Outsourcing Agreement
Exhibit
10.5
[Cautionary
Note: This Agreement has been translated into English from the original Chinese
language version.]
Outsourcing
Agreement
Party
A:
Sale
and Marketing Publishing House
Party
B:
Henan
Xinhua Printing Factoy
In
accordance with the Law of Contract in PRC, based on the mutual agreement of
both parties, Party A authorizes Party B to print and produce the Sales edition
of China Marketing magazine and China Business & Trade. The contract is
subject to the following terms and conditions:
1.
Amount
of Printing: One edition each month, each edition is about 100,000 copies.
The
actual amount of printed copies will be based on the request form provided
and
signed by Party A.
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2.
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Basic
Information of the magazines:
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1)
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Size
of the magazines: 210 mm x 285 mm
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2)
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Color
printing of cover page and all inside
text
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3)
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Sensitive
layer on the cover page
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3.
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Paper
Used: (1) Cover Page: 157g double-side halftone
paper
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| (2) |
Text:
60g non-sensitive layer
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| (3) |
Insert
Page: 105g double sided halftone
paper
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4.
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Packaging
and Binding: By glue, base on the specific requirement of Party
A.
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5.
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Settlement
Price: (1) Cover Page: US$0.0275/copy; (2) Layer: US$0.0125/copy
(3) Test:
every 16 pages US$0.0625/copy
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1
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6.
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Date
of shipment: Party A will submit all the article through the internet
to
Party B. From the date Party B has received the final version of
all the
articles that need to be published on the current edition, Party
B must
ship the request copies to the place where Party A assigned. Before
all
the articles are finalized, Party B must follow the working procedure
designed by Party A and delivery the sample of the magazine without
any
delay.
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7.
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Payment
Method: Party A must pay Party B in full amount of payment within
60 days
after the complete shipment. Party A can pay Party B by cash, check,
cashier’s check, letter of credit or any other method that can be accepted
by the bank of Party B.
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8.
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In
case of failing or delaying to submit the payment, Party A will pay
Party
B penalty fee at 5% of total payment due which will be calculated
on a
daily basis. Party A will compensate all the loss Party B experienced
in
accordance with the relevant law of PRC. Party A reserve the right
to seek
the compensation from Party B in accordance with the Contract Law
at PRC
at any delay of shipment or quality control problems caused by Party
B.
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9.
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Quality
of the magazine has to meet the general standard set by the Chinese
Press
and Publication Administration
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10.
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The
content of all articles provided by Party A has to comply with the
rules
and regulations of printing and producing set by Party B. Party A
is fully
responsible to the content of all articles provided to Party B. Party
B
has the responsibility to maintain confidentiality of the information
provided by Party A, such as the original copies of articles, the
content
of all articles and the amount of printing of each month.
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2
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11.
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The
factory where Party B’s facilities are located is assigned to be the place
for the quality examination. Party B agrees to deliver the Magazine
for
Party A within the city of Zhengzhou with no additional
charge
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12.
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During
the term of this contract, in case of the wholesale price of paper
increased more than 5%, Party A and Party B will amend this contract
based
on mutual consent.
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13.
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During
the term of this contract, neither Party A nor Party B can unilaterally
make changes or terminate this contact. Two months notice is required
to
any party that needs to terminate the contract, due to any uncontrollable
causes.
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14.
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The
term of this contract is from January 1, 2006 to December 31,
2006.
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Party
A:
Sale and
Marketing Publishing House
Authorized
Representative:
(Corporate
Seal)
Date:
December 29, 2005
Party
B:
Henan Xinhua Printing Factory
Authorized
Representative:
(Corporate
Seal)
Date:
December 29, 2005
3
