Document:

Exhibit 10.3
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                               SECURITY AGREEMENT
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THIS SECURITY AGREEMENT (this "Agreement") made as of the 22nd day of May 2003,
between MACNAB LLC ("Secured Party") and HOMECOM COMMUNICATIONS, INC. ("Payor").

1.   Definitions of Terms Used Herein.

     a.   Any Terms not defined herein shall be accorded the same meaning
          designated by that certain Promissory Note entered into by the parties
          as of the date hereof.

     b.   "Liability" or "liabilities" includes all liabilities (primary,
          secondary, direct, contingent, sole, joint or several) due or to
          become due, or that may be hereafter contracted or acquired, of Payor
          to Secured Party.

     c.   "Proceeds" means whatever is received when Collateral is sold,
          exchanged, leased, collected or otherwise disposed of and includes the
          account arising when the right to payment is earned under a contract.

     d.   "Security Interest" means a lien or other interest in Collateral that
          secures payment of a liability or performance of an obligation.

     e.   "Collateral" means the following described property in which Secured
          Party has a security interest:

          (i)  any and all cash, accounts receivable and Proceeds derived
               therefrom other than that reserved for assignment to Tulix
               Systems, Inc. pursuant to that certain Asset Purchase Agreement
               by and between the Company and Tulix Systems, Inc dated on or
               about March 2003 (the "APA");

          (ii) any and all notes receivable from Tulix Systems, Inc. pursuant to
               the APA.

2.   Security Interest. Payor hereby grants to Secured Party a Security
     Interest in the Collateral. Payor is the sole lawful owner of the
     Collateral and the Security Interest granted to Secured Party hereunder
     shall encumber the Collateral and shall constitute a first priority
     security interest in and to the Collateral.

3.   Use of Collateral. Payor shall in no way further encumber, pledge, or
     create any additional liens in the Collateral in any manner whatsoever
     without the written consent of Secured Party.

4.   [Intentionally Left Blank]

<PAGE>

5.   Default. Upon the occurrence of an Event of Default (as defined in the
     Secured Promissory Note of even date between the parties) or a breach
     of any undertaking of or conditions to be performed by Payor, all
     liabilities shall become immediately due and payable.

6.   General Agreements.

     a.   Payor agrees to pay the costs of filing financing statements and of
          conducting searches in connection with this Agreement.

     b.   [Intentionally Left Blank]

     c.   [Intentionally Left Blank]

     d.   At its option, Secured Party may discharge taxes, liens or security
          interests or other encumbrances at any time levied or placed on the
          Collateral, and may pay for the maintenance and preservation of the
          Collateral, and Payor agrees to reimburse Secured Party on demand for
          any payment made or any expense incurred by Secured Party pursuant to
          the foregoing authorization, including counsel fees and disbursements
          incurred or expended by Secured Party in connection with this
          Agreement.

     e.   Payer agrees to not unreasonably withhold signature on any financing
          statement and any amendments thereto, nor on any assignment of any
          intangible necessary to perfect a security interest in the Collateral.
          Payor hereby authorizes Secured Party to file the financing statement
          and any amendments thereto without the signature of Payor. Such
          authorization is limited to the security interest granted by this
          Agreement.

     f.   Secured Party shall not be deemed to have waived any of its rights
          hereunder or under any other agreement, instrument or paper signed by
          Payor unless such waiver is in writing and signed by Secured Party. No
          delay or omission on the part of Secured Party in exercising any right
          shall operate as a waiver thereof or of any other right. A waiver upon
          any one occasion shall not be construed as a bar or a waiver of any
          right or remedy on any future occasion. All of the rights and remedies
          of Secured Party, whether evidenced hereby or by any other agreement,
          instrument or paper, shall be cumulative and may be exercised singly
          or concurrently.

7.   Execution by Holder. This Agreement shall take effect immediately upon
     execution by Payor, and the execution hereof by Secured Party shall not
     be required as a condition to the effectiveness of this Agreement. The
     provision for execution of this Agreement by Secured Party is only for
     purposes of filing this Agreement as a Security Agreement under the
     Uniform Commercial Code, if execution hereof by Secured Party is
     required for purposes of such filing.

<PAGE>

     8. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York. Each of the parties consents to the jurisdiction
of the federal or state courts whose districts encompass any part of the City of
New York in connection with any dispute arising under this Agreement and hereby
waives, to the maximum extent permitted by law, any objection, including any
objection based on forum non coveniens, to the bringing of any such proceeding
in such jurisdictions. Each of the parties hereby knowingly and voluntarily
waives the right to a trial by jury in connection with any dispute, claim,
proceeding or action of any nature whatsoever, in law or equity, arising out of
or in any way relating to this Agreement.

IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by duly
authorized officers of the Payor.

                                             MACNAB LLC

                                             By:  /s/
                                                -------------------------------
                                             Name:
                                             Title:

                                             HOMECOM COMMUNICATIONS, INC.

                                             By:  /s/ Michael Sheppard
                                                -------------------------------
                                             Name:    Michael Sheppard
                                             Title:   Vice President, Licensed
                                                      Technology Division13

                         EQUITY LINE OF CREDIT AGREEMENT

     AGREEMENT  dated  as  of the 20th day of May 2003 (the "Agreement") between
CORNELL  CAPITAL  PARTNERS, LP, a Delaware limited partnership (the "Investor"),
and ASIA PROPERTIES INC., a corporation organized and existing under the laws of
the  State  of  Nevada  (the  "Company").

     WHEREAS,  the  parties  desire  that,  upon  the  terms  and subject to the
conditions  contained  herein, the Company shall issue and sell to the Investor,
from  time  to time as provided herein, and the Investor shall purchase from the
Company  up  to Five Million Dollars ($5,000,000) of the Company's common stock,
par  value  $.001  per  share  (the  "Common  Stock");  and

WHEREAS,  such  investments  will  be  made  in  reliance upon the provisions of
Regulation D ("Regulation D") of the Securities Act of 1933, as amended, and the
regulations  promulgated  there  under  (the "Securities Act"), and or upon such
other  exemption from the registration requirements of the Securities Act as may
be available with respect to any or all of the investments to be made hereunder.

WHEREAS,  the  Company  has  engaged  TN  Capital  Equities, Ltd., to act as the
Company's exclusive placement agent in connection with the sale of the Company's
Common Stock to the Investor hereunder pursuant to the Placement Agent Agreement
dated  the  date  hereof  by  and among the Company, the Placement Agent and the
Investor  (the  "Placement  Agent  Agreement").

NOW,  THEREFORE,  the  parties  hereto  agree  as  follows:

                                   ARTICLE I.

                               Certain Definitions

     Section  1.1.     "Advance" shall mean the portion of the Commitment Amount
requested  by  the  Company  in  the  Advance  Notice.

     Section  1.2.     "Advance  Date"  shall  mean  the  date  Butler  Gonzalez
LLP/Wachovia  Bank,  N.A.  Escrow  Account  is  in receipt of the funds from the
Investor and Butler Gonzalez LLP, as the Investor's Counsel, is in possession of
free trading shares from the Company and therefore an Advance by the Investor to
the  Company  can  be  made and Butler Gonzalez LLP can release the free trading
shares  to the Investor. No Advance Date shall be less than six (6) Trading Days
after  an  Advance  Notice  Date.

Section  1.3.     "Advance  Notice"  shall mean a written notice to the Investor
setting forth the Advance amount that the Company requests from the Investor and
the  Advance  Date.

Section 1.4.     "Advance Notice Date" shall mean each date the Company delivers
to the Investor an Advance Notice requiring the Investor to advance funds to the
Company,  subject  to the terms of this Agreement.  No Advance Notice Date shall
be  less  than  seven  (7)  Trading  Days  after  the prior Advance Notice Date.

Section  1.5.     "Bid Price" shall mean, on any date, the closing bid price (as
reported  by  Bloomberg  L.P.) of the Common Stock on the Principal Market or if
the  Common  Stock is not traded on a Principal Market, the highest reported bid
price  for  the  Common  Stock,  as  furnished  by  the  National Association of
Securities  Dealers,  Inc.

Section 1.6.     "Closing" shall mean one of the closings of a purchase and sale
of  Common  Stock  pursuant  to  Section  2.3.

Section  1.7.     "Commitment  Amount"  shall mean the aggregate amount of up to
Five  Million  Dollars  ($5,000,000) which the Investor has agreed to provide to
the  Company  in  order  to  purchase the Company's Common Stock pursuant to the
terms  and  conditions  of  this  Agreement.

Section  1.8.     "Commitment  Period"  shall  mean the period commencing on the
earlier  to  occur  of  (i) the Effective Date, or (ii) such earlier date as the
Company  and  the  Investor  may  mutually agree in writing, and expiring on the
earliest  to occur of (x) the date on which the Investor shall have made payment
of  Advances  pursuant to this Agreement in the aggregate amount of Five Million
Dollars  ($5,000,000),  (y)  the  date  this Agreement is terminated pursuant to
Section  2.5,  or  (z)  the  date  occurring  twenty-four  (24) months after the
Effective  Date.

Section 1.9.     "Common Stock" shall mean the Company's common stock, par value
$.001  per  share.

Section 1.10.     "Condition Satisfaction Date" shall have the meaning set forth
in  Section  7.2.

Section 1.11.     "Damages" shall mean any loss, claim, damage, liability, costs
and  expenses  (including,  without  limitation,  reasonable attorney's fees and
disbursements  and  costs  and  expenses of expert witnesses and investigation).

Section  1.12.     "Effective  Date"  shall mean the date on which the SEC first
declares  effective  a  Registration  Statement  registering  the  resale of the
Registrable  Securities  as  set  forth  in  Section  7.2(a).

