Document:

Unassociated Document

Exhibit 10.28

 

Assignment Agreement of the Woodland Lease

 

The Assignor:    Anhui Xingguang Investment (Group) Co., Ltd.

The Assignee:    Anhui Yida Tourism Development Co., Ltd.

 

Since 2008, in order to finance and develop the project of Ming Dynasty Entertainment World of Bengbu, the shareholders of the Assignee start the project investigation and the consultation with the villagers’ committees within the intended development zone on the leasing of woodland. To promote effectively the work of project investigation and other preliminary work, enhance the efficiency and lower the cost of woodland leasing, the Assignee tries to finish the leasing work of most woodlands within the intended development zone earlier, the prerequisite to the fulfillment of the project, so before the official signature of the project and the founding of the Assignee, the Assignor has signed five Woodland Lease Agreements (see Attachment 1) with the villagers’ committees of Lilou Township within the intended development zone. Now based on the principle of consistency of rights and duties, the assignor agrees to transfer all the rights and liabilities stated in the said five Woodland Lease Agreements to the Assignee. Both parties agree as follows:

	
1.  

	
When the Contract is signed and comes into force, the Assignee shall have the rights and bear the liabilities as prescribed in the said five Woodland Lease Agreements originally agreed on by the Lessee (Anhui Xingguang Investment (Group) Co., Ltd.).

	
2.  

	
All the prescribed expenses shall be paid by the Assignee to the Assignor timely according to the terms and conditions set out in the said five Woodland Lease Agreements, and the Assignor shall pay them to the villagers’ committees as prescribed.

	
3.  

	
This Contract shall come into force after being signed by the authorized representatives of both parties and officially sealed. The Contract is done in quadruplicate, with two for each party, and each copy shall be equally valid.

LESSOR (Seal): Anhui Xingguang Investment (Group) Co., Ltd.

Authorized Representative: Sun Hui

Date: 02/26/2011

 

LESSEE (Seal): Anhui Yida Tourism Development Co., Ltd.

Authorized Representative: Chen Minhua

Date: 02/26/2011f10k2011a3ex10xxix_china.htm

Exhibit 10.29

 

Contract on the Lease of Land Use Rights

Party A: Administrative Committee of Fujian Taining Great Golden Lake Tourism and Economic Development Zone (hereinafter referred to “Party A”)

Address: No. 10, North Heping Street, Taining County

Legal Representative: Sheng Fujiang, Director

Party B: Fujian Jintai Tourism Developments Co., Ltd. (hereinafter referred to “Party B”)

Address: Central Heping Street, Taining County

Legal Representative: Chen Minhua, Chairman of Board of Directors

In accordance with Article 16 of the Contract on the Franchised Operations of the Great Golden Lake Tourism Project in Taining, Fujian, which became effective on August 21, 2001, after consultations with each other, both parties agree as follows:

	
I.  

	
Party A shall lease the land use rights under this Contract to Party B. Under existing laws, the government has the right to administrate the said land use rights and to exercise other rights for public interest. Underground resources, objects buried underground, and municipal facilities do not fall within the scope of the lease of the said land use rights.

	
II.  

	
The attached form indicates the region, location, size, registration number and purpose of the land plot whose use rights will be leased by Party A to Party B. Before the use of land plot, both parties hereto shall execute a separate contract on the lease of land use rights according to this principle and complete lease certification formalities with Taining County Land Bureau.

	
III.  

	
The lease of the land use rights under this Contract shall have a term of thirty years from August 21, 2001 to August 20, 2031.

	
IV.  

	
The rents on the land use rights under this Contract are included into the franchised operation fees prescribed in Article 22 of the Contract on the Franchised Operations of the Great Golden Lake Tourism Project in Taining, Fujian.

	
V.  

	
If, during the term of the lease, Party B wishes to change the purpose and nature of the leased land use rights and developing the land plot, Party A shall agree with such wishes provided that the change complies with the zoning requirements. In this case, Party B shall complete land use and development formalities.

 

  

  

  

 

	
VI.  

	
Benefits arising from the land plot under this Contract during the term of the lease shall belong to Party B.

	
VII.  

	
Upon the expiration of the term of the lease, buildings and structures on the land plot shall be handled according to Article 30 of the Contract on the Franchised Operations of the Great Golden Lake Tourism Project in Taining, Fujian. Where formalities are required, they shall be followed.

	
VIII.  

	
If Party A needs to build administrative facilities and non-commercial facilities to cope with administrative needs, Party B shall provide support and return the land plot gratis. Party A hereby warrants that it will not engage in any commercial activities with such facilities.

	
IX.  

	
After the execution of this Contract, both parties hereto shall jointly complete the formalities with the county land administration agency for the registration of the lease of the land use rights.

	
X.  

	
The execution, effectiveness, performance, interpretation and dispute resolution shall be governed by the laws, statutes and regulations of the People’s Republic of China. Any dispute shall be litigated at the People’s Court with the jurisdiction over the land plot.

	
XI.  

	
For matters not covered in this Contract, both parties hereto may consult with each other to work out supplemental agreements. Such supplemental agreements shall have the same legal effectiveness as this Contract.

	
XII.  

	
This Contract shall be executed in nine counterparts, with Party A, Party B, parties related to the Contract on the Franchised Operations of the Great Golden Lake Tourism Project in Taining, Fujian, Taining County Land Administration Bureau, and Taining County Notary Public each retaining one. This Contract shall become effective when signed and stamped by both parties hereto.

Party A:  Administrative Committee of Fujian Taining Great Golden Lake Tourism and Economic Development Zone

Representative: Sheng Fujiang, Director

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

Representative: Chen Minhua

October 30, 2001, Taining County

 

2f10k2011a3ex10xxx_china.htm

Exhibit 10.30

 

Partnership Agreement

Party A: Fujian Xinhengji Advertising Co., Ltd.

