Document:

TEMPORARY OFFICE LEASE CONTRACT

PARTY A: Shanghai Zhongchi Investment Management Co., Ltd. (Leasor)

PARTY B: Shanghai Chaofan Investment Management Consultation Co., Ltd (Leasee)

The Lease Contract has been mutual agreed and set up by Party A and Party B:

I     Temporary Office add: Room 706 No. 9 Alley 300, East of Nandan Rd.

II    Usable area: 69.55m2, Total Area 96.59m2.

III   Period: From the date 06/01/2004 to 06/30/2004.

IV    Price RMB 10,283 per month rent; Management price: RMB 881 per month.

V     Payment Method: Deposit one-month rent expense and management fee.
                      Pay one month rent expense and management fee.

VI    No structural alterations can be removed from the premises, upon
      expiration or termination of this contract. No reimbursement for said
      additions, and any structural damage to the premises must be repaired or
      compensated by the leasee.

VII   Party B should pay in time the water, electricity fee.

VIII  Party B shall return the property intact to Party A at the expiration of
      the contract.

At the date of signing the contract, Party B deposit RMB 11,164 of one month
rent expense and management fee, and pay RMB 11,164 of one month rent and
expense and management fee on 2nd June, 2004.

PARTY A: Shanghai Zhongchi              PARTY B: Shanghai Chaofan Investment
Investment Management Co., Ltd          Management Consultation Co., Ltd

Representative Signature:               Representative Signature:

Address:                                Address:

Date: 31, May 2004                      Date: 31, May 2004

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                                 LEASE CONTRACT

PARTY A (LEASOR): Shanghai Mingyuan Hotel and Restaurant Management Co., Ltd.
Add: 3rd Floor No. 9 Alley 300, East of Nandan Rd Xuhui District, Shanghai
Representative: Qilin Fang
No. of Business License: 3101042002577

PARTY B (LEASEE): Shanghai Bofeng Internet Technology Co., Ltd
Add:
Representative
No. of Business License:

PARTY C (LEASOR AGENT): Shanghai Zhongchi Investment Management Co., Ltd.
Add: 12th Floor No. 9 Alley 300, East of Nandan Road Xuhui District, Shanghai
Representative: Yukun Li
No. of Business License: 3102262036735

This Lease Contract has been mutual agreed and set up by Party A, Party B, and
Party C:

I     Lease add: Room 1101-1105 No. 11 Alley 300, East Nandan Road

II    Usable Area: 377.78m2

III   Period: Two years: From the date 06/04/2004 to 06/03/2006. Free of rent
      expense from date 06/04/ 2004to 07/03/2004, but management expense and
      water, electricity fee should be paid in this period.

IV    Price: RMB 60,644 per month; month total RMB 727,728 per year.

V     Management price: RMB 4,788 per month.

VI    Payment method: Deposit two-month rent expense and management fee
                      Pay two months rent expense and management fee.

VII   Since the date of lease, Party B should pay two month rent and management
      fee every 60 days, and should pay in 5 days advance.

VIII  Party B should pay the following expenses before June 4th 2004.
      Deposit RMB 130,864 (two months rent and management fee) Two months rent
      expense RMB 121,288

      Two months management expense RMB 9,576
      Management expense in free charge period: RMB 4,788

IX    Others expense: party B should pay the water, electricity fee in time.

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X     Party A can provide telephone number 10 pcs. If party B will add numbers,
      Party B should pay RMB 500 to Party A for the added first number, and RMB
      1000 for every number from the second line.

XI    Party A provide the following items:
      Water electricity in 24 hours.
      Clean Service for the public area
      Air conditioner: 6 sets
      Clean room: 5
      Company's brand in the lobby

XII   Expiration of the contract

      1.    If party B wants to stop the contract in the effective period, Party
            A has the right to not to pay deposit back, and Party B should pay
            RMB 5,000 as the compensate for Party A
      2.    If Party A wants to stop the contract in the effective period, Party
            B has the right to require Party A pay back the deposit and receive
            RMB 5,000 as the compensate.

