Document:

Exhibit 10.15

 Exhibit 10.15 
  
 TERMINATION AND DEBT FORGIVENESS AGREEMENT 
  
 THIS TERMINATION AND DEBT FORGIVENESS AGREEMENT, effective as of Nov. 18, 2005, by and among e-Future (Beijing)
Tornado Information Technology Inc., a Chinese corporation (“e-Future Beijing”), e-Future Information Technology Inc., a Cayman Islands corporation and the parent company of e-Future Beijing (“e-Future Cayman”), and Hainan Future Computer Co., Ltd., a Chinese company (“Hainan”). 
  
 WHEREAS, in March 2001, e-Future Cayman purchased all outstanding shares of e-Future Beijing from e-Future Beijing’s shareholders for an
aggregate of RMB 5,000,000 (the “Share Purchase Arrangement”); 
  
 WHEREAS, at the time of such purchase, the two shareholders of e-Future Beijing were Hainan and Johnson Li (“Li”); 
  
 WHEREAS, the purchase price for the shares of e-Future Beijing in the Share Purchase Arrangement was allocated RMB 4,000,000 to Hainan (the “Hainan Amount”) and RMB 1,000,000 to Li (the “Li Amount”); 

 
 WHEREAS, following completion of the Share Purchase Arrangement,
the Beijing Municipal Government designated e-Future Beijing as a wholly-owned subsidiary of e-Future Cayman; 
  
 WHEREAS, subsequent to the completion of the Share Purchase Arrangement, e-Future Beijing and Hainan entered into certain transactions pursuant to
which Hainan generated aggregate accounts payable to e-Future Beijing in an amount equal to RMB 2,526,595 (the “Hainan Payables”); 
  
 WHEREAS, subsequent to the Share Purchase Arrangement, e-Future Cayman repaid RMB 575,722 in cash to Hainan as partial repayment of the Hainan
Amount (the “Repayment”); 
  
 WHEREAS, pursuant
to an agreement dated as of September 25, 2005, Li assigned all of his rights to the Li Amount to Hainan (the assigned Li Amount and the Hainan Amount collectively being referred to as the “Complete Amount”); 

 WHEREAS, after netting the Hainan Payable and the Repayment against the Complete Amount, as of the
date of this Agreement, e-Future Cayman owes Hainan an aggregate of RMB 2,897,683 (the “e-Future Debt”); and 
  
 WHEREAS, as of July 18, 2005, e-Future Beijing and Hainan entered into an Outsourcing Agreement pursuant to which e-Future Beijing would
provide certain consulting services to Hainan to offset the Hainan Amount (the “Outsourcing Agreement”). 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties hereto agree as follows:

  
 1. Acknowledgement of the Parties. All parties
hereto acknowledge the validity and accuracy of the assertions made in the recitals to this Agreement. 
  
 2. Termination of Outsourcing Agreement. e-Future Beijing and Hainan hereby terminate the Outsourcing Agreement in accordance with its
terms. 
  
 3. Debt Forgiveness by Hainan. Hainan
hereby agrees to forgive the Total Debt. Hainan hereby releases e-Future Cayman and e-Future Beijing from any and all obligations related to such indebtedness. 
  

4. Assignment. No party hereto may make any assignment of this Agreement or any interest therein, by operation of law or otherwise,
without the prior written consent of the other parties hereto. This Agreement shall inure to the benefit of and be binding upon the parties hereto, their respective successors, executors, administrators, heirs and permitted assigns. 
  
 5. Enforceability. If any portion or provision of this
Agreement shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so
declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceability to the fullest extent permitted by law. 
  
 6. Waiver. No waiver of any provision hereof shall be effective
unless made in writing and signed by the waiving party. The failure of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent any subsequent
enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
  
 7. Amendment. This Agreement may be amended or modified only by a written instrument signed by each of the parties to this Agreement. 

 8. Governing Law. This Agreement shall be construed under and be governed in all respects
by the laws of the Cayman Islands. 
  
