Advertisement in Movie Agreement
Exhibit
10.4
Advertisement
in Movie Agreement
Signed
by
both parties (A & B) on 2006-8-15
A:
HRDQ Group Inc.
0000
Xxxxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 U.S.
B:
Media Group International Limited
Hong
Kong
Party
A
wants to expand its marketing & sales. Party B is an Advertisement Agency.
This agreement is agreed by both parties A & B.
Agreement
Content
HRDQ
agrees to let MGI’s subsidiary (xxx.xxxxxx.xxx) doing the advertisement in
movie. In one year, MGI needs to put HRDQ’s advertisements in two
movies.
Agreement
and Payment method
| 1. |
Total
is USD $ 1,000,000.00
|
| 2. |
HRDQ
needs to pay 10% of the total to MGI which is USD 100,000.00 in 7
days as
the deposit.
|
| 3. |
HRDQ
needs to pay 40% of the total to MGI which is USD 400,000.00 within
4 days
after first movie has been played in theater. HRDQ needs to pay 5%
of the
total to MGI which is USD 50,000.00 within 30 days after first movie
has
no longer available in theater
|
| 4. |
HRDQ
needs to pay 40% of the total to MGI which is USD 400,000.00 within
4 days
after second movie has been played in theater. HRDQ needs to pay
5% of the
total to MGI which is USD 50,000.00 within 30 days after second movie
has
no longer available in theater
|
HRDQ
responsibilities and obligations
|
1.
|
HRDQ
needs to provide the products’ information, LOGO, and any other related
plans to MGI within certain days in order to get rid of possible
delay.
|
|
2.
|
HRDQ
guaranteed that everything provided to MGI are true, accurate, legal,
and
not in any copyrights problem. Any arguments caused by above situations,
HRDQ needs to take responsibilities and pay indemnity to
MGI.
|
|
3.
|
HRDQ
needs to pay any required expenses
immediately
|
MGI
responsibilities and obligations
|
1.
|
MGI
needs to guarantee the advertisement in two movies within the period
of
agreement term.
|
|
2.
|
MGI
only demonstrates the advertisements agreed by
HRDQ
|
|
3.
|
If
the advertisement provided by HRDQ is not legal, MGI has the rights
to
refuse publication.
|
Business
Confidential Info
|
1.
|
Both
parties should not release any information on the agreement to a
third-party.
|
|
2.
|
Any
required information not included in this agreement needs to agreed
by
both parties, otherwise it is
illegal
|
Penalties
|
1.
|
HRDQ
and MGI need to guarantee the business process and do its own
jobs.
|
|
2.
|
One
of the parties need to responsible on penalties if not doing its
own
jobs.
|
Agreement
Term and Termination Date
|
1.
|
This
agreement will be activated for 12 months, starts from signed
date.
|
|
2.
|
If
one of the parties is not doing its own jobs after 7 days received
the
notice, the other party has the rights to terminate the
agreement.
|
|
3.
|
If
this agreement were terminated within three months, the responsibilities
and obligations are still effective on whatever happened before
termination date.
|
Arguments
Methods
If
any
parties have problems with this agreement, it supposes to be solved in a
reasonable condition. Otherwise, any parties have the rights to have courts
solving the problems.
Others
This
agreement has two copies held by each party; both agreement copies are effective
in the court.
