EXHIBIT 10.23
BUSINESS AGENCY AGREEMENT
PARTY A: SHANGHAI ON-TARGET ADVERTISING CO., LTD., a company of limited
liabilities duly incorporated and validly existing under the laws of
China; and
PARTY B: SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD., a company of limited
liabilities duly incorporated and validly existing under the laws of
China.
Upon friendly consultation, the Parties hereby enter into this Agreement in
respect of the entrustment by Party B to Party A to act as sales agency as
follows:
1. BUSINESS AGENCY
1.1 Party B shall be responsible for providing the synchronous LCD TV
advertisement media for advanced business buildings, which it has
developed and operated, and shall guarantee such media being sufficient in
quantity and satisfactory in quality, as to be used for the purpose of
Party A's completion of its sales targets.
1.2 Party B shall be responsible for providing the marketing promotion
materials in appropriate quantity.
1.3 Party A shall be responsible for, as an agency, sales in Beijing district
and Shanghai district of the synchronous LCD TV advertisement media owned
by Party A for advanced business buildings.
1.4 Upon final determination after consultation, Party A and Party B have
agreed on the sales agency commission at ten percent (10%) of the sales
contract price, which is to be settled on a monthly basis.
2. OTHERS
2.1 This Agreement is executed in two (2) copies, with each Party keeping one
(1) copy.
2.2 After this Agreement becomes effective, neither Party may amend, change,
supplement or terminate this Agreement by itself. Any amendment, change or
supplement to this Agreement is subject to the mutual agreement by the
Parties in writing.
2.3 The formation, effectiveness, performance, interpretation, invalidity,
etc. in relation to this Agreement shall all be governed by the laws of
the People's
Republic of China. The Parties may submit any disputes in relation to this
Agreement to the jurisdictional court for judgment.
PARTY A: SHANGHAI ON-TARGET ADVERTISING CO., LTD. (Corporate Seal)
Signed by: /s/ Xxxxx Xxxxxxx Xxxxx
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Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
PARTY B: SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (Corporate Seal)
Signed by: /s/ Xxxxx Xxxxxxx Xxxxx
---------------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Business Agency Agreement
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