Document:

DATED     May 1, 2004
                              ---------------------

                                DFS OKINAWA K.K.

                                       AND

                               ASIA PAYMENTS, INC.

                  ____________________________________________

                             SYSTEM DEVELOPMENT AND
                               SERVICES AGREEMENT

                  ____________________________________________

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
THIS  AGREEMENT  is  made  as  of  May  1,  2004  ("Effective  Date")

BETWEEN:

(1)  DFS  OKINAWA  K.K.  a  Japanese  corporation  ("DFS");  and

(2)  ASIA  PAYMENTS,  INC.,  a  Delaware  corporation  with its principal office
     located  at  704  N.  King  Street  Suite  500, Wilmington, Delaware, U.S.A
     ("API").

WHEREAS:

(A)  API  is  in  the  business  of  developing  computer  system  and  software
     applications  enabling  acceptance  and  settlement  of credit card payment
     transactions;  and

(B)  DFS and API desire to enter into a business relationship pursuant to which,
     among  other  things,  API  will  develop  a  system  according  to  DFS
     specifications  and guidelines to authenticate credit card payment by DFS's
     customers  (and  the  customers  of  certain  DFS  affiliates),  as  more
     particularly  described  in  Schedule  1  ("the  System").

NOW THEREFORE, in consideration of the mutual covenants and conditions contained
herein,  the  parties  agree  as  follows:

1.   DEVELOPMENT  OF  SYSTEM

1.1  Immediately  after the Effective Date, both parties shall negotiate in good
     faith  and  use  commercial  best  efforts  to  perform  their  respective
     obligations  under  this  Agreement.

1.2  All  System development works to be undertaken by API will be substantially
     completed  so  as to permit commercial operation according to the features,
     operating  and  other  performance  parameters  of  the  System  as  may be
     reasonably  necessary  or  agreed  between  API  and  DFS  ("System
     Specifications")  not later than 1 July, 2004 or other date mutually agreed
     by the parties (the "Service Commencement Date"). The System Specifications
     shall  include,  but  not  be  limited,  to  those  specified in Schedule 2
     attached  hereto.

1.2  From  time  to  time  as  appropriate  in  the  course  of  the development
     activities to be undertaken pursuant to this Agreement, each of API and DFS
     shall  provide  the  other  party  (and  their  nominees)  with  additional
     technical  or  other  information  to the extent the other party reasonably
     deems  necessary  for  such other party to perform obligations expressed or
     contemplated  hereunder,  or  such other obligations as may be ancillary or
     incidental  to  express  obligations.

1.3  Unless otherwise specified herein, each party shall bear any and all of its
     own  costs  and  expenses incurred in connection with its obligations under
     this  Agreement  or  at  law.

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
2.   SETTLEMENT  SERVICES

2.1  Immediately  following: (a) the completion of the System in accordance with
     the  System  Specifications; and (b) the acceptance of the System following
     user  testing,  API  shall  make available to DFS the settlement service as
     described  in  Part  I  of  Schedule  3  for the duration of this Agreement
     ("Settlement  Services").

2.2  The  availability  of  Authorisation  and  Sales  Capture  applications (as
     described  in  Schedule  1) of the Settlement Services for DFS's use shall,
     during  any  calendar  month, be not less than 98% of the time (based on 24
                                                    ---
     hours  per  calendar  day) ("Service Level Commitment"), save for scheduled
     maintenance  or  scheduled  downtime  ("Maintenance"), or failure of any of
     DFS's  equipment  that  is  not  due to any intentional or negligent act or
     omission.  Any  Maintenance  must  be  agreed in writing by DFS and API, at
     least  fourteen  calendar  days prior to the contemplated event and DFS may
     not  unreasonably condition, delay or withhold agreement. For the avoidance
     of  doubt  any  Maintenance  must  be  carried  out and completed using all
     reasonable  haste.  For  the  purposes of this Agreement, the Service Level
     Commitment  shall be incontrovertibly deemed to be a material obligation of
     API  under  this  Agreement.

2.3  Subject  to  API performing its obligations under this Agreement, DFS shall
     pay  API  the  service  fees  as  described  in  Part  II of Schedule 3. In
     addition,  unless  otherwise  specified  in Schedule 3, DFS will, within 15
     calendar  days  of  receiving  an  invoice,  pay  or  reimburse  API  for:

     (a)  reasonable  travel  expenses  incurred  by  API's  personnel;

     (b)  reasonable  out  of pocket expenses incurred by API's personnel whilst
          travelling;  and

     (c)  all  sales  taxes,  value  added  taxes  and goods and services taxes,

     provided API obtains DFS's prior written approval for all individual travel
     expenses  exceeding US$2000 and individual out of pocket expenses exceeding
     US$150,  the  relevant  expenses  or  taxes  are  incurred  by  API and its
     personnel  in  good  faith  in the course of API performing its obligations
     under  this  Agreement, and that original documentary evidence, reasonably
     satisfactory to  DFS, is provided with any corresponding invoice that API
     may  be  entitled  to  issue  from  time  to  time.

3.   INTELLECTUAL  PROPERTY  RIGHTS

     (a)  All  intellectual  property  and  related  rights  in and to technical
          information  of  either  party which is provided to the other party in
          the  course  of the development of the System or its portion hereunder
          shall  continue  to  belong  to  such  providing  party.

     (b)  Each  party  ("First  Party") shall indemnify and hold the other party
          ("Second  Party")  harmless  from: any (i) claims by; and (ii) damages
          awarded  to,  a  third  party  where  that  third

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
     party's  intellectual  property rights have been infringed by reason of any
     act,  omission  or  breach  of  the First Party, and all costs and expenses
     reasonably  incurred  by  the  Second  Party.

