<PAGE>   1
                                                                   EXHIBIT 10.18


                                LICENSE AGREEMENT

ENTERED INTO IN VANCOUVER, BRITISH COLUMBIA, this 3RD day of MARCH, 2001

BETWEEN:       PHON-NET.COM, INC., a Florida corporation duly constituted under
               the laws of Florida, having its head office or principal place of
               business at 600-750 W. Pender St., Vancouver, BC, V6C 2T7
               (hereinafter referred to as the "LICENSOR")

AND:           CHINABUSINESSCHAIN GROUP, LLC., a corporation duly constituted
               under the laws of California, having its head office or principal
               place of business at 317 W. Main Street, Suite #205, Alhambra,
               CA, 91801 (hereinafter referred to as the "LICENSEE")


                                    PREAMBLE

WHEREAS the Licensor has created and is the owner of the "PHON-NET Direct
Connect" software (the "Software") that enables a detailed description of the
Software's functionalities and specifications being attached to this License
Agreement (the "Agreement") and identified as Schedule A;

WHEREAS Licensee intends to use the Software in conjunction with Licensee's
other ventures and new ventures to distribute Software;

WHEREAS the Licensor agrees to license the Licensee with the Software, subject
to the terms and conditions of this Agreement;

NOW, THEREFORE, in consideration of the aforementioned premises and the mutual
covenants hereinafter set forth, the Preamble forming integral part of this
Agreement, the parties agree as follows:

                                    SECTION 1
                                   DEFINITIONS

1.1.     For the purposes of the Agreement, unless otherwise expressly provided,
         the following terms shall have the meaning set forth below:

    "Effective Date"        means the date referred to at the beginning of the
                            present Agreement;

    "License Fee"           means the costs charged to the Licensee as described
                            in section 3 and Schedule B hereof;




<PAGE>   2
                                     - 2 -


    "Licensed Know-How"     means and includes any and all technical
                            information, processes, uses, compositions, detailed
                            design information and any and all modifications,
                            improvements and developments thereof owned by the
                            Licensor and necessary for the use of the Software;

    "Licensee's             Core Business" means Licensee's business of allowing
                            manufacturers, retailers, product and service
                            marketers and packaged goods companies to distribute
                            PHON-NET Direct Connect to connect consumers to
                            retailers by telephone while viewing the retailer's
                            web page;

    "Territory"             means China, Taiwan and Hong Kong exclusively;

    "User Database"         means the database comprising of all information
                            generated through the use of the Software pursuant
                            to this Agreement, during the term of this Agreement
                            and any renewal periods thereafter; and


                                    SECTION 2
                  LICENSE AND RIGHTS PERTAINING TO THE SOFTWARE

2.1.     The Licensor represents and warrants that it has the rights to use and
         license the Software, that the present license is granted to the
         Licensee pursuant to and in respect of those foregoing rights and that
         the Licensor has full power and authority to enter into and perform
         this Agreement.

2.2.     Subject to the terms and conditions of the present Agreement, the
         Licensor grants to the Licensee during the term of this Agreement, the
         exclusive right to use, market and sublicense the Software in the
         Territory.

                                    SECTION 3
                                   LICENSE FEE

3.1.     For the duration of this Agreement and any renewal periods thereafter,
         the Licensee shall pay to the Licensor, in US funds, on a quarterly
         basis for licenses sold in the quarter, the License Fee, the amount and
         particulars of which are further detailed in Schedule B annexed hereto
         and forming part of this Agreement.

                                    SECTION 4
                              TERM AND TERMINATION

4.1.     Unless otherwise terminated and subject to subsection 4.2 hereof, this
         Agreement shall end twenty-four (24) months from the date of execution
         of this Agreement.

4.2.     The Licensee may, in its sole discretion, renew the term of this
         Agreement for an additional twenty-four (24) month period from the
         expiry of the term provided for at subsection 4.1 hereof or any lesser
         or greater term as may be agreed to by the parties, by providing at
         least thirty

<PAGE>   3
                                     - 3 -


         (30) days written notice to the Licensor prior to the expiry of the
         term provided for at subsection 4.1 hereof and provided that such
         minimum number of units as may be agreed to by Licensor and the
         Licensee prior to expiry of the initial 24 month term of this Agreement
         (the "Initial Term") have been purchased by the Licensee during the
         Initial Term. In the event the parties have not agreed on such number
         of minimum units prior to expiry of the Initial Terms, the Licensee and
         Licensor shall appoint an agreed upon arbitrator to determine the
         number.

