Document:

EXHIBIT 10.8

                             STOCK OPTION AGREEMENT

Option agreement made on May 31, 2000 between China NetTV Holdings, Inc. a
corporation organized and existing under the laws of Nevada, with its principal
office located at Suite 830 - 789 West Pender Street, Vancouver, BC V6C 1H2,
here referred to as the corporation, and Terry Amisano, of 604 - 750 West Pender
Street, Vancouver, BC, a consultant of the corporation or one or more of its
subsidiaries, here referred to as the optionee.

RECITALS
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The corporation desires, by affording the optionee an opportunity to purchase
its common shares, as provided in this agreement, to carry out the purpose of
the stock option plan of the corporation approved by its shareholders.

In consideration of the matters described above, and of the mutual benefits and
obligations set forth in this agreement, the parties agree as follows:

                                   SECTION ONE
                                 GRANT OF OPTION

The corporation irrevocably grants to the optionee the right and option (the
option), to purchase all or any part of an aggregate of one hundred thousand
(100,000) common shares (this number being subject to adjustment ass provided in
Section Seven of this agreement) on the terms and conditions set for the in this
agreement.

                                   SECTION TWO
                                 PURCHASE PRICE

The purchase price of the common shares covered by the option shall be Two
Dollars ($2.00) per share.

                                  SECTION THREE
                                 TERM OF OPTION

The option may be exercised by the optionee up until the date of termination of
the optionee's employment or until the expiry date of the options of May 31,
2005. The corporation shall determine the date when the employment of the
optionee terminated.

                                  SECTION FOUR
                               NONTRANSFERABILITY

This option shall not be transferable, and the option may be exercised, during
the lifetime of the optionee, only by the optionee. More particularly (but
without limiting the generality of the foregoing), the option may be not be
assigned, transferred, pledged or hypothecated in any way, shall not be

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assignable by operation of law, and shall not be subject to execution,
attachment or similar process. Any attempted assignment, transfer, pledge,
hypothecation or other disposition of the option contrary to these provisions,
and the levy of any execution, attachment or similar process on the option,
shall be null and void.

                                  SECTION FIVE
                                    OPTIONEE

In consideration of the granting of the option, and regardless of whether or not
the option shall be exercised, the optionee will devote the agreed upon time,
energy and skill to the service of the corporation or one or more of its
subsidiaries.

                                   SECTION SIX
                          CHANGES IN CAPITAL STRUCTURE

If all or any portion of the option shall be exercised subsequent to any share
dividend, split-up, recapitalization, merger, consolidation, combination or
exchange of shares, separation, reorganization or liquidation occurring after
the date of this agreement, as a result of which shares of any class shall be
issued in respect of outstanding common shares, or common shares shall be
changed into the same or a different number of shares of the same or another
class or classes, the person or persons so exercising the option shall receive
the aggregate number and class of shares which, if common shares (as authorized
at the date of this agreement) had been purchased at the date of this agreement
for the same aggregate price (on the basis of the price per share set forth in
Section Two of this agreement) and had not been disposed of, such person or
persons would be holding, at the time of such exercise, as a result of such
purchase and all such share dividends, split-ups, recapitalizations, mergers,
consolidations, combinations or exchanges of shares, separations,
reorganizations or liquidations; provided, however, that no fractional share be
issued on any such exercise, and the aggregate price paid shall be appropriately
reduced on account of any fractional share not issued.

                                  SECTION SEVEN
                           METHOD OF EXERCISING OPTION

Subject to the terms and conditions of this option agreement, this option may be
exercised by written notice to the corporation, mailed or personally delivered
to the corporation at the following address: Suite 830 - 789 West Pender Street,
Vancouver, B.C. V6C 1H2. Such notice shall state the election to exercise the
option and the number of shares in respect of which it is being exercised, and
shall be signed by the person or persons so exercising the option. The notice
shall either: (a) be accompanied by payment of the full purchase price of the
shares, in which event the corporation shall deliver a certificate or
certificates representing the shares as soon as practicable after the notice
shall be received; or (b) fix a date (not less than five (5) nor more than ten
(10) business days from the date such notice is to be received by the
corporation) for the payment of the full purchase price of the shares against
delivery of a certificate or certificates representing the shares. Payment of
the purchase price shall, in either case, be made by cheque payable to the order
of the corporation.