4.   GENERAL

4.1  Confidentiality

     (a)  Confidential  Information.  "Confidential  Information"  means  any
          confidential  technical  data,  trade  secret,  know-how  or  other
          confidential  information disclosed by any party hereunder in writing,
          orally,  or  by  drawing  or  other  form  which must be marked by the
          disclosing  party  as  "Confidential"  or  "Proprietary".  If  such
          information is disclosed orally, or through demonstration, in order to
          be deemed Confidential Information, it must be specifically designated
          as  being  of  a  confidential  nature  at  the time of disclosure and
          reduced  in  writing  and  delivered to the receiving party within ten
          calendar  days  of  such  disclosure.

     (b)  Exclusions.  Notwithstanding  the  foregoing, Confidential Information
          shall  not  include  information  which:

          (i)  is  known  to  the  receiving  party at the time of disclosure or
               becomes  known  to  the  receiving  party  without breach of this
               Agreement;

          (ii) is  or  become  publicly  known  through  no  wrongful act of the
               receiving  party  or  any  subsidiary  of  the  receiving  party;

          (iii) is rightfully received from a third party without restriction on
               disclosure;

          (iv) is  independently  developed by the receiving party or any of its
               subsidiary;

          (v)  is  furnished  to any third party by the disclosing party without
               restriction  on  its  disclosure;

          (vi) is  approved  for  release  upon  a  prior written consent of the
               disclosing  party;

          (vii) is  disclosed  pursuant  to  judicial  order,  requirement  of a
               governmental  agency  or  by  operation  of  law.

     (c)  Nondisclosure.  The  receiving  party agrees that it will not disclose
          any  Confidential  Information  to  any  third  party and will not use
          Confidential Information of the disclosing party for any purpose other
          than  for  the  performance  of  the  rights and obligations hereunder
          during the term of this Agreement and indefinitely thereafter, without
          the prior written consent of the

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
          disclosing party. The receiving party further agrees that Confidential
          Information shall remain the sole property of the disclosing party and
          that  it  will  take  all  reasonable  precautions  to  prevent  any
          unauthorized  disclosure of Confidential Information by its employees.
          No  license  shall be granted by the disclosing party to the receiving
          party  with  respect  to  Confidential Information disclosed hereunder
          unless  otherwise  expressly  provided  herein.

     (d)  Return of Confidential Information. Upon the request of the disclosing
          party,  the  receiving  party  will  promptly  return all Confidential
          Information  furnished  hereunder  and  all  copies  thereof.

     (e)  Publicity.  Neither  party shall disclose any of the specific terms of
          this Agreement to any third party without the prior written consent of
          the  other  party,  which  consent shall not be withheld unreasonably.

4.2  Term  and  Termination.

     (a)  This  Agreement shall become effective on the Effective Date. API must
          commence  performance  of  the  Settlement  Services  upon the Service
          Commencement  Date  and  the  obligations  to perform and pay for such
          services  shall  remain  in  force  for  one (1) year from the Service
          Commencement  Date  and  thereafter  will be renewed automatically for
          successive  one  (1)  year  terms.

     (b)  Either API or DFS may terminate this Agreement without cause by giving
          to  the  other party six months' prior notice in writing. In the event
          of  the  giving  of  such  notice, the parties shall cooperate in good
          faith  to  ensure a smooth transition to a successor service provider.

     (c)  Notwithstanding  the  above, either party may terminate this Agreement
          with  immediate  effect,  at  its sole discretion, upon giving written
          notice  to  the  other  party,  in  case:

          (i)  the  other  party  defaults  in  the  performance of any material
               obligation  hereunder,  and if any such default is capable of and
               cannot corrected within ninety calendar days after the defaulting
               party  receives  written  notice  of  such  default  from  the
               non-defaulting  party;  or

          (ii) the other party files a petition in bankruptcy, or is adjudicated
               bankrupt,  or  makes  a  general  assignment  for  the benefit of
               creditors,  or  becomes insolvent, or is otherwise unable to meet
               its  business  obligations  for  a  period  of  three consecutive
               months;  or

          (iii) an  event  of Force Majeure (as defined in clause 4.5) lasts for
               more  than ninety consecutive calendar days or occurs on at least
               ninety  days  in any consecutive period of one hundred and eighty
               calendar  days.

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
     (d)  Upon  expiration  or  termination  of  this  Agreement, all rights and
          obligations  hereunder shall terminate forthwith except the provisions
          of  clauses  3  and  4.

4.3  Exclusions.

     (a)  Except:  (i)  as  expressly  provided  in this Agreement or as API may
          expressly  agree  in writing from time to time; or (ii) as required by
          law,  API  makes  no  other  representation  or  warranty,  express or
          implied,  regarding  the  System  or  the  Settlement  Services.

     (b)  Except  for  a  breach  of clause 4.1 or any breach due to intentional
          misconduct or recklessness, no party will be liable to any other party
          for  indirect  or  consequential loss or damages, even if the relevant
          party may have known or contemplated that such losses or damages could
          be  suffered.

4.4  Limitation  of  Liability.  Except  for  any indemnities given under Clause
     3(b),  the  liability  of  API  shall  be limited to, at the option of API,
     performance  of  any  Services  which  were not performed according to this
     Agreement  or  the  refunding  of  monies  paid  to  API in respect of such
     services. If API is liable to DFS for any matter arising out of or relating
     to  the  negotiation,  formation,  performance  or  non-performance of this
     Agreement,  whether  based  on  an  action  or  claim  in contract, equity,
     negligence,  tort  or otherwise, API shall not be liable for all events for
     any  damages,  howsoever sustained by DFS, exceeding the total amounts paid
     to  API  by  DFS  as  Settlement  Service  Fees  under  this  Agreement.

4.5  Force Majeure. Either party shall not be liable to the other for failure to
     perform  any part of this Agreement, except for any due payment obligation,
     when  such failure is due to fire, flood, strikes, labour troubles or other
     industrial  disturbances,  inevitable  accidents,  war  (declared  or
     undeclared),  embargoes,  blockages,  legal  restrictions,  governmental
     regulations  or  orders,  riots,  insurrections,  or  any  cause beyond the
     control  of  such  party.  The  party  so prevented from performance shall,
     however,  use  diligent  efforts  to  resume  performance.

