Document:

FRESHWATER TECHNOLOGIES INC.

                              EMPLOYMENT AGREEMENT
                                      FOR
                                    PRESIDENT

Dear Mr. Glassen:

The  following  employment  agreement  between Freshwater Technologies Inc.,(The
Company  or  FWTI)  AND Robert C. Glassen outlines the terms of your contract as
President  of  the  Company.

1.   Position

     You will be appointed as President reporting to the CEO & Chairman

2.   Term.

     The appointment shall be for an initial term of twelve months (one year)
     commencing on the 15th day of March 2005 with a renewal for an additional
     one year term subject to a formal year-end performance review based upon
     criteria to be established by the Board of Directors.

3.   Compensation

     a)   Annual  compensation  of  $  US  60,000,  to be invoiced by you to the
          Company at the rate of $ 5,000 monthly. This compensation rate will be
          reviewed  annually by the Board of Directors, the first such review to
          occur  within  twelve  months  of  the  starting  date.

     b)   You will be entitled to participate in the company's stock option plan
          when  grants  are  determined  by  the  Board  of  Directors.

     c)   You  will  be  entitled  to  a  cash or stock bonus of up to twice the
          amount of your annual compensation if and when granted by the Board of
          Directors subject to the achievement of annual performance criteria as
          approved  by  the  Board.

     d)   You  will  invoice  the  company  periodically  for your out of pocket
          expenses  such  as  travels,  meals  and  entertainment and other such
          expenses  related  to  the  execution  of  your  duties.

4.   Non competition

     The  contract  will  contain  the  usual  provision  prohibiting  you  from
     competing  with  the  company anywhere in the world for a period of two (2)
     years  from  the  expiration  or  termination  of  your  services.

5.   Duties

     Your  duties  shall  include:

     -    Day  to  day  management  responsibility  for  your  company
     -    Management  of  all  senior  managers  and  execution of the company's
          business  plan
     -    Developing  customer  relations  and  awareness  of  FWTI's  business
     -    Maintaining  effective  investor  and  public  relations
     -    Regular  liaison with International Development Corp. and FWTI'S Board
          of  Directors
     -    Any  other duties as determined by the Chairman and Board of Directors

<PAGE>
6.   Termination for any reason

     The Company shall have the right to terminate your contract at any time
     with a payment of three months salary calculated from the date of
     termination with payment to be made in the form of either cash or company
     stock as determined by the Board of Directors at that time.

6.   Termination by Employee

     The employee shall provide a minimum of three (3) months notice of his
     desire to terminate the Contract.

Please sign this letter below to indicate your agreement with the above stated
terms.

Yours truly

/s/ Betty Ann Harland
----------------------------
Betty Ann Harland
Chairman & CEO
Freshwater Technologies Inc.

Agreed this 15th day of March, 2005

/s/ Robert C. Glassen
----------------------------
Robert C. Glassen

<PAGE>Exhibit 4.1

                         VELOCITY ASSET MANAGEMENT, INC.
                                 PROMISSORY NOTE
                                $_______________

This Promissory Note is made on April 15, 2005

         BETWEEN the Borrower VELOCITY ASSET MANAGEMENT, INC.

whose address is 48 S. Franklin Turnpike, Ramsey, NJ 07446, referred to as
"BORROWER."

         AND the Lender  _________________.

whose address is ______________________________
referred to as the "Lender".

The word "Lender" means the original Lender and anyone else who takes this note
by transfer.

         Borrower's Promise to Pay Principal and Interest. In return for a loan
that the Borrower received, the Borrower promises to pay the sum of
$______________,along with interest at the rate of 7% by means of quarterly
payments of $_______________ beginning June 30, 2005 (pro rata) and on the last
day of each quarter of the year thereafter, with the last payment being the sum
of $____________ and accrued interest. Under any circumstance, and
notwithstanding the aforementioned payment schedule, the Borrower will pay all
amounts owed under this Note no later than April 15, 2006. All payments will be
made to the Lender at my address set forth above.

         RENEWABLE TERM and NOTICE of TERMINATION. Unless the Lender gives
notice to the Borrower of his intent to terminate this note in writing at the
address for the Borrower set forth above 90 days prior to the due date of all
amounts due hereunder, i.e. one (1) year from the date of this note, then this
note shall renew for an additional one (1) year term on the same terms and
conditions set forth herein, unless otherwise agreed by the Borrower and the
Lender prior to the renewal of the term.

         Signatures. I agree to the terms of this Note. If the Borrower is a
corporation, its proper corporate officers sign and its corporate seal is
affixed.

By:
    ----------------------------
    John C. Kleinert
    President and CEOExhibit 4.1

                         VELOCITY ASSET MANAGEMENT, INC.
                                 PROMISSORY NOTE
                                $_______________

This Promissory Note is made on April 15, 2005

         BETWEEN the Borrower VELOCITY ASSET MANAGEMENT, INC.

whose address is 48 S. Franklin Turnpike, Ramsey, NJ 07446, referred to as
"BORROWER."

         AND the Lender  _________________.

whose address is _________________________________________________________
referred to as the "Lender".

The word "Lender" means the original Lender and anyone else who takes this note
by transfer.

         Borrower's Promise to Pay Principal and Interest. In return for a loan
that the Borrower received, the Borrower promises to pay the sum of
$______________,along with interest at the rate of 7% by means of quarterly
payments of $_______________ beginning June 30, 2005 (pro rata) and on the last
day of each quarter of the year thereafter, with the last payment being the sum
of $____________ and accrued interest. Under any circumstance, and
notwithstanding the aforementioned payment schedule, the Borrower will pay all
amounts owed under this Note no later than April 15, 2006. All payments will be
made to the Lender at my address set forth above.

         RENEWABLE TERM and NOTICE of TERMINATION. If the Lender gives notice to
the Borrower of his intent to extend this note in writing at the address for the
Borrower set forth above 90 days prior to the due date of all amounts due
hereunder, i.e. one (1) year from the date of this note, then this note shall
renew for an additional one (1) year term on the same terms and conditions set
forth herein, unless otherwise agreed by the Borrower and the Lender prior to
the renewal of the term.

         Signatures. I agree to the terms of this Note. If the Borrower is a
corporation, its proper corporate officers sign and its corporate seal is
affixed.

By:
    --------------------------------
    John C. Kleinert
    President and CEO<PAGE>

Exhibit 10.14

                                 AGREEMENT AMONG

(1)  PACIFICNET STRATEGIC INVESTMENT HOLDINGS LIMITED, AND PACIFICNET INC.
(2)  GUANGZHOU DIANXUN COMPANY LIMITED
(3)  GUANGZHOU DIANXUN DIGITAL NETWORK TECHNOLOGY CO., LTD
(4)  PACIFICNET CLICKCOM LIMITED
(5)  ZHANG, MING
(6)  LAI, JINNAN (7) LIU, DONG

                     FOR THE SALE AND PURCHASE OF SHARES IN
                           PACIFICNET CLICKCOM LIMITED

THIS AGREEMENT is made on December 16, 2004.

AMONG:

(1)    PACIFICNET STRATEGIC INVESTMENT HOLDINGS LIMITED (Chinese Company Name),
       a company existing under the laws of the British Virgin Islands whose
       principal place of business is at Room 2710, Hong Kong Plaza, 188
       Connaught Road West, Hong Kong. (hereafter referred as the "PURCHASER").
       The Purchaser is a wholly owned subsidiary of PacificNet Inc. ("PACT"), a
       company incorporated under the laws of the State of Delaware in the
       United States of America whose principal office is situate at 860 Blue
       Gentian Road, Suite 360, Eagan, MN 55121-1575, the United States of
       America, the shares of which are listed on the NASDAQ stock exchange in
       the United States of America under the trading symbol of "PACT".

