Document:

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                                                                    EXHIBIT 4.41

                           SHARE DISPOSITION AGREEMENT

THIS SHARE DISPOSITION AGREEMENT (this "Agreement") is entered into by and among
the following parties (the "Parties") in Beijing, People's Republic of China
("PRC") on January 28, 2006.

PARTY A:              ANJIAN XINGYE TECHNOLOGY (BEIJING) COMPANY LIMITED
Address:              Room C709, south road No. 18, west ring of Beijing Economy
                      & Technology  Development Area

Legal Representative:

PARTY B:              WANG GUIJUN
Address:              A17, An De Li North Street, Dongcheng District, Beijing

PARTY C:              LI YANG
Address:              No. 210 Building 397, Guang An Men Wai Avenue, Xuanwu
                      District Beijing
WHEREAS

1.   Party A is a wholly foreign-owned enterprise registered in the PRC.

2.   Beijing Xinrui Network Technology Company Limited ("Xinrui Network") is a
     limited liability company registered in the PRC and licensed by relevant
     government authorities to hold a Telecommunications Value-added Service
     Operation Permit, which qualifies it to engage in telecommunications
     value-added service.

3.   Party B and Party C are shareholders of Xinrui Network ("Authorizing
     Party") and own 51% and 49% equity interest in Xinrui Network.

1.   GRANT OF THE OPTION

1.1  Grant

     All parties of this Agreement agree that as this Agreement is executed,
     Party A has an exclusive option. Pursuant to the condition stipulated in
     this Agreement, Party A or its designated third

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     party is entitled to purchase the option owned by the Authorizing Party of
     all the shares in Xinrui Network at the lowest price permitted by PRC laws.
     Party A is granted the said option after the execution of this Agreement
     and the granted option is irrevocable during the term of this Agreement.

1.2  Term

     This Agreement shall take effect as of the date of execution by the parties
     hereto and shall remain in full force and effect until all of the equity
     interests held by the Shareholders of Xinrui Network in Xinrui Network have
     been purchased by Party A with the permission of PRC laws.

2.   EXERCISE OF THE OPTION AND ITS CLOSING

2.1  Timing of Exercise

     2.1.1 The Authorizing Party agree unanimously that with the permission of
          PRC laws and regulations, Party A may exercise part or full option
          anytime during the term of this Agreement.

     2.1.2 The Authorizing Party agree unanimously that there is no limitation
          on the times for Party A to exercise its option, unless Party A has
          purchased all of the equity interests in Xinrui Network.

     2.1.3 The Authorizing Party agree unanimously that Party A may designate in
          its sole discretion any third party to exercise the options on its
          behalf, in which case Party A shall provide a prior written notice to
          the Authorizing Party.

2.2  Presentation of the amount for the options

     The Authorizing Party agree unanimously that Party A will present all the
     amount by exercising the options by Party A to Xinrui Network free of
     charge.

2.3  Transfer

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     The Authorizing Party agree unanimously that the options of Party A under
     this Agreement may be transferred to a third party, which shall be deemed
     as a party to this Agreement and is entitled to exercise the options under
     terms of this Agreement, to enjoy the rights assume the obligations of
     Party A under this Agreement.

2.4  Notice Requirement

     To exercise an Option, Party A shall send an written notice to the
     Authorizing Party of such Option is to be exercised 10 days prior to each
     closing date (as defined below), specifying the following:

     2.4.1 The date of the effective closing of such purchase (a "Closing
          Date");

     2.4.2 the name of the person in which the Equity Interests shall be
          registered;

     2.4.3 the amount of Equity Interests to be purchased from such Authorizing
          Party;

     2.4.4 means of payment; and

     2.4.5 a power of attorney (applicable if a third party has been designated
          to exercise the Option)

     The Authorizing Party agree unanimously that Party A is entitled to
     exercise the Options and elect to register the Equity Interests in the name
     of a third party as it may designates from time to time.

2.5  Transfer the Purchased Shares

     When Party A exercises the option:

     (1)  Party B and Party C shall instruct Xinrui Network to hold shareholders
          meeting timely; a resolution of approving Party B and Party C to
          transfer their shares in Xinrui Network to Party A and/or designated
          third party shall be passed on the shareholders meeting;

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     (2)  Party B and Party C shall conclude with Party A (or designated third
          party of Party A in proper circumstances) a share transfer agreement,
          which is Exhibit 1 hereto simultaneously upon signing this Agreement;

     (3)  All relevant parties shall sign all the other contracts, agreement or
          documents. All the necessary permits and approvals from authorities
          shall be obtained. All actions shall be taken. Party B and Party C
          shall transfer the ownership of the purchased share to Party A and/or
          its designated third party without any mortgage to any third party,
          make Party A and/or its designated third party to be the registered
          owner of the purchased share, and provide updated business license,
          permit certificate and other relevant documents issued from Chinese
          authorities, which reflect the change of shareholder, directors and
          legal representative.

