Document:

Exhibit 10.4

                                OPTION AGREEMENT

This Option  Agreement  (this  "Agreement")  is entered  into, as of November 1,
2005, in Zhejiang  China by Capital  Future  Development  Limited,  incorporated
under law of British  Virgin  Islands  ("Party  A"),  Zhejiang  Yong Xin Digital
Technology Co., Ltd., duly established  under law of People's Republic of China,
with a registered address at No. 315 Hu Shu Nan Rd, Gong Ye District,  Hangzhou,
China  ("Party  B") and  each of the  shareholders  of  Party  B  listed  on the
signature pages hereto (collectively, the "Party C"), Party A, Party B and Party
C are referred to collectively in this Agreement as the "Parties."

                                    RECITALS

1.   (1) Party A, a company duly incorporated under law of British Islands,  has
     the expertise in the business of digital products;

2.   (1) Party B is a limited company  incorporated in China,  and is engaged in
     the selling, circulation and modern logistics of 3C products (communication
     products,  information  technology ("IT") products and digital products) in
     China (the "Business");

3.   Party C is the shareholders of Party B. Party C has the ownership of [100%]
     equity interest in Party B.(each, an "Equity Interest" and collectively the
     "Equity Interest")

4.   A series agreements such as the Consulting Services Agreement (the "Service
     Agreement") have been entered into the Parties on November 1, 2005;

5.   An Equity Pledge Agreement (the "Equity Pledge Agreement") has been entered
     into by the Parties as of November 1, 2005;

6.   The Parties are entering into this Option Agreement in conjunction with the
     Pledge Agreement, Consulting Services Agreement and related agreements.
<PAGE>
NOW, THEREFORE, the Parties to this Agreement hereby agree as follows:

1. Purchase and Sale of Equity Interest

     1.1  Grant of Rights.  Party C (hereafter  collectively  the  "Transferor")
          hereby  irrevocably  grants to Party A an option to  purchase or cause
          any person  designated by Party A ("Designated  Persons") to purchase,
          to the  extent  permitted  under  PRC  Law,  according  to  the  steps
          determined  by Party A, at the price  specified in Section 1.3 of this
          Agreement,  at any time from the  Transferor  a portion  or all of the
          equity  interests  held by  Transferor in Party B (the  "Option").  No
          Option  shall be granted to any third  party other than Party A and/or
          the Designated  Persons.  Party B hereby agrees to the granting of the
          Option  by Party C to  Party A  and/or  the  Designated  Persons.  The
          "person"  set  forth  in this  clause  and  this  Agreement  means  an
          individual   person,   corporation,    joint   venture,   partnership,
          enterprise, trust or a non-corporation organization.

     1.2  Exercise  of Rights.  According  to the  stipulations  of PRC laws and
          regulation,  Party A and/or the Designated Persons may exercise Option
          by issuing a written  notice  (the  "Notice")  to the  Transferor  and
          specifying  the  equity   interest   purchased  from  Transferor  (the
          "Purchased Equity Interest") and the manner of purchase.

     1.3  Purchase Price.

          1.3.1  For Party A to exercise the Option,  the purchase  price of the
                 Purchased Equity Interest  ("Purchase Price") shall be equal to
                 the original  paid-in price of the Purchased Equity Interest by
                 the Transferor,  unless the applicable PRC laws and regulations
                 require  appraisal of the equity  interests or stipulate  other
                 restrictions on the purchase price of equity interests.

                                       2
<PAGE>
          1.3.2  If the  applicable  PRC laws  require  appraisal  of the equity
                 interests  or  stipulates  other  restrictions  on the purchase
                 price of the Equity  Interest at the time that Party A exercise
                 the Option,  the Parties agree that the Purchase Price shall be
                 set at the lowest price permissible under the applicable laws.

     1.4  Transfer of the Purchased Equity Interest.  Up[on each exercise of the
          Option rights under this Agreement:

          1.4.1  The  Transferor  shall ask Party C to  convene a  shareholders'
                 meeting. During the meeting, the resolutions shall be proposed,
                 approving the transfer of the  appropriate  Equity  Interest to
                 Party A and/or the Designated Persons;

          1.4.2  The  Transferor  shall,  upon the terms and  conditions of this
                 Agreement  and  the  Notice  related  to the  Purchased  Equity
                 Interest,  enter into Equity Interest  purchase  agreement in a
                 form reasonably  acceptable to Party A, with Party A and/or the
                 Designated Persons (as applicable);

          1.4.3  The  related   parties  shall   execute  all  other   requisite
                 contracts,   agreements  or  documents,  obtain  all  requisite
                 approval and consent of the  government,  conduct all necessary
                 actions,  without any  security  interest,  transfer  the valid
                 ownership of the  Purchased  Equity  Interest to Party A and/or
                 the Designated Persons, and cause Party A and/or the Designated
                 Persons  to be the  registered  owner of the  Purchased  Equity
                 Interest.   In  this  clause  and  this  Agreement,   "Security
                 Interest" means any mortgage,  pledge, the right or interest of
                 the third party, any purchase right of equity  interest,  right
                 of  acquisition,  right of  first  refusal,  right of  set-off,
                 ownership detainment or other security  arrangements,  however,
                 it does not include any  security  interest  created  under the
                 Equity Pledge Agreement.

                                       3
<PAGE>
     1.5  Payment.  The payment of the Purchase Price shall be determined by the
          consultation  of  Party A  and/or  the  Designated  Persons  with  the
          Transferor according to the applicable laws at the time of exercise of
          the Option.

