The 2011-2012 Network Lease Agreement for the 21 Southern Provinces Signed between Unicom New Horizon Telecommunications Company Limited And China United Network Communications Corporation Limited October 29, 2010
Exhibit 4.57
CU(01) — Finance — 2010 — 65 — 1463
The 2011-2012 Network Lease Agreement for the 21 Southern Provinces
Signed between
Unicom
New Horizon Telecommunications Company Limited
And
China United Network Communications Corporation Limited
October 29, 2010
Table of Contents
Article 1 Definition |
4 | |||
Article 2 Principles and Major Contents of the Lease |
5 | |||
Article 3 Lease Term |
5 | |||
Article 4 Delay of Lease |
6 | |||
Article 5 Lease Fee and Payment |
7 | |||
Article 6 Ownership and Risk Sharing |
7 | |||
Article 7 Liabilities of the Parties to the Agreement |
8 | |||
Article 8 Statement, representation and guarantee |
9 | |||
Article 9 Purchase Option |
10 | |||
Article 10 Liability for Breach |
11 | |||
Article 11 Force Majeure |
11 | |||
Article 12 Confidentiality |
12 | |||
Article 13 Termination |
12 | |||
Article 14 Expenses |
13 | |||
Article 15 Waiver, Rights and Remedies |
13 | |||
Article 16 Severability |
14 | |||
Article 17 Notices |
14 | |||
Article 18 Governing Law and Arbitration |
14 | |||
Article 19 Effectiveness and Amendment |
15 | |||
Article 20 Supplementary Provisions |
16 |
2
This Agreement is signed between the following two Parties on October 29, 2010 in Beijing
of the People’s Republic of China: |
The
Leasing Party: Unicom New Horizon Telecommunications Company Limited (“Unicom New Horizon”)
Address: Room 610 of Office Build 0, Xx.00, Xxxxxxxxxxxxx Xxxxxx, Xxxxxxxxx
Xxxxxxxx, Xxxxxxx
The Renting Party: China United Network Communications Corporation Limited (“CUCL”)
Address: Xx. 00 Xxxxxxxxx Xxxxxx,
Xicheng District, Beijing
Whereas:
(1) CUCL is a foreign investment company established under the laws of the PRC, which is 100% owned
by China Unicom (Hong Kong) Limited (“Unicom Red Chip Company”). The major business of CUCL in
China include: fixed-line local telephone service ( including local wireless loop service), public
telegraph and telex services, domestic telecom facility services, fixed-line domestic long distance
call service, fixed-line international long distance call service, IP telephone service (limited to
Phone-to-Phone service), 900/1800MHz GSM 2G digital cellular mobile telecommunications service,
WCDMA 3G digital cellular mobile telecommunications service, satellite international private line
service, Internet data transmission service, international data telecommunications service, 26GHz
radio access services; and mobile communications services in 31 provinces (autonomous regions and
municipalities) such as Beijing, Tianjin, Shanghai, Liaoning, Hebei, Shandong, Jiangsu, Zhejiang,
Fujian, Guangdong, Hubei, Anhui, Sichuan, Guizhou, Xinjiang, Chongqing, Shaanxi, Guangxi, Henan,
Heilongjiang, Jilin, Jiangxi, Shanxi, Inner Mongolia, Hunan, Hainan, Yunnan, Ningxia, Gansu,
Qinghai and Tibet;
(2) Unicom New Horizon is a limited company established and validly existing under the law of PRC,
whose shares are 100% held by China United Network Communications Group Company Limited (“Unicom
Group”). Unicom New Horizon owns the fixed networks assets of the 21 southern provinces and cities
(regions);
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Based on equality and mutual benefits, the Parties have reached the following agreement through
friendly consultations:
Article 1 Definition
1.1 | In this Agreement, unless the context (including “whereas” provisions and the annex of this
Agreement) otherwise requires, the following expressions have the meanings defined below: |
Unicom New Horizon (the Leasing Party)
|
Refers to Unicom New Horizon Telecommunications Company Limited | |
CUCL (the Renting Party)
|
Refers to China United Network Communications Corporation Limited | |
The target area/ 21 southern provinces
and cities (regions)
|
