Franklin Towers Enterprises, Inc.
5 Ash Drive
Center Barnstead, New Hampshire 03225

November 26, 2007                        

Zhengzhong Silkworm Industrial Development Co.
No. 8 Taij Road
Fuling District
Chongqing, China

Re: Letter of Intent

Gentlemen:

This Letter of Intent (this “Agreement”) shall set forth our mutual agreement
regarding a transaction (the “Transaction”) whereby Franklin Towers Enterprises,
Inc. or a wholly-owned subsidiary (the “Buyer”) shall acquire certain assets
from Zhengzhong Silkworm Industrial Development Co. (the “Seller”), including
without limitation, fixed assets, real estate holdings, intellectual property
and a long term lease of approximately 15,000 acres of mulberry farms consisting
of over 120,000,000 mulberry trees, in consideration for a purchase price to be
mutually agreed upon after the Buyer has completed its due diligence
investigation of the Seller and its assets. The assets shall be delivered to the
Buyer free and clear of any liens and encumbrances.

The closing of the transactions contemplated by this Agreement is subject to the
completion of the due diligence investigation of both parties, the execution and
delivery of documentation appropriate for the Transaction in form and substance
mutually acceptable to both parties, consents from the respective boards of
directors of both companies and any third parties and the delivery of audited
financial statements of the Seller in conformity with the rules and regulations
of the Securities and Exchange Commission. Subject to the forgoing, it is the
intent of the parties that definitive documentation with respect to the
Transaction be executed and delivered and the Closing occur on such date to be
mutually agreed upon by the parties. The parties shall use their best efforts to
achieve same.

In consideration hereof, the Seller shall not, directly or indirectly, through
any director, officer, member, manager, employee, agent, creditor,
representative or otherwise (and each of said parties shall use reasonable
efforts to insure such persons shall not directly or indirectly) (i) solicit,
initiate or encourage the submission of inquiries, proposals or offers from any
person or entity relating to (x) any business combination with respect to Seller
or the business or assets of Seller; or (y) the sale of any of the assets and/or
securities of Seller (an "Alternative Transaction"), (ii) enter into or
participate in any negotiations, or initiate any discussions or continue any
discussions initiated by others, regarding any Alternative Transaction, or
furnish to any other person or entity any information with respect to the assets
or business of Seller or its business for the purposes of pursuing a possible
Alternative Transaction with any other party, or (iii) otherwise participate in,
assist, facilitate or encourage any effort or attempt by any other person or
entity to do any of the foregoing. Seller shall promptly notify the Buyer of any
proposal or inquiry made to it or any of its directors, officers, members,
managers, creditors, employees, agents, representatives, or otherwise with
respect to any of the foregoing.

--------------------------------------------------------------------------------

Except as required by applicable law, neither party shall disclose nor permit
its officers, representatives, agents or employees to discuss the existence or
terms of this Agreement to any third party without the prior written consent of
the other party.
 
The Seller shall enable the officers, independent certified public accountants,
counsel, bankers and other representatives of the Buyer access to its
properties, books, records, personnel, business and other commercial
relationships, and will fully cooperate in order that the Buyer may have full
opportunity to make such investigation as it reasonably desires to make of the
Seller and its business.
 
If the foregoing accurately sets forth our agreement, please execute where
indicated below and return a fully executed copy of this Agreement to our
attention, whereupon this Agreement shall become a valid and binding agreement
between us.

 
FRANKLIN TOWERS ENTERPRISES, INC.
             
By: /s/ Kelly Fan                                                         
 
Name: Kelly Fan
 
Title:   President and Chief Executive Officer
       
AGREED AND ACCEPTED:
     
Zhengzhong Silkworm Industrial Development Co.
         
By: /s/ Zheng Xinzhong                                               
 
              Name: Zheng Xinzhong
 
              Title: Chief Executive Officer
 

--------------------------------------------------------------------------------