Document:

Exhibit 10.15

                             SUBSCRIPTION AGREEMENT

                             FinancialContent, Inc.
                             a Delaware Corporation

Mr. Mark Dierolf
FinancialContent.com, Inc.
199 California Drive, Suite 207
Millbrae, CA  94030

Dear Mr. Dierolf:

The undersigned (the "Subscriber")  understands that  FinancialContent,  Inc., a
Delaware  corporation  (the  "Company")  is offering for sale 294,339  shares of
common stock of the Company  ("Shares") in  consideration  of 571,430  shares of
common   stock   of   FinancialContent.com,   Inc.,   a   Delaware   corporation
("FinancialContent.com").

The Subscriber acknowledges and understands that the offering of the Shares (the
"Offering")  is  being  made  without  registration  of  the  Shares  under  the
Securities Act of 1933, as amended (the "Act"), or any securities, "blue sky" or
other similar laws of any state ("State Securities Laws").

1.       Subscription.  The  Subscriber  hereby  subscribes  for and  agrees  to
         purchase the Shares for the aggregate purchase consideration of 571,430
         shares of common stock of FinancialContent.com.

2.       Payment  for  the  Shares.   The  undersigned   herewith   tenders  the
         consideration  ("Purchase  Shares")  required to purchase the amount of
         Shares  subscribed  for hereunder.  Transfer of the Purchase  Shares is
         being made on November  19,  2001,  at 10:00 a.m. at the offices of the
         Company  located  at  199  California  Drive,   Suite  207,   Millbrae,
         California 94030.

         If this  subscription  is not accepted or the Offering is terminated by
         the  Company  for any  reason all  documents  will be  returned  to the
         Subscriber.

3.       Acceptance of Subscription. The Subscriber understands and acknowledges
         that the Company has the unconditional  right,  exercisable in its sole
         and  absolute  discretion,  to (i) accept or reject  this  Subscription
         Agreement,  in whole or in part,  (ii) no  subscription  shall be valid
         unless and until  accepted  by the  Company,  (iii)  this  Subscription
         Agreement shall be deemed to be accepted by the Company only when it is
         signed  by an  authorized  officer  of the  Company  on  behalf  of the
         Company,  and  (iv)  notwithstanding   anything  in  this  Subscription
         Agreement to the  contrary,  the Company  shall have no  obligation  to
         issue the Shares to any person to whom the issuance of the Shares would
         constitute a violation  of the Act or any State  Securities  Laws.  The
         Company  will cause the  Secretary of the Company to deliver the Shares
         purchased  by the  Subscriber  to the  Subscriber  promptly  after  the
         Company has accepted this Subscription Agreement.

                                       1
<PAGE>

4.       Representations and Warranties of the Subscriber. The Subscriber hereby
         represents and warrants to and covenants  with the Company,  as well as
         each officer,  director and agent of the Company,  and each  soliciting
         broker, if any, as follows:

                  (a)      General

                           (i) The  Subscriber  has all  requisite  authority to
                  enter into this Subscription  Agreement and to perform all the
                  obligations   required  to  be  performed  by  the  Subscriber
                  hereunder.

                           (ii) The Subscriber is the sole party in interest and
                  is not  acquiring  the Shares as an agent or otherwise for any
                  other  person.  The  Subscriber is a resident of the state set
                  forth  opposite its name on the signature  page hereto and (a)
                  if a corporation, partnership, trust or other form of business
                  organization,  it has its principal  office within such state;
                  (b) if an  individual,  he or  she  has  his or her  principal
                  residence   in  such   state;   and  (c)  if  a   corporation,
                  partnership,  trust or  other  form of  business  organization
                  which was organized for the specific  purpose or acquiring the
                  Shares,  all of the  beneficial  owners are  residents of such
                  state.

                           (iii) The Subscriber recognizes that the total amount
                  of consideration  tendered to purchase the Shares is placed at
                  the  risk of the  business  and may be  completely  lost.  The
                  purchase  of  the  Shares  of  the  Company  as an  investment
                  involves extreme risk.

                           (iv) The  Subscriber  realizes that the Shares cannot
                  readily  be sold as there will be no public  market  therefor,
                  that it may not be  possible  to  sell or  dispose  of the and
                  therefore  the  Shares  must  not  be  purchased   unless  the
                  Subscriber  has liquid  assets  sufficient to assure that such
                  purchase will cause no undue  financial  difficulties  and the
                  Subscriber can provide for current needs and possible personal
                  contingencies.

