{"id":42440,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/letter-of-intent-for-development-of-hunan-province-catv-network.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"letter-of-intent-for-development-of-hunan-province-catv-network","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/letter-of-intent-for-development-of-hunan-province-catv-network.html","title":{"rendered":"Letter of Intent for Development of Hunan Province CATV Network Business &#8211; Hunan Provincial Broadcast and Television Media Co. Ltd. and Big Sky Network Canada Ltd."},"content":{"rendered":"<pre>                         TRANSLATION OF LETTER OF INTENT\n\n             FOR DEVELOPMENT OF HUNAN PROVINCE CATV NETWORK BUSINESS\n\nHunan Provincial  Broadcast and Television  Media Co. Ltd.  (hereinafter \" Party\nA\"), is developing and investing the construction and development of HFC network\nwithin the cities and countries in the territory of Hunan Province.\n\nBig Sky Network Canada Ltd. (hereinafter \"Party B\"), a company with the business\nof IT project investment with office in Calgary, Alberta, Canada and register in\nBritish  Virgin  Island,  is willing to cooperate with Party A in developing new\nbusiness on the Hunan  Provincial cable TV network  (hereinafter  HPCATV) in the\nterritory of Hunan Province. After exchange of information by both parties, both\nmutually agree there will be a good  opportunity for cooperation and a potential\nmarket for the business on the HPCATV network.\n\nNOW,  THEREFORE,  Party  A and  Party  B  have  reached  an  agreement  for  the\ncooperation intent and planned work schedule as follows:\n\n         1. Party A and Party B hereby agree that jointly  developing  broadband\n            high speed  internet  connection,  broadband data  transferring  and\n            network  value added  service  through  HPCATV which  control  three\n            million  cable TV  subscribers  by Party A. Party B will provide all\n            investment  funds and technology  required by the project to develop\n            business on the HPCATV network  (these funds and  technology  mainly\n            are for the head end room  equipment,  two way upgrade from Notes to\n            end-user  and the  equipment  for  end-user)  . Now Party A owns and\n            controls  HFC network and related  hardware  and soft ware  platform\n            which will be used the broadband service in the future. Party A will\n            deliver  the  exclusive  operation  \n\n\n\n\n                                       1\n\n\n\n\n\n\n            right  of  its  current  network   facility  and  equipment  as  its\n            contribution to JV.\n\n         2. Party B will not share  any  current  interest  owned by Party A. JV\n            project will not related with current business of television and the\n            income from television program.\n\n         3. The name of JV will be determined by both parties. Both parties will\n            discuss  total  investment,   registration  capital,  and  ratio  of\n            distribution  of net  profit.  Both  parties  agree that the term of\n            contract  will be twenty  years  that will be  claimed  in the final\n            contract.\n\n         4. Both parties agree that official business negotiation will be called\n            in city of Chungsha in next one month.\n\n         5. This agreement is written both in the Chinese and English languages.\n            Two copies of both versions shall be  respectively  provided to both\n            parties.\n\n         6. This agreement,  which may be executed in counterparts,  is executed\n            as of the date below written by duly authorized  representatives  of\n            Party A and Party B.\n\n\nParty A: HUNAN PROVINCIAL TELEVISION                 PARTY B: BIG SKY NETWORK\nTELEVISION AND BROADCAST MEDIA CO. LTD.                    CANADA LTD.\n\n\nBy:      \/s\/ ZHENG DE                                By:\/s\/ DONGHE XUE\n         ------------                                   ------------------\nName: Zheng De                                       Name: Donghe Xue\nTitle:                                               Title: Vice President\n\nDate:  November 8, 2000                              Date: November 8, 2000\n\n\n\n\n                                       2\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7079],"corporate_contracts_industries":[9517],"corporate_contracts_types":[9613,9617],"class_list":["post-42440","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-china-broadband-corp","corporate_contracts_industries-telecommunications__other","corporate_contracts_types-operations","corporate_contracts_types-operations__jv"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42440"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42440"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42440"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}