Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Actionview International, Inc. - Exhibit 10.1

 CHUANGRUN ADVERTISING 

 March 24, 2005 

  Action View (Far East) Ltd. 

  12/F Chuang’s City Tower

  35-39 Morrision Hill Road 

  Causeway Bay, Hong Kong 

Dear Sirs, 

 In reference to your attached installation schedule, this
  letter confirms the process for the advertising program that will be conducted
  by us regarding our present commitment for 150 Action View scrolling signs from
  Action View International (100 panorama and 50 double-sided bus stop signs).

 To back-up this commitment, Chuangrun Advertising (HK) Limited
  has signed a contract with the Guangzhou airport to install 150 scrolling signs
  and to sell advertising on these signs. In addition, we have secured advertising
  commitments for the available advertising poster space on the signs for the
  next year which will be confirmed to us in the form of specific purchase orders
  from the Ad Agencies based on the installation schedule. We understand the continuous
  disclosure requirement of public companies, like Action View, and accordingly
  will forward copies of these purchase orders to you as soon as we receive them.

The advertising rates for each advertisement poster are as follows:
	 i.      	 on the 100 panorama signs (3 advertisement posters per sign) RMB 128,000
      per sign per month 
	 	 
	 ii.      	 on the 50 of 4 x 6 free-standing double-sided bus station signs RMB 120,000
      per sign per month 

 If there are any changes to your installation schedule please
  inform us one week prior to installation. 

 We look forward to working with you on this very important
  piece of business for both of our companies. 

Yours truly, 

“Company Chop / Seal” 

 President 

  Chuangrun Advertising (HK) LimitedFiled by Automated Filing Services Inc. (604) 609-0244 - ActionView Advertising Systems, Inc. - Exhibit 10.2

AGREEMENT

DATE: - The 14th day of June 2004. 

PARTIES: -  

	A)	 Chuangrun Advertising (H.K.) Limited, a corporation
        incorporated in Hong Kong with registration no. 732300 and having its
        registered office
        at Room 1117, Lai Mei House, Lai Kok Estate, Shamshuipo, Kowloon, Hong
        Kong (hereinafter referred to as “Chuangrun”) represented
    by its legal representative Mr. Cai Han-Xiong; and 

	 	

	B) 	Actionview Far East Limited, a corporation incorporated
        in Hong Kong with registration no. 883979 and having its registered office
        at 12/F, Chuang’s City Tower No. 35-39 Morrison Hill Road, Wanchai,
        Hong Kong (hereinafter referred to as 'Actionview') represented by its
        legal representative Mr. Justin Kwei. 

WHEREAS: 

	1. 	ActionView Advertising Systems, Inc. of Canada has developed and owns
        a proprietary backlit-scrolling billboard advertising system (defined in
    Clause 1 and hereinafter referred to as the Display System). 

	 	

	2. 	 ActionView Advertising Systems, Inc. is a shareholder of Actionview
        and has duly licensed ActionView to market and distribute the Display System
        and to grant sub-licences of the Display System and the Proprietary Rights
        (as defined hereunder) to
  third parties in Asia. 

	 	

	3. 	 Actionview and Chuangrun have agreed to co-operate in providing advertising
    service to customers in Guangzhou, PRC using the Display System. 

IT IS HEREBY MUTUALLY AGREED as follows: 

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	1  	DEFINITIONS AND INTERPRETATION 
	 	 
	 	1.1	  For the purpose of this Agreement, the following expressions shall
        bear
  the
  respective meaning set forth below. 

	 	 	

	 	 	 Business: the business of advertising by means of the Display
    System. 

	 	 	

	 	 	 Display Unit: means a unit of the Display System deployed in
        the Business of either 1m. x 1.5 m. or 1.2 m. x 1.8 m. or 1.5m x 4.5m such
    other dimensions as the parties may agree from time to time. 

	 	 	

	 	 	 Display System: means the Actionview backlit scrolling billboard
    including the built-in controlling software. 

	 	 	

	 	 	 Effective Date: as defined in Clause 6. 

	 	 	

	 	 	 Force Majeure: means, in relation to either party, any circumstances
    beyond the reasonable control of that party 

	 	 	

	 	 	 Hong Kong: the Hong Kong Special Administrative
    Region of the PRC 

	 	 	

	 	 	Manual: the operation manual produced by Actionview as amended
    from time to time by Actionview in respect of the Display System 

	 	 	

	 	 	Patents: means all patents now or hereafter held (including but
        not limited to patents now in the course of registration) by ActionView
    Inc. and/or ActionView relating to the Display System or any part thereof. 

	 	 	

	 	 	Premises: the locations proposed to be used by Chuangrun for the
    installation of Display Units 

	 	 	

	 	 	PRC: the People’s Republic of China 

	 	 	

	 	 	Proprietary Rights: means the Patents, Trade Marks, Trade Names
    and the package of 

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	 	 	industrial and intellectual property
        rights relating to all trade marks, trade names, logos, insignia, models,
        designs, copyrights, know-how, drawings, plans and/or patent in connection
        with the Display System and/or the Manual licensed by ActionView Inc.
        to ActionView. 

