Document:

English translation of Employees & Business Transfer Agreement dated May 8,2008

 Exhibit 10.13 
 Sichuan Time Share Advertising & Communication Co., Ltd. 
 Chengdu Zhengyang Advertising
Co., Ltd. 
 And 
 Min Yang, Fengying Wu, Zhixun Dai 
 Employees and Business Transfer Agreement 
 May 8, 2007 

 This Employees and Business Transfer Agreement (hereinafter “Agreement” ) is entered into among the following
parties on May 8, 2007: 
 Transfer : Chengdu Zhengyang Advertising Co., Ltd. (hereinafter “Party A”) 
 Address : Room 3-19-9 Changfu Garden, 2 Shangnan Street, Chengdu 
 Legal
Representative: Fengying Wu 
 Transferee : Sichuan Time Share Advertising & Communication Co., Ltd. (hereinafter “Party B”) 

Address: Guixi Industrial Park, High-Tech District, Chengdu 
 Legal
Representative: Jilun He 
 Shareholders (collectively hereinafter “Party C”) : 
 Min Yang 
 ID Number : 510102196110100690 
 Address: Room 402, 18 Dongyu Heyan Street, Qingyang District, Chengdu 
 Fengying Wu 
 ID Number : 511121631209038 
 Address: Group 8, Star Village Zhongxiang Town
Renshou County Sichuan 
 Province 
 Shixun Dai 
 ID Number : 511121196408200379 
 Address: Group 8, Star Village Zhongxiang
Town Renshou County Sichuan 
 Province 
 Hereinafter, Party A, B and C shall be individually referred to as “A Party”, and collectively as “All Parties”, Party B and Party C shall be collectively referred to as “ Both Parties”. 

 WHEREAS: 
  

	1.	Party A is a company of limited liability incorporated in accordance with the PRC laws, with independent legal qualifications, engaging in the business of outdoor advertising
distribution and commission. 

  

	2.	Party B is a company of limited liability incorporated in accordance with the PRC laws, with independent legal qualifications, engaging in the business of outdoor advertising
distribution and commission. 

  

	3.	Party A agrees to transfer the business operated and the workforce it employed to Party B pursuant to this Agreement. Party B agrees to accept Party A’s business and workforce
and pays a corresponding consideration in accordance with the Agreement. 

  

	4.	Party C are shareholders of Party A, in which, Fengying Wu, Min Yang and Shixun Dai each holds a 35%, 30% and 35% equity interest in Party A, respectively. 

THEREFORE, based on the contractual undertakings and understandings of each parties, all Parties hereby agree as follows: 
  

	1.	Definitions 

  

	 	1.1.	Unless otherwise defined, the following definitions shall apply: 

  

	 	1.1.1.	Employees: The employees hired by Party A pursuant to related laws as of April 1, 2008. 

  

	 	1.1.2.	Transferred Business: The media resource business and advertising distribution business of Party A, including but not limited to all business listed in Annex 1 of the Agreement.

  

	 	1.1.3.	Assets Transfer: The action of Party A transferring employees and advertising business to Party B, and the action of Party B accepting the transferred employees and advertising
business. 

  

	 	1.1.4.	Consideration of Transfer: The payment made pursuant to Article 3 of the Agreement for the transfer of the employees and assets of Party A. 

  

	 	1.1.5.	Closing Date: The date when Party A transfers the transferred employees and advertising business to the transferee, which date is April 1, 2008 or any date that Both Parties
agree to in writing. 

  

	 	1.1.6.	Interval Date: The date between the Effective Date and Closing Date. 

  

	 	1.1.7.	Working Day: Any date other than Saturday, Sunday, an official holiday of the PRC or any date that the authorized banks are temporally closed in the PRC. 

 

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	 	1.1.8.	Execution Date: The date all parties sign the Agreement. 

  

	 	1.1.9.	Effective Date: The Execution Date of the Agreement. 

  

	 	1.1.10.	PRC: The People’s Republic of China, not including the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan. 

  

	2.	The Transfer of Transferred Business 

  

	 	2.1.	Party A shall transfer the Transferred Business to Party B since the Closing Date. 

  

	 	2.2.	Since the Closing Date, Party A shall transfer the contracts in relation to the Transferred Business to Party B. For those contracts that are under performance, Party A shall obtain
the consent of the counterpart parties and transfer the unfulfilled rights and obligations to Party B, and transfer the current active contracts pursuant to the following provisions: 

  

	 	2.2.1.	Unless otherwise provided, before the Closing Date, Party A shall complete the transfer of related contracts and agreements (except for those contracts or agreements which contain
demanding terms that may cause losses from the transfer, and the failure of which do not affect the normal use and the acquisition of the proceeds of Party B). Otherwise, it shall be deemed defaulting, which means that Party B will be entitled to
take back the first payment of RMB2.6 million. Party B shall not make the first payment to Party A until all related contracts and agreements are completely transferred, and the Agreement shall be continuously performed in accordance with original
provisions. 

  

	 	2.2.2.	Both Parties agree and confirm that following April 30, 2007, Party B shall own the Transferred Business. Party A further agree and confirm that, Party B shall own all account
payables of contracts, benefits and positive results under the current active contracts, which can be directly deducted from the first payment without Party A’s objections. 

  

	 	2.2.3.	 Party A shall transfer the original copy and copies of written documents in relation to the Transferred Business, including but not limited to contracts,
correspondences, licenses and accounting books, booking and other text, client information and original written 

  

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consents of counterpart parties, to Party B; in the case that some original and copies of the aforesaid contracts and client information are not transferred,
Party A shall provide supplementary materials within ten days after the Closing Date. Party A shall provide other documents related to the transferred advertising business to Party B upon reasonable request of Party B. 

 

	 	2.2.4.	Article 2.2, Article 2.2.1, and Article 2.2.2 shall apply to the supplementary contracts that Party A submits in accordance with Article 2.2.3 of the Agreement. Party A and Party C
shall be responsible for any contract liabilities arising due to the delayed submission of current valid contracts. 

  

	 	2.2.5.	If the supplementary contracts of the transferred assets provided by Party A pursuant to Article 2.3.3 are still incomplete, Party A and Party C shall be responsible for the
performance of the missed contracts and all legal responsibilities. However, the rights including but not limited to the business profit, positive results and accounts receivables shall be enjoyed by Party B, and Party B is entitled to ask Party A
and Party C to bear the default responsibilities. 

  

	 	2.2.6.	Once the transfer of current contracts is completed, Both Parties shall check them against Annex 1 together, and sign the confirmation of the checklist of the Transferred Business.

  

	3.	Consideration of Transfer and Payment 

  

	 	3.1.	Through negotiation, All Parties agree that the total cash consideration of the workforce and business transfer shall be made in five installments to Party A or Party C. Payment
details are as follows: 

  

	 	3.1.1.	The first payment: Party B shall pay Party A or Party C RMB2.6 million within ten days after the execution of the Agreement. 

