Exhibit 10.42
Agreement on Technical
Cooperation
This Agreement is
made and entered into this day of September 28, 2003 by and
between Beijing New Media Information Technology Co., Ltd
(“Party A”) with its principle address at #A1,
Wanquanzhuang, Haidian District, Beijing, PRC and Guangzhou
Media Message Technologies, Inc. (“Party B”) with
its principle address at Floor 11, Tian He Business Building
No. 8 Zhong Shan Av. W. Guangzhou, PRC.
Whereas:
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(1)
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Party A is a limited liability
company incorporated in Beijing and existing under the laws of PRC
engaged in technology development of computer internet and the
technical service business;
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(2)
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Party B is a limited liability
company registered in Guangzhou, PRC engaged in the business of
mobile value-added telecommunication service, internet information
service and internet web advertising service;
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(3)
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For
the purpose of business operation, Party B decides to employ Party
A as its technical service provider to provide relevant technical
services to Party B, and Party A agrees to provide Party B with the
corresponding technical services according to and subject to the
provisions of this Agreement;
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NOW, THEREFORE, in
consideration of covenants and agreement herein contained through
friendly consultation, the parties hereby agree as
follows:
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1.
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Definition and
Interpretation
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1.1
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In
this agreement unless it is specifically provided, the following
terms shall have the corresponding meanings of:
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(a)
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Technical secret: means the
unpublished necessary technical information and documents including
technical information, technical specification, design,
installation, testing, implementation, maintenance equipment and
software requirement owned by either party and provide to another
party during cooperation period of this agreement
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(b)
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Program design: means the required
software system explanation, description which presented and
confirmed in words or diagrams based on the project objectives of
both parties and the conditions for achieving system
objectives.
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2.
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Cooperation content and
mode
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2.1
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Party A holds the proprietorship of
the following products including feichangnannv, dafuweng,
guaiguaizhumi and authorizes party B to provide relevant services
to users using the above products.
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-1-
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2.2
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Party A shall update and maintain
software based on Party B’s application of the software to
ensure normal operation of the products.
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3.
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Cooperation Fees and
Payment
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3.1
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Ratio of cooperation fee: Both
parties share the revenues generated from products as described in
clause 2.1. Each party shares 50% of the revenues, after deducting
the fees paid to mobile operators, generated by individual product
by Party B.
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3.2
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Payment method: Party B shall
provide Party A with revenue report of the products every month.
For the fees as described above paid by Party B to Party A, Party A
shall issue corresponding invoices to Party B.
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4.
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Commercial secrets and Intellectual
Property Rights
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4.1
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The
parties confirm hereby that Party A shall own the copy rights or
any other legal authorizations of the cooperation contents rendered
by itself to Party B under this agreement and Party B, entitled to
the right to use such contents only, if intending to make any
modification to such content, shall propose specific solutions for
modification, upgrade or conversion, which shall be then
implemented by Party A.
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4.2
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Either shall keep any and all
commercial secrets of the other party obtained during the
cooperation or from any other channel extremely confidential and
shall not disclose such secrets to any third party without earlier
written consent from the other party.
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4.3
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Unless otherwise regulated by this
agreement, either party shall not use or copy the other
party’s trade mark, logo, commercial data, educational
materials, technical references and any other documents without
earlier written consent from the other party.
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5.
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Representation and
Warranty
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5.1
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Either party makes the following
representations, statements and warranties to the other
party:
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(a)
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Be
an independent legal entity that has been established and in
existence by the operation of laws;
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(b)
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Have qualifications and capacity to
undertake the cooperation project specified under this agreement
that is within its registered business scope;
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(c)
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Have fully authorized its
representative to sign this agreement;
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(d)
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Have competence to perform all its
obligations under this agreement and violate no limitations of any
legal document binding it thereto in executing such
obligations.
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5.2
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Party B guarantees as
follows:
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(a)
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All
information provided to Party B to be genuine, accurate and legal
without infringing any legal right and interest of any third
party;
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(b)
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Responsible for settlement of any
dispute arising from its breach of the above-said
warranties;
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(c)
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Liable for indemnification in full
amount for any and all losses incurred to Party A resulted from its
breach of the aforesaid warranties.
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5.3
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Party A shall compensate Party B in
full amount for its any and all losses caused by Party A’s
violation of its warranties hereinabove.
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6.
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Force Majeure
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6.1
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“Force Majeure” shall
mean any event out of the parties’ reasonable control,
non-foreseeable, or unavoidable even has been foreseen and such
event hinders, affects or delays any party’s performance of
all or part of his obligations according to this Agreement,
including, but not limit to, government’s acts, natural
disasters, war, hacker attack or any other similar
events.
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6.2
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The
party suffering from Force Majeure should notify the other party
the circumstances of event of force majeure using the fastest
mode.
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6.3
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The
party suffering from Force Majeure may suspend performing its
relevant obligations under this Agreement that cannot be performed
due to Force Majeure till the effect of Force Majeure is eliminated
without bearing any liability for breach of this Agreement. The
suffering party from Force Majeure shall provide the other party
with legal certifications of such event issued by the notary office
(or other proper agency) of the area where the event occurs, which
if fails, the other party may request the suffering party to bear
any liability for breach according to the provisions of this
Agreement.
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6.4
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However, such party shall exert its
best efforts to overcome such event and reduce its negative effects
to the minimum. The party who do not perform its duties to minimize
the negative effects of the event shall be responsible and liable
for the additional loss incur
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