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The certificate or certificates for the shares as to which the option shall have
been exercised shall be registered in the name of the optionee and another
person jointly, with right of survivorship, and shall be delivered as provided
above to or on the written order of the person or persons exercising the option.
All shares that shall be purchased on the exercise of the option as provided in
this agreement shall be fully paid and nonassessable.

                                  SECTION EIGHT
                     RESERVATION OF SHARES TO SATISFY OPTION

The corporation shall at all times during the term of the option reserve and
keep available such number of common shares as will be sufficient to satisfy the
requirements of this option agreement.

                                  SECTION NINE
                                   SUBSIDIARY

As used in this agreement, the term "subsidiary" shall mean any present or
future corporation that would be a "subsidiary corporation" of the corporation,
as that term is defined in Section 424 of the Internal Revenue Code of 1986.

                                   SECTION TEN
                                   SIGNATURES

For the Company:  China NetTV Holdings, Inc.     Attest:

/s/ Ernest Cheung                                /s/ Marc Hung
------------------------                         -------------------
Ernest Cheung, President                         Marc Hung, DirectorEXHIBIT 10.9

                             JOINT VENTURE CONTRACT
             BETWEEN CHENGDU QIANFENG DIGITAL AV EQUIPMENT CO. LTD.
                              AND CHINA NETTV INC.

CHAPTER 1 GENERAL PROVISIONS

In accordance with the Law of the People's Republic of China on Joint Ventures
Using Chinese and Foreign Investment and other pertinent Chinese laws and
regulations, Chengdu Qianfeng Digital AV Equipment Co. Ltd. and China NetTV Inc.
(originally a subsidiary company of Richco Investors Inc. in Canada) adhering to
the principle of equality and mutual benefit and through friendly negotiations,
agree to set up a joint venture company in Chengdu, Sichuan Province, the
People's Republic of China. The contract is worked out thereunder.

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CHAPTER 2 JOINT VENTURE PARTIES

Party A: Chengdu Qianfeng Digital AV Equipment Co., Ltd. of China
Registered in Gaoxin District, Chengdu City, Sichuan Province
and its legal address is No.2, 2nd section Fuqing Road, Chengdu, Sichuan,
the People's Republic of China.
Legal representative:
                                Name: Shiping Cheng
                                Position: Chairman
                                Nationality: the People's Republic of China

Party B: China NetTV Inc.
Registered in BVI , its parent company is listed in NASDAQ and its trading
symbol is CNHD, originally a subsidiary company of Richco Investors Inc.
And its legal address is Suite 830, 789 West Pender Street,
Vancouver, B. C. Canada V6C 1H2
Legal representative:
                                Name: Ernest K. Cheung
                                Position: President
                                Nationality: Canada

CHAPTER 3 ESTABLISHMENT OF THE JOINT VENTURE COMPANY

Article 1
The name of the Joint Venture Company is CHENG DU QIAN FENG WANG LUO DIAN SHI
YOU XIAN ZE REN GONG SI in Chinese and CHENGDU QIANFENG NETTV CO., LTD. in
English. The legal address of the JV Company is at No.2, 2nd section Fuqing
Road, Chengdu, Sichuan Province, PRC.

Article 2
In accordance with the Law of the People's Republic of China on Joint Ventures
Using Chinese and Foreign Investment and other relevant Chinese laws and
regulations, both parties of the joint venture agree to set up a Joint Venture
Company, Chengdu Qianfeng NetTV Co., Ltd. (hereinafter referred to as the Joint
Venture Company).

Article 3
All activities of the Joint Venture Company shall be governed by the laws,
decrees and pertinent rules and regulations of the People's Republic of China.

Article 4
The organization form of the Joint Venture Company is a limited liability
company. Each party to the Joint Venture Company is liable to the Joint Venture
Company within the limit of the capital subscribed by it. The profits, risks and
losses of the Joint Venture Company shall be shared by the parties in proportion
to their contributions of the registered capital.

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CHAPTER 4 THE PURPOSE, SCOPE AND SCALE OF PRODUCTION AND BUSINESS

Article 1
The purpose of the Joint Venture business is to reinforce the economic
cooperation and technical exchanges, to improve the product quality, to develop
new products, and obtain competitive position in the world market in quality and
price by adopting advanced and appropriate technology and scientific management
method, so as to maximize economic results and ensure satisfactory economic
benefits for each of investors.

