Document:

EMPLOYMENT
      AGREEMENT, effective as of this 1st day of February 2007 (this “Agreement”),
      between Guo Fan, at 19 Nutter Circle , Ctr. Barnstead ,NH 03225 (the
“Executive”),
      and
      Pay88, Inc., a Nevada corporation with an office currently at 1053 North
      Barnstead Road, Barnstead, NH 03225(the “Company”).

     

    WITNESSETH:

     

    WHEREAS,
      the Company and the Board of Directors of the Company desire to memorialize
      the
      employment of the Executive on a full-time basis as its Chairman, President
      and
      Chief Executive Officer and the Executive desires to accept such employment
      subject to the terms and conditions set forth in this Agreement.

     

    NOW,
      THEREFORE, in consideration of the mutual agreements and covenants set forth
      herein, the parties hereto agree as follows:

     

    ARTICLE
      I

    POSITION;
      DUTIES;

     

    1.1 Position.
      The
      Company hereby employs the Executive as the Chairman, President and Chief
      Executive Officer of the Company, which employment the Executive hereby accepts,
      all in the capacity and on the terms and conditions hereinafter set forth.
      

     

    1.2 Duties.
      (a)
      During the Term (as defined below), the Executive shall be a full-time executive
      of the Company, all under and subject to the direction and control of the Board
      of Directors of the Company (the “Board”).
      

     

    (b) In
      his
      capacity as Chairman, President and Chief Executive Officer, the Executive
      shall
      be the senior executive officer of the Company with principal responsibility
      for
      controlling the operations of the Company and shall perform such duties for
      the
      Company as are consistent with the foregoing, including, without limitation,
      preparing and obtaining approval from the Board of the Company’s annual budget
      and plan; advising management and establishing revenue models and growth
      strategies, conducting market research and assessing the competitive environment
      to identify opportunities; developing business plans for new business
      development; advising and negotiating on financing initiatives; preparing and
      making presentations to prospective customers, affiliates, investors and
      partners, analyzing sales, marketing and distribution goals, establishing a
      network of business opportunities for the Company and attending interviews,
      conventions, trade shows, conferences or discussion panels on behalf of the
      Company.

    

    (c)
       The
      services to be performed by the Executive shall be commensurate with the
      position of the Executive as the most senior executive executive of the Company.
      In this position, during the Term (i) the Executive shall not render services
      to
      or for any other person, firm, corporation or business in this capacity and
      (ii)
      shall have no interest directly or indirectly in any other person, firm,
      corporation or business whose business is related to or competitive with the
      business of the Company; provided, however, that the Executive may own, directly
      or indirectly, solely as an investment, securities of any entity which are
      traded on any national securities exchange or which are admitted to quotation
      on
      The NASDAQ Stock Market Inc. if the Executive (a) is not a controlling person
      of, or a member of a group which controls, such entity and (b) does not,
      directly or indirectly, own one percent or more of any class of securities
      of
      such entity; Notwithstanding the foregoing, so long as it does not interfere
      with his full time employment hereunder, the Executive may attend to outside
      investments and serve as a director, trustee or officer of or otherwise
      participate in charitable and civic organizations and serve as director of
      corporations whose business is unrelated to the business of the Company and
      continue to pursue his other business interests unrelated to the current or
      future business of the Company.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    ARTICLE
      II

    SALARY;
      SHARES

    

    2.1 Annual
      Base Salary.
      During
      the Term, the annual base salary (the “Base
      Salary”)
      to be
      paid by the Company to the Executive shall be One Hundred Thousand Dollars
      ($100,000), payable in equal bi-monthly installments, on the fifteenth and
      last
      days of each month, or in such other manner as the parties shall mutually agree,
      subject to withholding for applicable taxes. 

     

    ARTICLE
      III

    BENEFITS

    

    3.1 Business
      Expenses The
      Executive shall be reimbursed for all reasonable and necessary business expenses
      incurred by the Executive in connection with the performance of his duties
      under
      this Agreement, as approved by the Company, including reasonable accommodation
      expenses during travel required in connection with the performance of the
      Executive’s duties. 