2. Promises Relating Equity Interest.

     2.1  Promises Related to Party B. Party B, Party C hereby promise:

          2.1.1  Without prior written  consent by Party A, not, in any form, to
                 supplement,  change or renew the  Articles  of  Association  of
                 Party B, to  increase  or  decrease  registered  capital of the
                 corporation,  or to  change  the  structure  of the  registered
                 capital in any other forms;

          2.1.2  According  to  customary  fiduciary  standards   applicable  to
                 managers with respect to corporations  and their  shareholders,
                 to maintain the  existence of the  corporation,  prudently  and
                 effectively operate the business;

          2.1.3  Without  prior  written  consent  by  Party  A,  not,  upon the
                 execution of this  Agreement,  to sell,  transfer,  mortgage or
                 dispose, in any other form, any asset, legitimate or beneficial
                 interest  of  business  or  income of Party B, or  encumber  or
                 approve any encumbrance or imposition of any security  interest
                 on Party A's assets;

          2.1.4  Without prior  written  notice by Party A, not issue or provide
                 any guarantee or permit the  existence of any debt,  other than
                 (i) the debt arising from normal or daily business but not from
                 borrowing;  and (ii) the debt disclosed to Party A and obtained
                 the written consent from Party A;

                                       4
<PAGE>
          2.1.5  To normally operate all business to maintain the asset value of
                 Party B,  without  taking  any  action or  failing  to take any
                 action that would  result in a material  adverse  effect on the
                 business or asset value of Party B;

          2.1.6  Without prior written consent by Party A, not to enter into any
                 material  agreement,  other  than  agreements  in the  ordinary
                 course of  business  (for  purposes of this  paragraph,  if the
                 amount  of the  Agreement  involves  an amount  that  exceeds a
                 hundred  thousand  Yuan (RMB  100,000) the  agreement  shall be
                 deemed material);

          2.1.7  Without prior  written  consent by Party A, not to provide loan
                 or credit loan to any others;

          2.1.8  Upon the  request  of  Party A, to  provide  all  materials  of
                 operation and finance relevant to Party B;

          2.1.9  Purchases  and holds the insurance  from the insurance  company
                 accepted by Party A, the insurance amount and category shall be
                 the same with those held by the  companies in the same industry
                 or field, operating the similar business and owning the similar
                 properties and assets as Party B;

          2.1.10 Without  prior  written  consent  by  Party  A, not to merge or
                 associate with any person, or acquire or invest in any person;

          2.1.11 To notify Party A of the occurrence or the potential occurrence
                 of the  litigation,  arbitration  or  administrative  procedure
                 related to the assets, business and income of Party B;

          2.1.12 In order to keep the ownership of Party B to all its assets, to
                 execute  all  requisite  or  appropriate  documents,  take  all
                 requisite or appropriate  actions,  and pursue all  appropriate
                 claims, or make requisite or appropriate pleas for all claims;

                                       5
<PAGE>
          2.1.13 Without prior  written  notice by Party A, not to assign equity
                 interests to shareholders in any form;  however,  Party A shall
                 distribute  all or part of its  distributable  profits to their
                 own shareholders upon request by Party A;

          2.1.14 According  to the  request  of Party A, to  appoint  any person
                 designated by Party A to be the directors of Party B.

     2.2  Promises Related to Transferor. Party C hereby promise:

          2.2.1  Without  prior  written  consent  by  Party  A,  not,  upon the
                 execution of this  Agreement,  to sell,  transfer,  mortgage or
                 dispose in any other form any legitimate or beneficial interest
                 of equity interest,  or to approve any other security  interest
                 set on it, with the  exception  of the pledge set on the equity
                 interest of the Transferor subject to Equity Pledge Agreement;

          2.2.2  Without the prior  written  notice by Party A, not to decide or
                 support  or  execute   any   shareholder   resolution   at  any
                 shareholder   meeting  of  Party  B  that  approves  any  sale,
                 transfer,  mortgage or dispose of any  legitimate or beneficial
                 interest  of  equity  interest,  or allows  any other  security
                 interest  set  on it,  other  than  the  pledge  on the  equity
                 interests of Transferor pursuant to Equity Pledge Agreement;

          2.2.3  Without prior written  notice by Party A, the Parties shall not
                 agree or support or execute any shareholders  resolution at any
                 shareholder  meeting of Party B that approves  Party B's merger
                 or  association  with any person,  acquisition of any person or
                 investment in any person;

          2.2.4  To notify Party A the occurrence or the potential occurrence of
                 the litigation, arbitration or administrative procedure related
                 to the equity interest owned by them;

                                       6
<PAGE>
          2.2.5  To cause  the  Board of  Directors  of Party B to  approve  the
                 transfer  of the  Purchased  Equity  Interest  subject  to this
                 Agreement;

          2.2.6  In order to keep  its  ownership  of the  equity  interest,  to
                 execute all  requisite or  appropriate  documents,  conduct all
                 requisite or  appropriate  actions,  and make all  requisite or
                 appropriate  claims,  or make requisite or  appropriate  defend
                 against fall claims of compensation;

          2.2.7  Upon the request of Party A, to appoint  any person  designated
                 by Party A to be the directors of Party B;

          2.2.8  Upon the request of Party A at any time, to transfer its Equity
                 Interest immediately to the representative  designated by Party
                 A  unconditionally  at any time and  abandon its prior right of
                 first refusal of such equity  interest  transferring to another
                 available shareholder;

          2.2.9  To prudently  comply with the  provisions of this Agreement and
                 other Agreements  entered into  collectively or respectively by
                 the Transferor, Party B and Party A and perform all obligations
                 under  these  Agreements,  without  taking  any  action  or any
                 nonfeasance   that   sufficiently   affects  the  validity  and
                 enforceability of these Agreements;

3.   Representations and Warranties.  As of the execution date of this Agreement
     and every  transferring date, Party B, Party C hereby represent and warrant
     collectively and respectively to Party A as follows:

     3.1  It has the power and ability to enter into and deliver this Agreement,
          and  any  equity  interest   transferring   Agreement   ("Transferring
          Agreement,"  respectively)  having  it as a party,  for  every  single
          transfer of the Purchased Equity Interest according to this Agreement,
          and  to  perform  its   obligations   under  this  Agreement  and  any
          Transferring  Agreement.   Upon  execution,  this  Agreement  and  the
          Transferring  Agreements having it as a party will constitute a legal,
          valid  and  binding  obligation  of  it  enforceable   against  it  in
          accordance with its terms;

                                       7
<PAGE>
     3.2  The  execution,  delivery  of  this  Agreement  and  any  Transferring
          Agreement and performance of the obligations  under this Agreement and
          any Transferring Agreement will not: (i) cause to violate any relevant
          laws and  regulations  of PRC;  (ii)  constitute  a conflict  with its
          Articles of Association or other organizational documents; (iii) cause
          to  breach  any  Agreement  or  instruments  to which it is a party or
          having  binding  obligation on it, or constitute  the breach under any
          Agreement  or  instruments  to which it is a party or  having  binding
          obligation on it; (iv) cause to violate relevant  authorization of any
          consent or approval to it and/or any continuing  valid  condition;  or
          (v) cause any consent or approval  authorized  to it to be  suspended,
          removed, or into which other requests be added;

     3.3  The shares of Party B are transferable,  and Party B has not permitted
          or caused any security interest to be imposed upon the shares of Party
          B.

