Document:

CONSULTING
        SERVICES AGREEMENT 

      (English
        Translation)

       

      

      This
        Consulting Services Agreement (this “Agreement”)
        is
        dated August 25, 2006, and is entered into in Xi’an, China between Shiming
        (Xi’an) Enterprise Management & Consutling Co., Ltd. a company incorporated
        under the laws of the People’s Republic of China, located at No. 2,
        12th
        Floor,
        Gaoxin 2nd
        Road,
        Shaanxi Security Plaza, Xi’an High Tech and New Technology Development Zone,
        Xi’an, Shaanxi Province,, China 710075, (“Party
        A”),
        and
        Shaanxi Shiming Science & Technology Joint Stock Co., Ltd., a joint stock
        limited liability company organized under the laws of the PRC (“Party
        B”),
        with
        a registered address at No. 2, 12th
        Floor,
        Gaoxin 2nd
        Road,
        Shaanxi Security Plaza, Xi’an High Tech and New Technology Development Zone,
        Xi’an, Shaanxi Province, China 710075. Party A and Party B are referred to
        collectively in this Agreement as the “Parties.”

       

      RECITALS

       

      	(1)  	
              Party
                A is a company incorporated in Xi’an, China under the laws of the People’s
                Republic of China, which has the technological expertise in development
                and sales of consumer electronics;

            

       

      	(2)  	
              Party
                B is a high tech company incorporated in Xi’an, China, and is engaged in
                development and sales of consumer electronics, and through its majority
                owned subsidiary, Shenzhen Seathan Technology Co., Ltd. (“Seathan
                Technology”), designs and manufactures high-definition televisions and
                computer monitors (the “Business”);

            

       

      	(3)  	
              Party
                B shall contribute its intellectual property rights to Party A, including
                (to be defined tomorrow);

            

       

      	(4)  	
              Party
                A provides technology consulting services and relevant services to
                Party
                B, for compensation, and Party B agrees to accept such consulting
                services.

            

       

      	(5)  	
              The
                Parties are entering into this Agreement to set forth the terms and
                conditions under which Party A shall provide consulting services
                to Party
                B. 

            

       

       

      
        
          
          

        

        
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      NOW
        THEREFORE,
        the
        Parties agree as follows: 

       

      1.
        DEFINITIONS

      

      1.1
        In
        this Agreement the following terms shall have the following
        meanings:

      

      “Affiliate,”
with
        respect to any Person, shall mean any other Person that directly or indirectly
        controls, or is under common control with, or is controlled by, such Person.
        As
        used in this definition, “control” shall mean possession, directly or
        indirectly, of power to direct or cause the direction of management or policies
        (whether ownership of securities or partnership or other ownership interests,
        by
        contract or otherwise).

      

      “Consulting
        Services Fee”
shall
        be as defined in Clause 3.1.

      

      “Indebtedness”
shall
        mean, as to any Person, without duplication, (i) all indebtedness (including
        principal, interest, fees and charges) of such Person for borrowed money
        for the
        deferred purchase price of property or services, (ii) the face amount of
        all
        letters of credit issued for the amount of such Person and all drafts drawn
        thereunder, (iii) all liabilities secured by any Lien on any property owned
        by
        such person, whether or not such liabilities have been assumed by such Person,
        (iv) the aggregate amount required to be capitalized under leases under which
        such Person is the lessee and (v) all contingent obligations (including,
        without
        limitation, all guarantees to third parties) of such Person.

      

      “Lien”
shall
        mean any mortgage, pledge, hypothecation, assignment, deposit arrangement,
        encumbrance, lien (statutory or other), preference, priority or other security
        agreement of any kind or nature whatsoever (including. without limitation,
        any
        conditional sale or other title retention agreement, any financing or similar
        statement or notice filed under recording or notice statute, and any lease
        having substantially the same effect as any of the foregoing).

       

      
        
          
          

        

        
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      “Person”
shall
        mean any individual, corporation, company, voluntary association, partnership,
        joint venture, trust, unincorporated organization, entity or other organization
        or any government body.

      

      “PRC”
means
        the People’s Republic of China.

      

      “Quarterly
        Date”
shall
        mean the last day of March, June, September and December in each year, the
        first
        of which shall be the first such day following the date of this Agreement;
        provided that if any such day is not a business day in the PRC, then such
        Quarterly Date shall be the next succeeding business day in the
        PRC.

      

      “Services”
means
        the services to be provided under the Agreement by Party A to Party B, as
        more
        specifically described in Clause 2; in this Agreement a reference to a Clause,
        unless the context otherwise requires, is a reference to a clause of this
        Agreement. 

      

      1.2
        The
        headings in this Agreement shall not affect the interpretation of this
        Agreement.

      

      2.
        RETENTION AND SCOPE OF SERVICES

       

      2.1
        Party
        B hereby agrees to retain the services of Party A, and Party A accepts such
        appointment, to provide to Party B services in relation to the current and
        proposed operations of Party B’s business in the PRC upon the terms and
        conditions of this Agreement. The services subject to this Agreement shall
        include, without limitation:

      

      (a)
        General
        Business Operation.
        Advice
        and assistance relating to development of technology and provision of
        consultancy services, particularly as related to the “Business”.

       

      (b)
        Human
        Resources.
        

       

      (i)
         Advice
        and assistance in relation to the staffing of Party B, including assistance
        in
        the recruitment, employment and secondment of management personnel,
        administrative personnel and staff of Party B;

       

      (ii)
         Training
        of management, staff and administrative personnel;

       

      (iii)
        Assistance in the development of sound payroll administrative controls in
        Party
        B; and

       

      (iv)
        Advice and assistance in the relocation of management and staff of Party
        B;

       

      
        
          
          

        

        
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      (c)
        Research
        and Development

       

      (i)
         Advice
        and assistance in relation to research and development of Party B;

       

      (ii)
         Advice
        and assistance in strategic planning; and

       

      (d)
        Other.
        Such
        other advice and assistance as may be agreed upon by the Parties.

