EXHIBIT 10
AGREEMENT
BETWEEN:
VANCOUVER'S FINEST COFFEE COMPANY Suite 201 - 000 Xxxx Xxxxxx
Xxxxxxxxx, X.X.
Xxxxxx X0X 0X0 (HEREINAFTER "VFCC")
AND
CHINA NETTV CORP.
830 - 000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxx, X.X.
Xxxxxx X0X 0X0 (HEREINAFTER "NETTV")
WHEREAS VFCC is a company incorporated in the State of Nevada with an original
plan of entering the coffee kiosk business in the Xxxxx Xxxxxxxx xxxxxx xx
Xxxxxxx Xxxxxxxx;
AND WHEREAS NetTV is a BVI incorporated company holding a Letter of Intent with
Chengdu Qianfeng Digital Audio/Video Equipment Co. Ltd. to form a joint venture
in China to produce Digital Television Transmission Systems and TV Set-Top Boxes
An independent study dated January 19, 2000 by Xxxxxx Xxxxxxx Esq. has indicated
that since the coffee kiosk business in the Lower Mainland region of British
Columbia no longer presents the potential initially anticipated, VFCC management
has decided to seek an alternative line of business. The parties hereby agrees
to:
VFCC will acquire 100% of China NetTV Corp., a duly formed company. China NetTV
has signed a Letter of Intent to acquire a 51% interest of Chengdu Qianfeng
Digital Audio/Video Equipment Co. Ltd.
VFCC directors will transfer six million already issued escrow shares to
shareholder of NetTV for 100% of NetTV.
DATED THIS 4TH DAY OF MAY, 2000.
ON BEHALF OF VANCOUVER'S ON BEHALF OF
FINEST COFFEE COMPANY CHINA NETTV CORP.
/S/ Xxxxxxx Xxxxxx /S/ Xxxxxx Xxxxxx
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Xxxxxxx Xxxxxx, President Xxxxxx Xxxxxx, President