4.6  Assignment.  The  parties  shall  not assign or transfer this Agreement, in
     whole  or  in part, or any right or obligation hereunder to any third party
     without  the  prior  written  consent  of  the  other party. Subject to the
     foregoing, this Agreement and the parties' rights and obligations hereunder
     shall  be  binding  upon and inure to the benefit of the parties hereto and
     their  respective  successors  and  assigns.

4.7  Governing  Law.  This  Agreement  will  be  interpreted  and  enforced  in
     accordance with the laws of the Japan without reference to conflicts of law
     principles.

4.8  Dispute  Resolution.  Each  party  will  make  reasonable  best  efforts to
     amicably  resolve  any  disputes  or  claims under this Agreement among the
     parties.  The  parties  shall  attempt in good faith to resolve any dispute
     between  them  promptly by negotiation between executives. Either party may
     send  the  other a request to negotiate. If the negotiation does not result
     in  resolution  within 45 days of the notice, the parties shall endeavor to
     resolve  the  dispute by mediation. Any dispute which remains unresolved 90
     days after appointment of a mediator, or if the parties are unable to agree
     on  a

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
     mediator  or  the  mediation  procedures,  shall  be  resolved  by  binding
     arbitration  by  a sole arbitrator in Tokyo, Japan. Judgment upon the award
     rendered  by the arbitrator may be entered by any court having jurisdiction
     thereof. These procedures will apply to any and all disputes that may arise
     between  the  parties  or  between  their  respective principals, officers,
     directors,  employees,  agents,  subsidiaries,  parents,  predecessors,
     successors,  assigns,  heirs  or  related  entities.

4.9  Notice.  Any  notice required or permitted to be given under this Agreement
     shall  be  delivered (i) by hand, (ii) by international commercial courier,
     to the addresses set forth below. Notice so given shall be deemed effective
     when  received  or  if  not  received by reason or fault of addressee, when
     delivered. Either party may change its address for notices by notice to the
     other  party.

     If  to  DFS,  to:

     DFS  Okinawa  K.K.
     Shin Ohsaki Kangyo Building
     1-6-4 Ohsaki
     Shinagawa-ku
     Tokyo 141-0032, Japan

     If  to  API,  to:

     Asia  Payment  Systems,  Inc.
     800  5th  Avenue  #4100
     Seattle,  WA  98104
     United  States
     Fax:  1-206-470-1150

4.11 Waiver.  Should  either  party fail to exercise or enforce any provision of
     this  Agreement  or  to waive any rights in respect thereto, such waiver or
     failure  shall  not  be  construed as constituting a continuing waiver or a
     waiver  of  any  other  right.

4.12 Severability.  In  the  event  that  any  provision  or  provisions of this
     Agreement  shall be held to be unenforceable, the parties shall renegotiate
     those  provisions  in  good  faith  to  be  valid,  enforceable  substitute
     provisions which provisions shall reflect as closely as possible the intent
     of  the  original  provisions  of  this  Agreement.  If the parties fail to
     negotiate  a  substitute  provision,  this  Agreement will continue in full
     force  and effect without said provision and will be interpreted to reflect
     the  original  intent  of  the  parties.

4.13 Entire  Agreement.  This  Agreement,  including  the Exhibit(s) referred to
     herein  and  attached  hereto  sets  forth  the entire understanding of the
     parties,  and  supersedes  any prior agreement between or among the parties
     with  respect  to  the  subject  matter hereof. This Agreement shall not be
     amended  or  modified  except  by  written  instrument  signed  by the duly
     authorized  representatives  of  the  parties  hereto.

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
IN  WITNESS  WHEREOF,  the  parties  hereto  have  caused  this  Agreement to be
executed,  effective  as  of  the  Effective  Date.

DFS OKINAWA K.K.                                 ASIA PAYMENTS, INC.

By______________________
  Satoru Horikawa                                By______________________
  Representative Director                          Name:
                                                   Title:

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
                                   SCHEDULE 1
                                   ----------

                                     System
                                     ------

1.   Description

     The  System  will  (i)  permit processing of credit card transactions; (ii)
     will  enable  acceptance  and  settlement  of  JCB,  Diner's Card, American
     Express,  MasterCard  and  VISA  ("Charge  Card")  transactions;  and (iii)
     provide  a  complete and extensive range of customer report data including,
     but  not  limited  to,  customer  and  merchant  transaction  histories.

2.   API's  responsibility

     API  will  be  responsible  for:  (i)  establishing  and  maintaining  such
     hardware,  software, systems (including, but not limited to the updating of
     such  hardware,  software  and/or  systems  as may be required from time to
     time),  binding  and  non-binding  third party relationships, and any other
     activity that may be ancillary or incidental to the foregoing and as may be
     necessary to co-ordinate and promptly procure Authorisations, Sales Capture
     and  related  transactions  (i.e. Void, Credit, Refund); and (ii) informing
     DFS  in  writing  from  time  to  time  of  the  locations to which Secured
     Information  must  be  transmitted,  any necessary passwords, the format of
     Secured  Information  and  giving DFS such information as it may require or
     reasonably  request  to  obtain  Authorisation,  Sales  Capture and related
     Credit  Card  transactions.

3.   DFS's  responsibility

     DFS  will  provide  transaction  data to API in a format acceptable to both
     parties  in  respect  of  and  concerning all Authorisations, Sales Capture
     and/or  other  related  Credit  Card  transactions.  DFS will, in addition,
     provide  instructions  as  to  which  credit  card  transactions  are to be
     processed  by  API  and  such  transactions  are  to  be processed in which
     currencies and in which jurisdictions as DFS may require from time to time.

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
                                   SCHEDULE 2
                                   ----------

                              System Specifications

                               [GRAPHIC REDACTED]

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150
<PAGE>
                                   SCHEDULE 3
                                   ----------

                           Part I- Settlement Services
                           ---------------------------

API  shall process credit card transactions for DFS in such currencies as agreed
between  the  parties  from time to time and arrange settlement with banks to be
designated  by  DFS  from  time  to  time.