    

    3.2 Directors’
      and Officers’ Liability Insurance.
      The
      Executive shall be covered by the directors’ and officers’ insurance policy to
      be obtained by the Company. The Company agrees to defend the Executive from
      and
      against any and all lawsuits initiated against the Company and/or the
      Executive.

    

    3.3 Additional
      Benefits. 
      The
      Executive shall be entitled to participate in any pension or profit sharing
      plans, group health, accident or life insurance plans, group medical and
      hospitalization plan, and other similar benefits as may be available to the
      executives of the Company. The Executive shall assist the Company in adopting
      the proper plans for the Company.

    

    ARTICLE
      IV

    TERM;
      TERMINATION

     

    4.1 Term.
      The
      term of employment shall commence as of the date set forth above and shall
      continue until January 31, 2012 unless this Agreement is terminated prior
      thereto in accordance with the terms hereof (the “Term”).
      

     

    4.2  Termination. Notwithstanding
      anything contained herein to the contrary, this Agreement and Executive’s
      employment shall be terminated immediately upon the occurrence of any one of
      the
      following events: 

     

    (a)
       The
      death
      of Executive. 

    

    (b) The
      termination of the Agreement by the Company for "cause" after 30 days written
      notice ("Notice of Termination") to Executive. "Cause" for purposes hereof
      shall
      consist of the following: (i) the willful and continuous failure of the
      Executive to substantially perform the Executive’s duties to the Company (other
      than any failure that results from the Executive’s having become mentally or
      physically disabled or any actual or anticipated failure that results from
      the
      occurrence of events constituting “Good Reason” for termination by the
      Executive) within 30 days after notice demanding substantial performance, which
      notice shall specifically identify the duties that the Executive failed to
      substantially perform, is given to the Executive by the Company; or (ii) the
      Executive’s willfully engaging in conduct that the Executive knows to be
      materially injurious to the Company.

    

    
      
         

      

      
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    (c) The
      Executive’s disability. “Disability” for purposes hereof means a physical or
      mental infirmity which, in the opinion of a physician selected by the Company,
      (i) shall render the Executive incapable of performing his duties hereunder
      for
      a continuous period of of not less than 6 months and (iii) did not result from
      alcoholism or addiction to narcotics.

    

    (d) The
      termination of the Agreement by the Executive for Good Reason. “Good Reason” for
      purposes hereof shall mean (i) a failure by the Company to comply with any
      material provision of this Agreement which has not been cured within ten (10)
      days after notice of such noncompliance has been given by the Executive to
      the
      Company, or (ii) any purported termination of the Executive’s employment by the
      Company which is not effected pursuant to the provisions hereof (and for
      purposes of this Agreement no such purported termination shall be
      effective).

    

    (e) The
      resignation of the Executive without “Good Reason.”

    

    (f) In
      the
      event the Company terminates, or attempts to terminate, the employment of the
      Executive other than as provided above, or the Company otherwise is in breach
      of
      the terms of this Agreement, upon determination of a court of competent
      jurisdiction or an arbitration or other similar panel that such breach has
      occurred, the Executive shall be entitled to receive from the Company, and
      the
      Company agrees to pay or reimburse the Executive for, all legal fees, costs
      and
      other damages, including back-pay and benefits if applicable, incurred as a
      result of such breach or wrongful termination.

     

    4.3 Compensation
      Upon
      Termination or During Disability. 

     

    (a) If
      the
      Executive’s employment is terminated by his death pursuant to Section 4.2(a),
      the Company shall pay to the Executive’s spouse, or if he leaves no spouse, to
      his estate, commencing on the next succeeding day which is the fifteenth day
      or
      last day of the month, as the case may be, and bimonthly thereafter on the
      fifteenth and last days of each month, until a total of six payments has been
      made, an amount on each payment date equal to the bimonthly salary payment
      payable to the Executive pursuant to Section 2.1 hereof at the time of his
      death.