Section  1.13.     "Escrow  Agreement" shall mean the escrow agreement among the
Company,  the  Investor,  and  Butler  Gonzalez  LLP  dated  the  date  hereof.

Section 1.14.     "Exchange Act" shall mean the Securities Exchange Act of 1934,
as  amended,  and  the  rules  and  regulations  promulgated  there  under.

Section  1.15.     "Material  Adverse  Effect"  shall  mean  any  condition,
circumstance, or situation that would prohibit or otherwise materially interfere
with the ability of the Company to enter into and perform any of its obligations
under  this  Agreement  or  the  Registration  Rights  Agreement in any material
respect.

Section  1.16.     "Market Price" shall mean the lowest closing Bid Price of the
Common  Stock  during  the  Pricing  Period.

Section  1.17.     "Maximum  Advance  Amount"  shall be One Hundred Seventy Five
Thousand  Dollars  ($175,000)  per  Advance  Notice.

Section  1.18     "Minimum  Acceptable  Price"  shall  mean  a  price   of  the
Company's  Common  Stock as determined by the Company on the Advance Notice Date
of  which  the  Investor  shall be advised of in writing simultaneously with the
Advance  Notice.

     Section  1.19     "NASD"  shall mean the National Association of Securities
Dealers,  Inc.

     Section  1.20     "Person"  shall  mean  an  individual,  a  corporation, a
partnership,  an association, a trust or other entity or organization, including
a  government  or political subdivision or an agency or instrumentality thereof.

Section  1.21     "Placement  Agent"  shall  mean  TN  Capital Equities, Ltd., a
registered  broker-dealer.

Section  1.22     "Pricing  Period"  shall mean the five (5) consecutive Trading
Days  after  the  Advance  Notice  Date.

Section  1.23     "Principal  Market" shall mean the Nasdaq National Market, the
Nasdaq  SmallCap  Market, the American Stock Exchange, the OTC Bulletin Board or
the  New  York  Stock  Exchange,  whichever is at the time the principal trading
exchange  or  market  for  the  Common  Stock.

Section  1.24     "Purchase Price" shall be set at ninety eight percent (98%) of
the  Market  Price  during  the  Pricing  Period.

Section  1.25     "Registrable Securities" shall mean the shares of Common Stock
to  be  issued  hereunder  or  pursuant  to the Warrant Agreement dated the date
hereof  between  the  Company  and  the  Investor  (i)  in  respect of which the
Registration  Statement  has  not been declared effective by the SEC, (ii) which
have  not been sold under circumstances meeting all of the applicable conditions
of  Rule  144  (or any similar provision then in force) under the Securities Act
("Rule  144") or (iii) which have not been otherwise transferred to a holder who
may  trade  such  shares  without  restriction under the Securities Act, and the
Company  has delivered a new certificate or other evidence of ownership for such
securities  not  bearing  a  restrictive  legend.

Section  1.26     "Registration  Rights  Agreement"  shall mean the Registration
Rights Agreement dated the date hereof, regarding the filing of the Registration
Statement for the resale of the Registrable Securities, entered into between the
Company  and  the  Investor.

Section 1.27     "Registration Statement" shall mean a registration statement on
Form  S-1 or SB-2 (if use of such form is then available to the Company pursuant
to  the  rules of the SEC and, if not, on such other form promulgated by the SEC
for  which  the  Company  then qualifies and which counsel for the Company shall
deem  appropriate,  and  which  form  shall  be  available for the resale of the
Registrable  Securities  to  be  registered  there  under in accordance with the
provisions  of  this  Agreement  and  the  Registration Rights Agreement, and in
accordance with the intended method of distribution of such securities), for the
registration  of  the resale by the Investor of the Registrable Securities under
the  Securities  Act.

Section 1.28     "Regulation D" shall have the meaning set forth in the recitals
of  this  Agreement.

Section  1.29     "SEC"  shall  mean  the  Securities  and  Exchange Commission.

Section  1.30     "Securities  Act"  shall  have  the  meaning  set forth in the
recitals  of  this  Agreement.

Section  1.31     "SEC  Documents"  shall  mean  Annual  Reports on Form 10-KSB,
Quarterly  Reports  on  Form  10-QSB,  Current  Reports  on  Form  8-K and Proxy
Statements  of  the  Company  as  supplemented  to the date hereof, filed by the
Company  for  a  period of at least twelve (12) months immediately preceding the
date  hereof  or  the  Advance  Date, as the case may be, until such time as the
Company  no  longer  has  an  obligation  to  maintain  the  effectiveness  of a
Registration  Statement  as  set  forth  in  the  Registration Rights Agreement.

Section  1.32     "Trading  Day"  shall  mean  any day during which the New York
Stock  Exchange  shall  be  open  for  business.

                                   ARTICLE II.

                                    Advances

     Section  2.1.     Investments.

     (a)     Advances.  Upon  the  terms  and  conditions  set  forth  herein
(including,  without  limitation,  the provisions of Article VII hereof), on any
Advance  Notice  Date  the Company may request an Advance by the Investor by the
delivery  of  an  Advance Notice.  The number of shares of Common Stock that the
Investor  shall  receive  for  each  Advance shall be determined by dividing the
amount  of  the  Advance  by  the Purchase Price.  No fractional shares shall be
issued.  Fractional  shares  shall be rounded to the next higher whole number of
shares.  The aggregate maximum amount of all Advances that the Investor shall be
obligated  to  make under this Agreement shall not exceed the Commitment Amount.

     (b)     Notwithstanding the foregoing the Company shall only be entitled to
an  Advance  if the Company's Common Stock has an active bid at all times during
the  Pricing  Period.

     Section  2.2.     Mechanics.

     (a)     Advance  Notice.  At  any  time  during  the Commitment Period, the
Company may deliver an Advance Notice to the Investor, subject to the conditions
set  forth  in  Section  7.2;  provided, however, the amount for each Advance as
designated  by  the  Company in the applicable Advance Notice, shall not be more
than  the Maximum Advance Amount.  The aggregate amount of the Advances pursuant
to  this  Agreement  shall  not  exceed  the  Commitment  Amount.  The  Company
acknowledges  that  the  Investor  may sell shares of the Company's Common Stock
corresponding  with a particular Advance Notice on the day the Advance Notice is
received  by  the  Investor.  There  will be a minimum of seven (7) Trading Days
between  each  Advance  Notice  Date.

     (b)      Withdrawal  of  Advance  Notice.  The  Company shall automatically
withdraw  a pro rata portion of the Advance Notice amount based on the number of
days  the  closing  bid  price  of  the  Company's  Common Stock (as reported by
Bloomberg,  L.P.) during the Pricing Period is lower than the Minimum Acceptable
Price.  The  shares  of  Common Stock issued shall also be reduced to correspond
with  the  reduction  in the Advance Notice amount.  For example, if the closing
bid price of the Company's Common Stock on the Advance Notice Date is $0.90, and
the  Minimum  Acceptable Price as determined by the Company is $0.89.  For every
day during the Pricing Period that the closing bid price of the Company's Common
Stock  is  below  $0.89  the  Advance  Notice  amount shall be reduced by Twenty
Percent  (20%).  If  the  Advance  Notice  amount  is  One  Hundred Seventy Five
Thousand  Dollars  ($175,000)  and the closing bid price of the Company's Common
Stock  is below the Minimum Acceptable Price for two (2) of the five (5) days of
the  Pricing  Period,  the  Purchase Amount shall be reduced by 40% (2 x 20%) or
Seventy Thousand Dollars ($70,000) (40% of $175,000 = $70,000) and therefore the
reduced  Advance  Notice  amount  shall  be  One  Hundred  Five Thousand Dollars
($105,000)  (the "Reduced Advance Notice Amount") ($175,000-$70,000 = $105,000).
Accordingly the number of shares of Common Stock issued to the Investor shall be
reduced  and  calculated  by  dividing  the Reduced Advance Notice amount by the
Purchase  Price.

(c)     Date  of  Delivery of Advance Notice.  An Advance Notice shall be deemed
delivered on (i) the Trading Day it is received by facsimile or otherwise by the
Investor  if  such  notice is received prior to 12:00 noon Eastern Time, or (ii)
the  immediately  succeeding  Trading  Day  if  it  is  received by facsimile or
otherwise after 12:00 noon Eastern Time on a Trading Day or at any time on a day
which is not a Trading Day.  No Advance Notice may be deemed delivered, on a day
that  is  not  a  Trading  Day.

(d)     Pre-Closing  Share  Credit.  Within  two  (2)  business  days  after the
Advance  Notice  Date,  the  Company shall credit shares of the Company's Common
Stock  to  the  Investor's  balance  account  with  The Depository Trust Company
through  its  Deposit  Withdrawal At Custodian system, in an amount equal to the
amount  of  the  requested  Advance  divided  by  the  closing  Bid Price of the
Company's Common Stock as of the Advance Notice Date multiplied by one point one
(1.1).  Any  adjustments to the number of shares to be delivered to the Investor
at  the  Closing  as  a  result  of fluctuations in the closing Bid Price of the
Company's  Common Stock shall be made as of the date of the Closing.  Any excess
shares  shall  be credited to the next Advance.  In no event shall the number of
shares issuable to the Investor pursuant to an Advance cause the Investor to own
in  excess  of nine and 9/10 percent (9.9%) of the then outstanding Common Stock
of  the  Company.