4.3.     The Licensor or the Licensee may terminate this Agreement at any time,
         after written notice, for breach or default by the other party, unless
         the other party has remedied such breach or default to the satisfaction
         of the party complaining, within thirty (30) days after receipt by the
         breaching party of said written notice of such default. A waiver by a
         party of its right to terminate this Agreement due to any particular
         breach or default shall be construed as a continuing waiver. In the
         event where the Licensor has breached the exclusivity granted to the
         Licensee under subsection 2.2 hereof, the Licensee, after having
         provided a written notice to the Licensor detailing the breach and
         providing a reasonable period to cure such breach, shall be relieved
         from paying the License Fee, until such a time where the Licensor has
         provided to the Licensee assurances and evidence that such breach has
         been cured.

4.4.     This Agreement shall be terminated as of right, without notice or
         formality if (a) either party proceeds to a liquidation of its assets;
         (b) either party hereto makes an assignment of all its property for the
         general benefit of its creditors, or if a bankruptcy petition is filed
         against it and a final judgment is rendered pronouncing its bankruptcy;
         (c) if a receiver, trustee, liquidator or any person possessing similar
         powers is appointed to administer or liquidate either party's assets.

4.5.     No termination of this Agreement shall prejudice the Licensor's rights
         hereunder to the License Fee provided for in subsection 3.1 and to the
         User Database provided for in section 7, in respect of sales or
         licensing agreements which have been concluded prior to the termination
         of this Agreement but for which an invoice has not been issued or
         payment has not been received, as the case may be.

                                    SECTION 5
                                 CONFIDENTIALITY

5.1.     The Licensor and the Licensee agree to treat as confidential any
         information disclosed to the other as it relates to the system use and
         marketing of the Software both during and after the duration of this
         Agreement. The Licensor and the Licensee shall use reasonable care,
         consistent with the measures taken to safeguard each of their own
         confidential information, to ensure that, each of their directors,
         officers, employees, agents, representatives and customers to whom
         confidential information needs to be disclosed to allow full execution
         of this Agreement, shall keep all such information confidential.

5.2.     Additionally and notwithstanding the standard of confidentiality
         provided for in subsection 5.1


<PAGE>   4
                                     - 4 -


         hereof, the Licensee's actual and future business strategy as it
         relates to the Software shall be treated as confidential information by
         the Licensor.

                                   SECTION 6
                     OTHER OBLIGATIONS AND REPRESENTATIONS

6.1.     Nothing in this Agreement shall be construed as:

         (a)      granting any license or rights to the Licensee other than
                  those rights granted hereby with respect to the Software; or

         (b)      creating a partnership or employer/employee relationship, but
                  the relationship between the parties is acknowledged and
                  agreed to be that of arm's length independent contractors
                  contracting with each other.

6.2.     The Licensor warrants that within the Territory, the Software is not
         infringing on any existing copyrights, patents or trade-marks owned by
         third parties; if any claim is made against the Licensee or a sub
         licensee concerning a possible infringement on existing similar
         software, the Licensor agrees to forthwith indemnify and save the
         Licensee harmless of and from any consequences that may reasonably flow
         therefrom in the form of any actions or proceedings taken by third
         parties or others effected as a result thereof. Without limiting the
         generality of the above, the Licensor hereby expressly agrees to assume
         liability for, and to indemnify, protect, and hold harmless the
         Licensee and its agents, employees, and sub licensees against any and
         all losses, damages (including punitive, special and consequential
         damages), liabilities, expenses, costs (including reasonable attorneys'
         fees), penalties and obligations, loss of expected revenues, arising
         out of or incurred in connection with any reasonable claim, demand,
         action, suit or proceeding of any kind by any third party in any way
         relating to the Software. For the duration of this agreement, Licensor
         shall maintain an insurance coverage of at least $1,000,000 to cover
         for third party claims of any nature including copyright infringement,
         and will name Licensee as a co-insured.

6.3.     The Licensor warrants that the Software shall be free from defects in
         material and workmanship, and shall conform to the specifications and
         functionalities set forth in Schedule A hereof. Furthermore, the
         Licensor warrants that the Software shall conform to any other
         specifications, drawing, samples or instructions given at any time and
         from time to time by the Licensee, provided that conformity, as defined
         with consideration to accepted industry standards, is achievable and
         provided the Licensor is afforded the time necessary to complete the
         required work. The Licensor shall compensate the Licensee forthwith of
         any loss of expected revenues stemming from the inability of the
         Software to perform up to the specifications described in Schedule A
         hereof and those required from time to time by the Licensee.

