Document:

Exhibit 4.4

                       SHARE PURCHASE WARRANT CERTIFICATE

                   WARRANT TO PURCHASE ________ COMMON SHARES
                                       OF
                                CATHAYONLINE INC.

              (Incorporated under the laws of the State of Nevada)

                             SHARE PURCHASE WARRANT
                                 (the "Warrant")

THIS SHARE PURCHASE WARRANT  CERTIFICATE AND ANY SERCURITIES  ISSUED PURSUANT TO
THE TERMS HEREOF HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT")

THIS IS TO CERTIFY THAT for value received,  _______________ (the "Holder"),  is
entitled to purchase  ______ fully paid and  non-assessable  shares of US $0.001
Par  Value  (each a  "Share")  in the  common  stock  (the  "Common  Stock")  of
CATHAYONLINE INC. (the  "Corporation") at any time up to 5:00 p.m. local time in
the city of Vancouver,  British Columbia,  at a purchase price of U.S. $0.35 per
Share  prior  to the  second  anniversary  of the  date  of  acceptance  of this
Agreement by the Corporation.

1.       The aforesaid  right to purchase  Shares may be exercised by the Holder
         at times and from time to time within the time period  required  herein
         before  set out by (i) duly  completing  in the  manner  indicated  and
         executing the subscription form attached hereto, (ii) surrendering this
         Warrant to the  Corporate  Secretary  of the  Corporation,  and,  (iii)
         paying the  appropriate  purchase  price for the Shares  subscribed for
         together with the requisite  share transfer tax, if any, either in cash
         or by certified  cheque  payable at par, in Las Vegas,  Nevada,  to the
         order  of  the  Corporation.  Upon  said  surrender  and  payment,  the
         Corporation  will  issue to the  Holder  of the  subscription  form the
         number of  Shares  subscribed  for and the said  Holder  will  become a
         shareholder of the  Corporation in respect of the Shares as of the date
         of such  surrender and payment.  subject to the Terms and Conditions of
         this Warrant,  the Corporation  will, as soon as practicable after said
         surrender and payment,  mail to the person or persons at the address or
         addresses   specified  in  the  subscription   form  a  certificate  or
         certificates  evidencing  the Shares  subscribed  for. If the Holder of
         this Warrant  subscribes  for a lesser number of Shares than the number
         of shares  referred to in the Warrant,  the Holder shall be entitled to
         receive a further Warrant in respect of Shares not subscribed for.

2.       The Holder  may, at its sole  discretion,  transfer or assign the Share
         Purchase Warrants to another party or parties.

Nothing  contained  herein shall confer any right upon the Holder  hereof or any
other person to subscribe  for or purchase any Shares at any time  subsequent to
5:00  o'clock  in the  afternoon  local time in the city of  Vancouver,  British
Columbia to the second  anniversary  of the date of acceptance of this Agreement
by the  Corporation.  and from and after such time,  this Warrant and all rights
hereunder shall be void and of no value.

3. This Warrant shall not constitute the Holder a member of the Corporation.

4. This Warrant is subject to the Terms and Conditions that are attached to this
Warrant as Schedule "A".

5. Time shall be of the essence hereof.

IN WITNESS WHEREOF,  CATHAYONLINE  INC. has caused its common seal to be affixed
and this Warrant to be signed by its authorized representative effective on this
24th day of June, 1999.

THE CORPORATE SEAL OF
CATHAYONLINE INC.
Was affixed hereto in the presence of:

---------------------------------
Authorized Signatory

<PAGE>

                              FORM OF SUBSCRIPTION

To: CATHAYONLINE INC.

And to: THE CORPORATE SECRETARY OF CATHAYONLINE INC.