(e)     Hardship.  In  the  event  the Investor sells the Company's Common Stock
pursuant  to  subsection  (c)  above  and  the  Company  fails  to  perform  its
obligations  as  mandated  in Section 2.5 and 2.2 (c), and specifically fails to
provide the Investor with the shares of Common Stock for the applicable Advance,
the  Company  acknowledges that the Investor shall suffer financial hardship and
therefore  shall  be  liable  for  any  and  all  losses,  commissions, fees, or
financial  hardship  caused  to  the  Investor.

     Section  2.3.     Closings.  On  each  Advance Date, which shall be six (6)
Trading  Days after an Advance Notice Date, (i) the Company shall deliver to the
Investor's  Counsel,  as defined pursuant to the Escrow Agreement, shares of the
Company's  Common  Stock, representing the amount of the Advance by the Investor
pursuant  to  Section  2.1  herein, registered in the name of the Investor which
shall  be  delivered to the Investor, or otherwise in accordance with the Escrow
Agreement  and  (ii)  the  Investor  shall  deliver  to Butler Gonzalez LLP (the
"Escrow  Agent")  the  amount  of the Advance specified in the Advance Notice by
wire  transfer  of  immediately  available funds which shall be delivered to the
Company,  or otherwise in accordance with the Escrow Agreement.  In addition, on
or prior to the Advance Date, each of the Company and the Investor shall deliver
to  the  other  through  the  Investor's  Counsel all documents, instruments and
writings  required  to be delivered by either of them pursuant to this Agreement
in  order to implement and effect the transactions contemplated herein.  Payment
of  funds  to  the  Company  and  delivery  of the Company's Common Stock to the
Investor shall occur in accordance with the conditions set forth above and those
contained  in  the  Escrow  Agreement; provided, however, that to the extent the
Company  has  not paid the fees, expenses, and disbursements of the Investor and
the Investor's counsel in accordance with Section 12.4, the amount of such fees,
expenses,  and  disbursements may be deducted by the Investor (and shall be paid
to  the  relevant party) from the amount of the Advance with no reduction in the
amount  of  shares of the Company's Common Stock to be delivered on such Advance
Date.

     Section 2.4.     Termination of Investment.  The obligation of the Investor
to  make  an  Advance  to the Company pursuant to this Agreement shall terminate
permanently  (including  with  respect  to  an  Advance  Date  that  has not yet
occurred)  in  the event that (i) there shall occur any stop order or suspension
of  the  effectiveness  of  the Registration Statement for an aggregate of fifty
(50)  Trading  Days,  other  than  due  to  the acts of the Investor, during the
Commitment  Period,  and  (ii)  the Company shall at any time fail materially to
comply  with the requirements of Article VI and such failure is not cured within
thirty  (30)  days  after receipt of written notice from the Investor, provided,
however,  that  this  termination  provision  shall  not  apply  to  any  period
commencing  upon  the  filing of a post-effective amendment to such Registration
Statement  and  ending  upon  the date on which such post effective amendment is
declared  effective  by  the  SEC

     Section  2.5.     Agreement  to  Advance  Funds.

     (a)     The  Investor agrees to advance the amount specified in the Advance
Notice  to  the Company after the completion of each of the following conditions
and  the  other  conditions  set  forth  in  this  Agreement:

     (i)     the  execution  and  delivery  by the Company, and the Investor, of
this  Agreement,  and  the  Exhibits  hereto;

     (ii)     Investor's  Counsel shall have received the shares of Common Stock
applicable  to  the  Advance  in  accordance  with  Section  2.2(c)  hereof;

(iii)     the Company's Registration Statement with respect to the resale of the
Registrable  Securities  in accordance with the terms of the Registration Rights
Agreement  shall  have  been  declared  effective  by  the  SEC;

(iv)     the Company shall have obtained all material permits and qualifications
required  by  any  applicable  state  for  the offer and sale of the Registrable
Securities,  or  shall have the availability of exemptions there from.  The sale
and  issuance  of  the  Registrable Securities shall be legally permitted by all
laws  and  regulations  to  which  the  Company  is  subject;

(v)     except  as  disclosed  to the Investor the Company shall have filed with
the  Commission  in  a  timely  manner  all reports, notices and other documents
required  of  a  "reporting  company"  under  the  Exchange  Act  and applicable
Commission  regulations;

(vi)     the fees as set forth in Section 12.4 below shall have been paid or can
be  withheld  as  provided  in  Section  2.3;  and

(vii)     the  conditions  set  forth  in Section 7.2 shall have been satisfied.

(viii)     The  Company  shall have provided to the Investor an acknowledgement,
from  Dale  Matheson  Carr  Hilton  as  to  its  ability to provide all consents
required  in  order  to  file  a  registration statement in connection with this
transaction;

(ix)     The  Company's  transfer  agent  shall  be  DWAC  eligible.
     Section  2.6.     Lock  Up  Period.

     (i)     During  the Commitment Period, the Company shall not, issue or sell

(i)  any  Common  Stock  or  Preferred  Stock  without  consideration  or  for a
consideration  per share less than the Bid Price on the date of issuance or (ii)
issue  or  sell any warrant, option, right, contract, call, or other security or
instrument granting the holder thereof the right to acquire Common Stock without
consideration  or  for  a consideration per share less than the Bid Price on the
date  of  issuance.

     (ii)     On the date hereof, the Company shall obtain from each officer and
director  a  lock-up  agreement, as defined below, in the form annexed hereto as
Schedule  2.6(b)  agreeing to only sell in compliance with the volume limitation
of  Rule  144.

                                  ARTICLE III.

                   Representations and Warranties of Investor

     Investor  hereby  represents  and warrants to, and agrees with, the Company
that  the  following  are  true and as of the date hereof and as of each Advance
Date:

     Section  3.1.     Organization  and  Authorization.  The  Investor  is duly
incorporated  or  organized  and  validly  existing  in  the jurisdiction of its
incorporation  or  organization  and  has  all  requisite power and authority to
purchase and hold the securities issuable hereunder.  The decision to invest and
the  execution  and delivery of this Agreement by such Investor, the performance
by  such  Investor  of  its  obligations  hereunder and the consummation by such
Investor  of  the transactions contemplated hereby have been duly authorized and
requires  no other proceedings on the part of the Investor.  The undersigned has
the  right,  power  and  authority to execute and deliver this Agreement and all
other  instruments  (including,  without  limitations,  the  Registration Rights
Agreement),  on  behalf  of the Investor.  This Agreement has been duly executed
and  delivered  by  the Investor and, assuming the execution and delivery hereof
and  acceptance  thereof  by  the  Company, will constitute the legal, valid and
binding  obligations  of  the  Investor,  enforceable  against  the  Investor in
accordance  with  its  terms.

     Section  3.2.     Evaluation of Risks.  The Investor has such knowledge and
experience  in financial tax and business matters as to be capable of evaluating
the  merits  and  risks  of,  and  bearing  the  economic  risks entailed by, an
investment  in  the  Company  and of protecting its interests in connection with
this  transaction.  It  recognizes that its investment in the Company involves a
high  degree  of  risk.

Section  3.3.     No  Legal  Advice From the Company.  The Investor acknowledges
that  it  had  the  opportunity  to  review  this Agreement and the transactions
contemplated  by this Agreement with his or its own legal counsel and investment
and  tax  advisors.  The Investor is relying solely on such counsel and advisors
and  not  on  any  statements  or  representations  of the Company or any of its
representatives  or  agents  for legal, tax or investment advice with respect to
this  investment,  the  transactions  contemplated  by  this  Agreement  or  the
securities  laws  of  any  jurisdiction.

Section  3.4.     Investment  Purpose. The securities are being purchased by the
Investor  for  its  own  account,  for  investment  and  without any view to the
distribution, assignment or resale to others or fractionalization in whole or in
part.  The  Investor  agrees not to assign or in any way transfer the Investor's
rights  to  the  securities  or  any  interest therein and acknowledges that the
Company  will  not  recognize  any  purported  assignment  or transfer except in
accordance  with  applicable Federal and state securities laws.  No other person
has  or  will  have  a direct or indirect beneficial interest in the securities.
The  Investor  agrees  not  to  sell,  hypothecate  or  otherwise  transfer  the
Investor's  securities  unless  the  securities are registered under Federal and
applicable  state  securities  laws  or  unless,  in  the  opinion  of  counsel
satisfactory  to  the  Company,  an  exemption  from  such  laws  is  available.

Section  3.5.     Accredited Investor.  The Investor is an "Accredited Investor"
as that term is defined in Rule 501(a)(3) of Regulation D of the Securities Act.

Section  3.6.     Information.  The Investor and its advisors (and its counsel),
if  any,  have  been  furnished  with  all  materials  relating to the business,
finances  and  operations  of  the Company and information it deemed material to
making  an informed investment decision.  The Investor and its advisors, if any,
have  been  afforded  the  opportunity  to  ask questions of the Company and its
management.  Neither  such  inquiries nor any other due diligence investigations
conducted by such Investor or its advisors, if any, or its representatives shall
modify,  amend  or  affect  the  Investor's  right  to  rely  on  the  Company's
representations  and  warranties  contained  in  this  Agreement. The   Investor
understands that its investment involves a high degree of risk.  The Investor is
in  a  position  regarding  the  Company,  which,  based upon employment, family
relationship  or economic bargaining power, enabled and enables such Investor to
obtain information from the Company in order to evaluate the merits and risks of
this investment.  The Investor has sought such accounting, legal and tax advice,
as  it  has  considered  necessary  to make an informed investment decision with
respect  to  this  transaction.