      

      2.2
        Exclusive
        Services Provider.
        During
        the term of this Agreement, Party A shall be the exclusive provider of the
        Services. Party B shall not seek or accept similar services from other providers
        unless the prior written approval is obtained from Party A.

      

      2.3
        Intellectual
        Properties Related to the Services.
        Party A
        shall own all intellectual property rights developed or discovered through
        research and development, in the course of providing Services, or derived
        from
        the provision of the Services. Such intellectual property rights shall include
        patents, trademarks, trade names, copyrights, patent application rights,
        copyright and trademark application rights, research and technical documents
        and
        materials, and other related intellectual property rights including the right
        to
        license or transfer such intellectual properties. If Party B must utilize
        any
        intellectual property, Party A agrees to grant an appropriate license to
        Party B
        on terms and conditions to be set forth in a separate agreement. 

      

      2.4 Pledge.
        Party B
        shall permit and cause Party B’s shareholders to pledge the equity interests of
        Party B to Party A for securing the Fee that should be paid by Party B pursuant
        to this Agreement. 

      

      3.
        PAYMENT

       

      3.1
        General.
        

       

      (a)
        In
        consideration of the Services provided by Party A hereunder, Party B shall
        pay
        to Party A during the term of this Agreement a consulting services fee, equal
        to
        Party B’s net profits, being the quarterly revenues after deduction of operating
        costs, expenses and taxes (the “Consulting Services Fee”). If the net profit is
        zero, Party B is not required to pay the Consulting Services Fee; if Party
        B
        sustains losses, all such losses will be carried over to next quarter and
        deducted from next quarter’s Consulting Services Fee. Party B shall pay the
        Consulting Services Fee based on the quarterly financial statements provided
        under Clause 5.1 below. Such quarterly payment shall be made within 15 days
        after receipt by Party A of the financial statements referenced
        above.

      

      (b)
        Party
        B will permit, from time to time during regular business hours as reasonably
        requested by Party A, or its agents or representatives (including independent
        public accountants, which may be Party B’s independent public accountants), (i)
        to conduct periodic audits of books and records of Party B, (ii) to examine
        and
        make copies of and abstracts from all books, records and documents (including,
        without limitation, computer tapes and disks) in the possession or under
        the
        control of Party B (iii) to visit the offices and properties of Party B for
        the
        purpose of examining such materials described in clause (ii) above, and (iv)
        to
        discuss matters relating to the performance by Party B hereunder with any
        of the
        officers or employees of Party B having knowledge of such matters. Party
        A may
        exercise the audit rights provided in the preceding

      sentence
        at any time, provided that Party A provides ten days written notice to Party
        B
        specifying the scope, purpose and duration of such audit. All such audits
        shall
        be conducted in such a manner as not to interfere with Party B’s normal
        operations.

      

      
        
          
          

        

        
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      3.2
        Party
        B shall not be entitled to set off any amount it may claim is owed to it
        by
        Party A against any Consulting Services Fee payable by Party B to Party A
        unless
        Party B first obtains Party A’s written consent. 

      

      3.3
        The
        Consulting Services Fee shall be paid in RMB by wire transfer to a bank account
        or accounts specified by Party A, as may be specified in writing from time
        to
        time.

      

      3.4
        Should Party B fail to pay all or any part of the Consulting
        Service’s

      Fee
        due
        to Party A in RMB under this Clause 3 within the time limits stipulated,
        Party B
        shall pay to Party A interest in RMB on the amount overdue based on the three
        (3) month lending rate for RMB announced by the Bank of China on the relevant
        due date.

      

      3.5
        All
        payments to be made by Party B hereunder shall be made free and clear of
        and
        without deduction for or on account of tax, unless Party B is required to
        make
        such payment subject to the deduction or withholding of tax.

      

      4.
        FURTHER TERMS OF COOPERATION

       

      4.1
        All
        business revenue of Party B shall be directed in full by Party B into a bank
        account(s) nominated by Party A.

      

      5.
        UNDERTAKINGS OF PARTY B

       

      Party
        B
        hereby agrees that, during the term of the Agreement:

      

      5.1
        Information
        Covenants.
        Party B
        will furnish to Party A:

      

      5.1.1
        Preliminary
        Monthly Reports.
        Within
        five (5) days after the end of each calendar month the preliminary income
        statements, balance sheet and results of operations of Party B made up to
        and as
        at the end of such calendar month, in each case prepared in accordance with
        the
        PRC generally accepted accounting principles, consistently applied.

      

      5.1.2
        Final
        Monthly Reports.
        Within
        ten (10) days after the end of each calendar month, a final report from Party
        B
        on the financial situation such as income statements, balance sheet and results
        of operations of Party B made up to and as at the end of such calendar month
        and
        for the elapsed portion of the relevant financial year, setting forth in
        each
        case in comparative form figures for the corresponding period in the preceding
        financial year, in each case prepared in accordance with the PRC generally
        accepted accounting principles, consistently applied.

      

      5.1.3
        Quarterly
        Reports.
        As soon
        as available and in any event within thirty (30) days after each Quarterly
        Date
        (as defined below), unaudited consolidated balance sheet, consolidated
        statements of operations, statements of cash flows and changes in financial
        situation of the Party B and its subsidiaries, if any, for such quarterly
        period
        and for the period from the beginning of the relevant fiscal year to such
        Quarterly Date, setting forth in each case actual versus budgeted comparisons
        and in comparative form the corresponding consolidated figures for the
        corresponding period in the preceding fiscal year, accompanied by a certificate
        of the chief financial officer of the Party B, which certificate shall state
        that said financial statements fairly present the consolidated financial
        condition and results of operations, as the case may be, of the Party B and
        its
        subsidiaries, if any, in accordance with U.S. general accepted accounting
        principles applied on a consistent basis as at the end of, and for, such
        period
        (subject to normal year-end audit adjustments and the preparation of notes
        for
        the audited financial statements).