     3.4  Party B does not have any unpaid  debt,  other  than (i) debt  arising
          from its  normal  business;  and (ii)  debt  disclosed  to Party A and
          obtained by written consent of Party A;

     3.5  Party B has complied with all PRC laws and  regulations  applicable to
          the  acquisition  of assets and  securities  in  connection  with this
          Agreement;

     3.6  No litigation, arbitration or administrative procedure relevant to the
          Equity Interests and assets of Party B or Party B itself is in process
          or to be settled and the Parties  have no  knowledge of any pending or
          threatened claim;

     3.7  The  Transferor  bears the fair and  salable  ownership  of its Equity
          Interest  free of  encumbrances  of any kind,  other than the security
          interest pursuant to the Equity Pledge Agreement.

                                       8
<PAGE>
4.   Assignment of Agreement

     4.1  Party B and Party C shall not transfer  their  rights and  obligations
          under this  Agreement  to any third party  without  the prior  written
          consent of the Party A.

     4.2  Party B and  Party  C  hereby  agrees  that  Party A shall  be able to
          transfer all of its rights and obligation  under this Agreement to any
          third party with its needs, and such transfer shall only be subject to
          a  written  notice  sent to  Party  B,  Party C by Party A, and no any
          further consent from Party B and Party C will be required.

5.   Effective Date and Term

     5.1  This  Agreement  shall be  effective  as of the date  first  set forth
          above.

     5.2  The  term of  this  Agreement  is ten  (10)  years  unless  the  early
          termination  in accordance  with this  Agreement or other terms of the
          relevant agreements  stipulated by the Parties.  This Agreement may be
          extended  according  to the  written  consent  of Party A  before  the
          expiration of this  Agreement.  The term of extension  will be decided
          unanimously through mutual agreement of the Parties.

     5.3  If Party A or Party B terminates  by the  expiration  of its operating
          period (including any extended period) or other causes in the term set
          forth  in   Section   5.2,   this   Agreement   shall  be   terminated
          simultaneously,   except  Party  A  has  transferred  its  rights  and
          obligations in accordance with Section 4.2 of this Agreement.

6.   Applicable Law and Dispute Resolution

     6.1  Applicable Law. The execution, validity, construing and performance of
          this  Agreement and the  resolution of disputes  under this  Agreement
          shall be governed by the laws of PRC.

                                       9
<PAGE>
     6.2  Dispute  Resolution.  The parties  shall  strive to settle any dispute
          arising from the interpretation or performance in connection with this
          Agreement through friendly consultation.  In case no settlement can be
          reached  through  consultation  within  thirty  (30) days  after  such
          dispute  is  raised,  each  party  can  submit  such  matter  to China
          International Economic and Trade Arbitration Commission (the "CIETAC")
          in accordance with its rules.  Arbitration shall take place in Beijing
          and the  proceedings  shall be  conducted  in Chinese.  Any  resulting
          arbitration  award shall be final  conclusive  and  binding  upon both
          parties.

7.   Taxes and Expenses.  Each Party shall,  according to the PRC laws, bear any
     and all registering  taxes,  costs and expenses for equity transfer arising
     from the preparation  and execution of this Agreement and all  Transferring
     Agreements, and the completion of the transactions under this Agreement and
     all Transferring Agreements.

8.   Notices.  Notices or other communications required to be given by any party
     pursuant  to this  Agreement  shall be written in English  and  Chinese and
     delivered  personally or sent by registered mail or postage prepaid mail or
     by a recognized courier service or by facsimile transmission to the address
     of relevant  each party or both parties set forth below or other address of
     the party or of the other  addressees  specified by such party from time to
     time.  The date  when the  notice  is  deemed  to be duly  served  shall be
     determined as the follows: (a) a notice delivered personally is deemed duly
     served upon the  delivery;  (b) a notice sent by mail is deemed duly served
     the tenth  (10th)  day after  the date  when the air  registered  mail with
     postage  prepaid  has been sent out (as is shown on the  postmark),  or the
     fourth (4th) day after the delivery date to the internationally  recognized
     courier service agency; and (c) a notice sent by facsimile  transmission is
     deemed duly served  upon the receipt  time as is shown on the  transmission
     confirmation of relevant documents.

                                       10
<PAGE>
PARTY A        Capital Future Development Limited
               Address:
               Attn:
               Fax:
               Tel:

PARTY B:       Zhejiang Yong Xin Digital Technology Co., Ltd.
               Address: No. 315 Hu Shu Nan Rd, Gong Ye District, Hangzhou, China
               Attn:
               Fax:
               Tel:

PARTY C:       Details in Signature Pages

9.   Confidentiality.  The Parties  acknowledge  and confirm any oral or written
     materials  exchanged by the Parties in connection  with this  Agreement are
     confidential. The Parties shall maintain the secrecy and confidentiality of
     all such materials.  Without the written approval by the other Parties, any
     Party shall not disclose to any third party any relevant materials, but the
     following circumstances shall be excluded:

     a.   The materials that is known or may be known by the general public (but
          not  include  the  materials  disclosed  by each party  receiving  the
          materials);

     b.   The materials  required to be disclosed subject to the applicable laws
          or the rules or provisions of stock exchange; or

     c.   The  materials  disclosed  by each  Party to its  legal  or  financial
          consultant relating the transaction of this Agreement,  and this legal
          or  financial  consultant  shall comply with the  confidentiality  set

                                       11
<PAGE>
          forth in this Section. The disclosure of the confidential materials by
          staff or  employed  institution  of any  Party  shall be deemed as the
          disclosure of such materials by such Party,  and such Party shall bear
          the liabilities for breaching the contract.  This clause shall survive
          whatever this Agreement is invalid,  amended,  revoked,  terminated or
          unable to implement by any reason.

