Document:

<PAGE>

                                                                    Exhibit 4.58

                DATED THE ________  DAY OF ______________, 2007

                        ETERNAL GROWTH INVESTMENT LIMITED

                                       and

                       FNG INTERNATIONAL HOLDINGS LIMITED

                                       and

                        CHINA FINANCE ONLINE CO. LIMITED

                                   ----------

                                    AGREEMENT
                            for the sale and purchase
                                  of shares in
                     Daily Growth Investment Company Limited
                               (Chinese Characters)

                                   ----------

                                F. ZIMMERN & CO.
                              Solicitors & Notaries
                 Suites 1501-1503, 15th Floor, Gloucester Tower,
                The Landmark, 15 Queen's Road Central, Hong Kong
                              Tel: (852) 2526-4373
                              Fax: (852) 2801-4548
                               Ref: AN/PC/S14/2007

<PAGE>

THIS AGREEMENT is made on the ___________ day of _______________, 2007.

BETWEEN :-

1.   ETERNAL GROWTH INVESTMENT LIMITED, a company incorporated in Hong Kong
     whose registered office is at 11th Floor, 22 Kai Cheung Road, Kowloon Bay,
     Kowloon, Hong Kong (the "VENDOR");

2.   FNG INTERNATIONAL HOLDINGS LIMITED, a company incorporated in the British
     Virgin Islands whose registered address is at Trident Chambers, P.O. Box
     146, Road Town, Tortola, British Virgin Islands (the "PURCHASER"); and

3.   CHINA FINANCE ONLINE CO. LIMITED, a company incorporated in Hong Kong whose
     registered office is situate at Room 908, 9th Floor, Hutchison House, 10
     Harcourt Road, Central, Hong Kong (the "GUARANTOR").

     (The Vendor and the Purchaser are collectively referred to as the "PARTIES"
     and each as a "PARTY")

WHEREAS :-

(A)  Daily Growth Investment Company Limited (Chinese Characters) (the
     "COMPANY") is a private limited company incorporated under the laws of Hong
     Kong on 6 October 1971 and has an authorised share capital of HK$10,000,000
     divided into 100,000 ordinary shares of HK$100 each, of which 100,000
     ordinary shares have been issued and are fully paid up. The Company is a
     licensed corporation to engage in type 1 regulated activity (dealing in
     securities) under the Securities and Futures Ordinance, Chapter 571 of the
     laws of Hong Kong. Particulars of the Company are set out in Schedule 1.

(B)  The Vendor is the legal and beneficial owner of 16,000 issued ordinary
     shares of the Company, representing 16 per cent. of the entire issued share
     capital of the Company (the "SALE SHARES").

(C)  The Vendor has agreed to sell, and the Purchaser has agreed to purchase,
     the

                                       1

<PAGE>

     Sale Shares on the terms and conditions hereinafter appearing.

(D)  The Purchaser is a wholly owned subsidiary of the Guarantor.

(E)  The Guarantor has agreed to guarantee as the primary obligor for the due
     performance of the Purchaser under this Agreement.

AND NOW IT IS HEREBY AGREED as follows

1.   DEFINITIONS AND INTERPRETATION

1.1  In this Agreement, unless otherwise expressed or required by context, the
     following expressions shall have the respective meanings set opposite
     thereto :-

<TABLE>
<CAPTION>
Expression              Meaning
----------              -------
<S>                     <C>
"Accounts"              means the audited profit and loss accounts for the
                        period ended on and the balance sheet as at the Accounts
                        Date of the Company;

"Accounts Date"         means 31 December 2006;

"Approval"              have the meaning ascribed to it in Clause 2.1(b) hereof;

"Business Day"          means a day, other than a "general holiday" (as defined
                        in the General Holidays Ordinance (Chapter 149 of the
                        Laws of Hong Kong)), Saturday and any day on which a
                        tropical cyclone warning No. 8 or above is hoisted or
                        remains hoisted between 9:00 a.m. and 12:00 noon and is
                        not lowered at or before 12:00 noon or on which a
                        "black" rainstorm warning signal is hoisted or remains
                        in effect between 9:00 a.m. and 12:00 noon and is not
                        discontinued at or before 12:00 noon, on which
                        commercial banks are generally
</TABLE>

                                       2

<PAGE>

<TABLE>
<S>                     <C>
                        open for banking business in Hong Kong;

"Completion Accounts"   means the profit and loss accounts for the period ended
                        on and the balance sheet as at the Completion Date of
                        the Company;

"Completion Date"       means the date on which completion of the sale and
                        purchase of the Sale Shares takes place as mentioned in
                        Clause 4 hereof;

"Consideration"         has the meaning ascribed to it in Clause 3 hereof;

"Deposit"               has the meaning ascribed to it in Clause 3.2(a) hereof;

"Disclosure Letter"     means the disclosure letter from the Vendor to the
                        Purchaser to be delivered at Completion in the form
                        identical to that attached hereto as Schedule 3 hereto
                        or with lesser disclosures;

"Hong Kong"             means the Hong Kong Special Administrative Region of the
                        People's Republic of China;

"Liabilities"           means the total liabilities of the Company whether
                        actual or contingent as at Completion, and for the
                        avoidance of doubt, including all provisions for
                        taxation and bad debts;

"NAV"                   means the Tangible Assets less the Liabilities;

"Shares"                means issued ordinary shares of HK$100 each in the
                        capital of the Company, and "Shareholders" shall be
                        construed accordingly;

"SFC"                   means the Securities and Futures Commission;

"SFO"                   means the Securities and Futures Ordinance (Chapter 571
                        of the laws of Hong Kong);
</TABLE>

                                       3

<PAGE>

<TABLE>
<S>                     <C>
"Stock Exchange"        The Stock Exchange of Hong Kong Limited;

"Tangible Assets"       means the total tangible assets of the Company as at
                        Completion, including an amount of HK$794,157.41 due
                        from Mr. Cheung Wing Cheung as at 1 August 2007 to the
                        Company to be accepted by the Parties as accounts
                        receivable without any provision for non-recovery;

"Vendor's Solicitors"   means F. Zimmern & Co; and

"HK$" and "Cent"        means Hong Kong Dollars and Cents respectively.
</TABLE>

1.2  The headings to the Clauses of this Agreement are for ease of reference
     only and shall be ignored in interpreting this Agreement.

1.3  Reference to Clauses and Schedules are references to Clauses and Schedules
     of or to this Agreement.

1.4  Words and expressions in the singular include the plural and vice versa.

1.5  Reference to person include any public body and any body of persons,
     corporate or unincorporated.

1.6  Reference to ordinances, statutes, legislation or enactments shall be
     construed as a reference to such Ordinances, statutes, legislation or
     enactments as may be amended or re-enacted from time to time and for the
     time being in force.

2.   CONDITIONS PRECEDENT

2.1  Completion of this Agreement shall be conditional upon :-

     (a)  the Company remains a licensed corporation to engage in type 1
          regulated activity (dealing in securities) under the SFO up to
          Completion;

                                       4

<PAGE>

     (b)  the SFC giving its written approval to approve the Purchaser to become
          a substantial shareholder of the Company (the "APPROVAL"); and

     (c)  the Purchaser shall, in addition to the Sale Shares to be acquired
          pursuant hereto, acquire on the Completion Date Shares from other
          existing Shareholders which together with the Sale Shares, shall in
          aggregate represent not less than 75% of the entire issued share
          capital of the Company as at the Completion Date.

2.2  The Vendor will use its best endeavours to procure the fulfilment of the
     condition set out in Clauses 2.1 (a) and 2.1(c) hereof and the Purchaser
     will use its best endeavours to procure the fulfilment of the condition set
     out in Clause 2.1(b) hereof.

2.3  If (i) the condition as set out in Clause 2.1(a) hereof cannot be fulfilled
     on the Completion Date, the Vendor or the Purchaser may, or (ii) the
     condition as set out in Clause 2.1(c) hereof cannot be fulfilled on the
     Completion Date, the Purchaser may terminate this Agreement. In any of such
     event, the Deposit shall be returned to the Purchaser in full together with
     interest calculated at the rate of three (3) per cent. per annum from the
     date of payment of the Deposit by the Purchaser up to the date of refund.
     Upon the refund, this Agreement shall lapse and no Party shall have any
     claim against the other Party except in respect of any antecedent breach.

