Document:

EXHIBIT 10.16

                              Dated the day of 1999

                                CDKNET.COM, INC.

                                       and

                              ASIA PIONEER LIMITED

           -----------------------------------------------------------

                             SUBSCRIPTION AGREEMENT
                            IN RELATION TO SHARES IN
                              ASIA PIONEER LIMITED
           -----------------------------------------------------------

                             AGGARWAL & ASSOCIATES,
                                   Solicitors,
                            Rooms 1905-7, 19th Floor,
                             St. George's Building,
                               2 Ice House Street,
                                    Central,
                                   Hong Kong.

                            Ref.: 0203-0295/99/NA/RKW

<PAGE>

THIS  AGREEMENT     is made the 16th day of November 1999.

BETWEEN :-

(1)      CDKNET.COM, INC., a company incorporated in the state of Delaware, the
         United States of America and having its registered address at 595
         Stewart Avenue, Suite 710, Garden City, New York 11530, U.S.A. ("CDK");
         and

(2)      ASIA PIONEER LIMITED, a company incorporated in the Cayman Islands and
         having its registered office at Huntlaw Building, P.O. Box 2804, George
         Town, Grand Cayman, Cayman Islands ("APL").

WHEREAS :-

(A)      APL is a private company limited by shares incorporated in the Cayman
         Islands.

(B)      CDK is a company incorporated under the laws of the State of Delaware,
         U.S.A. further particulars of which as at the date of this Agreement
         are set out in Schedule 1 .

(C)      APL has agreed to subscribe for the Subscription Shares (as defined
         below) and CDK has agreed to issue and allot the same to APL on the
         terms and conditions contained in this Agreement.

(D)      APL has agreed to enter into a Licencing Agreement with CDK's
         subsidiary, CDKNet, LLC for the licencing of such CDK Technology(TM) by
         CDKNet, LLC to APL.

NOW IT IS HEREBY AGREED  as follows :-

1.       DEFINITIONS AND INTERPRETATION
         ------------------------------

1.1      In this Agreement, unless the context otherwise requires, the following
         words and expressions shall have the following meanings :-

         "THIS AGREEMENT"     means this agreement as amended, modified or
                              supplemented from time to time;

                                      -1-
<PAGE>

         "APL SHARES"         means all those issued and allotted shares of APL
                              by APL to CDK's subsidiary CDKNet, LLC being 4,890
                              shares of par value US$ 0.01 each in the capital
                              of APL and constituting approximately [4.89%] of
                              the issued share capital of APL as at the date of
                              such allotment of such shares and one of such
                              shares shall be known as "APL Share".

         "ARTICLES"           means the articles of association of CDK for the
                              time being;

         "BOARD"              means the board of directors of CDK for the time
                              being;

         "DIRECTOR"           means a director of CDK for the time being;

         "EXCHANGE ACT"       means the U.S. Securities Exchange Act of 1934, as
                              amended;

         "GROUP"              means CDK and any other company which is a
                              Subsidiary of or a holding company of or another
                              Subsidiary of a holding company of CDK and
                              "MEMBER(S) OF THE GROUP" shall be construed
                              accordingly;

         "HONG KONG"          means the Hong Kong Special Administrative Region;

         "SEC"                means the U.S. Securities and Exchange Commission;

         "SHARES"             means shares of common stock, par value US$ 0.0001
                              per share, of CDK;

         "SUBSCRIPTION"       means the subscription for the Subscription Shares
                              pursuant to Clause 2 and "SUBSCRIBE" shall be
                              construed accordingly;

         "SUBSCRIPTION        means the 1,800,000 Shares to be purchased
          SHARES"             hereunder constituting approximately nine and
                              fifty-seven one hundredths per cent (9.57%) of the
                              issued common share capital of CDK as of 11
                              November 1999 as enlarged by the issue of the
                              Subscription Shares set out in Clause 2.2;

         "SUBSCRIPTION        means US$0.50 per Subscription Share;
          SHARE PRICE"

                                      -2-
<PAGE>

         "SUBSIDIARY"         for the purpose of this Agreement a company shall
                              be deemed to be a subsidiary of another company,
                              if :-

                              (a)  that other company :-

                                   (i)   controls the composition of the board
                                         of directors of the first-mentioned
                                         company; or

                                   (ii)  controls more than half of the voting
                                         power of the first-mentioned company;
                                         or

                                   (iii) holds more than half of the issued
                                         share capital or issued common share
                                         capital (as the case may be) of the
                                         first-mentioned company (excluding any
                                         part of it which carries no right to
                                         participate beyond a specified amount
                                         in a distribution of either profits or
                                         capital);or

                              (b)  the first-mentioned company is a subsidiary
                                   of any company which is that other company's
                                   subsidiary;

         "US$"                Means the lawful currency of the United States of
                              America;

         "WARRANTIES"         Means the representations, warranties and
                              undertakings on the part of each CDK and APL
                              respectively set out in Clause 4 .

1.2      References in this Agreement to ordinances and to statutory provisions
         shall be construed as references to those ordinances or statutory
         provisions as respectively modified (on or before the date hereof) or
         re-enacted (whether before or after the date hereof) from time to time
         and to any orders, regulations, instruments or subordinate legislation
         made under the relevant ordinances or provisions thereof and shall
         include references to any repealed ordinance or provisions thereof
         which has been so re-enacted (with or without modifications).

1.3      The headings are inserted for convenience only and shall not affect the
         construction of this Agreement.

1.4      Except where the context otherwise requires words denoting the singular
         include the plural and vice versa; words denoting any one gender
         include all genders; words denoting persons include incorporations and
         firms and vice versa.

                                      -3-
<PAGE>

1.5      References to Clauses, Sub-clauses, Paragraphs and Schedules are
         (unless the context otherwise requires) to clauses, sub-clauses,
         paragraphs of and schedules to this Agreement.

1.6      The Schedules form part of this Agreement.

2.       SUBSCRIPTION AND COMPLETION
         ---------------------------

2.1      APL in reliance upon the representations warranties undertakings
         agreements and covenants referred to in this Agreement hereby agrees
         and undertakes to Subscribe for the Subscription Shares at the
         Subscription Share Price subject to the Articles and the terms and
         conditions contained in this Agreement.

2.2      The aggregate Subscription Share Price for the Subscription Shares is
         US$900,000.00 and shall be satisfied by the issue and allotment by CDK
         of the Subscription Shares as follows :- (The Subscription Shares shall
         be allotted and issued credited as fully paid and on terms that they
         will rank pari passu in all respects with the chartered rights (i.e.
         memorandum and articles of association and bye-laws of CDK) with the
         shares of common stock in CDK in issue as at the date hereof )

         (i)     Upon the signing of this Agreement the sum of US$100,000.00
                 shall be paid by APL to CDK ("First Payment") for the issue and
                 allotment by CDK of 200,000 of the Subscription Shares ("First
                 Allotment").

         (ii)    On or before 30 December 1999 the sum of US$150,000.00 shall be
                 paid by APL to CDK ("Second Payment") for the issue and
                 allotment by CDK of 300,000 of the Subscription Shares ("Second
                 Allotment").

         (iii)   On or before 28 January 2000 the sum of US$150,000.00 shall be
                 paid by APL to CDK ("Third Payment") for the issue and
                 allotment by CDK of 300,000 of the Subscription Shares ("Third
                 Allotment").

         (iv)    On or before 29 February 2000 the sum of US$150,000.00 shall be
                 paid by APL to CDK ("Fourth Payment") for the issue and
                 allotment by CDK of 300,000 of the Subscription Shares ("Fourth
                 Allotment").

         (v)     On or before 30 March 2000 the sum of US$150,000.00 shall be
                 paid by APL to CDK ("Fifth Payment") for the issue and
                 allotment by CDK of 300,000 of the Subscription Shares ("Fifth
                 Allotment").

         (vi)    On or before 28 April 2000 the sum of US$150,000.00 shall be
                 paid by APL to CDK ("Sixth Payment") for the issue and
                 allotment by CDK of 300,000 of the Subscription Shares ("Sixth
                 Allotment").

                                      -4-
<PAGE>

         (vii)   On or before 30 May 2000 the sum of US$50,000.00 shall be paid
                 by APL to CDK ("Seventh Payment") for the issue and allotment
                 by CDK of 100,000 of the Subscription Shares ("Seventh
                 Allotment").

         (The First Payment, Second Payment, Third Payment, Fourth Payment,
         Fifth Payment, Sixth Payment and the Seventh Payment shall hereinafter
         collectively be known as "Payments".)

         (The First Allotment, Second Allotment, Third Allotment, Fourth
         Allotment, Fifth Allotment, Sixth Allotment and the Seventh Allotment
         shall hereinafter collectively be known as "Allotments".)

         Prior to any of the relevant Payments being made by APL to CDK in
         respect of any of the relevant Allotments described above, CDK shall
         send to APL (by way of fax and overnight courier) a copy of the
         relevant written instructions to the relevant transfer agent or share
         registrar to issue the Subscription Shares to be allotted to APL along
         with the relevant written confirmation of the transfer agent or share
         registrar in respect of such issue instructions relating to the issue
         of Subscription Shares to APL. Upon receipt of the fax, APL shall
         deliver to CDK within one (1) business day the respective Payment by
         way of a wire (or telegraphic transfer) of immediately available funds
         to the CDK bank account as directed by CDK by a fax or email of wire
         instructions thereof.

2.3      Completion of the First Allotment shall take place promptly upon
         execution of this Agreement or at such other time and place as may be
         agreed between the parties to this Agreement.

2.4      At completion of the First Allotment :-

2.4.1    CDK shall procure that :-

         (a)   a meeting of the Board is convened and duly held at which valid
               resolutions are passed to authorize the issue and allotment of
               the Subscription Shares relating to the First Allotment to APL
               and the entering into and completing of this Agreement by CDK;

         (b)   CDK shall allot and issue credited as fully paid the Subscription
               Shares relating to the First Allotment to APL and shall enter the
               name of APL in the register of members of CDK as registered
               holder of the Subscription Shares;

         (c)   CDK shall issue and deliver to APL appropriate share certificates
               for the Subscription Shares duly executed by CDK.

                                      -5-
<PAGE>

2.4.2    Upon payment of any of the respective Second Payment, Third Payment,
         Fourth Payment, Fifth Payment, Sixth Payment and Seventh Payment by APL
         to CDK shall procure that :-

         (a)   such meetings of the Board is convened and duly held at which
               valid resolutions are passed to authorize the issue and allotment
               of the relevant respective Second Allotment, Third Allotment,
               Fourth Allotment, Fifth Allotment, Sixth Allotment and Seventh
               Allotment.

         (b)   CDK shall allot and issue credited as fully paid the Subscription
               Shares relating to the relevant and respective Second Allotment,
               Third Allotment, Fourth Allotment, Fifth Allotment, Sixth
               Allotment and Seventh Allotment in the register of members of CDK
               as registered holder of the Subscription Shares relating to the
               relevant and respective Second Allotment, Third Allotment, Fourth
               Allotment, Fifth Allotment, Sixth Allotment and Seventh
               Allotment.

         (c)   CDK shall issue and deliver to APL appropriate Share Certificates
               for the Subscription Shares relating to the relevant and
               respective Second Allotment, Third Allotment, Fourth Allotment,
               Fifth Allotment, Sixth Allotment and Seventh Allotment.

2.4.3    APL shall procure that a meeting of the board of directors of APL is
         convened and duly held at which valid resolutions are passed to
         authorize the purchase in respect of the issue and allotment of the
         Subscription Shares by CDK and the entering into and completing of this
         Agreement by APL;

2.4.4    Upon the completion of the Seventh Allotment of Subscription Shares to
         APL, CDK shall within 90 days from the date of the completion of the
         Seventh Allotment of Subscription Shares register all the Subscription
         Shares allotted to APL per Clause 2.2 above with the SEC.

         Shall CDK fail to register all the Subscription Shares with the SEC
         within 90 days from the date of the completion of the Seventh
         Allotment, then CDK shall pay to APL an amount in US$ equivalent to 1%
         per month of the aggregate Subscription Share Price for the
         Subscription Shares (i.e. 1% per month of US$900,000.00) ("the
         Subscription Interest") to APL and which Subscription Interest shall
         accrue until the Subscription Shares are registered with the SEC and
         shall be paid to APL upon the successful registration of the
         Subscription Shares with the SEC.

                                      -6-
<PAGE>

3.       EVENTS OF DEFAULT
         -----------------

3.1      In the event that :-

         3.1.1 the Shares are not (i) registered with the SEC pursuant to
               Section 12(g) of the Exchange Act and (ii) eligible for trading
               on the National Association of Securities Dealers
               Over-the-Counter Bulletin Board ("OTCBB") or any nationally
               recognized stock exchange or electronic trading system (a
               "National Exchange") on or before 28 February 2000 for whatever
               reasons; or

         3.1.2 the Shares are delisted or otherwise become ineligible for
               trading on the OTCBB or on any other National Exchange on or
               prior to 1 July 2000, save and except in the following
               circumstances :-

               (a)  the Shares cease to be so listed due to CDK ceasing to have
                    a class of equity securities registered under the Exchange
                    Act ; and

               (b)  the termination of such listing was as a result of a
                    voluntary act or decision of CDK and its shareholders and
                    whereby such voluntary act or decision leads to a general
                    offer being made to all shareholders of CDK for all the
                    Shares being held by such shareholders; or

         3.1.3 if on or before 1 July 2000  :-

               (a)  CDK shall be subject to any proceedings relating to
                    bankruptcy, winding up or insolvency in any courts of
                    competent jurisdiction; or

               (b)  CDK shall cease, or shall threaten to cease, to carry on its
                    business;

               (c)  APL shall terminate (pursuant to the terms of the licence
                    agreement) such licence agreement for the licence of CDK
                    Technology(TM) with CDK's subsidiary, CDKNet, LLC;

               then without prejudice to any other rights or remedies of APL in
               respect of any antecedent breach on the part of CDK under this
               Agreement, APL shall be entitled to:

               (i)  by notice in writing to CDK within a period of [twenty-eight
                    (28)]

                                      -7-
<PAGE>

                    days upon APL becoming aware of the happening of any of such
                    events (whichever is later) to forthwith terminate this
                    Agreement; and/or

               (ii) (if applicable) to terminate such licence agreement for the
                    licence of CDK Technology(TM) with CDK's subsidiary, CDKNet,
                    LLC and in which event CDK shall procure its subsidiary
                    CDKNet, LLC to allow and permit such termination without any
                    claims, demands or legal action against APL.

3.2      In the event that either :-

         3.2.1 APL fails to make any of the Payments on their respective due
               dates; or

         3.2.2 On or before 1 July 2000 :-

               (i)  APL shall be subject to any proceedings relating to
                    bankruptcy, winding up or insolvency in any courts of
                    competent jurisdiction; or

               (ii) APL shall cease, or shall threaten to cease, to carry on its
                    business; or

               (iii) CDK's subsidiary, CDKNet, LLC shall terminate (pursuant to
                    the terms of the licence agreement) such licence agreement
                    for the licence of CDK Technology(TM) with APL;

               then without prejudice to any other rights or remedies of CDK in
               respect of any antecedent breach on the part of APL under this
               Agreement, CDK shall :-

               (a)  be entitled to by notice in writing to APL within a period
                    of [twenty eight (28) days] upon CDK becoming aware of the
                    happening of any such event (whichever is later) to
                    forthwith terminate this Agreement; and/or

               (b)  (if applicable) be entitled on behalf of CDK's subsidiary
                    CDKNet, LLC to terminate on behalf of CDKNet, LLC any
                    licence agreement (in respect of CDKNet, LLC's CDK
                    Technology(TM)) entered into between CDKNet, LLC and APL.