Shanghai Municipality, Jiangsu Province, Zhejiang Province, Anhui Province, Fujian Province, Jiangxi Province, Hubei Province, Hunan Province, Guangdong Province, Guangxi Zhuang Autonomous Region, Hainan Province, Chongqing Municipality, Sichuan Province, Guizhou Province, Yunnan Province, Tibet Autonomous Region, Shaanxi Province, Gansu Province, Qinghai Province, Ningxia Hui Autonomous Region and Xinjiang Uygur Autonomous Region | |
Fixed communications network
|
For the purpose of this Agreement, it refers to various domestic and international fixed telecom networks, facilities and their affiliated equipment that are owned or succeeded by the leasing Party. | |
Fixed network services
|
It refers to the operation of various domestic and international fixed telecom network, facilities; provision of voice, data, image, and multimedia communications and information services based on fixed telecom network | |
The fixed network assets in 21
provinces and cities (regions)
|
It refers to the communications equipment and facilities related to the operation of the fixed communications network in the 21 southern provinces and cities (regions) | |
Lease term
|
It refers to the period agreed under 3.1 of this Agreement | |
Purchase options
|
It refers to the communications network purchasing option owned by the rent Party under Article 9 of this Agreement |
1.2 | Any article or clause mentioned in this Agreement, unless otherwise explicitly specified,
shall be an article or clause under this Agreement. |
1.3 | Any party mentioned in this Agreement or other agreements or documents shall include the
successor or permitted transferee. |
1.4 | Any law or any provision of the law mentioned in this Agreement shall include the
modification and reenactment of the law and provision, the alternative provisions or all
rules and legal documentations published according to the above-mentioned laws and
provisions. |
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1.5 | The titles of the articles and annex of this Agreement are only for the convenience of
reading, which would not have any legal effect when explaining the contract. |
Article 2 Principles and Major Contents of the Lease
2.1 | The Leasing Party agrees to lease the fixed network assets of 21 southern provinces
and cities (regions) according to the terms and conditions set forth in this Agreement. |
2.2 | The Parties confirm that the lease takes effect as of Jan 1, 2011 (including the day). |
2.3 | The Parties hereby agree that unless otherwise arranged, the Renting Party shall be the
sole user of the fixed network assets of 21 southern provinces and cities (regions), upon
which the Renting Party could operate its fixed-line services in the target areas pursuant
to applicable laws and regulations of PRC. |
2.4 | As the consideration for the Leasing Party’s fulfillment of its obligations under this
Agreement, the Renting Party shall pay the rent fee agreed under Article 5 of this
Agreement. |
2.5 | All the business operation revenue generated by the fixed network services in the target
areas, including but not limited to voice traffic fee, monthly rent fee, interconnection
settlement income and other revenue generated by or related to network operation shall be
collected by and belong to the Renting Party. |
|
2.6 | The costs for operation, management and maintenance of the fixed communications network shall
be borne by the Renting Party. |
Article 3 Lease Term
3.1 | The expiration period of this Agreement and the lease term herein are two (2) years,
starting from Jan 1, 2011 and ending on Dec 31, 2012. |
3.2 | Subject to the compliance of the laws and relevant state regulations, when the term of
this Agreement or its extension expires, the Renting Party is entitled to, with at least
two month prior notice to the Leasing Party, extend the renting of the fixed network assets
of 21 southern provinces and cities (regions) according to the terms and conditions(except
the rate of renting) set forth in this Agreement.
