Document:

[Reference
      Translation]

     

    
      	 
	
               

               

              Exclusive
                Cooperation
                Agreement

               

               

            

    

    

    

    by
      and between

    

    Hubei
      Chutian Broadcasting and Television Network Co., Ltd.

    

    and

    

    Hubei
      Chutian Video Communication Network Co., Ltd.

     

    
 

     

    June
      2008

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Table
      of Contents

    

    
      	
              Article

            	 	
              Page

            
	 	 	 
	
              1.

            	
              DEFINITIONS
                AND INTERPRETATIONS

            	
              2

            
	
              2.

            	
              REPRESENTATIONS
                AND WARRANTIES

            	
              4

            
	
              3.

            	
              SERVICES
                PROVIDED BY PARTY B TO PARTY A

            	
              4

            
	
              4.

            	
              SHARE
                OF THE RESOURCES BY THE PARTIES

            	
              5

            
	
              5.

            	
              NON-COMPETITION

            	
              5

            
	
              6.

            	
              FEES
                AND PAYMENT TERMS

            	
              6

            
	
              7.

            	
              FINANCIAL
                MANAGEMENT

            	
              6

            
	
              8.

            	
              EFFECTIVE
                DATE, BREACH AND TERMINATION

            	
              7

            
	
              9.

            	
              GOVERNING
                LAW AND DISPUTE RESOLUTION

            	
              10

            
	
              10.
                

            	
              MISCELLANEOUS
                PROVISIONS

            	
              10

            

    

     

    
      
        

      

      Exclusive
        Service Agreement

       

    

    
      
        
        

      

      
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          1
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    THIS
      EXCLUSIVE COOPERATION AGREEMENT
      (Agreement)
      is made
      on this fifth
      day
      of
      June 2008
      in
      Wuhan, Hubei Province, People's Republic of China ("PRC")
      

    

    by
      and between:

    

    
      	
              (1)

            	
              Hubei
                Chutian Broadcasting and Television Network Co., Ltd. (Party
                A),
                a
                legal entity established under the laws of the PRC with its registered
                address at Special No.1 Zijin Village, Liangdao Street, Wuchang District,
                Wuhan City, Hubei 430071, the PRC;
                and

            

    

    

    and

    

    
      	
              (2)

            	
              Hubei
                Chutian Video Communication Network Co., Ltd. (Party
                B),
                a
                legal entity established under the laws of the PRC with its registered
                address with its registered address at 12th Floor, Block B, Chutian
                Urban
                Garden, 1 Zhongbei Avenue, Wuchang, Wuhan, Hubei Province 430071,
                the PRC,
                whose legal representative is XIONG Xianting.

            

    

    

    (individually
      a Party,
      and
      collectively, the Parties).

    

    RECITALS

    

    
      	
              A.

            	
              Party
                B shall provide exclusive services for Party A to engage in the Business
                in the Exclusive Cooperation Areas;

            

    

    

    
      	
              B.

            	
              Party
                A are engaged in the Business (as defined below) and have obtained
                the
                necessary permit for the lawful operation of its
                Business;

            

    

    

    
      	
              C.

            	
              Party
                A is willing to accept technical support services in relation to its
                Business, and Party B is willing to provide such
                services.

            

    

    

    NOW,
      THEREFORE,
      THE
      PARTIES AGREE AS FOLLOWS:

    

    
      	
              1.

            	
              DEFINITIONS
                AND INTERPRETATIONS

            

    

     

    
      
        	 	
                1.1

              	
                Definitions.
                  Unless otherwise indicated, the following terms in this Agreement
                  shall
                  have the meanings set forth below:

              

      

      

      
        	
                Effective
                  Date

              	
                the
                  effective date of this Agreement, which shall be the date first
                  indicated
                  above;

              
	 	 
	
                Event
                  of Breach

              	
                as
                  defined in Article 8.3 below;

              
	 	 

      

      
         

        
          
            

          

          Exclusive
            Service Agreement

           

        

      

      
        
          
          

        

        
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                Business

              	
                any
                  business with respect to the design, construction, operation and
                  maintenance of cable TV projects and networks (including TV fee
                  collection
                  of distribution net and network leases); any business with respect
                  to the
                  management of construction, marketing and operation of the analog
                  and
                  digital TV networks and digital TVs (including sale of set-top
                  Boxes, sale
                  of pay-per-program and digital TV fee collection); and value-added
                  network
                  business; 

              
	 	 
	
                Exclusive
                  

                Cooperation
                  Area

              	
                refers
                  to the
                  following municipal cities, districts, counties, independent factories
                  and
                  mines in which the cable TV distribution networks are acquired
                  by Party A:
                  Xiantao City, Qianjiang City, Jinxiang Group, Yicheng City, Gong’an
                  County, Baokang County, Yuan’an County, Jingshan County, Dangyang City,
                  Shayang County, Guangshui City, Shennongjia Forest Area, Yingshan
                  County,
                  Qujialing Administration Zone, Tongcheng County, Longganhu Administration
                  Zone, and Zhongxiang City; 

              
	 	 
	
                Financial
                  Statements

              	
                cash
                  flow statements, balance sheets, profit and loss statements and
                  any other
                  financial statements relating to the Business, which shall be prepared
                  in
                  accordance with international accounting standards;

              
	 	 
	
                PRC
                  Law

              	
                all
                  laws and regulations of the PRC which are applicable upon and after
                  the
                  date of signing of this Agreement;

              
	 	 
	
                Project
                  Account

              	
                as
                  defined in Article 7.1.1;

              
	
                 

              	 
	
                RMB

              	
                Renminbi,
                  the lawful currency of the PRC.

              

      

      

      
        	 	
                1.2

              	
                Interpretations. 

              

      

      

      
        	 	
                1.2.1

              	
                The
                  headings herein are for reference purposes only and do not affect
                  the
                  meaning or interpretation of any provision hereof.
                  

              

      

      
         

        
          
            

          

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            Service Agreement

           

        

      

      
        
          
          

        

        
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                1.2.2

              	
                Any
                  reference herein to an Article or Appendix is to an article or
                  appendix of
                  this Agreement. 

              

      

      

      
        	 	
                1.2.3

              	
                Unless
                  otherwise indicated, a reference herein to a day, month or year
                  is to a
                  calendar day, month or year. A reference to a business day is to
                  a day on
                  which commercial banks are open for business in the PRC.
                  