  

	 	3.1.2.	The second payment: Party B shall pay Party A RMB2.0 million before January 20, 2008. 

  

	 	3.1.3.	 The third payment: Party A transfers the Transferred Business to Party B as agreed, and the following preconditions are completed (including but not limited to):
the construction of the transferred assets (mainly outdoor advertising media) has been completed, and has been accepted after testing (the uninstalled advertising media on road to the airport shall be established and constructed by Party B, 

  

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who is also be responsible for the expense and safety of the construction, while Party A shall be responsible for obtaining the establishment and
construction procedures); If a contract to lease or operate an advertising media has a term less than five years starting from the Execution Date of this Agreement, Party A and Party C are obligated to expand it to five years and ensure that
approvals will be obtained from governmental organizations (governmental approvals means approvals of governmental authorities allowing for the establishment and distribution of advertisements, the valid period of which shall be no less than one
year) and transfer it to Party B; all governmental approvals and consent shall be obtained no later than the end of March 2008 in principle (approvals within the authority of the Management Committee of the Walk Street of Chunxi Road shall follow
Party A’s contract with the Management Committee of the Walk Street of Chunxi Road and its approval of distributing advertisements), otherwise, Party B may refuse to pay the total consideration; Min Yang of Party C has entered into an
employment contract with Party B; all necessary transfer procedures have been completed; Party B shall make the third payment to Party A or Party C before March 20, 2008. With the third installment being made, the total payment of the first
three installment (including the first two installments) shall be RMB29 million. As of the end of March 2008, if Party A cannot obtain the establishment approval of the aforesaid advertising space as a result of governmental policies, (1) Party
B shall make the payment as provided in the Agreement, if the advertising space can be used to distribute advertisements within the aforesaid period as provided in this provision above; (2) if the failure to obtain governmental approvals
affects the display of advertisements within the aforesaid period or the advertising media cannot be built due to the incompletion of the approvals, the consideration of the advertising space without approvals shall be deducted from the total
consideration of the third installment pro rata. The third installment that Party B needs to make shall be recalculated according to the following formula: 

 Accumulative consideration payable as of this installment = 
 RMB29million - (RMB37 million ×(the total area of advertising space without approvals÷ the total area of advertising space) ) 
  

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	 	3.1.4.	The fourth payment: Party B shall make the fourth payment of RMB4.0 million to Party A or Party C before May 10, 2008. 

  

	 	3.1.5.	The fifth payment: Party B shall pay Party A and Party C RMB4.0 million when over 70% of the outdoor media obtain approvals for the distribution of advertisements in 2008. (If the
approvals for 2008 for more than 70% of the transferred media can be obtained in advance, Party B shall make a one-time payment within ten days when such approvals are obtained). 

 The total payment (five installment) shall be less than or equal to RMB37 million. 
  

	 	3.2.	If Party A is liquidated before the payment as provided in Article 3.1 has been completed, Party B shall make the outstanding payment to Party A /Party C pursuant to this Agreement
and other related laws and regulations. In such cases, outstanding payment shall be made in installments according to Article 3.1. If party A’s responsibilities and obligations shall be transferred to Party C, Party B’s pleading right
against Party A shall be valid against Party C. Party C shall make great efforts to help Party B to fulfill the payment conditions, otherwise, Party B could refuse to make payments. 

  

	 	3.3.	The proceeds of the Transferred Business, including but not limited to profit, positive results and account receivables shall be owned by Party A before April 1, 2008, and be
owned by Party B after April 1, 2008. After April 1, 2008, all profit (profit=revenue generated from contracts-cost of media) generated from contracts under performance shall be allocated between Both Parties according to the following
formula: 

 Revenue of Party A/Revenue of Party B=The number of performance days before April 1, 2008/ the
number of Performance day after April 1, 2008 
 Based on this, advanced receipts overcharged by Party A shall be returned to Party B
(deducted when the first payment is made). In the meantime, the overpaid rental fees and electricity fees shall be paid to Party A (when the first payment is made). 
  

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	4.	The Operation of the Interval Period 

  

	 	4.1.	Party A shall fulfill its obligations under Article 2.2 and other matters related to other obligatory arrangements. 

  

	 	4.2.	Within one month prior to the Closing Date, Party A shall: 

  

	 	4.2.1.	Inform in written notice its major creditors and debtors of the asset transfer under this Agreement, and ask for written consent of creditors. 

  

	 	4.2.2.	Party A shall make announcement in newspapers with national influence of its asset transfer and ask other medium or small creditors and debtors to register and declare their claim
and debt. 

  

	 	4.3.	During the Interval Period, without prior written consent of Party B, Party A shall not change or adjust its existing plans, policies, strategies, or compensations and benefits of
its employees before the Executive Date. Party A and Party C shall not take any actions that adversely affects the Transferred Business, but shall maintain and add value to the business. 

  

	 	4.4.	During the Interval Period, if Party A intends to enter into a new contract with third parties as necessary for the operation of its business, and such contract is related to the
Transferred Business, Party A shall inform Party B of such contract and ensure that the third party consents to transfer the rights and obligations under the contract to Party B after the Closing Date, and ensure the Party B become a party of such
contract. 

  

	 	4.5.	During the Interval Period, Party B is entitled to review documents and records related to the Transferred Business on site without disturbing the normal operation of Party A. Party
A shall grant reasonable cooperation. 

  

	 	4.6.	During the Interval Period, Party A shall make the following documents and records (hereinafter “documents and records transferred”) ready to be delivered on the Closing
Date under the supervision and participation of Party B. Documents and records transferred include: business records, operation records, operating data, operating statistics, brochures, maintenance brochures, training brochures, financial accounts
and records related to the Transferred Business and used and kept by Party A, and other related records, data, diaries, brochures or materials (be it in written form or saved in computers) or complete, accurate and true copies of the same.

  

	5.	Transfer of Workforce 

  

	 	5.1.	 Within ten days after the Closing Date, Party A shall transfer the 

  

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employment contracts to Party B. After the completion of such transfer, the employees transferred to Party B shall release the original employment contracts,
and sign new employment contracts and other related contracts based on the requirements of Party B. 

  

	 	5.2.	Party B shall reprocess the social insurance and related issues of the transferred employees based on the requirements of Party B. 

  

	 	5.3.	Party A warranties that its management shall enter two-year long employment contracts with Party B. 

  

	6.	Representations and Warranties of Party C 

  

	 	6.1.	Party C agrees to the related arrangement of the workforce and business transfer under this Agreement and warranties that: after the completion of the transfer of the workforce and
business and matters provided under Article 4.2 of the Agreement, Party C shall pass a shareholder meeting resolution on the liquidation and cancellation pursuant to the articles of associations of Party A and related PRC laws and regulations.

  

	 	6.2.	Within 30 days after the Effective Date, Min Yang shall enter into a four-year long employment contract with Party B, according to which Min Yang shall enjoy the same benefits and
related incentive mechanisms as that of the general manager of business centers of Party B, and be subject to the management of Party B. During the performance of the employment contract or within four years after the completion or dismissal of the
contract, unless permitted by Party B in writing, Party C shall not directly or indirectly invest in, operate, manage or be employed by any individuals or entities competing with the business (mainly advertising) of Party B.

  

	 	6.3.	If Party A is liquidated and cancelled according to Article 6.1 before the full payment of the installment as provided in Article 3.1, Party C shall make efforts to help Party B to
perform matters under Article 3.2 of the Agreement. 

  

	 	6.4.	Zhixun Dai and Fengying Wu of Party C shall exit the management team after the completion of the transfer of workforce and business, without entering into employment contracts. They
warrant not to invest and participate in any business competing with that of Party B within four years. 

  

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	7.	Representations and Warranties 

  

	 	7.1.1.	Party A has been duly incorporated and is validly existing as an enterprise legal person. Party A has obtained all the necessary authorizations and permits and has the authority and
capability to execute and perform the Agreement and to complete the business and workforce transfer under this Agreement. 

  

	 	7.1.2.	The execution and performance of the Agreement will not result in (1) the violation of or conflict with any articles of association or other similar organizational documents;
(2) violation of or conflict with any laws and regulations to which the assets transfer are subject or result in any material adverse issues due to the violation of such laws; or (3) a breach or conflict of guarantees, contracts,
agreements, licenses, permit, concessions or other documents or arrangements which is binding to Party A, or liability of breach of contract under such documents. 

  

	 	7.1.3.	Party A undertakes to Party B that following the Execution Date, Party A shall not expand to new business areas unless otherwise provided in this Agreement.

  

	 	7.1.4.	Following the Closing Date, Party A and its current or future affiliated companies, affiliated persons and employees shall not participate in any business relating to the
transferred assets or competing with the business of Party B, including but not limited to the following actions: 

 (1) Participate directly or indirectly in any business that is the same as or similar to the transferred business; 
 (2) Facilitate or permit any third parties competing with Party B to operate or promote same or similar business; 
 (3) Interfere for Party B in establishing business relationship with Party A’s current clients, customers, employees or suppliers. 
  

