Document:

EXHIBIT 10.10
    SHARE PURCHASE AGREEMENT RELATING TO THE PURCHASE OF CMD CAPITAL LIMITED

                        SNet Communications (HK) Limited
                                     ("SNet")

                                       and

                                   LING KAN NA

                                      ("Ting")

                                    Li Wei Man
                                     ("LI")

                  (SNET, TING AND LI, COLLCCTIVELY THE VENDORS)

                                       and

                  CathayOnline Technologies (Hong Kong) Limited

                                (the "Purchaser")

                            SHARE PURCHASE AGREEMENI

                       DATA AS OF THE 29TH DAY OF FEBRUARY 2000

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                            SHARE PURCHASE AGREEMENT

             THIS AGREEMENT MADE AS OF THE 29TH DAY OF FEBRUARY, 2000
                                           ---------------------

BETWEEN

         SNET Communications (HK) Limited, a company duly incorporated under the
         laws of Hong Kong Special Administrative Region (Hong Kong") ("SNet")

AND

         MS.  PING KIN NOK,  A  PERMANENT  RESWENT  OF HONG  KONG WITH HANG KONG
         IDENTITY card #P212902(0) ("Ting")

AND

         Mr. LI MTei Man,  a miident of Hong Kong with Hong Kong  identity  card
         #_______________ ("LI")

         (SNet, TIng and Li are collectively referred to as "Vendors")

AND

         CATHAYONLINE   TECHNOLOGIES   (HONG  KONG)  LIMITED,   A  COMPANY  DULY
         INCORPORATED UNDER THE LAWS OF HONG KONG (THE "PURCHASER")

WHEREAS:

A.       CMD Capital  Limited  (the  "Q,inpay~)  legally and  bcneficiafly  ow~s
         seventy percent (70%) of all issued and OUTSTANDING  SHARES OF CBIN2NET
         PUBLISHING CO. LID. ("CBLTIANCT"),  BOTH OF WHICH ARE DULY INCOIPORATED
         UNDER TBT LAWS OF HONG KONG;

B.       CHINANET LEGALLY AND  BENEFICIALLY  OWNS AD RIGHTS AND INTERESTS IN AND
         TO THE EOXZG KONG  EDITION OF S(T~T~  INVESTMENT"  JOURNAL,  A MAGAZINE
         DULY  RCGISTERCD  WITH  ________DEPARTMENT  IN HONG Kong  (Registration
         #_______

C.       THE COMPANY HAS CATERED INTO, A COOPERATION AGREEMENT (THE `COOPERATION
         AGREEMENT") WITH CHINA HVESTMAIT Publishing HOUSE ("CHINA INVESTMENT"),
         A COMPANY  ESTABLISHED UNDER THE LAWS OF THE PEOPLE'S REPUBLIC OF CHINA
         (MPRC") and UNDER THE CONTROL OF THE MC STATE PLANNING AND  DEVELOPMENT
         COMMISSION (A COPY OF THE  Cooperation  Agreement is attached hereto as
         Schedule A):

D.       5)1ST.   BENEFICIALLY  OWNS  TONY  PERCCNT  (40%)  OF  ALL  ISSUED  AND
         OUTSTANDING SHARES OF THE COMPANY;

E.       LTHG BENEFICIALLY OWNS FORTY PERCENT (40%) ALA!! ISSUED AND OUTSTANDING
         SKATES OF THE Company;

F.       LI BENEFICIALLY OWNS TWENTY PERCENT (20%) OF all issued and outstanding
         tires of the Cnmpany;

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G.       THE PURCHASER IS INDIRECTLY  WHOLLY OWNCD LEGALLY AND  BENEFICIALLY  BY
         CATHAYONLINC INC.  RCSOL"),  A COMPANY  incorporated  under the laws of
         Nevula, thc USA:

H.       EACH OF THE VENDORS  WISHES TO SELL TO THE  PURCHASER  SIXTY-TWO  POINT
         FIVE  PERCENT  (62.5%) OF their  respective  beneficW  interests in the
         issued   and   outstanding   Shares   of  the   Company   (collectively
         "Shareholding Interests");

I.       THE PURCHASER WISHES TO purchase such Sharcholding Iixensts.

NOW  THEREFORE,  IN  CONSIDERATION  OF THE  PREMISES  AND the  ntual  agreanents
contained bcrc'm and other valuable  consideration  (THE RECEIPT AND ADCQUACY OF
WHICH BY EACH OF the Parties hereto is ackflowledged).  the Parties hereto agree
as follows:

                                    ART1CLE 1

                                 INTERPRETATION

1.1      DEFINED  TERMS.  AS USED  IN THIS  Agreement.  including  the  recitals
         hereto, the following definition apply:

         CLOSING MEANS the  completion of the  transaction  of purchase and sale
contemplated in this Agreement;

         "COMPLETION  DATE" MEANS APRIL 1, 2000 OR SUCH OTHCR DATHS AGREED TO BY
THE Parties hereto;

         "CORPORATE  RECORDS"  MEANS WITH RESPECT TO THE COMPANY,  ALL CORPORATE
RECORDS OF the Company,  including (1) all  MEMORANDUM  ARID ARTICLES OR SIMILAR
CONSTADRIG DOCUMENTS,  ANY UNAIMOUS  shareholders  agreements and any amendments
thereto; (II) A!! MINUTES OF MEETINGS AND RESOLUTIONS OF SHAREHOLDEN,  DIRECTORS
AND ANY CONUNITTEE THEREOF;  AND (III) THE share CERTIFICATE BOOKS,  REGISTER OF
SHAREHOLDERS, REGISTER OF TRANSFERS AIX! REGISTER OF directors;

         "ENCUMBRANCES"  MEANS  LIENS,  CHARGES,  MENGAGES,   PLEDGES,  SECURITY
INTERESTS.  CLAIMS, DEFECTS OF title, restrictions AND ANY OTHER RIGHTS OF THIRD
PARTIES TELATING TO ANY PROPERTY, INCLUDING RIGHTS OF ACT-OFT AND VOTING trusts,
and other encumbrances of any kind; and

         "SHARING  PERCENT"  MEANS A  PERCENTAGE  OF FORTY (40).  FORTY (40) AND
TWENTY (20) FOR EACH OF SNET, TING AND LI RESPECTIVELY.

                                    ARTICLE 2

                      SHARE PURCHASED AND PLJRC}IASE PRICE

2.1      PURCHASE  AN&SALEESHAREHOLDHIG  INTERESTS,  ON THE TERMS AND CONDITIONS
         HEREOF,  THE VENDORS  HEREBY  JOLRTUY SELL,  ASSIGN AND TRANSFER TO TUE
         PURCHASER AND THE PURCHASER  HEREBY  PURCHASES  FROM THE VENDORS ON THE
         DATE HEREOF, THE Sharebolding Interests.

2.2      PURTHASE~PRICE - SHAREHOLDING  INTERESTS. THC AGGREGATE  PURCHASE PRICE
         (THE

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         PURCHASE  PRICE")  PAYABLE BY THE  PURCHASER  TO THE  VENDORS  FOR THE
         SHAREHOLDING  INTERESTS SHALL BE ONE Million Us Dollars  (US$1,000,000)
         AND TWO MILLION  COMMON SHAMS FROM THE TR~SWY OF CAO!4 (`CAOL  Shares")
         to be paId and issued in accordance with Section 2~3 hereof.

2.3      PAYMENT OF PURCHASE  PRICE.  The  Purchaser  shall:  (i) pay Nw Hundred
         Thousand  US Dollars  (US$500,000)  awl cause CAOL TO ISSUE ONE MILLION
         (1,000,000)  CAOI4 SHARES TO THE VENDORS WITHIN THIRTY (30) DAYS OF the
         execution of this Agreement (ii) PAY FIVE HUNDIAT  THOUSAND 135 DOLLARS
         (US$500,000)  AND CANSE  CAO!,  TO issue One Million  (1,000.000)  CAOL
         Shares to the VENDORS  WITHIN SIX (6) MONTHS UPON THE  CONSUMMATION  OF
         THE TRANSACTIONS  CONTEMPLATED  UNDER THE COOPERATION  AGREEMENT BY THE
         PASTIES THERETO.  INCLUDING INCORPORALING  APPROPRIATE ENTITIES IN HONG
         KONG AND PRCI  launching  the Hong Kong  edition of ~CHINA  INVESTMENT"
         JOURNAL  AND A ICP  SITE  IN THE PRC  WITH  INSSARY  AUTHORIZATION  AND
         LICENSES FROM RELEVANT PRC GOVERNMENT departments.