      

      
        
          
          

        

        
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      5.1.4
        Annual
        Audited Accounts.
        Within
        six (6) weeks of the end of the financial year, the annual audited accounts
        of
        Party B to which they relate (setting forth in each case in comparative form
        the
        corresponding figures for the preceding financial year), in each case prepared
        in accordance with, among others, the U.S. generally accepted accounting
        principles, consistently applied.

      

      5.1.5
        Budgets.
        At
        least 90 days before the first day of each financial year of Party B, a budget
        in form satisfactory to Party A (including budgeted statements of income
        and
        sources and uses of cash and balance sheets) prepared by Party B for each
        of the
        four financial quarters of such financial year accompanied by the statement
        of
        the chief financial officer of Party B to the effect that, to the best of
        his
        knowledge, the budget is a reasonable estimate for the period covered
        thereby.

      

      5.1.6
        Notice
        of Litigation.
        Promptly, and in any event within one

      (1)
        business day after an officer of Party B obtains knowledge thereof, notice
        of
        (i) any litigation or governmental proceeding pending against Party B which
        could materially adversely affect the business, operations, property, assets,
        condition (financial or otherwise) or prospects of Party B and (ii) any other
        event which is likely to materially adversely affect the business, operations,
        property, assets, condition (financial or otherwise) or prospects of Party
        B.

      

      5.1.7
        Other
        Information.
        From
        time to time, such other information or documents (financial or otherwise)
        as
        Party A may reasonably request. 

      

      5.2
        Books,
        Records and Inspections.
        Party B
        will keep proper books of record and account in which full, true and correct
        entries in conformity with generally accepted accounting principles in the
        PRC
        and all requirements of law shall be made of all dealings and transactions
        in
        relation to its business and activities. Party B will permit officers and
        designated representatives of Party A to visit and inspect, under guidance
        of
        officers of Party B, any of the properties of Party B, and to examine the
        books
        of record and account of Party B and discuss the matters, finances and accounts
        of Party B with, and be advised as to the same by, its and their officers,
        all
        at such reasonable times and intervals and to such reasonable extent as Party
        A
        may request.

      

      5.3
        Corporate
        Franchises.
        Party B
        will do or cause to be done, all things necessary to preserve and keep in
        full
        force and effect its existence and its material rights, franchises and
        licenses.

      

      5.4
        Compliance
        with Statutes, etc.
        Party B
        will comply with all applicable statutes, regulations and orders of, and
        all
        applicable restrictions imposed by, all governmental bodies, in respect of
        the
        conduct of its business and the ownership of its property, including without
        limitation maintenance of valid and proper government approvals and licenses
        necessary to provide the services, except that such noncompliances could
        not, in
        the aggregate, have a material adverse effect on the business, operations,
        property, assets, condition (financial or otherwise) or prospects of Party
        B.

      

      
        
          
          

        

        
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      6.
        NEGATIVE COVENANTS

      

      Party
        B
        covenants and agrees that, during the term of this Agreement, without the
        prior
        written consent of Party A.

      

      6.1
        Equity.
        Party B
        will not issue, purchase or redeem any equity or debt securities of Party
        B.

      

      6.2
        Liens.
        Party B
        will not create, incur, assume or suffer to exist any Lien upon or with respect
        to any property or assets (real or personal, tangible or intangible) of Party
        B
        whether now owned or hereafter acquired, provided that the provisions of
        this
        Clause 6.2 shall not prevent the creation, incurrence, assumption or existence
        of:

      

      6.2.1
        Liens for taxes not yet due, or Liens for taxes being contested in good faith
        and by appropriate proceedings for which adequate reserves have been
        established; and

      6.2.2
        Liens in respect of property or assets of Party B imposed by law, which were
        incurred in the ordinary course of business, and (x) which do not in the
        aggregate materially detract from the value of such property or assets or
        materially impair the use thereof in the operation of the business of Party
        B or
        (y) which are being contested in good faith by appropriate proceedings, which
        proceedings have the effect of preventing the forfeiture or sale of the property
        of assets subject to any such Lien.

      

      6.3
        Consolidation,
        Merger, Sale of Assets, etc.
        Party B
        will not wind up, liquidate or dissolve its affairs or enter into any
        transaction of merger or consolidation, or convey, sell, lease or otherwise
        dispose of (or agree to do any of the foregoing at any future time) all or
        any
        part of its property or assets, or purchase or otherwise acquire (in one
        or a
        series of related transactions) any part of the property or assets (other
        than
        purchases or other acquisitions of inventory, materials and equipment in
        the
        ordinary course of business) of any Person, except that (i) Party B may make
        sales of inventory in the ordinary course of business and (ii) Party B may,
        in
        the ordinary course of business, sell equipment which is uneconomic or
        obsolete.

      

      6.4
        Dividends.
        Party B
        will not declare or pay any dividends, or return any capital, to its
        shareholders or authorize or make any other distribution, payment or delivery
        of
        property or cash to its shareholders as such, or redeem, retire, purchase
        or
        otherwise acquire, directly or indirectly, for a consideration, any shares
        of
        any class of its capital stock now or hereafter outstanding (or any options
        or
        warrants issued by Party B with respect to its capital stock), or set aside
        any
        funds for any of the foregoing purposes.