API  will  perform  Authorisation,  Sales  Capture,  and  related  Credit  Card
transactions  and  other  related  activities  as  described  in  Schedule  1.

                        Part II- Settlement Service Fees
                        --------------------------------

1.   [Redacted]

2.   Per  Transaction  Fee

     [Redacted]  for  each occasion there is an Authorisation, Authorisation and
     Sales  Capture,  Sales  Capture,  Disbursement,  Refund,  Credit  or  Void
     transaction  sent  to  API  by  DFS  for follow on processing ("Activity").

                            Part III - Other Services
                            -------------------------

     All  other services not expressly agreed as of the Effective Date, that API
     may  be  willing  to  perform  for  DFS  ,  will  be charged at the rate of
     [Redacted]  per  hour  in  addition  to reimbursement for travel and out of
     pocket  expenses  reasonably  incurred  by  API  or  API  personnel, unless
     otherwise  agreed  in  writing  by the parties. For the avoidance of doubt,
     such services will include hosting, customisation or additional development
     work,  ongoing  maintenance  and training. API must: (a) obtain DFS's prior
     written  approval  for  all individual travel expenses exceeding [Redacted]
     and  individual out of pocket expenses exceeding [Redacted]; (b) incur such
     expenses  in  good  faith  in  the course of API performing its obligations
     under  this  Agreement;  and  (c)  furnish  original  documentary evidence,
     reasonably satisfactory to DFS, with any corresponding invoice that API may
     be  entitled  to  issue  from  time  to  time.))

                           Asia Payment Systems, Inc.
                              800 5th Avenue #4100
                                Seattle, WA 98104

Tel: 1-206-447-1379                                          Fax: 1-206-470-1150CREDIT CARD TRANSACTION PROCESSING
                        AND SETTLEMENT SERVICES AGREEMENT

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

This "Agreement" is entered into by and between:

     1.   ASIA  PAYMENTS,  INC. ("API" or "Company") a United States corporation
          incorporated  in  the  State  of  Delaware  with its' principal office
          located  at:  704  N.  King  Street,  Suite 500, Wilmington, Delaware,
          U.S.A.,  and

     2.   E-CHARGE  USA  ("e-Charge"  or "Company"), a United States corporation
          with  its'  principle office located at: 444 Niu Street, Honolulu, HI,
          U.S.A.

API and Customer are referred to individually as the "party" or collectively as
the "parties."

     The  "Effective  Date"  of  this Agreement is ____________________________,
2004.

RECITALS

A.   API is in the business of developing computer system and software
     applications that enable acceptance, processing, clearing, and settlement
     of credit card payment transactions (the "Payment Processing System"). API
     provides Payment Processing Systems to merchants and financial institutions
     throughout Asia.

B.   API is a wholly owned subsidiary of Asia Payment Systems, Inc., (a public
     company in good standing with and reporting to the Securities Exchange
     Commission in New York, New York under the NASDAQ OTC Bulletin Board market
     trading symbol "APYM").

C.   Customer is a merchant whose business is in good standing.

D.   Customer desires to enter into an agreement with API for API to provide
     Payment Processing Services to Customer. This Agreement sets out the terms
     and conditions of the agreements of the parties.

CONSIDERATION.

     In consideration of the mutual covenants and conditions contained in the
     Agreement, the Parties agree as follows:

--------------------------------------------------------------------------------
Credit Card Transaction Processing and Settlement Services Agreement      Page 1
<PAGE>
SECTION 1:  DEFINITIONS

"Acquiring Bank" means Chase Merchant Services acquiring account # 451222652997.
 --------------

"API Hub" means a physical location established by API in Honolulu, Hawaii,
 -------
U.S.A. that will comprise premises, equipment, software and other necessary
elements for the sole purpose of performing Customer Transactions and related
obligations under this Agreement.

"Business Day" means Monday (0900 to 1700) to Saturday (0900 to 1300) but
 ------------
excluding bank holidays, public holidays, and typhoon affected days (where the
official signal number 8 is hoisted prior to 0900) in Hong Kong.

"API System" means API's proprietary operating systems and databases which
 ----------
enable acceptance and settlement of transactions involving Credit Cards and
provide a range of customer report data including, but not limited to, customer
and merchant transaction histories.

"Charge Back" means any refund (whether charge amounts, penalties, or fees) made
 -----------
to a customer of an Acquiring Bank after due inquiry.

"Charge Back Fees" The cost of processing a Charge Back as set out in SCHEDULE
 ----------------
1-FEES.

"Credit Cards" means any Visa, MasterCard, AMEX, JCB, Domestic China UnionPay,
 ------------
Diner's Club, Discover, or local proprietary Private Label card.

"Credit Card Issuers" means any bank or other financial institution that issues
 -------------------
the Credit Cards.

"Credit Card Transaction" means any transaction which generates Credit Card
 -----------------------
Transaction Data, and includes any transaction in which one party uses a credit
card to purchase goods or services as described on the printed or handwritten
sales record.

"Credit CardTransaction Data" means all sales capture and related transaction
 ---------------------------
data, including each Authorization, "Authorization Only," Authorization and
Sales Capture, Sales Capture, Disbursement, Refund, Credit, Charge Back, or Void
transaction

"Customer Account" means one or more accounts established and maintained between
 ----------------
Customer and Acquiring Bank for the settlement of Credit Card Transactions, in
such currencies as Customer may specify in writing.

"Customer Network" means the telecommunications and data network used by
 ----------------
Customer to transport Credit Card Transaction Data to the API Hub.

"Services" means the services identified in this Agreement that API is obligated
 --------
to perform for Customer.

"Service Fees" means the fees to be paid to API by Customer as set out in
 ------------
SCHEDULE 1-FEES.