	 	7.1.5.	Following the Closing Date, if Party A or its current or future affiliated companies, affiliated persons and employees participate in any business relating to the transferred
assets, Party A shall ensure that such business will be terminated, or be transferred to Party B for free with the permission of Party B. 

  

	 	7.1.6.	Party A undertakes that its management team shall enter into two-year employment contracts with Party B unless otherwise provided in the Agreement. 

  

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	 	7.1.7.	Party A and Party C shall not invest in areas competing with Party B. 

  

	 	7.1.8.	Party A has provided true and accurate copies of all documents in relation to the transferred assets and made related representations and warranties. Such documents, representations
and warranties neither include any untrue statements of any material facts, nor misstatements resulting in the misunderstanding to materials facts. To Party A’s knowledge, there are no facts relating to and with probable material adverse
effects on the transferred assets that have not been disclosed in the Agreement and its Annexes or disclosed in other written forms by Party A to Party B. 

  

	 	7.1.9.	Party A undertakes that the financial information it provided is true, accurate and complete in every respect. 

  

	 	7.1.10.	Party A has pending litigation, and it shall complete the liquidation and cancellation within three months after the closing of the litigation. 

  

	 	7.1.11.	Party A has been involved in litigations on the glass-curtain wall and northern elevation advertising space in Chunxi Shop of Chengdu Pacific Shopping Mall and the advertising space
in Chunnan Mall, which shall be included in the Transferred Business provided in this Agreement. Party A shall not give up the right of operating and leasing in any means, including but not limited to reconciliation and mediation, in the aforesaid
litigation. If Party A obtains the right to continue operating and leasing the aforesaid advertising space, it shall transfer the aforesaid operating and leasing right to Party B pursuant to the standard and means under this Agreement within ten
days once such valid verdict is made. Party B will not pay additional fees or considerations to Party A or Party C for such transfer. If Party A does not obtain the right to continue operating and leasing the aforesaid advertising space, it shall
not be bound to the obligation of transfer under this Agreement. For any disputes arising from the performance of the advertising distribution contract related to the aforesaid advertising space, Party A and Party C shall be legally liable.

  

	 	7.1.12.	 The cooperation contract Party A entered into with Chengdu Saijia 

  

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Hanglv Business Hotel Managing Co., Ltd. on April 29, 2006 cannot be transferred in time pursuant to Article 2.2.1. However, Party A shall ensure that
the contract is performed in due course and any revenues generated from the contract are transferred to Party B, until the contract is completely transferred to Party B. Otherwise, Party B may make claims against Party A and Party C.

  

	 	7.2.	Party B represents and warranties as follows: 

  

	 	7.2.1.	Party B has been duly incorporated and is validly existing in good standing as an enterprise legal person. Party B has obtained all the necessary authorizations and permits and has
the authority and capability to execute and perform the Agreement. 

  

	 	7.2.2.	The execution and performance of the Agreement will not result in the violation of or conflict with (1) any articles of association or other similar organizational documents;
(2) any laws, conditions or other orders to which Party B is bound; (3) or any contracts and documents to which Party B is a party. 

  

	 	7.2.3.	Party B legally owns its assets, which are sufficient to pay the consideration of the Agreement. Once executed, the Agreement shall be legally and effectively binding on Party B.
Party B shall pay the Consideration of Transfer on time and pursuant to the Agreement. 

  

	 	7.3.	Undertakings and Warranties of All Parties 

 All
undertakings provided in this Article are complete and true (and shall be valid even if the workforce and business transfer is completed). 
  

	 	7.3.1.	Each party undertakes and warrants to all other Parties that it will compensate all actual fees, expenses, losses or other liabilities incurred due to the violation of undertakings
and warranties of this Agreement. 

  

	 	7.3.2.	Each undertaking is separate and independent, and shall not be restricted by any provisions of this Agreement. 

  

	 	7.3.3.	Each Party shall not be allowed to take any actions or make any omissions that make the undertakings materially misleading or inaccurate, unless as necessary for the performance of
this Agreement. 

  

	 	7.3.4.	 All Parties undertake that all representations, undertakings and warranties are true and accurate in every respects as of the Execution Date. Each Party shall
immediately inform other parties of any 

  

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inconsistency between current status and the representations, undertakings and warranties and any provisions of this Agreement, any matters constituting
material default, and any misleading facts. 

  

	 	7.3.5.	Any warrants are made based on what each party knows and believes after proper and prudent due diligence. 

  

	 	7.3.6.	Party A and Party C further undertake to Party B that the business contracts listed in Annex 1 include all transferred business disclosed by Party A. 

  

	 	7.3.7.	The rights and compensation entitled to Party A and Party B against the other party’s inaccurate, untrue or unfulfilled undertakings shall not be affected by:

 (1) the completion of the transfer of workforce or business by Party A to Party B; or 
 (2) any failure or delay in exercising any rights or claiming compensations. 
  

	8.	Confidentiality 

  

	 	8.1.	All Parties shall keep confidential the negotiation and execution process and the content of this Agreement, and shall not disclose them to any third parties unless otherwise
required by laws, regulations and compulsory rules of related governmental organizations. 

  

	 	8.2.	Each Party shall keep the commercial secrets of other parties learned in the process of the negotiation, execution and performance of this Agreement strictly confidential, and not
disclose to any third parties unless otherwise required by laws, regulations and compulsory rules of related governmental organizations. 

  

	 	8.3.	The obligation of confidentiality shall survive with the termination of the Agreement 

  

	9.	Defaulting Liability 

  

	 	9.1.	Unless otherwise provided by this Agreement, default behaviors under this Agreement shall include, but are not limited to, the following situations: 

  

	 	9.1.1.	The violation of any provision of this Agreement; 

  

	 	9.1.2.	Each Party violates any representations, undertakings and warranties made in this Agreement; 

  

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	 	9.1.3.	Each Party violates other obligations of this Agreement. 

  

	 	9.2.	If default behaviors provided in Article 9.1 occur, the default party shall take defaulting liabilities and compensate the complying party for losses incurred as a result of default
behaviors, including but not limited to all reasonable fee incurred for the execution and performance of this Agreement (including expenses of engaging agencies, etc.). If Party A defaults, Party A and Party C shall jointly shoulder the defaulting
responsibility, and this Agreement shall be performed continuously without being terminated. 

  

	 	9.3.	If Party B intentionally postpones the payment of any consideration, it shall take the defaulting liability and pay the late fee at a rate of 0.03% (of the total consideration) per
day. 

  

	10.	Effectiveness 

  

	 	10.1.	This Agreement shall be effective as of its execution by each party. 

  

	11.	Applicable Laws 

  

	 	11.1.	The formation, validity, interpretation and performance of the Agreement and the resolution of the disputes under this Agreement shall be subject to PRC laws.

  

	12.	Settlement of Disputes 

  

	 	12.1.	Any disputes arising from or related to the Agreement, including but not limited to the formation, effectiveness, performance, defaulting liabilities, rectification and termination
of the Agreement, shall be resolved by all Parties through friendly negotiations. The dispute can be referred to the local court in the place where Party B is incorporated in the case that no resolution can be reached within 30 days. The complying
party is entitled to ask the defaulting party to cover the litigation fees (including but not limited to counsel fees and travel charge) and other fees. 

  

	13.	General Provisions 

  

	 	13.1.	Notices. Any notices shall be sent by hand, fax or registered air mail to the following addresses of the Parties or such other addresses as may be notified in written. Notices shall
be deemed to be duly served if by registered air mail, on the fifth day after being delivered; or if by hand delivery or by fax, on the next day. If by fax, the original notice shall be sent by hand delivery or by registered air mail right after the
fax is sent. 

