Document:

EXHIBIT 10(2)

                         DEFERRED COMPENSATION AGREEMENT

                                     between

                                CITY SAVINGS BANK

                                       and

                                 THOMAS SWIRSKI

                           Effective November 1, 2003

<PAGE>

                                TABLE OF CONTENTS

                                                                            Page

1.       DEFINITIONS...........................................................1

2.       VESTING...............................................................3
         2.1      Vested Percentage............................................4

3.       RETIREMENT BENEFIT....................................................4
         3.1      Retirement Benefit...........................................4
         3.2      Full Retirement Benefit......................................4
         3.3      Payment of Retirement Benefit................................4
         3.4      Effect of Employee's Death...................................4

4.       DISABILITY............................................................4
         4.1      Disability Benefit...........................................4
         4.2      Effect of Employee's Death...................................5
         4.3      Evidence of Disability.......................................5

5.       CHANGE IN CONTROL; EARLY RETIREMENT BENEFIT...........................5
         5.1      Early Retirement Benefit.....................................5
         5.2      Effect of Employee's Death...................................5

6.       DEATH BENEFIT.........................................................5
         6.1      Death Benefit................................................5
         6.2      Death Benefit Before Retirement..............................5
         6.3      Death During Early Retirement................................6
         6.4      Death During Retirement Period...............................6
         6.5      Split Dollar Insurance.......................................6
         6.6      Payroll Adjustment for Insurance Coverage....................6
         6.7      Time of Payment..............................................6
         6.8      Proof of Death...............................................6

7.       SOURCE OF BENEFITS, INVESTMENT OF CONTRIBUTIONS.......................6
         7.1      Benefits Payable from General Assets.........................6
         7.2      Trust........................................................6
         7.3      Investments to Facilitate Payment of Benefits................6

8.       ADMINISTRATION OF AGREEMENT...........................................7
         8.1      Appointment of Plan Administrator............................7
         8.2      Plan Administrator's Rules and Powers........................7
         8.3      Reliance on Certificate......................................7
         8.4      Liability of Plan Administrator..............................7
         8.5      Interpretation of Plan.......................................7

9.       CLAIMS FOR BENEFITS...................................................8
         9.1      Claims Procedures............................................8
         9.2      Review Procedure.............................................8

10.      MISCELLANEOUS.........................................................9
         10.1     Tax Withholding..............................................9
         10.2     Coverage by ERISA............................................9
         10.3     Not an Employment Contract...................................9
         10.4     Other Benefits...............................................9
         10.5     Restrictions on Alienation of Benefits......................10
         10.6     Notice......................................................10
         10.7     Change of Address...........................................10
         10.8     Entire Agreement............................................10
         10.9     Effect of Provisions........................................10
         10.10    Governing Law...............................................10
         10.11    FDIC, Other Rules...........................................10

<PAGE>

                                CITY SAVINGS BANK

                         DEFERRED COMPENSATION AGREEMENT

     This  Agreement  is entered  into  effective  as of  November  1, 2003 (the
"Effective  Date"),  by and between CITY SAVINGS BANK, a thrift chartered in the
state of Indiana  having its  principal  place of  business  in  Michigan  City,
Indiana ("Employer") and THOMAS SWIRSKI ("Employee").

                                    RECITALS

     A. Employee has been a dedicated and  productive  employee for more than 22
years,  and is President and Chief Executive  Officer of Employer.  Employee has
been substantially responsible for the growth and profitability of Employer.

     B.  Over the years of his  service  for  Employer,  Employee  has  acquired
distinctive skills and abilities and an extensive background in and knowledge of
Employer's banking business,  all of which enable Employee to perform his duties
for, and fulfill his responsibilities to, Employer in an outstanding manner.

     C.  Employer  desires to provide  Employee  with  additional  incentives to
continue his employment with Employer so that Employer will further benefit from
Employee's banking experience, skills, abilities, background and knowledge.

     D.  Employee  desires to remain  employed  by  Employer  and to receive the
deferred compensation provided in this Agreement in addition to the compensation
and benefits otherwise available to Employee.

                                    AGREEMENT

     In  consideration  of Employee's past and present services for Employer and
the covenants contained in this Agreement,  Employer and Employee mutually agree
as follows:

1. DEFINITIONS

     For purposes of this  Agreement,  the following  phrases or terms will have
the  indicated  meanings  unless  other  meaning  is clearly  apparent  from the
context:

     "Beneficiary" means the person or persons or the estate of Employee that is
designated  by  Employee  to receive  the Death  Benefit  under  this  Agreement
pursuant to a beneficiary  designation  form validly executed in accordance with
the terms of this Agreement and accepted by the Plan Administrator. In the event
that Employee dies without a surviving designated Beneficiary, the Death Benefit
will be paid to the personal representative of Employee's estate.

     "Benefit" or "Benefits" means the Death Benefit,  Disability Benefit, Early
Retirement Benefit, and/or Retirement Benefit pursuant to this Agreement.
<PAGE>

     "Cause" for termination of employment means:

          (a)  personal dishonesty,

          (b)  incompetence,

          (c)  material misconduct,

          (d)  breach of fiduciary duty involving personal profit,

          (e)  failure to perform  duties  required by his employment or failure
               to perform duties of his position,

          (f)  willful  violation of any law,  rule, or  regulation  (other than
               traffic violations or similar offenses) or final cease-and-desist
               order, or

          (g)  violation of any rule,  prescription  or  requirement  set out in
               Employer's  Personnel  Policy,  if said Personnel Policy provides
               for termination of employment.

Notwithstanding  the  foregoing,  Employee  will  not be  deemed  to  have  been
terminated  for Cause  unless and until there has been  delivered  to Employee a
copy of a resolution duly adopted by the  affirmative  vote of not less than the
entire  membership  of the Board of  Directors  of  Employer at a meeting of the
Board of Directors called and held for the purpose (after  reasonable  notice to
Employee and an opportunity for Employee, together with his counsel, to be heard
before the Board of  Directors),  finding that in the good faith  opinion of the
Board of Directors Employee was guilty of conduct  constituting Cause as defined
above and specifying the particulars for such finding in detail.

     "Change in Control".  For purposes of this Agreement, a "Change in Control"
of Employee  shall mean an  acquisition  of "control" of the Employer or of City
Savings  Financial  Corporation,  Employer's  parent  corporation  (the "Holding
Company"),  within the meaning of 12 C.F.R. ss. 574.4(a) (other than a change of
control  resulting  from a trustee or other  fiduciary  holding shares of common
stock  under an  employee  benefit  plan of the  Holding  Company  or any of its
subsidiaries).

     "Competing  Entity" means a bank or other entity providing banking services
in Employer's Primary Service Area.

     "Death Benefit" means the benefit described in Section 6 of this Agreement.

     "Disability  Benefit"  means the  Benefit  described  in  Section 4 of this
Agreement.

     "Disabled" or "Disability"  means a physical or mental condition  resulting
from bodily injury,  disease, or mental disorder that renders Employee incapable
of  continuing  his usual and  customary  employment  with Employer and which is
expected  to last at that  degree  of  severity  for at  least 12  months  or is
expected to result in death, all as determined by a licensed physician chosen by
the Employer. The Plan Administrator will have the authority to reduce the level
of  Disability  required to entitle  Employee to the  Disability  Benefit  under
Article 4 in its sole discretion, but will not be obligated to do so.
<PAGE>

     "Early Retirement Benefit" means the Benefit described in Section 5 of this
Agreement.

