Document:

PLACEMENT AGENT AGREEMENT

                                                      Dated as of: May 20,  2003

TN  Capital  Equities,  Ltd.
14  East  60th  Street,  Suite  701
New  York,  New  York  10022

     The  undersigned,  Asia  Properties  Inc.,  a  Nevada  corporation  (the
"Company"), hereby agrees with TN Capital Equities, Ltd., a Delaware Corporation
(the  "Placement  Agent")  and  Cornell Capital Partners, LP, a Delaware Limited
Partnership  (the  "Investor")  as  follows:

     1.     Offering.  The  Company hereby engages the Placement Agent to act as
its  exclusive  placement  agent  in  connection  with the Equity Line of Credit
Agreement  dated  the  date  hereof,  (the  "Equity  Line  of Credit Agreement")
pursuant to which the Company shall issue and sell to the Investor, from time to
time,  and  the  Investor shall purchase from the Company (the "Offering") up to
Five  Million  Dollars  ($5,000,000)    of  the  Company's  common  stock  (the
"Commitment  Amount"),  par value $.001 per share (the "Common Stock"), at price
per  share  equal  to  the Purchase Price, as that term is defined in the Equity
Line  of  Credit  Agreement.  Pursuant  to the terms hereof, the Placement Agent
shall  render consulting services to the Company with respect to the Equity Line
of  Credit  Agreement and shall be available for consultation in connection with
the  advances  to  be  requested  by  the Company pursuant to the Equity Line of
Credit  Agreement

     All  capitalized  terms  used herein and not otherwise defined herein shall
have  the  same  meaning  ascribed  to  them  as  in  the  Equity Line of Credit
Agreement.  The  Investor  will  be  granted  certain  registration  rights with
respect  to  the Common Stock as more fully set forth in the Registration Rights
Agreement  between  the  Company  and  the  Investor  dated the date hereof (the
"Registration Rights Agreement").  The documents to be executed and delivered in
connection with the Offering, including, but not limited, to this Agreement, the
Equity  Line  of  Credit  Agreement,  the Registration Rights Agreement, and the
Escrow  Agreement,  are  referred  to  sometimes hereinafter collectively as the
"Offering  Materials."  The  Company's  Common  Stock  to  be  purchased  by the
Investor  hereunder  is  sometimes referred to hereinafter  as the "Securities."
The  Placement  Agent  shall  not  be  obligated  to  sell  any  Securities."

     2.     Compensation.

     A.  Upon  the  execution  of this Agreement  the Company shall issue to the
Placement  Agent  or  its designee Ten Thousand (10,000) shares of the Company's
Common Stock on the date hereof (collectively, the "Placement Agent's Shares ").
The  Placement  Agent shall be entitled to "piggy-back" registration rights with
respect  to  the Placement Agent's Shares in connection with any registration of
any  shares  of  Common  Stock  for or on behalf of the Investor pursuant to the
Registration  Rights  Agreement  dated  the  date  hereof.

     3.     Representations,  Warranties  and  Covenants of the Placement Agent.
A.     The  Placement  Agent  represents,  warrants  and  covenants  as follows:

     (i)     The Placement Agent has the necessary corporate power to enter into
this  Agreement  and  to  consummate  the  transactions  contemplated  hereby  .

     (ii)     The  execution  and  delivery  by  the  Placement  Agent  of  this
Agreement  and the consummation of the transactions contemplated herein will not
result  in  any  violation  of,  or be in conflict with, or constitute a default
under, any agreement or instrument to which the Placement Agent is a party or by
which  the Placement Agent or its properties are bound, or any judgment, decree,
order  or,  to  the Placement Agent's knowledge, any statute, rule or regulation
applicable  to  the Placement Agent.  This Agreement when executed and delivered
by the Placement Agent, will constitute the legal, valid and binding obligations
of  the  Placement Agent, enforceable in accordance with their respective terms,
except  to  the  extent  that  (a)  the  enforceability hereof or thereof may be
limited  by  bankruptcy,  insolvency, reorganization, moratorium or similar laws
from time to time in effect and affecting the rights of creditors generally, (b)
the enforceability hereof or thereof is subject to general principles of equity,
or  (c) the indemnification provisions hereof  may be held to be in violation of
public  policy.

(iii)     Upon  receipt and execution of this Agreement the Placement Agent will
promptly  forward copies of this Agreement to the Company or its counsel and the
Investor  or  its  counsel.

(iv)     The  Placement  Agent  will  not  intentionally take any action that it
reasonably  believes  would  cause the Offering to violate the provisions of the
Securities Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act
of 1934 (the "1934 Act"), the respective rules and regulations promulgated there
under  (the  "Rules and Regulations") or applicable "Blue Sky" laws of any state
or  jurisdiction.

           (v)     The  Placement  Agent is a member of the National Association
of Securities Dealers, Inc., and is a broker-dealer registered as such under the
1934  Act  and  under  the securities laws of the states in which the Securities
will  be  offered  or  sold  by the Placement Agent unless an exemption for such
state  registration is available to the Placement Agent.  The Placement Agent is
in  compliance  in all material respects with all material rules and regulations
applicable  to  the  Placement  Agent  generally and applicable to the Placement
Agent's  participation  in  the  Offering.

     4.     Representations  and  Warranties  of  the  Company.

     A.     The  Company  represents  and  warrants  as  follows:

     (i)     The  execution, delivery and performance of each of this Agreement,
the  Equity Line of Credit Agreement, the Escrow Agreement, and the Registration
Rights Agreement  has been or will be duly and validly authorized by the Company
and  is, or with respect to this Agreement, the Equity Line of Credit Agreement,
the  Escrow  Agreement,  and the  Registration Rights Agreement will be, a valid
and  binding  agreement  of  the  Company,  enforceable  in  accordance with its
respective  terms,  except  to  the extent that (a) the enforceability hereof or
thereof  may be limited by bankruptcy, insolvency, reorganization, moratorium or
similar  laws  from time to time in effect and affecting the rights of creditors
generally,  (b)  the  enforceability  hereof  or  thereof  is subject to general
principles of equity or (c) the indemnification provisions hereof or thereof may
be  held  to  be  in  violation  of  public policy.  The Securities to be issued
pursuant to the transactions contemplated by this Agreement and  the Equity Line
of Credit  Agreement  have been duly authorized and, when issued and paid for in
accordance  with  (x)  this  Agreement,  the  Equity  Line of  Agreement and the
certificates/instruments  representing  such  Securities,  (y) will be valid and
binding  obligations  of  the  Company,  enforceable  in  accordance  with their
respective  terms,  except to the extent that (1) the enforceability thereof may
be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws
from time to time in effect and affecting the rights of creditors generally, and
(2)  the enforceability thereof is subject to general principles of equity.  All
corporate  action  required to be taken for the authorization, issuance and sale
of  the  Securities  has  been  duly  and  validly  taken  by  the  Company.