3.   REPRESENTATIONS AND WARRANTIES

3.1  The Authorizing Party hereby present and warrant as follows:

     3.1.1 They have the full power and authority to enter into and perform this
          Agreement;

     3.1.2 The fulfilling of the obligations hereunder does not violate any
          applicable laws, regulations and contracts, or require any government
          authorization or approval;

     3.1.3 There is no lawsuit, arbitration or other legal or administrative
          procedures pending which, based on its knowledge, will possibly have
          material and adverse affects on the performance of this Agreement;

     3.1.4 They have disclose to Party A all the documents issued from
          authorities, which may have material disadvantage influence on
          performance of this Agreement;

     3.1.5 They are not announced bankruptcy;

     3.1.6 There is no any pledge, debt or other third party right on the equity
          interests in Xinrui Network held by the Authorizing Party.

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     3.1.7 The Authorizing Party will not set pledge, debt or other third party
          rights on the equity interests in Xinrui Network and will not dispose
          the same to any third party by transferring, presenting, pledging or
          any other means;

     3.1.8 The options granted to Party A are exclusive, and the Authorizing
          Party shall not grant options or similar right to other parties in any
          ways.

     3.1.9 Xinrui Network's debt not exceeds [__] RMB on legal or financial
          respect.

     3.1.10 During the term of this Agreement, the business operated by Xinrui
          Network is compliance with laws, regulations and measures & other
          administrative regulations and guidelines issued by administrative
          authorities of People's Republic of China; moreover, there is no any
          violation of the aforesaid regulations, which will result in material
          disadvantage influence on company's business operation or assets;

     3.1.11 Xinrui Network has good financial and business standard and
          tradition, which keep its legal existence. Xiinrui Network's business
          and matters settlement is run by principle of prudence and efficiency;
          all Party A's license and permit, etc for operating businesss are kept
          by its utmost efforts; ensure the aforesaid license and permit will
          not be canceled;

     3.1.12 provide all the operation and financial materials of Xinrui Network
          on Party A's request;

     3.1.13 Xinrui Network shall not take the following actions when Party A (a
          designated qualified third party) exercises its option of purchasing
          all share or assets:

          (a)  sell, transfer, mortgage or by any other ways to dispose any
               assets, any legal or beneficial interests of business or income
               or allow to make any mortgage on the aforesaid rights and
               interests (excluding those occurred in normal or daily business
               or disclosed to Party A and obtained Party A's written consent).

          (b)  running business, which has material influence on its assets,
               responsibility, operation, shares and other legal rights
               (excluding those occurred in normal or

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               daily business or disclosed to Party A and obtained Party A's
               written consent);

          (c)  distribute any dividends or interests in any forms to
               shareholders by any ways;

          (d)  without Party A's prior written consent, shall not inherit,
               promise or admit any debt shall occur, but exclude (i) debt
               originated from normal or daily business operation not from loan;
               and (ii) those have been disclosed to Party A and obtained Party
               A's written consent;

          (e)  without Party A's prior written consent, shall not conclude any
               material contracts, excluding contracts concluded during normal
               business operation(a contract, whose value exceeds 100,000 RMB,
               shall be deemed as material contract);

          (f)  without Party A's prior written consent, shall not merger or
               combine with any third parity, or purchase or invest in any third
               party.

     3.1.14 The shareholders of Xinrui Network shall not take the following
          actions when Party A (a designated qualified third party) exercises
          its option of purchasing all share or assets separately or jointly:

          (a)  add, change or revise Xinrui Network's Article of Association;
               moreover, the said adding, change or revising will materially
               influence Xinrui Network's assets, responsibility, operation,
               shareholding or other legal rights (excluding increase investment
               according to requirements of law);

          (b)  make Xinrui Network into pursuing any business, which has
               material influence on Xinrui Network's assets, responsibility,
               operation, shares and any other legal rights (excluding those
               occurred in normal or daily business or disclosed to Party A and
               obtained Party A's written consent);

          (c)  make Xinrui Network into pass any resolution of distribution of
               any dividends or interests in any forms to shareholders by any
               ways;

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          (d)  without Party A's prior written consent, sell, transfer, mortgage
               or by any other ways to dispose any assets, any legal or
               beneficial interests of business or income or allow to make any
               mortgage on the aforesaid rights and interests anytime after
               execution of this Agreement;

          (e)  make Xinrui Network's shareholders' meeting to approval Xinrui
               Network to sell, transfer, mortgage or by any other ways to
               dispose any assets, any legal or beneficial interests of business
               or income or allow to make any mortgage on the rights and
               interests of Xinrui Network's shares without Party A's prior
               written consent;