 IN WITNESS WHEREOF,
this Agreement has been executed by the parties hereto as of the date first above written. 
  

			
	e-Future Information Technology Inc.
		
	By:	 	 /s/ Adam Yan

	 Name:
	 	 Adam Yan

	 Its:
	 	 Chairman and CEO

	 Date:
	 	 Nov. 18, 2005

	
	e-Future (Beijing) Tornado Information Technology Inc.
		
	By:	 	 /s/ Adam Yan

	 Name:
	 	 Adam Yan

	 Its:
	 	 Chairman and CEO

	 Date:
	 	 Nov. 18, 2005

	
	Hainan Future Computer Co.,
Ltd.
		
	By:	 	 /s/ Xuejun zhang

	 Name:
	 	 Xuejun zhang

	 Its:
	 	 legal representative

	 Date:
	 	 Nov. 18, 2005Exhibit 10.1

 

 

 

	
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            Exhibit 10.3CONSTRUCTION PERMITS PURCHASE AGREEMENT
                     ---------------------------------------

         THIS CONSTRUCTION PERMITS PURCHASE AGREEMENT (this "Agreement") is made
as of October 13, 2005  between Dean M. Mosely,  an  individual  residing in the
State of Louisiana  ("Seller")  and Longfoot  Communications  Corp.,  a Delaware
corporation ("Buyer").

                                    Recitals
                                    --------

         A.       Seller is the  permittee  and owner of the following low power
television station  construction  permits  ("Construction  Permits") pursuant to
certain  authorizations  issued by the Federal  Communications  Commission  (the
"FCC"):

         K38IH {Facility ID No. 126615), Winslow, AZ (File No.
BNPTTL-20000828AJK)

         W51DP (Facility ID No. 127428), Gladstone, MI (File Number:
BNPTTL-20000830AHQ)

         K46IA (Facility ID No. 127477), Big Sky, MT (File Number:
BNPTTL-20000830AIG) A copy of the Construction Permits is attached hereto as
Exhibit A.

         B.       Pursuant to the terms and subject to the  conditions set forth
in this  Agreement,  Seller  desires to sell and Buyer  desires to purchase  and
secure the assignment of the Construction Permits. Agreement

         NOW,  THEREFORE,  in consideration of the mutual promises and covenants
herein contained and other good and valuable considerations,  the parties hereby
agree as follows:

1.       SALE AND PURCHASE.
         -----------------

         Subject to the terms and conditions hereof, on the Closing date, Seller
shall sell,  transfer,  convey,  assign and deliver to Buyer,  free and clear of
liens,  claims and  encumbrances,  and Buyer  shall  purchase  the  Construction
Permits).

2.       NO LIABILITIES ASSUMED BY BUYER.
         -------------------------------

         Except as provided in this Agreement, no liabilities will be assumed by
Buyer,  and  Seller  shall  transfer  and  deliver  the Asset  free and clear of
obligations.

                                        1                           Exhibit 10.4
<PAGE>
3.       PURCHASE PRICE.
         --------------

         A.       The  consideration  to be paid to Seller for the  transfer and
conveyance of the Construction  Permits shall be the sum of Thirty-five Thousand
Dollars ($35,000) (the "Purchase  Price"),  payable by Buyer by wire transfer of
immediately available funds or cashier's check at Closing (defined below).

         B.       Within three (3) business days of the date of this  Agreement,
Buyer shall deposit the sum of Eight Thousand  Dollars  ($7,000) (the "Deposit")
with Wiley Rein &  Fielding  LLP (the  "Escrow  Agent"),  pursuant  to an Escrow
Agreement (the "Escrow Agreement") of even date herewith among Buyer, Seller and
the Escrow  Agent.  At Closing,  the Deposit  shall be  disbursed  to Seller and
applied to the Purchase Price.  The parties shall each instruct the Escrow Agent
to disburse the Deposit to the party entitled  thereto and shall not, by any act
or omission, delay or prevent any such disbursement.

