FRANKLIN
      TOWERS ENTERPRISES, INC.

    5
      Ash
      Drive

    Center
      Barnstead, NH 03225

    Telephone:
      702-943-0714

    


    


    


    
      	 	
              December
                28, 2007

            


    

    


    Zheng
      Xinzhong

    Chief
      Executive Officer

    Zhengzhong
      Silkworm Industrial Development Co.

    No.
      8
      Taij Road

    Fuling
      District

    Chongqing,
      China

    


    Re:
      Zhengzhong Silkworm Industrial Development Co.

    


    Dear
      Mr.
      Xinzhong:

    


    Reference
      is hereby made to Letter Agreement dated November 26, 2007 (the “Letter
      Agreement”), between Franklin Towers Enterprises, Inc., a Nevada corporation
      (the “Company”) and Zhengzhong Silkworm Industrial Development Co., a limited
      liability company organized under the laws of the People’s Republic of China
      (“Zhengzhong”), pursuant to which the Company intends to acquire from Zhengzhong
      certain assets, including, fixed assets, real estate holdings, intellectual
      property and a long term lease of approximately 15,000 acres of mulberry farms
      (the “Transaction”). 

    


    In
      furtherance of the Transaction and simultaneously with the execution of this
      letter, the Company hereby pays the sum of Four Hundred Ten Thousand Dollars
      ($410,000) to Zhengzhong as down payment on the purchase price of the assets
      (the “Down Payment”). The remainder of the balance of the purchase price, which
      is to be mutually agreed upon after the Company has completed its due diligence
      investigation of the Zhengzhong and the assets, is due and payable on the
      closing of
      the
      Transaction.

    


    The
      closing of the Transaction is subject to the completion of the due diligence
      investigation of both parties, the execution and delivery of documentation
      appropriate for the Transaction in form and substance mutually acceptable to
      both parties, consents from the respective boards of directors of both companies
      and any third parties and the delivery of audited financial statements of the
      Seller in conformity with the rules and regulations of the Securities and
      Exchange Commission. Subject to the forgoing, it is the intent of the parties
      that definitive documentation with respect to the Transaction be executed and
      delivered and the closing occur on such date to be mutually agreed upon by
      the
      parties. The parties agreed that the Down Payment is fully refundable if the
      Transaction is not consummated.


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    If
      the
      foregoing accurately sets forth our agreement, please execute where indicated
      below and return a fully executed copy of this letter to our attention,
      whereupon this letter shall become a valid and binding agreement between
      us.

    


    
      	 	 	
              FRANKLIN
                TOWERS ENTERPRISES, INC.

            
	 	 	 	 
	 	 	
              By:

            	
              /s/
                Kelly Fan

            
	 	 	
              Name:

            	
              Kelly
                Fan

            
	 	 	
              Title:

            	
              Chief
                Executive Officer

            
	 	 	 	 
	 	 	 	 
	
              AGREED
                AND ACCEPTED

            	 	 
	 	 	 	 
	
              Zhengzhong
                Silkworm Industrial Development Co. Ltd.

            	 	 
	 	 	 	 
	
              By:

            	
              /s/
                Zheng Xinzhong  

            	 	 
	
              Name:

            	
              Zheng
                Xinzhong

            	 	 
	
              Title:

            	
              Chief
                Executive Officer