     "Effective Date" means November 1, 2003.

     "Employee" means Thomas Swirski.

     "Employer"  means City  Savings  Bank,  a thrift  chartered in the state of
Indiana, or its successor in interest.

     "Plan  Administrator"  means  the  Board  of  Directors  of  Employer,   as
constituted  from time to time;  provided however that the Board of Directors of
Employer may designate another Plan Administrator.

     "Primary  Service Area" means the geographic area designated by Employer as
its primary market area in its usual and customary  reports and filings with the
regulatory bodies.

     "Retirement " means termination of the employment of the Employee following
the Employee's sixty-fifth birthday.

     "Retirement  Benefit"  means the Benefit  described  in Section 3.1 of this
Agreement.

     "Vested" refers to the portion of Employee's  Benefits under this Agreement
that have been  earned and are no longer  forfeitable  if  Employee  voluntarily
terminates  his  employment  with  Employer or is  involuntarily  terminated  by
Employer without Cause.

     "Vested Percentage" has the meaning given in Section 2.1

2. VESTING

     2.1 Vested Percentage.  The portion of Employee's  Benefits that are Vested
is referred to as Employee's  "Vested  Percentage."  As of the  Effective  Date,
Employee's initial Vested Percentage is 0%. On each anniversary of the Effective
Date,  Employee  shall  become  Vested  in  his  Benefits  to the  extent  of an
additional  10%, so that at a date which is ten years  following  the  Effective
Date his Vested Percentage shall be 100%.

3. RETIREMENT BENEFIT

     3.1 Retirement  Benefit.  Upon  Employee's  termination of employment  with
Employer for any reason other than involuntary  termination for Cause,  Employee
will be entitled to a Retirement Benefit consisting of 15 annual installments in
an amount equal to the Full Retirement  Benefit (as described in Section 3.2 and
adjusted as provided in that Section) multiplied by Employee's Vested Percentage
determined as provided in Section 2, payable as provided in Section 3.3.
<PAGE>

     3.2 Full Retirement Benefit.  The Full Retirement Benefit (when Employee is
fully Vested) is 15 annual payments. The first annual payment will be 70% of the
prior 12 months W-2 income.  The second year of Full Retirement  Benefit will be
increased by a 3.0% cost of living  adjustment.  Furthermore,  subsequent annual
payments  will also be increased by a 3.0% per annum cost of living  adjustment.
Thus, for example,  if payment  commences in 2020, and Employee  earned $150,000
during the 12 months prior to retirement,  the Full  Retirement  Benefit payment
will be 105,000  for 2020;  $108,150  of for 2021,  the payment for 2022 will be
$111,395, etc.

     3.3 Payment of Retirement  Benefit.  Payment of the Retirement Benefit will
commence on the later of January 1, 2020,  or the first day of the calendar year
following  Employee's  Retirement from Employer.  The Retirement Benefit will be
payable in annual or other mutually agreed upon convenient installments.

     3.4 Effect of Employee's  Death. In the event Employee dies before retiring
from  Employer or after  retirement  and before all  installments  of Retirement
Benefit due as provided in this Section 3 have been paid, Employee's Beneficiary
will receive the Death  Benefit  described in Section 6 and will not be entitled
to receive any further installments of Retirement Benefit. In the event Employee
dies  after  receiving  all  installments  of  Retirement  Benefit,   Employee's
Beneficiary will be entitled to receive the Death Benefit outlined in Section 6.

4. DISABILITY

     4.1 Disability  Benefit.  Upon  termination of Employee's  employment  with
Employer due to Disability:

          (a)  Employee's Vested Percentage will automatically become 100%;

          (b)  Employee will be entitled to a Disability  Benefit  consisting of
               15 annual  installments.  The first installment will be an amount
               equal to 70% of the prior 12 months  W-2  income.  The second and
               each  subsequent   installment  of  Disability  Benefit  will  be
               increased  by a 3.0% per annum cost of living  adjustment  in the
               same manner as described in Section 3.2. The  Disability  Benefit
               will  be  payable  in  annual  or  other  mutually   agreed  upon
               convenient installments.

          (c)  Payment  of  Disability  Benefit  will be in  lieu of  Retirement
               Benefit or Early Retirement Benefit.

     4.2 Effect of  Employee's  Death.  In the event of  Employee's  death after
termination  by  reason  of  Disability  but  before  payment  in  full  of  all
installments  of Disability  Benefit,  Employee's  Beneficiary  will receive the
Death  Benefit   described  in  Section  6  without   reduction  for  any  prior
installments  of  Disability  Benefit  and will not be  entitled  to receive any
further installments of Disability Benefit.

     4.3 Evidence of Disability.  It will be the  responsibility  of Employee to
provide evidence of his entitlement to Disability  Benefits under this Agreement
to the Plan Administrator.
<PAGE>

5. CHANGE IN CONTROL; EARLY RETIREMENT BENEFIT

     5.1 Early Retirement Benefit. If a Change in Control of Employer occurs and
Employee's  employment is terminated  within two years of the Change in Control,
but prior to January 1, 2020, or if the Employee either resigns or is terminated
by Employer without Cause prior to January 1, 2020, but not earlier than January
1, 2011,  Employee will be entitled to an Early Retirement Benefit consisting 15
annual  installments.  The first  installment will be 70% of prior 12 months W-2
income,  as  of  the  date  of  termination.  The  second  and  each  subsequent
installment  of Early  Retirement  Benefit will be increased by a 3.0% per annum
cost of living  adjustment  in the same manner as  described in Section 3.2. The
Early Retirement Benefit will be payable in annual or other mutually agreed upon
convenient installments.  Payment of Early Retirement Benefit will be in lieu of
payment of Retirement Benefit or Disability Benefit.

     5.2 Effect of  Employee's  Death.  In the event of  Employee's  death after
termination  as  described  in  Section  5.1 but  before  payment in full of all
installments of Early Retirement  Benefit,  Employee's  Beneficiary will receive
the  Death  Benefit  described  in  Section 6  without  reduction  for any prior
installments of Early Retirement Benefit and will not be entitled to receive any
further installments of Early Retirement Benefit.

6. DEATH BENEFIT

     6.1 Death Benefit.  Upon Employee's  death at any time while this Agreement
is in effect  (including  without  limitation during the period after Employee's
retirement or other  termination of employment)  Employee's  Beneficiary will be
entitled  to a Death  Benefit  consisting  of the  greater of the Death  Benefit
provided  in  Section  6.2,  or  $500,000.  Employee's  Beneficiary  will not be
entitled to any installments of Retirement Benefits.

     6.2 Death Before Retirement. The Full Death Benefit (when Employee is fully
Vested) is an amount equal to the present value, as of the date of death, of the
Full Retirement Benefit that would have been payable commencing as of January 1,
2020, using a discount rate equal to the Federal Open Market  Committee  Federal
Funds Target Rate as in effect on the date of death.

     6.3 Employer  Payment of Death Benefit.  Employer  expressly  agrees to pay
from its own funds the Death  Benefit  described in this Section 6 to Employee's
Beneficiary  without regard to life insurance  policy(ies) being in force on the
life of the employee and being payable to the Employer.

     6.4 Time of Payment.  Employee  will pay the Death  Benefit as described in
Section  6.1 in a lump sum cash  payment to  Employee's  Beneficiary  as soon as
administratively  feasible after  Employee's death and a proof of claim has been
submitted to the insurance carrier or carriers.