          (f)  make Xinrui Network's shareholders' meeting to approval merger or
               combination with any third party, purchasing or investment in any
               third party without Party A's prior written consent;

          (g)  inform Party A timely of all litigation, arbitration or
               administrative procedures related with its share in Xinrui
               Network, which occurred or possibly occur;

          (h)  make shareholders' meeting of Xinrui Network to pass a resolution
               of transferring the purchased share stipulated hereof; whereas,
               shall make Xinrui Network to modify its Article of Association,
               which shall be stipulated that registration change procedures at
               relevant Chinese authorities shall commence as soon as Party B
               and/or Party C transfer its shares to Party A or Party A's
               designated third party, or any change matters stipulated in this
               Agreement occurs; each shareholders of Xinrui Network shall make
               Xinrui Network to pass a resolution that appoint Party A or Party
               A's designated third party to be the new director and new legal
               representative;

          (i)  sign all necessary or proper documents for containing ownership
               of its shares; take all necessary of proper actions and bring all
               necessary or proper complaint or make all necessary or proper
               defense to compensation complaint;

          (j)  transfer its shares to any designated party at anytime without
               any condition upon Party A's request and waive its preferential
               purchase right to the shares

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               transferred by other shareholder;

          (k)  strictly abide by this Agreement and all stipulation in other
               contracts concluded by and among Party B, Party C and Party A
               jointly or separately; perform all obligations under the
               aforesaid contracts; to do or not to do any actions, which shall
               affect validity and performance of the aforesaid contracts.

3.2  Undertaking

     Authorizing Party hereby undertakes to Party A that it will bear all costs
     arising from executing each Assignment, process all formalities needed for
     Party A or its designated third party to be the shareholders of Xinrui
     Network. Formalities include, but are not limited to, assisting Party A
     with the obtaining of necessary approvals of the equity transfer from
     relevant government authorities (if any), the submission of the Assignment
     to the relevant administrative department of industry and commerce for the
     purpose of amending the Articles of Association, changing the list of
     shareholders and undertaking any other changes.

3.3  Party B and Party C hereby make the following representations and
     warranties to Party A jointly and separately on the execution date and each
     transferring date:

     (1)  it has fully rights and capability to enter into and deliver this
          Agreement, to sign any share transfer agreement(referred as share
          transfer agreement respectively), which Party B or Party C as one
          party according to this Agreement to transfer purchased share, and
          perform all obligation under this Agreement and any share transfer
          agreement. After the execution of this Agreement and any share
          transfer agreement with Party B or Party C as one party, this
          Agreement and share transfer agreement shall have legal and valid
          bonding to Party B and Party C and can be performed by force.

     (2)  Any execution and turnover of this Agreement, any share transfer
          agreement or obligation under this Agreement or any share transfer
          agreement will not result in: (i) violation of any Chinese laws; (ii)
          not in compliance with Article of Association or other organization
          documents; (iii) violation any contract, which it is one party or has
          any bonding effect on it; or breaching any the aforesaid contract;
          (iv) violation any permit or approval of pursuing its business; or (v)
          ceasing or cancel of any permit or approval or

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          any additional condition;

     (3)  Party B and Party C have the ownership of the assets and they do not
          make any mortgage on the aforesaid assets;

     (4)  Xinrui Network do not have any debt, that shall be paid, excluding (i)
          debts occurred in normal business operation, and (ii) debts already
          disclosed to Party A and obtained Party A's written consent;

     (5)  Xinrui Network abide by all laws and regulations in respect of assets
          acquisition;

     (6)  There is no litigation, arbitration or administrative procedures in
          progress or which is pending or possibly occur in future in respect of
          share, Party B's assets and company.

4.   TAXES

     All taxes arising from the performance of this Agreement will be paid by
     each party respectively.

5.   BREACH OF AGREEMENT

     If either party to this Agreement breaches any representations, warranties,
     promises and obligation under this Agreement, the defaulting party shall
     compensate all the actual losses the abiding party suffered.

6.   GOVERNING LAW AND DISPUTE SETTLEMENT

6.1  Governing Laws

     This Agreement shall be governed by the laws of the PRC, including but not
     limited to the execution, performance, effect and interpretation of this
     Agreement.

6.2  Friendly Consultation

     The Parties shall settle the dispute regarding the interpretation or
     performance of this

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     Agreement through friendly consultation or mediation by a third party. Any
     dispute that failing such consultation or mediation shall be submitted to
     the arbitration authority for arbitration within 30 days after the
     commencement of such discussions.

6.3  Arbitration

     Any dispute in connection with this Agreement shall submit to China
     International Trade Arbitration Committee (Beijing) for arbitration in
     accordance with its arbitration rules. The arbitration award shall be final
     and binding on all Parties to this Agreement.