    

    (b) If
      the
      Executive’s employment shall be terminated for cause pursuant to Section 4.2(b),
      the Company shall pay the Executive his full salary through the date of the
      termination, at the rate in effect at the time Notice of Termination is given,
      plus all outstanding expenses payable pursuant to section 3.1 hereof through
      the
      date of termination. The Company shall have no further obligations to the
      Executive under this Agreement.

    

    (c) If
      the
      Executive’s employment shall be terminated without cause, the Company shall pay
      the Executive his full salary through January ___, 2012, at the rate in effect
      at the time Notice of Termination is given, plus all outstanding expenses
      payable pursuant to section 3.1 hereof through the date of termination. The
      Company shall have no further obligations to the Executive under this
      Agreement.

    

    (d) If
      the
      Executive’s employment shall terminate as a result of disability pursuant to
      Section 4.2(c) hereof, the Company shall pay the Executive his full salary
      through January 31, 2012 at the rate in effect at the date of termination,
      plus
      all outstanding expenses payable pursuant to section 3.1 hereof. During any
      period that the Executive fails to perform his duties hereunder as a result
      of
      incapacity due to physical or mental illness ("disability period"), the
      Executive shall continue to receive his full salary at the rate then in effect
      for such period until his employment is terminated pursuant to section 4.2(c)
      hereof, provided that payments so made to the Executive shall be reduced by
      the
      sum of the amounts, if any, payable to the Executive at or prior to the time
      of
      any such payment under disability benefit plans of the Company and which were
      not previously applied to reduce any such payment.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

       

    

    (e) If
      the
      Executive shall terminate his employment for Good Reason pursuant to Section
      4.2(d), for any reason other than death or disability, then the Company shall
      pay to the Executive his full salary through January 31, 2012, at the rate
      in
      effect at the time Notice of Termination is given, plus all outstanding expenses
      payable pursuant to section 3.1 hereof through the date of
      termination.

     

    ARTICLE
      V

    REPRESENTATION;
      NON-COMPETITION; CONFIDENTIALITY

    

    5.1 Executive
      Representation.
      The
      Executive represents that the Executive’s execution of this Agreement and the
      performance of his duties required hereunder will neither be a breach of any
      other employment or other agreement nor a breach of any non-competition or
      similar agreement.

    

    5.2 Non-Competition.
      (a) The
      Executive agrees that during the Term and for the period of two (2) years
      thereafter, he will not engage, directly, either as principal, agent,
      consultant, proprietor, creditor, stockholder, director, officer or executive,
      or participate in the ownership, management, operation or control of any
      business which directly or indirectly competes with the business of the Company.
      The Executive acknowledges and agrees that the current market for the Company's
      business extends throughout the world and that it is therefore reasonable to
      prohibit the Executive from competing with the Company anywhere in such
      territory. This Section shall not apply to the Executive’s ownership of less
      than five percent (5%) of the capital stock of a company having a class of
      capital stock which is traded on any national stock exchange or to the Executive
      lecturing to any persons or organizations or consulting with other companies.
      

    

    (b) During
      the Term and for the period of two (2) years thereafter, the Executive agrees
      that he will not, directly, (i) solicit, divert or recruit or encourage any
      of
      the executives or agents of the Company, or any person who was an executive
      or
      agent of the Company during the Term, to leave the employ of the Company or
      terminate or alter their contractual relationship in a way that is adverse
      to
      the Company's interests, (ii) solicit or divert business from the Company,
      or
      assist any person or entity in doing so or attempting to do so or (iii) cause
      or
      seek to cause any person or entity to refrain from dealing or doing business
      with the Company or assist any person or entity in doing so or attempting to
      do
      so.