|
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Article 4 Delay of Lease
4.1 | If due to any incident or situation, the Leasing Party fails to provide any of the
relevant telecom network facilities within the fixed network assets of 21 southern
provinces and cities (regions), which may influence the Renting Party’s provision of
fixed network services to its customers, the Leasing Party shall, as soon as possible
(under any circumstances, within 5 working days after the Leasing Party being aware of
the incident or situation), notify the Renting Party in writing. Such notification shall
list the following: |
4.1.1 | The nature of the incident or situation and if it is caused by the reasons
listed in provision 4.4; |
||
4.1.2 | If the Leasing Party believes that certain measures need to be taken for
correcting the matter or enabling the network to operate as soon as possible, the
Leasing Party must specify the measures; and |
4.1.3 | The impacts that such incident or situation might have on the Renting
Party’s provision of fixed network service, including the number of possible
affected fixed network users. |
4.2 | Once the Renting Party receives any notification based on Clause 4.1, it shall
discuss possible corrective action with the Leasing Party in good faith. |
4.3 | In addition to the situation mentioned in Clause 4.4 of this Agreement, if the Leasing
Party fails to provide any of the fixed networks assets in the 21 southern provinces and
cities (regions) and thus affects the Renting Party’s provision of fixed networks services,
the Leasing Party shall give a discount on the lease fee (hereinafter called “Delay
Discount”). It is calculated as follows: |
Delay Discount =
|
the number of Renting Party’s fixed network users affected by
the delay × time of delay (number of days)× the ARPU of fixed network
users(including basic communications and value-added services)/ number of days of
corresponding months |
In the above formula, “the number of Renting Party’s fixed network users affected by the
delay” shall be confirmed in accordance with the Renting Party’s report and the actual
proof provided; “the ARPU of fixed network users (including basic communications and
value-added services)” shall be the average monthly ARPU of the fixed network users in
affected areas during the period of three months before the delay, an figure which is
confirmed by the Renting Party. |
||
The Delay Discount shall be deducted from the lease fee (to be paid by the Renting Party to
the Leasing Party) of the next term. |
4.4 | If any incident or situation notified by the Leasing Party to the Renting Party based
on Clause 4.1 falls in the following category or caused by the following items: |
4.4.1 | Force Majeure; |
||
4.4.2 | The Renting Party materially fails to fulfill its substantial obligations
under this Agreement, or prevents the Leasing Party from carrying out its duties
under this Agreement; or |
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4.4.3 | The need to abide by any applicable laws, any compulsory requirements set
by the governmental authorities or other applicable compulsory stipulations; |
unless such incident (only limited to the incidents stipulated in Clause 4.4.3) is caused by
the Leasing Party’s violation of this Agreement, the Leasing Party is not responsible for
giving any delay discount, liquidated damages or other compensations due to the inability
(caused by such incidents) to lease the telecom network facilities to the Renting Party
according to the terms and conditions of this Agreement; however, the Leasing Party shall
resume the provision of related telecom network facilities which are interrupted due to such
incidents at the earliest date possible.
Article 5 Lease Fee and Payment
5.1 | The lease fee during the lease term is: |
5.1.1 | The lease fee for 2011 is 2.4 billion Yuan; |
||
5.1.2 | The lease fee for 2012 is 2.6 billion Yuan. Unless otherwise specified in
writing between the two Parties, all payable lease fees shall be paid in RMB. |
5.2 | The lease fee shall be paid by quarter based on the standards listed in Clause 5.1 and
transferred to the Leasing Party within 30 days after each quarter. |
5.3 | If, according to Clause 3.2 of this Agreement, both Parties agree to extend the lease
term, the related lease fee shall be separately discussed between the two Parties. |
Article 6 Ownership and Risk Sharing
6.1 | Both Parties agree, the fixed communications network leased under this Agreement shall
be owned by the Leasing Party. The Renting Party could, after the lease taking effect,
build or expand related fixed communications network according to its business development
needs, and ownership of those newly built and expanded network facilities and equipment
(paid by the Renting Party itself) belong solely to the Renting Party. Pursuant to the
applicable laws and regulations, the Parties shall underwrite their own network equipment
and facilities respectively and enjoy the benefits of such insurances. |
6.2 | During the lease term, the Leasing Party shall be responsible for the risk of loss,
theft, damage or destruction of the assets of fixed communication network, while the
Renting Party is responsible for the loss of damage caused by the operation of fixed
communication network within its target areas. |
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Article 7 Liabilities of the Parties to the Agreement
7.1 | Liabilities of the Leasing Party |
Without limiting the liabilities of the Leasing Party under other provisions of this
Agreement, the Leasing Party shall hold the following liabilities to the Renting Party:
7.1.1 | Obtaining and maintaining all the necessary government
approval/authorization, license and other documents required for network operation,
maintenance and upgrade; |
||
7.1.2 | Ensuring the fixed assets of the 21 southern provinces and cities (regions)
