Document:

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Exhibit 10.15

                               PURCHASE AGREEMENT

         This Purchase Agreement (the "Agreement") is made and entered into as
of May 30, 2005, by and between PPOL, Inc., a California corporation
("Purchaser"), K.K. Green Capital, a Japan corporation ("Seller"), and K.K. U
Service, a Japan corporation, ("USC"), and each of Seller, Purchaser and USC a
"Party", and collectively, the "Parties").

                                    RECITALS

         A. Seller is the majority owner of Foster Strategic Management
Partnership, a Singapore partnership, which owns approximately 10,547,594 shares
of common stock of the Purchaser, representing approximately 58.62% of Seller's
issued and outstanding common stock.

         B. Seller is the owner of 38,000 shares (the "USC Shares") of common
stock of USC, representing one hundred percent (100%) of the issued and
outstanding common stock of USC.

         C. By this Agreement, among other things, Purchaser desires to purchase
and acquire from Seller, and Seller desires to sell and transfer to Purchaser,
the USC Shares, all upon the terms, conditions and covenants set forth herein.

                                    AGREEMENT

         NOW THEREFORE, in consideration of the foregoing, and for valuable
consideration, the receipt and adequacy of which are hereby acknowledged, and
subject to the terms, conditions and covenants set forth below, the Parties
hereto agree as follows:

         1. SALE OF USC SHARES. Upon the execution hereof, and subject to
satisfaction of the conditions set forth in Section 5, below, Seller hereby
sells, assigns and transfers, and Purchaser hereby acquires and purchases, the
USC Shares. The Parties acknowledge that the values for which the USC Shares are
purchased by the Purchaser are as indicated on EXHIBIT A.

         2. PAYMENT OF PURCHASE PRICE FOR USC SHARES. As consideration for the
purchase of the USC Shares, Purchaser hereby pays to Seller, an amount equal to
JPY 380,000,000 in immediately available funds via wire transfer to a bank
account designated by the Seller. Seller shall be responsible for all payments
to any governmental authority, including but not limited to national, prefecture
or local governments, of any and all taxes, including but not limited to,
transfer, withholding, stamp and consumption taxes to the extent applicable to
the cash payment by Purchaser.

         3. DELIVERY OF STOCK CERTIFICATES Upon the execution of this Agreement,
Seller shall deliver the following items to Purchaser:

                  (a) stock certificates evidencing the USC Shares with each
such certificate to be duly and validly endorsed in favor of Purchaser or
accompanied by a separate stock power duly and validly executed by Seller;

                  (b) a copy of USC board resolutions authorizing the transfer
of USC Shares from Seller to Purchaser; and

                  (c) all of the books and records of Seller relating to USC;

         4. REPRESENTATIONS AND WARRANTIES.

                  (a) Seller hereby represents and warrants to Purchaser, as
follows:

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                           (i) Seller is a corporation duly organized, validly
existing and in good standing under the laws of Japan. Seller has all necessary
power and authority to enter into this Agreement and to consummate the
transaction contemplated hereby without obtaining the consent or approval of any
third party.

                           (ii) All corporate action on the part of the Seller
necessary for authorization, execution and delivery of this Agreement and the
performance of all obligations of the Seller hereunder has been taken. Upon
execution and delivery, this Agreement will be a valid and binding obligation of
the Seller, enforceable in accordance with its terms, except as may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws
of general application relating to or affecting enforcement of creditor's rights
and by general equitable principles.

                           (iii) The execution, delivery and performance of this
Agreement will not, with or without the giving of notice and/or the passage of
time, (i) violate any provision of law applicable to Seller (ii) conflict with
or result in the breach of, termination of, or constitute a default under or
pursuant to any judgment, order, injunction, decree or ruling of any court or
governmental authority by which Seller is a party or by which Seller is bound,
or (iii) conflict with or result in the breach of, or constitute a default under
any of the terms, conditions or provisions of any agreement or instrument or
other obligation to which Seller is a party or by which Seller's properties or
assets are subject.

                  (b) Each of Seller and USC hereby represents and warrants to
Purchaser, as follows:

                           (i) USC is a corporation duly organized, validly
existing and in good standing under the laws of Japan.

                           (ii) The authorized capital stock of USC consists of
120,000 shares, of which 38,000 shares are issued and outstanding. All the
outstanding shares of USC's capital stock are duly authorized, validly issued,
fully paid and non-assessable. Except as specifically provided in the Revised
Letter of Understanding, there are no existing options, warrants, calls,
pre-emptive rights, subscriptions or other rights, agreements, arrangements or
commitments of any character, relating to the issued or unissued capital stock
of USC obligating USC to issue, transfer or sell or cause to be issued,
transferred or sold any shares of capital stock, or other equity or debt
interest in, USC or securities convertible into or exchangeable for such shares
or equity interests.