     6.5 Proof of Death.  Proof of death in such  form as is  acceptable  to the
Plan Administrator must be furnished prior to distribution of Death Benefit to a
Beneficiary.  If  the  Plan  Administrator  has  any  doubt  as  to  the  proper
Beneficiary to receive payment of Death Benefit under this  Agreement,  the Plan
Administrator  will  have the right to  withhold  payment  until  the  matter is
finally  adjudicated  or to interplead the Death Benefit in a court of competent
jurisdiction. Any payment of Death Benefit made by Employer in good faith and in
accordance  with the provisions of this Agreement and of Employee's  Beneficiary
designation  will  fully  discharge  Employer  and Plan  Administrator  from all
further obligations with respect to such payment.
<PAGE>

7. SOURCE OF BENEFITS, INVESTMENT OF CONTRIBUTIONS

     7.1 Benefits Payable from General Assets. Benefits under this Agreement are
unfunded and will be paid exclusively  from the general assets of Employer,  and
no person  entitled to payment under the Agreement  will have any claim,  right,
priority,  security interest,  or other interest in any fund, trust, account, or
other asset of Employer that may be looked to for such payment.  Nothing in this
Agreement  will be  deemed  to  create  a trust  of any  kind or to  create  any
fiduciary  relationship.  The rights of Employee and any  Beneficiary to receive
any payments  from Employer  pursuant to this  Agreement are no greater than the
rights of a general unsecured creditor of Employer.

     7.2 Trust.  Notwithstanding  the  provisions of Section 7.1,  Employer will
deposit funds or other assets under the City Savings Bank Deferred  Compensation
Trust (the "Trust") for the sole purpose of paying Benefits under this Agreement
(and similar  agreements  entered into by Employer) from those assets unless the
Trust assets are required to satisfy the  obligations of Employer to its general
creditors.  The Trust must meet the  requirements  of a so-called  "rabbi trust"
under IRS Revenue Procedure 92-64, 1992-2 CB 422.

     7.3 Investments to Facilitate Payment of Benefits. Although Employer is not
obligated to invest in any specific  asset or fund or insurance  policy in order
to provide  the means for the  payment  of any  Benefits  under this  Agreement,
Employer may elect to do so. In such event,  Employee will not have any interest
whatever in such asset or fund or policy.  Employee also  understands and agrees
that his cooperation or participation,  in any manner, in the acquisition of any
insurance  policy or any other general asset by Employer for purposes of funding
this  Agreement  will  not  constitute  a   representation   to  Employee,   his
Beneficiary,  or any person  claiming  through  Employee  that any of them has a
special,  identified,  or beneficial  interest in such general  asset.  Although
Employer may earmark,  invest or segregate assets representing its commitment to
Employee under this  Agreement,  no such action will give Employee or any person
claiming  through him any claim to any such  earmarked or segregated  account or
investment  asset at any time. All such investments and accounts will remain the
general  assets of Employer.  Similarly,  no investment  earnings,  increases or
gains realized or unrealized  upon any such  earmarked or segregated  account or
investment will inure to the benefit of Employee directly or indirectly, but all
will remain the  property of  Employer.  To the extent that  Employer  funds are
actually  invested,  earmarked  and/or  segregated for the purpose of performing
Employer's obligations under this Agreement,  (1) no secured arrangement will be
deemed  to  have  been  created  because  of  such  investment,   earmarking  or
segregation,  (2) all earnings,  gains, losses and expenses  experienced on such
investments  will remain the  property  of  Employer  and will have no effect on
Employer's obligations to Employee, and (3) all such assets or funds will remain
subject to the claims of Employer's general creditors.
<PAGE>

8. ADMINISTRATION OF AGREEMENT

     8.1 Appointment of Plan Administrator.  The general  administration of this
Agreement, as well as its construction and interpretation, is vested in the Plan
Administrator.

     8.2 Plan  Administrator's  Rules and Powers.  Subject to the  provisions of
this Agreement,  the Plan  Administrator  may from time to time establish rules,
forms,   and  procedures  for  the   administration   of  this  Plan.  The  Plan
Administrator's decisions as to entitlement to Benefits, amount of Benefits, and
other  matters will be based upon  Employer  records,  the Plan  Administrator's
records, Employer, and all other relevant information, all as interpreted by the
Plan Administrator in its sole discretion. Such decisions,  actions, and records
of the Plan  Administrator  will be conclusive and binding upon Employer and all
persons having or claiming to have any right or interest in or under the Plan.

     8.3 Reliance on Certificate.  The Plan  Administrator  and the officers and
directors of Employer will be entitled to rely on all  certificates  and reports
made by any duly  appointed  accountants  and on all opinions  given by any duly
appointed legal counsel. Such legal counsel may be counsel for Employer.

     8.4 Liability of Plan  Administrator.  No members of the Plan Administrator
will  be  liable  for  any act or  omission  of any  other  member  of the  Plan
Administrator  except as required by applicable law. Employer will indemnify and
save  harmless  each  Plan  Administrator  against  any  and  all  expenses  and
liabilities arising out of his or her service as Plan  Administrator,  excepting
only expenses and liabilities  arising out of his or her own willful misconduct.
Expenses against which a Plan Administrator will be indemnified include, without
limitation,  the amount of any settlement or judgment,  costs, counsel fees, and
related charges  reasonably  incurred in connection with a claim asserted,  or a
proceeding  brought,  or settlement of such claim or  proceeding.  The foregoing
right of  indemnification  is in addition to any other  rights to which any such
person may be entitled as a matter of law or agreement.

     8.5  Interpretation of Plan. The Plan  Administrator has full discretionary
authority  to  interpret  the  Agreement;  such  interpretations  and all  other
decisions and  determinations  made by the Plan  Administrator will be final and
binding  upon all  parties.  In the event that  Employee is a member of the Plan
Administrator,  however, he may not make decisions and determinations  affecting
his own benefits.

9. CLAIMS FOR BENEFITS

     9.1 Claims Procedures.  The Plan Administrator will make all determinations
as to the right of Employee or Beneficiary to a benefit under the Agreement.  If
any person does not receive the benefit to which he or she believes he or she is
entitled  under this  Agreement,  said  person may file a claim for  benefits in
writing which must be signed by Employee, Beneficiary or legal representative of
Employee or  Beneficiary.  Claims will be granted or denied within 30 days after
receipt unless additional time is required because of special circumstances.  If
additional time is required, the claimant will be notified in writing before the
expiration  of 30 days from the  receipt of the claim.  In no event may the time
for  reaching a decision  with  respect to a claim be  extended  beyond 120 days
after receipt of the claim.
<PAGE>

     In the event that the Plan Administrator  denies a claim for benefits,  the
claimant  will be notified in writing.  Such notice will set forth the  specific
reasons for the denial,  the specific  provisions of this Agreement on which the
denial is based,  a  description  of any  additional  materials  or  information
necessary to perfect the claim along with an explanation of why such material or
information is necessary, and an explanation of the claim review procedure.

     If no action is taken by the Plan  Administrator  on a claim within 30 days
after  its  receipt,  or,  if the  period  for  considering  the  claim has been
extended, then if no action is taken within 120 days after receipt of the claim,
the claim  will be deemed to be denied  for  purposes  of the  following  review
procedure.