	 	 	

	 	 	Restricted Information: means
        any information which is disclosed by either party to this agreement to
        the other pursuant to or in connection with this agreement (whether orally
        or in writing, and whether or not such information is expressly stated
        to be confidential or marked as such) 

	 	 	

	 	 	Revenue: means the gross turnover
        derived from the Business by Chuangrun whether or not invoiced, less business
        tax and supplemental tax payable to the PRC tax authorities. 

	 	 	

	 	 	 Term: means the term of this
        agreement as defined in Clause 6 below. 

	 	 	

	 	 	 Territory: means Guangzhou City
        of the PRC. 

	 	 	

	 	 	 Trade Marks: means 'ActionView'
        or any other trade mark (whether registered or not), which may now or
        hereafter be used by ActionView Inc. and/or ActionView in connection with
        the Display System Trade Names: means 'ActionView' or any other
        trade name (whether registered or not) which may now or hereafter be used
        by ActionView Inc. and/or ActionView in connection with the Display System
      

	 	 	 
	 	1.2 	The headings in this agreement are for convenience only and
      shall not affect its interpretation.
	 	 	 
	 	1.3	 Unless otherwise expressly stated to the contrary or the
      context otherwise requires, 
	 	 	 
	 	 	a) 	 words and expressions in the singular shall include the plural and vice
    

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	 	 	 	versa; and 
	 	 	 	 
	 	 	b) 	 words and expressions in one gender shall include all other genders. 
	 	 	 	 
	2  	 RESPONSIBILITIES OF THE PARTIES 
	 	 	 	 
	 	2.1 	Chuangrun shall 
	 	 	 	 
	 	 	2.1.1 	procure Premises within the Guangzhou Metro System, the Guangzhou
        Airport at Huadu, and such other locations within the City of Guangzhou,
    P.R.C. for installation of Display Units ;

	 	 	 	

	 	 	2.1.2 	enter into such lease, licence or other agreement with such party
    as may be necessary for the use of Premises; 

	 	 	 	

	 	 	2.1.3 	install Display units at the premises and maintain the Display
    units at all times in good clean operational condition ; 

	 	 	 	

	 	 	2.1.4 	use its best endeavour to promote the Business ; 

	 	 	 	

	 	 	2.1.5 	enter into binding contracts with advertiser and/or other users
    of the Display Units by itself or through its approved agents ;

	 	 	 	

	 	 	2.1.6 	perform and observe all the terms and conditions contained in the
        aforesaid lease, license or other agreement mentioned in Clause 2.1.2 and
    contracts mentioned in 2.1.5 ;

	 	 	 	

	 	 	2.1.7 	be responsible for the collection of Revenue from advertisers and
    other users of the Display Units 

	 	 	 	 
	 	2.2 	Actionview shall 
	 	 	 	 
	 	 	2.2.1 	supply Display Units to Chuangrun and deliver the same to Chuangrun
        in Guangzhou and provide technical support for installation
  ;

	 	 	 	 
	 	 	2.2.2 	 supply spare parts for the Display Units 

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	 	 	2.2.3	 provide product training and technical support 
	 	 	 	 
	 	 	2.2.4 	 be responsible for the costs of transporting Display Units to
    Premises within the
Territory. 
	 	 	 	 
	3  	RIGHTS GRANTED TO CHUANGRUN 
	 	 	 	 
	 	3.1 	For the sole purpose of the operation of the Business from the Premises,
        Actionview grants Chuangrun for the Term of the Agreement, the following
    rights:

	 	 	 	 
	 	 	3.1.1	 the right and licence to use the Proprietary Rights and the Display
    System; 
	 	 	 	 
	 	 	3.1.2	 the right to receive all Actionview's know-how, training and assistance
    as indicated below; 
	 	 	 	 
	 	3.2 	Chuangrun shall use the rights granted under Clause 3.1 in accordance
        with the terms and within the limits stated herein and shall perform each
        of its
  obligations provided for herein. 

	 	 	 
	 	3.3 	 Chuangrun shall not use the rights hereby
        for any purpose other than the operating of the Business from the Premises
    or use them after the termination of this Agreement, howsoever caused. 

	 	 	 
	 	3.4 	 The grant of all such rights to Chuangrun
        shall be conditional (and continue to be conditional during the Term of
        the Agreement) upon Chuangrun observing in full its obligations set forth
    in Clauses 3.2 and 3.3 above. 

	 	 	 
	4 	 LEGAL STATUS OF THE PARTIES 
	 	 	 
	 	4.1 	 Chuangrun shall conduct the Business as
    an independent business operator in its own name and on its own account. 
	 	 	 