(2)    GUANGZHOU DIANXUN COMPANY LIMITED (Chinese Company Name, a company
       incorporated in Guangzhou, China whose principal place of business is
       Room 803, GuangRi Building, Shi You Nan Road, Wuyang XinCheng, Guangzhou
       510613, China (Chinese Address "(1) (hereinafter referred to as the
       "Guangzhou Dianxun");

(3)    GUANGZHOU DIANXUN DIGITAL NETWORK TECHNOLOGY CO., LTD (Chinese Company
       Name ), a company incorporated in Guangzhou, China whose principal place
       of business is Room 803, GuangRi Building, Shi You Nan Road, Wuyang
       XinCheng, Guangzhou 510613, China (Chinese Address) (hereinafter referred
       to as the "COMPANY" or "Clickcom");

(4)    PACIFICNET CLICKCOM LIMITED (Chinese Company Name), a company existing
       under the laws of the British Virgin Islands whose principal place of
       business is Room 803, GuangRi Building, Shi You Nan Road, Wuyang
       XinCheng, GuangZhou 510613, China and (hereinafter referred to as the
       "HOLDING COMPANY");

(5)    ZHANG, MINGOAA/ ("WENCHU") (PRC PASSPORT: G09161800), LAI, JINNAN
       AU1/2OAI ("MARCO") (PRC PASSPORT: G10920356), and LIU, DONGAOP.)
       residents of PRC, located at No.8, No.8 Street, Luyiju, CliFford Estates,
       Panyu Borough, Guangzhou, Guangdong, China, at 901, No 3 Door, No3
       Building, 388 JinNin Road, XiangZhou Borough, Zhuhai, Guangdong, China
       O-D(1)u(1)aP. , and at803 GuangRi BuiLding, WuYangXinCheng, SiYou South
       Road, Guangzhou, Guangdong, China, respectiVely (hereinafter jointly
       referred to as the "WARRANTOR"); and

(6)    ZHANG, MING, LAI, JINNAN, AND LIU, DONG residents of PRC, located at
       No.8, No.8 Street, Luyiju, Clifford Estates, Panyu Borough, Guangzhou,
       Guangdong, China ; at 901, No 3 Door, No3 Building, 388 JinNin Road,
       XiangZhou Borough, Zhuhai, Guangdong, China O-D(1)u(1)aP. and at 803
       GuangRi Building, WuYangXinCheng, SiYou South Road, Guangzhou, Guangdong,
       China O-D(1)u(1)aP. , respectively (hereinafter jointly referred to as
       the "SELLER").

                                       1
<PAGE>

WHEREAS:

A.     The Company is a private company incorporated under the laws of the
       People's Republic of China whose principal place of business is Room 803,
       GuangRi Building, Shi You Nan Road, Wuyang XinCheng, Guangzhou 510613,
       China (Chinese Address)

B.     The Company has a paid-in capital of HKD1,000,000 representing the entire
       capital of the Company (the "SHARES"), and is beneficially owned by
       shareholder as set out in Part I of Schedule 1.

C.     The Company, directly and through its various contractual arrangements
       and service/consulting agreements with GuangZhou DianXun Company Limited
       (Chinese Company Name: a People's Republic of China limited liability
       corporation ("Guangzhou Dianxun") located at, is engaged in the business
       of providing value-added telecom services (VAS), internet and mobile
       entertainment application development, mobile game software design and
       development, mobile customer relationship management (CRM) services for
       China's telecom operators, mobile marketing and promotion services,
       management and consulting services, mobile internet information
       technology, mobile payment and mobile point of sale (POS) solutions,
       mobile consumer analytics, mobile data-mining, internet e-commerce and
       mobile commerce, mobile applications based on WAP, KJava, BREW, EMS,
       short messaging services (SMS), multimedia messaging services (MMS),
       outsourced game development, and other mobile value-added services (VAS)
       in the PRC, and operates the following internet and mobile gaming web
       sites: www.Mo168.com (the "Business");

D.     The Holding Company owns 100% of the Company. Therefore, the Company is a
       Wholly Owned Foreign Enterprise (WOFE) of the Holding Company. Zhang,
       Ming, Lai, Jinnan, and Liu, Dong own 60% (=2298/3830), 30% (=1149/3830),
       and 10% (=383/3830) of the Holding Company, respectively.

E.     The Seller wishes to sell to the Purchaser, and the Purchaser wishes to
       purchase from the Seller, 1625 ordinary shares of the Holding Company
       (the "SALE SHARES"); and, in addition, the Holding Company agrees to
       issue to the Purchaser, and the Purchaser agrees to subscribe from the
       Holding Company, 670 ordinary shares of the Holding Company (the
       "SUBSCRIPTION SHARES") (details of which are set out in Part III of
       Schedule 1), which in total represent 51% of the 4500 final shares amount
       of the Holding Company, all upon the terms and subject to the conditions
       set forth herein.

F.     The Purchaser requires the Warrantor, jointly and severally, to give such
       representations, warranties, covenants and undertakings as are set out
       herein as a condition to the Purchaser's entry into this Agreement.

       NOW, THEREFORE, in consideration of the promises and the mutual
       agreements and covenants hereinafter set forth, and intending to be
       legally bound hereby, the parties to this Agreement hereby agree as
       follows:

1.        INTERPRETATION

1.1    The Recitals and Schedules form part of this Agreement and shall have the
       same force and effect as if expressly set out in the body of this
       Agreement and any reference to this Agreement shall include the Recitals
       and Schedules.

1.2    In this Agreement except where the context otherwise requires the
       following words and expressions shall have the following meanings:

"BVI"                    The British Virgin Islands;

                                       2
<PAGE>

"COMPLETION"             completion of the sale and purchase of the Sale Shares
                         and the issuance and allotment of the Subscription
                         Shares to the Purchaser in accordance with Clause 5 of
                         this Agreement;

"COMPLETION DATE"        JANUARY 17, 2004 on or before 6 p.m.  Beijing Time (or
                         such later date as the parties  shall agree
                         in writing);

"CONDITIONS"             the conditions contained or referred to in Clause 4;

"CONSIDERATION"          the consideration payable for the sale and purchase of
                         the Sale Shares and the subscription of the
                         Subscription Shares of the Holding Company pursuant to
                         Clause 3 [as adjusted by clause 6];

"HONG KONG"              Hong Kong Special Administrative Region of the PRC;

"HK$"                    Hong Kong dollars

"RMB"                    Chinese Renminbi

"PACT SHARES"            Ordinary shares of PACT;

"PRC"                    People's Republic of China;

"SALE                    SHARES" the 1625 ordinary shares of HK$1.00 each in the
                         capital of the Holding Company (being 1625/3830 of the
                         Holding Company that represents 42.4% of the Holding
                         Company) such shares being beneficially owned by and
                         registered in the name of the Seller in the proportions
                         inter se set out in Part II of Schedule 1;

"SUBSCRIPTION            SHARES" the 670 new ordinary shares of HKD$1.00 each in
                         the capital of the Holding Company (being 670/4500
                         which together with the Sale Shares, being 2295/4500 =
                         51% of entire issued share capital of the Holding
                         Company enlarged by the allotment and issue of the
                         Subscription Shares) to be issued to the Purchaser;

"US$"                    United States dollars;

"UNITED STATES"          United States of America;

1.3    Words and phrases (not otherwise defined in this Agreement) the
       definitions of which are contained or referred to in the Companies
       Ordinance (Cap. 32) shall be construed as having the meanings thereby
       attributed to them.

1.4    References in this Agreement to ordinances and to statutory provisions
       shall be construed as references to those ordinances or statutory
       provisions as respectively as modified (on or before the date hereof) or
       re-enacted (whether before or after the date hereof) from time to time
       and to any orders, regulations, instruments or subordinate legislation
       made under the relevant ordinances or provisions thereof and shall
       include references to any repealed ordinance or provisions thereof which
       has been so re-enacted (with or without modifications).