     9.2  Review  Procedure.  If a claim is  denied  in  whole  or in part,  the
claimant may request the Plan Administrator to review its decision. This request
must be made in  writing  within 60 days  after the claim has been  denied or is
deemed to be denied under Section 9.1 and must set forth all of the grounds upon
which the request is based, any facts in support of the request,  and any issues
or comments which the claimant  considers relevant to the review. In preparing a
request for review,  the claimant will be entitled to review any documents  that
are  pertinent  to his or her claim at the  office of  Employer  during  regular
business hours.

     The Plan  Administrator  will act upon each  request  for review as soon as
possible  but not later than 60 days after the  request  for review is  received
unless  additional  time  is  required  because  of  special  circumstances.  If
additional time is required, the Claimant will be notified in writing before the
expiration  of 60 days from receipt of the appeal.  In no event may the time for
reaching a decision upon appeal be extended beyond 120 days after receipt of the
notice of appeal.

     The Plan  Administrator will make an independent  determination  concerning
the claim for benefits  under this Agreement and will give written notice of its
decision to the claimant.  The decision of the Plan  Administrator  on any claim
review will be final.

     If the Plan Administrator  fails to deliver a decision within 60 days after
receipt of the request for review, the claim will be deemed denied on review.

10. MISCELLANEOUS

     10.1 Tax  Withholding.  Employer  will withhold all  applicable  income and
payroll taxes from any payment of Benefits under this Agreement.

     10.2 Coverage by ERISA. It is the intention of Employer that this Agreement
and the Benefits  provided under this Agreement be  administered  as an unfunded
pension  benefit plan  established and maintained for a member of a select group
of management or highly compensated  employees as described in Section 201(2) of
Employee   Retirement   Income  Security  Act  of  1974   ("ERISA").   The  Plan
Administrator will comply in all respects with the requirements imposed by ERISA
upon such plans.

     10.3 Not an Employment  Contract.  The existence of this Agreement does not
obligate  Employer to continue the  employment  of Employee with Employer or any
affiliate  of  Employer  nor does it limit the right of Employer at any time and
for any  reason  to  terminate  Employee's  employment.  In no  event  may  this
Agreement,  by its terms or implications,  constitute an employment  contract of
any nature whatsoever between Employer and Employee.
<PAGE>

     10.4 Other Benefits. The benefits provided for Employee and his Beneficiary
under this Agreement are in addition to any other benefits available to Employee
under any other program or plan of Employer for its  employees,  and,  except as
may otherwise be expressly  provided,  this Agreement  supplements  and does not
supersede,  modify,  or amend any other  program or plan of Employer.  Moreover,
benefits under this Agreement will not be considered to be compensation  for the
purpose of computing  deferrals or benefits  under any other plan  maintained by
Employer that is described in Section  401(a) or 402(b) of the Internal  Revenue
Code of 1986.

     10.5  Restrictions  on  Alienation  of  Benefits.  No  Benefit  under  this
Agreement will be subject to anticipation, alienation, sale, assignment, pledge,
encumbrance,  transfer,  or charge by Employee or any  Beneficiary  or any other
person, and any attempt to anticipate, alienate, sell, assign, pledge, encumber,
transfer,  or charge any Benefit will be void. No Benefit  under this  Agreement
will in any manner be liable for or subject to the debts,  contract liabilities,
or torts of the person entitled to such Benefit.  If Employee or any Beneficiary
under this Agreement should become bankrupt or attempt to anticipate,  alienate,
sell, assign, pledge, encumber, transfer, or charge any right to a Benefit under
this  Agreement,  then  such  Benefit  will,  in  the  discretion  of  the  Plan
Administrator,  terminate,  and, in such event, the Plan Administrator will hold
or apply the Benefit or any part for the benefit of Employee or Beneficiary, his
or her spouse, children, or other dependents, or any of them, in such manner and
in such portion as the Plan Administrator,  in its sole and absolute discretion,
may deem proper.

     10.6  Notice.  Any notice  which will or may be given under this  Agreement
must be in writing and will be mailed by United States mail, postage prepaid. If
notice is to be given to Employer, such notice will be addressed to Employer at:

                                City Savings Bank
                              2000 Franklin Street
                          Michigan City, Indiana 46360

               marked to the attention of the Plan Administrator,
                        Deferred Compensation Agreement.

     10.7  Change of  Address.  Any party  may,  from time to time,  change  the
address to which  notices  will be mailed by giving  written  notice of such new
address to the appropriate party.

     10.8 Entire  Agreement.  This Agreement  constitutes  the entire  agreement
between the parties concerning  nonqualified deferred  compensation,  and may be
amended  only by means of a written  document,  signed by the party sought to be
charged with the amendment.

     10.9 Effect of Provisions. The provisions of this Agreement will be binding
upon Employer and its successors and assigns, and upon Employee, his Beneficiary
or   Beneficiaries,   and  any   permitted   assigns,   heirs,   executors   and
administrators.
<PAGE>

     10.10  Governing Law. All questions  arising with respect to this Agreement
will be determined by reference to Employee  Retirement  Income  Security Act of
1974, to the extent applicable, and laws of the State of Indiana.

     10.11 FDIC, Other Rules. This Agreement and the rights of the parties under
this  Agreement  will be governed by and  construed in  accordance  with banking
regulations  of the state of Indiana  and of the FDIC.  In the event that one or
more of the  provisions of this agreement are for any reason held to be invalid,
illegal,  or  unenforceable  in any  respect  under  federal  or  state  banking
regulations,  to  the  extent  applicable,   such  invalidity,   illegality,  or
unenforceability will not affect any other provision of this Agreement, but this
Agreement  will be  construed  as if such  invalid,  illegal,  or  unenforceable
provision had never been contained in this Agreement.

     EXECUTED this 11th day of November, 2003.

                                 CITY SAVINGS BANK

                                 By: /s/ Richard G. Cook
                                     ---------------------------------

                                 Its:  Richard G. Cook
                                       -------------------------------

                                 EMPLOYEE

                                 /s/ Thomas Swirski
                                 -------------------------------------
                                 Thomas SwirskiExhibit 10.37

                             GENERAL FRAME AGREEMENT
                                 FOR COOPERATION

BEIJING TENGTU UNITED ELECTRONICS DEVELOPMENT COPORATION.

                      HEWLETT-PACKARD (CHINA) COMPANY LTD.

                                  NOVEMBER 2003

<PAGE>

The agreement is composed of "General Frame Agreement for Cooperation" ,
"Appendix 1: Solution List", "Appendix 2: Name List of Team Members From both
Parties", "Appendix 3: Marketing Plan" and "Appendix 4: Customer's List". All
the documents equally have legal effect. But if there is a conflict between
them, the "General Frame Agreement for Cooperation" will take precedence.