4.       WARRANTIES
         ----------

4.1 Each party hereto hereby represents and warrants to the other party that :-

                                      -8-
<PAGE>

         4.1.1 it has all the necessary capacity to enter into, perform and be
               bound by the terms and conditions of this Agreement;

         4.1.2 it has taken or will take all steps and action and has obtained
               or will obtain all consents, approvals and waivers necessary or
               required for it to enter into, perform and be bound by the terms
               and conditions of this Agreement;

         4.1.3 the terms and conditions of this Agreement are valid and binding
               on it and are enforceable against it in accordance with the terms
               and conditions set out herein.

4.2      In consideration of APL agreeing to enter into this Agreement CDK
         warrants and represents to APL as at the date of this Agreement that,
         to the best of CDK's knowledge :-

         4.2.1 (a)  the particulars of CDK contained in Schedule [1] are true
                    and accurate in all respects;

               (b)  CDK has approximately 17,000,000 shares of common stock
                    issued and outstanding as of 11 November 1999;

         4.2.2 all returns particulars resolutions and other documents required
               to be filed with the relevant authorities in the U.S.A. by CDK
               have been duly filed and CDK has complied with all legal
               requirements in connection with its formation and with all issues
               of its shares;

         4.2.3 following the issue and allotment of the Subscription Shares by
               CDK, APL will be the beneficial owner of approximately] nine and
               fifty-seven one hundredths per cent (9.57%) of the issued common
               share capital of CDK as of 11 November 1999 as enlarged by the
               issue of the Subscription Shares set out in Clause 2.2;

         4.2.4 the Subscription Shares shall be allotted and issued credited as
               fully paid and on terms that they will rank pari passu in all
               respects with the chartered rights with the shares of common
               stock in CDK in issue as at the date of allotment of the
               Subscription Shares ;

         4.2.5 (a)  CDK has complied with all necessary and applicable
                    regulations and laws of the SEC and other regulatory
                    authorities in the United States of America (including the
                    Exchange Act);

               (b)  CDK's stock was previously traded on the OTCBB but has
                    recently been removed from the OTCBB and instead has its

                                      -9-
<PAGE>

                    shares currently traded on the so-called "Pink Sheets";

         4.2.6 (a)  the audited consolidated financial statements of CDK and its
                    Subsidiaries as set out in Form 10-SB filed with the SEC on
                    7 October 1999 ("FORM 10-SB") a copy of which financial
                    statements is attached hereto marked "ANNEX 1" has been
                    prepared in accordance with the requirements of relevant
                    ordinances, regulations and statutes and in accordance with
                    generally accepted accounting principles and practices in
                    U.S.A. consistently applied. Such financial statements are
                    hereinafter called "THE ACCOUNTS OF CDK".

                    CDK is now preparing to file and Amendment No. 2 to the Form
                    10-SB in approximately one week from the date of this
                    Agreement with the SEC to reflect Form 10-QSB type
                    disclosures. CDK undertakes to send to APL a copy of the
                    said Amendment No. 2 immediately after filing of the same
                    with the SEC;

               (b)  the Accounts of CDK are true and accurate in all material
                    respects and show a true and fair view of the assets,
                    liabilities, capital commitments and the state of affairs of
                    CDK and its Subsidiaries as at 30th June 1999;

               (c)  since 30th June 1999 :-

                    (i)  each of CDK and its Subsidiaries has carried on its
                         business in the ordinary and usual course;

                    (ii) no distribution of capital or income has been declared
                         made or paid in respect of any share capital of each of
                         CDK and its Subsidiaries;

                    (iii) each of CDK and its Subsidiaries has not assumed or
                         incurred any liabilities or expenditure otherwise than
                         in the ordinary course of carrying on its day-to-day
                         business;

                    (iv) there has been no material adverse change in the
                         financial position of each of CDK and its Subsidiaries;

         4.2.7 the assets and equipment included in the Accounts of CDK or
               acquired by each of CDK and its Subsidiaries since 30th June 1999
               are the property of and owned by CDK and/or its Subsidiaries (as
               the case may be) and are not subject to any debenture, mortgage,
               encumbrance or charge or any other third party interest save as
               for such equipment which is leased by,

                                      -10-
<PAGE>

               or used as collateral by CDK or its Subsidiaries;

         4.2.8 all the technologies and products marketed as developed by each
               of CDK and its Subsidiaries are the absolute property of (or for
               which the appropriate rights have been granted) CDK and/or its
               Subsidiaries (as the case may be) and are not subject to any
               third party interest and do not infringe on any intellectual
               property rights or other rights whatsoever of any other persons;

         4.2.9 all debts owed to each of CDK and its Subsidiaries will be good
               and collectable in the ordinary course of business and no amount
               included in the Accounts of CDK owing to each of CDK and/or its
               Subsidiaries (as the case may be) at 30th June 1999 has been
               released for an amount less than the value at which it was
               included in the Accounts of CDK;

         4.2.10(a)  all necessary licences consents permits and authorities have
                    been obtained by each of CDK and its Subsidiaries to enable
                    each of them to carry on its business lawfully and
                    effectively in the places and in the manner in which such
                    business is now carried on;

               (b)  each of CDK and its Subsidiaries has not done or omitted to
                    do anything in contravention or breach of any statute, order
                    or regulation or the like in U.S.A. or elsewhere applicable
                    to it or its business and giving rise to any fine, penalty,
                    default proceedings or other liability on its part;

               (c)  each of CDK and its Subsidiaries has conducted and is
                    conducting its business in accordance with applicable laws
                    and regulations in U.S.A. or elsewhere applicable to it;

         4.2.11 there are no agreements or arrangements entered into by each of
               CDK and its Subsidiaries otherwise than by way of bargain at
               arm's length and all contracts are entered into in the normal
               course of business;

         4.2.12 each of CDK and its Subsidiaries is not engaged either on its
               own account or vicariously in any material litigation or
               arbitration or tribunal proceedings and no such litigation
               arbitration or tribunal proceedings are pending or threatened by
               or against each of CDK and its Subsidiaries;

         4.2.13(a)  save as for the directors and/or employees set out in
                    Schedule 2 with particulars of such contract therein, there
                    are not in existence any contracts of service with directors
                    or employees of each of CDK and its Subsidiaries which
                    cannot be terminated by notice without giving rise to any
                    claim for damages or compensation

                                      -11-
<PAGE>

                    (other than under any relevant employment legislation;

               (b)  each of CDK and its Subsidiaries and their respective
                    employees are not involved in any industrial dispute;

         4.2.14(a)  each of CDK and its Subsidiaries has properly made all
                    returns and provided all other information required for the
                    purposes of taxation and none of such returns is disputed by
                    the Internal Revenue Services, U.S.A. or any other authority
                    concerned;

               (b)  all payments by each of CDK and its Subsidiaries to any
                    person which ought to have been made under deduction or
                    withholding of tax have been so made and each of CDK and its
                    Subsidiaries has (where required by law to do so) accounted
                    to the Internal Revenue Services, U.S.A. for the tax
                    deducted or withheld.

         4.2.15 that it is not aware of any intention and shall not on or before
               1 July 2000 voluntarily (through its shareholders or Directors)
               cease to be listed and which act would lead to a general offer
               being made to all the shareholders for such shares of CDK being
               held by the said shareholders;

         4.2.16 that it shall prior to any of the relevant Payments being made
               by APL to CDK in respect of any of the relevant Allotments
               described in Clause 2.2, it shall send to APL (by way of fax and
               overnight courier) a copy of the relevant written instructions to
               the relevant issue agent or share registrar to transfer the
               Subscription Shares to be allotted to APL along with the relevant
               written confirmation of the issue agent or share registrar in
               respect of such issue instructions relating to the transfer of
               Subscription Shares to APL and not revoke or change its
               instructions to the transfer agent or share registrar without the
               written consent of APL;

         4.2.17 that it shall upon the completion of the Seventh Allotment of
               Subscription Shares to APL, use its best endeavors and take all
               necessary steps to cause the Subscription Shares to be registered
               with the SEC within 90 days from the date of the completion of
               the Seventh Allotment of Subscription Shares.

5.       ANTI-DILUTIVE PROVISIONS
         ------------------------

5.1      Subject to Clause 5.2, CDK hereby agrees and undertakes with APL that
         it will not for a period of one (1) year from the date of this
         Agreement (the "RESTRICTED PERIOD") :-

5.1.1    allot and issue any shares in CDK; or

                                      -12-
<PAGE>

         5.1.2 issue securities or any instrument convertible into shares or
               debentures, or share warrants or options in respect of shares in
               CDK;

         at a price less than the Subscription Share Price to any other persons
         without the prior consent in writing of APL Provided that the
         restrictions herein contained shall not apply to the issue and
         allotment of shares of CDK hereto pursuant to the exercise of any
         rights under the share option plan in force from time to time for the
         benefits of the executives and employees of CDK.

5.2      Notwithstanding the restrictions contained in Clause 5.1, CDK shall be
         entitled to do any of the matters restricted pursuant to Clause 5.1
         without the prior consent in writing of APL during the Restricted
         Period Provided that it shall simultaneously upon the happening of such
         event issue and allot such number of additional shares in itself
         (excluding fraction of a share if any) to APL as shall be necessary to
         ensure that no dilution shall take place in relation to the share
         ownership and in the value of its shares held by that other party
         contemplated by this Agreement by reason of its doing such matters but
         not otherwise.

6.       GENERAL
         -------

6.1      Nothing in this Agreement shall create, or be deemed to create, any
         partnership or the relationship of principal and agent or employer and
         employee between the parties.

6.2      This Agreement sets out the entire agreement and understanding between
         the parties in relation to the transactions hereby contemplated, and
         supersedes all previous agreements, arrangements and understandings
         between them with regard to such transactions and neither party is
         entering into this Agreement or any of the arrangements contemplated
         hereby in reliance upon any representation or warranty not expressly
         set out in this Agreement.

6.3      No provision of this Agreement may be amended, modified, waived,
         discharged or terminated otherwise than by the express written
         agreement of the parties hereto nor may any breach of any provision of
         this Agreement be waived or discharged except with the express written
         consent of the party not in breach.

6.4      No failure or delay by either party in exercising any right, power or
         privilege under this Agreement shall operate as a waiver thereof, nor
         shall any single or partial exercise by either party of any right,
         power or privilege preclude any further exercise thereof or the
         exercise of any other right, power or privilege.

6.5      The rights and remedies of the parties herein provided are cumulative
         and not exclusive of any rights and remedies provided by law.

                                      -13-
<PAGE>

6.6      This Agreement shall be binding and enure to the benefit of each
         party's successors and permitted assigns but, except as expressly
         provided herein, neither party shall assign or transfer all or any of
         its rights or obligations hereunder without the prior written consent
         of the other party.

6.7      Each party shall be responsible for its own costs incurred in
         connection with the negotiation, preparation, execution and carrying
         into effect of this Agreement.

6.8      Time shall be of the essence of this Agreement, both as regards the
         dates and periods specifically mentioned and as to any dates and
         periods which may be substituted by agreement in writing between or on
         behalf of the parties.

6.9      In the event that any provision of this Agreement is held to be
         unenforceable, illegal or invalid by any court of competent
         jurisdiction, the validity, legality or enforceability of the remaining
         provisions shall not be affected nor shall any subsequent application
         of such provisions be affected. In lieu of any such invalid, illegal or
         unenforceable provision, the parties hereto intend that there shall be
         added as part of this Agreement a provision as similar in terms to such
         invalid, illegal or unenforceable provision as may be possible and be
         valid, legal and enforceable.

6.10     This Agreement may be executed in any number of counterparts or
         duplicates each of which shall be an original but such counterparts or
         duplicates shall together constitute one and the same agreement.

6.11     Each of the parties hereto shall do, execute and perform all such
         further deeds, documents, acts and things as the other party may
         reasonably require to put into effect the transactions contemplated by
         this Agreement.

6.12     All provisions of this Agreement shall so far as they are capable of
         being performed and observed continue in full force and effect
         notwithstanding completion except in respect of those matters then
         already performed.

7.       NOTICES
--       -------

7.1      Any notice required to be given under this Agreement shall be
         sufficiently given if delivered personally or forwarded by
         internationally recognized overnight couriers or sent by facsimile
         transmission to the relevant party at its address or fax number set out
         below (or such other address as the addressee has by five days prior
         written notice specified to the other parties) :-

         To CDK                       :   595 Stewart Avenue,  Suite 710,
                                          Garden City, New York,  United States
                                          of America 11530

                                      -14-
<PAGE>

         Fax Number                   :   (516) 222 2665
         Attention                    :   Steven A. HOROWITZ

         To APL                       :   Shop No.3A, Ground Floor
                                          Site 4, Whampoa Garden,
                                          Hung Hom, Kowloon
                                          Hong Kong

         Fax Number                   :   (852) 2335 0889
         Attention                    :   Keith T.K. WONG

7.2      Any notice delivered personally shall be deemed to have been served at
         the time of delivery. Any notice sent by internationally recognized
         overnight couriers shall be deemed to have been served 3 business days
         after the time at which it was delivered to the courier, the tracking
         receipt shall be sufficient to prove such service and notices sent by
         facsimile transmission shall be deemed to have been served one business
         day after transmission.

8.       LAW AND JURISDICTION
         --------------------

8.1      This Agreement shall be governed by and construed in all respects in
         accordance with the laws of the state of New York in the United States
         of America ("New York") and the parties hereby irrevocably submit to
         the non-exclusive jurisdiction of the Courts of New York .

8.2      Each of the following parties hereby irrevocably appoints (subject to
         substitution by way of written notice) the person set opposite its name
         below as its agent to acknowledge and accept service of legal process
         on behalf of such party :-

         PARTIES                                NAMES & ADDRESSES OF AGENTS
         -------                                ---------------------------

         CDKNet.Com, Inc.                       Steven A. HOROWITZ
                                                595 Stewart  Avenue,  Suite 710,
                                                Garden City,  New York,
                                                United States of America 11530

         Asia Pioneer Limited                   Keith T.K. WONG
                                                Shop No.3A, Ground Floor
                                                Site 4, Whampoa Garden,
                                                Hung Hom, Kowloon
                                                Hong Kong

                                                Telephone : (852) 9172 5700
                                                Fax : (852) 2335 0889

                                      -15-
<PAGE>

AS WITNESS the parties hereto have caused this Agreement to be executed the day
and year first above written in its counterpart as an Agreement.

                                      -16-
<PAGE>

                                   SCHEDULE 1
                                   ----------

                                       CDK

NAME                                  :  CDKNET.COM, INC.

PLACE OF INCORPORATION                :  the State of Delaware, U.S.A.

AUTHORIZED COMMON SHARE CAPITAL       :  US$4,000  divided  into  40,000,000
                                         shares of  common  stock of par value
                                         US$0.0001 each

ISSUED COMMON SHARE CAPITAL           :  Approximately 17,000,000 common shares

REGISTERED ADDRESS                    :  595 Stewart Avenue, Suite 710, Garden
                                         City, New York 11530, U.S.A.