PARTY A: Shanghai Mingyuan Hotel        PARTY B: Shanghai Chaofan Investment
  & Restaurant Management Co., Ltd.     Management Consultation Co., Ltd

Representative Signature:               Representative Signature:

Date: 7th June, 2004                    Date: 3rd June, 2004

PARTY C: Shanghai Zhongchi Investment Management Co., Ltd

Representative Signature:

Date:ESCROW AGREEMENT

      This  Escrow  Agreement  (the  "Agreement")  is made by and  between  City
National Bank, a national banking association, with its principal office located
at 1950  Avenue of the Stars,  2nd Floor,  Los  Angeles,  California  90067 (the
"Escrow Agent"),  and SRKP 1, Inc., a Delaware  corporation,  with its principal
office located at 1900 Avenue of the Stars,  Suite 310, Los Angeles,  California
90067 (the "Issuer").

                              W I T N E S S E T H :

      WHEREAS,  the Issuer has filed with the Securities and Exchange Commission
(the "Commission"), Washington, D.C., an SB-2 Registration Statement, as amended
(the "Registration Statement"),  and related Prospectus, File No. 333-114622, in
connection  with  an  initial  public  offering  of  the  Issuer's   securities,
comprising  700,000 shares of the Issuer's common stock to be sold at a price of
$0.17 per share (the "Securities");

      WHEREAS,  the Issuer  proposes to offer the  Securities to the public on a
"best efforts, all or none" basis as set forth in the Registration Statement;

      WHEREAS,  the Issuer  proposes to establish an escrow account (the "Escrow
Account"), to which subscription funds which are received by the Escrow Agent in
connection with such public offering are to be credited, and the Escrow Agent is
willing  to  establish  the  Escrow  Account  on the  terms and  subject  to the
conditions hereinafter set forth; and

      WHEREAS,  the Escrow Agent will establish an Escrow Account into which the
subscription  funds,  which are received by the Escrow Agent and credited to the
Escrow Account, are to be deposited.

      NOW,  THEREFORE,  for and in  consideration  of the  promises  and  mutual
covenants herein contained, and other valuable consideration, the parties hereto
hereby agree as follows:

1.0   THE REGISTRATION STATEMENT.

      1.1   The Issuer has filed the Registration  Statement with the Commission
            and is included herein as Exhibit A to this Agreement, and is made a
            part hereof.

2.0   ESTABLISHMENT OF THE ESCROW ACCOUNT.

      2.1   The Issuer shall initially  establish a non-interest  bearing Escrow
            Account at the Escrow  Agent.  The purpose of the Escrow  Account is
            for  (a) the  deposit  of all  subscription  funds  (checks  or wire
            transfers)  which  are  received  by  the  Issuer  from  prospective
            purchasers of the  Securities and are delivered by the Issuer to the
            Escrow Agent; (b) the holding of amounts of subscription funds which
            are collected  through the banking system;  and (c) the disbursement
            of collected funds, all as described  herein.  The Escrow Agent will
            hold all monies and other  property in the Escrow  Account free from
            any lien,  claim or  offset,  except as set forth  herein,  and such
            monies  and other  property  shall not become  the  property  of the
            Company, nor subject to the debts thereof, unless the conditions set
            forth in these  instructions  to  disbursement of such monies to the
            Company have been fully satisfied.

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      2.2   On or before the date of the initial  deposit in the Escrow  Account
            pursuant to this Agreement, the Issuer shall notify the Escrow Agent
            in  writing  of the  effective  date (the  "Effective  Date") of the
            Registration  Statement,  and the Escrow Agent shall not be required
            to accept  any  amounts  for  credit to the  Escrow  Account  or for
            deposit  in  the  Escrow  Account  prior  to  its  receipt  of  such
            notification.

