Document:

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                                                                    EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT

         This Employment Agreement (this "Agreement") is entered into as a
November 1, 2000, by and between Intra-Asia Entertainment Corporation, a
Delaware corporation (the "Company"), and Michael Demetrios ("Demetrios").

         1. Employment.

               1.1 Employment as Chairman and Chief Executive Officer. The
Company agrees to employ Demetrios, and Demetrios agrees to be employed by the
Company, as the Company's Chief Executive Officer for the period beginning on
January 1, 2001 (the "Effective Date") and ending on December 31, 2001 (the
"Employment Period"), unless such employment is terminated earlier pursuant to
Section 4. Demetrios will serve as Chairman of the Company's Board of Directors
(the "Board") during the Employment Period. Upon his termination as the
Company's Chief Executive Officer, Demetrios shall promptly resign as Chairman
of the Board, if so requested by the Company.

               1.2 Extension of Employment Period. The Company may, upon written
notice given to Demetrios no later than October 31, 2001, extend the term of the
Employment Period for one additional year, i.e., to end on December 31, 2002.

               1.3 Duties as Employee. Demetrios agrees to serve the Company as
Chief Executive Officer during the Employment Period. Demetrios will report to
the Board of Directors and his duties shall be those customary for a Chief
Executive Officer of a company similar to the Company and such other duties as
are specified by the Company's Board. In case of a reorganization, merger,
consolidation, liquidation, dissolution, sale of all or substantially all of the
Company's assets or similar event, the Board reserves the right, in its sole
discretion to change or modify Demetrios' title or duties hereunder as it deems
appropriate in good faith, provided, however that his duties as modified shall
be substantially similar to those engaged in prior to any such transaction.
During the Employment Period, Demetrios shall devote full time to, and use his
best efforts to advance, the business and welfare of the Company. Demetrios
shall not directly or indirectly render any service of a business, commercial,
or professional nature to any other person, organization or other entity,
whether for compensation or otherwise, directly or indirectly, without the prior
written consent of a majority of the members of the Board. Notwithstanding the
foregoing, Demetrios shall be entitled to provide consulting services, to the
extent not a Competing Activity (as defined in Section 7.1 of this Agreement),
subject to the prior written consent of a majority of the members of the Board,
such consent by the Board not to be unreasonably withheld.

                  A. At the discretion of the Board, Demetrios will have full
control and authority over operating and capital expenditures by the Company,
and will approve all such expenditures in advance of their being made or
incurred. It is understood by the parties that the proceeds of any initial
public offering may be used only to improve Fuhua Park or any subsequently
acquired park. Demetrios will have authority to hire a bilingual Vice President
to be responsible for Fuhua Park operations.

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         2. Salary and Benefits.

               2.1 Salary and Bonus. The Company shall pay Demetrios a salary at
the annual rate of $200,000 per year payable at least as frequently as monthly
and subject to such payroll deductions as may be necessary or customary in
respect of the Company's salaried employees in general. Demetrios' bonus
arrangements are as set forth in Exhibit A hereto.

               2.2 Savings and Retirement Plans. Demetrios shall be entitled to
participate at the discretion of the Board in all savings and retirement plans,
practices, policies and programs applicable generally to other senior executives
of the Company.

               2.3 Vacations. Demetrios shall be entitled to two weeks paid
vacation during each year of the Employment Period.

               2.4 Expenses. Demetrios shall be entitled to receive prompt
reimbursement for all reasonable employment expenses incurred by him in
accordance with the policies, practices and procedures as in effect generally
with respect to other senior executives of the Company. Demetrios will be
compensated for business class air-fare in accordance with Company Policy.

               2.5 Automobile Allowance. During the Employment Period, Demetrios
will be provided with a monthly car allowance not to exceed $450.

               2.6 Fringe Benefits. Demetrios shall be entitled to fringe
benefits (including health, disability and other insurance) in accordance with
the plans, practices, programs and policies as in effect generally with respect
to other senior executives of the Company.

         3. Additional Compensation.

         Incentive Options. In further consideration of Demetrios' employment
hereunder, the Company hereby grants to Demetrios' the option to purchase all or
any portion of five percent (5%) of the shares of the common stock of the
Company that are outstanding as of the Effective Date of this Agreement, which
stock option shall be subject to the terms and conditions set forth in Exhibit B
to this Agreement. Exhibit B is an integral part of this Agreement.

         4. Termination. The term of Demetrios' employment under this Agreement
may terminate as hereinafter provided, in which case (i) Demetrios shall be
entitled to the amounts set forth in Section 4.3 hereof and (ii) Demetrios shall
remain subject to the provisions of Sections 5, 6 and 7 hereof to the extent
applicable. The Employment Period shall not extend for any period beyond the
second anniversary of the Effective Date unless agreed to in writing by
Demetrios and the Company.

               4.1 Death or Disability. If Demetrios dies or becomes disabled
during the Employment Period, Demetrios' employment under this Agreement shall
automatically terminate upon death or after three consecutive months of
disability, as the case may be. "Disability" shall mean any physical or mental
illness that renders Demetrios unable to perform his agreed-upon services under
this Agreement. Such disability shall be determined by a licensed physician not
affiliated with the parties to this Agreement. In the event of Demetrios'

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death, the amounts due him pursuant to this Agreement through the date of his
death shall be paid to whomever he has previously designated or, in the event no
such designation is made, to his estate, or to the beneficiaries of his estate.