could be delivered to the Renting Party for use during the lease term; |
7.1.3 | Trying its best to make sure the network quality indicators’ compliance with
the agreed standards set by the two Parties; |
7.1.4 | If the Renting Party requires the Leasing Party to upgrade its network
software or hardware, the Leasing Party shall try its best to meet the requirements
as soon as possible; |
||
7.1.5 | Unless agreed in writing by the Renting Party, any part of the fixed
communications network of the target areas shall not be rent or sold to any third
party, or any third party shall not be allowed to use or operate the network for
telecom service provision in any form; |
||
7.1.6 | Without the prior written consent of the Renting Party, the Leasing Party
shall not, in any form, use or operate the fixed communications network of the target
areas to provide telecom service to any third party, or compete with the listed Group
in any other form; |
||
7.1.7 | If any part of the fixed communications network in the target areas
breaks down, the Leasing Party shall provide all the necessary cooperation to the
Renting Party, including contacting the network equipment providers and coordinating
among the parties. |
7.2 | Liabilities of the Renting Party |
Without limiting liabilities of the Renting Party under other provisions of this Agreement,
the Renting Party shall hold the following liabilities to the Leasing Party:
7.2.1 | Providing the information and materials about the network status, usage
and operation as reasonably required by the Leasing Party from time to time; |
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7.2.2 | Allowing the representative of the Leasing Party to examine the network during
normal working time after a reasonable notification has been sent; |
||
7.2.3 | Being responsible for the maintenance and security of the network, and in
charge of the maintenance of all the databases related to the network; |
||
7.2.4 | Allowing the Leasing Party to use the premise of the Renting Party for the
purpose of fulfilling the Leasing Party’s duties under this Agreement; |
||
7.2.5 | (i) Taking all the necessary or favorable steps to protect all parts of
network, trying to keep the network in a good state (excluding normal wear and tear),
and (ii) maintaining the network according to the best practice commonly recognized
by other fixed network service operators in China. |
Article 8 Statement, Representation and Guarantee
8.1 | Statement, representation and guarantee of the Renting Party to the Leasing Party: |
8.1.1 | The Renting Party is a legal entity formally registered and validly
existing pursuant to the Chinese laws, and is operating with limited liability. It
is entitled to own and use its capital to continue its ongoing services; |
8.1.2 | The Renting Party is capable of executing this Agreement, fulfilling the
obligations under this Agreement and carrying out the transactions contemplated in
this Agreement. In addition, it has taken all the necessary actions to approve the
execution, fulfillment and delivery of this Agreement and carry out the transactions
contemplated in this Agreement. |
8.1.3 | This Agreement becomes an integral part of the Renting Party’s legal, valid and
binding liabilities; |
8.1.4 | The Renting Party’s execution and fulfillment of this Agreement and the
performance of the transaction contemplated herein, is not and will not (i) be in
contradiction with the incorporation documents of the Renting Party; or (ii) be in
contraction with any document which has binding effects on the Renting Party or any
of its assets or lead to violation of such documents, nor will it lead to any
guarantee on any of its assets; |
8.1.5 | The Renting Party abides by the civil and commercial laws relating to its
liabilities under this Agreement; neither the Renting Party nor any of its assets is
entitled to exemption of any sort, and the Renting Party’s executing and fulfilling of
this Agreement is a private commercial act; and |
8.1.6 | There is no pending or possible law suit, arbitration or administrative
procedure, the failing of which will lead to major unfavorable impact on the Renting
Party’s financial status or services, or on its capability to fulfill the
liabilities under this Agreement. |
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8.2 | Statement, representation and guarantee of the Leasing Party to the Renting Party: |
8.2.1 | The Leasing Party is a legal entity formally registered according to the
Chinese law, and is operating with limited liability. It is entitled to own and use
its capital to continue the services it is providing; |
8.2.2 | The Leasing Party is capable of executing this agreement, fulfilling the
obligations under this Agreement and carrying out the transactions contenplated in
this agreement. In addition, it has taken all the necessary actions to approve the
execution, fulfillment and delivery of this Agreement and carry out the transactions
contenplated in this Agreement. |
||
8.2.3 | This agreement becomes an integral part of the Leasing Party’s legal, valid and
binding liabilities; |
8.2.4 | The Leasing Party’s execution and fulfillment of this Agreement and the
performance of the transaction contemplated herein, is not and will not (i) be in
contradiction with the incorporation documents of the Leasing Party; or (ii) be in
contraction with any document which has binding effects on the Leasing Party or its
assets or lead to violation of such documents, nor will it lead to any guarantee on
any of its assets; |
8.2.5 | All approvals, consents, registration and notification with regard to the
Leasing Party’s execution, fulfillment, legal effect and performance of this Agreement
under the PRC laws and those necessary for the transaction contemplated herein, the
obtaining or completion of which are the liability of the Leasing Party (depend on
