Attached files
file | filename |
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10-K - FORM 10-K, DECEMBER 31, 2015 - CREDIT ONE FINANCIAL INC | cofi15ye10k.htm |
EX-10 - EX 10.9 - CREDIT ONE FINANCIAL INC | exhibit109.htm |
EX-10 - EX 10.10 - CREDIT ONE FINANCIAL INC | exhibit1010.htm |
EX-31 - EX 31 - CREDIT ONE FINANCIAL INC | exhibit31.htm |
EX-32 - EX 32 - CREDIT ONE FINANCIAL INC | exhibit32.htm |
AMENDMENT
To
EXCLUSIVE ADVERTISING AGREEMENT
This Amendment to Exclusive Advertising Agreement (this Amendment) is made and entered into this 13th day of June 2014 (the effective Date) by and between Macau Lotus Satellite TV Media Limited (hereinafter referred to as the Lotus TV), and CEM International Limited (hereinafter referred to as CEM), each a Party, collectively Parties.
WHEREAS, the Parties hereto entered into certain Exclusive Advertising Agreement (the Advertising Agreement) dated August 26, 2010, which is incorporated by reference and made a part hereof. All capitalized terms therein, unless otherwise defined, shall have the same meaning; and
WHEREAS, the Parties desire to amend Section 3.1of the Advertising Agreement;
NOW, THEREFORE, in consideration of the foregoing and of the mutual promises and covenants, the Parties agree as follows:
1.
Section 3.1 of the Exclusive Advertising Agreement shall be amended to read as follows:
In consideration of Lotus TVs grant of the exclusive advertising agency rights, CEM shall extend, interest free, a credit facility consisting of a series of loans (each a Loan) totaling a minimum of US$15,000,000 (fifteen million US dollars) over a period of ten (10) years.
2.
The remainder of the Exclusive Advertising Agreement shall remain the same and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment by their duly authorized respective officers, as of the Effective Date.
Macau Lotus Satellite TV Media Limited CEM International Limited
By: Li Zisong
By: Dicky Cheung