               4.2 Termination for Cause. Demetrios' employment under this
Agreement may be terminated by the Company for "cause", as determined in good
faith by the Board. The term "cause" is defined as any one or more of the
following occurrences:

                  A. Demetrios' continuing repeated willful failure or refusal
to perform his duties as required by this Agreement or other material breach of
this Agreement, provided, that termination of Demetrios' employment pursuant to
this subsection (a) shall not constitute valid termination for cause unless
Demetrios shall have first received written notice from the Board stating with
specificity the nature of such failure or refusal and affording Demetrios at
least 15 days to correct the act or omission complained of;

                  B. Gross negligence, material violation by Demetrios of any
duty of loyalty to the Company or any other material misconduct on the part of
Demetrios, provided that termination of Demetrios' employment pursuant to this
subsection (b) shall not constitute valid termination for cause unless Demetrios
shall have first received written notice from the Board stating with specificity
the nature of such failure or refusal and affording Demetrios at least 15 days
to fully correct the act or omission complained of and to indemnify the Company
for any damage caused to it by such act or omission;

                  C. Demetrios' conviction by, or entry of a pleas of guilty or
nolo contendere in a court of competent and final jurisdiction for any crime
involving moral turpitude or punishable by imprisonment in excess of six months
in the jurisdiction involved; or

                  D. Demetrios' commission of an act of fraud, whether prior to
or subsequent to the date hereof, upon the Company.

               4.3 Payments Upon Termination.

                  A. Completion of Employment Period. If at the end of the
Employment Period the parties have not agreed in writing to extend the term of
Demetrios' employment with the Company, Demetrios shall receive his salary and
any applicable bonus through the date of such termination. Options vested at
such termination date shall be exercisable in accordance with the respective
terms of Exhibit B. Options not vested at such termination date shall be
immediately cancelled. In no event shall Demetrios be entitled to receive
additional salary, bonus, options or compensation of any other kind hereunder.

                  B. Death or Disability. In the event of Demetrios' termination
as set forth in Section 4.1 hereof, he shall receive his salary and the pro rata
portion of any applicable bonus payment through the date of such termination.
Options vested at such termination date shall be exercisable in accordance with
the respective terms of Exhibit B. Options not vested at such termination date
shall be immediately cancelled. In no event shall Demetrios be entitled to
receive additional salary, bonus, options or compensation of any other kind
hereunder.

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                  C. Voluntary Termination or Termination for Cause. In the
event of Demetrios' voluntary termination or his termination for cause as set
forth in Section 4.2 hereof, he shall receive his salary through the date of
such termination. Options not exercised as of such termination date shall be
immediately cancelled. In no event shall Demetrios be entitled to receive
additional salary, bonus, options or compensation of any other kind hereunder.

                  D. Termination Without Cause. In the event of Demetrios'
termination by the Company other than for cause as set forth in Section 4.2
hereof, he shall receive his salary through the date of such termination plus an
additional month's salary as provided in Section 2.1 hereof. Options vested at
such termination date shall be available in accordance with the respective terms
of Exhibit B. Options not exercised on or before such termination date shall be
immediately cancelled. In no event shall Demetrios be entitled to receive
additional salary, bonus, options or compensation of any other kind hereunder.

         5. Ownership of Intangibles. Demetrios hereby grants and assigns to the
Company all of his right, title and interest in and to any ideas, designs,
techniques, processes, trademarks, inventions and improvements (collectively,
"Inventions") arising during the term of this Agreement, which Inventions relate
to the business of the Company or any of its affiliates, or to actual or
demonstrable anticipated research or development of the Company or any of its
affiliates, or results from work performed by Demetrios for the Company or any
of its affiliates, together with all patents that are pending or have been
issued in the United States and in all foreign countries during the term of this
Agreement with respect to such Inventions (the "Proprietary Rights"). All such
Proprietary Rights shall be the sole and exclusive property of the Company and
shall remain such notwithstanding the subsequent termination of employment under
this Agreement. To the extent that any Proprietary Rights or other ideas,
designs, techniques, processes, trademarks, inventions or improvements used by
the Company during the term of this Agreement rely upon or use patented or
unpatented Inventions that Demetrios has made or conceived prior to the date of
this Agreement, Demetrios hereby grants an exclusive, perpetual, royalty-free,
worldwide license to use such Invention.

         6. Confidential Information. Demetrios agrees that during the
Employment Period, he will be dealing with proprietary, nonpublic and
confidential information, including inventions and processes developed by the
Company or any of its affiliates, relating to the present and prospective
business, assets and good will of the Company or any of its affiliates (all of
the foregoing referred to as "confidential information"). Without limiting the
generality of the foregoing, it is understood that Demetrios will have access to
information regarding intellectual property of the Company or any of its
affiliates, inventions and ideas under development by them, and information
regarding the actual and prospective business and customers of the Company or
any of its affiliates. Demetrios agrees that he will not disclose to anyone,
directly or indirectly, any of such confidential matters, or use them other than
in the course of performing his obligations under this Agreement. All documents
prepared by Demetrios in connection with the services provided herein, and all
confidential information (however embodies or recorded) that might be given to
him are the exclusive property of the Company and shall be returned to the
Company at its request. After termination of Demetrios' employment with the
Company, he shall not, without the prior written consent of the Company, or as
may otherwise be required by law or legal process, communicate or divulge any
such information, knowledge or data to anyone other than the Company and those
designated by it in writing. Demetrios acknowledges that

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such actions could cause irreparable harm to the Company and that the Company
may obtain an injunction or other equitable relief to enforce this provision.
Furthermore, upon termination of this Agreement, Demetrios shall promptly
deliver to the Company all books, memoranda, records and written data in
original form of every kind relating to the business and affairs of the Company
that may then be in his personal possession.