--------------------------------------------------------------------------------
Credit Card Transaction Processing and Settlement Services Agreement      Page 2
<PAGE>
"Third Party Transaction Fees" means the customer processing fee and all fees
 ----------------------------
associated with processing U.S. Dollars, YEN, or other currency transactions
that Customer would otherwise be liable to pay to third parties, including but
not limited to, Acquiring Banks.

SECTION 2:  OBLIGATIONS OF API

During the Term of this Agreement and any period of renewal or extension to this
Agreement, API agrees to perform the following:

2.01 Services.  API  shall  perform  the  following  Services:
     --------

     a.   Maintain  and  administer  the  Chase  Merchant  Services  account
          (#451222652997) which is currently owned by e-Charge USA for Customer.

     b.   Inform  Customer  in writing (which may include by facsimile or email)
          the  locations  to  which  Credit  Card  Transaction  Data  must  be
          transmitted,  any  necessary  passwords,  the  format  of the data and
          giving  Customer  such  information  as  it  may require or reasonably
          request  to  process  Credit  Card  Transactions.

     c.   Process  the  Customer's  Credit  Card  Transactions  in the following
          manner:

          1.   API shall review the accuracy of the Credit Card Transaction
               Data.

          2.   API shall timely process all Credit Card Transaction Data in such
               currencies as agreed between the parties.

          3.   API shall forward all Credit Card Transaction Data to the
               Acquiring Bank(s) established by API for customer or designated
               by Customer for settlement and payment.

     d.   Remit all transactions to Customer within five (5) business days after
          receipt by API of the first settlement notices from the Acquiring Bank
          for Customer Transactions, after deducting any Service Fees, Third
          Party Transaction Fees, and Charge Back Fees.

     e.   Periodically provide customer reports. Reports may include:

          1.   Customer  and  merchant  transaction  histories.

          2.   Reports  issued  by  an Acquiring Bank including, but not limited
               to:  (a)  Credit  Card  Accounts;  and  (b)  Charge  Backs.

     f.   In relation to Charge Backs, API shall provide to Customer written
          notice (which may include by facsimile or email) of any Charge Backs,
          the reason for the Charge Back and details of all corresponding
          suspense accounts and other relevant information (as they become
          available) from an Acquiring Bank. API

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Credit Card Transaction Processing and Settlement Services Agreement      Page 3
<PAGE>
          may require a chargeback reserve should the Acquiring Bank providing
          such services so require or should the number of charge backs become
          unreasonably excessive and shall in such case provide copies of
          correspondence from the Acquiring Banks that request such a reserve.

     g.   Periodically (at least once per year) negotiate in good faith to
          minimize Third Party Transaction Fees for the benefit of Customer.

2.02 Service Level Commitment. API Services shall, during any calendar month,
     ------------------------
     shall be available be no less than ninety-eight percent (98%) of the time
     (based on 24 hours per calendar day), save for scheduled maintenance or
     scheduled downtime ("Maintenance"), or failure of any of Customer's
     equipment that is not due to any intentional or negligent act or omission.
     Notice of any Maintenance will be provided in writing (which may include
     facsimile or email) to Customer, at least seven (7) calendar days prior to
     the contemplated event. Maintenance will be carried out and completed using
     all reasonable haste.

2.03 Pay Own Costs to Comply With this Agreement. Company will be liable for all
     -------------------------------------------
     of its own costs and expenses as may be necessary to incur from time to
     time in order to comply with its obligations in this Agreement.

SECTION 3:  OBLIGATIONS OF CUSTOMER

During the Term of this Agreement and any period of renewal or extension to this
Agreement, Customer agrees to do the following:

3.01 Customer Network. With respect to the Customer Network, Customer agrees to:
     ----------------

     a.   Install a fully functional Customer Network.

     b.   Maintain the Customer Network to provide API with all Credit Card
          Transaction Data related to all Customer's Credit Card Transactions.

3.02 Communicate Transaction Data. Customer agrees to transmit all Credit Card
     ----------------------------
     Transaction Data to the API Hub in a form acceptable to API by way of the
     Customer Network in a timely manner.

3.03 Processing Instructions. Customer will provide written instructions to API
     -----------------------
     as to which Credit Card Transactions are to be processed by API and in
     which currencies and in which jurisdictions as Customer may require.

3.04 Payment of all Fees. Customer agrees to pay:
     -------------------

     a.   All Implementation Fees, Service Fees, Charge Back Fees, Other Service
          Fees, and Taxes (as set out in SCHEDULE 1-FEES) when due.

--------------------------------------------------------------------------------
Credit Card Transaction Processing and Settlement Services Agreement      Page 4
<PAGE>
     b.   Customer agrees that API may deduct such fees from any amounts due to
          Customer. Further, interest of twelve percent (12%) shall accrue on
          all unpaid fees not paid on or before the due date.

3.05 Payment of all Charge Backs.  Customer agrees to pay:
     ---------------------------

     a.   all Charge Backs when due.

     b.   all other fees or expenses imposed by any bank or other third party
          related to any Charge Back.

3.06 Preservation of Records. Customer must securely preserve for not less than
     -----------------------
     one year: (a) an original paper copy or microfilm copy of each and every
     credit card sales transaction recording customer signature and authorizing
     Customer to process a corresponding Credit Card Transaction; and (b) copies
     of any original documents provided by Customer to API pursuant to a Credit
     Card Transaction.

3.07 Pay Own Costs to Comply With this Agreement. Customer will be liable for
     -------------------------------------------
     all of its own costs and expenses as may be necessary to incur from time to
     time in order to comply with its obligations in this Agreement.

SECTION 4:  TERM AND TERMINATION

4.01 Initial Term of this Agreement. The term of this Agreement shall be for a
     ------------------------------
     period of One (1) YEAR (the "Initial Term") from the Effective Date, unless
     terminated sooner for a reason of Default, as described below, or by
     agreement of the Parties.