     (ii)     The  Company  has  a  duly  authorized,  issued  and  outstanding
capitalization  as  set forth herein and in the Equity Line of Credit Agreement.
The  Company  is  not  a party to or bound by any instrument, agreement or other
arrangement  providing  for  it  to  issue  any capital stock, rights, warrants,
options or other securities, except for this Agreement, the agreements described
herein  and  as described in the Equity Line of Credit Agreement, dated the date
hereof  and  the  agreements  described  therein.  All  issued  and  outstanding
securities  of the Company, have been duly authorized and validly issued and are
fully  paid and non-assessable; the holders thereof have no rights of rescission
or  preemptive  rights  with  respect  thereto  and  are not subject to personal
liability  solely  by  reason  of  being  security  holders;  and  none  of such
securities  were  issued in violation of the preemptive rights of any holders of
any  security  of  the  Company.   As of the date hereof, the authorized capital
stock  of  the  Company consists of 50,000,000 shares of Common Stock, par value
$.001  per  share  of  which  __________  shares of Common Stock were issued and
outstanding  as  of  the  date  thereof.

(iii)     The  Common  Stock  to be issued in accordance with this Agreement and
the Equity Line of Credit Agreement has been duly authorized and when issued and
paid  for in accordance with this Agreement, the Equity Line of Credit Agreement
and the certificates/instruments representing such Common Stock, will be validly
issued,  fully-paid  and non-assessable; the holders thereof will not be subject
to  personal  liability  solely by reason of being such holders; such Securities
are  not  and  will not be subject to the preemptive rights of any holder of any
security  of  the  Company.

(iv)     The  Company has good and marketable title to, or valid and enforceable
leasehold  estates  in,  all  items  of  real and personal property necessary to
conduct  its  business  (including,  without  limitation,  any  real or personal
property stated in the Offering Materials to be owned or leased by the Company),
free  and  clear  of  all  liens,  encumbrances,  claims, security interests and
defects  of  any  material  nature whatsoever, other than those set forth in the
Offering  Materials  and  liens  for  taxes  not  yet  due  and  payable.

(v)     There  is  no  litigation  or governmental proceeding pending or, to the
best of the Company's knowledge, threatened against, or involving the properties
or  business  of  the  Company,  except  as set forth in the Offering Materials.

(vi)     The  Company  has  been  duly  organized  and  is validly existing as a
corporation  in  good standing under the laws of the State of Nevada.  Except as
set  forth  in  the  Offering  Materials,  the  Company does not own or control,
directly  or  indirectly,  an  interest  in  any other corporation, partnership,
trust, joint venture or other business entity.  The Company is duly qualified or
licensed  and  in good standing as a foreign corporation in each jurisdiction in
which  the  character of its operations requires such qualification or licensing
and  where  failure  to  so  qualify would have a material adverse effect on the
Company.  The  Company  has all requisite corporate power and authority, and all
material and necessary authorizations, approvals, orders, licenses, certificates
and  permits  of  and  from  all  governmental  regulatory  officials and bodies
(domestic  and  foreign)  to  conduct  its businesses (and proposed business) as
described  in  the Offering Materials. Any disclosures in the Offering Materials
concerning  the  effects  of foreign, federal, state and local regulation on the
Company's  businesses  as currently conducted and as contemplated are correct in
all material respects and do not omit to state a material fact.  The Company has
all  corporate power and authority to enter into this Agreement, the Equity Line
of  Credit  Agreement,  the  Registration  Rights  Agreement,  and  the  Escrow
Agreement,  to  carry  out the provisions and conditions hereof and thereof, and
all  consents,  authorizations,  approvals  and  orders  required  in connection
herewith  and  therewith have been obtained.  No consent, authorization or order
of,  and  no filing with, any court, government agency or other body is required
by  the  Company for the issuance of the Securities or execution and delivery of
the  Offering Materials except for applicable federal and state securities laws.
The  Company,  since its inception, has not incurred any liability arising under
or  as a result of the application of any of the provisions of the 1933 Act, the
1934  Act  or  the  Rules  and  Regulations.

(vii)     There  has  been  no  material  adverse  change  in  the  condition or
prospects  of  the  Company, financial or otherwise, from the latest dates as of
which  such  condition or prospects, respectively, are set forth in the Offering
Materials,  and  the  outstanding  debt,  the  property  and the business of the
Company  conform  in all material respects to the descriptions thereof contained
in  the  Offering  Materials.

(viii)     Except  as set forth in the Offering Materials, the Company is not in
breach of, or in default under, any term or provision of any material indenture,
mortgage, deed of trust, lease, note, loan or Equity Line of Credit Agreement or
any other material agreement or instrument evidencing an obligation for borrowed
money,  or  any other material agreement or instrument to which it is a party or
by  which  it or any of its properties may be bound or affected.  The Company is
not  in  violation of any provision of its charter or by-laws or in violation of
any  franchise,  license,  permit, judgment, decree or order, or in violation of
any material statute, rule or regulation.  Neither the execution and delivery of
the  Offering Materials nor the issuance and sale or delivery of the Securities,
nor  the  consummation  of  any of the transactions contemplated in the Offering
Materials nor the compliance by the Company with the terms and provisions hereof
or  thereof,  has  conflicted  with or will conflict with, or has resulted in or
will  result  in  a  breach  of,  any  of  the  terms  and provisions of, or has
constituted  or  will  constitute  a  default  under, or has resulted in or will
result in the creation or imposition of any lien, charge or encumbrance upon any
property  or  assets  of  the Company or pursuant to the terms of any indenture,
mortgage,  deed  of  trust,  note,  loan  or  any  other agreement or instrument
evidencing  an  obligation  for  borrowed  money,  or  any  other  agreement  or
instrument  to which the Company may be bound or to which any of the property or
assets  of the Company is subject except (a) where such default, lien, charge or
encumbrance  would  not have a material adverse effect on the Company and (b) as
described  in  the  Offering  Materials;  nor  will  such  action  result in any
violation  of  the  provisions  of the charter or the by-laws of the Company or,
assuming  the  due  performance  by  the  Placement  Agent  of  its  obligations
hereunder,  any  material  statute  or  any  material  order, rule or regulation
applicable  to  the  Company  of  any court or of any foreign, federal, state or
other regulatory authority or other government body having jurisdiction over the
Company.

     (ix)     Subsequent  to  the  dates as of which information is given in the
Offering  Materials,  and  except  as may otherwise be indicated or contemplated
herein or therein and the securities offered pursuant to the Securities Purchase
Agreement  dated  the date hereof, the Company has not (a) issued any securities
or  incurred  any  liability  or  obligation, direct or contingent, for borrowed
money,  or (b) entered into any transaction other than in the ordinary course of
business, or (c) declared or paid any dividend or made any other distribution on
or  in  respect  of  its  capital  stock.  Except  as  described in the Offering
Materials, the Company has no outstanding obligations to any officer or director
of  the  Company.