Section 3.7.     Receipt of Documents. The Investor and its counsel has received
and read in their entirety:  (i) this Agreement and the Exhibits annexed hereto;
(ii)  all  due  diligence and other information necessary to verify the accuracy
and  completeness  of  such representations, warranties and covenants; (iii) the
Company  has  not  provided  the Investor with the Company's Form 10-KSB for the
year  ended  year  ended  December 31, 2002 and Form 10-QSB for the period ended
March  31, 2003; and (iv) answers to all questions the Investor submitted to the
Company  regarding  an investment in the Company; and the Investor has relied on
the  information  contained  therein  and  has  not  been  furnished  any  other
documents,  literature,  memorandum  or  prospectus.

Section  3.8.     Registration  Rights  Agreement  and  Escrow  Agreement.  The
parties  have  entered  into  the  Registration  Rights Agreement and the Escrow
Agreement,  each  dated  the  date  hereof.

Section  3.9.     No  General Solicitation.  Neither the Company, nor any of its
affiliates,  nor  any  person  acting on its or their behalf, has engaged in any
form  of  general  solicitation  or  general  advertising (within the meaning of
Regulation  D  under the Securities Act) in connection with the offer or sale of
the  shares  of  Common  Stock  offered  hereby.

Section 3.10.     Not an Affiliate.  The Investor is not an officer, director or
a  person  that  directly,  or  indirectly  through  one or more intermediaries,
controls or is controlled by, or is under common control with the Company or any
"Affiliate"  of  the  Company  (as  that  term  is  defined  in  Rule 405 of the
Securities  Act).  Neither  the  Investor  nor  its Affiliates has an open short
position  in  the  Common  Stock of the Company, and the Investor agrees that it
will  not,  and  that  it  will cause its Affiliates not to, engage in any short
sales of or hedging transactions with respect to the Common Stock, provided that
the  Company  acknowledges and agrees that upon receipt of an Advance Notice the
Investor  will  sell  the  Shares  to  be issued to the Investor pursuant to the
Advance  Notice,  even  if  the  Shares have not been delivered to the Investor.

                                   ARTICLE IV.

                  Representations and Warranties of the Company

     Except  as  stated below, on the disclosure schedules attached hereto or in
the  SEC  Documents  (as  defined  herein),  the  Company  hereby represents and
warrants  to,  and  covenants with, the Investor that the following are true and
correct  as  of  the  date  hereof:

     Section  4.1.     Organization  and  Qualification.  The  Company  is  duly
incorporated  or  organized  and  validly  existing  in  the jurisdiction of its
incorporation  or  organization  and  has  all  requisite  power  and  authority
corporate  power to own its properties and to carry on its business as now being
conducted.  Each  of  the  Company  and  its subsidiaries is duly qualified as a
foreign corporation to do business and is in good standing in every jurisdiction
in  which  the  nature  of the business conducted by it makes such qualification
necessary,  except  to  the  extent that the failure to be so qualified or be in
good  standing  would  not have a Material Adverse Effect on the Company and its
subsidiaries  taken  as  a  whole.

     Section  4.2.     Authorization,  Enforcement,  Compliance  with  Other
Instruments.  (i) The Company has the requisite corporate power and authority to
enter  into  and  perform this Agreement, the Registration Rights Agreement, the
Escrow  Agreement,  the Placement Agent Agreement and any related agreements, in
accordance with the terms hereof and thereof, (ii) the execution and delivery of
this  Agreement,  the  Registration  Rights Agreement, the Escrow Agreement, the
Placement  Agent  Agreement  and  any  related agreements by the Company and the
consummation  by  it  of  the transactions contemplated hereby and thereby, have
been  duly authorized by the Company's Board of Directors and no further consent
or  authorization  is  required  by  the  Company, its Board of Directors or its
stockholders,  (iii)  this  Agreement,  the  Registration  Rights Agreement, the
Escrow  Agreement, the Placement Agent Agreement and any related agreements have
been  duly  executed  and  delivered  by  the  Company, (iv) this Agreement, the
Registration  Rights  Agreement,  the  Escrow  Agreement,  the  Placement  Agent
Agreement  and assuming the execution and delivery thereof and acceptance by the
Investor and any related agreements constitute the valid and binding obligations
of  the  Company enforceable against the Company in accordance with their terms,
except  as such enforceability may be limited by general principles of equity or
applicable  bankruptcy,  insolvency,  reorganization, moratorium, liquidation or
similar  laws relating to, or affecting generally, the enforcement of creditors'
rights  and  remedies.

Section  4.3.     Capitalization.  As of the date hereof, the authorized capital
stock  of  the  Company consists of 50,000,000 shares of Common Stock, par value
$.001  per share and no shares of Preferred Stock of which ______________ shares
of  Common  Stock  were  issued and outstanding.  All of such outstanding shares
have  been  validly  issued  and  are  fully  paid and nonassessable.  Except as
disclosed  in  the  SEC  Documents,  no  shares  of  Common Stock are subject to
preemptive  rights  or  any  other  similar  rights or any liens or encumbrances
suffered or permitted by the Company.  Except as disclosed in the SEC Documents,
as  of  the  date hereof, (i) there are no outstanding options, warrants, scrip,
rights  to  subscribe  to,  calls  or  commitments  of  any character whatsoever
relating  to,  or  securities  or rights convertible into, any shares of capital
stock  of  the  Company  or  any of its subsidiaries, or contracts, commitments,
understandings  or  arrangements by which the Company or any of its subsidiaries
is  or  may  become  bound  to  issue  additional shares of capital stock of the
Company  or  any  of  its  subsidiaries  or  options, warrants, scrip, rights to
subscribe  to,  calls or commitments of any character whatsoever relating to, or
securities  or  rights  convertible  into,  any  shares  of capital stock of the
Company  or  any  of  its  subsidiaries,  (ii)  there  are  no  outstanding debt
securities  (iii) there are no outstanding registration statements other than on
Form  S-8  and  (iv)  there  are  no  agreements or arrangements under which the
Company  or  any of its subsidiaries is obligated to register the sale of any of
their  securities  under the Securities Act (except pursuant to the Registration
Rights  Agreement).  There  are  no  securities  or  instruments  containing
anti-dilution  or similar provisions that will be triggered by this Agreement or
any  related  agreement or the consummation of the transactions described herein
or  therein.  The  Company has furnished to the Investor true and correct copies
of  the  Company's  Certificate of Incorporation, as amended and as in effect on
the date hereof (the "Certificate of Incorporation"), and the Company's By-laws,
as in effect on the date hereof (the "By-laws"), and the terms of all securities
convertible  into or exercisable for Common Stock and the material rights of the
holders  thereof  in  respect  thereto.

     Section  4.4.     No  Conflict.  The execution, delivery and performance of
this  Agreement  by  the  Company  and  the  consummation  by the Company of the
transactions  contemplated  hereby  will  not  (i)  result in a violation of the
Certificate of Incorporation, any certificate of designations of any outstanding
series  of  preferred  stock  of the Company or By-laws or (ii) conflict with or
constitute  a  default  (or  an event which with notice or lapse of time or both
would  become  a  default)  under,  or give to others any rights of termination,
amendment,  acceleration  or  cancellation  of,  any  agreement,  indenture  or
instrument to which the Company or any of its subsidiaries is a party, or result
in  a  violation  of  any  law,  rule,  regulation,  order,  judgment  or decree
(including  federal  and state securities laws and regulations and the rules and
regulations  of  the  Principal  Market  on  which  the  Common Stock is quoted)
applicable  to  the  Company or any of its subsidiaries or by which any material
property or asset of the Company or any of its subsidiaries is bound or affected
and which would cause a Material Adverse Effect.  Except as disclosed in the SEC
Documents,  neither the Company nor its subsidiaries is in violation of any term
of  or  in  default  under  its Certificate of Incorporation or By-laws or their
organizational  charter  or  by-laws,  respectively,  or  any material contract,
agreement,  mortgage,  indebtedness,  indenture, instrument, judgment, decree or
order  or  any  statute,  rule  or  regulation  applicable to the Company or its
subsidiaries.  The  business  of  the  Company and its subsidiaries is not being
conducted  in  violation  of  any  material  law,  ordinance,  regulation of any
governmental  entity.  Except as specifically contemplated by this Agreement and
as  required  under the Securities Act and any applicable state securities laws,
the Company is not required to obtain any consent, authorization or order of, or
make  any filing or registration with, any court or governmental agency in order
for  it  to  execute,  deliver  or  perform  any  of  its  obligations  under or
contemplated  by  this  Agreement  or  the  Registration  Rights  Agreement  in
accordance  with  the  terms  hereof  or thereof.  All consents, authorizations,
orders,  filings  and  registrations  which  the  Company  is required to obtain
pursuant to the preceding sentence have been obtained or effected on or prior to
the  date  hereof.  The  Company and its subsidiaries are unaware of any fact or
circumstance  which  might  give  rise  to  any  of  the  foregoing.

     Section  4.5.     SEC Documents; Financial Statements.  Except as disclosed
to  the  Investor,  since  January  1999,  the  Company  has  filed all reports,
schedules, forms, statements and other documents required to be filed by it with
the SEC under of the Exchange Act.  The Company has delivered to the Investor or
its  representatives,  or  made  available  through  the  SEC's  website  at
http://www.sec.gov,  true and complete copies of the SEC Documents.  As of their
respective  dates,  the  financial  statements  of  the Company  (the "Financial
Statements")  complied  as  to  form  in  all  material respects with applicable
accounting  requirements and the published rules and regulations of the SEC with
respect  thereto.  Such  financial  statements  have been prepared in accordance
with  generally accepted accounting principles, consistently applied, during the
periods  involved  (except  (i)  as may be otherwise indicated in such financial
statements  or  the  notes  thereto,  or  (ii)  in the case of unaudited interim
statements,  to  the  extent  they  may exclude footnotes or may be condensed or
summary  statements)  and, fairly present in all material respects the financial
position  of  the  Company  as  of  the  dates  thereof  and  the results of its
operations  and  cash  flows for the periods then ended (subject, in the case of
unaudited  statements,  to  normal  year-end  audit  adjustments).  No  other
information provided by or on behalf of the Company to the Investor which is not
included  in  the SEC Documents contains any untrue statement of a material fact
or  omits  to  state any material fact necessary in order to make the statements
therein,  in  the  light  of  the  circumstances under which they were made, not
misleading.