                           (v)  The  Subscriber  confirms  and  represents  that
                  he/she  is  able  (i) to bear  the  economic  risk of  his/her
                  investment,  (ii) to hold  the  securities  for an  indefinite
                  period of time, and (iii) to afford a complete loss of his/her
                  investment. The Subscriber also represents that he/she has (i)
                  adequate  means of  providing  for his/her  current  needs and
                  possible  personal  contingencies,  and  (ii)  has no need for
                  liquidity in this particular investment.

                           (vi)  The  Subscriber   represents  that  he/she  has
                  sufficient  knowledge and experience in financial and business
                  matters to be capable  of  evaluating  the merits and risks of
                  the proposed investment.

                                       2
<PAGE>

                           (vi)  The  Subscriber  has not  become  aware  of the
                  offering  of  Shares  of the  Company  by any form of  general
                  solicitation  or  advertising,  including,  but not limited to
                  advertisements,  articles,  notices  or  other  communications
                  published in any newspaper, magazine or other similar media or
                  broadcast  over  television or radio or any seminar or meeting
                  where those  individuals  that have attended have been invited
                  by any  such or  similar  means  of  general  solicitation  or
                  advertising.

                           (vii) The Subscriber represents and warrants that the
                  Company has not provided any advice to him/her  regarding  any
                  federal or state tax liabilities  the  transaction  herein may
                  impose upon the  Subscriber  and that the  Subscriber has been
                  advised by the Company to seek independent tax advice relating
                  to this transaction.

                  (b)      Information Concerning the Company.

                           (i) The  Subscriber  has been provided  access to all
                  information  requested in evaluating  his/her  purchase of the
                  Shares.

                           (ii) The Subscriber is familiar with the business and
                  financial condition,  properties,  operations and prospects of
                  the Company,  and, at a reasonable time prior to the execution
                  of  this  Subscription   Agreement,   has  been  afforded  the
                  opportunity  to ask  questions  of and  received  satisfactory
                  answers from the Company's  officers and  directors,  or other
                  persons  acting  on  the  Company's  behalf,   concerning  the
                  business and financial condition,  properties,  operations and
                  prospects  of  the  Company  and   concerning  the  terms  and
                  conditions  of the  offering  of the Shares and has asked such
                  questions  as it  desires to ask and all such  questions  have
                  been answered to the full satisfaction of the Subscriber.

                           (iii) The  Subscriber  understands  that,  unless the
                  Subscriber  notifies  the  Company in writing to the  contrary
                  before the Closing,  all the  representations  and  warranties
                  contained  in this  Subscription  Agreement  will be deemed to
                  have been  reaffirmed and confirmed as of the Closing,  taking
                  into account all information received by the Subscriber.

                           (iv) The Subscriber  understands that the purchase of
                  the Shares involves various risks.

                           (v) No  representations  or warranties have been made
                  to the Subscriber by the Company as to the tax consequences of
                  this investment,  or as to profits,  losses or cash flow which
                  may be received or sustained as a result of this investment.

                           (vi) All documents, records and books pertaining to a
                  proposed  investment  in the Shares which the  Subscriber  has
                  requested have been made available to the Subscriber.

                  (c)      Status of the Subscriber

                           (i) The Subscriber  represents that the Subscriber is
                  an  Accredited  Investor  as the term  Accredited  Investor is
                  defined in Rule 501 of  Regulation  D of the Act.  (check each
                  category of "Accredited Investor" below which is applicable to
                  the Subscriber):

                                       3
<PAGE>

                           ( ) (A) a natural person whose  individual net worth,
                  or joint net worth with that person's  spouse,  at the time of
                  his purchase exceeds $1,000,000;

                           ( ) (B) a natural person who had an individual income
                  in excess of $200,000 in each of the two most recent  years or
                  joint income with that  person's  spouse in excess of $300,000
                  in each of those  years and has a  reasonable  expectation  of
                  reaching the same income level in the current year.