     (x)     There  are  no  claims  for services in the nature of a finder's or
origination  fee  with  respect  to  the  sale  of the Common Stock or any other
arrangements, agreements or understandings that may affect the Placement Agent's
compensation,  as  determined by the National Association of Securities Dealers,
Inc.

     (xi)     The  Company  owns  or  possesses,  free and clear of all liens or
encumbrances  and  rights  thereto  or  therein  by third parties, the requisite
licenses  or  other  rights  to  use  all trademarks, service marks, copyrights,
service  names, trade names, patents, patent applications and licenses necessary
to  conduct  its  business  (including, without limitation, any such licenses or
rights  described  in  the Offering Materials as being owned or possessed by the
Company)  and,  except as set forth in the Offering Materials, there is no claim
or  action  by  any  person pertaining to, or proceeding, pending or threatened,
which  challenges  the  exclusive  rights  of  the  Company  with respect to any
trademarks,  service  marks,  copyrights,  service  names, trade names, patents,
patent applications and licenses used in the conduct of the Company's businesses
(including,  without  limitation,  any  such licenses or rights described in the
Offering  Materials as being owned or possessed by the Company) except any claim
or  action  that  would  not  have a material adverse effect on the Company; the
Company's  current  products,  services or processes do not infringe or will not
infringe  on  the  patents  currently  held  by  any  third  party.

(xii)     Except  as  described  in  the  Offering Materials, the Company is not
under  any  obligation  to  pay  royalties or fees of any kind whatsoever to any
third  party  with respect to any trademarks, service marks, copyrights, service
names,  trade names, patents, patent applications, licenses or technology it has
developed,  uses,  employs  or  intends  to  use  or employ, other than to their
respective  licensors.

(xiii)     Subject  to the performance by the Placement Agent of its obligations
hereunder,  the  offer  and  sale of the Securities comply, and will continue to
comply  in all material respects with the requirements of Rule 506 of Regulation
D  promulgated  by  the  SEC  pursuant  to the 1933 Act and any other applicable
federal  and  state  laws, rules, regulations and executive orders.  Neither the
Offering  Materials  nor  any  amendment or supplement thereto nor any documents
prepared  by the Company in connection with the Offering will contain any untrue
statement  of  a material fact or omit to state any material fact required to be
stated  therein  or  necessary  to  make the statements therein, in light of the
circumstances  under  which  they  were made, not misleading.  All statements of
material  facts in the Offering Materials are true and correct as of the date of
the  Offering  Materials.

(xiv)  All  material  taxes which are due and payable from the Company have been
paid  in full or adequate provision has been made for such taxes on the books of
the  Company  except for those taxes disputed in good faith the Company does not
have  any  tax  deficiency or claim outstanding assessed or proposed against it.
(xv)  None  of  the  Company  nor  any  of its officers, directors, employees or
agents,  nor  any other person acting on behalf of the Company, has, directly or
indirectly,  given  or  agreed to give any money, gift or similar benefit (other
than legal price concessions to customers in the ordinary course of business) to
any customer, supplier, employee or agent of a customer or supplier, or official
or  employee  of  any  governmental  agency or instrumentality of any government
(domestic  or  foreign) or any political party or candidate for office (domestic
or foreign) or other person who is or may be in a position to help or hinder the
business  of the Company (or assist it in connection with any actual or proposed
transaction) which (A) might subject the Company to any damage or penalty in any
civil, criminal or governmental litigation or proceeding, or (B) if not given in
the  past, might have had a materially adverse effect on the assets, business or
operations  of  the  Company  as  reflected  in  any of the financial statements
contained  in  the  Offering  Materials,  or (C) if not continued in the future,
might  adversely  affect  the  assets,  business, operations or prospects of the
Company  in  the  future.

     5.     Representations,  Warranties  and  Covenants  of  the  Investor.

     A.     The  Investor  represents,  warrants  and  covenants  as  follows:

     (i)     The  Investor  has the necessary power to enter into this Agreement
and  to  consummate  the  transactions  contemplated  hereby  .

     (ii)     The  execution  and delivery by the Investor of this Agreement and
the  consummation of the transactions contemplated herein will not result in any
violation  of,  or  be  in  conflict  with,  or  constitute a default under, any
agreement  or  instrument  to  which  the  Investor  is  a party or by which the
Investor  or its properties are bound, or any judgment, decree, order or, to the
Investor's  knowledge,  any  statute,  rule  or  regulation  applicable  to  the
Investor.  This  Agreement  when  executed  and  delivered by the Investor, will
constitute the legal, valid and binding obligations of the Investor, enforceable
in  accordance  with  their  respective terms, except to the extent that (a) the
enforceability  hereof  or  thereof  may  be  limited by bankruptcy, insolvency,
reorganization,  moratorium  or  similar  laws  from  time to time in effect and
affecting  the  rights  of creditors generally, (b) the enforceability hereof or
thereof  is  subject to general principles of equity, or (c) the indemnification
provisions  hereof  or  thereof may be held to be in violation of public policy.

(iii)     The Investor will promptly forward copies of any and all due diligence
questionnaires  compiled  by  the  Investor  to  the  Placement  Agent.

(iv)          The  Investor is an Accredited Investor (as defined under the 1933
Act).

(v)     The  Investor is acquiring the Securities for the Inventor's own account
as  principal,  not as a nominee or agent, for investment purposes only, and not
with  a  view  to,  or for, resale, distribution or fractionalization thereof in
whole  or  in  part  and  no  other  person  has a direct or indirect beneficial
interest  in such Securities.  Further, the Investor does not have any contract,
undertaking,  agreement  or  arrangement  with any personal to sell, transfer or
grant  participations to such person or to any third person, with respect to any
of  the  Securities.

(vi)     The  Investor  acknowledges  the  Investor's  understanding  that  the
offering  and  sale of the Securities is intended to be exempt from registration
under  the 1933 Act by virtue of Section 3(b) of the 1933 Act and the provisions
of  Regulation  D  promulgated  there  under  ("Regulation  D").  In furtherance
thereof,  the  Investor  represents  and  warrants  as  follows:

     (a)     The Investor realizes that the basis for the Regulation D exemption
may  not  be present, if, notwithstanding such representations, the Investor has
in  mind  merely  acquiring Securities for a fixed or determinable period in the
future,  or  for  a  market  rise, or for sale if the market does not rise.  The
Investor  does  not  have  any  such  intentions;

     (b)     The Investor has the financial ability to bear the economic risk of
the  Investor's  investment, has adequate means for providing for the Inventor's
current  needs  and  personal  contingencies  and has no need for liquidity with
respect  to  the  Investor's  investment  in  the  Company;  and

(c)     The Investor has such knowledge and experience in financial and business
matters  as  to be capable of evaluating the merits and risks of the prospective
investment.  The  Inventor  also  represents  it  has not been organized for the
purpose  of  acquiring  the  Securities.