    

    5.3 Confidential
      Information.
      (a) The
      Executive agrees that he shall hold in strict confidence and shall not at any
      time during or after his employment with the Company, directly or indirectly,
      (i) reveal, report, publicize, disclose, or transfer any Confidential
      Information (as described below) or any part thereof to any person or entity,
      (ii) use any of the Confidential Information or any part thereof for any purpose
      other than in the course of his duties on behalf of the Company, or (iii) assist
      any person or entity other than the Company to secure any benefit from the
      Confidential Information or any part thereof. All Confidential Information
      (regardless of the medium retained) and all abstracts, summaries or writings
      based upon or reflecting any Confidential Information in the Executive’s
      possession shall be delivered by the Executive to the Company upon request
      therefor by the Company or automatically upon the expiration of the Term or
      termination of this Agreement.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

       

    

    (b) For
      purposes of this Agreement, "Confidential
      Information"
      shall
      mean any information relating to the business, operations, affairs, assets
      or
      condition (financial or otherwise) of the Company which is not generally known
      by non-company personnel, or is proprietary or in any way constitutes a trade
      secret (regardless of the medium in which information is maintained) which
      the
      Executive develops or which the Executive obtains knowledge of or access to
      through or as a result of the Executive’s relationship with the Company.
      Confidential Information specifically includes, without limitation, business
      and
      marketing plans, financings, cost and pricing information, supplier information,
      all source code, system and user documentation, and other technical
      documentation pertaining to the hardware and software programs of the Company,
      including any proposed design and specifications for future products and
      products in development, and all other technical and business information
      considered confidential by the Company. Confidential Information shall not
      include any information that is generally publicly available or otherwise in
      the
      public domain other than as a result of a breach by the Executive of his
      obligations hereunder. For purposes of this Agreement, information shall not
      be
      deemed Confidential Information if (i) such information is available from public
      sources, (ii) such information is received from a third party not under an
      obligation to keep such information confidential, or (iii) the Executive can
      conclusively demonstrate that such information had been independently developed
      by the Executive.

    

    5.4 Remedies. The
      Executive agrees and acknowledges that the foregoing restrictions and the
      duration and the territorial scope thereof as set forth in Sections 5.2 and
      5.3
      are under all of the circumstances reasonable and necessary for the protection
      of the Company and its business. In the event that the Executive shall breach
      or
      threaten to breach any of the provisions of this Agreement, in addition to
      and
      without limiting or waiving any other remedies available to the Company, at
      law
      or in equity, the Company shall be entitled to immediate injunctive relief
      in
      any court, domestic or foreign, having the capacity to grant such relief, to
      restrain any such breach or threatened breach and to enforce the provisions
      of
      this Agreement. 

    

    ARTICLE
      VI

    MISCELLANEOUS

    

    6.1 Entire
      Agreement.
      This
      Agreement constitutes the entire understanding between the Company and the
      Executive with respect to the subject matter hereof and supersedes any and
      all
      previous agreements or understandings between the Executive and the Company
      concerning the subject matter hereof, all of which are merged
      herein.

    

    6.2 Successors.
      This
      Agreement shall be binding upon and inure to the benefit of the Executive and
      his heirs and personal representatives, and the Company and its successors
      and
      assigns.

    

    6.3 Notices.
      All
      notices and other communications required or permitted hereunder shall be
      delivered personally, sent via facsimile, certified or registered mail, return
      receipt requested, or next day express mail or overnight, nationally recognized
      courier, postage prepaid with proof of receipt, to the address or telephone
      number (in the case of facsimile) set forth above. Such addresses and/or
      telephone numbers may be changed by notice given in the manner provided herein.
      Any such notice shall be deemed given (i) when delivered if delivered
      personally, (ii) the day after deposit with the express or courier service
      when
      sent by next day express mail or courier, (iii) five (5) days after deposit
      with
      the postal service when sent by certified or registered mail, or (iv) when
      sent
      over a facsimile system with answer back response set forth on the sender's
      copy
      of the document.

    
       

    

    6.4 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Nevada, without regard to choice of law principles.

    

    6.5 Amendment
      and Modification.
      This
      Agreement may be amended, modified or supplemented only by written agreement
      executed by the Company and the Executive.

    

    6.6 Headings.
      The
      section headings herein are inserted for the convenience of the parties only
      and
      are not to be construed as part of the terms of this Agreement or to be taken
      into account in the construction or interpretation of this
      Agreement.