  

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 Party A: Chengdu Zhengyang Advertising Co., Ltd. 
 Address: Room 1909, Building 3 Changfu Garden, 2 Shangnan Street, Chengdu 
 Party B: Sichuan Time Share Advertising & Communication Co., Ltd. 
 Address: Dayu Building,
No. 312 Long Zhua Shu, Xiao Hong Men, Chaoyang District, Beijing 
 Party C: 
 Min Yang 
 Address: Room 931, Building 9
Great Wall Yuan, 69 Xiaonan Street, Chengdu 
 Fengying Wu 
 Address: Room 310, Building 3 Madao Apartment, 24 Xihuamen Street, Chengdu 
 Zhixun Dai 
 Address: Room 310, Building 3 Madao Apartment, 24 Xihuamen Street, Chengdu 
  

	 	13.2.	If any provisions or other statements are invalid, illegal or non-executable pursuant to laws and regulations, the other provisions or statements shall retain their validity, on the
condition that such provisions do not have a material adverse effect on the legal and economic substance of the proposed transaction. Each Party shall revise the Agreement in a way to realize the original purpose of each Party to the extent possible
and acceptable, through honest and friendly negotiations, so that the proposed transaction can be maximally achieved as originally planned. 

  

	 	13.3.	This Agreement is a complete document, and this Agreement and its Annexes constitute the entire agreement and understanding between both parties with respect to the subject matter
hereof and supersedes and replaces all prior oral and written agreements and understandings, intents, and expressions between both parties with respect to the subject matter hereof. 

  

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	 	13.4.	Unless otherwise provided by laws, the failure or delay in the performance of the rights, powers or privileges under this Agreement shall not constitute the waiver of such rights,
powers or privileges; separate or partial exercise of such rights, powers or privileges shall not prevent the exercise of other rights. 

  

	 	13.5.	All parties shall pay any fees or tax incurred as a result of the transaction pursuant to PRC laws. 

  

	 	13.6.	Warranties under this Agreement shall continue to be completely valid after its completion and all provisions of the Agreement shall continue to be valid unless they have been
performed. 

  

	 	13.7.	Any revisions or amendments to this Agreement are not allowed without prior written consent of all Parties. 

  

	 	13.8.	All section titles are only for purposes of convenience of reading and shall not affect the meaning and explanation of the content of the Agreement. 

  

	 	13.9.	Each Party shall take and execute or ensure to take or execute all further actions, behaviors, matters and documents as necessary to the execution of this Agreement, so that the
expected transaction can be fully performed. 

  

	 	13.10.	All annexes of this Agreement shall form an integral part of this Agreement and have the same legal effect as this Agreement. 

  

	 	13.11.	This Agreement is executed in five original copies which have the same legal effect, with Party A and Party B hereto holding one original, respectively, and Party C holding three
originals. 

  

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 Execution page of the Workforce and Business Transfer Agreement entered on the date specified in the initial page among
the following parties: 
 Party A ( Stamp ) : Chengdu Zhengyang Advertising Co., Ltd. 
 Legal Representative ( Signature ) : /s/ Fengying Wu 
 Party B ( Stamp ) : Sichuan Time Share Advertising &
Communication Co., Ltd. 
 Authorized Representative ( Signature ) : /s/ Jilun He 
 Party C ( Signature ) : 
  

					
	Min Yang	  	/s/ Min Yang	  	
	Fengying Wu	  	/s/ Fengying Wu	  	
	Zhixun Dai	  	/s/ Zhixun Dai	  	

  
  

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 Supplementary Agreement 
 This Supplementary Agreement (hereinafter “Agreement”) is entered into among the following parties on May 30, 2008 in Beijing: 
 Assignor: Chengdu Zhengyang Advertising Co., Ltd. (hereinafter “Party A”) 
 Legal representative: Fengying Wu

 Assignee: Sichuan Time Share Advertising & Communication Co., Ltd. (hereinafter “Party B”) 
 Legal representative: 
 Min Yang, Fengying Wu, Zhixun Dai (hereinafter
“Party C”) 
 ID Number: Min Yang 
 ID Number: Fengying
Wu 
 ID Number: Zhixun Dai 
 Hereinafter, Parties A, B and C
shall be individually referred to as “A Party” and collectively as “All Parties”. 
 All Parties to the Agreement have
signed the Employees and Business Transfer Agreement (hereinafter “Original Agreement”) in Beijing on May 8, 2007. Based on the actual performance of the Original Agreement, all parties agree to this Agreement as final
settlement .All parties hold no disputes over the performance of agreement. 
 1. All parties confirm that Party B has already paid a
transfer fee of RMB 4.6 million according to the provision of the Original Agreement. Based on the actual performance of the agreement, 
 WHEREAS: (1)Party A fails to fully accomplish the previously agreed media area (2)Party A receives certain advertising revenues and pays leasing fees on behalf of Party B so that the net amount Party A should pay Party B is RMB 3.09689
million. Therefore, all parties agree that Party B shall deduct RMB 5.92 million from Party A when make settlements based on the Original Agreement. Party B shall pay RMB 26.48 million according to the provision of the Agreement to fulfill
the payment obligation of the Original agreement. 
 1.1 Party B shall pay RMB 22.48 million within ten days after the execution of the
Agreement. 
 1.2 Party B shall pay RMB 1.5 million within ten days after
construction completion of the billboard located in 2nd and 6th Floor, Jingdu Plaza, No.43 A Lane Dake, Jinjiang District; Party B shall pay RMB 2.5 million within ten days after construction completion of the billboard located in the Office Building of Southeast
Chemical Industry Research Institute. If the above media construction can’t be completed within six months, Party B shall not make any payment to fulfill all payment obligations. 
  

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 2. Pending matters in the Agreement will be based upon the Original Agreement. If the Original Agreement
excludes such pending matters, Party A and Party B may negotiate with each other and sign another supplementary agreement. 
 3. This
Agreement has the same legal effect as the Original Agreement. If this Agreement is not consistent with the Original Agreement, regard this Agreement as evidence. 
 4. The Agreement shall become effective and binding upon all Parties on the date that authorized representatives of all Parties officially sign and stamp it. 
 5. This Agreement is executed in six (6) originals which have the same legal effect, with each party hereto holding two (2) original.

 Party A (Stamp): Chengdu Zhengyang Advertising Co., Ltd. 
 Authorized representative (signature): /s/ Zhixun Dai 
 Date: May 30, 2008 
 Party B (Stamp): Sichuan Time Share Advertising & Communication Co., Ltd. 
 Authorized representative (signature): /s/ Jilun He 
 Date: May 30, 2008 
 Party C (Signature): 
  

			
	Min Yang	  	/s/ Min Yang
	Fengying Wu	  	/s/ Fengying Wu
	Zhixun Dai	  	/s/ Zhixun Dai

 Date: May 30, 2008 
  

 19English translation of Advertising Sites Leasing Contract dated January 18, 2008

 Exhibit 10.14 
 Advertising Sites Leasing Contract 
 This Advertising Sites Leasing Contract (hereinafter referred as the
“Contract”) was entered into by the following parties in Beijing on 18 January 2008: 
  

			
	 Party A:
	  	GOME Home Appliance Co. Ltd.
		
	 Address:
	  	18/F, Tower B, Eagle Run Plaza, 26 Xiaoyun Road, Chaoyang District, Beijing.
		
	 Party B:
	  	Beijing Time Share Advertising & Communications Co. Ltd.
		
	 Address:
	  	Block 3, Beijing Representative Office of People’s Government of Sichuan Province, 312 Longzhaoshu, Xiaohongmen Road, Chaoyang District, Beijing.

 Where: 
  

	 	1.	Party A is a limited liability company incorporated under the laws of the People’s Republic of China (hereinafter referred to as “China”), and has a considerable
number of sites for outdoor advertisement display within China. 