      

      6.5
        Leases.
        Party B
        will not permit the aggregate payments (including, without limitation, any
        property taxes paid as additional rent or lease payments) by Party B under
        agreements to rent or lease any real or personal property to exceed US$100,000
        in any fiscal year of Party B. 

      

      
        
          
          

        

        
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      6.6
        Indebtedness.
        Party B
        will not contract, create, incur, assume or suffer to exist any indebtedness,
        except accrued expenses and current trade accounts payable incurred in the
        ordinary course of business, and obligations under trade letters of credit
        incurred by Party B in the ordinary course of business, which are to be repaid
        in full not more than one (1) year after the date on which such indebtedness
        is
        originally incurred to finance the purchase of goods by Party B.

      

      6.7
        Advances,
        Investment and Loans.
        Party B
        will not lend money or credit or make advances to any Person, or purchase
        or
        acquire any stock, obligations or securities of, or any other interest in,
        or
        make any capital contribution to, any other Person, except that Parry A may
        acquire and hold receivables owing to it, if created or acquired in the ordinary
        course of business and payable or dischargeable in accordance with customary
        trade terms.

      

      6.8
        Transactions
        with Affiliates.
        Party B
        will not enter into any transaction or series of related transactions, whether
        or not in the ordinary course of business, with any Affiliate of Party B,
        other
        than on terms and conditions substantially as favorable to Party B as would
        be
        obtainable by Party B at the time in a comparable arm’s-length transaction with
        a Person other than an Affiliate and with the prior written consent of Party
        A.

      

      6.9
        Capital
        Expenditures.
        Party B
        will not make any expenditure for fixed or capital assets (including, without
        limitation, expenditures for maintenance and repairs which should be capitalized
        in accordance with generally accepted accounting principles in the PRC and
        including capitalized lease obligations) during any period set forth below
        (taken as one accounting period) which exceeds in the aggregate for Party
        B the
        amount of  commencing
        in the fiscal year.

      

      6.10
        Modifications
        to Debt Arrangements, Agreements or Articles of Association.
        Party B
        will not (i) make any voluntary or optional payment or prepayment on or
        redemption or acquisition for value of (including, without limitation, by
        way of
        depositing with the trustee with respect thereto money or securities before
        due
        for the purpose of paying when due) any existing Indebtedness or (ii) amend
        or
        modify, or permit the amendment or modification of, any provision of any
        existing Indebtedness or of any agreement (including, without limitation,
        any
        purchase agreement, indenture, loan agreement or security agreement) relating
        to
        any of the foregoing or (iii) amend, modify or change its Articles of
        Association or Business License, or any agreement entered into by it, with
        respect to its capital stock, or enter into any new agreement with respect
        to
        its capital stock.

      

      6.11
        Line
        of Business.
        Party B
        will not engage (directly or indirectly) in any business other than those
        types
        of business prescribed within the business scope of Party B’s business license
        and its above described Business, except with the prior written consent of
        Party
        A. 

      

      
        
          
          

        

        
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      7.
        TERM
        AND TERMINATION

       

      7.1
        This
        Agreement shall take effect on the date of execution of this Agreement and
        shall
        remain in full force and effect unless terminated pursuant to Clause
        7.2.

      

      7.2
        This
        Agreement may be terminated:

      

      7.2.1
        by
        either Party giving written notice to the other Party if the other Party
        has
        committed a material breach of this Agreement (including but not limited
        to the
        failure by Party B to pay the Consulting Services Fee) and such breach, if
        capable of remedy, has not been so remedied within, in the case of breach
        of a
        non-financial obligation, 14 days, following receipt of such written
        notice;

      

      7.2.2
        either Party giving written notice to the other Party if the other Party
        becomes
        bankruptcy or insolvent or is the subject of proceedings or arrangements
        for
        liquidation or dissolution or ceases to carry on business or becomes unable
        to
        pay its debts as they come due;

      

      7.2.3  by
        either
        Party giving written notice to the other Party if, for any reason, the
        operations of Party A are terminated;

      

      7.2.4
        by
        either Party giving written notice to the other Party if the business license
        or
        any other license or approval material for the business operations of Party
        B is
        terminated, cancelled or revoked;

       

      7.2.5
        by
        either Party giving written notice to the other Party if circumstances arise
        which materially and adversely affect the performance or the objectives of
        this
        Agreement; or

      

      7.2.6
        by
        election of Party A with or without reason.

      

      7.3
        Any
        Party electing properly to terminate this Agreement pursuant to Clause 7.2
        shall
        have no liability to the other Party for indemnity, compensation or damages
        arising solely from the exercise of such right. The expiration or termination
        of
        this Agreement shall not affect the continuing liability of Party B to pay
        any
        Consulting Services Fees already accrued or due and payable to Party A. Upon
        expiration or termination of this Agreement, all amounts then due and unpaid
        to
        Party A by Party B hereunder, as well as all other amounts accrued but not
        yet
        payable to Party A by Party B, shall forthwith become due and payable by
        Party B
        to Party A.

      

      
        
          
          

        

        
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      8.
        PARTY
        A’S REMEDY UPON PARTY B’S BREACH. In addition to the remedies provided elsewhere
        under this Agreement, Party A shall be entitled to remedies permitted under
        PRC
        laws, including without limitation compensation for any direct and indirect
        losses arising from the breach and legal fees incurred to recover losses
        from
        such breach.

      

      9.
        GOVERNING LAW AND JURISDICTION

       

      9.1
        Governing
        Law.
        This
        Agreement shall be governed by, and construed in accordance with, the laws
        of
        the PRC.