2.4  If the condition as set out in Clause 2.1(b) hereof cannot be fulfilled on
     or before 31 December 2007 (the "CONDITIONS DEADLINE"), the Vendor will
     allow the Purchaser to extend the Conditions Deadline for a period up to
     three (3) calendar months from 1 January 2008 (the "EXTENDED PERIOD")
     provided that the Purchaser shall pay compensation (the "COMPENSATION") to
     the Vendor, unless the delay is due to the proven default of the Vendor, to
     be arrived at by the following formula :-

          C = [(HK$3 * S) * 3] * D/91

          C = the total Compensation payable by the Purchaser to the Vendor

          S = the number of the Sale Shares

          D = the number of days from 1 January 2008 up to and including (i)

                                       5

<PAGE>

              the Completion Date; or (ii) the day of the receipt of the Notice
              (as defined below) by the Vendor; or (iii) 31 March 2008, as the
              case may be, to be determined in the manner as provided in Clauses
              2.5 (a) and (b)

     The Purchaser may serve a written notice to the Vendor not to proceed with
     the Completion (the "NOTICE") during the Extended Period.

2.5  (a)  In the event that Completion takes place before the expiry of the
          Extended Period, the Purchaser shall pay the Compensation calculated
          up to the Completion Date to the Vendor on the Completion Date.

     (b)  In the event that the Purchaser shall fail to complete the purchase of
          the Sale Shares in accordance with the terms of this Agreement
          (including failure to complete by reason of the failure to obtain the
          Approval) other than due to the proven default of the Vendor, half of
          the Deposit shall be forfeited to the Vendor as liquidated damages
          (the "FORFEITURE") and in addition, if the Conditions Deadline is
          extended, the Vendor shall also be entitled to deduct the Compensation
          (calculated up to the day of the receipt of the Notice by the Vendor
          if the Notice is served by the Purchaser or calculated up to 31 March
          2008 if no Notice is served by the Purchaser) from the balance of
          the Deposit (the "DEDUCTION"). The remaining balance of the Deposit
          (after the Forfeiture and any Deduction) shall be returned to the
          Purchaser without interest within seven (7) days from the date of the
          receipt of the Notice by the Vendor or 31 March 2008, as the case may
          be. After the Forfeiture and any Deduction, the Vendor shall have no
          claim whatsoever against the Purchaser under this Agreement.

2.6  If the Vendor shall fail to complete the sale of the Sale Shares in
     accordance with the terms of this Agreement due to the proven default of
     the Vendor, the Deposit shall be returned to the Purchaser in full together
     with interest calculated at the rate of three (3) per cent. per annum from
     the date of payment of the Deposit by the Purchaser up to the date of
     refund. Subject to the aforesaid payment, the Purchaser shall have no claim
     whatsoever against the Vendor under this Agreement.

                                       6

<PAGE>

3.   SALE AND PURCHASE OF THE SALE SHARES AND THE CONSIDERATION

3.1  Subject to the terms and conditions of this Agreement, the Vendor as
     beneficial owner hereby agrees to sell to the Purchaser and the Purchaser,
     relying on the representations and warranties made or given by the Vendor
     and subject to the terms and conditions contained in this Agreement, agree
     to purchase from the Vendor the Sale Shares free from all claims, charges,
     liens, encumbrances, equities and third party rights and together with all
     rights attached thereto and all dividends and distributions declared, paid
     or made in respect thereof after the Completion Date at a consideration
     (the "CONSIDERATION") to be arrived at by the following formula :-

     C = P * S

     C = the total consideration payable by the Purchaser to the Vendor for the
         Sale Shares

     P = the price per Share based on the NAV as at the Completion Date plus a
         premium of HK$15 per Share (which is to reflect the value of the
         trading right held by the Company in the Stock Exchange)

     S = the number of Sale Shares

3.2  Subject to Clause 3.3 hereof, the Consideration shall be paid by the
     Purchaser to the Vendor as follows:-

     (a)  a sum of HK$800,000 (i.e. HK$50 per Sale Share) as deposit and part
          payment of the Consideration (the "DEPOSIT") to be paid on the signing
          of this Agreement by way of delivering a solicitor's cheque to the
          Vendor's Solicitors as stakeholder to be held by it subject to the
          provisions of this Agreement and the sum of HK$1,000,000 being the
          earnest money already paid by the Purchaser to the Purchaser's
          Solicitors as stakeholder under the term sheet dated 25 July 2007 be
          released to the Purchaser after payment of the Deposit; and

     (b)  the balance of the Consideration to be paid on Completion by way of a
          solicitor's cheque to the Vendor.

                                       7

<PAGE>

3.3  (a)  The Vendor shall procure that the draft pro-forma Completion Accounts
          (the "DRAFT PRO-FORMA COMPLETION ACCOUNTS") be drawn up and delivered
          to the Purchaser not less than six (6) days prior to the Completion
          Date. Completion shall take place on the basis of the draft pro-forma
          Completion Accounts.

     (b)  After Completion, the Vendor shall procure the final Completion
          Accounts (the "FINAL COMPLETION ACCOUNTS") be drawn up and delivered
          to the Purchaser within fourteen (14) days after the Completion Date.
          Subject to Clause 3.3(d), if the final Completion Accounts shall show
          that the NAV per Share is less than the NAV per Share as shown in the
          draft pro-forma Completion Accounts, the Vendor shall pay the amount
          of the difference of the NAV per Share multiplied by the number of the
          Sale Shares to the Purchaser within ten (10) days from the date of
          delivery of the final Completion Accounts by way of solicitor's
          cheque. If the final Completion Accounts shall show that the NAV per
          Share is more than the NAV per Share as shown in the draft pro-forma
          Completion Accounts, the Purchaser shall pay the amount of the
          difference of the NAV per Share multiplied by the number of the Sale
          Shares to the Vendor within ten (10) days from the date of delivery of
          the final Completion Accounts by way of solicitor's cheque. The
          Purchaser shall provide with the Vendor full access to the books,
          records and resources of the Company so as to enable the Vendor to
          procure the final Completion Accounts to be drawn up.

     (c)  The basis and policy of accounting adopted in preparing the pro-forma
          draft Completion Accounts and the final Completion Accounts shall be
          in accordance with the generally accepted accounting practices in Hong
          Kong.

     (d)  In the event of a dispute between the Parties as to the amount of the
          NAV as shown in the final Completion Accounts, the Vendor or the
          Purchaser may procure that the final Completion Accounts be audited by
          the auditors of the Company within forty-five (45) days from the date
          of delivery of the final Completion Accounts provided that the
          procurement of the audited final Completion Accounts shall be made by
          the relevant Party within seven (7) days from the date of delivery of

                                       8

<PAGE>

          the final Completion Accounts.

     (e)  If the audited Completion Accounts shall show that the NAV per Share
          is less than the NAV per Share as shown in the draft pro-forma
          Completion Accounts, the Vendor shall pay the amount of the difference
          of the NAV per Share multiplied by the number of the Sale Shares to
          the Purchaser within seven (7) days from the date of delivery of the
          audited Completion Accounts by way of solicitor's cheque. If the
          audited Completion Accounts shall show that the NAV per Share is more
          than the NAV per Share as shown in the draft pro-forma Completion
          Accounts, the Purchaser shall pay the amount of the difference of the
          NAV per Share multiplied by the number of the Sale Shares to the
          Vendor within seven (7) days from the date of delivery of the audited
          Completion Accounts by way of solicitor's cheque. The Vendor together
          with the other vendors of the one part and the Purchaser of the other
          part shall each be responsible for payment of 50% of the cost and
          expenses for the preparation and completion of the audited Completion
          Accounts.