DIRECTORS                             :  Steven A. HOROWITZ
                                         Anthony BONOMO
                                         Andrew SCHENKER

                                      -17-
<PAGE>

                                   SCHEDULE 2
                                   ----------

                 LIST OF CONTRACTS RELATING TO CLAUSE 4.2.13( A)

Name                                  Document
----                                  --------
Shai Bar LAVI                         Employment Agreement

Tom ROSS                              Employment Agreement

                                      -18-
<PAGE>

                                 EXECUTION PAGE

<PAGE>

SIGNED  by                                     )
                                               )
for and on behalf of  CDKNET.COM,  INC. in     )
the presence of :-Chris Hanscom-Bolton         ) /s/ Steven A. Horiwitz
                                               )--------------------------------
/s/ Chris Hanscom-Bolton
------------------------

SIGNED  by                                     )
                                               )
for and on behalf of ASIA PIONEER  LIMITED     ) /s/ illegible
in the presence of :-                          )--------------------------------
                                                         Authorized Signature(s)

                                                 /s/ illegible
                                                --------------------------------
                                                         Authorized Signature(s)

/s/ Keith A. Lee
------------------------------
Keith A. Lee
Solicitor
Aggarwal & Associates
Hong Kong SAR

                                      -19-EXHIBIT 10.17
                                                                   -------------
                       Dated the 16th day of November 1999

                                   CDKNET, LLC

                                       and

                              ASIA PIONEER LIMITED

--------------------------------------------------------------------------------

                        TECHNOLOGY AND LICENCE AGREEMENT

--------------------------------------------------------------------------------

                              AGGARWAL & ASSOCIATES
                            Rooms 1905-7, 19th Floor
                              St. George's Building
                               2 Ice House Street
                                     Central
                                    Hong Kong

                          Ref.: 0203-0295/99/NA/RKW/KAL

<PAGE>

                                     - ii -
                                    CONTENTS

                                                                           Page
1.       Definitions.........................................................1
2.       Products and Services to be provided................................5
3.       Conduct of the Work.................................................5
4.       Implementation Plan.................................................6
5.       Location Preparation................................................6
6.       Provision of Hardware...............................................6
7.       Delivery of Hardware................................................9
8.       Installation of Hardware............................................9
9.       Delivery and Installation of the Software...........................9
10.      Installation Tests.................................................10
11.      Delays.............................................................11
12.      Licence............................................................12
13.      Duration of the Licence............................................17
14.      Documentation......................................................17
15.      Warranties.........................................................17
16.      Other Matters giving cause for Damages and/or Termination..........18
17.      Terms of Payment...................................................20
18.      Training...........................................................22
19.      Maintenance Services...............................................23
20.      Maintenance of the Hardware........................................23
21.      Maintenance of the Software........................................24
22.      Title to and Risk in the System....................................25
23.      Proprietary Rights.................................................26
24.      Copying............................................................26
25.      Confidentiality....................................................26
26.      Use of Data........................................................27
27.      Independent Contractor.............................................27
28.      Assignment.........................................................28
29.      Indemnities........................................................28
30.      Publicity..........................................................30
31.      Sub-contracts......................................................30
32.      Termination of the Agreement.......................................30
33.      Effect of Termination..............................................31
34.      Severability.......................................................31
35.      Other Terms, Matters, and Conditions to be Fulfillied..............31
36.      Duration of the Contract...........................................33
37.      Hire Equipment.....................................................33
38.      Entire Agreement...................................................34
39.      Law and Jurisdiction...............................................34
40.      Service of Notice..................................................34
41.      Waiver.............................................................35
42.      Force majeure......................................................35

                                      -i-
<PAGE>

43.      Extent of Liability................................................35
44.      Provision of Other Software........................................35
45.      Warranties as to APL Shares........................................36

Schedule 1 (Hardware).......................................................39
Schedule 2 (System).........................................................41
Schedule 3 (Implementation Plan)............................................43
Schedule 4 (Training Plan)..................................................44
Schedule 5 (Documentation)..................................................45
Schedule 6 (Location).......................................................46
Schedule 7 (Installation Tests).............................................48
Schedule 8 (Other Software).................................................49
Schedule 9 (Asia Pioneer Limited)...........................................50

                                      -ii-
<PAGE>

THIS AGREEMENT         is made on the         day of                   , 1999

BETWEEN :-

(1)      CDKNet, LLC, a New York limited liability company with offices at 250
         West 57th Street, New York, New York 10019, United States of America
         ("CDKX"); and

(2)      Asia Pioneer Limited, a company incorporated in the Cayman Islands
         whose registered office is situate at Hurtlaw Building, P.O. Box 2804,
         George Town, Grand Cayman, Cayman Islands and whose place of business
         is located at Shop No. 3A, Ground Floor, Site 4, Whampoa Garden, Hung
         Hom, Kowloon, Hong Kong ("APL").

WHEREAS :-

(1)      APL has decided to exclusively license (on the terms and conditions set
         forth below), the CDK Technology(TM) (as defined in Clause 1) for the
         use, marketing and business of its website and any other business of
         APL; and

(2)      APL has elected to exclusively license, hire, use, obtain (as the case
         may be) from CDKX and CDKX has agreed to grant the right of use of the
         Hardware, the Other Software and the Software (as hereinbelow defined)
         and supply all relevant services necessary for the maintenance and
         operation of CDK Technology(TM) used by APL (on the terms and
         conditions set forth below).

NOW IT IS HEREBY AGREED that in consideration of the payments to be made by APL
in the time and manner set out in Clause 17 of this Agreement, CDKX shall grant
the right of use of the Hardware and Software (as hereinbelow defined) and
supply all services necessary for the operation of the System in accordance with
the terms and conditions and other matter hereinafter set out.

1.       Definitions
         -----------

1.1      In this Agreement, unless the context otherwise requires, the following
         expressions have the following meanings :-

         "this Agreement"     Means this agreement as amended, modified or
                              supplemented from time to time.

         "Artistic Work"      Means a graphic work, photograph, sculpture or
                              collage irrespective of artistic quality ("graphic
                              work" includes any painting, drawing, diagram,
                              map, chart or plan; "photograph" means a recording
                              of light of other radiation on any medium on which
                              an image is produced or from which an image may by
                              means be produced; "sculpture" includes a cast or
                              model made for the purpose of sculpture).

                                      -1-
<PAGE>

         "CDK
          Technology(TM)"     Means the engineering and technology specially
                              developed by CDKX whereby such technology and
                              engineering combines CD (compact disc) digital
                              audio, full motion, fullscreen video and web
                              linking through a browser interface. In
                              combination with such technology an HTML
                              authorizing system is used to produce custom HTML
                              interface pages for specific clients within a
                              certain time period. The technology includes all
                              the proprietary rights and techniques of CDKX
                              along with such technique and engineering for
                              creating full motion, fullscreen video playback
                              from CD Rom.

         "Completion Date"    Means the date specified in the Implementation
                              Plan by which CDKX is to provide the System Ready
                              for Use.

         "Consideration       Means US$ 243.80 per Consideration Share.
          Share Price"

         "Consideration       Means 4,890 shares of par value US$ 0.01 each in
          Shares"             the capital of APL, constituting approximately
                              four and eighty-nine one hundredths per cent
                              (4.89%) of the issued share capital of APL as at
                              the date of the Share Completion. One of such
                              shares shall be known as "Consideration Share".

         "Data"               Means all information, submission, correspondence,
                              copyright contents on APL's website, data and
                              updates generated and collected on APL's website.

         "Documentation"      Means the operating manuals, user instructions,
                              technical literature and all other related
                              materials in human-readable form (i.e. English)
                              supplied to APL by CDKX for aiding the use,
                              application and maintenance of the System as
                              specified in Schedule 5.

         "Exchange Act"       Means the U.S. Securities Exchange Act of 1934, as
                              amended.

         "Films"              Means a recording on any media from which a moving
                              image may by any means be produced. The soundtrack
                              accompanying a film is to be treated as part of
                              the film.

         "Hardware"           Means the equipment specified in Schedule 1 and
                              any other additional or replacement equipment
                              provided by CDKX under the provisions of this
                              Agreement.

         "Hardware            Means the delivery date specified in the
          Delivery Date"      Implementation Plan by which CDKX is to deliver
                              the Hardware.

                                      -2-
<PAGE>

         "Hardware
          Installation Date"  Means the delivery date specified in the
                              Implementation Plan by which CDKX is to install
                              the Hardware.

         "Implementation      Means the time schedule and sequence of events for
          Plan"               the performance of this Agreement (the details of
                              which are set out in Schedule 3) or such other
                              implementation plan as may be agreed by the
                              parties of this Agreement.

         "Installation        Means the installation tests specified in Schedule
          Tests"              7 and any other installation tests as may be
                              agreed between the parties pursuant to Clause 10.

         "Licence"            Means the licence granted to APL by CDKX pursuant
                              to Clause 12.

         "Licence Fee"        Means the fee for the licence as specified in
                              Clause 17.2.

         "Licence Period"     Means the period as specified in Clause 13.

         "Location"           Means the location at which the Hardware is to be
                              installed as specified in Schedule 6.

         "Maintenance         Means the maintenance services to be provided by
          Services"           CDKX pursuant to Clauses 19, 20 and 21
                              respectively.

         "Musical Works"      Means a work consisting of music exclusive of any
                              words or action intended to be sung, spoken or
                              performed with the music.

         "Other Software"     Means the programs specified in Schedule 8 and any
                              additional or replacement programs thereto.

         "Price"              Means the aggregate price for the System and the
                              Work to be carried out by CDKX hereunder as
                              specified in Clause 17.1.

         "Ready for Use"      Means fully installed and tested and successfully
                              completed so as to make the System both functional
                              and operational within the standards as agreed by
                              both parties but in any event as reasonably
                              expected by a reasonable person taking into
                              account CDKX's current version of the Software,
                              CDK Technology(TM)and existing Hardware set up to
                              run its business of "MixFactory(TM)".

         "SEC"                Means the U.S. Securities and Exchange Commission.

                                      -3-
<PAGE>

         "Shares"             Means shares of common stock, par value US$0.0001
                              per share of CDKNet.Com, Inc

         "Share Completion"   Means completion of the issue and allotment of
                              Consideration Shares under this Agreement.

         "Software"           Means the application programs developed for the
                              System and any other additional or replacement
                              programs from time to time provided and developed
                              by CDKX under the provisions of this Agreement and
                              which also includes the CDK Technology(TM).

         "Software Delivery   means the delivery date specified in the
          Date"               Implementation Plan by which CDKX is to deliver
                              and install the CDK 2.0 Software(C).

         "System"             means the Hardware and Software in one combination
                              with the other based on the CDK Technology(TM) in
                              order to make functional and operational those
                              processes and services described in Schedule 2.

         "Training Plan"      means the training to be provided by CDKX for
                              APL's staff the details of which are set out in
                              Schedule 4.

         "Upgrade and         means those upgrades, modifications, enhancement
          Enhancements"       and development of the Software and Hardware by
                              CDKX more particularly set out in Clause 21.3.

         "US$"                means the lawful currency of the United States of
                              America.

         "Work"               means all works, duties and obligations to be
                              carried out by CDKX pursuant to the provisions of
                              this Agreement.

1.2      Except where the context otherwise requires, words denoting the
         singular include the plural and vice versa; words denoting persons
         include firms and corporations and vice versa; words denoting any
         gender include all genders.

1.3      Reference to any enactment, order, regulation or other similar
         instrument shall be construed as a reference, order, regulation or
         instrument as amended by any subsequent enactment, order, regulation or
         instrument.

1.4      The heading to the clauses of this Agreement is for ease of reference
         only and shall not affect the interpretation or construction of this
         Agreement.

                                      -4-
<PAGE>

2.       Products and Services to be provided
         ------------------------------------

         CDKX hereby agrees to :-

         2.1.1   grant the right to use the Hardware to APL free from
                 encumbrances as per Clause 29;

         2.1.2   grant to APL an exclusive licence to use the software specially
                 developed for or used in relation to the CDK Technology(TM) as
                 set out in Clause 12;

         2.1.3   deliver, install and maintain the System in accordance with the
                 terms hereof;

         2.1.4   provide the System Ready for Use by the Completion Date;

         2.1.5   provide training in accordance with the Training Plan and the
                 Documentation;

         2.1.6   provide the Maintenance Services;

         2.1.7   provide assistance in developing and to develop or further
                 develop and customize Software for additional or change of
                 functions of the CDK Technology(TM) in relation to the System
                 as from time to time agreed with APL;

         2.1.8   provide any other services hereinafter described and on the
                 terms and conditions hereinafter contained;

         2.1.9   provide the Hardware, Software and Other Software for the
                 System;

         2.1.10  upgrade and enhance the Software and adopt new data technology
                 to improve the System's performance in fulfillment of the
                 changes in the user requirements and market needs;

         2.1.11  provide free usage to APL of those products, premises,
                 equipment and services set out in Clause 35.

3.       Conduct of the Work
         -------------------

3.1      CDKX shall carry out the Work with all due and reasonable diligence and
         despatch.

3.2      CDKX shall keep APL informed on all matters related to the Work within
         the knowledge of CDKX and shall answer all reasonable enquiries
         received from APL.

3.3      The parties shall procure that their respective representatives will
         meet at the interval specified in the Implementation Plan and after
         live running of the System to discuss and minute the progress of the
         System's development.

                                      -5-
<PAGE>

3.4      CDKX shall, if reasonably practicable, attend any other meetings (by
         telephone if necessary) convened by APL and shall advise and assist APL
         on all matters relating to the duties and obligations it has assumed
         under this Agreement at a time reasonably convenient to both parties.

4.       Implementation Plan
         -------------------

         CDKX shall perform its obligations under this Agreement in accordance
         with the Implementation Plan and shall complete each stage by the date
         specified in the Implementation Plan.

5.       Location Preparation
         --------------------

5.1      CDKX shall supply APL in a reasonable time before delivery such
         information and assistance as may be necessary to enable APL to plan to
         prepare the Location for the installation of the Hardware to be
         installed at APL's premises. In the event the Location is not prepared
         by APL or suitable as promised by APL then APL shall procure or find an
         alternate premises which is reasonably suitable for installation of the
         Hardware.

5.2      APL shall, at its own expense and in a timely manner prepare the
         Location and provide such reasonable equipment and reasonable
         environmental and operational conditions for the Hardware which is to
         be installed as per the diagram in Schedule 1, prior to installation.
         APL shall provide CDKX with a list of equipment and details of the
         Location to CDKX for CDKX's approval prior to delivery of the Hardware.
         CDKX shall either approve the list of APL or inform APL of any
         modifications or amendments thereto. Thereafter, APL shall carry out
         such modifications or provide the modifications prior to delivery of
         the Hardware. Shall CDKX fail to approve or make any amendments or
         modifications to APL's list, the Location shall be deemed to have been
         approved by CDKX and APL shall not be liable for any damages to the
         Hardware as a result of the Location (if any) even if later discovered
         [CDKX shall assist APL both by maintenance and replacement of any of
         the defective or damaged Hardware (if any) as a result of the
         Location].

6.       Provision of Hardware
         ---------------------

6.1      CDKX shall provide as part of provision of the required service, all
         Hardware and related facilities as specified in Schedule 1 for the
         operation of the System.

6.2      CDKX shall be responsible to install at the Location all Hardware and
         connect them to the existing hardware or equipment provided by APL (if
         any) for operation and/or connection to the System. In order for CDKX
         to install the Hardware to APL's existing equipment and hardware, APL
         shall provide to CDKX a list of specifications of the Location and
         APL's hardware and equipment (if any) prior to delivery of the Hardware
         as per Clause 5.2.

                                      -6-
<PAGE>

6.3      Upon delivery and installation of all the Hardware, APL shall have the
         right to use and keep such Hardware throughout the continuing period of
         eight (8) months from the Completion Date or such date when the System
         is Ready for Use ("Ready for Use Date") (whichever is later) without
         any costs or expenses to APL. At the expiry of the eight (8) month
         period from the Completion Date or the Ready for Use Date (whichever is
         later), APL shall have the option to either :-

         (a)     purchase all the Hardware or only certain of the units
                 comprising the Hardware as set out in Schedule 1 ("Units") .
                 Shall APL wish to exercise its option to purchase all the
                 Hardware or Units of the Hardware then APL shall serve notice
                 to CDKX not less than 30 days prior to the expiration of the
                 eight (8) months period of its intention to purchase such of
                 the Hardware (which notice shall include a list of the Hardware
                 it shall purchase); or

         (b)     lease either all the Hardware or only certain of the Units
                 comprising one (1) Robot Station, one (1) Database System, one
                 (1) Printing System and one (1) Web System as set out in
                 Schedule 1 ("One Set Unit") or one (1) Robot Station to CDKX.
                 Shall APL wish to exercise its option to lease all the Hardware
                 or One Set Unit of the Hardware then APL shall serve written
                 notice to CDKX and less than 30 days prior to the expiration of
                 the eight (8) months period of its intention to lease such of
                 the Hardware (which notice shall include a list of the Hardware
                 (which notice shall include a list of the Hardware it shall
                 lease); or

         (c)     purchase One (1) Robot Station and lease One Set Unit of the
                 Hardware. Shall APL wish to exercise its option to purchase and
                 lease the Hardware then APL shall serve written notice of not
                 less than 30 days prior to the expiration of the eight (8)
                 months period of its intention of purchase and lease the
                 Hardware; or

         (d)     return all of the Hardware to CDKX.