      2.3   The offering period (the "Offering  Period"),  which shall be deemed
            to commence on the  Effective  Date,  shall be for a period of up to
            180 days.  The  Offering  Period  shall be less than 180 days if the
            Issuer sells all Securities for a total  consideration  of $119,000.
            The last day of the Offering  Period,  which is either 180 days from
            the  Effective  Date or the  date on  which  the  Issuer  sells  all
            Securities for a total  consideration of $119,000,  whichever occurs
            first, is also referred to herein as the "Termination  Date." Except
            as provided in Section 4.3 hereof,  after the Termination  Date, the
            Issuer shall not deposit, and the Escrow Agent shall not accept, any
            additional amounts representing payments by prospective purchasers.

      2.4   If the Escrow Account remains open following the Termination Date in
            accordance with Article 4 below, the Fund (as defined in Section 3.5
            below) shall be placed in a money market investment  account bearing
            interest  at the Escrow  Agent's  then  applicable  rate;  provided,
            however,  that no interest  shall  accrue until the Escrow Agent has
            received an IRS Form W-9 completed and executed by the Company.

3.0   DEPOSITS TO THE ESCROW ACCOUNT.

      3.1   The Issuer  shall  promptly  deliver  to the Escrow  Agent all funds
            which it receives from  prospective  purchasers  of the  Securities,
            which funds shall be in the form of checks or wire  transfers.  Upon
            the Escrow Agent's receipt of such funds,  they shall be credited to
            the Escrow Account.  All checks  delivered to the Escrow Agent shall
            be made payable to the "City  National  Bank/SRKP  1, Inc.'s  Escrow
            Account."  Any checks  payable  other  than to the  Escrow  Agent as
            required hereby shall be returned to the prospective purchaser.

      3.2   Promptly after receiving  subscription funds as described in Section
            3.1,  the  Escrow  Agent  shall  deposit  the same  into the  Escrow
            Account.  Amounts of funds so deposited are hereinafter  referred to
            as "Escrow  Amounts."  The Escrow  Agent  shall cause to process all
            Escrow   Amounts  for   collection   through  the  banking   system.
            Simultaneously  with each deposit to the Escrow Account,  the Issuer
            shall  inform the Escrow  Agent in writing of the name,  address and
            social security number of the prospective  purchaser,  the amount of
            Securities  subscribed  for by such  purchaser,  and  the  aggregate
            dollar amount of such subscription (collectively,  the "Subscription
            Information").

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<PAGE>

      3.3   The Escrow  Agent  shall not be required to accept for credit to the
            Escrow Account checks which are not  accompanied by the  appropriate
            Subscription  Information.  Wire  transfers  and  cash  representing
            payments by prospective  purchasers shall not be deemed deposited in
            the Escrow  Account  until the Escrow  Agent has received in writing
            the Subscription Information required with respect to such payments.

      3.4   The  Escrow  Agent  shall not be  required  to accept in the  Escrow
            Account any amounts representing payments by prospective purchasers,
            whether by check, or wire,  except during the Escrow Agent's regular
            business hours.

      3.5   Only those Escrow  Amounts,  which have been deposited in the Escrow
            Account  and which have  cleared  the  banking  system and have been
            collected by the Escrow Agent, are herein referred to as the "Fund."

      3.6   If the proposed  offering is terminated before the Termination Date,
            the  Escrow  Agent  shall  refund  any  portion of the Fund prior to
            disbursement  of the Fund in  accordance  with Article 4 hereof upon
            instructions in from the Issuer.

