**Exhibit      4.33**

**Execution**
**        Copy**

**......24**
**th**

**        May.. 2006**

**HC        CONSTRUCTION CO., LTD**

**and**

**TRADE        MEDIA HOLDINGS LIMITED**

**CALL        OPTION DEED**

**RELATING        TO**

**EQUITY        INTERESTS IN**

**北京慧羖国榻犼瑑有榰公司**

**BEIJING        HUICONG INTERNATIONAL**

**INFORMATION        CO., LTD.)**

                                                                              

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**THIS        DEED **

**BETWEEN**

| **1.  ** | **北京慧羖建瑂信息咨琞有榰公司****(HUICONG                CONSTRUCTION CO., LTD),**a                limited liability company incorporated in the People's Republic of                China                (“**China**”                or the “**PRC**”)                and having its registered address at No.9 Chaoqian Road Science Park                Changping District, Beijing (the “**Grantor**”);                and |
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| **2.  ** | **TRADE                MEDIA HOLDINGS LIMITED**,                a                company incorporated in the Cayman Islands and having its registered                address at P.O. Box 219 GT, Strathvale House, North Church Street,                George                Town, Grand Cayman, Cayman Islands (the “**Grantee**”). |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**WHEREAS**

| (A)   | Reference                is made to the sale and purchase agreement in relation to the shares                of HC                International, Inc. (“**HC                International**”)                dated the same date of this Deed made between IDG Technology Venture                Investment, Inc. and the Grantee (the “**Sale                and Purchase Agreement**”). |
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| (A)   | As                at the date of this Deed, the Grantor is the registered owner of                18% of                the equity interest in the entire registered capital of the                Company. |
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| (B)   | In                consideration of the Grantee agreeing to enter into the Sale and                Purchase                Agreement, the Grantor has agreed to grant an option over the Beijing                Huicong Option Equity Interests (as defined below) to the Grantee                on the                terms and conditions set out in this                Deed. |
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| (C)   | Hong                Kong Huicong International Group Limited (“**HKHC**”),                which is the registered owner of 82% of the equity interest of the                entire                registered capital of the of the Company, has given its consent in                relation to the sale of the Beijing Huicong Option Equity Interests                by the                Grantor required under the Joint Venture Contract (as defined below)                and/or the Articles of Association (as defined below) or otherwise                upon                the exercise of the Option by the Grantee hereunder and has undertaken                to                the Grantee that it will enter into such amendment contract to the                Joint                Venture Contract and/or the Articles of Association as shall be                appropriate and necessary to reflect the change in the investors                of the                Company as a result of the transfer of the Beijing Huicong Option                Equity                Interests, in each case on or before Completion. A copy of such letter                signed by HKHC (**“HKHC                Letter”**)                is attached as Appendix “A”. |
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**IT        IS HEREBY AGREED:**