     Section 4.6.     10b-5.     The Company represents to the Investor that the
SEC Documents do not include any untrue statements of material fact, nor do they
omit  to state any material fact required to be stated therein necessary to make
the  statements  made, in light of the circumstances under which they were made,
not  misleading.

     Section  4.7.     No  Default.  The Company represents to the Investor that
the  Company  is not in default in the performance or observance of any material
obligation,  agreement,  covenant  or  condition  contained  in  any  indenture,
mortgage, deed of trust or other material instrument or agreement to which it is
a  party  or  by which it is or its property is bound and neither the execution,
nor  the  delivery  by  the  Company,  nor the performance by the Company of its
obligations  under  this  Agreement or any of the exhibits or attachments hereto
will  conflict  with or result in the breach or violation of any of the terms or
provisions  of,  or constitute a default or result in the creation or imposition
of  any  lien  or  charge  on  any assets or properties of the Company under its
Certificate of Incorporation, By-Laws, any material indenture, mortgage, deed of
trust  or  other  material  agreement applicable to the Company or instrument to
which  the  Company  is  a party or by which it is bound, or any statute, or any
decree, judgment, order, rules or regulation of any court or governmental agency
or  body  having  jurisdiction  over the Company or its properties, in each case
which  default,  lien  or charge is likely to cause a Material Adverse Effect on
the  Company's  business  or  financial  condition.

     Section  4.8.     Absence  of Events of Default.  The Company represents to
the  Investor  that except for matters described in  this Agreement, no Event of
Default, as defined in the respective agreement to which the Company is a party,
and  no  event  which, with the giving of notice or the passage of time or both,
would  become  an  Event  of  Default  (as  so  defined),  has  occurred  and is
continuing,  which  would  have  a  Material  Adverse  Effect  on  the Company's
business,  properties,  prospects, financial condition or results of operations.

Section 4.9.     Intellectual Property Rights.  The Company and its subsidiaries
own or possess adequate rights or licenses to use all material trademarks, trade
names, service marks, service mark registrations, service names, patents, patent
rights,  copyrights,  inventions,  licenses,  approvals,  governmental
authorizations,  trade  secrets and rights necessary to conduct their respective
businesses  as now conducted.   The Company and its subsidiaries do not have any
knowledge  of  any infringement by the Company or its subsidiaries of trademark,
trade  name  rights,  patents,  patent rights, copyrights, inventions, licenses,
service  names, service marks, service mark registrations, trade secret or other
similar  rights  of  others,  and,  to the knowledge of the Company, there is no
claim,  action  or proceeding being made or brought against, or to the Company's
knowledge,  being  threatened against, the Company or its subsidiaries regarding
trademark,  trade  name,  patents, patent rights, invention, copyright, license,
service  names, service marks, service mark registrations, trade secret or other
infringement;  and  the Company and its subsidiaries are unaware of any facts or
circumstances  which  might  give  rise  to  any  of  the  foregoing.

Section  4.10.     Employee  Relations.  Neither  the  Company  nor  any  of its
subsidiaries  is  involved  in  any  labor  dispute nor, to the knowledge of the
Company or any of its subsidiaries, is any such dispute threatened.  None of the
Company's  or its subsidiaries' employees is a member of a union and the Company
and its subsidiaries believe that their relations with their employees are good.

     Section 4.11.     Environmental Laws.  The Company and its subsidiaries are
(i)  in  compliance with any and all applicable material foreign, federal, state
and  local  laws  and regulations relating to the protection of human health and
safety,  the  environment or hazardous or toxic substances or wastes, pollutants
or contaminants ("Environmental Laws"), (ii) have received all permits, licenses
or  other  approvals  required  of  them  under applicable Environmental Laws to
conduct  their  respective businesses and (iii) are in compliance with all terms
and  conditions  of  any  such  permit,  license  or  approval.

     Section  4.12.     Title.  The  Company represents to the Investor that the
Company  has  good  and  marketable  title to its properties and material assets
owned by it, free and clear of any pledge, lien, security interest, encumbrance,
claim  or equitable interest other than such as are not material to the business
of  the  Company.  Any  real  property  and  facilities  held under lease by the
Company  and  its  subsidiaries  are  held  by  them under valid, subsisting and
enforceable leases with such exceptions as are not material and do not interfere
with  the use made and proposed to be made of such property and buildings by the
Company  and  its  subsidiaries.

     Section  4.13.     Insurance.  The Company and each of its subsidiaries are
insured  by  insurers of recognized financial responsibility against such losses
and  risks  and  in  such  amounts  as  management of the Company believes to be
prudent  and  customary  in  the  businesses  in  which  the  Company  and  its
subsidiaries  are engaged.  Neither the Company nor any such subsidiary has been
refused any insurance coverage sought or applied for and neither the Company nor
any  such subsidiary has any reason to believe that it will not be able to renew
its  existing  insurance coverage as and when such coverage expires or to obtain
similar  coverage  from  similar  insurers  as  may be necessary to continue its
business at a cost that would not materially and adversely affect the condition,
financial  or  otherwise, or the earnings, business or operations of the Company
and  its  subsidiaries,  taken  as  a  whole.

Section  4.14.     Regulatory Permits.  The Company and its subsidiaries possess
all  material certificates, authorizations and permits issued by the appropriate
federal,  state  or  foreign  regulatory  authorities necessary to conduct their
respective  businesses,  and  neither  the  Company  nor any such subsidiary has
received any notice of proceedings relating to the revocation or modification of
any  such  certificate,  authorization  or  permit.

Section  4.15.     Internal  Accounting  Controls.  The  Company and each of its
subsidiaries  maintain  a  system  of internal accounting controls sufficient to
provide  reasonable  assurance  that (i) transactions are executed in accordance
with  management's  general  or  specific  authorizations, (ii) transactions are
recorded  as  necessary  to  permit  preparation  of  financial  statements  in
conformity  with  generally accepted accounting principles and to maintain asset
accountability,  (iii)  access  to  assets  is permitted only in accordance with
management's  general  or  specific  authorization  and  (iv)  the  recorded
accountability  for  assets  is  compared with the existing assets at reasonable
intervals  and  appropriate  action  is  taken  with respect to any differences.

     Section  4.16.     No  Material  Adverse  Breaches,  etc.  The  Company
represents to the Investor that  neither the Company nor any of its subsidiaries
is  subject  to  any  charter,  corporate  or  other  legal  restriction, or any
judgment,  decree,  order,  rule  or  regulation  which  in  the judgment of the
Company's  officers  has or is expected in the future to have a Material Adverse
Effect  on the business, properties, operations, financial condition, results of
operations or prospects of the Company or its subsidiaries.  Except as set forth
in  the  SEC  Documents,  neither  the Company nor any of its subsidiaries is in
breach  of  any  contract  or  agreement  which  breach,  in the judgment of the
Company's  officers, has or is expected to have a Material Adverse Effect on the
business,  properties, operations, financial condition, results of operations or
prospects  of  the  Company  or  its  subsidiaries.

     Section  4.17.     Absence  of  Litigation.  The  Company represents to the
Investor  that  there  is  no action, suit, proceeding, inquiry or investigation
before  or  by  any  court,  public  board,  government  agency, self-regulatory
organization  or body pending against or affecting the Company, the Common Stock
or any of the Company's subsidiaries, wherein an unfavorable decision, ruling or
finding  would  (i)  have  a  Material  Adverse  Effect  on  the  transactions
contemplated  hereby (ii) adversely affect the validity or enforceability of, or
the  authority  or ability of the Company to perform its obligations under, this
Agreement  or  any  of  the  documents  contemplated  herein, or (iii) except as
expressly  disclosed in the SEC Documents, have a Material Adverse Effect on the
business, operations, properties, financial condition or results of operation of
the  Company  and  its  subsidiaries  taken  as  a  whole.

     Section  4.18.     Subsidiaries.  The  Company  represents  to the Investor
that  the Company does not presently own or control, directly or indirectly, any
interest  in  any  other corporation, partnership, association or other business
entity.

Section 4.19.     Tax Status.  The Company and each of its subsidiaries has made
or  filed  all  federal  and state income and all other tax returns, reports and
declarations required by any jurisdiction to which it is subject and (unless and
only  to  the extent that the Company and each of its subsidiaries has set aside
on  its  books  provisions reasonably adequate for the payment of all unpaid and
unreported  taxes)  has  paid  all  taxes and other governmental assessments and
charges  that  are  material  in  amount,  shown or determined to be due on such
returns,  reports  and  declarations, except those being contested in good faith
and  has set aside on its books provision reasonably adequate for the payment of
all  taxes  for periods subsequent to the periods to which such returns, reports
or declarations apply.  There are no unpaid taxes in any material amount claimed
to  be  due by the taxing authority of any jurisdiction, and the officers of the
Company  know  of  no  basis  for  any  such  claim.