         7. Noncompetition.

               7.1 No Competing Activities. Demetrios agrees that, while he is
employed by the Company, he shall not engage or participate in any state of the
United States, directly or indirectly, either as an owner, partner, director,
trustee, officer, employee, consultant, advisor or in any other individual or
representative capacity, in any activity which is the same as, similar to or
competitive in any manner with the business of the Company or its members or
affiliates (herein, a "Competing Activity") or have any investment in a business
which is engaged in a Competing Activity (other than an ownership interest of
less than 5% of any company whose securities are listed on the New York Stock
Exchange, the American Stock Exchange or the Nasdaq National Market). Demetrios
further agrees that in the event of a termination for cause as set forth in
Section 4.2 hereof, he shall not, for a two-year period following such
termination of employment, engage in a Competing Activity or have any investment
in a business which is engaged in a Competing Activity (other than an ownership
interest of less than 5% of any company whose securities are listed on the New
York Stock Exchange, the American Stock Exchange or the Nasdaq National Market).

               7.2 Reasonable Limitations. Demetrios acknowledges that, given
the nature of the Company's business, the covenants contained in this Section 7
contain reasonable limitations as to time, geographical area and scope of
activity to be restrained, and do not impose a greater restraint than is
necessary to protect the legitimate business interests of the Company. If,
however, this Section 7 is determined by any court of competent jurisdiction, or
in any arbitration, as the case may be, to be unenforceable by reason of its
extending for too long a period of time or over too large a geographic area or
by reason of its being too extensive in any other respect or for any other
reason it will be interpreted to extend only over the longest period of time for
which it may be enforceable and/or over the largest geographical area as to
which it may be enforceable and/or to the maximum extent in all other aspects as
to which it may be enforceable, all as determined by such court, or in such
arbitration, as the case may be.

               7.3 Acknowledgement. Demetrios understands that the restrictions
in Section 7.1 hereof may limit his ability to earn a livelihood in a business
similar to the business of the Company, but he nevertheless believes that he has
received and will receive sufficient consideration hereunder and otherwise as an
employee of the Company to justify such restrictions which, in any event, given
his education, abilities and skills, Demetrios does not believe would prevent
him from earning a living. The Company agrees that Demetrios shall be entitled
to provide consulting services, to the extent not a Competing Activity, subject
to the prior written consent of a majority of the members of the Board, such
consent by the Board not to be unreasonably withheld.

         8. Arbitration of Disputes. In the event of a dispute between Demetrios
and the Company with respect to the terms and conditions of this Agreement or
with respect

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to Demetrios' employment by the Company, both parties agree that any such
dispute shall be submitted to binding arbitration, and both parties specifically
waive any right they might otherwise have to a jury trial. The arbitration shall
be conducted in accordance with the laws of the State of California, and to the
extent applicable and not otherwise inconsistent with such laws, the rules of
the American Arbitration Association. The decision of any such arbitrator or
arbitrators (including any injunctive or other equitable relief) shall be
enforceable by the federal or state courts located in Los Angeles County, and
both parties submit to the jurisdiction of such courts for the purposes set
forth in this Agreement.

         9. Miscellaneous.

               9.1 Modification and Waiver of Breach. No waiver or modification
of this Agreement shall be binding unless it is in writing signed by the parties
hereto. No waiver of a breach hereof shall be deemed to constitute a waiver of a
future breach, whether of a similar or dissimilar nature.

               9.2 Assignment. This Agreement shall inure to the benefit of and
shall be binding upon the Company, its successors and assigns. The obligations
and duties of Demetrios hereunder are personal and not assignable, whether
voluntarily or involuntarily or by operation of law or otherwise.

               9.3 Notices. All notices and other communications required or
permitted under this Agreement shall be in writing, served personally on, or
mailed by certified or registered United States mail to, the party to be charged
with receipt thereof. Notices and other communications served by mail shall be
deemed given hereunder 72 hours after deposit of such notice or communication in
the United States Post Office as certified or registered mail with postage
prepaid and duly addressed to whom such notice or communication is to be given,
in the case of (a) the Company, Attention: Chairman, or (b) Demetrios, to the
address set forth below his name on the signature page hereof. Any such party
may change said party's address for purposes of this Section 9.3 by giving to
the party intended to be bound thereby, in the manner provided herein, a written
notice of such change.

               9.4 Counterparts. This instrument may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same Agreement.

               9.5 Governing Law. This Agreement shall be construed in
accordance with, and governed by, the internal laws of the State of California.

               9.6 Savings Clause. If any provision of this Agreement or the
application thereof is held invalid, the invalidity shall not affect other
provisions or applications of the Agreement which can be given effect without
the invalid provisions or applications and to this end the provisions of this
Agreement are declared to be severable.

               9.7 Complete Agreement. This instrument constitutes and contains
the entire agreement and understanding concerning Demetrios' employment and the
other subject matters addressed herein between the parties, and supersedes and
replaces all prior negotiations and all

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agreements proposed or otherwise, whether written or oral, concerning the
subject matters hereof. This is an integrated document.