                           (iii) The USC Shares represent all of the issued and
outstanding capital stock of USC. The USC
Shares are owned by Seller and held by Seller, or by a nominee or custodian for
the sole and exclusive benefit of Seller, free and clear of all assignments,
pledges, security interests, liens, charges and encumbrances whatsoever.

                           (iv) USC has all necessary power and authority to
enter into this Agreement and to consummate the transaction contemplated hereby
without obtaining the consent or approval of any third party.

                           (v) All corporate action on the part of USC necessary
for authorization, execution and delivery of this Agreement and the performance
of all obligations of USC hereunder, has been taken. Upon execution and
delivery, this Agreement will be a valid and binding obligation of USC,
enforceable in accordance with its terms, except as may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium, or other laws of general
application relating to or affecting enforcement of creditor's rights and by
general equitable principles.

                           (vi) The execution, delivery and performance of this
Agreement will not, with or without the giving of notice and/or the passage of
time, (i) violate any provision of law applicable to USC (ii) conflict with or
result in the breach of, termination of, or constitute a default under or
pursuant to any judgment, order, injunction, decree or ruling of any court or

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governmental authority by which USC is a party or by which USC is bound, or
(iii) conflict with or result in the breach of, or constitute a default under
any of the terms, conditions or provisions of any agreement or instrument or
other obligation to which USC is a party or by which USC's properties or assets
are subject.

                  (c) Purchaser hereby represents and warrants to Seller, as
follows:

                           (i) Purchaser is a corporation duly organized,
validly existing and in good standing under the laws of the State of California.
Purchaser has all necessary power and authority to enter into this Agreement and
to consummate the transactions contemplated hereby without obtaining the consent
or approval of any third party.

                           (ii) All corporate action on the part of the
Purchaser necessary for authorization, execution and delivery of this Agreement
and the performance of all obligations of the Purchaser hereunder has been
taken. Upon execution and delivery, this Agreement will be a valid and binding
obligation of the Purchaser, enforceable in accordance with its terms, except as
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
or other laws of general application relating to or affecting enforcement of
creditor's rights and by general equitable principles.

                           (iii) The execution, delivery and performance of this
Agreement will not, with or without the giving of notice and/or the passage of
time, (1) violate any provision of law applicable to Purchaser (2) conflict with
or result in the breach of, termination of, or constitute a default under or
pursuant to any judgment, order, injunction, decree or ruling of any court or
governmental authority by which Purchaser is a party or by which Purchaser is
bound, or (3) conflict with or result in the breach of, or constitute a default
under any of the terms, conditions or provisions of any agreement or instrument
or other obligation to which Purchaser is a party or by which Purchaser's
properties or assets are subject.

                           (iv) Purchaser (1) is a sophisticated investor and is
experienced in evaluating and investing in securities and acknowledges that it
is able to fend for itself, and by reason of its knowledge and experience in
financial and business matters, or by reason of the business and financial
experience of its financial advisor, if any, who is unaffiliated with and who is
not compensated, directly or indirectly, by the Seller, it is capable of
evaluating the merits and risks of the purchase of the USC Shares contemplated
hereunder and of protecting its own interests and/or (2) has preexisting
business relationships with USC and certain of their respective officers,
directors or controlling persons of a nature and duration that enables Purchaser
to be aware of the character, business acumen and financial circumstances of
such persons.

                           (v) Purchaser is acquiring the USC Shares solely for
investment for its own account and not with the view to, or for resale in
connection with, any distribution thereof. Purchaser understands that the USC
Shares have not been registered, under the Securities Act of 1933, as amended,
and that there is no market for such securities.

         5. WAIVER OF ALL RIGHTS AND CLAIMS. Except as specifically stated in
this Agreement, Seller hereby waives all rights and claims against USC.

         6. INDEMNIFICATION.

                  (a) INDEMNIFICATION BY SELLER. Seller shall indemnify, save
and hold Purchaser, its officers, directors, employees, advisors and
representatives (collectively, the "Purchaser Indemnified Parties") harmless and
will pay to any of the Purchaser Indemnified Parties if any of the Purchaser
Indemnified Parties shall at any time or from time to time suffer any damage,
liability, loss, cost, expense (including all reasonable attorneys' fees, court
costs, consulting fees, expert witness fees and expenses incurred in the

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investigation or defense of any of the same), claim or cause of action arising
out of or resulting from (i) any material untruth or inaccuracy in any
representation of Seller or USC or the material breach of any warranty of Seller
or USC in this Agreement; or (ii) any failure of Seller to duly perform or
observe any material term, provision, covenant or agreement on the part of
Seller to be performed or observed in this Agreement.