	 	4.2 	 Chuangrun shall operate the Business in
    compliance with all applicable laws and

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	 	 	regulations and shall apply for, obtain and have renewed all permits,
      authorizations
  and licences required for the operation of the Business at its own expense. 

	 	 	

	 	4.3 	Neither party is an employee, agent, sales representative, nor a
        partner of the other. Neither party shall hold itself out as such or as
        having any power nor authority to enter into contracts in the name of to
        other, or to commit the other in any way to any third parties or to incur
    any obligation on behalf of the other. 

	 	 	 
	5  	RESTRAINTS ON CHUANGRUN 
	 	 	 
	 	5.1 	 During the Term of the Agreement, Chuangrun shall not: 
	 	 	 
	 	 	5.1.1 	Install Display Units at any location other than the Premises without
        the prior consent in writing of Actionview which consent shall not be unreasonably
        withheld; (provided that if ActionView is unable to supply the Display
        Units, Chuangrun is
  entitled to cooperate with any third party); 

	 	 	 	

	 	 	5.1.2 	use the Proprietary Rights otherwise than in relation of the operation
    of the Business. 

	 	 	 	

	 	 	5.1.3 	have the right to grant any further sub-licence to the Proprietary
    Rights or part thereof to any third party; 

	 	 	 	

	 	 	5.1.4 	conduct the Business or any part thereof by or through any agent
        without the prior written consent of ActionView, which consent shall be
        unreasonably
  withheld. 

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	6 	TERM 
	 	 	 	 
	 	 Subject to the provisions of Clauses 16 and 17 below, the Agreement
        shall come into force on 2004 (hereinafter referred to as the Effective
    Date) and continue in force for a term of 5 (five) years. 

	 	 	 	 
	7 	 OBLIGATIONS OF ACTIONVIEW 
	 	 	 	 
	 	7.1 	 After the execution of this Agreement, Actionview shall deliver
        the first consignment of Display Units to Chuangrun in accordance with
        Schedule 1 to this agreement. During the Term, ActionView shall negotiate
        and agree with Chuangrun on the quantity and delivery schedule of Display
        Units to be delivered to Chuangrun based on the progress of production
        and the requirements of the market. All Display Units shall remain the
    property of Actionview during and after the Term. 

	 	 	 	 
	 	7.2 	 Actionview shall provide Chuangrun from time to time with: 
	 	 	 	 
	 	 	7.2.1	 plans and specifications for the installation of Display Units
    at the Premises insofar as not included in the Manual; 
	 	 	 	 
	 	 	7.2.2 	such general supervision of the preparation of the Premises for
    installation as Actionview shall consider appropriate; 
	 	 	 	 
	 	7.3	 After the execution of this Agreement, Actionview shall deliver a
        copy of the Manual to Chuangrun on loan. Actionview shall be entitled to
        update the Manual from time to time provided that Actionview shall forward
        to Chuangrun on
  loan full written particulars of such updates. 

	 	 	 	 
	 	 	7.3.1 	 After the execution of this agreement ActionView shall provide
      initial training to
  instruct Chuangrun in the Display System, as ActionView may consider 

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	 	 	 	necessary for running the Business. 

	 	 	 	

	 	 	7.4.1	 This training shall be attended by personnel from Chuangrun for
        a period of 1 day. The date and place of the training shall be agreed between
    the parties. 

	 	 	 	

	 	 	7.4.2 	The costs of such training shall be borne by Actionview, save the
        travelling and accommodation expenses of the individuals, which shall be
    borne by Chuangrun. 

	 	 	 	 
	 	7.5	 Actionview shall deliver
        to Chuangrun and keep in Chuangrun’s
        warehouse in Guangzhou sufficient spare parts for Chuangrun to carry
        out the maintenance works wi with an average response time of 4 hours
        PROVIDED
    THAT:

	 	 	 	 
	 	 	7.5.1	  Property in the spare parts shall remain with
        Actionview throughout as well as after the Termt.
  Chuangrun shall store Actionview’s spare parts its warehouse separately
  from all other goods stored therein and clearly marked as property of Actionview. 

	 	 	 	

	 	 	7.5.2 	 Chuangrun shall keep complete and accurate records of the stock
        and usage of spare parts and shall allow Actionview to inspect such records
    from time to time upon reasonable prior request. 

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	8 	OBLIGATIONS OF CHUANGRUN 
	 	 	 
	 	8.1	  Chuangrun shall use its best endeavours to promote and
        expand the Business within the Territory and collaborate with Actionview
        and protect
    its interests with the diligence of a responsible businessperson. 

	 	 	

	 	8.2 	 Chuangrun shall conduct the Business in full compliance
        with all operational systems, procedures, policies, methods and requirements
        prescribed
        in the Manual as well as in any supplemental notices, revisions or amendments
    thereto. 