4.   COMPLETION

4.1  Subject to the provisions in Clause 2 hereof, completion of the sale and
     purchase of the Sale Shares shall take place at the offices of Arculli Fong
     & Ng (the "PURCHASER'S SOLICITORS"), the Solicitors for the Purchaser, at
     908 Hutchison House, Central, Hong Kong or any other place as the Parties
     may agree at 5:00 p.m. on a Friday of the week immediately following the
     week when the Approval is granted by the SFC, when the following business
     shall simultaneously be transacted :-

     (a)  the Purchaser shall deliver to the Vendor the following :-

          (i)  a solicitor's cheque for payment of the balance of the
               Consideration and the Vendor's Solicitors will release the
               Deposit to the Vendor; and

          (ii) a certified copy of each of the minutes of the board of directors
               of the Purchaser and the Guarantor approving this

                                       9

<PAGE>

               Agreement and authorizing/confirming the authorization of an
               authorised person for signing of this Agreement and (for the
               Purchaser) the bought note and the instrument of transfer and any
               other incidental documents hereof;

          (b)  the Vendor shall deliver to the Purchaser the following :-

               (i)  sold notes and instrument of transfer in favour of the
                    Purchaser in respect of the Sale Shares all executed by the
                    Vendor in accordance with the Stamp Duty Ordinance;

               (ii) original share certificate(s) or re-issued share
                    certificate(s) in respect of the Sale Shares;

               (iii)such other documents as may be reasonably required to give a
                    good and effective transfer of title to the Sale Shares to
                    the Purchaser and to enable them to become the registered
                    holders thereof;

               (iv) a cheque drawn in favour of the Government of the Hong Kong
                    Special Administrative Region for an amount equivalent to
                    the stamp duty payable under the Stamp Duty Ordinance in
                    respect of the sold notes in respect of the Sale Shares;

               (v)  a certified copy of the minutes of the board of directors of
                    the Vendor (if the Vendor is a corporate) approving the sale
                    of the Sale Shares and authorizing/confirming the
                    authorization of an authorised person for signing of this
                    Agreement and the sold note and the instrument of transfer
                    and any other incidental documents hereof;

               (vi) to the extent that the same are not already in the
                    possession of the Company or its agents, the certificate of
                    incorporation, business registration certificate, common
                    seal of the Company, all copies of memorandum and articles
                    of association of the Company, the statutory books of the
                    Company duly made up to date, any unissued share

                                       10

<PAGE>

                    certificates, all current insurance policies, books and
                    accounts and other records, cheque books, title deeds and
                    evidence of ownership to all assets of the Company and all
                    current contracts;

               (vii) an original of the Disclosure Letter duly executed by the
                    Vendor in the form identical to that attached as Schedule 3
                    hereto or with lesser disclosures;

          (c)  the Vendor shall cause a meeting of the board of directors of the
               Company to be held at which resolutions shall be passed to :-

               (i)  approve the transfer of the Sale Shares;

               (ii) register (subject to stamping) the transfer of the Sale
                    Shares referred to above and to issue new certificate(s) for
                    the Sale Shares in the name(s) of the Purchaser;

               (iii) appoint one person as the Purchaser may nominate as the
                    Chairman of the Company and such person(s) as the Purchaser
                    may nominate as director(s) of the Company and (subject to
                    the approval of the SFC) one person as the Purchaser may
                    nominate as the Responsible Officer of the Company all to
                    take effect from the close of business of the said meeting
                    if so required by the Purchaser; and

               (iv) amend all banking authorisations, instructions and mandates
                    of the Company in such manner as the Purchaser may direct;
                    and

          (d)  the Purchaser shall :-

               (i)  produce for inspection by the Vendor the bought notes in
                    respect of the Sale Shares executed by the Purchaser in
                    compliance with the Stamp Duty Ordinance; and

               (ii) procure the stamping of the bought and sold notes and the
                    instrument of transfer in respect of the Sale Shares as soon

                                       11

<PAGE>

                    as practicable thereafter and present the said instrument of
                    transfer together with the share certificate(s) in respect
                    of the Sale Shares to the Company for registration of the
                    transfer.

4.2  The transactions described in Clause 4.1 hereof shall take place at the
     same time, so that in default of the performance of any such transactions
     by a Party, the other Party shall not be obliged to complete the sale and
     purchase aforesaid.

5.   REPRESENTATIONS AND WARRANTIES AND GUARANTEE

5.1  Save as disclosed in the Disclosure Letter and documents and information
     provided to the Purchaser and/or its advisors, the Vendor hereby represents
     and warrants to the Purchaser that each of the matters set out in Schedule
     2 are as at the date hereof and will be for all times up to and including
     the Completion Date, true and correct in all material respects.

5.2  From the date of this Agreement until the Completion Date the Vendor shall
     use its best endeavours to procure that (save with the prior consent in
     writing or of the Purchaser, such consent not to be unreasonably withheld
     or delayed) the Company shall not :-

     (a)  issue or agree to issue any of its share or loan capital or grant or
          agree to grant any option over or right to acquire any of its share or
          loan capital;

     (b)  enter into any contract (otherwise than in the ordinary course of
          business) or any capital commitment;

     (c)  create or permit to arise any lien, charge, pledge, mortgage or other
          security interest on or in respect of any of its undertaking, property
          or assets;

     (d)  appoint any directors other than as provided in this Agreement; or

     (e)  increase the remuneration of its employees (save as payment of
          discretionary bonus and save that the increase is made pursuant to the

                                       12

<PAGE>

          relevant employment contract)

     and the Vendor shall use its best endeavours to procure that the Purchaser
     be kept regularly informed of the affairs of the Company until the
     Completion Date.

5.3  The liability of the Vendor in respect of any breach of the warranties or
     representations as set out in Schedule 2 shall be limited as follows:-

     (a)  the maximum liability of the Vendor, if any, under this Agreement
          shall be 25% of the Consideration;

     (b)  no claims may be brought against the Vendor in respect of any claim of
          damages for breach of warranty(ies) or representation(s) as set out in
          Schedule 2 after the expiry of six months from the Completion Date.

5.4  In consideration of the Vendor agreeing to enter into this Agreement, the
     Guarantor (as principal obligor and not merely as surety) unconditionally
     and irrevocably guarantees performance by the Purchaser of all its
     obligations and liabilities under or arising out of or in connection with
     this Agreement (referred to herein as the "GUARANTEED OBLIGATIONS") and
     undertakes to the Vendor that if and whenever the Purchaser is in default,
     the Guarantor shall duly and promptly perform or procure such performance
     of the Guaranteed Obligations and indemnify the Vendor against any loss,
     damage, costs, expenses and liabilities that it may suffer in connection
     with or arising out of any such failure on the part of the Purchaser.

6.   SEVERABILITY

     If at any time any one or more provisions hereof is or becomes invalid,
     illegal, unenforceable or incapable of performance in any respect, the
     validity, legality, enforceability or performance of the remaining
     provisions hereof shall not thereby in any way be affected or impaired.

7.   ENTIRE AGREEMENT

     This Agreement constitutes the entire agreement and understanding between

                                       13

<PAGE>

     the Parties in connection with the subject-matter of this Agreement and
     supersedes all previous proposals, representations, warranties, agreements
     or undertakings relating thereto whether oral, written or otherwise and
     none of the Parties has relied on any such proposals, representations,
     warranties, agreements or undertakings.

8.   TIME

8.1  Time shall be of the essence of this Agreement.

8.2  No time or indulgence given by any Party to the other Party shall be deemed
     or in any way be construed as a waiver of any of its rights and remedies
     hereunder.

9.   CONFIDENTIALITY

     Other than such disclosure as may be required by law, the SFC, the Stock
     Exchange or other competent authority, neither of the parties hereto shall
     make any announcement or release or disclose any information concerning
     this Agreement or the transactions herein referred to or disclose the
     identity of the other party(ies) hereto (save disclosure to their
     respective professional advisers under a duty of confidentiality) without
     the written consent of the other parties hereto.

10.  ASSIGNMENT

     This Agreement shall be binding on and shall enure for the benefits of the
     successors and assigns of the Parties but shall not be assigned by any
     party hereto without the prior written consent of the other parties hereto.

11.  NOTICES AND OTHER COMMUNICATION

11.1 Any notice or other communication to be given under this Agreement shall be
     in writing and may be given by hand, by post or facsimile to the following

                                       14

<PAGE>

     address/number of the party hereto to be served or to such other
     address/number as shall be notified by such party to the other in writing:-

The Vendor

Address         :   11th Floor, 22 Kai Cheung Road,
                    Kowloon Bay, Kowloon, Hong Kong

Attention       :   TING WANG Wan-sun, Nancy

Facsimile no.   :   852-2111 9470

The Purchaser

Address         :   Room 908, 9th floor, Hutchison House,
                    10 Harcourt Road, Central, Hong Kong

Attention       :   Mr. Jun Wang

Facsimile no.   :   8610-5832 5200

The Guarantor

Address         :   Room 908, 9th floor, Hutchison House,
                    10 Harcourt Road, Central, Hong Kong

Attention       :   Mr. Jun Wang

Facsimile no.   :   8610-5832 5200

11.2 Any such notice or communication shall be sent to the party hereto to whom
     it is addressed and must contain sufficient reference and/or particulars to
     render it readily identifiable with the subject-matter of this Agreement.
     If so given by hand or facsimile, such notice or communication shall be
     deemed received on the date of despatch and if so sent by post (or, if sent
     to an address outside of Hong Kong, so sent by first class air-mail) shall
     be deemed received two (2) Business Days after the date of despatch (in
     case to an address in Hong Kong) or five (5) Business Days after the date
     of despatch (in case to an address

                                       15

<PAGE>

     outside of Hong Kong).

12.  COSTS AND EXPENSES

     Each party hereto shall bear its own legal and professional fees, costs and
     expenses incurred in the negotiation, preparation and execution of this
     Agreement. The stamp duty in respect of the Sale Shares shall be borne by
     the Vendor and the Purchaser in equal shares.