Legal Representative: Chen Minhua

Address: the 28th floor, Yifa Building, 111 Wusi Road, Gulou District, Fuzhou City

Party B: Fujian Jiaoguang Media Co.

Legal Representative: Fan Yanling

Address: Wangjiang Building, 18 Longgu Holiday Village, Langqi Economic Zone, Fuzhou City

Party A has signed the Advertising Department and Advertising Agency Contract and its relevant Programme Purchase and Production Management Agreement (“the Agency Agreement”) with Fujian Education TV Station on July 11, 2003. According to “the Agency Agreement”, Party A shall be in charge of the operation of the advertising business of Fujian Education TV Station and all revenue related to the advertising business shall accrue to Party A. In order to fulfill better “the Agency Agreement”, through amicable consultation, both parties have reached the following agreement.

Article 1 Fields for Cooperation

A.  Party B agrees to ensure sufficient support to assist Party A in meeting its contractual obligations prescribed in “the Agency Agreement”. The services Party B shall give include but are not limited to the following:

	
(a)  

	
General business operation: advice and assistance related to the fulfillment of the “the Agency Agreement”; consulting services, especially those related to media.

	
(b)  

	
Research and development: advice and assistance in media technology research and development, which is related to the fulfillment of the “the Agency Agreement”.

	
(c)  

	
Other advice and assistance agreed on by both parties.

B. In light of the above services given to Party A by Party B, Party A agrees to confer the operating right on Party B so that Party B can operate the sole and exclusive right to advertising agency given to Party A by Fujian Education TV Station and enjoy the revenue from operating the sole and exclusive right. Party B agrees to accept the operating right and enjoy the advertising revenue as prescribed in this Agreement.

 

  

  

  

 

C. The operating right Party B has obtained is exclusive, so unless there is a written consent of Party B, Party A shall not grant it to any third Party. Unless there is a written consent of Party A, Party B shall also not assign its operating right.

D. Both parties agree that Party A can send high-rank management personnel to Party B at any time or demand a relevant report from Party B through reasonable notice, so as to supervise Party B’s operation of the sole and exclusive right to advertising agency and fulfillment of other liabilities prescribed in this Agreement. Thus Party A can ensure that all the liabilities prescribed in “the Agency Agreement” shall be properly and completely fulfilled and all the revenues enjoyed.

E. Except for what is prescribed in the above covenants, Party A need not pay any additional service fees, and Party A need not pay any additional consideration for the acquisition of the exclusive right to operate.

Article 2  Cost and expenses

Party B shall bear all the cost and expenses of operating the sole and exclusive right to advertising agency by itself, but if the cost and expenses come from assisting Party A to fulfill “the Agency Agreement”, they shall be born by Party A, except that there are other covenants between both parties.

Article 3 Authorization

To ensure that Party B can fully enjoy the operating right, with the consent of Party A, Party B has the right to sign by itself or in stand of Party A various agreements with a third party and take necessary actions to fulfill all the liabilities and enjoy all the revenues prescribed in the above Article 1 and Article 2.

Article 4 Status of Party B and Indemnification

Party B shall know that Party B itself is not one of the two parties of “the Agency Agreement” so it does not have directly the rights and liabilities prescribed in “the Agency Agreement”. However, if it is for Party B’s failure to meet the demands of Party A and “the Agency Agreement” when supplying relevant services that Party A has been demanded indemnification and suffered losses, Party A has the right to demand indemnification from Party B for the losses.

Article 5 Warranty

Both parties will give necessary support to each other so as to carry out the cooperation described above smoothly.

 

  

2

  

 

Article 6 Confidentiality

The contents of this Agreement shall be treated by both parties in strict confidence. No such contents shall be disclosed to any third party without the prior written consent of the other party.

Article 7 Modification and Termination of the Agreement

	
A.  

	
Within the term of this Agreement, neither party shall modify or supplement this Agreement without the consent of the other party.

	
B.  

	
For matters not covered by this Agreement, both parties shall sign a supplemental agreement or put in an attachment in adherence to principles of sincerity, equality and win-win results.

	
C.

	
To terminate this Agreement within its term, both parties shall negotiate with each other and reach a written agreement.

Article 8  Force Majeure

If the covenants in this Agreement can not be fulfilled as a result of Acts of God (including fire, flood, earthquake, storm, hurricane or other natural disaster), war, government prohibition, strike, legal modification or any other unforeseeable and unavoidable events, both parties shall decide through consultation whether to terminate all or part of the covenants in the Agreement or postpone the Agreement, in light of the Force Majeure.

Article 9  Settlement of Dispute

Any dispute arising out of or in connection with this Agreement shall be settled by both parties through equal, friendly and amicable negotiations. If such negotiations have failed to settle the dispute, either party may file a lawsuit with the people’s court with jurisdiction.

Article 10 Commencement of Effectiveness of this Agreement and Other Provisions

A.  This Agreement is executed in duplicate, with one copy for each party and with equal validity.

B.  Within the term of this Agreement, all attachments and supplementary agreements shall become effective when signed and chopped by the authorized representatives of both parties and shall have the same legal effectiveness as this Agreement.

C.  This Agreement shall be in accordance with the relevant laws and regulations of the People’s Republic of China.

D.  This Agreement shall come into force when signed and chopped by the authorized representatives of both parties.

 

  

3

  

 

Party A: Fujian Xinhengji Advertising Co., Ltd.

Legal Representative: Chen Minhua

Date: 10/09/2004

Party B: Fujian Jiaoguang Media Co.

Legal Representative: Fan Yanling

Date: 10/09/2004

 

 

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