              

      

      

      
        	
                2.

              	
                REPRESENTATIONS
                  AND WARRANTIES

              

      

      

      
        	 	
                2.1

              	
                Parties.
                  Each Party represents and warrants that, as of the date of signing
                  hereof:

              

      

      

      
        	 	
                2.1.1

              	
                it
                  has full power and authority to execute and deliver this Agreement
                  and to
                  perform its responsibilities and obligations hereunder;
                  and

              

      

      

      
        	 	
                2.1.2

              	
                it
                  shall maintain as strictly confidential the provisions and existence
                  of
                  this Agreement and any information relating to the Business of
                  the other
                  Party to which it might have access during the performance of this
                  Agreement, including without limitation customer database, financial
                  and
                  business development plans, market research and other information
                  deemed
                  to be confidential by such other
                  Party.

              

      

       

      
        	
              	2.2	
                Party
                  A.  Party
                  A represents and warrants that, as of the date of signing hereof,
                  it has
                  obtained and will maintain the validity of all permits from the
                  relevant
                  governmental authorities necessary for the lawful operation of
                  its
                  business and its performance of this
                  Agreement.

              

      

      

      
        	
                3.

              	
                SERVICES
                  PROVIDED BY PARTY B TO PARTY
                  A

              

      

      

      
        	 	
                3.1

              	
                Exclusivity.
                  Party A and Party B shall engage in an exclusive operational cooperation
                  in relation to any and all fields of the Business, and Party A
                  shall
                  ensure that Party B exclusively provides any and all services in
                  relation
                  to the Business of Party A.

              

      

      

      
        	 	
                3.2

              	
                Business-Related
                  Services.
                  Party B undertakes to provide, in the Exclusive Cooperation Area,
                  various
                  technical services to Party A including but not limited to, exclusively
                  engaging in the operational cooperation with Party A in the
                  following:

              

      

      

      
        	 	
                3.2.1

              	
                Collecting
                  the license fees and installment fees from analog cable TV
                  users;

              

      

      

      
        	 	
                3.2.2

              	
                Collecting
                  the license fees and installment fees from digital cable TV
                  users;

              

      

      
         

        
          
            

          

          Exclusive
            Service Agreement

           

        

      

      
        
          
          

        

        
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                3.2.3

              	
                Collecting
                  channel landing fees;

              

      

      

      
        	 	
                3.2.4

              	
                The
                  marketing, promotion and sales of digital TV set-top
                  Boxes;

              

      

      

      
        	 	
                3.2.5

              	
                The
                  building and maintenance of the cable TV network;
                  

              

      

      

      
        	 	
                3.2.6

              	
                The
                  marketing, promotion and sales of businesses in relation to broadcast
                  and
                  television network broadband access;

              

      

      

      
        	 	
                3.2.7

              	
                the
                  operation of businesses in relation to wireless network transmission
                  and
                  cable TV;

              

      

      

      
        	 	
                3.2.8

              	
                Providing
                  Party A with various troubleshooting, software support and other
                  technology services;

              

      

      

      
        	 	
                3.2.9

              	
                Providing
                  Party A with the developments, updates and upgrades in relation
                  to the
                  provider application software and user application
                  software;

              

      

      

      
        	 	
                3.2.10

              	
                Providing
                  Party A with training services for technology staff and technology
                  consulting services in relation to the business; and
                  

              

      

      

      
        	 	
                3.2.11

              	
                Providing
                  Party A with other applicable technology
                  services.

              

      

      

      
        	4.	
                SHARED
                  RESOURCES OF THE PARTIES

              

      

       

      
        	 	
                4.1

              	
                Party
                  A and Party B shall share their resources, which include but is
                  not
                  limited to, Government Approvals and client information (client
                  database,
                  etc.); 

              

      

       

      
        	 	
                4.2

              	
                Party
                  A shall provide Party B with all support and most favoured treatment
                  in
                  relation to the Business, which include but is not limited to,
                  providing
                  Party B with the right to use its business facilities and
                  offices.

              

      

      

      
        	
                5.

              	
                NON-COMPETITION
                  

              

      

      

      
        	 	
                5.1

              	
                Party
                  A shall not directly or indirectly or cause its respective shareholders
                  to
                  directly or indirectly(through agency or other methods) encourage
                  or ask
                  for any invitation from, accept suggestions of, consult or negotiate
                  with,
                  or provide any information to any other individual or entity related
                  to
                  any transaction or services under this
                  Agreement.

              

      

      

      
        	 	
                5.2

              	
                If
                  Party A or any of its shareholders, are in receipt of suggestions
                  or other
                  information with respect to the
                  transactions hereunder from a third party, Party A must immediately
                  notify
                  the contents of such information to Party B. Party A shall ensure
                  that its
                  shareholders comply with this Article. Party A will be liable for
                  any
                  breach of this Article by its shareholders.

              

      

      
         

        
          
            

          

          Exclusive
            Service Agreement

           

        

      

      
        
          
          

        

        
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                6.

              	
                FEES
                  AND PAYMENT TERMS

              

      

       

      
        	 	
                6.1

              	
                In
                  consideration for the services provided by Party B to Party A,
                  Party A
                  shall pay Party B the service fees which shall be of an amount
                  equivalent
                  to the revenue, before any applicable taxes (not including any
                  applicable
                  business taxes), that is accrued by Party A in
                  the Exclusive Cooperation Area during the term of this agreement
                  and the
                  first renewal period. If Party A and Party B require the adjustment
                  of the
                  revenue transfer arrangement that is based on the transfer structure,
                  Party A shall use best efforts to cooperate with Party B to implement
                  a
                  the necessary revenue transfer mechanism. The service fee shall
                  be
                  remitted in full, in RMB, to Party B's designated bank account
                  within 5
                  days after the last day of the preceding month. At such time, Party
                  A
                  shall also provide to Party B the relevant Financial Statements
                  for the
                  corresponding month, as well as any other relevant documents and/or
                  information regarding the calculation of the service
                  fee.

              

      

      

      
        	 	
                6.2

              	
                Other
                  fees.
                  The Parties hereby expressly agree that there shall not be any
                  other
                  payment obligations arising from the service requirements, other
                  than the
                  services fees expressly stipulated to in Article
                  6.1.

              

      

      

      
        	
                7.