The undersigned  holder of the attached  Warrant hereby  subscribes for ________
Shares of Common Stock of CATHAYONLINE INC. (again the  "Corporation")  pursuant
to the  attached  Warrant at any time up to 5:00 p.m.  local time in the city of
Vancouver,  British Columbia,  at a purchase price of U.S. $0.35 per Share prior
to the second  anniversary  of the date of  acceptance  of the  Agreement by the
Corporation.  This  subscription  is accompanied by a certified  cheque or money
order  payable to, or to the order of, the  Corporation  for the whole amount of
the purchase price of the said Shares, together with the amount of any issue tax
that  may be  imposed  on issue of such  Shares  (or if such tax has been  paid,
evidence satisfactory to the trustee of such payment).

The undersigned hereby directs that the said Shares be registered as follows:

=========================== ========================= =========================
Name in Full                Address                   Number of Shares
=========================== ========================= =========================

=========================== ========================= =========================

=========================== ========================= =========================

DATED this ____ day of _________, _____

In the presence of:

----------------------                     ------------------------------------
Witness                                    Signature of Warrant Holder

Please print your name and address in full:

Name:       ____________________________________

Address:   ____________________________________

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

<PAGE>

                                  SCHEDULE "A"

                              TERMS AND CONDITIONS
                                       OF
                                    WARRANTS

These are the Terms  and  Conditions  that are  attached  to the Share  Purchase
Warrants issued by CATHAYONLINE INC.

                          ARTICLE ONE - INTERPRETATION

Section 1.01 - Definitions

In these Terms and  Conditions,  unless there is something in the subject matter
or context inconsistent:

a)   "Corporation" means CATHAYONLINE INC. until a successor  corporation or its
     successor is present in
     Article 6;

b)   "Corporations  Auditors"  means an  independent  firm of  accountants  duly
     appointed as auditors of the Corporation;

c)   "Director"  means a director of the  Corporation  for the time  being,  and
     reference, without more, to action by the directors of the Corporation as a
     board, or whenever duly empowered,  action by an executive committee of the
     board;

d)   "herein",  "hereby"  and  similar  expressions  refer  to these  Terms  and
     Conditions  as the same may be amended or modified  from time to time;  and
     the  expression  "Article" or  "Section"  followed by a number refer to the
     specified Article or Section of these Terms and Conditions;

e)   "Issuance  Date"  means  that  date on which  the  Corporation  issued  the
     attached Warrants;

f)   "person"  means an  individual,  corporation,  partnership,  trustee or any
     unincorporated organization, and any words importing persons have a similar
     meaning;

g)   "shares"  means the US $0.001 par value common shares in the capital of the
     Corporation as  constituted  at the Issuance Date and any shares  resulting
     from any subdivision or consolidation of the shares;

h)   "Transfer  Agent" means  Signature  Stock  Transfer,  Inc., of 14675 Midway
     Road, Suite 221, Dallas, Texas, 75244;

i)   "Warrants"  means the  Warrants  of the  Corporation  issued and  presently
     authorized,  as set out in Section 2.01 and for the time being outstanding,
     and any other warrants made subject to these Terms and Conditions;

j)   "Warrant  Holders" or  "Holders"  means the bearers of the Warrants for the
     time being; and

k)   words importing the singular number include the plural and vice-versa,  and
     words  importing  the  masculine  gender  include the  feminine  and neuter
     genders.

Section 1.02 - Interpretation Not Affect By Headings

The division of these Terms and  Conditions  in to Articles and Sections and the
insertion of headings are for  convenience of reference only and will not affect
their construction of interpretation.

Section 1.03 - Applicable Law

The Warrants will be construed in accordance with the laws of Nevada and will be
treated in all respects as Nevada contracts.

                         ARTICLE TWO - ISSUE OF WARRANTS

Section 2.01 - Issue of Warrants

Warrants  entitling  the Holders  thereof to purchase  an  aggregate  of _______
shares and hereby  authorized to be issued by the Corporation  where one Warrant
is required to purchase one share of the Corporation.

Section 2.02 - Additional Warrants

Nothing  contained  herein shall preclude the  Corporation  from time to time to
make further equity or debt offerings and sell  additional  shares,  warrants or
grant options or similar rights to purchase shares of its capital stock.