13.  COUNTERPARTS

     This Agreement may be executed in any number of counterparts each of which
     when executed and delivered is an original, but all the counterparts
     together constitute the same document.

14.  GOVERNING LAW

     This Agreement shall be governed by and construed in accordance with the
     laws of Hong Kong and the parties hereto agree to submit to the
     non-exclusive jurisdiction of the courts of Hong Kong.

15.  PROCESS AGENT

     The Purchaser hereby irrevocably authorizes and appoints the Purchaser's
     Solicitors (or such other person(s), being resident in Hong Kong, as it may
     from time to time appoint as its agent(s) and notify to the Vendor) to
     accept service of all legal process arising out or in connection with this
     Agreement and service on the Purchaser's Solicitors (or such substitute(s))
     shall be deemed to be service on the Purchaser.

                [Remainder of this page intentionally left blank]

                                       16

<PAGE>

IN WITNESS whereof the Parties have executed this Agreement the day and year
first above written.

SIGNED by                                   )
                                            )
a director, for and on                      )
behalf of Eternal Growth                    )
Investment Limited                          )
in the presence of :-                       )

SIGNED by Mr. Jun Wang                      )
(Chinese Characters), the lawful attorney   )
for and on behalf of FNG                    )
International Holdings                      )
Limited in the presence of :-               )

SIGNED by Mr. Jun Wang                      )
(Chinese Characters), the lawful attorney   )
for and on behalf of China                  )
Finance Online Co. Limited                  )
in the presence of :-                       )

                                       17

<PAGE>

                                   SCHEDULE 1

                           PARTICULARS OF THE COMPANY

1.  Name                       :   Daily Growth Investment Company Limited
                                   (Chinese Characters)

2.  Registered office          :   Room 603, Peter Building, 58-62 Queen's Road,
                                   Central, Hong Kong.

3.  Company Number             :   025436

4.  Date of Incorporation      :   6 October 1971

5.  Place of Incorporation     :   Hong Kong

6.  Authorised share capital   :   HK$10,000,000 divided into 100,000 ordinary
                                   shares of HK$100 each

7.  Issued and paid up capital :   HK$10,000,000 divided into 100,000 ordinary
                                   shares of HK$100 each

8.  Directors                  :   TING WANG Wan-sun, Nancy
                                   WAI CHAN Ye, Kannie
                                   WAI Heung-wah, Hayles
                                   YEH WANG Zung-sing, Helen
                                   WONG Long-sau, Ivis

9.  Secretary                  :   Hang Cheuk Secretaries Limited

10  Auditors                   :   J Kong & Co.

11. Financial year end         :   31 December

                                       18

<PAGE>

                                   SCHEDULE 2

                         REPRESENTATIONS AND WARRANTIES

General; Corporate Status

1.1  All information regarding the Company provided by or on behalf of the
     Vendor and/or the Company to the Purchaser is complete, correct and true in
     a material respect.

1.2  The Company has been duly incorporated and constituted, and is legally
     subsisting under the laws of its place of incorporation, and there has been
     no resolution, petition or order for the winding-up of the Company and no
     receiver has been appointed in respect thereof, nor are any such
     resolutions, orders and appointments imminent or likely.

Shareholdings and Share Capital etc.

2.1  The Sale Shares comprise a percentage (as referred to in Recital (B)) of
     the issued share capital of the Company, and there are not in issue any
     other shares, debentures, warrants, options or securities.

2.2  The Company is not under any contract, options, warrants or any other
     obligations regarding any part of its capital, issued or unissued, or for
     the issue of any shares, debentures, warrants, options, or other similar
     securities.

2.3  Save as disclosed in the Disclosure Letter, the Vendor has acquired the
     Shares in compliance with the articles of association of the Company and
     the laws under the Companies Ordinance and is the beneficial owner of the
     Sale Shares free from all liens, charges, pledges, options, contracts,
     preemption rights, third party rights and equities, and incumbrances of
     whatever nature and the same are freely transferable by the Vendor without
     the consent, approval, permission, licence or concurrence of any third
     party.

2.4  The Vendor is fully capable of entering into this Agreement and to perform
     all

                                       19

<PAGE>

     obligations and duties hereunder without the consent, approval, permission,
     licence or concurrence of any third party.

Business etc.

3.1  The principal business activity of the Company is security trading.

3.2  In respect of the said business being carried on, all qualifications,
     registrations, licences or other approvals necessary for the proper conduct
     of business have been obtained and maintained and to the knowledge of the
     Vendor, all the relevant rules and regulations of the SFC and the Stock
     Exchange applicable to the Company have been observed and complied with in
     a material respect and no event has occurred whereby any of the same or the
     renewal thereof is or likely to be thereby adversely affected, suspended or
     revoked.

Accounts

4.1  The Accounts have been prepared in accordance with generally accepted
     accounting practice in Hong Kong and comply with the Companies Ordinance,
     and show a true and fair view of the affairs and financial position of the
     Company as at, and the profits and loss of the Company for the period ended
     on, the Accounts Date.

4.2  All accounting records of the Company for the past seven (7) years are in
     the possession of the Company and have been properly written up, kept and
     maintained in accordance with generally accepted accounting practice and
     together shows a true and fair view of the affairs and financial position
     of the Company.

Taxation

5.1  The Company has paid all taxes, duties and levies as the same became due
     and payable and to the knowledge of the Vendor, the Company is not nor is
     likely to be subject to any tax penalties.

                                       20

<PAGE>

5.2  The Company has complied with the Inland Revenue Ordinance and has kept
     proper records for tax purposes for the past seven (7) years and have filed
     all tax returns, and to the knowledge of the Vendor, there is no pending
     dispute with the Inland Revenue Department.

Dispute, Claims and Litigation

6.   There is no claim, arbitration or litigation to which the Company is a
     party or which, to the knowledge of the Vendor, is pending or threatened.

Repetition at Completion

7.   All warranties and representations contained in the foregoing provisions of
     this Schedule shall be deemed to be repeated immediately before completion
     of this Agreement and to relate to the facts then existing.

                                       21

<PAGE>

                                   SCHEDULE 3

                            FORM OF DISCLOSURE LETTER

[DATE]

FNG INTERNATIONAL HOLDINGS LIMITED
Trident Chambers, P.O. Box 146,
Road Town, Tortola, British Virgin Islands

Dear Sirs,

                                DISCLOSURE LETTER

This is the Disclosure Letter referred to in the Sale and Purchase Agreement
dated [DATE] and entered into by and between Eternal Growth Investment Limited,
FNG International Holdings Limited and China Finance Online Co. Limited (the
"Agreement"). Capitalized terms appearing in this letter shall adopt the same
meaning as defined in the Agreement.

A.   GENERAL DISCLOSURES

The following matters are deemed to be disclosed by this letter:

1.   AGREEMENT: All matters set out or referred to in the Agreement, including,
     without limitation, all schedules and documents annexed thereto and any
     other agreements entered into pursuant to, or contemplated by, the
     Agreement.

2.   COMPANIES REGISTRY: All matters registered against, or which would be
     disclosed by a search made in respect of the Company at the Companies
     Registry in Hong Kong.

3.   ACCOUNTS: All matters disclosed, provided for, noted or referred to in the
     audited accounts of the Company which have been provided to the Purchaser.

4.   INSPECTION: All matters which have or ought reasonably to have, been
     disclosed by inspection of the statutory books, books of account and
     business records of

                                       22

<PAGE>

     the Company, all of which have been made available to the Purchaser and/or
     its advisers for inspection.

5.   OTHERS MATTERS DISCLOSED: All matters set out or referred to in any letter,
     note, schedule or other document from or provided by the Vendor, the
     Company and/or their advisers and/or agents to the Purchaser and/or its
     advisers and/or agents in connection with the sale and purchase of the Sale
     Shares. Where any such letter, note, schedule or other document includes an
     expression of opinion, no representation or warranty is given as to its
     accuracy.