4.0   DISBURSEMENT FROM THE ESCROW ACCOUNT.

      4.1   Subject to Section  4.3  below,  if by the close of regular  banking
            hours on the Termination  Date the Escrow Agent  determines that the
            amount  in the Fund is less than  $119,000,  then the  Escrow  Agent
            shall promptly  refund to each  prospective  purchaser the amount of
            payment  received from such purchaser which is then held in the Fund
            or which  thereafter  clears the banking  system,  without  interest
            thereon or  deduction  therefrom,  by  drawing  checks on the Escrow
            Account  for the  amounts  of such  payments  and  mail  them to the
            purchasers.  In such event,  the Escrow Agent shall promptly  notify
            the Issuer of its  distribution of the Fund. If the Fund is equal to
            $119,000,   the  Escrow   Account   shall  remain  open  beyond  the
            Termination Date in accordance with Section 4.2 below.

      4.2   If the Escrow Account remains open beyond the Termination  Date, the
            Issuer must satisfy the following conditions:

      within  five  (5)  business   days  after  the   effective   date  of  the
post-effective  amendment,  the Issuer  shall  send by first  class mail to each
purchaser of securities  held in escrow,  a copy of the prospectus  contained in
the post-effective amendment and any amendment or supplement thereto;

      each  purchaser  shall have no fewer than twenty (20) business days and no
more  than  forty-five  (45)  business  days  from  the  effective  date  of the
post-effective  amendment  to notify the Issuer in  writing  that the  purchaser
elects to remain an  investor.  If the  Issuer  has not  received  such  written
notification by the forty-fifth (45th) business day following the Effective Date
of the post-effective amendment, funds and interest held in escrow shall be sent
by first class mail or other equally prompt means to the purchasers  within five
(5) business days; an acquisition described in the post-effective amendment will
be consummated  if a sufficient  number of purchasers  confirm their  investment
with the Issuer;  and if an acquisition  has not been  consummated by the Issuer
within  eighteen  (18)  months  after  the  Effective  Date of the  Registration
Statement,  funds and  interest  held in escrow shall be returned by first class
mail to the purchasers with five (5) business days following that date. It shall
be the  responsibility  of the Issuer to notify  the Escrow  Agent if any of the
above  conditions  are not  timely  satisfied.  Additionally,  it  shall  be the
Issuer's  responsibility to timely provide instructions to the Escrow Agent with
respect to interest  calculations  prior to release of funds and interest to the
purchasers in accordance with the terms of this Section 4.2.

                                       3
<PAGE>

      Funds  held in the  Escrow  Account  may be  released  to the  Issuer  and
Securities may be delivered to the purchasers only at the same time as or after:

      the Escrow Agent has received a signed representation from the Issuer that
the requirements of paragraphs (e)(1) and (e)(2) of Rule 419 have been met; and

      the Escrow Agent has received a signed representation from the Issuer that
the requirements of paragraph (e)(2)(iii) of Rule 419 have been met.

      The Issuer shall be liable for any  misrepresentations  made to the Escrow
Agent with  respect to this Section 4.2 and the Issuer  agrees to indemnify  the
Escrow Agent for any claims made by purchasers  with respect to this Section 4.2
in accordance with Article 5 below;  provided,  however, the Issuer shall not be
responsible  for the Escrow Agent's failure to timely release funds and interest
to the purchasers upon receipt of instructions from the Issuer.

      4.3   If the  Escrow  Agent  has on hand at the close of  business  on the
            Termination  Date any  uncollected  amounts  which when added to the
            Fund  would  raise the  amount in the Fund to the  minimum  offering
            amount,  and result in the Fund representing the sale of the minimum
            offering amount, consisting of the number of business days set forth
            in the  Registration  Statement,  shall be  utilized  to allow  such
            uncollected funds to clear the banking system.

      4.4   Upon  disbursement of the Fund pursuant to the terms of this Article
            4, the Escrow Agent shall be relieved of all further obligations and
            released from all liability  under this  Agreement.  It is expressly
            agreed and understood that in no event shall the aggregate amount of
            payments made by the Escrow Agent exceed the amount of the Fund.