2.4      DISTRIBUTION  OF~PURCHASE  PRICE THE PURCHASE I'XICE WIN BE DISTRIBUTED
         TO EACH OF THE VENDORS IN accordance with the Sharing Perceut.

                                    ARTICLE 3

                                   COMPLETION

3.1      CCCPLETION OF THE SALE AND PURCHASE OF THE SHAREHOLDING INTERESTS SHALL
         TAB PLACE AT the office of Stikeman,  Elliott at Suite 1103.  Ann China
         Enilding,  29 Queen's  Road  Central,  Hang Kong at 10:00  A.M.  on the
         Completion  Date when all (BUT NOT PART ONLY UNLESS the parties  hereto
         agree otherwise) of The following business shall be fransacce4:

         (a)      The  Vendors  shall  jointly  or  severally   deliver  to  the
                  Purchaser

                  (I)      INSTRUMENTS  OF TRANSFER AND SOLD NOTES IN RESPECT OF
                           the Sbareholding  Interests  executed by the NOMINEES
                           OF the Vendors  together with the share  certificates
                           therefor

                  (II)     IN THE EVENT THAT THE NUMBER OF DIRECTORS  CONSISTING
                           THE  BOARD OF THE  COMPANY  AS  authorized  under the
                           articles of  association of the Company is any number
                           other than three (3), a certified copy  RESOLUTION OF
                           THE  SHAREHOLDERS  OF  THE  COMPANY  AUTHORIZING  THE
                           AMENDMENT OF THE number of directors  CONSISTING  THE
                           BOARD TO THREE (3) UNDER SUCH RELEVANT  CLAUSE OF THE
                           ARTICLES OF ASSOCIATION OF THE Company;

                  (III)    LETTERS  OF  RCSIGJIATION  DULY  SIGNED  BY  ALL  THE
                           EXISTING DIRECTORS OF THE Company;

                  (IV)     A CERTIFIED COPY RESOLUTION OF THE BOARD OF DIRECTORS
                           OF  THE  COMPANY   APPROVING   THE  TRANSFER  OF  THE
                           SBAREHOKLING   INTERESTS  BY  THE  VENDORS  OR  THEIR
                           NOMINEES  TO THE  PURCHASER  and  appointing  two (2)
                           PERSONS AS THE PURCHASER SHALL NORNBIATE DIRECTORS OF
                           THE COMPANY, WITH EFFECT FROM the Completion DATC;

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                  (V)      ALL BOOKS, RECORDS, DEEDS, AGREEMENTS,  LEASES, BOOKS
                           OF ACCOUNT,  LISTS of suppliers  and customers ol the
                           Company and all other documents,  files,  records and
                           other data,  financial or othenwise,  relating to the
                           Company;

                  (VI)     DULY EXECUTED LETTERS OF resignation of the resigning
                           directors,  undated,  resigning  as  directun  of the
                           Company;

                  (VII)    A MANAGEMENT  AGREEMENT,  IN THE FORM SATISFACTORY TO
                           THE  PURCHASER,  DULY EXECUTED by the Vendors  and/or
                           the  Company  with  regard  to  the   MANAGEMENT  AND
                           OPERATION OF THE COMPANY; and

                  (viii)   a shareholders' agreement, in the form satisfaaory to
                           the  Purchaser,  duly executed by the Vendors and the
                           Company.

         (B)      THE  PURCHASER  SHALL  DELIVER  TO THE  VEALORS  (I)  executed
                  Instruments  of  fransfer  and bought  notes hi respect OF THE
                  SHARTHOLDING   INTERESTS;   (II)  A  CHEQUE   IN  THE  SUM  OF
                  HX$__________ REPRESENTING THE Purchaser's share OF STAMP DUTY
                  WITH  RESPAS  TO THE SALE  AND  PURCHASE  OF THE  SHAREHOLDING
                  INTERESTS;  AND (III) consents to act AS DIRECTORS DULY SIGNED
                  BY THE TWO (2)  DIRECTORS SO NOMINATED BY the Purchaser to the
                  board of directors OF the Company.

         (C)      THE  PARTIES  HERETO  SHALL  EXECUTE  AND  DO OR  CAUSE  TO BE
                  EXECUTED AND DONE all such other documents,  INSTRUMENTS, ACTS
                  AND THINGS AS ARE  REASONABLYNECESSARY IN ORDER' TO EFFECT THE
                  SALE AND PURCHASE OF THE Shareholding Interests.

3~2  NOTWITHSTANDING  ANY  OTHER  PROVISION  CONTAINED  IN THIS  AGREEMENT,  THE
OBLIGATION  OF THE  PURCHASER  TO  COMPLETE  THE  PURCHASE  OF THE  SHAREHOLDING
INTERESTS  NT/OR TO PAY THE  PURCHASE  PRICE TO THE  VENDORS  IS  SUBJECT TO THE
following  conditions TO BE FULFILLED OR PERT BRINED ON OR BEIBRE THE COMPLETION
DATE, WHICH CONDITIONS ARE FOR THE EXCLUSIVE benefit of the Purchaser and may be
waived by the Purchaser in writing in its sole discretion:

         (A)      THE  RCPRESCNTATIONS~  WARRANTIES AND COVENANTS OF the Vendors
                  to the  Purchaser  contained in this  Agreement  SHALL BE IFUE
                  ARID CORRECT AS AT THE  COMPLETION  DATE WITH THE SAME FARCE ~
                  EFFECT AS IF SUCH  REPRESENTATIONS,  WARRANTIES  AND COVENANTS
                  WERE MADE AT AND AS OF such time;

         (B)      ALL OF THE TERMS,  COVENANTS AND  CONDITIONS OF this Agreement
                  to be compiled  with or  pcrformed by the Vendors at or before
                  the ccmpletion Date shaU have been complied with or performed;
                  and

         (c)      the  Purchaser or its advisers  shall bave  completed  its due
                  diligence  on the  Company  and shall  have  obtained  results
                  satisfactory to it.

         If the above conditions are not fulfilled or waived by the Purchaser on
         or before the  Completion  Date,  the  Purchaser  shall be  entitled to
         rescind  this  Agreement In which event no party shall have any further
         claim HEREUNDER AGAINST THE OTHER1

                                    ARTICLE 4

<PAGE>

                    REPRESENTATIONS, WARRANTIES AND COVENANTS

4.1  BJ~RSABILONS_~!DWARNKTICS  OFTHEYSIDAN,  Each oldie Vendors  represents and
warrants a~ follows to tim  Purchaser  and  acknowledges  and confirms  that the
Purchaser is relying upon such  representations  and warranties in conntion with
the purchase by the Puirliaser of the SharcboWing Interests:

         (A)      FLUE TNCOGPJNTION AND EXISTENCE OF THE CQM~PANY.  Each of SNeC
                  and the Company is a  corporation  incorporated  and  existing
                  under the laws of Hong Kong.

         (B)      CORPORATE  L~P~ER.  The Company has the corporate power to own
                  its  property  and to  carry  on  the  business  as now  being
                  conducted by it.

         (C)      AUTHORI,ED_AND  TSSNE&CAPTTAL.  The authorized  capital of the
                  Company  CONSISTS  OF -, OF  WHICH,  AT THE DATE  HEREOF,  100
                  SHARES (BENEFICIALLY OWNED BY THE VENDORS) HAVE BEEN ISSUED --
                  OUTSTANDING AS FOLLY PAID.