                           ( ) (C) a bank as defined  in Section  3(a)(2) of the
                  Act or a savings and loan association or other  institution as
                  defined in Section  3(a)(5) (A) of the Act,  whether acting in
                  its  individual  or  fiduciary  capacity;   broker  or  dealer
                  registered  pursuant to Section 15 of the Securities  Exchange
                  Act of 1934;  an insurance  partnership  as defined in Section
                  2(13) of the Act; an investment  company  registered under the
                  Investment  Company  Act of 1940 (the "1940  Act") or business
                  development  company as  defined  in Section  2(a) (48) of the
                  1940 Act; a Small Business  Investment Company licensed by the
                  U.S.  Small Business as defined under Section 301(c) or (d) of
                  the  Small  Investment  Act of 1958;  a plan  established  and
                  maintained  by a state,  its  political  subdivisions,  or any
                  agency  or   instrumentality  of  a  state  or  its  political
                  subdivisions,  for the benefit of its  employees  if such plan
                  has  total  assets in excess  of  $5,000,000;  or an  employee
                  benefit  plan  within the meaning of the  Employee  Retirement
                  Income  Security  Act of  1974  ("ERISA"),  if the  investment
                  decision  is made by a plan  fiduciary,  as defined in Section
                  3(21) of ERISA,  which fiduciary is either a bank, savings and
                  loan association,  insurance company or registered  investment
                  adviser,  or if the employee  benefit plan has total assets in
                  excess  of  $5,000,000  or,  if  a  self-directed  plan,  with
                  investment   decisions   made  solely  by  persons   that  are
                  Accredited Investors (as listed in categories (A) - (G));

                           ( ) (D) a private  business  development  company  as
                  defined in Section 202(a) (22) of the Investment  Advisors Act
                  of 1970;

                           ( ) (E) an  organization  described  in  Section  501
                  (c)(3)  of  the  Internal   Revenue   Code,   a   corporation,
                  Massachusetts  or similar  business  trust,  or a partnership,
                  with total assets in excess of  $5,000,000,  and which was not
                  formed for the specific purpose of acquiring the Common Stock;

                           ( ) (F) a trust,  with  total  assets  in  excess  of
                  $5,000,000  not formed for the specific  purposes of acquiring
                  the Common  Stock  whose  purchase is directed by a person who
                  has such  knowledge  and  experience in financial and business
                  matters that he is capable of evaluating  the merits and risks
                  of an investment in the Common Stock; and

                           ( ) (G) an entity in which all of the  equity  owners
                  are  Accredited  Investors (as listed in categories (A) - (F))
                  or is an Accredited Investor defined by Regulation D.

                           (ii) The Subscriber is a non-accredited investor and;

                                       4
<PAGE>

                           ( ) (A) The  Subscriber  represents  that  he/she has
                  sufficient  knowledge and experience in financial and business
                  matters to be capable  of  evaluating  the merits and risks of
                  the proposed investment.

                           ( ) (B) The Subscriber  represents  that he/she has a
                  preexisting relationship with the Company.

                           ( ) (C) The  Subscriber  represents  that  he/she has
                  received the current  financial  information on the Company to
                  review and in fact has reviewed the documents.

                           (iii) The Subscriber agrees to furnish any additional
                  information  requested to assure  compliance  with  applicable
                  Federal  and  State  Securities  Laws in  connection  with the
                  purchase and sale of the Common Stock.

                  (d)      Restrictions  on  Transfer  or Sale of the  Shares or
                  Securities Underlying the Shares

                           (i) The Subscriber is acquiring the Shares subscribed
                  solely  for  the  Subscriber's  own  beneficial  account,  for
                  investment  purposes,  and not with view to, or for  resale in
                  connection   with,  any   distribution  of  the  Shares.   The
                  Subscriber  understands  that  the  offer  and the sale of the
                  Shares  has not been  registered  under  the Act or any  State
                  Securities  Laws by reason of  specific  exemptions  under the
                  provisions  thereof  which depend in part upon the  investment
                  intent of the Subscriber and of the other representations made
                  by  the  Subscriber  in  this  Subscription   Agreement.   The
                  Subscriber  understands  that the Company is relying  upon the
                  representations,  covenants and  agreements  contained in this
                  Subscription Agreement (and any supplemental  information) for
                  the purposes of determining whether this transaction meets the
                  requirements for such exemptions.

                           (ii) The Subscriber  understands  that the Shares are
                  all   "restricted   securities"   under   applicable   federal
                  securities  laws  and  that  the  Act  and  the  rules  of the
                  Securities and Exchange Commission (the "Commission")  provide
                  in  substance  that the  Subscriber  may dispose of the Shares
                  only pursuant to an effective registration statement under the
                  Act or an exemption therefrom. The certificates evidencing the
                  Shares  offered  hereby will bear a legend which  clearly sets
                  forth this  restriction.  The Subscriber  understands that the
                  Subscriber  may not at any time  demand  the  purchase  by the
                  Company of the Subscriber's  Shares.  The legend will state as
                  follows:

"THESE  SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED,  OR THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED,  HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE
OF AN EFFECTIVE  REGISTRATION  STATEMENT AS TO THE SECURITIES  UNDER THE ACT AND

                                       5
<PAGE>

ANY  APPLICABLE   STATE  SECURITIES  LAWS  OR  PURSUNAT  TO  AN  EXEMPTION  FROM
REGISTRATION  AND  DELIVERY  TO  FINANCIALCONTENT,  INC.  OF AN OPINION OF LEGAL
COUNSEL  SATISFACTORY TO  FINANCIALCONTENT,  INC. THAT SUCH  REGISTRATION IS NOT
REQUIRED UNDER THE ACT OR ANY APPLICABLE STATE SECURITIES LAWS".