6.4.     During the term of this Agreement and any renewal periods thereafter,
         the Licensor will provide


<PAGE>   5
                                     - 5 -


         to the Licensee, free of charge, any new updates of the Software as
         well as any improvements made to the Software as soon as those updates
         and improvements are completed and in any event no later than two
         business days from their commercial release, or other official release
         within any stage of the development process. As well, the Licensor will
         provide the Licensee with the required level of support and training.

6.5.     During the term of this Agreement and any renewal periods thereafter,
         the Licensee will be responsible for data entry, sales materials,
         implementation, monitoring and maintaining a sales plan/program for the
         Software, designing, building and managing a web site through which the
         Software may be accessed via the Internet.

                                    SECTION 7
                           RIGHTS TO THE USER DATABASE

7.1.     The parties to this Agreement agree that the User Database and all
         copyright and other intellectual and proprietary rights therein are and
         will remain, through the duration of this Agreement and after its
         expiry, the property of the Licensor.

7.2      Upon execution and during the term of this License Agreement, the
         Licensor shall deposit, at its own costs, the most current version of
         the source code and any supporting documentation in paper or other
         suitable fixed form developed for the software (the "Materials") with a
         trust company. In addition, the Licensor shall provide the trust
         company from time to time improvements, modifications, updates or
         changes to the Materials. In the event of a default such as bankruptcy,
         insolvency or breach by Licensor, Licensor agrees to guarantee Licensee
         full and complete access to Software server for the full term of the
         contract and any renewal periods of the contract. Licensee will always
         be able to use to their fullest capacity the Software in the listed
         territory for the duration of the contract. The Trust Company will have
         access to the Materials to ensure 100% term use.


                                    SECTION 8
                           REPRESENTATION AND CONTACT

8.1      Both the Licensee and the Licensor will designate a contact person
         responsible for regular reviews of data and projections between the
         Licensor and the Licensee in order for both parties to adequately
         perform their respective obligations.

                                    SECTION 9
                               GENERAL PROVISIONS

9.1.     Any notices or requests which the parties may be required to give
         pursuant to this Agreement shall




<PAGE>   6
                                     - 6 -



         be sent by fax or by registered mail, postage prepaid, to the addresses
         set out below:

         If to the Licensor, at:
         ----------------------

         Phon-Net.com, Inc.
         600-750 W.Pender St.
         Vancouver, BC
         V6C 2T7

         Attention:       Brian Collins
                          President and CEO
         Telephone:       (604) 437-3787
         Fax:             (604) 437-3070

         If to the Licensee, at:
         ----------------------

         ChinaBusinessChain, Group, LLC.
         317 W. Main Street, Suite #205
         Alhambra, CA
         91801
         Attention:       John Shen Lin

         Telephone:       (626) 308-3898
         Fax:             (626) 308-7818

         and shall be deemed to have been received three (3) days after the date
         of mailing or fax.

9.2.     This Agreement sets forth the entire agreement and understanding
         between the parties as to the subject matter hereof and neither of the
         parties shall be bound by any conditions, definitions, warranties or
         representation with respect to the subject matter hereof, other than as
         expressly provided in this Agreement.

9.3.     This Agreement shall be governed by and interpreted in accordance with
         the laws of Florida, U.S.A. applicable therein.

9.4.     In the event that any section or subsection is held to be invalid or
         unenforceable or inapplicable by a court of competent jurisdiction,
         such invalidity or unenforceability shall not affect the remainder of
         the provisions hereof, but such part shall be fully severable, and this
         Agreement shall be construed and enforced as if such invalid or
         unenforceable or inapplicable part had never been inserted herein and
         the parties do hereby agree that they would have signed this Agreement
         without such invalid or unenforceable part included herein.

9.5.     This Agreement will be binding upon the respective parties hereto, and
         their assignees, provided that neither party shall assign this
         Agreement or any rights herein without the other party's written



<PAGE>   7
                                     - 7 -



         consent. It is understood however that Licensee shall have the right to
         assign this Agreement to one of its affiliates upon written notice to
         Licensor.

9.6.     The obligations in section 5 and in subsections 6.2 and 6.3 shall
         survive the termination of this Agreement.


IN WITNESS WHEREOF the parties have caused this Agreement to be executed by
their respective officers duly authorized, as of the date first mentioned in
this Agreement.

(Licensor)                          PHON-NET.COM, INC.