         IN WITNESS WHEREOF, the undersigned have executed this Agreement on the
day and year first above written.

DEMETRIOS                           THE COMPANY:

                                    INTRA-ASIA ENTERTAINMENT
                                    CORPORATION

  /s/  Michael Demetrios
                                    By:    /s/ Jun Yin
-----------------------------         ----------------------------------------
Michael Demetrios

Address:

6201 Mulholland Way

Los Angeles, CA 90068

-------------------------

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                                    EXHIBIT A

                                   BONUS PLAN

      The Company agrees to pay Demetrios a bonus of 1% of the funds raised
up to a maximum of $150,000 if the Company is successful in effecting an initial
public offering of the Company's common stock ("IPO") by October 31, 2002. The
Company agrees to consider in good faith paying an operating bonus based on
operating results.

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                                    EXHIBIT B

                                  STOCK OPTION

         Stock Option. In further consideration of all services performed by Mr.
Demetrios under this Agreement, the Company hereby grants to Mr. Demetrios an
option to purchase up to five percent (5%) of the common stock of the Company
that are outstanding as of the Effective Date of this Agreement. Notwithstanding
any provisions under the Agreement to the contrary, such option shall be subject
to the following terms:

          (a)  The purchase price to be paid for such common shares upon
               exercise of the stock option shall be the per share price
               established by the IPO, as such term is defined in Exhibit A to
               the Agreement.

          (b)  Except as otherwise provided herein, the stock option will be
               exercisable only during the ten-year period commencing on the
               Effective Date of the Agreement and ending on December 31, 2010
               (the "Option Period").

          (c)  The stock option shall become fully vested and exercisable by Mr.
               Demetrios as follows:

                    fifty percent (50%) upon completion of the IPO, provided
                    that Mr. Demetrios remains in the employ of the Company;

                    one (1) year following the date of the IPO - another fifty
                    percent (50%) provided that Mr. Demetrios remains in the
                    employ of the Company.

               Any portion of the stock option that is not immediately exercised
               upon vesting by Mr. Demetrios shall accumulate and may be
               exercised at any time during the Option Period. No partial
               exercise of the stock option may be for less than 100 shares.

          (d)  The stock option (to the extent then exercisable) may be
               exercised during the Option Period, in whole at any time or in
               part from time to time, by giving the Company notice in writing
               to that effect, specifying the number of whole shares as to which
               the stock option is exercised. Payment of the purchase price for
               the shares with respect to which the stock option is exercised
               shall be made to the Company upon delivery of such notice, in the
               form of cash or by a certified check, cashier's check, postal or
               express money order payable to the order of the Company, or in
               such other manner as shall be mutually acceptable to the Company
               and Mr. Demetrios in order to facilitate the exercise of the
               stock purchase option, including, but not limited to a "cashless
               exercise" arrangement.

               As soon as practicable after receipt of the notice of exercise
               and payment of the purchase price, the Company shall cause
               certificates for the number of shares with respect to which the
               stock option is exercised to be issued in Mr. Demetrios'

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               name or in the name of his executors, administrators, or other
               legal representatives, heirs, legatees, next of kin or
               distributees.

          (e)  The stock option shall not be transferable by Mr. Demetrios other
               than to a family trust or by will or the laws of descent and
               distribution, and shall be exercisable, during his lifetime, only
               by Mr. Demetrios or the trustee of the family trust.

          (f)  Upon the death or disability (as defined in Section 4.1 of the
               Agreement) of Mr. Demetrios, Mr. Demetrios or his legal
               representatives shall have the right within one (1) year
               thereafter to exercise, in whole or in part, the stock option to
               the extent exercisable by Mr. Demetrios at the time of his death.
               In no event, however, may the stock option be exercised at any
               time after December 31, 2010.

          (g)  The Company at its election may terminate the stock option and
               the provisions of the stock option shall become null and void and
               inoperative immediately upon any attempted sale, assignment,
               transfer, or other disposition by Mr. Demetrios of the stock
               option or any of his right, title, and interest therein;
               provided, however, that nothing herein shall be construed as
               prohibiting Mr. Demetrios from providing for the transfer of the
               stock option to a family trust or the disposition of the stock
               option or his right, title, and interest in it upon his death (at
               any time while he has the right to exercise the stock option) by
               will or testamentary device or, as prohibiting the transfer of
               the stock option by the laws of descent and distribution.

          (h)  The price and the number of shares covered by the stock option
               shall be subject to equitable adjustment by the Company, if while
               the stock option is outstanding there is a change in the shares
               of common stock of the Company through merger, consolidation,
               reorganization, recapitalization, reincorporation, stock split,
               reverse stock split, stock dividend or other change in the
               corporate structure of the Company.

          (i)  Neither Mr. Demetrios nor any person entitled to exercise Mr.
               Demetrios' rights in the event of his death shall have any of the
               rights of a shareholder with respect to the shares covered by the
               stock option except to the extent that certificates have been
               issued upon the exercise of the stock option.

          (j)  Upon Mr. Demetrios' voluntary termination of his employment under
               the Agreement, Mr. Demetrios shall have a thirty-(30)-day period
               measured from his termination date to exercise the stock option,
               to the extent then vested. In no event, however, may the stock
               option be exercised at any time after December 31, 2010.