Section 2.03 - Issue In Substitution for Lost Warrants

a)   Subject to Section 2.03(b), if a Warrant is mutilated,  lost,  destroyed or
     stolen, the Corporation shall issue and deliver a new Warrant of like, date
     and tenor as the one mutilated, lost, destroyed or stolen, in exchange for,
     and in place of, and upon  cancellation  of such mutilated  Warrant,  or in
     lieu of, and in  substitution  for such lost,  destroyed or stolen Warrant.
     The substituted  Warrant will be entitled to the benefit of these Terms and
     Conditions  and rank  equally in  accordance  with its terms with all other
     Warrants issued, or to be issued, by the Corporation.

b)   The  applicant  for the  issue of a new  Warrant  will bear the cost of its
     issue and in case of loss, destruction or theft, furnish to the Corporation
     such evidence of ownership and of loss, destruction or theft of the Warrant
     so lost, destroyed or stolen, as will be satisfactory to the Corporation in
     its  discretion,  and  such  applicant  may  also be  required  to  furnish
     indemnity in an amount and form  satisfactory  to the  Corporation,  in its
     discretion, and will pay the reasonable charges of the Corporation.

Section 2.04 - Warrant Holder Not a Shareholder

The  holders  of a  Warrant  will not  constitute  the  Holder  a member  of the
Corporation,  nor  entitle  him to any right or  interest  except  as  expressly
provided in the Warrant and herein.

                     ARTICLE THREE - OWNERSHIP AND TRANSFER

Section 3.01 - Exchange of Warrants

a)   Warrants in any  authorized  denomination  may,  upon  compliance  with the
     reasonable  requirements of the  Corporation,  be exchanged for Warrants in
     any other  authorized  denomination,  of the same class and date of expiry,
     entitling  the Holder to purchase any equal  aggregate  number of shares at
     the same  subscription  price  and on the same  terms  as the  Warrants  so
     exchanged.

b)   Warrants may be exchanged only at the office of the Corporate  Secretary of
     the Corporation and any Warrants  tendered for exchange will be surrendered
     and cancelled.

Section 3.02 - Ownership and Transfer of Warrants

a)   The Corporation may deem and treat the registered  holder of any Warrant as
     absolute owner of such Warrant,  for all purposes,  and will not e affected
     by any notice or knowledge to the contrary.

b)   The  registered  holder  of any  Warrant  will be  entitled  to the  rights
     evidenced  by such  Warrant  free from all equities or rights of set-off or
     counterclaim  between the Corporation and the original or any  intermediate
     Holder and all  persons  may act  accordingly,  and the receipt of any such
     bearer for the shares will be a good discharge to the  Corporation  for the
     same and the Corporation will not be bound to inquire into the title of any
     such bearer.

Section 4.01 - Notice to Warrant Holders

Any notice to be given to Warrant  Holders will be deemed to be validly given on
the date on which it has been  published if such notice is published once in the
City of Las Vegas,  such  publication  to be made in the daily  newspaper in the
English language of general circulation in such city.

                       ARTICLE FOUR - EXERCISE OF WARRANTS

Section 4.01 - Method of Exercise Warrants

The right to purchase shares conferred by the Warrants may be exercised,  before
its expiry  time,  by the Holder of such  Warrant  surrendering  it, with a duly
completed and executed  subscription in the form attached  thereto and cash or a
certified cheque payable to or to the order of the  Corporation,  at par in such
city as the  Corporation  may reside from time to time,  for the purchase  price
applicable at the time of surrender in respect of the shares  subscribed  for in
lawful money of the United States of America,  to the Corporate Secretary of the
Corporation.

Section 4.02 - Effect of Exercise Warrants

As soon as practicable after surrender and payment, and subject to the Terms and
conditions set forth herein,  the Corporation  will cause to be delivered to the
person or persons in whose  name or names the  shares  subscribed  for are to be
issued  as  specified  in such  subscription  or mailed to him or them at his or
their  respective  addresses  specified in such  subscription,  a certificate or
certificates for the appropriate  number of shares not exceeding those which the
Warrant Holder is entitled to purchase pursuant to the Warrant surrendered. Upon
issuance, such person or persons shall be deemed to become the holder or holders
of record of such shares on the date of surrender and payment.