    

    6.7 Counterparts.
      This
      Agreement may be executed in counterparts and by facsimile, each of which shall
      be deemed to be an original but both of which together will constitute one
      and
      the same instrument.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the parties have entered into this Executive Employment
      Agreement as of the day and year first above written.

     

    
      	 	 	 
	 	PAY88, INC.
	 
 	 
 	 
 
	 	By:  	/s/
              Guo
              Fan
	 	 	Name: Guo Fan 
	 	 	Title: Chief Executive Officer 
	 	 	 
	 	 	 
	 	/s/
              Guo Fan 
	 	
              GUO
                FAN 

            

     

    
      
         

      

      
        6EMPLOYMENT
      AGREEMENT, effective as of this 1st day of February 2007 (this “Agreement”),
      between Tao Fan, at _4 west Jianxin Road, Jianbei District , Chongqing, China
      400020 (the “Executive”),
      and
      Pay88, Inc., a Nevada corporation with an office currently at 1053 North
      Barnstead Road, Barnstead, NH 03225(the “Company”).

     

    WITNESSETH:

     

    WHEREAS,
      the Company and the Board of Directors of the Company desire to memorialize
      the
      employment of the Executive on a full-time basis as its Chief Operating Officer
      and the Executive desires to accept such employment subject to the terms and
      conditions set forth in this Agreement.

     

    NOW,
      THEREFORE, in consideration of the mutual agreements and covenants set forth
      herein, the parties hereto agree as follows:

     

    ARTICLE
      I

    POSITION;
      DUTIES; 

     

    1.1 Position.
      The
      Company hereby employs the Executive as the Chief Operating Officer of the
      Company, which employment the Executive hereby accepts, all in the capacity
      and
      on the terms and conditions hereinafter set forth. 

     

    1.2 Duties.
      During
      the Term (as defined below), the Executive’s
      primary duties and obligations hereunder shall be as directed from time to
      time
      by the Chief Executive Officer of the Company (the “CEO”).
      In
      furtherance of the foregoing, during the Term, Executive shall devote
      substantially all of his business time to carrying out such duties.
      

    

    1.3 Time
      Commitment.
      Executive’s employment by the Company shall be full-time and exclusive and,
      during the Term, Executive agrees that he shall (i) devote substantially
      all of his business time and attention, his best efforts, and all his skill
      and
      ability to promote the interests of the Company, and (ii) carry out his
      duties in a competent and professional manner. Notwithstanding the foregoing,
      subject to the terms of Section 1.2, Executive shall be permitted to
      (A) engage in charitable and civic activities, and (B) manage his
      personal passive investments which are (1) investments that are not similar
      or related to the kinds of investments entered into by Company or its
      affiliates, and (2) are fully disclosed to the CEO and are approved in
      writing by the CEO prior to such investment.

    

    ARTICLE
      II

    SALARY;
      SHARES

    

    2.1 Annual
      Base Salary.
      During
      the Term, the annual base salary (the “Base
      Salary”)
      to be
      paid by the Company to the Executive shall be Fifty Thousand Dollars ($50,000),
      payable in equal bi-monthly installments, on the fifteenth and last days of
      each
      month, or in such other manner as the parties shall mutually agree, subject
      to
      withholding for applicable taxes. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      III

    BENEFITS

    

    3.1 Business
      Expenses The
      Executive shall be reimbursed for all reasonable and necessary business expenses
      incurred by the Executive in connection with the performance of his duties
      under
      this Agreement, as approved by the Company, including reasonable accommodation
      expenses during travel required in connection with the performance of the
      Executive’s duties. 

    

    3.2 Directors’
      and Officers’ Liability Insurance.
      The
      Executive shall be covered by the directors’ and officers’ insurance policy to
      be obtained by the Company. The Company agrees to defend the Executive from
      and
      against any and all lawsuits initiated against the Company and/or the
      Executive.

    

    3.3 Additional
      Benefits. 
      The
      Executive shall be entitled to participate in any pension or profit sharing
      plans, group health, accident or life insurance plans, group medical and
      hospitalization plan, and other similar benefits as may be available to the
      executives of the Company. The Executive shall assist the Company in adopting
      the proper plans for the Company.

