Agreement
This Agreement
is made and entered into by and between the following
Parties:
Party A:
Beijing Guoguang Guangrong Advertising Co., Ltd.
Address:
Floor5, Taikang Financial Tower, Building 1, No.38 Beisanhuan East
Road, Beijing.
Party B:
Beijing Maihesi International Advertising Co., Ltd.
Address: Room
401, Beijing Lanxi Hotel, No.1 Beisihuan Yuhui South Road, Chaoyang
District, Beijing.
Party A and
Party B shall be collectively referred to as the “
Parties ” and each individually as a “
Party ”.
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Party A and
Beijing Hongteng Lianguang Advertising Co., Ltd. (“
Hongteng ”) have entered into the exclusive
advertising agency agreement (the “ Beijing Agency
Agreement ”) with respect to Beijing FM90.5 of China
Radio International on May 5, 2008. It was agreed by Party A and
Hongteng that either Hongteng or its shareholders should
incorporate a new independent legal entity, Party B, within 15
business days after the execution date of the Beijing Agency
Agreement, and Hongteng shall transfer all its rights and
obligations under the Beijing Agency Agreement to Party B effective
from the incorporation of Party B.
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With the
incorporation of Party B being completed on May 8, 2008 by local
administration of industry and commerce, all the rights and
obligations under the Beijing Agency Agreement shall be performed
by Party A and Party B thereafter, and the Beijing Agency Agreement
shall be binding upon Party A and Party B.
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Party A and
Party B have entered into the exclu
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