Article 2
The business scope of the Joint Venture Company is to develop network technology
and information appliance products, hardware and software products of
information technology, information consultant, technique and maintenance
service, network system integration, cable digital TV head-end integration,
network connection equipment, satellite ground station equipment, cable and
wireless digital transmit equipment, network engineering design and
implementation, as well as import and export business.

CHAPTER 5 TOTAL AMOUNT OF INVESTMENT AND THE REGISTERED CAPITAL

Article 1
The total amount of investment of the Joint Venture Company is US$20.6 million
that can be changed into RMB Yuan 170.362 million (US$1 is equal to RMB Yuan
8.27).

Article 2
The total amount of the investment of both parties is US$20.6 million.
Thereinto,
Party A contributes US$10.094 million, and owns 49% of the total amount.
Party B contributes US$10.506 million, and owns 51% of the total amount.

Article 3
The registered capital of the Joint Venture Company is RMB Yuan 100 million.

Article 4
Party A contributes all its effective assets based on an appraisal as the
investment.
Party B contributes cash as the investment. The time to contribution
is as follows:
         o  Within 20 working days after approved by the government and obtained
            a business license: US$1.5 million.
         o  Within one year after signed this contract: total amount of
            US$10.506 million. According to the development of the project, the
            investment will be launched in stages:
            (1) US$1.5 million for building digital video system platform and
                demonstration system, planning to be finished in the 3rd quarter
                of 2000.
            (2) US$1.8 million for building digital broadcasting and NVOD trial
                system at Sichuan cable TV station, planning to be started in
                the 3rd quarter of 2000.
            (3) US$1.8 million for providing 10,000 STBs (Set Top Box) for
                Nanning TV station, planning to be finished in the 3rd and 4th
                quarter of 2000.
            (4) US$0.9 million for providing 5,000 STBs for Sichuan cable TV
                station, planning to be finished in the 4th quarter of 2000.
            (5) US$4.0 million for the first stage engineering of broadband
                network in Sichuan, planning to be started before the 1st
                quarter of 2001.
            (6) US$0.506 million for management, marketing and business
                promotion.

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CHAPTER 6 RESPONSIBILITIES OF EACH PARTY TO THE JOINT VENTURE

Article 1 Responsibilities of Party A:
         o  Handling of applications for approval, registration, business
            license and other matters concerning the establishment of the Joint
            Venture Company from relevant Chinese departments.
         o  Responsible for the daily production and operation management of the
            Joint Venture Company.
         o  Responsible for handling other matters entrusted by the Joint
            Venture Company.
Responsibilities of Party B:
         o  Providing the whole materials that are needed to handle the Joint
            Venture Company to Party A.
         o  Ensuring to contribute the amount of the investment that is needed
            by Party A to develop the project on time in accordance with Article
            2 Chapter 5 of this contract.
         o  Responsible for handling other matters entrusted by the Joint
            Venture Company.

CHAPTER 7 THE BOARD OF DIRECTORS

Article 1
The date of registration of the Joint Venture Company shall be the date of the
establishment of the board of directors of the Joint Venture Company.

Article 2
The board of directors is composed of 7 directors, of which 3 shall be appointed
by Party A and 4 by Party B. Party B will appoint Chairman of the board, and
Party A will appoint vice-chairman. The term of office for the directors,
chairman and vice-chairman is three years, their term of office may be renewed
if continuously appointed by the relevant party and approved by both parties.

Article 3
The chairman of the board is the legal representative of the Joint Venture
Company. Should the chairman be unable to exercise his responsibilities for some
reasons, he shall authorize the vice chairman or any other director to represent
the Joint Venture Company temporarily.

Article 4
The highest authority of the Joint Venture Company shall be its Board of
directors. The board of directors shall convene at least one meeting every year.
The meeting shall be called and presided by Chairman. The chairman may convene
an interim meeting based on a proposal made by more than one third of the total
number of directors.

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CHAPTER 8 BUSINESS MANAGEMENT OFFICE

Article 1
Party A shall be responsible for the daily management of the Joint Venture
Company. The management office will have a general manager, four deputy general
managers.

Article 2
The responsibility of the general manager is to carry out the decisions of the
board meeting, organize and conduct the daily management of the Joint Venture
Company. The deputy general manager shall assist the general manager in his
work. Several department managers may be appointed by the management office,
they shall be responsible for the work in various departments respectively,
handle the matters handed over by the general manager and the deputy general
manager and shall be responsible to them.