1.5    The headings are for convenience only and shall not affect the
       construction of this Agreement.

1.6    All representations, undertakings, warranties, indemnities, covenants,
       agreements and obligations given or entered into by more than one person
       are given or entered into jointly and severally.

1.7    Except where the context otherwise requires words denoting the singular
       include the plural and vice versa; words denoting any one gender include
       all genders; words denoting persons include incorporations and firms and
       vice versa.

1.8    Reference to clauses, sub-clauses, paragraphs and schedules are (unless
       the context requires otherwise) to clauses, sub-clauses, paragraphs and
       schedules of this Agreement.

1.9    The expressions the "Holding Company", the "Company", the "Seller" and
       the "Purchaser" shall unless the context requires otherwise shall include
       their successors, personal representatives and permitted assigns.

                                       3
<PAGE>

1.10   The schedules and appendices form part of this Agreement.

2.     SALE OF SHARES AND SUBSCRIPTION OF THE SUBSCRIPTION SHARES

2.1    Subject to the terms of this Agreement, the Seller shall sell as
       beneficial owner and the Purchaser (relying on the representations,
       warranties, agreements, covenants, undertakings and indemnities
       hereinafter referred to) shall purchase the SALE SHARES free from all
       options, liens, charges, pledges, claims, agreements, encumbrances,
       equities and other third party rights of any nature whatsoever and
       together with all rights of any nature whatsoever now or hereafter
       attaching or accruing to it including all rights to any dividends or
       other distribution declared paid or made in respect of them after the
       date of this Agreement.

2.2    Subject to and upon the terms and conditions of this Agreement, the
       Purchaser shall subscribe for and the Company shall allot and issue the
       Subscription Shares free from all options, liens, charges, pledges,
       claims, agreements, encumbrances, equities and other third parties rights
       of any nature whatsoever subject to and upon the terms and conditions of
       this Agreement.

2.3    The Subscription Shares shall be allotted and issued fully paid, and
       shall rank pari passu in all respects among themselves and with the
       Shares in issue on the date of allotment and issue, including the right
       to receive all dividends, distributions and other payments made or to be
       made the record date for which falls on or after the date of such
       allotment and issue.

3.        CONSIDERATION

3.1    The Consideration below for the Sale Shares and Subscription Shares of
       the Holding Company shall be settled in accordance with the following
       provisions that the Purchaser will pay the Seller or the Holding Company
       as the case may be:

       a)     USD 650,000 payable in PACT Shares, equivalent to 130,000
              Restricted PACT Shares (the "Escrow Shares") based on a valuation
              of USD 5 per PACT share, payable to SELLER OR THEIR NOMINEE(S) for
              the Sale Shares (1625 ordinary shares out of a total of 4500
              shares of Holding Company), in accordance with the following:

              o      Within 30 days of the signing of this agreement, PURCHASER
                     shall deliver to the Escrow Agent (designated by the
                     Purchaser) the Escrow Shares, to be held under the terms of
                     an escrow agreement to be entered into with the Escrow
                     Agent, being all the purchase consideration.
              o      A Common Stock Purchase Warrant to purchase 50,000 shares
                     ("Warrant Shares") of PACT Common Stock, par value $0.0001
                     per share. The exercise price of one share of Common Stock
                     (the "Exercise Price") under this Warrant shall be the
                     5-Day Volume Weighted Average Price of the common stock of
                     PACT before the signing date of this Agreement, exercisable
                     within 3 years from the date of issuance.

           In exchange, Seller will transfer to the Purchaser 1625 out of a
           total of 4500 outstanding shares of the Holding Company;

       b)     USD 268,000 (approximately RMB 2,216,360 using exchange rate of
              1USD= 8.27 RMB) PAYABLE TO THE HOLDING COMPANY FOR THE
              SUBSCRIPTION SHARES within 45 days after the Completion as defined
              in Clause 5 of this Agreement, and;

3.2    In the event that:

       (a)    the Purchaser fails to receive any required regulatory approvals
              by the US SEC, NASDAQ, or fails to receive the approval of the
              Shareholders of PACT if required; or
       (b)    the conditions set out in Clause 4 shall not have been fulfilled
              by the Completion Date or such other date as the parties hereto
              may agree in writing; or
       (c)    the transaction is not completed for any reason by DECEMBER 31,
              2004;

                                       4
<PAGE>

           the Escrow Agreement shall provide that the Escrow Shares shall be
           returned to the Purchaser within ten (10) days following the date on
           which the Purchaser provides that such conditions have not been met.

3.3    Escrow Arrangement for Escrow Shares

       Warrantor hereby agrees and acknowledges that the total Consideration
       payable by PACT is based on Warrantor's warranty in respect of the Net
       Income of the Company as described in this section. In this regard
       Warrantor hereby agrees to allow the Purchaser to appoint the Escrow
       Agent upon the terms of the Escrow Agreement in the agreed terms to hold
       all the Escrow Shares to be issued in accordance with the Escrow
       Agreement and this Agreement on Completion and Warrantor undertakes that
       it shall not either sell, transfer, charge, encumber, grant options over
       or otherwise dispose of, or of any legal or beneficial interest in any of
       the Escrow Shares until such part of the Escrow Shares are released by
       the Escrow Agent to Warrantor in accordance with the following schedule :
<TABLE>
      ----------------------------------- ---------------------------- ------------------------------------------------
                                          Number of Shares to be       Release Criteria based on Accumulated Net
      Release Date                        Released                     Income
      ----------------------------------- -----------------------------------------------------------------------------
                                          (Assuming receipt by PACT Auditors of certification that the auditor's
                                          review relating to the Holding Company, the Company, and its business
                                          is acceptable and can be consolidated into PACT's audited accounts, balance
                                          sheet and financial statements, in accordance with the US GAAP.)
      ----------------------------------- ---------------------------------- ------------------------------------------
      <S>                                 <C>                                 <C>
      3.3.1.  45 days after closing.      26,000 restricted
                                          PACT Shares
      ----------------------------------- ---------------------------------- ------------------------------------------
      3.3.2. Within 30 days from the      26,000 restricted                  Company has achieved Cumulative Net
      receipt of the Auditors             PACT Shares                        Income for the 3 months ending on March
      certification of the Net Income                                        31, 2005 not less than USD 100,000.
      for the 3 months ending on
      March 31, 2005.
      ----------------------------------- ---------------------------------- ------------------------------------------
      3.3.3. Within 30 days from the      26,000 restricted                  Company has achieved Cumulative Net
      receipt of the Auditors             PACT Shares plus any shortfall     Income for the 6 months ending on June
      certification of the Net Income     of unreleased restricted PACT      30, 2005 not less than USD 260,000.
      for the 6 months ending on June     Shares in 3.3.2
      30, 2005.
      ----------------------------------- ---------------------------------- ------------------------------------------
      3.3.4. Within 30 days from the      26,000 restricted                  Company has achieved Cumulative Net
      receipt of the Auditors             PACT Shares plus any shortfall     Income for the 9 months ending on
      certification of the Net Income     of unreleased restricted PACT      September 30, 2005 not less than USD
      for the 9 months ending on          Shares in 3.3.2 and 3.3.3          420,000.
      September 30, 2005.
      ----------------------------------- ---------------------------------- ------------------------------------------
      3.3.5. Within 30 days from the      26,000 restricted                  Company has achieved Cumulative Net
      receipt of the Auditors             PACT Shares plus any shortfall     Income for the 12 months ending on
      certification of the Net Income     of unreleased restricted PACT      December 31, 2005 not less than USD
      for the 12 months ending on         Shares in 3.3.2, 3.3.3 and 3.3.4   600,000.
      December 31, 2005.
      ----------------------------------- ---------------------------------- ------------------------------------------
      TOTAL NUMBER of PACT Shares to be   130,000 restricted                 Company will be entitled to the entire escrow
      released from the Escrow            PACT Shares                        shares if it has achieved Cumulative Net
                                                                             Income for the 12 months ending on
                                                                             December 31, 2005 not less than USD
                                                                              600,000.
      ----------------------------------- ---------------------------------- ------------------------------------------
</TABLE>

         Purchaser agrees that on the relevant release date (as referred to in
         the above schedule) THE SELLER OR ITS NOMINEE(S) will collect the
         relevant portion of the Escrow Shares from the Escrow Agent (if the
         respective Release Criteria has been fully met).
         The Seller hereby appoints Tony Tong and Victor Tong proxies and
         attorneys-in-fact, with full power to each of substitution and
         revocation, on behalf and in the name of the Seller, to represent the
         Seller at all Meetings of Stockholders of the Company, or at any
         adjournment or postponement thereof, and to vote all shares of common
         stock of the Company which the Seller would be entitled to vote.

