EXHIBIT 10.2
An Exclusive Agreement
Jan 6, 2004
As of this date, January 6, 2004, Beijing Guo Xin Well-tel Technology Co., Ltd.
Division of The Ministry of Information Industry (hereinafter BXT), The People's
Republic of China and EarthNetMedia, Inc., a fully reporting publicly trading
Nevada, U.S. Corporation (hereinafter ENM), its affiliate, The Emco/Hanover
Group, (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) have reached the following exclusive understanding:
BXT and ENM intend in good faith to enter into an exclusive venture agreement
regarding certain selected Chinese technology companies that are in need of
funding or market outlets in North America.
For each such company ENM will provide the opportunity to be merged into a
publicly traded entity. Where appropriate, ENM will use its best efforts to
provide any financing required. For this effort ENM will receive 51% of such
company at the outset.
BXT shall cooperate with ENM to assist in selecting Chinese Companies and
checking out each company for validity plus assist in its due diligence. BXT
will check with all relevant agencies of the PRC to make sure that each such
company is properly licensed or is in the process of obtaining any license or
permits required to market this technology in the PRC and internationally. In
addition, BXT, an operating division of the Ministry of Information Technology,
will in fact assist in the marketing of these companies throughout the PRC to
assure the business plans will be implemented according to this Agreement. BXT
shall cooperate with ENM in all reasonable ways to assist in obtaining all other
information necessary for ENM to properly analyze and design the needs best
suited to maximize the benefits available to the company in the PRC as well as
internationally.
This agreement shall be the only agreement between the Parties until such time
that it is substituted by a more detailed subsequent agreement. Only changes
made in writing and signed by both parties shall amend this Agreement. The
undersigned parties declare by their signature to this Agreement and are legally
authorized to enter into this Agreement.
Beijing Guo Xin Well-tel Technology Co., Ltd.
Division of the Ministry of Information Industry
People's Republic of China
/s/ Zhu Xinshing Date: 2004.1.16
Zhu Xinshing, Managing Director
EarthNetMedia, Inc.
/s/ ▇▇▇▇ ▇▇▇▇▇ Date: Jan 18th 2004
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