B.   SPECIFIC DISCLOSURE

We write to disclose the following and the paragraph numbers used below
correspond to the representations and warranties as set out in Schedule 2 to the
Agreement:

Paragraphs 1.1 and 2.3

The following documents cannot be found in the company kit of the Company or
located by the Vendor or are incomplete. As such, no representation and warranty
will be made on these missing or incomplete documents :-

1.   Original corporate documents from the date of incorporation to the year of
     1987;

2.   Original transfer documents (including instrument of transfer and bought
     and sold notes) in respect of the transfer of 1 share from Helen Zung Sing
     Yeh to Shun Kin Enterprises Limited on 20th February 1987;

3.   Original cancelled share certificate in the names of Helen Zung Sing Yeh
     and Shun Kin Enterprises Limited;

4.   Original Application for 42,300 shares made on 24th February 1987 - 8 sets;

5.   Original share certificates in respect of the allotment made on 24th
     February 1987;

6.   Original transfer documents (including instrument of transfer and bought
     and sold notes) in respect of the transfer of 5,000 shares from Mr. Basil
     D.C. Wood to Mrs. Nancy Ting on 26th April 1988;

7.   Original share certificates in respect of the transfer made on 26th April
     1988;

8.   Original transfer documents (including instruments of transfer and bought
     and sold notes) in respect of the transfer of 20,525 shares in respect of
     the following transfer:

     Mr. Basil D.C. Wood to Midopa Enterprises Limited - 7,610 shares on

                                       23

<PAGE>

     21.7.1988

     Mrs. Wendy Wood to Midopa Enterprises Limited - 1,694 shares on 21.7.1988

     Mr. Hsu Zing Ping to Midopa Enterprises Limited - 3,196 shares on 21.7.1988

     Mr. Hsu Zing Ping to Billion System Co., Limited - 2,500 shares on
     21.7.1988

     Mr. Hsu Zing Ping to Mrs. Wang Zau Chin Ngo - 240 shares on 21.7.1988

     Mr. Hsu Zing Ping to Eternal Growth Investment Ltd. - 525 shares on
     21.7.1988

     Mr. Koo Kam Kang to Eternal Growth Investment Ltd. - 4,760 shares on
     21.7.1988

9.   Original share certificates in respect of the transfer made on 21.7.1988;

10.  Original transfer documents (including instruments of transfer and bought
     and sold notes) in respect of the transfer of 7,715 shares in respect of
     the following transfer:

     Ms. Nancy Ting to Ho Chi Kuen Bernard - 2,000 shares on 29.7.1988

     Ms. Nancy Ting to Billion System Co., Ltd. - 2,500 shares on 29.7.1988

     Ms. Nancy Ting to Stella Wong - 545 shares on 29.7.1988

     Shun Kin Ent. Ltd. to Stella Wong - 195 shares on 29.7.1988

     Eileen Hwa to Stella Wong - 260 shares on 29.7.1988

     Ms. Nancy Ting to Eternal Growth Inv. Ltd. - 2,215 shares on 29.7.1988

11.  Original share certificates in respect of the transfer made on 29.7.1988

12.  Original transfer documents (including instrument of transfer and bought
     and sold notes) in respect of the transfer of 2,000 shares in respect of
     the transfer from Eileen Hwa to Wong Oi Lun, Ellen on 17.3.1989;

13.  Original share certificates in respect of the transfer made on 17.3.1989;

14.  Form X(ii) or Form (IXA) showing the resignation of Ms. Stella Wong as the
     director of the Company made on 1.4.1989;

15.  Original transfer documents (including instruments of transfer and bought
     and sold notes) in respect of the transfer of 2,000 shares in respect of
     the following transfer:

     Wong Oi Lun Ellen to Stella Wong - 1,000 shares on 31.5.1990

     Wong Oi Lun Ellen to Tsang Kin Woo - 500 shares on 31.5.1990

     Wong Oi Lun Ellen to Chu Ping Im - 500 shares on 31.5.1990

16.  Original share certificates in respect of the transfer made on 31.5.1990

17.  Original transfer documents (including instrument of transfer and bought
     and sold notes) in respect of the transfer of 2,000 shares in respect of
     the following transfer:

     Bernard Ho to Zone Bo Ltd. - 2,000 shares on 19.7.1990

18.  Original share certificates in respect of the transfer made on 19.7.1990

19.  Copy of Consent to act as director of the Company by Mr. Yap E. Hock on

                                       24

<PAGE>

     9.12.1992

20.  A letter dated 10th October 1994, from King Cause Limited and Asian Capital
     Partners (HK) Limited reporting that 10 share certificates for 50,000
     shares have been mislaid and requesting 2 share certificates be issued to
     them

21.  Original transfer documents (including instrument of transfer and bought
     and sold notes) in respect of the transfer of 50,000 shares in respect of
     the following transfer: King Cause Ltd.to Billion System Co. Ltd.- 5,000
     shares on 12.12.1994;

     King Cause Ltd. to Eternal Growth Investment Ltd.- 7,500 shares on
     12.12.1994;

     King Cause Ltd. to Midpoa Enterprises Limited- 12,500 shares on 12.12.1994;

     King Cause Ltd. to Shun Kin Ent. Limited- 17,500 shares on 12.12.1994;

     King Cause Ltd. to Wang Zau Chin Ngo- 2,500 shares on 12.12.1994;

     King Cause Ltd. to Tsang Kin Woo- 499 shares on 12.12.1994;

     King Cause Ltd. to Chu Ping Im - 500 shares on 12.12.1994

     King Cause Ltd. to Stella Wong- 2,000 shares on 12.12.1994;

     King Cause Ltd. to Zone Bo Limited- 2,000 shares on 12.12.1994;

     King Cause Ltd. and Asian Capital Partners (HK) Limited to Tsang Kin Woo- 1
     share on 12.12.1994;

22.  Original share certificates in respect of the transfer made on 12.12.1994;

23.  Original Declaration of Trust given by King Cause Limited and Asian Capital
     Partners (HK) Limited on 9.12.1992;

24.  Copy of Form D2 and Consent to act reporting the appointment of Mr. Ho Chi
     Kuen as the director of the company;

25.  Original transfer documents (including instrument of transfer and bought
     and sold notes) in respect of the transfer of 5,000 shares in respect of
     the following transfer:

     Billion System Co. Ltd. to Zone Bo Ltd.- 500 shares on 15.12.2000;

     Billion System Co. Ltd. to Eternal Growth Inv. Ltd.- 500 shares on
     15.12.2000;

     Billion System Co. Ltd. to Midopa Enterprises Ltd.- 1,250 shares on
     15.12.2000;

     Billion System Co. Ltd. to Shun Kin Enterprises Ltd.- 1,750 shares on
     15.12.2000;

     Billion System Co. Ltd. to Tsang Kin Woo- 500 shares on 15.12.2000;

     Billion System Co. Ltd. to Chu Ping Im- 500 shares on 15.12.2000;

26.  Original share certificates in respect of the transfer made on 15.12.2000;

27.  Original Share Certificate of Wang William;

28.  Original Board Minutes for approving the share transfer from Zone Bo
     Limited to Hung Yung made on 22.06.2007;

                                       25
<PAGE>

29.  Share Certificate of Hung Yung in respect of 5,000 shares;

30.  Original Consent to Short Notice dated 16.03.1987 - Elieen Hwa Wang Vung
     Sing (with the signature of Elieen missing); and

31.  Original Consent to Short Notice for 2005 AGM dated 30.05.2005 (missing
     signatures from Midopa Enterprises Limited, Wong Chan Miu Wan Stella, Chu
     Ping Im, Tsang Kin Woo).

Yours sincerely,

-------------------------------------
Eternal Growth Investment Limited

                                       26<PAGE>

                                                                    Exhibit 4.67

February 26, 2008

Mr. Lee Kheng Nam, Chairman of the Audit Committee
The Audit Committee of China Finance Online Co. Limited

Mr. Zhao Zhiwei
Chief Executive Officer
China Finance Online Co. Limited
9th Floor of Tower C, Corporate Square
No. 35 Financial Street, Xicheng Street
Beijing, 100032
The People's Republic of China

Dear Sirs,

This letter is to confirm various matters relating to the engagement of Deloitte
Touche Tohmatsu CPA Ltd. ("DTTC") to serve as the independent registered public
accounting firm of China Finance Online Co., Ltd.(the "Company"). This
engagement letter will replace any previous oral or written agreements (other
than any waiver given to us by the Company) which may have existed between the
Company and us relating to the engagement, and governs the totality of our
relationship with the Company in respect of the work to be done as described
herein.

In addition to the audit and review services we are engaged to provide under
this engagement letter, we would also be pleased to assist the Company on issues
as they arise throughout the year. Hence, we hope that you will call Mr. Taylor
Lam or Ms. Elsie Zhou whenever you believe DTTC can be of assistance. This
assistance will require approval by the Company's audit committee (the "Audit
Committee") in accordance with its preapproval policies and procedures.

We will perform this engagement subject to the terms and conditions set forth
herein and in the accompanying appendices.