              	
                FINANCIAL
                  MANAGEMENT 

              

      

      

      
        	 	
                7.1

              	
                Project
                  Account.
                  The Parties agree that, in the interests of clarity, all receivables
                  and
                  payables relating to the Business that are generated or incurred
                  in the
                  Exclusive Cooperation Area during the term of this Agreement shall
                  be only
                  remitted to and withdrawn from the same dedicated bank account,
                  in
                  accordance with the following
                  provisions:

              

      

      

      
        	 	
                7.1.1

              	
                within
                  30 days after the Effective Date, Party A shall open a RMB bank
                  account in
                  its name for use specifically in respect of the Business (Project
                  Account);

              

      

      

      
        	 	
                7.1.2

              	
                the
                  Project Account shall be opened at the Beijing branch of a bank
                  agreed to
                  by the Party A and Party B, and shall be set up such that the personal
                  seals of 1 representative from each of the Parties are required
                  in order
                  for money to be deposited or withdrawn from it, which representatives
                  shall be appointed by the Parties in writing within 10 days after
                  the
                  Effective Date;

              

      

      
         

        
          
            

          

          Exclusive
            Service Agreement

           

        

      

      
        
          
          

        

        
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                7.1.3

              	
                the
                  Project Account shall be used for the sole purpose of receiving
                  proceeds
                  from Party B and/or effecting payments relating to the Business;
                  and

              

      

      

      
        	 	
                7.1.4

              	
                Party
                  A and Party B may request from the relevant bank at any time a
                  statement
                  of the activities on the Project
                  Account.

              

      

      

      
        	 	
                7.2

              	
                Records.
                  Party A agrees to maintain comprehensive financial records (including
                  the
                  Financial Statements) in respect of the Business, which shall be
                  kept at
                  its registered office in Jinan, PRC and shall be available for
                  Party B's
                  inspection at such times as Party B may reasonably request in writing.
                  

              

      

      

      
        	 	
                7.3

              	
                Annual
                  Statement.
                  Within 30 days after the end of each financial year, Party A shall
                  provide
                  to Party B comprehensive Financial Statements for such financial
                  year.
                  Each Financial Statement, together with the financial records described
                  in
                  Article 7.2 above, shall be subject to an independent audit conducted
                  by a
                  reputable accounting firm registered in the PRC approved by Party
                  B, at
                  Party A's sole expense.

              

      

      

      
        	 	
                7.4

              	
                Financial
                  Statements.
                  Within 10 days after a written request for such from Party B, Party
                  A
                  shall also provide to Party B Financial Statements.
                  

              

      

      

      
        	 	
                7.5

              	
                Undertaking.
                  Upon the agreement entered into by the Parties, Party B may be
                  empowered
                  by Party A as its authorized representative to collect the revenue,
                  before
                  any applicable taxes (not including any applicable business taxes),
                  accrued by Party A in the Exclusive Cooperation Area during the
                  term of
                  this agreement and the first renewal
                  period.

              

        	 	 	 

      

      
        	
                8.

              	
                EFFECTIVE
                  DATE, BREACH
                  AND TERMINATION

              

      

      

      
        	 	
                8.1

              	
                Effective
                  Date.
                  This Agreement shall enter into effect from the Effective Date
                  and shall
                  continue with full force and effect until the earlier of
                  either:

              

      

      

      
        	 	
                8.1.1

              	
                the
                  20th anniversary hereof; or

              

      

      

      
        	 	
                8.1.2

              	
                its
                  termination by either Party in accordance with Article 8.4
                  below.

              

      

      

      
        	 	
                8.2

              	
                Extension.
                  The term of this Agreement may be extended within 60 days before
                  its
                  expiration pursuant to Party A’s notice to Party B and another share
                  holder of Party B, Jinan Youxiantong Network Technology Co., Ltd.,
                  indicating its intent to extend the term. The extension term shall
                  be
                  determined by Party A and clearly stated the abovementioned notice.
                  Party
                  B and another share holder of Party B, Jinan Youxiantong Network
                  Technology Co., Ltd., shall agree to such extended term unconditionally,
                  under the condition that the term cannot not exceed 10 years.
                  

              

      

      
         

        
          
            

          

          Exclusive
            Service Agreement

           

        

      

      
        
          
          

        

        
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                8.3

              	
                Breach.
                  The
                  occurrence of any one or more of the following events constitutes
                  a breach
                  of this Agreement (Event of
                  Breach):

              

      

      

      
        	 	
                8.3.1

              	
                either
                  of the Parties has failed to perform any of its obligations hereunder
                  ,
                  thus causing substantial losses to the other Party, and such obligation
                  was not waived in writing by the other Party;

              

      

      

      
        	 	
                8.3.2

              	
                either
                  of the Parties is in breach of the terms hereof, and such breach
                  has not
                  been remedied for a period of 10 days after receipt of the other
                  Party's
                  written notice requesting such remedy;
                  and

              

      

      

      
        	 	
                8.3.3

              	
                any
                  representation or warranty made by either of the Parties herein
                  proves to
                  be false or misleading in any material
                  respect.

              

      

      

      
        	 	
                8.4

              	
                Termination.
                  This
                  Agreement will terminate automatically upon its expiration, unless
                  terminated prematurely under either of the following circumstances,
                  namely:

              

      

      

      
        	 	
                8.4.1

              	
                by
                  the non-breaching Party with 30 days' written notice upon the occurrence
                  of an Event of Breach; or

              

      

      

      
        	 	
                8.4.2

              	
                with
                  the mutual written consent of the
                  Parties.

              

      

      

      
        	 	
                8.5

              	
                Post
                  Termination.
                  Upon the termination of this Agreement by either
                  Party:

              

      

      

      
        	 	
                8.5.1

              	
                the
                  licenses granted hereunder shall cease with immediate effect; and
                  

              

      

      

      
        	 	
                8.5.2

              	
                any
                  outstanding fees or other amounts payable hereunder by either Party
                  to
                  other Parties shall become due within 10 days after the date of
                  delivery
                  of an invoice for the same. 

              

      

      

      
        	 	
                8.6

              	
                Survival.
                  The following obligations shall survive the termination of this
                  Agreement
                  for any reason:

              

      

      

      
        	 	
                8.6.1

              	
                the
                  confidentiality undertakings set forth in Article 2.1.2 above,
                  which shall
                  continue indefinitely after the date of termination (unless the
                  disclosure
                  of confidential information has already entered the public domain
                  or was
                  made pursuant to a court order or law of relevant jurisdiction);
                  and

              

      

      
         

        
          
            

          

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            Service Agreement

           

        

      

      
        
          
          

        

        
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                8.6.2

              	
                the
                  obligation of the service fee, which shall continue for as long
                  as any
                  receivables generated from the relevant services during this Agreement
                  are
                  outstanding.

