Document:

Exhibit 10.8

                              CONSULTING AGREEMENT

         Consulting  Agreement  made  effective  1st of  October,  1999,  by and
between CathayOnline Inc., a Nevada Corporation ("CATHAY"),  which maintains its
principle place of business at 6 E. 45th Street, Suite 1000, New York, NY 10017,
and Peter Lau, who resides at 40 Park Avenue, 19B, New York, NY 10016.

                               W I T N E S S E T H

WHEREAS, CATHAY is seeking a part-time Chief Financial Officer to advise, assist
and manage the financial affairs for CATHAY; and

WHEREAS, CATHAY seeks the part-time services of Peter Lau as CFO to CATHAY;

WHEREAS, Peter Lau seeks to take the position of CFO with CATHAY;

NOW  THEREFORE,  in  consideration  of the  promises  and mutual  covenants  and
conditions contained in this Agreement, CATHAY and Mr. Lau agrees as follows:

SEC.     1. Consulting Work. CATHAY hereby agrees to hire Mr. Lau as a part time
         CFO to  CATHAY.  Mr. Lau shall be  responsible  for the  management  of
         CATHAY's  financial affairs and report directly to the President of the
         Company or his designee.

SEC.     2. Consulting Term. The term of consulting  hereunder is for the period
         commencing  on October 1, 1999,  and ending on October 1, 2000,  unless
         earlier   terminated  by  either  party  with  thirty  days  notice  or
         terminated pursuant to the provisions of Section 8 hereof.

SEC.     3.  Performance.  Mr.  Lau shall  use his best  efforts  to manage  the
         financial  affairs  of CATHAY.  He shall  devote 2 days a week to those
         efforts.

SEC.     4. Compensation.

         a.       Consulting Fees: As basic  compensation for Mr. Lau's services
                  as CFO during this consulting  term,  CATHAY shall pay Mr. Lau
                  the monthly compensation of Four Thousand ($4,000) dollars per
                  month.

         b.       In  addition,  Mr. Lau shall  receive  3,000  shares of common
                  stock  payable  monthly.  Mr.  Lau  shall  have the  rights to
                  registration   of  common   stock  under   Security   Exchange
                  Commission   rule  144  and  will  be  entitled  to  piggyback
                  registration    rights   similar   to   other   common   stock
                  shareholders.

         c.       Other Fees:  For work  outside the scope of CFO,  CATHAY shall
                  pay Mr. Lau additional fees for the following:

         d.       Finders' Fees: If Mr. Lau introduces CATHAY or its affiliates,
                  subsidiaries  of  associate  companies to investors or lenders
                  who provide capital, loans or other financial to CATHAY or its
                  affiliates, subsidiaries or associate companies; Mr. Lau shall
                  receive 3% cash bonus of the funds actually provided.  Mr. Lau
                  remains  entitled  to these  fees  after  the  termination  of
                  Consulting Agreement.

                  1.       Investment   Banking   Transactions:   If   Mr.   Lau
                           introduces a  transaction  with respect to a proposed
                           mergers or  acquisitions  or disposition of assets of
                           the CATHAY,  subsidiaries  or associate  companies of
                           CATHAY  (for  investment  banking  work) then Mr. Lau
                           shall receive five percent (5%) fees generated by the
                           client.   These  fees  may  include  cash,  stock  or
                           warrants.  If. Mr. Lau  introduces a transaction  Lau
                           remains  entitled to these fees after  termination of
                           the consulting contract.

                  2.       Serving on Board of  Directors:  CATHAY  may  request
                           Peter  Lau to serve on the  Board of  Directors  of a
                           private or public  company.  Additional  compensation
                           will be  provided  for this  service.  The  amount of
                           compensation will be determined at a later date.

         e.       Bonuses: In addition to his other compensation,  Mr. Lau shall
                  receive an annual bonus that may include cash,  stock or stock
                  options.  The amount of this bonus  shall be  mutually  agreed
                  upon by the parties.