| **1.  ** | **INTERPRETATION** |
|--------------------|--------------------|
| 1.1   | In                this Deed, unless the context requires otherwise, terms used herein                shall                have the same meaning as                those used in the Sale and Purchase Agreement save                that: |
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| **“Accounts”**                                                 | means                  the latest audited consolidated balance sheet and profits and loss                  account                  of the Company and its subsidiaries in respect of the accounting                  reference                  period ended on the Accounts Date;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
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| **“Accounts                  Date”**                           | means                  31 December 2005;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| **“Articles                  of Association”**                 | means                  the articles of association of the Company as amended and supplemented                  from time to time;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| **“Beijing                  Huicong Option Equity Interests”** | means                  the entire equity interest of the Grantor in the registered capital                  of the                  Company (representing 18% of the entire registered capital of the                  Company)                  and any Equity Interests for the time being representing the same                  by                  reason of any alteration in the registered capital of the Company                  or any                  amalgamation, reorganisation or reconstruction of the Company,                  provided                  that the Beijing Huicong Option Equity Interests shall represent                  not less                  than 18% of the total Equity Interests as at                  Completion; |
| **“Business                  Day”**                            | means                  a day (other than a Saturday or Sunday) on which banks in Hong                  Kong and                  China are generally open for business;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| **“Company”**                                                  | means                  **北京慧羖国榻犼瑑有榰公司**(Beijing                  Huicong International Information Co., Ltd.), a sino-foreign cooperative                  joint venture company incorporated in the PRC;                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| **“Completion”**                                               | means                  completion of the sale and purchase of the Beijing Huicong Option                  Equity                  Interests upon the exercise of the Option in accordance with clause                  5.2;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **“Equity                  Interests”**                        | means                  equity interests in the registered capital of the                  Company;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| **“Exercise                  Notice”**                         | means                  a notice to exercise the Option in the form set out in Schedule                  1;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| **“Exercise                  Price”**                          | means                  HK$248,944,924 for the entire Beijing Huicong Option Equity Interests                  and                  the ICP Licence and all other licences, contracts and business                  undertakings referred to in Clause 2.1.2                  which shall be payable in cash;                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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| **“HC                  International”**          | means                  HC International, Inc., a company incorporated in the Cayman                  Islands;                                                                                                                                                                                                                                                                                                                                                                 |
|--------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **“HC                  Options”**                | means                  the options granted by various grantors, being existing shareholders                  of HC                  International, to the Grantee in relation to a certain percentage                  of the                  equity interests in HC International in accordance with an option                  deed                  entered into between the grantors and the Grantee dated the same                  date as                  this Deed; |
| **“HC                  Options Deed”**           | means                  the option deed entered into by various grantors and the Grantee                  dated the                  same date of this Deed in relation to the HC Options;                                                                                                                                                                                                                                                                                     |
| **“ICP                  Licence”**               | means                  the licence held by the Grantor to provide internet information                  services                  and/or content in the PRC;                                                                                                                                                                                                                                                                                                                  |
| **“Joint                  Venture****Contract”** | means                  the joint venture contract entered into between HKHC and the Grantor                  in                  relation to the establishment of the Company as amended from time                  to                  time;                                                                                                                                                                                                                                 |
| **“Option”**                                     | means                  the option granted by the Grantor to the Grantee whereby the Grantee                  has                  the right to require the Grantor to sell or to procure the sale                  of the                  Beijing Huicong Option Equity Interests pursuant to the terms of                  this                  Deed;                                                                                                                      |
| **“Option                  Period”**             | means                  the period commencing on the date of completion of the Sale and                  Purchase                  Agreement and ending on the expiry of the 12-month period from                  the date of                  the completion of the Sale and Purchase Agreement;                                                                                                                                                                             |
| **“PRC                  Approval****Authority”** | means                  the Beijing Municipal Commerce Bureau (previously known as the                  Beijing                  Municipal Commission of Foreign Trade and Economic Commission)                  which                  approved the formation of the Company;                                                                                                                                                                                                 |
| **“Shares”**                                     | means                  ordinary shares of HK$0.10 each in the share capital of HC                  International;                                                                                                                                                                                                                                                                                                                                                             |