    

    ARTICLE
      IV

    TERM;
      TERMINATION

     

    4.1 Term.
      The
      term of employment shall commence as of the date set forth above and shall
      continue until January 31, 2012 unless this Agreement is terminated prior
      thereto in accordance with the terms hereof (the “Term”).
      

     

    4.2  Termination. Notwithstanding
      anything contained herein to the contrary, this Agreement and Executive’s
      employment shall be terminated immediately upon the occurrence of any one of
      the
      following events: 

     

    (a)
       The
      death
      of Executive. 

    

    (b) The
      termination of the Agreement by the Company for "cause" after 30 days written
      notice ("Notice of Termination") to Executive. "Cause" for purposes hereof
      shall
      consist of the following: (i) the willful and continuous failure of the
      Executive to substantially perform the Executive’s duties to the Company (other
      than any failure that results from the Executive’s having become mentally or
      physically disabled or any actual or anticipated failure that results from
      the
      occurrence of events constituting “Good Reason” for termination by the
      Executive) within 30 days after notice demanding substantial performance, which
      notice shall specifically identify the duties that the Executive failed to
      substantially perform, is given to the Executive by the Company; or (ii) the
      Executive’s willfully engaging in conduct that the Executive knows to be
      materially injurious to the Company.

    

    (c) The
      Executive’s disability. “Disability” for purposes hereof means a physical or
      mental infirmity which, in the opinion of a physician selected by the Company,
      (i) shall render the Executive incapable of performing his duties hereunder
      for
      a continuous period of of not less than 6 months and (iii) did not result from
      alcoholism or addiction to narcotics.

    

    (d) The
      termination of the Agreement by the Executive for Good Reason. “Good Reason” for
      purposes hereof shall mean (i) a failure by the Company to comply with any
      material provision of this Agreement which has not been cured within ten (10)
      days after notice of such noncompliance has been given by the Executive to
      the
      Company, or (ii) any purported termination of the Executive’s employment by the
      Company which is not effected pursuant to the provisions hereof (and for
      purposes of this Agreement no such purported termination shall be
      effective).

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

    (e) The
      resignation of the Executive without “Good Reason.”

    

    (f) In
      the
      event the Company terminates, or attempts to terminate, the employment of the
      Executive other than as provided above, or the Company otherwise is in breach
      of
      the terms of this Agreement, upon determination of a court of competent
      jurisdiction or an arbitration or other similar panel that such breach has
      occurred, the Executive shall be entitled to receive from the Company, and
      the
      Company agrees to pay or reimburse the Executive for, all legal fees, costs
      and
      other damages, including back-pay and benefits if applicable, incurred as a
      result of such breach or wrongful termination.

     

    4.3 Compensation
      Upon
      Termination or During Disability. 

     

    (a) If
      the
      Executive’s employment is terminated by his death pursuant to Section 4.2(a),
      the Company shall pay to the Executive’s spouse, or if he leaves no spouse, to
      his estate, commencing on the next succeeding day which is the fifteenth day
      or
      last day of the month, as the case may be, and bimonthly thereafter on the
      fifteenth and last days of each month, until a total of six payments has been
      made, an amount on each payment date equal to the bimonthly salary payment
      payable to the Executive pursuant to Section 2.1 hereof at the time of his
      death.

    

    (b) If
      the
      Executive’s employment shall be terminated for cause pursuant to Section 4.2(b),
      the Company shall pay the Executive his full salary through the date of the
      termination, at the rate in effect at the time Notice of Termination is given,
      plus all outstanding expenses payable pursuant to section 3.1 hereof through
      the
      date of termination. The Company shall have no further obligations to the
      Executive under this Agreement.

    

    (c) If
      the
      Executive’s employment shall be terminated without cause, the Company shall pay
      the Executive his full salary through January 31, 2012, at the rate in effect
      at
      the time Notice of Termination is given, plus all outstanding expenses payable
      pursuant to section 3.1 hereof through the date of termination. The Company
      shall have no further obligations to the Executive under this
      Agreement.