Sec.     5. Other  Entitlement:  Mr. Lau shall be entitled during the consulting
         term to:

         (a)      Participate in such benefit plans,  arrangements  and programs
                  as are afforded senior executive officers and directors of the
                  Company,  including without limitation, all health, disability
                  and life insurance plans, and all retirement,  savings, thrift
                  and profit sharing plans;

         (b)      Participate in such incentive  compensation  programs or other
                  arrangements  as are  afforded  from  time to  time to  senior
                  executive officers and directors of the Company;

         (c)      Reimbursement of all reasonable  expenses  incurred by Mr. Lau
                  in the performance of his duties as CFO;

SEC.     6.  Non-Circumvention.  Each party agrees not to  circumvent  the other
         causing the other loss of potential or actual revenues.  A project that
         Mr. Lau has initiated,  worked toward or had substantial  progress with
         while in the  employ of CATHAY  gives Mr.  Lau the  rights to  CATHAY's
         share of the revenues derived from such project.  This right to revenue
         shall continue after Mr. Lau leaves CATHAY.

SEC.     7. Confidentiality.  The nature of services provided by CATHAY requires
         information to be handled in a private confidential manner. Information
         about CATHAY's business,  employees or clients will only be released to
         people or agencies  outside  the Company  with  CATHAY's  consent.  All
         reports,  memoranda,  notes or other  documents will remain part of the
         Company's confidential records.

SEC.     8.  Termination  of Agreement.  Without cause the Company may terminate
         this  Agreement  at  any  time  upon  30  days  written  notice  to the
         consultant.  Should the Company request,  the consultant shall continue
         to work and be paid up to the  date of  termination.  Further,  without
         cause,  the  consultant  may  terminate  this  Agreement  upon 30 days'
         written  notice to the Company.  Consultant  shall work and be paid the
         regular  compensation  up to the  date of  termination,  but  will  not
         receive  a  severance  allowance.   In  addition,  and  notwithstanding
         anything to the contrary  contained in this Agreement,  the Company may
         terminate  the  consultant's  employment  upon 30 days'  notice  to the
         consultant upon any of the following events:

         (a)      Sale of substantially  all of the Company's assets to a single
                  purchaser or group of associate purchasers; or

         (b)      Sales,  exchange,  or other disposition of fifty percent (50%)
                  or more of the Company's outstanding corporate shares; or

         (c)      Company's termination of its business; or

         (d)      Merger or  consolidation  of the Company in a  transaction  in
                  which the  Company's  shareholders  receive  less  than  fifty
                  percent  (50%)  of  the  outstanding   voting  shares  of  the
                  surviving corporation.

         The Company may immediately  terminate Mr. Lau for cause for any of the
following:

         (a)      A  commission  by Mr. Lau of any fraud upon the Company  which
                  causes material harm to the Company; or

         (b)      The  conviction of Mr. Lau to pleas of nolo  contenders by Mr.
                  Lau with respect to a felony; or

         (c)      Mr. Lau's habitual  absenteeism,  chronic  alcoholism or other
                  form of chemical addiction; or

         (d)      Any material breaches by Mr. Lau or his obligations under this
                  Agreement which cause him harm to the Company.

SEC.     9.  Investment  Banking  Transactions.  The Parties  CATHAY and Mr. Lau
         agree that all client  transactions  shall  require  the prior  written
         approval  of the  President  or its  assignee  of  CATHAY.  CATHAY  may
         terminate any existing  transaction if it finds the  transaction is not
         in the best interest of CATHAY.

SEC.     10.  Dispute  Resolution and Choice of Law. In the event of any dispute
         between the parties  concerning the  interpretation  of this Agreement,
         performing  thereof,  or compliance by any party therewith such dispute
         shall be  resolved  in New York  City by  arbitration  to be  conducted
         before  a panel  of  three  (3)  arbitrators  in  accordance  with  the
         Commercial  Arbitration Rules of the American  Arbitration  Association
         (AAA).  Such AAA administer  arbitration shall be conducted in New York
         City and the  jurisdiction  of New York State Law.  Any decision of the
         arbitrators  may be enforced by a court of competent  jurisdiction.  In
         deciding any dispute between  parties,  the arbitrators  shall apply to
         laws of New York State.

