exhibit 10. 2 equity sales contract this contract ( “ contract ” ) is entered by and between : assignor : address : legal representative : type of business : registered capital : equity sales agent : phone : assignees : chen gang wang qingmei xu hong li huagang zhu xiaoqing equity sales agent : phone : witnesseth : whereas, cortelco shanghai information technology co. ltd. ( “ cortelco shanghai ” ) was established in 1993 with registered capital of usd 2, 100. 000, of which usd 963, 000 was invested by shanghai fortune telecommunication technology development co. ltd., and usd 1, 137, 000 was invested by cortelco china corporation ( “ cortelco china ” ) ; whereas, the appraised assets of cortelco shanghai at july 31, 2005 was rmb 76, 114, 423. 59, appraised liabilities of cortelco shanghai at july 31, 2005 was rmb 55, 413, 912. 16, and the appraised net assets of cortelco shanghai at july 31, 2005 was rmb 20, 700, 511. 43 ; whereas, each person sign below has been legally authorized by each party ; now, therefore, the parties agree as follows : 15. object cortelco china shall sell its 20 % interests in cortelco shanghai to liu yuan, chen gang, li huagang, wang qingmei, xu hong, zhu xiaoqing ( “ cortelco shanghai management ” ) in the amount and price equal to the number stated in the following table : recipient of shares % of shares price in rmb liu yuan 17. 5 % 3, 622, 592. 00 chen gang 0. 5 % 103, 502. 00 li huagang 0. 5 % 103, 502. 00 wang qingmei 0. 5 % 103, 502. 00 xu hong 0. 5 % 103, 502. 00 zhu xiaoqing 0. 5 % 103, 502. 00 recipient of shares liu yuan chen gang li huagang wang qingmei xu hong zhu xiaoqing 16. pricing cortelco china shall transfer its 20 % interests in cortelco shanghai to cortelco shanghai management at rmb 4, 140, 102. 00. 17. after cortelco shanghai interests are appraised by an appraisal firm, the share transfer shall be filed at shanghai equity exchange. the interests shall be transferred in accordance with the