Memorandum of Understanding to Jointly Develop Broadband Network Technology and to Provide Internet Technical Services in the Beijing Area - Beijing Gehua Cable TV Networks Co. Ltd. and Big Sky Network Canada Ltd.
MEMORANDUM OF UNDERSTANDING
BEIJING GEHUA CABLE TV NETWORKS CO. LTD. AND BIG SKY NETWORK CANADA LTD.
TO JOINTLY DEVELOP BROADBAND NETWORK TECHNOLOGY AND TO PROVIDE INTERNET
TECHNICAL SERVICES IN THE BEIJING AREA
Beijing Gehua Cable TV Network Co. Ltd. (Party A) is a corporation located in
Metropolitan Beijing Area. The main business of the Company is to provide
Internet services, data transmission and other Internet based value-added
business in the Beijing Area. Big Sky Network Canada Ltd. (Party B) is a private
company, headquartered in Calgary, Alberta, Canada and its main business is to
build high-speed Broadband networks and to provide Internet technology services.
Party B desires to cooperative with Party A and to jointly develop the broadband
technology and to provide broadband network technology services, Internet data
transmissions, and other network value-added technical services in the Beijing
Area. Big Sky Network Canada Ltd. has gained valuable experiences and developed
special expertise that learned from its two joint ventures successfully launched
at Shekou in Guangdong Province, and Chengdu, in Sichuan Province and that could
be applied in Beijing Area. Based on the spirit of friendly cooperation and
mutual development, after discussions and negotiations, both Parties agreed that
there is huge market and enormous business potential to provide aforementioned
services in the Beijing Area. In addition, the Parties reached the following
consensus:
1. Both Parties agreed to cooperate and to jointly develop Internet
data transmission and broadband network services based on the
Cable TV networks of Beijing Area (the Project).
2. At the initial stage of the Project, Party A will build a two-way
testing HFC network that is not less than 10,000 cable subscribers
to be used for the Project. The building cost will be the Party
A's responsibility.
3. Party B will provide the equipment, technology, capital, and
personnel for the Project.
4. The Parties will make the testing network to be operated as a
commercial network within three months after its launching date.
5. The Parties will continue their discussion for further and deeper
cooperation of the Project.
6. This Memorandum of Understanding is written in the Chinese
language and four (4) original copies were made.
BEIJING GEHUA CABLE TV BIG SKY NETWORK CANADA LTD.
NETWORKS CO., LTD.
/s/ MIN TAN NG /s/ LU WANG
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AUTHORIZED REPRESENTATIVE AUTHORIZED REPRESENTATIVE
DATE: June 18, 2001 DATE: June 18, 2001