Document:

EXHIBIT  10.5

                              CONSULTING AGREEMENT

Jay  Lanning,  hereafter referred to as "Consultant", and Asia Properties, Inc.,
hereafter  referred  to  as  "Employer",  agree  as  follows:

Consultant  shall  act  as  Chief  Financial  Officer  of  Employer, and provide
accounting services and perform other duties normally associated with those of a
Chief  Financial  Officer, on an hourly basis at the agreed upon rate of $60 per
hour.

Employer  agrees  that it shall provide information necessary to the performance
of  said  duties, and Consultant shall have access to all pertinent information.
Consultant  shall  provide  his best efforts consistent with the stated goals of
Employer.  However,  Consultant  cannot  guarantee  any particular result due to
Employer's  ultimate  control  of  facilities  and  staff.

Consultant  and Employer may from time to time exchange confidential information
such  as  plans  for  future events.  As to such information neither party shall
disclose  the  same,  unless  the  information becomes part of the public domain
without  the  fault  of  either  party,  or  was known to the party prior to the
execution  of  this  agreement.

Consultant  shall  make himself available to travel on behalf of Employer during
the  term  of  this agreement on occasions which are mutually agreeable to both.
Travel dates will be agreed upon in advance, and arrangements for transportation
and  lodging  shall  be  made  by  Employer.

Employer  will  pay  or  reimburse  Consultant  for all reasonable and necessary
out-of-pocket  expenses  incurred  by him in the performance of his duties under
this  agreement,  subject  to  the  presentation  of  appropriate documentation.

Consultant  shall  make  himself  available for review of any matters related to
this  agreement  at reasonable times.  Either party may terminate this agreement
by  notification  for  a  material  breach of the contract, or on 30 days notice
without  cause.

Any  controversy  or claim arising out of, or relating to, this Agreement, shall
be  settled  by  binding  arbitration  in San Diego, California, pursuant to the
provisions  or  Title  9,  Part  3  of  the  California Code of Civil Procedure,
including  Section 1283.05, and judgment on the arbitration award may be entered
in  any  court  having  jurisdiction over the subject matter of the controversy.

This  is  the entire agreement between the parties and may not be altered except
in  writing.

                                   CONSULTANT:

Dated:  June  15,  1998                    /s/  JAY  LANNING
        --------                           -------------------------------------
                                           Jay  Lanning

                                           EMPLOYER:

Dated:  10/23/ ,  1998                     /s/  DANIEL  MCKINNEY
        ------                             -------------------------------------
                                           Daniel  Mckinney
                                           President, Asia Properties, Inc.

<PAGE>EXHIBIT 10.6
CONFIDENTIAL

Agreement  between

Asia  Properties,  Inc.  (API)

And

Simon  Landy  (Simon)

WHEREAS:

1.     Simon  returns  two  share certificates; - one in his name with 1,000,000
       shares  in  API,  and  one  in  Napaporn's  name  with  500,000 shares in
       API  to  API.
2.     Simon  returns  from  the  Board  of  Directors  of  API with effect from
       1st  January  1999.

And  API  gives  to  Simon  the  following:

A  new  share  certificate  (144  restricted  stock)  for  100,000 shares in API
and  a  payment  of  US$  60,000.

IT  IS  AGREED  THAT:

API  will  deposit US$ 60,000 into an account nominated by Simon.  On receipt of
the  money,  Simon  will give to Nicholas St. Johnston, (Nicholas) a Director of
API,  the  following:

Two  share certificates; - one in his name with 1,000,000 shares in API, and one
in  Napaporn's  name  with  500,000  shares  in  API

And  Nicholas  will give to Simon a new share certificate (144 restricted stock)
for  100,000  shares  in  API

And

Simon  will  sign  a  letter  of  retirement  as  attached.

Agreed:

/S/  SIMON  LANDY

Simon  Landy

Nicholas  St.  Johnston
Representing  Asia  Properties,  Inc.

/S/  NICHOLAS  ST.  JOHNSTON

Witness:

Dated:  16  Nov  98

<PAGE>
16th  November  1998

To  Asia  Properties,  Inc.

From:  Simon  Landy

As  of  1st  January  1999,  I  will  retire from the Board of Directors of Asia
Properties,  Inc.  and  will  not  stand  for  re-election.

/S/  SIMON  LANDY

Simon  Landy

                                        2
<PAGE>Exhibit 10.7

                           MEMORANDUM OF UNDERSTANDING

                              ASIA PROPERTIES INC.

                                       AND

                          NORTHBRIDGE COMMUNITIES LTD.

                               DATED 11 JUNE 1999

                                  ALLEN & OVERY
                                     BANGKOK

<PAGE>
THIS  MEMORANDUM  OF  UNDERSTANDING  IS  MADE  ON  JUNE  11,  1999:

BETWEEN:

(1)     ASIA  PROPERTIES  INC  of 1954 Windfall Avenue, Henderson, NV 89012, USA
("API");  and

(2)     NORTHBRIDGE  COMMUNITIES  LTD. of 3rd Floor, Bubhajit Building, 20 North
Sathorn  Road,  Bangkok  10500  ("NCL").