          (k)  Upon termination of Mr. Demetrios' employment under the Agreement
               by the Company, without cause, on or after the completion date of
               the IPO, Mr. Demetrios shall have the right to exercise the stock
               option to the extent then vested, within a one (1)-year period
               measured from his termination date. In no

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               event, however, may the stock option be exercised at any time
               after December 31, 2010.

          (l)  Upon termination of Mr. Demetrios' employment under the Agreement
               by the Company for cause (as defined in Section 4.2 of the
               Agreement), the stock option shall, to the extent not yet
               exercised, terminate immediately upon delivery of the notice of
               termination.

                                      B-3<PAGE>

                                                                    Exhibit 10.3

                            INDEMNIFICATION AGREEMENT

        This Indemnification Agreement (the "AGREEMENT") is entered into as of
_________, 2001 between Intra-Asia Entertainment Corporation, a Delaware
corporation that has its principal executive office in the State of California
(the "COMPANY"), and ________________________ ("INDEMNITEE").

                                    RECITALS

        A. The Company believes that it is essential to its best interests to
attract and retain highly capable persons to serve as directors, officers and
agents of the Company. Indemnitee is a director, officer and/or other agent of
the Company. The Company and Indemnitee recognize the increased risk of
litigation and other claims being asserted against directors, officers and other
agents of corporations.

        B. In recognition of Indemnitee's need for substantial protection
against personal liability and in order to induce Indemnitee to continue to
provide services to the Company, the Company wishes to provide in this Agreement
for the indemnification of, and the advancement of expenses to, Indemnitee to
the fullest extent permitted by law and as set forth in this Agreement and, to
the extent applicable insurance is maintained, for the coverage of Indemnitee
under the Company's policy of directors' and officers' liability insurance.

        NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, receipt and sufficiency of which hereby are
acknowledged, the Company and Indemnitee hereby agree as follows:

        1. CERTAIN DEFINITIONS.

                (a) BOARD: the Board of Directors of the Company.

                (b) EXPENSES:

                        (i) Any expense, liability or loss (including, without
limitation, reasonable attorneys' fees, judgments, fines, ERISA excise taxes and
penalties and amounts paid in settlement);

                        (ii) Any interest, assessments or other charges imposed
on any of the items in part (i) of this Section 1(b); and

                        (iii) Any federal, state, local or foreign taxes imposed
as a result of the actual or deemed receipt of any payments of amounts described
in this Section 1(b).

                (c) INDEMNIFIABLE EVENT: Any event or occurrence that takes
place either before or after the execution of this Agreement and that is related
to:

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                        (i) The fact that Indemnitee is or was a director,
officer, employee or other agent of the Company or while a director, officer,
employee or other agent of the Company is or was serving at the request of the
Company as a director, officer, employee or other agent of Weifang Fuhua
Entertainment Garden Co., Ltd. (also known as Weifang Fuhua Amusement Park Co.,
Ltd.), a sino-foreign equity joint venture of the People's Republic of China, or
of another foreign or domestic corporation, partnership, limited liability
company, employee benefit plan, trust or other enterprise, or was a director,
officer, employee or other agent of a foreign or domestic corporation or other
enterprise that was a predecessor of the Company or of another enterprise at the
request of such predecessor; or

                        (ii) Anything done or not done by Indemnitee in any such
capacity, whether or not the basis of the proceeding is an alleged action in an
official capacity as a director, officer, employee or other agent, or in any
other capacity while serving as a director, officer, employee or other agent of
the Company, as described in this Section 1(c).

                (d) PROCEEDING: Any threatened, pending or completed action,
suit or proceeding, or any inquiry, hearing or investigation (whether conducted
by the Company or any other party) that Indemnitee in good faith believes might
lead to the institution of any such action, suit or proceeding, whether civil,
criminal, administrative or investigative.

        2. AGREEMENT TO INDEMNIFY.

                (a) GENERAL AGREEMENT. In the event Indemnitee was, is or
becomes a party to or a participant in, or is threatened to be made a party to
or a participant in, a Proceeding (including, without limitation, as a witness)
by reason of (or arising in part out of) an Indemnifiable Event, the Company
shall indemnify Indemnitee from and against any and all Expenses incurred by
Indemnitee in connection with the Proceeding to the fullest extent permitted by
law, as the same exists or may hereafter be amended or interpreted (but in the
case of any such amendment or interpretation, only to the extent that such
amendment or interpretation permits the Company to provide broader
indemnification rights than were permitted prior to that amendment or
interpretation). The parties to this Agreement intend that this Agreement shall
provide for indemnification in excess of that expressly permitted by statute,
including, without limitation, any indemnification provided by the Company's
Certificate of Incorporation, its Bylaws, a vote of its stockholders or
disinterested directors or applicable law.

                (b) INDEMNITEE'S INITIATION OF A PROCEEDING. Notwithstanding
anything in this Agreement to the contrary, Indemnitee shall not be entitled to
indemnification under this Agreement in connection with any Proceeding initiated
by Indemnitee against the Company or any director or officer of the Company
unless:

                        (i) The Company has joined in or the Board has consented
to the initiation or prosecution of such Proceeding; or

                        (ii) The Proceeding is one to enforce indemnification
rights under Section 4(b) below.