                 (b) INDEMNIFICATION. BY PURCHASER. Purchaser shall indemnify,
save and hold Seller, its officers, directors, employees, advisors and
representatives (collectively, the "Seller Indemnified Parties") harmless and
will pay to any of the Seller Indemnified Parties if any of the Seller
Indemnified Parties shall at any time or from time to time suffer any damage,
liability, loss, cost, expense (including all reasonable attorneys' fees, court
costs, consulting fees, expert witness fees and expenses incurred in the
investigation or defense of any of the same), claim or cause of action arising
out of or resulting from (i) any material untruth or inaccuracy in any
representation of Purchaser or the material breach of any warranty of Purchaser
in this Agreement; or (ii) any failure of Purchaser to duly perform or observe
any material term, provision, covenant or agreement on the part of Purchaser to
be performed or observed in this Agreement.

         7. MISCELLANEOUS PROVISIONS.

                  (a) ENTIRE AGREEMENT. This Agreement constitutes the entire
agreement and understanding of the Parties hereto with respect to the subject
matter hereof and supersedes all prior oral or written agreements, arrangements
and understandings with respect thereto.

                  (b) SURVIVAL. All representations, warranties and agreements
contained here shall survive the execution of this Agreement and the closing of
the transactions contemplated hereby.

                  (c) SUCCESSORS AND ASSIGNS. All of the terms, covenants and
conditions of this Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns.

                  (d) CLOSING COSTS. Seller and Purchaser shall each bear their
respective costs of negotiating and completing this transaction, including
attorneys' fees.

                  (e) CONSTRUCTION. Seller and Purchaser agree that no party
shall be deemed to be the drafter of this Agreement and that in the event this
Agreement is ever construed by a court of law or equity, such court shall not
construe this Agreement or any provisions hereof against any party as the
drafter of the Agreement.

                  (f) AMENDMENTS. This Agreement shall not be modified except by
an instrument in writing signed by the parties hereto.

                  (g) NOTICE. All notices and other communications given or made
pursuant hereto shall be in writing and shall be deemed to have been given or
made if in writing and delivered personally, by international courier, sent by
registered or certified mail (postage prepaid, return receipt requested) or by
facsimile (with assurance of receipt in a manner customary for communications of
such type) to the parties at the following addresses:

                  (i)      If to Purchaser, to:

                           PPOL, Inc.
                           11661 San Vicente Blvd., Suite 9O1
                           Los Angeles, CA 90049
                           Fax: 310-979-8519
                           Attention: Richard Izumi

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                  (ii)     If to Seller, to:

                           K.K. Green Capital
                           Okada Building 1st Floor
                           1-19-8
                           Shibuya, Shibuya-ku Tokyo, JAPAN
                           Fax: +81-3-5467-3047
                           Attention: Toshio Okabe

                  {iii)    If to USC, to:

                           K.K. U SERVICE
                           1-19-8 Shibuya, Shibuya-ku
                           Tokyo, JAPAN
                           Fax: +81-3-3-5467-3047
                           Attention: Toshio Okabe

or to such other persons or at such other addresses as shall be furnished by any
party by like notice to the others, and such notice or communication shall be
deemed to have been given or made as of the date so delivered, in the case of
hand delivery or facsimile transmission or five days after deposit in the mails,
if mailed. No change in any of such addresses shall be effective insofar as
notices under this Section 7(g) are concerned unless notice of such change shall
have been given to such other party hereto as provided in this Section 7(g).

                 (h) FURTHER ASSURANCES. From time to time, at the request and
expense of the requesting party, whether prior to, at or after the closing of
the transactions contemplated by this Agreement, and without further
consideration and without increasing any party's obligations hereunder, each
party agrees to and shall execute and deliver such further instruments and take
such other action as the requesting party may reasonably request in order to
effectuate the transactions set forth herein.

                 (i) NOTICES, ANNOUNCEMENTS AND COMMUNICATIONS. The Parties
hereby agree that, except, as may be required by applicable laws or stock
exchange rules and regulations, no press release or similar public announcement
or communication shall be made or caused to be made concerning the execution or
performance of this Agreement; provided that, Seller shall cause its
subsidiaries and affiliates to provide a consistent message and explanation
regarding the transaction contemplated under this Agreement to its customers,
suppliers and other business contacts.