         C.       The Deposit shall be released to Seller in the event that this
Agreement is terminated due to a material  breach by Buyer or Buyer's failure or
refusal to close on the Closing date,  all  conditions to Buyer's  obligation to
close having been satisfied or waived. The parties agree that actual damages are
indeterminable or difficult to measure.  Therefore, such payment to Seller shall
constitute  liquidated  damages as Seller's sole and  exclusive  remedy for such
breach.  Such payment is not intended to be, and is not, a penalty for breach of
this  Agreement.  The Deposit  shall be returned to Buyer if this  Agreement  is
terminated for any other reason.

4.       REPRESENTATIONS AND WARRANTIES OF SELLER.
         ----------------------------------------

         Seller hereby represents and warrants to Buyer as follows:

         A.       Seller has the power to  execute,  deliver  and  perform  this
Agreement and the documents to be executed by it pursuant hereto.

         B.       This Agreement constitutes, and when executed and delivered at
Closing,  any related documents will constitute valid and binding  agreements of
Seller,  enforceable  in accordance  with their  respective  terms.  Neither the
execution and delivery of this Agreement and the documents  contemplated hereby,
nor the consummation by Seller of the transactions contemplated hereby conflicts
with  or  constitutes  a  default  under  any  material  contract,   commitment,
understanding, arrangement, agreement or restriction of any kind to which Seller
is a party or by which Seller is bound.

         C.       Seller  is the  sole  and  valid  holder  of the  Construction
Permits.  The Construction Permits upon Closing will not be subject to any lien,
claim or encumbrance of any kind.

         D.       There  are  no  claims,   actions,   suits,   proceedings   or
investigations  pending  or,  to  Seller's  knowledge,  threatened  against,  or
otherwise affecting the transactions  contemplated hereby

                                        2                           Exhibit 10.4
<PAGE>
at  law  or  in  equity  or  before  any  federal,  state,  municipal  or  other
governmental authority.

         E.       Seller is in  compliance  in all  material  respects  with all
rules  and  regulations  of  the  FCC  and  any  other  pertinent   governmental
authorities with respect to the Construction Permits. Seller has no knowledge of
any  non-compliance  with any applicable laws, rules or regulations  relating in
any material respect to the operation and conduct of the business of Seller with
respect to the Construction Permits.

5.       REPRESENTATIONS AND WARRANTIES OF BUYER.
         ---------------------------------------

         Buyer hereby represents and warrants to Seller as follows:

         A.       Buyer is a corporation duly organized, validly existing and in
good  standing  under the laws of the state of Delaware and is  authorized to do
business in the state of California. Buyer has the power to execute, deliver and
perform this Agreement and the documents to be executed by it pursuant hereto.

         B.       The execution,  delivery and performance of this Agreement and
the documents to be executed  pursuant hereto has been duly authorized by Buyer,
and prior to Closing,  Buyer shall  deliver to Seller a true and correct copy of
such authorization duly and validly adopted by Buyer (which  authorization shall
not have been modified, revoked or rescinded in any respect prior to and will be
in full force and effect at Closing).

         C.       This Agreement constitutes, and when executed and delivered at
Closing,  any related documents will constitute valid and binding  agreements of
Buyer,  enforceable  in  accordance  with their  respective  terms.  Neither the
execution and delivery of this Agreement and the documents  contemplated hereby,
nor the consummation by Buyer of the transactions  contemplated hereby conflicts
with or  constitutes  a default  under any  governing  documents of Buyer or any
other material contract, commitment,  understanding,  arrangement,  agreement or
restriction of any kind to which Buyer is a party or by which Buyer is bound.

         D.       Buyer  is   qualified  in   accordance   with  the  rules  and
regulations  of the FCC and the  Communications  Act of  1934,  as  amended,  to
acquire the  Construction  Permits and,  between the date of this  Agreement and
Closing,  will take no action that would cause it not to be qualified to acquire
the Construction Permits.

