Cooperation Agreement
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EX-10.17 4 exh10-17.htm COOPERATION AGREEMENT DATED NOVEMBER 15, 2010 BETWEEN HANGZHOU PENGTUO ANIMATION TECHNOLOGY CO. LTD. exh10-17.htm
Exhibit 10.17
Cooperation Agreement
Party A: Hangzhou Pengtuo Animation Technology Co. Ltd.
Party B: Hangzhou Kunjiang Education Technology Co. Ltd.
Through friendly consultations, Party A and Party B enter into the following agreement regarding jointly developing a 3D Cartoon names “Colony” (“Colony”).
I. Contents on cooperation
The cartoon “Colony”
II. Party A and Party B’s mutual responsibilities
| | 1) | Party A shall be responsible for the complete process, such as preliminary planning, animation, post processing and animation synthesis etc. |
| | 2) | Party B shall be responsible for marketing and promotion. |
III. Capital Investment
The total investment is RMB 1.4 million. Among this amount, Party A shall invest RMB 450,000 and Party B shall invest RMB 950,000. The investment from both parties with one time payment shall be in place before November 25, 2010.
| | IV. Term of the Cooperation |
From November 15, 2010 to November 15, 2015.
| | V. Profit Distribution |
The list of source of revenue:
| | 1) | The production of PC Console Games, online Games, PS2, Will, NDSL, PSP, mobile games etc. |
| | 2) | The operation of Card Trading Game Systems. |
| | 3) | Garage kit，plush toys, cell phone accessories and related products. |
| | 4) | Distribution on the oversea copyright of the cartoon through various channels |
| | 5) | Copyright sales through book publishers. |
| | 6) | Copyright revenue from image usage of the Cartoon characters. |
| | 7) | Publish special edition such as drawing comic stories, seeing recreated works etc. |
| | 8) | Copyright revenue from audio/video products sales through audio and video products publisher and Audio-visual products vendors. |
| | 9) | Broadcasting revenue from TV stations and related advertisement revenue. |
| | 10) | Revenue from trademark sales and copyright of the cartoon design. |
| | 11) | Online sales revenue from virtual commodities. |
| | 12) | Franchised chain stores and amusement part. |
This project will be managed with independent accounting. Profit distribution: Party A account for 30%, and Party B account for 70%. VI. For outstanding issues, Party A and Party B shall settle through negotiation. VII This Agreement contains two original copies and each party has one copy.
Party A: Hangzhou Pengtuo Animation Technology Co. Ltd.
(Seal)
Representative Signature: (Signed)
Party B: Hangzhou Kunjiang Education Technology Co. Ltd.
(Seal)
Representative Signature: (Signed)
Date: Nov. 15, 2010
