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Sample Business Contracts

Cooperation Agreement - Guangzhou Jingyu Culture Development Co. Ltd. and Beijing Qiannuo Advertising Co. Ltd.

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Money Journal was published pursuant to this agreement previously but this
agreement is no longer used for publication of Money Journal.

                                                                     Translation

                                    CONTRACT

Party A: Guangzhou Jingyu Culture Development Co., Ltd.

Party B: Beijing Qiannuo Advertising Co., Ltd.

     Through amicable negotiation on the basis of equality and mutual benefit,
the parties have reached the following agreement in connection with cooperation
on Weekend Arts:

I.   Party A's Responsibilities, Obligations and Rights

     1.   Authorized by Zhou Mo Wen Hui, Party A entrusts Party B to coordinate
          and support the preliminary collection, editing and proofreading of
          the contents in each issue of publications (with a total of 24 issues
          a year, supplements excluded) of Zhou Mo Wen Hui within the contract
          term; entrusts Party B to carry out printing and production of the
          contents, formats, and covers of the aforesaid publications; and
          authorizes Party B to autonomously carry out the printing, issuing and
          advertising businesses of each publication of Zhou Mo Wen Hui within
          the contract term in the precondition that Party B complies with state
          policies and statutes and undertakes all related economic, social and
          legal obligations thereof.

     2.   Party A shall provide corresponding documents for printing and issuing
          Zhou Mo Wen Hui within the contract term.

II.  Party B's Responsibilities, Obligations and Rights

     1.   Zhou Mo Wen Hui is entitled to rights of final review, final
          amendments and final revisions of all articles (four-cover, format,
          advertisement, copyright recording included). Party B shall send the
          review letter enclosed in the email to Zhou Mo Wen Hui (letter sample
          shall be sent by express mail afterwards), and Party B should respect
          Zhou Mo Wen Hui' opinions on supplement or deletion of articles,
          editing and amendments to articles. Zhou Mo Wen Hui shall finish the
          final review within one day after receiving the email of all articles
          and fax the signed review letter to Party B for confirmation. Without
          the examination by Zhou Mo Wen Hui, articles are forbidden to be
          delivered for printing. Otherwise the contract shall be terminated and
          Party B shall be

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          held liable to all the consequences. The articles submitted to Zhou Mo
          Wen Hui for final examination should meet the state publishing
          standards completely, with the word error rate not exceeding one
          ten-thousandth.

     2.   Party B has the right to autonomously carry out various kinds of work
          entrusted or authorized by Zhou Mo Wen Hui. Party B shall bear all the
          expenditures for equipment, places, materials (office utilities,
          computer consumables, printing paper etc.), labor cost (contribution
          fee, design fee, staff salary, bonus, and welfare, pre-print
          production ) and printing to carry out the work, and undertake all the
          economic, social and legal obligations concerning the taxation of
          various jobs and businesses and the disputable problems including
          settlement of copyright, advertisement, taxation, trademark right that
          might arise. Party B's work shall comply with the state policies and
          laws of China, and author remuneration shall be timely paid according
          to state standard.

     3.   From October 2005 to December 2005, Party B will pay Party A the
          expenses of RMB twenty four thousand even (RMB24,000) for final
          review, editing and proofreading work, and expenses of RMB one hundred
          and twenty-five thousand even (125,000) for production, operation and
          development work. The aforesaid sum shall be paid once and for all
          prior to September 10, 2005.

          From Year 2006 to Year 2020, Party B shall pay RMB ninety-six thousand
          even (RMB 96,000) to Party A for final review, editing, and
          proofreading work each year.

          From Year 2006 to Year 2010, Party B shall pay RMB five hundred
          thousand even (RMB 500,000) to Party A for production, operation and
          development work each year.

          From Year 2011 to Year 2015, Party B shall pay RMB five hundred and
          sixty thousand even (RMB 560,000) to Party A for production, operation
          and development work each year.

          From Year 2016 to Year 2020, Party B shall pay RMB six hundred
          thousand even (RMB 600,000) to Party A for production, operation and
          development wrok each year.

          The above-mentioned expenses for final review, editing, and
          proofreading, and production, operation and development work for each
          year shall be paid off in two equal installments on December 1st of
          previous year and June 1st of that year, i.e. each installment
          accounts for 50% of the total sum for the year. As Zhou Mo Wen Hui is
          concerned, from the date the contract comes into force, all the profit
          generated from the operation by Party B, except for the agreed

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          sum to be turned in to Party A, shall belong to Party B; in case of
          deficit occurred within the contract term, all the deficit shall be
          shouldered by Party B, while the payments to Party A shall be fully
          paid on schedule.

     4.   Party B shall offer 100 samples of each issue of Zhou Mo Wen Hui to
          Zhou Mo Wen Hui and should deliver them from Guangzhou to Yinchuan
          within 3 days from the date of printing completion with postages
          covered by Party B.

     5.   Party B is not allowed to carry out any other production and operation
          activities related to Zhou Mo Wen Hui without permission of Zhou Mo
          Wen Hui.

III. Cooperation Term: From October 2005 to December 2020.

IV.  Contract Modification, Liability for Breach of Contract and Dispute
     Settlement

     1.   Both parties should reach common ground regarding the amendments,
          modification or cancellation of contract, and should reach a written
          resolution.

     2.   Within the cooperation term, in the case that this contract cannot be
          completely fulfilled due to breach by either party, the breaching
          party should inform the breached party in writing six months in
          advance, so that the breached party can look for a new partner and
          cooperation mode.

V.   This Contract is made in duplicate. The contract shall come into force upon
     the signatures and seals affixed by both parties.

Party A: Guangzhou Jingyu Culture Development Co., Ltd. [Company chop of
Guangzhou Jingyu Culture Development Co., Ltd.]


/s/
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Date: September 25, 2005


Party B: Beijing Qiannuo Advertising Co., Ltd.


/s/ Fan Cho Tak Alex
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Date:
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