MARKETING SERVICES AGREEMENT ValueMaxx Program
ValueMaxx
Program
This
MARKETING SERVICES AGREEMENT (“Agreement”) is made an entered into as of
February 1, 2008 (“Effective Date”) by and between Wall Street Reporter Inc.
(“WSR”), a Delaware Corporation, with offices at 000 Xxxxxxxxx Xxxxxx, Xxxxx
000, Xxx Xxxx, XX 00000 and China Holding, Inc. (OTC BB: CHHL) (“Client”) a
Nevada Corporation, with offices at 000 Xxxxxxxxxx Xxxxxx Xxxxx, Xxxxx 000,
Xxx
Xxxxx XX 00000
Under
the terms and conditions of this Agreement, WSR will provide the Client with
the
following services during the term of this agreement, which will commence on
the
Effective date and continue for a period of one (1) year:
VALUEMAXX
SERVICES
1.
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WSR
Conferences. A representative of the Client’s senior management
team will have the opportunity to present at up to four (4) WSR
conferences or events, which will take place during the term of this
agreement in a financial center such as New York City, Los Angeles,
London, Frankfurt, Zurich, or any other city deemed appropriate by
and on
dates to be determined by WSR.
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a.
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VCALL
Webcast. The Client’s presentation(s) will be audio taped and
streamed live on the internet, as well as available “On Demand” for six
months after the date of the
presentation.
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b.
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Program.
A full-page profile of the Client Company will be included in print
materials distributed to attendees at the event. The profile will
follow a
format to be provided by WSR. In addition to the profile, the Program
will
include a bio of the presenter.
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c.
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Investor
Introductions. At the Client’s request, WSR will use its best
efforts to make personal introductions to institutional investors,
fund
managers and investment bankers at the events for the purpose of
raising
capital or building institutional shareholder base. Any introductions
that
result in successful financing will entitle WSR to a finders fee
of 1 % of
the capital raised, to be paid by Client on completion of
funding.
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2.
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WSR
Interview. The Client will be interviewed by WSR at least four
(4) times during the term of this agreement. In addition to providing
a
unique opportunity to present the value of an investment in the Client
company directly to investors, the multiple interviews will allow
them to
update the investment community directly with recent news which could
directly impact their value to potential investors. WSR will produce
an
audio of the interview, as well as a text transcript, that will be
featured in the ValueMaxx Services.
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3.
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WSR
Global News Syndication. WSR will feature the Client in eight (8)
“Multi-Ticker” press releases, which will be written by WSR editorial
staff and submitted to the Client for approval. The press releases,
which
will be distributed on NASDAQ PrimeNewswire, will include highlights
of
Client or a fund manager interview, to be determined by WSR, along
side
news of up to three (3) leaders in the Client’s industry, the purpose of
which is to generate extended press attention of the Client through
search
by journalists and editors of the other companies being referenced
in the
release.
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4.
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Video
Interview Feature. WSR will produce two (2) video interviews with
the CEO, which will be recorded at the participating WSR Conference.
The
videos will be posted on xxxxxxxxxxxxxxxxxx.xxx on available on the
Client’s Investor Hub page during the term of the agreement. WSR may also
distribute the videos via Google Video, YouTube and various Client
will
receive a 4:00 minute corporate video, based on the materials produced
in
the scope of this program, for their internal marketing and investor
relations purposes.
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5.
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Wall
Street Reporter Magazine Feature. Two (2) CEO interviews will be
published in the glossy, print-version of Wall Street Reporter magazine,
which is mailed to subscribers including high net-worth investors,
fund
managers, analysts, and investment bankers. Bonus distribution includes
WSR and other investor conferences.
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6.
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Digital
WSR. A PDF version of the Wall Street Reporter magazine featuring
the interviews will be distributed via email to WSR’s list of retail
investors.
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7.
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WSR
Online. The Client’s interview will be featured in rotation on
the front page of the WSR website, xxx.xxxxxxxxxxxxxxxxxx.xxx,
as well as available for download during the term of this agreement.