              

      

      

      
        	
                9.

              	
                GOVERNING
                  LAW AND DISPUTE RESOLUTION

              

      

      

      
        	 	
                9.1

              	
                Governing
                  Law. The
                  execution, validity, interpretation and implementation of this
                  Agreement
                  and the settlement of disputes under it shall be governed by PRC
                  Law.
                  

              

      

      

      
        	 	
                9.2

              	
                Interpretation.
                  If
                  any dispute arises in connection with the interpretation of any
                  provisions
                  of this Agreement, the Parties shall determine the true intention
                  of those
                  provisions by making reference to the wording of this Agreement,
                  the
                  relevant Articles, the objective of the Agreement, commercial practice
                  and
                  the principle of good faith.

              

      

      

      
        	 	
                9.3

              	
                Consultation.
                  If
                  any dispute arises in connection with this Agreement, the Parties
                  shall
                  attempt in the first instance to resolve such dispute through friendly
                  consultation or mediation.

              

      

      

      
        	 	
                9.4

              	
                Arbitration.
                  If
                  the dispute cannot be resolved in the above manner within 30 days
                  after
                  the commencement of consultations, either Party may submit the
                  dispute to
                  arbitration as follows:

              

      

      

      
        	 	
                9.4.1

              	
                all
                  disputes arising out of or in connection with this Agreement shall
                  be
                  submitted to the China Chamber of International Commerce for arbitration
                  in Beijing under the its rules and by a sole arbitrator appointed
                  in
                  accordance with those rules;

              

      

      

      
        	 	
                9.4.2
                  

              	
                the
                  arbitration shall be conducted in the Chinese language, with the
                  arbitral
                  award final and binding upon both Parties. Unless otherwise determined
                  by
                  the arbitrator, the cost of arbitration shall be borne by the losing
                  Party. 

              

      

      

      
        	 	
                9.4.3

              	
                When
                  any dispute is submitted to arbitration, except for the matters
                  under
                  dispute, the Parties shall continue to perform this
                  Agreement.

              

      

      

      
        	
                10.
                  

              	
                MISCELLANEOUS
                  PROVISIONS

              

      

      

      
        	 	
                10.1

              	
                Notices
                  and Delivery.
                  All notices and communications between the Parties shall be made
                  in
                  writing by facsimile transmission, delivery in person (including
                  courier
                  service) or registered airmail letter to the appropriate correspondence
                  addresses set forth below:

              

      

       

      Hubei
        Chutian Broadcasting and Television Network Co., Ltd. 

      
         

        
          
            

          

          Exclusive
            Service Agreement

           

        

      

      
        
          
          

        

        
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            9
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                Address:

              	
                Special
                  No.1 Zijin Village, Liangdao Street, Wuchang District, Wuhan City,
                  Hubei
                  430071, the PRC

              
	
                Tel:

              	
                [·]

              
	
                Fax:

              	
                [·]

              
	
                Attn:

              	
                [·]

              
	 	 

      

      and
        

      

      Hubei
        Chutian Video Communication Network Co., Ltd.

      

      
        	
                Address:

              	
                12th
                  Floor, Block B, Chutian Urban Garden, 1 Zhongbei Avenue, Wuchang,
                  Wuhan,
                  Hubei Province 430071, PRC

              
	
                Tel:

              	
                [·]

              
	
                Fax:

              	
                [·]

              
	
                Attn:

              	
                [·]

              

      

      

      
        	 	
                10.2

              	
                Timing.
                  The time of receipt of the notice or communication shall be deemed
                  to
                  be:

              

      

      

      
        	 	
                10.2.1

              	
                if
                  by facsimile transmission, at the time displayed in the corresponding
                  transmission record, unless such facsimile is sent after 5:00 p.m.
                  or on a
                  non-business day in the place where it is received, in which case
                  the date
                  of receipt shall be deemed to be the following business
                  day;

              

      

      

      
        	 	
                10.2.2

              	
                if
                  in person (including express mail), on the date that the receiving
                  Party
                  signs for the document; or

              

      

      

      
        	 	
                10.2.3

              	
                if
                  by registered mail, on the 10th day after the date that is printed
                  on the
                  receipt of the registered mail.

              

      

      

      
        	 	
                10.3

              	
                Amendments.
                  The provisions of this Agreement may not be waived, modified or
                  amended
                  except by an instrument in writing signed by both Parties (which
                  instrument shall be attached as an Appendix
                  hereto).

              

      

      

      
        	 	
                10.4

              	
                No
                  Waiver.
                  Failure or delay on the part of either Party to exercise any right
                  under
                  this Agreement shall not operate as a waiver
                  thereof.

              

      

      

      
        	 	
                10.5

              	
                Severability.
                  The invalidity of any provision of this Agreement shall not affect
                  the
                  validity of any other provision of this Agreement which is unrelated
                  to
                  that provision.

              

      

      

      
        	 	
                10.6

              	
                Binding
                  Effect. This
                  Agreement is legally binding upon the Parties and enforceable in
                  accordance with its terms and conditions. Appendices shall form
                  an
                  integral part of this Agreement and shall be legally binding upon
                  the
                  Parties.

              

      

      
         

        
          
            

          

          Exclusive
            Service Agreement

           

        

      

      
        
          
          

        

        
          -
            10
            -

          
            

          

        

        
          
          

        

      

       

      
        	 	
                10.7
                  

              	
                Successors.
                  This Agreement shall be binding upon the Parties and upon their
                  respective
                  successors and assigns (if any).

              

      

      

      
        	 	
                10.8

              	
                Assignment.
                  Either Party may not assign or otherwise transfer its rights or
                  obligations under this Agreement without the prior written consent
                  of
                  other Parties.

              

      

      

      
        	 	
                10.9
                  

              	
                Entire
                  Agreement.
                  This Agreement and any Appendices hereto constitute the entire
                  agreement
                  between the Parties and supersede all prior discussions, negotiations
                  and
                  agreements. 

              

      

      

      [The
        space below has been intentionally left blank.]

