July 30, 2001

Wing Yu
1025 Cadillac Way, #113
Burlingame, CA  94010

         Re:      Employment Contract

Dear Wing:

We are  pleased  to offer you a  position  with  FinancialContent.com,  Inc.,  a
Delaware corporation ("FinancialContent"). This agreement supercedes any and all
other employment  agreements  between you and Cosmoz  Infrastructure  Solutions,
Inc. The starting date of this  agreement  shall be retroactive to July 1, 2001.
Your  compensation,  benefits and other terms of employment will be as set forth
below and in the FinancialContent, Inc. Employee Handbook.

TERMS OF EMPLOYMENT

1.  Position  and Duties.  FinancialContent  shall  employ you, and you agree to
competently  and  professionally  perform  such  duties as are  customarily  the
responsibility  of the position as set forth in the job description  attached as
EXHIBIT A, and as  reasonably  assigned to you from time to time by your Manager
as set forth in EXHIBIT A.

2. Outside Business  Activities.  During your employment with  FinancialContent,
you shall devote competent energies, interests, and abilities to the performance
of your duties  under this  Agreement.  During the term of this  Agreement,  you
shall not, without FinancialContent's prior written consent, render any services
to others for compensation or engage or participate,  actively or passively,  in
any other business  activities that would interfere with the performance of your
duties hereunder or compete with FinancialContent's business.

3.       Employment Classification. You shall be a Full-Time Executive Employee.

4.       Compensation/Benefits.

         4.1      Wage and commissions.  FinancialContent shall pay you the wage
as set forth in the job description attached as EXHIBIT A.

         4.2      Reimbursement  of Expenses.  You shall be  reimbursed  for all
reasonable and necessary  expenses paid or incurred by you in the performance of
your duties.  You shall  acquire  approval by your  manager,  as  identified  on
Exhibit A, prior to  incurring  any  reimbursable  expenses.  You shall  provide
FinancialContent with original receipts of such expenses.

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         4.3      Withholdings.   All  compensation   paid  to  you  under  this
Agreement, including payment of salary and taxable benefits, shall be subject to
such  withholdings  as may be  required  by  law or  FinancialContent's  general
practices.

         4.4      Benefits.  As a  full-time  employee  you will be  subject  to
FinancialContent's benefits policies as such policies are in effect from time to
time as set forth in  FinancialContnet.com,  Inc.'s Employee  Handbook,  version
0001,  and shall be  offered  the  opportunity  to  participate  in any  benefit
programs  offered to the  extent  such  benefits  are  offered to other  regular
full-time executive  employees.  You agree to sign  FinancialContent's  Employee
Acknowledgement  Form upon  receipt  of  FinancialContnet.com,  Inc.'s  Employee
Handbook, version 0001 as a condition of your employment.

         4.5      Stock Options. FinancialContent does not currently offer stock
options to employees. If the shareholders of FinancialContent adopt a resolution
providing  stock options to  employees,  whether  incentive  stock options or an
employee stock purchase plan, or if the board of directors adopts  non-statutory
stock  options,  you will be offered an  opportunity  to participate in any such
options  plan to the same extent  provided to all other  executive  employees of
FinancialContent.  FinancialContent  makes no guarantee that the shareholders or
the board of directors will adopt a resolution approving a stock options plan.

5.       At-Will  Employment.  Either  party may  terminate  this  Agreement  by
written  notice at any time for any reason or for no reason.  This  Agreement is
intended  to be and shall be deemed to be an at-will  employment  agreement  and
does not constitute a guarantee of continuing employment for any term.

6.       Nondisclosure Agreement. You agree to sign FinancialContent's  standard
Employee  Nondisclosure  Agreement and Proprietary Rights Assignment and Limited
Exclusion  Notification  as a condition of your  employment.  We wish to impress
upon  you  that  we do not  wish  you to  bring  with  you any  confidential  or
proprietary  material of any former employer or to violate any other  obligation
to your former employers.