which is applicable), shall be already obtained or completed and must be in full
validity; |
8.2.6 | The Renting Party’s usage of the network under this Agreement will not
cause the Renting Party to violate any law, rule, order, license, waiver, consent,
registration, approval or other authorization; and |
8.2.7 | The Leasing Party abides by the civil and commercial laws relating to its
liabilities under this Agreement; neither the Leasing Party nor any of its asset is
entitled to exemption of any sort, and the Leasing Party’s execution and fulfillment
of this Agreement constitutes a private commercial act. |
Article 9 Purchase Option
9.1 | The Leasing Party hereby grants the purchase option for the fixed-line communication
network of the target areas to the Renting Party. The Renting Party may exercise the
purchase option during the lease term upon the delivery of a written notice to the Leasing
Party. |
9.2 | The Leasing Party and the Renting Party shall in good faith conduct a negotiation on and
sign a transfer agreement in relation to the fixed-line communication network of the target
areas once it becomes practical. The purchasing price of the fixed-line communication
network of the target areas shall be determined by a
consultation between the Leasing Party and the Renting Party by taking into consideration of
the evaluation results concluded under the applicable laws and regulations of China in
combination with the fair value of such network.
|
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9.3 | The Renting Party shall exercise the purchase option in compliance with all applicable
laws, regulations and regulatory rules (including the Rules Governing the Listing of
Securities on the Stock Exchange of Hong Kong Limited). |
Article 10 Liability for Breach
10.1 | Any untrue, inaccurate, incomplete statement and/or guarantee, any false statement,
omission or misrepresentation, any violence of the commitment under this Agreement or any
provisions thereof by either party shall be deemed as breach of this Agreement. Unless
otherwise specified, the defaulting Party shall make complete and full compensations to the
non-defaulting Party for the actual damages caused. |
Article 11 Force Majeure
Force Majeure events shall mean any event that occurs after this Agreement takes effect and
adversely affects the performance by a Party of its obligations under this Agreement in whole or
in part, but only if and to the extent that such events are unforeseeable and the occurrence and
effect could not be prevented or overcome. Should either the Leasing Party or the Renting Party
(“affected Party”) be prevented, impeded or delayed from performing any of its obligations under
this Agreement due to the Force Majeure event, then:
11.1 | The affected Party may, subject to a notice of the Force Majeure event(s) delivered to the
other Party in accordance with Clause 11.2 of this Agreement, suspend the performance of its
obligations under this Agreement which is prevented, impeded or delayed by any Force Majeure
event during the period for which such event lasts. |
11.2 | The affected Party shall immediately give the other Party a written notice of the Force
Majeure event(s) after its occurrence, providing reasonable details on such Force Majeure
event(s), including the occurrence, time as well as the effects of such event(s) on the
affected Party’s ability to perform its obligations under this Agreement. |
11.3 | The affected Party shall use all reasonable efforts to mitigate the effects of the Force
Majeure event(s) on its ability to perform the obligations under this Agreement. |
11.4 | The affected Party shall notify the other Party in writing of the termination or
elimination of the Force Majeure event(s) and the duration of such event(s) after the cease
of such event(s) without any delay. Both Parties shall recommence
performance of their obligations under this Agreement. |
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Article 12 Confidentiality
12.1 | The Parties shall, and shall ensure that their directors, senior officers, employees and
agents, hold in confidence this Agreement, all terms and provisions thereof, and all
documents and information in relation to this Agreement supplied by or on behalf of the
other Party and shall not disclose this Agreement, any terms and provisions thereof or any
above-mentioned documents and information to the third party without the prior written
consent from the other Party. However, either Party shall be entitled to the following
disclosure subjecting to a prior notice to the other Party: |
12.1.1 | any disclosure by either Party for the purpose of protecting its rights and
benefits in any lawsuit or legal actions arising out of this Agreement or in respect
thereof; or |
12.1.2 | any disclosure required by an order of a court of the competent jurisdiction (to be
performed either in accordance with any disclosing procedures or in a pattern
otherwise specified) or by any laws or any rules and regulations of any stock
exchange or securities regulators; or |
12.1.3 | any disclosure made by either Party to its auditor, legal counselor or other
professional consultants; or |
12.1.4 | any disclosure by either Party to any banks or other financing institutions, or
potential financing institutions; or |
12.1.5 | any disclosure required by any applicable law or made by either Party for the
performance of its obligations under this Agreement. |
12.2 | Nothing set forth in Clause 12.1 shall preclude the disclosure of materials, documents or
other information relating to this Agreement by the Renting Party to China United Network
Communications Limited (“Unicom A Share Company”) and its subsidiaries. |
Article 13 Termination
13.1 | The Renting Party may terminate this Agreement at any time by giving written notice at
least ninety (90) day prior to the desired termination date.