7.   CONFIDENTIALITY

7.1  Confidential Information

     The contents of this Agreement and the Annexes hereof shall be kept
     confidential. No Party shall disclose any such information to any third
     party (except for the part agreed upon by the Parties with a prior written
     agreement). Each Party's obligations under this clause shall survive after
     the termination of this Agreement.

7.2  Exceptions

     If a disclosure is explicitly required by law, any courts, arbitration
     tribunals, or administrative authorities, such a disclosure by any Party
     shall not be deemed a violation of Article 7.1 above.

8.   MISCELLANEOUS

8.1  Entire agreement

     This Agreement constitutes the entire agreement and understanding among the
     Parties in respect of the subject matter hereof and supersedes all prior
     discussions, negotiations and agreements among them. This Agreement shall
     only be amended by a written instrument signed by all the Parties. The
     Annexes attached hereto shall constitute an integral part of this Agreement
     and shall have the same legal effect as this Agreement.

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8.2  Notices

     8.2.1 Any notices or other correspondences among the Parties in connection
          with the Performance of this Agreement shall be in writing and be
          delivered in person, by registered mail, prepaid mail, recognized
          express mail or facsimile to the following correspondence addresses:

     PARTY A:   AN JIAN XING YE TECHNOLOGY (BEIJING) COMPANY LIMITED
     Address:   Room C709, south road No. 18, west ring of Beijing Economy
                & Technology  Development Area
     Fax:       __________________________
     Tele:      __________________________
     Addressee: He Zhicheng

     PARTY B:   WANG GUIJUN
     Address:   A17, An De Li North Street, Dongcheng District, Beijing
     Fax:       __________________________
     Tele:      __________________________
     Addressee: __________________________

     PARTY C:   LI YANG
     Address:   No. 210 Building 397, Guang An Men Wai Avenue, Xuanwu
                District Beijing
     Fax:       __________________________
     Tele:      __________________________

     8.2.2 Notices and correspondences shall be deemed to have been effectively
          delivered:

          8.2.2.1 at the exact time displayed in the corresponding transmission
               record, if delivered by facsimile, unless such facsimile is sent
               after 5:00 pm or on a non-business day in the place where it is
               received, in which case the date of receipt shall be deemed to be
               the following business day;

          8.2.2.2 on the date that the receiving Party signs for the document,
               if delivered in person (including express mail);

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          8.2.2.3 on the fifteenth (15th) day after the date shown on the
               registered mail receipt, if sent by registered mail;

     8.2.3 Binding Force

          This Agreement shall be binding on the Parties.

8.3  Language and Counterparts

     This Agreement shall be executed in 3 originals in Chinese, with each party
     holding one copy.

8.4  Days and Business Day

     A reference to a day herein is to a calendar day. A reference to a business
     day herein is to any day from Monday through Friday in a week.

8.5  Headings

     The headings contained herein are inserted for reference purposes only and
     shall not affect the meaning or interpretation of any part of this
     Agreement.

8.6  The obligation, promises and responsibilities of each shareholder of Xinrui
     Network under this Agreement shall be deemed as separately or jointly; each
     shareholder shall take joint and several liability. To Party A, the breach
     made by either shareholder of Xinrui Network shall be automatically deemed
     as other shareholders breaching.

8.7  Unspecified Matters

     Any matter not specified in this Agreement shall be handled through
     discussions among the Parties and resolved in accordance with PRC laws.

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(No text on this page, signatory page)

PARTY A: AN JIAN XING YE TECHNOLOGY (BEIJING) COMPANY LIMITED

Authorized Representative:
                           ----------------------------------

PARTY B: WANG GUIJUN

Signature:
           -----------------------------------

PARTY C: LI YANG

Signature:
           -----------------------------------

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Exhibit 1. Share Transfer Agreement

[Summary of Chinese-language exhibit]

                            SHARE TRANSFER AGREEMENT

Form of a Share Transfer Agreement among Sharp Edge Group Limited, Wang Guijun,
Li Yang and Xinrui Network Technology Company Limited pursuant to which Wang
Guijun and Li Yang agree to transfer all their shares in Xinrui Network
Technology Company Limited to Sharp Edge Group Limited at such time that Sharp
Edge Group Limited exercises its option to purchase such shares under the Share
Disposition Agreement.<PAGE>
                                                                    EXHIBIT 4.42

                             SHARE PLEDGE AGREEMENT

This Share Pledge Agreement (this "Agreement") is entered into on January 26,
2006 in Beijing by and among the following parties:

Party A:              ANJIAN XINGYE TECHNOLOGY (BEIJING) COMPANY LIMITED
Address:              Room C709, south road No. 18, west ring of Beijing Economy
                      & Technology Development Area

Legal Representative:

Xinrui Network:       WANG GUIJUN
Address:              A17, An De Li North Street, Dongcheng District, Beijing

Party C:              LI YANG
Address:              No. 210 Building 397, Guang An Men Wai Avenue, Xuanwu
                      District Beijing

WHEREAS,

1.   Party A is a wholly foreign owned company registered in the PRC.

2.   Beijing Xinrui Network Technology Company Limited ("Xinrui Network")is a
     limited company registered in China and licensed by relevant government
     authorities to hold a Telecommunications Value-added Service Operation
     Permit, which qualifies it to engage in telecommunications value-added
     service.

