Exhibit 10











Exhibit 10.8




THIS STOCK OPTION AGREEMENT dated as of the 14th day of January, 2003




BETWEEN:




HUME, KIERAN INC., a company having an office at 900 -805

8th Avenue SW, Calgary, AlbertaT2P 1H7

(herein called the "Optionee")




OF THE FIRST PART




AND:




CHINA VENTURES INC., a company duly incorporated under

the laws of the Province of British Columbia and having its head

office at Suite 1118, Cathedral Place, 925 West Georgia Street,

Vancouver, British Columbia, V6C 3L2




(herein called the "Company")




OF THE SECOND P ART




WHEREAS:




A.

The Optionee is a director, officer, employee or consultant of the Company; and




B.

The Company desires to grant the Optionee an option to purchase Common shares in the capital stock of the Company.




NOW THEREFORE in consideration of the sum of $1.00 paid by each party to the other, the receipt of which is hereby acknowledged, it is agreed:




1.

The Company does hereby grant to the Optionee an option to purchase a total of 1,537,000 Common shares without par value in its capital stock (herein called "the Option"). Subject to paragraph 7 herein, the Option shall be exercisable in whole or in part, at any time and from time to time after the date of this Agreement, for a period of five years commencing January 14, 2003, at a price as follows:




(a)

512,000 Common shares at $0.13 per share;




(b)

512,000 Common shares at $0.18 per share; and




(c)

513,000 Common shares at $0.24 per share.




2.

In order to exercise this Option, the Optionee shall, no later than close of business on January 14, 2008, give notice to the Company of its intention to exercise in whole or in part, such notice to be accompanied by cash or certified cheque, payable to the Company in the appropriate amount. After receipt of such notice, the Company shall forthwith issue a Treasury Order to its Registrar and Transfer Agent for the required number of shares.




3.

The Option shall remain in full force and effect and be exercisable so long as the Optionee is a consultant of the Company, and shall terminate at the close of business on the date which is 30 days after the day upon which the Optionee ceases to be a consultant of the Company. Any unexercised portion of the Option may not be exercised by the Optionee after such termination.




4.

If at any time the Optionee shall be dismissed from its position as a consultant of the Company, any unexercised portion of the Option shall, in the sole discretion of the Company, immediately terminate.




5.

The Optionee shall not, either during the term of its employment, or at any time thereafter, disclose to any person, firm or corporation any information concerning the business affairs of the Company which the Optionee may have acquired in the course of or incidental to its employment or otherwise, whether for its own benefit, or to the detriment, or intended or probable detriment, of the Company.




6.

The Option may not be assigned or transferred in whole or in part.




7.

The Option may not be exercised by the Optionee prior to approval of the granting of the Option by the regulatory authorities, and if the Optionee is an insider of the Company, as that term is defined in the British Columbia Securities Act, the Option may not be exercised by the Optionee prior to approval of the granting of the Option by the shareholders of the Company.




8.

Should the Company at any time subdivide its outstanding share capital into a greater number of shares, the Option exercise price shall be proportionately reduced and the number of subdivided shares entitled to be purchased proportionately increased, and conversely, should the outstanding share capital of the Company be consolidated into a smaller number of shares, the Option exercise price shall be proportionately increased and the number of consolidated shares entitled to be purchased proportionately decreased. 




9.

If the Option, as originally constituted, was approved by the shareholders of the Company, or if the Optionee is an insider of the Company at the time of the amendment, all amendments to the terms of this Agreement must be approved by the shareholders of the Company.




10.

Any notice or other communication required or contemplated under this Agreement to be given by one party to the other shall be delivered or mailed by prepaid registered post to the party to receive same at the address indicated on page 1 hereof. Any notice delivered shall be deemed to have been given and received on the business day next following the date of delivery. Any notice mailed as aforesaid shall be deemed to have been given and received on the fifth business day following the date it is posted, provided that if between the time of mailing and actual receipt of the notice there shall be a mail strike, slowdown or other labour dispute which might affect delivery of the notice shall be effective only if actually delivered.




11.

This Agreement shall be construed in accordance with the laws of the Province of British Columbia.




12.

The Option is being issued pursuant to the Company’s August 17, 2000 Incentive Stock Option Plan (the “Plan”) and shall be governed by the terms thereof.  To the extent of any inconsistency between this Agreement and the Plan, the Plan shall prevail.




IN WITNESS WHEREOF the parties hereto executed these presents as of the day and year first above written.




HUME, KIERAN INC.




“signed”______________________

Authorized Signatory







CHINA VENTURES INC.




“signed”______________________

Authorized Signatory