Section  4.20.     Certain Transactions.  The Company represents to the Investor
that  none  of the officers, directors, or employees of the Company is presently
a  party  to  any  transaction  with  the  Company  (other  than for services as
employees,  officers  and directors), including any contract, agreement or other
arrangement  providing  for  the  furnishing of services to or by, providing for
rental  of real or personal property to or from, or otherwise requiring payments
to  or  from  any officer, director or such employee or, to the knowledge of the
Company,  any  corporation,  partnership,  trust  or  other  entity in which any
officer,  director,  or  any  such  employee has a substantial interest or is an
officer,  director,  trustee  or  partner.

Section  4.21.     Fees  and Rights of First Refusal.  The Company represents to
the  Investor that  the Company is not obligated to offer the securities offered
hereunder  on  a  right of first refusal basis or otherwise to any third parties
including,  but  not  limited to, current or former shareholders of the Company,
underwriters,  brokers,  agents  or  other  third  parties.

Section 4.22.     Use of Proceeds.  The Company represents that the net proceeds
from  this offering will be used for general corporate purposes.  However, in no
event  shall  the net proceeds from this offering be used by the Company for the
payment (or loaned to any such person for the payment) of any judgment, or other
liability,  incurred  by any executive officer, officer, director or employee of
the Company, except for any liability owed to such person for services rendered,
or  if  any  judgment  or other liability is incurred by such person originating
from  services  rendered  to  the  Company,  or the Company has indemnified such
person  from  liability.

Section  4.23.     Further Representation and Warranties of the Company.  For so
long  as  any  securities  issuable  hereunder  held  by  the  Investor  remain
outstanding,  the  Company acknowledges, represents, warrants and agrees that it
will  maintain  the  listing  of  its  Common  Stock  on  the  Principal  Market

Section  4.24.     Opinion of Counsel.  Investor shall receive an opinion letter
from  Richard Cutler, P.C., counsel to the Company (updated where applicable) on
the  date  hereof.

Section 4.25.     Opinion of Counsel.  The Company will obtain for the Investor,
at  the  Company's  expense,  any  and  all  opinions  of  counsel  which may be
reasonably  required  in order to sell the securities issuable hereunder without
restriction.

Section 4.26.     Dilution.  The Company is aware and acknowledges that issuance
of  shares  of  the  Company's  Common  Stock  could  cause dilution to existing
shareholders  and  could significantly increase the outstanding number of shares
of  Common  Stock.

                                   ARTICLE V.

                                 Indemnification

     The  Investor  and  the  Company  represent to the other the following with
respect  to  itself:

     Section  5.1.     Indemnification.

     (a)     In  consideration  of the Investor's execution and delivery of this
Agreement,  and in addition to all of the Company's other obligations under this
Agreement,  the  Company  shall defend, protect, indemnify and hold harmless the
Investor,  and  all  of  its officers, directors, partners, employees and agents
(including,  without  limitation,  those  retained  in  connection  with  the
transactions  contemplated  by  this  Agreement)  (collectively,  the  "Investor
Indemnitees")  from  and  against  any and all actions, causes of action, suits,
claims, losses, costs, penalties, fees, liabilities and damages, and expenses in
connection  therewith (irrespective of whether any such Investor Indemnitee is a
party  to  the  action  for  which  indemnification  hereunder  is  sought), and
including  reasonable  attorneys'  fees  and  disbursements  (the  "Indemnified
Liabilities"),  incurred  by the Investor Indemnitees or any of them as a result
of, or arising out of, or relating to (a) any misrepresentation or breach of any
representation  or  warranty  made  by  the  Company  in  this  Agreement or the
Registration  Rights  Agreement or any other certificate, instrument or document
contemplated  hereby  or  thereby,  (b) any breach of any covenant, agreement or
obligation of the Company contained in this Agreement or the Registration Rights
Agreement  or  any other certificate, instrument or document contemplated hereby
or  thereby,  or  (c) any cause of action, suit or claim brought or made against
such  Investor  Indemnitee  not  arising  out  of  any  action or inaction of an
Investor  Indemnitee,  and  arising  out  of  or  resulting  from the execution,
delivery,  performance or enforcement of this Agreement or any other instrument,
document  or  agreement  executed  pursuant  hereto  by  any  of  the  Investor
Indemnitees.  To the extent that the foregoing undertaking by the Company may be
unenforceable for any reason, the Company shall make the maximum contribution to
the  payment  and  satisfaction of each of the Indemnified Liabilities, which is
permissible  under  applicable  law.

     (b)     In  consideration  of  the Company's execution and delivery of this
Agreement, and in addition to all of the Investor's other obligations under this
Agreement,  the  Investor shall defend, protect, indemnify and hold harmless the
Company  and  all of its officers, directors, shareholders, employees and agents
(including,  without  limitation,  those  retained  in  connection  with  the
transactions  contemplated  by  this  Agreement)  (collectively,  the  "Company
Indemnitees")  from  and against any and all Indemnified Liabilities incurred by
the  Company  Indemnitees  or  any of them as a result of, or arising out of, or
relating  to  (a)  any  misrepresentation  or  breach  of  any representation or
warranty  made  by  the  Investor  in  this  Agreement,  the Registration Rights
Agreement, or any instrument or document contemplated hereby or thereby executed
by  the Investor, (b) any breach of any covenant, agreement or obligation of the
Investor(s)  contained  in this Agreement,  the Registration Rights Agreement or
any  other  certificate,  instrument  or document contemplated hereby or thereby
executed  by  the Investor, or (c) any cause of action, suit or claim brought or
made  against  such  Company Indemnitee based on  misrepresentations or due to a
breach  by  the  Investor  and  arising  out of or resulting from the execution,
delivery,  performance or enforcement of this Agreement or any other instrument,
document  or  agreement  executed  pursuant  hereto  by  any  of  the  Company
Indemnitees.  To  the  extent that the foregoing undertaking by the Investor may
be  unenforceable  for  any  reason,  the  Investor  shall  make  the  maximum
contribution  to  the  payment  and  satisfaction  of  each  of  the Indemnified
Liabilities,  which  is  permissible  under  applicable  law.

                                   ARTICLE VI.

                            Covenants of the Company

     Section  6.1.     Registration  Rights.  The  Company  shall  cause  the
Registration Rights Agreement to remain in full force and effect and the Company
shall  comply  in  all  material  respects  with  the  terms  thereof.

     Section  6.2.     Listing  of  Common  Stock.  The Company shall obtain and
maintain  the  Common  Stock's  authorization  for  quotation  on  the  National
Association  of Securities Dealers Inc's Over the Counter Bulletin Board or BBX.

Section  6.3.     Exchange  Act Registration.  The Company will cause its Common
Stock  to  be  and continue to be registered under Section 12(g) of the Exchange
Act, will file in a timely manner all reports and other documents required of it
as  a  reporting  company under the Exchange Act and will not take any action or
file  any  document (whether or not permitted by Exchange Act or the rules there
under  to  terminate or suspend such registration or to terminate or suspend its
reporting  and  filing  obligations  under  said  Exchange  Act.

Section  6.4.     Transfer  Agent  Instructions.     Not  later  than  two  (2)
business  days  after each Advance Notice Date and prior to each Closing and the
effectiveness  of  the  Registration Statement and resale of the Common Stock by
the  Investor,  the  Company  will deliver instructions to its transfer agent to
issue  shares  of  Common  Stock  free  of  restrictive  legends.

Section 6.5.     Corporate Existence.  The Company will take all steps necessary
to  preserve  and  continue  the  corporate  existence  of  the  Company.

Section  6.6.     Notice of Certain Events Affecting Registration; Suspension of
Right to Make an Advance.  The Company will immediately notify the Investor upon
its  becoming  aware of the occurrence of any of the following events in respect
of  a  registration  statement  or related prospectus relating to an offering of
Registrable Securities: (i) receipt of any request for additional information by
the  SEC  or any other Federal or state governmental authority during the period
of  effectiveness of the Registration Statement for amendments or supplements to
the  registration  statement or related prospectus; (ii) the issuance by the SEC
or  any  other  Federal  or  state  governmental  authority  of  any  stop order
suspending  the effectiveness of the Registration Statement or the initiation of
any proceedings for that purpose; (iii) receipt of any notification with respect
to the suspension of the qualification or exemption from qualification of any of
the  Registrable  Securities  for  sale in any jurisdiction or the initiation or
threatening  of any proceeding for such purpose; (iv) the happening of any event
that  makes  any  statement  made  in  the  Registration  Statement  or  related
prospectus  of any document incorporated or deemed to be incorporated therein by
reference  untrue  in  any  material  respect or that requires the making of any
changes  in the Registration Statement, related prospectus or documents so that,
in  the  case  of  the  Registration  Statement,  it will not contain any untrue
statement  of  a material fact or omit to state any material fact required to be
stated  therein  or necessary to make the statements therein not misleading, and
that  in  the  case  of  the  related prospectus, it will not contain any untrue
statement  of  a material fact or omit to state any material fact required to be
stated  therein or necessary to make the statements therein, in the light of the
circumstances  under which they were made, not misleading; and (v) the Company's
reasonable  determination  that  a  post-effective amendment to the Registration
Statement  would be appropriate; and the Company will promptly make available to
the  Investor  any  such supplement or amendment to the related prospectus.  The
Company  shall  not  deliver  to  the  Investor  any  Advance  Notice during the
continuation  of  any  of  the  foregoing  events.