3.4    Net Income Warranty by Warrantor, Bonus Shares, and Penalty

       3.4.1  Warrantor warrants, represents and undertakes that:

              (i)    the total Net Income of the Company for the 12 months
                     ending on December 31, 2005 ("First Term") will not be less
                     than USD 600,000.

                                       5
<PAGE>

              (ii)   the total Net Income of the Company for the 12 months
                     ending on December 31, 2006 ("Second Term") will not be
                     less than USD 800,000.

       3.4.2  BONUS SHARES FOR ACHIEVING NET INCOME EXCEEDING THE PROFIT
              GUARANTEE:
              (i)    Subject to Completion having occurred and the terms of this
                     Agreement, after the end of First Term, within 30 days of
                     the Auditors certification that the audited financial
                     statements relating to Company and its business is
                     acceptable and can be consolidated into PACT's audited
                     accounts, balance sheet and financial statements, in
                     accordance with the US GAAP, the Warrantor shall be
                     entitled to subscribe for and be issued and allotted the
                     following number of Bonus Shares at par value based on the
                     Net Income of the Company, according to the following
                     formula: Number of Bonus Shares to be issued for First Term
                     = ( Net Income Amount in USD for First Term in excess of
                     USD 600,000) x 20% / ( 30-Day Volume Weighted Average Price
                     of the common stock of PACT beginning from the day after
                     the end of the First Term).
              (ii)   The Number of Bonus Shares must not exceed 50,000 shares of
                     the common stock of PACT.
              (iii)  Upon the Warrantor being entitled to subscribe for the
                     relevant number of Bonus Shares pursuant to the above
                     formula and payment of the par value on each Bonus Share to
                     PACT, the Purchaser shall procure PACT to issue the
                     relevant number of Bonus Shares to the Warrantor within 30
                     days of the Announcement of the First Term Result.

       3.4.3  PENALTY IN CASE OF SHORTFALL OF NET INCOME BELOW USD 800,000 FOR
              THE SECOND TERM:
              In the event that Company produces only a portion of the annual
              Net Income warranted by Warrantor for the Second Term, then Seller
              shall return to Purchaser the number of PACT shares equivalent to
              the dollar amount of the shortfall of the Net Income divided by
              USD 5 (the original per share price of the PACT stock at the
              closing).

3.5    In case of any stock split or reverse stock split by PACT, the number of
       PACT shares to be issued, awarded, or returned will be adjusted according
       to the stock split ratio.

3.6    USE OF PROCEEDS: The cash from Purchaser to Company will be used for
       general operation mainly to acquire hardware components and for market
       development. Purchaser will appoint financial controller to Company.

3.7    Preemptive Right for the Purchaser to Maintain 51% Ownership: All parties
       hereby agree that upon Completion, the Company shall have preemptive
       rights indefinitely to purchase additional shares at a price per share
       calculated at a net earning ratio of three, including new shares and
       preemptive shares, in order for the Purchaser to maintain a 51% ownership
       in the Company after the issuance of the new shares.

4      CONDITIONS

4.1    Any of the obligations of Purchaser hereunder is conditional upon:

       4.1.1  the Purchaser being satisfied in its sole and absolute discretion
              with the results of a legal and financial due diligence review to
              be conducted by it on the Holding Company, the Company, and
              Guangzhou Dianxun (the "Companies");

       4.1.2  if required, the relevant stock exchange, government and
              securities authority and regulator in the United States granting
              listing of the PACT Shares to be issued herein;

       4.1.3  if required, a resolution at a meeting of the Directors of PACT
              approving this Agreement, the purchase of the Sale Shares and the
              Subscription of the Subscription Shares, creating and giving
              authority for the issue of the Escrow Shares, the implementation
              of the transactions contemplated hereunder and all other matters
              incidental hereto in accordance with the provisions of PACT's
              articles of incorporation and Bylaws and such rules, regulations
              and laws in force from time to time in the United States and which
              apply to PACT;

       4.1.4  if required, the shareholders of PACT at a meeting of shareholders
              approving this Agreement, the purchase of the Sale Shares,
              creating and giving authority for the issue of the Escrow Shares,
              the implementation of the transactions contemplated hereunder and
              all other matters incidental hereto in accordance with the
              provisions of PACT's articles of incorporation and Bylaws and such
              rules, regulations and laws in force from time to time in the
              United States and which apply to PACT;

                                       6
<PAGE>

       4.1.5  all amounts outstanding to the Seller by the Companies have been
              either repaid to the Companies or otherwise waived; and

       4.1.6  the Purchaser being satisfied at its sole and absolute discretion
              that the accounts of the Companies can be consolidated into PACT's
              audited financial statement, including balance sheet and income
              statements in accordance with the US GAAP.

4.2    The Warrantor and the Companies undertake to disclose in writing to the
       Purchaser anything which will or may prevent any of the conditions from
       being satisfied at or prior to Completion, as applicable, immediately
       upon the Warrantor and/or the Companies becoming aware of such a
       situation.

4.3    From the date of this Agreement until Completion, except for the
       transactions described herein or otherwise with the prior written consent
       of the Purchaser:

       (a)    The Warrantor warrants and undertakes that they will cause the
              Companies to:

              (i)    conduct its Business in the ordinary course and consistent
                     with past practices;

              (ii)   use its best efforts to maintain in full force and effect
                     the existence of the Companies;

              (iii)  promptly and timely prepare and file any financial reports
                     and franchise tax returns and pay all taxes and
                     assessments, if any, required to maintain the existence of
                     the Companies;

              (iv)   keep records in which true and correct entries will be made
                     of all material transactions by and with the Companies;

              (v)    duly observe all material requirements of governmental
                     authorities unless contested in good faith by appropriate
                     proceedings with the consent of the Purchaser;

              (vi)   promptly pay and discharge, or cause to be paid and
                     discharged, when due and payable, all lawful taxes,
                     assessments and governmental charges or levies imposed upon
                     the income, profits, property or business of the Companies
                     unless contested in good faith by appropriate proceedings
                     with the consent of the Purchaser;

              (vii)  at all times comply with the provisions of all contracts,
                     agreements and leases to which the Companies is a party,
                     unless contested in good faith by appropriate proceedings
                     with the consent of the Purchaser; and

              (viii) to use best endeavors to procure that the employees of the
                     Companies at the date of this Agreement remain and continue
                     as employees after completion;

       (b)    The Warrantor warrants and undertakes to cause the Companies not
              to:

              (i)    modify its [Memorandum or Articles of Incorporation or]
                     [Bylaws];

              (ii)   cause or permit its liquidation or dissolution;

              (iii)  institute, or permit to be instituted against it, any
                     proceeding, which remains undismissed for a period of [30]
                     days after the filing thereof, seeking to adjudicate it as
                     bankrupt or insolvent, or seeking liquidation, winding-up,
                     reorganization, arrangement, adjustment, protection, relief
                     or composition of it or its debts under any law relating to
                     bankruptcy, insolvency or reorganization or relief of
                     debtors, or seeking the entry of any order or relief or the
                     appointment of receiver, trustee or other similar official
                     for it or for any substantial part of its property;

              (iv)   make a general assignment for the benefit of its creditors;

              (v)    except as agreed in this Agreement, declare or pay any
                     dividend or make any distribution to any of its
                     shareholders;

                                       7
<PAGE>

              (vi)   issue, redeem, sell or dispose of, or create any obligation
                     to issue, redeem, sell or dispose of, any shares of its
                     capital stock (whether authorized but unissued or held in
                     treasury);

              (vii)  effect any stock split, reclassification or combination;

              (viii) modify its agreements and other obligations with respect
                     to its long-term indebtedness, including but not limited to
                     its loan agreements, indentures, mortgages, debentures,
                     notes and security agreements.