     (vii)     The Investor has been given the opportunity for a reasonable time
prior  to  the  date  hereof  to ask questions of, and receive answers from, the
Company  or  its  representatives  concerning  the  terms  and conditions of the
Offering,  and  other  matters pertaining to this investment, and has been given
the  opportunity  for  a reasonable time prior to the date hereof to obtain such
additional  information in connection with the Company in order for the Investor
to  evaluate  the  merits and risks of purchase of the Securities, to the extent
the  Company  possesses  such information or can acquire it without unreasonable
effort or expense.  The Investor is not relying on the Placement Agent or any of
its  affiliates  with  respect  to  the accuracy or completeness of the Offering
Materials  or  for  any  economic  considerations  involved  in this investment.

     6.     Certain  Covenants  and  Agreements  of  the  Company.

     The  Company covenants and agrees at its expense and without any expense to
the  Placement  Agent  as  follows:

A.     To  advise  the  Placement Agent and the Investor of any material adverse
change  in  the  Company's  financial condition, prospects or business or of any
development  materially  affecting the Company or rendering untrue or misleading
any  material  statement in the Offering Materials occurring at any time as soon
as  the  Company  is  either  informed  or  becomes  aware  thereof.

B.     To  use  its  commercially  reasonable  efforts to cause the Common Stock
issuable  in  connection  with  the  Equity  Line  of  Credit to be qualified or
registered  for  sale  on terms consistent with those stated in the Registration
Rights  Agreement  and  under  the  securities laws of such jurisdictions as the
Placement  Agent  and  the  Investor  shall  reasonably request.  Qualification,
registration  and  exemption  charges  and  fees  shall  be at the sole cost and
expense  of  the  Company.

C.     Upon  written  request,  to provide and continue to provide the Placement
Agent  and the Investor copies of all quarterly financial statements and audited
annual  financial  statements  prepared  by  or  on behalf of the Company, other
reports  prepared  by  or on behalf of the Company for public disclosure and all
documents  delivered  to  the  Company's  stockholders.

D.     To  deliver,  during  the  registration  period of the Equity Line Credit
Agreement,  to the Investor  upon the Investor's request, within forty five (45)
days,  a statement of its income for each such quarterly period, and its balance
sheet  and  a statement of changes in stockholders' equity as of the end of such
quarterly period, all in reasonable detail, certified by its principal financial
or  accounting  officer;  (ii)  within  ninety (90) days after the close of each
fiscal  year,  its  balance  sheet as of the close of such fiscal year, together
with a statement of income, a statement of changes in stockholders' equity and a
statement  of  cash  flow for such fiscal year, such balance sheet, statement of
income,  statement of changes in stockholders' equity and statement of cash flow
to  be  in  reasonable  detail  and  accompanied by a copy of the certificate or
report  thereon  of  independent  auditors  if  audited financial statements are
prepared;  and  (iii) a copy of all documents, reports and information furnished
to its stockholders at the time that such documents, reports and information are
furnished  to  its  stockholders.

E.     To  comply  with  the  terms  of  the  Offering  Materials.

F.     To  ensure  that any transactions between or among the Company, or any of
its  officers,  directors  and affiliates be on terms and conditions that are no
less  favorable  to  the  Company,  than  the terms and conditions that would be
available  in  an  "arm's  length"  transaction with an independent third party.

7.     Indemnification.

A.     The  Company  hereby agrees that it will indemnify and hold the Placement
Agent and each officer, director, shareholder, employee or representative of the
Placement  Agent  and  each  person  controlling,  controlled by or under common
control  with  the  Placement Agent within the meaning of Section 15 of the 1933
Act or Section 20 of the 1934 Act or the SEC's Rules and Regulations promulgated
there under (the "Rules and Regulations"), harmless from and against any and all
loss,  claim,  damage, liability, cost or expense whatsoever (including, but not
limited  to,  any  and  all  reasonable  legal  fees  and  other  expenses  and
disbursements  incurred in connection with investigating, preparing to defend or
defending  any  action,  suit  or  proceeding,  including  any  inquiry  or
investigation,  commenced or threatened, or any claim whatsoever or in appearing
or  preparing  for  appearance  as  a witness in any action, suit or proceeding,
including  any  inquiry,  investigation  or  pretrial  proceeding  such  as  a
deposition)  to  which  the  Placement  Agent  or such indemnified person of the
Placement  Agent  may become subject under the 1933 Act, the 1934 Act, the Rules
and  Regulations, or any other federal or state law or regulation, common law or
otherwise,  arising  out  of  or  based upon (i) any untrue statement or alleged
untrue  statement  of  a  material  fact  contained  in  (a)  Section  4 of this
Agreement,  (b) the Offering Materials (except those written statements relating
to  the Placement Agent given by the Placement Agent for inclusion therein), (c)
any  application  or  other  document  or  written communication executed by the
Company  or based upon written information furnished by the Company filed in any
jurisdiction  in  order  to  qualify  the Common Stock under the securities laws
thereof,  or  any  state  securities  commission or agency; (ii) the omission or
alleged  omission from documents described in clauses (a), (b) or (c) above of a
material  fact required to be stated therein or necessary to make the statements
therein  not  misleading;  or  (iii) the breach of any representation, warranty,
covenant  or  agreement  made  by  the  Company  in this Agreement.  The Company
further  agrees  that  upon demand by an indemnified person, at any time or from
time  to  time, it will promptly reimburse such indemnified person for any loss,
claim,  damage,  liability,  cost or expense actually and reasonably paid by the
indemnified  person as to which the Company has indemnified such person pursuant
hereto.  Notwithstanding  the  foregoing  provisions of this Paragraph 7(A), any
such  payment or reimbursement by the Company of fees, expenses or disbursements
incurred by an indemnified person in any proceeding in which a final judgment by
a  court  of competent jurisdiction (after all appeals or the expiration of time
to  appeal)  is  entered  against the Placement Agent or such indemnified person
based upon specific finding of fact that the Placement Agent or such indemnified
person's  gross negligence or willful misfeasance will be promptly repaid to the
Company.