       

      
        
          

        

        Exclusive
          Service Agreement

        

          
            
              
              

            

            
              -
                11
                -

              
                

              

            

            
              
              

            

          

        

      

      

      IN
        WITNESS WHEREOF,
        the
        Parties hereto have executed or caused this Agreement to be executed by their
        duly authorised representatives (as the case may be) as of the date first
        indicated above. 

      

      For
        and on behalf of

      Party
        A:

      Hubei
        Chutian Broadcasting and Television Network Co., Ltd. 

      

      
        	
                Signature

              	
                :

              	
                 

              
	
                Name

              	
                :

              	
                Xiong
                  Xian Ting

              
	
                Title

              	
                :

              	
                CEO/Authorized
                  by Chairman

              
	
                Company Seal

              	
                :

              	 

      

      

      For and on
        behalf of

      Party
        B:

      Hubei
        Chutian Video Communication Network Co., Ltd.

      

      
        	
                Signature

              	
                :

              	
                 

              
	
                Name

              	
                :

              	
                Zen
                  Bo Lin

              
	
                Title

              	
                :

              	
                General Manager/Authorized by Chairman

              
	
                Company Seal

              	 	 

      

      
         

        
          
            

          

          Exclusive
            Service Agreement

        

      

      
        
          
          

        

        
          -
            12
            -AGREEMENT

     

     

    

     

    MEMORANDUM
      OF AGREEMENT ENTERED INTO BY AND BETWEEN:

    

    

    

    ODYSSEY
      OIL & GAS, INC.

    A
      Florida, USA registered Corporation

    

    (“Odyssey”)

    

    And

    

    ALG
      BIO OILS LIMITED.

     

    (“ALG”
or
      “The Company”)

    

     

    And

     

    Bio
      Oils Trust

     

    A
      Cyprus
      Trust

     

    (“Trust”)

     

     

     

     

     

    PREAMBLE:

     

    AND
      WHEREAS the parties have agreed to enter into a final Agreement between the
      parties;

     

    AND
      WHEREAS this agreement replaces all previous agreements;

    
      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

    

    NOW
      THEREFORE IT IS AGREED AS FOLLOWS:

     

    
      	 	
              a.

            	
              Odyssey
                shall transfer to Trust 30 million (thirty million) common rule 144
                shares
                in Odyssey Oil & Gas, Inc., on signature of this agreement and the
                signing of an agreement with Xstrata Alloys on the same terms and
                conditions as per the attached Letter of Intent. Annexure A
                

            

    

     

    
      	 	
              b.

            	
              Odyssey
                shall transfer to Interco Holdings Ltd 5 million (five million) common
                rule 144 shares in Odyssey Oil & Gas, Inc., on signature of this
                agreement and the signing of an agreement with Xstrata Alloys on
                the same
                terms and conditions as per the attached Letter of Intent. Annexure
                A

            

    

     

    
      	 	
              c.

            	
              Odyssey
                shall transfer to Trust 25 million (twenty five million) common rule
                144
                shares in Odyssey Oil & Gas, Inc., on the successful commissioning of
                the pilot plant. 

            

    

     

    
      	 	
              d.

            	
              Odyssey
                shall transfer to Trust 25 million (twenty five million) common rule
                144
                shares in Odyssey Oil & Gas, Inc., on the ordering of the commercial
                plant.

            

    

     

    
      	 	
              e.

            	
              Odyssey
                shall transfer to Trust 25 million (twenty five million) common rule
                144
                shares in Odyssey Oil & Gas, Inc., on the commissioning of the
                commercial plant.

            

    

     

    Trust
      shall transfer to Odyssey 100% (one hundred percent) of the Issued share capital
      in ALG. These shares to be held in trust by Attorneys Maartens Van Rensburg
      until the payment of a. above at which time they shall be handed over to
      Odyssey.

     

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	1.	
              INTERPRETATION
                AND PRELIMINARY

            

    

     

    The
      headings of the clauses in this agreement are for the purpose of convenience
      and
      reference only and shall not be used in the interpretation of nor modify nor
      amplify the terms of this agreement nor any clause hereof. In this agreement,
      unless a contrary intention clearly appears:

     

    
      	1.1	
              words
                importing:

            

    

     

    1.1.1   any
      one
      gender include the other two genders;

     

    1.1.2   the
      singular include the plural and vice versa; and

     

    
      	1.1.3	
              natural
                persons include created entities (corporate or non-incorporate) and
                vice
                versa;

            

    

     

    
      	
              1.2 

            	
              the
                following terms shall have the meanings assigned to them hereunder
                and
                cognate expressions shall have corresponding meanings,
                namely:

            

    

     

    1.2.1   “the
      Company” as defined in the description of the parties above;

     

    
      	1.2.2	
              “the
                Controlling Shareholder” means in respect of any company which may be or
                become a shareholder in the Company and of which its shareholding
                in the
                Company is its major asset, the registered holders of the controlling
                common shares in such company or controlling interest in such close
                corporation, as the case may be, as at the date on which that company
                acquires or is allotted common shares
                in the Company;

            

    

     

    1.2.3   an
      “Immediate Relation” of a shareholder means a person who is:

     

    1.2.3.1   that
      shareholder’s spouse;

     

    1.2.3.2   a
      child
      (including an adopted child) of that shareholder;

     

    
      	1.2.4	
              “the
                Shareholders” means the shareholders in the Company from time to
                time;

            

    

     

    
      	
              1.3 

            	
              any
                reference to an enactment is to that enactment as at the date of
                signature
                hereof and as amended or re-enacted from time to
                time;

            

    

     

    
      	
              1.4 

            	
              if
                any provision in a definition is a substantive provision conferring
                rights
                or imposing obligations on any party, notwithstanding that it is
                only in
                the definition clause, effect shall be given to it as if it were
                a
                substantive provision in the body of the
                agreement;

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
      	
              1.5 

            	
              when
                any number of days is prescribed in this agreement, same shall reckoned
                exclusively of the first and inclusively of the last day unless the
                last
                day falls on a Saturday, Sunday or public holiday, in which case
                the last
                day shall be the next succeeding day which is not a Saturday, Sunday
                or
                public holiday;

            

    

     

    
      	
              1.6 

            	
              where
                figures are referred to in numerals and in words, if there is any
                conflict
                between the two, the words shall
                prevail;

            

    

     

    
      	1.7	
              expressions
                defined in this agreement shall bear the same meanings in schedules
                or
                annexures to this agreement which do not themselves contain their
                own
                definitions. 