         E.       There  are  no  claims,   actions,   suits,   proceedings   or
investigations  pending  or,  to  Buyer's  knowledge,   threatened  against,  or
otherwise affecting the transactions  contemplated hereby at law or in equity or
before any federal, state, municipal or other governmental authority.

         F.       Buyer has involved no broker in this transaction. Seller shall
not be  subject  to a  finder's  fee or other  such  payment  in respect to this
purchase as a result of any acts of Buyer.

                                        3                           Exhibit 10.4
<PAGE>
         G.       This  transaction  is not  contingent  on  Buyer's  ability to
secure appropriate financing.

6.       FCC APPLICATION.
         ---------------

         Seller  and  Buyer  each  shall  use its best  efforts  to  obtain  all
necessary  consents and approvals from any governmental  agency,  third party or
other entity to the consummation of the transaction  contemplated  hereby and to
the assignment of the  Construction  Permits to Buyer.  Within five (5) business
days of the date of this  Agreement,  the  parties  shall  file  with the FCC an
application  for consent to the  assignment  of the  Construction  Permits  from
Seller to Buyer. Each party shall bear its own costs and expenses (including the
fees and disbursements of its counsel) in connection with the preparation of the
portion of such  application  to be  prepared by it and in  connection  with the
processing of the application. All filing fees (if any) paid to the FCC shall be
borne equally by Buyer and Seller.  Seller and Buyer shall diligently  prosecute
such FCC assignment  application,  promptly provide the other with a copy of any
pleading,  order or other document served on it relating to such application and
furnish all information required by the FCC with respect to such application.

7.       CLOSING CONDITIONS.
         ------------------

         All  obligations  of Buyer and  Seller  hereunder  are  subject  to the
accuracy  of the  representations  and  warranties  of the other party as of the
Closing  date and to  fulfillment  by the other  party of each of the  following
conditions  at or prior to Closing.  If a condition  requires  performance  by a
party, the other party may waive compliance with such condition in writing at or
prior to Closing,  except that the  condition of FCC approval may not be waived.
Each  party  shall  use its  best  efforts  to  fulfill  each of the  conditions
applicable to it.

         Following are the conditions precedent to Closing:

         A.       Seller   SHALL   deliver  to  Buyer  an   Assignment   of  the
Construction  Permits and any other  instruments  of  conveyance,  transfer  and
assignment as shall be reasonably necessary to vest in Buyer good and marketable
title in and to the Construction Permits free and clear of all liens, claims and
encumbrances,  except as set forth in this  Agreement or  otherwise  accepted in
writing by Buyer.

         B.       The FCC shall have  granted (by initial  order) its consent to
assignment of the Construction Permits from Seller to Buyer.

         C.       Buyer  shall pay the  Purchase  Price in the manner  described
herein.

         D.       The   representations  and  warranties  of  Seller  and  Buyer
contained herein shall be true and correct in all material  respects on the date
of Closing.

                                        4                           Exhibit 10.4
<PAGE>
         E.       Both parties shall have performed in all material respects all
of  their  respective  obligations  and  agreements  and  complied  with all the
covenants and conditions contained in this Agreement to be performed or complied
with on or before the date of Closing.

8.       CLOSING.
         -------

         The consummation of the sale and purchase of the  Construction  Permits
pursuant to this Agreement (the "Closing") shall take place within ten (10) days
after the date the FCC has granted its consent to assignment of the Construction
Permits  from Seller to Buyer and such grant has become Final  (defined  below),
or, at Buyer's option,  within ten (10) business days after the date the FCC has
granted  such  consent  by initial  order.  If such FCC  consents  have not been
obtained within six (6) months of the date of this Agreement,  then either party
shall have the right to unilaterally  terminate this Agreement by giving written
notice of such termination to the other party.  Notwithstanding the foregoing, a
party may not  terminate  this  Agreement  under  this  Section if such party is
responsible  for the  failure of the FCC to approve the  assignment  application
within said six (6) month  period.  As used  herein,  "Final"  means that action
shall  have been  taken by the FCC  (including  action  duly  taken by the FCC's
staff,  pursuant to  delegated  authority)  which shall not have been  reversed,
stayed,  enjoined,  set aside,  annulled or suspended;  with respect to which no
timely  request for stay,  petition for  rehearing,  appeal or certiorari or sua
sponte  action of the FCC with  comparable  effect  shall be pending;  and as to
which the time for filing any such request,  petition, appeal, certiorari or for
the  taking  of any such sua  sponte  action by the FCC shall  have  expired  or
otherwise terminated.

