Letter of Intent for Development of Dalian Metropolitan Area Broadband Network Business - Dalian Metropolitan Area Network Center and Big Sky Network Canada Ltd.
THE LETTER OF INTENT
FOR DEVELOPMENT OF DALIAN METROPOLITAN AREA
BROADBAND NETWORK BUSINESS
Dalian Metropolitan Area Network center (hereinafter " Party A"), a company
registered in City of Dalian, the People's Republic of China, now is developing
an integrated broadband information network in the territory of city.
Big Sky Network Canada Ltd. (hereinafter " Party B"), a company, registered in
British Virgin Island and headquartered in Calgary, Canada, with the business in
broadband cable TV network investment, development and construction, is willing
to cooperate with Party A in developing Internet related business, data
transmission business and other value-added network services on the broadband
network in Dalian. After exchange of information by both parties, both mutually
agree there will be a good opportunity for cooperation and a potential market
for the business on the Dalian Metropolitan Broadband Network (DMBN).
NOW, THEREFORE, Party A and Party B have reached an agreement for the
cooperation intent and planned work schedule for next three (3) months as
1. Party A and Party B hereby agree that both Parties will jointly
develop Internet related business, broadband data transmission
business and value-added network services on the network. Party B
will provide all investment funds, equipment and technology
required by the project to develop business on DMBN. Party A will
offer the use right of its DMBN network to participate the
2. The cooperative joint venture will be established in City of
Dalian. Name of this Joint Venture will be determined in the timing
to be coming. The investment amount, registered capital, and
of profits to both parties shall be negotiated and confirmed by
both parties in the final contract. The project period shall get
into effect upon the commencement date of the planned business and
continue for a period of twenty (20) years.
3. Both Parties will set a joint feasibility research team discuss and
arrange all related contents of cooperation for development of
broadband cable TV network. Both parties will discuss working
4. Each party will be responsible for its own expenses incurred during
the period of preparation of joint venture.
5. This agreement is written both in the Chinese and English
languages. Two (2) copies of both versions shall be respectively
provided to both parties. This agreement, which may be executed in
counterparts, is executed as of the date below written by duly
authorized representatives of Party A and Party B.
Party A: Party B:
Dalian Metropolitan Area Big Sky Network Canada, Ltd.
By: /s/ PING CHEN By: /s/ DAMING YANG
Name: Ping Chen Name: Daming Yang
Title: General Manager Title: President
Date: March 1, 2000 Date: March 1, 2000
[SEAL APPEARS HERE]