              (ix)   Negotiate or enter into an agreement with another party
                     related to the sale of the Companies.

4.4    Until Completion, the Warrantor, the Companies shall procure that the
       Purchaser, its agents and representatives are given reasonable access to
       such documents relating to the Companies, as the Purchaser shall request.
       The Companies will assist the Purchaser's auditor to complete the audit
       report of the Companies in accordance with the US GAAP by August 31,
       2004.

4.5    The Warrantor warrants, represents and undertakes that there shall have
       been no Material Adverse Change in the assets or the business, prospects,
       financial condition or results of operations of the Companies.

4.6    The Purchaser shall be entitled to rescind this Agreement by notice in
       writing to the Seller, the Companies if prior to Completion it appears
       that any of the Warranties is not or was not true and accurate in all
       respects or if any act or event occurs which, had it occurred on or
       before the date of this Agreement, would have constituted a breach of any
       of the Warranties or if there is any material non fulfillment of any of
       the Warranties which (being capable of remedy) is not remedied prior to
       Completion.

5         COMPLETION

5.1    Subject to the terms of this Agreement and subject to the approval of the
       board of directors of the Purchaser, Completion shall take place pursuant
       to this clause at the offices of the Purchaser's Legal Counsel on the
       Completion Date.

5.2    Upon Completion the Seller and the Holding Company shall deliver to the
       Purchaser:

            (i)    duly completed and signed transfers of the Sale Shares by the
                   registered holders thereof in favor of the Purchaser or as it
                   may direct together with the relative bought/sold notes and
                   share certificates;

            (ii)   duly completed, executed and validly issued share
                   certificates of the Sale Shares and the Subscription Shares
                   in favor of the Purchaser or as it may direct;

            (iii)  certified true copies of the minutes of meetings of the
                   Holding Company's board of directors and shareholders
                   approving the transfer, assignment and allotment of the Sale
                   Shares to the Purchaser;

            (iv)   certified true copies of the minutes of meetings of the
                   Holding Company's board of directors and shareholders
                   approving this Agreement and all matters herein contemplated
                   and the transfer and assignment of its Sale Shares and the
                   issuance and allotment of the Subscription Shares to the
                   Purchaser.

5.3    Upon Completion the Purchaser shall deliver to the Seller and the Holding
       Company:

            (i)   a copy of resolutions of the board of directors of the
                  Purchaser approving this Agreement and other documents
                  necessary for the purpose of effecting this transaction and
                  authorizing a person or persons to execute the same (with
                  seal, where appropriate) for and on its behalf.

            (ii)  an application letter duly signed by the Purchaser for the
                  Subscription of the Subscription Share.

                                       8
<PAGE>

            (iii) cheques in installments drawn for USD268,000 and made payable
                  to the Holding Company within 45 days of Completion.

6         REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS

6.1    The Companies, the Seller, and the Warrantor, jointly and severally,
       represent, warrant and undertake to the Purchaser (to the intent that the
       provisions of this clause shall continue to have full force and effect
       notwithstanding completion) that:

       6.1.1  each of the Warranties is true and accurate in all respects and
              not misleading at the date of this Agreement and will continue to
              be true and accurate in all respects and not misleading up to and
              including the Completion Date;

       6.1.2  the Companies and the Seller have and will have full power and
              authority to enter into and perform this Agreement and the Deed of
              Indemnity which constitute or when executed will constitute
              binding obligations on them in accordance with their respective
              terms;

       6.1.3  the Sale Shares and the Subscription Shares will constitute 51
              PERCENT of the entire issued and allotted capital of the Holding
              Company, enlarged by the allotment and issuance of the
              Subscription Shares, on a fully diluted basis,

       6.1.4  the Holding Company owns 100 PERCENT of the entire issued and
              allotted capital of the Company on a fully diluted basis;

       6.1.5  there have been no options, warrants, pledges, bonds or any
              instrument or agreement of the like whatsoever granted to any
              third party by any of the Seller in favor of any third party in
              respect of any shares in the Companies;

       6.1.6  there is and at completion will be no pledge, lien or other
              encumbrance on, over or affecting the Sale Shares and there is and
              at completion will be no agreement or arrangement to give or
              create any such encumbrance and no claim has been or will be made
              by any person to be entitled to any of the foregoing;

       6.1.7  the Seller will be entitled to transfer the full legal and
              beneficial ownership of the Sale Shares to the Purchaser on the
              terms of this Agreement without the consent of any third party and
              the Holding Company will be entitled to issue the Subscription
              Shares without any further consent or approval when issued, the
              subscription shares shall be dully issued and authorized;

       6.1.8  the Seller is an "accredited investor" as defined pursuant to
              Regulation D of the Securities Act of 1933, as amended. The Seller
              acknowledges that the Escrow Shares have not been registered and
              are "restricted securities";

       6.1.9  the Company listed in Part I of Schedule 2 are all the present
              subsidiaries of the Holding Company;

       6.1.10 the information in Schedule 2 relating to the Companies is true
              and accurate in all respects;

       6.1.11 the Holding Company is the 100% beneficial owner the shares in the
              Company free from any encumbrance, and the Seller is the 100%
              beneficial owner the shares in the Holding Company free from any
              encumbrance;

       6.1.12 the contents of the Disclosure Letter and of all accompanying
              documents are true and accurate in all respects and fully, clearly
              and accurately disclose every matter to which they relate;

       6.1.13 each of the Companies are duly incorporated and validly existing
              in its relevant jurisdiction of incorporation;

       6.1.14 each of the Companies will implement all the necessary financial
              control procedures, certification and representation letters, as
              required by PacificNet's management, audit committee, independent
              auditor, the US SEC, and the USA, Hong Kong and China governments.

                                       9
<PAGE>

7      RESTRICTIONS

7.1    The Companies, the Seller, and the Warrantor undertakes to the Purchaser
       that they shall not without the prior written consent of the Purchaser
       for a period of 2 YEARS after Completion either solely or jointly with or
       on behalf of any other person, firm, company, trust or otherwise whether
       as director, shareholder, employee, partner, agent or otherwise:

       (a)   carry on or be engaged or interested directly or indirectly in any
             capacity (except as the owner of shares or securities listed or
             dealt in on a stock exchange in Hong Kong, PRC, and USA or
             elsewhere held by way of investment only) in any business which
             shall be in competition within Greater China and USA with the
             Company or its subsidiaries in the current Business of the Company;

       (b)   solicit or entice or endeavor to solicit or entice away from the
             Company or its subsidiaries any employee, officer, manager,
             consultant (including employees who are directors) of the Company
             or its subsidiaries or any persons whose services are otherwise
             made available to the Company or its subsidiaries;

       (c)   deal with, canvass, solicit or approach or cause to be dealt with,
             canvassed or solicited or approached for business in respect of any
             trade or business carried on or service provided by the Company or
             its subsidiaries any person, firm or company who at Completion or
             within two years prior to Completion was a customer, supplier,
             client, representative, agent of or in the habit of dealing under
             contract with the Company or the Subsidiaries;