|
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13.2 | In case of any continuing or material breach of any provisions of this Agreement
by either the Leasing Party or the Renting Party (except the deliberate breach of this
Agreement by either Party for the purpose of termination), should the defaulting Party
fail to make any remedies for the breach within ninety (90) days after the receipt of a
written notice containing information on details of breach and demanding remedies while
such breach is remediable, the non-breaching Party shall be entitled to terminate this
Agreement at any time, but to the extent that such termination will not affect any other
rights hereunder of the Parties or the remedies. |
13.3 | If the defaulting Party only violates the provisions on time of performance rather than
any other subject (in addition, the time of performance is not an essential element), such
breach shall be deemed remediable. |
13.4 | The right to terminate this Agreement stipulated in this Article shall not infringe on any
other right or remedy of either Party result from or arise out of the relevant breach (if
any) or any other breach. |
13.5 | On termination of this Agreement due to any reason, the Parties shall have no further
obligations hereunder except for rights or obligations otherwise specified or already
properly accrued prior to such termination. |
13.6 | Notwithstanding Clause 13.1, this Agreement may be terminated at any time subject to the
mutual consent in writing. |
13.7 | Upon the termination of this Agreement, the Renting Party shall return to the Leasing
Party in good faith the fixed-line communication network and properly deal with the
subsequent matters including customer service. |
Article 14 Expenses
14.1 | Save as otherwise provided herein, each Party shall bear its own expenses and expenditures
(including legal fees and expenses) in connection with the negotiation, preparation and
performance of this Agreement. |
14.2 | All stamp duties and other taxes payable in respect of this Agreement and any previous
transactions hereto shall be borne by the Parties in equal share. |
Article 15 Waiver, Rights and Remedies
Unless otherwise expressly provided herein, the waiver, failure or delay by either Party to
exercise any right, power or remedy under this Agreement or any other transaction document shall
not thereby act as a waiver of such right, power or remedy, nor shall the waiver, failure or
delay affect the Party’s subsequent performance of such right, power or remedy, or any other
right, power or remedy. Any single or partial exercise of any right, power or remedy shall not
preclude any further exercise of such right, power or
remedy. No waiver shall be effective unless made in writing and duly signed by an authorized
representative of the waiving Party.
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Article 16 Severability
All provisions under this Agreement and any other transaction documents shall be deemed
severable. In the event that any provision contained herein shall be held to be invalid or
unenforceable by reason of any law in any jurisdiction, such invalidity or unenforceability shall
attach to such provision; and the Parties shall make all reasonable efforts to replace such
provision with one that is valid and enforceable and which achieves, to the extent possible, the
purpose of the original provision.
Article 17 Notices
17.1 | All notices made under the provisions of this Agreement shall be in writing and duly
signed by the sender of such notice (or an authorized representative), and shall be given by
hand-delivery, postage prepaid recorded mail, express mail or registered mail, or facsimile
transmission to the Parties with a specified recipient at the address or facsimile number
set forth hereunder. Such notice shall be deemed officially delivered |
(1) | at the time personally delivered, when delivered by hand; |
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(2) | upon transmission thereof, if by facsimile transmission; and |
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(3) | at the time actually delivered, if sent by postage prepaid recorded mail,
express mail or registered mail. |
Should any notice given by hand-delivery or facsimile transmission be delivered at
non-working hour of the recipient, such notice shall be deemed received by such recipient at
the working hour of the next working day thereafter.