<PAGE>

February 26, 2008
China Finance Online Co. Limited
Page 2

This letter sets out the terms of our engagement under the following main
headings:

1.   audit of consolidated financial statements and the effectiveness of the
     Company's internal control over financial reporting;

2.   reviews of interim financial information and performance of quarterly
     procedures;

3.   management's responsibilities;

4.   Audit Committee's responsibility and auditor communications;

5.   our service team;

6.   fees;

7.   inclusion of DTTC reports or references to DTTC in other documents or
     electronic sites;

8.   termination;

9.   law and jurisdiction;

10.  limitation on actions;

and governs the totality of our relationship with you in respect of the work to
be done as described herein.

1.   AUDIT OF CONSOLIDATED FINANCIAL STATEMENTS AND THE EFFECTIVENESS OF THE
     COMPANY'S INTERNAL CONTROL OVER FINANCIAL REPORTING

     Our engagement is to perform an integrated audit in accordance with the
     standards of the Public Company Accounting Oversight Board (United States)
     (the "PCAOB Standards"). The objectives of an integrated audit conducted in
     accordance with the PCAOB Standards are:

     -    To express an opinion on the fairness of the presentation of the
          Company's consolidated financial statements for the year ended
          December 31, 2007 in conformity with accounting principles generally
          accepted in the United States of America ("generally accepted
          accounting principles"), in all material respects

     -    To express an opinion on the effectiveness of the Company's internal
          control over financial reporting as of December 31, 2007 based on the
          criteria established in Internal Control--Integrated Framework issued
          by the Committee of Sponsoring Organizations of the Treadway
          Commission (the "COSO Framework").

     Appendix A contains a description of an integrated audit under the PCAOB
     Standards.

     Our ability to express such opinions and the wording thereof will, of
     course, be dependent on the facts and circumstances at the date of our
     reports. If, for any reason, we are unable to complete the integrated audit
     or are unable to form or have not formed such opinions, we may decline to
     express any opinion or decline to issue any report as a result of this
     engagement. If we are unable to complete our integrated audit or if any
     report to be issued by DTTC as a result of this engagement requires
     modification, the reasons therefore will be discussed with the Audit
     Committee and the Company's management.

<PAGE>

February 26, 2008
China Finance Online Co. Limited
Page 3

2.   REVIEWS OF INTERIM FINANCIAL INFORMATION

     We will also perform reviews of the Company's interim financial information
     in accordance with the PCAOB Standards for the quarter ending December 31,
     2007 and each of the three quarters in the period ending September 30,
     2008, prepared for the Company's earnings release to be filed on Form 6-K
     for submission to the Securities and Exchange Commission (the "SEC"). The
     objective of reviews of interim financial information performed in
     accordance with the PCAOB Standards is to provide us with a basis for
     communicating whether we are aware of any material modifications that
     should be made to the interim financial information for it to conform with
     generally accepted accounting principles.

     Appendix B contains a description of an interim review under the PCAOB
     Standards.

     If we become aware of material modifications that should be made to the
     interim financial information for it to conform with generally accepted
     accounting principles or if we become aware of deficiencies in internal
     control over financial reporting so significant that they would preclude
     management's preparation of interim financial information in conformity
     with generally accepted accounting principles, we may be precluded from
     completing our review. However, should such circumstance arise, we would
     advise the Audit Committee and the Company's management that we are unable
     to complete the review and identify the deficiencies that preclude the
     completion of our review.

3.   MANAGEMENT'S RESPONSIBILITIES

     Appendix C describes management's responsibilities for (1) the financial
     statements and the effectiveness of internal control over financial
     reporting, (2) representation letters, (3) the process for obtaining
     preapproval of services, (4) independence matters relating to financial
     interests and providing certain services, and (5) independence matters
     relating to hiring.

4.   AUDIT COMMITTEE'S RESPONSIBILITY AND AUDITOR COMMUNICATIONS

     As the independent registered public accounting firm of the Company, we
     acknowledge that the Audit Committee is directly responsible for the
     appointment, compensation, and oversight of our work and, accordingly,
     except as otherwise specifically noted, we will report directly to the
     Audit Committee. You have advised us that the services to be performed
     under this engagement letter, including, where applicable, the use by DTTC
     of affiliates or related entities as subcontractors in connection with this
     engagement, have been approved by the Audit Committee in accordance with
     the Audit Committee's established preapproval policies and procedures.

     Under the PCAOB Standards and Rule 2-07 of SEC Regulation S-X, we are
     required to communicate with the Audit Committee about various matters in
     connection with our integrated audit and reviews of the related interim
     financial information. Appendix D describes such communications.

<PAGE>

February 26, 2008
China Finance Online Co. Limited
Page 4

5.   OUR SERVICE TEAM

     5.1  Mr. Taylor Lam and Ms. Elsie Zhou, Partners of DTTC will be in charge
          of this engagement, while Lili Shan and Xiaogang Tong, managers of
          DTTC will be responsible for controlling the engagement on a day to
          day basis. A team of professionals from DTTC, and/or other member
          firms of Deloitte Touche Tohmatsu, their subsidiaries or affiliates
          may support the engagement as we see fit. We reserve the right to
          change personnel responsible for the engagement with others of similar
          competence.

     5.2  Deloitte Touche Tohmatsu is a worldwide organisation of separate
          individual partnerships and companies. Deloitte and/or "(Chinese
          Characters)" refer to one or more of Deloitte Touche Tohmatsu, a Swiss
          Verein, its member firm, and their respective subsidiaries and
          affiliates. As a Swiss Verein (association), neither Deloitte Touche
          Tohmatsu nor any of its member firms has any liability for each
          other's acts or omissions. Each of the member firms is a separate and
          independent legal entity operating under the names "Deloitte",
          "Deloitte & Touche", "Deloitte Touche Tohmatsu", "(Chinese
          Characters)" or other related name. The services described herein are
          provided by the member firms and not by the Deloitte Touche Tohmatsu
          Verein.

     5.3  This engagement letter is between you and DTTC only. In the course of
          providing the services DTTC may, at its discretion, draw on the
          resources of other Deloitte Touche Tohmatsu member firms,
          partnerships, companies or their subsidiaries and affiliates ("other
          Deloitte Firms"). Any partner, director or employee of any other
          Deloitte Firms who deal with you in connection with our services does
          so on behalf of DTTC alone. DTTC accepts responsibility for the
          actions of any partner, director or employee of any other Deloitte
          Firms assisting in the provision of our services as set out herein.

     5.4  The provisions of Section 6.3 above have been stipulated by DTTC
          expressly for the benefit of other Deloitte Firms, their partners,
          directors and employees (together "the Beneficiaries"). You agree that
          each of the Beneficiaries shall have the right to rely on this Section
          6 as if they were parties to this engagement letter. Each other
          Deloitte Firms which agree to assist in the provision of our services
          does so in reliance on the protections afforded to it by Sections 6.3
          and 6.4, the benefit of which we formally accept on their behalf.

<PAGE>

February 26, 2008
China Finance Online Co. Limited
Page 5

6.   FEES

     We estimate that our fees for the integrated audit and the reviews of the
     related interim financial information for the year ended December 31, 2007
     will be the amounts in US$ equivalent to RMB4,760,000, plus business tax,
     at the prevailing exchange rate announced by the people's bank of China on
     the dates when fee note is billed. Based on the anticipated timing of the
     work, our fees for the integrated audit and the reviews of the related
     interim financial information will be billed approximately as follows:

<TABLE>
<CAPTION>
INVOICE DATE                              AMOUNT
------------                            ---------
<S>                                     <C>
Upon signing of the engagement letter   4,140,000
June 6                                    260,000
August 15, 2008                           250,000
November 15, 2008                         250,000
</TABLE>

     We anticipate sending invoices for the integrated audit according to the
     schedule above, and payments are due on receipt.

     We will notify you promptly of any circumstances we encounter that could
     significantly affect our estimates and discuss with you any additional
     fees, as necessary. Additional services provided beyond the scope of
     services described herein will be billed separately.

7.   INCLUSION OF DTTC REPORTS OR REFERENCES TO DTTC IN OTHER DOCUMENTS OR
     ELECTRONIC SITES

     If the Company intends to publish or otherwise reproduce in any document
     any report issued as a result of this engagement, or otherwise make
     reference to DTTC in a document that contains other information in addition
     to the audited financial statements (e.g., in a periodic filing with the
     SEC or other regulator, in a debt or equity offering circular, or in a
     private placement memorandum), thereby associating DTTC with such document,
     the Company agrees that its management will provide DTTC with a draft of
     the document to read and obtain our approval for the inclusion or
     incorporation by reference of any of our reports, or the reference to DTTC,
     in such document before the document is printed and distributed. The
     inclusion or incorporation by reference of any of our reports in any such
     document would constitute the reissuance of such reports. The Company also
     agrees that its management will notify us and obtain our approval prior to
     including any of our reports on an electronic site.