  

	 	2.	Party B is a limited liability company incorporated under the laws of China, mainly engaged in outdoor advertisement display. 

  

	 	3.	Party A operates nationwide, electrical appliance chain stores (including GOME Home Appliance and Yongle Household Electrical Appliance, hereinafter referred to as “Chain
Stores”). The facades of the buildings of Chain Stores (including usable walls and roofs, hereinafter referred to as “Facade(s)”) are classified into two categories. The first category of the Facades represents the facades used as
Party A’s store signs (for traditional household electrical appliances and communications companies, hereinafter referred to as “Store Signs”) including door frames, door headers (including the form of LED), shop signs, light boxes of
Chain Stores (as specified in Appendix I for the detailed forms of Store Signs). If certain parts of the stores of Party A are to be leased out, Party A will have the right to provide the lessees with the space for store signs. Party B shall provide
priority advertisement spaces for lessees if so required. The second category of the Facades represents the sites that can be developed into outdoor billboards for commercial advertisement display (hereinafter referred to as “Advertising
Sites”). 

  

	 	4.	Party A agrees to lease the Facades of its Chain Stores which can be used as advertising sites for outdoor advertisement display to Party B for Party B’s advertising business;
Party B agrees to rent Party A’s Advertising Sites for the purposes of lease of advertising sites or advertisement display for its advertising business. 

	 	5.	The forms of billboards include light boxes, billboards, rotating planes, LEDs and neon signs. 

 Therefore, Party A and Party B hereby hold the principle of fairness and honesty in respect of the lease of advertising sites by Party A to Party B for billboard installation and advertisement display, and enter into
the Contract and its terms with mutual agreement as follows: 
 Article 1 The locations of the Advertising Sites leased to Party B by Party A 
 Party A agrees to lease all Facades of the Chain Stores of household electrical appliances that it operates in China (excluding Hong Kong, Macau and Taiwan) which can be
developed into advertising sites to Party B. For the purpose of the Contract, the number of Chain Stores shall be 1,000 and all the Facades of those 1,000 Chain Stores which can be developed for advertisements sites (including existing billboards
and advertising spaces available to be developed) are granted to Party B for advertisement display. If the number of Chain Stores of Party A exceeds 1,000, then the Advertising Sites with surplus Chain Stores will also be leased to Party B on the
agreed terms of the Contract. Based on the foregoing, if Party A acquires other new chain stores of household electrical appliances and develops new chain stores, the Advertising Sites with these new chain stores will also be leased to Party B on
the agreed terms of the Contract. The locations of all Chain Stores are set out in Appendix II of the Contract. 
 Article 2 The use of advertising sites
leased to Party B by Party A 
 Party B rents the Advertising Sites specified in Article 1 from Party A for the use of advertising site leases, advertisement
installation, advertisement display and providing advertising services. 
 Article 3 Leasing period 
 The leasing period of the Advertising Sites of the Chain Stores in the Contract is valid until 31 August 2015. The renewal of the Contract will be further negotiated
and signed by Party A and Party B upon expiration. 
 Article 4 Production of Store Signs and construction of Advertising Sites 
  

	4.1	With regard to Store Signs and Advertising Sites, both Party A and Party B agree in concert to engage third-party advertisement production companies which are mutually recognised by
both parties to produce or renovate the Facades of Chain Stores of Party A. The advertisement production contracts for Store Signs shall be entered into after negotiation between Party A and the third parties and the production and renovation
expenses incurred from production and renovation of Store Signs shall be payable by Party A. The production contracts for billboards shall be entered into after negotiation between Party B and the third parties and the expenses incurred from
billboard production shall be payable by Party B. 

	4.1.1	The number of Chain Stores which are designated by Party A for overall production and renovation of Facades shall be no more than 20% of the total number of Chain Stores (i.e. among
the 1,000 Chain Stores stated herein, Party A may designate no more than 200 Chain Stores for overall production and renovation of Facades). For the Chain Stores designated by Party A, the areas of billboards and Store Signs to be produced shall be
calculated as follows: (i) Party B shall be responsible for the billboard production costs for the surface area which covers the viewable area (i.e. the viewable area presented in the advertisement display) and the extension of not more than
40cm from the edges of the advertisements; (ii) Party A shall be responsible for the Store Sign production costs for the area which features Party A’s information (including all elements of store signs of Party A, such as logos, colours of
store signs, light boxes, LEDs, description of services, injection molding characters, doorpost, etc.) and the extension of not more than 40cm from the edges of such signs; and (iii) both parties shall be equally responsible for the production
and renovation expenses for the public areas other than the areas for which Party A and Party B shall be respectively responsible as specified in (i) and (ii) above, provided that the amount to be paid by Party B shall not exceed
RMB5,000,000 and the exceeding amount shall be paid by Party A. This payment arrangement is applicable to the 1,000 Chain Stores specified herein and any Chain Stores exceeding those 1,000 Chain Stores shall be subject to identical ratio of the same
payment arrangement. 

  

	4.1.2	For the Chain Stores other than those stated in Article 4.1.1 of the Contract, the areas of billboards and Store Signs to be produced on the Facades shall be calculated as follows:
the production area of billboard refers to extension of 40cm from the edges of viewable area on Facades, as well as the basic surface excluding the Store Signs. All the remaining areas are parts of the production area of Store Signs.

  

	4.2	The production of Store Signs shall be invested by Party A and the information contained therein shall only be the information related to Party A. The ownership of and the interests
generated from the Store Signs and ancillaries shall be attributable to Party A whereas Party B shall have no right to intervene. The production of billboards shall be invested by Party B. The ownership of and the interests generated from the
billboards and ancillaries shall be attributable to Party B whereas Party A shall have no right to intervene. 

  

	4.3	Party A shall assist Party B with the production of advertisement areas and provide Party B with all the information required in the processes of approvals and display of
advertisements. 

  

	4.4	Party B shall provide training to the construction personnel confirmed by both parties and oversee the progress of construction. Both Party A and Party B shall jointly regulate the
progress of construction. 

	4.5	The production and renovation of the Facades (including store signs and advertisements) of 1,000 Chain Stores shall be completed no later than 30 August 2008. If the production
and renovation are not completed due to objective reasons, both parties shall have negotiations. 

  

	4.6	Party B is responsible for the design of renovation of Facades (refer to the surface of the Chain Stores of Party A and the Advertising Sites used by Party B). In order to assure
the progress of construction, Party A shall approve by signature or comment on the design within three working days upon acceptance of the design provided by Party B, otherwise Party A shall be deemed to have signed and approved the design.
Construction will commence upon the approval and confirmation of the design by Party A. Should the design provided by Party B fail to satisfy the requirements of Party A, Party A may engage other parties to conduct the design. Such design shall be
confirmed by both parties with their signatures. 

 Article 5 Rental fees and payment for Advertising Sites 
  

	5.1	Rental fees for Advertising Sites 

  

	5.1.1	Party A shall lease the Advertising Sites specified in Article I herein to Party B and Party B shall pay Party A rental fees for the lease of the Advertising Sites.

  

	5.1.2	The Facades of the Chain Stores shall be renovated by third party production companies. The Store Signs shall be inspected for acceptance by Party A and billboards shall be
inspected by Party B. Both Party A and Party B agree that upon acceptance of the billboards, the rental fees for Advertising Sites shall be calculated by unit of Chain Stores. In respect of the 1,000 Chain Stores, the Facades of each Chain Store
shall have a viewable area for advertisement display. The rental fees for the Advertising Sites in respect of the advertising area of an individual Chain Store shall be charged: (i) for the Chain Stores, each of which has an advertising area of
100 sq. m. or above, while the number of Chain Stores shall be the number of Chain Stores subject to the calculation of the rental fees for Advertising Sites by both parties; (ii) for the Chain Stores with an advertising area of less than 100
sq. m., the sum of the advertising area of such Chain Stores shall be divided by 100 sq. m., and the number of chain stores calculated based on this method shall be the number of Chain Stores subject to the calculation of the rental fees for
Advertising Sites by both parties. 