Both parties have acknowledged that this agreement is formulated out of their
own wishes, and is not a basis to guarantee the economic benefits of both
parties. Both parties have confirmed that they have already read, understood and
agreed the terms and conditions in the agreement.
<TABLE>
<CAPTION>

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

  BEIJING TENGTU UNITED ELECTRONICS DEVELOPMENT CORP.         HEWLETT-PACKARD (CHINA) COMPANY LTD.
                         LTD.
------------------------------------------------------- --------------------------------------------------
------------------------------------------------------- --------------------------------------------------
<S>                                                     <C>
Post code: 100036                                       Post code:     100022
Address:  Building 8, 44 Fucheng Road, Haidian          Address: China HP Building, 112 Jianguo Road,
District, Beijing                                       Chaoyang District, Beijing

Contact Person: Lu Yunfei                               Contact Person: Wang Xiaolin
Tel: +86 10 88114060                                    Tel:     +86 10-6564-5276
Fax: +86 10 88114583                                    Fax:     +86 10-6566-8326
E-mail: LUYUNFEI@TENGTU.COM.CN                          E-mail: XIAOLIN.WANG@HP.COM
        ----------------------                                  -------------------

------------------------------------------------------- --------------------------------------------------
------------------------------------------------------- --------------------------------------------------
Name(in print): Lin Xiaofeng                            Name( in print): Yu Zhenzhong
------------------------------------------------------- --------------------------------------------------
------------------------------------------------------- --------------------------------------------------
Tittle(in print): Vice Board Chairman,  Beijing Tengtu  Tittle(in      print):       Vice      President,
United Electronics Development Cor. Ltd                 Hewlett-Packard (China) Company Ltd.
------------------------------------------------------- --------------------------------------------------
------------------------------------------------------- --------------------------------------------------

Signed by:                                           Signed by:

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

Company seal:                                           Company seal:

------------------------------------------------------- --------------------------------------------------
------------------------------------------------------- --------------------------------------------------
Date: Nov.  2003                                        Date: Nov.  2003
------------------------------------------------------- --------------------------------------------------
</TABLE>

                                      -1-
<PAGE>

                                TABLE OF CONTENTS

1. AIM OF COOPERATION AND NATURE OF THE AGREEMENT

2. TERM OF THE AGREEMENT

3. DETAILED RULES FOR THE COOPERATION
   3.1 Area of the cooperation
   3.2. Target of the cooperation
   3.3. Mode of the cooperation

4. RESPONSIBILITIES AND OBLIGATIONS OF BOTH PARTIES
  A. Responsibilities and obligations for Party A
  B. Responsibilities and obligations for Party B
  C. To jointly establish a demonstration center for the solution
  D. Integration of the educational market channels
  D. Market promotion activities
  E. Routine inspection mechanism

5. EFFECTIVENESS OF THE AGREEMENT AND DEFAULT

6. CONFIDENTIALITY

7. MISCELLANEOUS
  7.1 Use of Advertisement and Company Name
  7.2 Non-enlistment
  7.3 Force Majeure
  7.4 Notices
  7.5 Legal Jurisdiction
  7.6 Non specified Matters

Appendix II Name List of Team Members of Party A and Party B
Appendix III Marketing Plan
Appendix IV List of Target Projects:
   1. Educational & Technological Equipment Division, Changchun City, Jilin The
     sky-net solution shall be adopted, which shall provide services to 300
     rural secondary and primary schools in Changchun City with satellite
     resources receiving and application system, and shall be completed by 2003.
     Person in charge of Tengtu: Lu yunfei HP sales: Liang Hong
   2. Shanxi Baoji School-to-School Link Project Ground Net Broadband Service
     Provider Program
     Ground-net solution shall be adopted, which involves more than dozens of
     education bureaus at county level in Baoji city, each county has 2 sets of
     resources servers and website servers. This solution has already been
     implemented one after another.

     Person in charge of Tengtu: Wu Aijun
     HP sales: Wang Yuxin

   3. Sichuan Urban Area Network Resources Center Project Ground-net solution
     shall be adopted, which shall be commenced by the end by this year and
     implemented at beginning of next year, and involves more than twenty cities
     of Sichuan province.

   4. Guangxi Chairman Project, Phase II of Compulsory Education
     Project PC project

                                      -2-
<PAGE>

<PAGE>

Hewlett-Packard(China) Company Ltd. (hereinafter refereed to as Party A) and
Beijing Tengtu United Electronics Development Corp. Ltd. (hereinafter referred
to as Party B), adhering to the principle of "mutual confidence, sincere
cooperation and joint development", have decided to have cooperation in
developing primary and middle school's educational resources product market in
the Chinese Mainland after friendly consultation, and have reached the following
agreement with regard to the aim of cooperation, each party's rights and
obligation, etc.

1. AIM OF COOPERATION AND NATURE OF THE AGREEMENT
   1.1 Both parities have a common target and cooperation intention. The final
       aim of the cooperation is to give full play to each party's brand
       advantage, geological advantage and technical advantage and pool
       excellent talent resources to develop "primary and middle school's
       educational resources" market in an all-round way in the Chinese Mainland
       by means of the optimized team combination, excellent cooperation scheme
       and the best technological products. Through development of the market,
       Party A's advantage in computer and its related hardware products and
       services will be brought into full play, while Party B's advantage in
       customers, application solutions and system integration will be brought
       into full play. With the advantages of both parties, a solid foundation
       will be laid for all-round construction of IT-based education.
   1.2 Both parties unanimously agree that the agreement is a guiding document
       for both parties to expand their products and services share in the
       primary and middle school's educational resources market. The basis of
       the agreement is to jointly promote Party A's server, storage, software
       and services and Party B's educational resources application, management
       platform and educational resources.
   1.3 The agreement is not exclusive. The basis for the cooperation is "first
       application first cooperation". That is to say, when Party B is the first
       to apply to Party A for cooperation, Party A will give priority to Party
       B, and reach a cooperation intention first with Party B.
   1.4 Party A's products involved in the agreement especially mean PC servers,
       storage equipment and software products made by Hewlett-Packard Company
       and the related services. In other words, they are HP ProLiant and TC
       series servers, and associated storage products, software products and
       the related service products.

                                      -3-
<PAGE>

2. TERM OF THE AGREEMENT
  Term of the agreement: one year (from November 2003 to October 2004)

3 DETAILED RULES FOR THE COOPERATION

   3.1 AREA OF THE COOPERATION
      The cooperation region, industry market and mainly promoted solutions
       agreed by both parties are as follows:
       Name of the region: Throughout China
       Name of the industry Market: Primary and middle school's educational
       resources market
       Solutions: Skynet, ground net, campus web classroom (refer to Appendix 1)

    3.2. TARGET OF THE COOPERATION
       SHORT TERM: Within one year after signing the agreement, the professional
       marketing teams from both parties will complete sales contract signature
       and implementation of application software and hardware at least in two
       provinces. Both parties predict that one year after the agreement
       signature, Party B's total sales amount for the cooperation products
       under this agreement will not be less than RMB 10 million Yuan, and Party
       A's sales for its products and services will account for not less than
       40% of the total amount, that is, RMB 4 million Yuan.
       LONG TERM: Within three years after the agreement becomes effective, the
       market share (determined by the sales amount) of the solutions based on
       the HP product platform and Party B's "educational resources application,
       management platform and educational resources" in the cooperation sphere
       under this agreement (compared with the same type of products from other
       competitors) will not be less than 70%.

   3.3. MODE OF THE COOPERATION
       Both parties have jointly determined that for the mainly promoted
       solutions aimed at the cooperation region and the industry market (refer
       to Appendix 1), Party B or the partners from the common channels of both
       parties will sign sales and/or implementation contracts about the
       cooperation products under this agreement with customers, and Party A
       does not have any contracting relationship with the customers. As for the
       products under Section 1.4 thereof sold by Party B, Party B shall
       directly or indirectly purchase them from the authorized agents of
       Hewlett-Packard (China) Co., Ltd. in China. In accordance with the
       commitments made by Hewlett-Packard (China) Co., Ltd. to Party B or
       customers with regard to the HP products, Party A shall provide after
       sales quality guarantee and maintenance in the Chinese Mainland.
       For the long term cooperation interests and helping Party B become the
       sales experts for Party A's products, Party B promises to obtain Party
       A's training certification at least for two sales persons and two
       technical personnel within three months after the agreement becomes
       effective, and Party A promises to give Party B favorable conditions for
       the training.