7.2    The Companies, the Seller, and the Warrantor further undertake to the
       Purchaser that:

       (a)   they will not at any time hereafter make use of or disclose or
             divulge to any person other than to officers or employees of the
             Companies whose province it is to know the same any information
             relating to the Companies or the subsidiaries other than any
             information properly available to the public or disclosed or
             divulged pursuant to an order of a court of competent jurisdiction;

       (b)   they will not at any time hereafter in relation to any trade,
             business or company use a name, or internet domain name including
             the word [or symbol, or logo design] Clickcom ("??") and MO168, or
             any similar word [or symbol] in such a way as to be capable of or
             likely to be confused with the name of the Companies [or any
             subsidiary] and shall use all reasonable endeavors to procure that
             no such name shall be used by any person, firm or company with
             which [it is/they are] connected;

       (c)   they will procure that its subsidiaries, holding company and any
             other affiliated companies and its employees will observe the
             restrictions contained in this Clause 7;

       (d)   they shall not do anything which might prejudice the goodwill of
             the Companies or its subsidiaries.

7.3    Each and every obligation under this clause shall be treated as a
       separate obligation and shall be severally enforceable as such and in the
       event of any obligation or obligations being or becoming unenforceable in
       whole or in part such part or parts as are unenforceable shall be deleted
       from this clause and any such deletion shall not affect the
       enforceability of all such parts of this clause as remain not so deleted.

7.4    The restrictions contained in this clause 7 are considered reasonable by
       the parties but in the event that any such restriction shall be found to
       be void but would be valid if some part thereof were deleted or the area
       of operation or the period of application reduced such restriction shall
       apply with such modification as may be necessary to make it valid and
       effective.

7.5    Nothing in this Clause 7 shall apply to:

       (a)   (b) the direct or indirect holding of any securities listed on a
             recognized stock exchange where the total voting rights exercisable
             at general meetings of the company concerned as represented by such
             holding do not exceed 10 per cent of the total voting rights
             attaching to the securities of the same class as that held by the
             Companies, the Seller, and the Warrantor; or

                                       10
<PAGE>

       (c)   the holding by the Companies, the Seller, and the Warrantor of any
             securities of any member of the Group; or

       (d)   the use or disclosure of any information which can be shown by
             Seller to be in the public domain (otherwise than in consequence of
             any breach by any of the Companies, the Seller, and the Warrantor
             of any provisions of this Agreement).

8      RIGHT OF FIRST REFUSAL

8.1    Before any shares in the Companies may be sold or otherwise transferred
       or disposed of by any of the Shareholders of the Companies ("Selling
       Shareholder", including but not limited to the Seller), the Purchaser
       shall have a right of first refusal ("Right of First Refusal") to
       purchase such shares ("Offered Securities") in accordance with Clauses
       (8.2) and (8.3) below.

8.2    Before the transfer or disposal of any Offered Securities, the Selling
       Shareholder shall deliver to the Purchaser and the Company a written
       notice ("Transfer Notice") stating :-

       (a)    the Selling Shareholder's intention to sell or otherwise dispose
              of such Offered Securities;
       (b)    the name of each proposed purchaser or other transferee (a
              "Proposed Transferee");
       (c)    the number of Offered Securities to be transferred to each
              Proposed Transferee; and
       (d)    the cash price and/or other consideration for which the Selling
              Shareholder proposes to transfer the Offered Securities to the
              Proposed Transferee ("OFFERED PRICE").

       The Transfer Notice shall certify that the Selling Shareholder has
       received a firm offer from the Proposed Transferee(s) and in good faith
       believes a binding agreement for the Disposal is obtainable on the terms
       set forth in the Transfer Notice. The Transfer Notice shall also include
       a copy of any written proposal, term sheet or letter of intent or other
       agreement relating to the proposed disposal. The Transfer Notice shall
       constitute an irrevocable offer by the Selling Shareholder to sell the
       Offered Securities to the Purchaser.

8.3    The Purchaser shall have a right, upon notice to the Selling Shareholder
       at any time within 15 calendar days after receipt of the Transfer Notice,
       to purchase all, any or a portion of such Offered Securities at (a) such
       price per share of the Offered Securities as (i) determined by an
       independent international appraiser experienced in the valuation of such
       shares and business of the Company as chosen by the Purchaser or (ii) the
       Offered Price, which ever shall be lower ("Purchaser Offer Price"); and
       (b) upon the same terms (or as similar as reasonably possible), upon
       which the Selling Shareholder is proposing or is to dispose of such
       Offered Securities, save the sale/purchase price shall be the Purchaser
       Offer Price, and the Selling Shareholder shall, upon receipt of the
       notice of purchase from the Purchaser, sell such Offered Securities to
       the Purchaser pursuant to such terms, with such closing to take place
       within 45 calendar days after delivery of the Transfer Notice ("Purchase
       Right Period").

8.4    If any of the Offered Securities proposed in the Transfer Notice to be
       transferred are not purchased by the Purchaser, then after expiry of the
       Purchase Right Period, the Selling Shareholder may sell or otherwise
       transfer or dispose of such Offered Securities which have not been
       purchased by the Purchaser at the Offered Price or at a higher price,
       provided that such sale or other transfer shall be completed and
       consummated within 45 days after the expiry of Purchase Right Period, and
       provided further that the Proposed Transferee agrees in writing that the
       provisions of this Agreement and any shareholder's agreement between the
       Purchaser and the Seller regulating their respective rights within the
       Company (if any) shall continue to apply to the Offered Securities that
       are transferred to the Proposed Transferee. If the Offered Securities
       described in the Transfer Notice are not transferred to the Proposed
       Transferee within such 45 day period, such Selling Shareholder will not
       transfer or dispose of any Offered Securities unless such securities are
       first re-offered to the Purchaser in accordance with Clauses (8.2) and
       (8.3) above.

Notwithstanding the procedures set forth above, if one Party wishes to transfer
its ownership shares to its affiliate, the other Party shall promptly give
consent to such proposed transfer and waive the right of first refusal.
"Affiliate" shall mean any company which, through ownership of voting stock or
otherwise, is controlled by, under common control with, or in control of, a
Party; "control" shall mean ownership, directly or indirectly, of more than
fifty percent (50%) of the securities having the right to vote for the election
of directors in the case of a corporation, and more than fifty percent (50%) of
the beneficial interests in the capital in the case of a business entity other
than a corporation.

                                       11
<PAGE>

9         BOARD OF DIRECTORS, OPERATION AND MANAGEMENT

9.1    The board of directors of each of the Companies shall be the highest
       authority of their respective Companies and shall determine all major
       issues of the respective Companies, subjected to applicable law.

9.2    The board of directors of each of the Companies shall be nominated by
       their respective shareholders and composed of FIVE (5) directors, 3
       directors and the Company Legal Representative to be nominated by
       Purchaser and 2 directors to be nominated by the Warrantor.

9.3    The boards of directors shall meet at least once every quarter. A Board
       meeting may be called by any director.

9.4    Each of the Companies shall establish an operation and management
       structure to be responsible for the daily operation and management of the
       respective Companies. The officers of each of the Companies shall include
       one (1) General Manager, one (1) Vice General Manager, and one Chief
       Financial Officer.

9.5    The task of the General Manager shall be to carry out the various
       resolutions of the board of directors of the respective Companies and
       organize and direct the daily operation and management of the resepective
       Company. The operation and management structure may consist of certain
       departments, the managers for which shall be responsible for the work of
       the relevant departments, handle matters delegated by the General Manager
       and the Vice General Manager, and report to the General Manager and the
       Vice General Manager.