         Shall APL exercise its option to purchase any Units or all the Hardware
         as described in Clause 6.3(a) then APL shall pay to CDKX the relevant
         amount for each Units of the Hardware being purchased as set out in
         Schedule 1. Payment for the Hardware being purchased shall be payable
         in six equal monthly installments per relevant Units from the date of
         the expiration of the eight (8) month period described above.

         Shall APL exercise its option to lease One Set Unit of the Hardware as
         described in Clause 6.3(b) above then APL shall pay to CDKX US$5,000.00
         per month Shall APL exercise its option to lease all the Hardware as
         described in Clause 6.3 (b)

                                      -7-
<PAGE>

         above then APL shall pay to CDKX US$10,000.00 per month. The leasing
         fee payable in respect of Clause 6.3(b) shall commence and become due
         and payable from the expiry of the initial eight (8) month period
         described above. During the lease term, the rights of APL set out in
         Clause 6.3 (a), (b) and (c) shall continue to subsist. Should APL
         exercise any of its rights to lease One Set Unit of the Hardware or all
         the Hardware, the lease term shall commence from the expiry date of the
         initial eight month period described above and continue for a further
         eight months period which period shall automatically renew for eight
         month periods thereafter upon the same lease amount of US$5,000.00 or
         US$10,000.00 per month (as the case may be) until either APL purchases
         the relevant one (1) Robot Station and/or One Set Unit of the Hardware
         being leased or serves at least 30 days prior written notice of CDKX of
         its intention not to renew the lease or unless earlier terminated under
         the provisions of this Agreement.

         Shall APL exercise its option under Clause 6.3 (c) then APL shall :-

         (i)     pay US$60,000.00 to CDKX for the one (1) Robot System, which
                 shall be payable in six equal monthly installments from the
                 date of the expiration of the eight (8) month period described
                 above; and

         (ii)    pay to CDKX US$5,000.00 per month commence from the expiry of
                 the initial eight (8) month period described above. The lease
                 term shall commence from the expiry date of the initial eight
                 month period described above and continue for a further eight
                 months period which period shall automatically renew for eight
                 month periods thereafter upon the same lease amount of
                 US$5,000.00 per month (as the case may be) until APL purchases
                 the either the relevant one (1) Robot Station and/or One Set
                 Unit of the Hardware being leased or serves at least 30 days
                 prior written notice of CDKX of its intention not to renew the
                 lease or unless earlier terminated under the provisions of this
                 Agreement. During the lease term, the rights of APL set out in
                 Clause 6.3 (a), (b) and (c) shall continue to subsist

         Such of the Hardware not being purchased or leased shall be returned to
         CDKX in good condition (fair wear and tear save and excepted) at APL's
         own costs and expenses and shall be delivered within a reasonable time
         and by such means of delivery and packaging as reasonably required to
         ensure the safe and timely delivery of the returned Hardware. APL shall
         ensure that proper and sufficient insurance in respect of the delivery
         of the returned Hardware is taken out.

         Shall APL wish to replace any of the Hardware after the expiry of eight
         (8) months from the Date of Completion or Ready for Use Date (whichever
         is later) then the replaced type of Hardware, delivery date thereof and
         all costs to be incurred or related thereto shall be mutually agreed by
         both parties failing which such costs shall be that stipulated by CDKX
         provided the same are reasonable and of the same market value in the
         U.S.A.

6.4      CDKX shall not remove, replace or repossess any of the Hardware during
         any of the eight (8) month period mentioned in Clause 6.3 and unless
         purchased by APL after the said eight (8) month period or any parts
         thereof for any reason unless otherwise provided for in this Agreement.

                                      -8-
<PAGE>

6.5      APL shall not remove or relocate any of the Hardware (save where and
         when purchased by APL) once the Hardware has been installed by CDKX and
         APL shall not allow any other party to operate such Hardware (unless
         purchased by APL) without CDKX's prior written consent.

7.       Delivery of Hardware
         --------------------

         On the Hardware Delivery Date, CDKX shall deliver the Hardware by any
         appropriate method of transport selected by CDKX and APL shall use its
         best endeavours to assist CDKX in the importation of the Hardware into
         Hong Kong SAR including compliance with the Customs and Excise
         Department's rules and regulation and any other regulation concerning
         the importation of the Hardware. Shall there be any taxes or duties
         levied by the Customs and Excise Department of the Government of the
         Hong Kong Special Administrative Region ("HKSAR") or any charges of the
         like levied by any government authority of HKSAR (save as to such
         export taxes and duties which may be imposed and payable to any
         relevant government authority of the United States of America) the said
         taxes, duties and charges levied by the relevant government authority
         of HKSAR shall be borne and paid by APL.

8.       Installation of Hardware
         ------------------------

8.1      On the Hardware Installation Date, CDKX shall install the Hardware and
         if applicable, install the Hardware to APL's hardware and equipment at
         the Location.

8.2      If in the reasonable opinion of CDKX it is necessary to remove or
         otherwise disconnect any of APL's equipment at the Location in order to
         carry out the installation of the Hardware, then APL shall permit and
         obtain all necessary consents for such removal or disconnection and
         shall give CDKX all necessary assistance.

8.3      CDKX shall install the relevant Hardware at the Location without
         unreasonably interrupting the existing computer system of APL (if any).
         APL shall give to CDKX all necessary assistance to enable the
         installation work to be carried out.

9.       Delivery and Installation of the Software
         -----------------------------------------

         On the Software Delivery Date, CDKX shall deliver the CDK 2.0
         Software(C) to APL and shall use reasonable endeavours to install the
         same on the Hardware and the hardware provided by APL as soon as
         possible after the Software Delivery Date.

         CDKX shall also, in accordance with the Implementation Plan deliver the
         Software and Other Software to APL and shall use reasonable endeavours
         to install the same on the Hardware and hardware provided by APL by and
         in accordance with such dates set out in the Implementation Plan.

                                      -9-
<PAGE>

10.      Installation Tests
         ------------------

10.1     APL reserves the right to conduct the Installation Tests on the
         Hardware, Software and the Other Software provided CDKX has supervised
         the same. Shall CDKX fail to supervise APL's Installation Tests due to
         wilful or unreasonable absence or refusal to attend supervision then
         APL may conduct Installation Tests on its own.

10.2     CDKX shall within a reasonable time submit the specification of such
         Installation Tests including its connection to the Hardware provided by
         APL for the reasonable approval of APL. If such specification does not
         provide reasonably sufficient detail to test all the functions and
         facilities of the Hardware, Other Software and the Software, CDKX shall
         make any reasonable amendments to such specifications as is necessary
         to conduct proper and reasonable testing upon request. APL shall make
         ready such of its Hardware at the Location for connection to the System
         and shall ensure that its Hardware is operating in full and proper
         working order.

10.3     CDKX shall on the date specified in the Implementation Plan, submit the
         Hardware, the Software and the Other Software to the Installation Tests
         to prove to APL that the Hardware, Other Software and the Software and
         every part thereof are operating in full and proper working order. CDKX
         shall within a reasonable time supply to APL the results of the
         Installation Tests and certify in writing whether the Hardware, Other
         Software and the Software have passed the same.

10.4     If the Hardware, Other Software or the Software or any part thereof
         substantially fail as a whole to pass the Installation Tests within [3
         weeks] from the date of its first submission to the Installation Tests
         such that the System is not Ready for Use, then :-

         (a)     CDKX shall use its best endeavours at its own costs and
                 expenses to fix the System such that the System is Ready for
                 Use within one month from the date of failure of the
                 Installation Tests. If the System is not Ready for Use within
                 the said one month period then Sub-Clause (b) or (c) shall
                 apply; and

         (b)     APL shall have the option to fix the System using its best
                 endeavours (either by themselves, their agents, contractors,
                 etc.) at CDKX's costs and expenses which shall be reimbursed to
                 APL on demand. If APL is unable to fix the System such that it
                 is Ready for Use within one month from the date when CDKX had
                 failed to fix the System (as described in Sub-Clause (a) above)
                 then APL shall have the right to forthwith terminate this
                 Agreement and upon termination CDKX shall (i) forthwith refund
                 to APL all sums paid to CDKX under this Agreement (if any); and
                 (ii) pay to APL such amount of damages which APL has suffered
                 as a result of the failure of the System up to a total maximum
                 of US$100,000.00 (save as for the events of indemnity pursuant
                 to Clause 29); or

         (c)     APL shall have the right to forthwith terminate this Agreement
                 and upon

                                      -10-
<PAGE>

                 termination CDKX shall forthwith refund to APL all sums paid to
                 CDKX under this Agreement (if any) together with interest
                 calculated at 8% per annum on such amounts paid by APL to CDKX
                 from the time such amounts were paid.

         Provided always the failure of the Installation Tests are not the cause
         or fault of CDKX, its agents, employees, contractors or authorized
         persons. CDKX shall in no event or circumstances be liable for the
         acts, faults or negligence of APL, its staff, employees, personnel or
         agents.

10.5     CDKX may request for individual unit test to be performed in the
         presence APL on the hardware provided by APL to prove the failure of
         the Installation Tests are not caused by the Hardware, Other Software
         or the Software. APL shall ensure that the hardware provided by APL
         shall confirm to the specification given in Schedule 1 and be
         responsible for the rectification of such hardware fault proved by CDKX
         during the Installation Tests.

10.6     Within 1 week after the Ready for Use Date, APL shall if the System has
         not in the meantime failed or broken down, certify in writing to CDKX
         that the System is Ready for Use and satisfactorily installed upon
         which certification CDKX shall not be liable for any failure of the
         System's operation other than as expressly provided for in Software
         Maintenance as set forth in Clause 21 below, and for training and
         pass-through warranty services (if any) as set forth in Clause 20
         below. At least one representative of CDKX will remain at the Location
         of APL during such 1 week for training and transition purposes,
         pursuant to Clause 17.3 below.

11.      Delays
         ------

11.1     CDKX shall ensure that the System is Ready for Use on or before the
         Completion Date.

11.2     If CDKX shall fail to provide the System Ready for Use by the
         Completion Date then CDKX shall pay to APL as and by way of liquidated
         damages for any loss or damages sustained by APL resulting from delay
         during the period from the Completion Date to the date on which CDKX
         provides the System Ready for Use the sum of [US$1,000.00] or 0.1% of
         the aggregate payment installments of the Price set out in Clause 17
         (whichever the higher) for each day or part of the day of such delay up
         to a total maximum of [US$100,000.00]. Subject to the provisions of
         Sub-Clause 11.3 below the payment of such sums shall be in full
         satisfaction of CDKX's liability for such delay only. The payment of
         liquidated damages shall not relieve CDKX from its obligation to
         provide the System Ready for Use or from any other liability or
         obligation under this Agreement. APL reserves the right to deduct from
         any payment installments of the Price due to CDKX by APL such
         liquidated damages.

11.3     If CDKX shall fail to provide the System Ready for Use within [60] days
         after the Completion Date then notwithstanding anything else contained
         in this Agreement APL

                                      -11-
<PAGE>

         shall be entitled to terminate this Agreement forthwith on giving
         written notice to CDKX and to recover from CDKX the amount of all
         damages and loss suffered by APL resulting from such failure up to a
         total maximum of US$100,000.00. Upon such termination CDKX shall
         (without prejudice to APL's right to recover the amount of such damages
         and loss as aforesaid) forthwith refund to APL all moneys previously
         paid to CDKX under this Agreement.

11.4     CDKX shall not be held liable for delay due to the fault of the
         hardware provided by APL as described in Clause 10.5 above or the
         facilities provided by APL.

12.      Licence
         -------

12.1     CDKX hereby grants to APL an exclusive licence to use the Software and
         CDK Technology(TM) in accordance with the terms set out hereafter
         throughout the duration of this Agreement.

12.2     CDKX shall grant an exclusive license to APL to use the Software and
         CDK Technology(TM) for the business, operation, development, trade,
         activities, marketing or promotion of APL's system and websites or
         business or projects which is solely in the Chinese language including
         but not limited to all forms of Chinese media, literature, audio-visual
         content and all other materials and/or data that can be presented
         electronically or digitally using primarily the Chinese language ("the
         Chinese Content") within any place, community, territory, country, area
         or venue.

         12.2.1  APL'S Other Rights

                 12.2.1.1  Notwithstanding Clause 12.2, APL shall have the right
                           to use the Software and CDK Technology(TM) to provide
                           or allow others to provide contents in any language
                           other than Chinese ("Other Languages") when the
                           content is :-

                           (a) Not primarily or solely in Other Languages or
                               which use of Other Languages is ancillary to or
                               incidental to the main contents, compilation of
                               music, film, music artist's work or theme being
                               marketed, promoted or used by APL or other
                               parties authorized by APL; and

                           (b) Not considered to be in competition with CDKX's
                               business or activities or affect the business,
                               promotion, advertising or other uses of CDKX
                               which relate to Artistic Works or Films or
                               Musical Works containing or using Other Languages
                               (save as to Musical Works containing Other
                               Languages and which Other Languages being used is
                               incidental to or ancillary to the entire
                               compilation of songs or Musical Works using Other
                               Languages of a

                                      -12-
<PAGE>

                               relevant music artist(s) or group which is
                               primarily in the Chinese language or of Chinese
                               Content).

                 12.2.1.2  APL shall have the right (if necessary) to use the
                           Software and CDK Technology(TM) to provide or allow
                           others to provide content in Other Languages whereby
                           use of Other Languages is part of an entire business
                           package, agreement, arrangement or deal for the
                           marketing, promotion or sale of a product,
                           merchandise or film in various different languages
                           and countries, venues, territories, places or areas
                           ("Business Package") and where use of Other Languages
                           is only ancillary to or incidental to the entire
                           Business Package and where use of Other Languages is
                           not the primary part or objective of the entire
                           Business Package.

                 12.2.1.3  Where APL wishes to use the Software and CDK
                           Technology(TM)to provide or wish to allow others to
                           provide content in Other Languages or any content
                           which is not primarily of Chinese Content and where
                           APL is not authorized to use the Software and CDK
                           Technology(TM)as set out in the terms of this License
                           then APL may in writing request the consent of CDKX
                           to use the Software and CDK Technology(TM)to provide
                           or allow others to provide content in Other Languages
                           or any content which is not primarily of Chinese
                           Content. Should CDKX, in writing and at its sole
                           discretion, consent to such use or arrangement then
                           such use or arrangement will not be deemed as a
                           breach of this Agreement or License provided always
                           that consent shall only apply on a case by case basis
                           for each specific matter or request.

12.2.2   CDKX'S Reserved Rights

                 12.2.2.1  Save and provided always, CDKX may (if necessary) use
                           the Software and CDK Technology(TM) to provide or
                           allow others to provide Chinese Content which are:-

                           (a) Not primarily or solely in the Chinese language
                               or which use of Chinese Content is ancillary to
                               or incidental to the main contents compilation of
                               music, film, music, artist's work or theme being
                               marketed, promoted or used by CDKX or other
                               parties authorized by CDKX; and

                           (b) Not considered to be in competition with APL's
                               business or activities or affect the business,
                               promotion, advertising or other uses of APL which
                               relate to Artistic Works or Films or Musical
                               Works containing or using Chinese Contents (save
                               as to Artistic Works or Films containing

                                      -13-
<PAGE>

                               Chinese Content and which Chinese Content is
                               incidental to or ancillary to the Other Languages
                               being spoken or sung, the Artistic Work being
                               presented or the actions being performed.