                           (iii) The Subscriber  agrees: (A) that the Subscriber
                  will not sell,  assign,  pledge,  give,  transfer or otherwise
                  dispose of the Shares,  or any interest  therein,  or make any
                  offer or attempt to do any of the foregoing,  except  pursuant
                  to a  registration  of  the  Shares  under  the  Act  and  all
                  applicable State Securities Laws or in a transaction  which is
                  exempt  from the  registration  provisions  of the Act and all
                  applicable State Securities Laws; (B) that the Company and any
                  transfer  agent  for the  Shares of the  Company  shall not be
                  required  to give effect to any  purported  transfer of any of
                  the  Shares   except  upon   compliance   with  the  foregoing
                  restrictions; and (C) that a restrictive legend will be placed
                  on the certificates representing the Shares.

                           (iv)  The  Subscriber  has not  offered  or sold  any
                  portion  of the  Shares  subscribed  for  and  has no  present
                  intention of dividing  such Shares with others or of reselling
                  or otherwise  disposing  of any portion of such Shares  either
                  currently  or after  the  passage  of a fixed or  determinable
                  period of time or upon the occurrence or  nonoccurrence of any
                  predetermined event or circumstance.

                           (v) If  (but  without  any  obligation  to do so) the
                  Company  proposes  to  register  any of  its  stock  or  other
                  securities  under the  Securities  Act in connection  with the
                  public offering of such securities solely for cash (other than
                  a  registration  of securities on Form S-4 or Form S-8 (or any
                  successor form adopted by the SEC)), the Subscriber shall have
                  the right to "piggy-back"  the  registration of his/her shares
                  on all such registrations of the Company's securities.

5.       Survival  and  Indemnification.  All  representations,  warranties  and
         covenants contained in this Agreement and the indemnification contained
         in  this   Paragraph  5  shall  survive  (i)  the   acceptance  of  the
         Subscription  Agreement by the Company (ii) changes in this transaction
         and  documents  related to this  transaction  which are not material or
         which  are to the  benefit  of the  Subscriber,  and (iii) the death or
         disability of the Subscriber.  The Subscriber  acknowledges the meaning
         and legal consequences of the representations, warranties and covenants
         in  Paragraph  4 hereof  and that the  Company  has  relied  upon  such
         representations,   warranties   and   covenants  in   determining   the
         Subscriber's  qualification and suitability to purchase the Shares. The
         Subscriber  hereby  agrees to  indemnify,  defend and hold harmless the
         Company, and its officers, directors, employees, agents and controlling
         persons,  from  and  against  any  and  all  losses,  claims,  damages,
         liabilities,  expenses  (including  attorneys' fees and disbursements),
         judgment or amounts  paid in  settlement  of actions  arising out of or
         resulting from the untruth of any  representation  herein or the breach
         of any  warranty or covenant  herein.  Notwithstanding  the  foregoing,
         however, no representation,  warranty,  covenant or acknowledgment made
         herein by the Subscriber  shall in any manner be deemed to constitute a
         waiver  of any  rights  granted  to it under  the  Securities  or State
         Securities laws.

                                       6
<PAGE>

6.       Conditions  to  Obligations  of the  Company.  The  obligations  of the
         Company to sell the Shares specified herein is subject to the condition
         that the representations and warranties of the Subscriber  contained in
         Paragraph  4 hereof  shall be true and correct on and as of the Closing
         in all respects with the same effect as though such representations and
         warranties had been made on and as of the Closing.

7.       Notices. All notices and other communications provided for herein shall
         be in writing and shall be deemed to have been duly given if  delivered
         personally  or sent by  registered or certified  mail,  return  receipt
         requested,  postage prepaid, or overnight air courier guaranteeing next
         day delivery:

         (a)      if to the Company, to it at the following address:

                  FinancialContent, Inc.
                  199 California Drive, Suite 207
                  Millbrae, CA  94030

         (b)      if to the  Subscriber,  at the  address  set forth on the last
                  page hereof or directly to the  Subscriber  at the address set
                  forth on the signature  page hereto,  or at such other address
                  as either  party shall have  specified by notice in writing to
                  the other.

