EXHIBIT 4.16 TO: BANK OF BERMUDA (ISLE OF MAN) LIMITED The Borrower hereby agrees to accept the terms and conditions as set out in the Bank's letter to the Borrower dated the 9th March 2001 of which the foregoing is a true copy. For and on behalf of...

                                                                    EXHIBIT 4.16






TO:  BANK OF BERMUDA (ISLE OF MAN) LIMITED



The Borrower hereby agrees to accept the terms and conditions as set out in the
Bank's letter to the Borrower dated the 9th March 2001 of which the foregoing is
a true copy.

For and on behalf of Trade Media Holdings Limited (as Borrower)

/s/  Xxxxx Xxxx Xxxx Xxx                     /s/  Tang Yang Ping
------------------------------------         -----------------------------------
Director                                     Secretary


Date:  March 13, 2001