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                (c) INDEMNITEE'S SUCCESSFUL DEFENSE OF A PROCEEDING. Without
limiting the scope of Section 2(a) above, to the extent that Indemnitee has been
successful on the merits in defense of any Proceeding relating in whole or in
part to an Indemnifiable Event or in defense of any issue or matter in such
Proceeding, Indemnitee shall be indemnified against all Expenses incurred in
connection with that Proceeding.

                (d) PARTIAL INDEMNIFICATION. If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for a portion of
Expenses, but not for the total amount of Expenses, the Company shall indemnify
Indemnitee for the portion to which Indemnitee is entitled.

                (e) PROHIBITED INDEMNIFICATION. Notwithstanding anything in this
Agreement to the contrary, no indemnification under this Agreement shall be paid
by the Company on account of any Proceeding (i) in which such indemnification is
prohibited by applicable law or (ii) in which the Expenses for which
indemnification is sought are the direct result of the willful misconduct of
Indemnitee.

                (f) REQUIRED SUBMISSION OF INDEMNIFICATION ISSUES TO A COURT.
The Company and Indemnitee acknowledge that, in certain instances, federal or
state law or applicable public policy may require the Company to submit the
question of indemnification to a court for a determination of the Company's
right under law or public policy to indemnify Indemnitee. For example, in
connection with any registered public offering of the Company's securities, the
Company will be required to make such undertaking to the Securities and Exchange
Commission. Indemnitee acknowledges and agrees that the Company will not be in
breach of this Agreement for any such submission.

        3. REVIEWING PARTY. For purposes of this Agreement, the "REVIEWING
PARTY" shall be independent counsel selected in good faith by the Board.
Independent counsel shall not have performed services for the Company or
Indemnitee (other than in connection with indemnification matters) within the
previous three years. Furthermore, independent counsel shall not include any
person who, under the applicable standards of professional conduct then
prevailing, would have a conflict of interest in representing either the Company
or Indemnitee in an action to determine Indemnitee's rights under this
Agreement. If the Company maintains that it is not obligated, or that it may not
be obligated, to make an indemnification payment or advance requested by
Indemnitee, the Reviewing Party shall render a written opinion to the Company
and Indemnitee on whether and to what extent Indemnitee should be permitted to
be indemnified under applicable law and this Agreement. The Company agrees to
pay the reasonable fees of the Reviewing Party and to indemnify fully such
counsel against any and all expenses, including, without limitation, attorneys'
fees, claims, liabilities, loss, and damages arising out of or relating to this
Agreement or the engagement of the Reviewing Party under this Agreement.

        4. INDEMNIFICATION PROCESS AND APPEAL.

                (a) INDEMNIFICATION PAYMENTS AND EXPENSE ADVANCES. Indemnitee
shall receive indemnification of Expenses from the Company in accordance with
this Agreement

                                      -3-
<PAGE>

within thirty (30) days after Indemnitee has made written demand on the Company
for indemnification unless the Reviewing Party has given a written opinion to
the Company that Indemnitee is not entitled to indemnification under this
Agreement or applicable law (subject to Indemnitee's enforcement rights
described in Section 4(b) below). Indemnitee shall submit to the Company
statements that evidence all such Expenses in reasonable detail, including,
without limitation, Expenses for which advances are sought pursuant to the
following paragraph of this Section 4(a).

                Without limiting the generality of the preceding paragraph,
within thirty (30) days after receipt of a written demand from Indemnitee, the
Company (subject to Section 5(c) below) shall advance to Indemnitee all
out-of-pocket Expenses (including, without limitation, reasonable attorneys'
fees, court costs, travel expenses, fees of experts, witness fees and other
costs and expenses of the type customarily incurred in connection with the
prosecuting, defending, being a witness in or investigating a Proceeding) that
are incurred by Indemnitee in connection with (i) prosecuting, defending, being
a witness in or investigating any Proceeding that gives rise to a good faith
claim by Indemnitee for indemnification under this Agreement or (ii) a claim or
action that is brought in good faith by Indemnitee to enforce his rights under
this Agreement or under any directors' and officers' liability insurance policy
maintained by the Company. However, unless otherwise determined by a court
pursuant to Section 4(b) below, the Company shall not be obligated to make such
advances if the Reviewing Party has given a written opinion to the Company that
such advances are prohibited by applicable law or this Agreement. If and to the
extent that a final judicial determination (subject to no further rights of
appeal) is made that Indemnitee is not entitled to be indemnified with respect
to such advanced Expenses under this Agreement or applicable law, Indemnitee
hereby agrees to repay such advances to the Company within twenty (20) days
after such final judicial determination. Indemnitee's agreement to repay such
advanced amounts shall be unsecured, and no interest shall be charged thereon.

                (b) SUIT TO ENFORCE RIGHTS. Regardless of any action by the
Reviewing Party, if Indemnitee has not received full indemnification within
thirty (30) days after making a demand in accordance with Section 4(a),
Indemnitee shall have the right to enforce his indemnification rights under this
Agreement by commencing litigation in a federal or state court that is located
in the State of California or Delaware (but in no other state or foreign
country). Such litigation may seek an initial determination by the court or
challenge any determination made by the Reviewing Party. Any determination by
the Reviewing Party not challenged by Indemnitee or the Company shall be binding
on the Company and Indemnitee. The remedy provided for in this Section 4(b)
shall be in addition to any other remedies available to Indemnitee in law or
equity. However, notwithstanding anything in this Agreement to the contrary and
except for purposes of enforcing a judgment, Indemnitee shall not be entitled to
commence or maintain litigation to enforce or interpret this Agreement in any
court that is not located in the State of Delaware or California.