            

    

     

    
      	2.	
              SHAREHOLDING
                IN THE COMPANY

            

    

     

    
      	
              2.1 

            	
              Forthwith
                after the signing of this agreement the parties shall cause the Company
                to
                sign all documentation to effect the following in respect of the
                Company:

            

    

     

    
      	2.1.1	
              The
                name of the Company shall be ALG BIO OILS LIMITED.
                

            

    

     

    
      	
              2.1.2

            	
              The
                Authorized share capital of the Company will be 1,000
                

            

    

     

    (one
      thousand) Ordinary Shares.

     

    
      	2.1.3	
              The
                issued share capital of the Company will be 1,000 (One thousand)
                Ordinary
                Shares. 

            

    

     

    
      	2.1.4	
              The
                main object and business of the Company will be to acquire and operate
                a
                bio fuel plant and will be described in the Articles of Incorporation
                of
                the Company as at date of
                incorporation.

            

    

     

    2.1.5   The
      auditors of the Company initially will be Willie Burger Auditors

     

    
      	2.1.6	
              The
                registered office of the Company initially will be the registered
                address
                of the Company as at date of
                incorporation.

            

    

     

    
      	2.1.7	
              The
                remaining terms of the Articles of Incorporation of the Company and
                the
                By-laws of the Company will be the Articles and Incorporation and
                By-laws
                as at date of incorporation, read simultaneously with the stipulations
                of
                this Shareholders’ Agreement.

            

    

     

    
      	2.1.8	
              ALG
                BIO OILS LIMITED is the 100% (one hundred percent) shareholder of
                ALG
                Western Oil (Pty) Ltd
                (2006/035439/07).

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	
              2.2 

            	
              Within
                14 (FOURTEEN) days after the date of signature of this Agreement
                -

            

    

     

    
      	2.2.1	
              the
                parties shall be obliged to procure that the Company ratifies and
                adopts
                in writing the provisions of this agreement and that the shares referred
                to in clauses 2.1.3 are duly allotted and issued against payment
                of the
                necessary subscription price into the name of
                Odyssey;

            

    

     

    
      	3.	
              CONFLICTS
                WITH MEMORANDUM AND/OR ARTICLES OF  INCORPORATION

            

    

     

    
      	
              3.1 

            	
              The
                Shareholders undertake forthwith hereafter to take all such steps
                and do
                all such things as may be necessary to alter the articles of incorporation
                and By-Laws of the Company so as to reflect, insofar as may be
                appropriate, the provisions of this
                agreement.

            

    

     

    
      	
              3.2 

            	
              Notwithstanding
                the provisions of clause 3.1 until such time as the articles of
                incorporation and By-Laws of
                the Company are amended as aforesaid, if there is any conflict between
                the
                provisions of this agreement and the memorandum and articles of
                association of the Company at any time, the provisions of this agreement
                shall prevail.

            

    

     

    
      	4.	
              APPOINTMENT
                OF DIRECTORS 

            

    

     

    Odyssey
      shall be entitled by written notice to the company to appoint 2 (TWO) directors
      of the Company and Trust shall be entitled by written notice to the company
      to
      appoint 2 (TWO) directors of the Company. Such shareholder shall be entitled
      to
      remove any such director appointed and to replace any such director who is
      so
      removed or who ceases for any other reason to be a director of the Company.
      No
      person other than a Shareholder or its nominee may be appointed as a director
      without the prior written approval of the other Shareholders, which undertake
      not to withhold such approval unreasonably.

     

    
      	5.	
              QUORUM
                FOR DIRECTORS’ MEETINGS 

            

    

     

    The
      quorum for any directors’ meetings of the Company shall be 2 (TWO) directors or
      the alternate(s) of any such directors.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	6.	
              QUORUM
                FOR SHAREHOLDERS’ MEETINGS

            

    

     

    The
      quorum for shareholders’ meetings of the Company shall be the Odyssey present in
      person or by proxy: Provided that if, within 30 (THIRTY) minutes from the time
      appointed for a meeting, a quorum is not present, the meeting shall stand
      adjourned to the same day in the next week, at the same time and place or,
      if
      that day be a public holiday, to the next succeeding day other than a Saturday,
      Sunday or public holiday and if, at such adjourned meeting, a quorum is not
      present within 30 (THIRTY) minutes from the time appointed for the meeting,
      the
      Shareholders then present in person or by proxy shall be a quorum.

     

    
      	7.	
              PRESIDING
                CHAIRMAN OF MEETING 

            

    

     

    Odyssey
      shall appoint the person to preside as the chairman of any shareholders’ or
      directors’ meeting. Such chairman shall not have a casting vote.

     

    
      	8.	
              RESOLUTIONS

            

    

     

    
      	
              8.1 

            	
              Resolutions
                of directors of the Company in order to be of force and effect must
                be
                approved by the majority of the directors present at a
                meeting.

            

    

     

    
      	
              8.2 

            	
              Resolutions
                of Shareholders of the Company (other than special resolutions) in
                order
                to be of force and effect must be approved by the majority of the
                Shareholders of the Company present at any meeting in person or by
                proxy.

            

    

     

    
      	9.	
              DEADLOCK

            

    

     

    
      	
              9.1 

            	
              If
                in terms of the aforegoing provisions, the required majority for
                the
                passing of a directors’ resolution cannot be obtained, such particular
                resolution only shall cease ipso
                facto
                to
                be within the directors’ domain and shall be put to the
                Shareholders.

            

    

     

    
      	
              9.2 

            	
              If
                in terms of the aforegoing provisions there is a deadlock between
                the
                Shareholders a dispute shall be deemed to exist between the Shareholders,
                which shall be dealt with as contemplated in clause 10.3. Any such
                deadlock shall not constitute a ground for the winding up of the
                Company.

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
      	
              9.3 

            	
              Any
                dispute between the Shareholders shall be submitted to informal
                arbitration on the following basis:

            

    

     

    
      	9.3.1	
              The
                parties shall use their best endeavors to ensure that the arbitration
                is
                held and concluded and a decision handed down within 14 (FOURTEEN)
                days
                after the arbitration has been
                demanded.

