EXHIBIT 10.21
[LETTERHEAD]
China Wireless Communications, Inc.
May 18, 2006
Xx. Xxxx Xxxx (Xxxxx) Li
President
Tianjin Create IT Company Ltd.
0000 Xxxx Xxxxxxxx X
XXXXXXXX Xxxx, Xxxxxxx
Subject: Cooperation Agreement (CWLC and Create Co.)
Dear Xx. Xxxx Xxxx (Xxxxx) Xx:
We would like to make the following proposal to you regarding acquiring 51% of
Create Co. It is our objective to have our two companies become a unified team
and to assist Create Co. to become a premier systems integrator and information
technology company in China.
China Wireless will acquire and own 51% of Create Co. for total assets of
$126,766.72 (i.e.1,014,133 RMB). China Wireless has paid Create Co. founders
$13,460.00USD (i.e. 107,680RMB), in stock, and $8,000.00USD in cash, as of this
date for a total payment of $21,460.00USD (i.e. 171,680 RMB). China Wireless
agrees to pay the founders of Create Co. the balance ($105,306.72USD) no later
than August 31, 2006. The effective date of this agreement will be May 18, 2006.
As China Wireless must report this transaction to the United States Securities
and Exchange Commission, you agree to provide any documentation necessary to
reflect and confirm this transaction.
Sincere Regards,
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Xxxxx X. Xxxxxxx XXX (Xxxx) Xxxxxxx Xxxxxx
President & CEO COO
The above terms are agreeable and approved by Tianjin Create IT Company Ltd.
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Xx.Xxxx Xxxx (Xxxxx) Li Date
Cc: Xxxxx Xxx
Xxx Xxxxxxxxx
0000 Xxxx Xxxxxxxxx, Xxxxx 000, Xxxxxx, Xxxxxxxx 00000-0000,
Office 000.000.0000, Fax 000.000.0000