This will include a company logo and summary, and link to the Client’s
Investor Hub page.
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a.
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a.
Investor Hub. WSR will create an “Investor Hub Page,” which will link to
the Client’s interview and contain the
following:
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2
i.
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Streaming
audio of the current Client interview, as well as links for previous
Client interviews conducted by WSR during the term of this
agreement.
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ii.
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Text
transcript of the most recent Client
interview.
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iii.
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Company
logo and picture of CEO, or other member of the senior management
team to
be determined by the Client.
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iv.
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A
profile description of the company, including a link to the Client’s
website and Investor Relations contact
information.
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v.
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Company
news headlines from the past six (6) months, including links to the
press
releases.
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vi.
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CEO
Conference presentation link.
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vii.
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Detailed
company stock quotes and price
chart.
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viii.
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Links
to Client’s SEC filings, providing easy access for further investor
research.
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ix.
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Lead
Generation Features. Investor’s can sign-up for email news alerts or
message board updates on the client
company.
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x.
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Social
Networking Tools. Visitors to the Client’s Investor Hub Page can rate the
interviews, email the page to colleagues, bookmark in Google or various
social networking sites such as Digg, post messages about the
company.
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xi.
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RSS
Syndication. Contents of the Investor Hub page will be made available
as
an RSS feed, so site vistors, investor blogs and can subscribe to
the page
and read or post updated news or
interviews.
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xii.
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Podcast.
Client’s CEO interview is distributed as a podcast and can be downloaded
by subscribers on the WSR website or in Apple
iTunes
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b.
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Client
News Headlines. All Client’s latest news releases are guaranteed
to be posted on the front page of the WSR website for 48
hours.
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8.
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Smart
Money Alert. A summary of the Client’s interview will be featured
in WSR’s weekly “Smart Money Alerts” email newsletter, which is
distributed to all Wall Street Reporter
subscribers.
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9.
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Research
Analyst Coverage. Starwood Research Institute, an affiliate of
WSR, will assign an analyst to provide ongoing research coverage
on your
stock, which includes:
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a.
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Research
Report: Starwood will produce a informational report which will synthesize
and communicate the Client’s story in a context designed for investors.
This report will be featured on xxxxxxxxxxxxxxxxxx.xxx, and
XxxxxxxxXxxxxxxx.xxx websites. Report will also be distributed via
email to all WSR and Starwood subscribers. Company will receive one
Investment Research Report during the term of this
agreement.
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b.
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Analyst
Notes: Starwood’s analysts will provide ongoing coverage, and visibility
for your stock through regular “Analyst Notes” which provide investor
updates based on your company’s news
events.
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c.
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CEO
Interviews: Starwood’s analysts will produce quarterly CEO Interviews,
through which investors will be able to better understand your company’s
upside potential, the
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stock’s
value drivers, as well as risk factors.
d.
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News
Syndication: Starwood will feature each of your company Reports,
Interviews, and Analyst Notes in multi-ticker-tag press-releases,
and
syndicated features.
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TERMS
AND CONDITIONS
1.
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FEE
AND PAYMENTS. In consideration of the foregoing services performed
by WSR,
Client agrees to pay WSR a fee of $9,500 cash, and 4,000,000 (four
million) shares of restricted “Rule 144” stock, upon execution of this
agreement.
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i.
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Classification
of Shares. Any shares issued to WSR as Non-Cash Payment will be
deemed “shares fully earned” at the time of
issue.
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ii.
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Legal
Opinion. Upon execution of this agreement, Client will provide
WSR a legal opinion it securities attorney that all shares underlying
this
agreement are legally issued and are eligible for “piggy back”
registration.
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iii.
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Registration. Client agrees to use it’s best efforts to register these shares in its next registration statement. |
2.
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Substitution.
WSR reserves the right to substitute any one service or product in
this
contract if they have discontinued offering that service or product.
In
such event, WSR will make their best effort to provide a product
or
service of equal value and agreed to by the
client.
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3.