4.02 Automatic Renewal. After the Initial Term, the term of this Agreement will
     -----------------
     be automatically extended and continue for continuous successive terms of
     one (1) year (individually referred to as "Successive Term"), until either
     Party gives the other written notice of termination.

     a.   Unless otherwise agreed by the Parties in writing, the terms of the
          Agreement shall remain the same in each Successive Term.

     b.   Any notice of termination must be provided at least ninety (90) days
          prior to the end of the Initial Term or then current Successive Term.

4.03 Termination By Agreement. The Parties agree that this Agreement may be
     ------------------------
     terminated at any time by mutual written agreement.

4.04 Termination for Default. In the event of a breach of any obligation of
     -----------------------
     either Party under this Agreement (an event of "Default"), the Non
     Defaulting party shall notify the Defaulting party in writing of the
     specific nature of the Default and shall request that the Default be cured.
     If Defaulting party does not cure the Default within Thirty (30) days of
     the notice, the Non Defaulting party may immediately terminate this
     Agreement.

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Credit Card Transaction Processing and Settlement Services Agreement      Page 5
<PAGE>
     a.   During any period of default related to payment of Fees by Customer,
          API reserves the right to terminate Services until the Default is
          cured to the API's satisfaction.

4.05 Automatic Termination. This Agreement will automatically be terminated on
     ---------------------
     any of the following conditions:

     a.   Bankruptcy. In the event that either party becomes insolvent or is
          -----------
          declared bankrupt, or makes an assignment for the benefit of
          creditors, or in the event that a receiver is appointed or any
          proceeding is demanded by, for or against either party under any
          provisions of the federal Bankruptcy Code.

4.06 Effect of Termination. Should the Agreement terminate for any reason,
     ---------------------
     Customer agrees to immediately discontinue using API's Services and return
     any of API's property to API. Further, Customer agrees to pay API all
     amounts still due for Services provided Customer.

SECTION 5:  INTELLECTUAL PROPERTY RIGHTS AND CONFIDENTIALITY

5.01 Intellectual Property. For the purposes of the Agreement, "Intellectual
     ---------------------
     Property" of the parties includes all patents, trademarks, service marks,
     copyrights, and other proprietary technical information associated with the
     party or its products or services, whether now existing or created in the
     future.

5.02 Ownership of Intellectual Property. All Intellectual Property of either
     -----------------------------------
     party which is provided to the other party in the course of performing any
     obligations under this Agreement shall continue to belong to the disclosing
     party.

5.03 Confidential Information. For the purposes of the Agreement, "Confidential
     ------------------------
     Information" means all proprietary, secret, confidential information, or
     data relating to Company, its operations, employees, services or customers
     that is disclosed in writing, orally, or by drawing or other form.

     a.   Terms of Nondisclosure. Customer acknowledges that Customer may
          ----------------------
          receive Confidential Information in connection with the Agreement and
          the performance of Services. Customer agrees:

          1.   to maintain Confidential Information in strict confidence and not
               to disclose any Confidential Information to any third party
               during the term of this Agreement or anytime after the
               termination of this Agreement.

          2.   Customer will not use any Confidential Information for any
               purpose other than for the performance of the rights and
               obligations under this Agreement during the term of this
               Agreement, without the prior written consent of the Company.

--------------------------------------------------------------------------------
Credit Card Transaction Processing and Settlement Services Agreement      Page 6
<PAGE>
          3.   that Confidential Information shall remain the sole property of
               Company and that it will take all reasonable precautions to
               prevent any unauthorized disclosure of Confidential Information
               by its employees. No license shall be granted by the disclosing
               party to the receiving party with respect to Confidential
               Information disclosed unless otherwise expressly provided in this
               Agreement.

          4.   to return copies, notes or other materials in other tangible
               forms containing any portion of the Confidential Information upon
               request by the Company.

          5.   if requested, to secure a signed confidentiality agreement from
               any person under Customer's control who comes in contact with
               such Confidential Information.

     b.   Exclusions. Customer shall have no obligation concerning any portion
          ----------
          of Confidential Information that:

          1.   was known to Customer before the receipt of such Confidential
               Information from the Company;

          2.   was lawfully obtained by Customer from sources other than Company
               under no obligation of confidentiality;

          3.   lawfully was or becomes publicly known or available prior to
               disclosure other than as a result of an act or failure to act by
               Customer; or

          4.   is required to be disclosed by Customer by applicable law or
               legal process, provided however, that Customer shall give Company
               prior notice of any such disclosures sufficiently in advance to
               enable Company to obtain a protective order and shall limit
               disclosure to only the information required to be disclosed by
               law.

     c.   Publicity. Neither party shall disclose any of the specific terms of
          ---------
          this Agreement to any third party without the prior written consent of
          the other party, which consent shall not be withheld unreasonably

5.04 Information Remains the Property of Company. Any specifications, drawings,
     -------------------------------------------
     sketches, models, samples, tools, computer or other apparatus programs or
     codes, technical or business information or data, field trial results
     and/or reports, written, oral or otherwise (collectively "Information")
     furnished to Customer under the Agreement or in contemplation of the
     Agreement, shall remain the property of Company. All copies of the
     Information, in written, graphic or other tangible form, shall be returned
     to Company at Company's request.

--------------------------------------------------------------------------------
Credit Card Transaction Processing and Settlement Services Agreement      Page 7
<PAGE>
5.05 Preservation of Marks. Nothing in this Agreement creates in a party any
     ---------------------
     intellectual property rights in the Marks of the other party. For purposes
     of this Agreement, the capitalized term "Marks" means corporate or trade
     names, logos, trademarks, patents, copyrights, service marks, or other
     symbols that serve to identify and distinguish a party or its products from
     its competitors.

SECTION 6:  LIMITATION OF LIABILITY, DISPUTE RESOLUTION, & GOVERNING LAW

6.01 Indemnification. Each party ("First Party") shall indemnify and hold the
     ----------------
     other party ("Second Party") harmless from: any (1) claims by, and (2)
     damages awarded to, any third party for any alleged acts, omission, or
     breach of the First Party, including any claim for infringement on the
     third party's intellectual property rights. The First Party also agrees to
     pay all costs (including without limitation attorneys fees, court costs,
     and costs of investigation) reasonably incurred by the Second Party in
     defending such claim.