B.     The  Placement  Agent  hereby  agrees that it will indemnify and hold the
Company  and  each officer, director, shareholder, employee or representative of
the  Company, and each person controlling, controlled by or under common control
with  the Company within the meaning of Section 15 of the 1933 Act or Section 20
of  the 1934 Act or the Rules and Regulations, harmless from and against any and
all  loss,  claim, damage, liability, cost or expense whatsoever (including, but
not  limited  to,  any  and  all  reasonable  legal  fees and other expenses and
disbursements  incurred in connection with investigating, preparing to defend or
defending  any  action,  suit  or  proceeding,  including  any  inquiry  or
investigation,  commenced or threatened, or any claim whatsoever or in appearing
or  preparing  for  appearance  as  a witness in any action, suit or proceeding,
including  any  inquiry,  investigation  or  pretrial  proceeding  such  as  a
deposition)  to  which the Company or such indemnified person of the Company may
become  subject  under the 1933 Act, the 1934 Act, the Rules and Regulations, or
any  other  federal or state law or regulation, common law or otherwise, arising
out  of  or  based  upon  (i)  (i)  the  material  breach of any representation,
warranty,  covenant  or  agreement made by the Placement Agent in this Agreement
(ii)  any  false or misleading information provided to the Company in writing by
one  of  the Placement Agent's indemnified persons specifically for inclusion in
the  Offering  Materials.

C.     The  Investor hereby agrees that it will indemnify and hold the Placement
Agent and each officer, director, shareholder, employee or representative of the
Placement  Agent,  and  each  person  controlling, controlled by or under common
control  with  the  Placement Agent within the meaning of Section 15 of the 1933
Act  or  Section  20 of the 1934 Act or the Rules and Regulations, harmless from
and  against  any  and  all  loss,  claim,  damage,  liability,  cost or expense
whatsoever (including, but not limited to, any and all reasonable legal fees and
other  expenses  and  disbursements  incurred  in connection with investigating,
preparing  to  defend or defending any action, suit or proceeding, including any
inquiry or investigation, commenced or threatened, or any claim whatsoever or in
appearing  or  preparing  for  appearance  as  a  witness in any action, suit or
proceeding,  including any inquiry, investigation or pretrial proceeding such as
a  deposition)  to  which  the Placement Agent or such indemnified person of the
Placement  Agent  may become subject under the 1933 Act, the 1934 Act, the Rules
and  Regulations, or any other federal or state law or regulation, common law or
otherwise,  arising  out of or based upon (i) the conduct of the Investor or its
officers,  employees  or  representatives in its acting as the Investor  for the
Offering  or  (ii) the material breach of any representation, warranty, covenant
or  agreement  made by the Investor in the Offering Materials (iii) any false or
misleading  information provided to the Placement Agent by one of the Investor's
indemnified  persons.

     D.     The  Placement  Agent  hereby agrees that it will indemnify and hold
the Investor and each officer, director, shareholder, employee or representative
of  the  Investor,  and  each  person controlling, controlled by or under common
control  with  the  Investor within the meaning of Section 15 of the 1933 Act or
Section  20  of  the  1934  Act  or the Rules and Regulations, harmless from and
against  any  and all loss, claim, damage, liability, cost or expense whatsoever
(including,  but  not  limited  to,  any and all reasonable legal fees and other
expenses  and disbursements incurred in connection with investigating, preparing
to  defend or defending any action, suit or proceeding, including any inquiry or
investigation,  commenced or threatened, or any claim whatsoever or in appearing
or  preparing  for  appearance  as  a witness in any action, suit or proceeding,
including  any  inquiry,  investigation  or  pretrial  proceeding  such  as  a
deposition) to which the Investor or such indemnified person of the Investor may
become  subject  under the 1933 Act, the 1934 Act, the Rules and Regulations, or
any  other  federal or state law or regulation, common law or otherwise, arising
out  of  or  based upon (i) the material breach of any representation, warranty,
covenant  or  agreement  made  by  the  Placement  Agent  in  this  Agreement.

     E.     Promptly  after  receipt  by  an  indemnified  party  of  notice  of
commencement  of  any action covered by Section 7(A), (B), (C) or (D), the party
to  be indemnified shall, within five (5) business days, notify the indemnifying
party  of the commencement thereof; the omission by one (1) indemnified party to
so notify the indemnifying party shall not relieve the indemnifying party of its
obligation  to  indemnify any other indemnified party that has given such notice
and  shall  not  relieve the indemnifying party of any liability outside of this
indemnification  if  not  materially  prejudiced thereby.  In the event that any
action  is brought against the indemnified party, the indemnifying party will be
entitled  to participate therein and, to the extent it may desire, to assume and
control  the  defense  thereof  with  counsel  chosen  by it which is reasonably
acceptable  to  the indemnified party.  After notice from the indemnifying party
to  such indemnified party of its election to so assume the defense thereof, the
indemnifying  party  will  not  be  liable  to such indemnified party under such
Section  7(A),  (B),  (C),  or  (D) for any legal or other expenses subsequently
incurred  by  such indemnified party in connection with the defense thereof, but
the  indemnified  party  may, at its own expense, participate in such defense by
counsel  chosen  by  it,  without,  however,  impairing the indemnifying party's
control  of  the  defense.  Subject  to  the  proviso  of  this  sentence  and
notwithstanding  any  other  statement  to  the  contrary  contained herein, the
indemnified  party  or  parties  shall have the right to choose its or their own
counsel  and  control  the  defense  of  any  action,  all at the expense of the
indemnifying  party  if,  (i)  the  employment  of  such counsel shall have been
authorized  in  writing by the indemnifying party in connection with the defense
of  such  action  at  the  expense  of  the  indemnifying  party,  or  (ii)  the
indemnifying  party  shall  not have employed counsel reasonably satisfactory to
such  indemnified  party  to  have charge of the defense of such action within a
reasonable  time  after  notice  of  commencement  of  the action, or (iii) such
indemnified  party  or parties shall have reasonably concluded that there may be
defenses available to it or them which are different from or additional to those
available  to  one  or  all  of  the  indemnifying  parties  (in  which case the
indemnifying  parties  shall  not  have  the right to direct the defense of such
action  on  behalf  of the indemnified party or parties), in any of which events
such  fees  and  expenses  of  one  additional  counsel  shall  be  borne by the
indemnifying party; provided, however, that the indemnifying party shall not, in
connection  with any one action or separate but substantially similar or related
actions  in the same jurisdiction arising out of the same general allegations or
circumstance,  be  liable  for the reasonable fees and expenses of more than one
separate  firm  of  attorneys  at any time for all such indemnified parties.  No
settlement  of  any  action  or proceeding against an indemnified party shall be
made  without  the  consent  of  the  indemnifying  party.