                 12.2.2.2  CDKX shall have the right (if necessary) to use the
                           Software and CDK Technology(TM) to provide or allow
                           others to provide Chinese Content whereby use of
                           Chinese Content is part of a Business Package and
                           where use of Chinese Content is only ancillary to or
                           incidental to the entire Business Package and where
                           use of Chinese Content is not the primary part or
                           objective of the entire Business Package.

                           Shall Chinese Content be used in any Business Package
                           then it is hereby agreed that CDKX shall pay to APL a
                           fee equivalent to 2% of the gross revenue of CDKX
                           which relate to Chinese Content (i.e. derived form
                           and attributed to the Chinese Content only and not
                           the entire Business Package as a whole) and which
                           said sum shall be paid bi-annually at the same time
                           as APL is required to pay a license fee as set out in
                           Clause 17.2 and based on the same terms of estimation
                           and reconciliation of accounts as APL and as set out
                           in Clause 17.2 of this Agreement.

                 12.2.2.3  Where CDKX wish to use the Software and CDK
                           Technology(TM)to provide or wish to allow others to
                           provide Chinese Content or any content which is not
                           primarily Other Languages and where CDKX is not
                           authorized to use the Software and CDK
                           Technology(TM)as set out in the terms of this License
                           then CDKX may in writing request the consent of APL
                           to use the Software and CDK Technology(TM) to provide
                           or allow others to provide Chinese Content or any
                           content which is not primarily in Other Languages.
                           Should APL, in writing and in its sole discretion,
                           consent to such use or arrangement then such use or
                           arrangement will not be deemed as a breach of this
                           Agreement or License provided always that consent
                           shall only apply on a case by case basis for each
                           specific matter or request.

                           In considering whether a party's use of the Software
                           or CDK Technology(TM) to provide or authorization for
                           another party to provide Chinese Content or content
                           in Other Languages (as the case may be) is in
                           competition with such party's business, the type of
                           Chinese Contents or content in Other Languages (as
                           the case may be), the target recipients of the
                           Chinese Content or content in Other Languages (as the
                           case may be), the likeness or similarity in business,
                           the intention of such relevant party, the

                                      -14-
<PAGE>

                           effect or impact on business of the relevant party
                           shall among other things be taken into account and
                           which factors must substantially in part or whole
                           affect such party's business or operations.

                           When assessing whether or not Chinese Content or
                           content in Other Languages (as the case may be) is
                           ancillary to or incidental to the main contents being
                           promoted, marketed or used by either party and or
                           such other persons authorized, the overall contents,
                           the amount of Chinese Content or content in Other
                           Languages (as the case may be) in comparison to the
                           amount of the Chinese Content or content in Other
                           Languages (as the case may be) being used, whether or
                           not the Chinese Content or content in Other Languages
                           (as the case may be) is the primary feature, whether
                           or not the Chinese Content or content in Other
                           Languages (as the case mat be ) is being used to
                           target recipients interested in the contents being
                           used promoted or marketed due primarily to or for
                           such Chinese Content or content in Other Languages
                           (as the case may be) shall among other things be
                           taken into account.

                           In considering whether or not Chinese Content or
                           content in Other Languages (as the case may be) is
                           ancillary to or incidental to the entire Business
                           Package and not the primary part or objective of the
                           Business Package, the number of different countries
                           (areas, venues, territories and places included), the
                           number of different languages, whether the Business
                           Package is of one agreement or several shall among
                           other things be taken into account.

                           By way of illustration only and not by way of
                           limitation, if for example CDKX or such other party
                           authorized by CDKX market, promote or use a Compact
                           Disc which contents contain Chinese art work of say a
                           picture or photograph that happens to have Chinese
                           language in the background or display in a small
                           portion of such picture or photograph then this would
                           not be deemed as primarily in the Chinese language
                           but rather incidental to the picture or photograph.
                           If, however, CDKX or such other party authorized by
                           CDKX market, promote or use the Chinese
                           language/Content which for example relates to music
                           or movies in the Chinese language and the English
                           language is used as subtitles or transliterations in
                           conjunction with the Chinese language being used then
                           this would be deemed as primary use of the Chinese
                           language and not incidental thereto.

                           By way of illustration only and not by way of
                           limitation, if for

                                      -15-
<PAGE>

                           example, in relation to a Business Package CDKX enter
                           into agreement with a third party to market promote
                           or sell a "Pokemon" CD and which agreement is for the
                           distribution of Pokemon multimedia in US, Brazil,
                           France, England and Hong Kong in different languages
                           of say French, English, Portugese, and Chinese then
                           CDKX will not be in breach of this agreement but
                           shall be authorized to use the Software and CDK
                           Technology(TM) to provide or authorize others to
                           provide such Pokemon product in the Chinese language
                           provided CDKX pay a fee equivalent to 2% of the gross
                           revenue received by CDKX (or any of its subsidiaries,
                           holding company, associates, affiliates, etc.) and
                           derived from the Pokemon product in the Chinese
                           language.

         12.2.3  Events of Default in lieu of License

                 Shall either party blatantly, willfully or unreasonably intend
                 to use or allow others to use the Software which are deemed in
                 breach of clause 12.2 (save where written consent has been
                 given per Clauses 12.2.1.3 and 12.2.2.3) or fail to cease and
                 desist, prevent or remedy its acts or others acts deemed as
                 breach (save where written consent has been given per Clauses
                 12.2.1.3 and 12.2.2.3) then the non-breaching party be entitled
                 to terminate this Agreement forthwith on giving written notice
                 to defaulting party and to recover from the defaulting party
                 the amount of all damages and loss suffered by the
                 non-breaching party resulting from such breach or default. Upon
                 termination of this Agreement the defaulting party shall pay
                 the non-breaching party (without prejudice to any other rights)
                 such amount of damages and losses as the non-defaulting party
                 has incurred or suffered as a result of termination and the
                 breach.

                 APL shall not use any other technology or software which is
                 related to or similar to the CDK Technology(TM) or the Software
                 throughout the Licence Period (save as otherwise agreed in
                 writing by CDKX).

12.3     APL shall not transfer or distribute (whether licence, loan, rental,
         sale or otherwise) all or any part of the Software or the CDK
         Technology(TM) to any other person or party without CDKX's express
         written consent in each case. APL shall however have the right to and
         be permitted to non-exclusively licence without the consent of CDKX the
         Software or any part thereof or the CDK Technology(TM) to any other
         party if such license is in relation to Chinese Contents and consistent
         with the License granted by CDKX to APL and in relation to :-

         (a)     such business or operation whereby APL is a part of such other
                 person's business, operation or activity and is in control,
                 acting jointly, has an interest, is a part of such other
                 party's business, activity or operation or has done so in

                                      -16-
<PAGE>

                 the capacity of a business partner, a sponsor or a participant
                 and such business, activity or operation with such other person
                 is in connection with or incidental to the operation of APL's
                 business; or

         (b)     its holding company, subsidiary, associates, affiliates or
                 members of its group of companies ("APL's Group of Companies").

         Provided always such other party shall not be entitled to or have the
         right to sub-licence or licence the Software and/or CDK Technology(TM)
         to any other person or party. APL shall promptly notify CDKX of each
         such sub-licence.

13.      Duration of the Licence
         -----------------------

         The Licence shall commence on the Completion Date or on Ready for Use
         Date (whichever is later) and continue until the termination of this
         Agreement, at which time the License will terminate. This Licence shall
         not be terminated by either party unless in accordance with the terms
         of this Agreement.

14.      Documentation
         -------------

         On the date specified in the Implementation Plan, CDKX shall provide to
         APL (at no additional costs of the Price) such copies of the
         Documentation in the English language and text containing sufficient
         information as mutually agreed by both parties for the proper use and
         maintenance of the System as specified in Schedule 5. All
         Documentation, and any summaries, analyses and/or syntheses, and any
         and all copies thereof, shall be returned to CDKX at the termination of
         this Agreement.

15.      Warranties
         ----------

15.1     CDKX warrants that Software will be free from defects in design,
         material, workmanship and installation during the Licence Period. CDKX
         shall maintain the Software in full working order at no additional cost
         of the Price to APL.

15.2     CDKX warrants that the Software will be of merchantable quality or will
         be fit for the purpose for which it is intended.

15.3     CDKX warrants that the Software will after acceptance by APL conform
         fully to its specification and purpose as set forth in this Agreement
         and Schedules hereto, and that the Documentation will provide adequate
         instructions to enable APL to make proper use of such facilities and
         functions.

15.4     CDKX further warrants that the Software will conform fully to the
         standards, reliability and performance as set forth in this Agreement
         and the Schedules hereto.

15.5     If CDKX receives written notice from APL of any breach of the said
         warranties then

                                      -17-
<PAGE>

         CDKX shall, without prejudice to any other rights or remedies APL may
         have, at its own costs and expenses and as soon as possible after
         receiving such notice, repair or, at its option, replace the Software
         or such parts of it as are defective or otherwise remedy such defect.

16.      Other Matters giving cause for Damages and/or Termination
         ---------------------------------------------------------

16.1     In the event that CDKX's parent or holding company CDKNet.Com, Inc., a
         company incorporated in the state of Delaware, the United States of
         America and whose registered office is situate at 595 Stewart Avenue,
         Suite 710, Garden City, New York, New York 11530 ("CDKX Parent") :-

         (a)     fail to or not have the Shares (i) registered with the SEC
                 pursuant to Section 12(g) of the Exchange Act and (ii) eligible
                 for trading on the National Association of Securities Dealers
                 Over-the-Counter Bulletin Board ("OTCBB") or any nationally
                 recognized stock exchange or electronic trading system (a
                 "National Exchange") on or before 28 February 2000 for whatever
                 reasons; or

         (b)     (in respect of the Shares) fail to maintain a listed company
                 status or otherwise become ineligible for trading on the OTCBB
                 or on any other National Exchange on or prior to 1 July 2000,
                 save and except in the following circumstances :-

                 (i)   the Shares cease to be so listed due to CDK ceasing to
                       have a class of equity securities registered under the
                       Exchange Act 1934 ; and

                 (ii)  the termination of such listing was as a result of a
                       voluntary act or decision of CDK and its shareholders and
                       whereby such voluntary act or decision leads to a general
                       offer being made to all shareholders of CDK for all the
                       Shares being held by such shareholders; or

         (c)     on or before 1 July 2000 :-

                 (i)   be subject to any proceedings relating to bankruptcy,
                       winding up or insolvency in any courts of competent
                       jurisdiction; or

                 (ii)  shall cease, or shall threaten to cease, to carry on its
                       business; or

                 (iii) APL shall terminate the Subscription Agreement (in
                       accordance with the terms therein) as mentioned in Clause
                       16.2 below.

                 (Sub-Clauses 16.1 (a), (b) and (c) are collectively hereinafter
                 called "Events of Default")

                                      -18-
<PAGE>

         APL shall have the following rights and option to EITHER :-

         (A)     terminate this Agreement forthwith on giving written notice to
                 CDKX and to recover from CDKX the amount of all damages and
                 loss suffered by APL as a result of the Events of Default by
                 CDKX. Upon such termination (if applicable) shall also be
                 entitled to by notice in writing to CDKX Parent within a period
                 of [twenty-eight (28)] days upon APL becoming aware of the
                 happening of any of such events (whichever is later) to
                 terminate the Subscription Agreement hereinafter mentioned in
                 Clause 16.2 below between APL and the CDKX Parent;

                  OR

         (B)     elect to treat this Agreement as continuing and continue to
                 retain and use the Hardware, the Other Software and Software
                 and CDK Technology(TM) of the System so long as this Agreement
                 is in existence or is continued. Shall APL elect to treat this
                 Agreement as continuing APL shall (if applicable) also be
                 entitled to (at its discretion) to by notice in writing to CDKX
                 Parent within a period of [twenty-eight (28)] days upon APL
                 becoming aware of the happening of any of such events
                 (whichever is later) to terminate the Subscription Agreement
                 hereinafter mentioned in Clause 16.2 below between APL and the
                 CDKX Parent.

16.2     Whereas APL and CDK Parent have agreed to enter into a Subscription
         Agreement for the subscription by APL of 1,800,000 common shares of CDK
         Parent's Shares s ("the Subscription Shares") upon the following terms
         (but not limited to such other terms as may be agreed by both parties)
         :-

         (a)     Upon the signing by APL and CDK Parent of the Subscription
                 Agreement, APL shall pay to CDK Parent US$100,000.00 for the
                 issue and allotment by CDK Parent of 200,000 common shares of
                 CDK Parent's Shares to APL;

         (b)     On or before 30 December 1999, APL shall pay to CDK Parent
                 US$150,000.00 for the issue and allotment of 300,000 common
                 shares of CDK Parent's Shares to APL;

         (c)     On or before 28 January 2000 APL shall pay to CDK Parent
                 US$150,000.00 for the issue and allotment by CDK Parent of
                 300,000 common shares of CDK Parent's Shares to APL;

         (d)     On or before 29 January 2000 APL shall pay to CDK Parent
                 US$150,000.00 for the issue and allotment by CDK Parent of
                 300,000 common shares of CDK Parent's Shares to APL;

         (e)     On or before 30 March 2000 APL shall pay to CDK Parent
                 US$150,000.00 for the issue and allotment by CDK Parent of
                 300,000 common shares of CDK Parent's Shares to APL;

                                      -19-
<PAGE>

         (f)     On or before 28 April 2000 APL shall pay to CDK Parent
                 US$150,000.00 for the issue and allotment by CDK Parent of
                 300,000 common shares of CDK Parent's Shares to APL;

         (g)     On or before 30 May 2000 APL shall pay to CDK Parent
                 US$50,000.00 for the issue and allotment by CDK Parent of
                 100,000 common shares of CDKX Parent's Shares to APL;

         In the event that APL shall either (i) fail to make any of the payments
         described in this Clause 16.2 above on their respective due dates or
         (ii) CDKX Parent shall terminate the Subscription Agreement (in
         accordance with the terms therein) on or before 1 July 2000 or (iii)
         CDKX shall terminate this Agreement in accordance with the terms of
         this Agreement , then (without prejudice to any other rights and
         remedies of CDKX) :-

         (a)     CDKX shall have the right to forthwith terminate this
                 Agreement; and/or

         (b)     (if applicable) CDKX shall be entitled by notice in writing to
                 APL within a period of [twenty-eight (28)] days upon CDKX
                 becoming aware of the happening of any of such events
                 (whichever is later) (for and on behalf of the CDKX Parent) to
                 terminate the said Subscription Agreement between the CDKX
                 Parent and APL.

17.      Terms of Payment
         ----------------

17.1     The costs and expenses in relation to the provision of the Maintenance
         Services, supply of and installation of the Other Software, Software
         and the Hardware, Training, Documentation, Upgrade and Enhancement and
         other provisions within the scope of this Agreement (save as to the
         Licence Fee) shall be :-

         (a)     US$100,000.00 payable by APL to CDKX on the 30th day of May
                 2000 provided the System is Ready for Use by the Ready for Use
                 Date and provided further that this Agreement is not terminated
                 by APL in the meantime; and

         (b.1)   APL shall issue and allot to CDKX the Consideration Shares and
                 credited as fully paid and on the terms that they rank pari
                 passu in all respects with the other shares of APL in issue as
                 at the date of allotment.

                 Share Completion shall take place on the Completion Date or on
                 the Ready for Use Date (whichever is later). Shall this
                 Agreement be terminated due to the System not being Ready for
                 Use as per Clause 10 then no Consideration Shares shall be
                 allotted and issued by APL to CDKX mentioned herein this
                 Clause.

                                      -20-
<PAGE>

                  At the Share Completion APL shall procure that :-

                 (i)   APL shall allot and issue credited as fully paid the
                       Consideration Shares to CDKX in the register of member of
                       APL as registered holder of the Consideration Shares; and

                 (ii)  APL shall issue and deliver to CDKX appropriate share
                       certificates for the Consideration Shares duly executed
                       by APL.