SEC.     11.  Cancellation,  Termination  or  Revocation.  If this  Agreement is
         cancelled,   terminated   or   revoked   for  any  reason  all  of  its
         compensation, non-circumvention and dispute resolution provisions shall
         survive such cancellation,  termination,  or revocation and the parties
         will continue to be bound thereby.

SEC.     12. Entire Agreement. This document constitutes the entire agreement of
         the  parties.   Any  modification,   amendment,   addendum  thereto  or
         cancellation thereof by mutual consent must be in writing.

SEC.     13. Notices.  Any notices  required or permitted to be given under this
         Agreement shall be in writing and sent certified mail to:

                          For CATHAY:      CathayOnline Inc.
                                                   6 E. 45th Street, Suite 1000
                                                   New York, New York 10017

                          For Mr. Lau:              Peter Lau
                               40 Park Avenue, 19B
                               New York, NY 10016

         In Witness  whereof,  the parties  have  executed  and  delivered  this
Agreement effective as of the date first set forth above.

By:                                                  By:
    Peter Lau                                            Brian Ransom, President
                                                         CathayOnline Inc.

Date:                                                Date:Exhibit 10.9

                      PUBLIC RELATIONS / INVESTOR RELATIONS
                              CONSULTING AGREEMENT

This Public  Relations/Investor  Relations Consulting Agreement, made as of this
23rd  day pf  September,  1999,  by and  between  TALK  STOCK  WITH ME  INC.,  a
California  corporati/oon  having its principal  office  located at 1875 Century
Park East,  Suite 150,  Century City, CA 90067  (hereinafter  referred to as the
OConsultantO)  and Cathay Online,  Inc., a N a corporation  having its principal
office  located at Suite  #302 N593  Granville  Street  Vene~uw~,  BCV~  1~&(the
OCOMPANYO). ~.dc.too~, (ea.s+ ui 4, tc~oi~. Recitals

     WHEREAS, the COMPANY, a public COMPANY,  requires public relations/investor
relations  services  and  assistance  and  desires to employ  Consultant,  as an
independent contractor  Consultant,  to provide such services, and Consultant is
agreeable  to such  employment,  and  the  parties  desire  a  written  document
formalizing their relationship and evidencing the terms of their agreement;

                                    Agreement

     NOW,  THEREFORE,  intending to be legally bound and in consideration of the
mutual promises and covenants, the parties have agreed as follows:

1.   Appointment. The COMPANY hereby retains the Consultant as its non-exclusive
     public relations/investor  relations counsel and hereby retains and employs
     Consultant,  on the terms and conditions of this Agreement.  The Consultant
     accepts such  appointment  and agrees to perform the services in accordance
     with the terms and conditions of this Agreement.

2.   Term.  The term of this  Agreement  shall begin on  September  23, 1999 and
     shall terminate on September 23, 2000.

3.   Services

     (a)  Consultant   shall  act,   generally,   as  a   non-exclusive   public
          relations/investor  relations  counsel  essentially,  acting

          (1)  as a liaison between the COMPANY and its stockholders

          (2)  as an  advisor  to the  COMPANY  with  respect  to  existing  and
               potential  market  makers,   broker-dealers,   underwriters,  and
               investors as well as being a liaison between the COMPANY and such
               persons; and

<PAGE>

          (3)  as an advisor to the COMPANY with respect to  communications  and
               information (e.g., interviews,  pre recorded or live conferences,
               COMPANY information on talk-stock.com  etc.) As well as planning,
               designing, developing,  organizing, writing and distributing such
               communications  and  information  as the  COMPANY  may request or
               direct.  (Press  releases,   content  and  distribution  are  the
               exclusive responsibility of the COMPANY.)

     (b)  As the COMPANY  shall  request or direct,  Consultant  shall assist in
          establishing,  and advise the COMPANY  with  respect  to:  shareholder
          meetings,  interviews of COMPANY officers by analysts,  market makers,
          broker-dealers,  end other members of the financial community,  in the
          United States and/or Canada and/orEurope.