         All notice and communications  shall be deemed to have been duly given:
         at the time delivered by hand, if personally delivered;  two days after
         being deposited in the mail,  postage prepaid,  if mailed; and the next
         day after  timely  delivery to the courier,  if sent by  overnight  air
         courier guaranteeing next day delivery.

         If a notice or  communication  is mailed in the manner  provided  above
         within  the  time  prescribed,  it is duly  given,  whether  or not the
         addressee receives it.

8.       Notification of Changes.  The Subscriber agrees and covenants to notify
         the Company  immediately  upon the occurrence of any event prior to the
         Closing  which would cause any  representation,  warranty,  covenant or
         other statement contained in the Subscription  Agreement to by false or
         incorrect or of any change in any statement made herein occurring prior
         to the Closing.

9.       Assignability.  This  Subscription  Agreement is not  assignable by the
         Subscriber,  and may not be modified, waived or terminated except by an
         instrument in writing signed by each of the parties hereto.

                                       7
<PAGE>

10.      Binding Effect.  Except as otherwise provided herein, this Subscription
         Agreement shall be binding upon and inure to the benefit of the parties
         and  their  heirs,   executors,   administrators,   successors,   legal
         representatives  and  assigns,  and  the  agreements,  representations,
         warranties and  acknowledgments  contained herein shall be deemed to be
         made by and be  binding  upon such  heirs,  executors,  administrators,
         successors,  legal  representatives  and assigns.  If the Subscriber is
         more than one person,  the obligation of the Subscriber  shall be joint
         and  several  and  the  agreements,  representations,   warranties  and
         acknowledgments  contained  herein shall be deemed to be made by and be
         binding upon each such person and his heirs, executors,  administrators
         and successors.

11.      Obligations  Irrevocable.  The  obligations of the Subscriber  shall be
         irrevocable,  except with the consent of the Company, until the Closing
         or earlier termination of the Offering.

12.      Entire Agreement.  This Subscription  Agreement  constitutes the entire
         agreement  of the  Subscriber  and the Company  relating to the matters
         contained  herein,  superseding  all  prior  contracts  or  agreements,
         whether oral or written.

13.      Governing  Law.  This  Subscription  Agreement  shall be  governed  and
         controlled   as  to   the   validity,   enforcement,   interpretations,
         construction  and  effect and in all other  aspects by the  substantive
         laws of the State of Pennsylvania.

14.      Severability.  If any provision of this  Subscription  Agreement or the
         application  thereof to any  Subscriber or  circumstance  shall be held
         invalid  or  unenforceable  to  any  extent,   the  remainder  of  this
         Subscription  Agreement and the  application of such provision to other
         subscriptions or circumstances  shall not be affected thereby and shall
         be enforced to the greatest extent permitted by law.

15.      Headings.  The headings in this Subscription Agreement are inserted for
         convenience and  identification  only and are not intended to describe,
         interpret,  define,  or limit  the  scope,  extent  or  intent  of this
         Subscription Agreement or any provision hereof.

16.      Counterparts. This Subscription Agreement may be executed in any number
         of counterparts,  each of which when so executed and delivered shall be
         deemed to be an original and all of which  together  shall be deemed to
         be one and the same agreement.

17.      Documents Being Tendered. The Subscriber hereby tenders a completed and
         executed  copy  of  this   Subscription   Agreement,   along  with  the
         consideration for the Shares subscribed.

18.      Amount of Shares  Subscribed For. The Subscriber  hereby  subscribes to
         purchase the following number of Shares, for the following Subscription
         Amount.

         Shares:           294339

         Consideration:    571,430 shares of common stock  of  FinancialContent.
                           com, Inc.

         IN WITNESS  WHEREOF,  the  undersigned  Subscriber  has  executed  this
Subscription Agreement this ____ day of _______________, 2001.

                                       8
<PAGE>

                                    EXECUTION

         Please   execute  this   Subscription   Agreement  by  completing   the
appropriate section below.

1.       If the subscriber is an INDIVIDUAL, complete the following:

                               ------------------------------------
                               Signature of Investor

                               ------------------------------------
                               Name (Please type or print)

                               ------------------------------------
                               Social Security Number (or Tax I.D.)

                               Signature   of   Spouse  or
                               Co-Owner if funds are to be
                               invested  as joint  tenants
                               by    the    entirety    or
                               community property.

                               ------------------------------------
                               Name (Please type or print)

================================================================================

         ACCEPTED by the Company this the ____ day of __________, 2001.