         (D)      OPTJONS.  ETC. EXCEPT FOR THE PURCHASER'S RIGHT HEREUNDER,  NO
                  PERSON HAS ANY OPTION,  WARRANT,  RIGHT,  CALL,  CONNUITINENT,
                  CONVERSION RIGHT,  RIGHT OF EXCHANGE OR OTHER AGREANECT OR ANY
                  RIGHT OR PRIVILEGE (WHETHER BY LAW, PRCCMPTIVC OR COUTTACTUAL)
                  CAPABLE  OF  BECOMING  AN  OPTION,   WARRANT,   RIGHT,   CALL,
                  COMMITMENT,  CONVERSION  RIGHT,  RIGHT  OF  EXCHANGE  OR OTHER
                  TPECMEM FOR THE PURCHASE, SUBSCRIPTION,  ALLOTMENT OR ISSUANCE
                  OF ANY OF THE UNISSUED SHARES IN THE CAPITAL OF THE COMPANY OR
                  MANY SECURITIES OF THE COMPANY.

         (E)      CORPORATERECOTT  THE  CORPORATE  RECORDS  OF THE  COMPANY  ARC
                  COMPLETE AND ACAN*E AND ALL CORPORATE  PROCEEDINGS AND ACTIONS
                  REFLECTED  THEREIN HAVE BEEN  CONDUCTS OR TAKEN IN  COMPLIANCE
                  WITH ALL APPLICABLE  LAWS AND WITH THE MEMORANDUM AND ARTICLES
                  OF THE COMPANY~

         (F)      VALIDITY OF  MREEMC!N.  EACH OF THE  VENDORS HAS ALL  N~ESSARY
                  POWER,  AUTHORITY  AND  CAPACITY TO ENTER INTO AND PERFORM ITS
                  OBLIGATIONS UNDER THIS AGREEMENT. THE EXECUTION,  DELIVERY AND
                  PERFORMANCE BY EACH OF THE VENDORS OF THIS  AGTEESNENT AND THE
                  CONSUMMATION OF THE TRANSACTIONS CONTANPIATED THEREBY:

                  (I)      IN THE CASE OF SNET, HAVE BEEN DULY AUTHORIZED BY ALL
                           NECESSARY   CORPORATE   ACTION   ON   THE   PART   OF
                           SNET AND

                  (II)     DO NOT (OR WOULD NOT WITH THE GIVING OF  NOTICE,  THE
                           LAPSE OF. TIME OR THE HAPPENING OF ANY OTHER EVENT OR
                           CONDITION) RESULT IN A VIOLATION OR A BREACH OF, OR A
                           DEFAULT UNDER OR GIVE RISE TO A RIGHT OF TCRMIUATION,
                           AMENDMENT OR CANCELLATION OR THE  ACCELERATION OF ANY
                           OBLIGATION   UNDER   (A)  ANY   CHARTER   OR   BY-LAW
                           INSTRUMENTS OF SNOT; (B) ANY CONTRACTS OR INSTRUMENTS
                           TO WHICH  ANY OF THE  VENDORS  IS A PARTY OR BY WHICH
                           ANY  OF  THE  VENDON  IS  BOUND;   OR  (C)  ANY  LAWS
                           APPLICABLE TO ANY OF THE VENDORS.

                  THIS   AGREEMENT   CONSTITUTES   LEGAL,   VALID  AND   BINDING
                  OBLIGATIONS OR THE

<PAGE>

                  VENDORS, AS APPLICABLE, ERTARCEABLC AGAINST THAN IN ACCORDANCE
                  WITH ITS TERMT

         (H)      RNTRKTIVTDOAMJ~EPJ~.  NEITHER  THE  COMPANY NOR THE VENDORS IS
                  SUBJECT TO, OR A PARTY TO, ANY CHARTER OR BY-LAW  RESFRICTION,
                  ANY LAW,  ANY CLAIM  RELATING TO THE PERIOD  PRIOR TO THE DAFT
                  INTO!,  ANY CONTRACT OR  HISTRUINENT,  ANY  ENCUMBRANCE OR ANY
                  OTHER RESTRICTION OF ANY KIND OR CHARACTER WHICH WOULD PREVENT
                  THE  CONSUMMATION  OF THE  TRANSACTIONS  CONTEMPLATED  BY THIS
                  AGRECNNT  OR   COMPLIANCE  BY  THE  VENDORS  WITH  THE  TENUS,
                  CONDITIONS AND PROVISIONS HEREOF OR THE CONTINUED OPERATION OF
                  THE  BUSINESS  BY  THE  COMPANY   AFTER  THE  DATE  HEREOF  ON
                  SUBSTANTIALLY  THE SAME BASIS AQ  HERETOFORE  OPERATED S WHICH
                  WOULD  RESTRICT THE ABILITY OF THE PURCHASER TO ACQUIRE ANY OF
                  THE  SHAREHOLDING  INTIETESTS  OR TO  CAUSE  THE  CORNPSNY  TO
                  CONDUCT THE BUSINESS IN ANY AREA.

         (I)      T~XESAUD  STAT~!T*RY RETUR4. THE COMPANY HAS TIED OR CAUSED TO
                  BE FILED, WITHIN THE TIMES AND WITHIN THE MANNER PRCSCNLCCL BY
                  LAW, ALL TAX RETURNS AND ANNUAL  RETURNS WHICH ARC REQUIRED TO
                  BE FILED BY OR WITH RESPECT TO THE COMPANY.  `THE  INFORMATION
                  CONTAINED  IN SNCB  RETURNS IS CORRECT AND  COMPLETE  AND SUCH
                  REMRNS AND REPORTS REFLECT  ACCURATELY ALL LIABILITY FOR TAXES
                  OF  THE  COMPANY  FOR  THE  PERIODS  COVERED  THEREBY  OR  THE
                  CORPORATE  STRUCTURE  OF THE  COMPANY,  AS THE CASE MAY BT ALL
                  TAXES AND ASSESSMENTS  (INCLUDING INTEREST AND PENALTIES) THAT
                  ARE OR MAY BECAME PAYABLE BY OR DUE FROM THE COMPANY HAVE BEEN
                  FULLY PAID OR FOLLY  DISCLOSED  AND FULLY  PMVIDCD  FOR IN THE
                  BOOKS AND RECOUIS.

4.2 COVAIAPTC SITHEJENDO~.  IN THE EVENT ANY OF THE VENDORS SELLS ANY PORTION OF
ITS  SHAREHOLDING  OR BENEFICIAL  INTERESTS  THEREOF IN THE COMPANY TO ANY OTHER
THIRD  PARTIES,  THE VENDORS  JOINFLY AND SEVERALLY  COVENANT THAT THEY WILL USE
THEIR BEST  ENDEAVOUR TO CAUSE SUCH THIRD  PARTIES TO BE A PARRY AND BE BOUND BY
THE  SHAREHOLDER  AGREEMENT  BETWEEN THE VENDORS.  THE PURCHASER AND THE COMPANY
WHICH SHALL CONTAIN  PROVISIONS  STIPULATING  THAT THE PURCHASER  SHALL HAVE THE
RIGHT OF FIRST REIBSAL TO ACQUIRE ALL BUT NOT ANY PART THEREOF THE  SHAREBALDING
OF SUCH THIRD PARTIES IN THE COMPANY.

4.3  REPJ~SA*ALION~ANDWARRA~JJES  4FRE  PJGCHA~.  THE PURCHASER  REPRESENTS  AND
WARRANTS  AS FOLLOWS TO THE  VENDORS  AND  ACKNOWLEDGES  AND  CONFIRMS  THAT THE
VENDORS ARE RELYING ON SUCH  RCPRESENBTIORLS  AND WARRANTIES IN CONNECTION  WITH
THE SALE BY THE VENDORS OF THE SHARTHOLDLNG INRCR~TS:

         (A)      DUEANCORATION,.  AUDJ~DSTAS.  THE  PURCHASER IS A  CORPORATION
                  DULY INCORPORATED WIDER THE LAWS OF FLONG KONG.