     (c)  Consultant  shall  seek to  make  the  COMPANY,  its  management,  its
          products,  and its  financial  situation and  prospects,  known to the
          financial press and publications, broker-dealers, and other members of
          the  financial  community,  in the United  States and/or Canada and/or
          Europe.

     (d)  As  the  COMPANY  shall  request  or  direct,  Consultant  shall  act,
          generally as a public  relations/investor  relations counsel or to the
          COMPANY,  including:

          (1)  introducing the COMPANY to broker-dealers,  market makers, banks,
               financial   advisors,   financial   institutions   and  potential
               investors,  in the United States and/or Canada and/or Europe;

          (2)  Arrange interviews and analyst meetings,  and securing invitation
               of the COMPANY to appropriate  conferences  and business  events,
               and  similar  public  relations/investor  relations  events.

          (3)  Internet:  Online Broadcast special target, Online Broadcast (pre
               event - to email list  created  by  targeted  broadcast),  Online
               Conference setup & design, Online Conference,  (approximately two
               2 per month) Online Investor  Chatroom  (setup & design),  Online
               Investor Chatroozn (hosting).

     (e)  The  initial  services  to be  rendered  by  Consultant,  at  COMPANTS
          expense, shall be: per Venue Description,  Schedule OAO

          (1)  Broker and investor  introductions  to COMPANY via internet;

          (2)  the fulfillment and distribution of leads generated by promotions
               throughout the broker network  derived through  internet  venues;

          (3)  conference   dialogue   (chat)  with  brokers  and  investors  as
               prescribed in (d); [1],  (2], and [3],  shall be mutually  agreed
               upon by both  Consultant  and the COMPANY.  The funds required to
               fulfill  these  obligations  are to be expended  out and mutually
               agreed  upon  by  both   Consultant  and  the  COMPANY  prior  to
               expenditure.

<PAGE>

4.   Umitations on Services. The parties recognize that certain responsibilities
     and  obligations  are imposed by both U.S. and foreign  securities  laws as
     well as by the applicable rules and reguLations of the NASD,  In-house Odue
     diligenceO  or   OcomplianceO   departments  of  brokerage   houses,   etc.
     Accordingly, Consultant agrees:

     (a)  Consultant  shall NOT release any  financial or other  information  or
          data  about the  COMPANY  without  the  consent  and  approval  of the
          COMPANY.

     (b)  Consultant  shall NOT  conduct  any  meeting  with  financial  analyst
          without  informing the COMPANY in advance of the proposed  meeting and
          the format or agenda of such meeting and the COMPANY may elect to have
          a representative of the COMPANY attend at such meeting.

     (c)  Consultant shall NOT release any information or data about the COMPANY
          to  any  selected  or  limited  person(s),  entity,  or  group  If the
          Consultant  is  aware  that  such  information  or data  has not  been
          generally released or promulgated.

     (d)  After notice by the COMPANY of filing for a proposed  public  offering
          of securities of the COMPANY,  and during any period of restriction on
          publicity,  the  Consultant  shall not engage in any public  relations
          efforts not in the normal course  without  approval of counsel for the
          Consultant and of counsel for the underwriter(s), if any.

     (e)  The Consultant shall NOT take any action or advise or knowingly permit
          the COMPANY to take any action,  which would  violate any  domestic or
          foreign securities, laws or rules and regulations issued thereunder.

5.   Duties of COMPANY.

     (a)  The COMPANY  shall supply  Consultant,  on a regular and timely basis,
          with  all  approved  data  and  information  about  the  COMPANY,  Its
          management,  its products, and its operations and the COMPANY shall be
          responsible  for advising  Consultant  of any facts which would affect
          the accuracy.  of any prior data and information  previously  supplied
          Oto Consultant so that Consultant may take corrective action.

     (b)  The COMPANY shall,  from time to time as applicable,  promptly  supply
          Consultant:

          (1)  . with full and  complete  copies of any and all filings with the
               Securities  and Exchange  Commission  and all foreign  securities
               agencies;

<PAGE>

          (2)  with  full and  complete  copies  of all  filings  with any stock
               exchanges;  (3) with full end complete  copies of all shareholder
               reports  and   communications   whether  or  not  prepared   with
               CONSULTANTOS  assistance;  (4)  with  all  data  and  information
               supplied to any analyst,  broker-dealer,  market maker,  or other
               member   of  the   financial   community;   and  (5)   with   all
               product/services brochures, sales materials, etc.