FINANCIALCONTENT, INC., A DELAWARE CORPORATION.

By:
   ---------------------------------------
     Wilfred Shaw, Chief Executive Officer

                                       9Exhibit 10.16

                                      NOTE
$50,000.00                                                     DECEMBER 13, 2001

CITY OF MILLBRAE
COUNTY OF SAN MATEO
STATE OF CALIFORNIA

FOR VALUE RECEIVED, the undersigned promises to pay to the order of Asia Pacific
Ventures at Suite 13, 16th Floor,  Kinwick Centre,  32 Hollywood  Road,  Central
Hong  Kong,  Hong Kong or at any other  place  that any  holder of this note may
designate  in writing,  the sum of  $50,000.00  with  interest at the rate of 12
percent per annum.

This note, together with all interest due on it, is due and payable on demand on
the 11th day of June 2002.

The  payment of this note is secured by a Security  Agreement  of this date from
FinancialContent,  Inc. to Wilfred Shaw  granting a security  interest in and to
the following described property:  accounts  receivable,  inventory,  machinery,
equipment, goodwill and furniture, together with all other property described in
or referred to in the Security Agreement.

The maker shall have the right to prepay the  principal of this note in whole or
in part prior to its due date without premium or penalty.

If this note is placed in any attorney's hands for collection, or collected by a
lawsuit or through a bankruptcy,  or probate,  or any other court, either before
or after  maturity,  there  shall be paid to the holder of this note  reasonable
attorneys'  fees,  costs and other expenses  incurred by the holder in enforcing
the terms of this note.

Failure to pay any part of the  principal  or interest of this note when due, or
failure to carry out any of the terms,  covenants, or conditions of the Security
Agreement, shall authorize the holder of this note to declare as immediately due
and payable the then -unpaid principal and to exercise any and all of the rights
and remedies  provided by this  California  Commercial Code as well as all other
rights  and  remedies  either at law or in equity  possess by the holder of this
note.

The makers,  signers,  and  endorsers of this note jointly and  severally  waive
presentment, notice of dishonor and protest.

By:
---------------
Wing Yu, CEO
FinancialContent, Inc.

                               SECURITY AGREEMENT

$50,000.00                                                     DECEMBER 13, 2001

CITY OF MILLBRAE
COUNTY OF SAN MATEO
STATE OF CALIFORNIA

The Security  Agreement  is made and entered  into on December 13, 2001,  by and
between  FinancialContent,  Inc.  ("Debtor") of 199 California Drive, Suite 207,
City of Millbrae,  County of San Mateo,  State of  California,  and Asia Pacific
Ventures ("Secured Party") Asia Pacific Ventures,  Suite 13, 16th Floor, Kinwick
Centre, 32 Hollywood Road, Central Hong Kong, Hong Kong, as follows:

For value received,  the Debtor grants to the Secured Party a security  interest
in the following described  property,  referred to in this Security Agreement as
the Collateral:  accounts receivable,  inventory, machinery, equipment, goodwill
and furniture to secure (1) the Debtor's note of $50,000.00 to the Secured Party
of December  11, 2001,  payable as to principal  and interest as provided in the
note; (2) future advances by the Secured Party to the Debtor, to be evidenced by
similar notes; (3) all  expenditures by the Secured Party for taxes,  insurance,
and repairs to and  maintenance of the Collateral  incurred by the Secured Party
in the collection  and  enforcement  of the note and other  indebtedness  of the
Debtor;  and (4) all liabilities of the Debtor to the Secured Party now existing
or incurred in the future, matured or unmatured,  direct or contingent,  and any
renewals, extensions, and substitutions of those liabilities.

The Debtor warrants and covenants:  (1) the Collateral is to be used in business
other than farming  operations;  (2) the Debtor's  chief place of business is at
199  California  Drive,  Suite  207,  Millbrae,  California  94030;  and (3) the
Collateral will be kept at the Debtor's chief place of business.

                                      TITLE

Except for the security  interest granted by this agreement,  the Debtor has, or
on  acquisition  will  have,  full title to the  Collateral  free from any lien,
security  interest,  encumbrance,  or claim and the Debtor will, at the Debtor's
cost and Expense, defend any action that may affect the Secured Party's security
interest in, or the Debtor's title to, the Collateral.

                               FINANCING STATEMENT

No financing statement covering the Collateral or any part of it or any proceeds
of it is on file in any public  office.  At the  Secured  Party's  request,  the

                                       1
<PAGE>

Debtor will join in executing and pay the filing fees required for all necessary
financing statements in forms satisfactory to the Secured Party and will further
execute all other instruments deemed necessary by the Secured Party.