Section 4.03 - Subscription For Less than Entitlement

The Holder of any Warrant may subscribe for and purchase a number of shares less
than the number  which he is entitled to  purchase  pursuant to the  surrendered
Warrant. In the event of any purchase of a number of shares less than the number
that can be purchased  pursuant to a Warrant,  the Corporation  will endorse the
Warrant,   note  the  number  of  Warrants  exercised  and  return  the  Warrant
Certificate  to the Holder or may issue a new  Warrant in respect of the balance
of the  shares  which the  Holder  was  entitled  to  purchase  pursuant  to the
surrendered Warrant and which were not then purchased.

Section 4.04 - Warrants For Fractions of Shares

To the extent  that the  Holder of any  Warrant  is  entitled  to receive on the
exercise or partial  exercise,  a fraction of a common share,  such right may be
exercised in respect of such fraction only in combination  with another  Warrant
or other Warrants which in the aggregate  entitles the Holder to receive a whole
number of such shares.

Section 4.05 - Expiration of Warrants

After the  expiration of the period within which a Warrant is  exercisable,  all
rights will wholly cease and  terminate  and such Warrant will be void and of no
effect.

Section 4.06 - Exercise Price

The price per share which must be paid to exercise a Warrant is as prescribed by
resolution  of the Board of  Directors of the  Corporation  and set forth on the
face of the Warrant Certificate.

Section 4.07 - Adjustment of Exercise Price

The exercise price and the number of shares deliverable upon the exercise of the
Warrants  will  be  subject  to  adjustment  in the  events  and  in the  manner
following:

a)   in the  event of any  subdivision  or  subdivisions  of the  shares  of the
     Corporation  as such shares are  constituted  on the Issuance  Date, at any
     time while the Warrants are  outstanding,  into a greater number of shares,
     the Corporation will deliver at the time of purchase of shares, in addition
     to the number of shares in respect of which the right to  purchase  is then
     being  exercised,  such  additional  number of shares as a result from such
     subdivision  or  subdivisions  without the bearer of the Warrant making any
     additional payment or giving any other consideration;

b)   in the event of any  consolidation or  consolidations  of the shares of the
     Corporation  as such shares are  constituted  on the Issuance  Date, at any
     time while the Warrants are  outstanding,  into a lesser  number of shares,
     the  Corporation  will deliver and the bearer will  accept,  at the time of
     purchase,  in lieu of the number of shares in respect of which the right to
     purchase is then being  exercised,  the lesser number of shares as a result
     from such consolidation or consolidations;

c)   in the event of any change of the shares of the  Corporation as such shares
     are  constituted  on the Issuance  Date, at any time while the Warrants are
     outstanding,  the  Corporation  will  deliver at the time of  purchase  the
     number of shares of the appropriate class resulting from such change as the
     bearer  would  have been  entitled  to  receive in respect of the number of
     shares so purchased,  had the right to purchase been exercised  before such
     change;

d)   in the event of any capital  reorganization,  reclassification or change of
     outstanding  equity  shares  of  the  Corporation  or in the  event  of any
     consolidation,  merger or amalgamation of the Corporation  with or into any
     other company,  then the Holder of each Warrant then  outstanding will have
     the right to purchase and receive,  in lieu of the shares  receivable  upon
     the exercise of the rights represented by the Warrants, the kind and amount
     of shares and other  securities and property  receivable  upon such capital
     reorganization,   reclassification,   change,   consolidation,   merger  or
     amalgamation  which the Holder of a number of shares equal to the number of
     shares  receivable  upon the  exercise  of the  rights  represented  by the
     Warrants would have received as a result of such event, but the subdivision
     or consolidation of shares at any time outstanding into a greater or lesser
     number of shares,  whether with or without par value, will not be deemed to
     be a capital  reorganization  or a  reclassification  of the capital of the
     Corporation for the purposes of this paragraphs (d);