          (c)  The COMPANY shall promptly  notify  Consultant of any event which
               triggers any restrictions on publicity, together with a statement
               as to the countries,  included  within the publicity  restriction
               requirements.

          (d)  The COMPANY shall,  contemporaneously  with supplying information
               or data to Consultant,  notify  Consultant if any  information or
               data being supplied to Consultant has not been generally released
               or promulgated.

6.   Representation and Indemnification:

     (a)  The COMPANY shall be deemed to make a continuing representation of the
          accuracy of any and all  material  facts,  material  information,  and
          material  data  which  it  supplies  to  Consultant  and  the  COMPANY
          acknowledges   its  awareness  that   Consultant  will  rely  on  such
          continuing   representation  in  disseminating  such  information  and
          otherwise performing their public relations functions.

     (b)  Consultant,  in the absence of notice in writing  from  COMPANY,  will
          rely on the  continuing  accuracy of material,  information,  and data
          supplied by the COMPANY.

     (c)  The COMPANY hereby agrees to indemnify Consultant against, and to hold
          Consultant harmless from, any claims, demands, suits, losses, damages,
          etc.  arising  out of  CONSULTANTS  reliance  upon  the  accuracy  and
          continuing accuracy of such material facts, material information,  and
          material data,  unless Consultant has been negligent in fulfilling its
          duties and obligations hereunder.

     (d)  The COMPANY hereby agrees to indemnify Consultant against, and to hold
          Consultant harmless from, any claims, demands, suits, losses, damages,
          etc. arising out of CONSULTANTS  reliance on the general  availability
          of  infonnation  supplied to  Consultant  unless  Consultant  has been
          negligent in fulfilling their duties and obligations hereunder.

<PAGE>

     (e)  OThe  COMPANY  hereby   authorizes   Consultant  to  issue  correctly;
          amendatory,  supplemental, or explanatory,  shareholder communications
          and  reports,  or data  supplied to analysts,  broker-dealers,  market
          makers, or other members of the financial community.

7.   Compensation. For all public relations/investor relations services rendered
     hereunder  during  the term  hercof  COMPANY  and/or  certain  stockholders
     ("STOCKHOLDERS") shall issue Consultant as follows:

     (a)  COMPANY shall pay  Consultant  $3,500.00  U.S.  This  agreement is for
          twelve (12) months  beginnIng  September 23, 1999 and ending September
          23,2000.  First end last months are due and payable upon  execution of
          this agreement  Payment hereafter will be due and payable on the first
          (13t) of each month~

     (b)  COMPANY  shall issue to  Consultant  immediately  following  execution
          hereof,  $25,000.00  U.S. cash value free trading shares of the common
          stock of Cathay Online, Inc..

     (c)  Campaign (public relations/investor  relations) will commence upon the
          receipt of(a) and (b) in its entirety.

     (d)  The parties  acknowledge that in negotiating these fees they recognize
          that  the  services  contemplated  under  this  Agreement  may  not be
          performed in equal monthly segments, but may be substantial during the
          earlier  portion  of the term of this  Agreement,  but less  after the
          relationships and communication lines are established  directly by the
          COMPANY.  Accordingly, the lessening of the proportion of servces over
          the later portion of this  Agreement  shall not constitute a breach of
          Agreement or termination.

     (e)  The  COMPANY  shall  pay  its  own  costs  and  expenses  incurred  by
          Consultant in providing  the  contemplated  public  relations/investor
          relations  services,  including,  but not  limited to:  out-of  pocket
          expenses  for  telephone/facsimile   charges,   postage  and  delivery
          services  charges,  as well as  compensation  to third party  vendors,
          copywriters,  stafF writers, art and graphic personnel, printing, etc.
          COMPANY approves all costs in excess of $500.00 prior to incurrence. A
          Proposed Monthly Investor  Relations  Expenses report,  which outlines
          the monthly  expenses,  is attached hereto and incorporated  herein as
          Exhibit A

     (f)  For all  special  services,  not within  the scope of this  Agreement,
          COMPANY shall pay Consultant  such fees,  costs,  and expenses as, and
          when,  the parties shall  determine in advance of  performance  of the
          special

<PAGE>

          services  provided  that the  COMPANY  has  agreed in  advance  to the
          special services.