                 (j) GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of California, without regard
to its conflicts of law rules; provided that, the provisions relating to the
unconditional consent by USC through written notification with a notarial date
stamp (KAKUTEI HIZUKE) shall be governed by and construed in accordance with the
laws of Japan, without regard to its conflict of law rules.

                 (k) HEADINGS. All of the section headings herein are inserted
for convenience only and shall have no meaning for purposes of this Agreement.
Recitals are hereby incorporated by reference in and form a party of this
Agreement.

                 (l) COUNTERPART FAX SIGNATURE. This Agreement may be executed
in any number of counterparts, each of which shall be deemed to be an original,
but all of which together shall constitute one and the same instrument. This
Agreement may be executed by fax and a fax copy shall be treated as an original.

      [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS.]

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                  IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed and delivered as of the date first above written.

                                     "PURCHASER"

                                     PPOL, INC.

                                     /s/ Hisao Inoue
                                     -------------------------------------
                                     By: Hisao Inoue
                                     Its Chief Executive Officer

                                     "SELLER"

                                     K.K. GREEN CAPITAL

                                     /s/ Yoichi Yamauchi
                                     -------------------------------------
                                     By: Yoichi Yamauchi
                                     Its Representative Director

                                     "USC"

                                     K.K. U SERVICE

                                     /s/ Yoichi Yamauchi
                                     -------------------------------------
                                     By: Yoichi Yamauchi
                                     Its Representative Director

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                                    EXHIBIT A
                                    ---------

                               VALUE OF USC SHARES

                                 JPY380,000,000<PAGE>

EXHIBIT 10.16

                            STOCK PURCHASE AGREEMENT

         STOCK PURCHASE AGREEMENT ("AGREEMENT") dated as of May 30, 2005,
between PPOL, Inc., a California corporation ("Company") and K.K. Contents
Provider Tokyo, a Japan corporation ("INVESTOR").

         WHEREAS, Company is issuing and selling shares of its common stock,
$0.001 par value ("COMMON STOCK") to Investor subject to the terms and
conditions set forth herein; and

         WHEREAS, the shares of Common Stock being purchased by Investor
hereunder ("SHARES") are being issued in a private placement without
registration under the Securities Act of 1933, as amended (the "ACT"), in
reliance on one or more exemptions from the registration requirements under the
Act;

         NOW THEREFORE, in consideration of the foregoing recitals and the
respective covenants and agreements contained herein, the parties hereto,
intending to be legally bound, hereby agree as follows:

1. SALE AND CLOSING.

         1.1 CLOSING. The closing of the transactions contemplated hereby
("CLOSING") will take place on the date this Agreement is signed, in Tokyo,
Japan at the offices of AJOL Co., Ltd., the Company's wholly-owned subsidiary.

         1.2 TOTAL PURCHASE PRICE. The purchase price for the Shares to be paid
by Investor at Closing is Four Hundred Million Japanese Yen (JPY400,0000,000) in
Japan currency ("PURCHASE PRICE").

         1.3 CLOSING PRICE PER SHARE. The price per Share to be paid by Investor
("CLOSING PRICE") will be $4 per share. The yen conversion will be based upon 12
noon buying rates in New York on May 27, 2005 that is certified by the New York
Federal Reserve Bank for customs purposes.

         1.4 PURCHASE AND SALE. Upon the basis of the representations,
warranties and covenants, and subject to the terms and conditions set forth in
this Agreement, Investor agrees to purchase, and Company agrees to sell, issue
and deliver to Investor at the Closing, the number of Shares of Common Stock
equal to the Purchase Price divided by the Closing Price.

         1.5 RELATED AGREEMENT. At the Closing, Company and Investor will
execute and deliver a Registration Rights Agreement in the form attached hereto
as EXHIBIT A.

         1.6 DELIVERY AND PAYMENT.

                  (a) DELIVERIES BY COMPANY. At Closing, Company will deliver to
Investor: (i) a stock certificate or certificates evidencing the number of
Shares to be purchased by Investor hereunder, (ii) an original of each of the
Registration Rights Agreement fully executed by Company, and (iii) all other
documents, instruments and writings required to be delivered by Company to
Investor hereunder or otherwise required in connection herewith.

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                  (b) DELIVERIES BY INVESTOR. At or before the Closing, Investor
will deliver to Company: (i) the Purchase Price, by wire transfer of immediately
available funds to the account designated by Company, (ii) an original of the
Registration Rights Agreement fully executed by Investor, and (iii) all other
documents, instruments and writings required to be delivered by Investor to
Company hereunder or otherwise required in connection herewith.

