Travel Market Cooperation Agreement
Exhibit
10.11
Parties:
A: Fujian
Yintai Travel LLC.
B.
Shanghai Meiyou Culture Media LLC.
C: Fuzhou
Fuyu Advertisement LLC.
Through
friendly negotiation, the parties reach the following agreement:
A.
|
A,
B and C agree to cooperate to develop the travel market of the Dajin Lake
Attraction.
|
B.
|
B
will assist A in developing special travel markets in Shanghai, Jiangsu
province and Zhejiang province,
etc.
|
C.
|
The
contract has a 3-year term. At the end of the term, the parties can
re-sign the contract if they attempt to continue the
cooperation.
|
D.
|
B
guarantees to bring A a minimum annual revenue at the amount of 12,000,000
RMB, and 36,000,000 RMB for three(3) years in its development of the
special travel markets.
|
E.
|
In
2007, C has pre-paid B the fees for developing the special markets at the
amount of 24,000,000RMB. A will pay back the fees in three (3) years, with
8,000,000 RMB each year.
|
F.
|
C
guarantees to provide 500-minute TV commercials free on Fujian Education
TV Channel for the Dajin Lake Attraction each
year.
|
G.
|
If
B breaches the contract, B will pay other parties damages in sum of 30% of
pre-determined amount. The parties will liquidate the amount one time
during the first half month of each
year.
|
H.
|
The
parties agree to negotiate the issues that are not included in this
agreement.
|
I.
|
The
agreement has three (3) copies, with one copy to each party, and each copy
with equal legal force.
|
Agreement
was signed on March 20, 2008 by all the parties.
Parties:
A: Fujian
Yintai Travel LLC.
B. Fuzhou
Changlv Business Service LLC.
C: Fuzhou
Fuyu Advertisement LLC.
Through
friendly negotiation, the parties reach the following agreement:
J.
|
A,
B and C agree to cooperate to develop the travel market of the Dajin Lake
Attraction.
|
K.
|
B
will assist A in developing special travel markets in Fujian, Jiangxi
province, Guangdong province, etc.
|
L.
|
The
contract has a three-year term. At the end of the term, the parties can
re-sign the contract if they attempt to continue the
cooperation.
|
M.
|
B
guarantees to bring A a minimum annual revenue at the amount of 9,000,000
RMB, and 27,000,000 RMB for three(3) years in its development of the
special travel markets.
|
N.
|
In
2007, C has pre-paid B the fees for developing the special markets at the
amount of 15,000,000 RMB. A will pay back the fees in three (3) years,
with 5,000,000 RMB each year.
|
O.
|
C
guarantees to provide free 500-minute TV commercials on the Fujian
Education TV Channel for the Dajin Lake Attraction each
year.
|
P.
|
If
B breaches the contract, B will pay other parties damages in sum of 30% of
pre-determined amount. The parties will liquidate the amount one time
during the first half month of each
year.
|
Q.
|
The
parties agree to negotiate the issues that are not included in this
agreement.
|
R.
|
The
agreement has three (3) copies, with one copy to each party, and each copy
with equal legal force.
|
Agreement
was signed on March 20, 2008 by all the parties.