ASSIGNMENT

         This ASSIGNMENT (the "Assignment") is made effective this 30th day of
June, 2004, by and between BonusAmerica Worldwide Corp., a Nevada corporation
(the "Assignor") and Fred Tse, an individual ("Assignee").

         WHEREAS, Assignor owes Assignee a total of Nineteen Thousand Five
Hundred Six Dollars and Sixteen Cents (US$19,506.16) pursuant to a Demand
Promissory Note dated March 8th, 2002, of which a copy is attached hereto as
Exhibit "A" (the "Demand Note"); and

         WHEREAS, Assignor or has the right to an Invoice in the amount of
Twenty Five Thousand Dollars (US$25,000), from Tianjin Fengyu Co., Ltd., dated
March 29, 2004 a copy of which is attached hereto as Exhibit "B" (the
"Invoice"); and

         WHEREAS, Assignor desires to transfer all right, title and interest to
the Invoice to Assignee and Assignee hereby desires the assignment herein as
full and final payment in accord and satisfaction of the Demand Note.

         NOW, THEREFORE, in consideration for Ten Dollars ($10) and other good
and valuable consideration, when executed by an authorized officer of Assignee
and Assignor, this Assignment will set out the understanding and agreement
regarding the assignment of the Invoice to Assignee for full and final payment
in accord and satisfaction of the Demand Note as follows:

1.       ACCEPTANCE OF ASSIGNMENT

         In exchange for the full and final payment in accord and satisfaction
         of the Demand Note by Assignee to Assignor of Nineteen Thousand Five
         Hundred Six Dollars and Sixteen Cents (USD $19,506.16), Assignor hereby
         assigns all of its right, title, and interest in the Invoice, and
         Assignee hereby accepts such assignment of the Invoice in accord and
         satisfaction of payment of the Demand Note, effective the date hereof.

2.       ASSUMPTION OF DUTIES AND OBLIGATIONS

          Assignee hereby assumes the performance of all duties and obligations,
          if any, required of Assignor under the Invoice.

3.       HOLD ASSIGNOR HARMLESS

         Assignee will hold Assignor harmless from any liability or loss
         resulting from nonpayment and or nonperformance of the Invoice in
         accordance with its respective terms, without adverse impact to
         Assignor, its credit report, or reputation among the financial
         community and its various business segments.


<PAGE>

4.       MISCELLANEOUS

        A.        Authority. The officers of the Assignee and Assignor executing
                  this Assignment are duly authorized to do so and each party
                  has taken all action required by law or otherwise to properly
                  and legally execute this Agreement

         B.       Notices. Any notice under this Assignment shall be deemed to
                  have been sufficiently given if sent by registered or
                  certified mail, postage prepaid, addressed as follows:

                  To Assignor:              BonusAmerica WorldWide Corp.
                                            834 S. Broadway, Fifth Floor
                                            Los Angeles, California 90014
                                            Telephone: (213) 243-1505
                                            Facsimile: (213) 243-1509

                  To Assignee:              Fred Tse
                                            186 Stevens Drive
                                            West Vancouver, British Columbia
                                            Canada V7S 1C4
                                            Telephone: (604) 926-2883
                                            Facsimile: (604) 731-2888

or to any other address which may hereafter be designated by either party by
notice given in such manner. All notices shall be deemed to have been given as
of the date of receipt.

         C.       Entire Agreement. This Assignment sets forth the entire
                  understanding between the parties hereto and no other prior
                  written or oral statement or agreement shall be recognized or
                  enforced.

         D.       Severability. If a court of competent jurisdiction determines
                  that any clause or provision of this Assignment is invalid,
                  illegal or unenforceable, the other clauses and provisions of
                  the Assignment shall remain in full force and effect and the
                  clauses and provision which are determined to be void, illegal
                  or unenforceable shall be limited so that they shall remain in
                  effect to the extent permissible by law.

         E.       Assignment. None of the parties hereto may assign this
                  Assignment or otherwise assign, delegate or transfer the
                  rights and obligations of Assignor under the Agreement without
                  the express written consent of the other parties and any
                  approved assignment shall be binding on and inure to the
                  benefit of such successor or, in the event of death or
                  incapacity, on Assignee's heirs, executors, administrators and
                  successors.


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<PAGE>

         F.       Applicable Law. This Assignment has been negotiated and is
                  being contracted for in Nevada, and it shall be governed by
                  the laws of Nevada, Clark County, notwithstanding any
                  conflict-of-law provision to the contrary.

         G.       Attorney's Fees. If any legal action or other preceding
                  (non-exclusively including arbitration) is brought for the
                  enforcement of or to declare any right or obligation under
                  this Assignment or as a result of a breach, default or
                  misrepresentation in connection with any of the provisions of
                  this Assignment, or otherwise because of a dispute among the
                  parties hereto, the prevailing party will be entitled to
                  recover actual attorney's fees (including for appeals and
                  collection) and other expenses incurred in such action or
                  proceeding, in addition to any other relief to which such
                  party may be entitled.

         H.       No Third Party Beneficiary. Nothing in this Assignment,
                  expressed or implied, is intended to confer upon any person,
                  other than the parties hereto and their successors, any rights
                  or remedies under or by reason of this Assignment, unless this
                  Agreement specifically states such intent.

         I.       Further Assurances. At any time, and from time to time after
                  the effective date of this Assignment, each party hereto will
                  execute such additional instruments and take such action as
                  may be reasonably requested by the other party to confirm or
                  perfect title to the securities and other assets to be
                  acquired by Assignee under the Agreement or otherwise to be
                  transferred pursuant to the Agreement or this Assignment; or
                  otherwise to carry out the intent and the purpose of this
                  Assignment.

         J.       Amendment or Waiver. Every right and remedy provided herein
                  shall be cumulative with every other right and remedy, whether
                  conferred herein, at law, or in equity, and may be enforced
                  concurrently herewith, and no waiver by any party of the
                  performance of any obligatiou by the other shall be construed
                  as a waiver of the same or any other default then,
                  theretofore, or thereafter occurring or existing. At any time
                  prior to the effective date of this Assignment, this
                  Assignment shall be amended by a writing signed by all parties
                  hereto.

         K.       Headings. The section and subsection headings in this
                  Assignment are inserted for convenience only end shall not
                  affect in any way the meaning or interpretative of this
                  Assignment.

         L.       Counterparts; Facsimile. It is understood and agreed that this
                  Assignment may be executed in any number of identical
                  counterparts, each of which may be deemed an original for all
                  purposes. Further, any such executed original or counterpart
                  may be delivered by facsimile or similar instantaneous
                  electronic transmission device pursuant to which the signature
                  of or on behalf of such party can be seen, and such execution
                  and delivery shall be considered valid binding and effective
                  for all purposes. At the request of any party hereto, all
                  parties agree to execute an original of this instrument as
                  well as any facsimile, telecopy or other reproduction hereof.


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<PAGE>

         M.       Limitation of Liability.

         N.       Time is of the Essence.

         O.       No Right of Offset.

         IN WITNESS WHEREOF, the parties hereto have caused this Assignment to
be executed the day and year first above written.


                                          Assignor"
                                          BonusAmerica Worldwide Corp.


                                          By:
                                          Name:
                                          Title:

                                          "Assignee"
                                          Fred Tso


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