         (B)      VALIDITYIPF  ~ THE  PURCHASER  HAS  ALL  NECESSARY  POWER  AND
                  CAPACITY TO ENTER INTO AND PERFORM ITS OBLIGATIONS  WIDER THIS
                  AGRCEZNENT.  THE  EXECUTION,  DELIVERY AND  PERFORMANCE BY THE
                  PURCHASER  OF  THIS  AGREEMENT  AND  THE  CONSUMMATION  OF THE
                  TRANSACTIONS CONTEMPLATED THEREBY:

                  (I)      HAVE BEEN DULY AUTHORIZED BY ALL NECESSARY  CORPORATE
                           ACTION ON THE PAD OF THE PURCHASER; AND

                  (II)     DO NOT (OR WOULD NOT WITH THE GIVING OF  NOTICE,  THE
                           LAPSE OF TIME OR THE  HAPPENING OF ANY OTHER EVENT OR
                           CONDITION) RESULT IN A VIOLATION OR A

<PAGE>

                           BREACH OF, OR A DEFAULT UNDER OR GIVE RICE TO A RIGHT
                           OF  TERMINATION,  AMENDMENT  OR  CANCELLATION  OR THE
                           ACCELERATION OF ANY OBLIGATION  UNDCR (A) ANY CHASTER
                           OR  BY-LAW  INSTRUMENTS  OF THE  PURCHASER;  (B)  ANY
                           CONTRACTS OR  INSTRUMENTS TO WHICH THE PURCHASER IS A
                           PARTY OR BY WHICH THE  PURCHASER  IS BOUND OR (C) ANY
                           LAWS APPLICABLE TO IT.

                  THIS   AGREEMENT   CONSTITUTES   LEGAL,   VALID  AND   BINDING
                  OBLIGATIONS  OF  THE  PURCHASER   ENFORCEABLE  AGAINST  IT  IN
                  ACCORDANCE  WITH ITS  TERMS  SUBJECT,  AS TO  ENFORCEMENT,  TO
                  BANHUPTCY,  INSOLVENCY  AND  OTHER  LAWS  AFFCCTING  RIGHT  OF
                  CREDITORS GENERALLY AND TO GENERAL PRINCIPLES OF EQUITY.

4.4 SURVIVAL OF REPRESENTAIONS,  WARRANTIES AND COVENANTS.  THE .RPRESENTATIONS,
WARRANTIES  AND COVENANT OF THE VENDORS  CONTAINED IN SECTIONS 4.1 AND 42 HEREOF
AND THE REPRESENTATIONS AND WARRANTIES OF THE PURCHASER CONTAINED IN SECTION 4.3
HEREOF SHALL SURVIVE THE CLOSING AND SHALL CONTINUE IN ML FORCE AND EFFECT FOR A
PERIOD OF ONE (1) YEAR FROM THE DME  HEREOF  AND ANY  CLAIM IN  RESPECT  THEREOF
(EXCEPT A CIT BASED ON FRAUD WHICH SHALL SURVIVE INDEFINITELY).

                                    ARTICLE S

                           UNDERAKINGS AND INDEMNIT1ES

5.1 THE VENDORS! UNDCRTAIDNGS. THE VENDORS JOINTLY AND SEVERALLY UNDERTAKE TO:

         (A)      CAUSE THE CHINA INVESTMENT TO MAINTSIN ITS STATUS AS AN ENTITY
                  CONTROLLED   BY  THE  PRC  SLATE   HENNING   AND   DEVELOPMENT
                  COMMISSION;

         (B)      INTRODUCE OTHER INTERNET-RELATED ACQUISITIONS OPPORTUNITIES IN
                  THE PRC TO THE PURCHASER AND/OR CAOL; AND

         (C)      CAUSETINGANDMR.YULIANZNENGTOACTASADVISERSOFTHECOTNPANY.

5.2 INDEMNIFICATION IN FAVOUR OF THE PURCHASER.  THE VENDORS SHALL INDEMNIFY AND
SAVE THE PURCHASER, AND ITS SHAREHOLDERS, DFRECTONS, OFFICERS, EMPLOYEES, AGENTS
AND  RCPRESENTADVES,  (IN RESPECT OF WHOM THE PURCHASER HEREBY ACTS AS AGENT AND
TRUSTEE WITH RESPECT  THERETO)  HARMLESS OF AND FROM ANY CLAIM OR LOSS  SUFFERED
BY,  IMPOSED UPON OR ASSERTED  AGAINST THE  PURCHASER AS A RESULT OF, IN RESPECT
OF. CONNECTED WITH OR ARISING OUT OF UNDER OR PUSSUANIB:

         (A)      ANY  FAILURE  ACT ANY OF THE  VENDORS TO PERFORM OR IULFLL ANY
                  COVENANT OR OBLIGATIONS OF THE VENDORS UNDER THIS AGREEMENT;

         (B)      ANY BREACH OR INACCURACY  OL' ANY  REPRESENTATION  OR WARRANTY
                  GIVEN BY THE VENDORS CONTAINED IN THIS AGREEMENT ; AND

         (C)      ANY CLAIMS OR NOTICES  RELATING  TO ANY FTCTS,  CIRCUMSTANCES,
                  EVENTS,  CONDITIONS OR OCCURRENCES IN EXISTENCE AS AT OR PRIOR
                  TO THE DATE HEREOF,  RELATING  DIRECTLY OR  INDIRECTLY  TO THE
                  COINPAMY.

5.3 INDEMNIFICATION OF THE VENDORS. THE PURCHASER SHALL INDEMNIFY AND SAVE

<PAGE>

THE VENDORS  HATMLCSS OF AND FROM ANY CHAIN OR LOTS SUFFERED BY. IMPOSED UPON OR
ASSESTED  AGAINST THE VENDORS AS A RESULT OF, IN RESPECT OF.  CONNECTED  WITH OR
ARISING OUT OF. UNDER OR PURSUANT TO:

         (A)      ANY FAILURE BY THE  PURCBASC TO PERFORM AID TWILL ANY COVENANT
                  OF THE PNRCBASER UNDER THIS AGREEMENT; AND

         (B)      ANY BREACH OR  INACCURACY  OF ANY  REPRESENTATION  OR WARRANTY
                  GIVEN BY THE PURCHASER CONTAINED IN THIS AGREEMENT.

                                    ARTICLE 6

                                  MISCELLANEOUS

6.1 FURTHER  ASSURANCES.  FROM TIME TO TIME SUBSEQUENT TO THE DATE HEREOF,  EACH
PARTY  SHALL  AT THE  REQUEST  OF ANY  OTHER  PARTY  EXECUTE  AND  DELIVER  SUCH
ADDITIONAL  CONVEYANCES,  TRANSFERS  AND OTHER  ASSURANCES  AS MAY BE REASONABLY
REQUIRED EFF~IVELY TO CARRY OUT THE INTENT OF THIS AGREEMENT AND TO TRANSFER THE
SHAREHOLDING INTERESTS TO THE PURCHASER.

6.2 JOIMT ANS SERVERAL  LIABILITY.  NOTWITHSTANDING  ANY OTHER PROVISION HEREOF,
THE  VENDORS  SHALL BE  JOINTLY  AWL  SEVERALLY  LIABLE  WITH EACH  OTHER,  AS A
PRINCIPAL  ANTI NOT AS A SI&RETY,  WITH  RESPECT TO ALL OF THE  REPRESENTATIONS,
WARRANTIES, COVENANTS, INDEMNITIES AWL AGREEMENTS OF THE VENDORS.

63 STAMP DUTY THE STAMP DUTY PAYABLE ON THE SATE AND PURCHASE OF THE SHAREBDDING
INTERESTS SHALL BE BORNE EQUALLY BY THE PURCHASER AND THE VENDORS.