                                    Per: /s/ Brian Collins
                                         ---------------------------------------
                                         Name:  Brian Collins
                                         Title: President and CEO


(Licensee)                          CHINABUSINESSCHAIN GROUP, LLC.
                                    Authorized Signatures:

                                    Per: /s/ John Shen Lin
                                         ---------------------------------------
                                         Name:  John Shen Lin
                                         Title: Vice President Operation China


                                    Per:
                                         ---------------------------------------
                                          Name:  Vu Le
                                          Title: President & CEO




<PAGE>   8
                                     - 8 -


                                   SCHEDULE A

                         SPECIFICATIONS OF THE SOFTWARE

The DIRECT CONNECT software, developed by PHON-NET.COM and is designed to:

1)       Allows CONSUMERS, using a single line phone/modem connection to the
         Internet, to utilize the features of the DIRECT CONNECT software.

2)       Allows BUSINESSES, using a DIRECT CONNECT license (one-year term), to
         set up DIRECT CONNECT icons on their business web pages, allowing
         consumers to utilize the features of the DIRECT CONNECT software.

CONSUMERS FEATURES AND BENEFITS INCLUDE:

- DIRECT CONNECT software is free to all consumers.

- DIRECT CONNECT software installs the first time the icon is used.

- DIRECT CONNECT software will automatically upgrade to the newest version when
clicked any time after the initial installation.

- DIRECT CONNECT features a direct (voice) connection, allowing consumers to
connect to businesses from the Internet by placing a regular phone call with
their single line phone/modem connection while viewing the business' web page.
Specifically:

                  Controls modem/phone connection.

                  b)       Auto dials the business.

                  c)       Alerts you to pick up the phone.

                  d)       Allows the consumer to view the web page and talk to
                           business simultaneously.

                  e)       When finished, the consumer hangs up and clicks the
                           "DONE" button.

                  f)       The Internet link is re-established.

                  g)       The Consumer can now talk to businesses without
                           logging on or off the Internet.



<PAGE>   9
                                     - 9 -




- DIRECT CONNECT also features an email option for consumers to receive an email
of the business' specials, promotions, coupons, and/or information from a
business by using the e-commerce (email) button. The consumer is able to enter
any email address to receive the e-commerce email from the business. Consumers
will have free technical support (during designated business hours)

- DIRECT CONNECT also features a CallMe option for consumers using alternative
methods of connection to the Internet which do not utilize the only available
telephone line. Businesses are sent a voice message containing the number
entered by the consumer trying to contact them. The business is then prompted to
choose one of three pre-recorded responses that can be sent back to the
consumer and viewed on their computer screen. Available in North America.
Consumers will have free technical support (during designated business hours)

DOWNLOAD SPEED COMPARISONS

Current Size of Direct Connect: 348 KB

<TABLE>
<CAPTION>

Modem             Maximum Rate              Approximate Time to Download in Minutes and Seconds (Mm:ss)
Rating            of Download *
                                            Actual Size      Download Size **
<C>               <C>                         <C>                <C>
56,600 **         6.5 KB/second               00:54              01:24

33,600            4.2 KB/second               01:24              02:06

28,800            3.6 KB/second               01:36              02:30

</TABLE>

BUSINESS FEATURES AND BENEFITS INCLUDE:

The business will receive a one-year license for each DIRECT CONNECT account.

Unlimited use of each DIRECT CONNECT account on business web pages.

Easy to set up by a virtual on-line program.

24 hr. a day, 7 days a week access to each DIRECT CONNECT account with
   complete control over account information and features.

Illustrated printable instruction manual.

Technical support (In English only, during designated business hours - 7 days a
   week, 8am-5pm PST - in North America. Phon-Net.com will train technical
   support staff in the locale of the Licensor.)

Each account will include the features of:

A direct (voice) connection to any telephone number used by the business.




<PAGE>   10
                                     - 10 -



Email specials of unlimited length can be composed in standard ASCII characters
      by the business for consumers to request and receive.

The CallMe feature, which sends a pre-recorded message to businesses at the
       request of a consumer to be called by that business.

DIRECT CONNECT is designed to work with a consumer's existing hardware. No
guarantee of service is offered if the consumer has no data modem with a regular
touch tone phone, or if single phone line is shared with a fax and/or custom fax
software, or if Internet connection is by ISDN, ADSL and/or cable modem, or if
computer is part of a LAN (Local Area Network) or WAN (Wide Area Network), or
any other hardware/software not identified as common for consumers. If a
consumer does not meet the pre-requisites needed to utilize the Direct Connect
software, the Direct Connect software, upon installation and not finding a
modem, will assume the consumer has a phone line available, and will display a
message stating that the CallMe feature is the only viable voice connection
feature available to that particular user at that time.

