EXHIBIT 10.2
Agreement
CHINA MEDIA1 CORP. ("CMDA"), a Nevada, USA Corporation and GUANGZHOU TITAN MEDIA
CO. LTD. have reached an agreement concerning the "SHENZHEN BAOAN INTERNATIONAL
AIRPORT ADVERTISING CONTRACT". The agreement is based on friendly discussions
and mutual benefit, and is as follows:
Section 1 - Definitions
1. "One Side" means CMDA or GUANGZHOU TITAN MEDIA CO. LTD.
2. "Both Sides" means CMDA and GUANGZHOU TITAN MEDIA CO. LTD.
3. "This Agreement" means this executed Agreement.
Section 2 - Parties of the Agreement
1. CHINA MEDIA1 CORP. (hereafter "Party A"), a company incorporated
under the laws of the State of Nevada with trading on the NASD OTCBB
under symbol "CMDA".
Address: ▇▇▇-▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇▇ ▇▇▇ ▇▇▇
Legal Representative: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇
Position: President
2. GUANGZHOU TITAN MEDIA CO. LTD. (hereafter "Party B"), a company
incorporated under the laws of China and legally exists.
Address: 12/F Aerospace Skyscraper
Shenzhen, China
Legal Representative: ▇▇▇▇ ▇▇▇▇▇
Position: General Manager
Section 3 - Terms of the Agreement
Party B shall assign to Party A complete rights of their Shenzhen Baoan
International Airport Rolling Advertising Signs Contract (attached) and in
return Party A shall, based on US Securities and Exchange Commission and NASD
rules and regulations, issue 10,000,000 new shares and USD 300,000 as upfront
expenses to Party B or its appointees.
Section 4 - Future Airports
Party B shall use its business network and best efforts to exclusively secure
other airport advertising contracts for Party A, including Beijing, Shanghai and
other first line airports. The Board of Directors will make the final decision.
Section 5 - Party A's Warranties
1. Party A warrants that all new shares are issued under the rules and
regulations of the US Securities and Exchange Commission and the
NASD.
2. Party A warrants that it is a legal entity under US law.
3. Party A warrants to pay all transfer agent fees related to this
transaction.
Section 6 - Party B's Warranties
1. Party B warrants that the Shenzhen Baoan International Airport
Rolling Advertising Signs Contract is a valid contract. Initial term
10 years with a right to renew.
2. Party B warrants that it will assign the agreement to Party A based
on China and other applicable laws. If for some irresolvable reasons
that this can not be accomplished, then Party B shall execute a
trust agreement, legally assign all benefits generated under the
Shenzhen Baoan International Airport Rolling Advertising Signs
Contract to Party A.
Section 7 - Effective Signatories
All signatories of this Agreement warrants that he has the authority to
represent and sign this Agreement. This Agreement is effective immediately and
is not affected by personnel changes. This Agreement has six copies, Party A and
Party B holding three copies each.
Section 8 - Future Documents
Parties A and B agrees to sign and execute all necessary documents in the future
to complete this agreement.
Party A:
CHINA MEDIA1 CORP.
______________________________ Date: 01/ /2006
Legal Representative
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇
Party B:
GUANGZHOU TITAN MEDIA CO. LTD.
______________________________ Date: 01/ /2006
Legal Representative
▇▇▇▇ ▇▇▇▇▇, GENERAL MANAGER