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Event
Cancellation Policies. WSR, at its discretion, shall reserve the
right to cancel or reschedule any event and will not be held responsible
for any costs or damages, other than providing a Substitution for
such
service, as provide for in Section 5 of this
agreement.
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a.
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Client
Cancellation. If for any reason the Client is unable or chooses
not to present at a previously scheduled WSR event or conference,
they may
reschedule their own discretion, provided
that:
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i.
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the
event or conference they chose to participate in is held during the
term
of this agreement; and
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ii.
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the
provide WSR with written notice at least three (3) weeks prior to
the date
of the event.
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4.
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Intellectual
Property Ownership. All intellectual property and content
produced by WSR on behalf of CHHL will be shared
copyright.
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5.
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Logo
Usage. As part of this Agreement, WSR may grant the Client the
right to use the Wall Street Reporter logo, or other marks it may
own.
Such rights will expire upon termination of this
agreement.
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6.
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Indemnification.
Client unconditionally, absolutely and irrevocably agrees to and
shall
indemnify and hold harmless Wall Street Reporter, Inc. and its past,
present and future directors, officers, affiliates, counsel, shareholders,
employees, agents, representatives, contractors, successors and assigns
WSR, and such persons (collectively referred to as the "INDEMNIFIED
PERSONS") from and against any and all losses, claims, costs, expenses,
liabilities and damages (or actions in respect thereof) arising out
of or
related to this Agreement, and any actions taken or omitted to be
taken by
an Indemnified Party in connection with this Agreement ("INDEMNIFIED
CLAIM"). Without limiting the generality of the foregoing, such
indemnification shall cover losses, claims, costs, expenses, liabilities
and damages
imposed on or incurred by the Indemnified Persons, directly or indirectly,
relating to, or resulting from, or arising out of any misstatement
of fact
or omission of fact, or any inaccuracy in any information provided
or
approved by the Company in connection with the engagement, including
information in any SEC filing, press release, website, marketing
material
or other document, whether or not the Indemnified Persons relied
thereon
or had knowledge thereof, claims of third parties providing marketing
services tothe Company. In
addition, the Company agrees to reimburse the Indemnified Persons
for
legal or other expenses reasonably incurred by them in respect of
each
Indemnified Claim at the time such expenses are incurred. Notwithstanding
the foregoing, the Company shall not be obligated under the foregoing
for
any loss, claim, liability or damage that is finally determined by
a court
with proper jurisdiction to have resulted primarily from the willful
misconduct or bad faith of the Indemnified
Person.
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7.
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Confidentiality.
WSR agrees that all Confidential Information (defined below) shall
remain
the MATERIAL INFORMATION property of the Company and will be held
and
treated by WSR, its affiliates, directors, officers, employees, agents,
attorneys, accountants and representatives (collectively, the
“REPRESENTATIVES") in confidence and will not, expect as provided
in this
Agreement, without the prior written consent of the Company, be disclosed
by WSR or its Representatives, in any manner whatsoever, in whole
or in
part, and will not be used by WSR or its Representatives other than
in
connection with performing the duties and responsibilities of WSR
under
this Agreement.
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a.
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Confidential
Information means all technical, commercial, financial or other
information concerning the business, affairs and operations of the
Company
and its affiliates and which the Company or its agents or representatives
have provided or will provide to WSR in connection with its services
hereunder whether provided in writing, electronically or verbally.
Notwithstanding the foregoing, the following will not constitute
"Confidential Information" for purposes of this Agreement; information
which is available in the public domain or marketplace; information
which
after disclosure to WSR by the Company becomes part of the public
domain
by publication or otherwise, except by breach by WSR of the terms
of this
Agreement; information which was rightfully in the possession of
WSR at
the time of disclosure to WSR by the Company; and information which
is
rightfully received by WSR from a third party who is not prohibited
from
transmitting the information to WSR by a contractual, legal or fiduciary
obligation to the Company.
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b.