                                      -4-
<PAGE>

4. RESPONSIBILITIES AND OBLIGATIONS OF BOTH PARTIES
      In order to push the total solution specified in the agreement to the
     market in the faster and better way, both parties commit themselves on
     following responsibilities and obligations:

     A. RESPONSIBILITIES AND OBLIGATIONS FOR PARTY A
     1) Party A shall provide sales training and appropriate pre-sales technical
        support for the products listed in Section 1.4 thereof to Party B once
        every half year.
     2) Party A shall provide an application software migration and testing
        environment in Party A's locality for Party B's solution. If Party B
        asks Party A to provide the above-mentioned environment in Party B's
        locality, Party A promises to provide the demonstrator to Party B at
        cost price. As for the detailed agreement with regard to the provision
        of the demonstrator, both parties will discuss it separately if
        necessary.
     3) Party A shall recommend Party B's corresponding products to customers in
        the first place in the region and industry set forth in the agreement.
     4) Party A shall provide one person-time training program to Party B in the
        Hewlett-Packard Business College or in the Hewlett-Packard IT Management
        College at a favourable price. (Travel and accommodation fees arising
        from the training in a foreign land shall be borne by Party B)
     5) For the name list of Party A's team members, refer to Appendix 2.

     B. RESPONSIBILITIES AND OBLIGATIONS FOR PARTY B
     1) Party B shall provide technical consultation and training on "Party B's
        educational resources application, management platform and educational
        resources" to Party A once every half year.
     2) Party B shall recommend Party A's products and services to customers in
        the first place in the region and industry set forth in the agreement.

                                      -5-
<PAGE>

     3) Party B shall provide the end users with the total solutions composed of
        Party A's products and Party B's application software in the region and
        industry specified in the contract.
     4) As agreed, Party B shall have discussions with Party A on Party B's
        overall marketing plan that is related to the agreement. As for the
        marketing plan, refer to Appendix 3.
     5) For the name list of Party B's team members, refer to Appendix 2.

     C. TO JOINTLY ESTABLISH A DEMONSTRATION CENTER FOR THE SOLUTION
       In order to promote the jointly developed application solutions to the
       target customers in an even better way, both parties, after consultation,
       agree to jointly establish a solution demonstration center in Party B's
       locality. Party A will provide related servers, storage and other
       equipment free of charge; Party B will provide other related hardware and
       software, etc. The solution demonstration center will be crowned with the
       names of both parties. As for the detailed agreement with regard to the
       solution demonstration center, both parties will discuss it separately.

     D. INTEGRATION OF THE EDUCATIONAL MARKET CHANNELS
       In order to have more effective cooperation, both parties, after
       consultation, agree to share the educational market channel resources,
       and will jointly hold a news conference for the solutions to launch
       market promotion activities for the cooperation project. Refer to
       "Appendix 3: Marketing plan".

     E. MARKET PROMOTION ACTIVITIES
     Both parties unanimously agree that effective marketing activities can
     actively push forward further exploration into the customers' requirements
     and find out sales potentials. Therefore both parties have jointly made the
     following arrangements with respect to the marketing activities during the
     term of the agreement:
     1) Technical seminar within the industry: no less than 4 times a year.
     2) Two dimensional advertisement: twice a year.
     3) Large scale industrial exhibition: once a year.

     As for the cost arising from the above-mentioned activities, both parties
     will discuss it separately in accordance with the actual situations.

                                      -6-
<PAGE>

  F. ROUTINE INSPECTION MECHANISM
      Senior leaders of both parties will hold at least one working meeting
     every half year, listen to the opinions from both sides, sum up the
     cooperation work and revise market promotion plan. Inspections by the sales
     teams of both parties will be carried out once every two weeks. The
     responsible members of both parties will conduct the meetings and determine
     the contents of the meetings.

5. EFFECTIVENESS OF THE AGREEMENT AND DEFAULT
   The agreement is made in two identical copies, and both have equally legal
   effect. The agreement shall become effective on the date when the authorized
   representatives from both parties sign it and put the official seals on it.
   Early termination of the agreement shall be in accordance with the terms and
   conditions of the agreement or approved in writing by both parties. The term
   of the agreement is specified in Section 2.
   Either party shall be deemed as breach of the agreement under the following
   situations: 1) Either party has violated the non-disclosure obligations set
   forth in Section 6 without the written approval from the other party
   (including, but not limited to, the disclosure of the other party's
   confidential information to the unrelated third party); 2) If either party
   has violated the agreement to recommend the third party's product, which is
   competitive with the cooperation products, to the customers within the
   cooperation sphere, it shall be deemed as serious breach of the agreement; 3)
   If either party has not fully implemented its obligations in time or violated
   any terms and conditions of the agreement, and has not taken any remedial
   measures within 30 days after receiving the written notice from the other
   party; 4) or due to bankruptcy, exemption of debtor's debt or transfer of
   creditor's rights and interests, or out of business, or entering into
   bankruptcy, reorganization, arrangement, insolvency or entering into
   liquidation procedure or other procedure, and the procedure not terminated
   within 30 days after the procedure starts, or violation of relevant laws and
   regulations and business ethics in performing the agreement. If one party has
   violated the agreement, the other party has the right to terminate the
   agreement and has the right to exercise all the rights and remedial measures
   in accordance with the agreement. The remedial measures by both parties can
   be exercised at the same time or separately, and moreover the exercising of
   any kind of remedial measures is not the choice of this kind of remedial
   measure, which does not exclude the exercising of any other remedial measure.
   Except for the claims arising from the infringement of intellectual property
   rights or violation of the non-disclosure obligations, any party shall not
   compensate the other party for any indirect damages, no matter the damage
   claims are based on the contract, pirate or other legal relationship.
   If any one of the above-mentioned situations occurs, it will cause both
   parties to terminate the agreement and seek for cooperation from a third
   party.

                                      -7-
<PAGE>

6. CONFIDENTIALITY
   Both parties promise that nothing herein contained shall be divulged to any
   third party or unauthorized person of its own company without the prior
   written consent
  Both parties agree that within the time limit of this agreement and 2 years
   after its expiration, all information received or obtained under this
   agreement, which, the other party believes, is confidential, shall be
   considered as proprietary information and to be held confidential
   ("confidential information"). Both parties agree to pay a proper attention to
   preventing all confidential information from being disclosed or used without
   authorization, just as to protect its own similar sensitive confidential
   information. When it is necessary to disclose, confidential information, it
   shall be marked with the word of "secret" or "confidential", If it is orally
   disclosed, the disclosing party shall declare that it is confidential
   information at the time of disclosure, and within 30 days after the oral
   disclosure, issue a written confirmation to the receiving party to summarize
   the contents of confidential information disclosed. Both parties agree that
   the confidential information shall be used only for performance of
   obligations under the terms of this agreement. Unless otherwise agreed in
   this agreement, the agreement has not expressly or implicitly granted,
   assigned or allowed one party's trademark, invention, copyright or other
   intellectual property to be used by the other party. All the confidential
   information is the property of the information disclosing party. In case of
   termination of the agreement and at the either party's request, the other
   party shall return the confidential information to the requesting party,
   including all the photocopies. Both parties agree that the confidential
   information shall be destroyed when it is no longer necessary. Provided that
   the above mentioned regulations are not affected, either party shall be
   liable for confidential information under the following conditions:
     (a) The confidential information had already been owned by the other party
        before the non-disclosure obligation is enforced;
     (b) The confidential information is made public without any party's fault;

                                      -8-
<PAGE>

     (c) It is legally obtained from a third party who has the right to provide
        information without breaching this agreement;
     (d) It is developed independently without using any confidential
        information of the other party; or
     (e) In the event the information is required to be disclosed by the court
        order, or by government or administrative competent agencies with legal
        jurisdiction on one party.