  

	5.1.3	Both Party A and Party B agrees that, subject to Article 5.1.2, the rental fees for Advertising Sites shall be charged at a unified price for each Chain Store. The annual rental for
Advertising Sites of each Chain Store shall be [***]1. In the event that the actual number of Chain Stores that satisfy the requirements under
Article 5.1.2 reaches 1,000, the annual rental for Advertising Sites for a chain store shall be [***]2. If the number of Chain Stores is less than
1,000, the annual rental for Advertising Sites shall be calculated based on the actual number of Chain Stores. 

  

	1	This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 

	2	This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 

	5.1.4	Party A shall not increase the rental fees for Advertising Sites for any reasons within the term of the Contract. 

  

	5.1.5	The total contract amount for the Contract for a term of seven years is RMB525 million (Reminbi five hundred and twenty five million). 

  

	5.2	Payment Method and Time 

  

	5.2.1	Both Party A and Party B agree that the leases of Advertising Sites under this Contract shall commence on 1 September 2008 regardless of whether the production and renovation
of the Facades have been completed. 

  

	5.2.2	After the completion of the production of the Facades (including Store Signs and billboards) of the Chain Stores, both parties shall confirm the number of Chain Stores (based on the
unit of individual Chain Stores) and the final annual rental for Advertising Sites (in accordance with the standards set forth in Article 5.1.2 and 5.1.3 herein) as the basis for the payment of the rental fees of Advertising Sites by Party B to
Party A. 

  

	5.2.3	The Facades of the Chain Stores which are renovated, newly opened or acquired and jointly operated by Party A shall be leased to Party B based on the rate calculated pursuant to the
terms of the Contract. The commencement date of the lease term for the Facades of such Chain Stores shall be extended to 90 days after the renovation of the Facades has been completed and inspected for acceptance. The time needed for the renovation
of the Facades for newly-opened or acquired and jointly-operated Chain Stores shall be further negotiated by both parties. 

  

	5.2.4	Both Party A and Party B agree that for the 1,000 Chain Stores stated above, if the production expenses for Store Signs payable to a third party by Party A amount to
[***]3 or less, Party B shall pay the expenses on behalf of Party A to the third party production company which shall be designated by Party B. A
third party agreement shall be entered into by Party A, Party B and the third party production company in this respect. If the production expenses for Store Signs exceed [***]4, the amount exceeding [***]5 shall be paid to third party production company directly by Party A. Party B shall be
entitled to offset the rental fees for Advertising Sites payable to Party A by making the payment for the production expenses of Store Signs on behalf of Party A to the third party production company. Party B shall notify Party A in writing every
time before 

  

	3	This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 

	4	This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 

	5	This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 

	 	 
making payment on behalf of Party A, and Party A is deemed to confirm such payment if Party A does not raise objection in writing with legal and justifiable
reasons within two working days upon receipt of such written notification. If the production expenses for Store Signs payable to a third party by Party B on behalf of Party A exceed the rental for Advertising Sites payable to Party A by Party B in
that year, Party B shall be entitled to offset the rental for advertising venues payable next year. Party B is not required to pay for any further rental for Advertising Sites before the production expenses for Store Signs payable to the third party
by Party B on behalf Party A is fully offset. 

  

	5.2.5	If the production expenses for Store Signs paid by Party B on behalf of Party A is fully offset by the rental fees to be paid by Party B to Party A for the lease of Advertising
Sites, the rental fees for Advertising Sites that are not offset in that year shall be paid by Party B to Party A based on the payment method stipulated in the Contract on a quarterly basis. 

  

	5.2.6	In accordance with Article 5.2.5 of the Contract, after the rental fees for Advertising Sites to be paid to Party A has been fully offset by the production expenses for Store Signs
paid by Party B on behalf of Party A, Party B shall pay the rental fees for Advertising Sites to Party A prior to the beginning of each quarter 25% of the rental fees for Advertising Sites on 1 September, 1 December, 1 March and
1 June of the year. 

  

	5.3	The payment under the Contract shall be made through transfer or telegraphic transfer. Party A is required to provide Party B with a valid invoice with an amount equal to such
payment before Party B makes the payment on behalf of Party A or for its own. The invoice shall be a service invoice and the item appearing thereon shall be the management fee for the Advertising Sites. 

 Article 6 The respective obligations of Party A and Party B 
  

	6.1	The obligations of Party A: 

  

	6.1.1	Party A shall guarantee that it has rights without any defects to lease all the Advertising Sites of the Chain Stores specified herein. Party A shall provide certificates of
ownership to Party B, including but not limited to ownership, unless otherwise provided in the Contract. Party A shall assure the exclusive operating rights of billboards are granted to Party B within the lease term. Party A shall not grant any
rights or permits, without consultation with Party B, to any third parties other than Party B for the display of any advertisement or information on the Facades of the Chain Stores operated by Party A. 

  

	6.1.2	 Party A shall assist Party B or the partners of Party B with the installation, production and maintenance of Advertising Sites and display of advertisement, as well
as various documents required for the application of construction permits and the 

	 	 
advertisement display which shall be submitted by Party A. Party A shall offer sufficient assistance to and cooperate with Party B or its partners in the
installation and update of advertisements and related tasks so as to maintain the ordinary operations of Party B throughout the term herein. 

  

	6.1.3	Unless the Chain Stores are closed, Party A shall guarantee Party B that all the Chain Stores herein operate till August 31, 2015, otherwise Party A is deemed to breach the
Contract. If Party A informs Party B that the leases of certain Chain Stores are due within two years (representing the expiration of the leasing contracts entered into between Party A and the property lessors) (Party B shall sign a confidential
agreement in respect thereof) and Party B continues to agree to include such Chain Stores into the 1,000 Chain Stores specified herein (subject to the conditions in Article 5.1.2 herein), Party A shall be deemed not liable. If Party B can only
operate its advertisement business at certain Chain Stores for less than two years for the reason that Party A fails to notify Party B of the Chain Stores with leasing term less than two years, the rental fees of such Advertising Sites shall be
calculated based on the actual term of use and Party A shall compensate Party B for the production cost of the billboards of such Chain Stores on the basis of RMB500 per square metre. In the event that Party B leases the Advertising Sites of certain
Chain Stores for two years or above during the term of the Contract which are closed due to expiration of lease or operational reasons, Party B shall be entitled to request Party A to provide additional Advertising Sites of other Chain Stores such
Chain Stores. The number of chain store compensated shall be based on the number of stores so revoked. 

  

	6.1.4	Party A shall assure that the operation rights of Advertising Sites of the Chain Stores which Party A will reconstruct, open, acquire and enter into cooperation with other appliance
chain store operators will continue to be granted to Party B in accordance with the Contract. The price for the lease shall be subject to Article 5 herein. 

  

	6.1.5	Party A shall deal with the termination of contracts with its existing advertising customers for its Chain Stores and the progress and results of such matters shall neither affect
the renovation of the Facades to be carried out by third party production companies nor the operation of the billboards by Party B, provided that such advertising customers shall have the right of first refusal to rent such billboards from Party B.

  

	6.1.6	Party A guarantees that Party B shall have the right of first refusal to renew the lease upon the expiration of the lease term under the Contract. The terms of the renewed lease are
to be negotiated. 

  

	6.1.7	Party A shall provide Party B with electrical outlets near to the billboards or at the locations specified in the design plan and the outlets shall comply with all applicable
technical and safety standards. Party A shall undertake to provide Party B with safe and reliable electricity supply for billboard lighting. The expenses for additional electricity supply for the Store Signs and advertisements shall be borne by
Party A. 

	6.1.8	If the government intends to sell the advertising space by auction, Party B is entitled to the relevant benefits and rights including but not limited to the proceeds of the auction,
and the rights to enter into relevant contracts with buyers during the term of the Contract. All revenue and losses arising from the sales contracts are attributable to Party B. 