WHEREAS

API  is  a US listed company established to purchase property in Asia which will
merge  with  Asia  Properties  International  Ltd.  (API  BVI),  and  all  API
shareholders  will  receive  shares  in API BVI which will trade on the National
Quotations  Bureau  Pink  Sheets  (OTC  market,  USA);

NCL  is  a  Thai  company which owns shares in companies in Hong Kong, Thailand,
Cambodia  and  Vietnam  engaged  in  the  business  of  property  development;

API  wishes  to  purchase  shares  in  the  companies in Hong Kong, Thailand and
Cambodia  as  part  of  its  property  acquisition  programme.

IT  IS  AGREED  AS  FOLLOWS:

1.     DEFINITION

In this Memorandum of Understanding the following words shall have the following
meanings:

API(T)  means Asia Properties International (Thailand) Limited a Thai company to
be  incorporated  the  beneficial  ownership  of which will be owned by API BVI;

API  BVI  means  Asia  Properties  International  Ltd.  a British Virgin Islands
company  in the process of incorporation which will merge with API to become the
successor  in  business  to  API;

NCL THAI COMPANIES means ISE Ltd., Palanamai Ltd. and Keltic Ltd. being the Thai
companies  in  which  NCL  owns  shares;

NCL  CAMBODIAN  COMPANIES  means  NISC  Ltd.,  KC  Land  Ltd. and Northbridge KC
Development  Co.,s  Ltd. being the Cambodian Companies in which NCL owns shares;

NMS  means  Northbridge  Management  Series  (HK)  Ltd.,  a  Hong  Kong  company
beneficially  owned  entirely  by  NCL;

NCL  GROUP  means  NMS,  NCL  Thai  Companies  and  NCL  Cambodian  Companies.

<PAGE>
2.   PURCHASE  AND  SALE

(1)     NCL  agrees  to sell and API or its designee agrees to purchase the
NCL  Group  in  the  following  manner:

   -  NCL  will  transfer the issue share capital of the NCL Cambodian Companies
      to  NMS;

   -  NCL  will  transfer  the issued share capital of the NCL Thai Companies to
      API(T)  and  NMS  in  such  proporation  as  is  agreed;

   -  NCL  will  transfer  the  entire  issued  share capital of NMS to API BVI;

(2)     The  consideration  for  the  purchase  of  NMS,  the  NCL  Cambodian
Companies  and the NCL Thai Companies shall be the issue of shares in API BVI on
completion;

(3)     The  value  of  the  API  BVI  shares  shall  be  US  $5 per share;

(4)     The  number  of  shares  to  be  issued  shall  be  agreed  between  the
parties and based on an independent valuation report to be prepared by Cushman &
Wakefield  (Thailand)  Limited at or around July 1, 1999 taking into account the
assets  and  liabilities  of the NCL Thai Companies, the NCL Cambodian Companies
and  NMS  and  the  proportion  of  shares  in each company that is be acquired.

3.   REPRESENTATIONS,  WARRANTIES  AND  UNDERTAKINGS

(1)     NCL  represents  and  warrants  that  all  liabilities  of the NCL Group
have  been  disclosed  prior  to the date of this Memorandum of Understanding in
writing.  In  the  event  of  any  undisclosed  liabilities NCL shall adjust the
purchase  price  accordingly  or repay API for any losses on an indemnity basis.
The  sale  and  purchase  agreement  shall  contain  usual  warranties  and
representations.

(2)     API  represents  and  warrants  that  all  liabilities  of API have been
disclosed  prior to the date of this Memorandum of Understanding in writing.  In
the  event  of  any  undisclosed liabilities API shall adjust the purchase price
accordingly  or  repay  NCL  for any losses on an indemnity basis.  The sale and
purchase  agreement  shall  contain  usual  warranties  and  representations.

(3)     NCL  shall  continue  to  negotiate  to  resolve  the current dispute in
relation  to the Northbridge Villas at Burapha and shall keep API fully informed
of  such  negotiations.

(4)     NCL  shall  at  all  times  during  the 24 month period from the date of
signing  the  Sale  and  Purchase  Agreement  keep  API  fully  informed  of its
intentions  to  sell  any  shares  in  API.

(5)     NCL  shall  use  its  best  endeavors  to  assist API with other parties
in  NCL Group companies and employees of the NCL Group to obtain acknowledgement
and  acceptance  of  the  change  of  ownership  and  corporate  structure.

                                        2
<PAGE>
(6)     API  shall  use  its  best  endeavors to raise US$15 million in new cash
within six (6) months of the signing of the Sale and Purchase Agreement, using a
share  valuation  not  less  than  that  set  out  in  Clause  2(3).

4.   MANAGEMENT  OF  NCL  GROUP

The  boards  of  directors  of  the  companies  within  the  NCL  Group shall be
restructured  so  that API shall appoint directors proportionate to its interest
in  the  NCL  Group.