7. MISCELLANEOUS

   7.1 ADVERTISEMENT AND USE OF COMPANY NAME
 Neither party shall be allowed, without prior written consent by the other
party, to directly or indirectly use the name of company and product logo of the
other party, or mention the other party or any its sub-companies on any
advertisement, press or special or trade publications. No details of business
shall be divulged to any third party without the prior written agreement by the
other party.

   7.2 NON-ENLISTMENT
       Both parties agree that without prior written consent by the other party,
       within the term of this agreement and one year after its expiration,
       either party shall not directly enlist, provide employment opportunity,
       hire or retain any staff, advisers, subcontractors or other agents of the
       other party, related to performing this agreement. However, this article
       does not prohibit one party to hire them in the time of its conventional
       obligation and in the normal enrollment process not specially aimed at
       these persons based on their influence, or they contact with this party
       on their own

   7.3 FORCE MAJEURE
      Neither party shall be liable for delays in performing this agreement or
       failure to perform due to an occurrence or causes beyond its commercial
       reasonable control. Such delays shall include, but not be limited to,
       war, fires, earthquake, explosion, flood or other natural calamities,
       government's law, acts, order or regulations, strikes or labor problems,
       provided that the delays mentioned above are not caused by the delayed
       party's error or fault. Any occurrence or causes of delay shall continue
       only to within the time in which the event is beyond delayed party's
       commercial reasonable control. However, the delayed party agrees that
       commercial reasonable efforts shall be used to relief the delay caused by
       occurrence of any events which is beyond delayed party's commercial
       reasonable control. The delayed party shall promptly notify in written
       form the other party upon occurrence of any Force Majeure event and
       advice it of schedule to resume to perform.
       In case the Force Majeure causes delay more than 90 days, any party can
       terminate this agreement.

                                      -9-
<PAGE>

   7.4 NOTICES
       When notices sent by any party at addresses mentioned under this
       agreement or other addresses readily advised of by both parties are
       delivered or sent by hand, or fax (a photocopy is provided later on) to
       the other party, it shall be deemed received one day after sending by
       express courier service, or two (2) days after sending by registered
       mail, postage prepaid. Both parties agree that notices in intact form
       sent by fax shall be treated as "original" document, except that the
       truth of document is doubted.

   7.5 LEGAL JURISDICTION
       This agreement shall be subjected to legal jurisdiction of the people's
       Republic of China.

   7.6 NON SPECIFIED MATTERS
       Both parties agree that all the non-specified matters relating to this
       agreement and dispute arising out of performing this agreement shall be
       resolved by holding friendly negotiation by both parties, In the event
       such efforts fail, any party can institute legal proceedings to the
       people's court at the residential area of the accused

                                      -10-
<PAGE>

APPENDIX I SOLUTION MUTUALLY DECIDED BY BOTH PARTIES
APPENDIX II NAME LIST OF TEAM MEMBERS OF PARTY A AND PARTY B
APPENDIX III MARKETING PLAN
APPENDIX IV LIST OF TARGET PROJECTS:
     1. EDUCATIONAL & TECHNOLOGICAL EQUIPMENT DIVISION, CHANGCHUN CITY, JILIN
        The sky-net solution shall be adopted, which shall provide services to
        300 rural secondary and primary schools in Changchun City with satellite
        resources receiving and application system, and shall be completed by
        2003.
        Person in charge of Tengtu: Lu yunfei
        HP sales: Lianghong

     2. SHANXI BAOJI SCHOOL-TO-SCHOOL LINK PROJECT GROUND NET BROAD BAND SERVICE
        PROVIDERPROGRAM Ground-net solution shall be adopted, which involves
        more than dozens of education bureaus at county level in Baoji city,
        each county has 2 sets of resources servers and website servers. This
        solution has already been implemented one after another.
        Person in charge of Tengtu: Wu Aijun
        HP sales: Wang Yuxin

     3. SICHUAN URBAN AREA NETWORK RESOURCES CENTER PROJECT Ground-net solution
        shall be adopted, which shall be commenced by the end by this year and
        implemented at beginning of next year, and involves more than twenty
        cities of Sichuan province.

     4. GUANGXI CHAIRMAN PROJECT, PHASE II OF COMPULSORY EDUCATION PROJECT PC
        project
        Teams from both parties shall communicate with each other regularly and
        readily update the List of Target Projects.

APPENDIX V GLOBALLY RECOGNIZED-HP CERTIFIED PROFESSIONAL (A
CERTIFICATION CREDENTIALS ACCOMPANYING YOU TO EVERYWHERE OVER THE
WORLD)

       1. MINIMUM REQUIREMENTS FOR PARTNERSHIP OF HP ENTERPRISE SYSTEM
GROUP-HP CERTIFIED PROFESSIONAL

         We require the corresponding personnel of our co-operative cooperation
         to be familiar with and proficient at HP product and technical
         expertise, and have HP certified professional credentials.
     1.1 HP enterprise system group authorized high value-added distributor
         (PA Distributor):
     o  HP sales certification:                                    *2 (ASP)
     o  HP pre-sales consultant certification:                     *2 (APP)
     o  HP engineer technical integration certification or HP engineer operating
        systems certification:                                     *2
     1.2 HP enterprise system group high value-added distributor  (PA VAR):
     o  HP sales certification:                                    *2 (ASP)
     o  HP pre-sales consultant certification:                     *2 (APP)
     1.3 HP enterprise system group adaptive reseller (AR - Adaptive Reseller):
     o  HP sales certification:                                    *1 (ASP)
     o  HP pre-sales consultant certification:                     *1 (APP)

                                      -11-
<PAGE>

2. GLOBALLY RECOGNIZED - HP CERTIFIED PROFESSIONAL

     Today's business environment requires employers to fill their IT positions
     with a proficient and productive workforce. As demand for skilled IT
     professionals has outstripped supply, certification has evolved to become a
     measurement that helps organizations with their hiring decisions.

     According to the latest IDC report, in every three servers running in the
     world, one of them is the HP server. Therefore, if you are succeeded in the
     efforts to be a HP certified professional, you will become a very valuable
     IT specialist. Either employers or customers call on you to keep their
     information systems running.