10.  Further  Warranties.  The  Parties  agree  to  promptly  execute  documents
     reasonably required to perform the provisions and the aim of this Agreement
     or documents  beneficial to it, and to take actions reasonably  required to
     perform the provisions and the aim of this Agreement or actions  beneficial
     to it.

11.  Miscellaneous.

     11.1 Amendment,  Modification and Supplement.  Any amendment and supplement
          to this  Agreement  shall only be  effective is made by the Parties in
          writing.

     11.2 Entire Agreement. Notwithstanding the Article 5 of this Agreement, the
          Parties  acknowledge  that  this  Agreement   constitutes  the  entire
          agreement of the Parties with respect to the subject  matters  therein
          and supercede and replace all prior or contemporaneous  agreements and
          understandings in verb or/and in writing.

     11.3 Severability.  If any provision of this Agreement is judged as invalid
          or non-enforceable  according to relevant Laws, the provision shall be
          deemed invalid only within the applicable  laws and regulations of the
          PRC,  and the  validity,  legality  and  enforceability  of the  other
          provisions  hereof  shall not be affected or impaired in any way.  The
          Parties  shall,  through fairly  consultation,  replace those invalid,
          illegal or  non-enforceable  provisions with valid provisions that may
          bring the similar  economic  effects with the effects  caused by those
          invalid, illegal or non-enforceable provisions.

                                       12
<PAGE>
     11.4 Headings.  The  headings  contained  in  this  Agreement  are  for the
          convenience of reference only and shall not affect the interpretation,
          explanation  or in any other way the meaning of the provisions of this
          Agreement.

     11.5 Language and Copies.  This  Agreement  has been executed in English in
          four (4)  duplicate  originals;  each Party holds one (1) original and
          each duplicate original shall have the same legal effect.

     11.6 Successor. This Agreement shall bind and benefit the successor of each
          Party and the transferee allowed by each Party.

     11.7 Survival.  Any obligation  taking place or at term hereof prior to the
          end or termination  ahead of the end of this Agreement  shall continue
          in force  and  effect  notwithstanding  the  occurrence  of the end or
          termination  ahead of the end of the Agreement.  Article 6, Article 8,
          Article 9 and Section 11.7 hereof  shall  continue in force and effect
          after the termination of this Agreement.

     11.8 Waiver. Any Party may waive the terms and conditions of this Agreement
          in writing with the signature of the Parties. Any waiver by a Party to
          the breach by other  Parties  within  certain  situation  shall not be
          construed as a waiver to any similar  breach by other  Parties  within
          other situations.

                            [SIGNATURE PAGE FOLLOWS]

                                       13
<PAGE>
                                                 [SIGNATURE PAGE]

IN WITNESS WHEREOF, the parties hereof have caused this Agreement to be executed
by their duly authorized representatives as of the date first written above.

PARTY A:   Capital Future Development Limited
           Capital Future Development Limited

           Legal/Authorized Representative: /s/
                                           ----------------------------
           Name:
                -------------------------------------------------------
           Title:
                 ------------------------------------------------------

PARTY B:   Zhejiang Yong Xin Digital Technology Co., Ltd

           Legal/Authorized Representative: /s/
                                           ----------------------------
           Name:
                -------------------------------------------------------
           Title:
                 ------------------------------------------------------

                                       14
<PAGE>
PARTY C:

                 /s/ WANG Zhenggang
                 ---------------------------------
            By:  WANG Zhenggang;
            (PRC ID Card No.: 330725196811015038);
            Shares of. Zhejiang Yong Xin Digital Technology Co., Ltd. owned
            by WANG Zhenggang: 35%;
            Home Address:No7, South block 4, Xia Che Men, Yiwu, Zhejiang, China;

                /s/ Zhang Yimin
                ---------------------------------
            By: Zhang Yimin
            (PRC ID Card No.: 420106196706282812)
            Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
            ZHANG Yimin: 20%;
            Home Address: No 13 Block 13 Jinshang Li Ding, Chou Cheng Street,
                          Yiwu, Zhejiang, China

                                       15
<PAGE>

                /s/ LV Huiyi
                ---------------------------------
            By: LV Huiyi
            (PRC ID Card No.: 440111197109154838)
            Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
            ZHANG Yimin: 20%;
            Home Address: Suite 101, No.45, 475 Huang Chen Dong Road, Guangdong,
                          China

                /s/ WANG Xiaochun
                ---------------------------------
            By: WANG Xiaochun
            (PRC ID Card No.: 330723780207004)
            Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
            ZHANG Yimin: 15%;
            Home Address: No. 19, Daming Hall, Wuyang Town, Wuyi District,
                          Zhejiang, China

                                       16
<PAGE>

                /s/ BAO Zhongsheng
                ---------------------------------
            By: BAO Zhongsheng
            (PRC ID Card No.: 330725197805030818)
            Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
            ZHANG Yimin: 10%;
            Home Address: No 13 Block 13 Jinshang Li Ding, Chou Cheng Street,
                          Yiwu, Zhengjiang

                                       17Exhibit 10.5

                             EQUITY PLEDGE AGREEMENT

This Equity Pledge Agreement (hereinafter this "Agreement") is dated November 1,
2005, and is entered into in Zhejiang China by, China Capital Future Development
Limited,  incorporated under law of British Virgin Islands ("Pledgee"),  each of
the shareholders of Party B listed on the signature pages hereto  (collectively,
the  "Pledgors"),  and Zhejiang  Yong Xin Digital  Technology  Co.,  Ltd.,  duly
established under law of People's  Republic of China, with a registered  address
at No. 315 Hu Shu Nan Rd, Gong Ye District, Hangzhou ("Party B" or "Company"),

                                    RECITALS

     1. The Pledgee,  a company duly incorporated  under law of British Islands,
has the expertise in the business of digital products.