6.4  EXPENSES.  EXCEPT AS OTHERWISE  EXPIESSLY  PROVILED  HEREIN,  ALL COSTS AND
EXPENSES  (INCLUDING THE FEES AND  DISBURSANENTS  OF LEGAL  COUNSEL,  INVESTMENT
ADVISERS  AND  AUDITORS)  INCURRED IN  CONNECTION  WITH THIS  AGREEMENT  AND THE
TRANSACTIONS  CONTEMPLATED  HEREBY  SHALL BE PAID BY THE  PARTY  INCURRING  SUCH
EXPENSES.

6.5 ENUREMENT. THIS AGREEMENT SHALL ENTIRE TO THE BENEFIT OF AND BE BINDING UPON
THE PARTIES, THEIR SUCCESSORS AND ANY PENNITTED ASSIGNS.

6.6  COUNTERPARTS.  THIS AGREEMENT MAY BE EXECUTED IN ONE OR MORE  COUNTERPARTS.
EACH OF WHICH  SHALL BE DEEMED AN  ORIGINAL  AND ALL OF WHICH,  TAKEN  TOGETHER,
SHALL CONSTITUTE ONE AM) THE SAME INSTRUMENT.

6.7  GOVERNING LAW AND JURISDICTION.  THIS  AGREEMENT  SHALL BE GOVERNED BY, AND
CONSTNIED  AND  ENFORCED  IN  ACCORDANCE  WITH THE LAWS OF BANG KONG- EACH PARTY
HEREBY  IRREVOCABLY  SUBMIT TO THE  NON-EXCLUSIVE  JURISDICLION OF THE COURTS OF
HONG KONG WITH RESPECT TO ANY MATTER ARISING HEREUNDER OR RELATED HERETO.

6.8 ASSIGNMENT.  NONE OF THE RIGHTS OR OBLIGATIONS HEREUNDER SHALL BE ASSIGNABLE
OR  TRANSFERABLE  BY ANY PARTY  WITHOUT THE PRIOR  WRITTEN  CONSENT OF THE OTHER
PATTIES.

6.9 GKNDER AND NUMBER.  ANY REFRRENCE IN THIS  AGREEMENT TO GENDER SHALL INCLUDE
ALL GENDERS,  AND WORDS  IMPORTING  THE SINGULAR  NUMBER ONLY SHALL  INCLUDE THE
PLURAL AND VICE VERSA.

<PAGE>

6.10 HEADINGS,  ETC. THE PROVISION OF A TABLE OF CONTENTS,  THE DIVISION OF THIS
AGREEMENT INTO ARTICLES,  SECTIONS,  SUBSECTIONS AND OTHER  SUBDIVISIONS AND TBC
INSERTION OF HEADINGS ARE (OR CONVENIENCE OF RERERENCE ONLY AND SHALL NOT AFTECT
OR BE UTILIZED IN THE CONSTRUCTION OR INTERPRETATION OF THIS AGREEMENT

6,11  SEVERABILITIY.  ANY ARTICLE,  SECTION,  SUBSECTION OR OTHER SUBDIVISION OF
THIS AGREEMENT WHICH IS, OR BECOMES,  ILLEGAL, INVALID OR UNENFORCEABLE SHALL BE
SEVERAL FROM THIS AGREEMENT AND BE INEFFECTIVE TO THE EXTENT OR SUCH ILLEGALITY,
INVALIDITY  OR  UNENFORCEABILITY  AND SHALL NOT AFFECT OR IMPAIR  THE  REMAINING
PROVISIONS BEREAF ~R THEREOF.

6.12 ENTIRE  AGREEMENT.  THIS AGREEMENT  CONSLITUTA DIE ENTIRE AGREEMENT BETWEEN
THE PASTIES  PERTAINING TO THE SUBJECT  MATTER HEREOF AND  SUPERSEDES  ALL PRIOR
AGREEMENTS, UNDAAXIINGS,  NEGOTIATIONS AWL DISCUSSIONS, WHETHER ORAL OR WRITTEN,
OF THE PARTIE&  THERE ARE NO  REPRESENTATIONS,  WARRANTIES,  CONDITIONS OR OTHER
AGREEMENTS,  EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE,  BETWEEN THE PARTIES IN
CONNECTION WITH THE SUBJECT NIAUN OF THIS AGREEMENT,  EXCEPT AS SPECIFICALLY SET
FORTH HEREIN AND THEREIT

6.13 AMANEDMENT. THIS AGREEMENT MAY ONLY BE AMENDED, MODIFIED OR SUPPLEMENTED BY
A WRITTEN AGREEMENT SIGNAL BY ALL OF THE PARTIES TO SUCH AGREEMENT

6.14  WAIVER.  NA WAIVER OF ANY OF THE  PROVISIONS  OF THIS  AGREEMENT  SHALL BE
DEEMED TO CONSTITUTE A WAIVER OF ANY OTHER  PROVISION  (WHETHER OR NOT SIMILAR),
NOR SHALL SUCH WAIVER  CONSTIWIE A WAIVER OR CONTINUING  WAIVER UNLESS OTHERWISE
EXPRESSLY PROVIDED IN WRITING DULY EXECUTED BY THE PARTY TO BE BOUND THEREBY.

         IN WITNESS WHEREOF THIS AGREETNR~UT HAS BEEN EXECUTED BY THE PARTIES AS
OF THE DATE FIRST ABOVE WRITTEN.

The Vendors

SIGNED, SEALED AND DELIVERED IN ) SNET COMMUNICATIONS (UK) LIMITED
THE PRESTP4CE OF;

WITNESS:
ADDRESS:                                           Authorized Signatory

SIGNED, SEALED AND DELIVERED IN
THE PRESENCE OF:

WITNESS:
ADDRESS:                                           Ting Kan Nok

<PAGE>

SIGNED, SEALED AND DELIVERED IN THE
PRESENCE OF:

WITNESS:
ADDRESS:                                           Li Wei Man

The Purchaser

SIGNED, SEALED AND DELIVERED IN                   CATHAYONLINC TECHNOLOGIES
THE PRESENCE OF;                                  (KONG KONG) LIMITED

WITNESS:
ADDRESS:                                           Authorized SignatoryEXHIBIT 10.11
                           AGREEMENT WITH REGISTER.COM
Name of Customer
Co-Branded Services Agreement register.com, inc.
Date
2

                                               Customer Initials       _________

                                              register.com Initials    _________

Name of Customer Co-Branded Services Agreement register.com, inc.

Date

Customer Initials     __________

                                               register.com Initials  __________

<PAGE>

                       CO-BRANDED SITE SERVICES AGREEMENT

         This  Co-Branded  Site Services  Agreement  ("Agreement"),  dated as of
October 20, 1999, is made and entered into by and between register.com,  inc., a
Delaware  corporation  ("Register.com" or "register.com") with its office AT 575
8TH AVENUE,  11TH Floor,  New York,  NY 10018 and Cathay  Online,  Inc. with its
principal                   offices                  located                  at
______________________________________________________
_____________________________("Customer").

WHEREAS,  register.com is a registrar of generic Top-level Domain Names,("gTLDs)
 .com, .net and .org.  Register.com also registers various country code Top Level
Domains ("ccTLDs");

WHEREAS,  register.com  engages in the business of domain name  registration and
registrar services and certain other Internet and non-Internet services;

WHEREAS,  Customer  seeks to enhance its service  offerings with the capacity to
provide  its end  users  ("Customer  End  Users")  with  Top-level  Domain  Name
registration and other register.com services (the "Services");

WHEREAS,  register.com  and Customer  wish to make the  Services  available on a
co-branded Web site (the "Co-Branded Site");

WHEREAS,  Customer  wishes  to place  text  link(s),  button(s),  and  banner(s)
("Service  Access  Options") on Customer's web site to direct Customer End Users
to the Co-Branded Site where they can use the Services;

NOW THEREFORE, Register.com and Customer, in consideration of certain agreements
hereinafter set forth, mutually agree as follows:

1.       DEFINITIONS

1.1      "Home  Page"  shall  mean  the  primary   home  web  page   located  at
         http://______________ and/or domain name registration pages.

1.2      "HotLink"  shall mean text or graphics on a web page that when  clicked
         automatically call up another web page.