8.   Billing and Payment For all services contemplated to be rendered hereunder,
     and the costs and expenses  thereof,  the COMPANY  shall pay  Consultant as
     outlined in paragraph 7(a), and (b).

9.   RelationshIp   of  Parties.   Consultant  is  an  independent   contractor,
     responsible for compensation of its own affiliates,  agents,  employees and
     representatives,  as well as all applicable withholding therefrom and taxes
     thereon   (including   unemployment   compensation)   and   all   workmenOs
     compensation insurance.  This Agreement does not establish any partnership,
     joint venture,  or other business entity or association between the parties
     and no party is intended to have any  interest in the  business or property
     of the other by reason of this Agreement

10.  Terminatwn.  This  Agreement may be terminated by either the COMPANY or the
     Consultant  prior to the  expiration  of the term provided in paragraph (2)
     above as follows:

     (a)  Upon failure of the other party to cure default under, or a breach of,
          this  agreement  within ninety (90) days after written notice is given
          to such default or breach by the terminating party;

     (b)  upon  the,  bankruptcy  or  liquidation  of the other  party;  whether
          voluntary or Involuntary;

     (c)  upon the other party taking the benefit of any insolvency law; and/or

     (d)  upon the other party having or applying for a receiver  appointed  for
          all or a substantial part of such party's assets or business.

     (e)  The  COMPANY  may  terminate  this  agreement  with  ninety (90) dayOs
          notice.  All  monthly  cash  payments  wilt  cease  upon  the  date of
          termination.  The options  issued under section 7(c) in this agreement
          axe exempt  from this  clause and remain  effective  for twenty - four
          (24) months.

11.  Waiver of  Breach.  The waiver by a party of a breach of any  provision  of
     this  Agreement  by another  party shall not operate or be  construed  as a
     waiver of any subsequent breach by the breaching party.O

12.  Assignment.  The rights and obligations of the parties under this Agreement
     shall inure to the benefit of, and shall be binding  upon,  the  successors
     and assigns of the parties.

13.  Notices.  Any notice required or permitted to be given under this Agreement
     shall be  sufficient  if in writing,  via fax  transmittal  and followed by
     certified mail,  return receipt  requested,  to the principal office of the
     party being notified.

<PAGE>

14.  Entire  Agreement,  This  instrument  contains the entire  Agreement of the
     parties and may be modified  only by  agreement  in writing,  signed by the
     party  against  whom  enforcement  of  any  waiver,  change,  modification,
     extension  or discharge  is sought If any  provision  of this  Agreement is
     declared void, such provision  shall be severed from this Agreement,  which
     shall otherwise remain in full force and effect.

15.  Governing  Law.  This  Agreement  shall be a contract  made in the State of
     California  and shall be  interpreted  and  governed  by, and  construed in
     accordance with, the laws of the State of California.

16.  taxes.  Any and all  taxes,  excises,  assessments,  levies,  interest  and
     penalties,  which may be  assessed,  levied,  demanded,  or  imposed by any
     governmental agency in connection with this Agreement, shall be paid by the
     party upon which they are imposed and shall be the sole  obligation of such
     party.

17.  brbltration.  Any  Controversy  or claim arising out of or relating to this
     Agreement  shall be settled by arbitration in Los Angeles,  California,  in
     accordance   with  the  applicable   rules  of  the  American   Arbitration
     Association.

18.  Counteruarts.  This Agreement may be executed in two or more  counterparts,
     each of which shall be deemed an original but all of which  together  shall
     constitute one and the same instrument.

IN WITNESS  WHEREOF,  the parties  hereto,  intending to be legally bound,  have
executed this Agreement

COMPANY: CatbayOnline, Inc.

By:                                     Date:

TALK STOCK WITH ME, INC.

By:                                     Date:

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