     2.The Pledgors are shareholders of the Company.  The Pledgors  collectively
own over100% of the outstanding equity interests of the Company.

     3. Pledgee and the Company have  executed a Consulting  Services  Agreement
(hereinafter   "Consulting   Services   Agreement"   or  "Services   Agreement")
concurrently herewith.  Based on this agreement, The Company shall pay technical
consulting  and service fees  (hereinafter  the  "Consulting  Services  Fees" or
"Services Fees") to Pledgee for offering consulting and related services.

     4. In order to ensure that the Company will perform its  obligations  under
the  Consulting  Services  Agreement,  and in order  to  provide  an  additional
mechanism  for the  Pledgee to enforce  its  rights to  collect  the  Consulting
Services  Fees from the Company,  the Pledgors  agree to pledge all their equity
interest in the Company as security for the  performance  of the  obligations of
the  Company  under  the  Consulting  Services  Agreement  and  the  payment  of
Consulting Services Fees under such agreement.
<PAGE>
     NOW  THEREFORE,  the Pledgee,  the Company and the Pledgors  through mutual
negotiations hereby enter into this Agreement based upon the following terms:

     1.  Definitions  and  Interpretation.  Unless  otherwise  provided  in this
Agreement, the following terms shall have the following meanings:

          1.1 "Pledge" refers to the full content of Section 2 hereunder.

          1.2 "Equity Interest" refers to all the equity interest in the Company
legally held by the Pledgors.

          1.3 "Term of Pledge"  refers to the period  provided for under Section
3.2 hereunder.

          1.4 "Event of Default"  refers to any event in accordance with Section
7.1 hereunder.

          1.5 "Notice of Default"  refers to the notice of default issued by the
Pledgee in accordance with this Agreement.

     2.  Pledge.  The  Pledgors  agree to pledge  their  equity  interest in the
Company to the Pledgee ("Pledged  Collateral") as a security for the obligations
of the  Company  under the  Consulting  Services  Agreement.  Pledge  under this
Agreement refers to the rights owned by the Pledgee,  who shall be entitled to a
priority in receiving  payment by the evaluation or proceeds from the auction or
sale of the equity interest pledged by the Pledgors to the Pledgee.

     3. Term of Pledge.

          3.1 The Pledge shall take effect as of the date when the Pledge of the
equity  interest under this Agreement is recorded in the Register of Shareholder
of The Company.  The term of the Pledge shall last until two (2) years after the
obligations under the Consulting Services Agreement are fulfilled.

          3.2 During the term of the Pledge,  the  Pledgee  shall be entitled to
vote,  control,  sell, or dispose of the pledged assets in accordance  with this
Agreement in the event that Pledgors do not perform their  obligation  under the

                                       2
<PAGE>
Consulting  Services  Agreement  and the  Company  fails  to pay the  Consulting
Service Fees in accordance with the Consulting Services Agreement.

          3.3 During the term of the Pledge,  the  Pledgee  shall be entitled to
collect any and all  dividends  declared or paid in  connection  with the equity
interest.

     4. Pledge Procedure and Registration

          4.1 The Pledge under this Agreement  shall be recorded in the Register
of Shareholders of the Company. The Pledgor shall, within 10 days after the date
of this Agreement,  process the registration  procedures with Administration for
Industry and Commerce concerning the Pledge.

     5. Representation and Warranties of Pledgors.

          5.1 The Pledgors are the legal owners of the equity interest pledged.

          5.2 The  Pledgors  have not pledged  the equity  interest to any other
party,  and or the equity  interest is not encumbered to any other person except
for the Pledgee.

     6. Covenants of Pledgors.

          6.1 During the effective term of this Agreement,  the Pledgors promise
to the Pledgee for its benefit  that the Pledgors  shall:  6.1.1 Not transfer or
assign the equity  interest,  create or permit to create any  pledges  which may
have an adverse  effect on the rights or benefits of the Pledgee  without  prior
written consent from the Pledgee.

               6.1.2 Comply with and implement laws and regulations with respect
to the  pledge  of  rights;  present  to the  Pledgee  the  notices,  orders  or
suggestions with respect to the Pledge issued or made by the competent authority
within five (5) days upon receiving  such notices,  orders or  suggestions;  and
comply with such  notices,  orders or  suggestions;  or object to the  foregoing
matters at the  reasonable  request  of the  Pledgee  or with  consent  from the
Pledgee.

               6.1.3  Timely  notify the  Pledgee of any events or any  received
notices which may affect the Pledgor's equity interest or any part of its right,
and any  events or any  received  notices  which may change  the  Pledgor's  any
warranty and obligation under this Agreement or affect the Pledgor's performance
of its obligations under this Agreement.

                                       3
<PAGE>
          6.2 The Pledgors agree that the Pledgee's right to the Pledge obtained
from this Agreement  shall not be suspended or inhibited by any legal  procedure
launched  by  the  Pledgor  or  any  successors  of the  Pledgor  or any  person
authorized by the Pledgor or any such other person.

          6.3 The  Pledgors  promise to the Pledgee  that in order to protect or
perfect the security for the payment of the Services  Fees,  the Pledgors  shall
execute in good faith and cause other  parties who have  interests in the Pledge
to execute all the title certificates,  contracts, and perform actions and cause
other parties who have interests to take action, as required by the Pledgee; and
make access to exercise the rights and authorization vested in the Pledgee under
this Agreement.

          6.4 The  Pledgors  promise to the Pledgee  that they will  execute all
amendment  documents  (if  applicable  and  necessary)  in  connection  with any
registration  of the Pledge with the Pledgee or its designated  person  (natural
person or a legal  entity),  and provide the notice,  order and  decision to the
Pledgee as necessary, within a reasonable amount of time upon request.

          6.5 The Pledgors promise to the Pledgee that they will comply with and
perform  all  the  guarantees,   covenants,   warranties,   representations  and
conditions for the benefits of the Pledgee.  The Pledgors  shall  compensate all
the losses  suffered by the Pledgee as a result of the Pledgors  failing perform
or fully perform their guarantees,  covenants,  warranties,  representations and
conditions.