            

    

     

    
      	9.3.2	
              The
                arbitrator shall be a person nominated by the parties or failing
                agreement
                between them within 14 (FOURTEEN) days after the arbitration has
                been
                demanded shall be a person appointed by the president for the time
                being
                of the arbitration foundation with
                jurisdiction.

            

    

     

    
      	9.3.3	
              The
                arbitrator shall have the fullest and freest discretion with regard
                to the
                proceedings but shall make his decision in the best interests of
                the
                Company.

            

    

     

    
      	9.3.4	
              The
                arbitrator’s decision shall be deemed to be a resolution of the
                Shareholders and shall be final and binding. The arbitrator may make
                an
                award as to his costs.

            

    

     

    Pending
      the outcome of any arbitration, in the interim period, insofar as concerns
      the
      disputed resolution, the Company’s auditors shall determine in their sole and
      absolute discretion (acting as experts and not as arbitrators, their decision
      being final and binding on the parties) how the business of the Company should
      be conducted for that interim period.

     

     

    
      	10.	
              PRE-EMPTIONS
                AND TRANSFERS OF ORDINARY
                SHARES

            

    

     

    
      	
              10.1 

            	
              Unless
                otherwise agreed in writing by all the Shareholders of the Company,
                a
                Shareholder may sell or otherwise dispose of the ordinary shares
                held by
                it in the Company only in terms of this clause 10 and only if, in
                one and
                the same transaction, it likewise sells, disposes of or alienates
                a
                pro
                rata
                ordinary share
                of its claim against the Company on loan account (“the Loan Account”).
                Furthermore the provisions of this clause 10 shall also apply mutatis
                mutandis
                to
                any rights offers or allotments made to any ordinary Shareholders.
                Accordingly, all references in this clause 10 and in the lien,
                transmission and forfeiture provisions of the articles of association
                of
                the Company to the offer, sale, disposal, alienation, transfer or
                transmission of a ordinary share
                in the Company shall, unless the context otherwise requires, be deemed
                to
                apply also to the pro
                rata
                share of the Loan Account of the holder of such ordinary share
                and to any rights offers or
                allotments.

            

    

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    10.2

     

    
      	10.2.1	
              When
                it is intended to dispose of the ordinary shares
                of a Shareholder (other than in terms of clause 10.2), the disposer
                shall
                offer the ordinary shares
                in writing to Trust, stating the price (which shall sound in money
                in
                South African currency) and the terms of payment required by it and
                no
                other terms shall be stipulated save for that contemplated in clause
                10.7
                and if it intends selling to a particular third party if the offer
                is not
                accepted by Trust, it shall disclose the name of such third
                party.

            

    

     

    
      	10.2.2	
              If,
                within 7 (SEVEN) days after the receipt of the offer (during which
                period
                the offer shall be irrevocable), it is not accepted in writing in
                respect
                of all the shares offered, by Trust, the disposer may, within a further
                7
                (SEVEN) days, but not thereafter: Provided that the offeree Trust
                has
                consented in writing to the disposal of the ordinary shares (on the
                basis
                set out hereafter) to the named third party (which consent Trust
                undertakes shall not be unreasonably withheld by it), dispose of
                the
                ordinary shares
                offered (but not fewer) to the third party only, at a price not lower
                and
                on terms not more favourable to such person than the price and terms
                at
                and on which Trust was entitled to purchase them. If Trust fails
                or
                refuses unreasonably to consent in writing to the disposal to the
                named
                third party, the disposer shall not be entitled to require the Company
                to
                be wound up.

            

    

     

    
      	
              10.3 

            	
              Any
                disposal of ordinary shares
                to any non-shareholder of the Company shall be subject to the condition
                that the transferee shall undertake in writing not to operate in
                competition with the business of the Company, whilst it is a
                Shareholder.

            

    

     

    
      	
              10.4 

            	
              Subject
                to clause 10.7, transfer of any ordinary shares
                acquired in terms of this clause 10 shall be given to the person
                so
                acquiring them.

            

    

     

    
      	
              10.5 

            	
              Except
                as provided in clauses 10.2, 10.3, or in any written agreement in
                force
                between all the Shareholders, no share may be disposed of, pledged
                or
                transferred without the written consent of all Shareholders or the
                sanction of a resolution passed unanimously at a meeting at which
                all
                Shareholders were present or
                represented.

            

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
      	
              10.6 

            	
              Notwithstanding
                anything to the contrary herein contained, no ordinary share
                shall be transferred to a non-shareholder including the heirs or
                beneficiaries of any Shareholder unless it agrees to be bound by
                any
                written agreement in force between the Company and its Shareholders
                and/or
                between the Shareholders governing their relationship as Shareholders
                in
                the Company and nominates a domicilium
                citandi et executandi
                for the purposes of clause 17.

            

    

     

    
      	11.	
              BLANK

            

    

     

    
      	12.	
              CAPITAL
                AND LOAN ACCOUNTS

            

    

     

    
      	
              12.1 

            	
              The
                amount of funding required from time to time by the Company shall
                be
                determined by the board of directors of the
                Company.

            

    

     

    
      	
              12.2 

            	
              All
                funding required from time to time as determined in accordance with
                the
                provisions of clause 12.1, after having regard to such funding as
                is made
                available to the Company from outside sources.

            

    

     

    
      	
              12.3 

            	
              Save
                as may be otherwise determined by all the Shareholders of the Company
                in
                writing, shareholders’ Loan Accounts against the Company shall be subject
                to the following terms and
                conditions:

            

    

     

    
      	12.3.1	
              Subject
                to clause 12.4, they shall bear interest at the publicly quoted basic
                rate
                per annum ruling from time to time at which Bank of America lends
                on
                overdraft, compounded monthly in
                arrear.

            

    

     

    
      	12.3.2	
              Subject
                to clauses 12.3.3 and subject to the availability of funds of the
                Company,
                they shall be repaid as may be agreed from time to time between the
                Company and all its Shareholders.

            

    

     

    
      	12.3.3	
              They
                shall in any event be repaid on the granting of any order (whether
                provisional or final) placing the Company under judicial management
                or in
                liquidation.

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    
      	13.	
              DIVIDENDS
                

            

    

     

    The
      Shareholders shall procure that the Company shall (subject to its present and
      reasonably anticipated future requirements of working and expansion capital
      and
      provided that the Company does not borrow funds in excess of its funding policy
      and gearing ratio from time to time to enable it to pay the dividend) declare
      and pay dividends as decided by the directors from time to time of the
      distributable profits of the Company (for which purpose secondary tax on
      companies in respect of the dividend in question shall be taken into account
      in
      determining the amount of the distributable profits) in each of its financial
      years which declaration and payment shall be made within 60 (SIXTY) days after
      the end of each financial year.