e)   if the Corporation,  at any time while the Warrants are  outstanding,  pays
     any stock dividend or stock dividends upon the shares of the Corporation in
     respect of which the right to purchase is then given,  the Corporation will
     deliver  at the time of  purchase  of shares in  addition  to the number of
     shares in respect of which the right of purchase  is then being  exercised,
     the additional number of shares of the appropriate class as would have been
     payable on the shares so purchased as if they had been  outstanding  on the
     record date for the payment of such stock dividend;

f)   the  adjustments  provided for in this Section in the  subscription  rights
     pursuant to any Warrants are cumulative; and,

g)   the  Corporation  will  not be  required  to  issue  fractional  shares  in
     satisfaction of its obligations but, if any fractional interest in a shares
     would, except for the provisions of this paragraph (g), be deliverable upon
     the exercise of Warrant,  the Corporation  will, at its option,  in lieu of
     delivering a fractional share, satisfy the right to receive such fractional
     interest  by  payment  to the  Holder of such  Warrant of an amount in cash
     equal, computed in the case of a fraction of a cent to the next lower cent,
     to the current  market value of the right to subscribe for such  fractional
     interest,  computed  on the basis of the last  sale  price of shares of the
     Corporation on the Nasdaq  Bulletin  Board  preceding the day on which such
     exercise takes place.

Section 4.08 - Determination of Adjustments

If any questions arise with respect to the exercise price, such question will be
conclusively  determined by the Corporation's  auditors,  or, if they decline to
act, any other national firm of Chartered  Accountants,  in Las Vegas,  that the
Corporation may designate and who will have access to all  appropriate  records,
and such  determination  will be binding upon the Corporation and the Holders of
the Warrants.

                     ARTICLE FIVE - COVENANTS BY THE COMPANY

The  Corporation  will  reserve  and  there  will  remain  unissued  out  of its
authorized  capital a  sufficient  number of shares  to  satisfy  the  rights of
purchase in the Warrants  should the Holders of all the  Warrants,  from time to
time  outstanding,  determine  to exercise  such rights in respect of all shares
which they are or may be entitled to purchase pursuant thereto.

             ARTICLE SIX - MODIFICATION OF TERMS, MERGER, SUCCESSORS

Section 6.01 - Modification of Terms for Certain Purposes

From time to time the Corporation may modify these Terms and Conditions, for any
one or more, or all of the following purposes:

a)   adding to or altering these  provisions in respect of the  registration and
     transfer  of  Warrants  making  provision  for the  exchange of Warrants of
     different  denominations;  and making any  modification  in the form of the
     Warrants which does not affect their substance;

b)   for any other  purpose,  including the correction or  rectification  of any
     ambiguous, defective provisions, errors or omissions herein; or,

c)   to evidence any  succession of any  corporation  and the  assumption by any
     successor of the covenants of the Corporation and in the Warrants contained
     as provided in this Article.

Section 6.02 - No Extension of Expiry Date

Notwithstanding Section 6.01, no modification will be made to the Expiry Date of
Warrants without the prior consent of the Holder.

Section 6.03 - Corporation May Consolidate etc. On Certain Terms

Nothing  will  prevent  any   consolidation,   amalgamation  or  merger  of  the
Corporation with or into any other  corporation,  but the corporation  formed by
such  consolidation  or into  which  such  merger  will have been made will be a
corporation organized and existing under the laws of Canada or the United States
of America,  or any Province,  State,  District or Territory thereof,  and will,
simultaneously  with such  consolidation,  amalgamation or merger assume the due
and punctual  performance  and  observance of all the  covenants and  conditions
hereof to be performed or observed by the Corporation.

