exhibit 2. 1 dated the 26th day of november, 2006 guiding media advertising limited and ncn media services limited and wilson hao and kevin liu agreement for business co - operation with an option dated the 26th day of november, 2006 guiding media advertising limited guiding media advertising limited and and ncn media services limited ncn media services limited and and wilson hao and kevin liu wilson hao and kevin liu agreement for business co - operation with an option agreement for business co - operation with an option this agreement is made on this 26th day of november 2006 between : 1 ) guiding media advertising limited ( “ guiding media ” ), a company incorporated in the people ’ s republic of china, of the first part ; 2 ) ncn media services limited ( “ ncn ” ), a company incorporated in the british virgin islands, of the second part ; and 3 ) wilson hao and kevin liu, each being a 50 % shareholder of guiding media ( hereinafter collectively referred to as “ shareholders ” ) jointly and severally of the third part. whereas : - a. by virtue of an agreement dated september 14, 2006 made between guiding media of the one part and shanghai yukang advertising company limited ( “ yukang ” ) of the other part ( “ licence agreement ” ), guiding media has acquired for a term of 20 years the contractual right to design, build and operate 120 led panels ( “ led panels ” ) at outdoor locations in the changning district of shanghai, china and to operate the same as a business project ( “ project ” ). guiding media is entitled to retain all the business proceeds arising from the commercial applications of such led panels after the payment of relevant taxes and certain costs and expenses under the terms of the licence agreement. english translations of the licence agreement and a letter written by yukang with regard to the project are respectively set out in parts 1 and 2 of the schedule to this agreement. b. under the licence agreement, guiding media is required to provide all financial and other resources and expertise necessary for the building, maintenance and operation of the led panels and also to market the airtime in the operation of such led panels for the maximization of business return. c. ncn is interested in the participation and investment in business ventures such as the project and also is in the position to provide the relevant funding for the financing of the project on the part of guiding media. d. guiding media has proposed to ncn a plan for business co -