     VALUE TO CANDIDATES
     The HP Certified Professional program provides a framework for the
     professional development of the individual by:

     o  Prescribing technical skills and competency requirements essential to
        ensure that an individual is proficient and effective in the delivery of
        HP solutions and services

     o  Increasing an individual's credibility and providing a competitive edge
        with certification credentials

     o  Encouraging employers to value the strategic advantage that comes from
        maintaining a staff of trained and certified professionals Enhancing
        proficiency and career viability

     VALUE TO EMPLOYERS
     The HP Certified Professional program offers the employer a "certification
     resource" for identifying skills and managing the development of
     professionals they employ by:

     o  Incorporating certification as a differentiator in recognizing staff for
        promotions and salary increases

     o  Providing outstanding and consistent service which benefits the company
        and provides:

     o  Better customer satisfaction

     o  Improved competitive advantage

     o  Better professional and technical expertise, attract more profitable
        projects

     VALUE TO CUSTOMERS

     The HP Certified Professional program makes a significant contribution in
     delivering the benefits customers are typically looking for in an
     professional and comprehensive IT solution and service:

     o  Better customer satisfaction

     o  Reduced management risk

     o  Certified competence of IT professional service

3. - HP CERTIFIED PROFESSIONAL PROGRAM (HPCP-HP CERTIFIED PROFESSIONAL)

     o  HP sales certification (Asia Pacific Partnership Academy-APPA)

     o  ASP (Accredited Sales Professional)

     o  ASC (Accredited Sales Consultant)

                                      -12-
<PAGE>

     o  HP pre-sales consultant certification(Asia Pacific Partnership
        Academy-APPA)

     o  APP (Accredited Presales Professional)

     o  APC (Accredited Presales Consultant)

     o  HP engineer technical integration certification (HP training
        department-HPE)

     o  APS (Accredited Platform Specialist)

     o  AIS (Accredited Integration Specialist)

     o  ASE (Accredited Systems Engineer)

     o  MASE (Master Accredited Systems Engineer)

     o  HP: engineer operating systems certification (HP training
        department-HPE)

     o  CSA (Certified Systems Administrator)

     o  CSE (Certified Systems Engineer)

   4. HOW TO BECOME HP CERTIFIED PROFESSIONAL?

                                [OBJECT OMITTED]

                                      -13-
<PAGE>

From left to right and top to bottom:

Partnership        Sales certification

Pre-sales consultant certification   Partnership Academy
                                                       Integration certification

Operating systems certification           HP training department

Application for appropriate training course

Select the testing center nearby on the website of Prometric Certification
Center to take exams

Passed the examination, officially become HP Certified Professional

5. Detail Courses of Certification- Asia Pacific Partnership Academy-APPA

   o  HP sales certification

        -  Business critical server sales course

     o  Power on Sales - I

     o  Business Critical Server Sales solution - I (ASP)

     o  Integrity Super dome Sales (Mulit-OS) - II (ASC)

     o  Itanium Sales - I

     o  Business Critical Server Sales Solution (Linux/Windows) - I (ASP)

     o  Superdome Sales (Linux/Windows) - II (ASC)

        - Network storage solution sales courses

     o  Selling Networked Storage Solutions - I (ASP)

     o  Selling Business Class Storage Solutions - I (ASP)

     o  Selling Enterprise Storage Solutions - II (ASC)

     o  Selling Business Value of HP Solutions - II

     o  Selling XP Disk Array Family - III (ASC)

   o  HP pre-sales consultant certification

        -  Business critical server pre-sales course

     o  Power on Technical - I

     o  Business Critical Server Technical Solutions - I (APP)

     o  Superdome Technical - II (APC)

     o  Superdome Services - III (APC)

     o  Itanium Technical - I

     o  Business Critical Server Technical Solutions (Integrity Servers -
        Windows) - I (APP)

     o  Superdome Technical (Integrity superdome Server - Windows) - II (APC)

     o  Superdome Services - III (APC)

                                      -14-
<PAGE>

        - Network storage solution pre- sales course

     o  Network Storage Solutions - I (APP)

     o  Enterprise Virtual Array Workshop - II (APC)

     o  HP SV3000 Technical Essentials - III (APC)

     o  HP Open View Storage Area Manager Fundamentals - II (APC)

     o  HP Disk Array XP Family Technical Pre-sales - III (APC)

6. Detail Courses of Certification - HP training department-HPE

     o  HP engineer technical integration certification

   - AIS (Accredited Integration Specialist)

     o  AlphaServer + Linux

     o  AlphaServer + OpenVMS

     o  AlphaServer + Tru64 UNIX v5

     o  NonStop Systems

     o  OpenView Data and Storage

     o  OpenView Network Services

     o  OpenView Service Management

     o  OpenView Systems and Servers

     o  ProCurve Networking

     o  ProLiant + Linux

     o  ProLiant + NetWare

     o  ProLiant + Windows

     o  StorageWorks

   - ASE (Accredited Systems Engineer)

     o  OpenView Data and Storage

     o  OpenView Network Services

     o  OpenView Service Management

     o  OpenView Systems and Servers

     o  ProLiant + Windows

     o  StorageWorks

o HP: engineer operating systems certification

   - CSA (Certified Systems Administrator)

     o  HP-UX

     o  True64 Unix

     o  OpenVMS

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   - CSE (Certified Systems Engineer)

     o  HP-UX

     o  True64 Unix

     o  OpenVMS

     o  NonStop Kernel

7. Matters Needing Attention in Certification Exams Pre-Exams and Application

     7.1 location of testing: HP has authorized the US Prometric Company to
        conduct certification examination. The Prometric Company is a company
        specialized in computer online test, which has many teat centers set up
        in China (Telephone number of Beijing office: 010-82617799, 82619995 For
        the detail contact method with the test center and application
        procedure, you can login www.prometric.com.cn)o Test fee for each course
        is 625yuan (USD75)o

     7.2 Carefully and correctly fill in the relative information: When entering
        the registration information, as the information must be entered in
        English, so name and mail address of company must be uniformly and
        properly entered. For example, "NewSun" and Chinese phonetic alphabet
        "XinTaiYang" shall be considered as two companies, in searching and
        polling, the identifying shall be conducted only based on the formal
        English name (e.g. "NewSun") that is in the contract signed by your
        company with HP. Enter the correct mail address of company to avoid the
        loss of credentials when mailed. If you don't enter the information
        above-mentioned, we will be unable to inquire about your records.

     7.3 Pay attention to difference between "first name" and "last name", and
        keep them unchanged in the subsequent examination, some candidates
        entered reversed contents above in the different examinations, as result
        we were very difficult in searching and polling o

     7.4 Time to take examination: The examination questions are valid for 24
        hours, so once you confirm the date you take examination, which shall
        not be changed. For the concrete arrangement, please contact the local
        testing center.

     7.5 Certification credentials: Take the proctored exams at an Authorized
        Prometric Testing Center. Upon completion of your exam, you will receive
        your exam results, then you register your personal details on the
        website http://www.hp.com/go/certification/ap, you will receive global
        certification credentials one and half month later. Keep well your exam
        results or certification credentials for our checking

     8. Online Registration of Personal Details and submission of relevant
        credentials

     8.1. Online registration: To receive the relevant credentials of hpcp, it
        is also necessary to select, on the web site
        http://www.hp.com/go/certification/ap, program administration->apply for
        certification, select types of credentials (Sales: Presales:
        Integration: Operating Systems: ), relevant product platform, for
        example: Alpha Server Systems, Proliant(TM) Servers etc. After receiving
        the permit agreement, provide the personal details.

     8.2 Fax or mail of examination score and relevant certification credentials
        of Prometrics:

In order to ensure that your application can be timely processed, submit
Prometric examination score reports and relevant certification credentials to HP
by fax or mail (e.g. Proliant(TM) Servers ASE requires MCSE credentials) within
24 hours after online registration:

       1) HPCP Program Administrator

       HP Certified Professional Program-Asia Pacific

       18 Little Cribb St             PO Box 1406

       Milton Qld 4064

       Australia

       2) or  Hewlett-Pakard (China) Co., Ltd:

       F/10, 112 Jianguo Road , Chaoyang District, Beijing, Post Code 100022

       Person to contact: Si Yue

       Tel: 010-65643888   Fax: 010-65668236

                                      -16-
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