5.   MANAGEMENT  OF  API

The  board  of  directors of API shall be restructured so that NCL shall appoint
directors  proportionate  to  its  interest  in  API.

6.   FINANCING

NCL  understands  that  API  intends  to  initiate  an  ambitious Asian property
acquisition  programme  to  raise funds to support future development programmes
for  the  properties  to  be  acquired.

7.   SALES

The  current  employees  of NCL Group in Phnom Penh will continue to assist with
negotiations  and  the  conclusion  of contracts for those prospective buyers or
lessees of property in Cambodia for a period of up to 12 months from completion.

8.   MASTER  PLAN

NCL  and  API agree that there will be no material change to the Master Plans of
the  properties  within  the  NCL  group  both  in  Cambodia  and  Thailand.

9.   ________

NCL  grants API an option over the ____ property owned by NCL exercisable by NMS
at  any time after completion at a price being open market value (as verified by
an  independent  valuer)  or  equivalent  to  an offer received by a third party
(Option  Price).  In  the  event  NCL receives an offer to purchase from a third
party  NMS shall have a first right of refusal for a 90 day period from the date
of  the  offer  to  purchase  at  the  Option  Price.

10.  POST  EVENT  TRANSACTION

API understands that negotiations are proceeding to sell interest in land and or
buildings  at  the Phnom Penh property for a G7 country Embassy property.  It is
further understood that an offer to sell property has been made in the region of
US$13  Million.  If  this  transaction takes place after the signing of the Sale
and  Purchase  Agreement, and within 6 months, API will grant a number of shares
to  NCL  equivalent  to  90%  of  the  transaction  price, less the value of the
property  sold and previously included in the initial valuation.  An independent

                                        3
<PAGE>
valuer  is to assess the value of the relevant property pre transaction.  If the
event takes place after six months but before 12 months, API will grant a number
of  shares  equivalent  to 60% of the transaction price.  After 12 months, there
will  be  no grant of shares.  Where there is a grant of shares, the shares will
be  valued  at  the  closing  price  on  the  day  the transaction is completed.

11.  DUE  DILIGENCE

(1)     API  shall  be  permitted  to  conduct  such  due  diligence  on the NCL
Group  and  its  assets  as  it considers prudent and NCL shall procure that API
shall  have  full access to all documents, record, properties and details of all
assets and liabilities.  NCL shall also facilitate API or its representatives to
meet with any partners or employees of NCL and, where appropriate, access to all
government  and  regulatory  authorities.

(2)     NCL  or  individuals  appointed  by  NCL  shall  be  entitled to conduct
due  diligence  on  behalf  of  NCL  on  API  and  to  meet, inter alia, current
investors,  broker  dealers,  market makers and relevant regulatory authorities.

12.  AGREEMENTS

The parties shall use best endeavors to enter into a Sale and Purchase Agreement
and  other  related  agreements, subject to shareholder and regulatory approval,
within  45  days after the signing of this MOU.  The Sale and Purchase Agreement
shall contain normal terms and conditions and protections for both the Purchaser
(API)  and  the  seller  (NCL).

13.  TERMINATION

NCL  shall  have  the right to terminate this Memorandum of Understanding in the
event  (i)  the  average  closing price of API shares on the National Quotations
Bureau  Pink Sheets (OTC Market, USA) shall for a period of not less than 7 days
prior  to  completion be less than US$4.50; or (ii) the average closing index of
the  DOW  Jones All Share Index or the NASDAQ All Share Index shall for a period
of  not less than 7 days prior to completion be less than 85% of the index o the
date  of  the  signing  of  the  MOU.

If  at  any  time  between the date of signing this MOU and closing there is any
material  change  in  circumstances,  which  adversely  affect  the  fundamental
understandings  or  spirit  of  this  MOU,  either party shall have the right to
terminate  this  MOU  on  fifteen  (15)  days  prior  written  notice.

14.     CONFIDENTIALITY

Each  party  shall  keep  the  contents  of  this  Memorandum  of  Understanding
Confidential provided that API shall be entitled to disclose the contents to the
extent  that  it  shall  be  required to do so by any regulatory authority or in
connection  with  raising  any  capital  raising  or  issue  of  new  shares.

                                        4
<PAGE>
IN  WITNESS  WHEREOF, this Agreement has been executed on the day and year first
above-written.

Signed  by                                    /s/  NICHOLAS  ST.  JOHNSTON
                                              ----------------------------------
for  and  on  behalf  of                      (   Nicholas St. Johnston   )
ASIA  PROPERTIES  INC.

in  the  presence  of                         ----------------------------------

Signed  by                                    /s/  VORASIT  POKACHAIYAPAT
                                              ----------------------------------
for  and  on  behalf  of
NORTHBRIDGE  COMMUNITIES  LTD.

in  the  presence  of                         ----------------------------------

                                        5
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}]]