Cooperative Business Operation Contract entered by and between Hangzhou the Fifth Season General Merchandise Investment Management Co., Ltd. and He Haiming & Yang Xiaodong dated August 17 2009Cooperative Business Operation Contract • April 6th, 2011 • Fifth Season International, Inc. • Blank checks
Party A would register a new company mainly in business scope of operating karaoke entertainment in Jiashan, Zhejiang Province. The new company registered by Party A shall be operated by Party A and Party B jointly. Party A shall provide a self-owned real estate at least 7000 sq.m as the place for business operation. The total investment of the project is RMB 5,000,000 Yuan temporarily. Party A would contribute RMB 3,500,000 Yuan, Party B would contribute RMB 1,500,000 Yuan, and other residual investment would be paid by Party A. The term of cooperative business operation is 5 years since the registered date of the company. The Parties shall sign a new cooperative business operation contract 1 month before the terminate date of the original contract when the cooperation would be extended by the Parties. Party B has the priority of cooperative business operation.