7.       Authorization to Work.  Because of Federal  regulations  adopted in the
Immigration   Reform  and  Control  Act  of  1986,  you  will  need  to  present
documentation  demonstrating  that you have  authorization to work in the United
States.

8.       Further  Assurances.  Each party shall perform any and all further acts
and execute and deliver any documents that are reasonably necessary to carry out
the intent of this Agreement.

9.       All  notices or other  communications  required  or  permitted  by this
Agreement  or by law shall be in  writing  and shall be deemed  duly  served and
given when  delivered  personally or by facsimile,  air courier,  certified mail
(return  receipt  requested),  postage  and fees  prepaid,  to the  party at the
address indicated in the signature block or at such other address as a party may
request in writing.

10.      Governing  Law. This  Agreement  shall be governed and  interpreted  in
accordance with the laws of the State of California; as such laws are applied to
agreements  between residents of California to be performed  entirely within the
State of California.

11.      Entire  Agreement.  This  Agreement  sets  forth the  entire  Agreement
between the parties  pertaining to the subject  matter hereof and supersedes all
prior written agreements,  and all prior or contemporaneous  oral Agreements and
understandings, express or implied.

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12.      Written Modification and Waiver. No modification to this Agreement, nor
any waiver of any rights,  shall be effective  unless  assented to in writing by
the party to be  charged,  and the  waiver of any  breach or  default  shall not
constitute a waiver of any other right or any subsequent breach or default.

13.      Assignment.  This  Agreement is personal in nature,  and neither of the
parties  shall,  without  the  consent of the  other,  assign or  transfer  this
Agreement  or any  rights or  obligations  under  this  Agreement,  except  that
FinancialContent  may  assign or  transfer  this  Agreement  to a  successor  of
FinancialContent's  business  in the  event  of the  transfer  or sale of all or
substantially all of the assets of FinancialContent's  business;  provided, that
in the case of any assignment or transfer under the terms of this Section,  this
Agreement  shall be binding  on and inure to the  benefit  of the  successor  of
FinancialContent's  business,  and the successor of FinancialContent's  business
shall  discharge and perform all of the  obligations of  FinancialContent  under
this Agreement .

14.      Severability. If any of the provisions of this Agreement are determined
to be invalid,  illegal, or unenforceable,  such provisions shall be modified to
the  minimum  extent  necessary  to make such  provisions  enforceable,  and the
remaining  provisions  shall continue in full force and effect to the extent the
economic   benefits   conferred  upon  the  parties  by  this  Agreement  remain
substantially unimpaired.

15.      Arbitration  of Disputes.  Any  controversy  or claim arising out of or
relating  to  this  contract,  or  the  breach  thereof,  shall  be  settled  by
arbitration  administered  by the  American  Arbitration  Association  under its
National Rules for the Resolution of Employment Disputes,  and judgment upon the
award  rendered  by  the  arbitrator(s)  may be  entered  by  any  court  having
jurisdiction thereof.

We look forward to continuing what we hope will remain a mutually satisfying
work relationship.


                                          Sincerely,

                                          FinancialContent, Inc.


                                          By: /s/ Dave Neville
                                              ----------------------------
                                                  Dave Neville,
                                                  Corporate Secretary


Acknowledged, Accepted and Agreed,


Date: 7/30/01
      -------------
      /s/ Wing Yu
      -------------
          Wing Yu




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EXHIBIT A

JOB DESCRIPTION

1. Position: Chief Executive Officer

2. Your Manager: n/a.  You report directly to the Board of Directors

3: Your Duties:

         o Strategic planning;

         o Financial analysis;

         o Budgeting, compliance;

         o Supervision of the daily operations of the company; and

         o Other tasks that may be required of you by the Board of Directors.

4. Your  Compensation:  Your salary shall be paid monthly on the last day of the
month  worked.  Your annual base salary shall be  72,000.00,  or  $6,000.00  per
month.

5. Schedule:  You shall work five days per week, Monday thru Friday, eight hours
per work day.


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