9.6    In the event of graft or serious dereliction of duty, the General
       Manager, the Vice General Manager, and the Company Legal Representative
       may be removed and replaced by the board of directors of the respective
       Companies with a resolution at any time.

10     INDEMNITY

The Seller and the Warrantor will indemnify and will keep indemnified and save
harmless the Purchaser (for itself and as trustee for the Companies from and
against any and all losses, claims, damages (including lost profits,
consequential damages, interest, penalties, fines and monetary sanctions)
liabilities and costs incurred or suffered by the Purchaser by reason of,
resulting from, in connection with, or arising in any manner whatsoever out of
the breach of any Warranties or covenants or the inaccuracy of any
representation of the Seller or the Warrantor contained or referred to in this
Agreement or in any agreement, instrument or document delivered by or on behalf
of the Seller or the Warrantor in connection therewith including, but not
limited to, any dimunition in the value of the assets of and any payment made or
required to be made by the Purchaser or the Companies or any Subsidiary and any
costs and expenses incurred as a result of such breach provided that the
indemnity contained in this clause 9 shall be without prejudice to any other
rights and remedies available to the Purchaser;

11     COSTS

The Purchaser shall pay for all the due diligence costs, not exceeding USD
5,000, including auditing and valuation appraisal costs, fairness opinion
letter, legal costs, and expenses and other incidental costs and disbursements
in relation to the negotiations leading up to the purchase of the Sale Shares
and to the preparation, execution and carrying into effect of this Agreement.
The costs exceeding the amount of USD 5,000 shall be borne equally by the Seller
and the Purchaser.

12     COMPLETE AGREEMENT

This Agreement represents the entire and complete agreement between the parties
in relation to the subject matter hereof and supersedes any previous agreement
whether written or oral in relation thereto. No variations to this Agreement
shall be effective unless made or confirmed in writing and signed by all the
parties hereto.

13     SEVERABILITY

In the event that any provision of this Agreement is held to be unenforceable,
illegal or invalid by any court of competent jurisdiction, the validity,
legality or enforceability of the remaining provisions shall not be affected nor
shall any subsequent application of such provisions be affected. In lieu of any
such invalid, illegal or unenforceable provision, the parties hereto intend that
there shall be added as part of this Agreement a provision as similar in terms
to such invalid, illegal or unenforceable provision as may be possible and be
valid, legal and enforceable.

                                       12
<PAGE>

14     COUNTERPARTS

This Agreement may be executed in counterparts with the same force and effect as
if executed on a single document and all such counterparts shall constitute one
and the same instrument.

15     NOTICES

Any notice required to be given under this Agreement shall be sufficiently given
if delivered in person, forwarded by registered post or sent by overnight
international couriers or facsimile transmission to the relevant party at its
address, or fax number set out below (or such other address as the addressee has
by five days prior written notice specified to the other parties) :

             To the Purchaser      :
             Attn:    Victor Tong, President
                      PacificNet Strategic Investment Holdings Limited and
                      PacificNet Inc.
                      860 Blue Gentian Road, Suite 360, Eagan, MN 55121, USA

             To the Company and Guangzhou Dianxun:
             Attn:    Mr. Zhang, MingOAA/, General Manager
                      Guangzhou Dianxun Digital Network Technology Co., Ltd
                      Room 803, GuangRi Building, Shi You Nan Road, Wuyang
                      XinCheng, Guangzhou 510613, China (Chinese Address)

             To the Holding Company, the Seller, and the Warrantor:
             Attn:    Mr. Zhang, Ming
                      No.8, No.8 Street, Luyiju, Clifford Estates, Panyu
                      Borough, Guangzhou, Guangdong, China

                      Mr. Lai, Jinnan
                      901, No 3 Door, No3 Building, 388 JinNin Road, XiangZhou
                      Borough, Zhuhai, Guangdong, China and

                      Mr. Liu, Dong
                      803 GuangRi Building, WuYangXinCheng, SiYou South Road,
                      Guangzhou, Guangdong, China

                                       13
<PAGE>

SETTLEMENT OF DISPUTES

16.1   The formation of this Agreement and its Appendices and related
       agreements, and the validity, interpretation, performance and settlement
       of disputes thereof shall be governed by the laws of the Hong Kong SAR.

16.2   Any disputes arising out of or in connection with this Agreement shall be
       resolved through friendly consultations by the Parties; if no agreement
       can be reached through consultations within thirty (30) days after the
       occurrence of such dispute, either Party shall have the right to submit
       such dispute to the International Economic and Trade Arbitration
       Commission Hong Kong Branch for arbitration in Hong Kong in accordance
       with its procedures of arbitration. The arbitral award shall be final and
       binding upon both Parties.

17     GOVERNING LAW AND JURISDICTION

This Agreement shall be governed by and construed in accordance with the laws of
Hong Kong. The parties hereto hereby irrevocably submit to the non-exclusive
jurisdiction of the courts of Hong Kong.

            IN WITNESS WHEREOF, each of the Purchaser, the Holding Company, the
Company, Guangzhou Dianxun, the Seller, and the Warrantor has duly executed, or
has caused to be duly executed by their respective officers thereunto duly
authorized, this Agreement as of the date first written above.

THE PURCHASER: PACIFICNET STRATEGIC INVESTMENT HOLDINGS LIMITED AND PACIFICNET
INC.

                        By:
                                     ------------------------------------------
                        Name:        Victor Tong
                        Title:       President

GUANGZHOU DIANXUN: GUANGZHOU DIANXUN COMPANY LIMITED

                        By:
                                     ------------------------------------------
                        Name:        Mr. Zhang, Ming
                                     Legal Representative and
                        Title:       General Manager

THE COMPANY:  GUANGZHOU DIANXUN DIGITAL NETWORK TECHNOLOGY CO., LTD

                        By:
                                     ------------------------------------------
                        Name:        Mr. Zhang, Ming
                                     Legal Representative and
                        Title:       General Manager

THE HOLDING COMPANY (PacificNet Clickcom Limited), THE SELLER, AND THE
WARRANTOR:

                        By:
                                     -------------------------------------------
                        Name:        Mr. Zhang, Ming         Mr. Lai, Jinnan

                        By:
                                     -------------------------------------------
                        Name:        Mr. Liu, Dong

                                       14
<PAGE>
<TABLE>
<S>     <C>

          SCHEDULE 1

          PART I
          THE COMPANY SHAREHOLDERS AND SHARES

Company Name:  Guangzhou Dianxun Digital Network Technology Co., Ltd

NAME OF SHAREHOLDER (1)                     PERCENTAGE OF SHARES HELD BY THE SHAREHOLDER
-----------------------                     --------------------------------------------
PacificNet Clickcom Limited                 100%

          PART II
          THE HOLDING COMPANY SHAREHOLDERS AND SHARES

Company Name:  PACIFICNET CLICKCOM LIMITED

                                                                                       NUMBER OF SHARES HELD BY
NAME OF SHAREHOLDER (3)            ADDRESS                                             THE SHAREHOLDER (3830)
-----------------------            -------                                             ----------------------

Zhang, Ming                        No.8, No.8 Street, Luyiju, Clifford Estates,        2298
                                   Panyu Borough, Guangzhou, Guangdong, China

Lai, Jinnan                        901, No 3 Door, No3  Building, 388 JinNin Road,     1149
                                   XiangZhou Borough, Zhuhai, Guangdong, China

Liu, Dong                          803 GuangRi Building, WuYangXinCheng, SiYou South   383
                                   Road, Guangzhou, Guangdong, China

      PART III
      The Sale Shares
      1625 ordinary shares of HK$1.00 each of PacificNet Clickcom Limited

      The Subscription Shares
      670 ordinary shares of HK$1.00 each of PacificNet Clickcom Limited
</TABLE>