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| **“Taxation”** | means                  all forms of tax, duty, rate, levy, charge or other imposition                  or                  withholding whenever and by whatever authority, and whether of                  the PRC or                  elsewhere, including (without limitation) profits tax, provisional                  profits                  tax, salaries tax, provisional salaries tax, property tax, provisional                  property tax, interest tax, estate duty, customs and other import                  duties,                  excise duties, rates, stamp duty, capital duty, fees payable on                  any                  increase of the authorised or issued share capital of a company                  or on the                  allotment of any shares in a company, and any other taxes, duties,                  rates,                  levies, charges, imposts or withholdings corresponding to, similar                  to,                  replaced by or replacing any of them together with any interest,                  penalty,                  fine or additional sum in connection with any Taxation, and any                  liability                  to make a payment by way of reimbursement, recharge, indemnity,                  damages or                  management charge connected in any way with any Taxation and regardless                  of                  whether any such taxes, duties, rates, levies, charges, imposts,                  withholdings, interest, penalties or fines are chargeable directly                  or                  primarily against or attributable directly or primarily to the                  Company,                  any of the Subsidiaries or any other person, whether any amount                  in respect                  of any of them is recoverable from any other person and **“Tax”**                  shall be construed accordingly. |
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| 1.2   | In                this Deed, save where the context otherwise                requires: |
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| 1.2.1   | a                reference to a statute or statutory provision shall include a reference                to                that statute or provision                as                from time to time consolidated, modified, re-enacted or replaced                by any                statute or statutory provision; to any repealed statute or statutory                provision which it re-enacts (with or without modification); and                any                subordinate legislation made under the relevant                statute; |
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| 1.2.2   | words                in the singular shall include the plural, and vice                versa; |
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| 1.2.3   | the                masculine gender shall include the feminine and neutral and vice                versa; |
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| 1.2.4   | a                reference to a person shall include a reference to a firm, a body                corporate, an unincorporated association or to a person's executors                or                administrators; |
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| 1.2.5   | a                reference to a clause, paragraph, Schedule or Appendix (other than                to a                schedule to a statutory provision) shall be a reference to a clause,                paragraph, Schedule or Appendix (as the case may be) of or to this                Deed; |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.2.6   | if                a period of time is specified and commences from a given day or the                day of                an act or event, it shall be calculated exclusive of that                day; |
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| 1.2.7   | references                to any legal term for any action, remedy, method or judicial proceeding,                legal document, legal status, court, official or any legal concept                or                thing shall |
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| 1.2.8   | references                to writing shall include any modes of reproducing words in a legible                and                non-transitory form; |
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| 1.2.9   | the                headings in this Deed are for convenience only and shall not affect                the                interpretation of any provision of this Deed;                and |
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| 1.3   | The                designations adopted in the recitals and introductory statements                preceding                this clause apply throughout this Deed and the                Schedules. |
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| 1.4   | Where                any obligation in this Deed is expressed to be made, undertaken or                given                by two or more parties, they shall be jointly and severally liable                in                respect of it. |
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| 1.5   | Where                any reference to “Completion” is made in this Deed, such reference shall                be construed as “Completion in relation to each exercise of the                Option(s)”. |
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| **2.  ** | **GRANT                OF THE OPTION** |
|--------------------|----------------------------------------|
| 2.1   | In                consideration of the Grantee agreeing to enter into and, subject                to the                completion of the Sale and Purchase Agreement in accordance with                its                terms, |
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| 2.1.1   | the                Grantor hereby grants to the Grantee an irrevocable and, subject                to the                terms of this Deed, an unconditional right to (i) purchase from the                Grantor all (but not part only) of the Beijing Huicong Option Equity                Interests or (ii) to nominate a subsidiary of the Grantee which would                be                an entity established under the laws of the PRC (if required under                the                laws of the PRC) (the “**Designated                Subsidiary**”)                to purchase the Beijing Huicong Option Equity Interests at the Exercise                Price (subject to adjustment in clauses 2.4) at any time during the                Option                Period; |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1.2   | conditional                upon the exercise of the Option in accordance with this Deed, and                subject                to Completion, the Grantor hereby further grants to the Grantee an                irrevocable and unconditional right to require the Grantor to transfer                or                assign to the extent permitted by applicable PRC laws to the Grantee                or to                a company nominated by the Grantee which is established under the                laws of                the PRC (if this is required under the laws of the PRC) (the “**Designated                Grantee**”)                upon or as soon as practicable after                