     

    
      	14.	
              INSPECTION
                OF BOOKS AND RECORDS 

            

    

     

    The
      books
      of account and other books and documents of the Company shall be kept at the
      registered office, and, subject to any reasonable restrictions as to the time
      and manner of inspecting the same that may be imposed by a resolution of the
      members of the Company in general meeting, shall be open to the inspection
      of
      the members during the hours of business.

     

    
      	15.	
              QUASI-PARTNERSHIP
                

            

    

     

    Shareholders
      shall owe to each other a duty of good faith at all times. Their relationship
      shall be construed as that of quasi-partners.

     

    
      	16.	
              WHOLE
                AGREEMENT, NO AMENDMENT

            

    

     

    
      	
              16.1 

            	
              This
                agreement constitutes the whole agreement between the parties relating
                to
                the subject matter hereof.

            

    

     

    
      	
              16.2 

            	
              No
                amendment or consensual cancellation of this agreement or any provision
                or
                term thereof or of any agreement, bill of exchange or other document
                issued or executed pursuant to or in terms of this agreement and
                no
                settlement of any disputes arising under this agreement and no extension
                of time, waiver or relaxation or suspension of any of the provisions
                or
                terms of this agreement or of any agreement, bill of exchange or
                other
                document issued pursuant to or in terms of this agreement shall be
                binding
                unless recorded in a written document signed by the parties. Any
                such
                extension, waiver or relaxation or suspension which is so given or
                made
                shall be strictly construed as relating strictly to the matter in
                respect
                whereof it was made or given.

            

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

       

    

    
      	
              16.3 

            	
              No
                extension of time or waiver or relaxation of any of the provisions
                or
                terms of this agreement or any agreement, bill of exchange or other
                document issued or executed pursuant to or in terms of this agreement,
                shall operate as an estoppel against any party in respect of its
                rights
                under this agreement, nor shall it operate so as to preclude such
                party
                thereafter from exercising its rights strictly in accordance with
                this
                agreement.

            

    

     

    
      	
              16.4 

            	
              No
                party shall be bound by any express or implied term, representation,
                warranty, promise or the like not recorded herein, whether it induced
                the
                contract and/or whether it was negligent or
                not.

            

    

     

    
      	17.	
              DELIVERY
                ADDRESS

            

    

     

    
      	17.1	
              The
                parties choose as their delivery address for all purposes under this
                agreement, whether in respect of court process, notices or other
                documents
                or communications of whatsoever nature (including the exercise of
                any
                option), the following addresses:

            

    

     

    
      	17.1.1	
              Odyssey
                Oil & Gas, Inc.

            

    

    18
      George
      Avenue

    Rivonia,
      2128

    South
      Africa

    Telephone:
       +27
      (11)
      807-1446

    Fax:  +27
      (11)
      807-1449

     

    
      	
              17.1.2

            	
              Trust

            

    

    Limossol

    Cyprus

    Telephone: 

    Fax:  

     

    
      	
              17.1.3

            	
              The
                Company: 

            

    

    73
      Drakensberg Drive

    Waterkloof
      0181

    South
      Africa

    Telephone: +27
      (12)
      361-2212

    Fax:  +27
      (12)
      348=3565

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

       

    

    
      	
              17.2

            	
              Any
                notice or communication required or permitted to be given in terms
                of this
                agreement shall be valid and effective only if in writing but it
                shall be
                competent to give notice by
                telefax.

            

    

     

    

     

    
      	
              17.3 

            	
              Any
                party may by notice to any other party change the physical address
                chosen
                as its delivery address for notices
                vis-à-vis
                that party to another physical address, or its telefax number: Provided
                that the change shall become effective vis-à-vis
                that addressee on the 10th business day from the deemed receipt of
                the
                notice by the addressee.

            

    

     

    
      	17.4	
              Any
                notice to a party:

            

    

     

    
      	17.4.1	
              sent
                by prepaid registered post (by airmail if appropriate) in a correctly
                addressed envelope to it at its delivery address shall be deemed
                to have
                been received on the 10th business day after posting (unless the
                contrary
                is proved);

            

    

     

    
      	17.4.2	
              delivered
                by hand to a responsible person during ordinary business hours at
                its
                delivery address shall be deemed to have been received on the day
                of
                delivery; or

            

    

     

    
      	17.4.3	
              sent
                by telefax to its chosen telefax number stipulated in clause 24.1,
                shall
                be deemed to have been received on the date of despatch (unless the
                contrary is proved).

            

    

     

    
      	17.5	
              Notwithstanding
                anything to the contrary herein contained a written notice or
                communication actually received by a party shall be an adequate written
                notice or communication to it notwithstanding that it was not sent
                to or
                delivered at its chosen delivery
                address.

            

    

     

    
      	18.	
              COSTS
                

            

    

     

    The
      costs
      of and incidental to the drawing and preparation of this agreement shall be
      borne by the parties equally.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    

     

    SIGNED
      at
      Pretoria on this 16th day of June 2008

     

    Witnesses:

    
      	
               

              1.
                _________________________

            	 	 
	
               

              2.
                _________________________

            	 	
               

              By:/s/
                A.V. Johnson :President

            
	
              (Signatures
                of witnesses)

            	 	
              (Signature
                of Odyssey)

            

    

     

    

     

    

     

    SIGNED
      at
      Pretoria on this 16th day of June 2008

     

    Witnesses:

    
      	
               

              1.
                _________________________

            	 	 
	
               

              2.
                _________________________

            	 	
               

              By:/s/Nick
                Theunissen

            
	
              (Signatures
                of witnesses)

            	 	
              (Signature
                of Trust)

            

    

     

    

     

    

     

    SIGNED
      at
      Pretoria on this 16th
      day of
      June 2008

     

    Witnesses:

    
      	
               

              1.
                _________________________

            	 	 
	
               

              2.
                _________________________

            	 	
               

              By:/s/Nick
                Theunissen: Chairman

            
	
              (Signatures
                of witnesses)

            	 	
              (Signature
                for ALG)

            

    

    

     

    
      
         

      

      
        13

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