     7. Events Of Default.

          7.1  The following events shall be regarded as the events of default:

               7.1.1    This   Agreement  is  deemed   illegal  by  a  governing
                        authority  in the PRC,  or the Pledgor is not capable of
                        continuing to perform the obligations  herein due to any
                        reason except FORCE MAJEURE;

                                       4
<PAGE>
               7.1.2    The Company  fails to make full  payment of the Services
                        Fees as scheduled under the Service Agreement;

               7.1.3    A  Pledgor  makes  any  materially  false or  misleading
                        representations  or  warranties  under Section 5 herein,
                        and/or the Pledgor breaches any warranties under Section
                        5 herein;

               7.1.4    A Pledgor breaches the covenants under Section 6 herein;

               7.1.5    A Pledgor breaches the term or condition herein;

               7.1.6    A  Pledgor  waives  the  pledged   equity   interest  or
                        transfers or assigns the pledged equity interest without
                        prior written consent of the Pledgee;

               7.1.7    The Company is incapable of repaying the general debt or
                        other debt;

               7.1.8    The  property  of  the  Pledgor  is  adversely  affected
                        causing the Pledgee to believe  that the  capability  of
                        the  Pledgor  to  perform  the  obligations   herein  is
                        adversely affected;

               7.1.9    The successors or agents of the Company are only able to
                        perform a portion  of or refuse to perform  the  payment
                        obligations under the Service Agreement;

               7.1.10   The  breach  of the other  terms by  action or  inaction
                        under this agreement by the Pledgor.

          7.2  The  Pledgor  shall  immediately  give a  written  notice  to the
               Pledgee if the  Pledgor is aware of or  discovers  that any event
               under  Section  7.1  herein or any event  that may  result in the
               foregoing events has occurred or is likely to occur.

                                       5
<PAGE>
          7.3  Unless the event of  default  under  Section  7.1 herein has been
               solved to the Pledgee's  satisfaction,  the Pledgee,  at any time
               when the  event  of  default  occurs  or  thereafter,  may give a
               written  notice of default to the Pledgor and require the Pledgor
               to immediately make full payment of the outstanding  Service Fees
               under the Service  Agreement and other payables or exercise other
               rights in accordance with Section 8 herein.

     8.   Exercise of Remedies.

          8.1  Authorized   Action  by  Secured  Party.   The  Pledgors   hereby
irrevocably appoint Pledgee the attorney-in-fact of the Pledgors for the purpose
of carrying out the security  provisions of this Agreement and taking any action
and executing any instrument that the Pledgee may deem necessary or advisable to
accomplish the purposes of this Agreement.  If an event of default occurs, or is
continuing,  Pledgee shall have the right to exercise the  following  rights and
powers:

          (a)  Collect by legal  proceedings  or  otherwise  and endorse  and/or
               receive all payments, proceeds and other sums and property now or
               hereafter payable on or on account of the Pledged Collateral;

          (b)  Enter  into  any  extension,  reorganization,   deposit,  merger,
               consolidation  or other  agreement  pertaining  to,  or  deposit,
               surrender,  accept,  hold or apply other property in exchange for
               the Pledged Collateral;

          (c)  Transfer the Pledged Collateral to its own or its nominee's name;

          (d)  Make any compromise or  settlement,  and take any action it deems
               advisable, with respect to the Pledged Collateral;

                                       6
<PAGE>
          (e)  Notify any obligor with respect to any Pledged Collateral to make
               payment directly to the Pledgee;

          (f)  All  rights of the  Pledgors  to  exercise  the  voting and other
               consensual  rights it would  otherwise  be  entitled  to exercise
               without any action or the giving of any notice shall  cease,  and
               all such rights shall thereupon become vested in the Pledgee;

          (g)  All rights of the Pledgors to receive  distributions with respect
               to the Pledged  Collateral which it would otherwise be authorized
               to  receive  and retain  shall  cease and all such  rights  shall
               thereupon become vested in the Pledgee; and

          (h)  The Pledgors shall execute and deliver to the Pledgee appropriate
               instruments  as the  Pledgee  may  request in order to permit the
               Pledgee to exercise  the voting and other  rights which it may be
               entitled to exercise  and to receive all  distributions  which it
               may be entitled to receive.

               The Pledgors  hereby grant to Pledgee an  exclusive,  irrevocable
               power of attorney, with full power and authority in the place and
               stead of the  Pledgors  to take all such action  permitted  under
               this  Section  8.1.  Such power of attorney  shall be  effective,
               automatically  and without the necessity of any action (including
               any transfer of any Pledged  Collateral) by any person,  upon the
               occurrence and continuance of an event of default.  Pledgee shall
               not have any duty to exercise  any such right or to preserve  the
               same and shall not be liable for any  failure to do so or for any
               delay in doing so.

          8.2 Event of defaults;  Remedies.  Upon the  occurrence of an event of
default,  Pledgee  may,  without  notice  to or demand  on the  Pledgors  and in
addition to all rights and remedies  available to Pledgee,  at law, in equity or
otherwise, do any of the following:

          (a)  Require the Pledgors to immediately  pay all  outstanding  unpaid
               amounts due under the Consulting Services Agreement;

                                       7
<PAGE>
          (b)  Foreclose or otherwise enforce Pledgee's security interest in any
               manner permitted by law or provided for in this Agreement;

          (c)  Terminate this Agreement pursuant to Section 11;

          (d)  Exercise any and all rights as beneficial  and legal owner of the
               Pledged Collateral,  including,  without  limitation,  perfecting
               assignment of and exercising  any and all voting,  consensual and
               other rights and powers with  respect to any Pledged  Collateral;
               and

          (e)  Exercise any and all the rights and  remedies of a secured  party
               upon default under applicable law.

          8.3 The Pledgee  shall give a notice of default to the  Pledgors  when
the Pledgee exercises its remedies under this Agreement.

          8.4 Subject to Section  7.3,  the Pledgee may  exercise  its  remedies
under this  Agreement at any time after the Pledgee gives a notice of default in
accordance with Section 7.3 or thereafter.