Section 6.04 - Successor Corporation Substituted

In case the Corporation is consolidated,  amalgamated or merged with or into any
other  corporation or  corporations,  the successor  corporation  formed by such
consolidation  or  amalgamation,  or into which the  Corporation  will have been
merged, will succeed to and be substituted for the Corporation  hereunder.  Such
changes  in  phraseology  and  form  (but not in  substance)  may be made in the
Warrants as may be appropriate in view of such  consolidation,  amalgamation  or
merger.Exhibit 10.1

                  MANAGEMENT AND CONSULTANCY SERVICE AGREEMENT

This Agreement is dated this _______ day of _________________, 1999

BETWEEN

         Sichuan Guo Xun Xin Xi Chan Ye You Xian Gong Si, a company incorporated
         under the laws of the  People's  Republic of China (the "PRC")  ("Party
         A")

AND

         Sichuan  CathayOnline  Technologies Co. Ltd.,   a wholly  foreign-owned
         enterprise established under the laws of the PRC ("Party B")

WHEREAS:

A.       Party  A  holds  a  PRC  Computer  Information  Network   International
         Networking Business Operating Licence No.9923 (the "Licence"), pursuant
         to  which  Party  A is duly  authorized  by  Sichuan  Telecommunication
         Administration   Bureau  to  engage  in  the   operation   of  computer
         information network international  networking business (the "Business")
         in  certain  cities  specified  in  the  Licence  (the  "Cities")  from
         September 8, 1999 to March 23, 2003 (the "Term");

B.       Party B is a  wholly  foreign-owned  enterprise  duly  established  and
         approved to engage in the business of providing value added services in
         relation to data processing and computer  networking  related business;
         and

C.       Party A wishes to retain certain management,  consultancy and technical
         assistance  services of Party B in relation to the  carrying out of the
         Business and Party B wishes to provide such services to Party A.

IN  CONSIDERATION  OF mutual  promises and other  valuable  considerations,  the
receipt and sufficiency of which are hereby  acknowledged,  the Parties agree as
follows:

                           ARTICLE I - INTERPRETATION

1.1      In this Agreement, the following definitions apply:

(1)      "Assets" means assets such as computer  hardware and software  required
         for the Project and owned by Party B;

(2)      "Asset  Usage  Fee" means the fees to be paid by Party A for the use of
         the Assets which are  calculated as amounts  equal to the  Depreciation
         Charge for any given accounting period;

(3)      "Depreciation  Charge" for any given accounting  period means the total
         depreciation  charge  for that  accounting  period  based on the  total
         capital  expenditure of Party B in relation to the Project  depreciated
         over a five  year  period  on a  straight-line  basis or  otherwise  in
         accordance with generally accepted accounting principles in the PRC;

(4)      "Net  Profit"  means the income  deriving  from the Project for a given
         accounting period less the Operating Expenses, the Asset Usage Fee, and
         the income tax and other  applicable  taxes  (including  business  tax)
         payable to the PRC central and/or local  governments in relation to the
         Project for such accounting period;

(5)      "Operating  Expenses" means the legitimate costs and expenses which are
         allowed  by the  PRC  Law to be  deducted  for  enterprise  income  tax
         purposes for any accounting period in relation to the Project and shall
         include salary and other expenses for employees of Party B seconded for
         the Project at the recommendation of the Committee;

(6)      "PRC Law"  means all  written  laws,  regulations,  ordinances,  rules,
         measures,  provisions  and  guidelines  enacted by the PRC  central and
         various local  governments,  including  those that are  temporarily  in
         force or on trial implementation,  but excluding all internal documents
         the disclosure of which is prohibited to foreign business;

(7)      "Project"   means  the  carrying  out  of  the  Business  to  customers
         ("Customers")  in the Cities by Party A with the  assistance of Party B
         during the Term;

(8)      "Services"  means the following  management,  consultancy and technical
         assistance services:

(a)      value  added  services  in relation  to data  processing  and  computer
         networking related planning, designing and implementation;

(b)      services  relating to computer  and  electronic  communication  related
         project development, consulting and management;

(c)      other   services   required   for  the   Project   (including   certain
         administrative services such as collecting accounts from the Customers)
         and agreed to by Party B.