Section  6.7.     Expectations  Regarding Advance Notices.  Within ten (10) days
after  the  commencement  of  each  calendar quarter occurring subsequent to the
commencement  of the Commitment Period, the Company must notify the Investor, in
writing, as to its reasonable expectations as to the dollar amount it intends to
raise  during  such  calendar  quarter,  if any, through the issuance of Advance
Notices.  Such  notification  shall  constitute  only  the  Company's good faith
estimate  and  shall in no way obligate the Company to raise such amount, or any
amount,  or otherwise limit its ability to deliver Advance Notices.  The failure
by  the  Company  to  comply  with  this provision can be cured by the Company's
notifying  the  Investor,  in  writing,  at  any  time  as  to  its  reasonable
expectations  with  respect  to  the  current  calendar  quarter.

Section  6.8.     Restriction  on  Sale of Capital Stock.  During the Commitment
Period,  the  Company  shall not issue or sell (i) any Common Stock or Preferred
Stock  without  consideration or for a consideration per share less than the bid
price  of  the  Common  Stock determined immediately prior to its issuance, (ii)
issue  or  sell  any  Preferred Stock warrant, option, right, contract, call, or
other  security  or  instrument granting the holder thereof the right to acquire
Common  Stock  without  consideration or for a consideration per share less than
such  Common  Stock's Bid Price determined immediately prior to its issuance, or
(iii)  file  any  registration  statement  on  Form  S-8.

Section  6.9.     Consolidation;  Merger.  The  Company  shall  not, at any time
after the date hereof, effect any merger or consolidation of the Company with or
into,  or  a  transfer  of all or substantially all the assets of the Company to
another  entity  (a  "Consolidation  Event")  unless  the resulting successor or
acquiring  entity  (if  not  the  Company)  assumes  by  written  instrument the
obligation  to deliver to the Investor such shares of stock and/or securities as
the  Investor  is  entitled  to  receive  pursuant  to  this  Agreement.

Section  6.10.     Issuance  of  the  Company's  Common  Stock.  The sale of the
shares  of  Common  Stock  shall  be  made in accordance with the provisions and
requirements  of  Regulation  D  and  any  applicable  state  securities  law.

                                  ARTICLE VII.

                Conditions for Advance and Conditions to Closing

     Section  7.1.     Conditions  Precedent  to the Obligations of the Company.
The  obligation  hereunder of the Company to issue and sell the shares of Common
Stock  to  the Investor incident to each Closing is subject to the satisfaction,
or  waiver  by  the  Company,  at  or  before  each such Closing, of each of the
conditions  set  forth  below.

     (a)     Accuracy  of  the  Investor's  Representations and Warranties.  The
representations  and warranties of the Investor shall be true and correct in all
material  respects.

     (b)     Performance  by  the  Investor.  The Investor shall have performed,
satisfied  and  complied  in  all  respects  with  all covenants, agreements and
conditions  required  by this Agreement and the Registration Rights Agreement to
be  performed,  satisfied  or  complied with by the Investor at or prior to such
Closing.

     Section  7.2.     Conditions  Precedent  to  the  Right  of  the Company to
Deliver  an Advance Notice and the Obligation of the Investor to Purchase Shares
of  Common Stock.  The right of the Company to deliver an Advance Notice and the
obligation  of  the  Investor  hereunder  to  acquire  and pay for shares of the
Company's  Common  Stock  incident to a Closing is subject to the fulfillment by
the  Company,  on  (i)  the date of delivery of such Advance Notice and (ii) the
applicable  Advance  Date (each a "Condition Satisfaction Date"), of each of the
following  conditions:

          (a)     Listing  of  Common  Stock.  The  Company  shall  obtain  and
maintain  the  Common  Stock's  authorization  for  quotation  on  the  National
Association  of  Securities  Dealers  Inc's  Over  the  Counter  Bulletin Board.

     (b)     Exchange Act Registration.  The Company will cause its Common Stock
to  be  and  continue  to be registered under Section 12(g) of the Exchange Act,
will file in a timely manner all reports and other documents required of it as a
reporting  company  under  the Exchange Act and will not take any action or file
any  document (whether or not permitted by Exchange Act or the rules there under
to  terminate  or  suspend  such  registration  or  to  terminate or suspend its
reporting  and  filing  obligations  under  said  Exchange  Act.

     (c)     Registration  of  the Common Stock with the SEC.  The Company shall
have  filed  with the SEC a Registration Statement with respect to the resale of
the  Registrable  Securities  in  accordance  with the terms of the Registration
Rights  Agreement.  As  set  forth  in  the  Registration  Rights Agreement, the
Registration  Statement  shall have previously become effective and shall remain
effective  on  each  Condition Satisfaction Date and (i) neither the Company nor
the  Investor  shall  have received notice that the SEC has issued or intends to
issue  a  stop  order with respect to the Registration Statement or that the SEC
otherwise  has  suspended  or  withdrawn  the  effectiveness of the Registration
Statement, either temporarily or permanently, or intends or has threatened to do
so (unless the SEC's concerns have been addressed and the Investor is reasonably
satisfied that the SEC no longer is considering or intends to take such action),
and  (ii)  no  other suspension of the use or withdrawal of the effectiveness of
the  Registration Statement or related prospectus shall exist.  The Registration
Statement  must  have  been  declared  effective  by  the SEC prior to the first
Advance  Notice  Date.

     (d)     Authority.  The  Company  shall  have  obtained  all  permits  and
qualifications  required  by  any  applicable  state  in  accordance  with  the
Registration  Rights  Agreement  for  the offer and sale of the shares of Common
Stock,  or  shall  have the availability of exemptions there from.  The sale and
issuance  of  the  shares of Common Stock shall be legally permitted by all laws
and  regulations  to  which  the  Company  is  subject.

(e)     Fundamental  Changes.  There  shall not exist any fundamental changes to
the  information set forth in the Registration Statement which would require the
Company  to  file  a  post-effective  amendment  to  the Registration Statement.

(f)     Performance by the Company.  The Company shall have performed, satisfied
and  complied  in  all  material  respects  with  all  covenants, agreements and
conditions  required  by  this  Agreement  (including,  without  limitation, the
conditions  specified  in  Section  2.5  hereof)  and  the  Registration  Rights
Agreement to be performed, satisfied or complied with by the Company at or prior
to  each  Condition  Satisfaction  Date.

(g)     No  Injunction.  No  statute, rule, regulation, executive order, decree,
ruling  or  injunction shall have been enacted, entered, promulgated or endorsed
by  any court or governmental authority of competent jurisdiction that prohibits
or  directly  and adversely affects any of the transactions contemplated by this
Agreement,  and no proceeding shall have been commenced that may have the effect
of  prohibiting  or  adversely affecting any of the transactions contemplated by
this  Agreement.

(h)     No  Suspension  of Trading in or Delisting of Common Stock.  The trading
of  the Common Stock is not suspended by the SEC or the Principal Market (if the
Common Stock is traded on a Principal Market).  The issuance of shares of Common
Stock  with  respect  to  the  applicable Closing, if any, shall not violate the
shareholder  approval  requirements of the Principal Market (if the Common Stock
is  traded  on  a  Principal  market).  The  Company shall not have received any
notice  threatening  the  continued listing of the Common Stock on the Principal
Market  (if  the  Common  Stock  is  traded  on  a  Principal  Market).

(i)     Maximum  Advance Amount.  The amount of the individual Advance requested
by  the  Company does not exceed the Maximum Advance Amount.  In addition, in no
event shall the number of shares issuable to the Investor pursuant to an Advance
cause  the Investor to own in excess of nine and 9/10 percent (9.9%) of the then
outstanding  Common  Stock  of  the  Company.

(j)     No  Knowledge.  The  Company  has  no knowledge of any event more likely
than  not  to  have  the  effect  of  causing  such Registration Statement to be
suspended  or  otherwise  ineffective.

(k)     Other.  On  each  Condition  Satisfaction  Date, the Investor shall have
received  the  certificate  executed by an officer of the Company in the form of
Exhibit  A  attached  hereto.

                                  ARTICLE VIII.

         Due Diligence Review; Non-Disclosure of Non-Public Information

     Section  8.1.     Due  Diligence  Review.  Prior  to  the  filing  of  the
Registration  Statement  the  Company  shall  make  available for inspection and
review  by  the  Investor,  advisors to and representatives of the Investor, any
underwriter  participating  in  any disposition of the Registrable Securities on
behalf  of  the  Investor  pursuant  to  the  Registration  Statement,  any such
registration  statement or amendment or supplement thereto or any blue sky, NASD
or  other  filing,  all financial and other records, all SEC Documents and other
filings  with  the  SEC, and all other corporate documents and properties of the
Company as may be reasonably necessary for the purpose of such review, and cause
the  Company's  officers, directors and employees to supply all such information
reasonably  requested  by  the  Investor  or any such representative, advisor or
underwriter  in  connection with such Registration Statement (including, without
limitation,  in response to all questions and other inquiries reasonably made or
submitted  by  any of them), prior to and from time to time after the filing and
effectiveness of the Registration Statement for the sole purpose of enabling the
Investor  and  such  representatives,  advisors  and  underwriters  and  their
respective  accountants  and  attorneys  to  conduct  initial  and  ongoing  due
diligence  with  respect  to  the  Company  and the accuracy of the Registration
Statement.

     Section  8.2.     Non-Disclosure  of  Non-Public  Information.

     (a)     The  Company  shall  not  disclose  non-public  information  to the
Investor,  advisors  to  or  representatives  of  the  Investor  unless prior to
disclosure  of such information the Company identifies such information as being
non-public  information  and  provides  the  Investor,  such  advisors  and
representatives  with  the  opportunity  to  accept  or  refuse  to  accept such
non-public  information  for  review.  The  Company  may,  as  a  condition  to
disclosing any non-public information hereunder, require the Investor's advisors
and representatives to enter into a confidentiality agreement in form reasonably
satisfactory  to  the  Company  and  the  Investor.

