 	 
	
                	
                	/s/
      Dapeng Duan	 

        

      

       

    

    
      
        
        

      

      
        - 8
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