1.3      "Launch  Date"  shall  mean the date the  Co-Branded  Site is  publicly
         accessible via the Internet.

1.4      "Referred User" shall mean a Customer End User who uses the Services.

1.5      "Gross  Fee"  shall mean the price  paid by the  Referred  User for the
         Services,  which  prices  shall  be  set  at  the  sole  discretion  of
         register.com.

<PAGE>

1.6      "Net Fee" shall mean the Gross Fee, less any registry fees or fees paid
         to  regulatory  agencies,  including  but not  limited to the  Internet
         Corporation  for  Assigned  Names and  Numbers  ("ICANN"),  value added
         taxation  authorities and any other taxes,  credit card processing fees
         or additional fees, and a bad debt allowance of 5%.

2.       SCOPE OF SERVICES

2.1.     CREATION AND  MAINTENANCE OF THE CO-BRANDED  SITE.  Register.com  shall
         create,  host and maintain the  Co-Branded  Site. The Services shall be
         made  available on the  Co-Branded  Site.  The use and placement of the
         Customer's Marks (as hereinafter  defined) on the Co-Branded Site shall
         be subject to Customer's prior approval.

2.2.     SERVICES  PROVIDED  BY  REGISTER.COM.  The  Services  to be provided by
         register.com  under  this  Agreement,   and   register.com's   specific
         obligations  relating  thereto,  are set forth in Schedule 1.  Customer
         further acknowledges that certain Services provided by register.com are
         regulated by third parties,  including without limitation ICANN and the
         U.S. Department of Commerce.  Register.com reserves the right to modify
         the Services provided hereunder in order to comply with the third party
         obligations to which it is bound. All Services provided by register.com
         to Referred Users shall be subject to register.com's standard terms and
         conditions.  In the event that Customer  undertakes the registration of
         any of Customer End Users'  domain names using the  Services,  Customer
         agrees  that it shall  use its best  efforts  to  ensure  that all such
         Customer  End  Users  are bound by  register.com's  standard  terms and
         conditions.

2.3.     REFERRED USER SUPPORT.  Register.com  will provide customer support for
         Referred Users.  Customer shall be responsible for user support for any
         other service  offered by Customer,  and shall also be responsible  for
         user support in connection  with accessing the  Co-Branded  Site (e.g.,
         working   links,   transmission).   Customer   shall   not   make   any
         representations  regarding  the support to be provided by  register.com
         without register.com's prior written consent.

2.4.     INTEGRATION AND CUSTOMER SUPPORT. The Co-Branded Site will be linked to
         Customer's  web site through the Service  Access  Options.  The parties
         shall cooperate,  each at its own expense, in selecting the appropriate
         Service  Access  Options for  Customer's  web site,  and the  placement
         thereof,  to  enable  Customer  to make  the  Co-Branded  Site  and the
         Services  available  to the  Customer  End Users.  The  Service  Access
         Options  shall be available on  Customer's  web site within thirty days
         after   execution  of  this  Agreement.   Register.com   shall  provide
         reasonable support during the Term during normal business hours (9am to
         8pm EST) to Customer to handle  inquiries  from Customer  regarding the
         Co-Branded Site and the Services.

2.5.     COSTS.  Register.com  shall provide the Services,  including  hardware,
         software and network requirements,  at its own expense,  except for the
         fees and service costs charged to Customer  hereunder,  as set forth in
         Schedule  2.  Customer  shall  implement  the Service  Access  Options,
         including hardware,  software and network  requirements,  and coding of
         links and buttons, at its own expense.

2.6.     DNS SERVERS.  The Customer shall have the option, but will in no way be
         obligated,  to use register.com DNS servers for  registrations  made on
         the co-branded website.

2.7.     TECHNICAL  CONTACT:  The  customer  shall also have the option of being
         listed  as the  technical  contact  for  registrations  made  from  the
         co-branded webpage

2.8.     PROMOTION.  The parties  shall agree to a joint  marketing  campaign to
         promote the Services and the Service Access Options. Customer agrees to
         display  the  Register.com  Marks on the Home Page (or other  page,  as
         mutually  agreed by the parties) of Customer's Web site above the fold,
         which will be a HotLink or a direct link to the Co-Branded Site.

2.9.     TRANSFER.  Customer shall use best efforts to recommend to the Customer
         End Users to transfer their domain names to register.com as the primary
         and preferred  registrar.  Transfer of domain name procedures  shall be
         available from the  Co-Branded  Site.  Each domain name  transferred to
         register.com  shall  be  subject  to the  same  Commission  payment  to
         Customer  as  names  originally   registered  by  register.com  on  the
         Co-Branded Site.

3.       FEES AND PAYMENTS

3.1      FEES TO CUSTOMER. Register.com shall pay Customer the Commission as set
         forth in Schedule 2 of this Agreement.  Commission payments to Customer
         shall be made on a quarterly basis, in U.S. dollars, based on the prior
         quarter's actual revenue  received by register.com  from Referred Users
         within forty-five (45) of the end of the applicable quarter.

3.2      FEE TO REGISTER.COM.  Customer shall pay register.com the fee set forth
         in Schedule 2 of this Agreement.

4.       EXCLUSIVITY

4.1      EXCLUSIVITY.  During  the  Term  and  for  a  ninety  (90)  day  period
         thereafter, Customer shall not (a) use, offer, promote, develop, design
         or market any service competitive with the Services, or (b) display any
         other advertisements for or linked to domain name registration services
         on  Customer's  web  site(s).  Customer  agrees to notify  register.com
         within  seven  (7)  days of  applying  to  become  an  ICANN-accredited
         registrar.  Register.com reserves the right to terminate this agreement
         in such event.

5        USE OF MARKS AND OWNERSHIP

5.1      USE OF REGISTER.COM  LOGO.  Register.com  hereby grants to Customer and
         Customer  accepts  a  limited,  non-exclusive,  non-transferable  right
         during the Term to use, display, transmit, distribute and reproduce the
         register.com  graphical  logo  and  trademark(s)   (collectively,   the
         "Register.com  Marks"),  and content provided by register.com about the
         Services,  on  Customer's  Web site solely for the purpose of providing
         access to, and information about, the Co-Branded Site and the Services.
         All uses of the  Register.com  Marks  require  the  prior  approval  of
         register.com.   Register.com  will  provide  Customer  with  electronic
         versions of the  Register.com  Marks for Customer's use in implementing
         the Service  Access  Options and other  promotional  and  informational
         materials  about the Services.  All uses of the  Register.com  Marks by
         Customer will inure to the benefit of register.com

5.2      TRANSLATION.  Register.com  will allow the  Customer to  translate  the
         co-branded  website into French and shall  facilitate  these efforts by
         providing the Customer with the necessary, base html templates.

5.3      USE OF  CUSTOMER  LOGO.  Customer  hereby  grants to  register.com  and
         register.com accepts a limited,  non-exclusive,  non-transferable right
         during the Term to use, display, transmit, distribute and reproduce the
         Customer graphical logo and trademark(s)  (collectively,  the "Customer
         Marks") on the Co-Branded Site and on  register.com's  Web site for the
         purpose of  promoting  the  Co-Branded  Site.  All uses of the Customer
         Marks  require the prior  approval of Customer.  Customer  will provide
         register.com  with  electronic  versions  of  the  Customer  Marks  for
         register.com's use. All uses of the Customer Marks by register.com will
         inure to the benefit of Customer.

5.4      OWNERSHIP.  Customer  acknowledges  that, as between  register.com  and
         Customer,  register.com  owns all  right,  title  and  interest  in the
         Register.com  Marks, in all components of the  register.com Web site(s)
         and in all  components  of the  Co-Branded  Site,  other  than  content
         provided by Customer and the Customer Marks.  Register.com acknowledges
         that, as between  Customer and  register.com,  Customer owns all right,
         title and  interest in the Customer  Marks,  and in all  components  of
         Customer's  own Web site(s),  other than links or branding  provided by
         register.com,  including  content  provided  by  register.com  and  the
         Register.com Trademarks.