         (b.2)    Subject to Clause 17.1 (b.3), APL hereby agrees and undertakes
                  with CDKX that it will not for a period of one (1) year after
                  the Share Completion or before the shares in any members of
                  APL's Group of Companies shall become listed on any recognized
                  stock exchange (whichever is earlier) ("the Restricted
                  Period") :-

                 (i)   allot and issue any shares in APL; or

                 (ii)  issue securities or any instrument convertible into
                       shares or debentures, or share warrants or options in
                       respect of shares in APL;

                  at a price less than the Consideration Share Price to any
                  other persons without the prior consent in writing of CDKX
                  Provided that the restrictions herein contained shall not
                  apply to :-

                 (i)   the issue and allotment of approximately [10,000] common
                       shares of par value US$0.01 of APL by APL to Fairyoung
                       Holdings Limited or any of its subsidiaries and which
                       number of shares were contemplated in calculating the
                       percentage of Consideration Shares to CDKX; or

                 (ii)  the issue and allotment of shares in any party hereto
                       pursuant to the exercise of any rights under the share
                       option plan in force from time to time for the benefits
                       of the executives and employees of APL.

         (b.3)   Notwithstanding the restrictions contained in Clause 17.1
                 (b.2), APL shall be entitled to do any of the matters
                 restricted pursuant to Clause 17.1 (b.2) without the prior
                 consent in writing of CDKX during the Restricted Period
                 Provided that it shall simultaneously upon the happening of
                 such event issue and allot such number of additional shares in
                 itself (excluding fraction of a share if any) to CDKX as shall
                 be necessary to ensure that no dilution shall take place in
                 relation to the share ownership and in the value of its shares
                 held by CDKX contemplated by this Agreement by reason of its
                 doing such matters but not otherwise.

17.2     The consideration and fees in respect of the Licence payable by APL to
         CDKX in respect of the Software shall be a sum equivalent to 2% of the
         gross revenue of APL

                                      -21-
<PAGE>

         and APL's Group of Companies (whether or not such revenue is directly
         or indirectly related to the CDK Technology(TM)) and which said sum
         shall be paid bi-annually within 15 days after the end of each 6
         calendar months beginning with the 6 calendar months ending 31 December
         1999. Such bi-annual payments will be based on the estimated gross
         revenue, which estimate will be made by APL in good faith and which
         shall be reconciled annually within 45 days of the end of each of APL's
         relevant financial or accounting year which is [31 March] by a
         reputable auditor or accounting firms. Such reconciliation shall be in
         writing and delivered to CDKX. In the event the estimated payments are
         less or more than the reconciled financial statements/accounts of APL
         then the relevant party shall pay the difference between the estimated
         payments made and the reconciled amount that was due, which payment
         along together with interest calculated 8% per annum of any under
         payment (if any) (i.e. 8% per annum on the aggregate difference between
         the estimated payments made and the reconciled amount due and which
         have been under paid to CDKX). The amount of the difference shall be
         delivered with the reconciliation or within 7 days thereafter.

17.3     It is expressly agreed that (save as provided in this Clause 17.3)
         where any installation, training or maintenance is to be provided by
         CDKX within this Agreement APL shall be responsible for CDKX's
         accommodation and food costs and expenses incurred (but not otherwise)
         due to CDKX's staff, employee, agent or contractor travel to the
         Location during such period of installations, maintenance or training.
         APL shall arrange for and provide reasonably acceptable accommodations
         and will promptly reimburse CDKX for such food and accommodation costs
         and expenses incurred by CDKX but not otherwise and provided such
         accommodation, food and costs are reasonable and reasonably and
         normally expected of such person in such capacity to conduct the
         Training, Installation and Maintenance Services and in any event the
         total cost or expense per installation, training or maintenance (as the
         case may be) do not exceed [US$3,500.00] per person, per week and such
         persons do not exceed two per given period or time of training,
         maintenance or installation (as the case may be).

18.      Training
         --------

18.1     Upon request of APL, CDKX shall provide the staff of APL with the
         training as specified in the Training Plan set out in Schedule 4, if
         any, provided therein.

18.2     Any additional training required by APL shall be provided by the CDKX
         if requested by APL. Such additional training and support (including
         that of Section 18.3) shall be by way of telecommunication or other
         suitable media of communication with APL and not at the Location of APL
         and at a time reasonably convenient to both parties.

18.3     Upon the request of APL, CDKX agrees to provide all necessary training,
         the Other Software and Software, and technical support in order to
         assist APL to support its own websites, hardware and software
         applications which are related to CDK enabled products and websites.
         CDKX hereby agrees to make available within a reasonable time after
         request by APL such training staff, hardware and software from time to
         time.

                                      -22-
<PAGE>

19.      Maintenance Services
         --------------------

         CDKX shall, during the continuance of this Agreement, provide training
         (if possible and within CDKX's ability to) on an ongoing basis to APL
         to assist APL to (i) conduct such maintenance services and (ii) to
         procure such other relevant parties to carry out such maintenance
         services (as applicable) as necessary to maintain the System (except
         the Hardware) in its full and proper working order and (iii) to remedy
         any defaults, breakdown, or System (except the Hardware) failure within
         a reasonable time, all as set forth in Clause 21 below.

20.      Maintenance of the Hardware
         ---------------------------

20.1     Within the period of eight (8) months specified in Clause 6.3 of this
         Agreement and provided APL have not purchased or returned the relevant
         One Set Unit or Hardware, CDKX shall provide the following :-

         Where any of the Hardware is under warranty, guarantee or service
         agreement by a third party to CDKX or CDKX is able to benefit in any
         way or manner from such Hardware warranty, guarantee or service
         agreement (as the case may be) then CDKX shall use reasonable
         commercial efforts to procure the relevant party to perform such
         relevant preventative maintenance or remedial maintenance which such
         party is obligated to perform in respect of the Hardware (at no
         additional costs, expenses or charges to APL), provided however that
         CDKX shall not be obligated to incur any costs in connection therewith.

         Where the Hardware is under no such warranty, guarantee or service
         agreement as above or APL have in the meantime returned or purchased
         the One Set Unit or Hardware then CDKX shall provide training (if
         possible and can be done by CDKX) to APL within the eight (8) months
         period described in Clause 6.3 of this Agreement as to how to conduct
         and perform remedial or preventative maintenance of the Hardware at no
         unreasonable costs, expenses or charges to APL. Training shall be given
         by CDKX and at a such appropriate times and reasonable manner and at
         the request of APL. The training shall be carried out at the Location
         during the period of installation of the Hardware and afterwards if
         possible or through some appropriate form or media of communication
         with APL ("Training").

20.2     Where applicable APL shall make the Hardware at the Location accessible
         to such person CDKX is able and under obligation to procure for
         maintenance at regular intervals or at scheduled times to be mutually
         agreed between APL and CDKX.

20.3     Unless otherwise provided for in any of the Hardware's warranty,
         guarantee or service agreement (if any) APL shall at its own expense
         provide all necessary replacement parts to effect all maintenance
         services including the consumable parts for the Hardware.

                                      -23-
<PAGE>

20.4     In the event that CDKX or such relevant person obligated under
         warranty, guarantee or service agreement of the relevant Hardware
         removes any part or parts of the Hardware away from the Location for
         overhaul or repair, unless otherwise agreed by both parties APL shall
         bear all the costs, including but not limited to packing, carriage and
         insurance incurred in the dismantling, removal, overhaul, repair,
         return and re-installation of the said part or parts.

20.5     Parts removed shall become the property of CDKX provided always that
         APL shall be entitled to retain any part which is to be replaced if
         CDKX is unable to erase all the data stored in any form in such parts
         of the Hardware. CDKX shall, before removal of any such part, certify
         to APL in writing that all information stored in such part has been
         completely erased and shall be liable for any loss or damage caused by
         the possession or use of any information remaining in any part of the
         Hardware so removed.

20.6     Any of the Hardware not under a warranty, guarantee or service
         agreement and which do not cover repair, parts, overhaul, etc. (as the
         case may be) and which require repair, replacement, overhaul, etc. the
         cost of such repair, part, replacement, etc. shall be borne by APL.

21.      Maintenance of the Software
         ---------------------------

21.1     CDKX shall provide the following maintenance services in respect of the
         Software on the terms and conditions as set out hereunder.

21.2     Error Correction

         21.2.1  Upon receipt of notification from APL that there is any defect
                 or error in the Software that affect the operation of the
                 System, CDKX shall correct such defect or error as soon as
                 reasonably practicable at its own expenses.

         21.2.2  Forthwith upon such correction being completed CDKX shall
                 deliver to APL appropriate amendments to the Documentation
                 specifying the nature of the correction and providing
                 instructions for the proper use of the corrected version of the
                 Software.

21.3     Upgrades and Enhancements

         21.3.1  CDKX shall deliver to APL any improved version of the Software
                 when and as they become available.

         21.3.2  In reasonable time prior to the delivery of a new release CDKX
                 shall make available to APL all amendments to the Software's
                 specification which shall be necessary to describe the
                 facilities and functions of the new release.

                                      -24-
<PAGE>

         21.3.3  Notwithstanding anything else contained herein, APL shall not
                 be obliged to accept or use the new release if its use would
                 result in any of the facilities and functions of the System
                 being diminished or curtailed or if its use would unduly
                 interrupt the use of the Software in which event CDKX shall
                 continue to perform its obligations in respect of the Software.
                 CDKX's obligations under this Agreement with regard to the
                 Software shall also apply to any such new version or
                 replacement thereof.

         21.3.4  It is an essential term of this Agreement that CDKX shall (and
                 CDKX hereby agrees to) make modifications, enhancements
                 upgrades or further development from time to time of and on the
                 Software at the request in writing by APL (which request must
                 not be unreasonable and be within the scope of current and
                 available technology and software on the market and relate to
                 CDKX's development plan). CDKX undertakes to make complete,
                 available and install the same on the Hardware such upgrade,
                 modification, enhancement and development to the Software upon
                 such reasonable request by APL within a reasonable time and as
                 soon as possible.

21.4     CDKX shall provide and perform the Software support services in a
         reasonable and timely manner.

21.5     CDKX undertakes to perform its obligations with respect to the
         maintenance of the Software or any new version or replacement thereof
         in accordance with the terms of this Agreement for as long as its
         obligations under this Agreement to maintain the Software remain in
         existence.

22.      Title to and Risk in the System
         -------------------------------

22.1     All copyright or other proprietary rights in the Software and Other
         Software and material and Hardware hired from CDKX pursuant to the
         provisions of this Agreement (except those otherwise specified and
         except for the relevant Hardware purchased by APL) shall vest in and
         remain the property of CDKX notwithstanding that APL has acquired the
         right of use of them by this Agreement. All software and hardware
         purchased and owned by APL and Data (save such Data that was collected
         on or through the "Com Module" or messaging system of CDKX) collected
         or used, from, in or by the System pursuant to the provisions of this
         Agreement shall vest in and remain the property of the APL.

22.2     APL shall be liable for the Hardware which are hired by APL from CDKX,
         except to the extent of fair wear and tear in the ordinary course of
         its use.

22.3     APL shall be liable for damages to the Hardware which are hired by APL
         from CDKX save for damages as a result of the Hardware itself which was
         defective or the Hardware's design, workmanship, material,
         installation, configuration or manufacture

                                      -25-
<PAGE>

         or caused by or as a result of CDKX's act (whether intentionally or not
         or whether by CDKX's agent, employee, authorized person or contractor).

23.      Proprietary Rights
         ------------------

         The copyright and other intellectual property rights of whatever nature
         in the Software (save as provided in this Agreement) are and shall
         remain the property of the CDKX and CDKX reserves the right to grant a
         licence to use the Software (save as provided in Clause 12 of this
         Agreement) to any other party or parties.

24.      Copying
         -------

         APL may make so many copies of the Software as are reasonably necessary
         for the operational, security and use of the System and for its
         reasonable course of business, all of which copies shall be returned to
         CDKX upon the termination of the Licence. APL will notify CDKX in
         writing of each such copy.

25.      Confidentiality
         ---------------

25.1     APL's Confidential Information

         Each party shall treat as confidential all information (hereinafter
         referred to as ("the Information")) supplied by one party to the other
         under this Agreement which is designated as confidential by such party
         or which is by its nature clearly confidential (including without
         limitation the Documentation) provided that this Clause shall not
         extend to any information which was rightfully in the possession of the
         relevant party prior to the commencement of the negotiations leading to
         this Agreement or which is already public knowledge or becomes so at a
         future date (otherwise than as a result of a breach of this Clause).
         Neither party shall divulge any confidential information to any person
         except to its own employees and then only to those employees who need
         to know the same. Both parties shall ensure that its employees are
         aware of and comply with the provisions of this Clause. The foregoing
         obligations shall survive any termination of the Licence or this
         Agreement.

25.2     Confidentiality of Software :-

         25.2.1  APL undertakes to treat as confidential (and not use or allow
                 any third party to use except as set forth in this Agreement)
                 all information (including those related to the CDK
                 Technology(TM) and the Software) contained or embodied in the
                 Software (hereinafter collectively referred to as ("the
                 Information") provided that this Clause shall not extend to any
                 information which was rightfully in the possession of APL prior
                 to the commencement of the negotiations leading to this
                 Agreement or which is already public knowledge or becomes so at
                 a future date (otherwise than as a result of a breach of this
                 Clause).

                                      -26-
<PAGE>

         25.2.2  Neither party shall without the prior written consent of the
                 other party divulge any part of the Information to any person
                 except :-

                 (a)   the person is the relevant parties own employee and then
                       only to those employees who need to know the same;

                 (b)   any government authorities and any other persons or
                       bodies having a right, duty or obligation to know the
                       business of the relevant party and then only in pursuant
                       of such right, duty or obligation; and

                 (c)   any person for the time being appointed by the relevant
                       party to maintain any Hardware on which the Software is
                       for the time being used (in accordance with the terms of
                       the Licence) and then only to the extent necessary to
                       enable such person to properly maintain such Hardware.

         25.2.3  Both parties undertake to ensure that the persons and bodies
                 mentioned in Sub-Clauses 25.2.2(a), (b) and (c) are made aware
                 prior to the disclosure of any part of the Information that the
                 same is confidential and that they owe a duty of confidence to
                 each other.

         25.2.4  The foregoing obligations as to confidentiality shall remain in
                 full force and effect notwithstanding any termination of the
                 Licence or this Agreement.

26.      Use of Data
         -----------

26.1     The Data (save as for the Data collected through the Com Module or
         messaging system of CDKX) shall remain the property of APL and CDKX
         shall not distribute the Data to any person or party without the prior
         written consent of APL.

26.2     CDKX shall not by any means distribute or alter the Data replicated
         from APL for any purpose, unless it is authorized by APL to do so for
         any reason whatsoever.

26.3     The Data must be returned (if in CDKX's possession) to APL when this
         Agreement is terminated.

27.      Independent Contractor
         ----------------------

27.1     For the purpose of the Work to be performed under the Agreement, CDKX
         is an independent contractor. CDKX is not an agent, partner or employee
         of APL and shall not hold out as such and it has no authority to bind
         APL to any other obligations.

27.2     CDKX shall have complete control of the Work and it shall efficiently
         direct and supervise the Work to the full extent of its ability and
         with its full attention.

                                      -27-
<PAGE>

28.      Assignment
         ----------

         Neither party shall assign or otherwise transfer the Agreement or any
         of its rights and obligations hereunder whether in whole or in part
         without the prior written consent of the other. Provided however either
         party may sell all or substantially all its assets or business
         (including this Agreement) without consent in which event the other
         party (i.e. non disposing party) shall have the right to terminate this
         Agreement forthwith without any damages, claims, legal proceedings, or
         action being taken or claimed by either party against each other.