CHAPTER 9 PREPARATION AND CONSTRUCTION

Article 1
During the period of preparation and construction, a preparation and
construction office shall be set up under the board of directors. The
preparation and construction office shall consist of 3 persons, among whom 2
persons will be from Party A, 1 persons from Party B.

Article 2
The remuneration and the expenses of the staff of the preparation and
construction office, when endorsed by both parties, shall be covered in
establishment fee of the Joint Venture.

CHAPTER 10 TAXES, FINANCE AND AUDIT

Article 1
The Joint Venture Company shall pay taxes in accordance with the stipulations of
Chinese laws and other relative regulations.

Article 2
Staff members and workers of the Joint Venture Company shall pay individual
income tax in accordance with the stipulations of the Individual Income Tax Law
of the People's Republic of China.

Article 3
Allocations for reserving funds, expansion funds of the Joint Venture Company
and welfare funds and bonuses for staff and workers shall be set aside in
accordance with the stipulations in the Law of the People's Republic of China on
Joint Ventures Using Chinese and Foreign Investment. The annual proportion of
allocations shall be decided by the Board of directors according to the business
situations of the Joint Venture Company.

Article 4
The fiscal year of the Joint Venture Company shall be from January 1 to December
31. All vouchers, receipts, statistic statements and reports, account books,
shall be written in Chinese.

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Article 5
An auditor registered in China shall conduct financial checking and examination
of the Joint Venture Company and reports shall be submitted to the Board of
directors and the general manager. In case Party B considers it necessary to
employ a foreign auditor registered in other country to undertake annual
financial checking and examination, all the expenses thereof shall be borne by
Party B.

Article 6
In the first three months of each fiscal year, the manager shall prepare
previous year's balance sheet, profit and loss statement and proposal regarding
the disposal of profits, and submit them to the board of directors for
examination and approval.

CHAPTER 11 DURATION OF THE JOINT VENTURE AND THE DISPOSAL OF ASSETS AFTER THE
           EXPIRATION OF THE DURATION

Article 1
The duration of the Joint Venture Company is 30 years. The establishment date of
the Joint Venture Company shall be the date on which the business license of the
Joint Venture Company is issued.

Article 2
Upon the expiration of the duration or termination before the date of expiration
of the joint venture, liquidation shall be carried out according to the relevant
law. The liquidated assets shall be ascribed to Party A.

CHAPTER 12 LIABILITIES FOR BREACH OF CONTRACT

Article 1
Should Party B fails to contribute US$1.5 million on time, the breaching party B
shall pay to the party A 10% interest of the contribution monthly starting from
the first month after exceeding the time limit.

Article 2
Should Party B fails to contribute the total amount of US$10.506 million within
12 months after approved by the government and obtained a business license, this
contract will be terminated automatically and the stock proportion held by Party
B will be counted according to the actual investment amount from Party B. The
director number of both Parties will be readjusted. If Party B wants to increase
its stock proportion in the Joint Venture Company, both parties will negotiate
the matters concerned.

CHAPTER 13  APPLICABLE LAW

Article 1
The formation of this contract, its validity, interpretation, execution and
settlement of the disputes shall be governed by the related laws of the People's
Republic of China.

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CHAPTER 14 SETTLEMENT OF DISPUTES

Article 1
Any disputes arising from the execution of or in connection with the contract
shall be settled through friendly consultations between both Parties. In case no
settlement can be settled through consultations, the disputes shall be submitted
to the Foreign Economic and Trade Arbitration Commission of the China Council
for the Promotion of International Trade for arbitration. The arbitration award
is final and binding on both parties.

Article 2
During the arbitrating, the contract shall be executed continuously by both
Parties except for matters in disputes.

CHAPTER 15 CONTRACT TEXT

The articles of the contract are written in Chinese. There are ten copies, Party
A holds eight and Party B holds two. The other correlative files will prevail in
Chinese too. The authorized representatives of both parties signed the contract
on June 30, 2000 and it comes into effect instantly.

Chengdu Qianfeng Digital                             China NetTV Inc.
AV Equipment Co. Ltd

/s/ Jiufu Jiang                                      /s/  Ernest K. Cheung
----------------------                               ---------------------------
    Jiufu Jiang                                           Ernest K. Cheung

Date: June 30, 2000                                  Date: June 30, 2000

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