          8.5 The Pledgee is entitled  to priority in  receiving  payment by the
evaluation  or proceeds  from the auction or sale of whole or part of the equity
interest  pledged  herein in accordance  with legal  procedure  until the unpaid
Services Fees under the Services Agreement are repaid.

          8.6 The  Pledgor  shall not hinder the  Pledgee  from  exercising  its
rights in accordance with this Agreement and shall give necessary  assistance so
that the Pledgee may exercise its rights in full.

     9.   Assignment.

          9.1 The Pledgors shall not donate or transfer  rights and  obligations
herein without prior consent from the Pledgee.

          9.2 This Agreement shall be binding upon each of the Pledgors and his,
her or its  successors  and be binding on the Pledgee and his each successor and
assignee.

          9.3 The  Pledgee  may  transfer  or assign  his all or any  rights and
obligations  under the  Service  Agreement  to any  individual  specified  by it

                                       8
<PAGE>
(natural  person or legal entity) at any time. In this case,  the assignee shall
enjoy and undertake the same rights and obligations  herein of the Pledgee as if
the assignee is a party hereto. When the Pledgee transfers or assigns the rights
and  obligations  under the Service  Agreement,  and such transfer shall only be
subject to a written  notice  serviced  to  Pledgors,  and at the request of the
Pledgee,  the Pledgors shall execute the relevant  agreements  and/or  documents
with respect to such transfer or assignment.

          9.4 In the event of a change in control of the Pledgee's  resulting in
the transfer or  assignment  of this  agreement,  the  successor  parties to the
pledge shall execute a new pledge contract.

     10.  Formalities, Fees and Other Charges.

          10.1 The  Pledgors  shall be  responsible  for all the fees and actual
expenses in relation to this Agreement  including but not limited to legal fees,
cost of  production,  stamp tax and any other taxes and charges.  If the Pledgee
pays the relevant taxes in accordance  with  applicable  law, the Pledgors shall
fully indemnify the Pledgee such taxes paid by the Pledgee.

          10.2 The Pledgors shall be responsible for all the fees (including but
not limited to any taxes,  formalities fees,  management fees,  litigation fees,
attorney's fees, and various  insurance  premiums in connection with disposition
of Pledge) incurred by the Pledgors for the reason that the Pledgors fail to pay
any payable taxes,  fees or charges for other reasons which cause the Pledgee to
recourse by any means or ways.

     11.  Force Majeure.

          11.1  "FORCE  MAJEURE"  shall  include  but not be  limited to acts of
governments,  acts of nature, fire, explosion, typhoon, flood, earthquake, tide,
lightning,  war, refers to any unforeseen  events beyond the party's  reasonable
control and cannot be prevented with reasonable care.  However,  any shortage of
credit,  capital or finance  shall not be regarded as an event  beyond a Party's
reasonable  control.  The affected the Company  FORCE  MAJEURE  shall notify the
other party of such event resulting in exemption promptly.

          11.2 In the event that the  affected  party is delayed in or prevented
from  performing its  obligations  under this  Agreement by FORCE MAJEURE,  only
within the scope of such delay or  prevention,  the  affected  party will not be
responsible  for any damage by reason of such a failure or delay of performance.

                                       9
<PAGE>
The  affected  party  shall take  appropriate  means to  minimize  or remove the
effects of FORCE MAJEURE and attempt to resume  performance  of the  obligations
delayed or prevented by the event of FORCE MAJEURE. After occurrence of an event
of FORCE  MAJEURE,  when such event or condition  ceases to exist,  both parties
agree to resume the performance of this Agreement with their best efforts.

     12.  Confidentiality.  The parties of this agreement  acknowledge  and make
sure that all the oral and written materials exchanged relating to this contract
are  confidential.  All the parties have to keep them  confidential  and can not
disclose  them to any other third party  without  other  parties'  prior written
approval,  unless:  (a) the public know and will know the materials (not because
of the disclosure by any  contractual  party);  (b) the disclosed  materials are
required by laws or stock  exchange  rules;  or (c)  materials  relating to this
transaction are disclosed to parties' legal  consultants or financial  advisors,
however, who have to keep them confidential as well.  Disclosure of confidential
information by Employees or hired  institutions  of the parties is deemed as the
act by the parties, therefore, subjecting them to liability.

     13.  Dispute Resolution.

          13.1 This  Agreement  shall be governed by and construed in accordance
with the PRC law.

          13.2 The parties  shall strive to settle any dispute  arising from the
interpretation  or  performance,  or in connection  with this Agreement  through
friendly   consultation.   In  case  no  settlement   can  be  reached   through
consultation,  each party can submit such matter to China International Economic
and Trade  Arbitration  Commission  ("CIETAC") for arbitration.  The arbitration
shall follow the current rules of CIETAC, and the arbitration  proceedings shall
be  conducted  in  Chinese  and  shall  take  place in  Beijing.  Any  resulting
arbitration award shall be final and binding upon the parties.

                                       10
<PAGE>
     14.  Notices.  Any  notice  which is given by the  parties  hereto  for the
purpose of performing the rights and obligations  hereunder shall be in writing.
Where such notice is delivered  personally,  the time of notice is the time when
such notice actually reaches the addressee;  where such notice is transmitted by
facsimile, the notice time is the time when such notice is transmitted.  If such
notice does not reach the  addressee on business  date or reaches the  addressee
after the business time, the next business day following such day is the date of
notice.  The delivery  place is the address  first  written above of the parties
hereto or the address  advised in writing  including via facsimile  from time to
time.

     15. Entire Contract.  All Parties agree that this Agreement  constitute the
entire  agreement of the Parties with respect to the subject matter therein upon
its  effectiveness  and  supersedes  and replaces all prior oral and/or  written
agreements and understandings relating to this Agreement.

     16.  Severability.  Any  provision  of this  Agreement  which is invalid or
unenforceable  because of inconsistent  with the relevant laws shall, as to that
jurisdiction,   be   ineffective   to  the   extent   of  such   invalidity   or
unenforceability, without affecting in any way the remaining provisions hereof.