Completion:- |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (a)   | the                licence held by the Grantor to provide internet information services                and/or content in the PRC (the “**ICP                Licence**”);                provided,                however,                that if such transfer is not permissible under applicable laws, then                at                the Grantee's and Designated Grantee’s request, the Grantor shall render                all reasonable cooperation and assistance to the Grantee and the                Designated Grantee in connection with the Designated Grantee obtaining                its                own ICP Licence and/or other relevant business licences required                for the                Designated Grantee to operate internet information services and/or                content                in the PRC; and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (b)   | all                other licences and intellectual property owned by the Grantor used                solely                by HC International, the Company and/or other Subsidiaries of HC                International, in connection with their business operations;                and |
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| (c)   | all                relevant contracts and business undertakings of the Grantor with                HC                International, the Company and/or other subsidiaries of HC International,                in connection with their business operations which are set out in                Schedule 3, |
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| 2.1.3   | the                Grantor irrevocably and unconditionally undertakes not to sell, transfer,                dispose of, charge, encumber or otherwise deal with in any way the                Beijing                Huicong Option Equity Interests (or any interest therein) which are                legally and/or beneficially owned by it during the Option Period,                save                with the prior written consent of the                Grantee. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.2   | The                Grantor agrees that, in the event the Grantee makes a general offer                to the                shareholders of HC International under the Takeovers Code made pursuant                to                Clause 2.1.2                of                the HC Options Deed during the Option Period and if the general offer                does                not become unconditional or lapses, the Grantee shall have no obligation                to purchase any of the Beijing Huicong Option Equity                Interests. |
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| 2.3   | Subject                to the terms and conditions of this Deed, the Grantor shall, on exercise                of the Option, sell or procure the sale of the Beijing Huicong Option                Equity Interests and the Grantee or the Designated Subsidiary (as                the case                may be) shall purchase the Beijing Huicong Option Equity Interests,                free                from any claim, option, charge, lien, equity, encumbrance, rights                of                pre-emption or any other third party rights of whatsoever nature                and with                all rights attached or accruing thereto on and after date of such                exercise. |
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| 2.4   | All                rights (save for the voting rights) attached to the Beijing Huicong                Option                Equity Interests shall accrue to the Grantee on and from the date                of                service of an Exercise Notice on the Grantor and, following the                Completion, the Grantor shall account to the Grantee for all dividends                or                other distributions of the Company declared or paid subsequent to                the date                of service of the Exercise Notice and shall exercise all voting and                other                rights at the direction of the Grantee. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.5   | The                Grantor shall use reasonable endeavours to procure that, until the                exercise or expiry of the Option, the Company shall not, save pursuant                to                any outstanding undertaking, options granted or given by the Company                on                the date of this Deed, make any alteration in its registered                capital. |
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| 2.6   | The                Grantor waives and agrees to procure the waiver of any restrictions                on                transfer (including pre-emption rights) which may exist in relation                to the                Beijing Huicong Option Equity Interests under the Joint Venture Contract,                the Articles of Association or otherwise. |
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| 2.7   | The                Grantee shall not be obliged to complete the purchase of the Beijing                Huicong Option Equity Interests unless the Grantor completes the                sale of                the Beijing Huicong Option Equity Interests set out in any Exercise                Notice                simultaneously. |
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| 2.8   | The                Option shall lapse and cease to have any effect if the HC Options                lapse in                accordance with the HC Options Deed. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **3.  ** | **EXERCISE                OF THE OPTION** |
|--------------------|-------------------------------------------|
| 3.1   | Subject                to Clause 4.4                of                the HC Options Deed, the exercise of the Option is conditional                upon: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
| (a)   | the                Grantee exercising the HC Options; or |
|-----------------|----------------------------------------------------------|
| (b)   | the                Grantee exercising its right under Clause 2.1.2 of the HC Options                Deed. |
|-----------------|-----------------------------------------------------------------------------------------------------------|
| 3.2   | An                Exercise Notice may be given by the Grantee at any time during the                Option                Period in respect of all (but not part only) of the Beijing Huicong                Option                Equity Interests. |
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| 3.3   | At                any time after the completion of the Sale and Purchase Agreement                and prior                to the giving of the Exercise Notice, the Grantee (and any person                authorised by it) shall be entitled to conduct such enquiries,                investigations and due diligence reviews of the business, affairs,                operations and financial position of the Company as the Grantee in                its                absolute discretion deems necessary, desirable or appropriate and                the                Grantor shall use its reasonable endeavours to, subject to Clause                6.1                hereof and the Grantee executing a confidentiality undertaking in                favour                of the Company (if required by the Company) on substantially the                same                terms set out in Clause 6.1, procure that the Grantee and any persons                authorised by it shall on giving reasonable prior notice and during                normal                office hours be given full access to the employees, premises, plant,                machinery, books of account, records and documents of the Company                and each                of its subsidiaries as the Grantee may reasonably                request. |
