Advertisement in Movie Agreement
Exhibit
10.5
Advertisement
in Movie Agreement
Signed
by
both parties (A & B) on 2007-10-25
A:
QXS Enterprise Image Planning Ltd.
B:
Media Group International Limited
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
QXS
agrees to let MGI doing the advertisement in movie. In three months, MGI needs
to put QXS’s advertisement in at least one movie.
Agreement
and Payment method
| 1. |
Total
is USD $ 300,000.00
|
| 2. |
QXS
needs to pay 10% of the total to MGI which is USD 30,000.00 in 7
days as
the deposit.
|
| 3. |
QXS
needs to pay 40% of the total to MGI which is USD 120,000.00 within
4 days
after movie has been played in theater. QXS needs to pay 50% of the
total
to MGI which is USD 150,000.00 within 30 days after movie has no
longer
available in theater
|
QXS
responsibilities and obligations
|
1.
|
QXS
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.
|
QXS
guaranteed that everything provided to MGI are true, accurate, legal,
and
not in any copyrights problem. Any arguments caused by above situations,
QXS needs to take responsibilities and pay indemnity to
MGI.
|
|
3.
|
QXS
needs to pay any required expenses
immediately
|
MGI
responsibilities and obligations
|
1.
|
MGI
needs to guarantee the advertisement in movie within the agreement
term.
|
|
2.
|
MGI
only demonstrates the advertisements agreed by
QXS
|
|
3.
|
If
the advertisement provided by QXS 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.
|
QXS
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 three 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 copies are effective in the
court.
