MEMORANDUM OF UNDERSTANDING - JOINT VENTURE
Party A: Xxxx Xxxx
Party B: Asia Media Communications Ltd (MyWeb)
Both parties agree to form a strategic alliance partnership to develop the
market for Internet TV in China. Below are the points agreed upon:
1. Xxxx Xxxx agrees to be the OEM manufacturer of MyWeb in China, responsible
for producing and developing Internet set-top boxes and related products.
2. Both parties agree to cooperate in the development of the market. MyWeb
agrees to assist Xxxx Xxxx in areas such as suppliers, sales channel,
customer recommendations, capital, etc. to expedite the shipment of Xxxx
Xxxx branded set-top boxes to the market.
3. Both parties agree to develop the new generation of set-top boxes. MyWeb
will provide Xxxx Xxxx the right to use the Thunder software while Xxxx
Xxxx will design and manufacture the hardware.
4. Both parties plan to launch [***] set-top boxes for rental or sale
in Beijing and other areas within six months.
5. MyWeb agrees to include a link to Xxxx Xxxx'x website on the main page of
the MyWeb Online Service.
6. Xxxx Xxxx will install MyWeb's links to MyWeb Online Service on Xxxx Xxxx'x
computers. MyWeb will provide the software [***] . It will also
provide [***] advertisement of Xxxx Xxxx'x products on MyWeb's
website.
7. Both parties will establish a working committee responsible for carrying
out the project.
8. Any matters not raised in this agreement will be discussed on another
occasion. The agreement on the actual implementation will be signed by the
end of April.
There are four copies of this agreement, whereby each party will hold two
copies.
Party A Signature Party B Signature
/s/ illegible /s/ Xxxxx Xxx
----------------------- -------------------------
Xxxxx Xxx
Chief Operating Officer
1999/4/8
[***] Portions of this page have been omitted pursuant to a request for
Confidential Treatment and filed separately with the Commission.