F.     In  order to provide for just and equitable contribution in circumstances
in  which  the  indemnification  provided  for in Section 7(A) or 7(B) is due in
accordance  with  its  terms  but  is  for  any  reason  held  by  a court to be
unavailable  on  grounds  of  policy or otherwise, the Company and the Placement
Agent  shall contribute to the aggregate losses, claims, damages and liabilities
(including  legal  or  other expenses reasonably incurred in connection with the
investigation  or  defense of same) which the other may incur in such proportion
so  that  the  Placement  Agent  shall  be  responsible  for such percent of the
aggregate  of  such  losses,  claims, damages and liabilities as shall equal the
percentage  of  the  gross  proceeds paid to the Placement Agent and the Company
shall  be  responsible for the balance; provided, however, that no person guilty
of  fraudulent misrepresentation within the meaning of Section 11(f) of the 1933
Act shall be entitled to contribution from any person who was not guilty of such
fraudulent  misrepresentation.  For  purposes  of  this Section 7(F), any person
controlling,  controlled by or under common control with the Placement Agent, or
any  partner,  director,  officer,  employee, representative or any agent of any
thereof,  shall  have the same rights to contribution as the Placement Agent and
each  person controlling, controlled by or under common control with the Company
within  the  meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act
and  each officer of the Company and each director of the Company shall have the
same  rights to contribution as the Company.  Any party entitled to contribution
will,  promptly  after  receipt of notice of commencement of any action, suit or
proceeding  against  such party in respect of which a claim for contribution may
be  made against the other party under this Section 7(D), notify such party from
whom  contribution may be sought, but the omission to so notify such party shall
not  relieve  the party from whom contribution may be sought from any obligation
they  may have hereunder or otherwise if the party from whom contribution may be
sought  is  not  materially  prejudiced thereby.  The indemnity and contribution
agreements  contained in this Section 7 shall remain operative and in full force
and  effect  regardless  of  any  investigation  made  by  or  on  behalf of any
indemnified  person  or  any  termination  of  this  Agreement.

8.     Payment  of  Expenses.

The  Company  hereby  agrees  to bear all of the expenses in connection with the
Offering, including, but not limited to the following: filing fees, printing and
duplicating  costs, advertisements, postage and mailing expenses with respect to
the  transmission  of  Offering  Materials,  registrar  and transfer agent fees,
escrow  agent  fees and expenses, fees of the Company's counsel and accountants,
issue  and  transfer  taxes,  if  any.

9.     Conditions  of  Closing.

The  Closing  shall  be held at the offices of the Investor or its counsel.  The
obligations  of the Placement Agent hereunder shall be subject to the continuing
accuracy  of  the representations and warranties of the Company and the Investor
herein  as of the date hereof and as of the Date of Closing (the "Closing Date")
with  respect  to the Company and the Investor, as the case may be, as if it had
been  made on and as of such Closing Date; the accuracy on and as of the Closing
Date  of  the  statements  of  the  officers of the Company made pursuant to the
provisions hereof; and the performance by the Company and the Investor on and as
of  the  Closing  Date  of  its  covenants  and obligations hereunder and to the
following  further  conditions:

A.     Upon  the  effectiveness  of a registration statement covering the Equity
Line of Credit Agreement, the Investor and the Placement Agent shall receive the
opinion  of  Counsel to the Company, dated as of the date thereof, which opinion
shall  be  in  form and substance reasonably satisfactory to the Investor, their
counsel  and  the  Placement  Agent.

B.     At  or  prior  to the Closing, the Investor and the Placement Agent shall
have  been  furnished  such  documents,  certificates  and  opinions  as  it may
reasonably  require  for the purpose of enabling them to review or pass upon the
matters referred to in this Agreement and the Offering Materials, or in order to
evidence  the  accuracy,  completeness  or  satisfaction  of  any  of  the
representations,  warranties  or  conditions  herein  contained.

C.     At  and  prior  to  the  Closing,  (i)  there shall have been no material
adverse  change  nor development involving a prospective change in the condition
or  prospects or the business activities, financial or otherwise, of the Company
from  the  latest  dates as of which such condition is set forth in the Offering
Materials; (ii) there shall have been no transaction, not in the ordinary course
of  business  except  the  transactions  pursuant  to  the  Securities  Purchase
Agreement  entered  into  by  the  Company  which  has not been disclosed in the
Offering  Materials  or  to  the Placement Agent in writing; (iii) except as set
forth  in  the Offering Materials, the Company shall not be in default under any
provision of any instrument relating to any outstanding indebtedness for which a
waiver or extension has not been otherwise received; (iv) except as set forth in
the  Offering Materials, the Company shall not have issued any securities (other
than  those  to  be issued as provided in the Offering Materials) or declared or
paid any dividend or made any distribution of its capital stock of any class and
there shall not have been any change in the indebtedness (long or short term) or
liabilities  or  obligations of the Company (contingent or otherwise)  and trade
payable  debt;  (v)  no  material amount of the assets of the Company shall have
been  pledged  or  mortgaged, except as indicated in the Offering Materials; and
(v)  no  action, suit or proceeding, at law or in equity, against the Company or
affecting  any  of  its  properties or businesses shall be pending or threatened
before  or  by  any  court  or  federal  or  state  commission,  board  or other
administrative  agency,  domestic  or  foreign, wherein an unfavorable decision,
ruling or finding could materially adversely affect the businesses, prospects or
financial  condition  or  income  of  the  Company,  except  as set forth in the
Offering  Materials.

D.     At  Closing,  the  Investor  and  the  Placement  Agent  shall  receive a
certificate  of  the Company signed by an  executive officer and chief financial
officer,  dated  as of the applicable Closing, to the effect that the conditions
set  forth  in  subparagraph  (C)  above have been satisfied and that, as of the
applicable  closing, the representations and warranties of the Company set forth
herein  are  true  and  correct.

E.     The  Placement  Agent  shall  have  no  obligation to insure that (x) any
check,  note,  draft  or  other  means  of  payment for the Common Stock will be
honored,  paid or enforceable against the Investor in accordance with its terms,
or  (y)  subject to the performance of the Placement Agent's obligations and the
accuracy  of the Placement Agent's representations and warranties hereunder, (1)
the Offering is exempt from the registration requirements of the 1933 Act or any
applicable  state "Blue Sky" law or (2) the  Investor is an Accredited Investor.

10.     Termination.

     This Agreement shall be co-terminus with, and terminate upon the same terms
and  conditions as those set forth in, the Equity Line of Credit Agreement.  The
rights of the Investor and the obligations of the Company under the Registration
Rights  Agreement,  and the rights of the Placement Agent and the obligations of
the  Company  shall  survive  the  termination  of  this  Agreement  unabridged.

     11.     Miscellaneous.

     A.     This  Agreement  may be executed in any number of counterparts, each
of  which shall be deemed to be an original, but all which shall be deemed to be
one  and  the  same  instrument.