                                       15
<PAGE>

          SCHEDULE 2

          PART I
          THE COMPANY

NAME                       :        Guangzhou Dianxun Digital Network Technology
                                    Co., Ltd

INCORPORATED IN            :        People's Republic of China

REGISTERED CAPITAL         :        USD 150,000

PAID-IN CAPITAL            :        USD 150,000

REGISTERED OFFICE          :        Room 803, GuangRi Building, Shi You Nan
                                        Road,
                                    Wuyang XinCheng, Guangzhou 510613, China

PHONE/FAX                  :        +86 (20) 87362095 & 87385097 / +86 (20)
                                    87363958
WEB SITE                   :        www.MO168.com

BENEFICIAL SHAREHOLDERS    :       PacificNet Clickcom Limited

REGISTERED SHAREHOLDERS    :       PacificNet Clickcom Limited

LEGAL REPRESENTATIVE       :       Zhang, Ming OAA/

DIRECTORS                  :       Zhang, Ming
                                   Lai, Jinnan
                                   Liu, Dong

                                       16
<PAGE>

          PART II
          THE HOLDING COMPANY

NAME                          :             PacificNet Clickcom Limited

INCORPORATED IN               :             British Virgin Islands

AUTHORIZED SHARE CAPITAL      :             HK$10,000.00

NO. ISSUED SHARES             :             3,830 SHARES
NOMINAL SHARE VALUE           :             HK$1
ISSUED SHARE CAPITAL          :             HK$3,830.00

REGISTERED OFFICE             :             Room 2710, Hong Kong Plaza
                                            188 Connaught Road West, Hong Kong.
BENEFICIAL SHAREHOLDERS       :
                                           Zhang, Ming
                                           Lai, Jinnan
                                           Liu, Dong

REGISTERED SHAREHOLDERS       :
                                           Zhang, Ming
                                           Lai, Jinnan
                                           Liu, Dong

DIRECTORS                     :
                                           Zhang, Ming
                                           Lai, Jinnan
                                           Liu, Dong

                                       17
<PAGE>

SCHEDULE 3

        CONFIDENTIALITY, NON-COMPETITION, AND NON-CIRCUMVENTION AGREEMENT

                       Dated this 16 day of DECEMBER, 2004

Company Name:  GUANGZHOU DIANXUN DIGITAL NETWORK TECHNOLOGY CO., LTD

Company Address: ROOM 803, GUANGRI BUILDING, SHI YOU NAN ROAD, WUYANG XINCHENG,
GUANGZHOU 510613, CHINA

     This Confidentiality and Non-Circumvent Agreement (hereby referred to as
the Agreement) is made effective on the abovementioned date (the Effective Date)
between the abovementioned Company and PacificNet Inc., with an office located
at 860 Blue Gentian Road, Suite 360, Eagan, MN 55121 (hereby know as the
Parties).

CONFIDENTIALITY
---------------

     It is Agreed and Understood that PacificNet own certain confidential and
proprietary information that the Company, from time to time, may need or may
have acquired in order to explore business or investment opportunity of mutual
interest.

     Confidential Information means any information and/or material which is
proprietary to PacificNet, whether or not owned or developed by PacificNet,
which is not generally know other than by PacificNet, and which either Party may
obtain through any direct or indirect contact with the other Party. Confidential
Information will be conspicuously identified when, or soon after, it is
originally disclosed, as "Confidential" or "Proprietary".

     Confidential Information includes without limitation, business records and
plans, customer and partner lists, investor and investee lists, bank and lending
lists, trade secrets, pricing structures, business sources, computer programs,
names and expertise of employees and consultant and other technical, business,
financial, customer and product development plans, forecasts, strategies and
information. Confidential information does not include: matters of public
knowledge; information rightfully received by the Company from a third Party
without a duty of confidentiality; information independently developed by either
Party; information disclosed by operation of law; information disclosed by
PacificNet with the prior written consent of the Company; and any other
information that PacificNet agrees in writing is not confidential.

     The Company understands and acknowledges that Confidential Information has
been developed or obtained by PacificNet by the investment of significant time,
effort and expense, and that the Confidential Information is a valuable, special
and unique asset of the respective Parties. Therefore, the Company agree to hold
in confidence and not to disclose the Confidential Information to any person,
employee or entity [including their affiliates, subsidiaries, stockholders,
partners, trading partners and other associated organizations (herein referred
to as affiliates)] without the prior written consent of the other Party that
owns the Confidential Information for a period of three (3) years from the
Effective Date hereof unless Parties enter into a Relationship, in which case,
this Agreement remains in effect for the term of the partnering agreement and
after the termination of said partnering agreement or when all Confidential
Information has been returned to its owner, whichever occur first.

     Immediately upon the earlier of (i) the written request of the disclosing
party or (ii) the termination of this Agreement, the receiving party will return
to the disclosing party all Confidential Information of the disclosing party and
all documents or media containing any such Confidential Information and any and
all copies or extracts thereof, which remain the property of the disclosing
party at all times.

                                       18
<PAGE>

NON-CIRCUMVENTION
-----------------

     Both Parties agree that neither Party shall circumvent the other Party with
regards to any transaction resulting from the disclosure of Confidential
Information from one Party to the other Party. Specifically, but without
limitation, the Company will not approach PacificNet's business partner(s),
potential investor(s) and investee(s) in circumvention of PacificNet. Each Party
undertake not to directly contact deal with transact Business with or otherwise
be involved with any Corporation, Partnership, Proprietorship, Trust,
Individual, Affiliate, or other Entity introduced by either Party without the
specific written permission of the Introducing Party. In the event of
circumvention of this agreement by either party, directly or indirectly, the
circumvented party shall be entitled to legal monetary penalty equal to the
maximum potential investment return and service it should realize from such a
transaction plus any and all expenses, including, but nut limited to, all legal
costs and expenses to recover the lost revenue.

GENERAL PROVISIONS
------------------

     This Agreement sets forth the entire understanding of the Parties regarding
confidentiality and non-circumvention. Any amendments must be in writing and
signed by both Parties. Each Party shall take reasonable steps to ensure that
their Employees, Agents, Representatives, Officers, Independent Contractors
Shareholders, Principals, Affiliates, and other Third Parties- also - abide by
the provisions of this Agreement. This Agreement shall not be assignable by
either Party, and neither Party may delegate its duties under this Agreement,
without prior written consent of the other Party. This Agreement shall remain in
effect until canceled in writing by both Parties. This agreement creates no
obligation to purchase, sell, develop, research or disclose anything. It grants
no license or right to use proprietary technology. It creates no agency or
partnership. This agreement is governed by Minnesota and the US law. Injunctive
relief can be granted for any breach of the agreement, as money damages would
not cure the harm from the breach. It supersedes all prior nondisclosure or
similar agreements between the parties as to the Proprietary Information
disclosed after the Effective Date. It binds the parties, their heirs,
successors, subsidiaries, associates, affiliates, and assignees. Any controversy
or claim arising out of this Agreement, which could not be settled amicably
between the Parties themselves, shall be decided by arbitration in accordance
with the International Chamber of Commerce (ICC) Rules of Arbitration and the
Non-Circumvention and Non-Disclosure Laws and Provisions, in the nearest
Regional ICC Court of Administration. In any proceedings to interpret or enforce
the agreement, the prevailing party shall receive from the other party costs and
reasonable attorney fees, including costs and fees incurred in preparation
therefore and on appeal therefrom.

AGREED and ACCEPTED, by

Signature: ______________________

Name: VICTOR TONG, PRESIDENT

Company: PACIFICNET INC.

PacificNet Clickcom Limited, and
Guangzhou Dianxun Digital Network Technology Co., Ltd

Signature: ___________________________    Signature: ___________________________

Name: MR. ZHANG, MING                     Name: MR. LAI, JINNAN

Title: GENERAL MANAGER                    Title: DIRECTOR

                                       19

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