Payment Agent Contract

PAYMENT AGENT CONTRACT


This contract is signed by the following four parties in Beijing on June 11, 1998:


Party A: Softbank Corporation of Japan


Party B: Jitong Communication Co., Ltd.


Party C: UT Starcom (formerly Unitech Telecom Inc. of the United States)


Party D: UT Starcom (China) Ltd.


Whereas


1. Party B shall entrust Party D to develop and construct an Internet information service project in China.


2. Party C shall be the supplier of the main exported equipment needed to develop and construct the Internet information service project of Party B.


3. Party A shall provide financial support for the development and construction of the information service project. The concrete means shall be to provide major financial support for the export of the equipment of Party C.


In order to facilitate the development and construction of the information service project and ensure a smooth payment, all the parties have reached, through friendly negotiation, an agreement as foll ...