5.0   RIGHTS, DUTIES AND RESPONSIBILITIES OF THE ESCROW AGENT; INDEMNIFICATION.

      5.1   The Escrow Agent shall  notify the Issuer on a regular  basis of the
            escrow  amounts which have been  deposited in the Escrow Account and
            of the  amounts,  constituting  the Fund,  which  have  cleared  the
            banking system and have been collected by the Escrow Agent.

      5.2   The Escrow  Agent  shall not be  responsible  for or be  required to
            enforce any of the terms or conditions of the Agreement with respect
            to the Issuer.

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<PAGE>

      5.3   The Escrow Agent shall not be required to accept from the Issuer any
            subscription information pertaining to prospective purchasers unless
            such  Subscription  Information  is  accompanied  by  checks or wire
            transfers  meeting the  requirement  of Section  3.1,  nor shall the
            Escrow  Agent be required to keep  records of any  information  with
            respect to payments deposited by the Issuer, except as to the amount
            of such payments;  however, the Escrow Agent shall notify the Issuer
            within a reasonable time of any  discrepancy  between the amount set
            forth in any  subscription  information and the amount  delivered to
            the Escrow  Agent  therewith.  Such amount need not be accepted  for
            deposit  in  the  Escrow  Agent  until  such  discrepancy  has  been
            resolved.

      5.4   The Escrow Agent shall be under no duty or responsibility to enforce
            collection of any check delivered to it hereunder. The Escrow Agent,
            within a  reasonable  time,  shall  return to the  Issuer  any check
            received  which  is  dishonored,   together  with  the  Subscription
            Information which accompanied such check.

      5.5   The Escrow Agent shall be entitled to rely upon the accuracy, act in
            reliance  upon the  contents,  and  assume  the  genuineness  of any
            notice,  instruction,  certificate,  signature,  instrument or other
            document  which is given to the Escrow Agent by the Issuer  pursuant
            to  this  Agreement  without  the  necessity  of  the  Escrow  Agent
            verifying the truth or accuracy thereof.  The Escrow Agent shall not
            be  obligated  to make any  inquiry as to the  authority,  capacity,
            existence  or  identity  of any person  purporting  to give any such
            notice  or  instructions   or  to  execute  any  such   certificate,
            instrument or other document.

      5.6   If the  Escrow  Agent  is  uncertain  as to  its  duties  or  rights
            hereunder or shall receive  instructions  with respect to the Escrow
            Account,  the  escrow  amounts  of  the  Fund  which,  in  its  sole
            determination,  are  in  conflict  either  with  other  instructions
            received by it or with any provision of this Agreement,  it shall be
            entitled to hold the escrow amounts,  the Fund or a portion thereof,
            in the Escrow Account pending the resolution of such  uncertainty to
            the Escrow Agent's sole  satisfaction,  by final judgment of a court
            of competent jurisdiction or otherwise;  or the Escrow Agent, at its
            sole  option,  may  deposit  with the clerk of a court of  competent
            jurisdiction  in a  proceeding  to which all parties in interest are
            joined.  Upon the  deposit by the Escrow  Agent of the Fund with the
            clerk of any  court,  the  Escrow  Agent  shall be  relieved  of all
            further obligations and released from all liability hereunder.

      5.7   The Escrow Agent shall not be liable for any action taken or omitted
            hereunder, or for the misconduct of any employee,  agent or attorney
            appointed by it,  except in the case of willful  misconduct or gross
            negligence.  The Escrow  Agent  shall be  entitled  to consult  with
            counsel of its own  choosing  and shall not be liable for any action
            taken,  suffered or omitted by it in  accordance  with the advice of
            such counsel.

      5.8   The  Escrow  Agent  shall  have  no  responsibility  at any  time to
            ascertain  whether or not any security interest exists in the escrow
            amounts,  the Fund or any  part  thereof  or to file  any  financing
            statement under the Uniform Commercial Code with respect to the Fund
            or any part thereof.