9.       ENTIRE AGREEMENT.
         ----------------

         This Agreement,  including any exhibits hereto,  constitutes the entire
agreement of the parties with respect to the subject  matter  hereof and may not
be modified, amended or terminated except by written agreement signed by all the
parties hereto.

10.      GOVERNING LAW.
         -------------

         This Agreement shall be governed, construed, and enforced in accordance
with the laws of the State of California  without giving effect to the choice of
law provisions thereof.

11.      NOTICES.
         -------

         Any notice  pursuant to this Agreement shall be in writing and shall be
deemed  delivered  on the  date of  personal  delivery  or  confirmed  facsimile
transmission or confirmed delivery by a nationally  recognized overnight courier
service,  or on the third day after  prepaid  mailing by  certified  U.S.  mail,
return  receipt  requested,  and shall be addressed as follows (or to such other
address as any party may request by written notice):

                                        5                           Exhibit 10.4
<PAGE>
              To Seller:      Dean M. Mosely
                              295 Turnley Road
                              P.O. Box 3042
                              Jena, LA 71342
                              Facsimile No.: 318.992.7676

              Copy to:        Wiley Rein & Fielding LLP
                              1776 K Street, N.W.
                              Washington, D.C. 20006
                              Attention: Brian A. Johnson/Jessica N. Rosenthal
                              Facsimile No.: 202.719.7049

              To Buyer:       Longfoot Communications Corp.
                              914 Westwood Blvd., Suite 809
                              Los Angeles, CA 90024
                              Facsimile No.: 323.822.0019

              Copy to:        Dan J. Alpert
                              The Law Office of Dan J. Alpert
                              2120 North 21" Road
                              Arlington, VA 22201
                              Facsimile No.: 703.243.8692

12.      ASSIGNMENT.
         ----------

         This  Agreement  shall be binding  upon and inure to the benefit of the
successors and assigns of Seller and Buyer.  Notwithstanding the foregoing,  the
rights under this  Agreement  may not be assigned by,  either party  without the
prior written consent of the other party. No assignment shall relieve a party of
its obligations under this Agreement.

13.      COUNTERPARTS.
         ------------

         This  Agreement  may be signed in any number of  counterparts  with the
same  effect as if the  signature  on each such  counterpart  were upon the same
instrument.

14.      TIME IS OF THE ESSENCE.
         ----------------------

         Time is of the essence for this Agreement.

15.      NON-DISCLOSURE.
         --------------

         If for any reason the sale of Asset pursuant to this Agreement does not
close,  Buyer will not disclose to third  parties any  confidential  information
received from Seller in the course of investigating,  negotiating and performing
the transactions contemplated by this Agreement.

                                        6                           Exhibit 10.4
<PAGE>
            SIGNATURE PAGE TO CONSTRUCTION PERMITS PURCHASE AGREEMENT
            ---------------------------------------------------------

         IN WITNESS WHEREOF,  THE PARTIES HERETO HAVE SIGNED THIS AGREEMENT:  AS
OF THE DAY AND YEAR FIRST WRITTEN ABOVE.

SELLER:                           Dean M. Mosely, an individual

BUYER:                            LONGFOOT COMMUNICATIONS CORP.

                                  /s/ ARTHUR T.LYONS
                                  ---------------------------------
                                  ARTHUR T.LYONS
                                  Title: PRESIDENT

                                        7                           Exhibit 10.4
<PAGE>
                                    EXHIBIT A

                       Attach copy of Construction Permits

                                        8                           Exhibit 10.4

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