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| 3.4   | The                Grantee has the right, but not the obligation, to give the Exercise                Notice                and/or to complete the sale and purchase of the Beijing Huicong Option                Equity Interests. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.5   | After                the giving of any Exercise Notice, |
|-----------------|---------------------------------------------------------|
| 3.5.1   | the                Grantee and the Grantor shall enter into a formal equity transfer                agreement in substantially the form as set out in Schedule 4 on or                before                Completion; |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.5.2   | the                Grantor shall procure HKHC to enter into agreements with the Designated                Subsidiary and/or the Grantee (as the case may be) to make such amendments                to the Joint Venture Contract and the Articles of Association as                shall be                appropriate and necessary to reflect the change in the investors                of the                Company as a result of the transfer of the Beijing Huicong Option                Equity                Interests, in each case on or before                Completion. |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.6   | After                the giving of any Exercise Notice by the Grantor, the Grantor shall                procure the directors of the Company to approve the transfer of the                relevant Beijing Huicong Option Equity                Interests. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **4.  ** | **WARRANTIES                AND UNDERTAKINGS** |
|--------------------|------------------------------------------------|
| 4.1   | The                Grantor warrants and represents to the Grantee in the terms of the                Warranties set out in Schedule 2. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------|
| 4.2   | The                Grantor shall procure that the Warranties (save for the Warranties                in                paragraphs 5 and 6.1 of Schedule 2, which relate only to the date                of this                Deed) are true and accurate at all times up to and including Completion                by                reference to the facts and circumstances then subsisting and, for                this                purpose, such Warranties shall be deemed to be repeated at all times                up to                and including Completion as if any express or implied reference therein                to                the date of this Deed shall be replaced by a reference to the time                at                which such Warranty is deemed to be                repeated. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.3   | The                Grantee shall be entitled to claim both before and after Completion                that                any of the Warranties is or was untrue or misleading or has or had                been                breached even if the Grantee discovered or could have discovered                on or                before entering into this Deed and before Completion that the Warranty                in                question was untrue or misleading or had been breached and Completion                shall not in any way constitute a waiver of any of the Grantee's                rights. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.4   | The                Grantee shall not, prior to the exercise or expiry of the Option                Period                and (if appropriate) Completion, transfer, dispose of, charge, pledge                or                encumber in any way its interests in any of the Beijing Huicong Option                Equity Interests. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.5   | The                Grantor shall use all reasonable endeavours to procure that until                the                exercise or expiry of the Option and (if appropriate) Completion                and save                with the prior consent of the Grantee (which consent shall not be                unreasonably withheld or delayed): |
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| (A)   | no                alterations will be made to the Joint Venture Contract and Articles                of                Association and no regulations or resolutions inconsistent with them                will                be adopted; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (B)   | the                Company will not make any substantial change in the nature of its                business, which shall continue to be carried on in the ordinary                course; |
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| (C)   | the                Company will not enter into any transaction that is not in the normal                and                ordinary course of conducting its business nor enter into any transaction                which is not on arm's length terms; and |
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| (D)   | no                resolution will be passed for the voluntary winding-up of the                Company. |
|-----------------|---------------------------------------------------------------------------------------------------------|
| 4.6   | The                Grantor undertakes to the Grantee that: |
|-----------------|------------------------------------------------------------|
| 4.6.1   | Subject                to Clause 4.6.2, it shall at any time before the ICP Licence, all                other                licences and contracts and business undertakings of the Grantor with                HC                International are transferred to the Grantee or to the Designated                Grantee                in accordance with Clause 2.1.2                offer to continue to provide internet information services, content                services and other services to the Company in the same manner and                on the                same terms as carried on as at the date of this                Deed; |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 4.6.2   | [*                *Material                omitted and filed separately with the Securities and Exchange Commission                pursuant to a request for confidential treatment under Rule 14-b2                of the                Securities Exchange Act of 1934, as amended*.] |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.6.3   | [*                *Material                omitted and filed separately with the Securities and Exchange Commission                pursuant to a request for confidential treatment under Rule 14-b2                of the                Securities Exchange Act of 1934, as amended*.] |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.7   | The                Grantor undertakes to indemnify and keep indemnified at any time                and from                time to time the Grantee on demand from and against all claims,                liabilities, losses, costs and expenses which the Grantee may suffer                or                incur or which may be made against the Grantee either before or after                Completion in respect of any breach of any of the warranties, undertakings                or indemnities in this clause 4. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.8   | The                total liability of the Grantor under this Deed shall not exceed the                aggregate Exercise Price for the Beijing Huicong Option Equity Interests                to be received by the Grantor. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.9   | The                Grantor shall have no liability under this                Deed: |