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WSR
agrees that within ten (10) business days of the Company's request,
it
shall either deliver to the Company (i) originals and any copies
of any
documentation, electronic or otherwise, which constitutes Confidential
Information or (ii) a certificate signed by an officer of WSR certifying
that all copies of any documentation, electronic or otherwise, which
constitutes Confidential Information have been destroyed. Notwithstanding
the foregoing, WSR shall be entitled to retain one (1) copy of all
documentation related to the services that it performs pursuant to
this
Agreement.
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c.
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WSR
acknowledges that it is aware of and will inform its Representatives
of
same, that the securities laws of the United States (as well as
the
regulations of the stock exchanges, NASDAQ and other quotation
systems)
prohibit any person who has material, non-public information concerning
the Company from purchasing or selling the Company's securities
when in
possession of such information and from communicating such information
to
any other person or entity under circumstances in which it is reasonably
foreseeable that such person or entity is likely to purchase or
sell such
securities in reliance upon such
information.
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8.
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Corporate
Obligations. The obligations of WSR under this Agreement are
solely corporate obligations, and no officer, director, employee,
agent,
shareholder or controlling person of WSR shall be subject to any
personal
liability whatsoever to any person, nor will any claim be asserted
by or
on behalf of the Company, with respect to breach of the terms of
this
Agreement. This provision does not limit or restrict in any way claims
with respect to any matters other than breach of the terms of this
Agreement.
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a.
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If WSR is called upon to render services directly or indirectly relating to the subject matter of this Agreement, beyond the services contemplated above (including, but not limited to, production of documents, answering interrogatories, giving depositions, giving expert or other testimony, whether by agreement, subpoena or otherwise), the Company shall pay to WSR a reasonable hourly rate for the persons involved for the time expended in rendering such services, including, but not limited to, time for meetings, conferences, preparation and travel, and all related costs and expenses and the reasonable legal fees and expenses of WSR's counsel. |
9.
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Survival
of Certain Provisions. The Sections entitled "Indemnification"
(including "Exhibit A"), “Corporate Obligations," Confidentiality and
Material Information" and "Additional Services" shall survive any
termination of this Agreement and WSR's engagement pursuant to this
Agreement. In addition, termination shall not affect any right of
WSR's to
compensation accrued through the date of termination and for reimbursement
of expenses (including third-party marketing costs). Any termination
of
this Agreement by the Company prior to the end of the term other
than in
the event of a material breach of the Agreement by WSR which WSR
has not
cured or corrected within 15 days of written notice of the breach,
or any
termination by
WSR as a result of non-payment or other material breach by the Company
(including the failure to pay third-party marketing costs), shall
not
terminate WSR's right to the fees through the entire
Term.
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10.
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Attorneys’
Fees. If any action or proceeding is brought to enforce or
interpret any provision of this Agreement, the prevailing party shall
be
entitled to recover as an element of its costs, and not its damages,
reasonable attorneys' fees to be fixed by the
court.
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11.
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Governing
Laws. The laws of the state of New York govern all matters
arising out of or relating to this Agreement and all of the transactions
it contemplates, without giving effect to its conflicts of law principles.
Any party bringing a legal action or proceeding against any other
party
shall bring such legal action or proceeding in the state Superior
Court of
New York County, New York. The parties consent to the exclusive
jurisdiction of such court and each party waives, to the fullest
extent of
the law, any objection that it may now or later have to the exclusive
jurisdiction of such court.
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12.
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Entirety.
This agreement represents the entire Agreement and understanding
between
the Parties and supercedes all other prior oral or written understandings,
communications, Agreements or contracts between the parties. The
language
of this Agreement shall be construed as a whole according to its
fair
meaning, and not construed strictly for or against any
party.
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13.
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Severability.
If a court of competent jurisdiction finds a term, condition, or
provision
of this Agreement to be illegal or invalid, then the term, condition,
or
provision shall be deemed severed from this
Contract.
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Agreed
to and Accepted by:
China Holding, Inc. | WALL STREET REPORTER Inc. | |||
/s/
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/s/
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Name:
Xxxxxxxx Xx
CEO
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Xxxx Xxxxx
CEO
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Date:
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Date:
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