3.   Party A and Party B signed Exclusive Technical Consultation and Service
     Agreement on January 28, 2006; Party A, Party B, Party C and Xinrui Network
     have signed Share Disposal Agreement and Business Operation Agreement on
     January 28, 2006.

4.   Party B and Party C (the "Pledgor") are the shareholders of Xinrui Network
     and own 51% and 49% equity interest in Xinrui Network respectively.

5.   In order to guarantee that Party A collects normally technical service fees
     from Xinrui Network,

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     which is owned by Party B and Party C, under the Exclusive Technical
     Consulting and Services Agreement, and to ensure the performance of the
     Share Disposal Agreement and Business Operation Agreement, the Pledgors are
     willing to severally and jointly pledge all their equity interest in Xinrui
     Network to the Pledgee as a security for the performance of the obligations
     under the aforesaid agreements, with Party A as the Pledgee.

Therefore, through friendly negotiations and in the principles of equality and
mutual benefit, the parties hereby enter agreement as follows.

1.   DEFINITIONS

Unless otherwise provided in this Agreement, the following terms shall have the
following meanings:

1.1  Pledge means the full content of Article 2 hereunder.

1.2  Equity Interest means 100% equity interests in Xinrui Network legally and
     jointly held by the Pledgors and all the present and future rights and
     benefits based on such equity interest.

1.3  Reorganization Agreements mean Exclusive Technical Consultation and Service
     Agreement, Share Disposition Agreement and Business Operation Agreement as
     mentioned in point 3 under whereas of this Agreement.

1.4  Event of Default means any event in accordance with Article 7 hereunder.

1.5  Notice of Default means the notice of default issued by the Pledgee in
     accordance with this Agreement.

2.   PLEDGE

2.1  The Pledgors agree to pledge all the equity interest in Xinrui Network to
     Party A as the security for Party A's rights and interest under the
     reorganization agreements.

2.2  The Pledge under this Agreement refers to the rights owned by the Pledgee
     to collect the fees (including legal fees), expenses and losses that Xinrui
     Network shall pay under the Technical

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     Consulting and Service Agreement, and civil liabilities that Xinrui Network
     or Pledgors shall bear in case the Reorganization Agreement wholly or
     partially becomes nullify due to any reason.

2.3  The Pledge under this Agreement refers to the prior right owned by the
     Pledgee to the money gained from the conversion, auction, or sell of the
     equity interests pledged by the Pledgor to the Pledgee.

2.4  Unless consented to in writing by Xinrui Network after the execution of
     this Agreement, the pledge under this Agreement will be discharged only
     when Xinrui Network and Pledgors have performed all the obligations and
     liabilities under the Reorganization Agreements and Party A confirms in
     writing. If Xinrui Network or Pledgors have not fully performed all or part
     of its obligations or liabilities under the Reorganization Agreements at
     the expiration of such agreements, Party A will maintain the pledge
     hereunder up to the date when all such obligations and liabilities are
     fully performed.

3.   EFFECT

3.1  This Agreement shall take effect as of the date when the Agreement is
     executed by Party A, Party B and Party C.

3.2  Party A is entitled to dispose the pledge hereunder if Xinrui Network fails
     to pay the fees in accordance with the Technical Consulting and Service
     Agreement or fail to perform the Business Operation Agreement and the Share
     Disposal Agreement.

4.   PHYSICAL POSSESSION OF DOCUMENTS

4.1  During the term of Pledge under this Agreement, the Pledgor shall deliver
     the physical possession of the Certificate of Distribution (original) of
     Xinrui Network, provide the testification of the proper record of such
     pledge on the shareholders' register of Xinrui Network to Party A within 7
     working days as of the date of conclusion of this Agreement and pass
     through all procedures required by Chinese laws.

4.2  Party B and Party C shall make corresponding change to the record of
     pledge, provided the change is required to be recorded according to law;
     and such change shall be made within 15

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     days from occurrence of the change.

4.3  During the share pledge term, the Pledgor shall instruct Xinrui Network not
     to distribute any dividends and profits or make any profit distribution
     plan; in case Pledgor shall receive any monetary interests other than from
     dividends, profits and profit distribution plan, Pledgor shall, on Party
     A's request, instruct Xinrui Network to remit such kind of payment to the
     bank account appointed by Party A; Pledgor shall not use the aforesaid
     interest without Party A's prior written consent.