6.02 Limitation of Liability. The liability of Company shall be limited to, at
     -----------------------
     the option of Company, performance of any Services which were not performed
     or the refunding of any money paid to Company for performance of such
     Services. If Company is liable to Customer for any matter arising out of or
     relating to the negotiation, formation, performance or non-performance of
     this Agreement, whether based on an action or claim in contract, equity,
     negligence, tort, or otherwise, Company shall not be liable for any damages
     sustained by Customer exceeding the total amounts paid to Company by
     Customer for Services under this Agreement.

6.03 Dispute Resolution. Each party will make reasonable best efforts to
     ------------------
     amicably resolve any disputes or claims under this Agreement among the
     parties. The parties shall attempt in good faith to resolve any dispute
     between them promptly by negotiation between the parties' executives.
     Either party may send the other a request to negotiate.

     a.   If negotiation does not result in resolution within thirty (30) days
          from the request to negotiate, the parties agree to submit the dispute
          to nonbinding mediation. Either party may make a request for
          mediation. The mediation must occur within ninety (90) days of the
          request for mediation.

     b.   Should any dispute not be resolved by mediation within the time period
          set out for mediation (whether a mediation occurs or not), then either
          party may file a petition for arbitration. The arbitration must occur
          within one hundred eighty (180) days of the request for mediation.
          Arbitration shall be conducted by a single arbitrator and be binding
          on all parties to the arbitration. The rules for arbitration shall be
          governed by the procedures set out by the American Arbitration
          Association. Judgment upon any award rendered by the arbitrator may be
          entered by any court having jurisdiction over the parties.

     c.   Any mediator or arbitrator shall be selected by mutual agreement of
          the parties, and the cost charged by any mediator or arbitrator shall
          be divided equally among the parties. Any arbitrator must be a member
          of the American Arbitration

--------------------------------------------------------------------------------
Credit Card Transaction Processing and Settlement Services Agreement      Page 8
<PAGE>
          Association. Any mediation or arbitration shall take place in the
          State of Hawaii, U.S.A. and shall be conducted in English.

     d.   These procedures will apply to any and all disputes that may arise
          between the parties or between their respective principals, officers,
          directors, employees, agents, subsidiaries, parents, predecessors,
          successors, assigns, heirs or related entities.

6.04 Governing Law. This Agreement will be interpreted and enforced in
     -------------
     accordance with the laws of the United States of America. Venue for any
     claims shall be the State of Hawaii, U.S.A.

SECTION 7:  NOTICES

7.01 Notices. Any notice or request required or permitted to be given to any
     --------
     party shall be given in writing and shall be: (a) hand delivered or (b)
     conveyed by courier, such as DHL, Federal Express, or United Parcel
     Service, or to the party. The address for delivery of any notice shall be
     the address for the party in this Agreement, or at such other address as
     such party may designate by written notice to the other party to this
     Agreement given in conformity with this paragraph. Notice shall be
     effective the date it is deposited in the mail or given to a third party to
     deliver to the recipient, whether or not the recipient signs for or accepts
     such notice.

SECTION 8:  GENERAL PROVISIONS

8.01 Independent Relationship Between the Parties. The relationship created
     --------------------------------------------
     under this Agreement is strictly limited to the relationship of buyer and
     seller for the sale of services. This Agreement does not create any agency,
     franchise, joint venture, partnership or other similar legal relationship
     between the parties.

8.02 Authorization. The individuals executing this Agreement warrant that they
     -------------
     have the authority to execute this Agreement as authorized agents and with
     full authority of any entity which such individual represents, and that the
     execution of this Agreement does not violate any applicable bylaws,
     regulations, operating agreement, rules or other resolution of such entity.

8.03 Incorporation of Related Documents. All exhibits, schedules, attachments
     ----------------------------------
     (including legal descriptions), and other instruments referred to in this
     Agreement are incorporated into this Agreement as completely as if they
     were copied verbatim into the body of it.

8.04 Complete Agreement. This instrument contains all of the agreements,
     ------------------
     representations, and conditions made between the parties. No
     representation, promise, inducement, or statement of intention has been
     made by or on behalf of either party which is not set forth in this
     Agreement. Neither this Agreement nor any of its provisions may be amended
     or modified other than by an instrument in writing signed by the parties.

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Credit Card Transaction Processing and Settlement Services Agreement      Page 9
<PAGE>
8.05 Further Assurances. Each party to this Agreement agrees to perform any
     ------------------
     further acts and to execute and deliver any further documents that may be
     reasonably necessary to carry out the provisions of this Agreement.

8.06 Assignment,Binding Effect on Successors And Assigns. The parties shall not
     ---------------------------------------------------
     assign or transfer this Agreement, in whole or in part, or any right or
     obligation under this Agreement to any third party without the prior
     written consent of the other party. Subject to the foregoing, this
     Agreement and the parties' rights and obligations shall be binding upon and
     inure to the benefit of the parties and their respective successors and
     assigns.

8.07 Divisible Agreement. If any section or clause is found invalid or
     --------------------
     unenforceable, the remainder of this Agreement shall be enforceable.

8.08 Binding Effect - Successors And Assigns. Each and every one of the terms,
     ---------------------------------------
     conditions, and covenants contained in this Agreement shall extend to, be
     binding upon, and inure to the benefit of the parties and their respective,
     successors, and assigns.

8.09 No Third Party Beneficiaries. Neither this Agreement nor any other
     ----------------------------
     agreement contemplated in this Agreement shall be deemed to confer upon any
     person not a party to this Agreement any rights or remedies contained in
     this Agreement.

8.10 Limitation of Liability. Neither party shall be responsible for any debt,
     -----------------------
     loss, contract, or other obligation of the other party (including any
     obligation to any taxing authority), except as provided in this Agreement.