2. REPRESENTATIONS AND WARRANTIES OF COMPANY. Company represents and warrants to
Investor that, except as described in Company's reports filed with the
Securities and Exchange Commission ("SEC") pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934, as amended, (the "REPORTS"):

         2.1 CORPORATE POWER AND AUTHORITY. Company has the corporate power and
authority to enter into this Agreement and the Registration Rights Agreement and
to perform its obligations hereunder and thereunder. The execution and delivery
by Company of this Agreement and the Registration Rights Agreement, and the
consummation by Company of the transactions contemplated hereby and thereby,
have been duly authorized by all necessary corporate action on the part of
Company. This Agreement and the Registration Rights Agreement have been duly
executed and delivered by Company and constitute valid and binding obligations
of Company enforceable against it in accordance with their respective terms,
subject to the effects of any applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors' rights generally and to the
application of equitable principles in any proceeding (legal or equitable).

         2.2 ORGANIZATION AND QUALIFICATION. Company is a corporation duly
organized, validly existing, and in good standing under the laws of the State of
California, and has corporate power to carry on its business as it is now being
conducted or proposed to be conducted.

         2.3 CAPITALIZATION. The authorized capital stock of Company as of
December 31, 2004, consists of 100,000,000 shares of Common Stock, $0.001 par
value per share, and 5,000,000 shares of preferred stock. As of December 31,
2004, there were 17,993,752 shares of Common Stock issued and outstanding, and
no shares of preferred stock were outstanding. Since December 31, 2004 no shares
of Company's capital stock have been issued, except shares issued as dividends
or upon the exercise of director or employee stock options.

         2.4 SHARES. Upon issuance, sale and delivery as contemplated hereunder,
the Shares will be duly authorized, validly issued, fully paid and
non-assessable, free of all preemptive and similar rights and other restrictions
on transfer, other than those arising under applicable state and federal
securities laws.

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         2.5 ABSENCE OF CERTAIN CHANGES OR EVENTS. Except as set forth in the
Company's filings with the SEC, there has been no material adverse change in the
capitalization, assets, liabilities or income of Company since the issuance of
the financial statements as reflected in Company's Quarterly Report on Form 10-Q
for the quarter ended December 31, 2004, as filed with the SEC.

         2.6 COMPLIANCE. Company is in material compliance with all applicable
laws, regulations, judgments, decrees and orders material to the conduct of its
business.

         2.7 NO LITIGATION. There is no pending, or, to the knowledge of
Company, threatened, judicial, administrative or arbitral action, claim, suit,
proceeding or investigation which might affect the validity or enforceability of
this Agreement or the Registration Rights Agreement, or which involves Company
and which if adversely determined could reasonably be expected to have a
material adverse effect on Company's ability to perform hereunder or thereunder.

         2.8 NO CONSENTS. Except for filings that may be required under federal
or state securities laws, no consent or approval of, or exemption by, or filing
with, any party or governmental or public body or authority is required in
connection with the execution, delivery and performance under this Agreement or
the Registration Rights Agreement or the taking of any action contemplated
hereunder or thereunder.

         2.9 NON-CONTRAVENTION. The execution, delivery and performance by
Company of this Agreement and the Registration Rights Agreement and the
consummation of the transactions contemplated hereby and thereby will not: (a)
violate any provision of Company's articles of incorporation or bylaws, each as
currently in effect, (b) violate, conflict with or result in the breach of any
of the terms of, result in a material modification of the effect of, otherwise,
give any other contracting party the right to terminate, or constitute (or with
notice or lapse of time or both constitute) a default under, any material
contract or other agreement to which Company is a party or by or to which
Company or any of Company's assets or properties may be bound or subject, (c)
violate any order, judgment, injunction, award or decree of any court,
arbitrator or governmental or regulatory body by which Company, or the assets or
properties of Company are bound, or (d) to Company's knowledge, violate any
statute, law or regulation.

         2.10 NO BROKERS OR FINDERS. No person, entity, broker, finder,
investment banker or other intermediary, has been retained by or is authorized
to act on behalf of Company, or is entitled to or could reasonably be expected
to be entitled to any brokerage, finder's or other fee or commission from
Company in connection with the negotiation, preparation, execution or delivery
of this Agreement or the transactions contemplated hereby.