    

    (d) If
      the
      Executive’s employment shall terminate as a result of disability pursuant to
      Section 4.2(c) hereof, the Company shall pay the Executive his full salary
      through January 31, 2012 at the rate in effect at the date of termination,
      plus
      all outstanding expenses payable pursuant to section 3.1 hereof. During any
      period that the Executive fails to perform his duties hereunder as a result
      of
      incapacity due to physical or mental illness ("disability period"), the
      Executive shall continue to receive his full salary at the rate then in effect
      for such period until his employment is terminated pursuant to section 4.2(c)
      hereof, provided that payments so made to the Executive shall be reduced by
      the
      sum of the amounts, if any, payable to the Executive at or prior to the time
      of
      any such payment under disability benefit plans of the Company and which were
      not previously applied to reduce any such payment.

    

    (e) If
      the
      Executive shall terminate his employment for Good Reason pursuant to Section
      4.2(d), for any reason other than death or disability, then the Company shall
      pay to the Executive his full salary through January 31, 2012, at the rate
      in
      effect at the time Notice of Termination is given, plus all outstanding expenses
      payable pursuant to section 3.1 hereof through the date of
      termination.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    ARTICLE
      V

    REPRESENTATION;
      NON-COMPETITION; CONFIDENTIALITY

    

    5.1 Executive
      Representation.
      The
      Executive represents that the Executive’s execution of this Agreement and the
      performance of his duties required hereunder will neither be a breach of any
      other employment or other agreement nor a breach of any non-competition or
      similar agreement.

    

    5.2 Non-Competition.
      (a) The
      Executive agrees that during the Term and for the period of two (2) years
      thereafter, he will not engage, directly, either as principal, agent,
      consultant, proprietor, creditor, stockholder, director, officer or executive,
      or participate in the ownership, management, operation or control of any
      business which directly or indirectly competes with the business of the Company.
      The Executive acknowledges and agrees that the current market for the Company's
      business extends throughout the world and that it is therefore reasonable to
      prohibit the Executive from competing with the Company anywhere in such
      territory. This Section shall not apply to the Executive’s ownership of less
      than five percent (5%) of the capital stock of a company having a class of
      capital stock which is traded on any national stock exchange or to the Executive
      lecturing to any persons or organizations or consulting with other companies.
      

    

    (b) During
      the Term and for the period of two (2) years thereafter, the Executive agrees
      that he will not, directly, (i) solicit, divert or recruit or encourage any
      of
      the executives or agents of the Company, or any person who was an executive
      or
      agent of the Company during the Term, to leave the employ of the Company or
      terminate or alter their contractual relationship in a way that is adverse
      to
      the Company's interests, (ii) solicit or divert business from the Company,
      or
      assist any person or entity in doing so or attempting to do so or (iii) cause
      or
      seek to cause any person or entity to refrain from dealing or doing business
      with the Company or assist any person or entity in doing so or attempting to
      do
      so.

    

    5.3 Confidential
      Information.
      (a) The
      Executive agrees that he shall hold in strict confidence and shall not at any
      time during or after his employment with the Company, directly or indirectly,
      (i) reveal, report, publicize, disclose, or transfer any Confidential
      Information (as described below) or any part thereof to any person or entity,
      (ii) use any of the Confidential Information or any part thereof for any purpose
      other than in the course of his duties on behalf of the Company, or (iii) assist
      any person or entity other than the Company to secure any benefit from the
      Confidential Information or any part thereof. All Confidential Information
      (regardless of the medium retained) and all abstracts, summaries or writings
      based upon or reflecting any Confidential Information in the Executive’s
      possession shall be delivered by the Executive to the Company upon request
      therefor by the Company or automatically upon the expiration of the Term or
      termination of this Agreement.

