Agreement on Payment of Charges for the obtaining of Approval for Construction

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NETWORK CN INC | Shanghai Quo Advertising Company Limited

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Title: Agreement on Payment of Charges for the obtaining of Approval for Construction
Date: 2/13/2007
Industry: Advertising

Agreement on Payment of Charges for the obtaining of Approval for Construction, Parties: network cn inc , shanghai quo advertising company limited

EXHIBIT 10.2

(English Translation of an Agreement originally drafted in Mandarin Chinese)

Agreement on Payment of Charges for the obtaining of Approval for Construction

Party A

Shanghai Quo Advertising Company Limited (CHINESE OMITTED)

Party B

: Shanghai Zhong Ying Communication Engineering Company Limited
(CHINESE OMITTED)

1.	Definition of Charges

In this Agreement, “Charges” means the approval fees payable in order to obtain the approval of the project for the construction of full coloured LED panels project at Huangpu District of the City of Shanghai (“Project”).

2.	The Amount of Charges

The aggregate amount of the Charges shall be RMB300,000.00 only, inclusive of all relevant taxes.

3.	Method of Payment

(a)

Party A agrees and undertakes that it will pay the sum of RMB300,000.00 to Party B within 7 working days after the signing of the Business Joint Venture Agreement between Shanghai Zhong Ying Communication Engineering Company Limited(CHINESE OMITTED) and Shanghai Quo Advertising Company Limited (CHINESE OMITTED) for the Project for the construction of full coloured LED panels at Hu

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