                    SALE, LEASE, OR DISPOSITION OF COLLATERAL

The debtor  will not,  without the written  consent of the Secure  Party,  sell,
contract to sell,  lease,  encumber or dispose of the Collateral or any interest
in it until this Security  Agreement and all debts secured by it have been fully
satisfied.

                            PROTECTION OF COLLATERAL

The Debtor will keep the  Collateral in good order and repair and will not waste
or  destroy  the  Collateral  or any  part of it.  The  Debtor  will not use the
Collateral  in violation of any statute or ordinance  and the Secured Party will
have the right to examine and inspect the Collateral at any reasonable time.

                              TAXES AND ASSESSMENTS

The  Debtor  will  pay  promptly  when  due all  taxes  and  assessments  on the
Collateral, or any part of the Collateral, or for its use and operation.

                           LOCATION AND IDENTIFICATION

The Debtor will keep the Collateral separate and identifiable and at the address
shown above,  and will not remove the Collateral  from that address  without the
Secured Party's written consent,  for as long as this Security Agreement remains
in effect.

                   SECURITY INTEREST IN PROCEEDS AND ACCESSION

The  Debtor  grants  to the  secured  Party a  security  interest  in and to all
proceeds, increases, substitutions,  replacements,  additions, and accessions to
the Collateral  and to any part of the  Collateral.  The provision  shall not be
construed to mean that the Debtor is authorized to sell,  lease,  or dispose the
Collateral without the prior written consent of the Secured Party.

                         DECREASE IN VALUE OF COLLATERAL

The  Debtor  shall,  if in the  Secured  Party's  judgment  the  Collateral  has
materially  decreased  in value or if the  Secured  Party shall at any time deem
that the Secured Party is financially unstable, either provide enough additional
Collateral to satisfy the Secured Party or reduce the total  indebtedness  by an
amount sufficient to satisfy the Secured Party.

                                       2
<PAGE>

                            REIMBURSEMENT OF EXPENSES

At the option of the Secured  Party,  the  Secured  Party may  discharge  taxes,
liens,  interest,  or perform or cause to be performed  for and on behalf of the
Debtor any actions and conditions, obligations, or covenants that the Debtor has
failed  or  refused  to  perform,  and my pay for  the  repair  maintenance  and
preservation of the Collateral,  and may enter the premises where the Collateral
or any art of it is  located  and  cause to be  performed  as  agent  and on the
account of the Debtors any acts that the Secured  Party may deem  necessary  for
the repair or  maintenance of the Collateral or any part of it. Any and all sums
expended by the Secured  Party under this  paragraph,  including buy not limited
to,  attorneys'  fees, court costs,  agent's fees, or commissions,  or any other
costs or expenses,  shall bear  interest  from the date of payment at the annual
rate of 10 percent and shall be payable at the place  designated in the Debtor's
note and shall be secured by this Security Agreement.

                                     PAYMENT

The Debtor will pay the note secured by this Security  Agreement and any renewal
or  extension  of it and any other  indebtedness  secured by this  agreement  in
accordance  with the terms and  provisions  of the  indebtedness  and will repay
immediately  all sums expended by the Secured Part in accordance  with the terms
and  provision of the Security  agreement.  On full payment by the Debtor if all
indebtedness  secured by the agreement  accordance with the Security  Agreement,
the Security  Agreement shall expire, and the Secured Party's security Agreement
shall expire,  and the Secured Party's security  interest in the Collateral,  as
set forth in this Security Agreement, shall terminate.

                           CHANGE OF PLACE OF BUSINESS

The Debtor will promptly  notify the Secured Party of any change of the Debtor's
agent for service,  chief place of business,  or place where records  concerning
the Collateral are kept.

                                ATTORNEY-IN-FACT

The Debtor appoints the Secured Party as the Debtor's attorney-in-fact to do any
and every act that the Debtor is obligated by this Security Agreement to do, and
to exercise all rights of the Debtor in the Collateral  and to make  collections
and to execute  any and all papers and  instruments  and to do all other  things
necessary to preserve and protect the Collateral and to make  collections and to
protect the Secured Party's security interest in the Collateral.

                         TIME OF PERFORMANCE AND WAIVER

In performing any act under this Security  Agreement and the note secured by it,
time shall be of the  essence.  The  Secured  Party's  acceptance  of partial or
delinquent  payments,  or the failure of the Secured Party to exercise any right
or remedy,  shall not  constitute  a waiver of any  obligation  of the Debtor or
right of the  Secured  Party  and  shall  not  constitute  a waiver of any other
similar default that occurs later.