      

      9.2
        Arbitration.
        

      9.2.1 Any
        dispute arising from, out of or in connection with this Agreement shall be
        settled through friendly consultations between the Parties. Such consultations
        shall begin immediately after one Party has delivered to the other Party
        a
        written request for such consultation. If within ninety (90) days following
        the
        date on which such notice is given, the dispute cannot be settled through
        consultations, the dispute shall, upon the request of any Shareholder with
        notice to the other Party, be submitted to arbitration in China under the
        auspices of China International Economic and Trade Arbitration Commission
        (the
“CIETAC”).
        The
        Parties shall jointly appoint a qualified interpreter for the arbitration
        proceedings and shall be responsible for sharing in equal portions the expenses
        incurred by such appointment.

      

      9.2.2
         Number
        and Selection of Arbitrators.
        There
        shall be three (3) arbitrators. Party B shall select one (1) arbitrator and
        Party A shall select one (1) arbitrator, and both arbitrator shall be selected
        within thirty (30) days after giving or receiving the demand for arbitration.
        Such arbitrators shall be freely selected, and the Parties shall not be limited
        in their selection to any prescribed list. The chairman of the CIETAC shall
        select the third arbitrator. If a Party does not appoint an arbitrator who
        has
        consented to participate within thirty (30) days after the selection of the
        first arbitrator, the relevant appointment shall be made by the chairman
        of the
        CIETAC.

      

      9.2.3 Language.
        Unless
        otherwise provided by the arbitration rules of CIETAC, the arbitration
        proceeding shall be conducted in English. The arbitration tribunal shall
        apply
        the arbitration rules of the CIETAC in effect on the date of the signing
        of this
        Agreement. However, if such rules are in conflict with the provisions of
        this
        Clause, including the provisions concerning the appointment of arbitrators,
        the
        provisions of this Clause shall prevail.

      

      9.2.4 Cooperation;
        Disclosure.
        Each
        Party shall cooperate with the other Party in making full disclosure of and
        providing complete access to all information and documents requested by the
        other Party in connection with such proceedings, subject only to any
        confidentiality obligations binding on such Parties.

      

      9.2.5 Jurisdiction
        of the Arbitration Award Enforcement.
        The
        arbitration award shall be final and binding upon Parties. It may be entered
        into by any court having jurisdiction, or application may be made to such
        court
        for a judicial recognition of the award or any order of enforcement
        thereof.

      

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      10
        Continuing
        Obligations.
        During
        the period when a dispute is being resolved, the Parties shall in all other
        respects continue their implementation of this Agreement.

      

      11.
        ASSIGNMENT. No part of this Agreement shall be assigned or transferred by
        either
        Party without the prior written consent of the other Party. Any such assignment
        or transfer shall be void. Party A, however, may assign its rights and
        obligations hereunder to an Affiliate.

      

      12.
        NOTICES. Notices or other communications required to be given by any party
        pursuant to this Agreement shall be written in English and Chinese and delivered
        personally or sent by registered mail or postage prepaid mail or by a recognized
        courier service or by facsimile transmission to the address of relevant each
        party or both parties set forth below or other address of the party or of
        the
        other addressees specified by such party from time to time. The date when
        the
        notice is deemed to be duly served shall be determined as the follows: (a)
        a
        notice delivered personally is deemed duly served upon the delivery; (b)
        a
        notice sent by mail is deemed duly served the tenth (10th)
        day after the date when the air registered mail with postage prepaid has
        been
        sent out (as is shown on the postmark), or the fourth (4th)
        day after the delivery date to the internationally recognized courier service
        agency; and (c) a notice sent by facsimile transmission is deemed duly served
        upon the receipt time as is shown on the transmission confirmation of relevant
        documents. 

       

      
        	
                Party
                  A:

              	
                  

              	
                Shiming
                  (Xi’an) Enterprise Management & Consulting Co.,
                  Ltd.

              
	 	 	 
	
                Address:

              	
                  

              	
                No.
                  2, 12th
                  Floor, Gaoxin 2nd
                  Road, Shanxi Security Plaza, Xi’an High Tech and New Technology
                  Development Zone, Xi’an, Shaanxi Province, China 710075

              
	 	 
	
                Party
                  B:

              	
                  

              	
                Shaanxi
                  Shiming Science & Technology Joint Stock Co., Ltd 

              
	 	 	 
	
                Address:

              	
                  

              	
                No.
                  2, 12th
                  Floor, Gaoxin 2nd
                  Road, Shanxi Security Plaza, Xi’an High Tech and New Technology
                  Development Zone, 

              
	 	 	
                Xi’an,
                  Shaanxi Province, China, 710075

              

      

      

      13.
        GENERAL

       

      13.1
        The
        failure to exercise or delay in exercising a right or remedy under this
        Agreement shall not constitute a waiver of the right or remedy or waiver
        of any
        other rights or remedies and no single or partial exercise of any right or
        remedy under this Agreement shall prevent any further exercise of the right
        or
        remedy or the exercise of any other right or remedy.

       

      13.2
        Should any clause or any part of any Clause contained in this Agreement be
        declared invalid or unenforceable for any reason whatsoever, all other clauses
        or parts of clauses contained in this Agreement shall remain in full force
        and
        effect.

       

      13.3
        This
        Agreement constitutes the entire agreement between the Parties relating to
        the
        subject matter of this Agreement and supersedes all previous
        agreements.

       

      13.4
        No
        amendment or variation of this Agreement shall be valid unless it is in writing
        and signed by or on behalf of each of the Parties.

       

      13.5
        This
        Agreement shall be executed in two originals in Chinese.

      

      

      [SIGNATURE
        PAGE FOLLOWS]

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      SIGNATURE
        PAGE

      

      IN
        WITNESS WHEREOF
        both
        parties hereto have caused this Agreement to be duly executed by their legal
        representatives and duly authorized representatives on their behalf as of
        the
        date first set forth above. 