|-----------------|------------------------------------------------------------------------------------|
| 4.9.1   | unless,                in the case of any particular claim, the amount thereof shall exceed                HK$1,000,000; or |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------|
| 4.9.2   | until                the aggregate amount of all valid claims which could otherwise be                made                under this Deed shall exceed                HK$3,000,000, |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.10   | The                liability of the Grantor to the Grantee hereunder                shall: |
|------------------|--------------------------------------------------------------------------------------------|
| 4.10.1   | in                relation to any of the Warranties on Taxation, cease upon expiry                of 7                years from the date of Completion; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.10.2   | in                relation to any of the other Warranties or other indemnities, cease                upon                the earlier of the expiry of 2 years from the date of                Completion. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **5.  ** | **COMPLETION** |
|--------------------|----------------|
| 5.1   | Completion                of the sale and purchase of the Beijing Huicong Option Equity Interests                is                conditional upon: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.1.1   | the                obtaining of the approval of the PRC Approval Authority in relation                to the                change in ownership of the Beijing Huicong Option Equity Interests                pursuant to the exercise of the option and the transactions set out                in                Clause 2.1.2                by                the Grantor, including the obtaining an amended “Foreign Investment                Enterprises Approval Certificate” by the PRC Approval Authority in respect                of the transfer of the relevant Beijing Huicong Option Equity Interests                (**“Approval                Certificate”**);                and |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 5.1.2   | the                sale and purchase of the Shares under the HC Options Deed, whether                by way                of exercising the HC Options or by exercising the right under clause                2.1.2                of the HC Options Deed, becoming unconditional (excluding any condition                relating to the sale and purchase of the Beijing Huicong Option Equity                Interests under this Deed). |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.2   | Subject                to clause 4.4 of the HC Options Deed, completion shall take place                simultaneously with the completion of the sale and purchase of the                Shares                under the HC Options Deed at such time (within 30 days after the                sale and                purchase of the Shares under the HC Options Deed becomes unconditional                or                5 Business Days after the condition in 5.1.1                above has been fulfilled, whichever is the later) and at such place                in                Hong Kong as may be specified in the Exercise Notice or otherwise                notified                by the Grantee. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.3   | At                Completion of the exercise of the Option, the following business                shall be                transacted: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------|
| 5.3.1   | the                Grantor shall deliver or cause to be delivered to the Grantee (or                as the                Grantee may direct) certified true copies of (1) the Approval Certificate;                and (2) documentary evidence that the Company has completed the necessary                formalities for registration of change of investors in the Company                with                the relevant PRC authorities (including and without limitation to                the                business registration, tax, foreign exchange and finance, etc.                authorities); and |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.3.2   | the                Grantee shall pay to the Grantor by electronic funds transfer to                the                Grantor’s bank account (as notified to the Grantee prior to such payment)                an amount equal to the aggregate Exercise Price for such Beijing                Huicong                Option Equity Interests. |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.4   | The                Grantor shall use its all reasonable endeavours to obtain the Approval                Certificate. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------|
| **6.  ** | **GENERAL** |
|--------------------|-------------|
| 6.1   | Each                party (including their representatives and authorised persons) shall,                and                the Grantor shall use its reasonable endeavours to procure that the                Company shall, at all times keep confidential and not directly or                indirectly make or allow any disclosure or use to be made of any                information in its possession or otherwise obtained pursuant to this                Deed                relating to any other party, the Company and each of its subsidiaries                or                to the existence or subject matter of this Deed,                except: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.1.1   | to                the extent required by law or any regulatory                body; |
|-------------------|-------------------------------------------------------------------------------------|
| 6.1.2   | where                the information is already disclosed in the public domain otherwise                than                pursuant to or arising from a breach by the Grantor or the Grantee                (including their representatives and authorised persons) on its                confidentiality undertaking under this Clause;                or |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.1.3   | with                the consent of the other party (which consent shall not be unreasonably                withheld). |
|-------------------|-----------------------------------------------------------------------------------------------------------------------|