     

    (b) For
      purposes of this Agreement, "Confidential
      Information"
      shall
      mean any information relating to the business, operations, affairs, assets
      or
      condition (financial or otherwise) of the Company which is not generally known
      by non-company personnel, or is proprietary or in any way constitutes a trade
      secret (regardless of the medium in which information is maintained) which
      the
      Executive develops or which the Executive obtains knowledge of or access to
      through or as a result of the Executive’s relationship with the Company.
      Confidential Information specifically includes, without limitation, business
      and
      marketing plans, financings, cost and pricing information, supplier information,
      all source code, system and user documentation, and other technical
      documentation pertaining to the hardware and software programs of the Company,
      including any proposed design and specifications for future products and
      products in development, and all other technical and business information
      considered confidential by the Company. Confidential Information shall not
      include any information that is generally publicly available or otherwise in
      the
      public domain other than as a result of a breach by the Executive of his
      obligations hereunder. For purposes of this Agreement, information shall not
      be
      deemed Confidential Information if (i) such information is available from public
      sources, (ii) such information is received from a third party not under an
      obligation to keep such information confidential, or (iii) the Executive can
      conclusively demonstrate that such information had been independently developed
      by the Executive.

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

       

    

    5.4 Remedies. The
      Executive agrees and acknowledges that the foregoing restrictions and the
      duration and the territorial scope thereof as set forth in Sections 5.2 and
      5.3
      are under all of the circumstances reasonable and necessary for the protection
      of the Company and its business. In the event that the Executive shall breach
      or
      threaten to breach any of the provisions of this Agreement, in addition to
      and
      without limiting or waiving any other remedies available to the Company, at
      law
      or in equity, the Company shall be entitled to immediate injunctive relief
      in
      any court, domestic or foreign, having the capacity to grant such relief, to
      restrain any such breach or threatened breach and to enforce the provisions
      of
      this Agreement. 

    

    ARTICLE
      VI

    MISCELLANEOUS

    

    6.1 Entire
      Agreement.
      This
      Agreement constitutes the entire understanding between the Company and the
      Executive with respect to the subject matter hereof and supersedes any and
      all
      previous agreements or understandings between the Executive and the Company
      concerning the subject matter hereof, all of which are merged
      herein.

    

    6.2 Successors.
      This
      Agreement shall be binding upon and inure to the benefit of the Executive and
      his heirs and personal representatives, and the Company and its successors
      and
      assigns.

    

    6.3 Notices.
      All
      notices and other communications required or permitted hereunder shall be
      delivered personally, sent via facsimile, certified or registered mail, return
      receipt requested, or next day express mail or overnight, nationally recognized
      courier, postage prepaid with proof of receipt, to the address or telephone
      number (in the case of facsimile) set forth above. Such addresses and/or
      telephone numbers may be changed by notice given in the manner provided herein.
      Any such notice shall be deemed given (i) when delivered if delivered
      personally, (ii) the day after deposit with the express or courier service
      when
      sent by next day express mail or courier, (iii) five (5) days after deposit
      with
      the postal service when sent by certified or registered mail, or (iv) when
      sent
      over a facsimile system with answer back response set forth on the sender's
      copy
      of the document.

    

    6.4 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Nevada, without regard to choice of law principles.

    

    6.5 Amendment
      and Modification.
      This
      Agreement may be amended, modified or supplemented only by written agreement
      executed by the Company and the Executive.

    

    6.6 Headings.
      The
      section headings herein are inserted for the convenience of the parties only
      and
      are not to be construed as part of the terms of this Agreement or to be taken
      into account in the construction or interpretation of this
      Agreement.

    

    6.7 Counterparts.
      This
      Agreement may be executed in counterparts and by facsimile, each of which shall
      be deemed to be an original but both of which together will constitute one
      and
      the same instrument.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the parties have entered into this Executive Employment
      Agreement as of the day and year first above written.

     

    
      	 	 	 
	 	PAY88, INC.
	 
 	 
 	 
 
	 	By:  	/s/
              Guo
              Fan
	 	 	Name: Guo Fan 
	 	 	Title: Chief Executive Officer 
	 	 	 
	 	 	 
	 	/s/
              Tao Fan 
	 	
              TAO
                FAN 

            

    

     

    
      
         

      

      
        6

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