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<PAGE>

      5.9   The Issuer  agrees to indemnify  the Escrow Agent and its  officers,
            directors,   employees,   agents,  and  shareholders   (jointly  and
            severally, the "Indemnitees") against, and hold them harmless of and
            from, any and all losses, liabilities, costs, damages, and expenses,
            including, but not limited to, reasonable fees and disbursements for
            counsel of its own choosing (collectively,  "Liabilities"), that the
            Indemnitees  may suffer or incur and which arise out of or relate to
            this Agreement or any  transaction to which this Agreement  relates,
            unless such  Liability  is the result of the willful  misconduct  or
            gross negligence of the Indemnitees.

      5.10  If the indemnification  provided for in this Section 5 is applicable
            but is held to be  unavailable,  the Issuer  shall  contribute  such
            amounts  as are  just  and  equitable  to pay  or to  reimburse  the
            Indemnitees  for the aggregate of any and all  Liabilities  actually
            incurred by the Indemnitees as a result of or in connection with any
            amount  paid in  settlement  of any  action,  claim,  or  proceeding
            arising out of or relating in any way to any actions or omissions of
            the Issuer.

      5.11  The  provisions of this Section 5 shal1 survive any  termination  of
            this Agreement,  whether by disbursement of the Fund, resignation of
            the Escrow Agent, or otherwise.

6.0   INTERPLEADER.

      6.1   In the event conflicting demands are made or notices served upon the
            Escrow  Agent with respect to the Escrow  Account,  the Escrow Agent
            shall have the  absolute  right at its election to do either or both
            of the following:  (a) Withhold and stop all further proceedings in,
            and  performance  of, this escrow or (b) File a suit in interpleader
            and obtain an order from the court requiring the parties to litigate
            their several claims and rights among themselves.  In the event such
            interpleader  suit is  brought,  the  Escrow  Agent  shall  be fully
            released from any  obligation to perform any further  duties imposed
            upon it  hereunder,  and the Company  shall pay the Escrow Agent all
            costs,  expenses and reasonable attorney's fees expended or incurred
            by Escrow Holder (or allocable to its in-house counsel),  the amount
            thereof to be fixed and a judgment  thereof  to be  rendered  by the
            court in such suit.

7.0   AMENDMENT; RESIGNATION.

      7.1   This  Agreement  may be  altered or  amended  only with the  written
            consent of the parties  hereto.  The Escrow Agent may resign for any
            reason upon fourteen (14) days' written notice to the Issuer. Should
            the Escrow Agent resign as herein provided, it shall not be required
            to accept any deposit, make any disbursement or otherwise dispose of
            the  escrow  amounts,  but its only duty shall be to hold the escrow
            accounts  until  they  clear the  banking  system and the Fund for a
            period  of not  more  than  five (5)  business  days  following  the
            effective date of such resignation, at which time (a) if a successor
            escrow agent shall have been  appointed and written  notice  thereof
            shall have been given to the  resigning  escrow  agent by the Issuer
            and such  successor  escrow agent,  then the resigning  escrow agent
            shall pay over to the  successor  escrow  agent  the Fund,  less any
            portion  thereof   previously  paid  out  in  accordance  with  this
            Agreement;  or (b) if the  resigning  escrow  agent  shall  not have
            received  written notice signed by the Issuer and a successor escrow
            agent,  then the resigning  escrow agent shall  promptly  refund the
            amount in the Fund to each prospective  purchaser,  without interest
            thereon or deduction therefrom, and the resigning escrow agent shall
            promptly notify the Issuer of its  liquidation  and  distribution of
            the Fund;  whereupon,  in either  case,  the Escrow  Agent  shall be
            relieved of all further  obligations and released from all liability
            under this Agreement. Without limiting the provisions of Section 9.1
            hereof,   the  resigning  escrow  agent  shall  be  entitled  to  be
            reimbursed  by the Issuer for any  expenses  incurred in  connection
            with its  resignation,  transfer of the Fund to a  successor  escrow
            agent or distribution of the Fund pursuant to this Section 7.1.