     B.     Any  notice  required  or  permitted  to be given hereunder shall be
given  in  writing  and  shall  be deemed effective when deposited in the United
States  mail, postage prepaid, or when received if personally delivered or faxed
(upon  confirmation  of  receipt  received  by  the sending party), addressed as
follows:

If  to  Placement  Agent,  to:     TN  Capital  Equities,  Ltd.
                                   14  East  60th  Street,  Suite  701
                                   New  York,  New  York  10022
                                   Attention:     John  Steinmetz
                                                  President
                                   Telephone:   (212)  355-6755
                                   Facsimile:    (212)  355-6727

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

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

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

With  Copies  to:                  Butler  Gonzalez  LLP
                                   1000  Stuyvesant  Avenue  -  Suite  No.  6
                                   Union,  New  Jersey  07083
                                   Attention:  David  Gonzalez,  Esq.
                                   Telephone:  (908)  810-8588
                                   Facsimile:  (908)  810-0973

or  to  such  other  address  of  which  written  notice is given to the others.

     C.     This  Agreement  shall  be governed by and construed in all respects
under the laws of the State of Nevada, without reference to its conflict of laws
rules  or principles.  Any suit, action, proceeding or litigation arising out of
or relating to this Agreement shall be brought and prosecuted in such federal or
state  court  or courts located within the State of New York as provided by law.
The  parties  hereby irrevocably and unconditionally consent to the jurisdiction
of each such court or courts located within the State of New York and to service
of  process by registered or certified mail, return receipt requested, or by any
other  manner  provided  by  applicable  law,  and  hereby  irrevocably  and
unconditionally  waive  any  right to claim that any suit, action, proceeding or
litigation  so  commenced  has  been  commenced  in  an  inconvenient  forum.

     D.     This  Agreement  and  the other agreements referenced herein contain
the  entire  understanding between the parties hereto and may not be modified or
amended except by a writing duly signed by the party against whom enforcement of
the  modification  or  amendment  is  sought.

E.     If  any  provision  of  this  Agreement  shall  be  held to be invalid or
unenforceable,  such  invalidity  or unenforceability shall not affect any other
provision  of  this  Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

     IN  WITNESS  WHEREOF, the parties hereto have executed this Agreement as of
the  date  first  written  above.
     COMPANY:
     ASIA  PROPERTIES  INC.

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

     PLACEMENT  AGENT:
     TN  CAPITAL  EQUITES,  LTD.

     By:      /s/ John Steinmetz
     Name:   John  Steinmetz
     Title:    President

     INVESTOR:
     CORNELL  CAPITAL  PARTNERS,  LP

     By:  Yorkville  Advisors,  LLC
     Its:  General  Partner

     By:   /s Mark Angelo
     Name:  Mark  A.  Angelo
     Title:  Portfolio  ManagerCONTRACT OF EMPLOYMENT

                                       And

                 STATEMENT OF PARTICULARS OF TERMS OF EMPLOYMENT

                                       For

                               Daniel S. Mckinney

                               1st September 1999

                                                [GRAPHIC OMITED]

                                    CONTENTS

Commencement  of  Employment
Description  of  Duties  and  Job  Title
Other  Interests
Travel  and  Working  Overseas
Remuneration
Review  of  Remuneration
Bonus          6
Holidays
Sickness
Pension
Share  Scheme
Car
Medical  Insurance     7
Suspension
Accepting  or  Offering  Improper  Inducements
Termination
Confidential  Information
Agreement  To  Make  Deduction/Withhold  Payment
Security

<PAGE>
                                  THE PARTIES

Name  and  address  of  employer:    Asia  Properties,  Inc.
                                     114 West Magnolia Street, #400-115
                                     Bellingham,  WA  98225
                                     (the  "Company")  (API)

Name  and  address  of  employee:    Daniel  S.  Mckinney
                                     13978  Marine  Drive
                                     White  Rock,  B.C.Canada  V4B1A5
                                     (referred to in this contract as "you")

<PAGE>

COMMENCEMENT  OF  EMPLOYMENT
Your  employment with the Company will commence on 1st December 1999 and that is
the  effective  date  of  this  contract.

For the purposes of your statutory rights: Your previous employment with Coldway
Limited  will  be  treated  as  part  of  your  continuous period of employment.
Accordingly  the date of commencement of your continuous period of employment is
25th  August  1998.

As from the effective date of this contract all other agreements or arrangements
between  you  and  the  Company  relating to your employment have ceased to have
effect.

DESCRIPTION  OF  DUTIES  AND  JOB  TITLE
Your  job  title  is  President  &  Chief  Executive  officer.
You  will  report  to  the  Board,  and  hold  a  seat  on  the  board.
Your  main  duties  will  be:
1.     Identify  Investment  opportunities  for  the  Company.
2.     Manage  the  World  wide  operations  of  the  company.
3.     In  addition  to  your main duties you will be required to carry out such
duties consistent with your status as the Company may from time to time require.

The  Company  may  at  any time, on giving you reasonable notice, require you to
undertake  any  additional  or  different  duties,  which  fall  within  your
capabilities.

If  required  by  the  Company,  you  will  undergo appropriate Company provided
training  to  enable  you  to  fulfil  your  duties (including any additional or
different  ones).

OTHER  INTERESTS
It  is  understood  that  you  are an outside Director of Entellium Corporation,
which  is  a  company  registered  in  Nevada. Your responsibilities, as outside
Director,  take  up  a  limited  amount  of  your  time.  You will represent the
investment  of  Asia  Properties,  11%  interest  in  Entellium.

Apart from the above, you must devote your time, attention and abilities to your
job duties during working hours, and to act in the best interests of the Company
at  all  times.  You  must not, without the Company's written consent, be in any
way directly or indirectly engaged or concerned in any other business where this
is or is likely to be in conflict with the Company's interests or where this may
adversely affect the efficient discharge of your duties.  However, this does not
preclude  you  holding,  for investment purposes only, up to 5% of any shares or
other class of securities in any public company, which is quoted on a recognised
Stock  Exchange.

TRAVEL  AND  WORKING  OVERSEAS
You  may  be  required  to  travel locally or internationally from time to time.
This  may  involve  travelling  outside normal business hours and at weekends or
public  holidays  should  the  need  arise.

Reasonable  expenses  will  be  reimbursed  for  such  travel.

REMUNERATION
For  the  year  1999,  your  basic  salary  is  US$  5,000.00  per  month.

Your  salary  will  be  paid in equal monthly instalments in arrears on the last
working  day  of each month directly into your bank account.  Payment in respect
of a period less than a month will be apportioned in proportion to the number of
days  worked  as a proportion of the total number of working days in that month.

Your  salary  will  be reviewed to US$ 7,000 per month as from 1st January 2000.
Your  salary  will be reviewed to US$ 10,000 per month as from 1st January 2001.

Any  outstanding  salary or consultancy payments due to you under this agreement
of  any  previous  agreements  will  be  paid  to  you  when  cashflow  permits.