	 	 	

	 	8.3 	 Chuangrun acknowledges that the Manual and all such additional
        and supplemental materials shall at all times remain the sole and exclusive
        property of Actionview and the copyright therein shall at all times remain
    and/or vest in Actionview. 

	 	 	

	 	8.4	  Chuangrun shall, at its own expense,
        keep the Premises clean and in good
  condition and according to Actionview’s instructions as set forth in
  the Manual. 

	 	 	

	 	8.5	  Chuangrun shall hire a sufficient number of employees,
        suitably qualified to operate
   the Business and to meet all likely demands of its customers. 

	 	 	 
	 	8.6 	Chuangrun shall keep true and complete documentation
        and accounting records concerning the Business and Revenue including but
    not limited to

	 	 	 	 
	 	 	8.6.1 	 Contracts with advertisers and third parties for the use of the
    Display Units; and

	 	 	 	

	 	 	8.6.2	 Invoices
  issued to such advertisers and third parties 

	 	 	 	

	 	 	8.6.3	 All evidence of receipts of Revenue and payment of tax. And allow
        Actionview to inspect and take copy of such documentation and records upon
    48 hours prior notice 

	 	 	 	 
	 	8.7 	 Chuangrun shall establish a good system of financial control and
    take all practicable

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	 	 	steps to prevent late payment or default in payment
        of Revenue by third parties. When necessary. Chuangrun shall take timely
        legal action against
        defaulters and report to Actionview from time to time on such action.
        All costs in relation to such legal action shall be borne by Chuangrun.
        If
        it proves to be unable to recover the money from the third party in such
        legal action, Actionview shall bear proportion of the total costs of
        the legal action. The proportion that Actionview shall bear is equal
        to Actionview’s
    share of Revenue in respect of the irrecoverable amount. 

	 	 	 
	 	8.8 	 Chuangrun shall pay all taxes payable to PRC tax authorities in
    respect of the Business
and the Revenue. 
	 	 	 
	9 	 IMPROVEMENTS MADE BY ACTIONVIEW 
	 	 	 
	 	9.1	 If Actionview makes any improvements to the Display System, it shall
        without delay communicate the same to Chuangrun and Chuangrun shall without
        delay use such improvements, free of all further royalties, charges or
        payment whatsoever, at the time and in the manner specified by Actionview
    in writing. 

	 	 	 
	10  	 IMPROVEMENTS MADE BY CHUANGRUN 
	 	 	 
	 	 Chuangrun shall notify Actionview any improvements, which shall be made
        to the Display System to be useful to the operation of the Business and
        shall grant Actionview a permanent, royalty-free, exclusive and worldwide
        license with respect to said
  improvements, including the right to sub-license. 

	 	 	 
	11 	 REPRESENTATIONS BY ACTIONVIEW/OBLIGATIONS OF ACTIONVIEW 

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	 	11.1 	Actionview represents that: 
	 	 	 	 
	 	 	11.1.1	 it is duly licensed by ActionView Advertising Systems, Inc. to
        use the Proprietary Rights, including the right to grant sub-licences thereof
    to Chuangrun in the manner set out in this agreement; 

	 	 	 	

	 	 	11.1.2	 as far as Actionview is aware, the use by Chuangrun of the rights
        granted under Clause 3 of this agreement does not infringe the rights of
    any third party within the Territory; 

	 	 	 	

	 	 	11.1.3	 it is not aware, at the time of the execution of this Agreement,
        of any action, claim or proceedings brought or threatened in respect of
    any of the Proprietary Rights. 

	 	 	 	 
	12	 REPRESENTATIONS BY CHUANGRUN/OBLIGATIONS 
	 	 	 
	 	12.1 	Chuangrun acknowledges that
        Actionview Advertising Systems, Inc. is the owner and Actionview is the
        licensee of the Proprietary Rights, and all proprietary titles, and interest
        in the Display System and the goodwill associated therewith and that such
        goodwill shall inure to and be at all times vested in ActionView Advertising
    Systems, Inc. and Actionview exclusively. 

	 	 	

	 	12.2 	 Chuangrun shall use the
        Proprietary Rights, only in the manner required or authorized and permitted
    by Actionview and only in connection with the operation of the Business. 

	 	 	

	 	12.3 	 Chuangrun shall not register
        or attempt to register any of the Trade Marks, Trade Names and any other
        Proprietary Rights (or any other name, mark or design used in t the System)
        in Chuangrun's name or that of any other person,
  firm, entity or corporation. 

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	 	12.4	 Chuangrun shall not, without Actionview's prior written
        consent, register any company name or trade mark or make use of any business
        name incorporating any of the Trade Names or Trade Marks or other Proprietary
        Rights or other such names or marks or incorporating any similar-sounding
        name which is confusingly similar to, or unfairly competing with, any of
    the Trade Marks or Trade Names or other such names or marks. 