(9)      "Service  Fees"  means  ninety  (90)  percent of the Net Profit for any
         given accounting period.

1.2      Headings  used  herein  are for ease of  reference  only and  shall not
         affect the interpretation of this Agreement.

              ARTICLE II - PROVISION OF SERVICES AND USE OF ASSETS

2.1      Subject to the terms and conditions of this  Agreement,  Party A hereby
         retains Party B for the provision of the Services and Party B agrees to
         provide such Services during the Term.

2.2      In addition to the provision of Services,  Party B will during the Term
         provide the Assets for the use of the Project.

                   ARTICLE III - ACCOUNTING, FEES AND PAYMENT

3.1      A separate  accounting  system and records will be kept and  maintained
         and separate accounting reports and statements prepared for the Project
         ("Accounting Records").  Such accounts for the Project shall be kept in
         accordance   with  relevant  PRC  Law  and  by  using   internationally
         recognized, generally accepted accounting principles.

3.2      The Accounting Records shall be available for the inspection of Party B
         any time reasonably requested by Party B.

3.3      For the  provisions of the Services,  Party B shall be paid the Service
         Fees and 10% of the Net Profit shall be paid to Party A.

3.4      For the use of the Assets, Party B shall be paid the Asset Usage Fee.

             ARTICLE IV - PARTY A'S OBLIGATIONS AND REPRESENTATIONS

4.1      In  addition to its  obligations  set out in other  provisions  of this
         Agreement, Party A agrees that Party A will:

(1)      Take all actions and steps required for the  successful  implementation
         of the Project;

(2)      Use the Assets and  operate  and  manage the  Project in an  efficient,
         prudent and lawful  manner in order to  maximise  the Net Profit and in
         accordance with the recommendations of the Committee; and

(3)      Make its best  efforts,  acting in good  faith,  to take all  necessary
         actions and complete all necessary  procedures to renew the Term of the
         Licence six (6) months prior to the expiry of the Term or at such other
         advance time allowed under the PRC Law.

4.2      Party A represents and warrants that:

(1)      It is an independent legal person  established under the PRC Law and is
         validly subsisting and has complied with all the reporting requirements
         under the PRC Law;

(2)      It hold all licences, approvals,  permissions and authorizations issued
         by competent PRC authorities  required for the legally  carrying out of
         the Business to customers in the Cities;

(3)      It has legal  capacity to enter into this  Agreement  and has taken all
         corporate actions and steps required for entering into this Agreement;

(4)      It is not at present  involved in any legal dispute or civil suit which
         may have any effect on the Project in a substantial manner; and

(5)      It is legally bound by this Agreement.

                        ARTICLE V - COOPERATION COMMITTEE

5.1      Upon the execution of this  Agreement,  the Parties  shall  establish a
         cooperation  management  committee  ("Committee") for the Project.  The
         Committee  shall, at its discretion,  decide upon matters of importance
         to the Project. Other matters concerning the Project shall be delegated
         to Party B.

5.2      The Committee shall consist of three (3) members,  two (2) appointed by
         Party B and one (1) by Party A (hereinafter referred to individually as
         the "Member" and collectively as "Members"). One of the Members will be
         appointed by Party B as the Chairman of the Committee.

5.3      The  decision  of the  Committee  shall  be  made  at  meetings  of the
         Committee  by a simple  majority  vote of the  Members  present at such
         meetings.

5.4      Unless otherwise  decided by the Committee,  its meetings shall be held
         in Chengdu,  the PRC and English language shall be the working language
         of such meetings. The meeting of the Committee may be held in person or
         by way of telephone  conference call or other communication  facilities
         which enable all the Members to  communicate at ease with each other. A
         resolution in writing (including by fax transmission) signed by all the
         Members is as valid as if it had been passed at the meeting.

5.5      The  Members  may attend and vote at the  meeting of the  Committee  in
         person  or by  appointing  in  writing  proxies  on their  behalf or by
         telephone or other means of communication as referred to in Section 5.5
         herein.