  

	6.1.9	Party A shall bear electricity expenses for renovation, production and lighting of Store Signs. 

  

	6.1.10	During the term of the Contract, Party A shall assure that Party B is entitled to the exclusive operation rights of billboards within the term of the lease and Party A guarantees
that the Advertising Sites leased to Party B are not covered or blocked, and no commercial advertisements in any forms or contents are allowed to be displayed at any locations and space of the Facades of the Chain Stores (except the advertisements
for Party A’s promotion activities provided that Party B’s advertisements are not covered and the display of Party B’s advertisement are not affected). If Party A fails to comply with this article, it shall take the liability of
breach of contract under the Contract and take remedial action within two days, otherwise, Party B has the rights to remove the coverings and other advertisements. 

  

	6.2	The Obligation of Party B 

  

	6.2.1	Party B shall pay the rental fees for the Advertising Sites to Party A on a quarterly basis according to the terms of the Contract. 

  

	6.2.2	Party B shall be responsible for the design, installation, maintenance and safety of billboards. 

  

	6.2.3	Party B shall be responsible for the connection between the advertisement lighting devices and the electric outlets provided by Party A, and shall maintain safe and reliable
electricity supply from the electrical outlets to the advertisement lighting devices. The lighting devices consist of the lighting system and control system. Party B shall be responsible for the safety and reliability of the connections between the
lighting system and control system and be responsible for the maintenance of the electric wires. 

  

	6.2.4	 Party B shall pay the electricity charge for lighting the advertisements to Party A on time. Separate electric meters shall be installed and the monthly electricity
charges shall be calculated as follows: (i) if a Chain Store of Party A is leased by Party A from a property owner and the electricity charge should be paid by Party A to the property owner, Party B shall pay Party A the electricity charge
equivalent to the amount paid by Party A thereto; (ii) if Party A has an electricity account with the electric supply bureau, the electricity charge to be paid by Party B to Party A shall be calculated on the basis of the amount 

	 	 
charged by the local electric supply bureau plus a maintenance fee of 3%, subject to adjustment by the electric supply bureau. Electricity charges shall be
paid after deduction of the Store Signs production costs are paid by Party B on behalf of Party A from the rental fees of Advertising Sites, which will be paid by Party B to Party A. Electricity charges shall be paid on a monthly basis and Party B
should prepay an amount to Party A equivalent to the monthly electricity charge for three months as a deposit. 

  

	6.2.5	Party B shall be responsible for the damages to the advertisements due to natural disasters including earthquakes, storms, and thunder and lightning. However, Party B shall continue
to have the operation rights of the Advertising Sites when the natural disasters end and the term of the Contract shall be extended accordingly. 

  

	6.2.6	Advertisements to be displayed by Party B shall primarily include the advertisements for the following industries or contents: IT, household electrical appliance, automobile, real
estate, financial investment and insurance, telecommunication, medical equipment, aviation, wine, household appliance, cosmetics, logistics, beverage, public welfare advertisement and information in connection with Party B. If Party B needs to
display advertisements of other industries such as tobacco and apparel, footwear and headwear, it is subject to Party A’s consent. The advertisements which will be displayed by Party B shall neither be any information of Party A’s
competitors and peers in the same industry nor information in connection with the hospital and funeral service industry. The advertisements displayed on LED screens by Party B shall not be subject to any limitation other than the information in
connection with the hospital and funeral service industry as specified above, provided that these advertisements are in compliance with the relevant requirements under the Advertisement Law. 

  

	6.2.7	Disputes and safety issues arising from the advertising operation during the leasing term shall be the sole responsibility of Party B. 

  

	6.2.8	If any billboard or advertisement is damaged or its lighting is out of order, Party B shall repair them within five working days to recover its appearance unless it is not allowed
due to any objective factors. Unless Party B is unable to display any advertisements due to planning, approval and advertisement regulations, any billboard shall not remain empty for more than two months, otherwise, Party B shall display its own
promotion advertisement and maintain the appearance of the Facades. If Party B fails to display its promotion advertisement, Party A is entitled to display its own advertisement provided that Party A informs Party B in writing three working days in
advance. 

  

	6.2.9	Party B shall have the qualification to display advertisements during the term of the Contract and shall carry out the advertisement display in compliance with relevant laws and
regulations, otherwise, Party B shall bear all legal responsibilities and losses so incurred. 

 Article 7 Force Majeure 
 The
Contract shall not be arbitrarily terminated. If the Advertising Sites of any Chain Stores are to be demolished or are not available to display advertisements due to force majeure such as government regulations, policies, planning, reconstruction of
properties by Party A (or the property owner) and changes in the use of properties (as evidenced by certificate of relevant competent organization), Party A and Party B shall calculate the rental fees based on the actual leasing days. However, it
will not affect the performance of Party A and Party B of the Contract in respect of the Advertising Sites of other Chain Stores. Before the relevant Advertising Sites of such Chain Store are available to display advertisements, Party A shall
guarantee that no commercial advertisements shall be displayed by any entities or individuals (including Party A itself) on the relevant Advertising Sites. Once such Chain Store is available to display advertisements, Party A shall unconditionally
give the Chain Store to Party B for display of advertisements. The price shall be determined in accordance with the Contract. 
 Article 8 Special terms

  

	8.1	Disputes among Party A, Party B and the third party production company in respect of the production of any Store Signs and billboards shall not affect the execution of Store Signs
and billboards of other Chain Stores. 

  

	8.2	Disputes among Party A, Party B and the third party production company in respect of the production of Store Signs and billboards shall not affect the display of advertisements on
the billboards for which Party B has commenced operation. 

  

	8.3	Disputes between Party A and Party B in respect of Advertising Sites or billboards of any Chain Stores shall not affect the cooperation and performance of the Advertising Sites or
billboards of other Chain Stores. 

  

	8.4	The Advertising Sites of the Chain Stores refer to all Facades of the Chain Stores which can be developed into billboards (including the Facades already acquired and to be acquired
by Party A). Party A shall continue to secure more Advertising Sites from the property owners (property management entities). Party B shall be unconditionally, free of any additional charge, entitled to the operation rights of any newly acquired
Advertising Sites, which shall not be used by Party A on its own or other persons as permitted by Party A. 

  

	8.5	The currencies used in the Contract refer to Renmenbi. 

 Article 9 Breach
of contract 
  

	9.1	 The Contract shall be binding when executed. The Contract shall be performed by both parties even if Party A violates any terms of the Contract. Unless subject to
Article 6.2.8, if Party A or its branch entities lease (or give) the Advertising Sites which have already leased to Party B, to other entities or individuals in any other ways, or display Party A’s own or other 

	 	 
advertisements (or information) on the Advertising Sites set out in the Contract without the written consent from Party B, Party A is deemed to breach the
Contract. Party A shall resume the possession of the Advertising Sites and unconditionally deliver it to Party B and shall take all necessary remedial actions within two days. Party A shall also be subject to compensation to Party B as follows: for
each piece (or area) of billboard so involved, Party A shall pay a compensation for breach of contract of RMB100,000 to Party B. If the Contract is unable to be performed due to Party A’s breach of the Contract, production costs and the
equally-shared public area Store Signs production costs paid by Party B based on the original value, Party A shall pay the full amount of production costs for billboards and the Store Signs which were paid by Party B and shall also pay 30% of the
total value of the Contract as compensation for breach of contract. If the compensation for breach of contract is insufficient to recover the loss of Party B, Party A shall compensate all economic losses incurred by Party B and Party B’s
customers and cooperation parties (including but not limited to compensation for breach of contract to be paid to the customers by Party B and the relevant investment and expected interest). If Party A constitutes a fundamental breach of the
Contract, which causes a failure of the performance of the Contract, Party A shall not have any advertisements or information displayed on Advertising Sites set out in the Contract within the terms of the Contract, and shall not lease or give the
Advertising Sites to other entities or individuals for display of any advertisements or information. 