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| 6.2   | Any                announcement or circular required to be made or issued by law or                any                regulatory body (including the SFC and the Stock Exchange) shall                only be                made or issued after consultation with the other parties and after                taking                into account the reasonable requirements of the other parties as                to the                contents of such announcement or circular.                No                party may assign (whether absolutely or by way of security and whether                in                whole or in part), transfer, mortgage, charge or otherwise dispose                in any                manner whatsoever of the benefit of this Deed and no party may                sub-contract or delegate in any manner whatsoever its performance                under                this Deed except with the prior written consent of the other                parties. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.3   | In                the event of an assignment pursuant to clause 6.2,                the original contracting party remains liable to procure the performance                of the obligations under the agreement by the                assignee. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.4   | Each                of the parties confirms that this Deed, represents the entire                understanding, and constitutes the whole agreement, in relation to                its                subject matter and supersedes any previous agreement between the                parties                with respect thereto and, without prejudice to the generality of                the                foregoing, excludes any warranty, condition or other undertaking                implied                at law or by custom. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.5   | If                any provision or part of this Deed is void or unenforceable due to                any                applicable law, it shall be deemed to be deleted and the remaining                provisions of this Deed shall continue in full force and                effect. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.6   | The                Grantor shall after exercise of the Option execute all such deeds                and                documents and do all such things as the Grantee may reasonably require                for                perfecting the transactions intended to be effected under or pursuant                to                this Deed and for giving the Grantee the full benefit of the provisions                of                this Deed, including vesting in the Grantee the legal and beneficial                title                to the Beijing Huicong Option Equity                Interests. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.7   | The                rights and remedies of the parties shall not be affected by the giving                of                any indulgence by any other party or by anything whatsoever except                a                specific waiver or release in writing and any such waiver or release                shall                not prejudice or affect any other rights or remedies of the                parties. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.8   | This                Deed may be executed in any number of counterparts and by the parties                to                it on separate counterparts, each of which when executed and delivered                shall be an original but all the counterparts together constitute                one                instrument. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.9   | No                variation of this Deed (or any of the documents referred to in it)                shall                be valid unless it is in writing (which, for this purpose, does not                include e-mail) and signed by or on behalf of each of the parties                to this                Deed. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.10   | The                parties shall pay their own costs in connection with the preparation                and                negotiation of this Deed and any matter contemplated by it (including                but                not limited to their respective stamp duty, if                any). |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.11   | The                parties shall pay their own taxes in connection with the execution                and                performance of this Deed in accordance with the applicable tax laws                and                regulations. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 6.12   | No                delay or failure by a party to exercise or enforce (in whole or in                part)                any right provided by this Deed or by law shall operate as a release                or                waiver, or in any way limit that party's ability to further exercise                or                enforce that, or any other, right. A waiver of any breach of any                provision                of this Deed shall not be effective, or implied, unless that waiver                is in                writing and is signed by the party against whom that waiver is                claimed. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.13   | The                parties acknowledge and agree that in the event of a default by any                party                in the performance of their respective obligations under this Deed,                the                non-defaulting parties shall have the right to obtain specific performance                of the defaulting party's obligations. Such remedy to be in addition                to                any other remedies provided under this Deed or at                law. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **7.  ** | **NOTICES** |
|--------------------|-------------|
| 7.1   | A                notice (including any approval, consent or other communication) in                connection with this Deed and the documents referred to in                it: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.1.1   | must                be in writing; |
|-------------------|------------------------------------|
| 7.1.2   | must                be left at the address of the addressee or sent by pre-paid first                class                post (airmail if posted to or from a place outside Hong Kong) to                the                address of the addressee or sent by facsimile to the facsimile number                of                the addressee in each case which is specified in this clause in relation                to the party to whom the notice is addressed, and marked for the                attention                of the person so specified, or to such other address or facsimile                number                and/or marked for the attention of such other person, as the relevant                party may from time to time specify by notice given in accordance                with                this clause. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.1.3   | The                relevant details of each party at the date of this Deed                are: |
|-------------------|------------------------------------------------------------------------------------------------|