     17.  Appendices.  The  appendices to this Agreement are entire and integral
part of this Agreement.

     18.  Amendment or Supplement.

          18.1  Parties  may  amend and  supply  this  Agreement  with a written
agreement, provided that such amendment shall be duly executed and signed by the
Pledgee,  The  Company,  and  holders of a majority of the shares of The Company
held by the Pledgors,  and such amendment shall thereupon  become a part of this
Agreement and shall have the same legal effect as this Agreement.

          18.2 This  agreement and any  amendments,  modification,  supplements,
additions or changes  hereto shall be in writing and come into effect upon being
executed  and  sealed by the  parties  hereto.

                                       11
<PAGE>

     19. Language and Copies of the Agreement.  This Agreement has been executed
in four (4)  duplicate  originals  in English,  each Party has  received one (1)
duplicate original, and all originals shall be equally valid.

                            [SIGNATURE PAGE FOLLOWS]

                                       12
<PAGE>
                                 SIGNATURE PAGE

IN WITNESS  WHEREOF each party hereto has caused this Agreement duly executed by
itself or a duly  authorized  representative  on its behalf as of the date first
written above.

PLEDGEE:          Capital Future Development Limited
                  Capital Future Development Limited

                  Legal/Authorized Representative: /s/
                                                  ----------------------------
                  Name:
                       -------------------------------------------------------
                  Title:
                        ------------------------------------------------------

THE COMPANY:      Zhejiang Yong Xin Digital Technology Co., Ltd.

                  Legal/Authorized Representative: /s/
                                                  ----------------------------
                  Name:
                       -------------------------------------------------------
                  Title:
                        ------------------------------------------------------

                                       13
<PAGE>
                             PLEDGEE SIGNATURE PAGE

PLEDGORS:

               SHAREHOLDERS OF THE COMPANY:

                   /s/ WANG Zhenggang
                   ---------------------------------
               By: WANG Zhenggang;
               (PRC ID Card No.: 330725196811015038);
               Shares of. Zhejiang Yong Xin Digital Technology Co., Ltd. owned
               by WANG Zhenggang: 35%;
               Home Address: No7, South block 4, Xia Che Men, Yiwu, Zhejiang,
                             China;

                   /s/ Zhang Yimin
                   ---------------------------------
               By: Zhang Yimin
               (PRC ID Card No.: 420106196706282812)
               Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
               ZHANG Yimin: 20%;
               Home Address: No 13 Block 13 Jinshang Li Ding, Chou Cheng Street,
                             Yiwu, Zhejiang, China

                                       14
<PAGE>

                   /s/ LV Huiyi
                   ---------------------------------
               By: LV Huiyi
               (PRC ID Card No.: 440111197109154838)
               Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
               ZHANG Yimin: 20%;
               Home Address: Suite 101, No.45, 475 Huang Chen Dong Road,
                             Guangdong, China

                   /s/ WANG Xiaochun
                   ---------------------------------
               By: WANG Xiaochun
               (PRC ID Card No.: 330723780207004)
               Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
               ZHANG Yimin: 15%;
               Home Address: No. 19, Daming Hall, Wuyang Town, Wuyi District,
                             Zhejiang, China

                                       15
<PAGE>

                   /s/ BAO Zhongsheng
                   ---------------------------------
               By: BAO Zhongsheng
               (PRC ID Card No.: 330725197805030818)
               Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
               ZHANG Yimin: 10%;
               Home Address: No 13 Block 13 Jinshang Li Ding, Chou Cheng Street,
                             Yiwu, Zhengjiang

                                       16
<PAGE>
                                   APPENDIX 1

                    RESOLUTIONS OF THE GENERAL SHAREHOLDERS'
                             MEETING OF THE COMPANY

WHEREAS, that certain significant  shareholders of Company have agreed to pledge
their shares of the company under an Equity Pledge  Agreement  dated November 1;
2005 and

WHEREAS, it is in the best interest of the Company for the shareholders to enter
into such Equity Pledge Agreement.

RESOLVED,  that the pledge of shares  held by the  shareholders  of the  company
under the Equity Pledge Agreement is hereby approved.

This  resolution  was  executed  and  submitted  on  November  1;  2005  by  the
undersigned shareholders:

                                       17
<PAGE>
SHAREHOLDERS:

                  /s/ WANG Zhenggang
                  ---------------------------------
              By: WANG Zhenggang;
              (PRC ID Card No.: 330725196811015038);
              Shares of. Zhejiang Yong Xin Digital Technology Co., Ltd. owned by
              WANG Zhenggang: 35%;
              Home Address: No7, South block 4, Xia Che Men, Yiwu, Zhejiang,
                            China;

                  /s/ Zhang Yimin
                  ---------------------------------
              By: Zhang Yimin
              (PRC ID Card No.: 420106196706282812)
              Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
              ZHANG Yimin: 20%;
              Home Address: No 13 Block 13 Jinshang Li Ding, Chou Cheng Street,
                            Yiwu, Zhejiang, China

                                       18
<PAGE>

                   /s/ LV Huiyi
                   ---------------------------------
               By: LV Huiyi
               (PRC ID Card No.: 440111197109154838)
               Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
               ZHANG Yimin: 20%;
               Home Address: Suite 101, No.45, 475 Huang Chen Dong Road,
                             Guangdong, China

                   /s/ WANG Xiaochun
                   ---------------------------------
               By: WANG Xiaochun
               (PRC ID Card No.: 330723780207004)
               Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
               ZHANG Yimin: 15%;
               Home Address: No. 19, Daming Hall, Wuyang Town, Wuyi District,
                             Zhejiang, China

                                       19
<PAGE>

                   /s/ BAO Zhongsheng
                   ---------------------------------
               By: BAO Zhongsheng
               (PRC ID Card No.: 330725197805030818)
               Shares of Zhejiang Yong Xin Digital Technology Co., Ltd owned by
               ZHANG Yimin: 10%;
               Home Address: No 13 Block 13 Jinshang Li Ding, Chou Cheng Street,
                             Yiwu, Zhengjiang

                                       20

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