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Exhibit
10.1
Guangzhou New Baiyun Airport Bus Waiting Area
Electronic Light Box Advertising Contract [TRANSLATED
VERSION]
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Guangzhou
Chuangrun Advertising Company Limited
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168 Jiang Nan
Da Do Zhong, Suite 1211, Guangzhou
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Contact:
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Cai
Hanxiong
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Tel:
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020
84422633
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Fax:
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020
84423236
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Chi Shang Ling
Yue Advertising Company Limited
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75 Xian Lie
Zhong Lu, Sui Fung Building 2/F, Room C18-19, Guangzhou
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Contact:
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He Jun
Wei
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Tel:
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Fax:
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Advertising
Project and Pricing:
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Guangzhou New
Baiyun Airport A and B Bus Waiting Areas
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May 1, 2005 to
April 30, 2005
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Number:
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Total 30
double-sided scrolling light boxes, with 12 posters per box, total
360 posters.
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Price:
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RMB 30,000 per
poster per month
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Discount:
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60%
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Net:
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RMB 12,000 per
poster per month
RMB 144,000 per
poster per year
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Note:
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The above
pricing include the cost of producing the first poster
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Currency:
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Renminbi (by
check)
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Payment
Schedule: (Party B shall pay Party A according to the following
terms and conditions):
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1.
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Party A
warranties that within 20 days of this contract, when 30% of the
posters are up, the Party B shall pay Party A a 10% Contract
Fulfillment Guarantee, i.e. RMB 5,184,000 (Five Million One Hundred
and Eighty Four Thousand RMB).
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2.
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Within one
month after the start of putting up the posters, Party B shall pay
Party A the remaining 90%, i.e. RMB 46,656,000 (Forty Six Five
Million Six Hundred and Fifty Six Thousand RMB).
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3.
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At the end of
the contract, Party B shall pay whatever is left.
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Party A:
Guangzhou Chuangrun Advertising
Company Limited
Party B:
Chi Shang Ling Yue Advertising
Company Limited
Common terms
and conditions:
1. Late
payments apply; late payments shall equal 0.05% per day according
to the advertising rate. If Party B is late by a month, Party A can
sto
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