3. REPRESENTATIONS AND WARRANTIES OF INVESTOR. Investor hereby represents and
warrants to Company that:

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         3.1 AUTHORITY RELATIVE TO AGREEMENT. Investor has all requisite power
and authority to enter into this Agreement and the Registration Rights Agreement
and to perform its obligations hereunder and thereunder. The execution and
delivery by Investor of this Agreement and such Registration Rights Agreement
and the consummation by Investor of the transactions contemplated hereby and
thereby have been duly authorized by all necessary action on the part of
Investor. This Agreement and the Registration Rights Agreement have been duly
executed and delivered by Investor and constitute valid and binding obligations
of Investor, enforceable against it in accordance with their respective terms.

         3.2 ACCREDITED INVESTOR STATUS. Investor is an "accredited investor" as
that term is defined in Rule 501(a) of Regulation D promulgated under the Act.
Investor is acquiring the Shares (the "SECURITIES") for its own account, for
investment purposes only and without a view toward the further distribution of
the Securities. Investor acknowledges that it has made an independent due
diligence investigation of Company and has reviewed each of the Reports at a
reasonable time prior to the execution of this Agreement. Investor has had the
opportunity to ask questions and receive answers concerning the business and
affairs of Company and the terms and conditions of the sale of the Securities
and to obtain any additional information (which Company possesses or can acquire
without unreasonable effort or expense) as may be necessary to verify the
accuracy of information furnished to Investor. Investor is highly sophisticated
in business and financial matters, and fully understands the transactions
described in this Agreement and the Registration Rights Agreement. Investor: (a)
is able to bear the loss of the entire principal amount of its investment in the
Securities without any material adverse effect on its business, operations or
prospects, (b) has such knowledge and experience in financial and business
matters that it is capable of evaluating the merits and risks of making its
investment in the Securities, (c) realizes that Company has a significant need
for additional financing, (d) realizes that its investment in the Securities is
highly speculative and subject to significant risks, including those risks
identified in the Reports, and (e) understands that the documents, including the
Reports, provided to Investor in connection with the transactions contemplated
hereby may contain forward-looking statements that involve risk and
uncertainties that could cause actual results to differ materially from those
stated.

         3.3 FOREIGN INVESTOR STATUS. Investor is not a "U.S. person" as that
term is defined in Rule 902(k) of Regulation S promulgated under the Act, and is
not purchasing the Securities for the account or benefit of a U.S. person.
Investor acknowledges and agrees that: (a) the Securities have not been
registered under the Act and may not, and will not, be offered or sold in the
United States or to U.S. persons unless the Securities are registered under the
Act, or an exemption from the registration requirements under the Act and
applicable state law is available, (b) Investor will resell the Securities only
in accordance with the provisions of Regulation S, registration under the Act or
an available exemption from registration, and (c) hedging transactions involving
the Securities may not, and will not, be conducted unless in compliance with the
Act.

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         3.4 RESTRICTED SECURITIES. Investor understands that the Shares are
characterized as "restricted securities" under the federal securities laws
inasmuch as they are being or will be acquired from Company in a transaction not
involving a public offering and that under such laws and applicable regulations
such securities may be resold without registration under the Act and applicable
state law only in certain limited circumstances. In this regard, Investor
represents that it is familiar with Rule 144 of the Act, as presently in effect,
and understands the resale limitations imposed thereby and by the Act. Investor
understands that it is accepting the Securities for investment purposes only and
without the view toward the further distribution of such securities except
pursuant to a registration statement that may be effective permitting the public
offer or sale of such securities or pursuant to an exemption from registration
under federal and applicable state laws. In the event Investor does attempt to
offer or sell the Securities in the circumstances contemplated by the preceding
sentence, Investor will do so only in accordance with the requirements of
federal and applicable state laws and interpretations thereof.

         3.5 RESTRICTIVE LEGENDS. Until such time, if ever, a registration
statement covering the Securities is filed and declared effective by the SEC, or
the distribution compliance period under Rule 903 and the holding period
requirement under Rule 144 under the Act expire, Investor understands that the
certificates evidencing the Securities will bear a legend substantially in form
provided under SECTION 5.2 of this Agreement.

         3.6 NO NON-PUBLIC INFORMATION. Investor is not in possession of, nor
has Company or its agents disclosed to Investor, any material non-public
information (not including the information relating to the negotiations for, and
the transaction contemplated by, this Agreement which could be considered
"material" and which have not yet been publicly announced) that if disclosed,
would reasonably be expected to have a materially adverse effect on the price of
the Common Stock, or which the Company would be required to disclose according
to applicable law, rule or regulation.

         3.7 NO BROKERS OR FINDERS. No person, entity, broker, finder,
investment banker or other intermediary, has been retained by or is authorized
to act on behalf of Investor, or is entitled to or could reasonably be expected
to be entitled to any brokerage, finder's or other fee or commission from
Company or Investor in connection with the negotiation, preparation, execution
or delivery of this Agreement or the transactions contemplated hereby.

