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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: StockDung who wrote (83954)4/29/2003 10:50:15 AM
From: tool dude  Read Replies (1) | Respond to of 122088
 
LOL! Fox News baghdad bob action figure doll!osama with pink too too -this guy is too funny!



To: StockDung who wrote (83954)4/29/2003 2:50:47 PM
From: SEC-ond-chance  Read Replies (2) | Respond to of 122088
 
CHINA WORLD TRADE CLOSES UP (remember Tom Heysec, the pennystock pickers report)

Filed On 3/3/3

China World Trade Corporation

Pursuant to the Share Exchange Agreement, the Company acquired 100% of the
issued and outstanding shares of GBN, a property holding company. As of the date
of acquisition, GBN owned two rental properties located at 20/F., Goldlion
Digital Network Center, Unit 01-10, 138 Tiyu Road East, Tianhe, Guangzhou, the
PRC and Flat B, 12/F., Champion Center, 301-309 Nathan Road, Hong Kong. The
Company intends to retain the rental properties and collect the rental incomes
generated by the properties.

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

SETTLEMENT AGREEMENT

This Agreement dated 8 September 2002 entered into between and by:

PARTY A: China World Trade Corporation, c/o 4th Floor Goldlion Network Center,
138 Tiyu Road East, Tianhe, Guangzhou, the PRC 510620

PARTY B: Bernard Kwong-chung Chan of 65 Cadogan Street, #217, 2nd Floor, Kennedy
town, Hong Kong


RECITALS

Party A is a public company with business provided in the major areas
of business recreational club, online trading services, and trading brokerage
and agency services; and Party A owed Party B a total amount of US$15,000.00
(the "Consideration Amount") of U.S. consultant fee as of 31 July 2002.

WHEREAS:

1. Party B agrees to convert the Consideration Amount that Party A owned
into the shares of the common stock of Party A which shall rank
pari-passu to the existing common stock; and Party A agrees to issue or
cause to issue a total of SEVENTY-THREE THOUSAND THREE HUNDRED AND
FIFTY-FIVE (73,355) POST 30-TO-1 REVERSE SPLIT SHARES of its common
stock to Party B for the settlement of the Consideration Amount (the
"Transaction").

2. Party A agrees to pay for all the expenses in relation to the issuance
of its shares of common stock to Party B.

3. Upon signing of this Agreement and the completion of the issuance of
shares of the common stock of Party A to Party B, neither Party A nor
Party B would claim the counter party for any form of additional damage
and/or settlement regarding the Consideration Amount.

4. Both parties agree to keep all information regarding the Transaction
and its business or affairs which are known to the Parties in
connection with this Agreement strictly confidential and shall release
such information only to parties authorized by either party.

5. This Agreement shall be governed by the laws of the Hong Kong Special
Administrative Region and the Parties shall submit to the jurisdiction
thereof.

For and on behalf of For and on behalf of
Party A Party B

/s/ John Hui /s/ Bernard Chan
----------------------------------- -----------------------------------
Mr. John HUI Bernard Chan

secinfo.com