	 	 	

	 	12.5	  If Chuangrun becomes aware of any infringement or
        threatened infringement of any of the Trade Marks, Trade Names or Patents
        or any other registered Proprietary Rights or any act of unfair competition
        or any act likely to impair the goodwill or reputation of/or associated
        with any of the Trade Marks or Trade Names, or of any claim asserted by
        a third party in respect of the use of any of the aforesaid within the
        Territory, Chuangrun shall promptly give Actionview full particulars of
    such circumstance. 

	 	 	

	 	12.6	 Actionview shall have the conduct of all proceedings
        relating to the Trade Marks or Trade Names or Patents or any other registered
        Proprietary Rights or any other such name, mark or patent and Actionview
        shall in its sole discretion decide what action (including an action at
        law, an arbitral proceeding or an out-of-court settlement) to take, if
        any, with respect to any infringement of the aforesaid or any claims asserted
    by any third party in relation thereto. 

	 	 	

	 	12.7	 Chuangrun shall provide Actionview with full assistance
        and cooperation in any action, claim or proceedings brought or threatened
        in respect of any of the Trade Marks or Trade Names or Patents or any other
        registered Proprietary Rights or any other such name, marks or Patents
        and at the request of Actionview shall join with Actionview in such action
        or proceedings, provided it has a cause of action under the applicable
    law - it being 

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	 	 	understood that all costs incurred in connection with this assistance/actions
      will be borne
  by Actionview. 

	 	 	

	 	12.8 	 During the Term of the Agreement, Chuangrun must
        expressly identify itself as a licensee (and not the owner) of the Trade
        Marks and Trade Names on all invoices, order forms, receipts, business
    stationery, and contracts. 

	 	 	

	 	12.9 	 If so requested by Actionview, Chuangrun shall arrange
        for the execution of a formal Trade Mark license and the registration thereof
        at the Trade Marks Registry or Registries of the Territory, at its own
        expense and shall make any other necessary filings under national law to
    reflect its status as a licensee. 

	 	 	

	 	12.10	 Chuangrun must comply with Actionview's instructions
        in filing and maintaining any requisite Trade Names and Trade Marks registrations
        and must execute any documents Actionview or its counsel deems necessary
        to obtain protection for the Trade Marks or the Trade Names and to maintain
    their continued validity and enforceability. 

	 	 	

	 	12.11 	Chuangrun expressly acknowledges and agrees that: 

	 	 	 
	 	 	12.11.1	any and all goodwill arising from Chuangrun's use of the
        Proprietary Rights in accordance with the Display System is solely and
        exclusively for Actionview's benefit, and upon expiration or termination
        of this Agreement, no monetary amount will be assigned as attributable
        to any goodwill associated with Chuangrun's use of the Display System or
    the Proprietary Rights;

	 	 	 	

	 	 	12.11.2 	Actionview reserves the right to add and/or substitute
        different Proprietary Rights for use in identifying the Display System
    and the businesses operating under the Display System. 

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	13 	REVENUE SHARING 
	 	 	 	 
	 	13.1 	Chuangrun shall pay Actionview 30% of the Revenue.
    
	 	 	 	 
	 	13.2 	 Notwithstanding clause
        13.1, Chuangrun shall pay Actionview the following minimum revenue for
        each Display Unit within 6 months from its date of delivery to Chuangrun:

	 	 	 	 
	 	 	13.2.1 	RMB ¥25,200.00 if it is a 1M x 1.5M Display Unit; or 
	 	 	 	 
	 	 	13.2.2 	 RMB ¥25,200.00 if it is a 1.2M x 1.8 M Display Unit ; or 
	 	 	 	 
	 	 	13.2.3 	 RMB ¥94,500.00 if it is a 1.5M x 4.5M Display Unit. 
	 	 	 	 
	 	13.3 	Conditional upon Actionview
        having received the minimum revenue as set out in Clauses 13.2.1 or 13.2.2
        or 13.2.3 as the case may be, and for the 1st to the 6th month counted
        from the date of receipt by ActionView of the said minimum revenue, Actionview’s
        share of Revenue shall be decreased to 25% in respect of that Display
        Unit. 

	 	 	

	 	13.4 	 Conditional upon ActionView
        having received the minimum revenue as set out in Clauses 13.2.1 or 13.2.2
        or 13.2.3 as the case may be, and for the 1st to the 6th month counted
        from the date of receipt by ActionView of the said minimum revenue onwards,
        Actionview’s share of Revenue in respect of that Display
        Unit shall be further reduced to 20%. 

	 	 	

	 	13.5 	 For the avoidance of doubt,
        notwithstanding Clause 13.3 or 13.4 Actionview’s share of Revenue
        in respect of other Display Units in respect of which Actionview has not
        been paid the aforesaid target revenue for Actionview shall remain at
        30% throughout the term of this agreement. 

	 	 	

	 	13.6 	 Within 14 days after the
        end of each month, Chuangrun shall deliver to Actionview a true and accurate
        statement of the month’s total Revenue with detailed breakdown by
        each Display Unit and customer. 