                                       3
<PAGE>

                                     DEFAULT

The Debtor shall be in default under this Security  Agreement on the  occurrence
of any of the following events or conditions:

       (1)    Default  in the  payment r  performance  of any note,  obligation,
              covenant, or liability secured by the Security Agreement;

       (2)    Any warranty,  representation,  or statement  made or furnished to
              the  Secured  Party by or on behalf of the  Debtor  proves to have
              been false in any material respect when made or furnished;

       (3)    Any event that results in the  acceleration of the maturity of the
              indebtedness   of  the  Debtor  to  others  under  any  indenture,
              agreement, or undertaking;

       (4)    Loss, theft, substantial damage, destruction, sale, or encumbrance
              to or of  any of  the  Collateral,  or  the  making  of any  levy,
              seizure, or attachment of or on the Collateral;

       (5)    Any time the Secured Party  reasonably  believes that the prospect
              of payment or any indebtedness  secured by this Security Agreement
              or the performance of this Security Agreement is impaired; or

       (6)    Death, dissolution, termination of existence, insolvency, business
              failure, appointment of a receiver for any part of the Collateral,
              assignment for the benefit of creditors,  or the  commencement  of
              any  proceeding  under  any  bankruptcy  or  insolvency  law by or
              against the Debtor or any guarantor or surety of the Debtor.

                                    REMEDIES

On the  occurrence of any event of default,  and at any later time,  the Secured
Party may declare all  obligations  secured due and payable  immediately and may
proceed to enforce  payment and  exercise an and all of the rights and  remedies
provided by the California  Commercial Code as well as other rights and remedies
either at law or in equity possessed by the Secured Party.

The Secured Party may require the Debtor to assemble the  Collateral and make it
available  to the  Secured  Party at any place to be  designated  by the Secured
Party that is reasonably  convenient to both parties.  Unless the  Collateral is
perishable, threatens the decline speedily in value, or is of a type customarily
sold on a recognized  market,  the Secured Party will give the Debtor reasonable
notice of the time and place of any public  sale or of the time after  which any
private sale or any other intended  disposition of the Collateral is to be made.
The  requirements  of  reasonable  notice  shall be met if the notice is mailed,

                                       4
<PAGE>

postage  prepaid,  to the address of the Debtor  shown at the  beginning of this
Security  Agreement  at  least  five  days  before  the  time  of  the  sale  of
disposition.  Expenses of retaking, holding, preparing for sale, selling, or the
like shall  include the Secured  Party's  reasonable  attorneys'  fees and legal
expenses.

                            MISCELLANEOUS PROVISIONS

California Law to Apply: The Security  Agreement shall be construed under and in
accordance with the California  Commercial Code and other applicable laws of the
State of  California,  and all  obligations  of the parties  created  under this
Security Agreement are performable in San Francisco County, California.

Parties  Bound:  This  Security  Agreement  shall be binding on and inure to the
benefit of the parties and their respective  heirs,  executors,  administrators,
legal  representatives,  successors,  and assigns as  permitted  by the Security
Agreement.

Attorneys' Fees:  Should any litigation be commenced between the parties to this
Security Agreement  concerning the Collateral,  this Security Agreement,  or the
rights and duties of either  party in relation  to them,  the  prevailing  party
shall be entitled to a reasonable sum as reimbursement for their attorneys' fees
and legal expenses.

Legal Construction:  In case any one or more of the provisions contained in this
Security  Agreement  shall  for  any  reason  be  held  invalid,   illegal,   or
unenforceable in any respect, the invalidity, illegality, or unenforceability of
that provision shall not affect any other provision of this Security  Agreement,
and this Security  Agreement shall be construed as if the invalid,  illegal,  or
unenforceable provision had never been contained in it.

Prior  Agreements  Superseded:  The  Security  Agreement  constitutes  the  only
agreement of the parties and supersedes any prior  understandings  or written or
oral  agreements  between the  parties  respecting  the  subject  matter of this
Security Agreement.

Definitions:  All terms used in this Security  Agreement that are defined in the
California  Commercial  Code  shall  have  the  same  meaning  in this  Security
Agreement as in the Code.

                                            DEBTOR

                                            By:
                                            ---------------
                                            Wing Yu, CEO
                                            FinancialContent, Inc.

                                            SECURED PARTY

                                            -----------------------
                                            Asia Pacific Ventures

                                       5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]