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<PAGE>

8.0   REPRESENTATIONS AND WARRANTIES.

      8.1   The Issuer represents and warrants to the Escrow Agent that no party
            other than the parties hereto and the prospective  purchasers  have,
            or shall  have,  any claim or  security  interest in the Fund or any
            part thereof.

      8.2   No financing  statement under the Uniform Commercial Code is on file
            in any  jurisdiction  claiming a security  interest in or describing
            the Fund or any part thereof.

      8.3   The Subscription  Information  submitted with each deposit shall, at
            the time of submission  and at the time of the  disbursement  of the
            Fund,  be deemed a  representation  and  warranty  that such deposit
            represents a bona fide payment by the  purchaser  described  therein
            for  the  amount  of  Securities  set  forth  in  such  Subscription
            Information.

      8.4   All of the information  contained in the Registration  Statement is,
            as of the date hereof,  and will be, at the time of any disbursement
            of the Fund, true and correct.

9.0   FEES AND EXPENSES.

      9.1   The Escrow  Agent shall be entitled to an  acceptance  fee of $2,000
            and  an  annual  administrative  fee of  $2,000,  payable  upon  the
            execution  of this  Agreement.  In  addition,  the Issuer  agrees to
            reimburse  the Escrow  Agent for any  reasonable  fees and  expenses
            incurred  in  connection  with  this  Agreement,  which  shall be in
            accordance with the fee schedule set forth on Exhibit B hereto.

10.0  GOVERNING LAW AND ASSIGNMENT.

      10.1  This Agreement shall be construed in accordance with and governed by
            the  laws of the  State of  California  shall  be  binding  upon the
            parties  hereto  and  their   respective   successors  and  assigns;
            provided,  however,  that any assignment or transfer by any party of
            its rights under this Agreement or with respect to the Fund shall be
            void as against the Escrow Agent unless (a) written  notice  thereof
            shall be given to the Escrow  Agent;  and (b) the Escrow Agent shall
            have consented in writing to such assignment or transfer.

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<PAGE>

11.0  NOTICES.

      11.1  All notices  required to be given in connection  with this Agreement
            shall  be sent by  registered  or  certified  mail,  return  receipt
            requested,  or by hand  delivery  with receipt  acknowledged,  or by
            Express Mail service offered by the United States Post Office to the
            addresses set forth in the beginning of this Agreement or such other
            address as the parties hereto may designate.

12.0  SEVERABILITY.

      12.1  If any provision of this Agreement or the application thereof to any
            person  or  circumstance  shall  be  determined  to  be  invalid  or
            unenforceable,  the remaining  provisions  of this  Agreement or the
            application of such provision to persons of circumstances other than
            those to which it is held  invalid  or  unenforceable  shall  not be
            affected  thereby and shall be valid and  enforceable to the fullest
            extent permitted by law.

13.0  EXECUTION IN SEVERAL COUNTERPARTS; ENTIRE AGREEMENT.

      13.1  This  Agreement  may  be  executed  in  several  counterparts  or by
            separate instruments, all of such counterparts and instruments shall
            constitute one agreement, binding on all of the parties hereto.

      13.2  This Agreement  constitutes the entire agreement between the parties
            hereto with respect to the subject  matter hereof and supersedes all
            prior agreements and understandings, written or oral, of the parties
            in connection therewith.

      IN WITNESS WHEREOF,  the undersigned  parties have executed this Agreement
upon proper legal authority as of the 30-th day of July, 2004.

                           City National Bank, a national banking association

                           By:
                              --------------------------------------------------
                                  Sue Behning, its Trust Officer

                           SRKP 1, Inc., a Delaware corporation

                           By:
                              --------------------------------------------------
                                  Glenn Krinsky, its Chief Financial Officer

                                       8

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