4.4  During the share pledge term, in case Pledgor receive new shares according
     to Xinrui Network's plan of free delivering shares to shareholder, the new
     increased shares shall be automatically turned into pledged shares under
     this Agreement; the Pledgor shall complete all pledge procedures of the new
     increased shares within 10 working days from receipt of the new shares.
     Party A is entitled to exercise the right of the pledge pursuant Article 8
     hereto in case the Pledgor fails to complete the aforesaid procedures.

4.5  If Pledgor is Party A's employee, during the pledge term, the Pledgor
     hereby agrees and promises that whenever either of the Pledgor ceases
     employment with Party A, it shall transfer all its shares in Xinrui Network
     to Party A's designated third party. The third party, which receives the
     transferred shares, shall take all the obligations and enjoy all the rights
     under relevant reorganization agreements. The aforesaid guaranty is
     irrevocable in the term of this Agreement.

5.   WARRANTIES AND REPRESENTATION OF THE PLEDGOR

     The  Pledgors hereby make the following representation and warranties to
     the Pledgee and confirm that Party A executes this Agreement in reliance of
     such representation and warranties:

5.1  The Pledgors lawfully own the equity interests hereunder and are entitled
     to create pledge on such the equity interests;

5.2  Party A shall not be interfered by any other parties once the board of
     directors of Party A exercises the rights of the Pledge in accordance with
     this Agreement.

5.3  Party A is entitled to dispose the pledge in accordance with relevant laws
     and this Agreement.

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5.4  The execution and performance of this Agreement of the Pledgor has gained
     all necessary authorization and shall not violate any applicable laws and
     regulations. The representative who signs this Agreement shall be lawfully
     and effectively authorized.

5.5  Except for the pledge under this Agreement, there is no other burden of
     rights on the equity interests pledged by the Pledgors (including but not
     limited to pledge).

5.6  There is no pending or incoming civil, administrative or criminal
     litigation or administrative punishment or arbitration relating to the
     equity interests hereunder at the date of execution of this Agreement.

5.7  There are no outstanding taxes, fees or undecided legal procedures related
     with the equity interests hereunder at the date of execution of this
     Agreement.

5.8  Each provision hereunder is the expression of each Party's true meaning and
     shall be binding upon all the Parties.

6.   COVENANT OF THE PLEDGOR

6.1  During the term of this Agreement, the Pledgor covenants to Party A that
     the Pledgor will:

     6.1.1 not transfer or assign the equity interests, create or permit to
          create any pledges which may have an adverse effect on the rights or
          benefits of the Pledgee without prior written consent from the Pledgee
          except transfer to the Pledgee or the person designated by the Pledgee
          as required by the Pledgee;

     6.1.2 comply with and implement laws and regulations with respect to the
          pledge of rights, present to Party A the notices, orders or
          suggestions with respect to the Pledge issued or made by the competent
          authority within five days upon receiving such notices, orders or
          suggestions and take actions in accordance with the reasonable
          instruction of Party A;

     6.1.3 timely notify Party A of any events or any received notices which may
          affect the

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          Pledgor's equity interest or any part of its right, and any events or
          any received notices which may change the Pledgor's any covenant and
          obligation under this Agreement or which may affect the Pledgor's
          performance of its obligations under this Agreement, take actions in
          accordance with the instructions of Party A;

6.2  The Pledgors agree that Party A's right of exercising the Pledge pursuant
     to this Agreement shall not be suspended or hampered by the Pledgors or any
     successors or transferees of the Pledgors or any other persons.

6.3  The Pledgors warrant to Party A that in order to protect or perfect the
     security over the payment of the technical consulting and service fees
     under the Technical Consulting and Service Agreement, the Pledgors shall
     execute in good faith and cause other parties who have interests in the
     pledge to execute all the title certificates, contracts, and /or perform
     and cause other parties who have interests to take action as required by
     the Pledgee and make access to exercise the rights and authorization vested
     in the Pledgee under this Agreement, and execute all the documents with
     respect to the changes of certificate of equity interests with the Pledgee
     or another party designated by the Pledgee, and provides the Pledgee with
     all the documents regarded as necessary to the Pledgee within the
     reasonable time.

6.4  The Pledgors warrants to Party A that the Pledgors will comply with and
     perform all the guarantees, covenants, agreements, representations and
     conditions for the benefits of the Pledgee. The Pledgor shall compensate
     for all the losses suffered by Party A for the reasons that the Pledgor
     does not perform or fully perform their guarantees, covenants, agreements,
     representations and conditions.