                (c) DEFENSE TO INDEMNIFICATION, BURDEN OF PROOF AND
PRESUMPTIONS. It shall be a defense to any action brought by Indemnitee against
the Company to enforce this Agreement that it is not permissible, under this
Agreement or applicable law, for the Company to indemnify Indemnitee for the
amount claimed. In connection with any such action or any determination by the
Reviewing Party or otherwise on whether Indemnitee is entitled to be indemnified
under this Agreement, the burden of proving such a defense or determination
shall

                                      -4-
<PAGE>

be on the Company. Neither the failure of the Reviewing Party or the Company to
have made a determination before the commencement of such action by Indemnitee
that indemnification is proper under the circumstances because Indemnitee has
met the standard of conduct set forth in applicable law, nor an actual
determination by the Reviewing Party or the Company that Indemnitee had not met
such applicable standard of conduct, shall be a defense to the action or create
a presumption that Indemnitee has not met the applicable standard of conduct.
For purposes of this Agreement, the termination of any claim, action, suit or
proceeding by judgment, order, settlement (whether with or without court
approval), conviction or on a plea of nolo contendere (or its equivalent) shall
not create a presumption that Indemnitee did not meet any particular standard of
conduct or have any particular belief or that a court has determined that
indemnification is not permitted by applicable law.

        5. DEFENSE OF PROCEEDINGS.

                (a) Promptly after receipt by Indemnitee of notice of the
commencement of or the threat of commencement of any Proceeding, Indemnitee
shall, if Indemnitee believes that indemnification with respect thereto may be
sought from the Company under this Agreement, notify the Company of the
commencement or threat of commencement thereof, provided, however, that failure
of Indemnitee to provide such notice will not relieve the Company of its
liability hereunder if the Company receives timely notice of such Proceeding
from any other source.

                (b) If, at the time of the receipt of a notice of a Proceeding
pursuant to Section 5(a) above, the Company has directors' and officers'
liability insurance in effect, the Company shall give prompt notice of such
Proceeding to the insurer in accordance with the procedures set forth in the
applicable policy. The Company shall thereafter take all necessary or
appropriate action to cause such insurer to pay, on behalf of Indemnitee, all
amounts payable as a result of such Proceeding in accordance with the terms of
such insurance policy.

                (c) If the Company is obligated under this Agreement to pay or
advance Indemnitee's Expenses in any Proceeding, the Company shall be entitled
to assume the defense of such Proceeding with counsel selected by the Company
upon the delivery to Indemnitee of written notice of its election to do so.
After delivery of such notice and the retention of such counsel by the Company,
the Company shall not be liable to Indemnitee this Agreement for any fees of
counsel subsequently incurred by Indemnitee with respect to the same Proceeding
except for reasonable costs of investigation. Indemnitee shall have the right to
employ his own counsel in such Proceeding at Indemnitee's expense. Furthermore,
if (i) the employment of counsel by Indemnitee has been previously authorized by
the Company, (ii) there is a demonstrable, material conflict of interest between
the Company and Indemnitee in the conduct of such Proceeding, or (iii) the
Company shall not, in fact, have employed counsel to assume the defense of such
Proceeding, the fees and expenses of Indemnitee's counsel shall be paid by the
Company.

                (d) Notwithstanding anything in this Agreement to the contrary,
the Company shall not be liable to indemnify Indemnitee under this Agreement for
any amounts paid in settlement of any Proceeding consented to by Indemnitee
without the Company's written

                                      -5-
<PAGE>

consent, which shall not be unreasonably withheld. The Company shall be
permitted to settle any Proceeding for which it provides indemnification to
Indemnitee under this Agreement, except that it shall not settle any Proceeding
in any manner that would impose any penalty or limitation on Indemnitee without
Indemnitee's written consent, which shall not be unreasonably withheld.
Furthermore, the Company shall not be liable to indemnify Indemnitee under this
Agreement with regard to any settlement, award or judgment if the Company was
not given a reasonable and timely opportunity, at its expense, to defend such
Proceeding in accordance with the provisions of this Section 5.

        6. NONEXCLUSIVITY. The rights of Indemnitee under this Agreement shall
be in addition to any other rights Indemnitee may have under the Company's
Certificate of Incorporation, Bylaws, applicable law or otherwise.

        7. DIRECTORS' AND OFFICERS' INSURANCE. The Company hereby agrees that,
so long as Indemnitee shall continue to serve as a director, officer, employee
or other agent of the Company and thereafter for so long as Indemnitee shall be
subject to any Proceeding by reason of the fact that Indemnitee was a director,
officer, employee or other agent of the Company, it shall, subject to the last
sentence of this Section 7, maintain in full force and effect directors' and
officers' liability insurance in reasonable amounts from an established and
reputable insurer. In such insurance policy, Indemnitee shall be named as an
insured in such a manner as to provide Indemnitee the same rights and benefits
as are accorded to the most favorably insured of the Company's directors, if
Indemnitee is a director, or of the Company's officers, if Indemnitee is not a
director of the Company but is an officer, or of the Company's key employees, if
Indemnitee is not an officer or director but is a key employee or other agent.
Notwithstanding anything in this Agreement to the contrary, the Company shall
have no obligation to obtain or maintain any such insurance if the Board
determines in good faith that such insurance is not reasonably available, that
the premium costs for such insurance are disproportionate to the amount of
coverage provided, that the coverage provided by such insurance is limited by
exclusions so as to provide an insufficient benefit or that Indemnitee is
covered by similar insurance maintained by a subsidiary or other affiliate of
the Company.