INTERFACE AND INSTRUCTIONS for the Direct Connect software will be modified
jointly by both parties for clarity and understanding from the consumer's point
of view. Direct Connect will be provided with a custom interface for language
support and product branding within 40 days of this signed agreement.

DIRECT CONNECT software is designed and tested to work with Windows 9x/ME and
NT/2000.

DIRECT CONNECT is designed to work with javascript-enabled Microsoft Internet
Explorer 4.x and 5.x and Netscape Navigator 4.x, as well as AOL 5.0 or higher,
using Windows only.

         ALTHOUGH DIRECT CONNECT MAY WORK WITH UNCOMMON AND/OR CUSTOM
         HARDWARE/SOFTWARE USED BY CONSUMERS, DIRECT CONNECT IS DESIGNED FOR
         STANDARD COMPUTERS, STANDARD DIAL-UP CONNECTIONS, AND A TOUCHTONE PHONE
         (CONNECTED TO THE MODEM AND/OR SAME TELEPHONE NUMBER).


<PAGE>   11
                                     - 11 -



                                   SCHEDULE B

                        PARTICULARS OF THE LICENSING FEE

         Distributors/Sub-distributors selling DIRECT CONNECT licenses to
businesses will have a distributor account with as many as required number of
blank accounts set up to distribute to the businesses. All accounts will be
available to view/control by the Distributors/Sub-distributors on a master
log-on screen.

         PHON-NET.COM reserves the right to access all master log-on screens to
verify accounts purchased/invoiced.

                                 PURCHASE PRICE

Phon-Net.com, Inc., is offering PHON-NET Direct Connect to ChinaBusinessChain
Group, LLC., at a purchase price of $50.00 per annual unit, with a minimum of
5000 units, for a total of $250,000.00, payable in US funds with half payable on
the effective date of the contract and half on delivery of a Chinese language
version of the Software.

         ChinaBusinessChain Group, LLC, will purchase PHON-NET Direct Connect
license units acquired in addition to the initial purchase of 5000 units at a
price of $50.00 per annual unit, payable on a quarterly basis for licenses sold
in the quarter paid within seven (7) days from the close of the quarter.

                                     FURTHER

         Phon-Net.com is also offering ChinaBusinessChain Group, LLC., a warrant
of 250,000 restricted shares at a purchase price of $0.25 per share, which may
be exercised within the twenty-four (24) month period of this agreement only.




<PAGE>   12
                                     - 12 -



                          ADDENDUM TO LICENSE AGREEMENT

ENTERED INTO IN VANCOUVER, BRITISH COLUMBIA, this 30th day of April, 2001

BETWEEN:          PHON-NET.COM, INC., a Florida corporation duly constituted
                  under the laws of Florida, having its head office or principal
                  place of business at 600-750 W. Pender St., Vancouver, BC, V6C
                  2T7 (hereinafter referred to as the "Licensor")

AND:              ChinaBusinessChain Group, LLC, a corporation duly constituted
                  under the laws of California, having its head office or
                  principal place of business at 2601 Main Street, Suite 530,
                  Irvine, CA 92614 (hereinafter referred to as the "Licensee")


                                    SECTION 1
                                    ADDENDUM

1.1 The parties herein agree that the initial payment of $250,000/USD is a one
time licensing and development fee and does not constitute purchase of specific
licenses.

1.2 The distribution of the first 5000 annual licenses is assigned to the
Licensee for initial market penetration or promotion.

1.3 The parties agree to the issuance of one million annual licenses for
distribution efforts in the Territory with payments rendered by Licensee on the
first day of each month for every unit sold in the previous month.

(Licensor)                            PHON-NET.COM, INC.



                                      Per: /s/ Sloan Young
                                           -------------------------------------
                                           Name:  Sloan Young
                                           Title: Vice President of Operations




(Licensee)                            CHINABUSINESSCHAIN GROUP, LLC.
                                      Authorized Signatures:



                                      Per: /s/ John Shen Lin
                                           -------------------------------------
                                           Name:  John Shen Lin
                                           Title: Vice President Operation China



                                      Per: /s/ Vu Le
                                           -------------------------------------
                                           Name:  Vu Le
                                           Title: President and CEO