Advertising Lease Agreement between Titan Media Company Limited and Chengdu International Airport Advertising Co. Ltd.

Contract Categories: Real Estate › Lease Agreements
Summary

Titan Media Company Limited and Chengdu International Airport Advertising Co. Ltd. entered into an 8-year agreement granting Titan Media exclusive rights to operate outdoor scrolling light box advertisements at the new terminal of Chengdu International Airport. The contract covers specific advertising spaces, with an annual rent per sign and scheduled rent increases over the term. Titan Media is required to pay a security deposit. The agreement was signed in June 2006 and became effective in August 2006.

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EX-10.1 2 v053043_ex10-1.txt Chengdu International Airport Contract Summary Contracting Parties: Party A: Titan Media Company Limited Party B: Chengdu International Airport Advertising Co. Ltd. Term: 8 Years (June 2006 to May 2014) Total Value: 4,395,050.80 RMB (Approx. US$ 549,000) Contract Ref: 2006-XA-X-016 Location: New Terminal Arrival Level 24 size 2.5 m x 3 m Light Boxes Departure Level 8 size 1.8 m x 3 m Light Boxes Exclusivity: Party A enjoys exclusive rights to outdoor scrolling light boxes at New Terminal Rent: 55,000 RMB (Approx. US$ 6,875) per sign per year Year 3 increase 8% Year 4 increase 10% Year 5 increase 15% Year 6 increase 15% Year 7 increase 15% Year 8 increase 15% Security Deposit: 198,000 RMB (Approx. US$ 24,750) Date First Signed: June 1, 2006 Finalized and Effective: August 1, 2006