REVIEW  OF  REMUNERATION
After  the  year  2001,  a review will be made of the basic salary at the end of
each  year  and will be renewed upwards by at least the Government quoted annual
inflation rate for the year just complete. Adjustments will be made in line with
generally  accepted  market  trends, taking into account the senior level of the
employee.

BONUS
In  addition  to  the  basic  salary  you will be entitled to participate in the
Company's  incentive  bonus  scheme,  subject to the rules in force from time to
time.  The  Company  reserves the right to amend or terminate this scheme at any
time,  with  or  without  replacement.

Your incentive bonus will be based on 0.5% of the increase in Net Asset Value of
API  over  each  calendar  year.

The bonus will be paid in shares or cash (or a combination) as determined by the
board.

<PAGE>

HOLIDAYS
The  Company's  holiday  year  runs  from  1st  January  to  31st  December.

You are entitled to 28 days' holiday with pay in every holiday year exclusive of
bank  and  other  public holidays. Holidays can only be taken at times agreed in
advance with the Company.  You must give the Company a minimum of 7 days' notice
of  your  intention  to  take  any  holiday.  The  Company reserves the right to
require you to take any period of holiday at any time by giving you a minimum of
30  days'  notice, except that the Company is not required to give you a minimum
period  of notice to take holiday if notice of termination of your employment is
given  (whether  by  you  or  the  Company).

Any  entitlement  to  holiday  remaining  at  the end of any holiday year may be
carried  forward  into  the  next  holiday  year  but  no  further.

The amount of holiday pay in lieu of holidays at end of employment is calculated
as  follows:

(a)     If,  when your employment ends, the number of days of holidays which you
have  taken  in  the  relevant year differs from your entitlement (calculated at
1.25  days  for  each  complete month of employment in the holiday year), then a
payment  for  the  number  of  days'  difference  will  be either paid to you or
refunded  by  you depending whether the amount actually taken is less or greater
than  your  entitlement.  The amount paid or refunded will be the number of days
difference  multiplied by the daily equivalent of your annual basic salary/wages
(on  the  basis  of  365  days  a  year).
(b)     You  will not be entitled to a payment under (a) above if the Company is
entitled  to  and  does  terminate your employment summarily or if you refuse to
take  any  holiday  entitlement  during  your  notice  period.

PENSION
The  Company  does not operate a pension scheme. But if a scheme is designed for
the  staff,  you  will  be  entitled  to  join.

SHARE  SCHEME
As a company employee, you will be eligible to participate in the Employee Stock
Option  Plan.

CAR
You  will  be  entitled  to use a Company car for your business and private use.

The  Company reserves the right to withdraw any such car from your possession in
the  event  that:

(a)     You  are  suspended  from  your  duties in accordance with the Company's
disciplinary  procedure.
(b)     You  are  no  longer  in  possession  of  a  valid  driver's  licence.

The  Company  will  be  responsible  for  all  servicing  and maintenance costs,
insurance  premiums  and  the  cost  of  the  petrol  that  you  purchase.

MEDICAL  INSURANCE
The  Company  will  provide  you  and  your  family with a first class worldwide
medical  insurance  covered  by an internationally recognised insurance company.

SUSPENSION
The  Company  has the right to suspend all or any of your duties for such period
and  on such terms as it considers appropriate, including a requirement that you
will  not  attend  at  the  Company's  premises or contact any of its customers,
suppliers  or staff.  The Company can exercise this right at any time (including
during  a period of notice terminating your employment) and whether or not it is
in connection with a disciplinary investigation.  Suspension will be on full pay
and  your  contractual  benefits  will  continue  to  be provided unless it is a
sanction  imposed  at  a  disciplinary  hearing (the sanction may be suspension,
without  pay  or  on  reduced  pay  as  the  Company  may  decide).

ACCEPTING  OR  OFFERING  IMPROPER  INDUCEMENTS
It  is  strictly forbidden to offer to any person who has or is likely to have a
business  relationship  with  any company in the API group or accept any benefit
whether  financial  or  in  kind  from  any  such person (other than your proper
remuneration  from  the  Company).

TERMINATION
You are entitled to 40 weeks' notice in writing of termination of employment and
to  an additional week's notice for each year of employment in excess of 3 years
up  to  a maximum of 52 weeks' notice in writing. The Company may make a payment
of  your  basic  salary  in  lieu  of  the  above  notice  entitlement.

The  above is subject to the Company's right to terminate your employment at any
time  without  notice:

(a)     for  any  act  of  serious  misconduct  or  of  serious incompetence; or
(b)     for  repeated  other  material  breach by you of your obligations to the
Company;  or
(c)     if you are guilty of any conduct which seriously prejudices or is likely
seriously  to  prejudice  the  Company;
(d)     if  you  are  convicted  for  an  arrestable  offence;  or
(e)     if  you become bankrupt or make any arrangement or composition with your
creditors.

You are required to give the Company not less than 4 weeks' notice in writing to
terminate  your  employment.

On termination of your employment you must immediately return to the Company, in
accordance  with  any  instructions  which  may  be  given  to you, all items of
property belonging to the Company in your possession or under your control.  You
must,  if  so required by the Company, confirm in writing that you have complied
with  your  obligations  under  this  provision.

CONFIDENTIAL  INFORMATION
Except in the proper performance of your duties, you will not either during your
employment  or  at  any  time  afterwards  use or communicate to any person, and
during  your  employment  you  will  use  your  best  endeavours  to prevent the
disclosure  of, any information of a confidential nature concerning the business
of the Company or of any customer, supplier or other person having dealings with
the  Company  and  which  comes  to  your  knowledge  during  the course of your
employment.

AGREEMENT  TO  MAKE  DEDUCTION/WITHHOLD  PAYMENT
At any time during your employment, or on its termination (however arising), the
Company shall be entitled to deduct from salary or any other payments due to you
in respect of your employment any monies due from you to the Company.  If at any
time you are requested to return to the Company property belonging to it and you
fail  to  do  so  the  Company  shall, without prejudice to any other remedy, be
entitled  to  withhold  any  monies  due  to  you  from  the  Company.

SECURITY
As  part  of  its general security procedures, the Company reserves the right to
carry out searches of your workplace at any time.  It also reserves the right to
search  you  and  your  personal  belongings, including the contents of lockers,
bags,  briefcases  and  vehicles.  Refusal  to  co-operate  with  the  Company's
reasonable  request  to  search in the furtherance of general security will be a
serious  disciplinary  offence  which  could  lead  to  summary  dismissal.

Searches  will  only  be  carried  out  by  authorised  personnel.

In  the  event of stock/monetary loss, you may be required to participate in the
Company's  investigations and co-operate where necessary with auditors and other
third  parties  at  the  direction  of  the  Company.

Your  signature below will constitute your agreement to the terms set out above.

                    date:
Signed  for  the  Company

                    date:
Signed  by  the  employee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]