Document:

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                                 EXHIBIT 10.39

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Hairong Information System Ltd.
The Agreement of Cooperation in Website Information Service

Party A: Beijing Hairong Information System Ltd.
Address: Zhuzong 4, Beichen Dong Lu, Yayuncun, Beijing
Tel.:    010-64948696-99
Fax :    010-64942698
Website: www.158.com.cn

Party B: MyWeb Network System (Beijing) Co Ltd
Address:
Tel.:
Fax.:
Website:

Both parties shall work together with [***], in developing strategies, shall
follow the terms stated below:-

I.       Duties and Obligations

1.       Both parties to cooperate on the exchange of information within the
         authorized boundaries of information resources.

2.       When using information provided by Party B, Party A should plan a
         remark that the information provider is "_____", indicating its name on
         important webpages and establishing hyperlink with Party B.

3.       When using information provided by Party A, Party B should place a
         remark that the information provider is Hairong Information System Ltd,
         indicating its name on important webpages and establishing hyperlink
         with Party A.

4.       Both parties are responsible to guarantee the well-balanced renewal of
         information and the functionality of its websites.

5.       Both parties have the copyright to its own information and are
         responsible for the accuracy and legality of its own information.

6.       Both parties promise to provide an extensive proportional platform
         including hyperlinks, advertisements etc, for the purpose of promoting
         the other parties website. At the same time, both parties can develop
         extensive cooperation in various aspects such as news broadcast,
         channels collaboration and marketing activities so as to establish a
         strategic partnership.

II       Commercial Secrecy

1.       Both parties are responsible to maintain secrecy/confidentiality in
         respect of the other party's commercial secrets that are obtained
         through work connected and other channels. No secrets can be revealed
         to third party unless with the prior written approval from the other
         party.

2.       Other than the working needs as defined under this agreement, no use or
         copy of trademarks, brands, commercial information, technology and
         other materials of the other party can be presumed without the prior
         approval of the other party.

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[***]    Portions of this page have been omitted pursuant to a request for
         Confidential Treatment and filed separately with the Commission.

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III. Announcements

1.       Both parties hereby confirm that this agreement shall not result in an
         employment relationship but a cooperation partnership.

2.       Both parties may make modifications related to format/layout and
         necessary annotations and other workings to any part of the
         information, according to the general style and channel needs of it's
         own websites without charging the contents of the data.

3.       Both parties shall not offer in any form, the information provided by
         the other party, to a third party.

IV. Termination of the Agreement

This agreement may be terminated pursuant to any of the following reasons:

1.       This agreement will be terminated upon expiration.

2.       If one party violates the terms and conditions of this agreement, the
         other party can terminate this agreement at any time with a written
         document to inform the party which violated the terms, of the
         termination.

3.       If one party violates clause IV, the other party is entitled to
         terminate the execution of this agreement and to claim all legal
         responsibilities from the violating party.

4.       This agreement may be terminated in the event of bilateral approval. If
         any party wishes to end this agreement without any reason concerning
         the other party, the first party should notify the other party one
         month in advance.

V. Agreement Term

1.       The cooperation term is 1 year with effect from the date of signing by
         both parties.

2.       At the end of the term of this agreement, both parties may renegotiate
         further cooperation conditions and terms.

VI. Other Items

1.       This agreement will be in used together with the channel cooperation
         agreement.

2.       The agreement has two copies. Each party has a copy of the same
         agreement of which both are equally legal and valid.

Party A: Beijing Hairong Information.           Party B: MyWeb Network Systems
             System Ltd                                (Beijing) Co LTd

Signed/Co Stamp                                 Signed/Co Stamp
Authorised Signatory                            Authorised Signatory

20 October 1999                                 20 October 1999<PAGE>   1

                                 EXHIBIT 10.42
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                              SETTLEMENT AGREEMENT

         This settlement agreement and release is made by and between Merger
Communications ("Merger") and MyWeb Inc.com ("MyWeb"):

                                    RECITALS

         WHEREAS, on or about February 23, 1999, Merger and Asia Media
Communications, Ltd., now known as MyWeb Inc.com, entered into a Media
Cooperation Agreement (hereinafter referred to as the "Contract") in which
Merger agreed to perform various media relations activities for MyWeb.

