Outsourcing Agreement
Exhibit
10.6
[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
Ruiguang Printing Co., Ltd.
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 Channel
edition of China Marketing magazine and China Business & Trade magazine. The
contract is subject to the following terms and conditions:
1.
The
Channel edition of China Marketing magazine and China Business & Trade
magazine are published one time each month.
|
2.
|
Basic
Information of the magazines:
|
|
1)
|
Size
of the Magazines: 210 mm x 285 mm
|
|
2)
|
Color
printing of cover page and all inside
text
|
|
3)
|
Sensitive
layer on the cover page
|
|
3.
|
Use
of Pager: (1) Cover Page: 157g
double-side halftone paper, 4+4
color
|
| (2) |
Text:
60g non-sensitive layer
|
| (3) |
Insert
Page: 60g non-sensitive layer, 4+4
color
|
|
4.
|
Packaging
and Binding: 50 copies per bundle
|
|
5.
|
Settlement
Price: US$0.0879/copy including text and cover
page.
|
1
|
6.
|
Date
of shipment: Party A will submit all the articles to Party B at
20th
of
each month for the magazines of the next month. Publishing date is
the
1st
of
each month, the printing circle is 7 days.
|
|
7.
|
Party
A must submit all the sufficient and accurate documents relevant
to any
printing procedure. Otherwise, Party A will be fully responsible
for any
loss caused by its failure to do so.
|
|
8.
|
Party
A is responsible to turn in clear and completed articles to Party
B on
time. The layout of the text must be designed clearly and the wording
must
be counted accurately.
|
|
9.
|
Party
A is responsible to proof read all the articles, the time period
of the
proof reading is five days for the first time proof reading, two
days for
the second proof reading and one day for the third proof
reading.
|
|
10.
|
Party
B will submit written notice to Party A two days before the shipment
for
the final printing amount.
|
|
11.
|
Party
A reserves the right to edit exceptional articles or pictures right
before
printing.
|
|
12.
|
The
shipment date will be automatically postponed if Party A turns in
the
final version of the articles later than the date set forth under
Section
6.
|
|
13.
|
After
the complete shipment of each edition, Party A shall pay off all
the
outstanding payment before the 10th
of
next month. If the payment is delayed over one month, Party A shall
pay
the penalty to Party B, which is 5% of the total over due amount
plus the
interest, rated as same as the commercial loan interest announced
by the
bank at the same period of time. Party B will also have the rights
to
terminate this contract under this
situation.
|
2
|
14.
|
Party
B must return the first draft to Party A five days after Party B
receive
all the final version of the articles. Party B must pick up and return
the
draft after the first, second and third proof reading with no delay.
|
|
15.
|
Quality
of the magazines has to comply with the general standard set by the
Chinese Press and Publication
Administration.
|
|
16.
|
The
factory where Party B’s facilities are located is assigned to be the place
for the quality examination. Party B agrees to freely deliver the
magazines for Party A within the city of Zhengzhou. Party A reserves
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.
|
|
17.
|
Party
B must only print the amount requested by Party A and Party B shall
pay
Party A 200% of the income obtained from any additional printing
and
selling of the magazines without the authorization of Party
A.
|
|
18.
|
Party
A reserves the right to seek the compensation from Party B in accordance
with any loss or damage of the original copies of the articles, pictures
and drafts that directly caused by Party
B.
|
|
19.
|
During
the term of this contract, in case of the wholesale pricing of paper
is
adjusted, Party A and Party B will amend this contract based on mutual
agreement.
|
|
20.
|
During
the term of this contract, neither Party A nor Party B can unilaterally
make changes to or terminate this contact. In case one Party has
to
terminate the contract because of certain reasonable causes, three
months
notice is required. The Party that breaches the contract shall pay
to the
other Party 5% of total printing cost as well as to compensate the
other
Party whatever the loss due to the breach of
contract.
|
3
|
21.
|
In
case Party A stops issuing the magazines, Party A is fully responsible
to
buy back the paper and other supply Party B prepared that would be
otherwise used to print the magazines of Party
A.
|
|
22.
|
The
term of this contract is from January 1, 2006 to December 31,
2006.
|
Party
A:
Sale and
Marketing Publishing House
Authorized
Representative:
(Corporate
Seal)
Date:
December 29, 2005
Party
B:
Henan
Ruiguang Printing Co., Ltd
Authorized
Representative:
(Corporate
Seal)
Date:
December 29, 2005
4
