Re: Tax Payables

Exhibit 10.21

Column A

Column B

Column C

Re: Tax Payables

Dear Column D:

In connection with that certain Loan Agreement, Equity Pledge Agreement and Exclusive Business Cooperation Agreement entered into among Column B, Shanghai Mecox Lane Information Technology Co., Ltd. (“ML Information Technology”) and Xxx Xxxx Xxxxxxx (Shanghai) Co., Ltd. on the date hereof (the “Agreements”), ML Information Technology will reimburse Column B for any and all taxes payable by Column B arising from the transactions contemplated under the Agreements.

Sincerely,

Shanghai Mecox Lane Information Technology Co., Ltd.

[seal: Shanghai Mecox Lane Information Technology Co., Ltd.]

AGREED TO AND ACCEPTED BY:

/s/ Column B

(Signature of Column B)

By: Column B

Column A

Column B

Column C

Column D

Column E

Column F

1

Feb ___, 2008

Xx Xx

Room 000, Xx. 0, Xxxx 000, Xxxxx Xxxxx Xxxx Xxxx (0xx), Xxxxxxxx, Xxxxx

Xx. Xx

ML Information Technology

Xxx Xxxx Xxxxxxx (Shanghai) Co., Ltd.

2

Jan 15th, 2010

Xxxxx Xxxx

Room 1408, Xx. 00, Xxxx Xxx Xxxx, Xxx Xxx Xxxxxxxx, Xxxxxxxxx, Xxxxx

Xx. Xxxxx

ML Information Technology

Xxx Xxxx Xxxxxxx (Shanghai) Co., Ltd.

3

July 20, 2010

Pu Sijie

Xx. 000, Xxxx 000, Xxxxxx Xxxx, Xxxxxxxx, Xxxxx

Mr. Xx