AGREEMENT FOR NOMINEE SHAREHOLDING (Translation from Document Originally Executed and Delivered in Mandarin, Chinese)Agreement for Nominee Shareholding • March 30th, 2007 • Network Cn Inc • Blank checks
WHEREAS Party A and Party B have signed an Stock Transfer Agreement on 16th June, 2006 and Party B being the transferee under such agreement is now holding a 55% shareholding in Guangdong Tianma International Travel Service Company Limited (hereinafter called “Corporation” ) and in view of the fact that at present a corporate body incorporated in Hong Kong is not allowed to be registered as a shareholder of a company in Mainland China which is engaged in the outbound travel service business therefore after some negotiation Parties A & B have reached agreement on nominee shareholding as follows:-
AGREEMENT FOR NOMINEE SHAREHOLDING (Translation from Document Originally Executed and Delivered in Mandarin, Chinese)Agreement for Nominee Shareholding • March 30th, 2007 • Network Cn Inc • Blank checks
WHEREAS Party A and Party B have signed an Stock Transfer Agreement on 24th January, 2007 and Party B being the transferee under such agreement is now holding a 10% shareholding in Shanghai Quo Advertising Company Limited (hereinafter called “Corporation” ) and in view of the fact that at present a corporate body incorporated in Hong Kong is not allowed to be registered as a shareholder of a company in Mainland China which is engaged in the advertising business therefore after some negotiation Parties A & B have reached agreement on nominee shareholding as follows:-
AGREEMENT FOR NOMINEE SHAREHOLDING (Translation from Document Originally Executed and Delivered in Mandarin, Chinese)Agreement for Nominee Shareholding • March 30th, 2007 • Network Cn Inc • Blank checks
WHEREAS Party A and Party B have signed an Stock Transfer Agreement on 24th January, 2007 and Party B being the transferee under such agreement is now holding a 90% shareholding in Shanghai Quo Advertising Company Limited (hereinafter called “Corporation” ) and in view of the fact that at present a corporate body incorporated in Hong Kong is not allowed to be registered as a shareholder of a company in Mainland China which is engaged in the advertising business therefore after some negotiation Parties A & B have reached agreement on nominee shareholding as follows:-