6.       CONFIDENTIALITY

6.1      NON-DISCLOSURE.  The parties agree and acknowledge that, as a result of
         negotiating,  entering into and performing this  Agreement,  each party
         has and will have access to certain of the other  party's  Confidential
         Information (as defined below).  Each party also understands and agrees
         that misuse  and/or  disclosure  of that  information  could  adversely
         affect the other party's business. Accordingly, the parties agree that,
         during  the Term of this  Agreement  and for a period of five (5) years
         thereafter,  each party shall (a) use and  reproduce  the other party's
         Confidential  Information  only for the purposes of this  Agreement and
         only to the extent necessary for such purpose;  (b) restrict disclosure
         of  the  other  party's  Confidential  Information  to  its  employees,
         consultants or independent  contractors with a need to know and (c) not
         disclose the other party's Confidential  Information to any third party
         without prior written approval of the other party.  Notwithstanding the
         foregoing,  it shall not be a breach of this Agreement for either party
         to disclose Confidential  Information of the third party if required to
         do so under law or in a judicial or other governmental investigation or
         proceeding,  provided  the other party has been given prior  notice and
         the  disclosing  party has  sought  all  available  safeguards  against
         widespread dissemination prior to such disclosure.

6.2      CONFIDENTIAL  INFORMATION DEFINED. As used in this Agreement,  the term
         "Confidential  Information"  refers to: (i) the terms and conditions of
         this  Agreement;  (ii) each party's  trade  secrets,  current or future
         business plans,  strategies,  opportunities,  methods and/or practices;
         and  (iii)  other  information  relating  to either  party  that is not
         generally  known to the  public,  including  information  about  either
         party's personnel,  customers, designs, protocols, know-how, processes,
         costs, prices,  finances and research and development.  Customer agrees
         the customer  data and Referred User data  collected and  aggregated by
         register.com  through the domain  name  registration  process,  and all
         register.com  processes and protocols  provided by  register.com  under
         this   Agreement  are   Confidential   Information   of   register.com.
         Notwithstanding  the  foregoing,  the term  "Confidential  Information"
         specifically  excludes (a) information that is now in the public domain
         or  subsequently  enters the public domain by  publication or otherwise
         through no action or fault of the other party;  (b) information that is
         known to either party  without  restriction,  prior to receipt from the
         other party under this Agreement,  from its own independent  sources as
         evidenced by such party's written records,  and which was not acquired,
         directly or  indirectly,  from the other party;  (c)  information  that
         either party  receives  from any third party  reasonably  known by such
         receiving party to have a legal right to transmit such information, and
         not under any obligation to keep such information confidential; and (d)
         information  independently  developed  by either  party's  employees or
         agents provided that either party can show that those same employees or
         agents  had  no  access  to  the  Confidential   Information   received
         hereunder.

7.       TERM AND TERMINATION

7.1      TERM. The term of this  Agreement  shall commence as of the Launch Date
         and shall continue for a period as set forth in Schedule 2.

7.2      TERMINATION.  Either party may  terminate  this  Agreement if the other
         party  materially  breaches its  obligations  hereunder and such breach
         remains  uncured for thirty (30) days  following  written notice of the
         breach given to the breaching party.

7.3      PERFORMANCE.   Register.com   reserves  the  right  to  terminate  this
         Agreement at any time in the event that, in  register.com's  reasonable
         judgment,  Customer does not adequately  support the Customer End Users
         or if the Referred  Users  submit  domain name  registrations  that are
         fraudulent or result in an excessively high non-payment rate.

7.4      EFFECT OF  TERMINATION.  In the event of  termination of this Agreement
         for any  reason,  all  terms of this  Agreement  which by their  nature
         extend beyond its termination such as, but not limited to, section 4.1,
         remain in effect until  fulfilled,  and apply to respective  successors
         and assigns.  Neither party shall be liable to the other for damages of
         any sort resulting solely from terminating this Agreement in accordance
         with its terms.

8.       FORCE MAJEURE

         In the event that either  party is  prevented  from  performing,  or is
         unable to perform,  any of its obligations  under this Agreement due to
         any cause  beyond  the  reasonable  control of the party  invoking  the
         provision,  the affected party's  performance  shall be excused and the
         time for  performance  shall be  extended  for the  period  of delay or
         inability to perform due to such occurrence.

9.       REPRESENTATION AND WARRANTIES

         Each  party  represents  that it has  the  right  to  enter  into  this
         Agreement and that its entry into this  Agreement  will not violate its
         obligations to any third party.

10.      LIMITATION OF LIABILITY

10.1     REGISTER.COM  SHALL NOT BE LIABLE FOR ANY  TRANSMISSION OR OTHER ERRORS
         BEYOND ITS CONTROL THAT PREVENT IT FROM PROVIDING THE SERVICES.

10.2     EXCEPT  AS  EXPRESSLY   WARRANTED  HEREIN,   NEITHER  PARTY  MAKES  ANY
         WARRANTIES,  EXPRESS OR IMPLIED,  WITH RESPECT TO ITS WEB SITE(S),  THE
         CONTINUATION OR SUCCESS THEREOF,  THE MATERIALS CONTAINED THEREIN,  THE
         SERVERS USED OR THE GOODS OR SERVICES  OFFERED BY EITHER PARTY AND EACH
         PARTY  EXPRESSLY  DISCLAIMS  ANY  WARRANTIES,   EXPRESS,   IMPLIED,  OR
         STATUTORY,  INCLUDING  BUT NOT LIMITED TO, THE  IMPLIED  WARRANTIES  OF
         MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

10.3     UNDER NO CIRCUMSTANCES  SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY
         FOR INDIRECT, INCIDENTAL,  CONSEQUENTIAL,  SPECIAL OR EXEMPLARY DAMAGES
         (EVEN IF SUCH DAMAGES ARE FORESEEABLE OR THAT PARTY HAS BEEN ADVISED OR
         HAS CONSTRUCTIVE KNOWLEDGE OF THE POSSIBILITY OF SUCH DAMAGES), ARISING
         FROM  SUCH  PARTY'S  PERFORMANCE  OR  NON-PERFORMANCE  PURSUANT  TO ANY
         PROVISION  OF THIS  AGREEMENT  OR THE  OPERATION  OF SUCH  PARTY'S SITE
         (INCLUDING SUCH DAMAGES  INCURRED BY THIRD  PARTIES),  SUCH AS, BUT NOT
         LIMITED TO, LOSS OF REVENUE OR ANTICIPATED PROFITS OR LOST BUSINESS. IN
         NO EVENT  SHALL  EITHER  PARTY BE LIABLE  FOR  DAMAGES IN EXCESS OF THE
         AMOUNT  RECEIVED  BY SUCH PARTY UNDER THIS  AGREEMENT.  NOTWITHSTANDING
         ANYTHING HEREIN TO THE CONTRARY,  HOWEVER, THIS SECTION SHALL NOT LIMIT
         EITHER  PARTY'S  LIABILITY  TO THE OTHER FOR (A) WILLFUL AND  MALICIOUS
         MISCONDUCT;  (B) DIRECT DAMAGES TO REAL OR TANGIBLE PERSONAL  PROPERTY;
         (C) BODILY INJURY OR DEATH CAUSED BY NEGLIGENCE OR (D)  INDEMNIFICATION
         OR CONFIDENTIALITY OBLIGATIONS HEREUNDER.

11.      INDEMNITY

11.1     INDEMNIFICATION BY REGISTER.COM. Register.com will, at its own expense,
         indemnify,  defend  and  hold  harmless  Customer,  and its  employees,
         representatives  and affiliates,  against any third party claim,  suit,
         action or other proceeding brought against Customer based on or arising
         from a claim that any register.com  intellectual  property infringes in
         any manner upon any  intellectual  property right of any third party or
         has  otherwise  resulted  in any  tort,  injury,  damage or harm to any
         person or entity.  Register.com will pay any and all costs, damages and
         expenses, including, but not limited to, reasonable attorneys' fees and
         costs awarded  against or otherwise  incurred by Customer in connection
         with or arising from any such claim,  suit,  action or proceeding.  The
         foregoing  indemnity  is  conditioned  upon  prompt  written  notice by
         Customer  to  register.com  of any  claim,  action or demand  for which
         indemnity is claimed;  complete  control of the defense and  settlement
         thereof by register.com; and such reasonable cooperation by Customer in
         the defense as register.com may request.

