Document:

Exhibit 4.1

                               WarpRadio.com, Inc.

                      NON-STATUTORY STOCK OPTION AGREEMENT
                        UNDER THE 1999 STOCK OPTION PLAN

Between:

     WarpRadio.com, Inc. (the "Company") and ________________________ (the
"Optionee") dated _________________________________________ , 2000.

     The Company hereby grants to the Optionee an option (the "Option") to
purchase __________ shares of the Company's common stock ("Stock") under the
WarpRadio.com, Inc. 1999 Stock Option Plan (the "Plan") upon the following terms
and conditions:

     1. Purchase Price. The purchase price of the Stock shall be $__________ per
share.

     2. Non-Statutory Option. The Option shall be a Non-Statutory Option, as
defined in the Plan.

     3. Period of Exercise. Unless otherwise agreed to in writing, the Option
will expire ten (10) years from the date of this Agreement. The Option may be
exercised only while the Optionee is actively providing services to the Company
and as provided in Section 5 dealing with termination of services.

     4. Unless otherwise agreed to in writing, the Option may be exercised for
up to, but not in excess of, the amounts of shares subject to the Option
specified below, based on the Optionee's number of years of continuous services
with the Company from the date hereof. In applying the following limitations,
the amount of shares, if any, previously purchased by Optionee shall be counted
in determining the amount of shares the Optionee can purchase at any time in
accordance with said limitations. The Optionee may exercise the Option in the
following amounts and in accordance with the conditions set forth in paragraph
7.3 of the Plan:

          a. After one (1) year of continuous services to the Company, the
Optionee may purchase up to fifty percent (50%) of the shares of Stock subject
to the Option;

          b. After two (2) years of continuous services to the Company, the
Optionee may purchase the remaining fifty percent (50%) of the shares of Stock
subject to the Option.

     In the event the Optionee's services with the Company are terminated due to
Optionee's disability or death as described in paragraphs 5(a) and 5(b), the
foregoing vesting schedule shall be accelerated and the Option shall upon such
disability or death become exercisable in whole or in part. This Option may not
be exercised for less than fifty (50) shares at any time unless the number of
shares purchased is the total number purchasable at the time under the Option.

                                       -1-

<PAGE>

     5. Transferability. This Option is not transferable except by will or the
laws of descent and distribution, and may be exercised during the lifetime of
the Optionee only by him.

     6. Termination of Services. In the event of a termination in the providing
of services by Optionee to the Company, including serving as a Non-Employee
Director as defined in the Plan, the Option may be exercised (to the extent
exercisable at the date of his termination) by the Optionee within three months
after the date of such termination provided, however, that:

          a. If the Optionee's consulting relationship is terminated because he
is disabled within the meaning of Internal Revenue Code section 422A, the
Optionee shall have one year rather than three months to exercise the Option (to
the extent exercisable at the date of his termination).

          b. If the Optionee dies, the Option may be exercised (to the extent
exercisable by the Optionee at the date of his death) by his legal
representative or by a person who acquired the right to exercise such option by
bequest or inheritance or by reason of the death of the Optionee, but the Option
must be exercised within one year after the date of the Optionee's death.

          c. If the Optionee's relationship is terminated for cause, this Option
shall terminate immediately.

          d. In no event (including death of the Optionee) may this Option be
exercised more than ten (10) years from the date hereof.

     7. No Guarantee of Services. This Agreement shall in no way restrict the
right of the Company to terminate Optionee's relationship at any time.

     8. Investment Representation; Legend. The Optionee (and any other purchaser
under paragraphs 5(a) or 5(b) hereof) represents and agrees that all shares of
Stock purchased by him under this Agreement will be purchased for investment
purposes only and not with a view to distribution or resale. The Company may
require that an appropriate legend be inscribed on the face of any certificate
issued under this Agreement, indicating that transfer of the Stock is
restricted, and may place an appropriate stop transfer order with the Company's
transfer agent with respect to the Stock.

     9. Method of Exercise. The Option may be exercised, subject to the terms
and conditions of this Agreement, by written notice to the Company. The notice
shall be in the form attached to this Agreement and will be accompanied by
payment (in such form as the Company may specify) of the full purchase price of
the Stock to be issued, and in the event of an exercise under the terms of
paragraphs 5(a) or 5(b) hereof, appropriate proof of the right to exercise the
Option. The Company will issue and deliver certificates representing the number
of shares purchased under the Option, registered in the name of the Optionee (or
other purchaser under paragraph 5 hereof) as soon as practicable after receipt
of the notice.

                                       -2-

<PAGE>

     10. Incorporation of Plan. This Agreement is made pursuant to the
provisions of the Plan, which Plan is incorporated by reference herein. Terms
used herein shall have the meaning employed in the Plan, unless the context
clearly requires otherwise. In the event of a conflict between the provisions of
the Plan and the provisions of this Agreement, the provisions of the Plan shall
govern.

