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Exhibit 10.1
No. C-06-08-16
Cooperation Agreement
Party A: Shaanxi Jialong Hi-Tech Industrial Co., Ltd
Party B: Shaanxi Shengtang Chuangyi Advertising & Consulting Co., Ltd
According to the Contract Law of the People’s Republic of China, and on the principal of integrity operation and mutual beneficial, this agreement on the digital information kiosk is constituted through Party A and Party B’s friendly negotiation.
Clause One. Entity Qualifications of the Parties
Party A: Shaanxi Jialong High-tech Industrial Inc., registered in Sub-No. 6 South Section of Taibai Road, Xi’an City, Shaanxi Province by legal representative Zhang Jianjun, owning the Corporation Business License number with 6100001011146 issued by Shaanxi Industrial and Commercials Administrative Bureau, is a lawfully established enterprise.
Party B: Shaanxi Shengtang Chuangyi Advertising & Consulting Co., Ltd, registered in Block L 21st Floor Millennium Star Mansion No. 88 Western Part of 2nd South Ring Road Xi’an City, Shaanxi Province by legal representative Jia Tao, owning the Corporation Business License number with 6100002072096 issued by Shaanxi Industrial and Commercials Administrative Bureau, is a lawfully established enterprise.
Clause Two: Cooperation Object and Mode:
1. Cooperation Object: Party B shall be responsible for carrying out market exploration in the cooperation area; and Party A shall decide the concrete location of the digital information kiosk. Party B has the right to use the partial space of the kiosk to run other business, like sales of newspapers, magazines and public telephone service; and Party A shall install downloading machines in the certain space of the kiosk and run relevant business.
2. Cooperation Mode: The deposit of each digital information kiosk is RMB40,000.00Yuan, and then the deposits of 300 sets kiosks shall be RMB12,000,000.00Yuan( In words: Twelve Million Yuan only). Party A and Party B shall bear 50% of the deposits respectively. Party A shall pay for the rental of kiosks to Party B to assure the normal operation of the downloading machines in the kiosks
Clause Three: Cooperation Area
Northwest Region of P.R. China (Shaanxi, Ningxia, Gansu, Qinghai and Xinjiang Uygur Autonomous Region)
Cooperation Period: 5 Years (Commencing from August 16th, 2006 to August 15th, 2011)
Clause Four: Obligations and Rights of Each Party
1. Party A’s Obligation and Rights
1.1 Party A has the right to decide the installment location of kiosks, and