       

       

      

      

      
        	PARTY A:	 	Shiming (Xi’an) Enterprise Management &
                Consulting Co., Ltd.
	 	 	 
	 	 	
              
	 	 	/s/ Shiming
                Wang                                                               
                
	 	 	Chairman
	 	 	 
	 	 	 
	PARTY B: 	 	 
	 	 	 
	 	 	
              
	 	 	Shaanxi Shiming Science & Technology
                Joint Stock Co., Ltd.
	 	 	 
	 	 	 
	 	 	/s/ Shiming
                Wang                                                                  
                
	 	 	President

      

       

      

      
        
          
          

        

        
          13OPERATING
      AGREEMENT

    (English
      Translation)

     

    This
      Operating Agreement (this “Agreement”)
      is
      dated August 25, 2006, and is entered into in Xi’an, China between Shiming
      (Xi’an) Enterprise Management & Consulting Co., Ltd. a company incorporated
      under the laws of the People’s Republic of China, , located at No. 2,
      12th
      Floor,
      Gaoxin 2nd
      Road,
      Shanxi Security Plaza, Xi’an High Tech and New Technology Development Zone,
      Xi’an, Shaanxi Province,, China 710075, (“Party
      A”),
      and
      Shaanxi Shiming Science & Technology Joint Stock Co., Ltd., a joint stock
      limited liability company organized under the laws of the PRC (“Party
      B”),
      with
      a registered address at No. 2, 12th
      Floor,
      Gaoxin 2nd
      Road,
      Shaanxi Security Plaza, Xi’an High Tech and New Technology Development Zone,
      Xi’an, Shaanxi Province, China 710075, and shareholders holding over 95%
      outstanding shares of Party B (the “Shareholders of Party B”). Party A and Party
      B, and Shareholders of Party B are referred to collectively in this Agreement
      as
      the “Parties.”

     

    RECITALS

     

    
      	
              1.

            	
              Party
                A is a company incorporated in Xi’an, China under the laws of the People’s
                Republic of China, which has the technological expertise in development
                and sales of consumer electronics;

            

    

     

    
      	
              2.

            	
              Party
                B is a high tech company incorporated in Xi’an, China, and is engaged in
                development and sales of consumer electronics, and through its majority
                owned subsidiary, Shenzhen Seathan Technology Co., Ltd. (“Seathan
                Technology”), designs and manufactures high-definition televisions and
                computer monitors (the “Business”);

            

    

     

    
      	
              3.

            	
              The
                undersigned Shareholders of Party B collectively own over 95% of
                the
                equity interests of Party B; 

            

    

     

    
      	
              4.

            	
              Party
                A has established a business relationship with Party B by entering
                into
                the “Consulting Services Agreement” dated August 25, 2006 (hereinafter
                referred to as the “Services
                Agreement”),
                and Party B’s daily operations will have a material effect on its ability
                to pay the fees payable to Party A;

            

    

     

    
      	
              5.

            	
              Pursuant
                to the above-mentioned agreement between Party A and Party B, Party
                B
                shall pay certain consulting fees to Party A.

            

    

     

    
      	
              6.

            	
              The
                Parties are entering into this Agreement to further define and clarify
                the
                relationship between Party A and Party B, relating to Party B’s
                operations. 

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    NOW
      THEREFORE,
      all
      parties of this Agreement hereby mutually agree as follows: 

     

    
      	
              1.

            	
              Party
                A agrees, subject to the satisfaction of the relevant provisions
                by Party
                B herein, as the guarantor for Party B in the contracts, agreements
                or
                transactions in connection with Party B’s operation between Party B and
                any other third party, to provide full guarantee for the performance
                of
                such contracts, agreements or transactions by Party B. Party B agrees,
                as
                a counter-guarantee, to pledge all of its assets, including accounts
                receivable, to Party A. According to the aforesaid guarantee, Party
                A
                wishes to enter into written guarantee agreements with Party B’s counter
                parties thereof to assume liability as the guarantor when and if
                needed;
                therefore, Party Band Shareholders of Party B shall take all necessary
                actions (including but not limited to executing and delivering relevant
                documents and filing of relevant registrations) to carry out the
                arrangement of counter-guarantee to Party A.

            

    

     

    
      	
              2.

            	
              In
                consideration of the requirement of Article 1 herein and assuring
                the
                performance of the Services Agreement between Party A and Party B
                and the
                payment of the payables accounts by Party B to Party A, Party B together
                with the Shareholders of Party B hereby jointly and severally agree
                that
                Party B shall not conduct any transaction which may materially affects
                its
                assets, obligations, rights or the operations of Party B (excluding
                the
                business contracts, agreements, sell or purchase assets during Party
                B’s
                regular operation and the lien obtained by relevant counter parties
                due to
                such agreements) prior written consent of Party A, including but
                not
                limited to the following: 

            

    

     

    
      	
               

            	
              2.1

            	
              To
                borrow money from any third party or assume any debt;
                

            

    

     

    
      	
               

            	
              2.2

            	
              To
                sell, license, transfer, or acquire from or to any third party any
                asset
                or right, including but not limited to any plant, equipment, real
                property
                or personal property, or any intellectual property right;
                

            

    

     

    
      	
               

            	
              2.3

            	
              To
                provide any guarantees to any third parties using its assets or
                intellectual property rights or to provide any guaranty for any third
                party obligations; 

            

    

     

    
      	
               

            	
              2.4

            	
              To
                assign to any third party any agreements related to the Business.
                

            

    

     

    
      	
               

            	
              2.5

            	
              To
                engage in any other business consulting agreements with any third
                party or
                to engage in any other business activities other than the Business.
                

            

    

    

    
      	
              3.