<PAGE>

February 26, 2008
China Finance Online Co. Limited
Page 6

     Our engagement to perform the services described herein does not constitute
     our agreement to be associated with any such documents published or
     reproduced by or on behalf of the Company. Any request by the Company to
     reissue any report issued as a result of this engagement, to consent to any
     such report's inclusion or incorporation by reference in an offering or
     other document, or to agree to any such report's inclusion on an electronic
     site will be considered based on the facts and circumstances existing at
     the time of such request. The estimated fees outlined herein do not include
     any services that would need to be performed in connection with any such
     request; fees for such services (and their scope) would be subject to the
     mutual agreement of the Company and DTTC at such time as DTTC is engaged to
     perform the services and would be described in a separate engagement
     letter.

8.   TERMINATION

     DTTC reserves the right to resign from this engagement by giving you
     reasonable notice (taking account of the circumstances of the case) in
     writing if there arise any circumstances, including regulatory
     requirements, which in the opinion of DTTC, makes it inadvisable for DTTC
     to continue to provide the service to you as set out in this engagement
     letter.

     In any event of termination of this engagement, you and DTTC agree that
     DTTC shall be entitled to a reasonable fee according to DTTC's contribution
     and involvement in this engagement or the relevant transaction up to the
     date of termination. DTTC accepts no liability whatsoever in relation to
     the termination of engagement as a result of this clause.

9.   LAW AND JURISDICTION

     The terms of our engagement shall be governed in all respect by the laws of
     the Hong Kong Special Administrative Region ("HKSAR") and the courts of the
     HKSAR shall have exclusive jurisdiction over any dispute which may arise in
     any way in connection with this engagement or any work or assignment
     arising from same. However, notwithstanding the above, we reserve the right
     to take legal action in the courts of any appropriate jurisdiction to
     recover any fees owing to us by you.

10.  LIMITATION ON ACTIONS

     No action, regardless of form, arising hereunder or relating to this
     engagement, may be brought by either party more than three years after the
     cause of action has accrued except that an action for non-payment of fees
     may be brought by a party not later than three years following the date of
     the last payment due to such party hereunder.

<PAGE>

February 26, 2008
China Finance Online Co. Limited
Page 7

This engagement letter, including the appendices attached hereto and made a part
hereof, constitutes the entire agreement between the parties with respect to
this engagement and supersedes all other prior and contemporaneous agreements or
understandings between the parties, whether written or oral, relating to this
engagement.

If the above terms are acceptable and the services described are in accordance
with your understanding, please sign the copy of this engagement letter in the
space provided and return it to us.

Yours faithfully,

Acknowledged and approved on behalf of
the Audit Committee of China Finance Online Co. Limited :

By: /s/
Title:
Date:

Accepted and agreed to by China Finance Online Co. Limited:

By: /s/
Title:
Date:

<PAGE>

                                                                      APPENDIX A

DESCRIPTION OF AN INTEGRATED AUDIT UNDER THE PCAOB STANDARDS
CHINA FINANCE ONLINE CO. LIMITED
YEAR ENDED DECEMBER 31, 2007 AND THREE QUARTERS ENDING SEPTEMBER 30, 2008

COMPONENTS OF AN INTEGRATED AUDIT

An integrated audit includes the following:

     -    Examining, on a test basis, evidence supporting the amounts and
          disclosures in the financial statements

     -    Inquiring directly of the Audit Committee regarding its views about
          the risk of fraud and whether the Audit Committee has knowledge of any
          fraud or suspected fraud affecting the Company

     -    Assessing the accounting principles used and significant estimates
          made by management

     -    Evaluating the overall financial statement presentation

     -    Examining, on a test basis, evidence supporting the design and
          operating effectiveness of the Company's internal control over
          financial reporting

     -    Evaluating the effectiveness of the Company's internal control over
          financial reporting

REASONABLE ASSURANCE

An integrated audit is planned and performed to obtain reasonable, rather than
absolute, assurance about (1) whether the financial statements are free of
material misstatement, whether caused by error or fraud, and (2) whether
material weaknesses exist as of the date specified in management's assessment of
the effectiveness of the Company's internal control over financial reporting.
Because of the characteristics of fraud, a properly planned and performed audit
may not detect a material misstatement or material weakness. Accordingly, there
is some risk that a material misstatement of the financial statements or a
material weakness in internal control over financial reporting would remain
undetected. Also, an integrated audit is not designed to detect error or fraud
that is immaterial to the financial statements or deficiencies in internal
control over financial reporting that, individually or in combination, are less
severe than a material weakness.

<PAGE>

                                                          APPENDIX A - CONTINUED

INHERENT LIMITATIONS OF INTERNAL CONTROL OVER FINANCIAL REPORTING

Because of the inherent limitations of internal control over financial
reporting, including the possibility of collusion or management override of
controls, material misstatements due to error or fraud may occur and not be
detected. Also, projections of any evaluation of the internal control over
financial reporting to future periods are subject to the risk that the internal
control may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.

<PAGE>

                                                                      APPENDIX B

DESCRIPTION OF AN INTERIM REVIEW UNDER THE PCAOB STANDARDS
CHINA FINANCE ONLINE CO. LIMITED
YEAR ENDED DECEMBER 31, 2007 AND THREE QUARTERS ENDING SEPTEMBER 30, 2008

A review of interim financial information is substantially less in scope than an
audit in accordance with the PCAOB Standards, the objective of which is to
express an opinion on the financial statements taken as a whole. Accordingly, a
review will not result in the expression of an opinion concerning the fairness
of the presentation of the interim financial information in conformity with
generally accepted accounting principles and cannot be relied on to reveal all
significant matters that would be disclosed in an audit.

A review consists principally of applying analytical procedures to pertinent
financial data and making inquiries of and evaluating responses from certain
management personnel of the Company who have responsibility for financial and
accounting matters.

A review also includes obtaining sufficient knowledge of the Company's business
and its internal control as it relates to the preparation of both annual and
interim financial information to identify the types of potential material
misstatements in the interim financial information, to consider the likelihood
of their occurrence, and to select the inquiries and analytical procedures that
will provide us with a basis for communicating whether we are aware of any
material modifications that should be made to the interim financial information
for it to conform with generally accepted accounting principles. A review is not
designed to provide assurance on internal control or to identify control
deficiencies.

<PAGE>

                                                                      APPENDIX C

MANAGEMENT'S RESPONSIBILITIES
CHINA FINANCE ONLINE CO. LIMITED
YEAR ENDED DECEMBER 31, 2007 AND THREE QUARTERS ENDING SEPTEMBER 30, 2008

FINANCIAL STATEMENTS AND THE EFFECTIVENESS OF INTERNAL CONTROL OVER FINANCIAL
REPORTING

The overall accuracy of the financial statements, including interim financial
information, and their conformity with generally accepted accounting principles
is the responsibility of the Company's management. The assessment of the
effectiveness of internal control over financial reporting to comply with
Section 404 of the Sarbanes-Oxley Act of 2002 and related SEC rules and
regulations is also the responsibility of the Company's management. In this
regard, management has the responsibility for, among other things:

     -    Establishing and maintaining effective internal control over financial
          reporting and informing DTTC of all deficiencies in the design or
          operation of internal control over financial reporting identified by
          management, including separately disclosing to DTTC all such
          deficiencies that management believes to be significant deficiencies
          or material weaknesses in internal control over financial reporting.

     -    Informing DTTC of any significant changes in the design or operation
          of the Company's internal control over financial reporting that
          occurred during each fiscal quarter or subsequent to the date being
          reported on

     -    Identifying and ensuring that the Company complies with the laws and
          regulations applicable to its activities and informing us of any known
          material violations of such laws or regulations

     -    Adjusting the financial statements to correct material misstatements

     -    Making all financial records and related information available to us.

REPRESENTATION LETTERS

We will make specific inquiries of the Company's management about the
representations embodied in the financial statements and management's assessment
of the effectiveness of the Company's internal control over financial reporting.
Additionally, we will request that management provide to us the written
representations the Company is required to provide to its independent registered
public accounting firm under the PCAOB Standards. As part of our integrated
audit procedures, we will request that management provide us with a
representation letter that includes, among other things:

<PAGE>

                                                          APPENDIX C - CONTINUED

     -    Acknowledgment of management's responsibility for the preparation of
          the financial statements and for establishing and maintaining
          effective internal control over financial reporting.