         WHEREAS, Merger performed various media relations activities for MyWeb
for which it did not receive any compensation from MyWeb. The agreed upon
compensation and terms of same are more particularly described in the Contract
signed by the parties on or about February 23, 1999.

         WHEREAS, a dispute arose between the parties regarding the compensation
Merger was to receive under the Contract.

         WHEREAS, the parties to this agreement concede that bona fide disputes
and controversies exist between them both as to liability and the amount of
damages, if any, that are due because of the disputes between them; and

         WHEREAS, the parties desire to dispose of the entire controversy and
dispute between them, including all claims and causes of action of any kind that
currently exist or that may exist in the future that relate in any way to the
Contract as set forth above. The parties recognize that there may be claims or
injuries arising out of the occurrence described in this agreement that are
unknown to the parties at the time of execution of this agreement, or that may
arise in the future. However, the parties have negotiated this agreement in full
knowledge of the possibility of additional claims or injuries, and intend this
agreement to settle and finally dispose of all such claims or injuries arising
out of or relating to the described occurrence, whether known or unknown.

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                                        AGREEMENT

         NOW THEREFORE, in consideration of the mutual promises and covenants
contained in this agreement, including the recitals set forth above, the
parties agree as follows:

1.       MyWeb agrees to pay to Merger, for all claims asserted or that could
         have been asserted, the sum of $30,000 which sum includes compensation
         for all damages, attorney's fees, court costs and other expenses.

2.       MyWeb further agrees to provide to Merger 30,000 shares of common stock
         in MyWeb, Inc.com. MyWeb expressly agrees that the services performed
         by Merger paid for the 30,000 shares of common stock as of March 3,
         1999. MyWeb agrees that the 30,000 shares of common stock will be
         unrestricted and freely tradeable as of March 3, 2000.

3.       Merger and MyWeb further agree that as part of this settlement the
         parties will enter into a new Contract regarding Merger's performance
         of various media relations activities for MyWeb. The terms and
         conditions are set forth in the new contract, a copy of which is
         attached hereto.

4.       Merger and MyWeb hereby mutually release and forever discharge one
         another, including all officers, directors, employees, heirs,
         shareholders, assigns, insurers, agents and attorneys, from any and all
         claims, demands, or suits, known or unknown, now existing or
         subsequently arising, fixed or contingent, liquidated or unliquidated,
         whether arising in tort or contract, whether statutory or under common
         law, whether or not asserted, arising from or related to the events and
         transactions which are the subject matter of the referenced dispute
         regarding the Contract.

                                                            SETTLEMENT AGREEMENT

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5.       MERGER AGREES TO INDEMNIFY, DEFEND AND HOLD HARMLESS ALLIED, AND ANY
         OTHER PERSON, FIRM, OR CORPORATION BOUND TO DEFEND OR PAY JUDGMENTS
         AGAINST IT, FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, AND CAUSES OF
         ACTION, INCLUDING CLAIMS FOR CONTRIBUTION OR INDEMNITY, AND THE
         REASONABLE AND NECESSARY COSTS, INCLUDING ATTORNEY'S FEES, INCURRED IN
         DEFENSE OF ANY SUCH CLAIM, THAT MERGER, ITS HEIRS, ASSIGNS OR LEGAL
         REPRESENTATIVES, OR THOSE WHO MAY CLAIM BY, THROUGH, OR UNDER THE
         FOREGOING, HAVE OR MAY HAVE ARISING OUT OF OR RESULTING FROM THE
         INJURIES ALLEGEDLY SUSTAINED BY MERGER ARISING OUT OF OR RELATING TO
         THE EVENTS AND TRANSACTIONS WHICH FORM THE BASIS OF THIS LAWSUIT. THIS
         INDEMNITY OBLIGATION EXTENDS TO THE ACTUAL OR ALLEGED NEGLIGENCE OF ANY
         PERSON OR ENTITY INDEMNIFIED HEREUNDER. THE PARTIES AGREE THAT THIS IS
         A CONSPICUOUS LEGEND, AND THAT THIS INDEMNITY PROVISION COMPLIES IN ALL
         RESPECTS WITH THE EXPRESS NEGLIGENCE TEST PERTAINING TO INDEMNITY
         PROVISIONS.