  

	9.2	If Party B fails to make the relevant payments pursuant to the Contract in a timely manner, it is obliged to pay a penalty for the default of payment to Party A equivalent to one
ten-thousandth of the amount in default for each day. Party A may terminate the Contract if any payment remains in default for more than 90 days. If Party B constitutes a fundamental breach of the Contract, which causes a failure of the performance
of the Contract, it is obliged to pay 30% of total value of the Contract as compensation for breach of contract. If Party B is in breach of any other relevant requirements of the Contract, the Contract shall continue to be performed and shall not be
terminated. 

 Article 10 Others 
  

	10.1	Party A and Party B may negotiate further for any issues included in the Contract, and enter into any supplementary contracts. 

  

	10.2	For any disputes arising from the Contract, Party A and Party B shall resolve them on a friendly negotiation basis and may submit the dispute to the courts if no agreement is
reached through negotiation. 

  

	10.3	The Contract becomes effective when it is signed and stamped by both parties. 

  

	10.4	The Contract shall have eight copies with same legal effect. Each party shall keep four copies of the Contract. 

	10.5	The original copy of the Contract is computer-printed and no alteration shall be effective. 

 (This is the end of the body of the Contract) 
  

							
	Party A:	  	GOME Home Appliance Co. Ltd.	  	Party B:	  	Beijing Time Share Advertising & Communications Co., Ltd.
				
	Representative:	  		  	Representative:	  	
				
	Date:	  	18 January 2008	  	Date:	  	18 January 2008

 Supplementary Agreement to the Advertising Sites Leasing Contract 
 Party A: GOME Home Appliance Co., Ltd. (hereinafter “Party A”) 
 Party B: Beijing Time Share Advertising & Communications Co., Ltd. (hereinafter “Party B”) 
 In light of the differences between the terms of the Advertising Sites Leasing Contract (hereinafter “the Contract”) entered into by Party A and B on January 18th, 2008 in Beijing and the actual performance of the Contract, the following supplementary provisions have been negotiated and agreed upon: 
 Article 1. Allocation of Expenses 
 Amending Article 4.1 of
the Contract: 
 Both Party A and Party B agree to engage mutually approved third-party
production companies to reconstruct or renovate the facades of Party A’s chain stores nationwide. Party A will negotiate with third parties on the store sign advertisement production contracts, and the shared expense portion of costs from
reconstructing or renovating the signs and the façade will be borne by Party A. For the façade production of the first thousand stores, Party B will pay a one-time fee of RMB 5,000,000, due before November 30th, 2008, to Party A as Party B’s portion of the shared costs. Party B will not be liable for any further shared production expenses. The allocation of
shared production expenses for any additional store beyond the first thousand shall be subject to further negotiation. The production contracts for Party B’s billboards will be negotiated between Party B and third parties. Party B shall only be
responsible for the production expenses relating to the viewable areas of the advertisement and the inner structure of the viewable areas. The clause restricting stores designated for façade production and renovation to 20% of total stores in
the Contract shall be cancelled. 
 The production area of the billboards and store signs shall be calculated as follows: the production area
of the billboard covers the façade of the viewable area; everything else falls under the production area of the store sign. 
 Article
4 of the Contract, dealing with the two parties’ production area and expenses allocation, shall be annulled. 
 Article 2. Advertising site rental fees

 2.1 Because of changes in Party A’s VI system, the advertising area in Party A’s chain stores has decreased. In response, both
parties agree that annual advertising site rental fees for each chain store will be reduced from [***]1 to [***]2. The number of Party A’s chain stores included in the rent calculation shall still be calculated in accordance with Article 5.1.2 in the Contract. Total annual advertising site
rental fees will be set at [***]3 if the actual number of chain stores that satisfy the requirements set out in Article 5.1.2 of the Contract
reaches 1,000. If the threshold of 1,000 is not met, rental fees will be calculated based on the actual number of chain stores. 
  

	1	This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 

	2	This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 

	3	This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 

 2.2 Both parties agree that Party B shall hold ownership rights to the advertising sites covered under
this agreement, beginning from the effective date of the agreement until its expiration. 
 The leasing term for advertising sites completed prior to September 1st, 2008 shall commence on September 1st, 2008. The leases for sites completed after September 1st, 2008 shall commence 90 days after Party B conducts due diligence and approves the site. 
 Both parties agree that accounting will be conducted on December 31st, 2008 with the following understanding:
for chain stores commensurate to Article 5.1.2 of the Contract on December 31st, 2008, rent will be calculated for the current year based on
this agreement. Stores added after December 31st, 2008 will be accounted for in the following year’s payable rent. On the accounting day,
both parties must sign a site rental fee confirmation list. 
 Rent for chain stores that Party A may reconstruct, newly open, acquire, or
jointly operate with other parties shall be calculated according to this agreement. The lease will commence 90 days after the façade production is complete and obtains Party B’s approval. The production period for façades of newly
opened, acquired or jointly operated chain stores will be separately negotiated between the two parties. 
 2.3 Both parties agree that 80% of the chain store facades shall be fully reconstructed/renovated before August 30th, 2008. On this assumption, Party B shall pay [***]4 in advance for site rental fees, with 50% transferred to Party A before August 30
th, 2008, and the remainder transferred before November 30th, 2008. If Party B’s advance exceeds the total rental fees due for that year, Party B has the right to hedge the rental fees for the following year. Before the hedged amount is used up, Party B will not need to
pay any additional site rental fees. After the hedged amount is exhausted, Party B shall make quarterly payments equal to 25% of total annual rental fees on the first day of September, December, March, and June of each year. Article 5.2.4 in the
Contract shall become invalid upon the signing of this supplementary agreement, and shall not be implemented. 
 Article 3. The Contract
remains the standard for any matters not settled in this supplementary agreement. Affairs not settled in the Contract or this agreement can be settled through negotiating additional contracts. 
 Article 4. This agreement enjoys the same legal binding force as the Contract. This agreement should control should there be any conflicts between the
Contract and this agreement. 
 Article 5. This agreement shall be legally effective upon signing by both parties and stamping of their
respective company seals. 
 Article 6. This agreement is drawn up in eight copies. Each Party shall keep four copies respectively. Each copy
of the agreement enjoys the same legal binding force. 
  

	4	This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 

									
	Party A:	 		 	Party B:
			
	GOME Home Appliance Co., Ltd.	 		 	Beijing Time Share Advertising & Communications Co., Ltd.
					
	Authorized Representative:	 	 /s/ Xiao Chen
	 		 	Authorized Representative:	 	 /s/ Jiaju Zeng

	July 12, 2008	 		 	June 11, 2008

 Notice 
 To: 
 Beijing Time Share Advertising & Communication Co., Ltd. 
 Because of our reasons, the GOME Facades reconstruction project and advertisement spaces planning
need to be redesigned in terms of the effectiveness and techniques. According to the on-going situations, we will complete the first five hundred GOME Chain Stores Facades reconstruction prior to 31st December, 2008 and complete the remaining GOME Chain Stores Facades reconstruction prior to 31st March 2009. Provided that the conditions mentioned above are satisfied, 
  

	 1.
	 the first and second completion date of GOME Chain stores reconstruction shall be 31st December, 2008 and 31st March, 2009, respectively.

  

	2	within one week upon the completion of Facades reconstruction of GOME Chain Stores, your company shall pay off the remainder of the advances of site rental fees according to the
Supplementary Agreement to the Advertising Sites Leasing Contract. 

 Please make sure the parallel preparation work for the advertising
project construction as well as the sales work is going smoothly. 
 Best regards 
  

	
	GOME Home Appliance Co., Ltd.
	
	28th August, 2008
	
	/s/ stamp of GOME Home Appliance Co., Ltd.

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