     -    Affirmation of management's belief that the effects of any uncorrected
          financial statement misstatements aggregated by us during the current
          audit engagement and pertaining to the latest period presented are
          immaterial, both individually and in the aggregate, to the financial
          statements taken as a whole.

     -    Acknowledgment that management disclosed to us all deficiencies in the
          design or operation of internal control over financial reporting
          identified by management, including separately disclosing to us all
          such deficiencies that management believes to be significant
          deficiencies or material weaknesses in internal control over financial
          reporting.

We will also request that management confirm certain representations made to us
during our audit. The responses to those inquiries and related written
representations of management required by the PCAOB Standards are part of the
evidential matter that DTTC will rely on in forming its opinions.

We will request a similar representation letter as part of our interim reviews,
including representations about the disclosures related to changes in internal
control over financial reporting that have materially affected, or are
reasonably likely to materially affect, internal control over financial
reporting.

PROCESS FOR OBTAINING PREAPPROVAL OF SERVICES

Management is responsible for the coordination of obtaining the preapproval of
the Audit Committee, in accordance with the Audit Committee's preapproval
process, for any services to be provided by DTTC to the Company.

INDEPENDENCE MATTERS RELATING TO FINANCIAL INTERESTS AND PROVIDING CERTAIN
SERVICES

In connection with our engagement, DTTC, management, and the Audit Committee
will assume certain roles and responsibilities in an effort to assist DTTC in
maintaining independence and ensuring compliance with the securities laws and
regulations. DTTC will communicate to its partners, principals, and employees
that the Company is an attest client. Management of the Company will ensure that
the Company, together with its subsidiaries and other entities that comprise the
Company for purposes of the consolidated financial statements, has policies and
procedures in place for the purpose of ensuring that neither the Company nor any
such subsidiary or other entity will act to engage DTTC or accept from DTTC any
service that either has not been subjected to their preapproval process or that
under SEC or other applicable rules would impair DTTC's independence. All
potential services are to be discussed with Mr. Taylor Lam or Ms. Elsie Zhou.

<PAGE>

                                                          APPENDIX C - CONTINUED

In connection with the foregoing, the Company agrees to furnish to DTTC and keep
DTTC updated with respect to (1) a corporate tree that identifies the legal
names of the Company's affiliates (e.g., parents, subsidiaries, investors, or
investees), together with the ownership relationship among such entities, and
(2) equity and debt securities of the Company and its affiliates (including,
without limitation, tax-advantaged debt of such entities that is issued through
governmental authorities) that are available to individual investors (whether
through stock, bond, commodity, futures or similar markets, or equity, debt, or
any other securities offerings), together with related securities identification
information (e.g., ticker symbols or CUSIP(R), ISIN(R), or Sedol(R) numbers).
The Company acknowledges and consents that such information may be treated by
DTTC as being in the public domain.

INDEPENDENCE MATTERS RELATING TO HIRING

Management will coordinate with DTTC to ensure that DTTC's independence is not
impaired by hiring former or current DTTC partners, principals, or professional
employees for certain positions. Management of the Company will ensure that the
Company, together with its subsidiaries and other entities that comprise the
Company for purposes of the consolidated financial statements, also has policies
and procedures in place for purposes of ensuring that DTTC's independence will
not be impaired by hiring a former or current DTTC partner, principal, or
professional employee in an accounting role or financial reporting oversight
role that would cause a violation of securities laws and regulations. Any
employment opportunities with the Company for a former or current DTTC partner,
principal, or professional employee should be discussed with Mr. Taylor Lam or
Ms. Elsie Zhou and approved by the Audit Committee before entering into
substantive employment conversations with the former or current DTTC partner,
principal, or professional employee, if such opportunity relates to serving (1)
as chief executive officer, controller, chief financial officer, chief
accounting officer, or any equivalent position for the Company or in a
comparable position at a significant subsidiary of the Company; (2) on the
Company's board of directors; (3) as a member of the Audit Committee; or (4) in
any other position that would cause a violation of securities laws and
regulations.

For purposes of the preceding four paragraphs, "DTTC" shall include Deloitte
Touche Tohmatsu CPA Ltd., its partners, directors, consultants and employees,
and to the extent providing services under the engagement letter to which these
terms are attached, any member firm of Deloitte Touche Tohmatsu, their
subsidiaries and affiliates and all of their partners, principals, members,
owners, directors, staff and agents, and in all cases any successor or assignee.
This paragraph is additional to and shall not be taken to detract from Sections
6.3 and 6.4 of the engagement letter to which these terms are annexed.

<PAGE>

                                                                      APPENDIX D

AUDIT COMMITTEE COMMUNICATIONS
CHINA FINANCE ONLINE CO. LIMITED
YEAR ENDED DECEMBER 31, 2007 AND THREE QUARTERS ENDING SEPTEMBER 30, 2008

INDEPENDENCE COMMUNICATIONS

We have the responsibility to comply with the requirements of the securities
laws and regulations administered by the SEC regarding auditor independence. To
demonstrate compliance with those requirements and in accordance with
Independence Standards Board Standard No. 1, Independence Discussions with Audit
Committees ("Independence Standard No. 1"), we will disclose to the Audit
Committee, in writing, all relationships between DTTC and the Company and its
related entities, that in our professional judgment may reasonably be thought to
bear on our independence and confirm to the Audit Committee in such letter
whether, in our professional judgment, we are independent of the Company within
the meaning of the securities laws and regulations. We also will discuss our
independence with the Audit Committee in accordance with Independence Standard
No. 1. For purposes of this paragraph, "DTTC" shall mean DTTC and its
subsidiaries; Deloitte Touche Tohmatsu, its member firms, the affiliates of
DTTC, Deloitte Touche Tohmatsu and its member firms; and, in all cases, any
successor or assignee.

OTHER COMMUNICATIONS ARISING FROM THE AUDIT OR REVIEWS

Fraud and Illegal Acts

We will report directly to the Audit Committee any fraud of which we become
aware that involves senior management, and any fraud (whether caused by senior
management or other employees) of which we become aware that causes a material
misstatement of the financial statements. We will report to senior management
any fraud perpetrated by lower level employees of which we become aware that
does not cause a material misstatement of the financial statements; however, we
will not report such matters directly to the Audit Committee, unless otherwise
directed by the Audit Committee.

We will inform the appropriate level of management of the Company and determine
that the Audit Committee is adequately informed with respect to illegal acts
that have been detected or have otherwise come to our attention in the course of
our audit, unless the illegal acts are clearly inconsequential.

<PAGE>

                                                          APPENDIX D - CONTINUED

Internal Control Matters

We will communicate, in writing, to management and the Audit Committee all
material weaknesses identified during the integrated audit prior to the issuance
of our report on the effectiveness of the Company's internal control over
financial reporting. We will also communicate in writing to the Audit Committee
any significant deficiencies identified during the integrated audit. If we
conclude that the oversight of the Company's external financial reporting and
internal control over financial reporting by the Audit Committee is ineffective,
we will also communicate that conclusion in writing to the Company's board of
directors.

A significant deficiency is a deficiency, or a combination of deficiencies, in
internal control over financial reporting that is less severe than a material
weakness, yet important enough to merit attention by those responsible for
oversight of the company's financial reporting. A material weakness is a
deficiency, or a combination of deficiencies, in internal control over financial
reporting, such that there is a reasonable possibility that a material
misstatement of the company's annual or interim financial statements will not be
prevented or detected on a timely basis.

In addition, we will communicate to management, in writing, all deficiencies in
internal control over financial reporting (that is, those deficiencies in
internal control over financial reporting that are of a lesser magnitude than
material weaknesses) identified during the integrated audit and inform the Audit
Committee when such a communication has been made. When making this
communication, we will not repeat information about such deficiencies that has
been included in previously issued written communications, whether those
communications were made by us, internal auditors, or others within the Company.

Other Matters

We will communicate matters required by PCAOB AU 380, Communications with Audit
Committees, and Rule 2-07 of SEC Regulation S-X prior to the Company filing our
report or consent with the SEC.

Communications Related to Interim Reviews

At the Audit Committee's request, we will not issue a written review report upon
completion of our interim reviews; however, we will report to the Audit
Committee and the Company's management (1) matters that cause us to believe that
material modifications should be made to the interim financial information for
it to conform with generally accepted accounting principles or (2) that the
Company furnished the Form 6-K before the completion of our review. When
conducting our review of interim financial information, we will also determine
whether any other matters required by regulations or the PCAOB Standards as they
relate to interim financial information have been identified. If such matters
have been identified, we will communicate them to the Audit Committee prior to
the submission of interim financial information with the SEC or, if such
communication cannot be made before the submission, as soon as practicable under
the circumstances.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]