            	
              In
                order to ensure the performance of the Services Agreement between
                Party A
                and Party B and the payment of the various payables by Party B to
                Party A,
                Party B together with the Shareholders of Party B hereby jointly
                and
                severally agree to accept, from time to time, operation guidance
                set by
                Party A on, including but not limited to, business and marketing
                strategies, business planning, business operation guidance, the
                appointment and dismissal of its directors and officers, the hiring
                and
                firing employees, its daily operation of the Business, and its financial
                and budgeting system.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	
              4.

            	
              Party
                B together with the Shareholders of Party B hereby jointly and severally
                agree that and the Shareholders of Party B shall appoint the person
                recommended by Party A as the directors of Party B, and Party B shall
                appoint Party A’s senior managers as Party B’s General Manager, Chief
                Financial Officer, and other senior officers. If any of the above
                senior
                officers leaves or is dismissed by Party A, he or she will lose the
                qualification to take any position in Party B and Party B shall appoint
                other senior officers of Party A recommended by Party A to take such
                position. The person recommended by Party A in accordance with this
                Article herein should comply with the stipulation on the qualifications
                of
                directors, General Manager, Chief Financial Officer, and other senior
                officers pursuant to applicable law.

            

    

     

    
      	
              5.

            	
              Party
                B together with the Shareholders of Party B hereby jointly and severally
                agree and confirm that Party B shall seek the guarantee from Party
                A first
                if it needs any guarantee for its performance of any contract or
                loan of
                flow capital in the course of operation. In such case, Party A shall
                have
                the right but not the obligation to provide the appropriate guarantee
                to
                Party B on its own discretion. If Party A decides not to provide
                such
                guarantee, Party A shall issue a written notice to Party B immediately
                and
                Party B shall seek a guarantee from other third party.
                

            

    

     

    
      	
              6.

            	
              In
                the event that any of the agreements between Party A and Party B
                terminates or expires, Party A shall have the right but not the obligation
                to terminate all agreements between Party A and Party B including
                but not
                limited to the Services Agreement. 

            

    

     

    
      	
              7.

            	
              Any
                amendment and supplement of this Agreement shall be made in writing.
                The
                amendment and supplement duly executed by all parties shall be deemed
                as a
                part of this Agreement and shall have the same legal effect as this
                Agreement. 

            

    

     

    
      	
              8.

            	
              If
                any clause hereof is judged as invalid or non-enforceable according
                to
                applicable laws, such clause shall be deemed invalid only with respect
                to
                the affected clauses, and without affecting other clauses hereof
                in any
                way. 

            

    

     

    
      	
              9.

            	
              Party
                B shall not assign its rights and obligations under this Agreement
                to any
                third party without the prior written consent of Party A. Party B
                hereby
                agrees that Party A may assign its rights and obligations under this
                Agreement at its discretion and such transfer shall only be subject
                to a
                written notice sent to Party B by Party A, and no any further consent
                from
                Party B will be required. 

            

    

     

    
      	
              10.

            	
              All
                parties acknowledge and confirm that any oral or written materials
                communicated pursuant to this Agreement are confidential documents.
                All
                parties shall keep secret of all such documents and not disclose
                any such
                documents to any third party without prior written consent (except
                the
                written consent of the Shareholders of Party B shall not be required)
                from
                other parties except under the following conditions: (a) such documents
                are known or shall be known by the public (excluding the receiving
                party
                discloses such documents to the public without authorization); (b)
                any
                documents disclosed in accordance with applicable laws or rules or
                regulations of stock exchange; (c) any documents required to be disclosed
                by any party to its legal counsel or financial consultant for the
                purpose
                of the transaction of this Agreement by any party, and such legal
                counsel
                or financial consultant shall also comply with the confidentiality
                as
                stated hereof. Any disclosure by employees or agencies employed by
                any
                party shall be deemed the disclosure of such party and such party
                shall
                assume the liabilities for its breach of contract pursuant to this
                Agreement. This Article shall survive termination of this Agreement.
                

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
              11.

            	
              This
                Agreement shall be governed by and construed in accordance with the
                laws
                of the PRC. 

            

    

     

    
      	
              12.

            	
              The
                parties shall strive to settle any dispute arising from the interpretation
                or performance of this Agreement through friendly consultation. In
                case no
                settlement can be reached through consultation, each party can submit
                such
                matter to China International Economic and Trade Arbitration Commission
                (“CIETAC”)
                for arbitration in accordance with its rules of CIETAC. The arbitration
                proceedings shall take place in Beijing and shall be conducted in
                Chinese.
                Any resulting arbitration award shall be final and conclusive and
                binding
                upon all the parties. 

            

    

     

    
      	
              13.

            	
              This
                Agreement shall be executed by a duly authorized representative of
                each
                party as of the date first written above and become effective
                simultaneously. 

            

    

     

    
      	
              14.

            	
              Notwithstanding
                Article 13 hereof, the parties confirm that this Agreement shall
                constitute the entire agreement of the Parties with respect to the
                subject
                matters therein and supersedes and replaces all prior or contemporaneous
                verbal and written agreements and
                understandings.

            

    

     

    
      	
              15.

            	
              The
                term of this agreement is ten (10) years unless early termination
                occurs
                in accordance with relevant provisions herein or in any other relevant
                agreements reached by all parties. This Agreement may be extended
                only
                upon Party A’s written confirmation prior to the expiration of this
                Agreement and the extended term shall be determined by the Parties
                hereto
                through mutual consultation. During the aforesaid term, if Party
                A or
                Party B is terminated at expiration of the operation term (including
                any
                extension of such term) or by any other reason, this Agreement shall
                be
                terminated upon such termination of such party, unless such party
                has
                already assigned its rights and obligations in accordance with Article
                9
                hereof. 