7.   EVENT OF DEFAULT

7.1  The following events shall be regarded as an event of default:

     7.1.1 Xinrui Network or its successors or transferees fail to make full
          payment of service fees under the Service Agreement on time, or the
          Pledgors or its successors or transferees fail to perform the Business
          Operation Agreement, Assets Transfer Agreement and the Share Disposal
          Agreement;

     7.1.2 The Pledgors make any material misleading or fraudulent
          representations or

                                       6

<PAGE>

          warranties under Article 5 and 6 herein, and/or the Pledgor is in
          violation of any representations or warranties under Article 5 and 6
          herein;

     7.1.3 The Pledgors gravely violate any provisions of this Agreement;

     7.1.4 The Pledgors waive the pledged equity interests or transfers the
          pledged equity interests without prior written consent from the
          Pledgee except otherwise agreed under Article 6.1.1 herein;

     7.1.5 The Pledgor's any external loan, security, compensation, covenants or
          any other compensation liabilities (1) are required to be repaid or
          performed prior to the scheduled date; or (2) are due but can not be
          repaid or performed as scheduled and thereby cause the Pledgee to deem
          that the Pledgor's capacity to perform the obligations herein is
          affected;

     7.1.6 The Pledgors are incapable of repaying the general debt or other
          debt, which subsequently affects the interests of Party A;

     7.1.7 This Agreement is illegal for the reason of the promulgation of any
          related laws or the Pledgor's incapability of continuing to perform
          the obligations herein;

     7.1.8 Any approval, permits, licenses or authorization from the competent
          authority of the government needed to perform this Agreement or
          validate this Agreement are withdrawn, suspended, invalidated or
          materially amended;

     7.1.9 The property of the Pledgor is adversely changed and causes Party A
          to deem that the capability of the Pledgor to perform the obligations
          herein is affected;

     7.1.10 Other circumstances whereby the Pledgee is incapable of exercising
          the right to dispose the Pledge in accordance with relevant laws.

7.2  The Pledgor shall immediately give a written notice to Party A if the
     Pledgor is aware of or find that any event under Article 7.1 herein or any
     events that may result in the foregoing events have happened or are going
     on.

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7.3  Unless the event of default under Article 7.1 herein has been solved to
     Party A's satisfaction, Party A, at any time when the event of default
     happens or thereafter, may give a written notice of default to the Pledgor
     and require the Pledgor to immediately make full payment of the outstanding
     fees under the Service Agreement, and other payables or timely perform the
     Share Disposal Agreement, Business Operation Agreement and Assets Transfer
     Agreement, or dispose the Pledge in accordance with Article 8 herein.

8.   EXERCISE OF THE RIGHT OF THE PLEDGE

8.1  The Pledgor shall not transfer the pledge without prior written approval
     from Party A prior to the full repayment of the fees under the Service
     Agreement and the full performance of the Share Disposal Agreement,
     Business Operation Agreement and the Assets Transfer Agreement.

8.2  Party A shall give a notice of default to the Pledgors when it exercises
     the right of pledge.

8.3  Subject to Article 7.3, the Pledgee may exercise the right to dispose the
     Pledge at any time when Party A gives a notice of default in accordance
     with Article 7.3 or thereafter.

8.4  Party A is entitled to have priority in receiving payment by the evaluation
     or proceeds from the auction or sale of whole or part of the share pledged
     herein in accordance with legal procedure until the outstanding fees under
     the Servicing Agreement and all other payables there under are repaid, and
     the full performance of the Share Disposal Agreement, Business Operation
     Agreement and the Assets Transfer Agreement.

8.5  The Pledgors shall not hinder the Pledgee from disposing the Pledge in
     accordance with this Agreement and shall give necessary assistance so that
     the Pledgee could realize his Pledge.

9.   TRANSFER

9.1  The Pledgors shall not transfer the rights and obligations to any third
     party herein without prior consent from the Pledgee.

9.2  This Agreement shall be binding upon the Pledgors and their successors and
     be effective to Party A and his successors and assignees.

                                       8

<PAGE>

9.3  Party A may transfer his all or any rights and obligations under the
     Reorganization Agreement to any third party at any time. In this case, the
     assignee shall enjoy and undertake the same rights and obligations herein
     of Party A as if the assignee is a party hereto. When Party A transfers the
     rights and obligations under the Reorganization Agreement, at the request
     of Party A, the Pledgors shall execute relevant agreements and/or documents
     with respect to such transfer.

9.4  After the Pledgee's change resulting from the transfer, the new parties to
     the pledge shall reexecute a pledge agreement.

10.  FEES AND OTHER CHARGES

10.1 Party A and Party B shall be responsible for half of all the fees and
     actual expenditures in relation to this Agreement including but not limited
     to legal fees, cost of production, stamp tax and any other taxes and
     charges.