11.2     INDEMNIFICATION  BY  CUSTOMER.  Customer,  at  its  own  expense,  will
         indemnify,  defend and hold harmless  register.com,  and its employees,
         representatives  and affiliates,  against any third party claim,  suit,
         action or other  proceeding  brought against  register.com  based on or
         arising from a claim that  services  provided by Customer,  or that any
         content or software  produced or provided by  Customer,  or any content
         presented on any Internet  site  produced,  maintained  or published by
         Customer, infringes in any manner on any intellectual property right of
         any third party or has otherwise resulted in any tort,  injury,  damage
         or harm to any person or entity.  Customer,  at its own  expense,  will
         also  indemnify,  defend  and  hold  harmless  register.com,   and  its
         employees,   representatives  and  affiliates,  against  any  disputes,
         complaints,  acts,  errors or omissions caused by or as a result of any
         action of  Customer  End  Users.  Customer  will pay any and all costs,
         damages  and  expenses,  including,  but  not  limited  to,  reasonable
         attorneys'  fees and costs  awarded  against or  otherwise  incurred by
         register.com in connection with or arising from any claim, suit, action
         or  proceeding.  The foregoing  indemnity is conditioned  upon:  prompt
         written  notice by  register.com  to Customer  of any claim,  action or
         demand for which indemnity is claimed;  complete control of the defense
         and settlement thereof by Customer;  and such reasonable cooperation by
         register.com in the defense as Customer may request.

11.3     SETTLEMENT.  Neither party shall,  without prior written consent of the
         other party, settle, compromise or consent to the entry of any judgment
         with respect to any pending or threatened  claim unless the settlement,
         compromise   or  consent   provides   for  and   includes  an  express,
         unconditional release of all claims,  damages,  liabilities,  costs and
         expenses,  including  reasonable  legal fees and expenses,  against the
         indemnified party.

12.      NOTIFICATION

12.1     Any notice required to be given hereunder shall be given in writing and
         delivered personally, sent by certified mail, return receipt requested,
         or by Federal express or other recognized overnight delivery service to
         each of the  parties at their  respective  addresses  herein  above set
         forth or at such other addresses as any party may hereafter  notify the
         other of in such manner.  Any notices  sent by certified  mail shall be
         deemed given on the day such notice is received.

     To register.com:
     Register.com

     575 8TH AVENUE, 11TH Floor
     New York, NY 10018
     Attn: Richard Forman, CEO

     With a copy to: Terri Seligman, Esq., Loeb & Loeb LLP
              345 Park Avenue, New York, NY 10154

     To Customer:
     ===================
     -------------------
     Attn: _______________

<PAGE>

12.2     PRESS  RELEASES.  Customer and  register.com  may jointly prepare press
         release(s)  concerning  the  existence of this  Agreement and the terms
         hereof.  Otherwise,  no public  statements  concerning the existence of
         terms of this Agreement  shall be made or released to any medium except
         with prior approval of Customer and register.com or as required by law.
         Both parties will agree upon the content,  timing and  necessity of all
         such press releases.

13.      RELATIONSHIP OF THE PARTIES

         Except as a party may be  specifically  authorized  in  writing  by the
         other,  nothing  herein  contained  shall be construed as authorizing a
         party to bind the other in any way nor as constituting a party an agent
         or representative of the other.

14.      TAXES

         Each party shall be  responsible  for and pay its own sales taxes , use
         taxes and any other taxes  imposed by any  jurisdiction  as a result of
         (a)  entry  into  this  Agreement  (b)  the  performance  of any of the
         provisions  of this  Agreement  or (c) the  transfer  of any  property,
         rights or any other grant hereunder.

15.      GOVERNING LAW

         This Agreement  shall be governed by the laws of the State of New York,
         USA, and both Customer and  register.com  consent to  jurisdiction  and
         venue in any and all disputes  hereunder in the state or federal courts
         of the City of New York.

16.      ASSIGNMENT

         Neither  party  may  assign  this  Agreement,  or any  of  its  rights,
         interests  or  obligations  without the prior  written  approval of the
         other  party,  which  approval  shall  not  be  unreasonable  withheld,
         provided  however  that either party shall have the right to assign its
         rights and obligations  hereunder without consent of the other party to
         a party  which  acquires  the  assignor  by  merger  or sale,  or which
         acquires  all or  substantially  of the  assignor's  stock or assets or
         which  controls,  is controlled by, or is under the common control with
         the assignor.  All of the terms of this Agreement shall be binding upon
         and inure to the  benefit of the  parties  hereto and their  respective
         successors and assigns.

17.      ENTIRETY

         This  Agreement  shall not be effective  until signed by both  parties.
         This Agreement  constitutes  the entire  agreement  between the parties
         with respect to the Services and all other  subject  matter  hereof and
         supercedes  all  prior  communications.  This  Agreement  shall  not be
         modified except by written  agreement  dated  subsequent to the date of
         this  agreement  and signed on behalf of  register.com  and Customer by
         their respective duly authorized representatives.

<PAGE>

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

         register.com, inc.                                 ____________________

         By (Signature)                                       By (Signature)

         Name (Print)                                         Name (Print)

         Title                                                Title

         Date                                                 Date

<PAGE>

                            SCHEDULE 1 (THE SERVICES)

Complete domain name registration Services include but are not limited to:

a)       Checking for domain name availability
b)       Confirming Referred User intention to register
c)  Requiring  Referred  User to login to create or re-use  domain  registration
profile d) Billing of Referred  User via credit card e) Entering  Referred  User
domain name into appropriate registrar database

<PAGE>

              SCHEDULE 2 (TERM, FEES AND PERFORMANCE REQUIREMENTS)

TERM

The term of this  Agreement  shall  commence  as of the  Launch  Date and  shall
continue  for a period of three (3) years (the  "Term") or until  terminated  as
provided in Section 7. The Term shall be extended  for  additional,  consecutive
one (1) year  periods,  unless  either party gives the other  written  notice of
termination  at least  ninety  (90)  days  prior to the  expiration  of the then
current term.  Before entering into an agreement with any other person or entity
with  respect to the services  offered by  register.com,  Customer  shall permit
register.com to present a competitive offer.

FEES AND COMMISSION

COMMISSION PAYABLE TO CUSTOMER:

Register.com  will  pay  Customer  a  commission  based  upon  a  percentage  of
register.com's  Net Fees  received  from the  registration  of each  domain name
registered  through  the  Co-Branded  Site (the  "Commission").  The  Commission
payable to Customer is on a sliding scale based on monthly volume, as follows:

Generic TLDs (i.e., .com, .net, .org)

  Number of Monthly gTLD            Commission
       registrations              Percentage (%)

          0 - 500                      10 %
        501 - 1000                     12.5%
        1000 - 2500                     15%
          2500 +                        30%

ccTLDs: Country Code Top Level Domains (i.e., .md, .fm, .co.uk)

  Number of Monthly ccTLD           Commission
       registrations              Percentage (%)

         Unlimited                      10%

By way of  illustration,  if there are 3000 gTLD  registrations  and 1000  ccTLD
registrations on the Co-Branded Site in January, 2000, the Commission payable to
Customer for January shall be 20% of the Net Fees received by register.com  with
respect to such gTLD  registrations,  (.com, .net, .org) and 10% of the Net Fees
received by register.com from ccTLD registrations, (.md, .kz, .ac, etc).

FEE PAYABLE TO REGISTER.COM:

Customer  shall pay  register.com  a one time set up fee of $5,000 for providing
the  Co-Branded  Site.  This fee will be waived if this  Agreement  is  executed
before November 1, 1999

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