            

    

     

    
      	
              16.

            	
              This
                Agreement shall be terminated on the expiration date unless it is
                renewed
                in accordance with the relevant provision herein. During the valid
                term of
                this Agreement, Party B shall not terminate this Agreement.
                Notwithstanding the above stipulation, Party A shall have the right
                to
                terminate this Agreement at any time by issuing a thirty (30) days
                prior
                written notice to Party B. 

            

    

     

    
      	
              17.

            	
              This
                Agreement has been executed in duplicate originals, each Party has
                received one (1) duplicate original, and all originals shall be equally
                valid. This Agreement has both an English version and a Chinese version.
                Both versions are equally authentic. Where a comparison of the authentic
                texts of both versions of this Agreement discloses a difference in
                meaning, the meaning which best reconciles the texts, having regard
                to the
                object and purpose of this Agreement shall be
                adopted.

            

    

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
 

    SIGNATURE
      PAGE

    

    IN
      WITNESS WHEREOF
      each
      party hereto has caused this Agreement duly executed by itself or a duly
      authorized representative on its behalf as of the date first written above.
      

    

    

    

    
      	PARTY A:	 	Shiming (Xi’an) Enterprise Management &
              Consulting Co., Ltd.
	 	 	 
	 	 	 
	 	 	/s/ Shiming
              Wang                                                 
              
	 	 	Chairman
	 	 	 
	 	 	 
	PARTY B: 	 	 
	 	 	 
	 	 	Shaanxi Shiming Science & Technology
              Joint Stock Co., Ltd.
	 	 	 
	 	 	 
	 	 	/s/ Shiming
              Wang                                                
              
	 	 	President

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    

    SIGNATURE
      PAGE FOR SHAREHOLDERS OF PARTY B

    

    
      
        	SHAREHOLDERS
                OF PARTY
                B:
	 	 	 	 
	 	Shaanxi Meixian Shiming
                Non-Ferrous
                Metallurgy Co., Ltd. (“Meixian”)
	 	Shares of Shiming Company
                owned by
                Meixian 38000000
	 	 	 	 
	 	 	 	 
	 	 	/s/ Shiming
                Wang                                                  
                
	 	 	President
	 	 	 	 

      

       

      
        	 	/s/ Shiming
                Wang                                                             
                
	 	 	Shiming Wang (PRC ID Card
                No.:
                610326570221061)
	 	 	Shares of Shiming Company
                owned by
                Shiming Wang: 12900000

      

       

       

      
        	 	/s/ Nairang
                Liu                                                                   
                
	 	 	Nairang Liu (PRC ID Card
                No.:
                610326631127043)
	 	 	Shares of Shiming Company
                owned by
                Nairang Liu: 3470000

      

       

       

      
        
          	 	/s/ Liehua Wang 
                                                                                
                  
	 	 	Liehua Wang (PRC ID
                  Card No.:
                  610421541129002)
	 	 	Shares of Shiming Company
                  owned by
                  Liehua Wang: 3408800

        

      

    

     

     

    
      
        
          	 	/s/ Genyun
                  Qu                                                                    
                  
	 	 	Genyun Qu (PRC ID Card
                  No.:
                  610421501011001)
	 	 	Shares of Shiming Company
                  owned by
                  Genyun Qu: 2930000

      

    

     

     

    
      
        
          
            	 	/s/ Rui
                    Wang                                                                 
                         
	 	 	Rui Wang (PRC ID Card
                    No.:
                    610326810124041)
	 	 	Shares of Shiming
                    Company owned by
                    Rui Wang: 2720000

        

      

    

     

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
       

      
        
          
            
              	 	/s/ Ziyuan
                      Lu     
                                                                                      
                      
	 	 	Ziyuan Lu (PRC ID
                      Card No.:
                      610102621205358)
	 	 	Shares of Shiming
                      Company owned by
                      Ziyuan Lu: 435000

          

        

      

       

    

    
       

      
         

        
          
            
              
                	 	/s/ Yan Luo   
                                                                                             
                        
	 	 	Yan Luo (PRC ID
                        Card No.:
                        51012619720106140X)
	 	 	Shares of Shiming
                        Company owned by
                        Yan Luo: 435000

            

          

        

         

      

    

    
      
         

        
          
            
              
                	 	/s/ Yan Luo   
                                                                                             
                        
	 	 	Yan Luo (PRC ID
                        Card No.:
                        51012619720106140X)
	 	 	Shares of Shiming
                        Company owned by
                        Yan Luo: 435000

            

          

        

         

        
          
             

            
              
                
                  
                    	 	/s/ Cunhu
                            Yang                                                                  
                            
	 	 	Cunhu Yang
                            (PRC ID Card No.:
                            610104196210016177)
	 	 	Shares of
                            Shiming Company owned by
                            Cunhu Yang: 362400

                

              

            

             

          
 
          
            
              
                
                  
                    	 	/s/ Wanjun
                            Shu                                                                  
                            
	 	 	Wanjun Shu
                            (PRC ID Card No.:
                            610124510805001)
	 	 	Shares of
                            Shiming Company owned by
                            Wanjun Shu: 271800

                   

                  
                    	 	Attorney-in-fact
                            for
                            certain shareholders of Party B:
	 	Shiming (Xi’an) Enterprise
                            Management & Consulting Co., Ltd.
	 	 	 
	 	/s/ Shiming
                            Wang                                                             
                            
	 	By: Shiming
                            Wang
	 	As attorney-in-fact
                            pursuant to
                            that certain Power of Attorney, Shareholders’ Voting Rights, Proxy
                            Agreement and Covenant Not to Sue dated January 15,
                            2006

                  

                

              

            

             

            
              
                 

              

              
                7

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