29.      Indemnities
         -----------

29.1     CDKX warrants and undertakes :-

         29.1.1  that it has good and sufficient title in the Hardware and
                 Software and in every part thereof to enable it to supply the
                 System and the Maintenance Services to APL as set out in this
                 Agreement; and

         29.1.2  that where CDKX supplies a third party software to APL, it has
                 or shall have, prior to the delivery of the Software and Other
                 Software, a valid and continuing licence under which it is
                 entitled to sub-license without further payment and
                 intellectual property rights (including without limitation any
                 patent, copyright, registered design or trademark) to APL under
                 this Agreement; and

         29.1.3  that the Other Software were properly and validly licensed to
                 CDKX and that CDKX is not in breach of any licence terms of
                 such Other Software.

29.2     CDKX shall indemnify APL and keep APL fully and effectively indemnified
         against all costs, claims, demands, expenses and liabilities of
         whatsoever nature arising out of or in connection with any claim that
         the use or possession (in compliance with this Agreement) of the System
         or any part thereof infringes the intellectual property rights
         (including without limitation any patent, copyright, registered design
         or trademark) of any third party, subject to the following conditions
         :-

         29.2.1  APL shall promptly notify CDKX in writing of any allegations of
                 infringement of which it has been notified and will not make
                 any admissions without CDKX's prior written consent provided
                 such consent is not unreasonably withheld so as to cause any
                 damages, liability, prosecution, claims, etc. by any person,
                 company, business, firms, entity, authority, government or body
                 whatsoever in addition to or in conjunction with any such
                 allegations;

         29.2.2  APL, at the request and expense of CDKX, shall allow CDKX to
                 conduct

                                      -28-
<PAGE>

                 and/or settle all negotiations and litigation resulting from
                 any such claim provided APL are informed as to the terms of
                 settlement and/or litigation merits prior to any such
                 settlement negotiations and/or litigation action by CDKX and
                 provided also that APL is kept informed of all matters
                 throughout the duration and course of settlement and/or
                 litigation. Shall the terms of settlement and/or litigation
                 proceedings as proposed by CDKX affect or possibly affect APL
                 or APL's Group of Companies and/or its business in any way
                 either in conjunction with or in addition to any
                 allegations/claims/ demands/proceedings etc. against APL then
                 APL shall have the right to revoke its consent (if given) and
                 to conduct such litigation/settlement/ negotiations on its own
                 without consent from CDKX; and

         29.2.3  APL shall, at the request of CDKX, afford all reasonable
                 assistance with such negotiations or litigation, and shall be
                 reimbursed by CDKX for any expenses incurred in so doing.

29.3     If APL's use or possession of the Hardware, Other Software or Software
         or any part thereof is held by a court to constitute an infringement
         then the CDKX shall, without prejudice to any other rights or remedies
         APL may have, promptly and at its own expense :-

         29.3.1  procure (so far as is commercially viable and possible within
                 CDKX's ability) for APL the right to continue using and
                 possessing the Hardware, Other Software and Software in
                 relation to the System; or

         29.3.2  (so far as commercially viable and possible within CDKX's
                 ability) modify or replace the Hardware or Software or Other
                 Software (without detracting from its overall performance) so
                 as to avoid the infringement (in which event CDKX shall
                 compensate APL for the amount of any loss and/or damage
                 sustained or incurred by APL during such modification or
                 replacement); or

         29.3.3  if neither Sub-Clause 29.3.1 nor 29.3.2 can be accomplished,
                 remove the infringing Hardware, Other Software and/or Software
                 from APL at CDKX's own costs and expenses (and without
                 prejudice to any rights or remedies of APL against CDKX).

29.4     APL warrants and undertakes :-

         29.4.1  that it has good and sufficient title in any software,
                 hardware, material, content or data and in every part thereof
                 which is being used by APL in respect of the System and not
                 derived from CDKX;

         29.4.2  where APL installs, stores, or uses a third party software,
                 data, content or material, it has or shall have prior to such
                 installation, storage, or usage a valid and continuing licence
                 under which it is entitled to install, use or store

                                      -29-
<PAGE>

                 and has all such intellectual property rights (including
                 without limitation patent, copyright, registered, design or
                 trademark).

29.5     Any and such indemnities, rights, or actions which APL have under
         Clauses 29.2 and 29.3 in respect of an undertaking or breach of
         warranty by CDKX in Clause 29.1 then the same such indemnities, rights
         and actions shall be afforded and given to CDKX by APL in respect of
         any such undertaking or breach of warranty by APL in Clause 29.4 and
         which may affect CDKX.

30.      Publicity
         ---------

         Both parties shall submit to each other all advertising or other
         publicity material relating to this Agreement or any hardware or
         software supplied or other work done in connection with this Agreement
         wherein the name of either of the respective parties is mentioned or
         language used from which a connection with each other can reasonably be
         inferred or implied. Both parties shall have the right to publish or
         use any such reasonable advertising or other reasonable publicity
         material without the prior written consent either party provided such
         advertising or publicity material does not and is not capable of
         damaging either parties reputation or business.

31.      Sub-contracts
         -------------

31.1     CDKX may, without the prior written consent of APL, enter into any
         sub-contract with any person for the performance of any part of this
         Agreement provided that this provision shall not apply to the purchase
         by CDKX of equipment and materials.

31.2     Neither parties shall be relieved from any of its obligations hereunder
         by entering into any sub-contract for the performance of any part of
         this Agreement.

32.      Termination of the Agreement
         ----------------------------

         This Agreement may be terminated under the following circumstances :-

32.1     This Agreement may be terminated forthwith by either on giving notice
         in writing to the other party if the other party, being a company,
         shall have a receiver or liquidator appointed or shall pass a
         resolution for winding-up (otherwise than for the purpose of
         amalgamation or reconstruction) or a court shall make an order to that
         effect or being a partnership shall be dissolved or being an individual
         shall commit any act of bankruptcy or shall die or either party
         (whether a company or not) shall enter into any composition or
         arrangement with its creditors or shall become insolvent.

32.2     Any termination of this Agreement under Sub-Clause 32.1 shall discharge
         the parties from any liability for further performance of this
         Agreement and shall entitle such notifying party to recover from the
         other party the amount of any loss or damage sustained or incurred by
         the notifying part as a consequence of such termination.

                                      -30-
<PAGE>

32.3     Subject to any other express provisions of this Agreement, either party
         shall have the right to terminate this Agreement if the other party
         commits any fundamental breach of any material term of this Agreement
         and (in the case of a breach capable of being remedied) shall have
         failed, within 30 days (save in the circumstances where APL is under an
         obligation to pay money to CDKX then such period shall be within 7
         days) after the receipt of a request in writing from the innocent party
         so to do, to remedy the breach, such request to contain a warning of
         the innocent party's intention to terminate.

33.      Effect of Termination
         ---------------------

33.1     Any termination of this Agreement (however occasioned) shall not affect
         any accrued rights or liabilities of either party nor shall it affect
         the coming into force or the continuance in force of any provision
         hereof which is expressly or by implication intended to come into or
         continue in force on or after such termination. Any termination of this
         Agreement (however occasioned) shall terminate the Licence.

33.2     Upon termination of this Agreement, (howsoever occasioned) CDKX shall
         forthwith deliver up to APL all copies of any information and Data
         supplied to CDKX by APL for the purposes of this Agreement and shall
         certify to the APL that no copies of such information or data have been
         retained. The Hardware not purchased and paid for by APL shall be
         returned to CDKX (fair wear and tear save and except) at APL's own
         costs and expenses along with any Documentation.

33.3     Upon termination of this Agreement (howsoever occasioned) APL shall
         forthwith deliver to CDKX all copies of any of the Documents Software
         and Other Software (including those of the CDK Technology(TM)) and any
         copies or reproductions thereof (whether in writing or in any format or
         medium whatsoever and whether in whole or part), and if requested by
         CDKX, shall destroy the same and certify to CDKX such destruction.
         Further, APL shall not use, and is prohibited from any further use of
         the Documentation, Software, Other Software or CDK Technology(TM)
         thereafter. Furthermore, APL shall certify to CDKX that it has no
         copies of such Software or information related thereto or information
         related thereto and APL shall certify that it has no copies of such
         Software or information related thereto.

34.      Severability
         ------------

         In the event that any condition or clause of the contract not being of
         a fundamental nature is held to be illegal or unenforceable, the
         validity or enforceability of the remainder of this Agreement shall not
         be affected thereby.

35.      Other Terms, Matters, and Conditions to be Fulfillied
         -----------------------------------------------------

35.1     It is hereby expressly agreed by CDKX that APL shall be granted a
         licence and shall have the right to use CDKX's proprietary right
         including all the intellectual property

                                      -31-
<PAGE>

         rights in the following trademarks and designs :-

         (a)     "MixFactory(TM)";
         (b)     the "MixFactory(TM)" device;
         (c)     "CDKnet(TM)"; and
         (d)     the "CDKnet(TM)" device

         (collectively referred to as "CDK's Trademarks")

         Provided always that the use of the above trademarks and designs by APL
         only to be placed, copied, used or reproduced on CDs, brochures,
         business cards or business advertisement or signboards, websites,
         coverings and any other advertising, promotional or product material of
         APL which is in relation to or connected to the CDK Technology(TM) in
         conjunction with APL's business, APL's Group of Companies or
         proprietary trademarks and designs thereon and provided further APL
         shall pay a licence fee of US$10.00 per annum to CDKX payable on the
         31st December of each calendar year until the termination of this
         Agreement.

         The licence and right to use the trademarks or designs described above
         by APL shall commence on the date of the signing of this Agreement by
         both parties and continue until the termination of this Agreement, at
         which time such trademark licence shall terminate. The licence of CDK's
         Trademarks shall not be terminated by either party unless in accordance
         with the terms of this Agreement.

         Upon the termination of this Agreement shall APL have any product,
         merchandize, goods or material which contain any of CDK's Trademarks
         and which is still in APL's possession, then APL shall have a period of
         two (2) months from the date of termination to dispose of, sell or
         transfer such merchandize, products, goods or material to any person or
         party, whether or not for monetary gain or consideration and thereafter
         APL shall cease and desist from using any of CDK's Trademarks or sell,
         dispose, transfer or handle any goods, materials, products or
         merchandize with CDK's Trademarks.

35.2     It is expressly agreed that CDKX shall use its best commercially
         reasonable efforts to provide, procure, grant, allow and permit (as the
         case may be) the following rights, products and facilities to APL
         throughout the duration of this Agreement if requested by APL to :-

         (a)     procure or provide (as the case may be) hosting of a North
                 American mirror website to and for APL's System at suitable
                 site in the United States of America (the equipment for which
                 site will be purchased and maintained by APL); and

         (b)     allow APL to share the use of the existing "Real Player" video
                 streaming licence as CDKX may have or has licenced for its own
                 use; and

                                      -32-
<PAGE>

         (c)     procure or provide (as the case may be) free usage and
                 accommodation of one office room or premises at such location
                 in the United States of America where CDKX shall maintain or
                 have an office for APL's employee or staff; and

         (d)     provide (at cost) usage and equipment of a "CDK robot system"
                 at the said premises described in Sub-Clause (c) above.

         It is hereby agreed by CDKX that it shall procure, allow and make
         available all of the above rights, products, facilities and software to
         APL within 30 days from the date of execution of this Agreement by both
         parties or by the Ready for Use Date (whichever is later). It is
         further agreed that shall the cost and expenses to CDKX in procuring or
         providing items (a), (b), (c) and/or (d) above exceed US$2,000.00 then
         APL shall bear any and such of the excess amount above US$2,000.00.

35.3     It is also agreed that such of the rights APL shall have in Clause 35.2
         to be procured or provided by CDKX, CDKX shall have the same rights
         procured or provided by APL to CDKX save that the premises or location
         shall be in Hong Kong where APL maintains an office or premises.

36.      Duration of the Contract
         ------------------------

         This Agreement shall commence from the date of this Agreement and
         continue for an initial period of 5 years and after that for a further
         period of 5 years unless terminated by either party or giving not less
         than 3 months' prior written notice before the expiration of the
         initial 5 year period (and which notice shall not be served more than 6
         months prior to the expiry of the initial period) or unless terminated
         in accordance with the provisions of this Agreement.

37.      Hire Equipment
         --------------

37.1     Risk in any hired equipment supplied by CDKX shall remain with APL
         until returned to CDKX.

37.2     Upon the expiry of eight months after the Completion Date or earlier
         termination of this Agreement, and unless APL have exercised its option
         to lease or purchased the One Set Unit or the Hardware, APL shall
         deliver the hired equipment not purchased or lease to CDKX as described
         in Clause 6.3 of this Agreement.

37.3     CDKX shall accept hired equipment returned by APL in reasonable
         condition with fair wear and tear expected without further payment
         being required. CDKX shall provide an acknowledgement to APL of receipt
         of hired equipment in accepted condition upon delivery and testing.

37.4     APL shall properly and sufficiently take out proper insurance for the
         Hardware against any foreseeable damages or loss thereto save for such
         events under Clause 42 and

                                      -33-
<PAGE>

         whereby such insured amount is adequate to cover the value of the
         Hardware of not less than US$94,400.00 per One Set Unit unless APL has
         purchased the relevant Hardware in the meantime.

38.      Entire Agreement
         ----------------

         This Agreement supersedes all prior agreements, arrangements and
         undertakings between the parties and constitutes the entire agreement
         between the parties relating to the subject matter hereof. No addition
         to or modification of any provision of this Agreement shall be binding
         upon the parties unless made by a written instrument signed by a duly
         authorized representative of each of the parties.

39.      Law and Jurisdiction
         --------------------

39.1     This Agreement shall be governed by and construed in all respects in
         accordance with the laws of the state of New York in the United States
         of America ("New York") and the parties hereby irrevocably submit to
         the non-exclusive jurisdiction of the Courts of New York.

39.2     Each of the following parties hereby irrevocably appoints (subject to
         written notie of substitution) the person set opposite its name below
         as its agent to acknowledge and accept service of legal process on
         behalf of such party in :-

         PARTIES                                NAMES OF ADDRESSES OF AGENTS
         -------                                ----------------------------

         CDKNet, LLC                            Steven A. HOROWITZ
                                                595 Stewart Avenue,  Suite 710,
                                                Garden City, New York,
                                                United States of America 11530

         Asia Pioneer Limited                   Keith T.K. WONG
                                                Shop No.3A, Ground Floor
                                                Site 4, Whampoa Garden,
                                                Hung Hom, Kowloon,
                                                Hong Kong

40.      Service of Notice
         -----------------

40.1     Any notice required to be given under this Agreement shall be
         sufficiently given if delivered personally or forwarded by
         internationally recognized overnight couriers or sent by facsimile
         transmission to the relevant party at its address or fax number set out
         below (or such other address as the addressee has by five days prior
         written notice specified to the other parties) :-

         To CDKX                      :   595 Stewart Avenue,  Suite 710,
                                          Garden City, New York,
                                          United States of America 11530

                                      -34-
<PAGE>

         Fax Number                   :   (516) 222 2665
         Attention                    :   Steven A. HOROWITZ

         To APL                       :   Shop No.3A, Ground Floor
                                          Site 4, Whampoa Garden,
                                          Hung Hom, Kowloon,
                                          Hong Kong

         Fax Number                   :   (852) 2335 0889
         Attention                    :   Keith T.K. WONG

40.2     Any notice delivered personally shall be deemed to have been served at
         the time of delivery. Any notice sent by internationally recognized
         overnight couriers shall be deemed to have been served 3 business days
         after the time at which it was delivered to the courier, the tracking
         receipt shall be sufficient to prove such service and notices sent by
         facsimile transmission shall be deemed to have been served one business
         day after transmission.

41.      Waiver
         ------

         No forbearance, delay or indulgence by either party in enforcing the
         provisions of this Agreement shall prejudice or restrict the rights of
         that party nor shall any waiver of its rights operate as a waiver of
         any subsequent breach and no right, power or remedy herein conferred
         upon or reserved for either party is exclusive of any other right,
         power or remedy available to that party and each such right, power or
         remedy shall be cumulative.