8.11 Force Majeure. Either party shall not be liable to the other for failure to
     -------------
     perform any part of this Agreement, except for any due payment obligation,
     when such failure is due to fire, flood, strikes, labour troubles or other
     industrial disturbances, inevitable accidents, war (declared or
     undeclared), embargoes, blockages, legal restrictions, governmental
     regulations or orders, riots, insurrections, or any cause beyond the
     control of such party ("Event"). The party so prevented from performance
     shall, however, use diligent efforts to resume performance.

     If any Event lasts for more than thirty (30) calendar days from the date of
     its occurrence, and that event prevents either party from performing all or
     part of its material obligations during that period, either party may
     terminate this Agreement by giving not less than fourteen (14) days notice
     to the other party.

8.12 Failure to Enforce Not Waiver. The failure of a party at any time or from
     -----------------------------
     time to time to require performance of any of another party's obligations
     under this Agreement shall in no manner affect the party's right to enforce
     any provision of this Agreement at a subsequent time, or constitute a
     waiver by the party of any right arising out of any subsequent breach.

8.13 Drafting. The normal rule of construction to the effect that any
     --------
     ambiguities are to be

--------------------------------------------------------------------------------
Credit Card Transaction Processing and Settlement Services Agreement     Page 10
<PAGE>
     resolved against the drafting party shall not be employed in the
     interpretation of this Agreement or any exhibits or amendments to the
     Agreement.

8.14 Counterparts / Acceptance By Electronic Delivery. This Agreement may be
     ------------------------------------------------
     executed in multiple counterparts, each of which shall be deemed an
     original, and all of which together shall constitute one and the same
     instrument. The parties agree that original signatures will not be required
     to effectuate the terms of this Agreement. This Agreement may be executed
     and the terms of which fully accepted by either party by delivering an
     electronic form of this Agreement to the other party and indicating in the
     body (e.g. by signing) of the electronic delivery format that the enclosed
     Agreement has been accepted by the delivering party. Examples of electronic
     delivery include but are not limited to: facsimile transmission (but do not
     include e-mail delivery). A copy of this Agreement has the same force and
     effect as the original.

     SIGNED on ___________________________________________, 2004.

________________________________
e-Charge USA                         Asia Payments, Inc.
By:                                  By:

________________________________     ____________________________________
Name:                                Name:  Matt Mecke
Title:                               Title: President & CEO

Address:                             Address:
e-Charge USA                         Asia Payment Systems, Inc.
444 Niu Street                       800 5th Avenue #4100
Honolulu, Hawaii                     Seattle, Washington 98104
United States                        United States
Fax:                                 Fax: 1-206-470-1150

--------------------------------------------------------------------------------
Credit Card Transaction Processing and Settlement Services Agreement     Page 11
<PAGE>

                             SCHEDULE 1-SERVICE FEES

During the Term of this Agreement and any period of renewal or extension to this
Agreement, Customer agrees to pay API, in U.S. Dollars ("USD") unless otherwise
specified, the following:

1.   Initial Implementation Fee. Customer agrees to pay API USD $      0.00
     --------------------------                                  ---------------
     to  establish  an  API  Hub  for  Customer's  benefit.  This  fee  shall be
     deemed  earned  if  the  system  has been successfully tested by procession
     Credit Card Transaction Data at one or more locations.

2.   Service Fees. The following which are collectively referred to as "Service
     ------------
     Fees:"

     a.   Per Transaction Fee. Customer agrees to pay API USD $0.50 cents per
          -------------------
          transaction for each Credit Card Transaction sent to API by or related
          to Customer.

     b.   Percentage of Gross Sales. Customer agrees to pay API half of one
          -------------------------
          percent (0.50%) of daily gross credit card sales processed by API for
          Customer into the Chase Merchant Services credit card merchant account
          (#451222652997).

3.   Charge Back Fees. The greater of the actual cost to API or USD $25.00 per
     ----------------
     occurrence, plus any related Credit Card Transaction fees.

4.   Other Service Fees. Customer agrees to pay API for all other services
     ------------------
     provided by API, apart from the Services set out in this Agreement. All
     other services will be charged at the rate of USD $150.00 per hour. In
     addition, the other services fees include all out of pocket expenses
     incurred by API.

     a.   Out of Pocket Expenses. Additionally, Customer agrees to reimburse API
          ----------------------
          for any travel and out of pocket expenses reasonably incurred by API
          or API personnel, unless otherwise agreed in writing by the parties.
          Other services include: hosting, customisation or additional
          development work, ongoing maintenance and training. In API will:

          1.   obtain Customer's prior written approval for all individual
               travel expenses exceeding USD $2,000.00 and individual out of
               pocket expenses exceeding USD $150.00;

          2.   incur such expenses in good faith in the course of API performing
               its obligations under this Agreement; and

          3.   furnish original documentary evidence, such as receipts, with any
               corresponding invoice.

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Credit Card Transaction Processing and Settlement Services Agreement     Page 12
<PAGE>
     Upon receiving a written request for "Other Services" from Customer,
     Company will return an estimate of charges along with relevant information.
     Customer will agree to "Other Services estimate and will sign such estimate
     and return to Company prior to Company undertaking any such services.

5.   Taxes. Additionally, Customer agrees to pay all sales taxes, value added
     -----
     taxes and goods and services taxes assessed by any governmental entity for
     charges related to API's services.

6.   Application of Services Fees. The Service Fees will apply equally for
     ----------------------------
     Yen-to-Yen transactions as well as Yen-to-USD transactions or any other
     currency-to-currency transaction.

     SIGNED on ___________________________________________, 2004.

________________________________         _______________________________
e-Charge USA                             Asia Payments, Inc.
By:                                      By:

________________________________         ____________________________________
Name:   ______________________           Name:     ________________________
Title:  ______________________           Title:    ________________________

--------------------------------------------------------------------------------
Credit Card Transaction Processing and Settlement Services Agreement     Page 13

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