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	 	13.7 	Chuangrun shall, within 30 days of receipt of Actionview’s
        invoice on its share of Revenue or the minimum revenue pursuant to Clause
        13.2, pay to Actionview in Hong Kong and in Hong Kong dollars (at the
        exchange rate between Hong Kong dollars and Renminbi published by the
        People’s Bank of China on the date of payment) the amount due to
        Actionview without any demand. Chuangrun shall not make any deduction
        or set-off from the amount payable to Actionview save and except the administrative
        fee set out in Clause 

	 	 	 
	 	13.8. 	Chuangrun shall cause the payment to be paid to the following bank account:
	 	 	 
	 	 	Bank and Branch:            Hong
      Kong and Shanghai Banking Corporation Limited 

      Account Name:               Actionview
      Far East Limited 

      Account No.:                   404-160145-001
	 	 	 
	 	 	Or such other bank account as Actionview may hereafter inform Chuangrun
      in writing. 
	 	 	 
	 	13.8 	 Chuangrun shall be entitled to deduct from the amount
        payable to Actionview an administrative fee equivalent to 2% of such amount.
      

	 	 	 
	 	13.9 	 In any case Chuangrun having received Revenue but
        fails to pay Actionview’s share of Revenue in full or fails to pay
        Actionview the minimum revenue in accordance with Clause 13.2, Chuangrun
        shall pay interest on the amount due and unpaid at the rate of 0.3% per
        day, such interest shall be payable from the due date for payment until
        the actual date of payment whether before or after any judgement is given
        by any court having jurisdiction. 

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	14	CONFIDENTIALITY 
	 	 	 	 
	 	14.1 	 Except as provided by clauses 14.2 and 14.3,
        each of Chuangrun and Actionview
  shall at all times during the continuance of this agreement and after its termination: 

	 	 	 	 
	 	 	14.1.1 	 use its best endeavours to keep all Restricted Information confidential
      and
  accordingly not to disclose any Restricted Information to any other person; and 

	 	 	 	 
	 	 	14.1.2 	 not use any Restricted Information for any purpose other than
    the performance of the
obligations under this agreement. 
	 	 	 	 
	 	14.2 	Any Restricted Information may be disclosed
    by either party to: 
	 	 	 	 
	 	 	14.2.1 	 any customers or prospective customers of the Business on a need
    to know basis 
	 	 	 	 
	 	 	14.2.2 	 any governmental or other authority or regulatory body; or 
	 	 	 	 
	 	 	14.2.3	 any employee of that party or of any of the afore mentioned persons,
        to such extent only as is necessary for the purposes contemplated by this
        agreement, or as is required by law and subject in each case to the discloser
        using its best endeavours to ensure that the person in question keeps the
        same confidential and does not use the same except for the purposes for
    which the disclosure is made. 

	 	 	 	 
	 	14.3 	Any Restricted Information may be used by either party for any purpose,
      or
  disclosed by either party to any other person, to the extent only that: 

	 	 	 	 
	 	 	14.3.1	  it is at the date hereof, or hereafter becomes,
        public knowledge through no fault of that party (provided that in doing
        so the discloser shall not disclose any Restricted Information which is
        not public knowledge); or 

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	 	 	14.3.2 	 it can be shown by the discloser, to the reasonable
        satisfaction of the other party, to have been known to it prior to its
        being disclosed by the other party to the discloser. 

	 	 	 	 
	15	 FORCE MAJEURE 
	 	 	 	 
	 	15.1 	 If either party is affected
        by Force Majeure it shall forthwith notify the other party of the nature
        and extent thereof. 

	 	 	
	

	 	15.2 	Neither party shall be deemed
        to be in breach of this agreement, or otherwise be liable to the other,
        by reason of any delay in performance, or non-performance, of any of its
        obligations hereunder to the extent that such delay or non-performance
        is due to any Force Majeure of which it has notified the other party;
        and the time for performance of that obligation shall be extended accordingly.
      

	 	 	
	

	 	15.3 	 If the Force Majeure in
        question prevails for a continuous period in excess of six months, the
        parties shall enter into bona fide discussions with a view to alleviating
        its effects, or to agreeing upon such alternative arrangements as may
        be fair and reasonable. 

	 	 	 	 
	16 	 TERMINATION 
	 	 	 	 
	 	16.1	 If either party at any
        time commit any material breach of any terms, covenants or representations
        herein contained and shall fail to remedy any such breach within 30 days
        after written notice given hereof by the other party, this Agreement shall
        terminate automatically (i.e. without the need for the non-defaulting
        party to obtain a Court's decision in this respect) upon the expiration
        of the above mentioned period. 

