MANAGEMENT SERVICE AGREEMENT Between CANADIAN LEARNING SYSTEMS CORPORATION and SINO-CANADA HIGH SCHOOL
EXHIBIT
10.1
Between
CANADIAN
LEARNING SYSTEMS CORPORATION
and
SINO-CANADA
HIGH SCHOOL
THIS
AGREEMENT is dated the
January 1st,
2008.
BETWEEN:
(1)
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Canadian
Learning Systems Corporation, a private company with limited liability
incorporated in the British Virgin Islands (Company Number: 567633 and
have its office at Room 2101, Silver Tower, No. 933, West Zhongshan Road,
Shanghai, 200051, People’s Republic of China (hereinafter “CLSC”);
and
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(2)
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Sino-Canada
High School is a fully certified Canadian Offshore High School in China,
located at Xx. 0, Xxxx Xxx Xxxx, Xx Xx Town, Wujing, Suzhou, Jiangsu
(hereinafter “SCHS”).
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WHEREAS:-
(1)
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SCHS
provides dual diploma and dual curriculums of Canada and Chinese high
school education service to both Chinese and international students in
China.
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(2)
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CLSC
provides education management service to
SCHS.
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NOW
IT IS HEREBY AGREED AS FOLLOWS:-
1. Education
Management Service
1.1
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CLSC
agrees to provide the education management service to SCHS, while SCHS
agrees CLSC is the exclusive management service provider to SCHS. The
education management service includes but not limited
to:
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1.1.1
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Coordinate
with assigned supervisor from Ministry of Education, British Columbia,
Canada for business issues related to
SCHS;
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1.1.2
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Train
Chinese teachers in aspects of English literature and
culture;
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1.1.3
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Interview
foreign teachers for SCHS whenever it may
need;
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1.1.4
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Apply
with Canadian ministry of education for awarding diploma to SCHS’s
graduating students upon they have earned required credits,
etc.;
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1.1.5
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Provide
overseas expense management service in terms of operating expenses,
communications, business travel and staff compensation,
etc.;
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1.1.6
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Tutor
SCHS’s graduating students in terms of application for admission to
overseas universities and provide every possible service in the
process;
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1.1.7
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Provide
services related to student exchange program for
SCHS.
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2. Compensation
for Services
2.1
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SCHS
shall pay CLSC a management fee which
includes:
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(1)
Management fee (A) which is calculated based on total number of students on
campus at the end of service period at unit price of Rmb2,800 per student per
month for the period ended September 30, 2008;
(2)
Management fee (B) for other services provided by CLSC as described in the
Clause 1.1 which is calculated based on an annual fixed amount of Rmb360,000
amortized over 12 month period plus a floating amount calculated at unit price
of Rmb190 per student per month for the period ended September 30,
2008.
(3) The
Management fee (A) and Management fee (B) is subject to review next
quarter.
(4) The
Management fee (A) and Management fee (B) are due on demand.
2.2 Any
expense that is paid through CLSC on behalf of SCHS, SCHS shall reimburse CLSC
the same amount.
3. Governing
Law
This
Agreement and, unless expressly provided therein, shall be governed by and
construed and interpreted in accordance with the laws of the Hong Kong Special
Administrative Region.
4.
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Amendments
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This term of this Agreement may be
renegotiated and amended upon mutually agreed by both parties. Upon then, new
Agreement shall be entered to replace this Agreement.
5. Execution
This Agreement will be effective
immediately upon duly signed by both parties.
IN WITNESS whereof this
Agreement has been duly executed by all parties hereto the day and year first
above written.
SIGNED
by
for
and on behalf of Canadian Learning Systems Corporation:
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SEALED
WITH THE COMMON SEAL
of
Sino-Canada High School:
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