Document:

f10k2011a3ex10xxxi_china.htm

Exhibit 10.31

 

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: Fuzhou Fuyu Advertising Co., Ltd.

Legal Representative: Fan Yanling

Address: 5 Xianfu Street, Zhangcheng Town, Yongtai County

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. 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.

 

  

  

  

 

D. 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.

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.

 

  

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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.

  

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Party A: Fujian Xinhengji Advertising Co., Ltd.

Legal Representative: Chen Minhua

Date: 08/01/2007

Party B: Fuzhou Fuyu Advertising Co., Ltd.

Legal Representative: Fan Yanling

Date: 08/01/2007

 

 

4f10k2011a3ex10xxxii_china.htm

Exhibit 10.32

 

Woodland Lease Agreement

Lessor:   Caoxiang Villagers’ Committee, Lilou Township, Bengbu City

Lessee:   Anhui Xingguang Investment (group) Co., Ltd.

This agreement is made by and between the Lessor and the Lessee whereby the Lessee rents from the Lessor a piece of woodland collectively owned by Caoxiang Village on the following terms and conditions:

	
1.

	
The Leased Land and Its Size: The leased woodland plot is located on a hill between Zhangxiang Village and Huangcheng Village on the east, and Fengyang County on the south. It is about 1500 mu in size (see the actual measurement in the Woodland Use Certificate) and covered by protection forest (mainly Lodgepole pine).

	
2.

	
The said woodland plot will be leased to the Lessee for a term of 70 years, starting on 10 November 2009 to 10 November 2079. The Lessor shall assist in changing the user’s name of the Woodland Use Certificate to be the Lessee within 30 days after the signature of contract.

	
3.

	
The Lessee shall pay a yearly rent of RMB 40 for each mu of the woodland plot. The yearly rent totals RMB 60,000 (RMB sixty thousand yuan only), which shall be paid on an annual basis and increased by 10 percent every 10 years.

	
4.

	
In managing and using the woodland plot, the Lessee shall abide by all state policies and regulations related to land, agriculture and forest.

	
  

	 

	
5.

	
Care and use of the woodland plot:

A.   During the lease term, the Lessee has the right to use the woodland plot for agriculture or forestry development and other operational activities, but shall not violate the state industry policy and industry layout. The lessee shall not be deprived of the preferential policies related to its various operational activities issued by all levels of government. The Lessee also has the right to rearrange the woodland plot structure after going through due procedures, e.g., to construct houses or roads or other installations, while the Lessor must assist the Lessee to apply for the approval of the rearrangement from the authorities.

B.   The Lessor shall assist in managing the woodland plot, such as restoring reclaimed land. The Lessor is also liable to coordinate the relationship between the Lessee and the local people so as to create a safe and favorable investment environment for the Lessee.

C.   Any burial or tomb-building is prohibited on the said woodland plot, and the Lessor shall assist in removing the original tombs on it. The Lessee shall pay due compensation to each tomb removal according to relevant state regulations.

 

 

 

 

 

D.  Once the Contract comes into force, the Lessee can operate independently and shall assume sole responsibility for its own profits or losses.

E.  When the Lessee plans to recruit labor force in its operational activities, it shall give priority to those recommended by the Lessor, if they are equally qualified.

	
6. 

	
Events of Termination

A.  If the Lessee has defaulted on a due rent payment, and still fails to pay within one month after the written notice was given by the Lessor, the Lessor has the right to terminate the Contract, not having to undertake any financial or default responsibility.

B.  If the government should expropriate the said woodland plot for public utility construction or other uses during the lease term, the Contract would be terminated automatically. The invested assets and profit losses of the Lessee shall be compensated by the expropriator, but the woodland and forest compensation fees shall belong to the Lessor.

C.  The Lessor shall not reclaim arbitrarily the said woodland plot during the lease term. The Lessor must compensate the Lessee for any financial loss caused by the Lessor’s arbitrary termination of the Contract.

	
7.

	
The Lessor and the Lessee shall decide through negotiation whether to extend the Contract six months before the expiration of the lease specified in this Contract. Where a third party wishes to lease the said woodland plot, it shall be liable to compensate the Lessee for the invested assets left on the woodland plot, based on the assets’ assessed value of the time.

	
8.  

	
The Lessee shall maintain proper vigilance aimed at preventing fires or theft, and assume responsibility for any damage to any person or property from such causes as fires or wood theft, for which the Lessor shall not undertake any financial or legal responsibility.

	
9.

	
The Lessor owns the living trees on the said woodland plot (see the attached list). The Lessee only holds them in trust and shall see that they are left as originally found till the expiration of the lease. If any of the living trees is damaged by the Lessee, the Lessee shall assume the compensation responsibility. If it is damaged by a third party, the third party shall assume the compensation responsibility. If the Lessee has to fell trees for the reason of construction, the Lessor shall react favorably. If the felling has to go through due applying procedure, it must be done accordingly, and the relevant applying fees shall be undertaken by the Lessee.

	
10.  

	
Both parties shall fulfil the Contract when it comes into force. In case of the breach of the Contract by either party without cause, the breaching party shall pay the observant party a penalty of RMB 10,000 and compensate the financial loss suffered by the observant party as the result of the breach. Furthermore, the observant party has the right to terminate this Contract unilaterally.

 

 

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11.  

	
Any disputes arising from or in connection with the Contract shall be settled by both parties through amicable consultations or mediations. Where such consultations or mediations fail, either party may file a lawsuit with the local people’s court.

	
12.

	
The Contract shall come into force as of the date of its official signature by both parties and its registration with the administrative department of forestry. The Contract is done in quintuplicate, with two for each party and one for Lilou township government as a record. Both parties shall abide by the Contract strictly.

LESSOR: Caoxiang Villagers’ Committee, Lilou Township, Bengbu City

Authorized Representative (Seal):

Date: 11/10/2009

 

LESSEE: Anhui Xingguang Investment (group) Co., Ltd.

Authorized Representative (Seal):

Date: 11/10/2009

 

 

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