17

	 	16.2 	Without prejudice to the
        application of Clause 16.1, either party (hereafter called the “Innocent
        Party”) shall be entitled to terminate this Agreement, with immediate
        effect (i.e., without the need to obtain a Court's decision in this respect)
        by written notice to such effect to the other party (hereafter called
        the “Wrongful Party”): 

	 	 	 	 	 
	 	 	16.2.1	 if the wrongful party shall be liquidated,
        becomes insolvent or suffers any other insolvency or bankruptcy process
        or seeks any protection from its creditors or is unable to pay its debts
        as and when they fall due; 

	 	 	 	 	 
	 	 	16.2.2	 if the wrongful party ceases to do business,
        or otherwise forfeits the right to do or transact business in the jurisdiction
        where the Premises are located. 

	 	 	 	 	 
	 	 	16.2.3 	If	  
	 	 	 	 	 
	 	 	 	16.2.3.1 	all or a substantial part of the capital
        stock or other property assets or interests of the Wrongful Party is acquired
        by any third party, or 

	 	 	 	 	

	 	 	 	16.2.3.2	 a major change in the allocation of
        the voting rights held in respect of the Wrongful party occurs

	 	 	 	 	

	 	 	 	16.2.3.3	 the Wrongful Party merges with any
        third party or

	 	 	 	 	

	 	 	 	16.2.3.4 	 there shall be a change in the ownership
        of 50% or more of the shareholdings in the Wrongful Party from that existing
        at the date of this Agreement fails to give any prior written consent
        to the Innocent Party 

	 	 	 	 	 
	 	 	 	the Innocent Party may in its own discretion terminate this
      Agreement with immediate effect (without need to obtain a Court's decision
      in this respect). 
	 	 	 	 	 
	17	 EFFECTS/OBLIGATIONS UPON TERMINATION
      
	 	 	 	 	 
	 	17.1 	 Upon termination or expiration of this Agreement,
      all rights granted hereunder to 

18

	 	 	Chuangrun shall forthwith
        terminate, and Chuangrun shall observe and perform the following: 17.1.1
        Chuangrun shall immediately cease to operate the Business and shall not
        thereafter, directly or indirectly, represent to the public or hold itself
        out to have any business relation with Actionview. 

	 	 	 	 	 
	 	 	17.1.2 	 Chuangrun shall allow, and procure all
        relevant third parties to allow, Actionview to have access to the Premises
        and remove all Display Units within 30 days. The costs of removal and
        transportation of Display Units from Premises shall be borne by ActionView.
        

	 	 	 	 	

	 	 	17.1.3 	 Chuangrun shall immediately and permanently
        cease to use, in any manner whatsoever, any format, confidential methods,
        programs, procedures and techniques associated with the Display System,
        the Trade Names/Trade Marks and any other Proprietary Rights. In particular,
        Chuangrun shall cease to use, without limitation, all advertising materials
        or promotional displays, uniforms, stationery, forms and any other articles,
        which display the Trade Marks/Trade Names.

	 	 	 	 	

	 	 	17.1.4 	Chuangrun shall promptly pay. 

	 	 	 	 	

	 	 	 	17.1.4.1	 Actionview’s share in all amounts received
        from advertisers and other users of Display Units (whether actually received
        by Chuangrun in its account or not) up to the date of termination or expiration
        of this agreement; and 

	 	 	 	 	

	 	 	 	17.1.4.2	all other sums due and payable to ActionView 

19

	 	 	17.1.5 	Chuangrun shall immediately return Display Units, which are not,
        installed at Premises all unused spare parts to. The transportation costs
    thereof shall be borne by Actionview. 

	 	 	 	

	 	 	17.1.6 	 Chuangrun shall immediately return to Actionview
        all copies of all proprietary materials delivered by Actionview to Chuangrun
        under this
        Agreement, including the Manual, all records, files, instructions, correspondence,
        brochures, agreements, disclosure statements and any material bearing
        Confidential Information any and all other materials provided on loan
        and relating to
        the operation of the Business in Chuangrun's possession (in each case
        in whatsoever media or format the same shall be recorded), and all copies
        thereof (all of which are acknowledged to be Actionview's property),
        and
        shall retain no copy or record of any of the foregoing excepting only
        Chuangrun’s
        copy of this Agreement, any correspondence between the parties and any
        other documents which Chuangrun reasonably needs for compliance with
        any provision of law. All costs of delivering all materials required
        by this
        Clause 18 shall be borne by Chuangrun. In addition to the foregoing,
        Chuangrun shall immediately turn over to Actionview any and all signs,
        software and/or
    other property under lease or license from Actionview.

	 	 	 	 
	 	17.2 	 The termination or expiration of this agreement shall not prejudice
        any right or liability accrued to either party under the terms of this
    agreement before the termination or expiration. 