4. CLOSING CONDITIONS.

         4.1 CONDITIONS TO CLOSING OF INVESTOR. Investor's obligation to
purchase the Shares at the Closing is subject to the satisfaction, or waiver by
Investor, of the following conditions:

                  (a) REPRESENTATIONS AND WARRANTIES. The representations and
warranties of Company set forth in this Agreement will be true and correct in
all material respects (except for those qualified as to materiality to the
extent that such representation or warranty speaks of an earlier date) as though
made on and as of the Closing.

                                       5
<PAGE>

                  (b) REGISTRATION RIGHTS AGREEMENT. Company will have executed
and delivered to Investor this Agreement and each of the Registration Rights
Agreement.

         4.2 CONDITIONS TO CLOSING OF COMPANY. Company's obligation to issue and
sell the Shares at the Closing is subject to the satisfaction, or waiver by
Company, of the following conditions:

                  (a) REPRESENTATIONS AND WARRANTIES. The representations and
warranties of each Investor set forth in this Agreement will be true and correct
in all material respects as of the date of this Agreement and as of the Closing
(except to the extent that such representation or warranty speaks of an earlier
date) as though made on and as of the Closing.

                  (b) RECEIPT OF PURCHASE PRICE. Company will have received the
Purchase Price, by wire transfer of immediately available funds to the account
designated by Company.

                  (c) RELATED AGREEMENT. Investors will have executed and
delivered to Company this Agreement and the Registration Rights Agreement.

5. RESTRICTIONS ON TRANSFER OF SHARES.

         5.1 RESTRICTIONS ON TRANSFERABILITY. The Shares may not be offered,
sold or otherwise transferred except in compliance with the registration
requirements of the Act and any other applicable securities laws, or pursuant to
an exemption therefrom. Company is required to refuse to register any transfer
of the Securities not made in accordance with the provisions of Regulation S,
pursuant to registration under the Act, or pursuant to an available exemption
from registration, and shall give stop transfer orders to its transfer agent
with respect to the Securities if necessary in order to enforce the foregoing
restrictions.

         5.2 RESTRICTIVE LEGEND. Each certificate representing the Shares will
contain a legend substantially to the following effect (in addition to any
legends required under applicable securities laws).

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         WITH THE SECURITIES AND EXCHANGE COMMISSION, OR THE SECURITIES
         COMMISSION OF ANY STATE, IN RELIANCE UPON AN EXEMPTION FROM
         REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"),
         AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT IN ACCORDANCE WITH
         THE PROVISIONS OF REGULATION S PROMULGATED UNDER THE ACT, PURSUANT TO
         AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR PURSUANT TO AN
         AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
         REGISTRATION REQUIREMENTS OF THE ACT, AND IN ACCORDANCE WITH APPLICABLE
         STATE SECURITIES LAWS.

                                       6
<PAGE>

         5.3 STATE SECURITIES LAW. The sale of the securities which are the
subject of this agreement has not been qualified with the commissioner of
corporations of the State of California and the issuance of the securities or
the payment or receipt of any part of the consideration therefor prior to the
qualification is unlawful, unless the sale of securities is exempt from the
qualification by section 25100, 25102 or 25105 of the California Corporations
Code. The rights of all parties to this agreement are expressly conditioned upon
the qualification being obtained unless the sale is so exempt.

6. GENERAL.

         6.1 AMENDMENTS AND WAIVERS. No modifications or amendments to, or
waivers of, any provision of this Agreement may be made, except pursuant to a
document signed by Company and the holders of a majority of the outstanding
Shares issued in the Placement.

         6.2 SUCCESSORS AND ASSIGNS. The provisions of this Agreement will inure
to the benefit of and be binding upon the successors and assigns of each of the
parties hereto. Notwithstanding the foregoing, neither Investor nor Company will
assign or delegate any of its rights or obligations under this Agreement.

         6.3 NO THIRD-PARTY BENEFICIARIES. No person or entity not a party to
this Agreement will be deemed to be a third-party beneficiary hereunder or
entitled to any rights hereunder. All representations, warranties or agreements
of Investor contained in this Agreement will inure to the benefit of Company.

         6.4 INTERPRETATION. The words "include," "includes," and "including"
when used herein will be deemed in each case to be followed by the words
"without limitation." This Agreement has been negotiated by the respective
parties hereto and their attorneys and the language hereof will not be construed
for or against any party. The words "hereof," "herein," "herewith," "hereby" and
"hereunder" and words of similar import will, unless otherwise stated, be
construed to refer to this Agreement as a whole and not to any particular
provision of this Agreement.