        8. ENTIRE AGREEMENT; AMENDMENTS; WAIVERS; COUNTERPARTS. This Agreement,
together with the rights provided to Indemnitee under the Company's Certificate
of Incorporation and Bylaws, constitutes the entire agreement of the parties
with respect to the subject matter hereof and supersedes all prior written and
oral agreements between the parties pertaining to such subject matter. No
amendment of this Agreement shall be binding unless executed in writing by the
Company and Indemnitee. No waiver of any of the provisions of this Agreement
shall operate as a waiver of any other provisions of this Agreement (whether or
not similar), nor shall such waiver constitute a continuing waiver. Except as
specifically provided in this Agreement, no failure to exercise or delay in
exercising any right or remedy under it shall constitute a waiver of the right
or remedy. This Agreement may be executed in counterparts, which together shall
constitute one and the same instrument.

        9. SUBROGATION. In the event of payment under this Agreement, the
Company shall be subrogated to the extent of that payment to all of the rights
of recovery of Indemnitee, who shall do everything that may be necessary or
appropriate to secure such rights, including, without

                                      -6-
<PAGE>

limitation, the execution of any documents necessary or appropriate to enable
the Company effectively to bring suit to enforce such rights.

        10. NO DUPLICATION OF PAYMENTS. The Company shall not be liable under
this Agreement to make any payment in connection with any claim made against
Indemnitee to the extent Indemnitee has otherwise received payment (under any
insurance policy, bylaw or otherwise) of the amounts otherwise indemnifiable
under this Agreement.

        11. BINDING EFFECT AND CONTINUATION OF INDEMNIFICATION OBLIGATIONS. This
Agreement shall be binding on and inure to the benefit of and be enforceable by
the parties to it and their respective successors (including any direct or
indirect successor by purchase, merger or otherwise to all or substantially all
of the Company's business or assets or both), assigns, spouses, heirs and
personal and legal representatives. The indemnification provided under this
Agreement shall continue for Indemnitee's benefit with respect to any action
taken or not taken while serving in an indemnified capacity pertaining to an
Indemnifiable Event even though Indemnitee may have ceased to serve in such
capacity at the time of any Proceeding.

        12. SEVERABILITY. If any portion of this Agreement shall be held by a
court of competent jurisdiction to be invalid, void or otherwise unenforceable,
the remaining provisions shall remain enforceable to the fullest extent
permitted by law. Furthermore, to the fullest extent possible, the provisions of
this Agreement (including, without limitation, each portion of this Agreement
containing any provision held to be invalid, void or otherwise unenforceable
that is not itself invalid, void or unenforceable) shall be construed so as to
give effect to the intent manifested by the provision held invalid, void or
unenforceable.

        13. NO RIGHT TO CONTINUE AS A DIRECTOR OR AN OFFICER. Nothing in this
Agreement is intended to provide Indemnitee with any right to continue as a
director or as an officer, employee or other agent of the Company or of any of
its affiliates.

        14. NOTICES. Any notice required or permitted hereunder shall be given
in writing and shall be deemed effectively given upon personal delivery, upon
deposit in the United States mail by registered or certified mail with postage
and fees prepaid or upon delivery to an overnight courier service, addressed to
the other party at the address hereinafter shown below such party's signature or
at such other address as such party may designate by at least ten (10) days'
advance written notice to the other party.

        15. GOVERNING LAW, CONSENT TO JURISDICTION AND WAIVER OF JURY TRIAL.
This Agreement shall be governed by and construed and enforced in accordance
with the laws of the State of Delaware without giving effect to conflict-of-law
principles. Each of the Company and Indemnitee hereby consents to the
jurisdiction of the federal and state courts that are located in the States of
California and Delaware with respect to any action that is brought to enforce or
interpret this Agreement and hereby agrees that personal jurisdiction over each
of them may be effected by service of process addressed and delivered as
provided in Section 14 above. With respect to any dispute arising under this
Agreement, each of the Company and Indemnitee hereby irrevocably waives all
rights that such person may have to demand a jury trial.

                                      -7-
<PAGE>

        16. ATTORNEYS' FEES. In the event that any dispute relating to this
Agreement should result in litigation or arbitration, the prevailing party in
such dispute shall be entitled to recover from the other party all reasonable
fees, costs and expenses of enforcing any right of the prevailing party,
including, without limitation, reasonable attorneys' fees and expenses, all of
which shall be deemed to have accrued upon the commencement of such action and
shall be paid whether or not such action is prosecuted to judgment.

        IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement as of the date specified above.

                                         INTRA-ASIA ENTERTAINMENT CORPORATION

                                         By:
                                            ------------------------------------

                                         ---------------------------------------
                                         Print Name and Title

                                         Address of the Company:

                                         725 South Figueroa Street
                                         Suite 1650
                                         Los Angeles, CA 90017-5416
                                         Attention: Board of Directors

                                         ---------------------------------------
                                         Signature of Indemnitee

                                         ---------------------------------------
                                         Print Name

                                         Address of Indemnitee:

                                         ---------------------------------------

                                         ---------------------------------------

                                      -8-

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