5.6      The quorum for meetings of the Committee  shall be two-thirds  (2/3) of
         the Members.  Resolutions  adopted at a meeting  without a quorum shall
         have no legal force or effect.

                             ARTICLE VI - INDEMNITY

6.1      As a separate and distinct obligation, Party A undertakes to keep Party
         B harmless and to indemnify  Party B from and against any and all loss,
         damage or liability suffered and legal fees and costs incurred by Party
         B resulting  from the failure of the Project due to lack of appropriate
         government authorization and permission.

6.2      For greater  certainty,  the obligations under Article 6.1 shall not be
         affected by any invalidity or  ineffectiveness of any provisions hereof
         or this Agreement.

                  ARTICLE VII - EXCLUSIVITY AND CONFIDENTIALITY

7.1      Each of the Parties agrees that during the Term (including the extended
         term) it or any of its affiliates or related agencies shall not discuss
         or sign with any other party,  in the PRC or abroad,  any memorandum of
         understanding,  letter of intent, agreement or understanding in respect
         of  carrying  out  business,  whether by joint  venture  or  otherwise,
         involving the Project.

7.2      The Parties  recognize and affirm that any oral or written  information
         exchanged  between them is  confidential  proprietary  information  and
         undertake to keep such  information in strict  confidence and shall not
         disclose such  information  to any third party or use such  information
         other than in connection with the Project without prior written consent
         of the other party which provided such information,  except, where such
         information  is  available  to  the  public  (but  not as a  result  of
         unauthorized  disclosure into the public domain of such  information by
         the Party receiving the information) or required to be disclosed by any
         applicable law or regulations.

7.3      Except as may be required by law or the rules of any stock  exchange on
         which  the  shares  of any Party or any of its  affiliates  are  listed
         and/or traded, no Party shall make any public announcement or issue any
         press release  concerning  this  Agreement  and/or the Project  without
         prior written consent of the other Party.

                       ARTICLE VIII - TERM AND TERMINATION

8.1      This Agreement is valid and legally binding on the Parties for the Term
         provided  that this  Agreement  shall be  automatically  renewed  for a
         period equal to the renewed term of the Licence  should the Term of the
         Licence be renewed.  In such case,  the words  "Term"  shall be read to
         mean a period which will end at the expiry of the Licence as renewed.

8.2      One Party may serve a  termination  notice on the other  party not less
         than  seven  (7) days  prior to the  intended  date of  termination  to
         terminate  this  Agreement  if the  other  Party is  adjudicated  to be
         bankrupt or file an application for its bankruptcy or  liquidation,  or
         an  application  is filed by any  third  party  for its  bankruptcy  or
         liquidation.

                         ARTICLE IX - GENERAL PROVISIONS

9.1      This Agreement is governed by and construed in accordance  with the PRC
         Law.

9.2      The  courts  of the PRC  shall  have  jurisdiction  to  adjudicate  any
         disputes  arising  from and in  relation to this  Agreement  unless the
         Parties agree to submit the disputes to an arbitration  body in the PRC
         for arbitration.

9.3      Any provisions hereof held by a competent court or arbitration tribunal
         to be  invalid  or  illegal  shall not  affect  the  validity  of other
         provisions  hereof which shall remain intact and legally  binding.  The
         Parties shall continue to implement such other provisions.

9.4      This Agreement  shall be binding on and enure to the benefits of heirs,
         executors, administrators, successors and assigns of the Parties hereto
         provided  that Party A shall not  assign  his  rights  and  obligations
         hereunder unless with express prior written consent of Party B.

9.5      This  Agreement is prepared in both English and Chinese with 5 original
         copies in each language version.  Should the two versions conflict, the
         English version shall prevail.

Executed by the Parties at the place and on the date first above mentioned.

Witness                         Sichuan Guo Xun Xin Xi Chan Ye You Xian Gong Si.

_____________________________             Per:_________________ (corporate seal)

Witness                               Sichuan CathayOnline Technologies Co. Ltd.

_____________________________              Per:_________________(corporate seal)

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