6.       It is understood and agreed that the cash and stock consideration paid
         to Merger as set forth above shall satisfy and extinguish any and all
         claims, demands, actions or causes of action by Merger of whatever
         nature and character related to or arising out of the subject matter of
         the above-referenced lawsuit, including without limitation all claims
         for actual, special, consequential, exemplary, treble or punitive
         damages, legal fees and expenses, court costs, and all other costs,
         expenses or damages, and claims for breach of any common law,
         contractual, quasi contractual, or statutory duty owed by MyWeb.

                                                            SETTLEMENT AGREEMENT

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7.       The parties to this agreement represent that each:

         a.       has been fully informed of the terms, and effect of this
                  agreement and has had the opportunity to consult counsel in
                  connection with its execution;

         b.       has neither made nor received (nor relied on) any promise or
                  representation of any kind by any other party or anyone acting
                  for them, except as expressly stated in this agreement; and

         c.       owns outright and without any encumbrance the claims, rights
                  and/or interests that each purports to release herein.

         Each signatory hereto warrants and represents that he or she has
         authority to bind the parties for whom that signatory acts.

7.       This is a compromise of a doubtful and disputed claim and the
         consideration herein shall not be construed as an admission of
         liability or fault on the part of the parties hereto, by whom
         liability and wrongdoing is expressly denied. The parties to this
         agreement have entered into this agreement for the consideration
         stated herein, and for the sole purpose of avoiding the expense of
         litigation and to buy their peace. None of the papers or documents
         pertaining to this settlement or the fact of this settlement shall be
         admissible against the parties in any lawsuit now pending or which
         might hereinafter be filed by any entity except as may be necessary to
         enforce the terms and conditions of this agreement. Nothing contained
         herein shall impede any party from enforcing this agreement.

                                                            SETTLEMENT AGREEMENT

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9.       Merger and MyWeb each expressly warrant and stipulate that they have no
         cause of action or claims against one another arising out of or
         relating to the facts and circumstances relating to the above
         referenced Contract dispute, except those claims which are released
         herein. Merger and MyWeb each further warrant and stipulate that there
         are no facts now in existence which could form the basis of any new or
         additional causes of action or claims by or against any party to this
         agreement arising out of or relating to the facts and circumstances
         which form the basis of the above captioned lawsuit.

10.      The provisions of this settlement agreement shall be applied and
         interpreted in a manner consistent with each other so as to carry out
         the purpose and intent of the parties, but, if for any reason any
         provision is unenforceable or invalid, such provision shall be deemed
         severed from this agreement and the remaining provisions shall be
         carried out with the same force and effect as if the severed portion
         had not been a part of this agreement.

11.      This settlement agreement embodies the entire agreement between the
         parties, supersedes all prior agreements or understandings, if any,
         relating to the subject matter hereof, and may be amended only by an
         instrument in writing executed jointly by each of the parties.

12.      This settlement agreement is being executed and delivered, and is
         intended to be performed in Harris County, Texas, and the laws of the
         State of Texas shall govern the rights and the duties of the parties
         hereto and the validity, construction, enforcement and interpretation
         of this agreement.

13.      This settlement agreement may be executed in a number of identical
         counterparts, each of which shall be deemed an original for all
         purposes and all of which constitutes, collectively, one agreement;
         but, in making proof of this agreement, it shall not be necessary to
         produce or account for more than one such counterpart.

                                                                      SETTLEMENT
                                                                       AGREEMENT

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13.     All parties agree to cooperate fully and execute any and all
        supplementary documents and to take all additional actions which may be
        necessary or appropriate to give full force and effect to the basic
        terms and intent of this settlement agreement.

14.     This settlement agreement shall become effective immediately following
        execution by each of the parties.

        IN WITNESS WHEREOF, the parties hereto executed this settlement
agreement in duplicate originals as of the date set forth below.

                                             MERGER COMMUNICATION

                                                 /s/ JUKKA TOLONEN
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                                             By: Jukka Tolonen

                                             Date:
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                                             MYWEB, INC.COM

                                                 /s/ TS WONG
                                                -------------------------------
                                             By: TS Wong, CEO

                                             Its:

                                             Date:
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