     (b)     Nothing  herein  shall  require  the Company to disclose non-public
information  to the Investor or its advisors or representatives, and the Company
represents  that it does not disseminate non-public information to any investors
who  purchase stock in the Company in a public offering, to money managers or to
securities  analysts, provided, however, that notwithstanding anything herein to
the  contrary, the Company will, as hereinabove provided, immediately notify the
advisors  and  representatives of the Investor and, if any, underwriters, of any
event  or  the existence of any circumstance (without any obligation to disclose
the  specific  event  or  circumstance)  of which it becomes aware, constituting
non-public  information (whether or not requested of the Company specifically or
generally  during  the  course  of  due  diligence by such persons or entities),
which, if not disclosed in the prospectus included in the Registration Statement
would  cause  such  prospectus  to  include a material misstatement or to omit a
material  fact  required  to  be stated therein in order to make the statements,
therein,  in light of the circumstances in which they were made, not misleading.
Nothing  contained  in  this  Section  8.2  shall be construed to mean that such
persons  or entities other than the Investor (without the written consent of the
Investor  prior  to  disclosure  of  such information) may not obtain non-public
information  in  the  course  of conducting due diligence in accordance with the
terms  of  this  Agreement  and nothing herein shall prevent any such persons or
entities  from  notifying  the  Company  of their opinion that based on such due
diligence  by such persons or entities, that the Registration Statement contains
an  untrue  statement  of  material fact or omits a material fact required to be
stated  in  the  Registration  Statement  or  necessary  to  make the statements
contained  therein,  in  light of the circumstances in which they were made, not
misleading.

                                   ARTICLE IX.

                           Choice of Law/Jurisdiction

     Section  9.1.     Governing  Law.  This  Agreement shall be governed by and
interpreted in accordance with the laws of the State of Nevada without regard to
the  principles  of conflict of laws.  The parties further agree that any action
between  them shall be heard in Hudson County, New Jersey, and expressly consent
to  the  jurisdiction  and venue of the Superior Court of New Jersey, sitting in
Hudson  County,  New  Jersey and the United States District Court of New Jersey,
sitting in Newark, New Jersey, for the adjudication of any civil action asserted
pursuant  to  this  paragraph.

                                   ARTICLE X.

                             Assignment; Termination

     Section 10.1.     Assignment.  Neither this Agreement nor any rights of the
Company  hereunder  may  be  assigned  to  any  other  Person.

     Section  10.2.     Termination.  The  obligations  of  the Investor to make
Advances  under  Article II hereof shall terminate twenty-four (24) months after
the  Effective  Date.

                                   ARTICLE XI.

                                     Notices

     Section  11.1.     Notices.  Any  notices,  consents,  waivers,  or  other
communications  required  or  permitted  to  be  given  under  the terms of this
Agreement  must be in writing and will be deemed to have been delivered (i) upon
receipt,  when  delivered personally; (ii) upon receipt, when sent by facsimile,
provided  a  copy  is  mailed  by U.S. certified mail, return receipt requested;
(iii)  three  (3)  days  after being sent by U.S. certified mail, return receipt
requested,  or  (iv)  one  (1)  day  after  deposit with a nationally recognized
overnight  delivery  service,  in  each  case properly addressed to the party to
receive  the  same.  The addresses and facsimile numbers for such communications
shall  be:

If  to  the  Company,  to:     Asia  Properties  Inc.
                               114  West  Magnolia  Street  -  Suite  400-115
                               Bellingham,  WA  98225
                               Attention:    Daniel  McKinney
                               Telephone:  (360)  392-2841
                               Facsimile:   (694)  535-8456

With  a  copy  to:             Richard  Cutler,  P.C.
                               3206  West  Wimbleton  Drive  -  Suite  100
                               Augusta,  GA  30909
                               Attention:     Richard  Cutler,  Esq.
                               Telephone:   (706)  737-6600
                               Facsimile:    (706)  738-1966

If  to  the  Investor(s):      Cornell  Capital  Partners,  LP
                               101  Hudson  Street  -Suite  3606
                               Jersey  City,  NJ  07302
                               Attention:  Mark  Angelo
                               Portfolio  Manager
                               Telephone:  (201)  985-8300
                               Facsimile:  (201)  985-8266

With  a  Copy  to:             Butler  Gonzalez  LLP
                               1000  Stuyvesant  Avenue  -  Suite  6
                               Union,  NJ  07083
                               Attention:  David  Gonzalez,  Esq.
                               Telephone:  (908)  810-8588
                               Facsimile:  (908)  810-0973

Each  party shall provide five (5) days' prior written notice to the other party
of  any  change  in  address  or  facsimile  number.

                                  ARTICLE XII.

                                  Miscellaneous

     Section  12.1.     Counterparts.   This Agreement may be executed in two or
more  identical  counterparts, all of which shall be considered one and the same
agreement  and shall become effective when counterparts have been signed by each
party  and  delivered  to  the  other party.  In the event any signature page is
delivered  by  facsimile  transmission,  the  party using such means of delivery
shall  cause  four  (4)  additional  original  executed  signature  pages  to be
physically  delivered  to  the other party within five (5) days of the execution
and  delivery  hereof.

     Section  12.2.     Entire Agreement; Amendments.  This Agreement supersedes
all  other  prior  oral or written agreements between the Investor, the Company,
their  affiliates and persons acting on their behalf with respect to the matters
discussed  herein,  and  this  Agreement  and  the instruments referenced herein
contain  the  entire  understanding  of  the parties with respect to the matters
covered  herein  and  therein  and,  except  as specifically set forth herein or
therein,  neither  the  Company  nor  the  Investor  makes  any  representation,
warranty, covenant or undertaking with respect to such matters.  No provision of
this  Agreement  may be waived or amended other than by an instrument in writing
signed  by  the  party  to  be  charged  with  enforcement.

Section  12.3.     Reporting  Entity for the Common Stock.  The reporting entity
relied  upon for the determination of the trading price or trading volume of the
Common  Stock  on any given Trading Day for the purposes of this Agreement shall
be  Bloomberg, L.P. or any successor thereto.  The written mutual consent of the
Investor and the Company shall be required to employ any other reporting entity.

Section  12.4.     Fees  and  Expenses.  The  Company  hereby  agrees to pay the
following  fees:

     (a)     Legal  Fees.  Each  of  the  parties  shall  pay  its  own fees and
expenses (including the fees of any attorneys, accountants, appraisers or others
engaged  by  such  party) in connection with this Agreement and the transactions
contemplated  hereby,  except  that  upon  the  execution  of this Agreement the
Company  will  pay  the  sum  of  Fifteen  Thousand Dollars ($15,000), to Butler
Gonzalez  LLP  for legal, administrative, and escrow fees.  Subsequently on each
advance  date, the Company will pay Butler Gonzalez LLP, the sum of Five Hundred
Dollars  ($500)  for  legal,  administrative  and  escrow  fees directly out the
proceeds  of  any  Advances  hereunder.

     (b)     Commitment  Fees.

     (i)     On  each  Advance  Date  the  Company  shall  pay  to the Investor,
directly  from  the  gross  proceeds  held  in  escrow, an amount equal to seven
percent  (7%)  of the amount of each Advance.  The Company hereby agrees that if
such  payment,  as is described above, is not made by the Company on the Advance
Date, such payment will be made at the direction of the Investor as outlined and
mandated  by  Section  2.3  of  this  Agreement.

     (ii)     Upon  the  execution  of this Agreement the Company shall issue to
the Investor ninety thousand (90,000) shares of the Company's Common Stock  (the
"Investor's  Shares").

(iii)     Fully  Earned.  The  Investor's Shares shall be deemed fully earned as
of  the  date  hereof.

(iv)     Registration  Rights.  The  Investor's  Shares  will  have "piggy-back"
registration  rights.

     Section 12.5.     Brokerage.  Each of the parties hereto represents that it
has  had  no  dealings  in  connection  with this transaction with any finder or
broker  who  will  demand payment of any fee or commission from the other party.
The  Company  on  the  one  hand,  and the Investor, on the other hand, agree to
indemnify  the  other  against  and  hold  the  other  harmless from any and all
liabilities  to  any  person  claiming brokerage commissions or finder's fees on
account  of  services  purported  to  have  been  rendered  on  behalf  of  the
indemnifying  party  in  connection  with  this  Agreement  or  the transactions
contemplated  hereby.

     Section  12.6.     Confidentiality.  If  for  any  reason  the transactions
contemplated  by  this Agreement are not consummated, each of the parties hereto
shall  keep  confidential  any information obtained from any other party (except
information  publicly  available  or  in  such  party's domain prior to the date
hereof,  and except as required by court order) and shall promptly return to the
other  parties  all  schedules,  documents,  instruments,  work  papers or other
written information without retaining copies thereof, previously furnished by it
as  a  result  of  this  Agreement  or  in  connection  herein.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

     IN  WITNESS  WHEREOF,  the  parties  hereto have caused this Line of Credit
Agreement  to  be  executed by the undersigned, thereunto duly authorized, as of
the  date  first  set  forth  above.
     COMPANY:
     ASIA  PROPERTIES  INC.

     By: /s/ Daniel McKinney
     Name:  Daniel  McKinney
     Title:  Chief  Executive  Officer

     INVESTOR:
     CORNELL  CAPITAL  PARTNERS,  LP

     By:  Yorkville  Advisors,  LLC
     Its:  General  Partner

     By:   /s/ Mark Angelo
     Name:  Mark  Angelo
     Title:  Portfolio  Manager

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