All the time specified in this Article shall refer to the local time at which the receiving
Party is located.
Article 18 Governing Law and Arbitration
18.1 | This Agreement shall be governed by and construed in accordance with the laws of China. |
18.2 | The Parties shall put in good effort to resolve any dispute, conflict or claim (“Dispute”)
arising under, out of, in connection with or relating to the interpretation or performance
of this Agreement through amicable consultation. If such Dispute has not been resolved
within sixty (60) days after the receipt by a
Party of a request requiring consultations between the Parties to resolve the Dispute,
such Dispute shall be submitted for arbitration. |
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18.3 | Any Dispute shall be resolved by means of arbitration in accordance with the effective
arbitration rule of China International Economic and Trade Arbitration Commission (“CIETAC”)
when such Dispute is submitted. The Dispute shall be decided by three arbitrators, one
appointed by each Party and the third appointed by the two chosen. In case the two
arbitrators chosen by the Parties fail to determine the third arbitrator, XXXXXX shall make
the appointment of the third arbitrator. |
18.4 | The arbitration proceedings shall be conducted by CIETAC in Beijing and in the Chinese
language, unless otherwise agreed by the Parties to the arbitration. |
18.5 | The award rendered by arbitration conducted pursuant to the foregoing proceedings shall be
final and binding upon both Parties, and may be enforced in accordance with the terms and
conditions thereof. |
18.6 | The arbitration fees shall be borne by the losing party. The Parties agree that, if one
Party shall enforce the award rendered by any legal proceedings, the Party subject to such
legal proceedings shall bear all reasonable fees, expenses and attorney fees. |
18.7 | During dispute settlement, the Parties shall continue to perform this Agreement except for
the provisions in dispute. |
Article 19 Effectiveness and Amendment
19.1 | This Agreement shall not become effective unless reviewed and approved by the board of
directors of the Unicom A Share Company and Unicom Red Chip Company, and duly signed by the
legal representatives or their authorized representatives of the Parties with the official
seals or special seals for contractual use stamped. Upon signature of this Agreement, any
amendment to this Agreement (or any other transaction documents) shall be binding only if
made in writing and duly signed by the legal representatives or their authorized
representatives of the Parties with the official seals or special seals for contractual use
stamped. |
19.2 | Except as expressly agreed, no amendment shall be construed as a general waiver of any
provisions under this Agreement, nor shall it affect any rights, obligations or liabilities
under or pursuant to this Agreement which have already accrued up to the date of amendment,
and such rights and obligations shall remain in full force and effect, except and only to
the extent that they are so modified or varied. |
19.3 | No right or privilege under this Agreement shall be assigned by either Party or its
successors except with the prior written consent of the other Party. |
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Article 20 Supplementary Provisions
20.1 | (For the Parties entering into this Agreement) In case of any conflict between any
provisions of this Agreement and any other agreements, the former shall prevail, unless (a)
such other agreement expressly states its priority over this Agreement in such conflict; and
(b) such other agreement is entered into by Parties to this Agreement, or such other
agreement prevails over this Agreement in such conflict as otherwise agreed in writing. |
20.2 | This Agreement together with its attached annexures shall constitute all legal documents
in connection with the leasing matter hereof and supersede all prior oral discussions and
written agreements on this subject matter, except otherwise agreed by the Parties. |
20.3 | This Agreement shall be signed in ten (10) originals, each Party holding two (2) and
others for the use of information disclosure, and review by and/or registration at the
government authorities (if required), each of which shall be equally authentic. |
(The next page is the signature page of this Agreement with no main text on it.)
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(This page is the signature page for the 2011-2012 Network Lease Agreement for the 21
Southern Provinces and there is no main text on it.)
Unicom
New Horizon Telecommunications Company Limited (Seal)
Signature of the legal representative or authorized representative
/s/ Xxxx Xxxxx
|
China United Network Communications Corporation Limited (Seal)
Signature of the legal representative or authorized representative
/s/ Xxxx Xxxx
|
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