         6.5 SEVERABILITY. If any provision of this Agreement is held to be
illegal, invalid or unenforceable under present or future laws, then, if
possible, such illegal, invalid or unenforceable provision will be modified to
such extent as is necessary to comply with such present or future laws and such
modification will not affect any other provision hereof; provided that if such
provision may not be so modified, such illegality, invalidity or
unenforceability will not affect any other provision, but this Agreement will be
reformed, construed and enforced as if such invalid, illegal or unenforceable
provision had never been contained herein.

                                       7
<PAGE>

         6.6 DESCRIPTIVE HEADINGS. The descriptive headings used in this
Agreement are inserted for convenience of reference and are not intended to be
part of or to affect the meaning or interpretation of this Agreement.

         6.7 EXPENSES. Each party will pay all costs and expenses incurred by it
in connection with the execution and delivery of this Agreement and the
transactions contemplated hereby, including fees of legal counsel.

         6.8 FURTHER ASSURANCES. Each party to this Agreement will do and
perform or cause to be done and performed all such further acts and things and
will execute and deliver all such agreements, certificates, instruments and
documents as the other party hereto may reasonably request in order to carry out
the intent and accomplish the purposes of this Agreement and the consummation of
the transactions contemplated hereby.

         6.9 NOTICES. All notices, requests, claims, demands and other
communications under this Agreement will be in writing and will be deemed given
if delivered personally, by facsimile (with oral confirmation) or sent by
overnight courier (providing proof of delivery) to the parties at the following
addresses (or at such other address for a party as will be specified by like
notice):

If to Company:                            PPOL, Inc.
                                          11661 San Vicente Boulevard, Suite 901
                                          Los Angeles, California 90049
                                          Attn.  Richard H. Izumi
                                          Phone:   (310)  979-8513
                                          Fax:     (310) 979-8519

with a copy to:                           Mark. T. Hiraide, Esq.
                                          Petillon & Hiraide LLP
                                          21515 Hawthorne Blvd., Suite 1260
                                          Torrance, California 90503
                                          Phone:   (310) 543-0500
                                          Fax:     (310) 543-0550

If to Investor:                           K.K. Contents Provider Tokyo
                                          3-3-1 Toranomon, Minato-ku
                                          Tokyo, Japan
                                          Attn.  Eri Tsukahara
                                          Phone:   (03) 5467-2303
                                          Fax:     (03) 5467-2303

         6.10 ARBITRATION. Any controversy, dispute or claim of any nature
whatsoever arising out of, in connection with or in relation to this Agreement
or the Registration Rights Agreement, including the issue of arbitrability of
any such disputes, must be brought only in Los Angeles, California and will be
resolved by final and binding arbitration in accordance with the UNCITRAL

                                       8
<PAGE>

Commercial Arbitration Rules by a retired judge at JAMS. JAMS will be the
appointing authority, and the hearing will be held in Los Angeles, California.
The prevailing party in any dispute will be entitled to recover all attorney's
fees, costs and expenses in addition to other allowable costs.

         6.11 GOVERNING LAW. This Agreement and all acts and transactions
pursuant hereto and the rights and obligations of the parties hereto will be
governed by, and construed in accordance with, the internal law of the United
States and the State of California, without regard to conflicts of laws.

         6.12 COUNTERPARTS. This Agreement may be executed in counterparts, each
of which will be an original and all of which together will constitute one and
the same instrument.

         6.13 ENTIRE AGREEMENT. This Agreement and its Exhibits and the
Registration Rights Agreement collectively constitute the entire agreement among
the parties with respect to the transactions contemplated hereby, thereby and
related matters and collectively supersede any prior or contemporaneous
negotiations, understandings or agreements, both oral and written, with respect
hereto or thereto.

         The parties have executed this Agreement as of the date first set forth
above.

                                              COMPANY:

                                              PPOL, INC.

                                              /s/ Hisao Inoue
                                              ----------------------------------
                                              By: Hisao Inoue
                                                  Its Chief Executive Officer

                                              /s/ Masao Yamamoto
                                              ----------------------------------
                                              By: Masao Yamamoto
                                                  Its Chief Operating Officer

                                              INVESTOR:

                                              K.K. CONTENTS PROVIDER TOKYO

                                              /s/ Mitsuhisa Ogata
                                              ----------------------------------
                                              By: Mitsuhisa Ogata
                                                  Its Representative Director

                                       9

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