11.  FORCE MAJEURE

11.1 If this Agreement is delayed in or prevented from performing in the Event
     of Force Majeure ("Event of Force Majeure"), only within the limitation of
     such delay or prevention, the affected party is absolved from any liability
     under this Agreement. Force Majeure, which includes acts of governments,
     acts of nature, fire, explosion, geographic change, flood, earthquake,
     tide, lightning, war, means any unforeseen events beyond the prevented
     party's reasonable control and cannot be prevented with reasonable care.
     However, any shortage of credit, capital or finance shall not be regarded
     as an event beyond a Party's reasonable control. The Party affected by
     Force Majeure who claims for exemption from performing any obligations
     under this Agreement or under any Article herein shall notify the other
     party of such exemption promptly and advice him of the steps to be taken
     for completion of the performance.

11.2 The Pledge affected by Force Majeure shall not assume any liability under
     this Agreement. However, subject to the Party affected by Force Majeure
     having taken its reasonable and practicable efforts to perform this
     Agreement, the Party claiming for exemption of the liabilities may only be
     exempted from performing such liability as within limitation of the part
     performance delayed or prevented by Force Majeure. Once causes for such
     exemption of liabilities are rectified and remedied, both parties agree to
     resume performance of this Agreement with their

                                       9
<PAGE>

     best efforts.

12.  APPLICABLE LAW AND DISPUTE RESOLUTION

12.1 The execution, validity, performance and interpretation of this Agreement
     shall be governed by and construed in accordance with the PRC law.

12.2 The parties shall strive to settle any dispute arising from the
     interpretation or performance through friendly consultation. In case no
     settlement can be reached through consultation, each party can submit such
     matter to China International Economic and Trade Arbitration Commission
     ("CIETAC") for arbitration. The arbitration shall follow the current rules
     of CIETAC, and the arbitration proceedings shall be conducted in Chinese
     and shall take place in Beijing. The arbitration award shall be final and
     binding upon the parties.

12.3 Each Party shall continue performance of this Agreement in good faith
     according to the stipulations herein except the matters in dispute.

13.  NOTICE

     Any notice or correspondence, which is given by the Party as stipulated
     hereunder, shall be in Chinese and English writing and shall be delivered
     in person or by registered or prepaid mail or recognized express service,
     or be transmitted by telex or facsimile to the following addresses:

     PARTY A: ANJIAN XINGYE TECHNOLOGY (BEIJING) COMPANY LIMITED

     Address: Room C709, south road No. 18, west ring of Beijing Economy &
              Technology Development Area

     Fax: ___________________
     Tele: __________________
     Addressee: __________________________________________

     PARTY B: WANG GUIJUN

     Address: A17, An De Li North Street, Dongcheng District, Beijing
     Fax: ___________________
     Tele: __________________

                                       10

<PAGE>

     Addressee: ___________________________________________

     PARTY C: LI YANG
     Address: No. 210 Building 397, Guang An Men Wai Avenue, Xuanwu
     District Beijing

     Fax: ____________________
     Tele: ____________________
     Addressee: ____________________________________________

14.  APPENDICES

     The appendices to this Agreement are entire and integral part of this
     Agreement.

15.  WAIVER

     The Pledgee's non-exercise or delay in exercise of any rights, remedies,
     power or privileges hereunder shall not be deemed as the waiver of such
     rights, remedies, power or privileges. Any single or partial exercise of
     the rights, remedies, power and privileges shall not exclude the Pledgee
     from exercising any other rights, remedies, power and privileges. The
     rights, remedies, power and privileges hereunder are accumulative and shall
     not exclude the application of any other rights, remedies, power and
     privileges stipulated by laws.

16.  MISCELLANEOUS

16.1 Any amendments, modifications or supplements to this Agreement shall be in
     writing and come into effect upon being executed and sealed by the parties
     hereto.

16.2 In case any terms and stipulations in this Agreement is regarded as illegal
     or can not be performed in accordance with the applicable law, such terms
     and stipulations shall be deemed to lose effect and enforcement within the
     scope governed by the applicable law, and the rest stipulations will remain
     effective.

16.3 This Agreement is made in Chinese original and shall be kept in 3 copies.

                                       11

<PAGE>

(No text on this page, signatory page)

PARTY A: ANJIAN XINGYE TECHNOLOGY (BEIJING) COMPANY LIMITED

Authorized Representative: _________________

PARTY B: WANG GUIJUN

Signature:
           ------------------------

PARTY C: LI YANG

Signature:
           ------------------------

                                       12

<PAGE>

                                     Exhibit

1.   Shareholders Name List of Xinrui Network Technology Co. Ltd.

2.   Investment Certificate of Establishing Xinrui Network Technology Co. Ltd.

                                       13

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