42.      Force majeure
         -------------

         Neither party will be liable for any delay in performing or failure to
         perform any of its obligations (other than a payment obligation) under
         this Agreement due to any cause outside its reasonable control. Such
         delay or failure will not constitute a breach of this Agreement and the
         time for performance of the affected obligation will be extended by
         such period as is reasonable.

43.      Extent of Liability
         -------------------

         Notwithstanding any other terms of this Agreement, CDKX's liability to
         APL (if any) arising under or out of this Agreement (save as to the
         indemnities given under Clause 29 by CDKX) shall be limited to not more
         than US$100,000.00 in aggregate total.

44.      Provision of Other Software
         ---------------------------

         CDKX shall provide to APL the Other Software at no additional costs and
         expenses to
                                      -35-
<PAGE>

         APL. CDKX shall install the Other Software on the Hardware by the Ready
         for Use Date.

         Upon receipt of notification from APL that there is any error or defect
         in the Other Software that affect the operation of the System, CDKX
         shall use its best endeavours to procure such software manufacturer or
         provider to correct such defect or error as soon as reasonably
         practicable at its own expense and provided the Other Software is under
         such warranty, guarantee or service agreement to be maintained or
         replaced in such event of defect or error.

         CDKX shall deliver to APL any improved or enhanced version of the Other
         Software when and as they become available and which CDKX may have in
         its possession at the request of APL at no additional cost.

45.      Warranties as to APL Shares
         ---------------------------

45.1     In consideration of CDKX agreeing to enter into this Agreement APL
         warrants and represents to CDKX as at the date of this Agreement that
         :-

         45.1.1  the particulars of APL contained in Schedule 9 are true and
                 accurate in all respects;

         45.1.2  all returns particulars resolutions and other documents
                 required to be filed with the relevant authorities in the
                 Cayman Islands by APL have been duly filed and APL has complied
                 with all legal requirements in connection with its formation
                 and with all isues of its shares;

         45.1.3  following the implementation Clause 17 in relation to the
                 Consideration Shares CDKX will be the beneficial owner of
                 approximately four and eighty-nine one hundredths per cent
                 (4.89%) of the equity share capital of APL as at the date of
                 allotment of the Consideration Shares to CDKX;

         45.1.4  the Consideration Shares shall be allotted and issued credited
                 as fully paid and on terms that they will rank pari passu in
                 all respects with the [common] shares in APL in issue as at the
                 date of allotment of the Consideration Shares;

         45.1.5  since the date of incorporation of APL :-

                 (a)   each of APL and APL's Group of Companies has carried on
                       its business in the ordinary and usual course;

                 (b)   no distribution of capital or income has been declared
                       made or paid in respect of any share capital of each of
                       APL and APL's Group of Companies;

                                      -36-
<PAGE>

                 (c)   each of APL and APL's Group of Companies has not assumed
                       or incurred any liabilities or expenditure otherwise than
                       in the ordinary course of carrying on its day-to-day
                       business;

                 (d)   there has been no material adverse change in the
                       financial position of each of APL and APL's Group of
                       Companies;

         45.1.6  the assets and equipment acquired by each of the APL and APL's
                 Group of Companies since the date of incorporation of APL are
                 the property of and owned by APL and/or APL's Group of
                 Companies (as the case may be) and are not subject to any
                 debenture, mortgage, encumbrance or charge or any other third
                 party interest;

         45.1.7  all debts owed to each of APL and APL's Group of Companies will
                 be good and collectable in the ordinary course of business;

         45.1.8  (a)   all necessary licences consents permits and authorities
                       have been obtained by each of APL and APL's Group of
                       Companies to enable each of them to carry on its business
                       lawfully and effectively in the places and in the manner
                       in which such business is now carried on;

                 (b)   each of APL and APL's Group of Companies has not done or
                       omitted to do anything in contravention or breach of any
                       statute order or regulation or the like in Cayman
                       Islands, Hong Kong or elsewhere applicable to it or its
                       business and giving rise to any fine, penalty, default
                       proceedings or other liability on its part;

                 (c)   each of APL and APL's Group of Companies has conducted
                       and is conducting its business in accordance with
                       applicable laws and regulations in Cayman Islands, Hong
                       Kong or elsewhere applicable to it;

         45.1.9  there are no agreements or arrangements entered into by each of
                 APL and APL's Group of Companies otherwise than by way of
                 bargain at arm's length and all contracts are entered into in
                 the normal course of business;

         45.1.10 each of APL and APL's Group of Companies is not engaged either
                 on its own account or vicariously in any material litigation or
                 arbitration or tribunal proceedings and no litigation
                 arbitration or tribunal proceedings are pending or threatened
                 by or against each of APL and APL's Group of Companies;

         45.1.11 (a)   there are not in existence any contracts of service with
                       directors or employees of each of APL and APL's Group of
                       Companies which cannot be terminated by notice without
                       giving rise to any claim for damages or compensation
                       (other than under any relevant employment

                                      -37-
<PAGE>

                       legislation);

                 (b)   each of APL and APL's Group of Companies and their
                       respective employees are not involved in any industrial
                       dispute;

         45.1.12 (a)   each of APL and APL's Group of Companies has properly
                       made all returns and provided all other information
                       required for the purposes of taxation and none of such
                       returns is disputed by the Inland Revenue Department,
                       Hong Kong or any other authority concerned;

                 (b)   all payments by each of APL and APL's Group of Companies
                       to any person which ought to have been made under
                       deduction or withholding of tax have been so made and
                       each of APL and APL's Group of Companies has (where
                       required by law to do so) accounted to the Inland Revenue
                       Department, Hong Kong for the tax deducted or withheld.

                                      -38-
<PAGE>

                                   SCHEDULE 1
                                   ----------
                                   (Hardware)

CDKX shall provide the following minimum Hardware configuration to APL as set
out herein to make the System functional and operational :-

         Description                                  Quantity     Value (US$)
         -----------                                  --------     -----------

1.       MixFactory(TM) CD Robot Station                 2         $60,000.00
-        One (1) Main robot                [total 2]                   (each)
-        Four (4) 4X CD burners            [total 8]
-        Four (4) 12X CD readers           [total 8]
-        One (1) Rimage B&W printer        [total 2]
-        One (1) Workstation               [total 2]

2.       MixFactory(TM) Database System                  1         $18,500.00
-        One (1) main database server
-        Two (2) raid systems
-        One (1) gadzoox hub

3.       Jewel Box Insert Printing System                1         $12,900.00
-        One (1) printing workstation
-        One (1) color printer

4.       MixFactory(TM) Web System                       1          $3,000.00
-        One (1) main web server
-        One (1) basic workstation (admin.)
-        One (1) real audio server* (not including license)\

NB   -   All of the above described equipment together comprise the Hardware.

     -   One (1) MixFactory(TM) Robot Station, One (1) MixFactory(TM) Database
         System, One (1) Jewel Box Insert Printing System; and One (1)
         MixFactory(TM) Web System together comprise One Set Unit of the
         Hardware and is valued at US$94,400.00.

     -   Each individual item of the Hardware as listed above shall be known as
         "Units" with a value as set out beside such Units.

                                      -39-
<PAGE>

The Hardware shall be installed and have the minimum equipment and configuration
as per diagram below.

                                    [DIAGRAM]

                                      -40-
<PAGE>

                                   SCHEDULE 2
                                   ----------
                                    (System)

Background
----------

Whereby CDKX has developed the software and the applications necessary and known
as CDK Technology(TM) which combines CD digital audio, fullmotion, fullscreen
video and weblinking through a browser interface. And whereas the said
technology is combined with a HTML authorizing system which is currently used by
CDKX to produce custom interface pages for specific clients within a period of
time. And whereas CDKX has the proprietary techniques and rights for creating
fullmotion, fullscreen video playback from CD Rom with such relevant hardware
system requirements. The technology employed, designed and engineered by CDKX is
engineered for mass production whereby the integration of the complete file
structure of the technology used by CDKX is automated. (Audio, video and HTML
assets can be placed in the production template for processing within a
reasonably efficient and quick development turn-around time.)

Currently CDKX has a "MixFactory(TM)" which is a custom, multi-session CD
manufacturing system built upon the CDK Technology(TM). The entire system is
automated so that minimum human intervention is required for the custom
manufacturing process. In order to create a custom CD, a user visits a website
and selects a compilation of audio, video, or other content titles. Titles are
browsed and/or searched and audio/video clips are previewed through an
interface. After selecting the compilation, the user personalizes the disc by
selecting art work for the disc label, cover and HTML interface. The
MixFactory(TM) system also allows multimedia content providers to offer their
assets on a customized basis via the website.

CDKX's MixFactory(TM) operation is designed to be a complete end-to-end
e-commerce solution, including production, payment processing and fulfillment.
Once the user confirms the content selections and completes a credit card
transaction, the selected titles are queued from storage to a Compact Disc
Recordable ("CD-R") burning workstation. The customer's tracks are formatted
into a Red Book audio session along with an iso9660 session and transferred
together to the CD-R (disc). The automated workstation transfers the complete
CD-R to the CD printer where the user-selected label is printed onto the surface
of the CD-R.

In parallel with the transfer of the tracks to the CD-R, the custom packaging
materials are printed. That is, as soon as the job is queued for burning, the
printed job is also queued to the printer. Packing and shipping of the finished
product is currently the only manually operated step in the process.

APL's System and Use
--------------------

It is APL's intention (and CDKX has hereby agreed) to employ and use the CDK
Technology(TM) and CDKX's system as described above for the development,
marketing and operation of APL's websites and other businesses which shall be
similar in nature, operation and business as CDKX's MixFactory(TM) website and
business operations save that the contents shown offered

                                      -41-
<PAGE>

and displayed on APL's websites and other businesses shall be for the primary
usage, business, services, marketing and promotion to persons who are interested
in Chinese content including, but not limited to all forms of Chinese media,
literature, audio-visual content and all other materials and/or data that can be
presented electronically or digitally. CDKX shall provide, install and maintain
the Hardware and Software and grant the exclusive use of the CDK Technology(TM)
in order that APL may develop its websites and other businesses for the purposes
described above in addition to being able to support the following (but not
limited to) :-

(a)      Chinese contents (text, sounds, images or other type of data,
         information or material);

(b)      digital entertainment contents;

(c)      distribution for independent music artists and labels with links to
         APL's websites and other businesses;

(d)      support and provide the manufacturing process for the custom CDs and CD
         contents to be distributed or manufactured;

(e)      website services to be provided by APL such as trading, information
         content, , services, communication to or by the customers with APL and
         all other foreseeable website services as similar to CDKX's
         MixFactory(TM) or CDKNet websites;

(f)      support content providers' contents;

(g)      e-commerce including production, payment processing and fullment either
         by credit card or other method;

(h)      a method whereby the consumer will be able to view the information on
         the CD via his or her personal computer and link back to related Web
         pages through targeted links included on the CD;

(i)      the ability for consumers to receive high-quality, high-bandwidth
         digital assets within a quick relay time without waiting hours for the
         files to download;

                                      -42-
<PAGE>

                                   SCHEDULE 3
                                   ----------
                              (Implementation Plan)

------------------------------------------------------------------------------
  Stage  Description                                             Date
------------------------------------------------------------------------------
                                                             Not later than
------------------------------------------------------------------------------
    1    CDK 2.0 Software(c) & Training                     6 December 1999
------------------------------------------------------------------------------
    2    MixFactory(TM) Database System Delivery            6 December 1999
------------------------------------------------------------------------------
    3    Documentation Delivery                             6 December 1999
------------------------------------------------------------------------------
    4    MixFactory(TM) CD Robot Systems Delivery          15 December 1999
------------------------------------------------------------------------------
    5    MixFactory(TM) Hardware Installation & Testing     10 January 2000
------------------------------------------------------------------------------
    6    MixFactory(TM) Hardware Training                   10 January 2000
------------------------------------------------------------------------------
    7    Pilot Run Completed                                15 January 2000
------------------------------------------------------------------------------
    8    System Live Run                                   20 February 2000
------------------------------------------------------------------------------

                                      -43-
<PAGE>

                                   SCHEDULE 4
                                   ----------
                                 (Training Plan)

The following courses are provided for the staff of APL :-

Course Title                          Appx. Training Date             Duration
------------                          -------------------             --------

CDKMastering(TM) Software                2 December 1999                2 days

MixFactory(TM) software and hardware     10 January 2000                5 days
usage and maintenance

                                      -44-

<PAGE>

                                   SCHEDULE 5
                                   ----------
                                 (Documentation)

(a)      Hardware
         --------

         Description                                      No. of copies
         -----------                                      -------------

         "Not Applicable"

(b)      Software
         --------

         Description                                      No. of copies
         -----------                                      -------------

         "Not Applicable"

(c)      Other
         -----

         Description                                      No. of copies
         -----------                                      -------------

         1. System Manual                                    One (1)
         2. Operation Manual                                 One (1)
         3. Data Manual                                      One (1)
         4. User Manual                                      One (1)
         5. User Guide                                       One (1)

                                      -45-
<PAGE>

                                   SCHEDULE 6
                                   ----------
                                   (Location)

     Address:          Shop No.3A, Ground Floor,
                       Site 4, Whampoa Garden,
                       Hung Hom, Kowloon
                       Hong Kong

                                      -46-
<PAGE>

The following is a floor plan of the above premises where the Hardware is to be
delivered and installed :-

                                  [FLOOR PLAN]

                                      -47-

<PAGE>

                                   SCHEDULE 7
                                   ----------
                              (Installation Tests)

CDKX shall provide a test plan for the acceptance of Hardware, Software and
related facilities to be installed under this Agreement.

                                      -48-
<PAGE>

                                   SCHEDULE 8
                                   ----------
                                (Other Software)

Item     Ref. No.      Description            Quantity            Remarks
----     --------      -----------            --------            -------

                       RealPlayer G2

                       Windows NT Version 4.0

                                      -49-

<PAGE>

                                   SCHEDULE 9
                                   ----------

NAME                        :    ASIA PIONEER LIMITED

PLACE OF INCORPORATION      :    Cayman Islands

COMPANY NO.                 :    CR-93228

AUTHORIZED SHARE CAPITAL    :    US$50,000.00 divided into 5,000,000 [common]
                                 shares of par value US$ 0.01each

ISSUED SHARE CAPITAL        :    US$1.00 comprising of one hundred (100) common
                                 shares of par value US$0.01 as at the date of
                                 this Agreement and to be increased to
                                 US$1,000.00 comprising of 100,000 common shares
                                 of par value US$0.01 at the date of the
                                 completion of the issue and allotment of
                                 Consideration Shares to CDKX

REGISTERED OFFICE           :    Huntlaw Building, P.O. Box 2804, George Town,
                                 Grand Cayman, Cayman Islands

DIRECTORS                   :    Keith Tak Kay WONG
                                 Helen Shan Shan HUI

                                      -50-
<PAGE>

AS WITNESS the parties hereto have duly executed this Agreement the day and year
first above written in its counterpart as an Agreement.

SIGNED by                                                )
                                                         )
for and on behalf of CDKNET, LLC.                        )
in the presence of :-                                    )
                                                         )
                                                         )

SIGNED by   Keith T.K. Wong and                          )
Helen S.S. Hui                                           )
for and on behalf of ASIA PIONEER LIMITED in the         )
presence of :-                                           )
                                                         )
/s/ Keith A. Lee
    Keith A. Lee
     Solicitor
Aggarwal & Associates
   Hong Kong SAR

                                      -51-
<PAGE>

AS WITNESS the parties hereto have duly executed this Agreement the day and year
first above written in its counterpart as an Agreement.

SIGNED by STEVEN A. HOROWITZ                            )
President of Managing Member                            )
for and on behalf of CDKNET, LLC.                       ) /s/ STEVEN A. HOROWITZ
in the presence of :- Chris Hanscom-Bolton              )
                                                        )
                                                        )

SIGNED by                                               )
                                                        )
for and on behalf of ASIA PIONEER LIMITED in the        )
presence of :-                                          )
                                                        )

                                      -51-

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