**Grantor**

*Material        omitted and filed separately with the Securities and Exchange Commission        pursuant to a request for confidential treatment under Rule 14-b2 of the        Securities Exchange Act of 1934, as amended*

**Grantee**

| 7.1.4   | for                the avoidance of doubt, must not be sent by electronic                mail. |
|-------------------|------------------------------------------------------------------------------------------------|
| 7.2   | In                the absence of evidence of earlier receipt, any notice shall take                effect                from the time that it is deemed to be received in accordance with                clause                7.3 below. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.3   | Subject                to clause 7.4 below, a notice is deemed to be                received: |
|-----------------|-----------------------------------------------------------------------------------------------|
| 7.3.1   | in                the case of a notice left at the address of the addressee, upon delivery                at that address; |
|-------------------|----------------------------------------------------------------------------------------------------------------------------|
| 7.3.2   | in                the case of a posted letter, on the third day after posting or, if                posted                to or from a place outside Hong Kong, the seventh day after posting;                and |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.3.3   | in                the case of a facsimile, on production of a transmission report from                the                machine from which the facsimile was sent which indicates that the                facsimile was sent in its entirety to the facsimile number of the                recipient. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.4   | A                notice received or deemed to be received in accordance with clause                7.3                above on a day which is not a Business Day or after 5p.m. on any                Business                Day, according to local time in the place of receipt, shall be deemed                to                be received on the next following Business                Day. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.5   | Each                party undertakes to notify the other parties by notice served in                accordance with this clause if the address specified herein is no                longer                an appropriate address for the service of                notices. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **8.  ** | **GOVERNING                LAW** |
|--------------------|----------------------------------|
| 8.1   | This                Deed shall be governed by, and construed in accordance with, Hong                Kong                law. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------|
| 8.2   | Each                party irrevocably agrees for the benefit of the Grantee that the                Courts of                Hong Kong shall have non-exclusive jurisdiction in relation to any                claim,                dispute or difference concerning this Deed and any matter arising                therefrom. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.3   | Each                party irrevocably waives any right that it may have to object to                an action                being brought in those Courts, to claim that the action has been                brought                in an inconvenient forum, or to claim that those Courts do not have                jurisdiction. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.4   | The                submission to the jurisdiction of the Courts of Hong Kong shall not                (and                shall not be construed so as to) limit the right of the Grantee to                bring                legal proceedings in any other court of competent jurisdiction including                without limitation the courts having jurisdiction by reason of the                Grantee's domicile. Legal proceedings by the Grantee in any one or                more                jurisdictions shall not preclude legal proceedings by it in any other                jurisdiction, whether by way of substantive action, ancillary relief,                enforcement or otherwise. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.5   | The                Grantee hereby appoints Publishers Representatives Limited, with                correspondence address at 22nd Floor, Vita Tower, 29 Wong Chuk Hang                Road,                Aberdeen, Hong Kong (Attention: Legal Department), as its agent to                accept                service of legal process on its behalf. The Grantee                hereby irrevocably agrees that if its process agent ceases to have an                address in Hong Kong or ceases to act as its process agent, it shall                appoint a new process agent acceptable to the Grantor and will deliver                to                the Grantor within 14 days a copy of written acceptance of appointment                by                the new process agent. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8.6   | The                Grantor hereby irrevocably appoints *[*                Material omitted and filed separately with the Securities and Exchange                Commission pursuant to a request for confidential treatment under                Rule                14-b2 of the Securities Exchange Act of 1934, as                amended.]*                as                its agent to accept service of legal process on its behalf. The Grantor                irrevocably agrees that if its process agent ceases to have an address                in                Hong Kong or ceases to act as its process agent, it shall appoint                a new                process agent acceptable to the Grantee and will deliver to the other                party to this Deed within 14 days a copy of written acceptance of                appointment by the new process agent. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.7   | Subject                to clauses 8.5 and 8.6, each party agrees that without preventing                any                other mode of service, any document in an action (including, but                not                limited to, any writ of summons or other originating process or any                third                or other party notice) may be served on any party by being delivered                to or                left for that party at its address for service of notices under clause                7                and each party undertakes to maintain such an address at all times                in Hong                Kong and to notify the other party in advance of any change from                time to                time of the details of such address in accordance with the manner                prescribed for service of notices under clause                7. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**IN        WITNESS**

----

**EXECUTION        PAGE**

| **SEALED                  with the Company Chop of**                                                                 | )      |
|----------------------------------------------------------------------------------------------------------------------|--------|
| **北京慧羖建瑂信息咨琞有榰公司** | )      |
| **(HUICONG                  CONSTRUCTION CO., LTD)**                                                                 | )      |
|                                                                                                                 | )      |
| **and                  SIGNED**                  by                                                                  | )      |
| for                  and on behalf of                                                                                | )      |
| in                  the presence of:                                                                                 | )      |
|                                                                                                                 |   |

| **SEALED                  with the Common Seal of** | ) |
|-----------------------------------------------------|---|
| **TRADE                  MEDIA HOLDINGS LIMITED**   | ) |
|                                                | ) |
| **and                  SIGNED**                  by | ) |
| for                  and on behalf of               | ) |
| in                  the presence of:                | ) |