     Dated:
           -----------------------------

                                     WarpRadio.com, Inc.

                                     By:
                                         ---------------------------------------
                                          Denise Sutton, Chief Executive Officer
ACCEPTED:

------------------------------
        Optionee

                                       -3-EXHIBIT 10.5

       Letter between Xin Hai Technology Development L.T.D. and Infornet
                     Investment, L.T.D. dated April 13, 2000

<PAGE>
                      Xin Hai Technology Development Ltd.
                 Suite 210, Building B NO. 11, Wu Gen Lin Road,
                        West District, City of Beijing,
                           Peoples' Republic of China

                                 April 13, 2000

Infornet Investment Ltd.
15th Floor, Hutchison House
19 Harcourt Road
Hong Kong

Attention:  Ernest Cheung

Dear Sirs:

                      Re: Cooperative Joint Venture between
                Xin Hai Technology Development Ltd. ("Xin Hai")
                    and Infornet Investment Ltd. ("Infornet")

We acknowledge  that under Article 5 of the Cooperative  Joint Venture  Contract
dated as of August 25, 1997 between our two companies (the "JV Contract"),  that
Infornet shall be responsible for making all the required  capital  contribution
and external  financing for the joint venture company as contemplated in Article
3 of the JV Contract.

We further  acknowledge  that,  pursuant to Article 4 of the JV Contract,  until
such  time as  Infornet's  total  investment  and  interest  from  the  external
financing  in  the  joint  venture  company  has  been  fully   recovered,   the
distribution of profits shall be in accordance with the following percentages:

          Infornet - 80% of profits
          Xin Hai - 20% of profits

Under  Article 6 of the JV Contract, the board of directors of the joint venture
company shall be composed of four directors, of which two shall be designated by
Xin Hai and two by Infornet.  In addition,  unanimous  approval of all the joint
venture  company  directors  shall  be  required  before  any  decision  is made
concerning  certain  matters  as listed in  section  6.3 of  Article 6 of the JV
Contract.

<PAGE>

In consideration of Infornet's sole responsibility for the capital  contribution
and external  financing of the joint venture company and in order to ensure that
the joint  venture  company may carry on its  business in China in an  efficient
manner,  Xin Hai hereby  agrees that  effective  August 25, 1997 and  continuing
until such time as Infornet's  total  investment  and interest from the external
financing in the joint  venture has been fully  recovered and  thereafter  for a
period of 15 years,  that Xin Hai will agree to nominate as its two directors in
the joint  venture  company  only  those  persons  who  have been  selected  and
approved by Infornet.  Xin Hai is currently  very pleased with the current board
of directors  which is made up of Mr. Marc Hung, Mr. Ernest Cheung,  Mr. Maurice
Tsakok and Mr. Wei Xin.  There are no plans to change the board.  Xin Hai hereby
irrevocably  agrees that its  nominee  will vote with  Infornet  nominees on all
matters at the board level.

This amends the letter of Agreement  dated  October 1, 1999.  This new letter of
Agreement  will allow the  nomination  of  directors  by Infornet for another 15
years after the recovery of total investment and interest.

                         Sincerely,

                         Xin Hai Technology Development Ltd.

                         Per:/s/
                         Authorized SignatoryAMENDMENT TO AGREEMENT
                                     AMONG
                           PLACER TECHNOLOGIES CORP.
                                      AND
                      XIN HAI TECHNOLOGY DEVELOPMENT, LTD.
                                      AND
                          INFORNET INVESTMENT LIMITED

The parties hereto:

A.   Placer Technologies Corp.
B.   Xin Hai Technology Development, Ltd.
C.   Infornet Investment Limited

for and in consideration of mutual benefits, detriments, and promises, and other
good and valuable  consideration,  the adequacy of which is hereby  acknowledged
and recite as follows:

     WHEREAS,  the continuing  capital  requirements  for expansion of the joint
venture  have  required  and will  continue  to require  the  expenditure of and
contribution of capital significantly in excess of original business plans.

     NOW,  THEREFORE,  the parties hereby agree to amend the Agreement among the
parties dated August 25, 1997, effective the date hereof:

1.   The distribution of profits (and assets) shall be amended:

     Until  Infornet's  total  investment  in the Joint  Venture  has been fully
recovered by Infornet (the Recoupment  Date) the profits shall be distributed as
follows:

A.   Xin Hai 0%
B.   Infornet 100%

     After the Recoupment Date, the profits shall be distributed as follows:

A.   Xin Hai 20%
B.   Infornet 80%

     Such  distribution  shall remain in effect until  dissolution  of the joint
venture company.

<PAGE>

     All other provisions remain in force and effect as written.  The amendments
are effective as of date hereof.

Dated:  April 25, 2000

XIN HAI TECHNOLOGY DEVELOPMENT, LTD.                   INFORNET INVESTMENT, LTD.

By: /s/                                                By: /s/

PLACER TECHNOLOGIES CORP.

By: /s/Ernest Cheung

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