	 	 	 	 
	 	17.3	  Upon termination or expiration of this agreement, 
	 	 	 	 
	 	 	17.3.1	  Clauses 1, 7.1 (in relation to Actionview’s property rights
      in Display Units), 8.3, 12.1,
  12.2, 12.3, 12.4, 12.6, 12.11, 13.8 (relating to Chuangrun’s responsibilities
  for tax 

20

	 	 	 	payable to the PRC tax authorities), 14, 17, 18, 19, 20, 21 and 22 shall
      survive and
  continue to be valid and binding on the parties. 

	 	 	 	

	 	 	17.3.2 	Clauses 7.5.1 and 7.5.2 shall survive and continues to be valid
        and binding on the parties before Chuangrun has fully performed its obligations
    under Clause 17.1.5. 

	 	 	 	

	 	 	17.3.3 	 Clauses 8.6, 13.7, 13.8 and 13.9 shall survive and continues
        to be valid and binding on the parties before Chuangrun has fully performed
        its obligations
  under Clause 17.1.4. 

	 	 	 	 
	18	SEVERABILITY 
	 	 	 
	 	18.1	  Should any clause be considered invalid
        or unenforceable by the judgement of a Court of competent jurisdiction
        or award of an Arbitral Tribunal, all other provisions shall remain in
        full force and effect and shall not be affected therefore for the Term
    of the Agreement. 

	 	 	 
	 	18.2	  The parties agree, however, to replace,
      when possible, any provision declared invalid by a provision, which shall
      reflect their initial intent, as objectively and consistently as possible
      and in accordance with the basic relationship existing
between the parties. 
	 	 	 
	19 	 	 ENTIRE AGREEMENT 
	 	 	 
	 	19.1 	This Agreement sets forth the entire agreement
        and understanding of the parties hereto relating to the subject matter
        contained herein and merges all prior discussions between them and neither
        party shall be bound by any previous agreements, negotiations, commitments
    and writings other than as expressly stated in this Agreement. 

	 	 	 
	 	19.2 	 This Agreement may not
        be changed, modified or supplemented in any manner orally or otherwise
        except by an instrument in writing signed by a duly authorized representative
        of each of the parties hereto. 

21

	20	 NO WAIVER 
	 	 	 
	 	20.1 	 The non-enforcement of any provision contained in
        this Agreement shall not be construed by either party as a waiver of the
        right to enforce the provision at another time under different circumstances
        and/or enforce other provisions of this Agreement. 

	 	 	

	 	20.2 	 In particular, the failure of either of the parties
        hereto to claim damages or to terminate this Agreement by reason of the
        breach of any of the provisions hereof by the other party shall not stop
        the party not in default from thereafter claiming damages or terminating
        this Agreement by reason of any subsequent breach of any of the provisions
        hereof. 

	 	 	 
	21  	APPLICABLE LAW 
	 	 	 
	 	 This Agreement is governed
        by the law of Hong Kong and the parties agree to submit to the non-exclusive
        jurisdiction of the Hong Kong courts. 

	 	 	 
	22 	 LANGUAGE AND COUNTERPARTS 
	 	 	 
	 	 This agreement is executed
        in duplicate and in the English and Chinese languages. The English version
        and the Chinese version shall be equally valid. 

	 	 	 
	24 	FURTHER ASSURANCE 
	 	 
	 	 Chuangrun and ActionView
        agrees to negotiate in good faith and execute such further documents or
        agreements and do all such things reasonably necessary to carry out the
        provisions of this agreement, including, without limitation, the facilitation
        of legally remitting ActionView’s share of Revenue from China. 

22

SCHEDULE 1 [Delivery Schedule]

	
Size
		
Quantity 
		 Delivery Date
	
1m x  1.5m 		
10 sets	
On or before  20th June, 
	2004
	
1.2m 
	x  1.8m 		
2 sets	
Already delivered
	
	
1.5m 
	x  4.5m 		
1 set	
On or before  30th June, 
	2004

	
For and behalf of 
		
For and behalf of 
	
	
CHUANGRUN ADVERTISING (H.K) LIMITED 
		
ACTIONVIEW FAR EAST LIMITED 
	
	 

		 
	
“Adrian Cai” 
		
“Justin Kwei” 
	
	
(Authorised Signature) 
		
(Authorised Signature) 
	
	 

		 
	
Chuangrun Advertising (HK) Limited 
		
Actionview Far East Limited 
	
	
By Adrian Cai 
		
By Justin Kwei 
	
	
Its director and duly authorised 
		
Its director and duly authorised 
	
	
Representative 
		
Representative 
	
	 

		 
	 

		 
	 

		 
	
Witness: 
		
Witness: 
	
	 

		 
	
“Fung Hoi Wing” 
		
“Fung Hoi Wing” 
	

23

	
Fung Hoi Wing 
		
Fung Hoi Wing 
	
	
Solicitor, Hong Kong SAR 
		
Solicitor, Hong Kong SAR 
	
	
Fung, Wong, Ng and Lam 
		
Fung, Wong, Ng and Lam 
	
	
Solicitors & Notaries 
		
Solicitors & Notaries 
	

24

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